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Crypto News

The US Chamber of Digital Commerce Released A Technical Report On Crypto Tokens And ICOs Legal Management

The US Chamber of Digital Commerce, through the Token Alliance, made available a technical report in which the authors release various guidelines for the crypto tokens market to grow responsibly. The document intends to encourage further guidance for stakeholders such as users, investors and the various regulators that look closely at crypto assets and Initial Coin Offerings (ICOs).

The 108-page document, entitled “Understanding Digital Tokens: Market Review and Guidelines for Policymakers and Professionals,” contains recommendations for groups or individuals promoting crypto tokens. The first suggestion they highlight is that sponsors should be aware that confusion can occur if they use vague terminology. So they invite the promoters to avoid language related to financial values or marketing that might confuse readers about the nature of the crypto tokens.

As a second point, it is explained that the tokens sponsors must have lawyers who are experts in the US federal securities law. This is because these are instruments that can be used by regulators seeking to prevent securities fraud, such as the United States Commodity Futures Trading Commission (CFTC) or the Securities and Exchange Commission (SEC).

The US Chamber of Digital Commerce offered a guide for legal management of crypto tokens and ICOs

In another section, the steps to be followed, from start to finish, in a token distribution are mentioned. The following are discussed:

  • to carry out the concept and development of the technology
  • to write the white paper and other materials accurately
  • to carry out regulatory and corporate reviews
  • to carry out a public distribution

The aspects to be included in the white paper should consist of explaining the technology in detail, explaining the project, exemplifying its use, describing the token, characteristics, risk disclosure, promotion, and marketing.

Industry and government must work together to create a regulatory landscape that allows crypto tokens market participants and ICOs to precisely determine when a token is a product and when it is a value. Legal predictability promotes market efficiency by eliminating unnecessary costs and obstacles, facilitating the development of new projects that will benefit consumers. Legal clarity will also help the government to remove bad actors who have taken advantage of the lack of policy guidance.

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News Tech

Leaks Reveal the Date of the new Samsung Galaxy Note 9 Release

Samsung is planning on canceling the production on Samsung Note further on.  Note’s 9 won’t spike up the sales for the Korean company this year. But if you still want to buy the Note 9 you can do it starting August 24.  A poster has been leaked by KT Telecom in Samsung’s home country. KT Telecom accidentally published a promotional poster announcing the date in which Galaxy Note 9 will go on sale. KT Telecom is the largest carrier in South Korea covering more than 50% of the market.

Also, this news doesn’t come free of implication: lunch dates from US and European countries are usually closed to the date in which Samsung launches the new Galaxy Note in South Korea.

Samsung is pushing to launch Galaxy Note earlier this year, since they’ve already confirmed the launch event which will take place August 9th.  A couple of months ago in the second quarter earnings Samsung said there will be “an early introduction of the Galaxy Note”, but refused to give an exact date.

If we look at the bright side, customers can get their hands on the new Galaxy Note 9 faster than expected. Also, Samsung is preparing the ground for Galaxy S10, which will be released as the 10th anniversary model.

These are not the only plans Samsung has prepared for this year, there are other plans much expensive and probably much more exciting.

Galaxy Note 9 cannot deliver the sales figures Samsung needs to cover the costs for Galaxy Note – lack of improvements regarding design, cancellation of key features and of course the high price. Samsung is faithful to its long-time philosophy “bigger is better” offering for the new model multiple sizeable upgrades and of course it comes with the promise that the battery is going to be a game changer.

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Crypto News

Yesterday, Bitcoin Cash (BCH) Community Celebrated 1 Year Of Coin’s Existence

Yesterday, on August 1st, we marked one year since the launch of the User-Activated Soft Fork (UASF) that made it possible to activate Segregated Witness (SegWit), a solution to the problems of scalability and information management in the Bitcoin (BTC) blockchain. During that time, Bitcoin Cash (BCH) emerged.

As a result of this community decision, Bitcoin (BTC) main network was the scene of a fork from which the Bitcoin Cash (BCH) broke off, a token whose promoters wanted to position as the “real” Bitcoin. The disagreement over the size of the blocks generated was the primary trigger for this proposal.

It has been described as Independence Day, as the users of the leading cryptocurrency in the market imposed their criteria to the attempt to stop this improvement by the promoters of the increase in the size of the blocks.

From the beginning, the developers of the protocol advocated the application of SegWit via UASF, while the promoters of Bitcoin Cash (BCH) and, among them Jihan Wu, CEO of the mining equipment manufacturing company, Bitmain, bet on the application of a hard-fork where the capacity of the blocks would be considerably increased.

