Bitcoin.com’s Market Cap Aggregator Adds More Informative Crypto Data

A little over a year ago, our web portal launched a new market cap aggregator, Markets.Bitcoin.com, which showcases the top 500 cryptocurrency market valuations. More recently we’ve added some great data to Markets.Bitcoin.com so people can get information on not only the price of their favorite coins, but also real-time charts featuring transactions per day, 24-hour volume, and the current number of coins in circulation.

Also Read: Bitcoin Cash Devs Publish the First 3 of 3 Multi-Sig Schnorr Transaction

Markets.Bitcoin.com: Real-Time Price Quotes, Market Caps, and Professional Charts

Last year, we launched a webpage that hosts the top 500 cryptocurrency market valuations in real-time. Markets.Bitcoin.com is a colorfully themed market cap aggregator that features the top performing cryptocurrency prices and market data. The page is quite different to most market cap websites because you don’t have to refresh the page all the time in order to get real-time prices.

Bitcoin.com's Market Cap Aggregator Adds More Informative Crypto Data500 cryptocurrency market caps, price quotes, trade volume and more data on one intuitive and customizable interface.

Markets.Bitcoin.com is also very simple to use, making navigation effortless while the eloquently designed interface is easy on the eye. Our market cap aggregator can also be viewed in both daylight and night mode depending on your preference. And speaking of preferences, you can also filter crypto prices by your favorite coins as well by marking them with a heart for ease of reference.

Bitcoin.com's Market Cap Aggregator Adds More Informative Crypto DataMarkets.Bitcoin.com offers night mode.

You can also highlight a specific cryptocurrency by clicking on an individual asset and it will direct you to a page that shows the digital asset’s price chart. Markets.Bitcoin.com features professional charts that can be toggled with different chart properties, timeframes, full-screen mode, and you can even save the chart layout. The coin’s page will also show you all kinds of statistics with charts that include price, capitalization, 24-hour trade volume, and daily transactions. There’s other stats as well, like the type of algorithm the coin uses alongside the different proof types. Markets.Bitcoin.com also highlights the supply data, which is a record of the number of units in existence either through mining or issuance. The website also displays exchanges that are trading the coin and how much trade volume they are processing.

Bitcoin.com's Market Cap Aggregator Adds More Informative Crypto DataProfessional charts for price quotes, market cap, volume, supply, and daily transactions that can also be saved.

A Market Cap Aggregator Built for Digital Currency Newbs and Veterans

In addition to these features, BCH and BTC users can quickly access the Bitcoin.com block explorer if they want to search for a block or transaction on either chain. Moreover, the markets aggregator has direct links so you can quickly purchase BCH, ETH, and BTC in a matter of minutes. Markets.Bitcoin.com was built for cryptocurrency enthusiasts by developers who are very passionate about the space and they understand the importance of reliable market data. With detailed data, charts, and price quotes from various coins, Markets.Bitcoin.com is sure to please newcomers and crypto veterans alike.

Bitcoin.com's Market Cap Aggregator Adds More Informative Crypto DataUsers can also purchase BCH, BTC, and ETH by using one of the direct links to our Buy.Bitcoin.com page.

With tools like Markets.Bitcoin.com, our web portal continues to grow and we’re excited to reveal many more resources that help progress economic freedom. Bitcoin.com already provides a newsdesk, podcasts, widgets, charts, merchants solutions, educational resources and so much more.

Bitcoin.com's Market Cap Aggregator Adds More Informative Crypto DataMarkets.Bitcoin.com showcases other types of data like trade volumes by exchange.

Moreover, our noncustodial wallet has seen more than 4 million wallet creations since we launched the light client two years ago. Markets.Bitcoin.com aligns with our other tools and resources in providing top of the line real-time data to billions of people across the planet. So if you’re tired of those boring market cap aggregators that need to be refreshed every few minutes, check out Markets.Bitcoin.com today.

What do you think about Markets.Bitcoin.com? Let us know your thoughts about the market cap web page in the comments below.


Images via Shutterstock, and Markets.Bitcoin.com.


Want to create your own secure cold storage paper wallet? Check our tools section. You can also enjoy the easiest way to buy Bitcoin online with us. Download your free Bitcoin wallet and head to our Purchase Bitcoin page where you can buy BCH and BTC securely.

