All posts by Thomas_Prendergast

What Is OmiseGo (OMG)?

What Is OmiseGo (OMG)?

                             

OmiseGo (OMG) is a decentralized cryptocurrency network that focuses on enabling financial inclusion and interoperability

between different platforms. As a scaling solution being developed on the Ethereum blockchain, the OmiseGo platform aims to facilitate transparent, peer-to-peer (P2P) transactions in “real-time.”

Facilitating “Self-Sovereign” Financial Services

According to its official website, the OMG network will facilitate globally accessible, “self-sovereign” financial services. The OMG platform may support several financial asset classes and software applications. OmiseGo’s developers have created a full-featured software development kit (SDK) that may be used to enable fiat and cryptocurrency transfers between different wallets. Users may also earn game credits and loyalty points – which may be managed with OmiseGo’s applications. OMG network users can securely access, manage, and conduct cryptoasset transactions with other users on the platform. Additionally, the OMG platform will provide a decentralized exchange “mechanism” to enable multi-asset, cross-chain interoperability. According to its developers, the proof-of-stake (PoS)-based OmiseGo network will be scalable and aims to achieve a high throughput (TPS) rate. 

OMG Network’s Clearinghouse Enables Secure and Fast Transaction Clearing

OmiseGo’s creators have developed a clearinghouse on the digital asset platform by using protocol consensus and writing Ethereum-based smart contracts that enable secure and fast transaction clearing. As noted on its website, crypto wallet providers may access the public OmiseGo platform via an open-source “white-label” SDK, in order to build functionality for trading crypto and fiat currencies on the OMG network.

“Bonding” with Ethereum Blockchain to Maximize Security

According to OmiseGo’s technical team, “bonding” to the Ethereum blockchain significantly improves the security of the OMG network. It also enables secure transaction validation and token custody. Notably, the OmiseGo team claims they can achieve “unlimited” scalability – as the OMG network could potentially process millions or even billions of transactions per second (TPS). In order to improve network throughput, the OmiseGo platform uses the Plasma architecture (a framework proposed by Vitalik Buterin and Joseph Poon for faster processing of blockchain-based smart contracts). As explained, the developers of the OMG network aim to create an interoperable platform for trading cryptoassets from different blockchains – including the Bitcoin (BTC) network. 

OMG Network Is Completely Decentralized

As a completely decentralized platform, the OMG network is not controlled by a central authority. In order to participate on the OmiseGo platform, users may acquire and stake OMG tokens. Staking allows token holders to validate transactions on the OMG network and receive compensation in the form of transaction fees. According to OmiseGo’s creators, the value of the OMG token will increase as the value and usage of the OMG network increases.

Decentralized Exchange Built Into OMG Network’s “Core Consensus Layer”

As mentioned on OmiseGo’s website, the OMG network will leverage the Plasma architecture, a well-researched Ethereum-based layer 2 scalability solution, to enable “low-cost” security and settlement for financial applications. Transactions on the OmiseGo platform are conducted through a decentralized exchange that is built into the network’s “core consensus layer.” Currently, the OmiseGo team is developing a DEX and a wallet software development kit (SDK) – which will serve as a key part of the OMG network’s financial ecosystem. According to its developers, the “live” OmiseGo platform will be a “performant” and highly secure PoS-based network that enables Plasma-based, low-cost transactions.  

OmiseGo Developers Are Founding Members of Ethereum Community Fund 

In February 2018, the Ethereum Community Fund (ECF) was established in order to fund the development of Ethereum-related infrastructure. As noted on EFC’s website, its founding members include the developers of OmiseGo, blockchain interoperability platform Cosmos, Golem, among others. EFC project’s advisors include Ethereum Co-Founder Vitalik Buterin and Vansa Chatikavanij, the CEO at Omise, the organization behind OMG network’s development. 

Backed By Investments from Japan’s Largest Bank

In mid-2017, Thailand-based Omise managed to raise $25 million through an initial coin offering (ICO). The OmiseGo project has also received investments from Thailand’s Bank of Ayudhya, which is part of the Mitsubishi UFJ Financial Group (MUFG), a $19 billion Japanese financial services firm.

OMG Network Still Undergoing Research and Development

In June 2019, Kasima Tharnpipitchai, the Director of Engineering at OmiseGo, confirmed that OmiseGo platform had not gone into production as it was still in its development and research stage. Tharnpipitchai clarified that businesses were not yet involved with the OmiseGo project and that only Omise’s partners, who are creating “value-added services”, were using the OMG network. He added that the current focus for the OmiseGo project involves working closely with strategic partners to ensure that the initiative is able to “delivery real value.”

OMG Network Not Ready for Staking Funds

Tharnpipitchai, a former senior software engineer at Github, revealed that with the present state of research related to the Plasma architecture and proof of stake systems, development has not reached the point where it’s useful to stake funds on such networks. Moreover, he explained that staking without “transaction value” is not beneficial to anyone. In the coming months, the OmiseGo team is reportedly preparing to implement the OMG network’s settlement protocol. During this phase, Tharnpipitchai claims the platform’s developers will have a better understanding of the “performance characteristics” of the OMG network.