Yesterday we marked one year since the User-Activated Soft Fork (UASF) that gave birth to SegWit and Bitcoin Cash (BCH)

Pieter Wuille presented this scalability solution during the Scaling Bitcoin conference in Hong Kong in 2016. The update was received with reluctance, but when the implementation and signaling of SegWit became more evident, the proposal was accepted.

The great debate over the size of the blocks as a potential solution to scalability caused the community to split up. The leading promoters of the hard-fork signed an agreement in New York, with which they signed the need for the modification to take place.

Additionally to Bitmain and Roger Ver, other actors such as Huobi, BTCCPool, Bitmain, F2Pool, BTCTop, ViaBTC, BiXin, BW, 1Hash, Canoe, BATPool, and Bitkan had signed this document, despite the fact that the group opposing the proposal was much larger.

One of the main turning points is that this modification followed a mandatory scheme to change the node’s software, overriding the blocks generated before its activation. However, the Bitcoin (BTC) community decided to give in to SegWit and its User-Activated Soft Fork (UASF) scheme.

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News Tech

iOS 11.4.1 Fixed Exploit to be Presented this September

We know that everyone in the jailbreaking community is waiting impatiently for new updates about the iOS 11.4.1 jailbreak. We have some news for you and it’s about exploiting CVE-2018-4280, which is fixed in iOS 11.4.1.

What’s new

Just recently, on July 30th, a new message was posted on Twitter by a graduate from Stanford, Brandon Azad, who mentioned that he will be talking about “Crashing to root: How to escape the iOS sandbox using abort()” in September, at the beVX Conference. Azad studied Computer Science with the main emphasis on Systems and Security. Based on the announcement that he made, one month from now he will be giving us some details about how to exploit the CVE-2018-4280, fixed in iOS 11.4.1, by crashing it so that privileges will be elevated, codesigning will be defeated, and also in order to “spawn a shell on iOS 11.2.6.”

When should we expect the conference?

The beVX Conference, an event that is held annually, will take place between 20th and 21st of September this year, in Hong Kong, at the Marco Polo Hotel. Some of the main subjects that will be discussed at the event are complex exploitation techniques, reverse engineering, as well as vulnerability discovery. As we can easily see, the focus of the conference is mainly on technical offensive topics.

What else will happen at the event taking place in the fall?

Other than Azad, there will be other guests present at the conference that will give talks as well, such as Julian Rauchberger and Tobias Dam, Vitaly Nikolenko, Niklas Baumstark, Luat Nguyen and Sheng-Hao. However, these are only few of those who will be attending the event in September. There’s still a lot of time left until then, which means that we should soon have more names to add to the list of presenters. This will give us more topics to look forward to.

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Crypto News

Latin American Countries Increased Their Bitcoin (BTC) Trading Volumes In July

In July, Argentina recorded the highest volume of Bitcoin (BTC) transactions in its market at LocalBitcoins, reaching the equivalent of $220,000 in Argentine pesos for the week of July 7th. Also, the Colombian and Mexican Bitcoin markets showed increases in the same month, maintaining them until the end of July.

In the specific case of Argentina, according to data from Coin Dance, LocalBitcoins reported an abrupt increase in person-to-person transactions in the first week of July, trading a total of 31 BTC under the volume of 6,047,934 Argentine pesos.

Also, throughout July the Argentine market of LocalBitcoins had a slight decrease in the volume of transactions but remained constant between 4 and 5 million Argentine pesos. That is to say, between $100,000 and $180,000, numbers that precede the market increase that the country experienced last June.

On the other hand, Colombia kept its volume rising steadily throughout July, which has been increasing since May 2018, reaching 4,400,000 Colombian pesos in purchase and sale transactions, about 2,000 dollars, for the exchange of a total of 199 BTC.

Mexico also experienced increases in its domestic market, but the volume fluctuated from week to week, ending with the best values of the month with a total of 6,600,000 Mexican pesos for the exchange of 42 BTC. That is a total of $354,627 for the week of July 28th.

Latin American countries increased their Bitcoin (BTC) trading volumes

Latin American countries have generally and consistently maintained the growth of their Bitcoin (BTC) trading volumes for this time of year. For example, in the case of Venezuela, the market volume skyrocketed due to the country’s economic situation, reaching 14 trillion bolivars for a total of 604 BTC for the week of July 21st.

Brazil, which recorded a decline in trade in June, recovered in July with a peak of BTC transactions that reached the volume of 3,201,000 rials, or 128 BTC. That is approximately over $800,000.

In the specific case of Peru, the country had a decrease Bitcoin (BTC) trading volumes in the first week of July, but rebounded in the following weeks, reaching the maximum of transactions for the week of July 21st with more than 3 million soles, about $900,000.

Today, the LocalBitcoins platform has become a tool to calculate the growth of the Bitcoin (BTC) market in Latin America, proving on more than one occasion that the Latin American region is more and more related with the cryptocurrency market.

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