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The Interchain Foundation (ICF) raised $17 million in April 2017 to shepherd the development of the Cosmos network, a system for making blockchains talk to each other.
Following the sale of its ATOM token, the ICF has funded a cast of supporting players, like Agoric Systems Operating Company (which the ICF invested in for traditional equity) and Tendermint, to build the underpinnings of the project’s interoperable aspirations: the Inter-Blockchain Communication (IBC) protocol.
The goal is to be well-positioned for a multi-chain future.
“I could have a contract on one chain participating in selling assets on another chain, selling it to a private consortium in another stack on some other platform,” explained Agoric CEO Dean Tribble.
But while the technology is still under development, the ATOMs sale has proven remunerative nonetheless.
“We initiated a hedging strategy to roughly hold half the crypto...
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- Conflict will be characterised by Washington’s use of ‘long-arm jurisdiction’, such as blocking firms like Huawei and ZTE, Lou Jiwei tells forum in Beijing US has been ‘hijacked by nationalism and populism’ and is resorting to ‘bullying’, he says
For the better part of the last year, I have been bearish on U.S. Treasury yields (rolling call spreads read here), and until very recently that has been the right view. In a post on Sept 16th (read here) I spoke about the most recent drop in yields and what that meant for the TLT, the iShares 20-year Treasury Bond etf:
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You can add location information to your Tweets, such as your city or precise location, from the web and via third-party applications. You always have the option to delete your Tweet location history. Learn more
More than six months after the China National Development and Reform Commission proposed to categorize bitcoin mining as an industry to be phased out from the country, it appears the agency has now scrapped that plan.
The National Development and Reform Commission (NDRC), a top-level economic planning agency under China’s State Council, published a finalized new Catalog for Guiding Industry Restructuring on Wednesday that will take effect from Jan 1, 2020.
In the final version, which will replace the current one published in 2011, the agency has removed bitcoin mining or other virtual currency mining activities from the initially proposed category of industries that should be eliminated from China. Description related to virtual currency or bitcoin mining can’t be found in the finalized catalog.
Formally established in 1998, the NDRC is now one of the 26 cabinet-level departments which all together...
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