ICON Foundation Announces $600,000 Incentivization Plan Towards Public Representatives Elections 10808

ICON Foundation

ICON Foundation is pleased to announce that it will be incentivizing community members to prepare for participation in the upcoming Public Representative (P-Rep) elections with a giveaway of 3 million ICX tokens. The giveaway will take place during the pre-voting period, which will run for 30 days from August 26 to September 24.

Why Run a Pre-Voting Period?

The pre-voting period serves two purposes. Firstly, it provides an early opportunity for the ICON community to become involved in the process of staking and voting and be rewarded for doing so. Furthermore, the giveaway of 3 million ICX tokens helps to distribute voting power throughout the ICON Network. Diluting the percentage of the network owned by the ICON Foundation, thereby promoting decentralization and providing more voting influence to ICON Network participants.

Secondly, the pre-voting period provides an opportunity for the ICON community to balance out votes between all P-Rep candidates. This will serve to stabilize the ICON Network by avoiding the centralization of power in the hands of just a few representatives at the point of launch. For this reason, ICON is actively encouraging all members to spread their delegation across multiple P-Reps.

Speaking of the pre-voting period, Min Kim, Council Member and Founder at the ICON Foundation stated:

“We are very excited towards the upcoming P-Rep elections. We have been working on it together with the community for a long time. With the giveaway, we expect not just to re-distribute 3 million ICX for better decentralization and voting capabilities, but we also hope to encourage current ICX holders and ICON community members to transfer their coins to ICONex wallet, so they can properly stake and participate in the upcoming P-Rep elections.”

How ICX Holders Can Participate in Pre-Voting

Anyone holding ICX tokens during the pre-voting period is eligible to participate. Participants can earn their share of the 3 million ICX giveaway by staking and delegating their tokens to their chosen P-Reps.

During August, the ICONex wallet will be updated with a new user interface, which will enable the voting process once it officially opens on August 26.

Within the ICONex wallet voting interface, ICX holders can simply specify the percentage of their ICX tokens they wish to stake in the overall vote. From there, they can vote for up to 10 P-Reps per wallet, and choose how much of their staked ICX they wish to delegate to each of their chosen P-Reps.

Subsequently, participants share of the ICX giveaway will be sent to their ICON wallet.

ICON has published a full tutorial including a step-by-step guide to the staking and delegating process. The ICON YouTube channel also contains a dedicated playlist for the ICONSENSUS voting process which includes videos from P-Rep candidates. ICX holders wishing to vote are encouraged to review a wide range of candidates and spread their votes accordingly.

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Fraudulent use of Bitmain by Mangocoin (MGC) 11549

Bitmain

Bitmain have recently become aware of the fraudulent use of the “Bitmain” brand in the sale of a product named “Bitmain Cloud Miner” and its use in the promotion of “Mangocoin (MGC)” on its website, APP and software. In this regard, we’d like to clarify the following:

1. “Mangocoin (MGC)” and its website, APP, social media accounts, WeChat groups, QQ groups, etc. are not business channels or platforms of Bitmain, and these have no connection or affiliation with us whatsoever.

2. The “Bitmain Cloud Miner” on any platform of “Mangocoin (MGC)” is not developed by Bitmain.

3. For the fraudulent use of the “Bitmain” brand and any imposters, we will resolutely adopt legal means to protect ourselves and our customers’ rights and interests.

4. We would like to remind our existing and potential customers to correctly identify the service provider when purchasing products, to sign up for or purchase anything online only after careful deliberation and stay alert to misleading promotions, illegal fund-raising, fraud and other malicious activities on the internet.

When some of these activities catch our attention, we inform the public about them through our blog, where there is section dedicated to such announcements. If you would like to report any such activities to us, please leave us a message here.

tZERO Awarded Patent For Technology Enabling Traditional Trading Systems To Be Anchored Into Public Blockchains 12999

tZERO, the global leader in blockchain innovation for capital markets, announced today it was awarded a patent by the U.S. Patent and Trademark Office for the Time Ordered Merkle Epoch (TOME) methodology. TOME is a base-layer technology that uses digital signatures to record and verify time-series data such as trades, executions and settlements. This technology enables low-latency systems, including traditional matching engines or private blockchain ledgers, to be anchored into immutable public blockchain ledgers.

