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rjzimmerman · 4 years ago

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Yeah, those treaties that we have consistently and persistently ignored to the detriment of Native Americans may offer an important oooomph element to make progress on environmental issues when the politicians don’t want to do anything. Nothing like a treaty with its constitutional protections to force hands. Think of the irony of it all.

Excerpt from this story from The Pew Charitable Trusts:

Federal and state officials signed nearly 400 treaties with tribal nations in the 18th and 19th centuries. Threatened by genocidal violence, the tribes signed away much of their land. But they secured promises that they could continue to hunt, fish and gather wild food on the territory they were giving up. Many treaties also include cash payments, mineral rights and promises of health care and education.

For the most part, the U.S. has ignored its obligations. Game wardens have targeted and arrested tribal members seeking to exercise their hunting and fishing rights. Governments and private interests have logged and developed on hunting grounds, blocked and polluted waterways with dams and destroyed vast beds of wild rice.

If Native treaty rights had been honored, the natural landscape of the U.S. might look very different today.

In recent years, some courts, political leaders and regulators have decided it’s time to start honoring those treaty obligations. Some legal experts think that asserting these rights could prevent—or even reverse—environmental degradation.

The foundation for contemporary treaty claims is a landmark 1974 case known as the Boldt decision, a ruling issued in a federal district court and upheld by an appeals court. The case affirmed that tribes in Washington state have a right to fish for salmon in off-reservation waters. It forced the state to abandon its attempts to block Native fishing, making the tribes co-managers of Washington’s fisheries along with state wildlife officials.

“It started bringing to light the fact that these treaties aren’t ancient history,” said John Echohawk, founder and executive director of the Native American Rights Fund, a tribal advocacy group that successfully litigated the case. “They're the supreme law of the land. If the courts are going to be enforcing those rights, [political leaders] have got to pay attention.”

Treaty rights earned another milestone victory in 2018, with another case involving Washington tribes that reached the U.S. Supreme Court. That year, the court ordered the state to rip out and replace about 1,000 culverts that blocked the passage of migrating salmon, at a cost of billions of dollars. The ruling held that Washington couldn’t uphold its treaty obligations to the tribes simply by allowing access to waters where it had already destroyed the fishery.

Legal experts say that decision has changed the landscape—motivating political leaders in many states to consider whether their decisions could affect treaty-protected hunting, fishing or gathering rights.

#Native Americans #Indian treaties #environment

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yogafordaystda · 4 years ago

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studypurly · 2 years ago

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DMFT Recruitment 2022 for 138 Vacancy of Doctors

DMFT Various Vacancy Recruitment 2022 District Mineral Foundation Trust (DMFT), Jharkhand has published a notification for the recruitment of gynaecologists, ENT specialists & Other vacancies. Moreover, DMFT Recruitment 2022 is a good vacancy for doctors. Thus, the candidates should check all the things in the notification before filling out the offline form. Name of the Post: DMFT Various…

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alwaysfirst · 2 years ago

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Govt to organize conclave on mines, minerals, Amit Shah to be chief guest

Jul 09, 2022 12:26 IST New Delhi , July 9 (AF): The Ministry of Mines will organize the 6th edition of the National Conclave on Mines and Minerals as part of the Azadi ka Amrit Mahotsav week celebrations on July 12, 2022, a Ministry of Mines statement said on Saturday. Union Home Minister Amit Shah will be the chief guest of the conclave to be organized at the Dr. Ambedkar International Centre in New Delhi. Union Minister of Mines, Coal, and Parliamentary Affairs Pralhad Joshi will inaugurate the one-day conclave. Some of the highlights of the conclave include the conferring of the national-level award Rashtriya Khanij Vikas Puraskar to the best performing States in the field of mining, the launch of three modules of Mining Tenement System (MTS), awards for 5-Star rated mines for the year 2020-21 and National Geo Science Awards-2019. A technical session by National Mineral Exploration Trust (NMET) and a session on automation in mining will be held as part of the inaugural session of the conclave, where chief executives of various mining companies shall brainstorm on important issues pertaining to India's mining sector. The award ceremony will include presenting new mine blocks to State governments and the Ministry of Coal and providing incentives to State governments for successful auction and identification of blocks. Districts that are performing well under District Mineral Foundation Trust (DMF) will be showcasing their achievements during the conclave. A digital kiosk showcasing an exhibition on the development of exploration and mining during the last 75 years will be on display during the conclave, and a life-size digital booklet depicting reforms undertaken in the mining sector will be yet another attraction at the conclave. (AF) Read the full article

