Top 10 Best Blockchain Companies List In 2020

[OC] Which front offices and agents are the 3 major newsbreakers connected to? I went through 6000+ tweets to find out!

If this sounds somewhat familiar, that's because I did a 2019-2020 version and posted it back in March.
In terms of changes from that post:
TL;DR
Tracked tweets of Woj, Shams and Haynes from 2018-2020 to see whether any of them report on a certain team or a certain agent's players more than their counterparts. Here is the main graph concerning a reporter's percentage of tweets per team separated into three periods (2019 season, 2020 offseason, 2020 season). Here is a separate graph with the Lakers and Warriors, because Haynes's percentages would skew the first graph.

During times like the NBA trade deadline or the lifting of the NBA free-agency moratorium, it’s not uncommon to see Twitter replies to (or Reddit comments about) star reporters reference their performance relative to others.
Woj is the preeminent scoop hound, but he is also notorious for writing hit pieces on LeBron (sources say it’s been widely rumoured that the reason for these is that Woj has always been unable to place a reliable source in LeBron’s camp). On the other end of the spectrum, it has been revealed that in exchange for exclusive intel on league memos and Pistons dealings, Woj wrote puff pieces on then-GM Joe Dumars (see above Kevin Draper link). Last summer, Woj was accused of being a Clippers shill on this very discussion board for noticeably driving the Kawhi Leonard free agency conversation towards the team.
This is the reason I undertook this project: to see whether some reporters have more sources in certain teams (and certain agencies) than other reporters.
First I’ll explain the methodology, then present the data with some initial comments.

Methodology

To make this manageable on myself, I limited myself to tracking the 3 major national reporters: Shams Charania of the Athletic, Chris Haynes of Yahoo Sports and the aforementioned Adrian Wojnarowski of ESPN.
The time period I initially tracked for was from January 1, 2020 to the end of the regular season March, but after finding a Twitter scraping tool on GitHub called Twint, I was able to easily retrieve all tweets since September 27, 2018. However, a month ago, Twitter closed their old API endpoints, and Twint ceased to work. I used vicinitas.io but the data loading became more time-consuming. Therefore, the tweets are up to the date of October 15 2020.
How I determined information was by manually parsing text tweets by the reporter (no retweets):
Now, I didn’t take every single text tweet:
Next, I had to assign possible teams to each tweet:
With all the methodology out of the way, here’s the data! (Here’s a link to a full Google Sheet)

Teams

Here's a graph of number of tweets per team per period, with the colours denoting reporter.
On a quick glance, here's which teams saw a significant period-over-period increase in number of tweets:
And here's which teams saw decreases over a period-by-period basis:
The problem with just using number of tweets is that it's not close on totals between Haynes vs. Woj or Shams. Here's a graph showing total number of tweets in each period for all three reporters. Haynes's most reported period doesn't even stack up to the least reported period of Woj or Shams.
Instead, let's look at percentage of tweets per team per period.
Now, you'll notice that there's two teams missing from the above graph: the Golden State Warriors and the Los Angeles Lakers. Here's the graphs for those two teams. As you can see, they would skew the previous graph far too much. During the 2019 NBA season, 27% of Chris Haynes's qualifying tweets could be possibly linked to the Warriors, and 14% of his qualifying tweets could be possibly linked to the Lakers.

Agents

Here's the top 10 agents in terms of number of potential tweets concerning their clients.
Agent Haynes Shams Woj Total
Rich Paul 15 28 24 67
Mark Bartelstein 4 16 30 50
Jeff Schwartz 3 10 25 38
Bill Duffy 2 13 14 29
Leon Rose 1 12 15 28
Aaron Mintz 2 9 15 26
Juan Perez 5 10 8 23
Aaron Goodwin 11 8 1 20
Steven Heumann 1 6 12 19
Sam Permut 1 13 5 19
Woj has the most tweets directly connected to agents by far. It wasn't uncommon to see "Player X signs deal with Team Y, Agent Z of Agency F tells ESPN." The agents that go to Woj (and some of their top clients):
One thing I found very intriguing: 15/16 of tweets concerning an Aaron Turner client were reported on by Shams. Turner is the head of Verus Basketball, whose clients include Terry Rozier, Victor Oladipo and Kevin Knox. Shams also reported more than 50% of news relating to clients of Sam Permut of Roc Nation. Permut is the current agent of Kyrie Irving, after Irving fired Jeff Wechsler near the beginning of the 2019 offseason. Permut also reps the Morris brothers and Trey Burke.
As for Chris Haynes, he doesn't really do much agent news (at least not at the level of Woj and Shams). However, he reported more than 50% of news relating to clients of Aaron Goodwin of Goodwin Sports Management, who reps Damian Lillard and DeMar DeRozan.
Here are the top 10 free agents from Forbes, along with their agent and who I predict will be the first/only one to break the news.
Player Agent Most Likely Reporter
Anthony Davis Rich Paul Too close to call, leaning Shams
Brandon Ingram Jeff Schwartz Woj
DeMar DeRozan Aaron Goodwin Haynes
Fred VanVleet Brian Jungreis Limited data
Andre Drummond Jeff Schwartz Woj
Montrezl Harrell Rich Paul Too close to call, leaning Shams
Gordon Hayward Mark Bartelstein Woj
Danilo Gallinari Michael Tellem Woj
Bogdan Bogdanovic Alexander Raskovic, Jason Ranne Limited data, but part of Wasserman, whose players are predominantly reported on by Woj
Davis Bertans Arturs Kalnitis Limited data
Thanks for reading! As always with this type of work, human error is not completely eliminated. If you think a tweet was mistakenly removed, feel free to drop me a line and I’ll try to explain my thought process on that specific tweet! Hope y’all enjoyed the research!
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morning prepper

Flurry of dealmaking
Bayer (OTCPK:BAYRY) is paying as much as $4B for U.S. biotech firm Asklepios BioPharmaceutical, bolstering its pharmaceuticals division as it continues to reel from its acquisition of crops giant Monsanto (and cancer-related Roundup lawsuits). The latest deal, which includes upfront consideration of $2B and potential milestone payments of up to $2B, is a bet on cutting-edge gene therapy, which offers the potential to cure a wide range of often-rare diseases by editing errors in the body's instruction manual. Drugmakers including Novartis (NYSE:NVS), Roche Holding (OTCQX:RHHBY) and Bristol-Myers Squibb (NYSE:BMY) have also made big bets on the industry, snapping up gene therapy makers.
Dunkin' may sell and go private
Dunkin' Donuts and Baskin Robbins chains owner Dunkin' Brands (NASDAQ:DNKN) confirmed preliminary talks to be acquired by Inspire Brands after the NYT reported on the negotiations. Inspire would take Dunkin' private at $106.5 per share, valuing the company at $8.8B, or a 20% premium over DNKN's closing price of $88.79 on Friday. While Dunkin' said "there is no certainty that any agreement will be reached," if successful, Inspire would add the new assets to the Buffalo Wild Wings, Arby's Sonic, and Jimmy John's chains that it already owns. DNKN +19% premarket. More M&A: Blackstone to buy Simply Self Storage for about $1.2B.
New Canada oil giant
Cenovus Energy (NYSE:CVE) has agreed to buy Husky Energy (OTCPK:HUSKF) in a C$3.8B ($2.9B) all-stock deal that will combine two of the largest players in Canada's struggling oil-sands industry. The combined company will have about 750K boe/d production, making it the third-largest Canadian oil and natural gas producer. it would also be the second-largest Canadian-based refiner and upgrader with total North American upgrading and refining capacity of ~660K boe/d.
Coronavirus surge, elusive stimulus deal
U.S. stock index futures are starting the week on the backfoot, falling nearly 1% overnight, as the nation reported a record of more than 83,000 new COVID infections on both Friday and Saturday. "We're not going to control the pandemic. We are going to control the fact that we get vaccines, therapeutics and other mitigation areas," White House Chief of Staff Mark Meadows told CNN's State of the Union program. Meadows and Nancy Pelosi also accused each other of "moving the goalposts" on stimulus legislation in back-to-back interviews, dimming chances a deal could be reached before Election Day.
Vaccine trials
The COVID-19 vaccine being developed by the University of Oxford and AstraZeneca (NASDAQ:AZN) produces a robust antibody and T-cell immune response in elderly people, the group at highest risk, FT reports. While details of the finding are expected to be published shortly in a clinical journal, sources cautioned that positive immunogenicity tests do not guarantee that the vaccine will ultimately prove safe and effective in older people. AstraZeneca resumed the U.S. trial of its experimental vaccine on Friday after a pause due to safety concerns, while Johnson & Johnson (NYSE:JNJ) also restarted trials, saying the first batches of its shot could be available in January.
Farm purchases under China trade deal
"China has purchased approximately 71% of its farm purchases target for 2020," according to an interim report on agricultural trade from the U.S. Trade Representative. "They have purchased $23.6B in agricultural products so far this year, substantially more than the base year of 2017, and should end up being our best year ever in sales to China. It is worth noting that the Phase One Agreement did not go into effect until February 14, 2020, and March is the first full month of its effect... We already are on pace to have all-time high sales to China in beef, pork, corn, and soybeans." Go Deeper: Some are questioning the figures and the timeline.
California blackouts
PG&E (NYSE:PCG) is pre-emptively cutting power again in northern California, affecting 386,000 homes and businesses in 38 counties, or nearly 1M people. It's the fourth times this year the state’s largest utility had to shut off electricity due to high winds and extreme wildfire danger, which could spark blazes if live wires topple into dry brush. Utilities in Southern California, like Southern California Edison (NYSE:EIX), are also warning of potential blackouts.
Potential election chaos
As the threat of election-related unrest escalates in the U.S., Facebook (NASDAQ:FB) said it would implement emergency measures reserved for "at-risk" countries to bring down the online temperature. The social media giant plans to limit the "spread of viral content" and lower the bar for "suppressing potentially inflammatory posts" using internal tools previously deployed in Sri Lanka and Myanmar, WSJ reports. The tools would only be used in the event of election-related violence or other serious circumstances, though some employees are concerned it could slow down viral content and unintentionally hide legitimate political discussions. Go Deeper: Facebook will ban U.S. political ads indefinitely after November 3.
Samsung chairman and icon dies
A chapter has closed for the Samsung conglomerate following the death of Lee Kun-hee, who transformed the South Korean appliance maker into the world's biggest producer of smartphones, TVs and memory chips. He had been incapacitated for years following a 2014 stroke, leaving day-to-day operations to his son, Lee Jae-yong, who goes by Jay Y. in the West. While Lee spends about 95% of his time focused on Samsung Electronics (OTC:SSNLF), the conglomerate's most valuable arm, he formally takes the reins with Samsung on the defensive and struggling to evolve within the tech industry.
What else is happening...
SAP (NYSE:SAP) tumbles 18% premarket after slashing revenue forecast.
Coca-Cola (NYSE:KO) steps away from bottling in Australia.
Chinese policymakers discuss new five-year development plan.
Airbnb (AIRB) approves private share split ahead of IPO.
American (NASDAQ:AAL) plans PR events before 737 MAX (NYSE:BA) takes to the skies.
AT&T (NYSE:T) job cuts at historical levels; CNN's Zucker may be on the block.
Today's Markets
In Asia, Japan -0.1%. Hong Kong +0.5%. China -0.8%. India -1.3%. In Europe, at midday, London -0.2%. Paris -0.6%. Frankfurt -2.1%. Futures at 6:20, Dow -0.9%. S&P -0.9%. Nasdaq -0.9%. Crude -2.5% to $38.85. Gold -0.2% at $1902.40. Bitcoin +0.6% to $13099. Ten-year Treasury Yield -3 bps to 0.81%
Today's Economic Calendar
8:30 Chicago Fed National Activity Index 10:00 New Home Sales 10:30 Dallas Fed Manufacturing Survey
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RESEARCH REPORT ABOUT KYBER NETWORK

RESEARCH REPORT ABOUT KYBER NETWORK
Author: Gamals Ahmed, CoinEx Business Ambassador

https://preview.redd.it/9k31yy1bdcg51.jpg?width=936&format=pjpg&auto=webp&s=99bcb7c3f50b272b7d97247b369848b5d8cc6053

ABSTRACT

In this research report, we present a study on Kyber Network. Kyber Network is a decentralized, on-chain liquidity protocol designed to make trading tokens simple, efficient, robust and secure.
Kyber design allows any party to contribute to an aggregated pool of liquidity within each blockchain while providing a single endpoint for takers to execute trades using the best rates available. We envision a connected liquidity network that facilitates seamless, decentralized cross-chain token swaps across Kyber based networks on different chains.
Kyber is a fully on-chain liquidity protocol that enables decentralized exchange of cryptocurrencies in any application. Liquidity providers (Reserves) are integrated into one single endpoint for takers and users. When a user requests a trade, the protocol will scan the entire network to find the reserve with the best price and take liquidity from that particular reserve.

1.INTRODUCTION

DeFi applications all need access to good liquidity sources, which is a critical component to provide good services. Currently, decentralized liquidity is comprised of various sources including DEXes (Uniswap, OasisDEX, Bancor), decentralized funds and other financial apps. The more scattered the sources, the harder it becomes for anyone to either find the best rate for their trade or to even find enough liquidity for their need.
Kyber is a blockchain-based liquidity protocol that aggregates liquidity from a wide range of reserves, powering instant and secure token exchange in any decentralized application.
The protocol allows for a wide range of implementation possibilities for liquidity providers, allowing a wide range of entities to contribute liquidity, including end users, decentralized exchanges and other decentralized protocols. On the taker side, end users, cryptocurrency wallets, and smart contracts are able to perform instant and trustless token trades at the best rates available amongst the sources.
The Kyber Network is project based on the Ethereum protocol that seeks to completely decentralize the exchange of crypto currencies and make exchange trustless by keeping everything on the blockchain.
Through the Kyber Network, users should be able to instantly convert or exchange any crypto currency.

