The Commission on urgent exchange trade of the USA has requested public comments about the technology of Ethereum

The Commission on urgent exchange trade of the USA (CFTC) have expressed a desire to learn more about Ethereum and its underlying technologies, and markets that have been created around it.

Published on Tuesday, December 11, a request to retrieve relevant information, the regulator explains that it wants to receive public comments on various issues regarding Ethereum — from technology to its application. For replies CFTC took 60 days, answers can be submitted via electronic or regular mail, or transfer physically.

“The CFTC expects that the comments received and the information will be of benefit LabCFTC, FINTECH-the initiative of the CFTC and will help the Commission better understand these promising technologies,” — said in a press release.

In the request for information noted that these answers also help the Department to get a better idea about how it should be regulated Ethereum-market, and the associated cryptocurrency markets derivatives.

“Information received at this inquiry, the CFTC will help to ensure the integrity of the derivatives markets, and will also facilitate monitoring and reduce systemic risk by enhancing legal certainty. The purpose of the request is the understanding of the similarities and differences of various virtual currencies including bitcoin and Ethereum, Ethereum and the inherent opportunities, challenges and risks,” it says.

The document contains 25 different questions about Ethereum and its network are divided into categories such as its purpose, underlying technology, markets, supervision, as well as cyber security and custody decisions.

The questions touch on themes such as, for example, the forthcoming launch of Ethereum for algorithm proof-of-stake, the problems of scalability, network usage at the moment, the possibility of audit of deposits in ETH, etc.

One of the questions, for example, as follows:

“How the introduction of derivative contracts on Ether capacity to change or modify the structure of the [financial] incentives underlying the model proof-of-stake?”

Subsequent questions in more detail affect the potential impact of the market on Ethereum built on top of it, the derivatives market and Vice versa.

Recall that in late November LabCFTC, a research unit of the CFTC, issued an official guide to smart contracts, pointing out their advantages and risks.

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FineCrypto

History about how the maker of Litecoin, Charlie Lee, found out about Bitcoin

The Creator of the seventh volume of capitalization of the cryptocurrencies in the world of Litecoin Charlie Lee talked to Laura Shin in the broadcast of her popular podcast. They discussed Bitcoin and how he met cryptosphere. For starters, Lee said on the tenth anniversary of the publication of whitpaper Bitcoin and said that was very involved in activities in Cryptoprotected. He didn’t even notice that flew these years.

“I’m really surprised that so many years have passed. I have the feeling that I only yesterday learned about Bitcoin, although I first read about him back in 2011. Yes… just an amazing ten years.”

He further confessed to how really acquainted with Bitcoin. He read about the coin in the article about Silk Road, the most famous online market where in payment accepted bitcoins. This aroused his interest in the new form of digital currency that is resistant to censorship and is a much more sound form of money than the existing.

What will happen to Bitcoin next?

According to Ambcrypto, he also wished for Bitcoin to achieve its ultimate goal — to become the money we use for everyday payments. According to the Creator of Litecoin, cryptocurrency will soon replace Fiat money.

“Ten years have passed. Bitcoin and cryptocurrencies still act as a speculative asset. And we, as you know, so far only tickled the tip of the iceberg and very little progress in that direction to make them real money.”

Remembering the past, Li told how became interested in bitcoin during the Bitcoin price below $ 30. Then he had a strong feeling that the coin is “undervalued” and it had the potential to revolutionize. That was the trigger, why Do closely was fascinated by cryptosphere.

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FineCrypto

7 facts that you probably didn’t know about Vitalice Uterine

Acne Buterin – the man who invented Ethereum is one of the most significant figures in the world of cryptocurrency. He started to get the blockchain technology in 2011. In this article we will tell you seven facts about Uterine, which you probably didn’t know.

Vitalik wrote withpaper Ethereum at the age of 19 years.

Vitalik was only 19 years old when he invented his version of the cryptocurrency. One of the most important differences between bitcoin and Ethereum and other cryptocurrencies existed at that time was the introduction of the concept of smart contracts. Smart contracts can be implemented using Ethereum virtual machine (EVM). It was a huge breakthrough, which allowed will appear decentralized applications on the Ethereum blockchain.

He learned about bitcoin from his father at the age of 17 years

It was his father, Dmitry Buterin, a serial entrepreneur, spoke about bitcoin Vitalik when he was 17 years old.

He was a Prodigy

When his parents moved from Russia to Canada, he was enrolled in primary school. After he switched in third grade, the school administration decided to transfer him to a class for gifted children. It was there that he began to deal with the economy, programming and mathematics. It soon became clear that he could easily produce arithmetic operations with three-digit numbers in mind.

State Buterin is estimated in 400-500 million dollars

According to some estimates, as Vitalik estimated to be about 400-500 million dollars. Approximately the same amount of its assets in Ethereum and BTC.