The TOME system will allow tZERO to record incoming trades quickly and efficiently in a time-series, producing a hash at any time interval, which can be anchored on a public blockchain. With the technology behind this patent, tZERO is able to verify the existence of previous trades and simultaneously produce an auditable and immutable record of those transactions. This system provides valuable functionality to exchanges and trading venues required to report trade activity, as well as to regulators for audit purposes.

tZERO CEO Saum Noursalehi said, “This technology, which is synergistic with the patent that we announced earlier this year, has many use-cases in our ecosystem. It can be used in our suite of products, as well as licensed to companies across various industries that are seeking to maintain a tamper-proof and auditable record of time-series-based data. Today’s announcement showcases our technological leadership in blockchain innovation and underscores the strength of tZERO’s intellectual property and its growing portfolio of strategic assets.”

In conjunction with the patent tZERO was granted in January 2019, TOME can be utilized to link the settlement of tokenized blockchain-based securities on a public blockchain with legacy trading systems. Additionally, it can record and anchor the execution venue’s transactional data and the resulting on-chain settlement data into public blockchain ledgers. For example, off-chain trade data and on-chain settlement data occurring on an Ethereum mainnet can be combined and anchored into the Bitcoin blockchain for added resiliency, security and transparency.

Hong Kong-based Cathay Pacific Pioneers ULD Blockchain Technology 13338

Cathay Pacific

Hong Kong-based Cathay Pacific is the first airline to introduce blockchain technology to manage its ULDs in real time via a mobile app and will ultimately eliminate paper receipts, following a successful trial last year.

The first stage of the project began in July. It will initially focus on ULD transactions in Hong Kong and selected locations in the US before being rolled out across the entire Cathay Pacific network.

The carrier describes its blockchain-enabled system as a “single source of truth” that provides standard data and greater visibility for all concerned parties. Once all ULDs have the necessary sensors installed, it can become a total paperless solution.

Cathay Pacific e-cargo and digital enablement manager Calvin Hui, who initiated the project, said: “Using blockchain to establish a trustworthy ULD database across the network will not only assist with ULD management, but also improve the service quality and experience for our customers.

“The most obvious benefit we expect to see is having sufficient ULD stocks for our customers during peak cargo periods, because we will know where exactly to find our ULDs.”Cathay Pacific

US Capital Global Securities Announces Addition of Blockchain Technology Venture Capital Fund to Its Portfolio 12063

US Capital Global Securities, an affiliate of US Capital Global, is offering to accredited investors a $10 million equity investment in CityBlock Capital’s first tokenized venture fund, NYCQ Fund LP (the “Fund”), as the Fund’s exclusive placement agent. US Capital Global Securities recently added the Fund to its own expanding portfolio. The Fund has holdings in leading names in the FinTech and blockchain infrastructure arena, including Coinbase, Bakkt, Nomics, and Tagomi:*

Headquartered in San Francisco, Coinbase is a digital currency wallet and platform where merchants and consumers can transact with new digital currencies like Bitcoin, Ethereum, and Litecoin. Coinbase’s global revenue last year totaled approximately $520 million, according to Reuters.

Bakkt is a digital asset and currency exchange launched by the Intercontinental Exchange (NYSE: ICE). The company is expected to begin testing its two Bitcoin futures contracts on its platform on July 22 this year. Backed by a diverse array of big names, including Starbucks Corporation (SBUX) and Microsoft Inc. (MSFT), Bakkt aims to be a game changer in the cryptocurrency investment industry.

Nomics is a cryptoasset data company that delivers professional-grade market data APIs to institutional crypto investors and exchanges. It offers products and services that allow funds, fintech apps, and exchanges to access clean, normalized and gapless primary source trade and order book data. The firm also provides white-label market data APIs to exchanges.

Tagomi is an electronic brokerage offering prime services for investors of Bitcoin, Ethereum, and other digital assets. Tagomi provides a single touch point for digital asset trading at institutional operational standards, treasury management, transparency, custody solutions, and other services. Tagomi aims to make it easy to navigate the extremely fragmented global digital asset landscape.

