GAO Report – FBI Face-recognition Database Consists Of 411 ...

OSINT investigation based on GAO report about firearm sales in Dark Web + Bitcoin tracking with Python

OSINT investigation based on GAO report about firearm sales in Dark Web + Bitcoin tracking with Python submitted by Mysterii8 to OSINT [link] [comments]

GAO report finds Bitcoin mainly used for money laundering, can easily be used to fund terrorists, and forms the basis of cybercrime. In other words, Great news for Bitcoin!

GAO report finds Bitcoin mainly used for money laundering, can easily be used to fund terrorists, and forms the basis of cybercrime. In other words, Great news for Bitcoin! submitted by wonderkindel to Buttcoin [link] [comments]

As of February 2014, only 14 out of 290,000 complaints in the Consumer Financial Protection Bureau database mentioned virtual currency or Bitcoin, according to the newly published GAO report.

As of February 2014, only 14 out of 290,000 complaints in the Consumer Financial Protection Bureau database mentioned virtual currency or Bitcoin, according to the newly published GAO report. submitted by taylortyler to Bitcoin [link] [comments]

WaykiChain (WICC) Monthly Report (September 2020)

WaykiChain (WICC) Monthly Report (September 2020)

https://preview.redd.it/nnuhfz6q01t51.png?width=700&format=png&auto=webp&s=15ce35581f2ebad02af140180f5a8b1fe7931f00
Technology & Products
Public Chain Development
· WASM AMPL contract debugging (100%)
· Research on WASM zero-knowledge proof anonymous transfer (50%)
· WASM Sushi contract coding (100%)
· WASM RPC iOS asynchronous library commissioning (100%)
· Verification of the signature push public key algorithm and testing its codability (C++, go) through RPC (100%)
· The new lock-up airdrop contract function: lock-up users can claim the unlocked assets by entering RegID (100%)
· Porting ASWAP contract to public chain 3.0, adding platform fee processing (100%)
· Optimization of Yield Farming contract reward distribution (100%)
· Optimization of Yield Farming contract penalty distribution mechanism (100%)
· Yield Farming contract testing (100%)
· Deployment and initial configuration of WICC and WGRT yield farming contracts and Wayki-X contract completed (100%)
· Ownership of issuance and transfer rights of the bottom-level token ROG transferred to Wayki-X contract (100%)
· The initial generation of ROG completed. 10.08M ROG entered the WICC pool, 2.52M ROG entered the WGRT pool (100%)
· The first 189,000 ROG was minted in Wayki-X contract for rewards by inflation (12.6M × 1.5%) (100%)
· Transfer of 70,000 ROG to AEX for Ecosystem Yield Farming completed (100%)
· WASM developer documentation: added detailed WASM table (Simplified Chinese) (100%)
· WASM developer documentation: added call of multiple contracts and multisignature transactions in WASM contract (Simplified Chinese) (100%)
Application Development
· Yield Farming back end API (100%)
· Yield Farming front end page optimization (100%)
· Yield Farming front end localization (100%)
· Yield Farming pre-release initial API docking (100%)
· Yield Farming application testing (100%)
· Yield Farming application release (100%)
· xUSD & ROG added to Instant in WaykiTimes Android (100%)
· Memory leak issue fixed in Instant in WaykiTimes (100%)
· Data loading error when swiping in Discover fixed in WaykiTimes (100%)
· Data display optimized in Getting Started in WaykiTimes
· UI debugging of several pages in WaykiTimes (100%)
· WaykiTimes 3.0.4 released (100%)
· WaykiTimes Help Center released (100%)
· WaykiTimes Getting Started released (100%)
· WaykiTimes remember password function released (100%)
· WaykiTimes iOS App Store version tested (100%)
· Google crash analysis and testing added to WaykiTimes Android (100%)
· Solved the data loading issue when swiping in Wayki-X Synths (100%)
· Wayki-X price feed delay fixed (100%)
· Amount issue in the plug-in wallet fixed (100%)
· Display error of release contract type of universal transactions fixed on the blockchain explorer (100%)
· WASM contract display specifications for the blockchain explorer completed (100%)
· Development of the Coinbase integration project (wicc-rosetta-api) (85%)
Plan for October
Public Chain Development
· Research on WASM zero-knowledge proof anonymous transfer
· Correction of ASWAP contract proof of liquidity token generation rules
· ASWAP contract testing
· Docking of ASWAP contract with third parties
· Continuous updating of coind RPC interface documentation
Application Development
· Trade — transaction details HTML5 page to native page transfer in WaykiTimes
· Development of the Coinbase integration project (wicc-rosetta-api)
Market
International Market
· On September 4, Russian volunteers opened the second WaykiChain Russian group in Telegram: https://t.me/waykichainrussian.
· On September 6, WaykiChain opened the official community in Discord: https://discord.gg/XyAkqa.
· On September 6, WaykiChain CTO Richard Chen was invited to the Blockchain + Innovative Service and Industrial Application Conference and the China Chamber of International Commerce Blockchain Innovation Service Industry Committee Establishment Conference as a member of the expert group.
· On September 11, the famous US blockchain TV program Exploring the Block tweeted about WaykiChain, showing it is optimistic about the future development of the integrated DeFi ecology of WaykiChain.
· On September 11, the famous business platform Yahoo Finance released WaykiChain project information and announced that WaykiChain CEO Gordon Gao gives an interview to NASDAQ MarketSite’s Jane King on September 12.
· At 7:00 PM EDT on September 12, world’s largest financial channel Bloomberg TV reported that WaykiChain CEO Gordon Gao was interviewed by Jane King of NASDAQ MarketSite. The interview aired on Fox Business Network at 10:30 PM EDT on September 14.
· On September 12, cryptocurrency Twitter account Crypto Catalog tweeted about WaykiChain, showing it is optimistic about the future development of the integrated DeFi ecology of WaykiChain.
· On September 13, DeFi List added WaykiChain governance token WGRT.
· On September 13, WaykiChain reached market cooperation with the Indian blockchain influencer Gmadvice who started to serve as WaykiChain community manager in India.
· On September 16, WaykiChain released “WaykiChain Launches Phoenix Yield Farming with WICC/WGRT Dual-pool for ROG Genesis Issuance” on Twitter. Up to September 21, the news hit 2,400+ retweets.
· On September 17, the cryptocurrency influencer DeFi List retweeted “WaykiChain Launches Phoenix Yield Farming with WICC/WGRT Dual-pool for ROG Genesis Issuance”.
· On September 18, WaykiChain reached strategic market cooperation with the Korean crypto influencer Pantera who will help WaykiChain establish a broad and strong consensus in Korea.
· On September 19, “WaykiChain Dual-pool ROG Yield Farming Korean Group” community established.
· On September 20, the influencer Crypto Wendy retweeted “WaykiChain Launches Phoenix Yield Farming with WICC/WGRT Dual-pool for ROG Genesis Issuance”.
· On September 21, 130+ Korean media outlets published “WaykiChain Launches Phoenix Yield Farming with WICC & WGRT Dual-pool for ROG Genesis Issuance”.
· On September 23, WaykiChain co-founder and CEO Gordon Gao was invited to an AMA session with ICO Pantera Group, Korea’s top Telegram group (stats by u/combot), where he shared his insights into DeFi with 4,000+ Korean users and introduced WaykiChain’s ROG Genesis Yield Farming.
· On September 24, WaykiChain tweeted “ROG Genesis Yield Farming FAQ” and “Leave your question/problem toward WaykiTimes/Wayki-X/ROG Genesis Yield Farming in the Google forms below to share 800 WICC Giveaway!”, the number of engagements is 1,500+.
· On September 24, WaykiChain global partner Vincent Lionheart was invited to an AMA session to D’va Community.
· On September 24, The Business Telegraph, Bitcoin Garden, and other media published “WaykiChain Launches Phoenix Yield Farming with WICC & WGRT Dual-pool”.
· On September 24, WaykiChain tweeted the ROG Genesis Yield Farming Countdown. The news hit 1,000+ retweets.
· On September 25, ROG Genesis Yield Farming news was the day’s hit in Korea with 5,000+ views on Korean cryptocurrency forums.
National Market
· On September 1, CoinTiger listed WaykiChain governance token WGRT and opened the WGRT/USDT pair. WGRT net buy & hold competition started and the CoinTiger community joined a series of WGRT-themed challenges.
· On September 1, WaykiChain governance token WGRT successfully mapped to Ethereum and ERC-20 WGRT was created. The world’s largest DEX Uniswap officially supported it and listed the WGRT/USDT pair.
· On September 2, WaykiChain Strategic Analyst Jing Tao gave the speech “WGRT Dragon, Fly, Tiger, and Leap: Community Governance Upstart” to the MXC community and distributed 3 gold bars to the event participants.
· On September 7, WaykiChain Strategy Analyst Jing Tao attended [This Is Coin Coffee] live DeFi contest co-sponsored by Coinka, fogwu.com, and tuoniaox.com. WEDEX founder & CEO, Loopring co-founder Chen Xiaoliang and ChainNews Research Director Pan Zhixiong joined the event.
· On September 9, Gate.io selected WaykiChain governance token WGRT for the Listing Vote. Each voter had a chance to share an airdrop of 420,875.43 WGRT. WGRT passed the voting with 53,293,775 votes and was successfully listed on Gate.io.
· On September 10, WGRT/USDT trading pair and WGRT withdrawals opened on Gate.io.
· On September 10, WaykiChain released WaykiChain Governance Token WGRT Information and Addresses. The team announced that before July 1, 2021, WGRT circulating supply will be strictly controlled at 10% of the total supply, or 2.1 billion.
· On September 9 to 11, WaykiChain was invited to IoT World China & 5G China along with 400+ exhibitors including Huawei, Baidu, and Tencent. WaykiChain demonstrated the integrated public chain DeFi ecosystem that will help China’s digital construction.
· On September 11, WaykiChain Strategy Analyst Jing Tao was invited to the Bepal community and shared the speech “WaykiChain Governance Token WGRT: Accumulation and Breakout”. WaykiChain airdropped 3,000 WGRT and cash red envelopes to the Bepal community members.
· On September 12, WaykiChain Technology & Development Manager Yuanhang Xiao and Strategy Analyst Jing Tao introduced [New WaykiChain DeFi Product: Decentralized Synthetic Asset Issuance Protocol Wayki-X] in the official WaykiChain yizhibo account. During the live broadcast, WaykiChain distributed pure gold bars and branded gifts to lucky users.
· On September 13, WaykiChain co-founder & CEO Gordon Gao and Overseas Director Qiyuan Mei shared the speech “WaykiChain Opens the Era of Integrated DeFi Public Chains” in the Gate.io live broadcast room. Gate.io CPO Jiuer was the broadcast host. The guests explained WaykiChain’s DeFi strategy and revealed the launch of Yield Farming.
· On September 15, WaykiChain CEO Gordon Gao and BTC38 co-founder Tianwei Huang held the live stream titled “Eight Questions to Explain DeFi Trends and Opportunities” in yizhibo. The hosts analyzed the status and trends of DeFi, discussed DeFi deployment by public chains and exchanges, and new opportunities in synthetic asset trading. WaykiChain distributed pure gold bars and branded gifts to lucky viewers of the stream.
· On September 16, WaykiChain Strategy Analyst Jing Tao shared the speech titled “WaykiChain’s Integrated DeFi Ecosystem Layout” as the guest of btcmoney.cc.
· On September 18, Bying community invited WaykiChain Strategy Analyst Jing Tao to share the speech “New DeFi Opportunity: Phoenix Yield Farming”. WaykiChain held a WICC airdrop for Bying community members.
· On September 18, WaykiChain published the article “No Pre-mining, ICO, or Reserve! WaykiChain Launches Dual-pool Phoenix Yield Farming”.
· On September 19, WaykiChain published the article “Chapter 1. The Financial Innovation of Blockchain Reformation. The Origin, Logic, and Value of WaykiChain ROG” introducing the background of ROG, the operation mechanism of the decentralized synthetic asset system Wayki-X, and the value foundation of ROG in detail.
· On September 23, “No Pre-mining, ICO, or Reserve! WaykiChain ROG Genesis Farming and Early Release Guide” was released across Chinese media.
· On September 24, WaykiChain CEO Gordon Gao, CTO Richard Chen, and CPO Xi Zhang held a joint live stream on yizhibo explaining the future planning of WaykiChain decentralized synthetic asset issuance protocol Wayki-X, ROG, and WaykiChain DeFi in terms of business model, technology, and products. WaykiChain distributed 1 pure gold bar and 6 branded gifts to the lucky stream viewers.
· On September 24, Gate.io and WaykiChain launched the WGRT Investment Competition. The prizes are a BMW G 310 R motorcycle, a 13” MacBook Pro, a 10.2” iPad, 17 pure gold bars and 99,000 WGRT.
· On September 25, various Chinese media released “Wayki-X 101: WaykiChain Decentralized Synthetic Asset Protocol” introducing the functions and mechanism of the decentralized synthetic asset issuance protocol Wayki-X and the value of its token ROG in detail.
· On September 25, WaykiChain launched the “Looking for the Genesis Prophet” community event. The winners received 10 branded gifts.
· On September 25, WaykiChain ROG Genesis Yield Farming launched. WICC and WGRT pool quotas (5 million and 25 million, respectively) were full within just one hour.
· On September 25, WaykiChain reached ecosystem partnership with AEX. AEX became the first platform to join ROG Ecosystem Yield Farming.
· On September 25, WaykiChain partnered with Bying wallet. ROG Genesis Yield Farming is available in Bying wallet.
· On September 26, ROG, the main token of WaykiChain’s decentralized synthetic asset issuance protocol Wayki-X, was listed on AEX. ROG/USDT trading pair is available.
· On September 26, WaykiChain CEO Gordon Gao gave lectures “DeFi Financial Principles and Commercial Applications” and “DeFi Industry Panoramic Scan” at The First Offline Practical Training Camp of Hash Power University, Shanghai Station. Participants included Ontology founder Jun Li, Chainlink Labs — China Head Philip Fei, Digital Renaissance Foundation Managing Director Cao Yin, and Waterdrip Capital founding partner Zheng Yushan.
· On September 28, WaykiChain co-founder and CEO Gordon Gao was a guest at Hash Power Knowledge Base Private Meeting, Shenzhen Station where he shared the speech titled “Feasible Ways of DeFi Application Popularization”. Other guests included Ontology founder Jun Li, DeBank founder and CEO Tang Hongbo, and Huobi Research Chief Technical Researcher Tianyuan Ma.
submitted by Waykichain to WICCProject [link] [comments]

