#KILT (Kilt Protocol) KILT is a self-sovereign, anonymous, verifiable credentials blockchain protocol based in Berlin, Germany. It is a part of the #Polkadot and #Kusama ecosystems. They are reserving 4.5 million KILT coins for community participation in…

Medium

KILT’s Crowdloan: How to Participate

UPDATE: 1 September — KILT’s crowdloan is closed.

#Dutch, #Binance, #AML, #Bank For any Dutch people out there, Dutch Central Bank wrote a warning article about Binance. "The Dutch Central Bank (DNB) announces that Binance offers crypto services in The Netherlands, without having a legal registration with…

Twitter

De Nederlandsche Bank

@SageyTrading Nee, als klant bent u niet illegaal bezig. Het is niet verboden om crypto’s te kopen en aan te houden bij een aanbieder zonder registratie. Alleen voor bedrijven geldt het verbod om crypto’s aan te bieden zonder registratie: dnb.nl/actueel/algeme…

#Dutch, #Binance, #AML, #Bank

For any Dutch people out there, Dutch Central Bank wrote a warning article about Binance.

"The Dutch Central Bank (DNB) announces that Binance offers crypto services in The Netherlands, without having a legal registration with DNB. Binance is acting in violation of the Anti-Money Laundering and Terrorist Finance Act (Wwft) and illegally offers: (1) services to exchange virtual assets and fiduciary currencies, and (2) offers custodial wallets.

As a result, customers may have an increased risk of becoming involved in money laundering or terrorist financing."

Article: https://www.dnb.nl/actueel/algemeen-nieuws/nieuwsberichten-2021/waarschuwing-van-dnb-tegen-binance/
Tweet: https://twitter.com/DNB_NL/status/1427921914845089795
Dutch Binance TG group: https://t.me/BinanceDutch

www.dnb.nl

Waarschuwing van DNB tegen Binance

18 augustus 2021 De Nederlandsche Bank (DNB) maakt bekend dat Binance* zonder wettelijk verplichte registratie bij DNB cryptodiensten in Nederland aanbiedt. Dat betekent dat Binance in strijd handelt met de Wet ter voorkoming van witwassen en financieren…

#KILT (Kilt Protocol)

KILT is a self-sovereign, anonymous, verifiable credentials blockchain protocol based in Berlin, Germany. It is a part of the #Polkadot and #Kusama ecosystems.

They are reserving 4.5 million KILT coins for community participation in the upcoming crowdloan (date TBA) to obtain their parachain slot.

Once this parachain slot is secured with enough #KSM, the parachain will launch and start up their staking- and token economy systems. New tokenomics are announced.

For now, we have to wait for Kusama to announce the new auction dates, guidelines and other details.

Note: there will only ever be one KILT coin, regardless of Polkadot or Kusama (same balances).

Some interesting articles to read up on for KILT usage:
- Blockchain ID register (Energy Web, Parity, Kilt)- GAIA-X (Federated Secure Data Infrastructure. competitor to US & China Cloud dominance)- DENA (German Federal Energy Agency)Interesting facts:
- CFO Web3 Foundation/Polkadot (Kasper Mai Jørgensen)
- Ex-CMO Polkadot (Christine Mohan)
- Parity Core Developer (Shawn Tabrizi)

KILT will be used for Digital IDs within Germany's decentralised energy assets (DENA) and utilising Kilt Nodes.

Socials
WebsiteTwitterMediumTelegramTelegram (Ann)Chain ExplorerGithubCrowdloan Tutorial

Medium

KILT Plans for Crowdloan; Coins Reserved to Thank Community

KILT is busy preparing for the next round of Kusama parachain auctions, and aims to secure one of the first slots using the Kusama…

#AML, #Crypto, #Regulation

I've been meaning to write a large post on upcoming regulatory changes, events and so on. Sad to say, it's too large for me to process and write about fully. I do think these things are extremely important for the health of one's (crypto) portfolio. So here are a few links that you should (consistently) keep up to date with if at all applicable to you. I am not a lawyer, financial advisor, and so on. Just linking a few articles that might be relevant one day.

