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    EOS on ICO ban in China

    EOS, a startup on blockchain, which has an year long ICO going on, issued statement regarding proposed changes to PRC Law stating,

    "Chinese persons are strictly prohibited and restricted from using the EOS Smart Contract and/or purchasing EOS Tokens. If a Chinese person uses the EOS Smart Contract and/or purchases EOS Tokens, such person has done so and entered into the EOS Token Purchase Agreement on an unlawful, unauthorized and fraudulent basis and such agreement will be null and void."

    Statement Regarding Mr. Li Xiaolai

    block.one also wants to clarify and confirm that the development of the EOS.IO software and the distribution of the EOS Tokens are independent projects of block.one, and Mr. Li Xiaolai is not a co-founder, director, officer, fiduciary, employee, agent or team member of block.one. Furthermore, block.one has not commissioned Mr. Li Xiaolai to act as a spokesperson for the EOS project or block.one in any way, including in relation to the EOS Token distribution.

    If you have any questions regarding the foregoing, please contact support@block.one.

    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 #eos #cryptonews #ethereum #smartcontract #cryptocurrency

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    Cryptographic vulnerabilities identified in IOTA

    IOTA, a cryptocurrency without a blockchain, currently listed under top 10 cryptocurrency has recently been reported of serious vulnerability by Neha Narula, Director, Digital Currency Initiative at the MIT Media Lab.

    The IOTA network was launched on July 11, 2016 and its token was listed on Bitfinex on June 14, 2017. A fixed supply of 2.77 Billion MIOTA (currency units) was created when the network was launched. 1 MIOTA (mega/million IOTA) is equal to 1,000,000 IOTA. As of September 8, 2017 IOTA has a market capitalization of $1.5B making it, at the time of writing, the 9th most valuable blockchain based cryptocurrency by market cap.

    Vulnerabilities were disclosed to the IOTA developers over a month before publishing the detailed report "Cryptanalysis of the Curl Hash Function Enabling Practical Signature Forgery Attacks on the IOTA Cryptocurrency" to patch their system. In response the IOTA developers have updated IOTA to no longer use the Curl hash function to hash transactions as part of the IOTA signing process also. The current version of IOTA does not have the vulnerabilities found by MIT Media Lab team (Neha Narula, Ethan Heilman, Tadge Dryja, Madars Virza), they had been fixed on Aug 7, 2017. But the fact that none of IOTA’s partners raised these concerns about a glaring vulnerability in an approx. $2B cryptocurrency, or spoke about the other red flags, is worrisome.

    According to the post, "The digital currency space is still new, and we are confident that robust, useful technologies will continue to emerge and gain adoption."

    "While one of the most important features of blockchains is removing the need for trusted third parties, most people don’t have the time or background to thoroughly evaluate the software, which means that trust is still needed: trust in the developers of the project, or someone else capable of evaluating the software.

    I think it’s important that the public is aware of our investigation and what we found. In this space, extraordinary claims warrant extraordinary evidence; there’s a need to temper large claims with rigorous due diligence, and right now, that is not happening nearly enough. Large organizations and well-known individuals should not lend their names and reputation to technology they have not vetted," says Neha Narula.

    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 #IOTA #Tangle #DLT #cryptonews #IOT

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    Aventus - ICO sold out in 7 minutes, updates on changes in DApp Idea Competition

    Aventus, a blockchain based project on Event Ticketing Solution had its crowd sale on September 6, 2017, 12:00pm UTC , It may be one of the fastest crowd sale ever that lasted only for 7 minutes after hitting our hard cap of ~60,000 ETH.

    Team Aventus updated on Twitter, "#aventus token sale sold out in 7 minutes. Thanks everyone!!!!"

    Aventus raised 27.3k ETH in pre-sale began in July. Their Whitelist contribution period on September 5, 2017 ended in just 4 hours, at price of 92 AVT per ETH. Team aimed to raise min of 24,000ETH and max of 60,000 ETH, which they achieved in just 7 minutes. Congratulations to team!!