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BCH, Bitcoin, bitcoin cash, Bitcoin.com, BTC, Charts, Circulation, Coin Market Capitalizations, Cryptocurrencies, data, Digital Assets, ETH, Ethereum, Favorites, Gains, Losses, Markets.Bitcoin.com, Max Supply, N-Announcements, Percentages, Ripple, Top 500 Coins, XRP
Bitcoin.com

Bitcoin.com is your premier source for everything Bitcoin-related. We can help you buy bitcoins and choose a bitcoin wallet. You can also read the latest news, or engage with the community on our Bitcoin Forum. Please keep in mind that this is a commercial website that lists wallets, exchanges and other Bitcoin-related companies.

Developer Creates Interwallet Transfer Plugin to Strengthen Bitcoin Cash Privacy

The Bitcoin Cash (BCH) protocol and infrastructure continue to see relentless development. The Electron Cash Cashshuffle implementation has enhanced bitcoin cash fungibility by providing users with the ability to shuffle coins. Now a developer has announced the launch of the Interwallet transfer tool, an Electron Cash add-on that allows for privacy-minded transfers using the light client.

Also read: Last Will Platform Allows Your Loved Ones to Inherit Your BCH

Interwallet Transfer Increases Bitcoin Cash Fungibility

This week, software engineer Karol Trzeszczkowski announced the launch of a new plugin called the Interwallet Transfer. The tool works with the Electron Cash (EC) wallet and allows individuals to transfer funds from one wallet to another without compromising anonymity after using tools like Cashshuffle. Trzeszczkowski revealed the EC plugin on May 17 and thanked the developers Emergent Reasons, John Moriarty, and Calin Culianu (Nilac the grim) for help with the review process.

“[Interwallet Transfer] is a simple plugin that allows you to specify a destination wallet (represented by its xpub extended public key), and transfer coins from the source wallet to destination one-at-a-time at random intervals,” Trzeszczkowski said during the launch announcement. “Compared to the simplistic method of transferring everything in one big transaction, this method preserves privacy to a much higher degree: no longer are all your coins linked in that one transaction.”

Developer Creates Interwallet Transfer Plugin to Strengthen Bitcoin Cash Privacy

The Interwallet Transfer is open source and located on Github, while the project’s documentation details how the add-on works and how to install the plugin. The platform sends your coins to unused addresses from another wallet at random times over a selected time period and these coins are sent in one-in-one-out transactions. In order to install the platform, download the latest Interwallet Transfer and you can verify the integrity of the software using Trzeszczkowski’s public key. After the download is complete, you can open the wallet and click the Tools section from the drop-down menu. From here simply click Installed Plugins and press Add Plugin which will prompt a warning and the install window. After these steps are complete, the Interwallet Transfer add-on will be available to process transfers.

Developer Creates Interwallet Transfer Plugin to Strengthen Bitcoin Cash Privacy

Transfer Shuffled BCH at Randomly Selected Intervals

The Github documentation also teaches people how to transfer using the newly added plugin. In order to get started, simply paste the receiving wallet’s Master Public Key in the first dialogue box in the plugin tab. At this point, simply enter the amount of time you want the randomized transfers to take. “Within that amount of time, all funds will be transferred to the receiving wallet at randomly selected intervals,” read the Interwallet Transfer Github specifications. Once the process is complete you can press the Transfer tab and the Electron Cash wallet will begin processing the transactions within the set timeframe. The Interwallet Transfer developers note that the wallet must be open and running in order to complete the transfers.

Developer Creates Interwallet Transfer Plugin to Strengthen Bitcoin Cash Privacy

The BCH community was pleased to hear about Trzeszczkowski’s plugin for the EC wallet. “Ok, this might be the first plug-in for Electron Cash I might use — I can also use it to relocate a cold wallet without linking everything,” a BCH supporter stated on the Reddit forum r/btc. Another commenter remarked that “[Interwallet Transfer] makes it much easier to have a shuffle wallet and a separate mobile spending wallet.” Trzeszczkowski is also the creator of the open source Last Will platform, a smart contract program for the inheritance of bitcoin cash.

What do you think about the Interwallet Transfer plugin? Let us know what you think about this subject in the comments section below.

Disclaimer: Readers should do their own due diligence before taking any actions related to the mentioned company, software or any of its affiliates or services. Bitcoin.com or the author 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 this article. This editorial is for informational purposes only.


Image credits: Shutterstock, Github, Twitter, Electron Cash, and Cashshuffle logos.


Now live, Markets.Bitcoin.com: A comprehensive, real-time listing of the cryptocurrency market. View prices, charts, transaction volumes, and more for the top 500 cryptocurrencies trading today.