You're seeing Uniswap's front-end blacklisting certain tokens, which are very likely to be seen as securities (I am not a lawyer, DYOR), such as Synthetix, Mirror, Opyn, (gold) Tether, and so on. We're seeing people getting 'thrown' out of their Coinbase accounts, FTX accounts and Binance accounts, forced to withdraw, if they do not comply to AML/KYC, etc. These signs are there, and they are real.

Participating 'Chain Analysis' companies working for/with governments, financial institutions, exchanges, NFT market places, and so on: Chainalysis, CipherTrace, Coinfirm, Elliptic, Merkle Science, Scorechain and TRM Labs.

European Union (EU), European Commission (EC)Anti-money laundering and countering the financing of terrorism legislative package (link)
AMLA Factsheet (link, PDF)
Centralised Bankaccount Registries (link, PDF)
AML/CTF Q&A (link)

Links Financial Action Task Force (FATF)Review of Revised FATF Standards on VAs and VASPs (link)

This includes implementing and enforcing the Travel Rule, and full monitoring.

Travel Rule"The new Travel Rule guidance recommends Virtual Asset Service Providers (VASPs), including exchanges, banks, OTC desks, hosted wallets and other financial institutions, to share certain identifying information about the recipient and receiver for cryptocurrency transactions over USD/EUR 1000 globally." - Source-

All related jurisdictions will implement the revised FATF Standards, by November 2021, including virtual assets (crypto, NFT).

For anyone that think this is FUD, it is!

DeFi and Crypto as a whole introduces a lot of Fear, Uncertainty and Doubt for governments and states. Crypto is disrupting the world of finance, and that is an incredibly bold thing to do. Technology goes incredibly fast. One could perhaps say, too fast.

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That said - there's only one 'financial advice' I will ever give, and that's if you at all managed to attain some bull market money within crypto, and you never realized/cashed any of the gains - take care of your family and yourself.

European Commission - European Commission

Anti-money laundering and countering the financing of terrorism

Beating financial crime: Commission overhauls anti-money laundering and countering the financing of terrorism rules

#Bitcoin

A day with streams and content about #BTC and its fundamentals, future and 'FUD' where over 40 speakers discuss a variety of topics. It is starting at 9 AM PDT (4 PM UTC, 6 PM Amsterdam).

This free event is open to anyone who wants to learn more about Bitcoin and is a Crypto Council for Innovation (CCI) initiative co-hosted by ARK Invest, Square, Inc., and Paradigm.

Some of the speakers- Elon Musk (Tesla, SpaceX)
- Cathie Wood (ARK Invest)
- Jack Dorsey (Square)
- Adam Back (Blockstream)
- Arjun Balaji (Paradigm)
- Beth Kurteson (Gemini)
- Hester Peirce (SEC)
- Mike Mosier (FinCEN)
- Philip Gradwell (Chainalysis)

Tracks- Track 1 (Energy, Criminal Activity, Scalability, Centralisation, DIsplacement) 9 AM PDT
- Track 2 (Economic Empowerment - Jack Dorsey, Elon Musk, Cathie Wood, Steve Lee) 11 AM PDT
- Track 3 (Developer Ecosystem) 12 PM PDT
- Track 4 (Network security, Consensus, PoW, Attack vectors) 2:25 PM PDT
- Track 5 (Regulation, SEC, AML, Outlook) 4:10 PM PDT
- Track 6 (Bitcoin ethos, custody, ESG, IP) 5:55 PM PDT

Links- About- FAQ- Speakers- TracksHighly recommended to watch and learn about a variety of topics. Enjoy!

ARK Invest

The B Word

The ₿ Word is a Bitcoin focused initiative that aims to explain how institutions can embrace Bitcoin and how we all can support the network.