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bharatlivenewsmedia · 3 years ago

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What a Scathing Audit on Mining in Jharkhand Tells Us About CAG's Toothlessness

What a Scathing Audit on Mining in Jharkhand Tells Us About CAG’s Toothlessness

What a Scathing Audit on Mining in Jharkhand Tells Us About CAG’s Toothlessness A recently concluded performance audit on the functioning of District Mineral Foundation (DMF) Trusts in Jharkhand has indicted the state’s Mining and Geology Department for failing to furnish the actual figures of collections from mining leaseholders. Bringing the sad state of affairs to public notice, the national…

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#about #audit #cag&8217;s #india #jharkhand #mining #news #scathing #tells #toothlessness #what

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townpostin · 4 months ago

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Adivasi Kisan Mazdoor Party Stages Protest in Chaibasa for Implementation of PESA Law

District Council members demand rightful share in DMFT funds and proper implementation of PESA law through a rally and sit-in protest. Key Points: – Tribal Party demands PESA law enforcement and rights for panchayat representatives. – Protesters seek inclusion in District Mineral Foundation Trust (DMFT) fund distribution. – Council members request the use of DMFT funds by village committees for…

#Adivasi Kisan Mazdoor Party #राज्य #Chaibasa #District Council #DMFT fund #Jagannathpur #Jhinkpani #John Miran Munda #Manjharia #Panchayat Representatives #PESA law #state #Tribal Rights

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weekinethereum · 6 years ago

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August 2, 2018

News and Links

Protocol

Vitalik proposed a three-stage beacon chain plan. To make the roadmap more incrementalist, we assume a fixed validator set in stage 1, and introduce the dynasty transition in stage 3.

Sharding p2p POC in libp2p

Boneh, Bünz, Fisch: survey of 2 VDFs

Latest Casper standup

Casper v Ouroboros in two parts

Latest ewasm call

Fichter: Why is EVM on Plasma hard? (Also: Parsec’s EVM on EVM)

Plasma Cash verification cost thread

Latest core devs call. Lane’s notes

Everything you need to know about the Trinity Ethereum client - the history, why Python, and how it is good for research prototyping

Intro to the Nimbus Ethereum 2.0 client from Status

Stuff for developers

Liam Horne: Counterfactual state channel applications. Github

Connext on real world implementation of virtual channels; currently live on Spankchain mainnet for testing

Etherlime v0.6 - dev framework based on ethers.js, faster compile and test

“A quick example of how to set up Truffle and Ethers.js with the new experimentalABIEncoderV2”

Ethereum gas golf talks from Nick Johnson and Zachary Williamson

whisper-tools stand-alone API wrapper over shh RPC calls

How to prepare your dapps for uPort’s standards based identity

Sourabh Niyogi’s Go implementation of Vitalik’s STARK code

Mobius ring signatures code

Why mainstream languages are no good at smart contract programming

TheGraph is now opensource

Brief EthQL tutorial

AnalyseEther - “real-time data analysis” in your browser

Péter Szilágyi warns of dapp hijacking using dormant service workers and localhost

ENS Toolkit, and ENS Q&A with Nick Johnson

Orion: private transaction manager for EEA spec in Java from PegaSys

video tutorial intro to Dapphub’s KLab debugger in K framework

Release

Geth v1.8.13 with Swarm v0.3.1 - maintenance release. Combo geth/swarm releases from now on.

Live on mainnet

Enjin’s ERC1155 is live on mainnet to tokenize game assets. FreeMyVunk lives!

