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Token Daily for Sept 10

 

Congrats! By signing up for the Bitcoin Bundle giveaway, you became the newest member of the Token Daily community ๐Ÿค—

Starting today, we'll send you our daily digest of the coolest happenings in the 
cryptosphere. Have a crypto or blockchain project of your own that you'd like to share with the community? Drop us a note ([email protected]) - we'd love to learn all about it.
 


TWEET OF THE DAY



"Be kind to everyone you meet because you never know what bags they're hodling."


- cryptograffiti.
 

 
  

IN CASE YOU MISSED IT



๐Ÿ’ต USD-backed stablecoins Today, both Paxos and Gemini announced their USD-backed stablecoins, approved by the NYDFS. Conor O'Hanlon outlines some commonalities between Gemini Dollars and the Paxos Standard including the ability for law enforcement to freeze accounts, monthly auditing of account balances, segregated deposit accounts and money market accounts/US treasuries, and ERC-20.


๐ŸŒƒ Citigroup is the latest bank to launch a crypto custody solution. The team's created a Digital Asset Receipt (DAR) which helps clients invest in cryptocurrencies (without owning them). 



For a complete list of today's trending articles, head on over here.


  

READS OF THE DAY



๐Ÿ“– Cliffhangers The third post of Laurent's series on Bitcoin's PoW which explores the idea of "an optimal age of the UTXOs."


  


๐Ÿ“– Bubbles, Narratives, and Mass Movements Tony Sheng on the nature of crypto bubbles and the psychology of its participants.


  
 

THOUGHT OF THE DAY


Opinions and observations from our readers. Have a thought you'd like to share? Reply directly to today's issue, and we'll review your submission.

Ari Paul:
 

"Iโ€™m often asked for advice by people looking to break into cryptocurrency. Hopefully, the following is helpful โ€“ I cover a very broad variety of backgrounds and goals (accountants, lawyers, traders, developers, etc).

First โ€“ weโ€™re at the โ€œsweetโ€ spot for job hunting in cryptocurrency right now. A year ago, there were hardly any options. There simply werenโ€™t many cryptocurrency companies or investment firms on the planet and those that existed were small and mostly hiring via personal relationships. Today, thereโ€™s a wonderful set of options that span the spectrum of risk and upside potential.

Before diving into specific career paths, let me ask you three important questions to start noodling on:"



Read the full Token Daily exclusive over here.
 
      
QUESTION OF THE DAY 


In the event of an Ethereum collapse, do you think the token economy built on top of it would be portable to other platforms?

Jameson Lopp shares his thoughts.

 

  
LAUNCHES OF THE DAY 


๐Ÿš€ Interstellar: Chain and Stellar officially went public with the merger today.
 

      



๐Ÿ‘พ ERC721x: Loom just announced ERC721x - an extension of ERC721 that adds support for multi-fungible tokens and batch transfers (while staying fully backward compatible).


      
 


๐Ÿ‡ฉ๐Ÿ‡ช ETHBerlin: To see the full list of ethereum projects that launched during ETHBerlin, hop on over here. And in case you're wondering, the next ETHGlobal event is in SF on October 5-7. You can sign up to attend here


      

 

THING TO KNOW


Tumbler

Tumblers make it difficult to prove where cryptocurrencies came from. A tumbler tries to remove the link between the original transaction and final address of the coin by sending coins from you to other people and coins from them to you. It also randomizes transaction amounts and can add time delays to the transactions. 
 

  
 



 

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