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In Arte Arcana Death 105 awesome artists share their visions of death, mortality, memento mori, Hades, skull & bones, graveyards, and related subjects.
Featured artists:
Adam Chiodo, Agustin S. Lobos, Alan Lathwell, Alcides Burn, Alejandro Blasi, Alejandro Colucci, Alex Eckman-Lawn, Andrej Bartulović, Andrzej Kuziola, Angelo Roccagli, Ardha Lepa, Artur Szolc, Augusto Peixoto, Bahrull Marta, Benjamin A Vierling, Björn Gooßes, Blacksshark, Cadence Bennett, Caleb Dickenson, Camille Alquier, Camille Murgue, Candice Angélini, Christina Dressel, Christine Moren, Christophe Prades, Cláudio "Bharaduur" Moreira, Cyril Lawniczak, Daniel Bollans, Daniel Francisco, Daniel Valencia, Danielle Masek, David Berbel, Dávid Busai, David Ocampo, Declan Tiger, Devil-M, Devinez, Dis-Art Design Hans, Douglas Alvarenga, Drowned Orange, Galen Baudhuin, Gavin Sodo, Geert Kroes, George Martzoukos, George Patsouras, GodLikeIkons, Alexey Sivitsky, Heather Rose, Heidi Tailleferr, Ikosidio, Theopisti Tiftikoglou, Isabel Maria Gonzalez, Jamie Christ, Jan Maly, Jesus Lhysta, John Paul Whetzel, Josh Beamish, Kacper Gilka, Ken Coleman, Ken Jeremiassen, Ken Miller, Kon Markogiannis, Kornel Kwieciński, Le Nevralgie Costanti, Leon Bakalarz, Ludovic Robin, Márcio Blasphemator, Michael Peter Stokes, Michele Sanguin, Mike Redman, Mothmeister, Nestor Avalos, Nethern Temple Designs, Oswaldo Castillo, Parjo Surodilogo, Paul McCarroll, Paul Thureau, Paula Golemo, Rheblys, Roberto Toderico, Ruslan Stanchula, Ryan Clark, Sam Hayles, Scott Shellhamer, Sebastian Jerke, Shuel Duo, Simon Bossert, Sludgework Megan Umpleby, Steve Knerem, The Iron Parasite, Thomas Ewerhard, Timbul Cahyono, Timo Wuerz, Truly Lost, Violence Artwork Nanda Dika, Vladimir Smerdulak Chebakov, Vladislav Cadaversky, Waclaw Traier, Yannick Bouchard, Yuriy Skorohod.
A4 Portrait 210mm x 297mm (11.7inch x 8.3inch) Hardback Silk laminated dust jacket Over 232 pages 150gsm silk paper Limited to 1000
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Listen or download Alexey Romeo - White Knight 168 for free now!
Artist: Alexey Romeo Show: Alexey Romeo – White Knight 168 Quality: 320 Kbps 48000 Khz Genre: Deep House, Tech House Source: RSS
Discover more Alexey Romeo live sets & radioshows here | Listen or download more White Knight episodes HERE
Alexey Romeo – White Knight 168 Tracklist
01. Morelli — Colibri (Original Mix) [Heartbeat Records] 02. Alex Mills, Solardo — Keep Pushing (Extended Mix) 03. Moreno Pezzolato — Faithless (Original Mix) 04. Lee Cabrera, Marco Lys – Reap (Extended Mix) 05. Alexey Romeo – Lo que siento (Original Mix) 06. Manu Gonzalez – Sexy Thing (Black Circle & Matthias Tanzmann Remix) 07. Dennis Ferrer – Transitions 08. Costantino Canzoneri – Sun Goes Down 09. Three ‘N One — Reflect (Three ‘N One Extended Re-Edit) 10. BRAGKEN — Sun Is Down feat. CATMOONK (Extended Mix) 11. UNDERHER Johanson – Dark Fantasy
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Latest story from https://movietvtechgeeks.com/la-la-land-stranger-things-atlanta-sweep-2017-pga-awards/
'La La Land,' 'Stranger Things' and 'Atlanta' sweep 2017 PGA Awards
“La La Land” is easily sweeping up all the awards this year, but Netflix’s “Stranger Things” jumped in on the action along with “Atlanta” for the 28th annual Producers Guild Awards (PGA).
The musical comedy-drama went up against “Arrival,” “Deadpool,” “Fences,” “Hacksaw Ridge,” “Hell or High Water,” “Hidden Figures,” “Lion,” “Manchester by the Sea,” and “Moonlight,” but was able to come out the winner which was presented by Dustin Hoffman.
The guild recognized the candy-colored musical with its Darryl F. Zanuck Award for theatrical motion picture production Saturday, a prize that often precedes the best picture Academy Award. (Last year was an exception, when “The Big Short” won the guild award, while “Spotlight” got the Oscar.) The nominees for the guild’s top film prize echo Oscars’ best picture nominees this year, with the exception of “Deadpool,” which made the cut with producers but not the film academy.
But the guild’s celebration at the Beverly Hilton Hotel of the year’s outstanding film and television productions had a decidedly political tone, as President Donald Trump’s ban on refugees and visitors from several Muslim countries triggered protests in New York, Los Angeles, Chicago, Dallas, Seattle and other cities.
“Our America is big, it is free, and it is open to dreamers of all races, all countries, all religions,” singer John Legend said as he introduced “La La Land” at Saturday’s untelevised ceremony. “Our vision of America is directly antithetical to that of President Trump. I want to specifically, tonight, reject his vision and affirm America has to be better than that.”
Ezra Edelman, producer and director of “O.J.: Made in America,” which claimed the guild’s documentary prize, echoed Legend’s sentiments.
“Please keep telling stories that are about our humanity,” he said.
Other winners Saturday included “Zootopia” for animated feature, “Atlanta” for episodic television comedy and “Stranger Things” for episodic TV drama.
Presenters included Justin Timberlake, Octavia Spencer, Taraji P. Henson, Nicole Kidman, Jeff Bridges, Kerry Washington, Robert De Niro and Martin Scorsese. Veteran producers James L. Brooks, Tom Rothman and Irwin Winkler received special awards.
Dustin Hoffman presented the night’s top prize. As producer Marc Platt accepted for “La La Land,” he said, “The power of cinema cannot be denied and has no borders … We must believe love can change our lives, much as it can change the world.”
Full List of 2017 Producers Guild Awards Winners:
The Darryl F. Zanuck Award for Outstanding Producer of Theatrical Motion Pictures: • La La Land (WINNER) Producers: Fred Berger, Jordan Horowitz, Marc Platt • Arrival Producers: Dan Levine, Shawn Levy, Aaron Ryder, David Linde • Deadpool Producers: Simon Kinberg, Ryan Reynolds, Lauren Shuler Donner • Fences Producers: Scott Rudin, Denzel Washington, Todd Black • Hacksaw Ridge Producers: Bill Mechanic, David Permut • Hell or High Water Producers: Carla Hacken, Julie Yorn • Hidden Figures Producers: Donna Gigliotti, Peter Chernin & Jenno Topping, Pharrell Williams, Theodore Melfi • Lion Producers: Emile Sherman & Iain Canning, Angie Fielder • Manchester By the Sea Producers: Matt Damon, Kimberly Steward, Chris Moore, Lauren Beck, Kevin Walsh • Moonlight Producers: Adele Romanski, Dede Gardner & Jeremy Kleiner
The Award for Outstanding Producer of Animated Theatrical Motion Pictures: • Zootopia (WINNER) Producer: Clark Spencer • Finding Dory Producer: Lindsey Collins • Kubo and the Two Strings Producers: Arianne Sutner, Travis Knight • Moana Producer: Osnat Shurer • The Secret Life of Pets Producers: Chris Meledandri, Janet Healy
The Award for Outstanding Producer of Documentary Theatrical Motion Pictures: • O.J.: Made in America (WINNER) Producers: Ezra Edelman, Caroline Waterlow • Dancer Producer: Gabrielle Tana • The Eagle Huntress Producers: Stacey Reiss, Otto Bell • Life, Animated Producers: Julie Goldman, Roger Ross Williams • Tower Producers: Keith Maitland, Susan Thomson, Megan Gilbride
The David L. Wolper Award for Outstanding Producer of Long-Form Television: • The People v. O.J. Simpson: American Crime Story (Season 1) (WINNER) Producers: Scott Alexander, Larry Karaszewski, Ryan Murphy, Brad Falchuk, Nina Jacobson, Brad Simpson, D.V. DeVincentis, Anthony Hemingway, Alexis Martin Woodall, John Travolta, Chip Vucelich • Black Mirror (Season 3) Producers: Annabel Jones, Charlie Brooker • The Night Manager (Season 1) Producers: Simon Cornwell, Stephen Garrett, Stephen Cornwell, Hugh Laurie, Tom Hiddleston, Susanne Bier, David Farr, John le Carré, William D. Johnson, Alexei Boltho, Rob Bullock • The Night Of Producers: Steven Zaillian, Richard Price, Jane Tranter, Garrett Basch, Scott Ferguson • Sherlock: The Abominable Bride Producers: Mark Gatiss, Steven Moffat, Sue Vertue, Beryl Vertue
The Award for Outstanding Sports Program: • VICE World of Sports (Season 1) (WINNER — TIE) • Real Sports with Bryant Gumbel (Season 22) (WINNER — TIE) • E:60 (2016) • The Fight Game with Jim Lampley: A Tribute to Muhammad Ali • Hard Knocks: Training Camp with the Los Angeles Rams (Season 11)
The Award for Outstanding Digital Series: • Comedians in Cars Getting Coffee (Season 7, Season 8) (WINNER) • 30 for 30 Shorts (Season 5) • Epic Rap Battles of History (Season 5) • Marvel’s Agents of S.H.I.E.L.D.: ACADEMY (Season 1) • National Endowment for the Arts: United States of Arts
