Telegram Goes for Its Own Digital Currency?

Recently a former employee of Telegram messenger Anton Rosenberg said that Pavel Durov may issue a cryptocurrency to support Telegram monetization.

 

 

 

 

 

 

 

 

According to various sources, this new cryptocurrency might be called TON or Gram, and Telegram blockchain will easily scale, provide the opportunity to create smart-contracts and use Proof-of-Stake protocol.

Pavel Durov, founder of Telegram, commented that gossips on his Twitter:

Anyway, the only thing we can do is to wait for the official information on telegram.org

Depository Network: The Common Thread Between Traditional Lending And Blockchain

Are you ready for another revolutionary project that solves a bunch of issues for crypto users? If so, then, make yourself comfortable and enjoy the world’s first decentralized multi-platform for collateral assets. Let’s discuss Depository Network and see who were the people that helped to create this blockchain “masterpiece”.

Depository Network: what is it all about?

Depository Network is a first depository for collateral assets worldwide. It is safe, decentralized, and blockchain-based. It provides a pledge system where you can create your own collateral platforms, tens and hundreds of them. If you are a holder of the token or coin backed by Depositary Network, you can guarantee your assets as a deposit and get a loan. And vise versa, any lender can make up his\her own depositary, where he/she will be able to accept digital coins as a monetary deposit. Everyone gets benefits, this make the platform more attractive to crypto-related people.

There are two types of collateral contracts, namely DEPO Smart Contract  and DEPO Escrow Contract. They are designed for the following networks: Ethereum, EOS, Cardano, Qtum, Lisk, etc. There is no mediator and the contract requires at least three signatures. If you more information about the process, then immerse into details here.

Team and Advisors

Now,  let’s move to the “juiciest” part – people who created Depository Network and who supervise the whole process. First, we want to introduce some members of the Team.

Svetoslav Dimitrov (CEO & Co-Founder) is top legal professional, who worked at best Bulgarian law firms. His experience exceeds 15 years, his new vision on implementing traditional legal institutions into digital space helped him to create Depository Network.

Dimitar Kostov (Technology Board Member and Investor) is a genius of management with more than 20 years of experience. He also leads VMware (NYSE:VMW).

Martin Kuvandjiev (Technology Board Member) is one of the creators of Bitcoin Gold, winner as leader of project “Valkirye” at NASA Space Apps Challenge Competitions 2015.

The Team consists of 10 people who are, as you can see,  well-skilled and good at their job. They are literally a “dream team” for creating such an innovative platform. They know what they are doing, and this confidence makes the project superb.

Advisors of Depository Network also include 10 people who have experience of more than 25 years, They work as advisors in many firm and companies worldwide, their knowledge and perfectness lead the project to the best one on the whole planet.

Ivo Gueorguiev is an entrepreneur worked in the top companies worldwide, he had 25 years of experience in fintech under his belt. Now he is a member of the boardship of Banca Transilvania.

Jos Uitdehaag is a senior expert of law projects in European Commission, 15 years of working with international platforms. He is an advisor of International Monetary Fund, key expert in World Bank Group.

ICO details

The project will conduct an ICO in November-December of this year. The total token supply is 3 billion DEPO, the price of token is $0.02. The soft cap is $2.6 million, whilst the hard cap is $15 million. 70% of tokens will be distributed at the token sale, 15% will be retained by DEPO Reserve, another 12% will go to further team development, and the other 3% will go to bounty program and ICO marketing.

If you are interested in this project, please visit their official site and get more information there.

The Coin Shark does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions. The Coin Shark is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the article.

The SEC Creates a Special Department to Keep an Eye Open for ICOs

The US Securities and Exchange Commission came out with a press release announcing the opening of the FinHub, a brand-new subdivision of the agency.

The main tasks of the Hub will be:

  • giving a chance to the general public to communicate with the SEC regarding fintech questions;
  • spreading information related to fintech;
  • announcing all the major events in the sphere of fintech
  • publishing all new fintech regulations and decisions of the SEC
  • serving as a linking point of various internal and external financial regulators;
  • etc

As said by the head of the newly emerged department:

By launching FinHub, we hope to provide a clear path for entrepreneurs, developers, and their advisers to engage with SEC staff, seek input, and test ideas.”

Since ICO is a major fintech activity, it will also be under the strict control of FinHub.

We remind you:

SEC’s ETF Decisions Will Come Out In October

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The U.S.-China Trading War Influences Cryptocurrency World, Bitmain Suffers Most

Not long ago, we discussed that Bitcoin was in danger, since Chinese authority was able to attack it any time. The US decided to keep up with opponents and stroke the crypto world of China, namely crypto asset industry.

These two countries are currently in a state of trading conflict, introducing tariffs on goods traded with each other. In June the USA changed the classification of ASIC miner, called Antminer S9, in a way that Chinese miners can be at a loss. That month the “electrical machinery apparatus”, the given category to the ASICs, had a 2.6% tariff.

