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    Delaware's 'Blockchain for record keeping' bill approved

    DE SB69 are intended to provide specific statutory authority for Delaware corporations to use networks of electronic databases (examples of which are described currently as distributed ledgers or a blockchain) for the creation and maintenance of corporate records, including the corporations stock ledger.

    The bill now includes a definition of stock ledger. It requires that the stock ledger serve three functions contemplated by the Delaware General Corporation Law:

    • it must enable the corporation to prepare the list of stockholders specified in Sections 219 and 220;

    • it must record the information specified in Sections 156, 159, 217(a) and 218; and,

    • as required by Section 159, it must record transfers of stock as governed by Article 8 of subtitle I of Title 6.

    Sections 151, 202 and 364 are also amended to clarify that the notices given to holders of uncertificated shares pursuant to those sections may be given by electronic transmission.

    Delaware’s governor signed legislation allowing Delaware corps to use blockchains for record keeping, including the stock ledger on July 21, 2017.

    For more updates, technical blogs and general discussion on Blockchain Technology and Ethereum, please join us at our Website, reddit, Facebook, Medium, Slack and follow us at Twitter. Please feel free to share this post, email us with your suggestions.

    #blockchain #news #USA #Delaware #cryptocurrency

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    Ziber - another ICO scam

    Ziber , seems to be another ICO scam. They had sale of the tokens on July 27, 12:00 GMT. In the middle of the sale, team updated with the message of being attack by hacker and provided another address for sending ETH .

    According to the FB post , it looks like Ziber was a scam, the working wallet address shared was 0xAb98922CA2be48214539c7D5Dc63a343d14d7227 which didn't seem to be contract address but general address.

    People had lot of anger towards these fake ICO and blockchain projects fund raiser which are designed to take money of innocent investors. It is strongly advised to do own due diligence before investing in any ICO or fund raiser.

    For more updates, technical blogs and general discussion on Blockchain Technology and Ethereum, please join us at our Website, reddit, Facebook, Medium, steemit and follow us at Twitter. Please feel free to share this post, email us with your suggestions and connect at LinkedIn.

    #blockchain #ziber #cryptonews #ethereum #ico

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    What is Propy?

    Propy is the world’s first international real-estate marketplace. The team at Propy.com facilitates connections between international entities to enable the seamless purchase of international real-estate online for the first time. It is dedicated to solving the problems of purchasing property across borders.

    Propy ICO

    Propy had announced that it will be introducing the property industry’s first ICO offering. ICO was initially planned on July25, 2017, but has been delayed and expected to be between 10th-15th of August, 2017, Date is yet to be announced, stay tuned.

    According to PROPY's press release on June 30, 2017, “Propy…have today announced preliminary plans for a global cryptocurrency crowdsale to accelerate its two-year initiative to build a peer-to-peer real-estate exchange platform….The goal is to bring the $217 trillion world of overseas property transactions into the 21st century.

    With a $340bn market size of all cross-border real estate trading annually, the addressable market of Propy is more than $3.5bn annually. Propy tokenizes these revenues and shares as part of the revenue with the token holders.

    The commission that Propy takes from the final purchase price is smaller than other intermediaries in the process. Additionally, future expansions of the Propy.com platform will eliminate multiple intermediaries, creating a total fee structure which is far superior to other solutions."

    Built on Ethereum, the platform promises to automate real time transaction process using smart contracts, enabling greater efficiency, lesser paperwork and lower costs for buyers and sellers in the global real estate marketplace.

    Project Overview

    For more updates, technical blogs and general discussion on Blockchain Technology and Ethereum, please join us at our Website, reddit, Facebook, Medium, steemit and follow us at Twitter. Please feel free to share this post, email us with your suggestions and connect at LinkedIn.

    #cryptocurrency #ethereum #blockchain #propy #ICO

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    What is Ethereum?

    Ethereum is a revolution in Blockchain Technology. It may sound a bit complicated for non-technical person, but it is designed and being upgraded to make our life much simpler.