The Norman Felton Award for Outstanding Producer of Episodic Television, Drama: • Stranger Things (Season 1) (WINNER) Producers: Matt Duffer, Ross Duffer, Shawn Levy, Dan Cohen, Iain Paterson • Better Call Saul (Season 2) Producers: Vince Gilligan, Peter Gould, Melissa Bernstein, Mark Johnson, Thomas Schnauz, Gennifer Hutchison, Nina Jack, Robin Sweet, Diane Mercer, Bob Odenkirk • Game of Thrones (Season 6) Producers: David Benioff, D.B. Weiss, Bernadette Caulfield, Frank Doelger, Carolyn Strauss, Bryan Cogman, Lisa McAtackney, Chris Newman, Greg Spence • House of Cards (Season 4) Producers: Beau Willimon, Dana Brunetti, Michael Dobbs, Josh Donen, David Fincher, Eric Roth, Kevin Spacey, Robin Wright, John Mankiewicz, Robert Zotnowski, Jay Carson, Frank Pugliese, Boris Malden, Hameed Shaukat • Westworld (Season 1) Producers: J.J. Abrams, Jonathan Nolan, Lisa Joy, Bryan Burk, Athena Wickham, Kathy Lingg, Richard J. Lewis, Roberto Patino, Katherine Lingenfelter, Cherylanne Martin
The Danny Thomas Award for Outstanding Producer of Episodic Television, Comedy: • Atlanta (Season 1) (WINNER) Producers: Donald Glover, Dianne McGunigle, Paul Simms, Hiro Murai, Alex Orr • black-ish (Season 2) Producers: Kenya Barris, Jonathan Groff, Anthony Anderson, Laurence Fishburne, Helen Sugland, E. Brian Dobbins, Vijal Patel, Gail Lerner, Corey Nickerson, Courtney Lilly, Lindsey Shockley, Peter Saji, Jenifer Rice-Genzuk Henry, Hale Rothstein, Michael Petok, Yvette Lee Bowser • Modern Family (Season 7) Producers: Steven Levitan, Christopher Lloyd, Paul Corrigan, Abraham Higginbotham, Elaine Ko, Jeff Morton, Jeffrey Richman, Brad Walsh, Danny Zuker, Vali Chandrasekaran, Andy Gordon, Vanessa McCarthy, Jon Pollack, Chuck Tatham, Chris Smirnoff, Sally Young • Silicon Valley (Season 3) Producers: Mike Judge, Alec Berg, Jim Kleverweis, Clay Tarver, Dan O’Keefe, Michael Rotenberg, Tom Lassally, John Levenstein, Ron Weiner, Carrie Kemper, Adam Countee • Veep (Season 5) Producers: David Mandel, Frank Rich, Julia Louis-Dreyfus, Lew Morton, Morgan Sackett, Sean Gray, Peter Huyck, Alex Gregory, Jim Margolis, Georgia Pritchett, Will Smith, Chris Addison, Rachel Axler, David Hyman, Erik Kenward, Billy Kimball, Steve Koren
The Award for Outstanding Producer of Non-Fiction Television: • Making a Murderer (Season 1) (WINNER) Producers: Laura Ricciardi, Moira Demos • 30 for 30 (Season 7) Producers: Connor Schell, John Dahl, Libby Geist, Bill Simmons, Erin Leyden, Gentry Kirby, Andrew Billman, Marquis Daisy, Deirdre Fenton • 60 Minutes (Season 48, Season 49) Producers: Jeff Fager • Anthony Bourdain Parts Unknown (Season 5-8) Producers: Anthony Bourdain, Christopher Collins, Lydia Tenaglia, Sandra Zweig • Hamilton’s America Producers: Alex Horwitz, Nicole Pusateri, Lin-Manuel Miranda, Jeffrey Seller, Dave Sirulnick, Jon Kamen, Justin Wilkes
The Award for Outstanding Producer of Competition Television: • The Voice (Season 9-11) (WINNER) Producers: Audrey Morrissey, Jay Bienstock, Mark Burnett, John de Mol, Chad Hines, Lee Metzger, Kyra Thompson, Mike Yurchuk, Amanda Zucker, Carson Daly • The Amazing Race (Season 27, Season 28) Producers: Jerry Bruckheimer, Bertram van Munster, Jonathan Littman, Elise Doganieri, Mark Vertullo • American Ninja Warrior (Season 7, Season 8) Producers: Arthur Smith, Kent Weed, Anthony Storm, Brian Richardson, Kristen Stabile, David Markus, J.D. Pruess, D. Max Poris, Zayna Abi-Hashim, Royce Toni, John, Gunn, Matt Silverberg, Briana Vowels, Mason Funk, Jonathan Provost • Lip Sync Battle (Season 1, Season 2) Producers: Casey Patterson, Jay Peterson, John Krasinski, Stephen Merchant, Leah Gonzalez, Genna Gintzig, LL Cool J • Top Chef (Season 13) Producers: Daniel Cutforth, Jane Lipsitz, Doneen Arquines, Tom Colicchio, Casey Kriley, Padma Lakshmi, Tara Siener, Erica Ross, Patrick Schmedeman, Wade Sheeler, Ellie Carbajal
The Award for Outstanding Producer of Live Entertainment & Talk Television: • Last Week Tonight with John Oliver (Season 3) (WINNER) Producers: Tim Carvell, John Oliver, Liz Stanton • Full Frontal with Samantha Bee (Season 1) Producers: Samantha Bee, Jo Miller, Jason Jones, Tony Hernandez, Miles Kahn, Pat King, Alison Camillo, Kristen Everman • The Late Late Show with James Corden (Season 2) Producers: Ben Winston, Rob Crabbe, Mike Gibbons, Amy Ozols, Sheila Rogers, Michael Kaplan, Jeff Kopp, James Longman, Josie Cliff, James Corden • Real Time with Bill Maher (Season 14) Producers: Bill Maher, Scott Carter, Sheila Griffiths, Marc Gurvitz, Billy Martin, Dean E. Johnsen, Chris Kelly, Matt Wood • Saturday Night Live (Season 42) Producers: Lorne Michaels, Steve Higgins, Erik Kenward, Lindsay Shookus, Erin Doyle, Ken Aymong
The Award for Outstanding Children’s Program: • Sesame Street (Season 46) (WINNER) • Girl Meets World (Season 2, Season 3) • Octonauts (Season 4) • School of Rock (Season 1) • SpongeBob SquarePants (Season 9)
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Wimbledon day three order of play
Wimbledon 2019 enters the third day of play on Wednesday and the men's and women's singles competitions enter round two.
Novak Djokovic and Kyle Edmund line up on Center Court when they take on Denis Kudla and Fernando Verdasco respectively.
All eyes will be on Court Two though when 15-year-old American Coco Gauff, who knocked out Venus Williams in round one, takes on Magdalena Rybarikova.
Novak Djokovic and Kyle Edmund line up on Center Court during the third day of action
Order of play for Wednesday, July 3 2019
(Seeds in brackets)
Center Court
13:00: Monica Puig (Pur) v (3) Karolina Pliskova (Cze), (30) Kyle Edmund (Gbr) v Fernando Verdasco (Spa), (1 ) Novak Djokovic (Ser) v Denis Kudla (USA)
Court 1
13:00: Heather Watson (Gbr) v (20 ) Anett Kontaveit (Est), (10) Karen Khachanov (Russian) v Feliciano Lop ez (Spa), (14) Caroline Wozniacki (Den) v Veronika Kudermetova (Russian)
Court 2
11:00: ( 22) Stan Wawrinka (Swi) v Reilly Opelka (USA), (7) Simona Halep (Rom) v Mihaela Buzarnescu (Rom), (4) Kevin Anderson (Rsa) v Janko Tipsarevic (Ser), Cori Gauff (USA) v Magdalena Rybarikova (Svk)
Court 3
11:00: (8) Elina Svitolina (Ukr) v Margarita Gasparyan (Russian), Robin Haase (Ned) v (15) Milos Raonic (Can), (19) Felix Auger-Aliassime (Can) v Corentin Moutet (Fra), (17) Madison Keys (USA) v Polona Hercog (Slo)
Court 4
11:00: Shuai Peng (Chn) & Zhaoxuan Yang (Chn) v Anna-Lena Friedsam (Ger) & Laura Siegemund (Ger ), Desirae Krawczyk (USA) & Giuliana Olmos (Mex) v Alexa Guarachi (Chi) & Sabrina Santamaria (USA), Ricardas Berankis (Lit) & Marton Fucsovics (Hun) v (6) Nikola Me ktic (Cro) & Franko Skugor (Cro), Jonathan Erlich (Isr) & Artem Sitak (Nzl) v (9) Maximo Gonzalez (Arg) & Horacio Zeballos (Arg)
All eyes will be on Court Two though when 15-year-old American Coco Gauff plays again
Court 5
11:00: Freya Christie (Gbr) & Katie Swan (Gbr) v Greet Minnen (Bel) & Alison Van Uytvanck (Bel), Naiktha Bains (Gbr) & Naomi Broady (Gbr) v (2) Barbora Krejcikova (Cze) & Katerina Siniakova (Cze), (14) Oliver Marach (Aut) & Jurgen Melzer (Aut) v Cheng -Peng Hsieh (Tpe) & Christopher Rungkat (Ina), Luke Bambridge (Gbr) & Jonny O'Mara (Gb r) v (3) Raven Klaasen (Rsa) & Michael Venus (Nzl)
Court 6
11:00: Sorana Cirstea ( Rom) & Galina Voskoboeva (Kaz) v Sarah Gray (Gbr) & Eden Silva (Gbr), Alex De Minaur (Aus) & Matt Reid (Aus) v Federico Delbonis (Arg) & Andres Molteni (Arg), (12) Kirsten Flipkens (Bel) & Johanna Larsson (Swe) v Belinda Bencic (Swi) & Viktoria Kuzmova (Svk)
Court 7
11:00: (1) Timea Babos (Hun) & Kristina Mladenovic (Fra) v Jessica Pegula (USA) & Maria Sanchez (USA), (1) Lukasz Kubot (Pol) & Marcelo Melo (Bra) v Ben McLachlan (Jpn) & Jan-Lennard Struff (Ger), Kateryna Kozlova (Ukr) & Anastasia Rodionova (Aus) v Darija Jurak (Cro) & Katarina Srebotnik (Slo)
Court 8
11:00: (9) Hao-Ching Chan (Tpe) & Latisha Chan (Tpe) v Harriet Dart (Gbr) & Katy Dunne (Gbr), Jaume Munar (Spa) & Cameron Norrie (Gbr) v (15) Dominic Inglot (Gbr) & Austin Krajicek (USA), Filip Krajinovic (Ser) & Dusan Lajovic (Ser) v Matthew Ebden (Aus) & Vasek Pospisil (Can), Timea Bacsinszky (Swi) & Bernarda Pera (USA) v Aliaksandra Sasnovich (Blr) & Lesia Tsurenko (Ukr)
Court 9
11:00: Irina Bara (Rom) & Magda Linette (Pol) v (7) Nicole Melichar (USA) & Kveta Peschke (Cze), Ons Jabeur (Tun) & Fanny Stollar (Hun) v (4) Gabriela Dabrowski (Can) & Yi Fan Xu ( Chn), Radu Albot (Mol) & Malek Jaziri (Tun) v (12) Rajeev Ram (USA) & Joe Salisbury (Gbr), Sander Gille (Bel) & Joran Vliegen (Bel) v Guillermo Duran (Arg) & Juan Ignacio Londero (Arg)
Court 11
11:00: Anna Blinkova (Russian) & Yafan Wang (Chn) v Nao Hibino (Jpn ) & Miyu Kato (Jpn), Natela Dzalamidze (Russian) & Cornelia Lister (Swe) v (6) Elise Mertens (Bel) & Aryna Sabalenka (Blr), Jack Draper (Gb r) & Paul Jubb (Gbr) v (2) Juan Sebastian Cabal (Col) & Robert Farah (Col), (4) Mate Pavic (Cro) & Bruno Soares (Bra) v Sander Arends (Ned) & Matwe Middelkoop (Ned )
Court 12
11:00: Victoria Azarenka (Blr) v Ajla Tomljanovic (Aus), (11) Daniil Medvedev (Russian) ) v Alexei Popyrin (Aus), Andreas Seppi (Ita) v (26) Guido Pella (Arg), Danielle Collins (USA) v (12) Anastasija Sevastova (Lat)
Court 14
11:00: Marie Bouzkova (Cze) v (31) Maria Sakkari (Gre), Ivo Karlovic (Cro) v Thomas Fabbiano (Ita), Marcel Granollers (Spa) v Ugo Humbert (Fra), (8) Anna-Lena Groenefeld (Ger) & Demi Schuurs (Dutch) v Monique Adamczak (Aus) & Adriana Perez (Ven)