Regulations Play A Key Role in the Global Financial System

In response to a question during an AMA session regarding regulations, Tharnpipitchai said that blockchain-based decentralized networks may benefit from certain guidelines. This, as he believes that regulations play “an important role” in the global financial system. He further noted that blockchain industry participants must help regulators better understand how crypto-related technology works – so that we can build safe and compliant digital asset networks.

Article Produced By
Omar Faridi

https://www.cryptocompare.com/coins/guides/what-is-omisego-omg/

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What Is Waves?

What Is Waves?

                                  

The Waves (WAVES) platform is an open-source, blockchain-based network for building and deploying decentralized applications (dApps).

According to its creators, the Waves platform allows developers to build software solutions that are compatible with the evolving Web 3.0 standard. As noted on its official website, the developers of Waves believe blockchain technology has the potential to significantly improve the efficiency of a wide range of routine business procedures. These may include processes involving supply chain management, developing tokenized economies, and building secure data transfer platforms.

Addressing the Blockchain Scalability Problem

By leveraging the transparent and immutable nature of blockchain technology, Waves’ development team intends to build a fast, secure, energy-efficient, and “versatile” financial ecosystem. The Waves platform uses the Waves-NG protocol to achieve fast transaction speeds and consistently high network throughput. As noted in its technical documentation, Waves-NG aims to solve the scalability problem by reducing transaction confirmation times to seconds – instead of minutes (like on the Bitcoin and Ethereum networks)

Waves Platform Supports 13 Different Types of Transactions

In order to provide greater flexibility and allow developers to build advanced dApps, the Waves platform supports 13 different types of transactions. These include alias, burn, and data transactions (among others). An alias transaction is a short and easy-to-remember name for a Waves address that cannot be deleted. As its name implies, a burn transaction is used to burn (or destroy) crypto tokens on the Waves platform. Meanwhile, a data transaction records data to Waves’ account data storage system.

Using the Energy Efficient Proof of Stake Consensus Algorithm

As mentioned on its website, the Waves platform uses a proof-of-stake (PoS)-based consensus protocol – as it requires a relatively small amount of computing power and electricity when compared to the energy-intensive proof-of-work (PoW) mechanism. The Waves network is able to maintain low transaction costs as it does not require “gas” to function and users are only required to pay a small transfer fee with the WAVES token. 

dApps Created Using “Purpose-Designed” Programming Language

As an open-source blockchain, the Waves platform allows developers to build scalable, enterprise-grade applications. According to its developers, the Waves blockchain uses “persistent” scripts (which execute in an automatic and trustless manner) to maintain the security of the network. dApps may be developed on the Waves platform by using a “purpose-designed” programming language, called RID

Fast Debugging Process, dApps Don’t Require “Variable” Gas to Run

As explained, dApps built on the Waves network do not require “variable” gas to run. The Waves platform also supports atomic execution, meaning that the output from dApps is only registered on the blockchain if all its associated scripts are able to run properly. Debugging or checking for errors in software programs is fast and “code ambiguity” does not affect the execution process. This, as Waves’ RIDE is a “strongly-typed” programming language.

Managing Private Keys with Waves Keeper

In order to support secure cryptocurrency transactions, the Waves team has created a browser extension, called the “Waves Keeper.” Users can install the extension in order to manage their private keys and conduct secure transactions on dApps and other Waves-based web services. Waves’ suite of products also includes a user-friendly and secure multi-currency wallet. In addition to supporting transactions in major cryptoassets including bitcoin (BTC), ether (ETH), and litecoin (LTC), the Waves wallet allows fiat currency (USD, Euros) transfers.

Waves Lab Focused on Developing Web 3.0 Compatible Technologies

The developers of Waves have launched a project incubator organization, known as Waves Lab, which aims to support application developers and blockchain startups. The management at Waves Lab intends to work with development teams that are focused on building decentralized technologies for the Web 3.0 standard. In order to accelerate the growth and adoption of crypto-related technology, the Waves Lab offers “financial, technical, and marketing support” to fintech startups. The Waves team also helps developers learn how to create dApps that are written in the RIDE smart contract language.

Vostok, a Blockchain Platform for Large Enterprises

Waves’ developers have created a separate platform, called Vostok, which allows large enterprises and public organizations to build blockchain-powered software. As noted on Vostok’s official website, the initiative was launched in order to develop “modern information infrastructure” for the rapidly evolving digital economy. In addition to leveraging blockchain technology, the Vostok project uses artificial intelligence, big data, neural networks, and internet-of-things (IoT)-based applications to collect and validate information. The Vostok platform has also been designed to help organizations perform predictive analysis and pattern detection and access distributed storage services.

Waves’ Developers Propose New “Decentralized Token Rating System”

In late April 2019, Waves’ development team proposed a new protocol for “decentralized asset verification.” According to Waves’ management, the platform’s community members and data providers such as BetterTokens will offer information regarding which crypto tokens are “safe and reliable. The Waves community will provide a “collective” rating score for token projects, in order to help investors make more informed decisions. 