    Ethereum is an open source blockchain platform with built in programming language that allows developers to write, test and execute their decentralized application (contract). Data stored on Ethereum blockchain can be viewed by anyone but one having the private key can access it, and is the owner. Any transaction performed is anonymous, parties involved are always unknown.

    In very simple words, Ethereum is an application of blockchain technology similar to Bitcoin but with wider scope of application.

    To grasp Ethereum, we need to comprehend its features. This post should help understand overall Ethereum ecosystem in a little less technical way.

    Ethereum – The world computer

    Initial idea of Ethereum was conceived as ‘World Computer’ that would decentralize the existing centralized client-server model. In the existing model, data sent across the network to the client is controlled by central server. Server is powerful and data can be controlled by the owner of the server. Other than the control issue, this model is expensive, and suffers downtime too.

    0_1501206288116_Client-server-model.png

    Image: Client Server model from Wikipedia

    Blockchain technology, wipes out central server and make every client (called "nodes") across the globe as the server with each one having full control of data with consensus and hence is censorship proof (forming a ‘World Computer’).

    Ethereum - A Distributed Ledger

    Ethereum is based on distributed database concept, data is stored in multiple physical locations, among multiple nodes following the Ethereum blockchain. Distributed database allows users to replicate and share files across a network leveraging peer-to-peer protocols. Consensus mechanisms is used to ensure fault-tolerant communications, and provide concurrency control through locking and/or time-stamping mechanisms.

    0_1501206514935_BLK-Eth.png

    Image : Distributed Ledger model

    Ethereum is a distributed ledger (DL); a distributed database that leverage cryptography to provide a decentralized multi-version concurrency control mechanism and to maintain consensus about the existence and status of shared facts in trustless environments. It stores the data on the concept of Merkle Tree and provides the ability to secure transactions in competing environments, without trusted third parties.

    Bitcoin is the first example of distributed ledger technology (DLT), yet Ethereum is gaining more acceptance. This is because Bitcoin is designed for one purpose that is peer-to-peer payments (cryptocurrency), whereas Ethereum is designed to execute programmable transactions (smart contracts). It has decentralized application (DApps) that makes it powerful and developer friendly. DApp is application without any middleman, where users can directly interact with social system, financial system etc. in a peer to peer way. Both uses chained blocks of data (hence the ‘blockchain) to avoid double spending and a proof of work (PoW) consensus among other mechanisms, though Ethereum is planning to switch on Proof of stake (PoS) and implement privacy mechanisms zk-SNARKS. Ethereum is censorship resistant, its key features are: Practical Byzantine Fault Tolerant (PBFT), anonymity, auditability (public), immutability, accountability (time-stamping) and non-repudiation (signature) at transaction level.

    Ethereum – The Linux of Blockchain

    Let’s try to understand the kinship between Ethereum and Linux. Linux kernel is an open source operating system kernel which allows other OS to run on top of it. Linux is the leading operating system on servers and other big iron systems such as mainframe computers, and is used on 99.6% of the TOP500 supercomputers. It is used by around 2.3% of desktop computers. Popular operating systems such as Android, Chrome OS and other general-purpose operating systems are also based on Linux. Ethereum resembles Linux in blockchain space.

    0_1501207036366_Eth Ecosystem.png

    Image: Ethereum ecosystem

    Ethereum stimulates much of the innovation within the blockchain space. Ethereum is a universal programmable blockchain. The Ethereum ecosystem provides an open source platform for developers to create, test decentralized applications (DApps) and to run on blockchain, using smart contracts. Amount of DApps getting built on the network with every passing day, points towards the ease and popularity of Ethereum in developer’s community.

    Ether – The Digital Asset

    One of the reasons why Ethereum gets popular in the recent days is the increasing valuation of its digital currency 'Ether' (ETH). Ether is a cryptocurrency that is transferred between parties instantly, via online communication acceptable on the Ethereum blockchain.
    Compared to alternative mode of payments, Ether has a number of advantages. Transaction is global, cheaper, almost instantaneous, permission less and anonymous. One fact to be remembered is that transaction done is unidirectional and irreversible.

    How can I get Ether?