Court 15
11:00: (28) Benoit Paire (Fra) v Miomir Kecmanovic (Ser), Viktorija Golubic (Swi) v Yulia Putintseva (Kaz), Kenneth Sku pski (Gbr) & John-Patrick Smith (Aus) v Jay Clarke (Gbr) & James Ward (Gbr)
Court 16
11:00 : Pablo Cuevas (Uru) v Jiri Vesely (Cze), Steve Darcis (Bel) v (23) Roberto Bautista Agut (Spa), Yanina Wickmayer (Bel) v Shuai Zhang (Chn), (24) Petra Martic ( Cro) v Anastasia Potapova (Russian)
Court 17
11:00: Madison Brengle (USA) v Karolina Muchova (Cze), Leonardo Mayer (Arg) v Hubert Hurkacz (Pol), Lidziya Marozava (Blr) & Storm Sanders (Aus) v (10) Victoria Azarenka (Blr) & Ashleigh Barty (Aus), Marcelo Demoliner (Bra) & Sharan (Ind) Division v (13) Kevin Krawietz (Ger) & Andreas Mies (Ger)
Court 18
11:00: (28) Su- Wei Hsieh (Tpe) v Kirsten Flipkens (Bel), Jeremy Chardy (Fra) v (21) David Goffin (Bel), (27) Sofia Kenin (USA) v Dayana Yastremska (Ukr), Jeevan Nedunchezhi yan (Ind) & Purav Raja (Ind) v Lleyton Hewitt (Aus) & Jordan Thompson (Aus)
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Elon Musk Wants Advice on Twitter Crypto Scammers, the US SEC Wants Comments on BTC ETFs
Coming every Sunday, the Hodler’s Digest will help you to track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much more — a week on Cointelegraph in one link.
Top Stories This Week
Japanese Cryptocurrency Exchange Zaif Hacked Of Reported 5,966 Bitcoins
As a result of a security breach on September 14, hackers have managed to steal 4.5 billion yen from Japan’s Zaif cryptocurrency exchange, as well as 2.2 billion yen from the assets of the company, with total losses amounting to 6.7 billion yen or around $59.7 million. Tech Bureau Inc, which operated Zaif, stated this week that the exchange detected a server error on September 17, after which Zaif suspended deposits and withdrawals. On September 18, the exchange realized that the error was a hack, and reported the incident to Japan’s financial regulator, reporting losses of 5,966 bitcoins (BTC) in addition to some Bitcoin Cash (BCH) and MonaCoin (MONA).
SpaceX CEO Elon Musk Turns To Dogecoin Creator To Stop Crypto Scammers
Elon Musk, the CEO of SpaceX and Tesla Elon Musk asked Jackson Palmer, the creator of Dogecoin (DOGE), to help him combat “annoying” cryptocurrency scammers on Twitter this week. Musk, directing his tweet at Palmer, asked for help getting rid of scam spammers, to which Palmer replied by sending Musk a short script in direct messages to try to fix the problem.
US SEC Postpones VanEck Bitcoin Exchange Traded Fund, Asks For Further Comments
The U.S. Securities and Exchange Commission (SEC) has requested further comments regarding its decision on the listing and trading of VanEck and SolidX’s Bitcoin (BTC) exchange-traded fund (ETF), which is expected to list on the CBOE BZX Equities Exchange (BZX). In a notice, the SEC asks for additional comments from interested parties addressing the sufficiency of the BZX’s statement in support of the proposal. In particular, the SEC is seeking comments on eighteen key issues, among which are commenters’ views on BZX’s assertions that BTC “is arguably less susceptible to manipulation than other commodities that underlie exchange-traded products (ETPs).”
New York Attorney General Report: Crypto Exchanges Vulnerable To Manipulation
A new report published by the New York Attorney General’s office states that cryptocurrency exchanges are vulnerable to manipulation, conflicts of interest, and other consumer risks. The findings, part of the “Virtual Markets Integrity Initiative” that consisted in surveying 13 cryptocurrency exchanges, found that an absence of standard methods for auditing virtual assets results in the lack of a consistent and transparent approach to independently auditing digital currency traded on exchanges.
Researchers Explain How Gemini Dollar Transactions Can Be Changed Or Paused
The implementation of the recently launched Gemini dollar (GUSD) stablecoin can be completely changed by a Gemini custodian every 48 hours, according to a study authored by blockchain researcher Alex Lebed and crypto consultant Alexey Akhunov. In the study, the authors review the code of the GUSD’s smart contract in order to demonstrate that the implementation of the Gemini USD can become non-transferrable or frozen at any moment, which is noted in the Gemini dollar’s white paper.
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Most Memorable Quotations
“The data age is major opportunity for manufacturers to reform the industry. But blockchain and IoT will be meaningless tech unless they can promote the transformation of the manufacturing industry, and the evolution of the society towards a greener and more inclusive direction,” — Jack Ma, founder of Chinese e-commerce giant Alibaba
“Cryptocurrencies are perfect, but are used for bad purposes today, so [one has to be] careful. Blockchain and distributed ledger technologies are also perfect, they are big, big tools,” — Francisco Gonzalez Rodriguez, executive chairman of multinational Spanish banking group Banco Bilbao Vizcaya Argentaria (BBVA)
“As the government and regulators decide whether the current Wild West situation is allowed to continue, or whether they are going to introduce regulation, consumers remain unprotected,” — UK Treasury Committee on cryptocurrency regulation
Laws And Taxes
Ukrainian Parliament Seeks To Tax Cryptocurrency Assets With New Bill
Ukraine’s parliament has proposed a bill that would tax operations with crypto assets with a five percent tax on individuals and legal entities operating with virtual currency assets, such as cryptocurrencies and tokens. Starting Jan. 1, 2024 crypto-related profits by businesses would be taxed at 18 percent, which is a basic rate for corporate and personal income tax in Ukraine. According to the lawmakers, the introduction of this tax would make it possible to “draw 1.27 billion hryvnia ($43 million) to the budget annually from 2019-2024.”
US Lawmakers Send Open Letter To IRS Asking For Crypto Taxation Clarity
U.S. lawmakers have called on the Internal Revenue Service (IRS) to issue clarified and “comprehensive” crypto taxation guidance in an open letter this week. The representatives deem that the IRS has had “more than adequate time” to work through complexities after its preliminary rules were issued four years ago, arguing that while the IRS has proactively continued to remind taxpayers of the penalties for non-compliance with its guidance, its failure to introduce a more robust taxation framework “severely hinders taxpayers’ ability” to meet their obligations.
Financial Task Force Says International AML Standards For Crypto Coming Soon
The Financial Action Task Force (FATF) said it is getting closer to the establishment of a global set of anti-money laundering (AML) standards for cryptocurrencies. The agency’s president Marshall Billingslea reportedly said that he expects the coordination of a series of standards that will close “gaps” in global AML standards at an FATF plenary in October. At that time, the FATF will purportedly discuss which existing standards should be adapted to digital currencies, as well as revise the assessment methods of how countries implement those standards.
Adoption
Binance To Soon Begin Private Beta Testing Of Crypto-Fiat Singapore Exchange
Binance, the largest global crypto exchange, will soon start private beta testing a crypto-fiat exchange in Singapore, as Binance co-founder and CEO Changpeng Zhao (CZ) tweeted this week. According to CZ, the testing will be launched on September 18, and while no further details have been specified, the crypto-fiat Singapore-based exchange will presumably support the local Singapore dollar.
US PNC Bank To Use RippleNet For Customers’ International Payments
PNC, which is ranked among the top ten U.S. banks with 8 million customers and retail branches in 19 states, will use RippleNet to process international payments for its customers. A particular PNC unit — Treasury Management — will use Ripple’s blockchain solution xCurrent to speed up overseas transactions held by U.S. commercial clients. Ripple emphasises that xCurrent will allow PNC business clients to receive payments against their invoices instantly, changing their approach to managing both accounts and their working capital.
Ripple Executive Hints Of xRapid Launch Coming Soon
Head of regulatory relations for Asia-Pacific and the Middle East at Ripple Sagar Sarbhai told CNBC this week that Ripple has been making strides toward the launch of its product xRapid, noting that a commercial version of its payment platform could launch “in the next month or so.” The xRapid product is a real-time settlement platform designed to speed up international payments that addresses the issues of minimizing liquidity costs and making cross-border payment transactions faster.