1.1 OVERVIEW ABOUT KYBER NETWORK PROTOCOL

The Kyber Network is a decentralized way to exchange ETH and different ERC20 tokens instantly — no waiting and no registration needed.
Using this protocol, developers can build innovative payment flows and applications, including instant token swap services, ERC20 payments, and financial DApps — helping to build a world where any token is usable anywhere.
Kyber’s fully on-chain design allows for full transparency and verifiability in the matching engine, as well as seamless composability with DApps, not all of which are possible with off-chain or hybrid approaches. The integration of a large variety of liquidity providers also makes Kyber uniquely capable of supporting sophisticated schemes and catering to the needs of DeFi DApps and financial institutions. Hence, many developers leverage Kyber’s liquidity pool to build innovative financial applications, and not surprisingly, Kyber is the most used DeFi protocol in the world.
The Kyber Network is quite an established project that is trying to change the way we think of decentralised crypto currency exchange.
The Kyber Network has seen very rapid development. After being announced in May 2017 the testnet for the Kyber Network went live in August 2017. An ICO followed in September 2017, with the company raising 200,000 ETH valued at $60 million in just one day.
The live main net was released in February 2018 to whitelisted participants, and on March 19, 2018, the Kyber Network opened the main net as a public beta. Since then the network has seen increasing growth, with network volumes growing more than 500% in the first half of 2019.
Although there was a modest decrease in August 2019 that can be attributed to the price of ETH dropping by 50%, impacting the overall total volumes being traded and processed globally.
They are developing a decentralised exchange protocol that will allow developers to build payment flows and financial apps. This is indeed quite a competitive market as a number of other such protocols have been launched.
In Brief - Kyber Network is a tool that allows anyone to swap tokens instantly without having to use exchanges. - It allows vendors to accept different types of cryptocurrency while still being paid in their preferred crypto of choice. - It’s built primarily for Ethereum, but any smart-contract based blockchain can incorporate it.
At its core, Kyber is a decentralized way to exchange ETH and different ERC20 tokens instantly–no waiting and no registration needed. To do this Kyber uses a diverse set of liquidity pools, or pools of different crypto assets called “reserves” that any project can tap into or integrate with.
A typical use case would be if a vendor allowed customers to pay in whatever currency they wish, but receive the payment in their preferred token. Another example would be for Dapp users. At present, if you are not a token holder of a certain Dapp you can’t use it. With Kyber, you could use your existing tokens, instantly swap them for the Dapp specific token and away you go.
All this swapping happens directly on the Ethereum blockchain, meaning every transaction is completely transparent.

1.1.1 WHY BUILD THE KYBER NETWORK?

While crypto currencies were built to be decentralized, many of the exchanges for trading crypto currencies have become centralized affairs. This has led to security vulnerabilities, with many exchanges becoming the victims of hacking and theft.
It has also led to increased fees and costs, and the centralized exchanges often come with slow transfer times as well. In some cases, wallets have been locked and users are unable to withdraw their coins.
Decentralized exchanges have popped up recently to address the flaws in the centralized exchanges, but they have their own flaws, most notably a lack of liquidity, and often times high costs to modify trades in their on-chain order books.

Some of the Integrations with Kyber Protocol
The Kyber Network was formed to provide users with a decentralized exchange that keeps everything right on the blockchain, and uses a reserve system rather than an order book to provide high liquidity at all times. This will allow for the exchange and transfer of any cryptocurrency, even cross exchanges, and costs will be kept at a minimum as well.
The Kyber Network has three guiding design philosophies since the start:
  1. To be most useful the network needs to be platform-agnostic, which allows any protocol or application the ability to take advantage of the liquidity provided by the Kyber Network without any impact on innovation.
  2. The network was designed to make real-world commerce and decentralized financial products not only possible but also feasible. It does this by allowing for instant token exchange across a wide range of tokens, and without any settlement risk.
  3. The Kyber Network was created with ease of integration as a priority, which is why everything runs fully on-chain and fully transparent. Kyber is not only developer-friendly, but is also compatible with a wide variety of systems.

1.1.2 WHO INVENTED KYBER?

Kyber’s founders are Loi Luu, Victor Tran, Yaron Velner — CEO, CTO, and advisor to the Kyber Network.

1.1.3 WHAT DISTINGUISHES KYBER?

Kyber’s mission has always been to integrate with other protocols so they’ve focused on being developer-friendly by providing architecture to allow anyone to incorporate the technology onto any smart-contract powered blockchain. As a result, a variety of different dapps, vendors, and wallets use Kyber’s infrastructure including Set Protocol, bZx, InstaDApp, and Coinbase wallet.
Besides, dapps, vendors, and wallets, Kyber also integrates with other exchanges such as Uniswap — sharing liquidity pools between the two protocols.
A typical use case would be if a vendor allowed customers to pay in whatever currency they wish, but receive the payment in their preferred token. Another example would be for Dapp users. At present, if you are not a token holder of a certain Dapp you can’t use it. With Kyber, you could use your existing tokens, instantly swap them for the Dapp specific token and away you go.
Limit orders on Kyber allow users to set a specific price in which they would like to exchange a token instead of accepting whatever price currently exists at the time of trading. However, unlike with other exchanges, users never lose custody of their crypto assets during limit orders on Kyber.
The Kyber protocol works by using pools of crypto funds called “reserves”, which currently support over 70 different ERC20 tokens. Reserves are essentially smart contracts with a pool of funds. Different parties with different prices and levels of funding control all reserves. Instead of using order books to match buyers and sellers to return the best price, the Kyber protocol looks at all the reserves and returns the best price among the different reserves. Reserves make money on the “spread” or differences between the buying and selling prices. The Kyber wants any token holder to easily convert one token to another with a minimum of fuss.

1.2 KYBER PROTOCOL

The protocol smart contracts offer a single interface for the best available token exchange rates to be taken from an aggregated liquidity pool across diverse sources. ● Aggregated liquidity pool. The protocol aggregates various liquidity sources into one liquidity pool, making it easy for takers to find the best rates offered with one function call. ● Diverse sources of liquidity. The protocol allows different types of liquidity sources to be plugged into. Liquidity providers may employ different strategies and different implementations to contribute liquidity to the protocol. ● Permissionless. The protocol is designed to be permissionless where any developer can set up various types of reserves, and any end user can contribute liquidity. Implementations need to take into consideration various security vectors, such as reserve spamming, but can be mitigated through a staking mechanism. We can expect implementations to be permissioned initially until the maintainers are confident about these considerations.
The core feature that the Kyber protocol facilitates is the token swap between taker and liquidity sources. The protocol aims to provide the following properties for token trades: ● Instant Settlement. Takers do not have to wait for their orders to be fulfilled, since trade matching and settlement occurs in a single blockchain transaction. This enables trades to be part of a series of actions happening in a single smart contract function. ● Atomicity. When takers make a trade request, their trade either gets fully executed, or is reverted. This “all or nothing” aspect means that takers are not exposed to the risk of partial trade execution. ● Public rate verification. Anyone can verify the rates that are being offered by reserves and have their trades instantly settled just by querying from the smart contracts. ● Ease of integration. Trustless and atomic token trades can be directly and easily integrated into other smart contracts, thereby enabling multiple trades to be performed in a smart contract function.
How each actor works is specified in Section Network Actors. 1. Takers refer to anyone who can directly call the smart contract functions to trade tokens, such as end-users, DApps, and wallets. 2. Reserves refer to anyone who wishes to provide liquidity. They have to implement the smart contract functions defined in the reserve interface in order to be registered and have their token pairs listed. 3. Registered reserves refer to those that will be cycled through for matching taker requests. 4. Maintainers refer to anyone who has permission to access the functions for the adding/removing of reserves and token pairs, such as a DAO or the team behind the protocol implementation. 5. In all, they comprise of the network, which refers to all the actors involved in any given implementation of the protocol.
The protocol implementation needs to have the following: 1. Functions for takers to check rates and execute the trades 2. Functions for the maintainers to registeremove reserves and token pairs 3. Reserve interface that defines the functions reserves needs to implement
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1.3 KYBER CORE SMART CONTRACTS

Kyber Core smart contracts is an implementation of the protocol that has major protocol functions to allow actors to join and interact with the network. For example, the Kyber Core smart contracts provide functions for the listing and delisting of reserves and trading pairs by having clear interfaces for the reserves to comply to be able to register to the network and adding support for new trading pairs. In addition, the Kyber Core smart contracts also provide a function for takers to query the best rate among all the registered reserves, and perform the trades with the corresponding rate and reserve. A trading pair consists of a quote token and any other token that the reserve wishes to support. The quote token is the token that is either traded from or to for all trades. For example, the Ethereum implementation of the Kyber protocol uses Ether as the quote token.
In order to search for the best rate, all reserves supporting the requested token pair will be iterated through. Hence, the Kyber Core smart contracts need to have this search algorithm implemented.
The key functions implemented in the Kyber Core Smart Contracts are listed in Figure 2 below. We will visit and explain the implementation details and security considerations of each function in the Specification Section.

1.4 HOW KYBER’S ON-CHAIN PROTOCOL WORKS?

Kyber is the liquidity infrastructure for decentralized finance. Kyber aggregates liquidity from diverse sources into a pool, which provides the best rates for takers such as DApps, Wallets, DEXs, and End users.

1.4.1 PROVIDING LIQUIDITY AS A RESERVE

Anyone can operate a Kyber Reserve to market make for profit and make their tokens available for DApps in the ecosystem. Through an open reserve architecture, individuals, token teams and professional market makers can contribute token assets to Kyber’s liquidity pool and earn from the spread in every trade. These tokens become available at the best rates across DApps that tap into the network, making them instantly more liquid and useful.
MAIN RESERVE TYPES Kyber currently has over 45 reserves in its network providing liquidity. There are 3 main types of reserves that allow different liquidity contribution options to suit the unique needs of different providers. 1. Automated Price Reserves (APR) — Allows token teams and users with large token holdings to have an automated yet customized pricing system with low maintenance costs. Synthetix and Melon are examples of teams that run APRs. 2. Fed Price Reserves (FPR) — Operated by professional market makers that require custom and advanced pricing strategies tailored to their specific needs. Kyber alongside reserves such as OneBit, runs FPRs. 3. Bridge Reserves (BR) — These are specialized reserves meant to bring liquidity from other on-chain liquidity providers like Uniswap, Oasis, DutchX, and Bancor into the network.

1.5 KYBER NETWORK ROLES

There Kyber Network functions through coordination between several different roles and functions as explained below: - Users — This entity uses the Kyber Network to send and receive tokens. A user can be an individual, a merchant, and even a smart contract account. - Reserve Entities — This role is used to add liquidity to the platform through the dynamic reserve pool. Some reserve entities are internal to the Kyber Network, but others may be registered third parties. Reserve entities may be public if the public contributes to the reserves they hold, otherwise they are considered private. By allowing third parties as reserve entities the network adds diversity, which prevents monopolization and keeps exchange rates competitive. Allowing third party reserve entities also allows for the listing of less popular coins with lower volumes. - Reserve Contributors — Where reserve entities are classified as public, the reserve contributor is the entity providing reserve funds. Their incentive for doing so is a profit share from the reserve. - The Reserve Manager — Maintains the reserve, calculates exchange rates and enters them into the network. The reserve manager profits from exchange spreads set by them on their reserves. They can also benefit from increasing volume by accessing the entire Kyber Network. - The Kyber Network Operator — Currently the Kyber Network team is filling the role of the network operator, which has a function to adds/remove Reserve Entities as well as controlling the listing of tokens. Eventually, this role will revert to a proper decentralized governance.

1.6 BASIC TOKEN TRADE

A basic token trade is one that has the quote token as either the source or destination token of the trade request. The execution flow of a basic token trade is depicted in the diagram below, where a taker would like to exchange BAT tokens for ETH as an example. The trade happens in a single blockchain transaction. 1. Taker sends 1 ETH to the protocol contract, and would like to receive BAT in return. 2. Protocol contract queries the first reserve for its ETH to BAT exchange rate. 3. Reserve 1 offers an exchange rate of 1 ETH for 800 BAT. 4. Protocol contract queries the second reserve for its ETH to BAT exchange rate. 5. Reserve 2 offers an exchange rate of 1 ETH for 820 BAT. 6. This process goes on for the other reserves. After the iteration, reserve 2 is discovered to have offered the best ETH to BAT exchange rate. 7. Protocol contract sends 1 ETH to reserve 2. 8. The reserve sends 820 BAT to the taker.

1.7 TOKEN-TO-TOKEN TRADE

A token-to-token trade is one where the quote token is neither the source nor the destination token of the trade request. The exchange flow of a token to token trade is depicted in the diagram below, where a taker would like to exchange BAT tokens for DAI as an example. The trade happens in a single blockchain transaction. 1. Taker sends 50 BAT to the protocol contract, and would like to receive DAI in return. 2. Protocol contract sends 50 BAT to the reserve offering the best BAT to ETH rate. 3. Protocol contract receives 1 ETH in return. 4. Protocol contract sends 1 ETH to the reserve offering the best ETH to DAI rate. 5. Protocol contract receives 30 DAI in return. 6. Protocol contract sends 30 DAI to the user.

2.KYBER NETWORK CRYSTAL (KNC) TOKEN

Kyber Network Crystal (KNC) is an ERC-20 utility token and an integral part of Kyber Network.
KNC is the first deflationary staking token where staking rewards and token burns are generated from actual network usage and growth in DeFi.
The Kyber Network Crystal (KNC) is the backbone of the Kyber Network. It works to connect liquidity providers and those who need liquidity and serves three distinct purposes. The first of these is to collect transaction fees, and a portion of every fee collected is burned, which keeps KNC deflationary. Kyber Network Crystals (KNC), are named after the crystals in Star Wars used to power light sabers.
The KNC also ensures the smooth operation of the reserve system in the Kyber liquidity since entities must use third-party tokens to buy the KNC that pays for their operations in the network.
KNC allows token holders to play a critical role in determining the incentive system, building a wide base of stakeholders, and facilitating economic flow in the network. A small fee is charged each time a token exchange happens on the network, and KNC holders get to vote on this fee model and distribution, as well as other important decisions. Over time, as more trades are executed, additional fees will be generated for staking rewards and reserve rebates, while more KNC will be burned. - Participation rewards — KNC holders can stake KNC in the KyberDAO and vote on key parameters. Voters will earn staking rewards (in ETH) - Burning — Some of the network fees will be burned to reduce KNC supply permanently, providing long-term value accrual from decreasing supply. - Reserve incentives — KNC holders determine the portion of network fees that are used as rebates for selected liquidity providers (reserves) based on their volume performance.