Waves’ Developers to Focus on Creating Improve Trading Tools

On May 30th, 2019, Waves’ developers revealed that they would be prioritizing the development of new trading features on the platform’s DEX Client App. Instead of developing the Waves DEX as a “universal application”, the Waves team has decided to mainly focus on improving the trading process on the peer-to-peer (P2P) exchange. However, Waves’ management clarified that the platform’s flagship products such as its multi-currency wallet and token leasing option will remain “an integral part” of the DEX App.

Article Produced By
Omar Faridi

https://www.cryptocompare.com/coins/guides/what-is-waves/

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Ripple Avoids Securities Question in Motion to Dismiss XRP Lawsuit

Ripple Avoids Securities Question in Motion to Dismiss XRP Lawsuit

                             

 

Ripple has filed a motion to dismiss a lawsuit claiming it violated U.S. securities laws

by selling XRP. In a new filing posted early Friday, attorneys for Ripple pushed back on allegations made by XRP purchasers suing the company, its subsidiaries and executives. Notably, the motion to dismiss specifically claims that the plaintiff, Bradley Sostack, does not have standing to file a complaint, rather than address claims that XRP is a security.

In the motion to dismiss, Ripple states that the plaintiff failed to bring a case within three years of the initial offering (which would have been 2013), meaning the statute of repose expired; that the plaintiff did not “plausibly allege” that he purchased XRP during the initial offering; and that the plaintiff did not “plausibly allege” that any of the defendants actually sold the XRP that he bought. Notably absent from the motion to dismiss is a full-fledged argument over why XRP is not a security. Indeed, the filing only addresses the question in a footnote (footnote 19), which states that XRP is not a security “because it is not an ‘investment contract.'”

The filing goes on to say:

“Purchasing XRP is not an ‘investment’ in Ripple; there is no common enterprise between Ripple and XRP purchasers; there was no promise that Ripple would help generate profits for XRP holders; and the XRP Ledger is decentralized.”

The footnote also adds that “because XRP is a currency,” it cannot also be a security under law. The filing states that the court itself does not need to determine “whether XRP is a security or currency for purposes of this motion, which assumes Plaintiff’s allegation that XRP is a security.” The filing also states that “the federal Departments of Treasury and Justice publicly concluded that XRP is a ‘convertible virtual currency,'” in its “factual background” section. “This is consistent with the CFTC’s position that virtual currency is a commodity,” the filing states. “Nonetheless, Plaintiff alleges that XRP is a ‘security’ under federal and state law, … and that Defendants have offered and sold XRP despite its non-registration with securities authorities.”

Moving to dismiss

Ripple’s actual arguments focus on when the most recent case has been filed, with the first hinging around the fact that XRP entered the market in 2013.

The filing states:

“… under Plaintiff’s own allegations, Defendants offered XRP to the public throughout 2013 through 2015. Accordingly, the three-year statute of repose expired as of 2016 (three years after the sales cited in the May 2015 settlement) and in no case later than May 2018 (three years after the May 2015 settlement agreement in which ‘Defendants acknowledged that they had sold XRP to the general public,’ Complaint ¶ 25). The Securities Act claims in the Complaint, filed August 5, 2019, are therefore untimely and barred by the statute of repose.”

The filing adds that the plaintiff does not claim he bought XRP directly from Ripple or another defendant, but rather, “he was part of the ‘general public’ who purchased XRP through transactions in a two-week period in January 2018.” “The necessary inference is that he bought and sold XRP through a secondary trading exchange,” the filing says. The response also states that plaintiff’s consumer protection claims under California state law (rather than federal securities law) should be dismissed because the statutes require a securities claim. As a result, the response says, the complaint should be dismissed with prejudice

(meaning plaintiffs would not be able to re-file the suit).

“Leave to amend should be denied because amendment would be futile.”

Year-long case

Ripple’s filing comes a month and a half after the plaintiffs filed an amended complaint, alleging the company, affiliated entities and individuals violated both state and federal securities laws. The new complaint, filed by law firms Susman Godfrey and Tayler-Copeland Law, alleges that Ripple, its subsidiary XRP II, Ripple CEO Brad Garlinghouse and others violated securities law by selling XRP. In a first, the complaint borrowed from the U.S. Securities and Exchange Commission’s digital assets framework, drawing parallels between the SEC’s analysis for what constitutes a security and Ripple’s alleged actions. The case itself stretches back to early 2018, when XRP purchasers first began filing lawsuits against Ripple. The complaints alleged that Ripple sold XRP, using the proceeds to fund its operations. The cases were consolidated into the current form.

While the class has not been certified yet, Thursday’s filing is still the first time Ripple has had to respond to the substance of the complaints against it. At the heart of the matter is the question of whether XRP is a security. Some of Ripple’s detractors claim it is, one that is issued and managed by Ripple. The startup disagrees, saying XRP is a token created by Jed McCaleb (now at Interstellar), Arthur Britto and David Schwartz. It remains to be seen whether the case proceeds to a jury trial, or if settlement talks occur first. However, the filing notes that there is a hearing scheduled for early next year, and the attorneys say they are willing to argue the motion then.