Canadian Coinsquare’s Investment Subsidiary Launches Two Tech-Based ETFs
Coinsquare’s subsidiary — Coin Capital Investment Management — has reportedly become the 30th ETF operator in Canada, with the launch of the Coincapital STOXX Blockchain Patents Innovation Index Fund (LDGR) and the Coincapital STOXX B.R.AI.N. Index Fund (THNK) on the Toronto Stock Exchange (TSX). LDGR is a research-focused ETF that intends to provide investors with global equity securities of firms that invest in the development of blockchain technologies, while THNK, aims to provide investments in global equity securities concentrated around four “megatrends” in technology — biotechnology, robotics, artificial intelligence (AI), and nanotechnology.
Brazil’s Largest Brokerage To Launch Bitcoin, Ethereum Exchange
The largest brokerage in Brazil, Grupo XP, will enter the crypto space by launching an exchange for Bitcoin (BTC) and Ethereum (ETH) in the near future called XDEX with around forty employees. Grupo XP is the biggest financial group in Brazil, comprising companies with various business models. XP has reportedly set a goal to have $1 trillion reais ($245 billion) under custody by 2020, which is four times what the company expects to raise by the end of this year. In addition, XP will launch a bank in the next few months.
Mergers, Acquisitions, And Partnerships
Crypto Exchange Huobi Joins Russian Bank Innovation Fund
Cryptocurrency exchange Huobi has joined Russia’s VEB Innovation Fund to share notes on crypto regulation. Russia’s cryptocurrency regulation draft law, which passed in a first reading in May, are tentatively set to be passed in October. One of the main goals of the partnership with Huobi and the VEB Innovation Fund is to draw on the crypto regulation experience gained by Huobi and to apply it in Russia, especially for adjusting the legal framework on digital assets.
Switzerland And Israel Agree To Share Blockchain Regulation Experience
Switzerland and Israel have agreed to share their experience on regulating the blockchain industry.Switzerland’s Minister of Finance Ueli Maurer and State Secretary for International Financial Matters Joerg Gasser have recently visited Israel to officially request access to the local markets for Swiss banks.As Gasser told Reuters, by the end of 2018 he plans to prepare a report on blockchain regulation for the Israeli officials that would outline general recommendations.
R3, Dutch Digital Security Company Partner For Blockchain-Based IDs
Blockchain consortium R3 has deployed a digital ID application developed by Dutch digital security company Gemalto on the latest version of the Corda Platform. The parties now expect to conduct several pilots of the application — called the Trust ID Network — that will reportedly be launched later this year. The application enables digital service providers to operate “fully verified and secured” user personal data by creating a Digital ID, allowing consumers to register within various banking, e-commerce, and e-government services while avoiding repeated due diligence procedures.
Poland’s Largest Bank Partners With Coinfirm To Launch Blockchain Solution
Poland’s largest bank , PKO Bank Polski, will launch a blockchain solution for its customer documents via a partnership with UK-based Coinfirm “in the coming days,” the parties confirmed this week. As part of a drive to enhance security of customer data, PKO Bank Polski will use Coinfirm’s Trudatum to provide blockchain-issued paperwork to its some five million account holders.
Funding Rounds
Chinese Blockchain Fund To Raise Almost $13 Million For Japanese Stablecoin
Yao Yongjie, whose $1.5 billion Grandshores Blockchain Fund has the backing of well-known Chinese Bitcoin investor Li Xiaolai and the local government of the city of Hangzhou, is seeking to create up to three new stable cryptocurrencies (stablecoins) pegged to various fiat currencies. The first reported stablecoin project would involve the Japanese yen, and a second company Yao chairs, Hong Kong-based Grandshores Technology, aims to raise HK$100 million ($12.7 million) in financing for the cryptocurrency.
Winners And Losers
The crypto markets have experienced a comeback this week, with Bitcoin trading for around $6,756 and Ethereum at $245. Total market cap is now around $228 billion.
The top three altcoin gainers of the week are Carebit, Bob’s Repair, and the Ultimate Secure Cash. The top three altcoin losers of the week are Protean, Abulaba, and Bitmark.
For more info on crypto prices, make sure to read Cointelegraph’s market analysis.
FUD Of The Week
Bitcoin Core Updates Fixes Vulnerability That Could “Take Down The Network”
Bitcoin Core has released an update following the recent detection of a vulnerability in the software: Bitcoin Core 0.16.3 was released with a fix for a denial-of-service (DoS) vulnerability.The vulnerability could reportedly cause a crash of older versions of Bitcoin Core if they attempted processing a block transaction that tries to spend the same amount twice. According to Casaba Security co-founder Jason Glassberg, the recent vulnerability found on Bitcoin Core software could “take down the network.” He explained that the network crash “does not appear” to target users’ wallets, but would rather “affect transactions in the sense that they cannot be completed.”
China’s Central Bank Warns Public Of Risks With ICOs, Crypto Trading
The People’s Bank of China has issued a new public notice this week “reminding” investors of the risks associated with Initial Coin Offerings (ICOs) and crypto trading. Today’s notice ,released from the bank’s headquarters in Shanghai, censures the “unauthorized” and “illegal” ICO financing model for posing a “serious disruption” to the “economic, financial and social order.”
German Finance Minister Doubts Whether Crypto Could Ever Replace Fiat
Germany’s Finance Minister Olaf Scholz doubted publicly this week that cryptocurrencies can currently replace traditional fiat currencies. Scholz compared cryptocurrencies to the tulip fever bubble in the Netherlands in the 17th century saying, “and the danger is great that there will be such a tulip inflation,” noting that cryptocurrencies should also be closely observed by regulators, as they could be used for terrorist financing, money laundering or other criminal activities.
Reuters: Brazilians Antitrust Regulator To Inspect Six Major Banks Over Crypto Trade
Brazil’s antitrust regulator, the Administrative Council for Economic Defense (CADE), is reportedly inspecting six major national banks for alleged monopolistic practices in the crypto space, according to Reuters. The probe, which was initiated n the request of the Brazilian Blockchain and Cryptocurrency Association (ABCB) following several complaints, will determine whether the country’s largest banks closed the accounts of brokerages trading in Bitcoin.
Malware Reportedly Stolen From NSA Contributes To Skyrocketing Cryptojacking
Leaked code targeting Microsoft Systems which hackers allegedly stole from the U.S. National Security Agency (NSA) sparked a fivefold increase in cryptocurrency mining malware infections, according to a report from the Cyber Threat Alliance. Eternal Blue, which was reportedly stolen and then used for the infamous cyberattacks WannaCry and NotPetya, has been used by hackers to gain access to computers in order to covertly mine for cryptocurrency, with detections up 459 percent this year.
Prediction Of The Week
Bitcoin To See 30 Percent Rally By End Of 2018, Says Mike Novogratz
Billionaire investor Mike Novogratz predicted this week on Twitter that Bitcoin will see a 30 percent rally by the end of 2018. Stating that the $8,800 to $10,000 threshold would be the the defining moment for institutional investors to enter the space, Novogratz claimed that it is impossible for BTC to not reach the $8,800 to $10,000 price points by the end of the year.
Best Features
Bitcoin Miners Flock To New York’s Remote Corners, But Get Chilly Reception
The New York Times visits Massena — a region formerly filled with American corporations offering unions jobs — that now has one of the state’s highest unemployment rates. However, as the Time notes, the “abundant, cheap electricity flowing from a dam in the St. Lawrence River,” has brought in the cryptocurrency mining companies, bringing mixed reactions from the area’s residents.
No One Knows What to Call the Hottest Cryptocurrency
After Ripple (XRP) saw an unprecedented amount of growth this week, the question arose: what is it really called — Ripple or XRP? While Ripple Labs Inc. notes that the tokens are different than its open-source network, the token did used to be referred to as “ripples (XRP).”
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Weekend Roundup: North Korea Nears The Brink
Not even two months into office and with only a skeleton national security team in place, U.S. President Donald Trump is facing what could be the most perilous nuclear-related military confrontation since the Cuban Missile Crisis over half a century ago.
Fearing an outbreak of “actual war” as North Korea has threatened, Chinese Foreign Minister Wang Yi this week urgently called on its ally to end all missile tests and for the U.S. and South Korea to suspend joint military exercises. He warned that the U.S. and North Korea are “like two accelerating trains coming toward each other, and neither side is willing to give way.”
The potential calamity that could result from a clash between the two most unpredictable leaders in the world makes the search for a breakthrough more urgent than in previous crises. In their response to the latest tests, China has sought to pressure Pyongyang by halting coal imports, a key source of income for the Hermit Kingdom. But compounding the conundrum of how to bring North Korean leader Kim Jong Un to heel, China is at the same time furious over the installation of a U.S.-South Korea missile shield aimed at the North but whose prying radar “can ‘reach’ into Chinese territory.” Completing the perfect storm, South Korea’s Constitutional Court on Friday upheld the impeachment of President Park Geun-hye, thus removing her from office. After many years of slow burn, the North Korean menace has reached an inflection point where the whole region is at risk of conflagration.
Clearly it is time to try a new strategy beyond sanctioning and isolating North Korea to stop its nuclear threat. Madame Fu Ying, one of China’s top diplomats who has been dealing with Pyongyang since 2003, made the case to me recently in Beijing that this long-standing approach is not working, but only making the beleaguered regime more belligerent. Pulling out a chart tracing the decades-long path to nuclear armament and ballistic missile development, Madame Fu said the pattern is clear: when there are talks, the buildup stalls; when there are sanctions, the North doubles down on amassing an ever-more powerful arsenal.
“The U.S. keeps pressuring China to stop Kim, and we have gone along with that,” she said. “But it is America that, in the end, holds the key to resolving the crisis. That key is direct negotiations with North Korea as a step towards a peace treaty and a guarantee against regime change.” Absent that, her argument went, the only path to security from the North’s perspective is its weapons.
Despite other tensions, the highest priority now is for China and the new Trump administration to join as indispensable partners in pursuing a path along the lines Fu Ying has suggested. In such a scenario, North Korea would still likely retain a nuclear capacity ― unlike Iran, it already crossed this threshold long ago. But, in return for recognition and security, the Kim regime would be obliged to halt new testing and dismantle all intermediate and long-range missiles that could carry nuclear warheads to other countries, especially Japan.
Former U.S. Defense Secretary William J. Perry, who participated in U.S. talks with North Korea’s leaders back in 1999, takes this diplomatic option seriously: “I believe that North Korea might well agree to give up testing of nuclear weapons and long-range missiles and agree not to sell or transfer any of its nuclear technology in return for economic concessions from South Korea and security assurances from the U.S.”