Ecosystem

Devcon4 call for speakers, workshop leaders and breakout room hosts

Game theory behind FoMo3d and speculative exit scenarios

Open source block explorer call #10

Trusted execution environments for Ethereum nodes, from Intel’s Sanjay Bakshi and ConsenSys’s Andreas Freund

imToken 2.0

Gnosis Safe - also video of interacting with a dapp using Gnosis Safe

Governance and Standards

Eric Conner: a case for Ethereum block reward reduction. There’s an Etherchain coinvote (hardly perfect, must use MyCrypto/MEW) on the subject where 50k ETH has vote nearly unanimously to decrease block rewards to miners. There’s also proposal variations like 1276 (delete bomb, 2 ETH) and 1277 (2 ETH). There’s wide support for issuance reduction, the question is about magnitude of reduction, how long should the bomb be delayed, and should an anti-ASIC measure be included.

signaling for Ethereum proposals should not be formalized

EIP1285: increase the Gcallstipend fee parameter in the CALL OPCODE from 2,300 to 3,500 gas

EIP1283: Net gas metering for SSTORE without dirty maps

ERC1271: Standard signature validation method for contracts

ERC1288: Get contract return values from transaction recepts

Next hardfork issue tracker

Project Updates

Golem v0.17.0. Also, guide to Trusted Computations, part 1

365 days of Iconomi platform - cool graphic recapping last year

Underwriters in Dharma protocol

DopeRaider launches on POANetwork and teaches people how to move assets

Dappos - point of sale Eth register for mobile

Reporters.chat to promote Augur reporting standards

MakerDAO governance risk framework, pt 2

Jarrad’s letter to Status

Digix currently has a coinvote on how much Digix is required to be a proposal moderator and how much the mod will be rewarded

Interviews, Podcasts, Videos, Talks

Swarm Orange Summit videos

Lane Rettig talks governance and scalability on BlockCrunch

Dmitry Buterin podcast interview

Livepeer’s Eric Tang talks offchain computation on Zero Knowledge

Modular’s Chris Brown and Will Dias on Hashing It Out

More Dappcon vids are out, including my talk on governance

Binary District state channels event videos

Tokens

Neufund has a security token newsletter - this issue focused on exchanges

Livepeer open claim period has started. Pay the gas to MerkleMine for others and get rewarded

Alex Van de Sande’s idea for tokenized sustainable communities on Reddit

Better information with curation markets slides

General

Validating on Polkadot POC2 when everyone has been slashed

List of Cosmos and Tendermint projects

Zilliqa’s Scilla language is open sourced

Binance buys Trust Wallet

EthNews interview with SEC Commissioner Hester Peirce on her ETF dissent and being open to innovation

Bitcoin use in commerce is down more than 80% in last 9 months

John Backus argues filesharing teaches us to only decentralize what is necessary and how bittorrent came from behind to win

Blockchain innovation in Europe paper from EU Blockchain Forum

Dates of Note

Upcoming dates of note:

August 7 - Devcon4 tickets, wave 2

August 7 - Start of two month distributed hackathon from Giveth, Aragon, Swarm City and Chainshot

August 10-12 - ETHIndia hackathon (Bangalore)

August 10-12 - ENS workshop and hackathon (London)

August 22 - Maker DAO ‘Foundation Proposal’ vote

August 24-26 - Loom hackathon (Oslo, Norway)

September 6 - Security unconference (Berlin)

September 7-9 - ETHBerlin hackathon

September 7-9 - WyoHackathon (Wyoming)

September 8 - Ethereum Industry Summit (Hong Kong)

September 15-16 - Kiev DappDev hackathon

Oct 5-7 - TruffleCon in Portland

Oct 5-7 - ETHSanFrancisco hackathon

Oct 11 - Crypto Economics Security Conf (Berkeley)

Oct 22-24 - Web3Summit (Berlin)

Oct 26-28 - Status hackathon (Prague)

Oct 29 - Decentralized Insurance D1Conf (Prague)

Oct 30 - Nov 2 - Devcon4 (Prague)

Dec 7-9 - dGov distributed governance conf (Athens)

December - ETHSingapore hackathon

If you appreciate this newsletter, thank ConsenSys

This newsletter is made possible by ConsenSys, which is perpetually hiring if you’re interested.

Editorial control is 100% me. If you're unhappy with editorial decisions, feel free to tweet at me.

