A PHP Error was encountered

Severity: Notice

Message: Undefined index: Operating System

Filename: libraries/DT_ci_browser_os.php

Line Number: 49

Backtrace:

File: /home/bcs/public_html/application/fe/libraries/DT_ci_browser_os.php
Line: 49
Function: _error_handler

File: /home/bcs/public_html/application/fe/libraries/DT_ci_browser_os.php
Line: 11
Function: getOS

File: /home/bcs/public_html/application/fe/helpers/site_helper.php
Line: 227
Function: library

File: /home/bcs/public_html/application/fe/controllers/Newsdetails.php
Line: 34
Function: viewCounter

File: /home/bcs/public_html/index.php
Line: 319
Function: require_once

A PHP Error was encountered

Severity: Notice

Message: Undefined index: Operating System

Filename: libraries/DT_ci_browser_os.php

Line Number: 49

Backtrace:

File: /home/bcs/public_html/application/fe/libraries/DT_ci_browser_os.php
Line: 49
Function: _error_handler

File: /home/bcs/public_html/application/fe/libraries/DT_ci_browser_os.php
Line: 11
Function: getOS

File: /home/bcs/public_html/application/fe/helpers/site_helper.php
Line: 228
Function: __construct

File: /home/bcs/public_html/application/fe/controllers/Newsdetails.php
Line: 34
Function: viewCounter

File: /home/bcs/public_html/index.php
Line: 319
Function: require_once

A PHP Error was encountered

Severity: Notice

Message: Undefined index: Operating System

Filename: libraries/DT_ci_browser_os.php

Line Number: 84

Backtrace:

File: /home/bcs/public_html/application/fe/libraries/DT_ci_browser_os.php
Line: 84
Function: _error_handler

File: /home/bcs/public_html/application/fe/helpers/site_helper.php
Line: 230
Function: showInfo

File: /home/bcs/public_html/application/fe/controllers/Newsdetails.php
Line: 34
Function: viewCounter

File: /home/bcs/public_html/index.php
Line: 319
Function: require_once

A PHP Error was encountered

Severity: Warning

Message: Cannot modify header information - headers already sent by (output started at /home/bcs/public_html/system/core/Exceptions.php:271)

Filename: helpers/site_helper.php

Line Number: 250

Backtrace:

File: /home/bcs/public_html/application/fe/helpers/site_helper.php
Line: 250
Function: setcookie

File: /home/bcs/public_html/application/fe/controllers/Newsdetails.php
Line: 34
Function: viewCounter

File: /home/bcs/public_html/index.php
Line: 319
Function: require_once

The Blockchain Story

Bits and Bytes : Crypto Weekly, 13-19 May, 2019

  • By The Blockchain Story
  • Mon, 20 May 2019 00:00:00 AM
  • 0 comments
  • 0

Microsoft to build decentralised identifier system on Bitcoin Blockchain

Microsoft has announced an early preview of a Sidetree-based DID network, called ION (Identity Overlay Network) which runs atop the Bitcoin blockchain. It is based on an emerging set of open standards that have been developed in conjunction with the Decentralized Identity Foundation. It claims that the approach undertaken by the project greatly improves the throughput of DID systems and can achieve tens-of-thousands of operations per second.

Bakkt Bitcoin futures contract to launch in coming months

Bakkt plans User Acceptance Testing (UAT) for bitcoin futures & custody for July. It is working with its exchange and clearing partners at ICE and customers over the next several weeks to prepare for user acceptance testing (UAT). It plans to launch two types of contracts viz., a daily settlement bitcoin future, which will enable customers to transact in a same-day market, and a monthly bitcoin futures contract will enable trading in the front month and across the forward pricing curve.

World Bank & Commonwealth Bank partner for world’s first bond transaction on Blockchain

World Bank and Commonwealth Bank (CBA) have successfully enabled secondary market trading recorded on blockchain for bond-i (blockchain operated new debt instrument launched last August), marking a historic event wherein, a bond whose issuance and trading are recorded using distributed ledger technologies. The underlying blockchain functionality was developed by CBA in conjunction with World Bank and market maker TD Securities.


The Crypto Bits

  • Finastra has signed three global banks on its R3’s Corda based Fusion LenderComm platform 
  • Facebook registers a financial tech firm, Libra Networks LLC in Switzerland.
  • Grant Thornton LLP audited Circle, says sufficient reserves to fully back USD Coin.
  • Stellar network faces outage for 2 hours due to mass offlining of Stellar Development Foundation (SDF) nodes.