Why does WaykiChain (WICC) soar after the start of 2020? With the advent of the bull market, how does WaykiChain perfect their Defi ecosystem and occupy the market?

As a world’s leading blockchain company focused on blockchain’s underlying technology and related ecosystem technology, WaykiChain owns an industry-leading public chain. Relying on the inherent technical advantages of blockchain and its superior R&D strength, WaykiChain is empowered with high-performance transaction processing capabilities (TPS3300), efficient mechanism of consensus (DPoS + pBFT), powerful smart contract, as well as the blockchain ecological decentralized control ability, WaykiChain can provide various major industries and key areas of vertical industry with infrastructure services and industry solutions.
At present, the bottom layer of the WaykiChain public chain has been continuously upgraded and optimized and has achieved significant success. WaykiChain stablecoin WUSD, which is developed on the bottom of the public chain, is one of the important infrastructures of blockchain finance promoted by WaykiChain. It is also continuously improving the potential of decentralized business development.
At 20:00 on February 14th, at the invitation of the “Bull Market Sharing Class”, Gordon Gao, the Co-Founder, and CEO of WaykiChain, made sharing of the theme “ Why does WaykiChain (WICC) soar after the start of 2020? With the advent of the bull market, how does WaykiChain perfect their Defi ecosystem and occupy the market?”
Gordon Gao Background: Gordon Gao, WaykiChain Co-Founder & CEO, an Alumni of Columbia University in New York, former Chief Data Scientist of Fishbowl in Wall Street, ex-Senior Data Analyst of Alibaba Group, a senior member of Mensa International Club, currently serves as WaykiChain CEO. He is responsible for offering support to WaykiChain commercial model designing and strategy planning, building up a digitalized monitor system for products and operation and promoting WaykiChain overseas market with his international background.
The Following is the content of sharing from Gordon Gao:
1.WaykiChain is a third-generation blockchain commercial public chain that aims to build a world-leading public chain brand. How does the performance of WaykiChain compare to other public chains on the market?
Gordon Gao: In terms of performance, WaykiChain’s TPS ranks first with a measured average of 3300 in the world. Besides, our ecological construction in the DApp field and Defi is also gradually perfect. Last year, we introduced more than 20 DApps. Since WaykiChain has launched the Defi platform, it has collateralized over 24 million WICC and issued over USD 1.4 million in WUSD.
2. Recently, WaykiChain(WICC) is well received by Korean investors, and its trading volume has exceeded 70 billion WON. How does WaykiChain achieve such outstanding results?
Gordon Gao: When WaykiChain(WICC) was listed on Bithumb, WICC’s premium was three times the domestic price. Recent market conditions are very good. The maximum price in South Korea is up to 10 times the domestic price.
Our investment in the Korean market has always been very large. As early as 2018 May, WaykiChain Global Conference which was attracted thousands of persons to participate was successfully held in Seoul. After that, we did a lot of publicity around the Korean market, such as the content promotion and SEO promotion of their NAVER search engine. Last year, we also held WaykiChain(WICC) X Huobi Korea Hackathon and offline meetup in South Korea. I have also been invited three times to give speeches and conducting exhibitions at Korean blockchain conferences. And our CTO Richard Chen was invited to interview with the Korean media, which was broadcast by Korean KBS TV station. South Korean users are very impressed with WaykiChain. When WaykiChain held the Hackathon in South Korea last year, a Korean investor came over and told us that he also came to our conference in 2018 and also received gold bars. He told us he was very happy to see our development so that he came to support us this time. When we have this kind of market enthusiasm, it is not unusual for prices to be reflected in the exchange.
3. According to media reports, WaykiChain has a strong technical team and has made a lot of progress in technology development. It has planned a four-public chain version iteration plan. What innovations and breakthroughs has WaykiChain achieved in technology?
Gordon Gao: The current version is WaykiChain public chain v2.0 version (Teng version) that we updated in October last year. We added the decentralized exchange and developed a CDP system at the bottom of the public chain for pledging WICC to get stablecoin WUSD. We developed a 3-token economy model (WICC, WUSD, WGRT) and increased the speed of block generation from 10 seconds per block to 3 seconds per block, which greatly improving user experience. This version lays the foundation for us to achieve decentralized financial functions, and directly implements the three most important functions of Defi at the moment: stablecoin, lending, and DEX.
We are developing the public chain v3.0 version (Hu version) now. In the public chain v3.0 version, we will further improve the performance and scalability of the current decentralized exchange, allowing anyone to publish their own DEX on the chain. Meanwhile, we will introduce WASM to greatly improve the performance and developer-friendly of the virtual machine.
At the same time, in the next public chain version, we will soon launch the WASM virtual machine, which greatly improves the performance of the virtual machine and makes it developer-friendly. Porting virtual machine is a project with high technical difficulty. We learned that several projects ranked among the top 30 in market value are also developing WASM virtual machines. It took us several months to complete the porting of WASM, which fully demonstrates our technical strength. In addition, in the next version, we will provide a decentralized cross-chain solution so that more digital assets can operate in the WaykiChain Defi eco-system.
4. We all know that WaykiChain has conducted in-depth reciprocal visits with the Montenegro government and exchanged views on blockchain technology reform in the field of Montenegro International Trade and Finance. What new knowledge and experiences have you gained through international cooperation? How do these experiences inspire you to give WaykiChain more business value and promote the implementation of decentralized financial applications?
Gordon Gao: Firstly, the government thinks differently from ours. For example, we only consider whether a business model can improve efficiency and reduce costs, but the government will also consider how to coordinate all stakeholders and make a balance. We discussed the issuance of stablecoins with them. If stablecoins are controlled by the central bank and all are on the chain, then the commercial banks below the central bank will not be able to adopt the original method. If addition, currency is issued through leverage, this is a weakening of existing stakeholders and it is difficult to continue. So, both of us are still exploring better solutions, and strive to not only improve efficiency through the blockchain but also meet all existing stakeholders.
Moreover, there is also a shortage of technical talents and human resources in some European countries and regions. They welcome Chinese blockchain teams like us to export technology and solutions to them. This is a very good opportunity for WaykiChain and other Chinese blockchain teams.
Thirdly, the cheap money policy of the European Central Bank can cause huge interest rate differences between European and Asian currencies. This contains huge market space and business opportunities, and the Defi system aims at this.
5. WaykiChain will complete the cross-chain process of BTC and ETH in the first half of 2020, and the mortgage lending system through stablecoin will be launched simultaneously. It is expected that there will be a new round of explosive growth around WUSD’s Pre-IPO business and loans. What is WUSD and what are its uses?
Gordon Gao: WaykiChain WUSD, the first stablecoin developed on Core Layer of the public chain, is issued through over-collateralization with value anchored to USD.
WUSD is the cornerstone of the WaykiChain Defi system. WUSD can be cashed in USDT or fiat currency. In other words, users can pledge their WICC to borrow cash. This principle is the same as a loan from a bank. WUSD can buy WICC or WGRT (governance coin) in WaykiChain DEX. This means that giving leverage to those who hold WaykiChain coins. WUSD can also be used in WaykiChain ecological applications. For example, Huatong Securities provides brokerage services on HK and US stocks to global customers with its unique WUSD-based payment solution which means that opening up the digital currency and traditional financial channels. Also, recently, we plan to launch a new application just like bank demand loans. Users can buy WUSD as wealth management. Of course, there will be derivatives based on WUSD pricing in the future.
6. “Building a decentralized big platform and ecology through community autonomy” is the original intention of WaykiChain, and this is also the big vision of WaykiChain. What difficulties has WaykiChain encountered in building a globally decentralized consensus? How did you overcome these difficulties?
Gordon Gao: At the beginning, we only divided the domestic market and overseas markets. The main job of overseas markets is to publish articles and contents which achieved very little success. The language, culture, social platforms, per capita income, and the cognition level of cryptocurrency vary from country to country. And if we only use online communication, the information is too fragmented to help others understand your project in depth.
After continuous experimentation, we decided to adopt the mode of offline(entering)-online(maintenance). We organized offline meetups and recruited WaykiChain Global Ambassadors. And then, we transferred to online maintenance, which has achieved success.
Now we have organized 10 meetups with our global ambassadors, and have established telegram groups in nearly 20 countries and regions, including South Korea, Iran, Japan, Vietnam, Turkey, Indonesia, and the Philippines, with high daily engagements. The last time I did AMA in our Iranian group, the local media asked some very professional questions which show our Iranian fans have in-depth knowledge of our project. Now, WaykiChain team brings people from different countries to work together and becomes more international.
7. WaykiChain ranks first with a measured average TPS of 3300 (Measured Peak TPS 7800). And WaykiChain launched WUSD which is developed on the bottom layer of the public chain. What convenience and value will this bring to payment and commerce?
Gordon Gao: The Defi system that WaykiChain is going to achieve is a decentralized bank without borders
In daily life, most people go to the bank to do deposits, loans, exchange, buy financial products and so on. These functions are also available on WaykiChain and users can enjoy lower interest rates.
The average deposit rate in Europe is between 0 and 0.3%. However, if we launch the new application of WUSD, Europeans can use fiat currency to buy WUSD and then gain at least 3 points of interest. This part of the interest comes from the mortgage interest paid by the mortgage borrower to the system. This part may be can achieve 6 points or more. In this way, the system also earns a cut of the discount. So, this is a three-win business.
Defi is a business model that enables blockchain companies to truly implement possible commercial application scenarios. For example, Huatong Securities provides brokerage services on HK and US stocks to global customers with its unique WUSD-based payment solution Ordinary people are difficult to open an account to trade Hong Kong stocks in HK exchanges. However, now users can use WUSD to trade and invest HK/US Pre-IPO to make money. The HK Pre-IPO market now has an annualized income of 20–40% on average. Therefore, many people in the WaykiChain community now pledge WICC to generate WUSD and use WUSD to buy Hong Kong and US stocks to make new money. It can not only enjoy the potential appreciation space of WICC but also improve capital utilization.
8. WaykiChain has established a 3-token economic model (WICC / WUSD / WGRT) with more financial stability and scalability. Please introduce this model to us. What are the advantages of the WaykiChain 3-token economic model compared to the common single-token economic model?
Gordon Gao: As the base currency of Defi, WUSD is a stablecoin that is just needed in the investment market for deposits and loans. At the same time, WUSD can also be used as a payment tool, which is much more convenient than using other digital currencies with large volatility.
WaykiChain (WGRT) is our governance coins. All interest generated from borrowing WUSD and the liquidation penalty will be repurchased on the market to destroy WGRT. We don’t use WICC because if we use WICC, it means that the collateralized currency and the risk-proof currency are the same types. This model is the same as the model of BTS. The BTS black swan event has verified that this economic model does not work. Therefore, the emergence of governance coins is inevitable.
9. 2019 can be called “the year of Defi loans”, and 2020 will be the “year of Defi derivatives”, so how will DeFi develop in 2020? What is WaykiChain’s strategy?
Gordon Gao: Defi is definitely still a hot topic in the blockchain industry in 2020. From Huobi BTC(HBTC) which is released by Huobi, it can also be seen that exchanges that do centralized finance are also developing Defi. Loans and deposits are still rigid demands in the market.
Although derivatives have huge business opportunities, their outbreak in the Defi field may not be so fast. Because the market capability and liquidity of Defi are still limited. In addition, cryptocurrency enthusiasts have limited knowledge of derivatives. Now, Defi obviously still has some opportunities and the market is not occupied. For example, Bitcoin-based Defi has not yet been implemented. Of course, the emergence of HBTC promoted the development of Bitcoin-based Defi. However, its specific effects need time to verify. Moreover, Other public chain projects are still in the process of developing Defi. At present, only Ethereum’s Defi business has formed a certain scale, and WaykiChain might be the second-largest Defi platform which is developed on the public chain after Ethereum. Some users from WaykiChain do not own Ethereum, but if they own WaykiChain (WICC), they can also do collateralizing.
Since WaykiChain has launched the Defi platform, it has collateralized over 24 million WICC and issued over USD 1.4 million in WUSD. WaykiChain’s strategy in Defi is mainly to satisfy both supply and demand. Firstly, we will continue to increase the amount of WICC total collateral and expand the issuance of WUSD. Secondly, we will keep working hard to expand and develop commercial application scenarios of WUSD. Finally, we will keep innovating and explore more new products and technology. WaykiChain will continuously make contributions in the world blockchain industry with its leading specialization.
submitted by Vincent_Lionheart to CryptoMarkets [link] [comments]

