We are excited to give you a new edition of GateHub Staff Picks. This month was special for us with the launch of PayID. We also saw some cool stuff in the legal/compliance department, a podcast with Stefan Thomas and we have a movie coming up about Satoshi Nakamoto. Have a look and have fun!

From our Compliance team

Cryptocurrency Firms Now Recognized as Money Service Businesses in Canada
From today onwards, Canadian firms operating with virtual currencies will be legally recognized as Money Service Businesses.

Canada’s cryptocurrency firms were recognised as Money Service Businesses (MSB) as of June 1st. This adds legitimacy to Canadian cryptocurrency firms via regulations and gives relief to the previously unregulated market of virtual currency dealers there.

Introducing Investigation and Compliance Support for Dash and Zcash
We just launched support for two notable cryptocurrencies in Chainalysis Reactor and KYT (Know Your Transaction): Dash and Zcash.

Chainalysis, arguably, the leading blockchain analysis platform has added support for Dash (DASH) and Zcash (ZEC), two prominent privacy coins. This featured article also contains an explanation of Dash and Zcash privacy features which is a must read for any cryptocurrency enthusiast.

From our Product team

Is fintech the future of the internet?
Fintech Beat sits down with Stefan Thomas, the CEO of Coil, to talk about why the internet is becoming “centralized” — and how upgrading the internet’s payment structure could revolutionize how it operates.

Stefan Thomas, the CEO of Coil, talks about the fundamental problems small content creators are facing on the internet and how to enable value to move from consumer directly to creators, the infamous 402 Payment Required error that is “Reserved for later use”, blockchain, unopinionated payment networks and more.

Satoshi Nakamoto Kidnapped, Tortured by NSA to Destroy Crypto in New Movie ‘Decrypted’ | News Bitcoin News
Decrypted, a new crypto movie about Satoshi Nakamoto, the mysterious creator of Bitcoin, is in production. In this “outrageous and provocative dark comedy,” Satoshi Nakamoto is kidnapped by the NSA and tortured for information that could help the government destroy cryptocurrency.

Decrypted, a dark comedy movie, written by Mick Sands and directed by Tom Sands is being filmed. Centered on Satoshi Nakamoto, the creator of Bitcoin, who is kidnaped and tortured for information by the NSA. It’s exciting to see a movie by enthusiasts for enthusiasts filmed  on the topic of cryptocurrency.

Industry Leaders Launch PayID, the Universal ID for Payments
Today, leading technology, finance and nonprofit companies join forces to announce the launch of PayID, a universal payment ID to simplify the process

The month of June 2020 will be remembered at GateHub by the launch of PayID. A new open-source protocol that uses human-readable identifiers much like email for payments. Be sure to also check out our press release and blog if you haven’t already.

Our Blogs for June 2020

Kicked off the month with some general knowledge blogs and then focused on our PayID release and everything that is relevant to this feature.

Notable dates

  • June 18 - PayID production launch
  • June 25 - PayID developer conference and Grant for the Web call for proposals ends