Shameless self-promotion

Link: http://www.weekinethereum.com/post/176555527898/august-2-2018

Most of what I link to I tweet first: @evan_van_ness

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#Ethereum #bitcoin #blockchain #Cryptocurrency #buidl

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khalilhumam · 5 years ago

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District Mineral Foundation funds crucial resource for ensuring income security in mining areas post COVID-19

New Post has been published on http://khalilhumam.com/district-mineral-foundation-funds-crucial-resource-for-ensuring-income-security-in-mining-areas-post-covid-19/

District Mineral Foundation funds crucial resource for ensuring income security in mining areas post COVID-19

By Srestha Banerjee The Prime Minister of India held a meeting on April 30, 2020 to consider reforms in the mines and coal sector to jump-start the Indian economy in the backdrop of COVID-19. The mining sector, which is a primary supplier of raw materials to the manufacturing and infrastructure sectors, is being considered to play a crucial role for the resurgence of the economy post the lockdown and in the coming years. While several reforms are being mulled over to boost mining businesses, the Centre and the state Governments also need to consider boosting local livelihoods. In the context of mining districts, the District Mineral Foundation (DMF) funds can be used for prioritising livelihood generation and creating local jobs. The Prime Minister in the latest meeting has also discussed the scope of improving “community development activities” through the fund.[1] DMF was instituted in March 2015, under the Mines and Minerals (Development and Regulation) Amendment Act 2015. It has been conceptualised as a benefit-sharing mechanism with mining-affected communities, recognising them as partners in natural resource-led development. Set up as a non-profit trust in all mining districts of India, DMF comes with the precise objective to ‘work for the interest and benefit of people and areas affected by mining’, through a participatory process. In September 2015, the Centre further aligned DMF with the Pradhan Mantri Khanij Kshetra Kalyan Yojana (PMKKKY) scheme, to implement various developmental projects and welfare programmes in mining-affected areas using DMF funds.[2] Livelihood and income generation is a key issue that DMFs need to focus on for mining-affected communities across the country. This has been emphasised through the MMDR Amendment Act 2015 and the respective State DMF Rules developed under it, as well as the PMKKKY scheme. The emphasis comes in three ways. Firstly, considering the fact that mining-related activities lead to significant displacement and loss of livelihoods in these areas, the law specifically notes that people who have lost their land rights (including user and traditional rights) due to mining or whose livelihood has been affected by such activities, constitute DMF beneficiaries. Secondly, one of the defined objectives of PMKKY is to ensure long-term sustainable livelihood for the people affected by mining. Finally, following the PMKKKY guidelines, livelihood and skill development have been recognised as ‘high-priority’ issues under all state DMF Rules on which districts must invest adequately. Besides regulatory prerogative, the economic situation in the mining districts also clearly point out why income generation and creation of diverse livelihood opportunities should be a focus of DMFs. For example, in most of the mining districts, particularly in the rural areas where most mines are located, the income level among the local population is extremely low. As per socio-economic caste census of the Government of India, in a majority of these districts, 80 to 90% of the rural households have the highest earning member getting below Rs. 5,000 per month (Table 1: Distribution of household earnings in rural areas of some top mining districts). What adds to the low-income levels is the income uncertainty, as more than 50% of the workforce comprise of manual and casual labourers in these districts. Poverty and uncertainty of income also undermines the access to adequate food, proper healthcare, education and all such basic needs. Table 1: Distribution of household earnings in rural areas of some top mining districts

State

District

Households having monthly income of highest earning household member less than Rs. 5,000 (%)

Households having monthly income of highest earning household member between Rs. 5,000 to10,000 (%)

Households having monthly income of highest earning household member more than Rs. 10,000 (%)