[Bull Market Sharing Class №273] Why does WaykiChain (WICC) soar after the start of 2020? With the advent of the bull market, how does WaykiChain perfect their Defi ecosystem and occupy the market?

[Bull Market Sharing Class №273] Why does WaykiChain (WICC) soar after the start of 2020? With the advent of the bull market, how does WaykiChain perfect their Defi ecosystem and occupy the market?
https://preview.redd.it/6357r29zl1l41.jpg?width=1200&format=pjpg&auto=webp&s=b6f7efa4c13ef8ebc35c0c8757fce31f91ad6f8f
As a world’s leading blockchain company focused on blockchain’s underlying technology and related ecosystem technology, WaykiChain owns an industry-leading public chain. Relying on the inherent technical advantages of blockchain and its superior R&D strength, WaykiChain is empowered with high-performance transaction processing capabilities (TPS3300), efficient mechanism of consensus (DPoS + pBFT), powerful smart contract, as well as the blockchain ecological decentralized control ability, WaykiChain can provide various major industries and key areas of vertical industry with infrastructure services and industry solutions.
At present, the bottom layer of the WaykiChain public chain has been continuously upgraded and optimized and has achieved significant success. WaykiChain stablecoin WUSD, which is developed on the bottom of the public chain, is one of the important infrastructures of blockchain finance promoted by WaykiChain. It is also continuously improving the potential of decentralized business development.
At 20:00 on February 14th, at the invitation of the “Bull Market Sharing Class”, Gordon Gao, the Co-Founder, and CEO of WaykiChain made sharing of the theme “ Why does WaykiChain (WICC) soar after the start of 2020? With the advent of the bull market, how does WaykiChain perfect their Defi ecosystem and occupy the market?”
Gordon Gao Background: Gordon Gao, WaykiChain Co-Founder & CEO, an Alumni of Columbia University in New York, former Chief Data Scientist of Fishbowl in Wall Street, ex-Senior Data Analyst of Alibaba Group, a senior member of Mensa International Club, currently serves as WaykiChain CEO. He is responsible for offering support to WaykiChain commercial model designing and strategy planning, building up a digitalized monitor system for products and operation and promoting WaykiChain overseas market with his international background.
The Following is the content of sharing from Gordon Gao:
1.WaykiChain is a third-generation blockchain commercial public chain that aims to build a world-leading public chain brand. How does the performance of WaykiChain compare to other public chains on the market?
Gordon Gao: In terms of performance, WaykiChain’s TPS ranks first with a measured average of 3300 in the world. Besides, our ecological construction in the DApp field and Defi is also gradually perfect. Last year, we introduced more than 20 DApps. Since WaykiChain has launched the Defi platform, it has collateralized over 24 million WICC and issued over USD 1.4 million in WUSD.
2. Recently, WaykiChain(WICC) is well received by Korean investors, and its trading volume has exceeded 70 billion WON. How does WaykiChain achieve such outstanding results?
Gordon Gao: When WaykiChain(WICC) was listed on Bithumb, WICC’s premium was three times the domestic price. Recent market conditions are very good. The maximum price in South Korea is up to 10 times the domestic price.
Our investment in the Korean market has always been very large. As early as 2018 May, WaykiChain Global Conference which was attracted thousands of persons to participate was successfully held in Seoul. After that, we did a lot of publicity around the Korean market, such as the content promotion and SEO promotion of their NAVER search engine. Last year, we also held WaykiChain(WICC) X Huobi Korea Hackathon and offline meetup in South Korea. I have also been invited three times to give speeches and conducting exhibitions at Korean blockchain conferences. And our CTO Richard Chen was invited to interview with the Korean media, which was broadcast by Korean KBS TV station. South Korean users are very impressed with WaykiChain. When WaykiChain held the Hackathon in South Korea last year, a Korean investor came over and told us that he also came to our conference in 2018 and also received gold bars. He told us he was very happy to see our development so that he came to support us this time. When we have this kind of market enthusiasm, it is not unusual for prices to be reflected in the exchange.
3. According to media reports, WaykiChain has a strong technical team and has made a lot of progress in technology development. It has planned a four-public chain version iteration plan. What innovations and breakthroughs has WaykiChain achieved in technology?
Gordon Gao: The current version is WaykiChain public chain v2.0 version (Teng version) that we updated in October last year. We added the decentralized exchange and developed a CDP system at the bottom of the public chain for pledging WICC to get stablecoin WUSD. We developed a 3-token economy model (WICC, WUSD, WGRT) and increased the speed of block generation from 10 seconds per block to 3 seconds per block, which greatly improving user experience. This version lays the foundation for us to achieve decentralized financial functions, and directly implements the three most important functions of Defi at the moment: stablecoin, lending, and DEX.
We are developing the public chain v3.0 version (Hu version) now. In the public chain v3.0 version, we will further improve the performance and scalability of the current decentralized exchange, allowing anyone to publish their own DEX on the chain. Meanwhile, we will introduce WASM to greatly improve the performance and developer-friendly of the virtual machine.
At the same time, in the next public chain version, we will soon launch the WASM virtual machine, which greatly improves the performance of the virtual machine and makes it developer-friendly. Porting virtual machine is a project with high technical difficulty. We learned that several projects ranked among the top 30 in market value are also developing WASM virtual machines. It took us several months to complete the porting of WASM, which fully demonstrates our technical strength. In addition, in the next version, we will provide a decentralized cross-chain solution so that more digital assets can operate in the WaykiChain Defi eco-system.
4. We all know that WaykiChain has conducted in-depth reciprocal visits with the Montenegro government and exchanged views on blockchain technology reform in the field of Montenegro International Trade and Finance. What new knowledge and experiences have you gained through international cooperation? How do these experiences inspire you to give WaykiChain more business value and promote the implementation of decentralized financial applications?
Gordon Gao: Firstly, the government thinks differently from ours. For example, we only consider whether a business model can improve efficiency and reduce costs, but the government will also consider how to coordinate all stakeholders and make a balance. We discussed the issuance of stablecoins with them. If stablecoins are controlled by the central bank and all are on the chain, then the commercial banks below the central bank will not be able to adopt the original method. If addition, currency is issued through leverage, this is a weakening of existing stakeholders and it is difficult to continue. So, both of us are still exploring better solutions, and strive to not only improve efficiency through the blockchain but also meet all existing stakeholders.
Moreover, there is also a shortage of technical talents and human resources in some European countries and regions. They welcome Chinese blockchain teams like us to export technology and solutions to them. This is a very good opportunity for WaykiChain and other Chinese blockchain teams.
Thirdly, the cheap money policy of the European Central Bank can cause huge interest rate differences between European and Asian currencies. This contains huge market space and business opportunities, and the Defi system aims at this.
5. WaykiChain will complete the cross-chain process of BTC and ETH in the first half of 2020, and the mortgage lending system through stablecoin will be launched simultaneously. It is expected that there will be a new round of explosive growth around WUSD’s Pre-IPO business and loans. What is WUSD and what are its uses?
Gordon Gao: WaykiChain WUSD, the first stablecoin developed on Core Layer of the public chain, is issued through over-collateralization with value anchored to USD.
WUSD is the cornerstone of the WaykiChain Defi system. WUSD can be cashed in USDT or fiat currency. In other words, users can pledge their WICC to borrow cash. This principle is the same as a loan from a bank. WUSD can buy WICC or WGRT (governance coin) in WaykiChain DEX. This means that giving leverage to those who hold WaykiChain coins. WUSD can also be used in WaykiChain ecological applications. For example, Huatong Securities provides brokerage services on HK and US stocks to global customers with its unique WUSD-based payment solution which means that opening up the digital currency and traditional financial channels. Also, recently, we plan to launch a new application just like bank demand loans. Users can buy WUSD as wealth management. Of course, there will be derivatives based on WUSD pricing in the future.
6. “Building a decentralized big platform and ecology through community autonomy” is the original intention of WaykiChain, and this is also the big vision of WaykiChain. What difficulties has WaykiChain encountered in building a globally decentralized consensus? How did you overcome these difficulties?
Gordon Gao: At the beginning, we only divided the domestic market and overseas markets. The main job of overseas markets is to publish articles and contents which achieved very little success. The language, culture, social platforms, per capita income, and the cognition level of cryptocurrency vary from country to country. And if we only use online communication, the information is too fragmented to help others understand your project in depth.
After continuous experimentation, we decided to adopt the mode of offline(entering)-online(maintenance). We organized offline meetups and recruited WaykiChain Global Ambassadors. And then, we transferred to online maintenance, which has achieved success.