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Anonymity, BCH, bitcoin cash, Calin Culianu, Cashshuffle, Cashshuffle JS library, Electron Cash, Emergent Reasons, Fungible, Interwallet Transfer, John Moriarty, Karol Trzeszczkowski, Last Will, Mixing, Nilac the grim, Privacy, Shuffles, Transaction
Jamie Redman

Jamie Redman is a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code, and decentralized applications. Redman has written thousands of articles for news.Bitcoin.com about the disruptive protocols emerging today.

Reserve

Reserve airdrop is worth 216 RSR tokens. You can write a blog or make a YouTube video about Reserve for an additional 500 RSR tokens for each task. Also, refer friends to earn 1 RSR token for every referral, up to 100 referrals.

About Reserve

Reserve is building a universal store of value. Reserve believes that everyone’s money should be secure. Billions of people around the world don’t have a safe place to store their money. Banks in some countries can’t be trusted, and some governments inflate their own currency to pay off debts, hurting citizens in the process. With a few exceptions (e.g. money laundering, terrorist financing), Reserve believes anyone in the world should be able to transact with anyone else. This requires low-friction, cross-border transactions, which are hard to do with our existing financial systems. The Reserve project aims to solve both of these problems with a stable, decentralized currency that can’t be abused by a government because it is globally distributed outside of anyone’s control, and thus nearly impossible to shut down.

Would you like to receive the latest free Airdrop Alerts? Join our Telegram or Twitter.

How to join the Reserve Airdrop?
Reserve banner

Step-by-Step Guide Reserve Airdrop

  1. Go to the Reserve Airdrop form.
  2. Sign up at Huobi if you don’t have an account yet.
  3. Now go back to the airdrop form and sign up using e-mail or Twitter. You can find your UID number at the top on the right site under ”account information” and your Huobi RSR Wallet Address here, scroll down to RSR & copy the ”deposit” address.
  4. Complete the all of the social media tasks to earn up to 216 RSR tokens. The ratio of an entry to RSR token is 1:1.
  5. More tasks: you can write a blog (+500 RSR) and/or make a YouTube video about Reserve (+500 RSR). You can also earn more entries for example asking questions in Telegram. For more information, read this.
  6. Refer friends to earn 1 RSR token for every referral, up to 100 referrals.

Note: 50 RSR tokens (50 entries) will be the minimum requirement for the reward distribution. 

If you like the Reserve Airdrop, don’t forget to upvote and comment below.

Estimated value

n/a

How to Check Median BTC and BCH Transaction Fees

Transaction fees are the cost that cryptocurrency users have to bear in order to keep the system going. Fees can vary significantly between networks and it is important to be able to check this before you decide which cryptocurrency to use for making your digital payments.

Also Read: Bitcoin Cash Upgrade and 30K Stores Accepting BCH in the Weekly Update From Bitcoin.com

Transaction Fees Differ by Orders of Magnitude

Bitcoinfees.cash is a website which tracks the median transaction fees for both bitcoin core (BTC) and bitcoin cash (BCH). The site displays the current median transaction fees alongside one another as well as a graph of historical median BTC and BCH transaction fees.

The median fees listed on the site are based on the past week of transaction data sourced from a few API providers. The live fee data is updated about every 10 minutes and the historical charts are updated weekly.

How to Check Median BTC and BCH Transaction Fees

Note that each coin has a different reference point as BTC fees are orders of magnitude more expensive than those for BCH. For example, the current median fee for BTC is $1.72, which is over 1,500 times higher than the current median fee BCH of just $0.0011.

The website offers an explanation for anyone out of the loop as to why BTC fees are so expensive compared with BCH and examines why they can skyrocket during times of congestion, as has happened in the past when many new users entered the market and were daunted by BTC’s high network fees.

What do you think about current BTC and BCH transaction fees? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Bitcoin.com Markets, another original and free service from Bitcoin.com.

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Avi Mizrahi

Avi Mizrahi is an economist and entrepreneur who has been covering Bitcoin as a journalist since 2013. He has spoken about the promise of cryptocurrency and blockchain technology at numerous financial conferences around the world, from London to Hong-Kong.

Bitfinex and Tether Move for Case Dismissal Over Lack of Jurisdiction

Bitfinex and Tether lawyers are moving to dismiss their ongoing case versus the New York Attorney General (NYAG), according to court filings on May 21.

Law firms representing the two companies argue that the New York Supreme Court (NYSC) does not have jurisdiction over the alleged misconduct being considered.

