Crypto Basic Podcast: Teaching You The Basics of Bitcoin and the World of Cryptocurrency. CryptoBasic

Join us on another Flagship Friday for your weekly dose of crypto news, shenanigans and goings-on! This week we talk about New Zealand's new step towards adoption, as it legalized using crypto as payment for employees, Moscow's Ethereum-based blockchain designed for transparently functioning city services, and Binance's coins listed for its US platform. Also, Brent never fails to remind us that there are more douchebags in the crypto scene other than Craig Wright, Karim just CANNOT stop buying Cardano and Adam almost died. Twice. Honestly.

Dive into the cryptoverse with us on this week's Flagship Friday. 

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Rapid Fire

- Bullish or Bullshit - Mark Cuban sees gold & BTC as the same thing: https://coinworld360.com/billionaire-mark-cuban-sees-gold-and-bitcoin-as-being-the-same-thing/
- And now Dallas Mavs accept Bitcoin, the 2nd NBA team to do so behind, the Kings who were accepting BTC in 2014. Mavs will be using BitPay
- Binance unveils the coins that will be available on it's US exchange https://cointelegraph.com/news/binance-considering-support-for-30-tokens-for-us-customers 

- New Jersey has started a Blockchain Initiative Taskforce: https://www.publish0x.com/bitcoinz-news/new-jerseys-blockchain-initiative-task-force-vote-confidence-xknwvk 

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- Barclays ends partnership with Coinbase: https://www.reuters.com/article/us-barclays-coinbase/barclays-ends-partnership-with-cryptocurrency-exchange-coinbase-sources-idUSKCN1V40ZV 
- Relationship began in March last year when Coinbase was expanding in Europe
- Was mean t to make it easier for users to deposit and withdraw pounds to buy/sell crypto
- Neither company was down to comment
- Barclays declined to comment, while Coinbase did not respond to ***repeated*** requests for comment
- Common problem for crypto, one survey showed 3/4ths of crypto businesses in Britain have to bank overseas
- Even firms that don't handle digital coins, like web designers, just for being crypto associated

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Crypto Around the World

- New Zealand just became the first country to legalize salary payments in cryptocurrencies: https://markets.businessinsider.com/news/stocks/new-zealand-legalizes-cryptocurrency-salaries-including-bitcoin-2019-8-1028442320 
- legally allow companies to pay salaries in cryptocurrency starting September 1
- The country's tax agency ruled salaries and wages may be paid in cryptocurrencies
- so long as the preferred digital coin is pegged to at least one standard, or fiat, currency.
- also requires that the crypto of choice be directly convertible into a standard form of payment.
- Excludes self-employed workers from switching income into crypto
- Moscow to Develop a Blockchain System for Transparent City Services: https://www.coindesk.com/moscow-to-develop-a-blockchain-system-for-transparent-city-services 

Moscow officially looking for a contractor to build blockchain system to host city's administrative services

Announced auction to build ethereum-based system, 57m Rubles ($850k)

List of services & specs

- Issuance of documents (property owners, residents, etc)
- Allocation of slots at city's farmers markets
- Will use proof-of-authority and max capacity of 1.5m simultaneous viewers (pop 12m)

They expect it to take 60 days to build once contractor has been chosen & contract signed

IT Department said it wants to increase confidence in Moscow's electronic services by boosting transparency using blockchain

Also integrated with other experiments Moscow city gov is undertaking, like "Active Citizen" which lets residents express preferences on matters such as locations of new bike paths, street decor, city events, etc

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THAT'S A SCAM

- PLUS Token, the biggest Chinese Ponzi scheme has scammed 70k BTC and 800k ETH: https://twitter.com/DoveyWan/status/1161686134314848256?s=20 
- Dovey Wan reported it. PlusToken started in mid 2018 and a "high yield return". Total scammed is about $3B!
- Core team were tracked down by police 2 months ago and will likely be in jail for decades
- Exchanges can't do too much bc Chinese exchanges are closed and Chinese police can't work with exchanges because it's not legal in China.
- Was reading an anecdote about this - apparently some lady was selling stuff in her shop and taking it or BTC, and tried to convince the user to join because she got 8% on her money every month.