Now we have organized 10 meetups with our global ambassadors, and have established telegram groups in nearly 20 countries and regions, including South Korea, Iran, Japan, Vietnam, Turkey, Indonesia, and the Philippines, with high daily engagements. The last time I did AMA in our Iranian group, the local media asked some very professional questions which show our Iranian fans have in-depth knowledge of our project. Now, WaykiChain team brings people from different countries to work together and becomes more international.
7. WaykiChain ranks first with a measured average TPS of 3300 (Measured Peak TPS 7800). And WaykiChain launched WUSD which is developed on the bottom layer of the public chain. What convenience and value will this bring to payment and commerce?
Gordon Gao: The Defi system that WaykiChain is going to achieve is a decentralized bank without borders
In daily life, most people go to the bank to do deposits, loans, exchange, buy financial products and so on. These functions are also available on WaykiChain and users can enjoy lower interest rates.
The average deposit rate in Europe is between 0 and 0.3%. However, if we launch the new application of WUSD, Europeans can use fiat currency to buy WUSD and then gain at least 3 points of interest. This part of the interest comes from the mortgage interest paid by the mortgage borrower to the system. This part may be can achieve 6 points or more. In this way, the system also earns a cut of the discount. So, this is a three-win business.
Defi is a business model that enables blockchain companies to truly implement possible commercial application scenarios. For example, Huatong Securities provides brokerage services on HK and US stocks to global customers with its unique WUSD-based payment solution Ordinary people are difficult to open an account to trade Hong Kong stocks in HK exchanges. However, now users can use WUSD to trade and invest HK/US Pre-IPO to make money. The HK Pre-IPO market now has an annualized income of 20–40% on average. Therefore, many people in the WaykiChain community now pledge WICC to generate WUSD and use WUSD to buy Hong Kong and US stocks to make new money. It can not only enjoy the potential appreciation space of WICC but also improve capital utilization.
8. WaykiChain has established a 3-token economic model (WICC / WUSD / WGRT) with more financial stability and scalability. Please introduce this model to us. What are the advantages of the WaykiChain 3-token economic model compared to the common single-token economic model?
Gordon Gao: As the base currency of Defi, WUSD is a stablecoin that is just needed in the investment market for deposits and loans. At the same time, WUSD can also be used as a payment tool, which is much more convenient than using other digital currencies with large volatility.
WaykiChain (WGRT) is our governance coins. All interest generated from borrowing WUSD and the liquidation penalty will be repurchased on the market to destroy WGRT. We don’t use WICC because if we use WICC, it means that the collateralized currency and the risk-proof currency are the same types. This model is the same as the model of BTS. The BTS black swan event has verified that this economic model does not work. Therefore, the emergence of governance coins is inevitable.
9. 2019 can be called “the year of Defi loans”, and 2020 will be the “year of Defi derivatives”, so how will DeFi develop in 2020? What is WaykiChain’s strategy?
Gordon Gao: Defi is definitely still a hot topic in the blockchain industry in 2020. From Huobi BTC(HBTC) which is released by Huobi, it can also be seen that exchanges that do centralized finance are also developing Defi. Loans and deposits are still rigid demands in the market.
Although derivatives have huge business opportunities, their outbreak in the Defi field may not be so fast. Because the market capability and liquidity of Defi are still limited. In addition, cryptocurrency enthusiasts have limited knowledge of derivatives. Now, Defi obviously still has some opportunities and the market is not occupied. For example, Bitcoin-based Defi has not yet been implemented. Of course, the emergence of HBTC promoted the development of Bitcoin-based Defi. However, its specific effects need time to verify. Moreover, Other public chain projects are still in the process of developing Defi. At present, only Ethereum’s Defi business has formed a certain scale, and WaykiChain might be the second-largest Defi platform which is developed on the public chain after Ethereum. Some users from WaykiChain do not own Ethereum, but if they own WaykiChain (WICC), they can also do collateralizing.
Since WaykiChain has launched the Defi platform, it has collateralized over 24 million WICC and issued over USD 1.4 million in WUSD. WaykiChain’s strategy in Defi is mainly to satisfy both supply and demand. Firstly, we will continue to increase the amount of WICC total collateral and expand the issuance of WUSD. Secondly, we will keep working hard to expand and develop commercial application scenarios of WUSD. Finally, we will keep innovating and explore more new products and technology. WaykiChain will continuously make contributions in the world blockchain industry with its leading specialization.
submitted by Waykichain to WICCProject [link] [comments]

Bitcoin Foundation ask U.S. Government Accountability Office (GAO) to investigate the Department of Justice (DOJ.)

From: Llew Claasen To: [email protected], [email protected], [email protected], [email protected], [email protected] Date: Thu, Aug 31, 2017 at 3:30 AM Subject: S. 1241, “Combating Money Laundering, Terrorist Financing and Counterfeiting Act of 2017”-Section 13 & Prosecutions under 18 U.S.C. § 1960
Dear Senate committee members
The Bitcoin Foundation, Inc. is a non-profit organization founded in September 2012. Comprised of senior leaders in the Bitcoin community, the Foundation coordinates joint efforts of the Bitcoin community, helping to create awareness of the benefits of Bitcoin, its use and its related technology requirements. The Foundation’s audience includes technologists, regulators, and the media, and its reach is global. The Foundation has been at the forefront of campaigning for an unimpeded economic system for the future. In November 2013, Patrick Murck, general counsel of the Foundation, testified before a United States Senate Committee convened to assess digital currencies. After engaging with federal regulators and lawmakers, a near-unanimous consensus that the federal government needed to be careful to avoid hampering the growth of the world's first completely decentralized payment network resulted.
First, the Foundation wishes to express its strong and unequivocal opposition to a specific section of a bill titled “Combating Money Laundering, Terrorist Financing and Counterfeiting Act of 2017” (S. 1241), Section 13, to the extent it includes “digital currencies” for purposes of Subchapter II of Title 31 of the U.S. Code, dealing with “Records and Reports on Monetary Instruments Transactions.”
Second, we request that the United States Committee on the Judiciary formally investigates, whether directly or through the U.S. Government Accountability Office (GAO), the U.S. Department of Justice’s policy of prosecuting individuals who exchange bitcoin for cash or other financial instruments under the federal money transmitting statute, 18 U.S.C. § 1960.
Further details of our submission to your committees are included in the letter attached here.
We look forward to engaging further with you about these very important issues.
best wishes
Llew Claasen Executive Director The Bitcoin Foundation
The packet is located here: http://www.article78againstnydfs.com/docs/BitcoinFoundation
The twitter account about Abolishing the Bitlicense: https://twitter.com/AbolishBtLicnse/status/903272515400863745
submitted by theochino to technology [link] [comments]

Bitcoin Foundation ask U.S. Government Accountability Office (GAO) to investigate the Department of Justice (DOJ.)

From: Llew Claasen To: [email protected], [email protected], [email protected], [email protected], [email protected] Date: Thu, Aug 31, 2017 at 3:30 AM Subject: S. 1241, “Combating Money Laundering, Terrorist Financing and Counterfeiting Act of 2017”-Section 13 & Prosecutions under 18 U.S.C. § 1960
Dear Senate committee members
The Bitcoin Foundation, Inc. is a non-profit organization founded in September 2012. Comprised of senior leaders in the Bitcoin community, the Foundation coordinates joint efforts of the Bitcoin community, helping to create awareness of the benefits of Bitcoin, its use and its related technology requirements. The Foundation’s audience includes technologists, regulators, and the media, and its reach is global. The Foundation has been at the forefront of campaigning for an unimpeded economic system for the future. In November 2013, Patrick Murck, general counsel of the Foundation, testified before a United States Senate Committee convened to assess digital currencies. After engaging with federal regulators and lawmakers, a near-unanimous consensus that the federal government needed to be careful to avoid hampering the growth of the world's first completely decentralized payment network resulted.
First, the Foundation wishes to express its strong and unequivocal opposition to a specific section of a bill titled “Combating Money Laundering, Terrorist Financing and Counterfeiting Act of 2017” (S. 1241), Section 13, to the extent it includes “digital currencies” for purposes of Subchapter II of Title 31 of the U.S. Code, dealing with “Records and Reports on Monetary Instruments Transactions.”
Second, we request that the United States Committee on the Judiciary formally investigates, whether directly or through the U.S. Government Accountability Office (GAO), the U.S. Department of Justice’s policy of prosecuting individuals who exchange bitcoin for cash or other financial instruments under the federal money transmitting statute, 18 U.S.C. § 1960.
Further details of our submission to your committees are included in the letter attached here.
We look forward to engaging further with you about these very important issues.
best wishes
Llew Claasen Executive Director The Bitcoin Foundation
The packet is located here: http://www.article78againstnydfs.com/docs/BitcoinFoundation
The twitter account about Abolishing the Bitlicense: https://twitter.com/AbolishBtLicnse/status/903272515400863745
submitted by theochino to Bitcoin [link] [comments]

Bitcoin Foundation ask U.S. Government Accountability Office (GAO) to investigate the Department of Justice (DOJ.)