To be sure, such a deal would be hard for any U.S. administration to swallow. It rankles deeply to act as if rewarding aggressive behavior. But in this case the only other course to the U.S. negotiating directly with North Korea is the continuing buildup of an even greater destructive capacity that could be unleashed in an inevitable future war. As Perry writes, “I do not suggest this approach with any enthusiasm. But our only realistic alternative is military force.”
If this far from perfect arrangement could be made, it would not only serve to reduce the immediate danger, but also serve as a new foundation for security and cooperation ― instead of confrontation ― between the U.S. and China on other issues at conflict in East Asia.
One such area where Beijing and Washington are bound to clash, but will need to cooperate, is trade. As the West turns against globalization, Ivan Tselichtchev writes from Hong Kong that Asia is becoming the champion of free trade, building new links with each other that don’t depend on the American market.
Key leaders are also clashing elsewhere outside Asia. German Chancellor Angela Merkel and Turkish President Recep Tayyip Erdoğan this week “accused the other of acting in bad faith” in a controversy over whether Erdoğan’s allies can campaign in Germany among the many Turks who live there ahead of an April referendum that would consolidate the Turkish president’s autocratic powers. Writing from Berlin, Fabrizio Tassinari sees this fraught moment ― the culmination of tensions all along the road of Turkey’s failed effort over decades to join the European Union ― “as the end of Turkey’s European history.” In an interview, French writer Jean d’Ormesson worries that the “real victim” of populism, both in the U.S. and Europe, is democracy. “All of France is moving to the right,” he laments. Nick Robins-Early reports on how “far-right bots” are behind the social media surge of French nationalist leader Marine Le Pen.
The issue of Islam and refugees continues to roil American politics as the Trump administration announced a revised travel ban this week. Taking the long view, Muslim scholar Akbar Ahmed advises Trump to learn from the Holy Roman Emperor Frederick II who, at the height of the Crusades, was able to work with his Muslim counterparts in Jerusalem to establish tolerance and the sharing of religious sites. Anastasya Manuilova reports from Moscow that there has been a noticeable decline in “Trumpophilia” as the “bromance” between the American president and Russian President Vladimir Putin dwindles amidst the Trump-Russia controversy in the U.S.. For most Russians, she says, “Putin’s bromance with Trump is already on its deathbed, and with it, any chance for a genuine reset.”
Following up on our interview last week with Indian author Pankaj Mishra, Gregory Rodriguez writes that, “[Mishra] sees the destruction of local, intimate, long-rooted systems of meaning as opening a spiritual Pandora’s box within which lies infinite doubt and disillusion.” To wrestle with the “nothingness” left behind, Rodriguez argues that “Western liberals need to admit that we have finally reached the limits of the Enlightenment’s cult of secular individualism.”
Even as tensions increase over North Korea’s nuclear weapons, Ariel Conn raises the specter of a new threat on the horizon ― an “AI arms race” as the technology spreads to develop lethal autonomous weaponry.
Finally, our Singularity series this week examines a plan in New Zealand to rid the country of predatory plants and animals by 2050 through the use of “genetic engineering techniques to render invasive species infertile, exterminating them from within their own DNA.”
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Elon Musk Wants Advice on Twitter Crypto Scammers, the US SEC Wants Comments on BTC ETFs
Coming every Sunday, the Hodler’s Digest will help you to track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much more — a week on Cointelegraph in one link.
Top Stories This Week
Japanese Cryptocurrency Exchange Zaif Hacked Of Reported 5,966 Bitcoins
As a result of a security breach on September 14, hackers have managed to steal 4.5 billion yen from Japan’s Zaif cryptocurrency exchange, as well as 2.2 billion yen from the assets of the company, with total losses amounting to 6.7 billion yen or around $59.7 million. Tech Bureau Inc, which operated Zaif, stated this week that the exchange detected a server error on September 17, after which Zaif suspended deposits and withdrawals. On September 18, the exchange realized that the error was a hack, and reported the incident to Japan’s financial regulator, reporting losses of 5,966 bitcoins (BTC) in addition to some Bitcoin Cash (BCH) and MonaCoin (MONA).
SpaceX CEO Elon Musk Turns To Dogecoin Creator To Stop Crypto Scammers
Elon Musk, the CEO of SpaceX and Tesla Elon Musk asked Jackson Palmer, the creator of Dogecoin (DOGE), to help him combat “annoying” cryptocurrency scammers on Twitter this week. Musk, directing his tweet at Palmer, asked for help getting rid of scam spammers, to which Palmer replied by sending Musk a short script in direct messages to try to fix the problem.
US SEC Postpones VanEck Bitcoin Exchange Traded Fund, Asks For Further Comments
The U.S. Securities and Exchange Commission (SEC) has requested further comments regarding its decision on the listing and trading of VanEck and SolidX’s Bitcoin (BTC) exchange-traded fund (ETF), which is expected to list on the CBOE BZX Equities Exchange (BZX). In a notice, the SEC asks for additional comments from interested parties addressing the sufficiency of the BZX’s statement in support of the proposal. In particular, the SEC is seeking comments on eighteen key issues, among which are commenters’ views on BZX’s assertions that BTC “is arguably less susceptible to manipulation than other commodities that underlie exchange-traded products (ETPs).”
New York Attorney General Report: Crypto Exchanges Vulnerable To Manipulation
A new report published by the New York Attorney General’s office states that cryptocurrency exchanges are vulnerable to manipulation, conflicts of interest, and other consumer risks. The findings, part of the “Virtual Markets Integrity Initiative” that consisted in surveying 13 cryptocurrency exchanges, found that an absence of standard methods for auditing virtual assets results in the lack of a consistent and transparent approach to independently auditing digital currency traded on exchanges.
Researchers Explain How Gemini Dollar Transactions Can Be Changed Or Paused
The implementation of the recently launched Gemini dollar (GUSD) stablecoin can be completely changed by a Gemini custodian every 48 hours, according to a study authored by blockchain researcher Alex Lebed and crypto consultant Alexey Akhunov. In the study, the authors review the code of the GUSD’s smart contract in order to demonstrate that the implementation of the Gemini USD can become non-transferrable or frozen at any moment, which is noted in the Gemini dollar’s white paper.
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Most Memorable Quotations
“The data age is major opportunity for manufacturers to reform the industry. But blockchain and IoT will be meaningless tech unless they can promote the transformation of the manufacturing industry, and the evolution of the society towards a greener and more inclusive direction,” — Jack Ma, founder of Chinese e-commerce giant Alibaba
“Cryptocurrencies are perfect, but are used for bad purposes today, so [one has to be] careful. Blockchain and distributed ledger technologies are also perfect, they are big, big tools,” — Francisco Gonzalez Rodriguez, executive chairman of multinational Spanish banking group Banco Bilbao Vizcaya Argentaria (BBVA)
“As the government and regulators decide whether the current Wild West situation is allowed to continue, or whether they are going to introduce regulation, consumers remain unprotected,” — UK Treasury Committee on cryptocurrency regulation
Laws And Taxes
Ukrainian Parliament Seeks To Tax Cryptocurrency Assets With New Bill
Ukraine’s parliament has proposed a bill that would tax operations with crypto assets with a five percent tax on individuals and legal entities operating with virtual currency assets, such as cryptocurrencies and tokens. Starting Jan. 1, 2024 crypto-related profits by businesses would be taxed at 18 percent, which is a basic rate for corporate and personal income tax in Ukraine. According to the lawmakers, the introduction of this tax would make it possible to “draw 1.27 billion hryvnia ($43 million) to the budget annually from 2019-2024.”
US Lawmakers Send Open Letter To IRS Asking For Crypto Taxation Clarity
U.S. lawmakers have called on the Internal Revenue Service (IRS) to issue clarified and “comprehensive” crypto taxation guidance in an open letter this week. The representatives deem that the IRS has had “more than adequate time” to work through complexities after its preliminary rules were issued four years ago, arguing that while the IRS has proactively continued to remind taxpayers of the penalties for non-compliance with its guidance, its failure to introduce a more robust taxation framework “severely hinders taxpayers’ ability” to meet their obligations.
Financial Task Force Says International AML Standards For Crypto Coming Soon
The Financial Action Task Force (FATF) said it is getting closer to the establishment of a global set of anti-money laundering (AML) standards for cryptocurrencies. The agency’s president Marshall Billingslea reportedly said that he expects the coordination of a series of standards that will close “gaps” in global AML standards at an FATF plenary in October. At that time, the FATF will purportedly discuss which existing standards should be adapted to digital currencies, as well as revise the assessment methods of how countries implement those standards.
Adoption
Binance To Soon Begin Private Beta Testing Of Crypto-Fiat Singapore Exchange
Binance, the largest global crypto exchange, will soon start private beta testing a crypto-fiat exchange in Singapore, as Binance co-founder and CEO Changpeng Zhao (CZ) tweeted this week. According to CZ, the testing will be launched on September 18, and while no further details have been specified, the crypto-fiat Singapore-based exchange will presumably support the local Singapore dollar.
US PNC Bank To Use RippleNet For Customers’ International Payments
PNC, which is ranked among the top ten U.S. banks with 8 million customers and retail branches in 19 states, will use RippleNet to process international payments for its customers. A particular PNC unit — Treasury Management — will use Ripple’s blockchain solution xCurrent to speed up overseas transactions held by U.S. commercial clients. Ripple emphasises that xCurrent will allow PNC business clients to receive payments against their invoices instantly, changing their approach to managing both accounts and their working capital.
Ripple Executive Hints Of xRapid Launch Coming Soon
Head of regulatory relations for Asia-Pacific and the Middle East at Ripple Sagar Sarbhai told CNBC this week that Ripple has been making strides toward the launch of its product xRapid, noting that a commercial version of its payment platform could launch “in the next month or so.” The xRapid product is a real-time settlement platform designed to speed up international payments that addresses the issues of minimizing liquidity costs and making cross-border payment transactions faster.
Canadian Coinsquare’s Investment Subsidiary Launches Two Tech-Based ETFs
Coinsquare’s subsidiary — Coin Capital Investment Management — has reportedly become the 30th ETF operator in Canada, with the launch of the Coincapital STOXX Blockchain Patents Innovation Index Fund (LDGR) and the Coincapital STOXX B.R.AI.N. Index Fund (THNK) on the Toronto Stock Exchange (TSX). LDGR is a research-focused ETF that intends to provide investors with global equity securities of firms that invest in the development of blockchain technologies, while THNK, aims to provide investments in global equity securities concentrated around four “megatrends” in technology — biotechnology, robotics, artificial intelligence (AI), and nanotechnology.