The lawyers argue that the NYSC has neither personal nor subject matter jurisdiction and that the NYSC cannot be appealed to, because Bitfinex and Tether are neither operated out of New York nor harmed investors in that state. As per the motion:

“The Office of the New York Attorney General (“OAG”) initiated this special proceeding

ostensibly ‘to protect New York investors.’ […] But OAG chose to target two

virtual currency businesses that have nothing to do with New York investors — the businesses do not allow New Yorkers on their platforms and do not advertise or otherwise do business here.”

The counsel further argues that the Martin Act — a law governing securities and commodities which the NYAG is using — does not apply to Tether’s stablecoin.

The case against Bitfinex and Tether was initiated via a court filing in April by NYAG Letitia James, who accused the two organizations of defrauding New York investors via a massive $850 million loss cover-up. Regarding the impetus to file, James said:

“New York state has led the way in requiring virtual currency businesses to operate according to the law. And we will continue to stand-up for investors and seek justice on their behalf when misled or cheated by any of these companies.”

As reported earlier today on Cointelegraph, a new development in the case has been revealed as the attorney for Bitfinex mentioned that Tether was invested in bitcoin (BTC) and other assets. New York Supreme Court Judge Joel M. Cohen responded with questions, saying:

“Tether sounded to me like sort of the calm in the storm of cryptocurrency trading. And so if Tether is backed by bitcoin, how is that consistent? If some of your assets are in a volatile currency that Tether is supposed to somehow modulate, that seems like it’s playing into what they are saying.”

BlockFi Crypto Management Firm Adjusts Interest Rates

Cryptocurrency asset management company BlockFi announced a change to its interest rates in a monthly update on May 21.

Accounts with bitcoin (BTC) balances over 25 BTC will receive a .15% increase in interest rate, and those with ether (ETH) balances between 25 and 75 ETH will decrease from 6.2% to 3.25%.

According to BlockFi, the lending environment for bitcoin has flourished while for ether it has floundered. Ether in particular is being offered at a 0.01% borrowing rate on major crypto exchange Poloniex and crypto lending firm Compound, and comprises only 3% of crypto lending giant Genesis Capital’s portfolio in the first quarter of 2019.

BlockFi has made corresponding interest rate adjustments in response, they say. In addition to the aforementioned figures, they note that the interest rate for BTC balances between 0.5 BTC and 25 BTC will remain unchanged, and that accounts with over 100 ETH will earn a 0.2% annual percentage yield (APY).

BlockFi initially launched its bitcoin and ether accounts on March 4, with starting interest rates at 6% APY for both cryptocurrencies. BlockFi subsequently lowered its interest rates just 18 days later.

Rates were initially set slightly higher than previously said, at 6.2%, but BlockFi announced that they would be cut down to 2% for accounts with over 25 BTC or 500 ETH in April. This change did not target the vast majority of BTC and ETH holders, around 75% of which reportedly held less than 5 BTC or 150 ETH.

BlockFi reportedly faced criticism from industry figures targeted at the company’s terms and conditions, which allow the firm to set the interest rate each month at its sole discretion. David Silver, founder of the Silver Miller law firm, said that BlockFi’s advertising does not match up with its policy:

“A superficial review of their splash page and their terms and conditions shows that their advertising is not necessarily what they’re guaranteeing […] and it’s understandable why people would be confused if they didn’t receive their 6.2 percent because BlockFi’s advertising makes it seem like that’s a guaranteed rate of return.”

BlockFi assets are reportedly held by the custodial arm of Gemini Trust Company and is regulated by the New York State Department of Financial Services, and clients are offered free reign to withdraw their holdings upon request.

Report: Chinese E-Commerce Giant JD.com Has Applied for Over 200 Blockchain Patents

Chinese e-commerce giant JD.com has applied for over 200 blockchain patents, according to a report by Securities Daily News on May 20.

The report also notes that major e-commerce competitor Alibaba has applied for 262 blockchain patents, and Chinese internet titans Tencent and Baidu have applied for 80 and 50 such patents, respectively, as recorded by the Intellectual Property Center of China Information and Communication.

According to interpretation of the data provided by Intellectual Property Center of China Information and Communication, JD.com was in first place for “global blockchain patent strength,” with Alibaba, Tencent, and Baidu coming it at second, seventh, and fifteenth place, respectively.

The report also notes that China is the global forerunner in blockchain applications. From 2013 to 2018, China filed 4,435 blockchain patent applications, which is 48% of global blockchain patent filings, as per the “Blockchain Patent Situation White Paper (Version 1.0)” published by the official website for China Telecom.