From: Llew Claasen To: [email protected], [email protected], [email protected], [email protected], [email protected] Date: Thu, Aug 31, 2017 at 3:30 AM Subject: S. 1241, “Combating Money Laundering, Terrorist Financing and Counterfeiting Act of 2017”-Section 13 & Prosecutions under 18 U.S.C. § 1960
Dear Senate committee members
The Bitcoin Foundation, Inc. is a non-profit organization founded in September 2012. Comprised of senior leaders in the Bitcoin community, the Foundation coordinates joint efforts of the Bitcoin community, helping to create awareness of the benefits of Bitcoin, its use and its related technology requirements. The Foundation’s audience includes technologists, regulators, and the media, and its reach is global. The Foundation has been at the forefront of campaigning for an unimpeded economic system for the future. In November 2013, Patrick Murck, general counsel of the Foundation, testified before a United States Senate Committee convened to assess digital currencies. After engaging with federal regulators and lawmakers, a near-unanimous consensus that the federal government needed to be careful to avoid hampering the growth of the world's first completely decentralized payment network resulted.
First, the Foundation wishes to express its strong and unequivocal opposition to a specific section of a bill titled “Combating Money Laundering, Terrorist Financing and Counterfeiting Act of 2017” (S. 1241), Section 13, to the extent it includes “digital currencies” for purposes of Subchapter II of Title 31 of the U.S. Code, dealing with “Records and Reports on Monetary Instruments Transactions.”
Second, we request that the United States Committee on the Judiciary formally investigates, whether directly or through the U.S. Government Accountability Office (GAO), the U.S. Department of Justice’s policy of prosecuting individuals who exchange bitcoin for cash or other financial instruments under the federal money transmitting statute, 18 U.S.C. § 1960.
Further details of our submission to your committees are included in the letter attached here.
We look forward to engaging further with you about these very important issues.
best wishes
Llew Claasen Executive Director The Bitcoin Foundation
The packet is located here: http://www.article78againstnydfs.com/docs/BitcoinFoundation
The twitter account about Abolishing the Bitlicense: https://twitter.com/AbolishBtLicnse/status/903272515400863745
submitted by theochino to btc [link] [comments]

Bitcoin Foundation ask U.S. Government Accountability Office (GAO) to investigate the Department of Justice (DOJ.)

From: Llew Claasen To: [email protected], [email protected], [email protected], [email protected], [email protected] Date: Thu, Aug 31, 2017 at 3:30 AM Subject: S. 1241, “Combating Money Laundering, Terrorist Financing and Counterfeiting Act of 2017”-Section 13 & Prosecutions under 18 U.S.C. § 1960
Dear Senate committee members
The Bitcoin Foundation, Inc. is a non-profit organization founded in September 2012. Comprised of senior leaders in the Bitcoin community, the Foundation coordinates joint efforts of the Bitcoin community, helping to create awareness of the benefits of Bitcoin, its use and its related technology requirements. The Foundation’s audience includes technologists, regulators, and the media, and its reach is global. The Foundation has been at the forefront of campaigning for an unimpeded economic system for the future. In November 2013, Patrick Murck, general counsel of the Foundation, testified before a United States Senate Committee convened to assess digital currencies. After engaging with federal regulators and lawmakers, a near-unanimous consensus that the federal government needed to be careful to avoid hampering the growth of the world's first completely decentralized payment network resulted.
First, the Foundation wishes to express its strong and unequivocal opposition to a specific section of a bill titled “Combating Money Laundering, Terrorist Financing and Counterfeiting Act of 2017” (S. 1241), Section 13, to the extent it includes “digital currencies” for purposes of Subchapter II of Title 31 of the U.S. Code, dealing with “Records and Reports on Monetary Instruments Transactions.”
Second, we request that the United States Committee on the Judiciary formally investigates, whether directly or through the U.S. Government Accountability Office (GAO), the U.S. Department of Justice’s policy of prosecuting individuals who exchange bitcoin for cash or other financial instruments under the federal money transmitting statute, 18 U.S.C. § 1960.
Further details of our submission to your committees are included in the letter attached here.
We look forward to engaging further with you about these very important issues.
best wishes
Llew Claasen Executive Director The Bitcoin Foundation
The packet is located here: http://www.article78againstnydfs.com/docs/BitcoinFoundation
The twitter account about Abolishing the Bitlicense: https://twitter.com/AbolishBtLicnse/status/903272515400863745
submitted by theochino to Monero [link] [comments]

Bitcoin Foundation ask U.S. Government Accountability Office (GAO) to investigate the Department of Justice (DOJ.)

From: Llew Claasen To: [email protected], [email protected], [email protected], [email protected], [email protected] Date: Thu, Aug 31, 2017 at 3:30 AM Subject: S. 1241, “Combating Money Laundering, Terrorist Financing and Counterfeiting Act of 2017”-Section 13 & Prosecutions under 18 U.S.C. § 1960
Dear Senate committee members
The Bitcoin Foundation, Inc. is a non-profit organization founded in September 2012. Comprised of senior leaders in the Bitcoin community, the Foundation coordinates joint efforts of the Bitcoin community, helping to create awareness of the benefits of Bitcoin, its use and its related technology requirements. The Foundation’s audience includes technologists, regulators, and the media, and its reach is global. The Foundation has been at the forefront of campaigning for an unimpeded economic system for the future. In November 2013, Patrick Murck, general counsel of the Foundation, testified before a United States Senate Committee convened to assess digital currencies. After engaging with federal regulators and lawmakers, a near-unanimous consensus that the federal government needed to be careful to avoid hampering the growth of the world's first completely decentralized payment network resulted.
First, the Foundation wishes to express its strong and unequivocal opposition to a specific section of a bill titled “Combating Money Laundering, Terrorist Financing and Counterfeiting Act of 2017” (S. 1241), Section 13, to the extent it includes “digital currencies” for purposes of Subchapter II of Title 31 of the U.S. Code, dealing with “Records and Reports on Monetary Instruments Transactions.”
Second, we request that the United States Committee on the Judiciary formally investigates, whether directly or through the U.S. Government Accountability Office (GAO), the U.S. Department of Justice’s policy of prosecuting individuals who exchange bitcoin for cash or other financial instruments under the federal money transmitting statute, 18 U.S.C. § 1960.
Further details of our submission to your committees are included in the letter attached here.
We look forward to engaging further with you about these very important issues.
best wishes
Llew Claasen Executive Director The Bitcoin Foundation
The packet is located here: http://www.article78againstnydfs.com/docs/BitcoinFoundation
The twitter account about Abolishing the Bitlicense: https://twitter.com/AbolishBtLicnse/status/903272515400863745
submitted by theochino to ethtrader [link] [comments]