Finally, the KNC token is the connection between the Kyber Network and the exchanges, wallets, and dApps that leverage the liquidity network. This is a virtuous system since entities are rewarded with referral fees for directing more users to the Kyber Network, which helps increase adoption for Kyber and for the entities using the Network.
And of course there will soon be a fourth and fifth uses for the KNC, which will be as a staking token used to generate passive income, as well as a governance token used to vote on key parameters of the network.
The Kyber Network Crystal (KNC) was released in a September 2017 ICO at a price around $1. There were 226,000,000 KNC minted for the ICO, with 61% sold to the public. The remaining 39% are controlled 50/50 by the company and the founders/advisors, with a 1 year lockup period and 2 year vesting period.
Currently, just over 180 million coins are in circulation, and the total supply has been reduced to 210.94 million after the company burned 1 millionth KNC token in May 2019 and then its second millionth KNC token just three months later.
That means that while it took 15 months to burn the first million KNC, it took just 10 weeks to burn the second million KNC. That shows how rapidly adoption has been growing recently for Kyber, with July 2019 USD trading volumes on the Kyber Network nearly reaching $60 million. This volume has continued growing, and on march 13, 2020 the network experienced its highest daily trading activity of $33.7 million in a 24-hour period.
Currently KNC is required by Reserve Managers to operate on the network, which ensures a minimum amount of demand for the token. Combined with future plans for burning coins, price is expected to maintain an upward bias, although it has suffered along with the broader market in 2018 and more recently during the summer of 2019.
It was unfortunate in 2020 that a beginning rally was cut short by the coronavirus pandemic, although the token has stabilized as of April 2020, and there are hopes the rally could resume in the summer of 2020.

2.1 HOW ARE KNC TOKENS PRODUCED?

The native token of Kyber is called Kyber Network Crystals (KNC). All reserves are required to pay fees in KNC for the right to manage reserves. The KNC collected as fees are either burned and taken out of the total supply or awarded to integrated dapps as an incentive to help them grow.

2.2 HOW DO YOU GET HOLD OF KNC TOKENS?

Kyber Swap can be used to buy ETH directly using a credit card, which can then be used to swap for KNC. Besides Kyber itself, exchanges such as Binance, Huobi, and OKex trade KNC.

2.3 WHAT CAN YOU DO WITH KYBER?

The most direct and basic function of Kyber is for instantly swapping tokens without registering an account, which anyone can do using an Etheruem wallet such as MetaMask. Users can also create their own reserves and contribute funds to a reserve, but that process is still fairly technical one–something Kyber is working on making easier for users in the future.

2.4 THE GOAL OF KYBER THE FUTURE

The goal of Kyber in the coming years is to solidify its position as a one-stop solution for powering liquidity and token swapping on Ethereum. Kyber plans on a major protocol upgrade called Katalyst, which will create new incentives and growth opportunities for all stakeholders in their ecosystem, especially KNC holders. The upgrade will mean more use cases for KNC including to use KNC to vote on governance decisions through a decentralized organization (DAO) called the KyberDAO.
With our upcoming Katalyst protocol upgrade and new KNC model, Kyber will provide even more benefits for stakeholders. For instance, reserves will no longer need to hold a KNC balance for fees, removing a major friction point, and there will be rebates for top performing reserves. KNC holders can also stake their KNC to participate in governance and receive rewards.

2.5 BUYING & STORING KNC

Those interested in buying KNC tokens can do so at a number of exchanges. Perhaps your best bet between the complete list is the likes of Coinbase Pro and Binance. The former is based in the USA whereas the latter is an offshore exchange.
The trading volume is well spread out at these exchanges, which means that the liquidity is not concentrated and dependent on any one exchange. You also have decent liquidity on each of the exchange books. For example, the Binance BTC / KNC books are wide and there is decent turnover. This means easier order execution.
KNC is an ERC20 token and can be stored in any wallet with ERC20 support, such as MyEtherWallet or MetaMask. One interesting alternative is the KyberSwap Android mobile app that was released in August 2019.
It allows for instant swapping of tokens and has support for over 70 different altcoins. It also allows users to set price alerts and limit orders and works as a full-featured Ethereum wallet.

2.6 KYBER KATALYST UPGRADE

Kyber has announced their intention to become the de facto liquidity layer for the Decentralized Finance space, aiming to have Kyber as the single on-chain endpoint used by the majority of liquidity providers and dApp developers. In order to achieve this goal the Kyber Network team is looking to create an open ecosystem that garners trust from the decentralized finance space. They believe this is the path that will lead the majority of projects, developers, and users to choose Kyber for liquidity needs. With that in mind they have recently announced the launch of a protocol upgrade to Kyber which is being called Katalyst.
The Katalyst upgrade will create a stronger ecosystem by creating strong alignments towards a common goal, while also strengthening the incentives for stakeholders to participate in the ecosystem.
The primary beneficiaries of the Katalyst upgrade will be the three major Kyber stakeholders: 1. Reserve managers who provide network liquidity; 2. dApps that connect takers to Kyber; 3. KNC holders.
These stakeholders can expect to see benefits as highlighted below: Reserve Managers will see two new benefits to providing liquidity for the network. The first of these benefits will be incentives for providing reserves. Once Katalyst is implemented part of the fees collected will go to the reserve managers as an incentive for providing liquidity.
This mechanism is similar to rebates in traditional finance, and is expected to drive the creation of additional reserves and market making, which in turn will lead to greater liquidity and platform reach.
Katalyst will also do away with the need for reserve managers to maintain a KNC balance for use as network fees. Instead fees will be automatically collected and used as incentives or burned as appropriate. This should remove a great deal of friction for reserves to connect with Kyber without affecting the competitive exchange rates that takers in the system enjoy. dApp Integrators will now be able to set their own spread, which will give them full control over their own business model. This means the current fee sharing program that shares 30% of the 0.25% fee with dApp developers will go away and developers will determine their own spread. It’s believed this will increase dApp development within Kyber as developers will now be in control of fees.
KNC Holders, often thought of as the core of the Kyber Network, will be able to take advantage of a new staking mechanism that will allow them to receive a portion of network fees by staking their KNC and participating in the KyberDAO.

2.7 COMING KYBERDAO

With the implementation of the Katalyst protocol the KNC holders will be put right at the heart of Kyber. Holders of KNC tokens will now have a critical role to play in determining the future economic flow of the network, including its incentive systems.
The primary way this will be achieved is through KyberDAO, a way in which on-chain and off-chain governance will align to streamline cooperation between the Kyber team, KNC holders, and market participants.
The Kyber Network team has identified 3 key areas of consideration for the KyberDAO: 1. Broad representation, transparent governance and network stability 2. Strong incentives for KNC holders to maintain their stake and be highly involved in governance 3. Maximizing participation with a wide range of options for voting delegation
Interaction between KNC Holders & Kyber
This means KNC holders have been empowered to determine the network fee and how to allocate the fees to ensure maximum network growth. KNC holders will now have three fee allocation options to vote on: - Voting Rewards: Immediate value creation. Holders who stake and participate in the KyberDAO get their share of the fees designated for rewards. - Burning: Long term value accrual. The decreasing supply of KNC will improve the token appreciation over time and benefit those who did not participate. - Reserve Incentives:Value creation via network growth. By rewarding Kyber reserve managers based on their performance, it helps to drive greater volume, value, and network fees.

2.8 TRANSPARENCY AND STABILITY

The design of the KyberDAO is meant to allow for the greatest network stability, as well as maximum transparency and the ability to quickly recover in emergency situations. Initally the Kyber team will remain as maintainers of the KyberDAO. The system is being developed to be as verifiable as possible, while still maintaining maximum transparency regarding the role of the maintainer in the DAO.
Part of this transparency means that all data and processes are stored on-chain if feasible. Voting regarding network fees and allocations will be done on-chain and will be immutable. In situations where on-chain storage or execution is not feasible there will be a set of off-chain governance processes developed to ensure all decisions are followed through on.

2.9 KNC STAKING AND DELEGATION

Staking will be a new addition and both staking and voting will be done in fixed periods of times called “epochs”. These epochs will be measured in Ethereum block times, and each KyberDAO epoch will last roughly 2 weeks.
This is a relatively rapid epoch and it is beneficial in that it gives more rapid DAO conclusion and decision-making, while also conferring faster reward distribution. On the downside it means there needs to be a new voting campaign every two weeks, which requires more frequent participation from KNC stakeholders, as well as more work from the Kyber team.
Delegation will be part of the protocol, allowing stakers to delegate their voting rights to third-party pools or other entities. The pools receiving the delegation rights will be free to determine their own fee structure and voting decisions. Because the pools will share in rewards, and because their voting decisions will be clearly visible on-chain, it is expected that they will continue to work to the benefit of the network.

3. TRADING

After the September 2017 ICO, KNC settled into a trading price that hovered around $1.00 (decreasing in BTC value) until December. The token has followed the trend of most other altcoins — rising in price through December and sharply declining toward the beginning of January 2018.
The KNC price fell throughout all of 2018 with one exception during April. From April 6th to April 28th, the price rose over 200 percent. This run-up coincided with a blog post outlining plans to bring Bitcoin to the Ethereum blockchain. Since then, however, the price has steadily fallen, currently resting on what looks like a $0.15 (~0.000045 BTC) floor.
With the number of partners using the Kyber Network, the price may rise as they begin to fully use the network. The development team has consistently hit the milestones they’ve set out to achieve, so make note of any release announcements on the horizon.

4. COMPETITION

The 0x project is the biggest competitor to Kyber Network. Both teams are attempting to enter the decentralized exchange market. The primary difference between the two is that Kyber performs the entire exchange process on-chain while 0x keeps the order book and matching off-chain.
As a crypto swap exchange, the platform also competes with ShapeShift and Changelly.

5.KYBER MILESTONES

• June 2020: Digifox, an all-in-one finance application by popular crypto trader and Youtuber Nicholas Merten a.k.a DataDash (340K subs), integrated Kyber to enable users to easily swap between cryptocurrencies without having to leave the application. • June 2020: Stake Capital partnered with Kyber to provide convenient KNC staking and delegation services, and also took a KNC position to participate in governance. • June 2020: Outlined the benefits of the Fed Price Reserve (FPR) for professional market makers and advanced developers. • May 2020: Kyber crossed US$1 Billion in total trading volume and 1 Million transactions, performed entirely on-chain on Ethereum. • May 2020: StakeWith.Us partnered Kyber Network as a KyberDAO Pool Master. • May 2020: 2Key, a popular blockchain referral solution using smart links, integrated Kyber’s on-chain liquidity protocol for seamless token swaps • May 2020: Blockchain game League of Kingdoms integrated Kyber to accept Token Payments for Land NFTs. • May 2020: Joined the Zcash Developer Alliance , an invite-only working group to advance Zcash development and interoperability. • May 2020: Joined the Chicago DeFi Alliance to help accelerate on-chain market making for professionals and developers. • March 2020: Set a new record of USD $33.7M in 24H fully on-chain trading volume, and $190M in 30 day on-chain trading volume. • March 2020: Integrated by Rarible, Bullionix, and Unstoppable Domains, with the KyberWidget deployed on IPFS, which allows anyone to swap tokens through Kyber without being blocked. • February 2020: Popular Ethereum blockchain game Axie Infinity integrated Kyber to accept ERC20 payments for NFT game items. • February 2020: Kyber’s protocol was integrated by Gelato Finance, Idle Finance, rTrees, Sablier, and 0x API for their liquidity needs. • January 2020: Kyber Network was found to be the most used protocol in the whole decentralized finance (DeFi) space in 2019, according to a DeFi research report by Binance. • December 2019: Switcheo integrated Kyber’s protocol for enhanced liquidity on their own DEX. • December 2019: DeFi Wallet Eidoo integrated Kyber for seamless in-wallet token swaps. • December 2019: Announced the development of the Katalyst Protocol Upgrade and new KNC token model. • July 2019: Developed the Waterloo Bridge , a Decentralized Practical Cross-chain Bridge between EOS and Ethereum, successfully demonstrating a token swap between Ethereum to EOS. • July 2019: Trust Wallet, the official Binance wallet, integrated Kyber as part of its decentralized token exchange service, allowing even more seamless in-wallet token swaps for thousands of users around the world. • May 2019: HTC, the large consumer electronics company with more than 20 years of innovation, integrated Kyber into its Zion Vault Wallet on EXODUS 1 , the first native web 3.0 blockchain phone, allowing users to easily swap between cryptocurrencies in a decentralized manner without leaving the wallet. • January 2019: Introduced the Automated Price Reserve (APR) , a capital efficient way for token teams and individuals to market make with low slippage. • January 2019: The popular Enjin Wallet, a default blockchain DApp on the Samsung S10 and S20 mobile phones, integrated Kyber to enable in-wallet token swaps. • October 2018: Kyber was a founding member of the WBTC (Wrapped Bitcoin) Initiative and DAO. • October 2018: Developed the KyberWidget for ERC20 token swaps on any website, with CoinGecko being the first major project to use it on their popular site.