    Changes in DApp Idea Competition

    Aventus, invited public to present detailed ideas for DApps powered by the Aventus protocol by announcing Aventus Protocol DApp Ideas Competition on August 20, 2017. Based on the feedback received from the community, they announced to implement a few changes to the DApp idea proposal competition.

    Considering, the voting process could be easily game-able, they decided to implement following changes:

    • All proposals will be sent directly to the judges who will evaluate each one based on its merit.

    • The criteria will be based on feasibility in the ticketing industry, usage of the Aventus protocol, overall marketability, and business model.

    • The judges will choose the best 3 ideas out of the whole lot. This gives everyone an equal, merit-based chance of being one of the winners.

    Since there are many more proposals to review, the judges will have from today September 08, until Thursday September 14 to choose the winner, runner-up, and third place ideas. Prizes will then be announced on Friday, 15 September 2017.

    If you have any questions about the competition or any of the changes, please contact the #dapp-competition channel on Slack.

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

    #Cryptocurrency #Ethereum #Blockchain #Aventus #ICO

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    Filecoin made record fundraising with $257 million in ICO

    Filecoin, a blockchain project of decentralized storage network with a native protocol token is finally done with its month long token sale. They created a new all time record in crowdfunding by raising $257 million in ICO.

    Filecoin token sale originally started from August 10, 2017; within an hour of sale, they raised about $190 million and ICO had to be paused because CoinList, the website hosting crowd sale, experienced massive load, in terms of pageviews, users watching live, and transaction volume. They received overwhelming response at pre-sale as well, where they raised about $52 million. Filecoin ICO was finally completed yesterday raising record funding for a start-up of about $257 million including pre-sale funds.

    Filecoin ICO was strictly following the guidelines issued by The Securities and Exchange Commission (SEC), still we couldn't see any less crazy ICO. The fund raised is highest so far. If we consider few ICOs that took place this year, we will see the trend is just increasing. The increase in fund made available to the startups will amaze you. (Fund raised is evaluated based on the value of ETH at the time of ICO).

    0_1504924535889_Slide15.png

    Considering the enormous growth in user's contribution to the start-ups, government and agencies are trying to regulate the unregulated market of cryptocurrency, that sounds contradicting in itself. China even declared Crowd funding illegal in the country. It is difficult to say that these regulations are to limit users from participation or to make it more tempting. Nevertheless, despite immense efforts of regulatory bodies, the graph clearly shows that the vision of cryptocurrency of making public as bank is not very far from reality.

    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 #cryptocurrency #ethereum #filecoin #ICO

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    (Blockchain eNewspaper)
    News

    New Projects & Whitepaper

    • Virtue Poker - a decentralized platform for playing online poker with Ether (“ETH”). White Paper released.

    • Data Broker DAO. p2p marketplace for IoT sensor data. white paper available.

    • Ubitok - exchange for trading Ethereum tokens. An on-chain order book, live on Ropsten.

    • Lannister - collateralize tokens, ENS name, any ownable contract.

    • Opakeco - Bringing transparency and accountability to humanitarian causes

    Project updates

    • KickCity - A ‘Y combinator’ Startup-school Alumnus is Using Blockchain Technology to Beat Facebook on It’s New Mission.

    • Aventus Presale phishing attack and update

    • EOS update - The Dawn of EOS.IO. Project is ahead of schedule.

    • Status Development Update for 28–30th August

    • MyEtherWallet Ether Cards Are Now Available.

    • OpenLaw - Making Token Sales Smart

    • AirSwap launched their new website.

    Hiring

    • Current Job Openings at Consensys.

    • The Virtue Poker team is actively hiring! Please send your resume and desired role to ryan@virtue.poker and we will get back to you if we believe there is a strong fit for you within Virtue Poker.

    Bounty

    Newbie Corner

    Developer's Update

    ICO / Token sale updates

    • Viberate - September 5, 2017.

    • Aventus - September 6, 2017

    • Atlant - September 6, 2017.

    • Eventchain - September 13, 2017

    • Etherparty - September 15, 2017

    • KICKICO - unified platform for ICO, crowdinvesting & crowdfunding powered by smart contracts - ICO will be launched from October 1, 2017.

