The Weekly TEA — Issue #2

Third Eye Array [TEA] — An ICONOMI DAA

Everything on and about TEA, a Digital Asset Array (DAA) on Iconomi. Your source for weekly updates on assets contained in the array and general crypto news. Carefully curated and summed up only for You.

Crypto 🌍 News

Coinbase: New Token Submission Process 🗳

Anyone can apply for token submission without application fee.
I hope they have an AI processing those applications…

“Coinbase states that the new process will allow it to “list most assets over time that meet our standards.”

Is India missing out? 🛑

India supreme court examines petition against Central bank of India (RBI) crypto ban.

Just three days later ZEBPAY, one of largest crypto exchanges, is shutting down.

“The curb on bank accounts has crippled our, and our customers’, ability to transact business meaningfully. At this point, we are unable to find a reasonable way to conduct the cryptocurrency exchange business,” Zebpay said in a blog post.

Bakkt reveals physical Bitcoin Futures 🔥

Institutional investors are able to buy bitcoin futures contracts that result in buying 1 bitcoin/day/contract. Great news for liquidity and adoption!

Another fully regulated Crypto Bank 🏦

Former UBS Executive raises $104M to operate ‘Seba’ — a regulated crypto bank.

DAA Core Component — Monero [XMR]

Bulletproof Release in October! 💎

This release will see a decrease in transaction fees and size (up to 83%) which ultimately leads to a more and better usable trust less & private payment network. There is a countdown available HERE.

Ledger (hardware wallet) support 🔐

However still tricky, almost impossible for new users, to setup. Good thing Iconomi takes care fo this!

Critical Bug immediately patched 💊

“Notably, the bug has not affected the protocol or the coin supply. XMR developers subsequently created and included a patch in the code, which was announced via XMR’s official Twitter account[..]”

Prime example of self organising decentralised teams 🌍

The Monero Malware Workgroup was founded to limit and obstruct malware miners, even though:

“[…] Unfortunately, the Monero network itself actually benefits by having a wide set of stakeholders mine, […] However, the Monero community does not want to sit idly by as victims struggle to understand the impact of mining and ransomware. Most of these victims have no idea what mining and Monero are.”

No one is paying these individuals to offer this service, a sign of a strong & healthy community!

“The Monero Malware Workgroup is a self-organized set of volunteers that maintains these resources and provides live support. In the future, we will provide support from our website directly, but you can interact with our volunteers today at #monero-mrw, accessible on Freenode, Riot/Matrix, Mattermost, and Slack. “

DAA Layer 1 Component — Basic Attention Token [BAT]

Community building 💪

Brave is setting a new standard in community building by announcing the
“Best of Brave” — Video contest for online creators — with 100k BAT for creative heads to grab!

Brave is roaring 🦁

BAT powered browser Brave reaches 10M downloads (in Google Play Store) and announces BRAVES AD TRIAL a 28-day-experiment for public participation — of course I’m in!

“Brave is conducting an experiment to calibrate the machine learning model in Brave which selects which advertisements to show and when to show them.”

As if that wasn’t enough Brave also announced a partnership with Quant, a privacy focused search engine and the BETA RELEASE of the redesigned Brave desktop browser which includes Webtorrent, Tor private browsing support, and much more!

Additional DAA Components

ICONOMI [ICN] — a New Beginning 🎉

In order to offer tokenized equity and a transparent corporate governance Iconomi is introducing the eICN token, which will offer said features. Holders of current Iconomi [ICN] tokens can decide if they want to exchange them for eICN or for Ether, which will replace the utility function of the ICN tokens.

Everyone is excited for the Delta Summit in Malta, I’ll be there and so should You! If you can’t make it, just send or post your questions or feedback and I’ll be sure to cater to them in my periscope interview on the summit!
Iconomi announced the DELTA SUMMIT INDEX, capturing the event sentiment in a brand new DAA.

Steemit [STEEM] Hardfork is in progress 🍴

Resource budget is being multiplied by 10 to act on user feedback that voiced issues with growing networks due to limited operations on the blockchain.
Full functionality is restored in the next 24 hours, after auditing the code.

WAVES Platform [WAVES] Smart Contract functionality launched 🔖
In order to use the Smart Contracts on the Waves platform in enterprise or real world environments, it was decided to make them non-turing complete. That way developers cleverly “avoid constructions whose complexity cannot be predicted”.
Smart Contracts on WAVES are endowed with the following features: Multi-Signature wallets, atomic swaps, token freezing, whitelist voting, and most interesting data oracles!

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