https://twitter.com/DoveyWan/status/1161693110214090752?s=20 

- CipherTrace Report says $4.26B was stolen in exit scams so far this year: https://ciphertrace.com/q2-2019-cryptocurrency-anti-money-laundering-report/ 
- $124M was stolen from exchanges and infrastructure in Q2, bringing YTD total to $227M.
- $851M was "lost" by Bitfinex before.
- Those numbers are based on when the theft happens, and thus the values are even higher .
- We can thank PLUS Token for 2.9B of that big number.
- Also in the report that's interesting - XMR is only used for 4% of dark markets and even less for ransomware attacks. Oddly Doge is 5th most used in dark markets.
- The report has a cool list of summary of big events relating to overall market in Q2.
- Report mentions the big effect of a new Financial Action Task Force (FATF) rule which requires crypto transactions of more than 1k to have identifying information, and speculates there is a way to secure the data except when law enforcement wants it.

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Mailbag

intechnicolor (discord)

just want to ask, as I'm not entirely sure where to ask this, but has anyone had any luck or experience with crypto cards? I'm looking for essentially the equivalent of a debit card. Does it exist yet? I've come across Ternio a few times in my search, as well as (for better or worse) Coinbase's Shift

Tune in for the answer! ;)

Rants

-Just a reminder that Roger Ver is also a pos.

-Things getting so much better

Please join the conversation in the Discord. We're in there all the time.

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We are not Financial advisers.

What a week for the cryptocurrency space. We've got a brand new exit scam (like we didn't have enough of those already), we've got bitcoin being traded at high volumes in Venezuela, and we've got.. Craig Wright? Again? You bet!

Tune in to find out whether bitcoin is the world's eleventh largest money supply (hint: it is) and discover which four European countries are the most adoption-oriented out of all (you know you wanna invest in Europe).

Dive into the cryptoverse with us on today's Flagship Friday.

- Bitcoin Trading is at an all-time high in Venezuela - https://cryptodailynews.online/bitcoin-trading-in-venezuela-hits-all-time-high/ 

- Ethereum's on-chain stablecoin transaction volumes surpassed Venmo's total payment volume in Q2. Does include Tether though. - https://twitter.com/cburniske/status/1157780542013792257 

- EtherDelta being investigated by Chinese police for a $176k exit scam. The initial owner sold it to Chinese investors who then created an ICO for it in Jan 2018, a month after it was sold. Then they ran off with investors money. Dovey Wan reported it and she's constantly reporting events - https://decrypt.co/8263/chinese-police-investigates-alleged-etherdelta 

- Gods Unchained hires a former director of Magic The Gathering Arena - https://decrypt.co/8280/gods-unchained-levels-up-hires-former-magic-the-gathering-executive 

- Bitcoin Now the World’s Eleventh Largest Money Supply - https://www.newsbtc.com/2019/08/07/bitcoin-now-the-worlds-eleventh-largest-money-supply/ 

- VERGE! YESSSSS( - https://www.reddit.com/r/CryptoCurrency/comments/cmmrzu/vergecurrencys_x17_mining_algorithm_is_being/ 

- False KYC Leak at Binance - https://www.binance.com/en/blog/365766157488967680/Statement-on-False-KYC-Leak 

- Craig Wright has to pay $73,000 in Legal Fees for Roger Ver - Bullish or Bullshit - https://stmarket.co/en/news/536/Craig-Wright-to-Pay-73-000-in-Legal-Fees-for-Losing-Libel-Claims-Vs-Roger-Ver.html 

- North Korea funds weapons program with stolen cryptocurrency -  https://mashable.com/article/north-korea-un-report-cyberattacks/ 

- Top 4 European Countries Ranked by Cryptocurrency Adoption - https://themerkle.com/top-4-european-countries-ranked-by-cryptocurrency-adoption/ 

Today's show is very very crypto. Not that it isn't generally, but most of the time we tend to touch on other issues too - politics, economics, business - but not today. Today's episode is all about cryptocurrency: we talk about Nano's lightning fast confirmation times, Bitcoin's new milestone of 85% of its total supply mined, as well as Litecoin's imminent halving, with the reward going down to 12.5 LTC per block.