Legal team shake up

Friday’s filing comes just days after Ripple brought Damien Marshall and Kathleen Hartnett, two lawyers with Boies Schiller Flexner LLP, on board to work on the case (a judge approved their appearance for the case on Sept. 17). They join Skadden Arps attorneys Peter Morrison, John Neukom and Virgina Milstead, who have been listed on the docket but whose names did not appear on the filing Friday morning. On Thursday night, former SEC Division of Enforcement director Andrew Ceresney also applied to join the case as a lawyer for Ripple. Ceresney is currently an attorney with Debevoise & Plimpton, an international law firm based in New York, and his name appeared on Friday’s filing. He previously represented Ripple against one of the previous class action lawsuits, filed by plaintiff Ryan Coffey, alongside former SEC Chair Mary Jo White. That case was voluntarily dismissed, and White’s work for Ripple appears to have ended around that time.

Article Produced By
Nikhilesh De

Nik is a business reporter at CoinDesk with a focus on regulators, lawmakers and institutions. He was previously a news, science, technology and community reporter and editor with The Daily Targum. His work has been featured in The Nation and referenced by The Washington Post, ZDNet, Gizmodo, NJ Advance Media and The Philadelphia Inquirer. He owns less than $20 in BTC and has no other crypto holdings.

https://www.coindesk.com/ripple-avoids-securities-question-in-motion-to-dismiss-xrp-lawsuit

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Wells Fargo’s Stablecoin ‘Faster, Cheaper’ Than SWIFT, Says Exec

Wells Fargo’s Stablecoin ‘Faster, Cheaper’ Than SWIFT, Says Exec

                               

Banking giant Wells Fargo says its blockchain for internal cross-border money transfers is faster

and more efficient than SWIFT, the global messaging system used by over 11,000 financial institutions.

Unveiled this week, Wells Fargo Digital Cash uses R3’s Corda Enterprise software to handle internal book transfers, when funds move from a payer’s account to a payee’s account at the same bank. “When we move money across the world and we need to exchange currencies, we have to go through third parties such as SWIFT and other banks,” said Lisa Frazier, head of the Innovation Group at Wells Fargo. “That’s a long process and every time there’s a connection with external parties, it takes time and energy and effort.” Using the digital cash would allow the bank to move funds 20 hours a day, up from only six to nine hours, five days a week when it relies on wire transfers and systems like SWIFT, Frazier said.

She told CoinDesk:

“It’s faster than SWIFT, cheaper and definitely more efficient.”

Today, for internal book transfers between branches in different countries, the bank needs to use SWIFT. This is not the case for domestic internal book transfers. The blockchain project, which will go into a pilot phase next year after a successful proof-of-concept, “will allow those locations to exchange digital cash among themselves,” Frazier said. As with rival megabank JPMorgan’s JPM Coin, Wells Fargo’s digital cash will be backed 1-for-1 with the analog kind. “We will hold the fiat currency, so it’s a stablecoin, and we will issue digital cash tokens. These tokens are placed into digital wallets and then those tokens are able to be exchanged,” Frazier said.

Parallel paths

Frazier said Wells Fargo has been avidly participating since 2016 in blockchain tests that she described as “external,” meaning other banks and financial institutions were involved. However, the bank has also been busy pursuing internal use cases for distributed ledger technology (DLT), she said. “I think the surprise is, we have found a really solid internal application for DLT on our book transfers. By doing this we are streamlining the book transfer process and are reducing the use of intermediaries that can cause a delay in settlement. Therefore we are widening the operating window for clearing of FX wires cross-border,” she said.

The stablecoin project also happens to be the first project the bank has built using the paid-for version of R3’s DLT, which Wells Fargo has now licensed — with more to follow on the platform, the bank added. SWIFT declined to comment, but the messaging system itself is collaborating with R3 on a number of projects, such as a proof of concept to connect the former’s gpi to the latter’s Corda to enable “off-ledger” payment settlement. The results of this PoC will be revealed at Sibos 2019. Corda Settler, the Corda Network’s open-source payments engine, has also been tested with the cryptocurrency XRP.

However, Wells Fargo scotched any suggestion the bank would be connecting its digital coins to anything outside its own internal payments systems. “R3’s Corda Enterprise was selected as the platform for our first enterprise DLT network, not CordaSettler,” said a spokesman for the bank. “Wells Fargo Digital Cash is an internal settlement service which will not be associated or connected to any other potential digital cash solutions emerging in the financial services markets today.”

Alex Lipton, a former bank executive, trader and quant, said Wells Fargo’s coin is potentially very useful for simplifying the “bank’s byzantine internal processes,” but not something that will see much usage outside the bank and a handful of close partners. “Large banks are so bad that they have to use SWIFT like everyone else, so in effect, they don’t differentiate between inside and outside of banks. So, a coin can help. But it is a sign of desperation,” said Lipton, now co-founder and chief technical officer at fintech firm Sila.

Another JPM Coin?