The runner-up in patent numbers was the United States, which purportedly filed for 1,833 blockchain patents in total, occupying the global patent space by 21%.

Securities Daily said that, with a breakdown of patent filings by industry, companies accounted for 75% of applicants, vastly outnumbering the quantity filed by research institutions, individuals, and government agencies. Out of this 75%, the report noted that the majority of companies that filed were internet-related.

The Intellectual Property Center of China Information and Communication also notes that intellectual property infringements have been an issue in the past for Chinese blockchain patents, and reportedly advises:

“It is recommended that the government do a good job in industry supervision and supervision and patent quality improvement. Enterprises should raise awareness of intellectual property protection and risk prevention, avoid blind investment in the blockchain field, apply for low-value patents, and avoid future blockchains. There have been a large number of infringement lawsuits in the field.”

JD.com released a blockchain-as-a-service (BaaS) platform JD Blockchain Open Platform in 2018, which allows organizations to streamline blockchain creation and run smart contracts, as per the Cointelegraph report. JD.com has also helped create institutes for blockchain research, such as the Smart City Research Institute and a blockchain research lab.

‘Blockchain Is Really Democratizing a Lot of Things,’ Interview With Marta Piekarska, Director of Hyperledger’s Ecosystem

This interview has been edited and condensed.

Hyperledger, an open source project, was created in 2016 by the Linux Foundation in order to support the development of blockchain-based distributed ledgers. All the members of Hyperledger — including such major actors as Intel, Accenture, JPMorgan Chase, Hitachi, Fujitsu, Alibaba Cloud, Citigroup, Deutsche Telekom and many others — find their interest in blockchain technology and discuss it with Marta Piekarska, who is in charge of the project’s ecosystem.  

We met Marta at the Anon Blockchain Summit in Vienna and talked about computer science, conservative vs. progressive sectors of economy, Hyperledger’s community and her favorite books.

Kristina Lucrezia Cornèr: Can you please tell us how the whole Hyperledger adventure started?

Marta Piekarska: The Linux Foundation was created 20 years ago to bring enterprises and the open-source community together to work on frameworks, tools and technologies to support certain fields. What started off with Core Linux, today has over 70 projects in every major industry.

Hyperledger started three years ago to bring enterprises and the open-source community to work together on blockchain tools and frameworks. Every piece of code, every piece of work that ever happens under the Linux Foundation has to be on the Apache license. Hyperledger started three years ago with 30 founding companies, some of them the biggest in the industry: IBM, Accenture, JPMorgan Chase, Hitachi, Fujitsu and Intel, of course. And then, there are much smaller startups, like IntellectEU, that was a founding member of Hyperledger, and some big but not very well-known companies, like Digital Assets, like DTCC — which now has its name, but back in the time before blockchain, it was one of the most important institutions in the U.S., but nobody knew about that.

And shortly after the Linux Foundation started Hyperledger, Brian Behlendorf was hired as the executive director of Hyperledger, and three or four months after he came to me and said: “Would you like to join us at the Linux Foundation focusing on Hyperledger?”

The way that Linux Foundation is structured is that some projects have core employees, and we are focused 100% on Hyperledger. And then, our PR, marketing team and events team are shared across all the Linux Foundation projects and focused more or less intensely, depending on how many events or how much marketing we need.

Hyperledger’s ecosystem

KLC: What about your position – Director of Ecosystems? What is your role?

MP: It was a nice creation, although nobody knows what it means, which might be a problem. So, I define my role as member success, because Hyperledger is a nonprofit, and we are member-based. So, our life, our existence is sustained by membership fees. And these members are enterprises. We don’t have individual memberships, but enterprises that want to benefit from the PR, marketing support, networking, promotion, and all that. Because the technologies are 100% open source, you don’t have to ask permission to join special interest groups, you don’t have to ask for the permission to download the code. But there is a lot that can be done in the blockchain space to support your development of products, solutions, etc. That’s basically what we at Hyperledger do, and my focus is on working with our members to define what it means to be a successful Hyperledger member, why did they join this gentlemen’s club, if you will.

KLC: That is some very gender-focused language.

MP: It is, but it’s very British. Until today, you have some gentlemen’s clubs only, like a Soho house. That’s more gender-specific.

I work very closely with our now-over-280 members to understand why they apply blockchain technology, and how they apply it. My computer science background is very useful because I understand their technology at its core — like, I understand why they are going blockchain. And then, I can abstract that and talk about more high-level goals and objectives.

The role of gender stereotypes

KLC: How is it to be a woman in the blockchain “gentleman’s club”?

