Hello Everyone, I know I had mentioned earlier that I would be doing these reports weekly, however, I had mentioned if there was a slew of information, that I would do an impromptu post just so things dont get stretched too far apart or some news is lost. That being said, I have decided to do an early post for now and will do a recap on Sunday to include any other news that comes up! Before reading the latest news, check out my previous three recaps which are quite full of information. They can be found here:
Please note, any comments I make about news events are of my own personal opinion. As always, I recommend every person to do their own due diligence and research each event when they find the chance! So lets get to it! (news is in no particular order)
A lot of people have been posting saying their funds 'disappeared' from their wallets, this is not the case. The NEON wallet has released the 0.0.5 version. PLEASE UPGRADE to this latest version as the older versions have been phased out and may show a balance of 0 and will not let you claim gas! The link to the wallet is https://github.com/CityOfZion/neon-wallet/releases This wallet has encrypted keys which a big step up in security.
NEO London Meetup on September 27th! ( https://www.meetup.com/London-NEO-Meetup/events/242798070/ ). This is a great initiative to begin development on the NEO platform and I hope things go very smoothly. Please do note that this event will not have any talks or core developers from the NEO team present, it is a community organized and run event!
Poloniex has listed GAS/BTC and GAS/ETH markets.https://twitter.com/Poloniex/status/908401865653735425 . It is really interesting that GAS was added before NEO was. As I always say, being added to new exchanges is great for liquidity as the coin is less susceptible to manipulation. There a rumors that this is just the first step and that NEO will be added soon. As far as I know, there is no proof of this and is still a rumor.
Korea. Speaking of being added to exchanges, the same rumor I mentioned last article of NEO being added to Korean exchanges is circulating with even more force. As I mentioned, there is NO PROOF of this, and should be treated as a rumor.
Da Hongfei interviewed on CNBC South Africa! There was some great discussion and Da cleared up a lot of misinformation about NEO, what the purpose of NEO is, and how it works. Please try to watch the interview if you can (am still searching for a link to the video) but in the meantime, check out this for some information: https://mobile.twitter.com/deenyotweets/status/908401724049817606 . What I really enjoyed about this interview is the clarification on digital identity being crucial to NEO's compliance with regulations and its use for REAL ECONOMIES to use NEO as well as the clarification that NEO is not a platform that solely will be used for ICOs.
Jamie Dimon, CEO of JP Morgan, stated that bitcoin is 'fraud' and that it won't last. Lets all just remember that this is one man's opinion, and that there are many others such as John McAfee who believe in bitcoin. Also, lets not forget that JP Morgan is part of the EEA. Honestly, I personally do not know why people went crazy after hearing this. To me it means nothing, just FUD.
On September 14th, INNO x Austrade China-Australia chain high-end exchange will be successfully held. Activities, the core members of the NEO Council, also to cloud founder Chen Rong and a number of Chinese block chain experts invited to attend the exchange. And the Australian delegation ADCA (Australian E-Commerce Association), the Australian Bureau of Standards, the University of Science and Technology, Sydney and many other block-chain project experts on the block chain in the global development of the exchange of seminars.