    • Minerva token sale date changed to October 1, 2017.

    • REcoin ICO -  the initial fundraising period and token pre-sale stage - is scheduled for August 7th - October 9th, 2017.

    • AIRSWAP - October 10, 2017

    • DMarket – a decentralized marketplace to turn every virtual item into a real commodity - 1-15 of November 2017 (12:00 PM NYC Time, UTC-5)

    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 #ICO #news

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    Aventus Presale phishing attack and update

    Aventus, a blockchain-based event ticketing solution is the recent victim of malicious hacking using MailChimp.

    According to Aventus blog, one of the employee’s accounts was compromised, which is how the hackers managed to access MailChimp and got community’s email addresses. On. September 2, 2017 at around 22:20 BST a login to Aventus Mailchimp account from IP: 176.126.252.3 in Bucharest, Romania occurred, and a fraudulent email was sent out about an illegitimate Aventus Presale, phishing for contributions to a hacker’s address. Given the strict internal security policy at Aventus, the individual had restricted access to everything, which is why the situation was limited to MailChimp and could be quickly rectified within 20 minutes.

    Later, Aventus sent out a follow up email that stated that the previous email was a scam to the entire mailing list warning them not to contribute funds, and we answered every email and Slack question that came in and confirmed that the scam was indeed a scam. They confirmed that all other sensitive information and Aventus accounts remained completely secure and untouched by the hack.

    Annika Monari and Alan Vey, the founders and directors of Aventus are taking full responsibility for the Aventus Presale Phishing Attempt which took place yesterday. Aventus published a message to address the incident which ended up obtaining around 39 ETH from innocent community members.

    "We are extremely sorry for the pain we have caused some of you. We value our community above everything so to us there is nothing worse than some of our loyal members and newer crypto enthusiasts being taken advantage of by malicious and cowardly actions such as those last night. We will be restoring all stolen funds in this recent scam attempt provided you can prove being in the community for a while and are not part of the hack and the transaction was sent before the release of the second email confirming the SPAM (about a 30 min window); we have already been in direct contact with some of the individuals who lost funds, but if you have not been in touch yet please email us at tokensale@aventus.io with information about yourself and your transactions so we can refund your loss", reads the message.

    Aventus ICO is planned on 06 SEPTEMBER 2017 12:00 UTC. They may have plenty of announcements coming today, tomorrow, and before the token sale.

    This is a huge lesson to all startups that not only ICO and pre-ICO requires extremely high standard of security, even security of MailChimp cannot be overlooked.

    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.

    #Cryptocurrency #Ethereum #Blockchain #Aventus #ticketing #events

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    Protostarr.io, a blockchain startup, proposed to develop a smart contract as a way for rising internet celebrities on YouTube, Twitch and other video and live streaming platforms to get funded by their fans. They even had their initial coin offering (ICO) began on August 13, 2017 which helped them raise 119.5 ETH , valued approx. $ 47,000 USD (as on Sep 01, 2017).

    According to a press release on August 31, 2017, they were
    contacted by the United States Security and Exchange Commission (SEC) regarding the initial coin offering of Protostarr tokens to fund the development of their Ethereum decentralized application.

    “After consultation with multiple lawyers, we have decided to cease further operations and refund Ethereum collected in our crowdsale that began on August 13, 2017”.

    “Like many of our supporters, we were excited to be an innovative force in the emerging space of content creation and its funding. Unfortunately, as a startup, we do not have the necessary resources to both develop our [decentralized application] and challenge the SEC’s investigation regarding our ICO and its interpretation under US securities law,” the statement read.

    The Securities and Exchange Commission (SEC) issued an investigative report on July 25, 2017, cautioning market participants that offers and sales of digital assets by "virtual" organizations are subject to the requirements of the federal securities laws. The report determined that DAO tokens were securities and confirmed that some but not all coins are structured as securities and so the ones that are would need to register with the SEC.

    Apparently, team did not consult a lawyer before its ICO. With a small team of tech nerds, they missed out on specific laws that were applied to them and by the time they realized, it was too late.

