Winklevii propose a self-regulatory organization for cryptocurrency

Leo Zhang

By Leo Zhang

Gemini founders Cameron and Tyler Winklevoss put forward a proposal for a self-regulatory organization for the U.S. cryptocurrency industry. The proposal received positive feedback from CFTC Commissioner Brian Quintenz (see story below).

News

A proposal for a self-regulatory organization for the U.S. virtual currency industry
(Gemini)

"Below, we outline a proposal for the Virtual Commodity Association (the 'VCA'), an industry sponsored self-regulatory organization for the U.S. virtual currency industry, specifically virtual commodity exchanges and custodians (collectively, 'platforms')."

Japan's third largest utility tests Bitcoin on Lightning
(CoinDesk, by Alyssa Hertig)

"In a demo of its work, Chubu and Nayuta went so far as to show how a Lightning payment could be sent to an electric vehicle charger that, once paid, instantly turned on and began to energize a real-life vehicle."

Bitmain explores more sites for Bitcoin mining expansion
(Bitcoin Magazine, by Shawn Gordon)

"Having already expanded its China-based ASIC chip manufacturing into Switzerland and Canada, Bitmain is looking to add a facility to the Pacific Northwest region of the United States."

Binance Chain
(Binance)

"Centralized and Decentralized exchanges will co-exist in the near future, complementing each other, while also having interdependence."

Global art sales rose to $63.7 billion last year
(Bloomberg, by Katya Kazakina)

"The U.S. represented the largest marketplace, with 42 percent of sales by value, followed by China at 21 percent and the U.K with 20 percent. Last year’s total fell short of the 2014 peak, when sales reached $68 billion."

Facebook is being used to incite hatred in Myanmar, says UN
(MIT Technology Review, by Jamie Condliffe)

"Last August, military forces in Myanmar conducted operations focused on Rohingya Muslims. So far, it’s estimated that 700,000 Rohingya have fled to Bangladesh as a result. The UN is investigating a potential genocide in the nation."

Commentary

The ICO paradox - and how to fix it
(Sia Blog, by Zach Herbert)

"Sia’s token model consists of two tokens: Siacoin as a utility token and Siafunds as a revenue-sharing tokenized security. We believe this model better aligns our incentives for the long term."

An introduction to Decred - autonomous digital currency
(CryptoSlate, by Jacob Tuwiner)

"Here is the how the Decred mining rewards work: 60% of the block reward goes to miners, as they use energy for all of the computation, and 30% goes to stakeholders as a reward for using (staking) the network. Lastly, 10% of the block reward goes into a treasury fund and/or to the developers."

Unchained Episode with Preston Byrne and Angela Walch

Technical

A flash of insights on Lightning Network
(Medium, by Meni Rosenfeld)

"Together, these mean that in theory, a user can create a fixed number of channels that will last her a lifetime. She can receive her salary or payments through these channels, and send out payments back again through them, ad infinitum, without ever needing to close channels or create new ones."

Bitcoin Q&A: airdrop coins and privacy

Researchers say they’ve found serious security flaws in some AMD chips
(MIT Technology Review, by Martin Giles)

"CTS-Labs, an Israeli cybersecurity firm, says it has found multiple flaws in AMD’s Ryzen and Epyc processors that could let hackers who’ve already compromised computers access secure portions of the processors to install malware or steal sensitive data like encryption keys."

Cybersecurity's biggest challenges: Trust, cyber fatigue, and the battle over AI
(TechRepublic, by Dan Patterson)

"In terms of actual threats, base AI is going to be really interesting. It's interesting from a defensive stand point and from an offensive standpoint. So as the attackers think about new ways to leverage artificial intelligence I think that that's something that keeps me up at night because the game could start going very fast once both sides start to deeply significant automation."

Update

Storj share has been verified by Softpedia as 100% free from malware.

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