Odisha

Keonjhar

90.6

5.2

4.2

Sundargarh

89.8

5.4

4.8

Jharkhand

West Singhbhum

53.8

37.3

8.9

Chatra

83.2

11.8

5.0

Chhattisgarh

Dantewada

94.7

3.1

2.2

Korba

91.3

4.4

4.3

Rajasthan

Bhilwara

82.5

11.8

5.5

Chittorgarh

84.0

10.5

5.5

Madhya Pradesh

Singrauli

86.5

9.9

3.6

Satna

82.3

11.7

6.0

Telangana

Karimnagar

78.8

17.0

4.2

Khammam

74.6

21.4

4.0

Karnataka

Bellary

72.0

20.3

7.7

Gulbarga

47.5

30.9

21.6

Maharashtra

Yavatmal

74.9

15.9

9.2

Chandrapur

79.7

10.6

9.7

Source: Socio economic caste census, 2011, Government of India Neglected so far, livelihood investments must now be a priority for DMFs Despite the mandate to improve livelihood and income among communities in the mining-affected areas, DMFs in almost all mining states have failed to make the required investments on this extremely important sector so far. For instance, in most of the top mining states, the funds earmarked for livelihood and skill development are negligible compared to the total cumulative accrual of DMF funds (Table 2: Allocation of DMF funds for skill development and livelihood in top mining states). The allocation towards this account for only 0-4% of total allocations for various developmental works in these states. [3] Table 2: Allocation of DMF funds for skill development and livelihood in top mining states

State

Total DMF accrual

(Rs. Crore)

Allocation for livelihood and skill development

(Rs. Crore)

Odisha

9,772

196.0

Jharkhand

5,305

Chhattisgarh

5,115

456.3

Rajasthan

3,628

Madhya Pradesh

2,938

No information available

Telangana

2,790

80.0

Karnataka

1,885

62.0

Maharashtra

1,791

48.0

Source: Ministry of Mines, Government of India, DMF fund status up to February 2020 and State Government mining departments. [4] The course must now be corrected. As policymakers at the Centre and state levels discuss relief measures for the poorest and reviving their income, they have an opportunity to strengthen implementation of key programs like PMKKKY and DMF to improve the ground situation. For this, the Centre and respective state governments need to provide clear directions to all districts. With more than Rs. 36,858 crores in DMFs across the country, the potential of this fund is enormous for improving socio-economic conditions of local communities in the mining districts. As we start a new financial year, it is also the time for DMFs to start planning and budgeting for the 2020-2021. The law requires DMFs to undertake such annual planning considering the situation on the ground and capturing the need and aspirations of local communities. For DMFs in all districts, much attention must be paid to skill development and providing other resource support for sustainable income generation. This, as noted earlier, is also enshrined in the third objective of PMKKKY and a priority component of all State DMF Rules.[5] Considering the potential of local skills and resources, employment opportunities can be improved through multiple means. For example, incentivising livelihood opportunities around local resources such as forest products can be helpful as many of the mining areas are rich in forests. In fact, the Government of India last week announced raising of minimum support price (MSP) for 49 varieties of minor forest produces, including wild honey, tamarind, mahua flowers and seeds, lac, sal leaves etc., in view of circumstances arising out of Covid-19.[6] DMF funds can further be used to support market linkages for these produces and their products to ensure better economic value for the goods. Besides, agro and horticulture-based industries should be developed which will be relevant to the knowledge and skills of the local people. Providing support to women self-help groups (SHGs) on micro enterprises such as poultry farming, dairy, sericulture, handicrafts, handlooms, etc. will also be important to improve women participation in the workforce. At the same time creating a workforce for various occupations including health care givers through proper training will be crucial for supporting income as well as bridging resource gaps in primary healthcare. DMFs in various states and districts cannot afford to put the issue of livelihood in the backseat anymore. Given the urgency of the economic situation the states and districts must shore-up investments towards this. With reviewers’ inputs from Prof Rajesh Chadha, Program Director, Natural Resources, Brookings India. [1] Official website of Shri Narendra Modi, Prime Minister of India, April 30,2020, PM Modi hold a meeting to discuss ways to boost coal and mining sector, as available from https://www.narendramodi.in/prime-minister-narendra-modi-holds-a-meeting-to-discuss-ways-to-boost-coal-mining-sector-549490 [2] Srestha Banerjee, April 6, 2020, Utilising District Mineral Foundation funds to fight the COVID-19 crisis in India: Current and future opportunities, as available from https://www.brookings.edu/blog/up-front/2020/04/06/utilising-district-mineral-foundation-funds-to-fight-the-covid-19-crisis-in-india-current-and-future-opportunities/ [3] Srestha Banerjee et al, 2018, People First: District Mineral Foundation (DMF), Status Report 2018, Centre for Science and Environment, New Delhi. [4] The sector specific allocation data was collected by the author during research in December 2019, for contribution to the report District Mineral Foundation (DMF): Implementation Status and Emerging Best Practices, Centre for Science and Environment, New Delhi, as available from https://www.cseindia.org/dmf-implementation-status-and-emerging-best-practices-10057 [5] Ministry of Mines, Government of India, Order dated September 16, 2015, Pradhan Mantri Khanij Kshetra Kalyan Yojana (PMKKKY), as available from https://mines.gov.in/writereaddata/UploadFile/PMKKKY%20Guidelines.pdf [6] Ministry of Tribal Affairs, Government of India, order dated May 1, 2020, as available from http://pibphoto.nic.in/documents/rlink/2020/may/p20205101.pdf