    Ether can be obtained from one or all of the below methods:

    • Purchase from an exchange – This is probably the most popular method of obtaining Ether among investors with any level of technical understanding. It can be directly purchased with Fiat currency from exchanges like Coinbase, Kraken and also can be obtained with another cryptocurrency again with help of exchange like Poloniex. Purchase from an exchange is widely accepted method for possessing Ether. A buyer can select an exchange that is supported in his location.
    • Mining Ether – Since Etherum uses Proof of Work (PoW) concept, an expensive computation method that involves scanning for a value. Finding such a rare number is hard (based on the cryptographic features of the hash function used in this process), so the miners get rewarded with a set amount of Ether (ETH) to perform this activity. Since, this entire process involves expensive hardware and consumes huge electricity, Ethereum is planning to switch to different scheme of mining called Proof of Stake (PoS).

    Where can I save Ether?

    ETH is stored in a cryptocurrency wallet or digital wallet which is very similar to online banking. When a transaction is made an electronic signature is added. After a few minutes, the transaction is verified by a miner and is stored permanently and anonymously in a network. There are many ETH wallets available in market today. Some popular wallets are MyEtherWallet, Mist Wallet, JAXX etc. Ledger Nano S  is another popular hardware wallet for ETH.

    Where can we use Ethereum?

    • DApps - With building various mainstream applications on Ethereum Blockchain, we can use it. almost everywhere, where decentralization is needed

    • Enterprise sectors - Can be used in financial transactions as well as disrupting various existing enterprise sectors such as Insurance, Real Estate, Aviation, Supply chain management etc .

    Roadmap of Ethereum.

    Ethereum has been deployed in different phases. Currently the Ethereum project is in the 2nd phase, called “Homestead”. The 4 planned phases for the growth of the Ethereum network are

    0_1501210003898_Eth Phase.png

    Image: Ethereum planned phases for growth

    • January 2014 – Announcement of Ethereum at North American Bitcoin Conference. Crowdsale - $18 M in Bitcoin

    • July 2015 - Frontier phase: Ethereum Blockchain goes live

    • March 2016 – Homestead phase: Many protocol improvements

    • We are looking forward for next phase Metropolis soon.

    Ethereum is still in growing phase. As on date it has made a remarkable position in blockchain technology. We hope to see many more mainstream adaptability of Ethereum in near future.

    For more updates, technical blogs and general discussion on Blockchain Technology and Ethereum, please join us at our Website, reddit, Facebook, Medium, Slack and follow us at Twitter. Please feel free to share this post, email us with your suggestions and connect at LinkedIn.

    #ethereum #cryptocurrency #blockchain #eli5

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    Ziber ICO starts tomorrow

    Ziber, the first blockchain mobile operator starts sale of the tokens on July 27, 12:00 GMT.

    According to the newsletter, all funds sent before the specified time will be returned.

    0xf0a924661b0263e5ce12756d07f45b8668c53380
    (view contract address at Etherscan) Contract Source Code Verified. Make sure that you transfer money to the right wallet. It should completely match with the wallet published on the website www.ziber.io.

    Money sent through exchanges is not accepted, only a direct ETH transfer.

    Main facts about Ziber

    • The finished product has been tested by thousands of users in dozens of countries around the world.

    • The company are having the token sale to raise money to scale the already existing product and promote it around the world. To open new offices, hire extra staff and engage in marketing.

    • Ziber helps usual people to earn money the next day after the ICO ends.

    • The project team and initial investors keep 10% of the ICO tokens to themselves and this will be the best motivation for them to evolve the project. The challenge is to increase the cost of Ziber tokens as the number of calls through Ziber application grow.

    • Ziber shares 10% of the ICO tokens among all owners of Blockchain and Ethereum wallets. To get these free tokens you need to confirm the ownership of your wallet by sending a micro payment to Ziber. To get a detailed guide please click the following link: https://ziber.io/howto.pdf and proceed to step number 9.

    • By taking part in the ICO everyone can purchase tokens at the price of the initial distribution. After that the tokens can be used either to pay for mobile calls or as an investment into Ziber platform, as well as for trading on cryptocurrency exchanges.

