China dominates demand for Tether, with $16B received by exchanges in 2018 and 2019 already outpacing the year before at $10B; the U.S. lags far behind, with only 3% of on-chain movements coming from the States. Demand from Chinese exchanges in 2018 stood at 39% compared to year-to-date demand coming in at 60%; the cyclical nature of the demand for Tether points towards two conclusions: its actually being used by Chinese consumers and exchange volume is more meaningful than Bitwise's recent report indicates Link


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balwinderdev

 
According to recent LinkedIn post, Circle is hiring a General Partner to raise a $100M venture capital fund; the firm acquired SeedInvest earlier this year, and will be looking to leverage their deal flow and network of investors - Link


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balwinderdev

 
Maker token holders have voted for which tokens will be prioritized in multi-collateral Dai; according to the votes the priority list will be Ethereum, Augur, Basic Attention Token, 0x, DigixDAO, OmiseGo, and Golem; between 39 and 50 unique voters participated in voting for each asset - Link


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balwinderdev

 
According to a blog post published today, Blockchain will integrate BitPay’s payment architecture into its wallet service; this partnership will allow Blockchain wallet users to pay merchants online or on mobile Link


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balwinderdev

 
Polkadot's experimental "canary" chain launched today with the goal of providing a sandbox for developers and even encouraging them to break the protocol; Kusama mimics what they can expect in Polkadot - deploying parachains, staking, nomination, validation, and even participating in governance Link


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balwinderdev

 
Central bankers, economists, financial organizations and government representatives from around the world are meeting in Jackson Hole for a week long symposium titled "Challenges for Monetary Policy"; this year's conference is highly anticipated given the global macroeconomic situation and fears of an impending recession; focus will be on signalling from the U.S. Fed regarding a likely rate cut at the September meeting, the second since the Great Recession Link


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balwinderdev