As important news on February 25 at 2:00 PM (UTC) will be the sale of chips Fetch.Al (FET) in Launchpad of Binance. A total of 1,152,997,575 FETs will be offered, each chip will have a value of 0.0867 USD, the prices in BNB will be fixed on the day of the sale, the format will be based on “First come first, served basis”, to participle people must already have verified their account and accepted the conditions to participate in this sale; since the Fetch.AL will not be responsible for any investment, all are under the user's own risk. Users from the following countries will not be able to participate in token sales on the Binance Launchpad platform: Afghanistan,Albania,Belarus,Bosnia & Herzegovina,Burundi,Central African Republic,China,Cote dIvoire,Cuba,Democratic Republic of the Congo, Ethiopia, Guinea, Guinea-Bissau, Iran, Iraq, Lebanon, Liberia, Libya, Malaysia, Myanmar, North Korea, Republic of Macedonia, Serbia, Somalia, South Sudan, Sri Lanka, Sudan, Syria, Thailand, Trinidad & Tobago, Tunisia, Uganda, Ukraine, United States, Venezuela, Yemen, Zimbabwe. It is important to stand out that the global cryptocurrency platform that provides a place for the trade of more than 100 cryptocurrencies, Binance, has decided to withdraw certain digital assets that do not meet certain parameters; these are CloakCoin (CLOAK), Modum (MOD), SAL (SAL), Substrate (SUB), Wings (wings). The coins and chips will stop trading on February 22 at 10:00 AM UTC any commercial order after the stipulated date will be eliminated. The platform has indicated that this action is due to breach of its parameters. And another one who bet on the cryptocurrency economy; on Thursday, February 14, the banking institution JP Morgan Chase, one of the largest banks in the world, announced the launch of its own cryptocurrency that will be known as the JPM Coin. This project will start its tests with a small number of institutional clients, once the results are satisfactory by the end of this 2019, it will be open to the public. This cryptocurrency will serve to make international payments between clients, it will not be money, it will only serve as a representation of the amount of money that a certain account has in the JP Mongar Chase bank. The head of the project, Umar Farooq, also announced that the cryptocurrency will be in all standard platforms. This action has baffled those who remember the statements of the bank's CEO, Jamie Dimon, who declared a few years ago that he did not understand how people gave value to something that has no value. To close with good numbers, as we know more and more people who dare and trust the Bitcoin economy, according to the figures of Kaspersky Labs, there is a 700% increase in the adoption of Bitcoin in the last 6 years. There are more and more businesses that accept payments in Bitcoin as transactions, and an approximate of 13% of the world population has used Bitcoin as payment method; this survey of Kaspershy Labs was conducted with more than 13,000 consumers from 22 countries where we can see that the countries with the highest inflation are those that have resorted most to this method of commercial exchange. These numbers are encouraging for a market that has struggled to gain the confidence of people, and despite the fall in their prices there are still people who bet because it can be a strong economy in the future, according to Coinmap data indicate that the acceptance increased by 70% in relation to December 2013.
BINANCE ARGUES JPMORGAN’S DUBIOUS CRYPTO PROJECT WILL SPUR REAL ADOPTION
In a new article from Binance Research, one of the world’s largest cryptocurrency exchanges deems JPM Coin a “stepping stone” toward mass adoption. By exposing large clients to a private blockchain structure, JPMorgan will indirectly increase interest in the wider crypto industry.
“The rise of this third generation of stablecoins may only be an intermediate stepping stone for cryptocurrency mass adoption. Stablecoins running on private blockchains will contribute to increasing awareness of the rest of the blockchain and cryptoasset industry in the long run.”
The question they set out to answer, whether or not JPM Coin can disrupt the stablecoin market, comes back as “very unlikely.”
“It is very unlikely that JPM Coin will disrupt the existing stablecoin industry in the near term owing to its permissioned, private nature. Currently, stablecoins issued by banks are designated to serve a specific purpose and as a result, do not directly compete with the existing stablecoins.”
WILL JPM COIN BE MADE AVAILABLE TO REGULAR CHASE USERS?
“JPMorgan Coin could be internal, could be commercial, it could one day be consumer.”
However, as CCN’s Josiah Wilmoth noted, the JPM Coin website specifically states they have no existing intention to issue it to the public. The token is currently unavailable to everyday consumers. JPM Coin reminds one of “E Coin” from USA’s “Mr. Robot” series. The “cryptocurrency” was used as a means to settle transactions within the bank’s massive holdings. Binance also concludes in agreement with Ripple Labs CEO Brad Garlinghouse: Ripple and JPM Coin are not currently in a competitive state:
“Overall, the two projects appear to have different focuses and potential applications in the short term. While there is currently no direct overlap on the functionality of the two initiatives, future developments on the reach of JPM Coin outside of its existing closed network will determine to what degree Ripple and JPM Coin will compete.”
If we categorize JPM Coin as a stablecoin, it takes very little effort for it to be the largest. As Binance writes:
“Based on J.P. Morgan’s position as one of the world’s largest banks, even a small portion of total assets locked as fiat collateral for JPM Coin could make the institution the largest stablecoin issuer on a blockchain measured by circulating supply and total market cap.”