At first blush, Well Fargo’s digital cash may appear to be another JPM Coin, the much-vaunted technology built using Quorum, the privacy-centric version of ethereum developed by JPMorgan. Although initially intended for payments between clients, the coin will eventually be used to digitally fund enterprise blockchain projects such as on-chain debt issuances, JPMorgan executives have said.

JPM also boasts 344 banks on its Interbank Information Network (IIN), which uses Quorum to eradicate pain points in the way information circulates within foreign correspondent banking. Frazier played down any similarities between JPM Coin and Wells Fargo Digital Cash. “I think they are very different,” she said. Wells Fargo is not a member of IIN, but Frazier hinted at a long-term plan for interoperability.

She concluded:

“Eventually in the future, there will be interoperable networks. As these emerging technologies come out of a nascent stage all kinds of things can happen.”

Article Produced By
Ian Allison

Ian is a reporter at CoinDesk. Prior to that he covered fintech at International Business Times and Newsweek. He is the State Street Data and Innovation Journalist of the Year 2017. Ian purchased a very small amount of DAO tokens but did not reclaim them. He does not currently hold value in any digital currencies or projects.

https://www.coindesk.com/wells-fargos-stablecoin-faster-cheaper-than-swift-says-exec

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John McAfee – The Entrepreneur, Philanthropist, and Prankster

John McAfee – The Entrepreneur, Philanthropist, and Prankster

There are many sides to John McAfee. The Silicon Valley multi-millionaire, Entrepreneur, Philanthropist, the party animal, prankster, the international fugitive, presidential candidate, cybersecurity guru and now considered a crypto expert where his advocacy for many ICO’s is largely sought after. 

Back in the 1970s and 80’s John McAfee developed a serious drug habit, including while he worked as a programmer at NASA. He even “dealt” drugs for a while but says he has not touched drugs for 35 years. Some would argue but to me, he just seems to be high on life.

John McAfee pioneered anti-virus software bearing his name that is still used by millions of computers today. John said he created the McAfee anti-virus software in less than two days and 4 million people were using it within a month. He made his fortune when he sold his security software company. Over the years he spent millions on properties, fine arts, and vintage cars.

After the 2008 Global Financial Crisis, McAfee publically announced in 2009 that he lost most of his fortune. He did sell a Rodeo and a property in New Mexico but later said he was just “using” the media when he said he lost his fortune. He even staged auctions to try and fool the media. 

“I’ve had 200 lawsuits because my name is John McAfee. No, I did not lose everything. I wanted to stop people trying to sue me, MacAfee said. “No, I did not lose my fortune! I’m not that stupid.” 

 

The Seachange

Later in 2009, McAfee took a Carribean seachange and bought a home in Ambergris Caye, a little island off the Belize mainland where he lived with his what some call a harem of ladies, an entourage of armed guards and a pack of guard dogs. He also bought a secluded property, deep in the jungle in Orange Walk where he was working on a plant-based antibiotic. 

John had no expertise in this area but being the entrepreneur that he is, it was a topic that interested him greatly so he built a laboratory, hired a microbiologist to help manufacture what he believed to be the next innovation in health care. Perhaps the next wonder drug. 

McAfee – The Philanthropist

McAfee was happy in the fact he was also helping the locals by feeding poor families and providing them with jobs. The philanthropic part of his nature. It was either generosity or self-interest that prompted McAfee to also donate masses of equipment to the Belize police. Equipment consisting of guns, tasers, handcuffs, pepper spray, batons, etc. He even built them a police station in the town of Orange Walk. McAfee said they would often drive by his house waving their weapons and saluting with gratitude. “It empowered them,” he said. 

 

 

But then, McAfee was starting to ruffle some feathers as he was employing thugs and ex-criminals for his security team. He appointed himself as a crimefighter to chase off the local drug dealers and had some success. But his troubles really began when he refused to pay a bribe to a senior politician. 

He claims that the politician was probably close to $2 million a year out of pocket he was getting from the drug trade before McAfee threw the drug dealers out of the area, so the politician’s way of thinking was that McAfee owed it to him. At that point, the politician went away, all went quiet and McAfee thought that was the end of that saga. 
 
A week later when McAfee thought all was going well and he was on the verge of something with the development of his antibiotics project when the politician along with the Belize government caused a raid on his lab in 2012 by the police department’s Gang Suppression Unit for suspicion of manufacturing methamphetamine in his lab at Orange Walk. McAfee’s lab was destroyed. He says the raid was retribution for his refusal to be extorted by the government. 

He also claims the Sinaloa Cartel runs the Belize government and they want him to shut up as he knows too much about the corruption there. No law enforcement agency would corroborate his claims. 

Notably, no methamphetamine was found at the lab and he was never charged. McAfee abandoned the jungle and moved back to his home in Ambergris Caye. 

Many people of the town were working at the lab or collecting flowers for processing antibiotics, so they knew it wasn’t a drug lab, but they had to have some legal reason to obtain the warrant so the authorities arrested him with weapons charges. They then released him after they held him for hours in handcuffs. They also shot his dog in front of his eyes. McAfee is still seething at the injustice.  