Full Article

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CME Bitcoin Futures Open Interest Reached An All-Time High Of $841 Million

CME Bitcoin Futures Open Interest Reached An All-Time High Of $841 Million

The All-Time High Comes Just A Week And A Half After Reaching The Previous Record Of $830 Million
Institutional investors’ bullish stance in the crypto sector seems to grow rapidly, as the Chicago Mercantile Exchange (CME) Bitcoin futures reached a new all-time high record of $841 million in open interest.
A contributing part to the new record, which is driven by the rise of large-scale investors` interest in Bitcoin, is the recent purchase of 21,000 Bitcoin by a $1,2 billion worth NASDAQ- listed company.
Data provided by the research and analytics company Skew shows that the total open interest rate and volumes of BTC futures experienced a significant growth in late July, as well as in August. However, open interest cannot provide enough data to prove the bullish sentiment on its own. Normally, the standard approach in measuring investors` perception on futures contracts is by comparing premium against Bitcoin market price. This happens only on spot exchanges. The indicator is expected to display a 0.5% to 1% premium for a one-month contracts in CME futures.
Source: Skew
CME Bitcoin options were launched in January 2020, and since then, the CME has been establishing itself as a preferred provider for placing futures contracts. Regardless of the statistics, the Deribit exchange is dominating,as it reached $440 million open interest in late June.
In addition, the CME options market is heavily concentrated on call options. Call options allow purchasing Bitcoin at a fixed price. CME options contract expiration takes place on the last Friday of each month, which causes sharp declines in the open interest rate.
Source: Skew
Call options are traditionally related to bullish strategies, but can be used for the so called “covered calls”, which ensure generation of a fixed income. Тhe fixed income can be obtained as long as price levels of the digital asset remain above a certain level.
In contrast to spot markets, monitoring of derivative markets can explain BTC`s failure of breaking $12,000 resistance and retesting the $11,150 support zone. The bullish sentiment may lead to a repetition of the August 2019 scenario, when Bitcoin tried to break above $12,000 for an entire week. This resulted in a 20% drop, which was observed over the following several days.
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morning joe

Stocks are set to end the week on a high note after four of the biggest tech stocks - Apple (NASDAQ:AAPL), Amazon (NASDAQ:AMZN), Facebook (NASDAQ:FB) and Alphabet (GOOG, GOOGL) - reported quarterly results that beat high expectations. Apple easily exceeded estimates on the top and bottom lines, and announced a four-for-one stock split, sending shares past the $400 threshold in after-hours trading. Amazon's sales soared, and operating income nearly doubled compared with the big drop analysts had expected. Facebook posted 11% revenue growth and issued stronger-than-expected sales guidance for the current quarter. Results from Google's parent were a bit murkier, showing the company's first-ever year-over-year decline in advertising revenue, but sales from its cloud-computing segment came in well above expectations. Big Tech has been Wall Street's mainstay this year, and the latest quarterly results look to accelerate that trend. Amazon and Apple are up 65% and 31%, respectively, in 2020, while Facebook and Alphabet each have gained more than 14% over the period. With all four stocks moving higher in after-hours trading, the tech titans likely will add more than $200 billion to their combined market value.
U.S. economy shrank by a third in Q2
The Commerce Department said U.S. gross domestic product collapsed at a 32.9% annualized rate in the second quarter, the steepest decline since the government started keeping records in 1947, as COVID-19 crushed consumer and business spending. Meanwhile, in a sign of a faltering jobs market, the number of workers applying for initial unemployment benefits rose for the second straight week, to 1.43 million, after nearly four months of decreases following a late-March peak. The Q2 economic contraction came as states imposed lockdowns in March and April to contain the coronavirus and then lifted restrictions in May and June, allowing growth to resume. Economists expect the third quarter to show growth, but the summer rise in infections likely will temper gains.
Senate fails to advance jobless benefits extension
Meanwhile, no signs of progress are evident in talks between Republicans and Democrats over a new coronavirus relief bill. The U.S. Senate failed yesterday to advance an effort to extend a $200 per week supplement to unemployment insurance benefits. Senate Republicans and the White House had sought to cut the supplement from $600 through September, after which those collecting unemployment benefits would get 70% of their previous wages when combined with state benefits. While much of the focus has been on the expiration of the additional $600-per-week of unemployment benefits, an eviction moratorium is receiving increasing attention as well.
China factory activity expands for fifth straight month
China’s official manufacturing purchasing managers' index came in better than expected, rising to 51.1 in July from 50.9 in June for its highest reading since March. July marked the fifth consecutive month that the closely watched measure of China's factory activity topped the 50 mark that separates expansion from contraction. Combined with China's official non-manufacturing purchasing managers' index, which indicated a slight deceleration in the service sector, the data suggests China's factories have returned to pre-coronavirus levels but consumer demand remains much weaker, which means inventory is piling up.
Chinese-backed hackers reportedly targeted Moderna for vaccine data
China rejects charges that hackers linked to its government targeted Moderna (NASDAQ:MRNA) to steal data related to research on a coronavirus vaccine. Citing an unnamed U.S. security official, Reuters reported yesterday that Chinese hackers targeted the U.S. biotech firm earlier this year. Moderna said it had been in contact with the FBI and was made aware of the suspected "information reconnaissance activities" by a hacking group mentioned in last week's Justice Department indictment, where two Chinese nationals were accused of spying on the U.S., including three unnamed U.S.-based targets involved in medical research to fight COVID-19. The two other unnamed medical research companies mentioned in the Justice Department indictment are described as biotech companies based in California and Maryland - descriptions that could fit Gilead Sciences (NASDAQ:GILD) and Novavax (NASDAQ:NVAX). Go deeper: J&J (NYSE:JNJ) COVID-19 vaccine candidate shows positive effect in primate study.
Amazon's $10 billion Internet satellite plan wins FCC approval
While overshadowed by the company's earnings, Amazon.com's (AMZN) tech ambitions got a boost as the FCC approved its $10B plan to put thousands of satellites in the sky to provide high-speed Internet to unserved and underserved areas. The company's Project Kuiper - using 3,200 low Earth orbit satellites - would compete in that area with the Starlink project at SpaceX (SPACE).
Australia to force Google, Facebook to pay for news
Australia will become the first country in the world to force Facebook (FB) and Google (GOOG, GOOGL) to pay publishers for the news content featured on its sites. It will give the companies three months to negotiate fair pay with media businesses there, a move to ensure competition and consumer protection as well as a sustainable media landscape. Other companies are likely to be targeted for similar moves by Australia's government later.
U.K. fraud office charges Airbus subsidiary over Saudi deal
The U.K.'s major economic crimes investigator has charged Airbus' (OTCPK:EADSY) subsidiary GPT Special Project Management and three individuals in connection with a defense contract the country arranged with Saudi Arabia. Airbus says the Serious Fraud Office's investigation related to contractual arrangements that predated its acquisition of the subsidiary. The charges represent a step forward in one of the SFO's most politically sensitive probes, which has been viewed as a potential threat to the U.K.'s relationship with the Saudis. Go deeper: Airbus works to slow cash burn, puts brakes on production.
What else is happening...
Walmart (NYSE:WMT) memo points to cutting jobs in 'streamlining.'
Facebook (FB) finally securing rights to show music videos.
Twitter (NYSE:TWTR) account breach involved phone-based phishing attacks on employees.
Thursday's Key Earnings Apple (AAPL) +6.3% PM on strong earnings, stock split. Amazon (AMZN) +5.5% PM on strong Q2 earnings, Q3 guidance. Alphabet (NASDAQ:GOOG) flat PM after soft ad revenue. Facebook (FB) +5.9 PM on strong earnings, user growth. Ford Motor (NYSE:F) +2.5% PM despite seeing weak FY demand. Gilead Sciences (GILD) -3.6% PM as pandemic disrupts earnings. US Steel (NYSE:X) flat PM after Q2 loss, upbeat Q3 guidance. Electronic Arts (NASDAQ:EA) flat PM after Q2 beat, better-than-expected FY guidance. LTC Properties (NYSE:LTC) -3.2% AH as Q2 rental revenue takes a hit. Xilinx (NASDAQ:XLNX) -2.7% PM on in-line Q2, outlook. Stryker (NYSE:SYK) -2.8% AH despite Q2 beat. Vertex Pharmaceuticals (NASDAQ:VRTX) +1% AH on robust Q2 Trikafta sales. OPKO Health (NASDAQ:OPK) -6% PM after healthy Q2 earnings. Atlassian (NASDAQ:TEAM) -7% PM on FQ4 customer weakness, downside EPS forecast. Exact Sciences (NASDAQ:EXAS) -3% AH on pandemic disrupting Q2 revenue. Expedia (NASDAQ:EXPE) -6% PM after massive Q2 bookings dip. Seattle Genetics (NASDAQ:SGEN) -2% AH despite Q2 beat. Cabot Oil & Gas (NYSE:COG) flat PM after Q2 beat, unchanged guidance. XPO Logistics (NYSE:XPO) -4% AH on weak Q2 shipping metrics. Shake Shack (NYSE:SHAK) -4.8% AH on Q2 miss, pulled Q3 guidance.
Today's Markets In Asia, Japan -2.82%. Hong Kong -0.47%. China +0.71%. India -0.26%. In Europe, at midday, London -0.17%. Paris +0.01%. Frankfurt +0.27%. Futures at 6:20, Dow +0.13%. S&P +0.19%. Nasdaq +0.84%. Crude +0.45% to $40.05. Gold +1.48% to $1,995.90. Bitcoin +1.83% to $11,161. Ten-year Treasury Yield -1.3 bps to 0.53%
Today's Economic Calendar 8:30 Personal Income and Outlays 8:30 Employment Cost Index 9:45 Chicago PMI 10:00 Consumer Sentiment 1:00 PM Baker-Hughes Rig Count 3:00 PM Farm Prices
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The best DApps, which will likely lead the next phase.

The best DApps, which will likely lead the next phase.
Author: Gamals Ahmed, Business Ambassador

https://images.app.goo.gl/2c9rF5ZqfbjBzb2x6
One of the key themes in 2020 is the rise of decentralized financing (DeFi), a new type of financing that works on decentralized protocols and without the need for financial intermediaries. Lately, the number of DeFi apps has increased significantly, but many have not been seen or heard by many of us.
In this Article I will be building a list of the best DApps, which will likely lead the next phase. DeFi apps can be categorized into different subcategories such as:
  • Finance
  • Exchange
  • Insurance
  • Gambling
  • Social
And much more…
Note: Some of the projects in the report categorized into more than one section in the types of dApps.
The rise of DeFi Bitcoin (BTC) was the first implementation of decentralized financing. It enabled individuals to conduct financial transactions with other individuals without the need for a financial intermediary in the digital age. Bitcoin and similar cryptocurrencies were the first wave of DeFi. The second wave of DeFi was enabled by Ethereum blockchain which added another layer of programmability to the blockchain. Now, at the beginning of 2020, individuals and companies can borrow, lend, trade, invest, exchange and store crypto assets in an unreliable way. In 2020, we can expect the amount of money held in lending protocols to increase as long-term investors diversify into interest-bearing offers, especially if the market fails to rise towards the 2017/18 highs. On the other hand, active crypto traders are becoming increasingly interested in decentralized trading offers. The increasing level of money security offered by decentralized trading platforms should not only see an increase in trading of DApp users, but also in the number of non-custodial trading and exchange platforms available.
Lending: DeFi allows anyone to obtain or provide a loan without third party approval. The vast majority of lending products use common cryptocurrencies such as Ether ($ ETH) to secure outstanding loans through over-collateral. Thanks to the emergence of smart contracts, maintenance margins and interest rates can be programmed directly into a borrowing agreement with liquidations occurring automatically if the account balance falls below the specified collateral. The relative benefit gained from supplying different cryptocurrencies is different for the asset and the underlying platform used.

Compound

Source: https://images.app.goo.gl/SGttwo4JWadHTxYe7
Compound is a money market protocol on the Ethereum blockchain — allowing individuals, institutions, and applications to frictionlessly earn interest on or borrow cryptographic assets without having to negotiate with a counterparty or peer. Each market has a dynamic borrowing interest rate, which floats in real-time as market conditions adjust. Compound focuses on allowing borrowers to take out loans and lenders to provide loans by locking their crypto assets into the protocol. The interest rates paid and received by borrowers and lenders are determined by the supply and demand of each crypto asset. Interest rates are generated with every block mined. Loans can be paid back and locked assets can be withdrawn at any time. While DeFi may seem overwhelming complex to the average individual, Compound prides itself on building a product that is digestible for users of all backgrounds. Compound is a protocol on the Ethereum blockchain that establishes money markets, which are pools of assets with algorithmically derived interest rates, based on the supply and demand for the asset. Suppliers (and borrowers) of an asset interact directly with the protocol, earning (and paying) a floating interest rate, without having to negotiate terms such as maturity, interest rate, or collateral with a peer or counterparty. Built on top of that principle is cTokens, Compound’s native token that allows users to earn interest on their money while also being able to transfer, trade, and use that money in other applications. OVERVIEW ABOUT COMPOUND PROTOCOL Compound Finance is a San Francisco based company, which raised an $8.2 M seed round in May of 2018, and a $25M Series A round in November of 2019. Financing rounds were lead by industry giants including but not limited to Andressen Horowitz, Polychain Capital, Coinbase Ventures and Bain Capital Ventures, Compound Finance is a sector-leading lending protocol enabling users to lend and borrow popular cryptocurrencies like Ether, Dai and Tether. Compound leverages audited smart contracts responsible for the storage, management, and facilitation of all pooled capital. Users connect to Compound through web3 wallets like MetaMask with all positions being tracked using interest-earning tokens called cTokens.
Compound recently introduced a governance token — COMP. It holds no economic benefits and is solely used to vote on protocol proposals. The distribution of COMP has absolutely exceeded expectations on all fronts. Compound is now the leading DeFi protocol both in terms of Total Value Locked and in terms of COMP’s marketcap relative to other DeFi tokens. COMP was recently listed on Coinbase — the leading US cryptocurrency exchange and has seen strong interest from dozens of other exchanges including futures platforms like FTX. Compound’s new governance system is well underway, with close to close to 10 proposals being passed since it’s launch. What’s unique about COMP’s governance model is that tokenholders can delegate their tokens to an address of their choice. Only those who hold more than 1% of the supply can make new proposals. Besides earning interest on your crypto assets, which is a straightforward process of depositing crypto assets on the platform and receiving cTokens, you can also borrow crypto on Compound. Borrowing crypto assets has the added step of making sure the value of your collateral stays above a minimum amount relative to your loan. Compound and DeFi more broadly wants to help people have more access and control over the money they earn and save. While the project has had its criticisms, the long-term goal of Compound has always been to become fully decentralized over time. The Compound team currently manages the protocol, but they plan to eventually transfer all authority over to a Decentralized Autonomous Organization (DAO) governed by the Compound community. For following the project:
Website: https://compound.finance/
Medium: https://medium.com/compound-finance
Github: https://github.com/compound-finance/compound-protocol
DEXs: Decentralized exchanges allow users to switch their assets without the need to transfer custody of basic collateral. DEXs aim to provide unreliable and interoperable trading across a wide range of trading pairs.