Additionally, a sort of motif is present throughout this entire episode. One not very pleasant, one could say. I mean we've got senator Crapo talking about Bitcoin's resilience one one hand, and a "Shitcoin Futures Index" on the other... everything's a bit poopy. This is not a shitty episode however - and that's for sure.

Dive into the cryptoverse with us on today's Flagship Friday.  

Links from the show: 

-V19 Nano confirmation times are happening very fast. Here's a pic of it happening in .18 seconds: https://www.reddit.com/r/CryptoCurrency/comments/cjsngc/v19_nano_confirmation_times_are_approaching/ 

-Q2 Summary of dApps. 1460 active dApps - Ethereum, 664 Ethereum, 354 EOS, 338 Tron. 71 Steem, 19 IOST, 14 TOMOCHAIN: https://i.redd.it/6pb7t5ylwgd31.png 

-The IOTA Foundation Announces a $5Mil Grant For Coordicide-related Research: https://blog.iota.org/iota-announces-5-million-in-grants-for-coordicide-related-research-e586547cc948 

-CoinJazeera Reports Brock Pierce Running for Gov of Puerto Rico in 2020 lol: https://coinjazeera.news/brock-pierce-running-for-governor-of-puerto-rico-in-2020/?fbclid=IwAR2dvzg67ycGt96Q0gT7grJwxnW_rCWBbHwKupYysYLB2yvs2aJxMfzE51A 

-US Senator Crapo (R) says that we couldn't ban Bitcoin even if we wanted to: https://www.ccn.com/news/us-senator-wanted-to-we-couldnt-ban-bitcoin/2019/07/31/ 

-Litecoin Halving is imminent. Block reward going down to 12.5 LTC per block on August 5th: https://www.coindesk.com/litecoin-is-halving-soon-whats-happening-and-what-you-should-know 

-Bitcoin Passes New Milestone as Network Mines 85% of Its Total Supply: https://cointelegraph.com/news/bitcoin-passes-new-milestone-as-network-mines-85-of-its-total-supply 

-Bitcoin Experiences it's first Fed interest rate cut: https://www.ccn.com/fed-interest-rate-cut-bitcoin/ 

-Bullish or Bullshit - Crypto Exchange Launches 'Shitcoin Futures Index': https://www.coindesk.com/crypto-exchange-launches-shitcoin-futures-index-offering-new-way-to-short-alts

 
-NBA is launching blockchain souvenirs from the maker of CryptoKitties, Dapper Labs: https://ca.finance.yahoo.com/news/nba-is-going-crypto-launching-blockchain-souvenirs-from-the-maker-of-crypto-kitties-185727384.html 

-Weiss Ratings Plagiarism: https://twitter.com/G0JlRA/status/1154817874420215809 

-Bitcoin Has 'No Intrinsic Value,' As U.K. 'Moves Towards' Crypto Ban: https://www.forbes.com/sites/billybambrough/2019/08/01/bitcoin-has-no-intrinsic-value-as-uk-moves-towards-crypto-ban/#40ddcdeb2d27 

Another Friday, another Flagship, another excuse to dive into all the crypto shenanigans and goings-on of this past week. What has Justin Sun been up to again and how is it related to the word "chicken"? What do recent stats show about the future use cases of Bitcoin? Could it become the global reserve currency of the 21st century, replacing the gold standard and becoming the basis for a worldwide system of Cyber-Keynesianism or is the person writing this just a closeted bitcoin maximalist? What more could Karim possibly have to say about macroeconomics and politics and what's his new segment all about?

Additionally, today we talk once again about our favorite subject of the month, the Ministry of Truth's cryptocurrency, Libra. Did I say Ministry of Truth? I meant Facebook. Did I quote George Orwell? In the times we live in, can you even blame me?

Dive into the cryptoverse with us on today's Flagship Friday. 

On today’s show, Brent is joined by a fellow Facebook-hating, privacy-loving comrade, namely Colin Fausnaught, creator of ZuckBucks, a memecoin designed as a joke and a protest to Facebook’s ever-growing need to have its greedy tentacles probing into more and more aspects of people’s lives - this time the financial one, with Libra. 

Colin created ZuckBucks on a whim, but never expected that it would actually blow up, gathering a dedicated community around it and even making it onto exchanges. Listen in as we talk about privacy, altcoin specifics, meme economies and the all-seeing eye of The Zucc. 