Weekly Roundup

News roundup for the previous week.
In International news
  1. Unstable Geopolitics, Pakistan’s Alliance with China: Trump’s Backlash against Pakistan Reveals the Dawn of a Disputed 2018 Year
  2. American Girl, 16, charged with killing 74-year-old Chinese grandpa as he took out trash
  3. President Macron calls for French-China cooperation on Silk Road, climate
  4. Macron vows active participation in Belt and Road initiative
  5. A dominant Nathan Chen cruised to a repeat U.S. Figure Skating Championship title in San Jose. Vincent Zhou grabbed the bronze medal with 273.83 points
  6. S. Korea seeks deeper cooperation with China, Japan in regulating cryptocurrencies
  7. Xi calls for deeper cooperation with Britain under Belt & Road Initiative
  8. China donates prefabricated houses for displaced people in #Myanmar's Rakhine state
  9. China: U.S. should curb demand for opioids, not blame us
  10. China key partner for #Cambodia in infrastructure development: Cambodian officials. "More than 2,000 km of roads, seven large bridges, and a new container terminal of the Phnom Penh Autonomous Port have been constructed under China's aid," Chanthol said
  11. Tariffs to be slashed in 2018 as China-Chile free trade agreement kicks in: Nearly 98 percent of products traded between China and #Chile will have zero tariffs attached when the new China-Chile free trade agreement is implemented in 2018
  12. UN chief lauds G77 and China's role in multilateralism, climate action
  13. Canada takes U.S. to WTO, U.S. says case helps China: Canada has launched a wide-ranging trade complaint against the United States, in a dispute that Washington said would damage Canada’s own interests and play into China’s hands
In Domestic news
  1. China keeps its promises, the country's anti-poverty drive is transforming the lives of rural communities by leaps
  2. High-speed rail network to cover 80% of major cities in China by 2020: total length of track capable of supporting high-speed trains will reach 38,000 kilometres by 2025 and 45,000 kilometres by 2030
  3. China's future cities will focus on sustainability, connectivity, and mobility.
  4. Second China-made C919 jet completes first trial flight
  5. 26 pct Chinese university students eager to start businesses: survey
  6. Chinese internet regulators scold Alibaba's Ant Financial for violating customer privacy through Sesame Credit
  7. Chinese Kids Who Eat Fish Every Week Have Higher IQs and Better Sleep, Study Says
  8. Chinese City Opens Up Spectacular 'Ice City' for International Snow Festival
  9. China is seeing signs of success in its fight against smog as pollution levels slump dramatically in the capital region Beijing.
  10. Marriott: China blocks website and app over description of Tibet and Taiwan
  11. Chinese Police Dynamite Christian Megachurch
  12. China to Plant New Forests the Size of Ireland This Year
  13. China cracks down on foreign companies calling Taiwan, other regions countries: The involvment of more than one Chinese authority in rebuking businesses across different industries suggested possible coordination at a high level of government
In SciTech news
  1. Asian-Chinese Engineering at work | How high speed railway tunnels are built
  2. GoPro quits the drone business (Got Nuked by China's DJI)
  3. China emerges as a hotbed for artificial intelligence: “We saw lots of interest in #AI in China, and the sector is moving so fast in the country” said Nicholson, CEO of Skymind. “China is home to many of the world’s top experts in AI and machine learning” wrote Fei-Fei Li, chief scientist for Google
  4. Beijing to break ground on new #AI science park this year: It will house about 400 enterprises after completion with an estimated annual output value of 50 billion yuan. Industries there will include ultra-high-speed big data, cloud computing, bio-metric identification and deep learning
  5. [Huawei’s CEO going off-script to rage at US carriers was the best speech of CES x-post
  6. How Huawei Can Break Apple and Samsung's Smartphone Grip
  7. Beijing to Pave Way for Autonomous Driving With New Test Road: The new testing road will pilot changes designed to make roads more easily recognizable to artificial intelligence
  8. DJI announced new $99 drone Tello. Why? Tello is only 80 grams, which means owners don't have to register their Tello (FAA require registration of all drones over 250 grams)
  9. A team of researchers with Nanjing University of Posts and Telecommunications, Nanjing Tech University and Northwestern Polytechnical University, all in China, has developed a new type of paper that can be erased and printed on multiple times.
  10. Ford CEO: China Will Take the Lead in Electric Vehicle Area
  11. Central China city to build 80,000 charging piles for electric cars
  12. China budgets over 13 bln yuan for major research programs in 2018: The programs consist of 40 special projects and more than 600 minor projects, covering four major fields including social development, high-tech research, agricultural science and technology, and fundamental research
  13. Google and Intel Beware: China Is Gunning for Dominance in #AI Chips. Buckets of money are available for the industry. With more than 750 million people online, China provides plenty of consumers and data for companies to use. AI chip competitors enjoy state support
  14. How This China Tech Company Is About To Change Everything You Know About VR
  15. #CES becomes the Chinese electronics show as Shenzhen, Dongguan exhibitors throng fair: As many as 1,551 Chinese companies registered to display their products and software applications in Las Vegas this week, out of a record turnout of 4,500 exhibitors
In Economic news
  1. Foreign Brands Have ‘Princess Syndrome,’ Says People’s Daily
  2. Iran Sanctions Will Help China's Petro-Yuan
  3. China on the verge of bursting bitcoin bubble
  4. China, the Innovation Dragon. Given its own policies, and those of the US, China is on track to become the world’s innovation leader. By the end of 2018, it will likely be apparent to all just how quickly and easily this latest chapter in the Chinese success story will be written.
  5. "Political pressure" reportedly kills Huawei/AT&T smartphone deal
  6. China Weighs Slowing or Halting Purchases of U.S. Treasuries
  7. China is reportedly thinking of halting US Treasury purchases and that's worrying markets
  8. China FX regulator: report on slowing US bond buying based on fake news
  9. Chinese Workers Abandon Silicon Valley for Riches Back Home
  10. The Cashless Society Has Arrived— Only It’s in China: Though the U.S. saw $112 billion of mobile payments in 2016, by a Forrester Research estimate, such payments in China totaled $9 trillion
  11. China just reminded the United States that Beijing is its banker
  12. Russian-Chinese trade up 20.8% in 2017, to $84.07 bln
  13. China would win in a trade war with U.S., analyst says
  14. The rise of the petro-yuan
  15. #Marriott apologizes for labeling China's territories as independent: CEO apologized for listing Tibet, among other parts of China, as a country and promised to take measures to prevent such incidents. "Marriott International respects and supports the sovereignty and territorial integrity of China"
  16. Uncle Sam's treatment of Huawei is world-class hypocrisy – consumers will pay the price
  17. The Chinese are now buying as much stuff as Americans, a game-changer for the world economy
  18. China has become the world's 5th largest US #patent recipient, having increased the number of patents it received tenfold in less than 10 years
In Military news
  1. Retired Colonel: China Looks to Bolster Military Presence in #Pakistan. A Chinese military base in Jiwani would control the vital sea lanes in the Arabian Sea at the mouth of the Persian Gulf and provide another link in a string of potential military facilities from the South China Sea to Africa
  2. China’s Wing Loong II Killer #Drone Fires 5 Missiles in Single Sortie: After multiple rounds of flight and firing tests, the Wing Loong II UAS has conducted firing tests with eight types of missiles and dozens of bombs, with a hit rate of 100 percent
  3. PLA Navy to streamline pilot training as more aircraft carriers expected
  4. Chinese armies are now able to use #robots to fire ballistic missiles after successfully developing an automated launching system. The advanced system would help China fire warheads three times faster and halve the number of soldiers involved
  5. Jan 3rd 2018 Military Report Video
  6. Work on main battleship for China’s new-generation aircraft carrier enters home stretch: China now is building four Type 055 destroyers, with two designed to be ‘imperial bodyguards’ to the first home-grown carrier in high seas
  7. China’s hi-tech missile ambitions are marching ahead at warp speed: The DF-17 is the first missile system anywhere that uses a #hypersonic glide vehicle as its payload and is intended for operational deployment. US intelligence expecting the DF-17 to enter service around 2020
  8. Chinese armed forces start new round of training in 2018
  9. New batch of Y-20 planes to boost military transport capability: At least five Y-20 transporters went into service in the country's Western Theater Command. The Y-20 has a maximum takeoff weight of 200 tons and is ideal for transporting cargo and personnel over long distances
Other Notables
  1. China’s top 10 box office hits of all time include four domestic films released in 2017
  2. Exiled Billionaire Guo Wengui funding Steve Bannon, American Far Right
  3. “Star Wars: The Last Jedi” has stumbled in China with a mediocre $28.7 million opening weekend, marking the first real disappointment for the Disney-Lucasfilm tentpole.
  4. The Temple of Heaven - Built between 1406 – 1420, Emperors of the Ming and Qing Dynasty came here for annual prayer ceremonies for a good harvest
  5. A Chinese soldier was challenged with drifting in a tank. He needed to drive three tanks and park them in the right location. Could he complete the "impossible challenge"
  6. Guangzhou - [2048x789]
  7. A combination of heavy blows gave the Chinese fighter called “Black Leopard” a TKO win over Francisco of Spain at Kunlun fight
  8. Ancestor Worship Ceremony Held in China's New Year Celebration: #Chinese people, including overseas Chinese, attended an ancestor-worshiping ceremony to celebrate the New Year at the Mausoleum of Huangdi, or the Yellow Emperor
  9. A Good Music Video Recommended for All Fathers and Daughters 王力宏 親愛的
  10. Catchy song from Brother Hao
  11. Chinese characters from ancient times to present day
  12. Demonizing China will not deter its rise – or improve America’s. America’s apparent policy failures and declining global influence could trigger more intense criticism against China, blaming it for everything under he sun.
  13. Can Germany overcome bias against China?
  14. Godfrey Gao Says He Experienced Racism While Growing Up In Vancouver
  15. GAI - 天乾物燥 (Chinese Hip-hop blended with traditional instruments)
  16. CHINA MAC WHO I AM
  17. When America was a Developing Country, How China's current situation and mentality was like US back in the late 1800s, interesting read
  18. The Monkey King 3 film title song 西游记之女儿国 主题曲《女儿国 》 MV
  19. Post rock - 惘聞 - Lonely God
  20. Congrats!!! Newly-weds attend a group wedding ceremony at a subway station in central China's Wuhan on Wednesday. The 21 couples were involved in the construction of the subway
  21. World's largest ice festival wows tourists as illuminations light up Harbin sky
  22. Total War: THREE KINGDOMS - Announcement Cinematic
  23. Asian American writes emotional essay to Chinese parents - Do not immigrate to America, your kids will suffer.
  24. Why suburbia sucks (Why China must stop urban sprawl and stop following North American thinking about urban planning)
  25. What The Chinese Think Of Chinese Tourist Stereotypes
  26. That was fast.
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  28. The Greatest Human Migration in the Recorded History of Mankind (Wealth of Nations Podcast, Ep. 13)
  29. [Traditional Instrument Music] 情蠱 The Love Spell
  30. Who was Zhou Youguang? Google celebrates linguist who developed Chinese phonetic translation
  31. 金发碧眼小洋妞的“中文十级”节日祝福
  32. Founder of pinyin featured on google's main page
  33. Dwayne "The Rock" Johnson on Chinese variety show Kuai Le Da Ben Ying
  34. Looking for some counterweight for Chinese sci-fi, specifically those with Confucian undertones
  35. Ji Cheng: The designer who wins Chinese millennial over
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  37. Globaltimes: US divisions threaten leadership role
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submitted by AutoModerator to Sino [link] [comments]

Bitcoin Foundation ask U.S. Government Accountability Office (GAO) to investigate the Department of Justice (DOJ.)

From: Llew Claasen To: [email protected], [email protected], [email protected], [email protected], [email protected] Date: Thu, Aug 31, 2017 at 3:30 AM Subject: S. 1241, “Combating Money Laundering, Terrorist Financing and Counterfeiting Act of 2017”-Section 13 & Prosecutions under 18 U.S.C. § 1960
Dear Senate committee members
The Bitcoin Foundation, Inc. is a non-profit organization founded in September 2012. Comprised of senior leaders in the Bitcoin community, the Foundation coordinates joint efforts of the Bitcoin community, helping to create awareness of the benefits of Bitcoin, its use and its related technology requirements. The Foundation’s audience includes technologists, regulators, and the media, and its reach is global. The Foundation has been at the forefront of campaigning for an unimpeded economic system for the future. In November 2013, Patrick Murck, general counsel of the Foundation, testified before a United States Senate Committee convened to assess digital currencies. After engaging with federal regulators and lawmakers, a near-unanimous consensus that the federal government needed to be careful to avoid hampering the growth of the world's first completely decentralized payment network resulted.
First, the Foundation wishes to express its strong and unequivocal opposition to a specific section of a bill titled “Combating Money Laundering, Terrorist Financing and Counterfeiting Act of 2017” (S. 1241), Section 13, to the extent it includes “digital currencies” for purposes of Subchapter II of Title 31 of the U.S. Code, dealing with “Records and Reports on Monetary Instruments Transactions.”
Second, we request that the United States Committee on the Judiciary formally investigates, whether directly or through the U.S. Government Accountability Office (GAO), the U.S. Department of Justice’s policy of prosecuting individuals who exchange bitcoin for cash or other financial instruments under the federal money transmitting statute, 18 U.S.C. § 1960.
Further details of our submission to your committees are included in the letter attached here.
We look forward to engaging further with you about these very important issues.
best wishes
Llew Claasen Executive Director The Bitcoin Foundation
The packet is located here: http://www.article78againstnydfs.com/docs/BitcoinFoundation
The twitter account about Abolishing the Bitlicense: https://twitter.com/AbolishBtLicnse/status/903272515400863745
submitted by theochino to eff [link] [comments]

Bitcoin Foundation ask U.S. Government Accountability Office (GAO) to investigate the Department of Justice (DOJ.)

