1) New way to create return from Crowd Machine compute tokens
The operator of a solution for developing and running decentralized apps, called Crowd Machine, has revealed details of how Crowd Machine Compute Token owners (CMCT) will be able to gain a regular return from October on, for renting their tokens to Crowd Machine’s decentralized network, the Crowd Computer.
To date, Crowd Machine has released to market approximately 500 million Crowd Machine Compute Tokens (CMCT) as the ‘gas’ to pay for app execution on the Crowd Computer.
App owners buy CMCT to pay Crowd Machine to run their apps on the Crowd Computer. Crowd Machine pays Crowd Computer super nodes (Agoric Nodes) in CMCT to execute app activities on their network of worker nodes. Workers nodes (Activity Compute Nodes or ACNs) are set up by anyone with spare capacity on an internet-connected device, such as a mobile phone, laptop or desktop PC, to earn CMCT for running app activities in the background of normal operation.
To start generating income for running apps on the Crowd Computer, Agoric Nodes need a minimum operating reserve of CMCT, which can be rented from the pooling program. In exchange for contributing a set amount of their tokens to the pool, CMCT owners will receive a quarterly return.
Craig Sproule, CEO of Crowd Machine, said that the CMCT pooling program gives token holders an easy way to generate income from their tokens, and add more fuel to the Crowd Machine community busy creating, selling and running apps.
“Where an individual may not be in a financial position to provide sufficient CMCT to run an Agoric Node themselves, pooling still allows them to gain an income from their tokens”, Sproule said. “In decentralizing the technology that helps us run our lives, we’re democratizing the ability to generate wealth from the IT industry.”
2) France Goes Bullish on ICOs – Opens Doors to Tokenomics
According to a tweet this week from Bruno Le Maire, the Minister for the Economy and Finance of France, the government has given the green light and passed an article of the Business Growth and Transformation bill (PACTE) dedicated to Initial Coin Offerings (ICO).
Le Maire stated that the French stock markets regulator Autorité des marchés financiers (AMF) has now been empowered to give licenses to companies that want to raise funds via ICOs. With certain stipulations in place to protect consumers.
This follows news from Brussels that the EU is holding off on being hasty with drawing up new laws for Europe.
At the same time, the EU Parliament’s The All-Party Innovation Group of has drafted a proposal to examine potential new rules that would bring ICOs within the scope of an EU-wide crowdfunding regulation that is currently being drafted. If the European Parliament green lights the proposal, this would mean a common EU-wide regulation and standards for ICOs, which would allow startups to raise funds using tokens and trade in the EU.
3) Could Liechtenstein become the Malta of the Alps?
When Malta moved to establish itself as a crypto and blockchain powerhouse, it’s fair to say that many people were shocked.
We’d seen traditionally powerful financial nations such as China take the crypto mantle early on, but as time passed this little archipelago in the Mediterranean Sea that is home to less than half a million citizens began grabbing the headlines with its crypto-friendly policies.
A favorable regulatory stance
The progressive government of Malta eventually welcomed Binance, one of the worlds most prominent exchanges, to the country with its favorable regulatory structure.
Today, many people see the Principality of Liechtenstein as “the next Malta,” with its proclamations of crypto-friendly intentions which have culminated in a bill that has been proposed to add incentive for those crypto startups looking for a home that welcomes them rather than eyeing them suspiciously.
The bill that has been proposed provides a clear definition of the rules and boundaries that the industry can expect to face if they wish to operate within Liechtenstein’s borders, but it won’t be responsible for regulation.
The aspect of the process which is giving other countries a lot of problems is the transfer of the assets, which will be the regulatory focus of the Liechtenstein bill.
One of the legal team who is working on the bill has commented that such a move will allow the government to prevent abuses while concentrating on growth.
4) ETC has been integrated due to UTRUST partnering with ETCDEV.
Cryptocurrency payment solution Utrust publicly declared partnership with Ethereum Classic Dev Team. After signing a Memorandum of Understanding (MoU), ETCDEV will work together with UTRUST to integrate ETC into the UTRUST platform, assisted by the Ethereum Classic Cooperative.
The partnership between ETCDEV and UTRUST is happening at a time when demand for ETC is rising rapidly. The recent integration of ETC by Coinbase, the world’s largest cryptocurrency brokerage, wallet, and custodian is responsible for this.
Additionally, the decision of the US Securities and Exchange Commission (SEC) to declare Bitcoin and Ethereum as non-securities, cleared Ethereum Classic from potentially being considered a security. As such, merchants can freely accept ETC as an alternative payment method to fiat and consumers can use it knowing that the utilization of ETC cannot be considered as an act of illegally distributing securities.
“Ethereum Classic is one of a select few cryptocurrencies, along with Bitcoin and Ethereum, with clear institutional demand,” said Nuno Correia, CEO and co-founder of UTRUST.
5) Two large scale Blockchain facilities opened by Etix blockchain in Iceland.
A new division of Etix Group, Etix Blockchain, announced it has opened two new Blockchain facilities in Iceland. The buildings are located near Iceland’s capital city Reykjavik (only 10 minutes away from the international airport of Keflavík). The other building is situated in Blönduós (located in the north of the country). In both locations the first facilities are already operational, and more buildup will be completed by the end of the year. As part of its global strategy Etix Group bought a majority stake in Borealis Data Center, an Icelandic company specialized in HPC and Blockchain services. The company will be renamed Etix Everywhere Borealis. Etix Blockchain, a new player in the Blockchain industry.
Following the evolution of the IT industry, Etix Group decided to launch “Etix Blockchain”, a division dedicated to provide colocation services for HPC and Blockchain applications and mining as a service capacity. As the banking and financial industry is becoming increasingly invested in the Blockchain field, they are looking for hosting infrastructures of higher standards, still offering a competitive price. Etix Blockchain benefits directly from the expertise developed by Etix Everywhere for the data center industry but also from the security products developed by Etix Labs.
Republished with permission from the wonderful guys at www.the-blockchain.com