JPMorgan moves up to $6 trillion in assets daily. The total market capitalization for all stablecoins is well under $3 billion. If JPM Coin represents just 1% of JPMorgan’s daily average, it more than doubles the market. But it’s not a stablecoin in the same respect that Tether or TrueUSD are. It’s not available to traders all over the world, nor even people outside of JPMorgan’s top client list. It’s not something you can take and redeem for Bitcoin. It, therefore, has no actual net effect on the stablecoin market. The purpose that existing stablecoins serve is not affected by the issuance of JPM Coin. Original from: https://www.ccn.com/binance-jpmorgan-token-a-step-to-crypto-adoption
JP Morgan CEO Jamie Dimon has become one of the most vocal opponents of bitcoin and other cryptocurrencies over the years, but it seems like he may be growing tired of answering questions on the subject. When Dimon was asked about bitcoin at the Axios Conference in LA, he said: “I never changed what I said, I just regret having said that. I ... While J.P. Morgan's Jamie Dimon has bashed bitcoin as a “fraud” the bank needs a way to transfer money at speed and for that, it can’t rely on old technology like wire transfers. “So anything that currently exists in the world, as that moves onto the blockchain, this would be the payment leg for that transaction,” said Farooq. Two months ago, CEO of JP Morgan, US banking and financial services company headquartered in New York City, Jamie Dimon angrily lashed out at Bitcoin and labelled it a fraud and a money-laundering tool. Let’s jog our memory for a minute. Dimon said in September, “It's just not a real thing, eventually it will be closed. I'm not saying ‘go ... Whether Jamie Dimon wants to admit it or not his firm was trading bitcoin-based notes after his statements. Further, over the past few years, JP Morgan cannot hide the fact that they are ... Binance Coin $ 27.31 7.18%. Polkadot $ 4.32 1.36%. Chainlink $ 9.60 2.58%. Bitcoin SV $ 169.56 1.39%. Crypto.com Coin $ 0.149494 1.72%. Alle Kurse. JPMorgan-Chef Jamie Dimon erneuert seine Aussagen zu Bitcoin und Blockchain . Startseite; Aktuelle Artikel im Überblick; Krypto; Bitcoin; JPMorgan-Chef Jamie Dimon erneuert seine Aussagen zu Bitcoin und Blockchain . von Tobias Schmidt. Am 7 ... There are various prominent individuals who loathe bitcoin and have been publicly vocal about it in the past. One such person is the CEO of JP Morgan Chase, Jamie Dimon.The BTC price bubble has burst but he is strangely not celebrating it after calling the largest cryptocurrency a fraud in the past. Paradigmenwechsel bei JP Morgan . In der Vergangenheit hatte die US-Großbank noch eine andere Meinung zu Bitcoin. Jamie Dimon ist seit 2005 CEO von JP Morgan. 2017 lautet sein Urteil über Bitcoin noch: Die Währung wird nicht funktionieren. Man kann kein Geschäft haben, in dem die Leute eine Währung aus dem Nichts erfinden können und ... JP Morgan Chase CEO Jamie Dimon used to call bitcoin “a fraud” but later regretted it. Now, his bank has reportedly accepted two bitcoin exchanges, Coinbase and Gemini, as clients. Funny enough, JP Morgan’s in-house Bitcoin cynic and CEO, Jamie Dimon, noted that his firm’s cryptocurrency could eventually see use in retail outlets. Bank Crypto Not A Threat To XRP? While this project may have an innocuous premise, many crypto commentators quickly took to Twitter to remark that Ripple’s services and the XRP Ledger’s function could come under fire. Tom Shaughnessy ... JPMorgan Chase: 180 Grad Wende bezüglich Bitcoin (BTC) Vor wenigen Jahren galten JPMorgan Chase und Jamie Dimon, der langjährige CEO des Finanz-Konzerns, noch als Krypto-Gegner, zumal der Bankenchef Bitcoin im Dezember 2017 als Betrugskonzept brandmarkte. Doch das Unternehmen hat sich als lernfähig erwiesen und 2019 mit dem JMP Coin eine Art eigene Kryptowährung gestartet, auch wenn diese ...
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