#US, #Stablecoins Make sure to stay up to date with the latest US Treasury press releases that are becoming more and more of a topic within crypto. The Treasury Secretary (Yellen) announced there will be an intra-agency meetup to talk about stablecoins on…

U.S. Department of the Treasury

Readout of the Meeting of the President’s Working Group on Financial Markets to Discuss Stablecoins

WASHINGTON — Today, Secretary of the Treasury Janet L. Yellen convened the President’s Working Group on Financial Markets (PWG), joined by the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation, to discuss stablecoins.…

#US, #Stablecoins

Make sure to stay up to date with the latest US Treasury press releases that are becoming more and more of a topic within crypto.

The Treasury Secretary (Yellen) announced there will be an intra-agency meetup to talk about stablecoins on July 19th, Monday.

Main topic buildup- Innovation
- Compliance & oversight
- AML & CFT
- Security/commodity/derivative laws
- Safeguards
- User protection
- International collaboration

LinksArticleFull write-up (pdf)Also important, Senator Warren recently wrote a letter to the Chairman of the SEC - Gensler, requesting information on the SEC's role in regulating cryptocurrencies (including stablecoins). She gave a deadline, July 28th.

U.S. Department of the Treasury

Secretary of the Treasury Janet L. Yellen to Convene a Meeting of the President’s Working Group on Financial Markets to Discuss…

WASHINGTON — Today, Secretary of the Treasury Janet L. Yellen announced plans to convene the President’s Working Group on Financial Markets (PWG), in addition to the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation,…

#PLS (#PulseChain) Update

Richard Heart (creator of #HEX) is making a new chain called PulseChain. It might be worth a 0-return gamble if you like extreme risk projects that you might get rekt on. It's likely we'll lose all our money, and nobody gets angry private messages as a result. DYOR and this is non-financial France advice.

What is PulseChain?It's a new blockchain similar to #Ethereum but with extra improvements, namely: faster, lower fees, DPoS, high use/activity. Its token is called PLS. There will be validators, no miners. All ETH addresses get duplicated onto the PulseChain at a 1:1 ratio. If you don't move these 'airdrop freemium' tokens within 30 days after, you'll lose them.

SocialsWebsiteTwitterTelegramRH TweetRH Video/AMAAddress (use higher gas limit than normal, 100,000)0x9Cd83BE15a79646A3D22B81fc8dDf7B7240a62cB

Twitter

PulseChain.com Ethereum fork including ERC20s

The PulseChain.com sacrifice phase has begun. The first 5 days have the same rate, The next 14 days are 5% higher per day. Beware the many fake & scam websites that will try to impersonate the sacrifice page (Pulse.info) or PulseChain.com

#Market Update

We're seeing a full retrace on the bounce of many alts this week except for a few outliers such as $BNB, $FTT, and $SOL. $DOT and $KSM performed strongly with a temporary impulse bounce, but they too retraced quite a bit. Sometimes no trading means no chop capital destruction. Know your limits. Elon Musk candles at the 'top' are traded by algos needing some narrative, not much else. Scalping is great in this market, with the occasional low bid for spot and swing trades. I normally don't pay attention to 'market cap' on the entire crypto market, but it warrants a little bit of attention.

We've lost a lot of value the past weeks, whether that is from highly inflated projects or from actual money leaving is another debate altogether. The reason why I often don't look at market cap, is because many projects are a part of this index that have a lot of tokens owned by teams that will never even reach the market solely for the purpose of keeping that high market cap (relevance). So while they are theoretically part of the circulating supply, many of these tokens do not actually hit the market to cause any direct price-action, while the price itself does go up and down by real trades. It gives us very skewed data. With the data we have, however, we can see the market is tired. An exhausted bull market with such a hefty correcting phase needs time to recover strength. There will always be new opportunities, new entries - protect your capital. Patience.

As for bids, #BTC and #ETH bids remain unchanged, but they might get heavier weights along the way depending on price-action and overall market conditions. I remain bullish on a macro level, and I fully expect a major change and more clarity in the market around July. So far ETH is the cleanest to trade. I'd like to see ETH regain 2,900, or at the least strongly bounce (with momentum) off of the 2,250 level by July to keep a bullish structure for Q3. If not, it's likely we're entering an extended recovery phase that will take a while longer.

Enjoy the weekend!

https://www.tradingview.com/x/xpnqZcTW/