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Today we’re getting super political, so Karim is all excited. Don’t worry, we’re talking about it being related to Crypto. The House had a hearing and we break down some opinions of some people in Congress. We also go on to talk about a couple of scams from across the globe. It’s Flagship Friday-ish on the CryptoBasic Podcast.

Rapid Fire

• ZCash/ YCash Fork happened today Thursday at block 570,000. If you own ZCash you'll be getting it at 1:1 ratio
  • YCash is being made to restore mining on commodity hardware which was largely abandoned on the ZCash blockchain.
  • 27% of the enterprises plan to invest roughly between $1-$5mill in blockchain over the next 12 months. Source Deloitte & Touche
• Reddit Co-founder Alexis Ohanian invests $3.75 mill with a Hearthstone competitor using ERC-1155 tokens bought with DAI
  • The funds have been used to scale up production on a new card game called Skyweaver and a gaming platform called Arcadeum. "Trading card from another dimension". Also Gods Unchained, another blockchain card game using ERC-721 tokens (nfts) has had a 50% increase in games played in the past week. You can hold these in Enjin wallet.
• Brave ads are live on Android.
• Litecoin has sponsored the Miami Dolphins

• All Kinds of US Policiking about Libra.

  This was 7 hours long.

  • Donald Trump - (R) Does not like BTC (no obvious opinion on Libra)
  • Tom Emmer - (R) Anti Libra, seems to be pro BTC "Individuals insistent on the exclusion of middlemen and the freedom of the individual will continue to create open networks separate from central control. Unfortunately Libra is not designed to minimize middlemen. It in fact relies on them."
  • Kevin McCarthy - (R) Anti Libra, pro BTC "I like bitcoin "Likes decentrlaized nature of BTC "I want to see decentralization because Libra concerns me that they're going to control the market"
  • Ron Paul - (R/I) Pro Crypto, No stance on libra.
  • Treasury Secretary Munchin - Pro Crypto/ BTC, and says Treasury is OK with it with full AML. He was not comfortable with Libra, but was not anti-Libra.
  • Denver Riggleman - (R) He knows his shit. Started right away asking questions about open source, whitepapers, he actually looked at the code and knew that it was written in Rust. Dude checked Github, mentioned who was building the Libra core, asks about scalability issues and why Rust was chosen as the language. Specifically grilling him about the "nightly build" of Rust and why it was being used. David Marcus couldn't actually answer that.
  • House Democrats released a bill called "Keep Big Tech Out of Finance Act" which was anti - Libra, but not pro BTC/ Crypto.
  • Patrick McHenry - R - Skeptical of Libra - Clearly Pro Crypto - Did not take a clear anti Libra stance. Said it could be a plot to increase Twitter presence lol.

  • Warren Davidson said - There's bitcoin and there's shitcoin. (R) Unclear stances

    Colloquially, Shitcoin

    • Wednesday, July 17th 2019 a Congressman asked Meltem Demirors about shitcoins. How is this real life????
  • Brad Sherman - D - Anti Libra, calls it Zuck Buck. Very Anti-Crypto. Anti Crypto, compares it to “We’re told by some that innovation is always good. The most innovative thing that happened this century is when Osama bin Laden got the innovative idea of flying two airplanes into towers,” Says Libra is more dangerous than Al Queda.

• (Market Cycles)500

  • Lets talk about the psychology of a market cycle.
  • Disbelief, hope, optimism, belief, thrill, euphoria, complacency, anxiety, denial, panic, capitulation, anger, depression, disbelief

  • Simplified market cycle - peak,trough, contraction, expansion

• (Tether’s $5 Billion Error Exposes Crypto Market’s Fragility)