MP: My background is in humanities. I never actually planned to study computer science, I never thought of technology before I applied randomly to a technical university. I lost a bet, basically. The bet was that I had to apply to a technical university — and if I got in, I had to at least start studying. So, I did that, I randomly chose electrical and computer engineering because it sounded fancy. I started, and after two months I knew this was exactly what I wanted to do in my life. I want to code — I loved coding.

It was a very rough ride for me, firstly because anything that you start learning compared to the other people that have been doing that for the last million years of their life, is harder. In high school, I was a top student, always the best in class. I went to university and I hardly made it through the first semester, I hardly passed all of my exams. Then, it got slowly better and better, obviously.

But also, the way I have been treated by my professors was pretty awful. My favorite story was two or three weeks in, when one of my professors said to me: “Oh, I guess computers don’t like you, but don’t worry, computers in general don’t like women.” Great. I’ve also had comments like “Maybe ballet school will be better for you than the computer science school.”

Initially, it was 80 of us that started and five women. After the first semester, there were twenty of us and two ladies — me and another one.

The thing I don’t like about this industry in general is that it is always about your gender, when you are a woman — I guess, a person of color as well, or different sexualities. It’s not always about if you’re smart or you’re not smart, it’s just always about your gender.

I’ve found the hacker community extremely welcoming, and I’ve never had problems with being open about being bisexual or being a woman, and all of my hacker friends all have quirks in one way or another. The more traditional, strict industry and computer science is very much about, “you’ve got this scholarship because you’re a woman,” or “you didn’t get this scholarship because you’re a woman.”

On the other hand, I think that blockchain is really democratizing a lot of things; it is democratizing the startup world. Now startups can compete with the biggest. […] And the same with that women now can be entrepreneurs, and don’t care about what guys are thinking. People of color can be entrepreneurs and don’t care about what others are thinking. I think this is pretty incredible and a very powerful area, and I’ve never really felt in any way discriminated.

Obviously, we still struggle to get good technical females talking on stage. It seems like if there are good technical females, they tend to stick in the coding room and code. But that will happen.

There was this “60 minutes” — it’s a show in the U.S., and they did a study on computer science and kids. And it turns out that after secondary school, there is a massive drop. So, until secondary school girls are very eager, and I see that one of my stepdaughters, she’s 13, she was always really good at sciences, and it took so much courage to say “I’m gonna go my A-levels in triple science.” For a year, we had to work on it and say, “it’s okay, it’s fine, you can be good in science,” but she just felt embarrassed.

KLC: The same could be found in the first season of “Genius,” a series by National Geographic, about Einstein. His first wife, a brilliant scientist, had to struggle through all her life to be a woman in the academic sphere. And it just became harder when she married Einstein and bore his child.

MP: Historically, we’ve been in a society where women are supposed to be supporting the man who comes home and brings food. And there are different ways of doing that. So, in Japanese culture, the man is the one earning money and working hard, and woman will take all the money and give him just pocket money. In European culture, it’s much more that man drives it all and woman is there to cook. We say it’s stereotypes, but they are not really stereotypes.

New technologies and academia

Marta Piekarska is also running academic programs, being responsible within Hyperledger to connect innovative business with academia.

MP: This is something that we are just building out. How can we connect academics with the enterprises, because we have all the enterprises in the world, but academics still don’t know they can reach out to us and say, “I want to do a research on X, do you have a partner I can be doing it with?” So, we are trying to bridge that gap.

KLC: What is your solution, your first steps to connect with academia?

MP: Well, we have an internship program that just started. So, we are trying to do real academic internships. We had 10 places, now we grew into 15, because it is just so popular. The Linux Foundation or Hyperledger pays for these internships, but we ask our community to submit topics and be members. It’s those different enterprises — someone in that enterprise has that little thing that they want to do. We are also trying to build mentoring programs for the community to learn how to work with open source, to open a new project. That’s just starting.

Some other ideas are: We have some proposed research, we have universities on the Hyperledger.org mailing list, where we hope to engage academics more closely. Basically, you know, it’s giving a shout-out to the people who are doing interesting research — like the Cambridge Centre for Alternate Financing is doing really good work, and they are an associate member of Hyperledger. For universities, governments and nonprofits, we have an associate membership, which is free of charge — and if universities are engaged with us, we are happy to accept them as associate members. We have the Blockchain at Berkeley lab, we have Penn University, we have MIT, Stanford, Peking University.