Later in August, the tariff raised by 25 per cent. At the moment, Chinese mining producers deal with the fee of 27.6 per cent on their US shipments.This action has a colossal impact on Bitmain, the company based in Beijing and being the biggest Chinese mining hardware maker.

Bitmain tried to cope with the pressure by filing for a Hong Kong IPO. It could reportedly rise $3 billion. The company’s filing also mentioned the fact that about 62.8% revenue came from overseas in first half of 2018, though there was no comment on how many sales had come from the US.

The crisis came to Bitmain at a very bad time. IPO filing showed the company’s turnover dropped in second quarter of 2018 drastically, losing about $400 million in compare to $1.1 billion net profit in the first quarter.

One of the analysts, Mark Li, reckons the US tariffs aim at making Chinese hardware less competitive than opponent ones produced in other countries. He also added that Bitmain’s boardship is more aware of technology arms race, where the company is falling behind

The cold trading war between China and States can last for a long time, yet no one is sure how much loss or profit it can bring, we are only able to watch and wait. Now we want to remind you

Mining Complexity: What It Is and Where It Will Get

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New Video Player Technology That Rewards Users for Their Attention

Genesis player

Genesis player promotes the latest blockchain projects and rewards viewers with tokens directly through the player. The tool, which can be easily embedded across the web has been quickly adopted by multiple crypto projects looking to build their community and reach investors through the power of video.

With close to 100,000 existing user accounts, crypto enthusiasts and investors can learn about new projects by watching promotional videos. Users can earn between $3 and $5 each view, from an airdrop completed directly through the player. These videos are syndicated across the web, and available on CryptoNow.tv. Users can visit cryptonow.tv and browse featured videos to earn tokens. There is a total of $400k worth of tokens available in total from over 10 promising projects.

You can earn 5 iCash tokens worth $5 by watching all of the video above and signing up for GenesisPlayer. Simple!

Users can also earn an additional 10% through an inbuilt referral programme by sharing the video once they have signed up and claimed tokens. The system is backed by ‘Proof of View’ technology which stops any cheating and users skipping.

Some of the current projects using the Genesis player technology to power their community include iCash, Vreo, Smartree, CoinAnalyst, Autobay, INDX and Fanfare.

GenesisPlayer was built on the Verasity Protocol and was developed out of a successful ICO and the Verasity team understanding the importance of projects needing to build an engaged community and the power video has in selling the potential of a project. Find out more at Verasity.io

The Coin Shark does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions. The Coin Shark is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the article.

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The Blockchain-Based Platform of Telegram Is Almost Ready

Telegram (cosmonaut)

As reported by the news media Vedomosti, the first news about the upcoming release of the blockchain of Telegram Open Network (TON) appeared in September and were privately sent to the major investors.

The project is approximately 70% ready. The main component, Virtual Machine, is fully completed, meanwhile, the developers are finishing up with the actual blockchain: the structure for creating new blocks and storing data in them.

Pavel Durov, the founder of Telegram messenger, and his team managed to raise almost $2 billion for this platform. It will be functioning some time at the end of November.

We remind you that the first stage of this blockchain, the Telegram Passport, which is a verification and authentication service, successfully went live in July.

Telegram Launches Passport Authorization Service

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Roubini vs. Buterin: Why Did Their Conflict Reach Live Debates and What Does McAfee Have To Do With It?

The conflict between two titans of the financial world – Nouriel Roubini and Vitalik Buterin is gaining momentum.

Forbes editor Laura Shin invited famous personalities to move from Twitter skirmishes to real live debates. Roubini and Buterin refused to cooperate with Shin, but they did not abandon the idea to talk live.

Where did it start?

As we reported earlier, an American economist Nouriel Roubini expressed a tough view of decentralization and the creator of Ethereum, Vitalik Buterin, on the Twitter account comparing him with a dictator and saying that “Decentralization in crypto is a myth. It is a system more centralized than North Korea ”.

After Buterin replied to Roubini that the above mentioned statement  is not “a fair characterization”, a long verbal skirmish began with personal attacks:

Conflict development

The more time passes, the more disagreements appear. Arthur Hayes, one of the founders of BitMEX crypto exchange, joined this “dialogue”, proposing to hold a discussion and pay all costs. Nouriel Roubini answered to this proposition no less harshly than Buterin, calling BitMEX “a criminal scam”.

Nevertheless, Roubini wrote on Twitter that he would be happy to discuss with Buterin in live mode. To which Vitalik replied: “Yeah sure why not.” For this purpose, they chose their own moderator, Kevin Pham, who is known not to support either of the sides. Laura Shin’s proposal to become a moderator was rejected because Roubini  have no interest to interact with @laurashin as he considers her biased.

What’s next?

Such a prominent event in the crypto world could not be ignored by the well known crypto personalities. John McAfee, who likes to be in the heart of events, has comically commented on this situation on his Twitter page. We think McAfee would be a good moderator, he would definitely give a sting to this debate.

Jokes aside, such “verbal duels” should end sooner or later, and we hope the live debates will help the opponents understand each other and find a common language.

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