Acne Buterin also a good writer

He began to write for various forums related to cryptocurrency until I started writing on a blog devoted to the cryptocurrency. The blog owner agreed to pay him in bitcoins in the amount of 5BTC for each approved post. He later became a co-founder of Bitcoin Magazine is one of the most famous cryptocurrency publications.

He left the University

In 2014, in order to grant the Thiel Fellowship, which is nearly $ 100,000, he left the University of Waterloo. While the Ethereum project has already started.

Rumors of the death of

25 Jun 2017 edition of 4Chan announced that he had died in a car accident. Because of this news Ethereum capitalization decreased by $ 4 billion.

The post 7 facts that you probably didn’t know about Vitalice Uterine appeared first on FineCrypto.

FineCrypto

Acne Buterin about EOS, Bitcoin, Monero, Ethereum and zcash for

Ethereum Creator Vitalik Buterin shared his thoughts about which blockchain systems are the most promising in his view.

In a new video on YouTube channel zcash for, Buterin explained why he is against the block chain with edinom the decision-making body, such as EOS, where users choose their representatives, who keep the network running.

A couple of years ago I probably would speak out in support Tezos-EOS, who believe that the blockchain needs to be managed. But now? I’m totally against that, I think it’s a crazy idea.

EOS has 21 representative, who shall be selected by vote. To become a representative, you need to have sufficient stock of EOS or to holders of a sufficient number of EOS voted for you.

Also read – acne Buterin: cryptocurrencies will never grow up “1000 times”

In the last election was attended by 17% of owners EOS. Candidate who received the greatest number of votes is Bitfinex. And Bitfinex has only about 3.5% of all votes. Of these 3,5% 1,8% belong directly to Bitfinex. And the other 1.7 percent – just random people. Thus, the positioning of 1.8%, Bitfinex could single-handedly become one of the 21 delegates.

And that gives them this privilege? Basically, it gives them the option of receiving 1% per annum of funds allocated for delegates EOS. Thus, the voting mechanism makes this converges Pro-plutocratic effect, where if you’re big enough and have more than 1.8% of all the coins you can actually buy a place of the delegate and it will give you the opportunity to earn even more money.

Buterin also explained why he advocates the control outside the network.

Ultimately, from the point of view of the quality of decision-making, I believe that the management of Bitcoin was pretty bad because it is excessively conservative and appreciates very specific things in a much more large scale than most real users of this technology.

But besides this, I think Ethereum is quite capable of improving functions, which, I think, interested ordinary users. Guide zcash for great progress in its road map, which I think zcash for investors very happy. Bitcoin Cash begins to implement changes. There are many new blockchain projects. Monero makes the forks every six months.

And I don’t see all these blockchains that are not managed centralizovana had some problems with the decision-making.

The post Acne Buterin about EOS, Bitcoin, Monero, Ethereum and zcash for appeared first on FineCrypto.

FineCrypto

Co-founder of Ethereum about the collapse of the cryptocurrency market

Ethereum co-founder and CEO of ConsenSys Inc. Joseph Lubin in an interview with Bloomberg said that he did not believe the recent collapse in cryptocurrency market are large enough that the industry ceased to develop.

Lubin believes that the price spikes of last year was just another bubble as the previous “six big bubbles, each of which is even more epic than the previous one.

He added that on closer examination these peaks look like “pimples on the chart”. Lubin said each bubble, and the recent in particular, contributes to the growth of the industry.

… we build more basic infrastructure, see the correction, and the potential each time more impressive … I am absolutely sure that there is a strong correlation between price growth and the growth of basic infrastructure in the ecosystem, as well as the overall development of the ecosystem. The community of developers involved in the industry has increased at least two orders of magnitude, compared with what it was eight or ten months ago.

Lubin explains the volatility of a large number of speculative investors present in the region, but this is not necessarily an indication of improved basic infrastructure.

Recall that yesterday Ethereum (ETH) fell to a 9-month low and was trading around USD 260. In recent times, the price of the cryptocurrency fell below the mark of $ 300 in early November 2017. Today, the price has slightly corrected and is located in the area of 288 dollars.

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FineCrypto

SVK CRYPTO PODCAST 202 – 14/08/2018 – THE TRUTH ABOUT THE BITMAIN IPO?

https://www.podbean.com/media/share/pb-dt3xj-97482a

Welcome to the SVK Crypto, 15 Minutes of Crypto Fame, brought to you by your host, Charles Storry. We provide daily cryptocurrency content and analysis on topics such as Bitcoin, Ethereum, Altcoins and ICO’s.

We not only produce our daily content we feature CEO’s of all exciting ICO’s! Stay tuned to find out more!

If you’d like to stay in touch or get more info from me, please SUBSCRIBE to the channel and spread the good word!