Paranoia Or Preparedness

John McAfee has since had a meager lifestyle seeking out safe havens in which he feels he has total control of his surroundings. Some say John McAfee is paranoid, but he says “it’s not about paranoia but about being prepared”. Although he is the first to admit that maybe he must be a little paranoid to be able to develop the security software. (Tongue in cheek)   

Since he started McAfee, his software company, he has carried weapons for protection. McAfee says “I have no fascination with guns, I have a fascination with survival.”

The Prankster

McAfee is a renowned prankster so he created this satirical video on how to uninstall the McAfee Anti-virus software. Throughout the video, he makes light his harem of 7 ladies that lived with him in Belize and of his affinity with weapons and drugs. The company that now owns the software that still bears his name called the video ludicrous and said it has no basis in reality. 

When asked in an interview why he makes these bizarre videos, his reply at that time to the media who he considered his most recent enemy was, 

“Why not? Because I’m 67 and bored is one reason. It’s a lot of fun, I get to hang out with scantily clad cute gals is the second reason, and the third reason is, I  get to say something that the world will actually listen to that you can’t edit”.

 

 

The running theme in McAfee’s life is the danger posed by “others.” This is possibly why he was able to not only diagnose computer viruses before anyone else but also prescribe an antidote being the McAfee anti-virus. 

John McAfee’s consistent and passionate warnings about cybersecurity need to be heeded…

“Our freedoms are being restricted," he said. "Our security is being eroded, and we have no more privacy. If we lose privacy, we lose civilization and we will certainly lose our humanity.”

McAfee is quite the enigma and he probably summed it up best when he was asked…: 
How would you define yourself? Are you a madman? Are you paranoid? Are you an entrepreneur? Who are you?

“All of the above," McAfee answered. "I mean, I’m a mad man to some people because, I don’t follow the normal rules, you know, the drummer that leads me is an odd drummer. But I follow the sound.”

He has been involved in a tremendous amount of nastiness during his life but beyond that McAfee is charming. He speaks with a tone that alternates between confidential and menacing. He’s very polite and prone to physically taking people under his wing. He wraps his arm around them as he talks. He talks fast and when he talks about the things he cares about his voice cracks with passion. 
To be continued… 

 

ecosystem for entrepreneurs

 

 

Deb Williams
Market Manager for Markethive, a global Market Network, and Writer for the Crypto/Blockchain Industry. Also a strong advocate for technology, progress, and freedom of speech.  I embrace "Change" with a passion and my purpose in life is to help people understand, accept and move forward with enthusiasm to achieve their goals. 

 

 

 

 

 

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Japanese HR and Tech Giant Recruit Holdings Invests in Blockstack

Japanese HR and Tech Giant Recruit Holdings Invests in Blockstack

                     

Blockchain startup Blockstack PBC has received strategic investment from Japanese human resources giant Recruit Holdings.

U.S. startups look for Japanese partnerships

The Block reported the startup’s new funding on Aug. 22. As part of the investment deal, Recruit, which is currently valued at $50 billion, is purchasing Blockstack’s STACK tokens. Blockstack CEO and co-founder Muneeb Ali reportedly said that United States-based startups typically partner with businesses in Japan. Ali further discussed the advantages of conducting crypto business in Japan.

He said:

“Japan is a very interesting market for crypto because it has clarity around regulations. It is legal to own and trade crypto assets, but only those whitelisted by the regulators.”

According to the report, Recruit’s investment paves the way for Blockstack to expand into the Japanese market. 

Blockstack’s venture into Asia

Blockstack recently received its first funding round from Asian investors, according to the report. In Ali’s announcement, he made similar comments — expressing his view of Asia as a central crypto player and Blockstack’s desire to expand its base in the continent,

writing:

“Asia is an important market for Blockstack, as Asian countries have arguably the most significant penetration for both crypto users and developers. […] The Asian strategic round led by Hashkey and SNZ marks a new chapter, and we’re excited to expand our developer outreach and grow the Blockstack community and usage in Asia.”

Blockstack partners with Lambda School

As reported by Cointelegraph, Blockstack announced a partnership with the Lambda School earlier this month. The school offers courses focused on practical skills, while Blockstack will provide educational services on how to code its apps. Additionally, Blockstack will offer an earning option through its App Mining Program. At the time, Ali reportedly said: “This is the sort of program I wish was available to me when I was a student.”

Article Produced By
Max Boddy

Max Boddy is a reporter with a background in philosophy. When he’s not covering crypto news, Max can often be found experimenting in the kitchen or writing about League of Legends.

https://cointelegraph.com/news/japanese-hr-and-tech-giant-recruit-holdings-invests-in-blockstack

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Israeli Startup That Allows Offline Crypto Transactions Secures $4M

Israeli Startup That Allows Offline Crypto Transactions Secures $4M

                                

Israeli cybersecurity startup GK8 has reportedly developed the world’s first offline system

for transacting cryptocurrencies. The new system uses GK8’s proprietary cryptographic techniques that enable instant blockchain transactions of digital assets without any need for an internet connection, Israeli business news publication Globes reported on Sept. 18.