Challenges while working in the blockchain space

KLC: It seems really exciting. You combine in your everyday job that communication, humanities skills and, at the same time, technical knowledge. What are the main challenges within the objectives you are trying to reach?

MP: Well, scalability is an issue, because you want to keep that individual approach and engagement — but with the more people you get, there are only so many hours in the day.

In terms of the general blockchain space, I think the biggest challenge today is a lack of objective experts. All the experts today — or many of the experts — have learned a certain thing. Like, they’ve learned only about Hyperledger, or only about ether, or only about Corda, and they will spend a lot of energy explaining to you that you should not be using anything but X. And when you ask them why, the honest answer is “because I don’t know W and Z.”

So, that’s why I’m so hopeful with the academic programs and teaching programs. As we go through the batch of students that have learned about all of those elements, because they’ve been university-educated rather than online-educated, (although I have nothing against online courses, but in order to be online-educated you have to take five courses, right? If you go to university, you still have to take five courses, but you have to do them for the credit). I think that with that, we will get better at having people who will say: “Okay, this makes sense for X, and this makes sense for Y, and let’s use the technologies appropriately.” So, the lack of objective experts is a thing.

Collaboration, in general. We are changing the way the people are thinking about interactions with their customers, with their competitors as well — and need to start feeling comfortable sharing information with their competitors.

I think, it’s changing. It’s funny because I want to say it’s a slow change, but then again, we’ve only been the blockchain enterprise for, like, four years.

Discussing industries: Who are the most conservative actors in the space?

MP: I think, out of all the sectors, the financial industry is the most conservative one, although it was the one that has been in the most rush to adopt blockchain. Fintech was the one that jumped on blockchain immediately — like, the first one. But actually moving from “we are doing a bunch of PoC [proof-of-concept]” to “let’s embrace this into production” — that is extremely hard. It’s also, I think, the difference between how easy it is to do a PoC in a certain domain and how it scales up to production.

I’ll give you an example. It’s hard to build a successful deployment of a supply chain, because if you want to do a PoC, you can do a supply chain between you sourcing your Panna Cotta from your home to me, selling it at my restaurant, and that’s two nodes, and maybe you source your cream from somewhere and I sell it, right? So it’s easy to make a PoC, and we’ll say it runs well and we’ll track the quality of Panna Cotta over the supply chain.

However, if you think “How do I scale that actually to the mass production of Panna Cotta,” you have to sign up all of the sugar, cream, cows, and whatever else through the transportation of the Panna Cotta — packaging as well, all of the health certification for England, where I’ll be selling it. So, the number of parties that are highly competitive and might not want to join that market, that supply chain, is very high.

And if you think of Brexit, now you also have to add customs to it, and border control, and whatever else. A hell. So, building out a successful supply chain production is much harder than a PoC, which you could do that over a hackathon.

If you think of an identity system, it’s the opposite. You have a very hard way of navigating how to identify the elements that should be put in a blockchain-based identity, what should go on a blockchain, what should go off blockchain, what is sensitive information, what is private information — you have all those meta-questions that you have to answer, even when you are building a PoC. But then, if you do a good PoC, scaling it up to production is easier — you are just adding more participants.

This is where we could say there are more traditional versus less traditional industries, or more conservative versus less conservative. I think that supply chain is one that is really embracing the production, but it took them awhile to get there because they were figuring out their steps.

Health care is extremely embracing blockchain. You have payments on a blockchain throughout health care, you have medical health record management, you have prescriptions on a blockchain. All of that is really going forward.

The financial industry, it’s really hard to build a good, scalable reconciliation because there are a lot of competitors that are not necessarily incentivized to move to a new system.

KLC: What about the energy sector?

MP: The energy sector is catching up. So, we had a PoC very early on. It was done in China, it is from Blockchain Energy Labs, and it is tracking CO2 emission through a blockchain. There are companies like BitLumens that looks at deploying systems that combine energy use, giving to the grid sustainable energy consumption with micro-crediting — so, proving that you can buy access to a solar panel that is on your house, which basically works as a sustainable energy source. You can buy, on a regular basis, access to that for hours or for days. And based on that, you build out a credit score that is trustworthy, and you can get microloans. So, there are some interesting projects around energy.

Also, of course, one of the big things in energy — the next big thing, I think — will be a merge of IoT [Internet of Things] and the management of those independent devices, because blockchain there is very important. You get to track the security of those machines, big power grids and so on.

Books on blockchain

KLC: Okay, my last question: Can you recommend your favorite book? Something that inspired you about your work.