  • A little reminder that this is still a young market with an infastructure in construction
  • Saturday (7/13) Tether mistakenly created more than $5b in an instant, (marketcap rn $3.9b)
  • Article claims sudden flood spooked the market & btc dropped by 12%
    • About 60% of BTC trading is done with Tether
  • And we've already had the NY AG saying Tether used reserves to cover up $850m in missing funds
  • Basically Poloniex needed to move $50m Tether from Omni network to Tron
    • LOL - The Tether EMPLOYEE who processed the order accidentaly created and sent Poloniex $5b Tether instead of $50m
    • CTO Tweeted it was "an issue with the token decimals, fat finger error"
• Crypto Around the World
  • U.S. foes are weaponizing cryptocurrency says new report
    • New Study by the Foundation for Defense of Democracies (FDD)
      • Says US adversaries are using crypto to "circumvent the nation's geopolitical supremacy"
      • Focused on Venezuela, China, Iran, and Russia
      • All of these have been aggressively working on blockchain currencies or networks
      • Venezuela backed with oil, Iran is launching one backed with Gold
      • FDD warns that digital currencies, especially those backed by commodities, will make sanctions much harder to enforce
      • Most worried about China, with massive tech its digital currency could compete with dollar based financial system
      • Also fears that nations will just invest in current systems, like Russia is believed to be investing in btc
    • Found the Report itself, Overview of findings
      • Venezuela, Maduro, & the Petro - Total debacle, they did not build the economic or technical infrastructure to make the petro useful to citizens and international trading partners. But it will serve as case study for other nations
      • Basically how the US financial dominance is at risk if any crypto becomes popularly used and an alternate financial infrastructure is created
    • But who is the FDD
      • That name already sketches me out big time
      • Washington THinktank focused on "national security and foreign police" (not exactly what you would think of but maybe)
      • Their own about
        • Founded shortly after the attacks of September 11, 2001, FDD conducts actionable research, prepared by experts and scholars from a variety of backgrounds
      • Started looking at their headlines
        • Undeterred Cyber Adversaries Require a More Aggressive American Response
          • As tensions escalate, U.S. must intensify pressure on Iran and the IAEA
          • Australia should place unilateral sanctions on Iran
          • Oman’s Growing Ties with Iran Threatens its Neutrality: FDD Report
    • Long story short - they're just a neocon think tank, hawkish and super pro war. And their funding explains their bias, from their 2011 tax filings
      • "Most of the major donors are active philanthropists to 'pro-Israel' causes both in the U.S. and internationally. With the disclosure of its donor rolls, it becomes increasingly apparent that FDD’s advocacy of U.S. military intervention in the Middle East, its hawkish stance against Iran, and its defense of right-wing Israeli policy is consistent with its donors’ interests in 'pro-Israel' advocacy"

• Thats a scam!

  • For $15k You Can Fake Trading Volume

    A 20 year old at Moscow State University, Andrey Andryunin, (Let's go MSU!!)

    talks about his company that he co-founded called Gotbit. It inflates trading volume on obscure crypto exchanges for a fee to ultimately get listed on Coin Market Cap. Programs a bot to trade tokens back and forth with each other (what do we call that Karim??) wash trading.

    Exchanges know about it but don't care too much to stop it.

    Hotbit based in Shanghai and BitForex out of Hong Kong are two exchanges that Gotbit uses. Gotbit was found to be one of 14 exchanges that basically had zero genuine trading outside of wash trading in a report by Alameda Research, a crypto trading firm.

    A lot of the coins are top 300-500 market cap trying to appease their investors, maybe make an exit eventually, but ultimately only 2 or 3 of the 30 or so Gotbit clients have a working business model and have reached the point of building an actual product.

    Adryunin does go on to say that this isn't exactly an ethical business and that if this was on NASDAQ he knows it would be a financial crime. Both him and his cofounder understand there is incoming regulation from the Financial Action Task Force which will regulate crypto related services and exchanges so they are pivoting to other more legitimate things like offering IEOs

  • NovaChain

    • Had no idea what it was.
    • It was yet another Lending platform that was based off of "High frequency trading bot passive income"
    • Deleted its website and email list and all social networks.
    • Loss was in the millions.
    • Twitter users were tweeting tons of numbers.

Flagship Friday! We're talking about John McAfee and what he wants to do for Cuba. We cover whether or not Tron headquarters was raided by the police, and this particular episoe without Adam we talk about a lot of different tangents, and more.

