Autor Cointelegraph By Arijit Sarkar

Bitcoin book for American policymakers gets 5x funding on Kickstarter

Bitcoin book for American policymakers gets 5x funding on Kickstarter

Uverejnil používateľ | dec 19, 2021 |

A group of eight Bitcoin (BTC) enthusiasts launched a Kickstarter campaign to publish an educational book for America’s federal policymakers, to reduce their reliance on the traditional media narrative on cryptocurrencies. The campaign managed to attract $23,151 in funding, nearly five times the goal of $5,000. The book was conceptualized soon after the United States House of Representatives passed the $1.2 trillion bipartisan infrastructure bill, which mandates stringent reporting requirements for the crypto community. According to the authors: “We set out to write a book to help policymakers understand where Bitcoin users are from and what they care about. We want to dispel the notion that it’s a nerd money and show how it’s impacting so many people in America.”Possible Book Cover. Source: KickstarterThe Kickstarter was launched by Jimmy Song, a Texas-based crypto entrepreneur and a seasoned author. Other authors include Annaliese Wiederspahn, Gary Leland, Pete Rizzo, Amanda Cavaleri, CJ Wilson, Charlene Fadirepo and Lamar Wilson.As per the schedule, the manuscript for the Bitcoin book has been drafted and will be finalized by the end of 2021. By January, the authors intend to have the audiobook and paperback available for sale, which will be supported by a “book launch event in Washington DC to promote this book.”While the Bitcoin book authors have already accounted for the initial funding of $5,000 for the book’s production, the additional funding will be invested in the book’s launch party:“As authors of this book, we recognized that the impressions in Washington were far from the reality and sought to correct this perception.”Related: Fed chair Jerome Powell says he isn’t concerned about crypto disrupting financial stability in the USSupporting the Bitcoin book’s effort to demystify the ecosystem for the regulators, Federal Reserve chair Jerome Powell hinted at a lack of concern about crypto disrupting the nation’s financial stability. As Cointelegraph reported, Powell also said that stablecoins have the potential to scale, “particularly if they were to be associated with one of the very large tech networks that exist.”

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Uniswap v3 contracts deployment on Polygon approved with 99.3% consensus

Uniswap v3 contracts deployment on Polygon approved with 99.3% consensus

Uverejnil používateľ | dec 19, 2021 |

The Uniswap community has approved the governance proposal that sought deployment of Uniswap v3 contracts over the Polygon PoS Chain. The approval comes in the form of an on-chain vote that saw the participation of over 72.6 million users from the community.Uniswap Labs announced to deploy Uniswap v3 contracts based on the votes that reflected over 99.3% approval consensus and will be supported by a $20 million fund — $15 million for long-term liquidity mining campaign and $5 million for the overall adoption of Uniswap on Polygon (MATIC). The Uniswap community has voted to deploy v3 on @0xPolygon through the governance process. ⚡️ Uniswap Labs will deploy Uniswap v3 contracts within a few days. Stay tuned. pic.twitter.com/LwVLwEngPl— Uniswap Labs (@Uniswap) December 18, 2021In addition, Bjelic also announced it was the right moment for Uniswap to deploy on Polygon citing their position as “the second strongest DeFi ecosystem, right after Ethereum L1.” The entrepreneur also shared his willingness to incentivize Uniswap adoption, both financially and technologically.The proposal was published by Polygon CEO Mihailo Bjelic on Nov. 20 and was open for voting until Dec. 18, arguing that “deploying to Polygon PoS can bring a lot of benefits” such as user base growth, huge savings for users, higher user activity, higher revenue, market capture and return to the original DeFi vision.Source: UniswapPrior to on-chain voting for the governance proposal UP010, Bjelic released a set of consensus and temperature checks to identify the community sentiment behind the deployment of Uniswap v3:“The consensus check 17 passed with 44M (98.87%) YES votes and 500k (1.13%) NO votes. The temperature check 7 passed with 7.79M (~100%) YES votes and 101 (~0%) NO votes.”Related: Reddit co-founder and Polygon launch $200M Web 3.0 social media initiativeAs Polygon strives to maintain a competitive position against the Ethereum ecosystem, the community announced a $200 million initiative with Seven Seven Six, a venture capital firm owned by Reddit co-founder Alexis Ohanian. As Cointelegraph reported, the initiative will focus on supporting and hosting gaming applications and social media platforms built on Polygon’s infrastructure. Polygon explosive growth this year was supported by the launch of over 3,000 decentralized on-chain applications and other protocol launches and cross-chain migrations.

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SBI Group launches crypto-asset fund for Japanese investors