Kyber


Source: https://images.app.goo.gl/sFCUhrgVwvs9ZJEP6
Kyber is a blockchain-based liquidity protocol that allows decentralized token swaps to be integrated into any application, enabling value exchange to be performed seamlessly between all parties in the ecosystem. Using this protocol, developers can build innovative payment flows and applications, including instant token swap services, ERC20 payments, and financial DApps helping to build a world where any token is usable anywhere. Kyber’s ecosystem is growing rapidly. In about a month, the team got an investment and partnered with some of the best projects. ParaFi Capital, a blockchain-focused investment company, has made a strategic purchase of KNC codes. The company will assist the DeFi project by qualifying new clients and improving professional market manufacture. The project’s recent partnerships seem impressive. Includes Chainlink, Chicago DeFi Alliance, and Digifox Wallet.
An important DeFi integration was also made with MakerDAO. KNC can now be used as a DAI warranty. The project has reached a milestone worth $ 1 billion of total turnover since its inception. More importantly, volume on an annual basis is moving and accelerating from $ 70 million in the first year to more than $ 600 million in 2020. Recently five million KNC (about 2.4% of total supply) were burned, improving Kyber’s supply and demand ratio. In July, the Kyber network witnessed a Katalyst upgrade that will improve governance, signature, delegation and structural improvements.
When Katalyst hits the main network, users will be able to either vote directly or delegate tokens to shareholder groups led by either companies like Stake Capital or community members. The KNC used to vote is burned, and in turn, voters get ETH as a reward. This setting creates a model for staking an uncommon contraction for the Kyber network. KyberDAO will facilitate chain governance, like many other projects based on Ethereum. An interesting partnership with xToken has been set up to help less-participating users stake out via xKNC. xKNC automatically makes specific voting decisions, making it easier for users to join and enjoy the return. The pool was created to draw BTC to Curve. Users who do this are eligible for returns in SNX, REN, CRV, and BAL. The more BTC lock on Synthetix, the more liquid it becomes, and the more attractive it is for traders. The project plans to continue expanding its products and move towards more decentralization. Synthetix futures are scheduled to appear on the exchange within a few months. The initial leverage is expected to be 10 to 20 times. The team aims to neglect its central oracle and replace it with one from Chainlink during the second stage of the migration. This will significantly increase the decentralization and flexibility of the platform. For following the project:
Website: https://kyber.network/
Medium: https://blog.kyber.network/
Github: https://github.com/kybernetwork
Derivatives: In traditional finance, a derivative represents a contract where the value is derived from an agreement based on the performance of an underlying asset. There are four main types of derivative contracts: futures, forwards, options, and swaps.

Synthetix

Source: https://images.app.goo.gl/1UsxQ7a3M5veb5sC7
Synthetix is a decentralized artificial asset issuance protocol based on Ethereum. These synthetic assets are guaranteed by the Synthetix Network (SNX) code which enables, upon conclusion of the contract, the release of Synths. This combined collateral model allows users to make transfers between Compound directly with the smart contract, avoiding the need for counterparties. This mechanism solves DEX’s liquidity and sliding issues. Synthetix currently supports artificial banknotes, cryptocurrencies (long and short) and commodities.
SNX holders are encouraged to share their tokens as part of their proportionate percentage of activity fees are paid on Synthetix.Exchange, based on their contribution to the network. It contains three DApp applications for trading, signature and analysis: Exchange (Synths at no cost). Mintr (SNX lock for tuning and fee collection). Synthetix Network Token is a great platform in the ethereum ecosystem that leverages blockchain technology to help bridge the gap between the often mysterious cryptocurrency world and the more realistic world of traditional assets. That is, on the Synthetix network, there are Synths, which are artificial assets that provide exposure to assets such as gold, bitcoin, US dollars, and various stocks such as Tesla (NASDAQ: TSLA) and Apple (NASDAQ: AAPL). The whole idea of these artificial assets is to create shared assets where users benefit from exposure to the assets, without actually owning the asset.
It is a very unique idea, and a promising project in the ethereum landscape. Since it helps bridge the gap between cryptocurrencies and traditional assets, it creates a level of familiarity and value that is often lost in the assets of other digital currencies. This will make Synthetix take his seat in the next stage. On June 15, BitGo announced support for SNX and on June 19, Synthetix announced via blog post that Synthetix, Curve, and Ren “collaborated to launch a new stimulus group to provide liquidity for premium bitcoin on Ethereum”, and said the goal was to “create the most liquid Ethereum — the BTC-based suite available to provide traders with the lowest slippage” In trade between sBTC, renBTC and WBTC. “ For following the project:
Website: https://www.synthetix.io/
Blog: https://blog.synthetix.io/
Github: https://github.com/Synthetixio
Wallets: Wallets are a crucial gateway for interacting with DeFi products. While they commonly vary in their underlying product and asset support, across the board we’ve seen drastic improvements in usability and access thanks to the growing DeFi narrative.

Argent


Source: https://images.app.goo.gl/mYPaWecFfwRqnUTx6
It is the startup for consumer game-changing financial technology, which makes decentralized web access safer and easier. The company has built a smart and easy-to-use mobile wallet for Ethereum, which gives users the ability to easily retrieve their encrypted currencies on the go.
Argent Benefits:
  • Only you control your assets
  • Explore DeFi with one click
  • Easily retrieve and close your wallet
  • The wallet pays gas for in-app features, for example Compound and Maker
The Argent crypto wallet simplifies the process without sacrificing security. It is a type of wallet that allows you to keep cryptographic keys while keeping things simple. The Argent wallet is secured by something called the Guardians. If you lose your phone (and your Argent wallet), just contact your guardians to confirm your identity. Then you can get all your money back on another device. It is a simple and intuitive method that can make cryptocurrency manipulation easier to do without experience. Argent is focused on the Ethereum blockchain and plans to support everything Ethereum has to offer. Of course, you can send and receive ETH. The startup wants to hide the complexity on this front, as it covers transaction fees (gas) for you and gives you usernames. This way, you don’t have to set a transaction fee to make sure it expires. Insurance cooperative Nexus Mutual and Argent Portfolio Provider are planning to offer a range of smart and insurance contracts to keep Argent user money safe from hackers. First, the smart contract is designed to prevent thieves from draining the wallet by temporarily freezing transfers above the daily spending limit for addresses not listed in the user’s whitelist. The user has 24 hours to cancel the frozen transfer — very similar to the bank’s intervention and prevent fraud on the card or similar suspicious activities in the account. By contrast, the default coding state is closer to criticism: once it disappears, it disappears. “We are thinking not only of crypto users but also new users — so the ultimate goal is to duplicate what they get from their bank,” said Itamar Lisuis, one of the founders of Argent. For following the project:
Website: https://www.argent.xyz/
Medium: https://medium.com/argenthq
Github: https://github.com/argentlabs/
Asset Management: With such a vast amount of DeFi products, it’s crucial that tools are in place to better track and manage assets. In line with the permissionless nature of the wider DeFi ecosystem, these assets management projects provide users with the ability to seamlessly track their balances across various tokens, products and services in an intuitive fashion.

InstaDapp

Source: https://images.app.goo.gl/VP9Xwih6VQ1Zmv2E9
It is a smart wallet for DeFi that allows users to seamlessly manage multiple DeFi applications to maximize returns across different protocols in a fraction of the time. With InstaDapp, users can take advantage of industry-leading projects like Compound, MakerDAO and Uniswap in one easy-to-use portal. Instadapp currently supports dapps MakerDAO and Compound DeFi, allowing users to add collateral, borrow, redeem and redeem their collateral on each dapp, as well as refinance debt positions between the two. In addition to its ease of use, InstaDapp also adds additional benefits and use cases for supported projects that are not already supported. The project focuses on making DeFi easier for non-technical users by maintaining a decentralized spirit while stripping many of the confusing terms that many products bring with them.
InstaDapp has launched a one-click and one-transaction solution that allows users to quadruple the COMP Codes they can earn from using quadruple borrowing and lending. A good timing feature for sure, but this kind of simplification is exactly why Instadapp was created. Its goal is to create a simple interface into multiple DeFi applications running on the Ethereum Blockchain and then automate complex interactions in a way that enables users to maximize their profits while reducing transactions and Ethereum gas charges. To use Instadapp you will need Ethereum wallet and you will also have to create what is called Instadapp smart wallet in which token you want to use. For following the project:
Website: https://instadapp.io/
Medium: https://medium.com/instadapp
Github: https://github.com/instadapp
Savings: There are a select few DeFi projects which offer unique and novel ways to earn a return by saving cryptocurrencies. This differs from lending as there is no borrower on the other side of the table.

Dharma

Source: https://images.app.goo.gl/4JhfFNxPfE9oxoqV6
Dharma is an easy-to-use layer above the compound protocol. It introduces new and non-technical users to transaction encryption and allows them to easily borrow or lend in DeFi markets and earn interest in stable currencies. You can start by simply using a debit card. Funds are kept in a non-portfolio portfolio, which constantly earns interest on all of your deposited assets. The value of Dharma’s DeFi lending experience is:
  • Easy entry.
  • Simple wallet.
  • High protection.
  • Depositing and withdrawing banknotes.
Dharma, the prominent DeFi cryptobank bank, has made it extremely easy to bring any Twitter user into the crypto world. Dharma users can send money from the Dharma app by searching for any Twitter handle, setting the required amount, and clicking on one button. The Twitter Dharma Bot account can send a unique notification with a link to download the Dharma mobile app. Senders are encouraged to retweet the notification to ensure that the receiver does not lose it.
To raise money, recipients simply download the Dharma app. After creating a Dharma account, users connect their Twitter account to receive access to the money sent. They can choose to transfer money to US dollars and withdraw to a bank account, or leave DAI in a Dharma account where it will earn interest like all Dharma deposits. The submitted DAI will gain interest even before the receiving user requests it while waiting for the claim. In her ad, Dharma demonstrated a number of ways in which the new social payments feature can be used, including tips for your favorite Twitter personalities, accepting payments for goods or services in a very clear way, charitable donations across borders or transfer payments. The Dharma app is available for both Android and iOS. Dharma and Compound
Dharma generates interest by DAI signing the Compound Protocol. Dharma also appeared in the news recently after the release of a specification outlining a Layer 2 expansion solution allowing the platform to expand to handle current transaction volume 10x, ensuring users can transfer their money quickly even in times of heavy congestion on the Ethereum network. Dharma is developing its “core” and “underwriting” contracts within the company. Underwriting contracts are open source and non-custodian, while each loan contract is closed source. This means that the receiving address contains nodes that interact with a script on a central Dharma server.For following the project:
Website: https://dharma.io/
Medium: https://medium.com/dharma-blog
Github: https://github.com/dharmaprotocol
Insurance: Decentralized insurance protocols allow users to take out policies on smart contracts, funds, or any other cryptocurrencies through pooled funds and reserves.

Nexus Mutual


Source: https://images.app.goo.gl/b7HwB8ifvTXwFhrh6
Nexus Mutual uses blockchain technology to return mutual values to insurance by creating consistent incentives with the smart contract symbol on the Ethereum blockchain. It is built on the Ethchaum blockchain and uses a modular system to aggregate smart Ethereum nodes, allowing to upgrade the system’s logical components without affecting other components.
The way Nexus works is members of the mutual association by purchasing NXM codes that allow them to participate in the decentralized independent organization (DAO). All decisions are voted on by members, who are motivated to pay real claims. It sees plenty of opportunities in a gradual transition of Ethereum to Eth 2.0, which is expected to start later this year. Eth 2.0 moves the network from the power-hungry Proof-of-Consensus (PoW) algorithm to Proof-of-Stake (PoS), a way to sign cryptocurrency in order to keep the network afloat. Having a steady return on signature from the Ether (ETH) can be somewhat compared to the way in which insurance companies invest in the real world the premiums they collect.
By setting a strong set of conditions for Nexus Mutual, anyone will be able to bring in and acquire a new form of risk for mutual coverage — assuming that members are willing to share NXM. With this design, the mutual discretion will be able to expand into much broader fields beyond smart contracts. In addition to defining multi-layered term agreements, Nexus Mutual also has some other advantages needed to achieve this visualization. For following the project:
Website: https://nexusmutual.io/
Medium: https://medium.com/nexus-mutual
Github: https://github.com/NexusMutual
Disclaimer: This report is a study of what is happening in the market at the present time and we do not support or promote any of the mentioned projects or cryptocurrencies. Any descriptions of the jobs and services provided are for information only. We are not responsible for any loss of funds or other damages caused.
Resources:
https://compound.finance/
https://kyber.network/
https://instadapp.io/
https://www.synthetix.io/
https://www.argent.xyz/
https://dharma.io/
https://nexusmutual.io/
submitted by CoinEx_Institution to u/CoinEx_Institution [link] [comments]

LOEx Market Research Report on July 9: BTC is hovering at the 50-day moving average, which indicates that there will be a few days of fluctuations in the interval