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Founder of SpankChain creates YangDAO - https://www.yangdao.org/
Samsung releases ETH SDK - https://developer.samsung.com/blockchain
Zimbabwe bans the USD - https://www.scribd.com/document/416240547/NYAG-AFFIRMATION#fullscreen&from_embed
Tether is loaning USDT to traders - https://www.scribd.com/document/416240547/NYAG-AFFIRMATION#fullscreen&from_embed
Top 10 Companies are Murican - https://www.investopedia.com/articles/active-trading/111115/why-all-worlds-top-10-companies-are-american.asp
Turhey's new roadmap https://www.coindesk.com/turkeys-new-economic-roadmap-calls-for-central-bank-cryptocurrency
Bullish or BS - Police Raid Tron - https://medium.com/@Tronfoundation/the-wave-field-community-scam-and-our-response-55631a6b2df1
They didnn't - https://www.reddit.com/r/CryptoCurrency/comments/caj9e1/police_raids_at_tron_offices_in_beijing/
Mcafee wants to build it for Cuba -

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Craig Wright cries in court, thus proving he is Satoshi Butthurtamoto. . We go over tons of stories from across the globe, including what’s happening with Facebook’s Libra in China. Our friends Waltonchain make another cameo appearance in our “That’s a scam” Section, and we learn how Adam almost lost $10k by being cocky.