SBI Group launches crypto-asset fund for Japanese investors

Uverejnil používateľ | dec 18, 2021 |

Tokyo’s biggest finserv firm, SBI Group, will now allow general Japanese investors to purchase cryptocurrencies via its newly launched ‘crypto asset fund’. The fund is composed of seven cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), XRP, Bitcoin Cash (BCH), Chainlink (LINK) and Polkadot (DOT). The crypto-asset fund, to be traded and operated by the SBI Alternative Fund, was established on Dec. 02 with a dedicated capital of 5 million yen, worth approximately $45,000 at the time of writing. However, the company may choose to release the capital in smaller break-ups of 1 million yen each. Source: SBIAccording to the official statement, investors will be required to go through an application process that includes an anonymous partnership agreement with SBI Alternative Fund prior purchases. The company’s reasoning behind this move states:“Since it is not suitable for all customers, it can only be purchased by customers who meet certain standards set by our company.”In addition, the crypto investments made by such anonymous associations will be handled by SBI VC Trade, a sister firm dealing with cryptocurrency trading. SBI also highlighted that none of the seven cryptocurrencies in the crypto-asset fund will exceed 20% in ratio. Assuring the longevity of the service, SBI has stated that the fund “cannot be canceled within one year,” between Feb. 1 2022 to Jan. 31, 2023. Investors will also be subject to unrealized capital gains taxes in addition to bearing other shared expenses including establishment and liquidation costs and audit expenses.SBI has set an age limit between 20 to 70 for this fund and will enforce a three-month locking period for every purchase “aiming to reduce investment risk by diversifying time.” The company will also rebalance the investment ratio allocation once every month.Related: SBI Holdings invests in Singaporean crypto exchange CoinhakoIn addition to contributing to Japan’s crypto adoption, SBI continues to spread its reach in other jurisdictions. Most recently, the company invested in a Singaporean crypto exchange named Coinhako.Coinhako received SBI’s funding soon after its received regulatory approval from the Monetary Authority of Singapore (MAS). As Cointelegraph reported, the investment was made via the SBI-Sygnum-Azimut Digital Asset Opportunity Fund, a fund jointly set up by SBI and Switzerland-based Sygnum Bank. Coinhako plans to “expand our business to other countries in Southeast Asia” by using SBI’s fund infusion and its pre-existing international network.

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Vodafone auctions world’s first SMS “Merry Christmas” as NFT for charity

Vodafone auctions world’s first SMS “Merry Christmas” as NFT for charity

Uverejnil používateľ | dec 18, 2021 |

British telco giant Vodafone has reportedly plans to auction the world’s first Short Message Service (SMS) in the form of a nonfungible token (NFT) on Dec. 21. The SMS, that reads “Merry Christmas”, was sent 29 years ago over the Vodafone network on Dec 3, 1992, and was received by Richard Jarvis, an employee at the time. The historic 15 character-long SMS will be auctioned off as an NFT in a one-off sale conducted by the Aguttes Auction House in France, according to Romanian news outlet Ziarul Financiar. By auctioning off the world’s first SMS in the form of NFT, Vodafone intends to redirect the earnings to the United Nations High Commissioner for Refugees (the UN Refugee Agency) for helping the forcibly displaced people.Source: Ziarul FinanciarThe advertisement banner above translates to “Merry Christmas. The world’s first SMS auctioned for charity as NFT”. Vodafone’s SMS NFT sale will take place this Tuesday on Dec. 21 via an online auction wherein the participants can place bids using Ethereum (ETH). The highest bidder will own exclusive ownership of the communication protocol that was used to transmit the world’s first SMS. Adding to the SMS’ glory, it took nine years for other networks to have Vodafone’s ability to transmit and receive SMS. This move of minting the world’s first SMS is another example of NFT’s ability to tokenize and digitally preserve history.Related: Adidas Originals to launch debut NFT collectionThe NFT ecosystem has catalysed crypto’s mainstream adoption as corporations find its use cases within their existing business models. Just last week, sportswear manufacturer Adidas announced the launch of an “Into the Metaverse” NFT collection. As Cointelegraph reported, the Adidas Originals NFT sale will be hosted on the company’s official website on Dec. 17 at a price of 0.2 ETH, approximately worth $810 at the time of writing.Just days before Adidas’ entry, Nike too acquired a virtual sneakers and collectibles brand RTFKT, signaling a strong interest in the metaverse.RTFKT is now a part of the NIKE, Inc. family. ‍ pic.twitter.com/5egNk9d8wA— RTFKT Studios (@RTFKTstudios) December 13, 2021

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SBI Holdings invests in Singapore crypto exchange Coinhako

SBI Holdings invests in Singapore crypto exchange Coinhako

Uverejnil používateľ | dec 15, 2021 |

Tokyo-based financial services giant SBI Holdings announced a joint investment in Coinhako, Singapore’s first licensed crypto exchange approved by the Monetary Authority of Singapore (MAS). The Coinhako investment was made via a fund jointly set up by SBI and Swiss-based Sygnum Bank, namely, the SBI-Sygnum-Azimut Digital Asset Opportunity (DAO) Fund, according to the notice.Speaking to Cointelegraph, a MAS spokesperson highlighted the importance of seeking licensing approvals for crypto businesses:“MAS’ approach to regulation under the Payment Services Act seeks to facilitate innovation while ensuring that adequate controls are in place to address key risks such as money laundering and terrorism financing.”Coinhako became the first crypto-asset exchange from Singapore to get in-principle approval from MAS to conduct Digital Payment Token (DPT) services, the same license application that Binance withdrew on Dec. 13. In this regard, MAS spokesperson told Cointelegraph:“Applicants are able to withdraw their applications should they see fit, upon which those who are operating under the exemption will be required to cease providing regulated payment services. Binance Asia Services has provided MAS with a plan for the orderly cessation of its regulated payment services.”With SBI’s fund infusion and a pre-existing international network, Coinhako plans to “expand our business to other countries in Southeast Asia while being based in Singapore.” According to SBI, the fund will be co-managed by both parties involved with a focus on financial market infrastructure and distributed ledger technology.Related: Singapore suspends exchange Bitget’s license over K-pop coin promotionThe Monetary Authority of Singapore suspended the license of Bitget after the digital asset platform listed a K-pop-related cryptocurrency, Army Coin (ARMY).Source: Facebook screenshotAs Cointelegraph reported, the listing and promotion of ARMY reportedly violated the boy band’s intellectual property rights without permission. Going on the offensive, the crypto exchange claimed to have licenses in other jurisdictions such as Australia, Canada and the United States, as it announced:“We are currently looking into the legal violations in this case, including the cryptocurrency’s infringement on our artists’ portrait rights without permission from or discussion with the agency. We will take legal action against all infringements and violations.”

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