MP: That’s a good question. I’ll tell you three of my favorite books. The first is a Richard Faulkner book. That one inspired me because it is all about adventure, and so I’ve always lived by that.

The other book that I really love is “The World According to Garp” by John Irving. It’s just beautifully surreal, very smart about life, very much about doing what you want, but going with what feels right rather than what should be right about the societal norms.

And third book is “East of Eden,” which again is about empowerment and the fact that you can do things. The most important words are “you can” rather than “you have to.” So, these are the three books that inspire me in life in general.

In terms of blockchain work, there are not many books out there yet. I am currently reading a book that is called “How Open Source Ate the World.” It is a very good book about open source and working with open source, which I admire.

In terms of courses or learning blockchain, I quite value our Hyperledger Blockchain course, which we have free of charge online on edX. There are two types of it, there is a high-level one, and there is one that gets you into coding. I think this is a really good gateway to blockchain technologies in general.

Tether Says It Invested Some of Its Reserves Into Bitcoin and Other Assets

Stablecoin issuer Tether said that it had invested some of its reserves in bitcoin (BTC), according to a court filing obtained by tech-focused media outlet the Block on May 21.

Per the document dated May 16, David Miller, an attorney for Tether’s associated firm Bitfinex, said that Tether invested “a small amount” of Tether’s reserves into bitcoin, specifying that “prior to the April 24th order … Tether actually did invest in instruments beyond cash and cash equivalents, including bitcoin, they bought bitcoin.” Miller further said that Tether made “other investments, including purchasing other assets.”

In response to Miller’s statement, New York Supreme Court Judge Joel M. Cohen doubted the logic of investing a stablecoin in a volatile asset like bitcoin:

“Tether sounded to me like sort of the calm in the storm of cryptocurrency trading. And so if Tether is backed by bitcoin, how is that consistent? If some of your assets are in a volatile currency that Tether is supposed to somehow modulate, that seems like it’s playing into what they are saying.”

As previously reported, the New York Attorney General’s (NYAG) office alleged that crypto exchange Bitfinex lost $850 million and subsequently used funds from Tether to secretly cover the shortfall. Lawyers from Tether confirmed preexisting rumors that its tokens did not have full reserve backing, and was in fact only 74% backed by fiat dollars and other reserves.

NYAG Letitia James further requested the disclosure of documents concerning an alleged deal made between the two companies.

Following the request, the New York Supreme Court judge Joel M. Cohen decided the parties should try to resolve their dispute and submit a refined argument, claiming that the NYAG cannot bring the full force of its court order against Bitfinex and Tether. Both companies denied any wrongdoing, heavily criticizing New York authorities for the manner in which they raised their complaint.

Circle CEO Jeremy Allaire: Crypto Space Needs Regulatory Certainty

The cryptocurrency space needs regulatory certainty and the current definition of cryptocurrency is too broad, said the CEO of crypto finance startup CIrcle, Jeremy Allaire, in a blog post on May 20.

Allaire’s statement comes in the wake of the “geofencing”  of nine different coins for United States-based clients of digital currency exchange Poloniex, which is owned by Circle Internet Financial. Poloniex said then that the decision was motivated by the uncertain regulatory environment in the country.

In the recent post, Allaire stated that digital assets represent a fundamental new class of financial instrument and should not be considered securities, commodities, or currencies, while the U.S. Securities and Exchange Commission (SEC) “is forced” to develop guidance regarding cryptocurrencies deeming them securities. Allaire argued that existing laws cannot address the cryptocurrency issue. Concluding his statement, he said:

“We urge lawmakers to recognize the unparalleled economic power that permissionless innovation has unleashed and to act to let crypto and blockchain technologies flourish. We know lawmakers want to support economic growth and want them to seize the opportunity to lead the charge.”

As earlier reported, the recently reintroduced Token Taxonomy Act — which seeks to exclude digital currencies from being defined as securities — will create a de minimis tax exemption for crypto transactions under $600, according to the executive director of Coin Center, Jerry Brito.

Brito said that, under current laws, one is technically obligated to report capital gains when using crypto to buy simple things like a laptop, plane tickets, or even in writing a smart contract.

Yesterday, Cointelegraph reported that the U.S. Internal Revenue Service (IRS) prioritized issuing tax guidance on cryptocurrencies. In a letter addressed to Rep. Tom Emmer, IRS Commissioner Charles Rettig stated that the agency “made it a priority” to issue relevant guidance. The instruction will specifically cover issues such as acceptable methods for calculation cost basis, cost basis assignment; and tax treatment of forks.