The company raised $4 million in a funding round led by Discount Capital, a venture arm of one of Israel’s three largest banks, Discount Bank, and Marius Nacht, a co-founder of cybersecurity giant Checkpoint. Other investors reportedly included EdenBlock, iAngels, IDEAL-HLS, StratX and the Israel Innovation Authority. As reported by Globes, GK8’s new cryptographic techniques allowed the company to develop a cold wallet with “hot wallet functionalities,” securing user funds from hackers and cyberattacks.

Unidirectional connection 

In a recent interview with Fortune, GK8 CEO Lior Lamesh described GK8's technology as "ledger agnostic," hinting that it can be used for Bitcoin (BTC) and other cryptocurrencies. According to Lamesh, G8K is capable of recording transactions on a blockchain in offline mode thanks to "unidirectional connection."  GK8’s technology is up and running, and is already being used by digital asset trading platform eToro. 

Fortune reports that GK8 was founded in 2018 by two members of an Israeli special defense unit that specializes in guarding the country’s digital assets. According to Silicon Valley-based crypto intelligence firm CipherTrace, cryptocurrency thefts reached $1.2 billion in the first quarter of 2019 — $500,000 less than what was stolen throughout the whole of 2018.

Article Produced By
Helen Partz

Helen is passionate about learning languages, cultures and the Internet. She has years of experience working at international online advertising projects. Growing interested in Bitcoin and cryptocurrencies in late 2017, she joined Cointelegraph as a writer.

https://cointelegraph.com/news/israeli-startup-that-allows-offline-crypto-transactions-secures-4m

TP

Complete Hybrid Automation Includes Video Channels, Conference Rooms and Augmented Reality

Complete Hybrid Automation Includes Video Channels, Conference Rooms and Augmented Reality

Markethive has been a vision of Founder and CEO, Thomas Prendergast, spanning more than 20 years of his Entrepreneurial existence offline and online. After much success in his previous companies, he saw what could be achieved for the betterment of all when the Blockchain and Cryptocurrency came on the scene. Although operational and experiencing rapid growth, Markethive has been in Beta for the past 4 years perfecting the system. Now his vision is fast becoming a reality with Launch imminent in just months.

Over the course of writing articles about Markethive and dissecting their products and services to give a better understanding of what this platform and system are all about and how it can benefit you, there are more facets of Markethive below, making it more unique and the next generation in Social/Market Media. 

Video Channel

Markethive’s video channel is a hybrid system. Similar in function to Youtube and Hangouts, but will also auto-upload your video to your other video channel accounts like our Roku channel, Youtube, Vimeo, and Facebook.

Channels allow you to create, curate and collate your own special thematic home for videos on Markethive. Create a Channel to give your viewers a destination to watch your videos, or set up a Channel to showcase videos from other Markethive members. Other people can subscribe to your channel, and the videos you add will show up in their news feed.

Image Sharing Platform

 Image sharing will be hosted on each member’s unique domains when we launch our exclusive CPanel option on our future TLD .hive. (Top-level domain -TLD). In essence, that means each member will have their own assigned domain with Hivesfeed.com  and will look like this… username.hivesfeed.com. 

The primary purpose of image sharing is for including images on your Newsfeed, blogs, capture pages, and your own WordPress sites. Image sharing will also have organizational directories and public to private authorization accessed for your Profile pages image directory.

Conference Rooms

Markethve’s conference rooms operate via the peer to peer via the blockchain, secure and private. Run with an avatar engine, accessed via an API so the room is branded according to you, includes whiteboards, desk sharing, and auto-schedule into your widgets and Google calendar.

The Google Calendar has been integrated into the Markethive Calendar for both time-management and scheduling Markethive events, webinars, and leads all auto-publish to your Google calendar in many of the services in the Markethive environment.

Markethive Enters The Race

I love this video with CEO Thomas Prendergast and CTO Douglas yates, not only explaining their backgrounds, the most important fundamentals of Markethive and what it stands for but also showcasing the incredible augmented reality of the three individuals talking. Fascinating… 

Copyright Directive

With recent legislation enacted in March 2019, namely Article 11 (link tax) and Article 13 This law is designed to stop users from uploading copyrighted content by forcing platforms to build massive filters or face huge lawsuits and fines.  Markethive simply gives you your own domain for all your content, videos and images to originate from. 
Solution
When you join Markethive you receive (for free) a CPanel control panel and WordPress system built into your assigned domain, a subdomain of hivesfeed.com AKA username.hivesfeed.com. This way you control all your content, without the worry or hassles of government overreach and anti-freedom regulations designed to stifle the start-ups and small entrepreneur.

Free System – Free Speech

All of this for free incorporated into a transparent blockchain system, the platform is completely decentralized delivering on our principles of privacy, transparency, and free speech.
We are not spying on you; shadow banning you; or terminating accounts, for any reason.