# Episode 192 - Flagship 80 # Episode 192 - Flagship 80 
- Rapid Fire    - [Tether has a Blacklist -](https://tether.to/wallet-service-and-platform-update/)    - [Netflix has an Altcoin doc coming out](https://ourbitcoinnews.com/netflix-is-all-set-to-launch-an-altcoin-and-bitcoin-documentary-show-big-names-of-the-industry-involved/)        - Vitalik Buterin (Ethereum Founder)        - Jihan Wu (Bitmain Founder)        - Justin Sun (Tron Founder)        - Yi He (Binance Founder)        - Charles Hoskinson (Cardano Founder)        - Sunny Lu (VeChain Founder)        - Jun Hasegawa (OmiseGo Founder)        - Da Hongfei (Neo Founder)        - Roger Ver (Bitcoin Cash Founder    - [David Marcus - "You won't have to trust Facebook to get the benefit of Libra"](https://www.coindesk.com/facebooks-david-marcus-libra-crypto-users-wont-have-to-trust-us)    - [Reddit to build in tipping with BAT and other coins, but mostly BAT](https://decrypt.co/7688/reddit-tip-crypto-bots)    - A craft beer company named Brewdog is now accepting shares in their company in cryptocurrency.
    [Cryptocurrency](https://efp.brewdog.com/equityforpunks/cryptocurrency)
    - Currencies accepted for Equity for Punks are the following: - Bitcoin, Bitcoin Cash, Bitcoin SV, Ethereum, Litecoin, OmiseGO, Qtum, Augur, Ripple, 0x- [CRAIG WRIGHT](https://zerobin.net/?54865f020b8ad9be#hxdsnaQoV0DarYLJHZ4P72PBR8mmNqBwqtjpuHeexfk=)    - This hearing was to see why CSW couldn't provide access to the wallets that are a part of the Kleinman case.    - There was a court journalist named Carolina Bolado that was covering the drama in the courtroom with CSW live.    - Some of the highlights - remember that e-mail that he send that it turned out he forged? Well the only reason we knew about that was that he submitted it in court. On the stand he accused the opposing counsel of committing purjury by submitting the document. HE SUBMITTED THE E-MAIL.    - Then he threw the e-mail across the courtroom.    - “You throw another document in my courtroom, you will be in handcuffs so fast your head will spin,” Judge Reinhart said.    - He made up some new reasons why he couldn't get the BTC, saying that he will get access to some of the info he needed in 2020    - That really pissed off the judge who clarified that he knew that at the beginning of the trial.    - At some point he was crying.    - Next trial date is 7/10    - [A new document submitted to the courts before that date - one of the companies "Tulip Trading Limited" was actually purchased in 2014 - which is 3 years after he said he created, but it was purchased as a "shelf" company which means it was crated and aged.](https://www.courtlistener.com/docket/6309656/237/11/kleiman-v-wright/)- Crypto Around the World    - (Libra Fights...) [House Democrats call for Facebook to halt cryptocurrency project](https://thehill.com/homenews/house/451459-house-democrats-call-for-facebook-to-halt-cryptocurrency-project) @Karim Baruque        - House financial Services Committee asking FB to stop work on Libra        - [HFSC Letter to Executives](//oemmndcbldboiebfnladdacbdfmadadm/https://financialservices.house.gov/uploadedfiles/07.02.2019_-_fb_ltr.pdf)            - *Investors and consumers transacting in Libra may be exposed to serious privacy and national security concerns, cyber security risks, and trading risks. Those using Facebook's digital wallet - storing potentially trillions of dollars without deposit insurance- also may become unique targets for hackers. For example, during the first three quarters of 2018, hackers stole nearly $1 billion from cryptocurrency exchanges. 3 The system could also provide an under-regulated platform for illicit activity and money laundering.*        - [Now Japanese Regulators Are Getting Anxious About Facebook’s Cryptocurrency](https://www.coindesk.com/now-japanese-regulators-are-getting-anxious-about-facebooks-cryptocurrency)            - Japans central bank joining chorus of concern vs Libra            - Report from Nikkei cites unnamed official from Bank of Japan as                - "*It will move money into an absolutely virtual world, so it is completely different than other forms of digital payment.*”            - They fear by linking Libra to multiple national currencies they are trying to avoid control from any one nations regulators            - Report also posits - People will withdraw from regional bank, buy Libra, FB puts those funds with larger banks (Specifically Mitsubishi Financial Group, Sumitomo Mizuho Financial Groups), so flow away from minor institutions            - And that Libra would "free ride" off existing institutions which spend large amounts to stay complaint.        - [G7 Forming Task Force in Response to Facebook’s Libra Cryptocurrency](https://www.coindesk.com/g7-forming-task-force-in-response-facebooks-libra-cryptocurrency)            - Group of 7 - Canada, France, Germany, Italy, Japan, UK, US, EU            - France's Finance Minister, Bruno Le Maire, called for G7 central bank regulators to do a report on FBs Libra by July out of fear it could replace national currencies.    - [Dutch article so it's translated but basically a ban on payments with cash over 3k Euros. They want to get rid of the 500 Euro bank note and make it more difficult for money laundering. What do you think of all this? Good or bad? is this just the future of cash if we all convert to crypto in 10-15 years?](https://www.rijksoverheid.nl/actueel/nieuws/2019/07/01/minister-hoekstra-en-grapperhaus-presenteren-nationale-aanpak-witwassen)    - [Cuba ‘Studying Cryptocurrency’ to Dodge US Sanctions, Says Gov’t](https://cointelegraph.com/news/cuba-studying-cryptocurrency-to-dodge-us-sanctions-says-govt)        - Cuba's Government said in July its exploring Cryptoccurencies to deal with an economic crisis exacerbated by US Sanctions        - Cuba has suffered significantly from the Venezuelan crisis since it was major source of aid        - “*We are studying the potential use of cryptocurrency... in our national and international commercial transactions, and we are working on that together with academics*,” Reuters quoted economy minister **Alejandro Gil Fernandez**        - Previous reports about Iran developing a cryptocurrency to combat SWIFT, a blockchain based project with Russia and Armenia- THAT'S A SCAM
    [Waltonchain was hit was a 99.99% attack.](https://www.reddit.com/r/CryptoCurrency/comments/c6v611/waltonchain_mainnet_is_under_a_9999_attack/) 
    - Being honest I don't even know what that is, but apparently someone basically got enough hashpower to buy the network.    - They had something happen related to this 10 days ago and "Fixed" it.    - Now they had to Hard Fork their mainnet.    - I don't really get how it works, but Walton essentially has their ERC20 token which is traded, and then their mainnet which gets mined and pays out rewards in tokens that have no way to be traded yet.    - Attacker attacked the "worthless" chain.    - In a hilarious anecdote that we missed - WTC has that sidechain, and they posted a picture of their offices. Then freychain, the sidechain, posted a picture of theirs a little later, and literally just changed the signs and took a diff angle.
        
- Shots Fired!
    Everyone go to [loser.com](http://loser.com) - I'll wait
    ["Then fork the code and finish it yourself" - Charles](https://twitter.com/vidinhlang/status/1146788569253462017)
    Reddit Post - r/EOS isn't deleting scam posts to phishing sites. 
    [Response on reddit from "agenttank" - 'scammers always go for people that have been scammed successfully before.'](https://www.reddit.com/r/CryptoCurrency/comments/c7rl8b/notice_on_reos_mods_arent_deleting_comments/)

Bitcoin's price goes to 13k, but then back to 10k. The price is on everyone's minds so the team actually sits down and talks about it. We also have some dumb CSW stuff, more of a deep dive on Libra and more. 