    Protostarr is the first project that has to shut down due to SEC regulations on cryptocurrency. Another crypto startup Harbour, also had to postponed ICO and returned money of investors who participated in Pre-ICO, after the SEC report.

    Individuals who paid Ethereum to the Protostarr.io crowdsale, will receive a refund to the originating wallet address. Refunds will begin on September 02, 2017 for all incoming transactions made to the crowdsale wallet before the refund date. For immediate inquiries related to the refund of payments, contact info@protostarr.io.

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

    #ethereum #blockchain #Protostarr #cryptocurrency #ICOnews

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    KickCity - A ‘Y combinator’ Startup-school Alumnus is Using Blockchain Technology to Beat Facebook on It’s New Mission

    Press Release

    The crypto-world is the next reality and KickCity plans to connect everyone in the crypto-world through reward-based communities on blockchain. The company has been existing for more than 2 years with products that generate revenue.

    Community-building is the future of social interaction. Mark Zuckerberg of Facebook understands this and that was why he recently changed Facebook’s mission in an open letter to his employees.

    To achieve this mission quickly, the company has broken the process into 2 major stages.

    1. Event Platform on Blockchain

    This stage is 70% complete and already generating thousands of dollars in revenue. By focusing on Blockchain events, the platform will support stronger offline and online communities. Users currently can buy tickets using FIAT and Bitcoins and certain ERC20 Tokens.

    2. Value Communities

    KickCity protocols will allow for the creation of value communities where information and content can be exchanged simultaneously without third-parties. Facebook + Slack on Blockchain.

    KICK-Tokens

    KICK-tokens are smart standard ERC20 tokens which implement Bancor protocols, providing asynchronous price-discovery while maintaining continuous liquidity by using constant ratios of reserve tokens (held through smart contracts, acting as automated market makers.

    Token Economy

    • Decentralized P2P Event Marketing & Promotion 
      Traditional event marketing with CPC model has failed as the conversion rate is very low. KickCity P2P protocol will use smart contracts to distribute reward among users based on their promotional power. Basically, a decentralized and transparent referral system for the event industry where anyone can earn KICK for their promotional power and event makers can save time, energy and money.
    • Event Crowdfunding 
      KICK smart tokens will allow for event crowdfunding. For example, an organizer can receive funds for hosting and organizing an event while users that contributed can attend his event using the issued tokens.
    • White Label and Network Token
      It will be easier and quicker to integrate with established event companies (like Ticketmaster or Eventbrite) using the network token. KICK will serve as a reserve token for other event tokens (i.e Ticketmaster token). The more other tokens are used in other event platforms, the more the value of KICK-tokens.

    • Value Community
      With more people joining crypto-communities each day, there is need for a blockchain-based community platform. This will allow for exchange of information and value. A Value Network is a set of connections between individuals interacting with each other to benefit the entire group. A Value Network allows members to buy and sell products as well as share information. The nodes in a value network represent people. For the ICO- community, managing different communities in different platforms (like Slack, Telegram, WeChat etc) is a herculean task. KickCity proposes a common decentralized platform for community building for the crypto-world. Community creators can charge a fee in KICK and participants pay to join communities. 2% of every transaction goes to the reserve, thereby propping the appreciation of KICK-tokens.

    With the token economy and blockchain technology, KickCity has a value advantage for it’s users (such as the possibility to earn rewards and exchange value) over Facebook, who makes money off the data of it’s users.

    Crowdsale

    160 million tokens will be distributed during the initial token sale with a price of 1ETH = 3000 KICK tokens.

    Contacts
    hello@kickcityapp.com
    Facebook
    Twitter
    Telegram

    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 #hypethon

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    (Blockchain eNewspaper)
    News

    • US Congress Wants to Impose Blockchain Standards - A group of U.S. legislators known as the Congressional Blockchain Caucus has partnered with MIT and the National Institute of Standards and Technology (NIST) to study how to institute security standards for the use of blockchain technology in the U.S.