Follow us on Twitter: https://twitter.com/SVK_Crypto

Visit our website: http://www.svkcrypto.com

Email us: cstorry@svkcrypto.com

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SVK Crypto – Daily News Blog

Turkish cryptocurrency platforms warn about greatly increased

The volume of trading on the cryptocurrency exchanges of Turkey has increased significantly on Friday, after the national currency fell to record lows.

According to CoinMarketCap, the volume of Turkish exchanges Paribu, Btcturk and Koinim in the last 24 hours has increased by more than 100 percent. In absolute terms, the volume of Turkish cryptocurrency market is still small. For example, the volume of the largest cryptocurrency exchanges of the country – Btcturk, make up only 11.6 million dollars.

The Turkish Lira reached a record level against the dollar. Among the reasons cited concerns about the economic policies of President Recep Tayyip Erdogan, his conflict with the President of the United States Donald trump and doubts that the Turkish government can repay the debts of the country. The catalyst was the fact that Donald trump has doubled duties on steel and aluminium from Turkey — up to 50 and 20% respectively.

In response to the depreciation of the national currency Erdogan urged Turkish citizens to exchange dollars, euros or gold for Turkish Lira, to support her.

The post Turkish cryptocurrency platforms warn about greatly increased appeared first on FineCrypto.

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TRON official statement about the acquisition BitTorrent

Rumors about the acquisition of Justin San, the founder of TRON, the company of BitTorrent Inc., the operator of the popular torrent client uTorrent, went a long time. But today, 24 July, finally got the official letter in which he confirms the fact of purchase and shares some thoughts about the future of both projects.

The BitTorrent Protocol was launched in 2001 and in his letter Justin San gives it justice calling it “the Genesis of decentralized movements”:

Bittorrent is a […] the first decentralized Internet Protocol with large-scale global application, which, even today […] retains its status as the world’s largest decentralized Protocol by generating 40% of all Internet traffic.

San also said that BitTorrent and TRON will be combined into one project. In today’s letter emphasized the common vision of these projects, and this is not surprising, since this is about the torrents was still in Wallpaper TRON.

Read also – Why Tron (TRX) bought BitTorrent? The opinion of the co-founder of BitTorrent

At the moment TRON (TRX) took 11th place in the ranking of crypto-currencies and is trading at 0.04$ , and the total capitalization of the project is 2.3 billion dollars.

The post TRON official statement about the acquisition BitTorrent appeared first on FineCrypto.

FineCrypto

The statement “the Big twenty” about the cryptocurrency

In the joint statement of Finance Ministers of the group of twenty stated that they are “skeptical optimism” watching the development of cryptocurrencies and their influence on the global economy.

In a new communiqué issued on the results of the G20 meetings in Argentina States that “technological innovations, including the underlying cryptocurrency can bring substantial benefits to the financial system and the global economy”.

The report also emphasizes the nature and volatility of the market, which currently resembles the “Wild West”, but it is noted that the cryptocurrency “raise topical issues of protection of consumers and investors, market integrity, tax evasion, money laundering and financing of terrorism”.

The Finance Ministers did not specify what benefits the global economy can give cryptocurrency and noted that the cryptocurrency that is decentralized, “do not have key attribute of sovereign currencies”.

G20 say they will continue studying the long-term impact of cryptocurrencies for the global economy, and will actively follow developments in the cryptocurrency space.

Although cryptocurrency assets in real time do not represent risks to global financial stability, we remain vigilant. We welcome the initiatives of the FSB and SSB and hope that they will in the future continue to monitor potential risks that are cryptocurrencies. We reaffirm our commitment to the obligations accepted in March related to the implementation of standards FAFT, FAFT and we ask to specify by October 2018, as their standards are applicable to cryptocurrency assets.

In March, the G20 leaders decided to gather more information on the impact of cryptocurrencies, before considering the introduction of any regulation.

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FineCrypto

SVK CRYPTO PODCAST 168 – 25/06/2018 – Everything you need to know about EOS Block Producers with EOS 42!

https://www.podbean.com/media/share/pb-3ufbn-93f404

Thank you to David Packham the head of strategy and community at EOS 42 for coming on the podcast and talking about some controversial topics surrounding the frozen accounts, EOS constitution and more!

Website: https://www.eos42.io/team/

Twitter: https://twitter.com/eos42io

Welcome to the SVK Crypto, 15 Minutes of Crypto Fame, brought to you by your host, Charles Storry. We provide daily cryptocurrency content and analysis on topics such as Bitcoin, Ethereum, Altcoins and ICO’s.

We not only produce our daily content we feature CEO’s of all exciting ICO’s! Stay tuned to find out more!

If you’d like to stay in touch or get more info from me, please SUBSCRIBE to the channel and spread the good word!

Follow us on Twitter: https://twitter.com/SVK_Crypto

Visit our website: http://www.svkcrypto.com

Email us: cstorry@svkcrypto.com

Telegram: https://t.me/SVKCrowd

SVK Crypto – Daily News Blog