"The approval of Stellar Lumens is significant, because it signals that regulators don’t view the virtual currency as a security." - Fortune ANCHORS USD Asset by Stronghold on Network An anchored USD asset issued by Stronghold has appeared on the network with what looks like some initial test offers. Link REGULATIONS NYDFS Approves Lumen Trading The New York financial regulator's approval of lumens on the itBit exchange "signals that regulators don’t view the virtual currency as a security." ItBit CEO: “That’s why we’ve added them to the exchange. If they were a security, you’d have to go through a different process.” All that said, this is not a statement by the SEC. Link PROTOCOL Draft of an Updated SCP Paper Prof. David Mazières pushed a link to a new draft of the Stellar Consensus Protocol to the GitHub repo. It looks like this update will make the white paper more readable. Link ECOSYSTEM AngelList Spinoff to Issue Token on Stellar “Republic, a crowd-equity platform that can help ICO issuers manage token sales that was spun out of AngelList, has raised $12 million in commitments for a token presale” from Binance and NEO. They are issuing their token on the Stellar network: "First and foremost it's a lot cheaper and secondly it's more secure, given that what we do is not heavy on smart contracts. ERC-20 is more susceptible to hacking and security risks." Link PROTOCOL A Fix for DEX Order Book Manipulation A feature of the DEX allows you to put in multiple offers for the same asset across many different anchor providers. Because this means you could submit offers for more than what you have, it makes it easier to manipulate the order books. SDF is proposing changes to the protocol in CAP-0003 that only allow you to sell what you have. Link NETWORK Node Uptime Monitoring The Stellar dashboard now monitors long-term uptime for core nodes in the network. Link NETWORK 500,000 Accounts Strong According to StellarExpert, the Stellar network just passed 500,000 accounts, up from 162,000 at the beginning of the year. Link ECOSYSTEM Credit History for the Unbanked Built on Stellar, LendLedger “unlocks data on informal and small business borrowers, making it viable for lenders to offer” loans to the unbanked and underbanked. Link PROTOCOL Considering Fees on Asset Transactions There is discussion of building in the option for an anchor to charge a fee on transactions that include the anchor’s asset. It sounds like the motivation is to provide better business models for anchors and attract more anchors to the network. Link ECOSYSTEM Tempo ICO Tempo CTO Anthony Barker discussed cross border payment progress, 10k physical locations that will sell lumens in Europe & Russia, issuing a debit card that will convert any token into payment (e.g. buying coffee with real estate tokens), and a future Tempo ICO at the Stellar meet up in Amsterdam. Link ANCHORS Anchored Nigerian Naira on a DEX UI DEX UI Interstellar has directly integrated Nigerian Naira - anchored by Cowrie Integrated Systems Limited - into its interface. "Nigerians now have an easy to use user experience to buy and sell cryptocurrencies in exchange for Naira instantly, straight to and from one’s bank account." Link WEEKLY TASK Give @abuiles feedback on his plan to create a set of tutorials on how to create an app similar to Venmo using Stellar. Link WEEKLY GIF Consensus means achieving agreement across many validators in a network. Unlike a bank’s single ledger of account balances, the validators must all agree on each new ledger and be able to tolerate validators that lie. JOBS Blockchain Solutions Architect

IBM | UAE EVENTS BlocBash San Antonio

Zachary Freundt, Community Manager, to speak.

June 16, 2018 | San Antonio



Blockchain for Finance

Ella Qiang, Director of Partnerships, to speak.

June 20-21, 2018 | Singapore Zachary Freundt, Community Manager, to speak.June 16, 2018 | San AntonioElla Qiang, Director of Partnerships, to speak.June 20-21, 2018 | Singapore ❤️,

- Kyle ( @kylemccollom ) Did someone forward this email to you? Sign up to receive an email like this one every week. I find the most interesting Stellar developments from the week and deliver them to you every Friday morning.