LOEx Market Research Report on July 9: BTC is hovering at the 50-day moving average, which indicates that there will be a few days of fluctuations in the interval
[Today's Hot Tips]
1. [Onshore RMB breaks the 7.0 mark and the USDT premium rate narrows to -0.48%]
The market shows that the onshore RMB regained the 7.0 mark against the US dollar for the first time since mid-March. Onshore RMB is now reported at 6.9938, and USDT quotes 6.960RMB on the off-site Boboo.com. The premium rate narrows to -0.48%.
2. [Report: The number of USDT active addresses based on Ethereum reached a record high in June]
According to U.Today on July 9, the latest report of blockchain research company CoinMetrics shows that the growth of Ethereum-based Tether (USDT) has stopped this month. The USDT-ERC20 token reached a historical peak of 140,000 active addresses in June. Currently, the number of active addresses has dropped to below 120,000.
3. [The US CFTC promises to develop an "overall framework" for digital assets by 2024]
According to the news of Cointelegraph on July 9, the US Commodity Futures Trading Commission (CFTC) will make comprehensive cryptocurrency supervision a priority in its final strategy for the next four years released on July 8. Its strategic goal promises: "A overall framework will be developed to promote responsible digital asset innovation."
[Today's market analysis]
Bitcoin (BTC)After pulling up yesterday evening, BTC has continued to consolidate above 9400 USDT since early this morning. XRP led the rise in mainstream currencies. BTC is currently reported at 9377.1 USDT on LOEx Global, a drop of 0.37% in 24h.
According to the CryptoCompare report, due to Bitcoin's range fluctuations, the volume of cryptocurrency derivatives transactions fell by 35.7% in June. However, the Bitcoin option trading volume of the Chicago Mercantile Exchange rose to its highest level in history in June.
After staying at the 50-day simple moving average ($9,376) for the past two days, Bitcoin (BTC) has risen above the resistance level, which is a positive sign because it indicates that demand is at a higher level.
If the bulls are able to maintain the price above the 50-day moving average, they may rebound to $9,795.63 and then to $10,000. Currently, both moving averages are flat and the relative intensity index is just above 50, which indicates that there will be several days of fluctuations in this interval.
If the bulls can push BTC/USDT to break the $10,000 to $10,500 resistance zone, this view will fail. But so far, this seems to be a difficult task.
Operation suggestions:
Support level: the first support level is 9200 points, the second support level is 9000 integers;
Resistance level: the first resistance level is 9500 points, the second resistance level is 9700 points.
LOEx is registered in Seychelles. It is a global one-stop digital asset service platform with business distribution nodes in 20 regions around the world. It has been exempted from Seychelles and Singapore Monetary Authority (MAS) digital currency trading services. Provide services and secure encrypted digital currency trading environment for 2 million community members in 24 hours.
https://preview.redd.it/as8qe7jztr951.png?width=554&format=png&auto=webp&s=66d96b1609cfda78e53ab1e75a7750f50dea1808
submitted by LOEXCHANGE to u/LOEXCHANGE [link] [comments]

Complete Guide to All r/neoliberal Flair Personalities [J-L]

Please see the first post [A-I] for more info about this post. Unfortunately, post character limit is 40k, so I will have to break this into multiple posts linked here:

[A-I]

[J-L]

[M-P]

[Q-Z]


James Heckman
1944 – Present Born: United States Resides: United States
· Professor in Economics at the University of Chicago. Professor at the Harris Graduate School of Public Policy Studies. Director of the Center for the Economics of Human Development (CEHD). Co-Director of Human Capital and Economic Opportunity (HCEO) Global Working Group. Heckman is also a Professor of Law at ‘the Law School’, a senior research fellow at the American Bar Foundation, and a research associate at the National Bureau of Economic Research.
· In 2000, Heckman shared the Nobel Memorial Prize in Economic Sciences with Daniel McFadden, for his pioneering work in econometrics and microeconomics.
· As of February 2019 (according to RePEc), he is the next most influential economist in the world behind Daniel McFadden.
· Heckman has received numerous awards for his work, including the John Bates Clark Medal of the American Economic Association in 1983, the 2005 and 2007 Dennis Aigner Award for Applied Econometrics from the Journal of Econometrics, the 2005 Jacob Mincer Award for Lifetime Achievement in Labor Economics, the 2005 Ulysses Medal from the University College Dublin, the 2007 Theodore W. Schultz Award from the American Agricultural Economics Association, the Gold Medal of the President of the Italian Republic awarded by the International Scientific Committee of the Pio Manzú Centre in 2008, the Distinguished Contributions to Public Policy for Children Award from the Society for Research in Child Development in 2009, the 2014 Frisch Medal from the Econometric Society, the 2014 Spirit of Erikson Award from the Erikson Institute, and the 2016 Dan David Prize for Combating Poverty from Tel Aviv University.
“The best way to improve the American workforce in the 21st century is to invest in early childhood education, to ensure that even the most disadvantaged children have the opportunity to succeed alongside their more advantaged peers”

Janet Yellen
1945 – Present Born: United States Resides: United States
· Successor to Ben Bernanke, serving as the Chair of the Federal Reserve from 2014 to 2018, and as Vice Chair from 2010 to 2014, following her position as President and Chief Executive Officer of the Federal Reserve Bank of San Francisco. Yellen was also Chair of the White House Council of Economic Advisers under President Bill Clinton.
· Yellen is a Keynesian economist and advocates the use of monetary policy in stabilizing economic activity over the business cycle. She believes in the modern version of the Phillips curve, which originally was an observation about an inverse relationship between unemployment and inflation. In her 2010 nomination hearing for Vice Chair of the Federal Reserve Board of Governors, Yellen said, “The modern version of the Phillips curve model—relating movements in inflation to the degree of slack in the economy—has solid theoretical and empirical support.”
· Yellen is married to George Akerlof, another notable economist, Nobel Memorial Prize in Economic Sciences laureate, professor at Georgetown University and the University of California, Berkeley..
· In 2014, Yellen was named by Forbes as the second most powerful woman in the world. She was the highest ranking American on the list. In October 2015, Bloomberg Markets ranked her first in their annual list of the 50 most influential economists and policymakers. In October 2015, Sovereign Wealth Fund Institute ranked Yellen #1 in the Public Investor 100 list. In October 2010, she received the Adam Smith Award from the National Association for Business Economics (NABE).
“In the long run, outsourcing is another form of trade that benefits the U.S. economy by giving us cheaper ways to do things.”
“I'm just opposed to a pure inflation-only mandate in which the only thing a central bank cares about is inflation and not unemployment.”

Jared Polis
1975 – Present Born: United States Resides: United States
· 43rd governor of Colorado since January 2019. Polis served on the Colorado State Board of Education from 2001 to 2007 and was the United States Representative for Colorado's 2nd congressional district from 2009 to 2019.
· Polis is the first openly gay person and second openly LGBT person (after Kate Brown of Oregon) to be elected governor in the United States.
· In 2000 Polis founded the Jared Polis Foundation, whose mission is to “create opportunities for success by supporting educators, increasing access to technology, and strengthening our community.” Polis has also founded two charter schools.
· Polis was named Outstanding Philanthropist for the 2006 National Philanthropy Day in Colorado. He has received many awards, including the Boulder Daily Camera's 2007 Pacesetter Award in Education; the Kauffman Foundation Community Award; the Denver consul general of Mexico “Ohtli”; the Martin Luther King Jr. Colorado Humanitarian Award; and the Anti-Defamation League's inaugural Boulder Community Builder Award.
“Having alternative currencies is great, right, because, historically, government's had a monopoly on currency. At the end of the day, why should only politicians—either directly or indirectly—control the currency? We can reduce transaction cost, provide an alternative, and—look, I don't know whether it'll be Bitcoin or not—but I think the concept of digital currencies is here to stay, and the fact that a politician would write to try to ban them in their infancy is just the wrong way to go about it. Let the market determine whether there's any value there or not.”

Jeff Bezos
1964 – Present Born: United States Resides: United States
· Best known as the founder, CEO, and president of Amazon, Bezos is an American internet and aerospace entrepreneur, media proprietor, and investor. The first centi-billionaire on the Forbes wealth index, Bezos was named the “richest man in modern history” after his net worth increased to $150 billion in July 2018. In September 2018, Forbes described him as “far richer than anyone else on the planet” as he added $1.8 billion to his net worth when Amazon became the second company in history to reach a market cap of $1 trillion.
· Bezos supported the electoral campaigns of U.S. senators Patty Murray and Maria Cantwell, two Democratic U.S. senators from Washington. He has also supported U.S. representative John Conyers, as well as Patrick Leahy and Spencer Abraham, U.S. senators serving on committees dealing with Internet-related issues.
· Bezos has supported the legalization of same-sex marriage, and in 2012 contributed $2.5 million to a group supporting a yes vote on Washington Referendum 74, which affirmed same-sex marriage.
· After the 2016 presidential election, Bezos was invited to join Donald Trump's Defense Innovation Advisory Board, an advisory council to improve the technology used by the Defense Department. Bezos declined the offer without further comment.
· In September 2018, Business Insider reported that Bezos was the only one of the top five billionaires in the world who had not signed the Giving Pledge, an initiative created by Bill Gates and Warren Buffett that encourage wealthy people to give away their wealth.
“Percentage margins don't matter. What matters always is dollar margins: the actual dollar amount. Companies are valued not on their percentage margins, but on how many dollars they actually make, and a multiple of that.”
“We have the resources to build room for a trillion humans in this solar system, and when we have a trillion humans, we'll have a thousand Einsteins and a thousand Mozarts. It will be a way more interesting place to live.”

Jens Weidmann
1968 – Present Born: Germany Resides: Germany
· German economist and president of the Deutsche Bundesbank. Chairman of the Board of the Bank for International Settlements. From 1997 to 1999, Weidmann worked at the International Monetary Fund. In 2006, he began serving as Head of Division IV (Economic and Financial Policy) in the Federal Chancellery. He was the chief negotiator of the Federal Republic of Germany for both the summits of the G8 and the G20. He was given the 2016 Medal for Extraordinary Merits for Bavaria in a United Europe.
· Weidmann was involved in a series of major decisions in response to the financial crisis in Germany and Europe: preventing the meltdown of the bank Hypo Real Estate, guaranteeing German deposits and implementing a rescue programme for the banking system, piecing together two fiscal-stimulus programmes, and setting up the Greek bail-out package and the European Financial Stability Facility (EFSF).
· In a 2011 speech, Weidmann criticized the errors and “many years of wrong developments” of the European Monetary Union (EMU) peripheral states, particularly the wasted opportunity represented by their “disproportionate investment in private home-building, high government spending or private consumption”. In May, 2012, Weidmann's stance was characterized by US economist and columnist Paul Krugman as amounting to wanting to destroy the Euro. In 2016, Weidmann dismissed deflation in light of the European Central Bank's current stimulus program, pointing out the healthy condition of the German economy and that the euro area is not that bad off.
“I share the concerns regarding monetary policy that is too loose for too long. … As you know I have concerns about granting emergency liquidity on account of the fact that the banks are not doing everything to improve their liquidity situation.”

Jerome Powell
1953 – Present Born: United States Resides: United States
· Current Chair of the Federal Reserve, nominated by Trump. Powell has faced substantial and repeated criticism from Trump after his confirmation. The Senate Banking Committee approved Powell's nomination in a 22–1 vote, with Senator Elizabeth Warren casting the lone dissenting vote.
· Powell briefly served as Under Secretary of the Treasury for Domestic Finance under George H. W. Bush in 1992. He has served as a member of the Federal Reserve Board of Governors since 2012. He is the first Chair of the Federal Reserve since 1987 not to hold a Ph.D. degree in Economics.
· Powell has described the Fed's role as nonpartisan and apolitical. Trump has criticized Powell for not massively lowering federal interest rates and instituting quantitative easing.
· The Bloomberg Intelligence Fed Spectrometer rated Powell as neutral (not dove nor hawk). Powell has been a skeptic of round 3 of quantitative easing, initiated in 2012, although he did vote in favor of implementation.
· Powell stated that higher capital and liquidity requirements and stress tests have made the financial system safer and must be preserved. However, he also stated that the Volcker Rule should be re-written to exclude smaller banks. Powell supports ample amounts of private capital to support housing finance activities.
“The Fed's organization reflects a long-standing desire in American history to ensure that power over our nation's monetary policy and financial system is not concentrated in a few hands, whether in Washington or in high finance or in any single group or constituency.”

John Cochrane
1957 – Present Born: United States Resides: United States
· Senior Fellow of the Hoover Institution at Stanford University and economist, specializing in financial economics and macroeconomics.
· The central idea of Cochrane's research is that macroeconomics and finance should be linked, and a comprehensive theory needs to explain both 1.) how, given the observed prices and financial returns, households and firms decide on consumption, investment, and financing; and 2.) how, in equilibrium, prices and financial returns are determined by households and firms decisions.
· Cochrane is the author of ‘Asset Pricing,’ a widely used textbook in graduate courses on asset pricing. According to his own words, the organizing principle of the book is that everything can be traced back to specializations of a single equation: the basic pricing equation. Cochrane received the TIAA-CREF Institute Paul A. Samuelson Award for this book.
“Regulators and politicians aren’t nitwits. The libertarian argument that regulation is so dumb — which it surely is — misses the point that it is enacted by really smart people. The fact that the regulatory state is an ideal tool for the entrenchment of political power was surely not missed by its architects.”

John Keynes (John Maynard Keynes, 1st Baron Keynes)
1883 – 1946 Born: England Died: England
· British economist, whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments. Originally trained in mathematics, he built on and greatly refined earlier work on the causes of business cycles, and was one of the most influential economists of the 20th century. Widely considered the founder of modern macroeconomics, his ideas are the basis for the school of thought known as Keynesian economics, and its various offshoots. Keynes was a lifelong member of the Liberal Party, which until the 1920s had been one of the two main political parties in the United Kingdom.
· During the 1930s Great Depression, Keynes challenged the ideas of neoclassical economics that held that free markets would, in the short to medium term, automatically provide full employment, as long as workers were flexible in their wage demands. He argued that aggregate demand (total spending in the economy) determined the overall level of economic activity, and that inadequate aggregate demand could lead to prolonged periods of high unemployment. Keynes advocated the use of fiscal and monetary policies to mitigate the adverse effects of economic recessions and depressions.
· Keynes's influence started to wane in the 1970s, his ideas challenged by those who disputed the ability of government to favorably regulate the business cycle with fiscal policy. However, the advent of the global financial crisis of 2007–2008 sparked a resurgence in Keynesian thought. Keynesian economics provided the theoretical underpinning for economic policies undertaken in response to the crisis by President Barack Obama of the United States, Prime Minister Gordon Brown of the United Kingdom, and other heads of governments.
· Keynes was vice-chairman of the Marie Stopes Society which provided birth control education and campaigned against job discrimination against women and unequal pay. He was an outspoken critic of laws against homosexuality. Keynes thought that the pursuit of money for its own sake was a pathological condition, and that the proper aim of work is to provide leisure. He wanted shorter working hours and longer holidays for all. Keynes was ultimately a successful investor, building up a private fortune.
“How can I accept the Communist doctrine, which sets up as its bible, above and beyond criticism, an obsolete textbook which I know not only to be scientifically erroneous but without interest or application to the modern world? How can I adopt a creed which, preferring the mud to the fish, exalts the boorish proletariat above the bourgeoisie and the intelligentsia, who with all their faults, are the quality of life and surely carry the seeds of all human achievement? Even if we need a religion, how can we find it in the turbid rubbish of the red bookshop? It is hard for an educated, decent, intelligent son of Western Europe to find his ideals here, unless he has first suffered some strange and horrid process of conversion which has changed all his values.”