Brazil’s Largest Brokerage To Launch Bitcoin, Ethereum Exchange
The largest brokerage in Brazil, Grupo XP, will enter the crypto space by launching an exchange for Bitcoin (BTC) and Ethereum (ETH) in the near future called XDEX with around forty employees. Grupo XP is the biggest financial group in Brazil, comprising companies with various business models. XP has reportedly set a goal to have $1 trillion reais ($245 billion) under custody by 2020, which is four times what the company expects to raise by the end of this year. In addition, XP will launch a bank in the next few months.
Mergers, Acquisitions, And Partnerships
Crypto Exchange Huobi Joins Russian Bank Innovation Fund
Cryptocurrency exchange Huobi has joined Russia’s VEB Innovation Fund to share notes on crypto regulation. Russia’s cryptocurrency regulation draft law, which passed in a first reading in May, are tentatively set to be passed in October. One of the main goals of the partnership with Huobi and the VEB Innovation Fund is to draw on the crypto regulation experience gained by Huobi and to apply it in Russia, especially for adjusting the legal framework on digital assets.
Switzerland And Israel Agree To Share Blockchain Regulation Experience
Switzerland and Israel have agreed to share their experience on regulating the blockchain industry.Switzerland’s Minister of Finance Ueli Maurer and State Secretary for International Financial Matters Joerg Gasser have recently visited Israel to officially request access to the local markets for Swiss banks.As Gasser told Reuters, by the end of 2018 he plans to prepare a report on blockchain regulation for the Israeli officials that would outline general recommendations.
R3, Dutch Digital Security Company Partner For Blockchain-Based IDs
Blockchain consortium R3 has deployed a digital ID application developed by Dutch digital security company Gemalto on the latest version of the Corda Platform. The parties now expect to conduct several pilots of the application — called the Trust ID Network — that will reportedly be launched later this year. The application enables digital service providers to operate “fully verified and secured” user personal data by creating a Digital ID, allowing consumers to register within various banking, e-commerce, and e-government services while avoiding repeated due diligence procedures.
Poland’s Largest Bank Partners With Coinfirm To Launch Blockchain Solution
Poland’s largest bank , PKO Bank Polski, will launch a blockchain solution for its customer documents via a partnership with UK-based Coinfirm “in the coming days,” the parties confirmed this week. As part of a drive to enhance security of customer data, PKO Bank Polski will use Coinfirm’s Trudatum to provide blockchain-issued paperwork to its some five million account holders.
Funding Rounds
Chinese Blockchain Fund To Raise Almost $13 Million For Japanese Stablecoin
Yao Yongjie, whose $1.5 billion Grandshores Blockchain Fund has the backing of well-known Chinese Bitcoin investor Li Xiaolai and the local government of the city of Hangzhou, is seeking to create up to three new stable cryptocurrencies (stablecoins) pegged to various fiat currencies. The first reported stablecoin project would involve the Japanese yen, and a second company Yao chairs, Hong Kong-based Grandshores Technology, aims to raise HK$100 million ($12.7 million) in financing for the cryptocurrency.
Winners And Losers
The crypto markets have experienced a comeback this week, with Bitcoin trading for around $6,756 and Ethereum at $245. Total market cap is now around $228 billion.
The top three altcoin gainers of the week are Carebit, Bob’s Repair, and the Ultimate Secure Cash. The top three altcoin losers of the week are Protean, Abulaba, and Bitmark.
For more info on crypto prices, make sure to read Cointelegraph’s market analysis.
FUD Of The Week
Bitcoin Core Updates Fixes Vulnerability That Could “Take Down The Network”
Bitcoin Core has released an update following the recent detection of a vulnerability in the software: Bitcoin Core 0.16.3 was released with a fix for a denial-of-service (DoS) vulnerability.The vulnerability could reportedly cause a crash of older versions of Bitcoin Core if they attempted processing a block transaction that tries to spend the same amount twice. According to Casaba Security co-founder Jason Glassberg, the recent vulnerability found on Bitcoin Core software could “take down the network.” He explained that the network crash “does not appear” to target users’ wallets, but would rather “affect transactions in the sense that they cannot be completed.”
China’s Central Bank Warns Public Of Risks With ICOs, Crypto Trading
The People’s Bank of China has issued a new public notice this week “reminding” investors of the risks associated with Initial Coin Offerings (ICOs) and crypto trading. Today’s notice ,released from the bank’s headquarters in Shanghai, censures the “unauthorized” and “illegal” ICO financing model for posing a “serious disruption” to the “economic, financial and social order.”
German Finance Minister Doubts Whether Crypto Could Ever Replace Fiat
Germany’s Finance Minister Olaf Scholz doubted publicly this week that cryptocurrencies can currently replace traditional fiat currencies. Scholz compared cryptocurrencies to the tulip fever bubble in the Netherlands in the 17th century saying, “and the danger is great that there will be such a tulip inflation,” noting that cryptocurrencies should also be closely observed by regulators, as they could be used for terrorist financing, money laundering or other criminal activities.
Reuters: Brazilians Antitrust Regulator To Inspect Six Major Banks Over Crypto Trade
Brazil’s antitrust regulator, the Administrative Council for Economic Defense (CADE), is reportedly inspecting six major national banks for alleged monopolistic practices in the crypto space, according to Reuters. The probe, which was initiated n the request of the Brazilian Blockchain and Cryptocurrency Association (ABCB) following several complaints, will determine whether the country’s largest banks closed the accounts of brokerages trading in Bitcoin.
Malware Reportedly Stolen From NSA Contributes To Skyrocketing Cryptojacking
Leaked code targeting Microsoft Systems which hackers allegedly stole from the U.S. National Security Agency (NSA) sparked a fivefold increase in cryptocurrency mining malware infections, according to a report from the Cyber Threat Alliance. Eternal Blue, which was reportedly stolen and then used for the infamous cyberattacks WannaCry and NotPetya, has been used by hackers to gain access to computers in order to covertly mine for cryptocurrency, with detections up 459 percent this year.
Prediction Of The Week
Bitcoin To See 30 Percent Rally By End Of 2018, Says Mike Novogratz
Billionaire investor Mike Novogratz predicted this week on Twitter that Bitcoin will see a 30 percent rally by the end of 2018. Stating that the $8,800 to $10,000 threshold would be the the defining moment for institutional investors to enter the space, Novogratz claimed that it is impossible for BTC to not reach the $8,800 to $10,000 price points by the end of the year.
Best Features
Bitcoin Miners Flock To New York’s Remote Corners, But Get Chilly Reception
The New York Times visits Massena — a region formerly filled with American corporations offering unions jobs — that now has one of the state’s highest unemployment rates. However, as the Time notes, the “abundant, cheap electricity flowing from a dam in the St. Lawrence River,” has brought in the cryptocurrency mining companies, bringing mixed reactions from the area’s residents.
No One Knows What to Call the Hottest Cryptocurrency
After Ripple (XRP) saw an unprecedented amount of growth this week, the question arose: what is it really called — Ripple or XRP? While Ripple Labs Inc. notes that the tokens are different than its open-source network, the token did used to be referred to as “ripples (XRP).”
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Elon Musk Wants Advice on Twitter Crypto Scammers, the US SEC Wants Comments on BTC ETFs
Coming every Sunday, the Hodler’s Digest will help you to track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much more — a week on Cointelegraph in one link.
Top Stories This Week
Japanese Cryptocurrency Exchange Zaif Hacked Of Reported 5,966 Bitcoins
As a result of a security breach on September 14, hackers have managed to steal 4.5 billion yen from Japan’s Zaif cryptocurrency exchange, as well as 2.2 billion yen from the assets of the company, with total losses amounting to 6.7 billion yen or around $59.7 million. Tech Bureau Inc, which operated Zaif, stated this week that the exchange detected a server error on September 17, after which Zaif suspended deposits and withdrawals. On September 18, the exchange realized that the error was a hack, and reported the incident to Japan’s financial regulator, reporting losses of 5,966 bitcoins (BTC) in addition to some Bitcoin Cash (BCH) and MonaCoin (MONA).
SpaceX CEO Elon Musk Turns To Dogecoin Creator To Stop Crypto Scammers
Elon Musk, the CEO of SpaceX and Tesla Elon Musk asked Jackson Palmer, the creator of Dogecoin (DOGE), to help him combat “annoying” cryptocurrency scammers on Twitter this week. Musk, directing his tweet at Palmer, asked for help getting rid of scam spammers, to which Palmer replied by sending Musk a short script in direct messages to try to fix the problem.
US SEC Postpones VanEck Bitcoin Exchange Traded Fund, Asks For Further Comments
The U.S. Securities and Exchange Commission (SEC) has requested further comments regarding its decision on the listing and trading of VanEck and SolidX’s Bitcoin (BTC) exchange-traded fund (ETF), which is expected to list on the CBOE BZX Equities Exchange (BZX). In a notice, the SEC asks for additional comments from interested parties addressing the sufficiency of the BZX’s statement in support of the proposal. In particular, the SEC is seeking comments on eighteen key issues, among which are commenters’ views on BZX’s assertions that BTC “is arguably less susceptible to manipulation than other commodities that underlie exchange-traded products (ETPs).”
New York Attorney General Report: Crypto Exchanges Vulnerable To Manipulation
A new report published by the New York Attorney General’s office states that cryptocurrency exchanges are vulnerable to manipulation, conflicts of interest, and other consumer risks. The findings, part of the “Virtual Markets Integrity Initiative” that consisted in surveying 13 cryptocurrency exchanges, found that an absence of standard methods for auditing virtual assets results in the lack of a consistent and transparent approach to independently auditing digital currency traded on exchanges.
Researchers Explain How Gemini Dollar Transactions Can Be Changed Or Paused
The implementation of the recently launched Gemini dollar (GUSD) stablecoin can be completely changed by a Gemini custodian every 48 hours, according to a study authored by blockchain researcher Alex Lebed and crypto consultant Alexey Akhunov. In the study, the authors review the code of the GUSD’s smart contract in order to demonstrate that the implementation of the Gemini USD can become non-transferrable or frozen at any moment, which is noted in the Gemini dollar’s white paper.