We Are All Entrepreneurs 

Reid Hoffman is quoted saying… 
“I believe every individual is now an entrepreneur, whether they recognize it or not”  

He goes on to say…
“The average job length these days is two to four years. (Gone are the days when people stayed in a job for 40 years.) So, that makes a person a Small Business. You are the entrepreneur of your own small business. How do you get to your next gig? How do you do your career progression? All these things now fall on the individual shoulders. And so, they’re essentially an entrepreneur.”

Summary

When you develop a proprietary suite of advanced, effective inbound marketing tools, News & PR sites and integrate the entire system into a LinkedIn, YouTube, FaceBook like social network and interface on the Blockchain, you have the world’s first entrepreneur business person’s social network. 

Then offer the entire system for free to the entire worldwide market of entrepreneurs. That includes small businesses, local businesses, regional businesses, global businesses, cottage industries, real estate agents, mortgage brokers, insurance agents, affiliate marketers, software innovators, musicians, churches, political platforms, political candidates, distributors, network marketers, innovators, and dreamers! Which one are you? 

 

 

ecosystem for entrepreneurs

 

 

Deb Williams
Market Manager for Markethive, a global Market Network, and Writer for the Crypto/Blockchain Industry. Also a strong advocate for technology, progress, and freedom of speech.  I embrace "Change" with a passion and my purpose in life is to help people understand, accept and move forward with enthusiasm to achieve their goals. 

 

 

 

TP

Messaging App LINE’s Crypto Exchange Goes Live for 80 Million Users in Japan

Messaging App LINE’s Crypto Exchange Goes Live for 80 Million Users in Japan

                                 

Messaging app LINE has officially launched a cryptocurrency exchange service

for its 80 million users based in Japan, days after the platform received final regulatory approval. The Shinjuku-based messaging provider, which is 73.36-percent owned by South Korea’s Naver, said in a statement on Tuesday that the new exchange, dubbed Bitmax, is now live with trading of five crypto assets: bitcoin (BTC), ethereum (ETH), ripple (XRP), bitcoin cash (BCH) and litecoin (LTC).

According to the statement, the service was introduced in stages from 3 p.m. Japan time on Tuesday and is available first on Android devices. It can be accessed via the wallet tab on the LINE mobile app and is also integrated with LINE Pay to provide an easier Japanese yen fiat on-ramp process. LINE said in the announcement it currently has 81 million monthly active users in Japan and 164 million globally. It operates the crypto exchange through LVC Corporation, a subsidiary, which was awarded a cryptocurrency exchange license by Japan’s Financial Services Agency on Sept. 6. BITMAX is available to residents of Japan with a LINE account. No fees are charged for trading, though a charge of 108 yen will be applied for deposits and withdrawals.

In terms of security, LINE said it utilizes a wallet developed by Palo Alto-based BitGo to segregate customer assets and store assets in a cold wallet, which is itself managed by a dedicated team. A strict KYC process is in place for new customers. Applicants can register their account with the app using an ID card and photographic capture, with a registered bank account and an ID or by mail. The new service will run separately from the company’s Singapore-based Bitbox, which has been in operation since July 2018 but excludes residents of Japan and the U.S.

Article Produced By
Michael Williamson

Michael Williamson is a content marketer who formerly worked out of Unbounced's Montreal office. A writer by day and a reader by night, he is loathe to discuss himself in the third persona, but can be persuaded to do so from time to time.

https://www.icogeeker.com/messaging-app-lines-crypto-exchange-goes-live-for-80-million-users-in-japan/

TP

Ether, XRP Rise to 1-Month Highs While Bitcoin Falls

Ether, XRP Rise to 1-Month Highs While Bitcoin Falls

                                

Demand for alternative cryptocurrencies has seen their performance rise

over the last 24 hours despite bitcoin’s (BTC) failure to take another leg up. It raises the question as to whether the “alt season”, a period where alternative crypto sees considerable growth regardless of BTC’s performance, is finally here. Ether (ETH) and XRP (XRP) rose between six to 10 percent on the day backed by solid demand seen in large 24-hour trading volumes.

The event marks a divergence from recent weeks with BTC’s dominance rating, a share of the total crypto market value, having hit a 30-month high above 70 percent earlier this month. That number has since dropped to 68.3 percent as interest in alternative cryptos begins to pick up once more. As seen above, both XRP and ETH experienced swift rallies in their price between 10 pm on Sept. 17 and 3:00 am Sept. 18, while BTC was down 1 percent over the same period.

Other notable crypto assets such as Stellar (XLM), Binance Coin (BNB) and Litecoin (LTC) are also up between 2.5 and nine percent. The total market capitalization of all crypto, excluding BTC, also rose by more than $5.4 billion over 24 hours, while total trading volume was up $7.2 billion. It could be a sign that investors are growing wary of any further potential gains in BTC’s growth and looking elsewhere, given that its price has remained within a $300 range for nearly 2 weeks.

Article Produced By
Michael Williamson

Michael Williamson is a content marketer who formerly worked out of Unbounced's Montreal office. A writer by day and a reader by night, he is loathe to discuss himself in the third persona, but can be persuaded to do so from time to time.

https://www.icogeeker.com/ether-xrp-rise-to-1-month-highs-while-bitcoin-falls/

TP

When you have 100 customers per Distributor