John Locke
1632 – 1704 Born: England Died: England
· Known as the “Father of Liberalism,” Locke was an English philosopher and physician, widely regarded as one of the most influential of Enlightenment thinkers. His work greatly affected the development of epistemology and political philosophy. His writings influenced Voltaire and Jean-Jacques Rousseau, many Scottish Enlightenment thinkers, as well as the American revolutionaries. His contributions to classical republicanism and liberal theory are reflected in the United States Declaration of Independence.
· Locke's political theory was founded on social contract theory. Social contract arguments typically posit that individuals have consented, either explicitly or tacitly, to surrender some of their freedoms and submit to the authority (of the ruler, or to the decision of a majority) in exchange for protection of their remaining rights or maintenance of the social order.
· Locke advocated for governmental separation of powers and believed that revolution is not only a right but an obligation in some circumstances. Locke was vehemently opposed to slavery, calling it “vile and miserable … directly opposite to the generous Temper and Courage of our Nation.”
· Locke uses the word “property” in both broad and narrow senses. In a broad sense, it covers a wide range of human interests and aspirations; more narrowly, it refers to material goods. He argues that property is a natural right and it is derived from labour aand that the individual ownership of goods and property is justified by the labour exerted to produce those goods
· According to Locke, unused property is wasteful and an offence against nature, but, with the introduction of “durable” goods, men could exchange their excessive perishable goods for goods that would last longer and thus not offend the natural law. In his view, the introduction of money marks the culmination of this process, making possible the unlimited accumulation of property without causing waste through spoilage.
“The power of the legislative, being derived from the people by a positive voluntary grant and institution, can be no other than what that positive grant conveyed, which being only to make laws, and not to make legislators, the legislative can have no power to transfer their authority of making laws, and place it in other hands.”
“No man in civil society can be exempted from the laws of it: for if any man may do what he thinks fit, and there be no appeal on earth, for redress or security against any harm he shall do; I ask, whether he be not perfectly still in the state of nature, and so can be no part or member of that civil society; unless any one will say, the state of nature and civil society are one and the same thing, which I have never yet found any one so great a patron of anarchy as to affirm.”

John Mill (John Stuart Mill a.k.a. J. S. Mill)
1806 – 1873 Born: England Died: France
· John Stuart Mill was arguably the most influential English speaking philosopher of the nineteenth century. He was a naturalist, a utilitarian, and a liberal, whose work explores the consequences of a thoroughgoing empiricist outlook. In doing so, he sought to combine the best of eighteenth-century Enlightenment thinking with newly emerging currents of nineteenth-century Romantic and historical philosophy. His most important works include System of Logic (1843), On Liberty (1859), Utilitarianism (1861) and An Examination of Sir William Hamilton’s Philosophy (1865).
· Mill's conception of liberty justified the freedom of the individual in opposition to unlimited state and social control. A member of the Liberal Party and author of the early feminist work The Subjection of Women (in which he also condemned slavery), he was also the second Member of Parliament to call for women's suffrage after Henry Hunt in 1832.
· Mill, an employee for the British East India Company from 1823 to 1858, argued in support of what he called a “benevolent despotism” with regard to the colonies. Mill argued that “To suppose that the same international customs, and the same rules of international morality, can obtain between one civilized nation and another, and between civilized nations and barbarians, is a grave error. ... To characterize any conduct whatever towards a barbarous people as a violation of the law of nations, only shows that he who so speaks has never considered the subject.”
· John Stuart Mill believed in the philosophy of Utilitarianism, which he described as the principle that holds “that actions are right in the proportion as they tend to promote happiness [intended pleasure, and the absence of pain], wrong as they tend to produce the reverse of happiness [pain, and the privation of pleasure].” Mill asserts that even when we value virtues for selfish reasons we are in fact cherishing them as a part of our happiness.
· Mill's early economic philosophy was one of free markets. However, he accepted interventions in the economy, such as a tax on alcohol, if there were sufficient utilitarian grounds. Mill originally believed that “equality of taxation” meant “equality of sacrifice” and that progressive taxation penalized those who worked harder and saved more. Given an equal tax rate regardless of income, Mill agreed that inheritance should be taxed.
· His main objection of socialism was on that of what he saw its destruction of competition. According to Mill, a socialist society would only be attainable through the provision of basic education for all, promoting economic democracy instead of capitalism, in the manner of substituting capitalist businesses with worker cooperatives.
· Mill's major work on political democracy defends two fundamental principles at slight odds with each other: extensive participation by citizens and enlightened competence of rulers. He believed that the incompetence of the masses could eventually be overcome if they were given a chance to take part in politics, especially at the local level.
· Mill is one of the few political philosophers ever to serve in government as an elected official. In his three years in Parliament, he was more willing to compromise than the “radical” principles expressed in his writing would lead one to expect.
“He who knows only his own side of the case knows little of that. His reasons may be good, and no one may have been able to refute them. But if he is equally unable to refute the reasons on the opposite side, if he does not so much as know what they are, he has no ground for preferring either opinion... Nor is it enough that he should hear the opinions of adversaries from his own teachers, presented as they state them, and accompanied by what they offer as refutations. He must be able to hear them from persons who actually believe them...he must know them in their most plausible and persuasive form.”
“The only freedom which deserves the name is that of pursuing our own good in our own way, so long as we do not attempt to deprive others of theirs, or impede their efforts to obtain it. Each is the proper guardian of his own health, whether bodily, or mental or spiritual. Mankind are greater gainers by suffering each other to live as seems good to themselves, than by compelling each to live as seems good to the rest.”

John Rawls
1921 – 2002 Born: United States Died: United States
· Liberal American moral and political philosopher who received both the Schock Prize for Logic and Philosophy and the National Humanities Medal in 1999, the latter presented by President Bill Clinton, who acclaimed Rawls for having “helped a whole generation of learned Americans revive their faith in democracy itself.” He is frequently cited by the courts of law in the United States and Canada.
· Rawls's most discussed work is his theory of a just liberal society, called justice as fairness. Rawls first wrote about this theory in his book A Theory of Justice. Rawls spoke much about the desire for a well-ordered society; a society of free and equal persons cooperating on fair terms of social cooperation.
· Rawls’s most important principle (the Liberty Principal) states that every individual has an equal right to basic liberties. Rawls believes that “personal property” constitutes a basic liberty, but an absolute right to unlimited private property is not.
· Rawls's argument for his principles of social justice uses a thought experiment called the “original position”, in which people select what kind of society they would choose to live under if they did not know which social position they would personally occupy.
“Justice is the first virtue of social institutions, as truth is of systems of thought. A theory however elegant and economical must be rejected or revised if it is untrue; likewise laws and institutions no matter how efficient and well-arranged must be reformed or abolished if they are unjust. Each person possesses an inviolability founded on justice that even the welfare of society as a whole cannot override. For this reason justice denies that the loss of freedom for some is made right by a greater good shared by others. It does not allow that the sacrifices imposed on a few are outweighed by the larger sum of advantages enjoyed by many. Therefore in a just society the liberties of equal citizenship are taken as settled; the rights secured by justice are not subject to political bargaining or to the calculus of social interests.”

Joseph Nye
1937 – Present Born: United States Resides: United States
· American political scientist and co-founder of the international relations theory of neoliberalism (a theory concerned first and foremost with absolute gains rather than relative gains to other states), developed in the 1977 book Power and Interdependence. He is noted for his notion of “smart power” (“the ability to combine hard and soft power into a successful strategy”), which became a popular phrase with the Clinton and Obama Administrations.
· Secretary of State John Kerry appointed Nye to the Foreign Affairs Policy Board in 2014. In 2014, Nye was awarded the Order of the Rising Sun, Gold and Silver Star in recognition of his “contribution to the development of studies on Japan-U.S. security and to the promotion of the mutual understanding between Japan and the United States.”
· From 1977 to 1979, Nye was Deputy to the Undersecretary of State for Security Assistance, Science, and Technology and chaired the National Security Council Group on Nonproliferation of Nuclear Weapons. In recognition of his service, he was awarded the State Department's Distinguished Honor Award in 1979. In 1993 and 1994, he was Chairman of the National Intelligence Council, which coordinates intelligence estimates for the President, and was awarded the Intelligence Community's Distinguished Service Medal. In the Clinton Administration from 1994 to 1995, Nye served as Assistant Secretary of Defense for International Security Affairs, and was awarded the Department's Distinguished Service Medal with Oak Leaf Cluster. Nye was considered by many to be the preferred choice for National Security Advisor in the 2004 presidential campaign of John Kerry.
· Nye has been a member of the Harvard faculty since 1964. He is a fellow of the American Academy of Arts & Sciences and a foreign fellow of The British Academy. Nye is also a member of the American Academy of Diplomacy. The 2011 TRIP survey of over 1700 international relations scholars ranks Joe Nye as the sixth most influential scholar in the field of international relations in the past twenty years. He was also ranked as most influential in American foreign policy. In 2011, Foreign Policy magazine named him to its list of top global thinkers. In September 2014, Foreign Policy reported that the international relations scholars and policymakers both ranked Nye as one of the most influential scholars.
“When you can get others to admire your ideals and to want what you want, you do not have to spend as much on sticks and carrots to move them in your direction. Seduction is always more effective than coercion, and many values like democracy, human rights, and individual opportunities are deeply seductive.”

Karl Popper
1902 – 1994 Born: Austria-Hungary Died: England
· Karl Popper is generally regarded as one of the greatest philosophers of science of the 20th century. He was a self-professed critical-rationalist, a dedicated opponent of all forms of scepticism, conventionalism, and relativism in science and in human affairs generally and a committed advocate and staunch defender of the ‘Open Society’.
· In ‘The Open Society and Its Enemies’ and ‘The Poverty of Historicism’, Popper developed a critique of historicism and a defense of the “Open Society”. Popper considered historicism to be the theory that history develops inexorably and necessarily according to knowable general laws towards a determinate end. He argued that this view is the principal theoretical presupposition underpinning most forms of authoritarianism and totalitarianism. He argued that historicism is founded upon mistaken assumptions regarding the nature of scientific law and prediction. Since the growth of human knowledge is a causal factor in the evolution of human history, and since “no society can predict, scientifically, its own future states of knowledge”, it follows, he argued, that there can be no predictive science of human history. For Popper, metaphysical and historical indeterminism go hand in hand.
· Popper is known for his vigorous defense of liberal democracy and the principles of social criticism that he believed made a flourishing open society possible. His political philosophy embraced ideas from major democratic political ideologies, including socialism/social democracy, libertarianism/classical liberalism and conservatism, and attempted to reconcile them.
“Unlimited tolerance must lead to the disappearance of tolerance. If we extend unlimited tolerance even to those who are intolerant, if we are not prepared to defend a tolerant society against the onslaught of the intolerant, then the tolerant will be destroyed, and tolerance with them. In this formulation, I do not imply, for instance, that we should always suppress the utterance of intolerant philosophies; as long as we can counter them by rational argument and keep them in check by public opinion, suppression would certainly be most unwise. But we should claim the right to suppress them if necessary even by force; for it may easily turn out that they are not prepared to meet us on the level of rational argument, but begin by denouncing all argument; they may forbid their followers to listen to rational argument, because it is deceptive, and teach them to answer arguments by the use of their fists or pistols. We should therefore claim, in the name of tolerance, the right not to tolerate the intolerant. We should claim that any movement preaching intolerance places itself outside the law, and we should consider incitement to intolerance and persecution as criminal, in the same way as we should consider incitement to murder, or to kidnapping, or to the revival of the slave trade, as criminal.”

Lawrence Summers
1954 – Present Born: United States Resides: United States
· American economist, former Vice President of Development Economics and Chief Economist of the World Bank, senior U.S. Treasury Department official throughout President Clinton's administration, Treasury Secretary 1999–2001, and former director of the National Economic Council for President Obama (2009–2010). Summers served as the 27th President of Harvard University from 2001 to 2006. Current professor and director of the Mossavar-Rahmani Center for Business and Government at Harvard's Kennedy School of Government.
· As a researcher, Summers has made important contributions in many areas of economics, primarily public finance, labor economics, financial economics, and macroeconomics. Summers has also worked in international economics, economic demography, economic history and development economics.[ He received the John Bates Clark Medal in 1993 from the American Economic Association. In 1987, he was the first social scientist to win the Alan T. Waterman Award from the National Science Foundation. Summers is also a member of the National Academy of Sciences.
· In 1983, at age 28, Summers became one of the youngest tenured professors in Harvard's history. In 2006, Summers resigned as Harvard's president in the wake of a no-confidence vote by Harvard faculty. Summers viewed his beliefs on why science and engineering had an under-representation of women to be a large part in the vote, saying, “There is a great deal of absurd political correctness. Now, I'm somebody who believes very strongly in diversity, who resists racism in all of its many incarnations, who thinks that there is a great deal that's unjust in American society that needs to be combated, but it seems to be that there is a kind of creeping totalitarianism in terms of what kind of ideas are acceptable and are debatable on college campuses.”
· As the World Bank's Vice President of Development Economics and Chief Economist, Summers played a role in designing strategies to aid developing countries, worked on the bank's loan committee, guided the bank's research and statistics operations, and guided external training programs. The World Bank's official site reports that Summer's research included an “influential” report that demonstrated a very high return from investments in educating girls in developing nations. According to The Economist, Summers was “often at the centre of heated debates” about economic policy, to an extent exceptional for the history of the World Bank in recent decades.
· In 1999 Summers endorsed the Gramm–Leach–Bliley Act which removed the separation between investment and commercial banks. In February 2009, Summers quoted John Maynard Keynes, saying “When circumstances change, I change my opinion”, reflecting both on the failures of Wall Street deregulation and his new leadership role in the government bailout.
submitted by learnactreform to neoliberal [link] [comments]