    • Falcon Bank adding support for Ethereum

    • Bank of Mexico Rejects ‘Virtual Currency’ as Legal Classification for Bitcoin

    • Government considers recognising Bitcoin in Vietnam

    • Bank of America Files 9 More Blockchain Patent Applications

    • Etherparty and Rootstock Announce Strategic Partnership

    • Segregated Witness activated on Bitcoin - The Segregated Witness soft fork has been activated on the Bitcoin network. All SegWit ready nodes started enforcing the new SegWit consensus rules.

    • Finnish Police Launch OneCoin Investigation Amid Global Crackdown.

    Project updates

    • KickCity is on AppStore and google play

    • District0x: How to Vote on District Proposals With DNT — Revolutionizing eCommerce, Together

    • Aragon- buyback transparency report

    • Decentraland- token launch recap

    • Melonport- M-0 conference announced

    • TenX- dev update

    New Projects & Whitepaper

    • Mercury Protocol - Centralized communication platforms built on the Ethereum Blockchain. White paper

    • Lotos - Buddhism on Ethereum

    • HASH RUSH - Next-generation hash-powered browser game

    • MediaSifter - "web interface for structuring and managing complex payments"

    • AirGap - For Crypto Transactions

    • Cent- incentivized Q&A platform

    • Maecenas- decentralized art gallery

    • Radar- token relayer powered by 0x Project

    • zeppelinOS- operating system for decentralized applications

    Hiring

    • Pantera Hiring for Marketing & IR

    Developer's Update

    • Ethereum core developers meeting update (August 25, 2017)
      • Hardfork expected late September, 2017.
      • ETH issuance reduced for the Byzantium hard fork will be 3 ETH.
      • Vitalik tweeted Ethereum difficulty adjustment, and how it reacts to various network stresses.

    • Solidity version 0.4.16 released.

    • Sawtooth Ethereum (Seth) - Hyperledger blockchain consortium introduces hybrid 'Sawtooth Ethereum' technology to bring multiple distributed ledger projects together under a single roof at Hyperledger. The Seth family consists of a new client, seth, that is used to construct and submit transactions to the network and a new transaction processor, seth-tp, that runs the Burrow Ethereum Virtual machine.

    ICO / Token sale updates

    • Power Ledger - Australia's 1st ICO

    • Aventus - September 6, 2017

    • Eventchain - September 13, 2017

    • Etherparty - September 15, 2017

    • KICKICO - unified platform for ICO, crowdinvesting & crowdfunding powered by smart contracts - ICO will be launched from October 1, 2017.

    • SWAP - October 10, 2017

    • DMarket – a decentralized marketplace to turn every virtual item into a real commodity - 1-15 of November 2017 (12:00 PM NYC Time, UTC-5)

    • REcoin ICO -  the initial fundraising period and token pre-sale stage - is scheduled for August 7th - October 9th, 2017.

    • Minerva token sale date changed to October 1, 2017.

    Upcoming Events

    Trading

    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 #ICO #news

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    0_1503813618473_Kraken1.jpg

    Kraken announced reducing the allowed decimal place precision for placing orders in trading pairs, effective Wednesday August 30, 2017 around 6 am UTC (Tuesday August 29 around 11 pm PT).

    According to the blog, new allowed number of decimal places for each pair will be 2 decimal places, which means user can place an order for $4,350.01 but not $4,350.001. Trying to place an order with more decimal places than allowed will result in an error and the order will not be created. If the “%” option is used to specify order price, the result will be truncated (rounded down) to the maximum allowed decimal place.

    Kraken has been exploring ways to deal with exponential growth user base. Last week, Kraken delisted pairs and suspended advanced order to help reduce load on the trade engine with more efficient order books. They are hopeful that reducing the price precision will help reduce extraneous activity in the order books as traders continually jump in front of each other by a very small fraction, resulting in a higher volume of canceled (unfilled) orders.

    Stay tuned for more updates, technical blogs and general discussion on Blockchain Technology and Ethereum. Join us at our Website, Facebook, Medium and follow us at Twitter. Feel free to share this post, email us with your suggestions and connect at LinkedIn.

    #ethereum #cryptocurrency #blockchain #bitcoin #kraken

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