THIS IS OUR REFERAL LINK PLEASE SHOW EMBERFUND YOUR SUPPORT - https://emberfund.app.link/CryptoBasic

Coinbase goes offline - https://www.ccn.com/crypto/bitcoin-price-crash-coinbase-offline/2019/06/26/
BTC Market Cap - https://i.redd.it/0rlm5f6v1o631.png
Blockchain Products - https://twitter.com/DMemelines/status/1143861718918942720
Pool Together - https://www.pooltogether.us/faq
Libra Distribution - https://www.reddit.com/r/CryptoCurrency/comments/c54f39/75_of_the_libra_association_members_are_from_the/
Cyber Criminial - https://thenextweb.com/hardfork/2019/06/26/europol-british-dutch-27m-bitcoin-theft/

Subscribe on iTunes - https://itunes.apple.com/us/podcast/cryptobasic-podcast/id1332565102?mt=2&at=1001lJEw
Join Our Discord - https://discord.gg/3EnWx6J
Patreon - https://www.patreon.com/CryptoBasic
Ledger Nano X - https://www.ledger.com/?r=d6b6
Cash App: Free $5 - https://cash.me/app/RMFXXXL
Typo Website - https://thenextweb.com/hardfork/2019/06/24/calibra-fake-cryptocurrency-site-scam-ethereum/
Hackers be hackin - https://micky.com.au/completely-cut-off-city-caves-and-pays-hackers-600k-bitcoin-ransom/
CSW - https://www.ccn.com/crypto/craig-wright-declared-satoshi-nakamoto/2019/06/23/
CSW 2 - https://beincrypto.com/craig-wright-reportedly-failed-to-submit-court-ordered-bitcoin-wallet-addresses/
Fight over Facebook's crypto - https://www.coindesk.com/a-monumental-fight-over-facebooks-cryptocurrency-is-coming
Libra and Financial System - https://www.cnn.com/2019/06/25/tech/facebook-libra-hearings/index.html

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IOST is an application-friendly, next generation public blockchain infrastructure, helping decentralized app developers overcome some of the most challenging problems with mass adoption. First and foremost, IOST solves the scalability trilemma, or having to select between levels of security, scalability, and decentralization. Through a “Proof-of-Believability” consensus mechanism, IOST enables DApps to build and deploy more meaningful services on its platform, helping more everyday users experience the mass benefits of blockchain services. 

IOST's website: https://iost.io/

IOST's twitter page: https://twitter.com/IOStoken

Terrence's Twitter Account - https://twitter.com/terrence_iost

IOST's medium page: https://medium.com/@iostoken 

Whitepaper - https://iost.io/iost-whitepaper/ 

Subscribe on iTunes - https://itunes.apple.com/us/podcast/cryptobasic-podcast/id1332565102?mt=2&at=1001lJEw   

Join Our Discord - https://discord.gg/3EnWx6J    

Patreon - https://www.patreon.com/CryptoBasic   

THIS IS OUR REFERAL LINK PLEASE SHOW EMBERFUND YOUR SUPPORT -  https://emberfund.app.link/CryptoBasic 

Ledger Nano X - https://www.ledger.com/?r=d6b6   

Cash App: Free $5 - https://cash.me/app/RMFXXXL   

[email protected] 

The CryptoBasic Podcast is an educational, honest, and entertaining exploration of the fascinating world of cryptocurrencies. Join hosts Brent Philbin, Karim Baruque, and Adam "Roothlus" Levy as they explore concepts and cryptos such as Bitcoin, NEO, Ethereum, Litecoin, Blockchain, Cardano and much more. How does Bitcoin actually work? Should I use Coinbase or Bittrex? What in the world is an ICO? Listen to our 101 episodes on each topic for an in-depth, beginner friendly discussion to find out. Join this trio of professional poker players and lifelong friends as they learn, teach, and joke their way into serious crypto knowledge. 

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