From: Llew Claasen To: [email protected], [email protected], [email protected], [email protected], [email protected] Date: Thu, Aug 31, 2017 at 3:30 AM Subject: S. 1241, “Combating Money Laundering, Terrorist Financing and Counterfeiting Act of 2017”-Section 13 & Prosecutions under 18 U.S.C. § 1960
Dear Senate committee members
The Bitcoin Foundation, Inc. is a non-profit organization founded in September 2012. Comprised of senior leaders in the Bitcoin community, the Foundation coordinates joint efforts of the Bitcoin community, helping to create awareness of the benefits of Bitcoin, its use and its related technology requirements. The Foundation’s audience includes technologists, regulators, and the media, and its reach is global. The Foundation has been at the forefront of campaigning for an unimpeded economic system for the future. In November 2013, Patrick Murck, general counsel of the Foundation, testified before a United States Senate Committee convened to assess digital currencies. After engaging with federal regulators and lawmakers, a near-unanimous consensus that the federal government needed to be careful to avoid hampering the growth of the world's first completely decentralized payment network resulted.
First, the Foundation wishes to express its strong and unequivocal opposition to a specific section of a bill titled “Combating Money Laundering, Terrorist Financing and Counterfeiting Act of 2017” (S. 1241), Section 13, to the extent it includes “digital currencies” for purposes of Subchapter II of Title 31 of the U.S. Code, dealing with “Records and Reports on Monetary Instruments Transactions.”
Second, we request that the United States Committee on the Judiciary formally investigates, whether directly or through the U.S. Government Accountability Office (GAO), the U.S. Department of Justice’s policy of prosecuting individuals who exchange bitcoin for cash or other financial instruments under the federal money transmitting statute, 18 U.S.C. § 1960.
Further details of our submission to your committees are included in the letter attached here.
We look forward to engaging further with you about these very important issues.
best wishes
Llew Claasen Executive Director The Bitcoin Foundation
The packet is located here: http://www.article78againstnydfs.com/docs/BitcoinFoundation
The twitter account about Abolishing the Bitlicense: https://twitter.com/AbolishBtLicnse/status/903272515400863745
submitted by theochino to 2600 [link] [comments]

Bitcoin Foundation ask U.S. Government Accountability Office (GAO) to investigate the Department of Justice (DOJ.)

From: Llew Claasen To: [email protected], [email protected], [email protected], [email protected], [email protected] Date: Thu, Aug 31, 2017 at 3:30 AM Subject: S. 1241, “Combating Money Laundering, Terrorist Financing and Counterfeiting Act of 2017”-Section 13 & Prosecutions under 18 U.S.C. § 1960
Dear Senate committee members
The Bitcoin Foundation, Inc. is a non-profit organization founded in September 2012. Comprised of senior leaders in the Bitcoin community, the Foundation coordinates joint efforts of the Bitcoin community, helping to create awareness of the benefits of Bitcoin, its use and its related technology requirements. The Foundation’s audience includes technologists, regulators, and the media, and its reach is global. The Foundation has been at the forefront of campaigning for an unimpeded economic system for the future. In November 2013, Patrick Murck, general counsel of the Foundation, testified before a United States Senate Committee convened to assess digital currencies. After engaging with federal regulators and lawmakers, a near-unanimous consensus that the federal government needed to be careful to avoid hampering the growth of the world's first completely decentralized payment network resulted.
First, the Foundation wishes to express its strong and unequivocal opposition to a specific section of a bill titled “Combating Money Laundering, Terrorist Financing and Counterfeiting Act of 2017” (S. 1241), Section 13, to the extent it includes “digital currencies” for purposes of Subchapter II of Title 31 of the U.S. Code, dealing with “Records and Reports on Monetary Instruments Transactions.”
Second, we request that the United States Committee on the Judiciary formally investigates, whether directly or through the U.S. Government Accountability Office (GAO), the U.S. Department of Justice’s policy of prosecuting individuals who exchange bitcoin for cash or other financial instruments under the federal money transmitting statute, 18 U.S.C. § 1960.
Further details of our submission to your committees are included in the letter attached here.
We look forward to engaging further with you about these very important issues.
best wishes
Llew Claasen Executive Director The Bitcoin Foundation
The packet is located here: http://www.article78againstnydfs.com/docs/BitcoinFoundation
The twitter account about Abolishing the Bitlicense: https://twitter.com/AbolishBtLicnse/status/903272515400863745
submitted by theochino to Namecoin [link] [comments]

Bitcoin Foundation ask U.S. Government Accountability Office (GAO) to investigate the Department of Justice (DOJ.)

From: Llew Claasen To: [email protected], [email protected], [email protected], [email protected], [email protected] Date: Thu, Aug 31, 2017 at 3:30 AM Subject: S. 1241, “Combating Money Laundering, Terrorist Financing and Counterfeiting Act of 2017”-Section 13 & Prosecutions under 18 U.S.C. § 1960
Dear Senate committee members
The Bitcoin Foundation, Inc. is a non-profit organization founded in September 2012. Comprised of senior leaders in the Bitcoin community, the Foundation coordinates joint efforts of the Bitcoin community, helping to create awareness of the benefits of Bitcoin, its use and its related technology requirements. The Foundation’s audience includes technologists, regulators, and the media, and its reach is global. The Foundation has been at the forefront of campaigning for an unimpeded economic system for the future. In November 2013, Patrick Murck, general counsel of the Foundation, testified before a United States Senate Committee convened to assess digital currencies. After engaging with federal regulators and lawmakers, a near-unanimous consensus that the federal government needed to be careful to avoid hampering the growth of the world's first completely decentralized payment network resulted.
First, the Foundation wishes to express its strong and unequivocal opposition to a specific section of a bill titled “Combating Money Laundering, Terrorist Financing and Counterfeiting Act of 2017” (S. 1241), Section 13, to the extent it includes “digital currencies” for purposes of Subchapter II of Title 31 of the U.S. Code, dealing with “Records and Reports on Monetary Instruments Transactions.”
Second, we request that the United States Committee on the Judiciary formally investigates, whether directly or through the U.S. Government Accountability Office (GAO), the U.S. Department of Justice’s policy of prosecuting individuals who exchange bitcoin for cash or other financial instruments under the federal money transmitting statute, 18 U.S.C. § 1960.
Further details of our submission to your committees are included in the letter attached here.
We look forward to engaging further with you about these very important issues.
best wishes
Llew Claasen Executive Director The Bitcoin Foundation
The packet is located here: http://www.article78againstnydfs.com/docs/BitcoinFoundation
The twitter account about Abolishing the Bitlicense: https://twitter.com/AbolishBtLicnse/status/903272515400863745
submitted by theochino to cyberlaws [link] [comments]

Email from Weiss Ratings just now

FOR IMMEDIATE RELEASE Wednesday, January 24, 2018
First Cryptocurrency Ratings Issued Despite Korean Cyberattack Bitcoin Gets C+ (“Fair”). Ethereum Is B (“Good”).
PALM BEACH GARDENS, FL — Weiss Ratings, the nation’s leading independent rating agency of financial institutions, has released today the nation’s first-ever grades on cryptocurrencies by a financial rating agency, despite a massive Korean cyberattack on its website. Weiss gives Bitcoin a C+ (meaning “fair”) and Ethereum a B (“good”). None of the cryptocurrencies covered currently get a grade of A (“excellent”).
Weiss Ratings staff was up all night last night fending off denial of service attacks from Korea, as evidenced by numerous mentions on Korean social media of a concerted call to bring down the Weiss Ratings website. “Earlier commentary on social media expressed considerable fear we were about to release negative ratings on their preferred currencies,” said Weiss Ratings founder Martin D. Weiss, Ph.D. “So this may be an attempt to thwart our release today.”
Separately, Weiss experienced a surge in friendly visitors to the site. “Since our customers are almost entirely in the U.S., we rarely get more than small amounts of traffic from Asia. But last night, we had more than 100,000 unique visitors in a matter of hours, almost entirely from Asia, until early this morning, when more of the traffic rolled over to Europe. To handle the volume, our staff instantly expanded its server capacity on the cloud many times over,” Weiss said.
What makes Weiss’ entry into cryptocurrency ratings significant is its history of independence and accuracy in other investment sectors, as noted by the U.S. Government Accountability Office (GAO), Barron’s, The Wall Street Journal, and The New York Times, among others.
“Despite extreme price volatility, cryptocurrencies have a bright future and the potential to deliver unusually large profits to investors,” said Weiss Ratings founder Martin D. Weiss, Ph.D. “However, the market is hectic and confusing for investors. They need the clarity that only robust, impartial ratings can provide.”
The Weiss Cryptocurrency Ratings evaluate price risk, reward potential, blockchain technology, adoption, security, and other factors. “Due to rapid changes in the data,” explains Weiss, “upgrades and downgrades are more frequent than in other sectors we cover.”
Below is a sampling of Weiss Cryptocurrency Ratings, selected randomly to illustrate a variety of strengths and weaknesses:
Bitcoin (rated C+) gets excellent scores for security and widespread adoption. But it is encountering major network bottlenecks, causing delays and high transactions costs. Despite intense ongoing efforts that are achieving some initial success, Bitcoin has no immediate mechanism for promptly upgrading its software code. Ethereum (B), the second most widely adopted cryptocurrency, benefits from more readily upgradable technology and better speed, despite some bottlenecks. Novacoin (D) and SaluS (D) are weak in terms of both technological innovation and adoption. Steem (B-) enjoys a relatively good balance of moderate strength in nearly all the key factors considered along with a social network feature. “All else being equal, as a cryptocurrency overcomes its individual challenges, it’s likely to be upgraded promptly,” Weiss adds.
Weiss Ratings, which began in 1971, rates 55,000 institutions and investments. Unlike Standard & Poor’s, Moody’s, Fitch and A.M. Best, Weiss never accepts compensation of any kind from the entities it rates.
To learn more about the Weiss Cryptocurrency Ratings, go here. This site was established as a back-up and will be reachable until hackers discover it. Plus, those still having difficulty reaching Weiss Ratings websites can email [email protected].

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About Weiss Ratings: Barron’s called Weiss Ratings “the leader in identifying vulnerable companies.” The profit performance of Weiss Stock Ratings was ranked #1, as reported in The Wall Street Journal, ahead of all major rating agencies and research companies covered, including Goldman Sachs, Morgan Stanley, Merrill Lynch and Standard and Poor’s. The U.S. Government Accountability Office (GAO) reported that Weiss Ratings of U.S. life and health insurers greatly outperformed those of Moody’s, Standard & Poor’s and A.M. Best. More information on Weiss Crypto Currency Ratings can be found here.
Would you like to edit your e-mail notification preferences or unsubscribe from our mailing list?
Weiss Ratings 4400 Northcorp Parkway, Palm Beach Gardens, FL 33410 1-877-934-7778
submitted by jameskothmann to u/jameskothmann [link] [comments]

Bitcoin Foundation ask U.S. Government Accountability Office (GAO) to investigate the Department of Justice (DOJ.)