    • The minimal acceptable funding is 5000 ETH and the upper limit is set to 50000 ETH. After collecting 50000 ETH the ICO will be closed.

    Details of ICO and investment guide can be read here.

    For more updates, technical blogs and general discussion on Blockchain Technology and Ethereum, please join us at our Website, reddit, Facebook, Medium, steemit and follow us at Twitter. Please feel free to share this post, email us with your suggestions and connect at LinkedIn.

    #blockchain #ziber #cryptonews #ethereum #ico

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    Press Release

    KickCity - Disrupting a $30 Billion Event Ticketing Industry with Blockchain

    KickCity is a revenue generating Event Startup that plans to disrupt the event industry by introducing KICK – a decentralized, transparent and reward-based event token. KICK will be used for ticket purchasing, reward-based event promotion, event community building and will be available for trading in the exchange market. The company is going to raise more than $7 million during the ICO (Initial Coin Offering).

    The first generation of the digital revolution brought us the Internet of information. The second generation — powered by blockchain technology — is bringing us the Internet of value: a new platform to reshape the world of business and transform the old order of human affairs for the better”- Don & Alex Tapscot.

    The Event industry is in need of disruption with multiple problems like:

    • expensive ticket price due to high transaction fees from banks and credit card companies;
    • ineffective non-transparent advertisement / expensive event promotion campaigns;
    • ticket touting, reselling and availability of fake tickets.

    KickCity will allow for the development of a universal token for events — ‘KICK’ and KickCity protocol which is composed of Ethereum Smart Contracts will allow for the development of a decentralized event platform and promotion asset, ticket processing and transactions and event community building. An ideal solution for the event industry where all the participants in the marketplace are satisfied.

    KickCity – is a community-based social event platform for event organizers and attendees. For the past year, ‘KickCity, Inc.’ has focused on building community around events, providing event organizers with tools to create, promote and monetize their events.

    KickCity is

    • a ‘Y Combinator’ Startup School alumni

    • operates in several continents

    • the first event platform that accepts Bitcoin payments for events

    Using blockchain, KickCity plans to connect event organizer with attendees without third party interruption like banks (for processing), provide a trust system and allow effective marketing.
    KickCity recently received grant from the Helsinki Government and also is currently discussing cross-platform integration with big Russian telecommunication giant.

    Project Overview

    Disclaimer: Information provided here is by KickCity team.

    For more updates, technical blogs and general discussion on Blockchain Technology and Ethereum, please join us at our Website, reddit, Facebook, Medium, steemit and follow us at Twitter. Please feel free to share this post, email us with your suggestions and connect at LinkedIn.

    #cryptocurrency #ethereum #blockchain #events #kickcity #ICO

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    After long wait, The Securities and Exchange Commission (SEC) finally came up with its statement on ICO/token sale. An investigation was conducted in the New York office by members of the SEC's Distributed Ledger Technology Working Group (DLTWG) supervised by Lara Shalov Mehraban.

    The SEC's Report of Investigation found that tokens offered and sold by a "virtual" organization known as "The DAO" were securities and therefore subject to the federal securities laws. The Report confirms that issuers of distributed ledger or blockchain technology-based securities must register offers and sales of such securities unless a valid exemption applies. Additionally, securities exchanges providing for trading in these securities must register unless they are exempt.

    With a press release on July 25, 2017, The Securities and Exchange Commission (SEC) issued an investigative report cautioning market participants that offers and sales of digital assets by "virtual" organizations are subject to the requirements of the federal securities laws.

    Whether a particular investment transaction involves the offer or sale of a security – regardless of the terminology or technology used – will depend on the facts and circumstances, including the economic realities of the transaction.

    "The innovative technology behind these virtual transactions does not exempt securities offerings and trading platforms from the regulatory framework designed to protect investors and the integrity of the markets," said Stephanie Avakian, Co-Director of the SEC's Enforcement Division.

    SEC Chairman Jay Clayton said that, "The SEC is studying the effects of distributed ledger and other innovative technologies and encourages market participants to engage with us. We seek to foster innovative and beneficial ways to raise capital, while ensuring – first and foremost – that investors and our markets are protected."