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Most Memorable Quotations
“The data age is major opportunity for manufacturers to reform the industry. But blockchain and IoT will be meaningless tech unless they can promote the transformation of the manufacturing industry, and the evolution of the society towards a greener and more inclusive direction,” — Jack Ma, founder of Chinese e-commerce giant Alibaba
“Cryptocurrencies are perfect, but are used for bad purposes today, so [one has to be] careful. Blockchain and distributed ledger technologies are also perfect, they are big, big tools,” — Francisco Gonzalez Rodriguez, executive chairman of multinational Spanish banking group Banco Bilbao Vizcaya Argentaria (BBVA)
“As the government and regulators decide whether the current Wild West situation is allowed to continue, or whether they are going to introduce regulation, consumers remain unprotected,” — UK Treasury Committee on cryptocurrency regulation
Laws And Taxes
Ukrainian Parliament Seeks To Tax Cryptocurrency Assets With New Bill
Ukraine’s parliament has proposed a bill that would tax operations with crypto assets with a five percent tax on individuals and legal entities operating with virtual currency assets, such as cryptocurrencies and tokens. Starting Jan. 1, 2024 crypto-related profits by businesses would be taxed at 18 percent, which is a basic rate for corporate and personal income tax in Ukraine. According to the lawmakers, the introduction of this tax would make it possible to “draw 1.27 billion hryvnia ($43 million) to the budget annually from 2019-2024.”
US Lawmakers Send Open Letter To IRS Asking For Crypto Taxation Clarity
U.S. lawmakers have called on the Internal Revenue Service (IRS) to issue clarified and “comprehensive” crypto taxation guidance in an open letter this week. The representatives deem that the IRS has had “more than adequate time” to work through complexities after its preliminary rules were issued four years ago, arguing that while the IRS has proactively continued to remind taxpayers of the penalties for non-compliance with its guidance, its failure to introduce a more robust taxation framework “severely hinders taxpayers’ ability” to meet their obligations.
Financial Task Force Says International AML Standards For Crypto Coming Soon
The Financial Action Task Force (FATF) said it is getting closer to the establishment of a global set of anti-money laundering (AML) standards for cryptocurrencies. The agency’s president Marshall Billingslea reportedly said that he expects the coordination of a series of standards that will close “gaps” in global AML standards at an FATF plenary in October. At that time, the FATF will purportedly discuss which existing standards should be adapted to digital currencies, as well as revise the assessment methods of how countries implement those standards.
Adoption
Binance To Soon Begin Private Beta Testing Of Crypto-Fiat Singapore Exchange
Binance, the largest global crypto exchange, will soon start private beta testing a crypto-fiat exchange in Singapore, as Binance co-founder and CEO Changpeng Zhao (CZ) tweeted this week. According to CZ, the testing will be launched on September 18, and while no further details have been specified, the crypto-fiat Singapore-based exchange will presumably support the local Singapore dollar.
US PNC Bank To Use RippleNet For Customers’ International Payments
PNC, which is ranked among the top ten U.S. banks with 8 million customers and retail branches in 19 states, will use RippleNet to process international payments for its customers. A particular PNC unit — Treasury Management — will use Ripple’s blockchain solution xCurrent to speed up overseas transactions held by U.S. commercial clients. Ripple emphasises that xCurrent will allow PNC business clients to receive payments against their invoices instantly, changing their approach to managing both accounts and their working capital.
Ripple Executive Hints Of xRapid Launch Coming Soon
Head of regulatory relations for Asia-Pacific and the Middle East at Ripple Sagar Sarbhai told CNBC this week that Ripple has been making strides toward the launch of its product xRapid, noting that a commercial version of its payment platform could launch “in the next month or so.” The xRapid product is a real-time settlement platform designed to speed up international payments that addresses the issues of minimizing liquidity costs and making cross-border payment transactions faster.
Canadian Coinsquare’s Investment Subsidiary Launches Two Tech-Based ETFs
Coinsquare’s subsidiary — Coin Capital Investment Management — has reportedly become the 30th ETF operator in Canada, with the launch of the Coincapital STOXX Blockchain Patents Innovation Index Fund (LDGR) and the Coincapital STOXX B.R.AI.N. Index Fund (THNK) on the Toronto Stock Exchange (TSX). LDGR is a research-focused ETF that intends to provide investors with global equity securities of firms that invest in the development of blockchain technologies, while THNK, aims to provide investments in global equity securities concentrated around four “megatrends” in technology — biotechnology, robotics, artificial intelligence (AI), and nanotechnology.
Brazil’s Largest Brokerage To Launch Bitcoin, Ethereum Exchange
The largest brokerage in Brazil, Grupo XP, will enter the crypto space by launching an exchange for Bitcoin (BTC) and Ethereum (ETH) in the near future called XDEX with around forty employees. Grupo XP is the biggest financial group in Brazil, comprising companies with various business models. XP has reportedly set a goal to have $1 trillion reais ($245 billion) under custody by 2020, which is four times what the company expects to raise by the end of this year. In addition, XP will launch a bank in the next few months.
Mergers, Acquisitions, And Partnerships
Crypto Exchange Huobi Joins Russian Bank Innovation Fund
Cryptocurrency exchange Huobi has joined Russia’s VEB Innovation Fund to share notes on crypto regulation. Russia’s cryptocurrency regulation draft law, which passed in a first reading in May, are tentatively set to be passed in October. One of the main goals of the partnership with Huobi and the VEB Innovation Fund is to draw on the crypto regulation experience gained by Huobi and to apply it in Russia, especially for adjusting the legal framework on digital assets.
Switzerland And Israel Agree To Share Blockchain Regulation Experience
Switzerland and Israel have agreed to share their experience on regulating the blockchain industry.Switzerland’s Minister of Finance Ueli Maurer and State Secretary for International Financial Matters Joerg Gasser have recently visited Israel to officially request access to the local markets for Swiss banks.As Gasser told Reuters, by the end of 2018 he plans to prepare a report on blockchain regulation for the Israeli officials that would outline general recommendations.
R3, Dutch Digital Security Company Partner For Blockchain-Based IDs
Blockchain consortium R3 has deployed a digital ID application developed by Dutch digital security company Gemalto on the latest version of the Corda Platform. The parties now expect to conduct several pilots of the application — called the Trust ID Network — that will reportedly be launched later this year. The application enables digital service providers to operate “fully verified and secured” user personal data by creating a Digital ID, allowing consumers to register within various banking, e-commerce, and e-government services while avoiding repeated due diligence procedures.
Poland’s Largest Bank Partners With Coinfirm To Launch Blockchain Solution
Poland’s largest bank , PKO Bank Polski, will launch a blockchain solution for its customer documents via a partnership with UK-based Coinfirm “in the coming days,” the parties confirmed this week. As part of a drive to enhance security of customer data, PKO Bank Polski will use Coinfirm’s Trudatum to provide blockchain-issued paperwork to its some five million account holders.
Funding Rounds
Chinese Blockchain Fund To Raise Almost $13 Million For Japanese Stablecoin
Yao Yongjie, whose $1.5 billion Grandshores Blockchain Fund has the backing of well-known Chinese Bitcoin investor Li Xiaolai and the local government of the city of Hangzhou, is seeking to create up to three new stable cryptocurrencies (stablecoins) pegged to various fiat currencies. The first reported stablecoin project would involve the Japanese yen, and a second company Yao chairs, Hong Kong-based Grandshores Technology, aims to raise HK$100 million ($12.7 million) in financing for the cryptocurrency.
Winners And Losers
The crypto markets have experienced a comeback this week, with Bitcoin trading for around $6,756 and Ethereum at $245. Total market cap is now around $228 billion.
The top three altcoin gainers of the week are Carebit, Bob’s Repair, and the Ultimate Secure Cash. The top three altcoin losers of the week are Protean, Abulaba, and Bitmark.
For more info on crypto prices, make sure to read Cointelegraph’s market analysis.
FUD Of The Week
Bitcoin Core Updates Fixes Vulnerability That Could “Take Down The Network”
Bitcoin Core has released an update following the recent detection of a vulnerability in the software: Bitcoin Core 0.16.3 was released with a fix for a denial-of-service (DoS) vulnerability.The vulnerability could reportedly cause a crash of older versions of Bitcoin Core if they attempted processing a block transaction that tries to spend the same amount twice. According to Casaba Security co-founder Jason Glassberg, the recent vulnerability found on Bitcoin Core software could “take down the network.” He explained that the network crash “does not appear” to target users’ wallets, but would rather “affect transactions in the sense that they cannot be completed.”
China’s Central Bank Warns Public Of Risks With ICOs, Crypto Trading
The People’s Bank of China has issued a new public notice this week “reminding” investors of the risks associated with Initial Coin Offerings (ICOs) and crypto trading. Today’s notice ,released from the bank’s headquarters in Shanghai, censures the “unauthorized” and “illegal” ICO financing model for posing a “serious disruption” to the “economic, financial and social order.”
German Finance Minister Doubts Whether Crypto Could Ever Replace Fiat
Germany’s Finance Minister Olaf Scholz doubted publicly this week that cryptocurrencies can currently replace traditional fiat currencies. Scholz compared cryptocurrencies to the tulip fever bubble in the Netherlands in the 17th century saying, “and the danger is great that there will be such a tulip inflation,” noting that cryptocurrencies should also be closely observed by regulators, as they could be used for terrorist financing, money laundering or other criminal activities.
Reuters: Brazilians Antitrust Regulator To Inspect Six Major Banks Over Crypto Trade
Brazil’s antitrust regulator, the Administrative Council for Economic Defense (CADE), is reportedly inspecting six major national banks for alleged monopolistic practices in the crypto space, according to Reuters. The probe, which was initiated n the request of the Brazilian Blockchain and Cryptocurrency Association (ABCB) following several complaints, will determine whether the country’s largest banks closed the accounts of brokerages trading in Bitcoin.
Malware Reportedly Stolen From NSA Contributes To Skyrocketing Cryptojacking
Leaked code targeting Microsoft Systems which hackers allegedly stole from the U.S. National Security Agency (NSA) sparked a fivefold increase in cryptocurrency mining malware infections, according to a report from the Cyber Threat Alliance. Eternal Blue, which was reportedly stolen and then used for the infamous cyberattacks WannaCry and NotPetya, has been used by hackers to gain access to computers in order to covertly mine for cryptocurrency, with detections up 459 percent this year.