Introduction to Cryptocurrency: ETH, the Leader after BTC

Introduction to Cryptocurrency: ETH, the Leader after BTC

Written by the CoinEx Institution, this series of jocular and easy to understand articles will show you everything you need to know about major cryptocurrencies, making you fully prepared before jumping into crypto!
Today we’re going to talk about ETH. Our introduction needs to start with Ethereum, the platform of its origin.
As we all know, the world-renowned Ethereum is an open source public blockchain platform with smart contract functions. This platform provides a decentralized virtual machine to process peer-to-peer contracts through its dedicated cryptocurrency, ETH.
Ethereum was originally proposed by a person named Vitalik Buterin. Vitalik is a programmer in the BTC community. One day he proposed to BTC core developers: the BTC platform should have a more complete programming language for people to develop programs, but this proposal was not approved. So Vitalik decided to do it alone.
At the time, Vitalik thought that many programs could go further in the Bitcoin-like principles, so he made up his mind to develop a new platform. One day in 2013, he wrote the “Ethereum White Paper,” which put forward the concept of Ethereum: “a next-generation cryptocurrency and decentralized application platform.” In 2014, he raised funds through ICO, and investors also bought ETH for BTC from the foundation.
The Ethereum program was originally developed by Ethereum Switzerland GmbH, a Swiss company, and then was transferred to the Ethereum Foundation, a non-profit organization.
In its infancy of development, the Ethereum platform was praised by some for its technological innovation, but was also questioned by some others for its security and scalability.
Here we cannot skip the king of all cryptocurrencies — BTC. BTC has pioneered the decentralized cryptocurrency and fully tested the feasibility and security of blockchain technology in more than five years.
But BTC is not the perfect leader. One of the shortcomings lies in the scalability of its protocol. For example, there is only one symbol in the Bitcoin network — BTC. Users cannot customize other symbols, which deprives it of some functions. In addition, the BTC protocol applies a set of stack-based scripting languages, which, despite the flexibility to enable functions such as multi-signature, is not enough to build more advanced applications, such as decentralized exchanges. Such problems also catalyzed the birth of Ethereum — which was designed to solve the insufficient scalability of BTC.
In 2016, Ethereum technology was recognized by the market, and its price started to skyrocket. It was known as the “second-generation blockchain platform”, and was also recognized by some people as the “BTC2.0”. Ethereum technology has also attracted a large number of people other than developers. The most well-known of them is the Enterprise Ethereum Alliance, a vast network established by more than 20 of the world’s top financial institutions and technology companies, e.g. JP Morgan, the Chicago Board of Trade, New York Mellon Bank, Thomson Reuters, Microsoft, Intel, and Accenture, in early 2017. The cryptocurrency ETH created by Ethereum has also become the sought-after asset after BTC and the darling of many digital currency exchanges. CoinEx, a world-renowned digital currency exchange, also supports ETH trading.
Compared to most other cryptocurrencies or blockchain technologies, Ethereum is characterized in the following ways:
  1. Smart contract: The program stored on the blockchain is run by each node. The person who runs the program needs to pay a transaction fee to the miner or stakeholder of the node;
  2. Tokens: Smart contracts can create tokens for distributed applications. The tokenization of distributed applications puts the interests of users, investors and managers in the same boat, and tokens can also be used for the ICO.
  3. Uncle block: Merge the shorter blockchain that was not included in the parent chain in time due to the slow speed, to increase the transaction volume;
  4. Proof of Stake: Compared with the Proof of Work, it is more efficient, and can save a lot of computer resources wasted during mining and avoid network centralization caused by special application integrated circuits;
  5. Distributed applications: Distributed applications on Ethereum do not stop and cannot be shut down. As a relatively new development project using Bitcoin technology, Ethereum is committed to implementing a globally decentralized, un-ownable, digital computer for executing peer-to-peer contracts. Simply put, Ethereum is a world computer that you can’t turn off.
To get to know more mysteries of ETH, start with ETH trading. Come to CoinEx to unlock the wonderland of ETH!
www.coinex.com
submitted by dammy1988 to ICOAnalysis [link] [comments]

Fortnight Tech Roundup & Discourse - IRNSS NavIC

Fortnight Tech Roundup & Discourse - IRNSS NavIC

Welcome to this week's tech round up and discourse post.

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EBay, Stripe and Mastercard drop out of Facebook’s Libra Association techcrunch
Club Factory raises $100M to expand its lifestyle e-commerce platform in India economictimes
Donald Trump joins Amazon's video game streaming platform Twitch cnn
Bill McDermott steps down as SAP’s CEO wsj
Elon Musk says that NASA is free to share all SpaceX IP with ‘anyone it wants’ gizmodo
NASA’s new Moon-bound spacesuit is safer, smarter and much more comfortable nasa.gov
Steam will soon let you play local-only multiplayer games with far off friends pcgamer
Dyson kills its electric car project and turns to solid-state batteries guardian
Amazon Music arrives on Apple TV pocket-lint
Google takes AMP to the OpenJS Foundation openjsf
Russia’s Yandex introduces an Echo Dot-style smart speaker techcrunch
Cisco hit by an internal network outage cbronline
Xage now supports hierarchical blockchains for complex implementations globenewswire
NASCAR could debut hybrids as early as 2022 thedrive
Apple pulls HKmap from App Store, the day after Chinese state media criticized its ‘unwise and reckless decision’ to approve it cnbc
Virgin Orbit plans to send cubesats to Mars as early as 2022 cnet
Call of Duty is the biggest mobile game launch ever, with 100 million downloads independent
Pinterest launches a new ‘Lite’ app for emerging markets androidpolice
Microsoft’s Your Phone app can now route calls from your Android phone to your PC blog.windows
European risk report flags 5G security challenges techcrunch
Toyota, GM, Nvidia, Bosch, Arm and others form new autonomous driving tech consortium theiet
China attacks Apple for allowing Hong Kong crowdsourced police activity app nyt
AMD’s Radeon RX 5500 is its new entry-level competitor to Nvidia’s GTX 1650 pcworld
Amazon, Walmart confront India’s slowing economy as holiday season growth stalls techcrunch
Essential reveals Project Gem smartphone with very long, unusual design engadget
Twitter admits it used two-factor phone numbers and emails for serving targeted ads help.twitter
Arm brings custom instructions to its embedded CPUs developer.arm
Sony’s next console is the PlayStation 5, arriving holidays 2020 theverge
Chinese firms Tencent, Vivo and CCTV suspend ties with the NBA over Hong Kong tweet edition.cnn
Eight Chinese tech firms placed on US Entity List for their role in human rights violations against Muslim minority groups techcrunch
Mars Curiosity Rover finds evidence of an ancient oasis on Mars earthsky
Instagram is killing its creepy stalking feature, the Following tab androidpolice
Ex-Tinder CEO files lawsuit saying sexual assault allegations against him are defamation theverge
Fire TV might not get Disney+ as Amazon and Disney clash over ads variety
Amazon introduces a Kindle for kids indiatoday
Apple’s MacOS Catalina is now available 9to5mac
Spotify gains Siri support on iOS 13, arrives on Apple TV forbes
Disney is reportedly banning Netflix ads across its entertainment TV networks theverge
Red Dead Redemption 2 is coming to PC in November rockpapershotgun
NASA shares 3D Moon data for CG artists and creators space
PayPal is the first company to drop out of the Facebook-led Libra Association economictimes
Iranian hackers targeted US 2020 campaign, says Microsoft bbc
Apple CEO Tim Cook slams Facebook’s Libra cryptocurrency as a power grab forbes
Google-backed Dunzo raises $45M to expand its hyperlocal delivery startup in India fortuneindia
NASA’s first all-electric experimental X-plane is ready for testing nasa.gov
Facebook is being leaned on by US, UK, Australia to ditch its end-to-end encryption expansion plan macrumorsInstagram launches Threads, a Close Friends chat app with auto-status wired
India’s Fyle bags $4.5M to expand its expense management platform in the US, other international markets techcrunch
Uber launches a shift-work finder app, Uber Works, starting in Chicago tnw
Redesigned Google Shopping goes live, with price tracking, Google Lens for outfits and more pcmag
Zuckerberg Plans to Sue if Elizabeth Warren Tries to Break Up Facebook gizmodo
Samsung pulls the plug on Chinese smartphone production techcrunch
Microsoft showcases an Android Surface 'phone' and dual-screen Windows Variant cnet
Microsoft’s latest Surface Laptop arrives in 13- and 15-inch models theverge
India’s NoBroker raises $50M to help people buy and rent without real estate brokers business-standard
Cybersecurity giant Comodo can’t even keep its own website secure forums.comodo
NASA awards $43.2M to Blue Origin, SpaceX and others for tech to take us to the Moon and Mars techcrunch
NASA launches a new planet-hunting telescope using a giant balloon phys.org
UPS gets FAA approval to operate an entire drone delivery airline nyt
Streamlit launches open-source machine learning application development framework techcrunch
WhatsApp tests self-destructing messages theverge
Europe’s top court says active consent is needed for tracking cookies techcrunch
SpaceX details Starship and Super Heavy in new website techcrunch
Hyundai is getting into the flying car business newatlas
Microsoft makes Windows Virtual Desktop generally available globally zdnet
Google's Project Jacquard is available on new Levi's jackets youtube
PayPal to enter China through GoPay acquisition venturebeat

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The Indian Regional Navigation Satellite System (IRNSS) recently become fully-operational and has been provided with the operational name of NavIC (Navigation with Indian Constellation). Developed by the Indian Space Research Organization (ISRO) with the objective of offering positioning, navigation and timing (PNT) to the users on a variety of platforms with a 24 hour x 7 day service availability under all weather conditions - in its service area with a position accuracy of < 20 m throughout India and within the region of coverage extending about 1500 km beyond. nih.gov
Having an autonomous regional satellite navigation system of one’s own offers strategic autonomy in military operations. The GPS that we have known and used all along is the satellite-based radio navigation system owned by the US government and operated by the American Air Force. During the Kargil War 20 years ago, the US refused to provide India critical information on the movement and precise location of Paki enemy troops. toi A need for an indigenous satellite navigation was felt earlier, but Kargil experience made the nation realize it's inevitability. Geopolitical needs teaches us that some countries can deny us the service in times of conflict, a way of arm twisting.
With an accuracy of <10 m on Restricted and Encrypted Service (RES) while an accuracy of <20 m on Standard Positioning Service (SPS), IRNSS will offer 2 level of services for very differing purposes. isro.gov.in \PDF]) Almost all Military and Reconnaissance applications will utilize RES while SPS will be available for civilian uses. unvienna \PDF])

The IRNSS space segment architecture consists of 3 satellites in GEO (Geostationary Orbit) at 32.5°, 83° and 131.5° East while 4 satellites in geosynchronous orbit placed at inclination of 29° with longitude crossing at 55° and 111.75° East forming an analemma. isac.gov.in Out of the 4 GSO satellites, the first sat IRNSS-1A failed in orbit due to atmoic clock malfunction. On August 31, 2017, sat IRNSS-1H was meant to replace defunct IRNSS-1A, failed to deploy due to malfunction in payload fairing mechanism. Though failures are not uncommon in space missions of even developed nations, India is not in a position where it can afford even relatively minor glitches neither financially nor in terms of reaching the higher goals it has set for itself. firstpost

IRNSS Analemma

Unlike GPS which is dependent only on L-band, NAVIC has dual frequency (S and L bands). When low frequency signal travels through atmosphere, its velocity changes due to atmospheric disturbances. US banks on atmospheric model to assess frequency error and it has to update this model from time to time to assess the exact error. In India's case, the actual delay is assessed by measuring the difference in delay of dual frequency (S and L bands). Therefore, NavIC is not dependent on any model to find the frequency error and is more accurate than GPS. toi
Studies have also shown marked improvement in GDoP (Geometric dilution of precision) values when IRNSS is used in conjunction with GPS constellation for position fix in primary coverage region of IRNSS. Hence IRNSS can be augmented with GPS to improve position accuracy in the given region. ias.ac.in

The IRNSS is being developed parallel to the GAGAN (GPS Aided GEO Augmented Satellite Navigation) program that in essence use GPS signals for navigation but after making them much more reliable for safety critical applications like in civil aviation., the ISRO SBAS (Satellite Based Augmentation System) version of an overlay system for GNSS signal corrections. earth.esa.int As of 2013, the statutory filing for frequency spectrum of Global Indian Navigational System (GINS) satellite orbits in international space, has been completed. hindubusinessline GINS is supposed to have a constellation of 24 satellites, positioned 24,000 km (14,913 mi) above Earth. wikipedia)

On Sep 24, 2019 Global mobile telephony standards body, 3GPP, gave its approval to NaVIC (Proposed jointly by Reliance Jio and ISRO). 3gpp.org \XLSX]) The approval has been given for the system’s use in Rel-16 LTE and Rel-17 5G NR specifications, paving the way for wider commercial adoption of NaVIC, allowing it to be integrated with 4G, 5G and internet of things (IoT). 3gpp.org \ZIP]) Thus, electronics companies can start designing and building integrated circuits and mass manufacture other products uniquely created to be compatible with NavIC. From what all scant information I was able to gather it seems Broadcom was first to introduce BCM47756 3gpp.org \ZIP]) chipset integrated with NavIC and Xiaomi Mi8 was the first phone to have the capabilities. insidegnss Will the introduction of indigenous satnav be another step closer towards being a global power? Comments open.
PS: Here's an interesting presentation prepared by Space Application Center that goes a little deep inside Navigation with Indian Constellation http://www.unoosa.org/documents/pdf/icg/2018/icg13/05.pdf

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And in the last, here's 19th-Century Vision of the Year 2000 by Jean-Marc Côté and other artists issued in France in 1899, 1900, 1901 and 1910. Originally in the form of paper cards enclosed in cigarette/cigar boxes and, later, as postcards, the images depicted the world as it was imagined to be like in the then distant year of 2000.
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Source: https://commons.wikimedia.org/wiki/Category:France_in_XXI_Century_(fiction))
submitted by chummekiraat to IndiaSpeaks [link] [comments]

Bitcoin Payment Methods - YouTube BitcoinInstant Limited Bitcoin & Cryptocurrency News 2/3/2020 Bitcoin Neden Yükselmiyor? Chicago'da Öğrendim Fake Bitcoin vs Fake Gold

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Bitcoin Payment Methods - YouTube

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