From: Llew Claasen To: [email protected], [email protected], [email protected], [email protected], [email protected] Date: Thu, Aug 31, 2017 at 3:30 AM Subject: S. 1241, “Combating Money Laundering, Terrorist Financing and Counterfeiting Act of 2017”-Section 13 & Prosecutions under 18 U.S.C. § 1960
Dear Senate committee members
The Bitcoin Foundation, Inc. is a non-profit organization founded in September 2012. Comprised of senior leaders in the Bitcoin community, the Foundation coordinates joint efforts of the Bitcoin community, helping to create awareness of the benefits of Bitcoin, its use and its related technology requirements. The Foundation’s audience includes technologists, regulators, and the media, and its reach is global. The Foundation has been at the forefront of campaigning for an unimpeded economic system for the future. In November 2013, Patrick Murck, general counsel of the Foundation, testified before a United States Senate Committee convened to assess digital currencies. After engaging with federal regulators and lawmakers, a near-unanimous consensus that the federal government needed to be careful to avoid hampering the growth of the world's first completely decentralized payment network resulted.
First, the Foundation wishes to express its strong and unequivocal opposition to a specific section of a bill titled “Combating Money Laundering, Terrorist Financing and Counterfeiting Act of 2017” (S. 1241), Section 13, to the extent it includes “digital currencies” for purposes of Subchapter II of Title 31 of the U.S. Code, dealing with “Records and Reports on Monetary Instruments Transactions.”
Second, we request that the United States Committee on the Judiciary formally investigates, whether directly or through the U.S. Government Accountability Office (GAO), the U.S. Department of Justice’s policy of prosecuting individuals who exchange bitcoin for cash or other financial instruments under the federal money transmitting statute, 18 U.S.C. § 1960.
Further details of our submission to your committees are included in the letter attached here.
We look forward to engaging further with you about these very important issues.
best wishes
Llew Claasen Executive Director The Bitcoin Foundation
The packet is located here: http://www.article78againstnydfs.com/docs/BitcoinFoundation
The twitter account about Abolishing the Bitlicense: https://twitter.com/AbolishBtLicnse/status/903272515400863745
submitted by theochino to ethereum [link] [comments]

Bitcoin Foundation ask U.S. Government Accountability Office (GAO) to investigate the Department of Justice (DOJ.)

From: Llew Claasen To: [email protected], [email protected], [email protected], [email protected], [email protected] Date: Thu, Aug 31, 2017 at 3:30 AM Subject: S. 1241, “Combating Money Laundering, Terrorist Financing and Counterfeiting Act of 2017”-Section 13 & Prosecutions under 18 U.S.C. § 1960
Dear Senate committee members
The Bitcoin Foundation, Inc. is a non-profit organization founded in September 2012. Comprised of senior leaders in the Bitcoin community, the Foundation coordinates joint efforts of the Bitcoin community, helping to create awareness of the benefits of Bitcoin, its use and its related technology requirements. The Foundation’s audience includes technologists, regulators, and the media, and its reach is global. The Foundation has been at the forefront of campaigning for an unimpeded economic system for the future. In November 2013, Patrick Murck, general counsel of the Foundation, testified before a United States Senate Committee convened to assess digital currencies. After engaging with federal regulators and lawmakers, a near-unanimous consensus that the federal government needed to be careful to avoid hampering the growth of the world's first completely decentralized payment network resulted.
First, the Foundation wishes to express its strong and unequivocal opposition to a specific section of a bill titled “Combating Money Laundering, Terrorist Financing and Counterfeiting Act of 2017” (S. 1241), Section 13, to the extent it includes “digital currencies” for purposes of Subchapter II of Title 31 of the U.S. Code, dealing with “Records and Reports on Monetary Instruments Transactions.”
Second, we request that the United States Committee on the Judiciary formally investigates, whether directly or through the U.S. Government Accountability Office (GAO), the U.S. Department of Justice’s policy of prosecuting individuals who exchange bitcoin for cash or other financial instruments under the federal money transmitting statute, 18 U.S.C. § 1960.
Further details of our submission to your committees are included in the letter attached here.
We look forward to engaging further with you about these very important issues.
best wishes
Llew Claasen Executive Director The Bitcoin Foundation
The packet is located here: http://www.article78againstnydfs.com/docs/BitcoinFoundation
The twitter account about Abolishing the Bitlicense: https://twitter.com/AbolishBtLicnse/status/903272515400863745
submitted by theochino to CryptoCurrency [link] [comments]

Bitcoin Foundation ask U.S. Government Accountability Office (GAO) to investigate the Department of Justice (DOJ.)

From: Llew Claasen To: [email protected], [email protected], [email protected], [email protected], [email protected] Date: Thu, Aug 31, 2017 at 3:30 AM Subject: S. 1241, “Combating Money Laundering, Terrorist Financing and Counterfeiting Act of 2017”-Section 13 & Prosecutions under 18 U.S.C. § 1960
Dear Senate committee members
The Bitcoin Foundation, Inc. is a non-profit organization founded in September 2012. Comprised of senior leaders in the Bitcoin community, the Foundation coordinates joint efforts of the Bitcoin community, helping to create awareness of the benefits of Bitcoin, its use and its related technology requirements. The Foundation’s audience includes technologists, regulators, and the media, and its reach is global. The Foundation has been at the forefront of campaigning for an unimpeded economic system for the future. In November 2013, Patrick Murck, general counsel of the Foundation, testified before a United States Senate Committee convened to assess digital currencies. After engaging with federal regulators and lawmakers, a near-unanimous consensus that the federal government needed to be careful to avoid hampering the growth of the world's first completely decentralized payment network resulted.
First, the Foundation wishes to express its strong and unequivocal opposition to a specific section of a bill titled “Combating Money Laundering, Terrorist Financing and Counterfeiting Act of 2017” (S. 1241), Section 13, to the extent it includes “digital currencies” for purposes of Subchapter II of Title 31 of the U.S. Code, dealing with “Records and Reports on Monetary Instruments Transactions.”
Second, we request that the United States Committee on the Judiciary formally investigates, whether directly or through the U.S. Government Accountability Office (GAO), the U.S. Department of Justice’s policy of prosecuting individuals who exchange bitcoin for cash or other financial instruments under the federal money transmitting statute, 18 U.S.C. § 1960.
Further details of our submission to your committees are included in the letter attached here.
We look forward to engaging further with you about these very important issues.
best wishes
Llew Claasen Executive Director The Bitcoin Foundation
The packet is located here: http://www.article78againstnydfs.com/docs/BitcoinFoundation
The twitter account about Abolishing the Bitlicense: https://twitter.com/AbolishBtLicnse/status/903272515400863745
submitted by theochino to dogecoin [link] [comments]

Bitcoin Foundation ask U.S. Government Accountability Office (GAO) to investigate the Department of Justice (DOJ.)

From: Llew Claasen To: [email protected], [email protected], [email protected], [email protected], [email protected] Date: Thu, Aug 31, 2017 at 3:30 AM Subject: S. 1241, “Combating Money Laundering, Terrorist Financing and Counterfeiting Act of 2017”-Section 13 & Prosecutions under 18 U.S.C. § 1960
Dear Senate committee members
The Bitcoin Foundation, Inc. is a non-profit organization founded in September 2012. Comprised of senior leaders in the Bitcoin community, the Foundation coordinates joint efforts of the Bitcoin community, helping to create awareness of the benefits of Bitcoin, its use and its related technology requirements. The Foundation’s audience includes technologists, regulators, and the media, and its reach is global. The Foundation has been at the forefront of campaigning for an unimpeded economic system for the future. In November 2013, Patrick Murck, general counsel of the Foundation, testified before a United States Senate Committee convened to assess digital currencies. After engaging with federal regulators and lawmakers, a near-unanimous consensus that the federal government needed to be careful to avoid hampering the growth of the world's first completely decentralized payment network resulted.
First, the Foundation wishes to express its strong and unequivocal opposition to a specific section of a bill titled “Combating Money Laundering, Terrorist Financing and Counterfeiting Act of 2017” (S. 1241), Section 13, to the extent it includes “digital currencies” for purposes of Subchapter II of Title 31 of the U.S. Code, dealing with “Records and Reports on Monetary Instruments Transactions.”
Second, we request that the United States Committee on the Judiciary formally investigates, whether directly or through the U.S. Government Accountability Office (GAO), the U.S. Department of Justice’s policy of prosecuting individuals who exchange bitcoin for cash or other financial instruments under the federal money transmitting statute, 18 U.S.C. § 1960.
Further details of our submission to your committees are included in the letter attached here.
We look forward to engaging further with you about these very important issues.
best wishes
Llew Claasen Executive Director The Bitcoin Foundation
The packet is located here: http://www.article78againstnydfs.com/docs/BitcoinFoundation
The twitter account about Abolishing the Bitlicense: https://twitter.com/AbolishBtLicnse/status/903272515400863745
submitted by theochino to CryptosUnited [link] [comments]

Bitcoin Daily Update... 9300 held what next? - YouTube BITCOIN ABOUT TO BREAKOUT?! Or Rejection Back to $5k? Alle Gründe warum der BITCOIN CRASH wirklich entstanden ist ⚠ #BTC #BITCOIN to the MOON BITCOIN PRIVATE SOFTWARES BITCOIN prediction, BITCOIN price analysis, Cryptocurrency Trading overview for 02.11.2020

The GAO report suggested that the Consumer Financial Protection Bureau (CFPB) be tasked with the job. The agency was created in the wake of the 2007 financial crisis, and is already tasked with handling thorny finance-related industries such as payday lenders and debt collectors in addition to traditional organizations like banks and credit unions. The GAO said that the CFPB was uniquely ... As virtual currencies like bitcoin grow in popularity, how can IRS be sure that people are paying relevant taxes?IRS addressed some taxpayer questions in its 2014 and 2019 virtual currency guidance. For example, the guidance says that using virtual currency can produce taxable capital gains.But IRS could do more to help taxpayers comply. Financial institutions already report information about ... The GAO points out that, across three years, the IRS was trying to garner clues from the 900 people that had self-reported Bitcoin capital gains. That’s right – from 2013 to 2015, nearly a ... Bitcoin.com 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 press release. The post PR: WaykiChain CEO Gordon Gao Building a Win-Win Public Blockchain appeared first on Bitcoin News. GAO describes the whole project, the privacy of the persons in the database and the accuracy in their report: “The Department of Justice’s (DOJ) Federal Bureau of Investigation (FBI) operates the Next Generation Identification-Interstate Photo System (NGI-IPS)—a face recognition service that allows law enforcement agencies to search a database of over 30 million photos to support ...

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Bitcoin Daily Update... 9300 held what next? - YouTube

This video is unavailable. Watch Queue Queue. Watch Queue Queue None of my Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Binance Coin (BNB) videos - or any other cryptocurrency videos/online posts - count as financial advice. I am not liable for any losses you ... This video is unavailable. Watch Queue Queue. Watch Queue Queue GAO: Comptroller General Testifies to U.S. House on GAO’s 2019 High Risk List Update - Duration: 5:20. U.S. Government Accountability Office (GAO) 389 views 5:20 Alle Gründe warum der BITCOIN CRASH wirklich entstanden ist ⚠📉 #BTC #BITCOIN to the MOON 💩 👇🏻Interessante Projekte / Produkte die ich nutze👇🏻 💖Abo wenn es di...

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