    The SEC's Office of Investor Education and Advocacy today also issued an investor bulletin educating investors about ICOs. It is not wrong to say that SEC is not against cryptocurrency. Even after the rejection of Bitcoin ETF, SEC seek public opinion about Ethereum ETF in May 2017.

    For more updates, technical blogs and general discussion on Blockchain Technology and Ethereum, please join us at our Website, reddit, Facebook, Medium, Slack and follow us at Twitter. Please feel free to share this post, email us with your suggestions.

    #ethereum #SEC #blockchain #FinTech #cryptocurrency #events #ICO #news

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    (Blockchain eNewspaper)
    News

    Project updates

    New Projects

    • openZen - The New Milestone of the Internet

    • Ambrosus - Ethereum and the food sector.

    • Propy - Propy's full White Paper is online!

    • Etherep - Simple Ethereum reputation dapp

    • Stox - building a prediction market using Bancor's token. White paper released.

    • Everdant -A protocol for financing across the value chain for small farmers. Draft white paper available.

    • HelloGold - Tokenized gold aimed at low-medium income people in Asia.

    Hiring and Bounty

    Developer's Update

    ICO / Token sale updates

    Upcoming Events

    For more updates, technical blogs and general discussion on Blockchain Technology and Ethereum, please join us at our Website, reddit, Facebook, Medium, Slack and follow us at Twitter. Please feel free to share this post, email us with your suggestions.

    #Ethereum #blockchain #FinTech #cryptocurrency #bounty #events #ICO #news

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    Aventus - Crowdsale postponed, Social Bounty Campaign updated

    Aventus, a fair, secure, and transparent blockchain-based event ticketing solution project has published Social Bounty Campaign update today, on July 20, 2017, to announce and to clear up any confusion about Aventus future plans.

    As informed earlier, the crowd sale (earlier planned to start from July 19, 2017) has been postponed to late August (exact date will be announced in the coming weeks). This change in plan has affected the social bounty campaign.

    • The current social bounty campaign will end on July 23, 2017. The total reward for this bounty, to be distributed amongst all participants, is 0.75% of the total supply of AVT. All participant stakes will be calculated and finalised next week.

    • A new social bounty campaign will begin next week and run till end of August when the token sale occurs. This will also have a total reward of 0.75% of the total supply of AVT. The new campaign will have different rules from the campaign prior. It will be announced next week.

    • All bounty stakes for both campaigns will be paid latest 2 weeks after the end of our crowd fund period in September, 2017.

    For more updates, technical blogs and general discussion on Blockchain Technology and Ethereum, please join us at our Website, reddit, Facebook, Medium, steemit and follow us at Twitter. Please feel free to share this post, email us with your suggestions and connect at LinkedIn.

    #Ethereum #Blockchain #Aventus #ICO #Cryptocurrency #bounty

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    Join EOS in Washington D.C., Silicon Valley, and New York City in July and August 2017

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    EOS, a Smart Contract Platform, has recently announced giving a select number of VIP passes to community members that are interested in becoming potential EOS developers and/or ambassador for upcoming events in

    If interested, email events@block.one with a little information about yourself and your desire to join EOS.

    EOS "token distribution", the token sale that will take place over a one-year period on Ethereum, for the sale of 1 billion tokens to be sold over 341 days has started on June 26, 2017. Block.one wants EOS to be used by large businesses, enabling corporations to automate processes, monitor assets, and create multiple applications.

    "EOS aims to be the foundation for business applications in the
    blockchain world", Brock Pierce, co-founder of block.one.

    EOS founded by Dan Larimer is getting ready to 'Decentralize Everything'. EOS is already being traded on Bitfinex from July 01, 2017 and on CHBTC.com from July 6, 2017.

    For more updates, technical blogs and general discussion on Blockchain Technology and Ethereum, please join us at our Website, reddit, Facebook, Medium, steemit and follow us at Twitter. Please feel free to share this post, email us with your suggestions and connect at LinkedIn.

    #eos #ethereum #cryptocurrency #blockchain #cryptonews

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