Business Dev/launches

  • Flexa launches SPEDN app with 15 US retailers to accept crypto.
  • Seed CX adds support for Paxos, USDC & TrueUSD.
  • Blockstream launches security token platform- Liquid Securities.
  • GSR launches BTC halo option derivative.
  • PCF Capital Group, Australia to launch a $250 M digital securities offering on KoreConX Blockchain.
  • BitGo launches off-chain clearance and settlement service.
  • Börse Stuttgart launches XRP and Litecoin ETNs.
  • RIF Labs launches RIF Lumino Network, 3rd layer BTC scaling solution to achieve up to 5000 TPS.
  • Opera, Web browser adds support for Tron & TRC-standard tokens to its built-in wallet
  • HTC to launch Exodus 1S with BTC full node capability.
  • PAX stablecoin launches immediate redemption moving from 4 hour window.

Tech Dev

  • Hyperledger to launch Hyperledger Aries - infrastructure supporting interoperable identity solutions.
  • Kaleido launches a new business-to-business (B2B) tech stack.
  • ThunderCore releases proof-of-concept code for its pala consensus algorithm.

Testnet/Mainnet

  • Ava Labs launches private testnet of the Ava network.   
  • Ground X to launch Klaytn mainnet on June 27, 2019.

Government & Regulatory

  • European Commission grants $2.1 M to Billions Digital to develop a DLT based Document Management System.
  • Per settlement agreement with OSC, NextBlock, CEO Alex Tapscott will pay $148,000 CAD fine and lead ethics seminars at three Canadian business schools.
  • Financial Services Regulatory Authority of ADGM, UAE has granted in-principle approval to BitOasis to operate crypto asset platform and wallet.
  • Indians urge RBI to allow crypto in regulatory sandbox.
  • Token Taxonomy Act includes ‘de minimis’ tax exemption upto $600
  • SEC has postponed its decision to Bitwise Asset Management’s Bitcoin ETF.  
  • Estonia passes new bill- makes crypto regulations stringent.
  • NextBlock Global CEO, Alex Tapscott has been fined $25,000 by US SEC.
  • Germany’s NRW state government plans to set up European Blockchain Institute.
  • Poloniex to stop offering trading of 9 assets to US customers due to regulatory uncertainity.

Exchanges

  • Coinbase launches in 50 more countries, adds support for USDC trading- total in 85 countries now. 
  • Cryptopia appoints David Ruscoe and Russell Moore from Grant Thornton New Zealand as liquidators.
  • Coinbase Earn now available to users in more than 100 countries
  • Huobi launches regulated OTC desk for institutional investors.
  • Naga, has released its new exchange platform, Nagax, connected to its social investing network Naga Trader.

Research & Survey

  • The ICO market is down around 97% in Q1 2019 (YoY), says BitMex research.
  • Bitcoin hashrate becoming more distributed, 22% blocks mined by unknown pools now, reports Diar
  • BTC growth can be attributed to its maturation as an asset, reports Indexica
  • 376 whales control 33% of circulating supply of Ether, down from 47% in 2016, says Chainalysis Research.
  • April’s three most common malware variants were cryptominers viz., Cryptoloot, XMRig & Jsecoin, says Check Point Research.
  • Existing regulatory framework can manage crypto-assets’ risks or potential implications, says Report by European Central Bank.

Collaborations & Partnerships

  • Banco Bradesco partners R3, to join Marco Polo for trade finance
  • UNFCCC signs MoU with W-Foundation to reward climate action for Green House gases in WGP crypto.
  • ConsenSys partners with LVMH & Microsoft to launch AURA, luxury industry supply chain based on Ethereum & Microsoft Azure. 
  • Uphold partners with ledger to use Ledger’s institutional custody platform Ledger Vault.
  • Polymath partners with Charles Hoskinson to launch Polymesh, a regulation-compliant tokens Blockchain.
  • IOTA, partners with Avery Dennison to use DLT for supply chain.
  • SFOX Partners with M.Y. Safra Bank to offer FDIC-Insured Bank accounts to traders.
  • Chiliz partners with Binance to use Binance Chain.

Hiring/Goodbyes

  • Lucien Chen co-founder TRON is leaving the project.
  • Subhankar Sinha joins BNY Mellon as head of Blockchain 
  • Ex- Coinbase, Mikheil Moucharrafie & Jeff Cartwright joins Facebook.

Courts & Prosecutors

  • In a lawsuit brought by investors in Centra Tech’s ICO, Floyd Mayweather & DJ Khaled have been dismissed as defendant.
  • NY Supreme Court grants motion of Bitfinex to modify ex parte injunction.

Patents

  • Amazon receives a patent for PoW cryptographic protocol.

Investment & Acquisitions

  • Coinbase is in talks to acquire Xapo for about $50 M.
  • Brave plans to raise $30–$50 M in Series A.
  • InfStones raises $2 M in seed round from investors including Danhua VC & Plug and Play Ventures

 

See whats happening in Blockchain & Crypto space around the world on BCS. Download the Android | IOS app.

 

 

Discussion