“Combining low minimum investment amounts and early liquidity opportunities, the Fund gives accredited investors access to blockchain infrastructure investments normally available to institutional investors,” said Charles Towle, CEO at US Capital Global Securities. “Our firm is keen to back forward-thinking strategies at the frontline of the digital market era. The opportunity to participate in this $10 million equity investment in the Fund is still open to eligible investors.”

tZERO Crypto App Now Available On Android 12290

tZERO

tZERO, the global leader in blockchain innovation for capital markets, through its tZERO Crypto unit, announced today that an Android version of its recently launched cryptocurrency mobile app (the “tZERO Crypto App”) is now available. Investors who want to participate in the global cryptocurrency market will be able to buy, sell and hold digital currencies directly on their mobile phone through the tZERO Crypto App, rather than using more vulnerable, third-party exchanges for custody.

Initially, the tZERO Crypto App will support bitcoin and ethereum, two cryptocurrencies vetted for longevity, however, the company anticipates introducing additional digital assets to the app in the future. The iOS version of the digital wallet and exchange services app for cryptocurrencies was launched on June 27 and has been well received by users.

tZERO CEO Saum Noursalehi said, “We are excited to bring our platform to Android users, which we believe will significantly expand our user-base. The accessibility of the tZERO Crypto App is critical in our plan to provide an intuitive trading experience for all digital assets

tZERO Crypto is committed to compliance and safety and will utilize biometric authentication for added security and ease of use. Investors will also have access to tZERO’s unique private key recovery system to restore their funds and cryptocurrencies in the event that they lose their private keys or mobile phone.

The app is available for download on the Google Play Store. For more information on tZERO Crypto, please visit: https://www.tzero.com/crypto-app.

tZERO is a technology firm that was founded in 2014 with the goal of utilizing blockchain technology to revolutionize Wall Street so that financial processes could become less beholden to traditional institutional market structures and to bolster and enhance market integrity. tZERO is a keiretsu company of Medici Ventures, the blockchain subsidiary of Overstock.com, Inc..

Libra Launch Won’t Happen Until Regulators are Happy: Coeure 13094

Libra

Global regulators will not let Facebook launch its Libra currency until all their concerns, ranging from money laundering to financial stability, have been addressed and “a prolonged discussion” may be needed first, the man in charge of their response told Reuters. Facebook announced Libra — a new digital coin backed by four official currencies and available to billions of social network users around the world — a month ago, adding that it was hoping to launch as soon as next year.

Benoit Coeure, the European Central Bank board member who chairs an international working group on Libra, said Facebook’s global reach meant the cryptocurrency had to be safe “from day one” for its users, the financial system and authorities fighting crime.

“You’ve got to be safe, robust and resilient from day one,” Coeure said in an interview on the sidelines of a Group of Seven meeting in Chantilly, France. “It’s not a learning process: either it works or it doesn’t.”

Regulators fear Libra, which in its original design would let users transfer money using a pseudonym, may be used to launder money or finance terrorism. They also want to know what safeguards Facebook and the other 27 members of the Libra Association have in place to ensure they could withstand a run on reserves and that users’ privacy and ownership rights are protected.

This may involve a “prolonged discussion” among regulators on how to change existing national and international rules to cover Libra, Coeure said.

“Down the road we might find that there are gaps or inconsistencies that would require a prolonged discussion by regulators on how to do it differently,” he said.

“Authorities are not going to let any such projects happen before we have answers to our questions and before we have the right regulatory framework.”

Cryptocurrencies are subject to patchy rules across the world, with the technology remaining mostly unregulated. While some smaller countries, from Belarus to Malta, have brought in specific laws, major economies have tended to apply existing financial rules.

Coeure said his G7 working group on stablecoins will work on the matter until the International Monetary Fund’s annual meeting in October, when it will hand it over to the Financial Stability Board of global financial regulators. Facebook said earlier this week it would not proceed with the launch of Libra until regulatory concerns are addressed.