Prediction Of The Week
Bitcoin To See 30 Percent Rally By End Of 2018, Says Mike Novogratz
Billionaire investor Mike Novogratz predicted this week on Twitter that Bitcoin will see a 30 percent rally by the end of 2018. Stating that the $8,800 to $10,000 threshold would be the the defining moment for institutional investors to enter the space, Novogratz claimed that it is impossible for BTC to not reach the $8,800 to $10,000 price points by the end of the year.
Best Features
Bitcoin Miners Flock To New York’s Remote Corners, But Get Chilly Reception
The New York Times visits Massena — a region formerly filled with American corporations offering unions jobs — that now has one of the state’s highest unemployment rates. However, as the Time notes, the “abundant, cheap electricity flowing from a dam in the St. Lawrence River,” has brought in the cryptocurrency mining companies, bringing mixed reactions from the area’s residents.
No One Knows What to Call the Hottest Cryptocurrency
After Ripple (XRP) saw an unprecedented amount of growth this week, the question arose: what is it really called — Ripple or XRP? While Ripple Labs Inc. notes that the tokens are different than its open-source network, the token did used to be referred to as “ripples (XRP).”
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Weekend Roundup: U.S. Founders Entrusted Elites To Save Democracy From Itself
The word “democracy” does not appear in the U.S. Constitution. Nor in the Bill of Rights or the Declaration of Independence. That is because, as most Americans today would likely be surprised to discover, America’s Founding Fathers not only distrusted democracy but, based on their close reading of Greek and Roman history, were actually hostile to the notion that it was the best system for governing society.
James Madison, the fourth U.S. president and a key author of the Federalist Papers, famously declared: “Democracy is the most vile form of government … democracies have ever been spectacles of turbulence and contention; have ever been found incompatible with personal security or the rights of property; and have in general been as short in their lives as they have been violent in their deaths.” John Adams, the second American president, wrote: “Democracy never lasts long. It soon wastes, exhausts and murders itself. There never was a democracy yet that did not commit suicide.”
Taking into account this central lesson of antiquity, the founders instead designed a mixed constitutional republic that, while rooted in consent of the governed, delegated authority to elites ― representative, indirectly elected and appointed bodies ― that could “refine and enlarge the public views” as ballast against the popular passions of prejudice and the narrow horizons of self-interested constituencies.
For the founders, popular sovereignty unchecked by the cool and reasoned deliberation of the meritorious few would invite majoritarian intolerance of individual and minority rights, degenerate into mob rule and summon tyranny to restore order. “No political truth is certainly of greater intrinsic value,” Madison wrote in The Federalist Papers No. 47.
In an interview with The WorldPost this week, political scientist Francis Fukuyama addresses the conundrum presented to the founders’ idea of governance in the face of 21st century populism. “Populism exists,” he says, “because institutions are elite-driven.” While “institutions in the past have always been controlled by the elites,” he continues, “through the presence of the internet they are losing their power. Maybe democracies don’t work too well without a certain degree of control from elites.”
I would add that the great danger today is conflation by fervent populists of corrupt, out-of-touch and unresponsive elites ― that rightly should be overthrown ― with a learned and experienced elite that any large society needs to govern. As a governing ethos, know-nothingness will get you nowhere.
Yet, as Pankaj Mishra observes in another WorldPost interview, the very foundation upon which elites might rehabilitate their authority has eroded. The Indian author takes the debate to both a deeper and a more global level by examining how the ressentiment against the cosmopolitan caste that has been gestating in the developing world for decades has now erupted in a mutiny against the governing narrative in “the heart of the modern West.” If the Western “truths” that have dominated the world in modern times at the expense of alternative worldviews are now themselves unraveling, where do we go next?
“We are now recognizing that our modern civilization has always been incredibly fragile,” Mishra says, “since it has no recourse to any transcendental truth, as distinct from certain agreed-upon truths. And so while political and economic crises may come and go ― Trump’s presidency may implode tomorrow ― the moral and epistemological breakdown we witness today is more enduring and destructive. I would argue that the naïve people, the free-marketeers and globalizers, responsible for this state of affairs did not know what they were doing ― that they were dismantling a whole system of interlocking and necessary fictions that societies and individuals have needed since the death of God to give a degree of meaning, purpose and stability to their lives.”
The consequence, Mishra argues, is the universalization of nihilism in which the whole notion of “consensual truth” is collapsing. “Nihilism today is the single greatest threat to the modern world since its founding principles of reason, science and progress were formulated,” he concludes. It is not surprising, then, in his view, that “the subjectivization of ‘facts���” and the “fragmentation of ‘truth’” are filling up the vacuum. They are the remainder of the West’s heyday.
Nowhere is the truth these days more malleable than in Russia. Writing from Moscow, Ilya Yashin marks the second anniversary this week of the assassination of his friend and opposition leader, Boris Nemstov. Yashin sees a dangerous campaign to revise recent history and roll back post-Soviet advances in the media and the rule of law in the nationalist revival under Russian President Vladimir Putin. Nick Robins-Early reports that Russian disinformation efforts have a lopsided advantage over Europeans trying to defend the integrity of their discourse as elections loom. He also highlights a speech by Hungarian Prime Minister Viktor Orban this week in which the leader expressed a new angle on nativism ― that “’ethnic homogeneity’ is key for economic success, and that ‘too much mixing causes problems.’”
In a wide-ranging essay, Nicolas Berggruen examines the role of opposition movements. While raucous protests in and of themselves may make a point, he says, they also can create a sense of chaos that “is the greatest gift to parties in power, especially dictators.” Social movements that succeed, by contrast, are characterized by a broadly shared narrative, a plan, organization and leadership, Berggruen argues.
This week the Berggruen Institute also hosted a discussion in Los Angeles with Sapiens and Homo Deus author Yuval Harari. The Israeli historian discussed what it means to be human in an era when we are attaining the power of gods to change our own species and create a new one ― AI. “History began when humans invented gods, and will end when humans become gods,” he says.
Former WorldPost China Correspondent Matt Sheehan looks outside the box on the troubled relations between Washington and Beijing. “The engine room of the U.S.-China relationship,” he writes, “has moved from the White House to City Hall.” While the talk in Washington is of tariffs, American mayors are wooing Chinese investors and immigrants for their local projects.
Writing from Shanghai, Zhang Weiwei argues that political legitimacy comes fundamentally from the competence of leadership, as in the case of the Chinese Communist Party, that fulfills its contract with the people by delivering prosperity and security ― whether they were elected or not.
Eric Olander and Cobus van Staden see a Trump-inspired shift to China coming to Africa as the continent looks to Beijing for stability in the absence of a clear American Africa policy.
Finally, our Singularity series this week asks a question about our pets that we may soon be asking about our children: should we genetically engineer dogs to make them healthier?
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WHO WE ARE
EDITORS: Nathan Gardels, Co-Founder and Executive Advisor to the Berggruen Institute, is the Editor-in-Chief of The WorldPost. Kathleen Miles is the Executive Editor of The WorldPost. Farah Mohamed is the Managing Editor of The WorldPost. Alex Gardels and Peter Mellgard are the Associate Editors of The WorldPost. Suzanne Gaber is the Editorial Assistant of The WorldPost. Katie Nelson is News Director at The Huffington Post, overseeing The WorldPost and HuffPost’s news coverage. Nick Robins-Early and Jesselyn Cook are World Reporters. Rowaida Abdelaziz is World Social Media Editor.
EDITORIAL BOARD: Nicolas Berggruen, Nathan Gardels, Arianna Huffington, Eric Schmidt (Google Inc.), Pierre Omidyar (First Look Media), Juan Luis Cebrian (El Pais/PRISA), Walter Isaacson (Aspen Institute/TIME-CNN), John Elkann (Corriere della Sera, La Stampa), Wadah Khanfar (Al Jazeera) and Yoichi Funabashi (Asahi Shimbun).
VICE PRESIDENT OF OPERATIONS: Dawn Nakagawa.
CONTRIBUTING EDITORS: Moises Naim (former editor of Foreign Policy), Nayan Chanda (Yale/Global; Far Eastern Economic Review) and Katherine Keating (One-On-One). Sergio Munoz Bata and Parag Khanna are Contributing Editors-At-Large.
The Asia Society and its ChinaFile, edited by Orville Schell, is our primary partner on Asia coverage. Eric X. Li and the Chunqiu Institute/Fudan University in Shanghai and Guancha.cn also provide first person voices from China. We also draw on the content of China Digital Times. Seung-yoon Lee is The WorldPost link in South Korea.
Jared Cohen of Google Ideas provides regular commentary from young thinkers, leaders and activists around the globe. Bruce Mau provides regular columns from MassiveChangeNetwork.com on the “whole mind” way of thinking. Patrick Soon-Shiong is Contributing Editor for Health and Medicine.
ADVISORY COUNCIL: Members of the Berggruen Institute’s 21st Century Council and Council for the Future of Europe serve as theAdvisory Council — as well as regular contributors — to the site. These include, Jacques Attali, Shaukat Aziz, Gordon Brown, Fernando Henrique Cardoso, Juan Luis Cebrian, Jack Dorsey, Mohamed El-Erian, Francis Fukuyama, Felipe Gonzalez, John Gray, Reid Hoffman, Fred Hu, Mo Ibrahim, Alexei Kudrin, Pascal Lamy, Kishore Mahbubani, Alain Minc, Dambisa Moyo, Laura Tyson, Elon Musk, Pierre Omidyar, Raghuram Rajan, Nouriel Roubini, Nicolas Sarkozy, Eric Schmidt, Gerhard Schroeder, Peter Schwartz, Amartya Sen, Jeff Skoll, Michael Spence, Joe Stiglitz, Larry Summers, Wu Jianmin, George Yeo, Fareed Zakaria, Ernesto Zedillo, Ahmed Zewail and Zheng Bijian.
From the Europe group, these include: Marek Belka, Tony Blair, Jacques Delors, Niall Ferguson, Anthony Giddens, Otmar Issing, Mario Monti, Robert Mundell, Peter Sutherland and Guy Verhofstadt.
MISSION STATEMENT
The WorldPost is a global media bridge that seeks to connect the world and connect the dots. Gathering together top editors and first person contributors from all corners of the planet, we aspire to be the one publication where the whole world meets.
We not only deliver breaking news from the best sources with original reportage on the ground and user-generated content; we bring the best minds and most authoritative as well as fresh and new voices together to make sense of events from a global perspective looking around, not a national perspective looking out.
— This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.
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