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bitsevenenglish-blog · 6 years ago

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Hodler’s Digest, March 4–10: Top Stories, Price Movements, Quotes and FUD of the Week

Top Stories This Week

Research: ‘Free’ Electricity for Students Makes College Campuses Major Crypto Miners

According to research from tech conglomerate Cisco, college campuses are the second-largest crypto miners across industry verticals. The researchers investigated crypto mining activities across a variety of industries, finding that university campuses are ranked the second-biggest miners of digital currency at 22 percent, with the energy and utilities sector in first at around 34 percent. According to the research, the increasing mining difficulty for many cryptocurrency means that a higher amount electricity is needed, making it profitable for students to mine since the university pays their electricity costs.

‘Coffee for Bakkt’? Starbucks Equity Deal Will See Crypto-Based Payments, Source Claims

An unconfirmed report about Starbucks’ partnership with United States digital asset platform Bakkt this week has revealed that the coffee giant will allegedly accept Bitcoin-based payments after an equity deal. Starbucks had become a founding partners in Bakkt when it was revealed in August 2018, but had shut down rumors that it would be accepting BTC for coffees. Now, an unnamed source has said that the chain will accept Bitcoin through Bakkt’s software, but it will instantly convert the crypto into fiat, so that Starbucks will never actually hold any cryptocurrency.

Crypto Lending Company BlockFi Launches Crypto Accounts With Bitcoin and Ethereum Support

BlockFi, a crypto wealth management and lending firm, has launched new cryptocurrency accounts supporting both Ethereum (ETH) and Bitcoin (BTC), with 6 percent annual interest paid monthly in crypto. According to this week’s announcement, the interest earned in the BlockFi accounts compounds monthly, with results in an annual percentage yield of 6.2 percent. As well, the accounts are not entirely newly created, as they have been in private beta since the beginning of 2019 and reportedly already hold more than $10 billion in assets. The accounts are custodied at the Gemini Trust Company (Gemini – the custodian of the crypto exchange lead by the Winklevoss Twins), which is regulated by the New York State Department of Financial Services.

Twitter CEO Jack Dorsey Alludes to Spending $10,000 a Week on Bitcoin

Jack Dorsey, the CEO of both Twitter and Square, hinted in a podcast interview this week that he has been spending $10,000 per week on Bitcoin. When talking about the idea of “Stacking Sat Saturday” — a trend where users buy $25 in BTC every week to both promote and show crypto adoption — Dorsey noted that “[he] saw that [Stacking Sat Saturday] on Twitter […]”. “I would have participated but I have already exceeded my limit on CashApp. I can’t purchase anymore,” – he said. Since the maximum weekly buy limit on Square’s CashApp is $10,000, Dorsey’s statement implies that he spent $10,000 on cryptocurrency, probably Bitcoin, in one week. Dorsey further noted that he will be able to join the Stacking Sat Saturday next week.

Coinbase CEO: Ex-Hacking Team Neutrino Members Will Transition out of Company Roles

This week, co-founder and CEO of major United States crypto exchange and wallet CoinbaseBrian Armstrong said that all staff at Neutrino with prior connections to controversial software firm Hacking Team will transition out of their new roles at Coinbase. The major crypto exchange had experienced backlash after announcing the acquisition after it came to light that several Neutrino members had worked with Hacking Team, which has been accused of selling tracking software to authoritarian regimes. Armstrong acknowledged in his statement that Coinbase did not properly evaluate the team from the perspective of their mission.

Winners and Losers

The crypto markets have seen a relatively stable week, with Bitcoin trading at $3,932, Ethereum at $136 and Ripple at $0.31. Total market cap is around $133 billion.

The top three altcoin gainers of the week are Indorse Token, ICE ROCK MINING and 4NEW. The top three altcoin losers of the week are dietbitcoin, Freicoin and ILCoin.

For more info on crypto prices, make sure to read Cointelegraph’s market analysis.

Most Memorable Quotations

“If that functionality Create2 had existed at the time, there wouldn’t have been a vulnerability, basically.”

Jutta Steiner, Parity CEO, speaking about the Parity multisig freeze

“The Morgan Creek Digital team will fly to meet them [Kroger team] and get them hooked up with the Lightning Network nationwide.”

Anthony Pompliano, Morgan Creek Digital founder, tweeting to Kroger after one of its retail chains stopped accepting Visa

“Cryptocurrencies are a great idea, but the world is not ready for them yet.”

Eugene Kaspersky, the CEO of cybersecurity giant Kaspersky

“Let’s think about this. [JPM] announced the JPM Coin for institutional customers. If you give them a dollar as deposit, they’ll give you a JPM Coin, that you then can move in the JPM ledger. Wait a minute, just use the dollar! I really don’t understand [...] what problem that solves.”

Brad Garlinghouse, Ripple (XRP) CEO, talking about the JPM Coin

"I don't think this will turn out to be a complete delusion."

Niall Ferguson, British economic and financial historian, talking about crypto

“Cryptocurrency as a technology has absolutely no basis for success, and the mother of all bubbles is now bust.”

Nouriel Roubini, economist and cryptocurrency critic

FUD of the Week

Bloomberg: Crypto Companies Still Run Into Trouble Opening Bank Accounts

A Bloomberg report this week found the companies in the cryptocurrency industry are still having trouble opening bank accounts. According to various companies cited, banks are reluctant to grant accounts to those working in the crypto industry because “it’s a massive compliance headache that they don’t want to put the resources in to solve.’’ Giving some examples, Bloomberg referred to crypto payment processor BitPay specifically having trouble opening accounts. Bloomberg also quoted Silvergate Bank’s November 2019 IPO filing that noted that crypto businesses have as much as $40 billion to deposit.

NEM Foundation Releases Restructuring Plan Amid Financial Difficulties

The NEM Foundation released a financial and organizational plan for restructuring this week, in the wake of previous news that the foundation was running low on its native XEM tokens. According to the announcement, the foundation intends to set up a transformation task force in order to work on short term goals, like the development of weekly and monthly reporting structures, as well as scorecards for grading employee performance. The foundation also noted that they have hired SDK developers in order to fund the expansion of its current SDKs to include Python, PHP and Unity in addition to the current Javascript and Java.

US District Attorney Charges OneCoin Founders With ‘Billions’ in Alleged Fraud

The founders of an international cryptocurrency pyramid scheme have been charged with fraud by the U.S. Attorney Office of the Southern District of New York. The two leaders of OneCoin, Konstantin Ignatov and his sister Ruja Ignatova, were arrested this week in Los Angeles under the charges of wire and securities fraud, as well as money laundering, as part of their business that reportedly lured investors into spending billions of dollars on a fraudulent cryptocurrency. The U.S. investigation reportedly found that OneCoin generated almost $4 billion in sale revenue in the fourth quarter of 2014 and the third quarter of 2016, with profits of around $2.5 billion.

Best Cointelegraph Features

Unpacking Schnorr Signatures: Blockstream’s MuSig to Improve Bitcoin Transactions?

As any major changes to Bitcoin’s protocol are always met with controversy and discussion in the crypto community, Cointelegraph examines in this analysis the potential benefits of Blockstream’s new Schnorr-based multisignature scheme on the Bitcoin blockchain.

The SEC’s Guidelines and Statements Show That It’s Slowly Learning to Accept ICOs

United States Securities and Exchange Commission (SEC) has had a varied approach to cryptocurrencies, with much debate about their classifications as securities. However, there are signs that the securities regulator is becoming more accepting of ICOs. In this analysis, Cointelegraph looks at how the SEC’s position on ICOs has changed.

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