Do Cryptos Need Backing?
When the rate of Bitcoin decreases, predictions that the cryptocurrency is in for a "total collapse" multiply like mushrooms after a shower. The winner of the Nobel Prize in Economics Paul Krugman did also forecast the same outcome. The expert says that the problem of Bitcoin is that it does not have backing, although, in fact, this does not prevent an increasing number of people from being interested in buying it.
Learn More Now! >
When the rate of Bitcoin decreases, predictions that the cryptocurrency is in for a "total collapse" multiply like mushrooms after a shower. The winner of the Nobel Prize in Economics Paul Krugman did also forecast the same outcome. The expert says that the problem of Bitcoin is that it does not have backing, although, in fact, this does not prevent an increasing number of people from being interested in buying it.
Learn More Now! >
decenter.org
Do Cryptos Need Backing?
The question of whether digital assets need physical backing is as old as the digital industry and the debates are ongoing.
Bitcoin Cash: First Working Year Digest
On August 1, 2017, at about 2:14 PM New York time, after block 478,558, miners managed to achieve the fork of Bitcoin and form Bitcoin Cash. Twelve months later, a new coin with its own blockchain won the trust of many users, and on the day of birth it traded at $765 with a market capitalization of $13,219,209,824 and ranked fourth in the overall list. How was the Bitcoin Cash project able to achieve such indicators and is this cryptocurrency the main competitor of Bitcoin?
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On August 1, 2017, at about 2:14 PM New York time, after block 478,558, miners managed to achieve the fork of Bitcoin and form Bitcoin Cash. Twelve months later, a new coin with its own blockchain won the trust of many users, and on the day of birth it traded at $765 with a market capitalization of $13,219,209,824 and ranked fourth in the overall list. How was the Bitcoin Cash project able to achieve such indicators and is this cryptocurrency the main competitor of Bitcoin?
Read More >
decenter.org
Bitcoin Cash: First Working Year Digest
Bitcoin Cash celebrated its first birthday as we delve into the maelstrom of debates surrounding it.
📨 #DeCenterDaily
❓ Goldman Sachs plans to offer clients custody for crypto funds, insider sources told Bloomberg.
via Bloomberg
🇯🇵 The Japan Virtual Currency Exchange Association (JVCEA) has applied for certification from the country’s financial regulator to form a self-regulatory body.
via ccn
✅ Crypto trading app Robinhood has listed Ethereum Classic (ETC), which led the cryptocurrency to surge in price.
via CoinDesk
🇺🇸 The chair of the Judiciary Committee of the U.S. House of Representatives reported that he owns between $17,000 and $80,000 in digital currency in his annual Financial Disclosure Statement.
via Bitcoin.com
🗓 tZERO’s Security Token Offering (STO) came to an end.
via Cointelegraph
❓ Goldman Sachs plans to offer clients custody for crypto funds, insider sources told Bloomberg.
via Bloomberg
🇯🇵 The Japan Virtual Currency Exchange Association (JVCEA) has applied for certification from the country’s financial regulator to form a self-regulatory body.
via ccn
✅ Crypto trading app Robinhood has listed Ethereum Classic (ETC), which led the cryptocurrency to surge in price.
via CoinDesk
🇺🇸 The chair of the Judiciary Committee of the U.S. House of Representatives reported that he owns between $17,000 and $80,000 in digital currency in his annual Financial Disclosure Statement.
via Bitcoin.com
🗓 tZERO’s Security Token Offering (STO) came to an end.
via Cointelegraph
Just months after the DAO collapsed, sending shock waves through the cryptocurrency industry, economist Oliver Hart won a Nobel Prize for work that might have stopped the debacle.
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“The volume has grown tremendously, the amount of transactions and the dollar value has grown tremendously over the years in criminal activity, but the ratio has decreased,” said Lilita Infante, a special agent at the U.S. Drug Enforcement Administration. “The majority of transactions are used for price speculation.”
Read More >
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Bloomberg.com
Bitcoin Speculators, Not Drug Dealers, Dominate Crypto Use Now
The ratio of legal to illegal activity in Bitcoin has flipped
Spoon vs. Fork: Everyone Knows about Hard Forks, but What Is a Hard Spoon?
The term was coined by Jae Kwon, the Tendermint protocol inventor. “Hard spoon is a new chain that takes into account state from an existing chain; not to compete, but to provide broad access,” he explains.
Vitalik Buterin gives the following definition: “A hard spoon is a meta-protocol on top of a blockchain creating a token that inherits the blockchain’s underlying token’s balances. The idea of a soft spoon would be to create two competing branches of a protocol within the same blockchain.”
The key feature here is that a hard spoon is non-contentious. It does not aim to compete with or take market share from an original chain. A hard spoon occurs when a new cryptocurrency is minted by replicating the account balances of an existing cryptocurrency.
Developers announced the Cosmos Network-powered hard spoons of Ethereum and OmiseGO, but the actual release dates are still unknown.
#flashcards
The term was coined by Jae Kwon, the Tendermint protocol inventor. “Hard spoon is a new chain that takes into account state from an existing chain; not to compete, but to provide broad access,” he explains.
Vitalik Buterin gives the following definition: “A hard spoon is a meta-protocol on top of a blockchain creating a token that inherits the blockchain’s underlying token’s balances. The idea of a soft spoon would be to create two competing branches of a protocol within the same blockchain.”
The key feature here is that a hard spoon is non-contentious. It does not aim to compete with or take market share from an original chain. A hard spoon occurs when a new cryptocurrency is minted by replicating the account balances of an existing cryptocurrency.
Developers announced the Cosmos Network-powered hard spoons of Ethereum and OmiseGO, but the actual release dates are still unknown.
#flashcards
Disappointment from the ETF Turns into the Whales’ Best Game
An op-ed on why the naive dreams of Bitcoin holders about the "flight to the moon" are still far from reality.
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An op-ed on why the naive dreams of Bitcoin holders about the "flight to the moon" are still far from reality.
Learn More! >
decenter.org
Disappointment from the ETF Turns into the Whales’ Best Game
The topsy-turvy crypto market is not giving in to either the bears or the bulls as news backgrounds mull them all.
Google Encroaches on the Blockchain Industry
The world of digital currencies, blockchain, and fintech is not unknown to Google. From 2012 to 2017, the company invested heavily in blockchain. Only the Japanese SBI Holdings surpassed Google in terms of investments, according to CB Insights.
Continue Reading >
The world of digital currencies, blockchain, and fintech is not unknown to Google. From 2012 to 2017, the company invested heavily in blockchain. Only the Japanese SBI Holdings surpassed Google in terms of investments, according to CB Insights.
Continue Reading >
decenter.org
Google Encroaches on the Blockchain Industry
Google is on the move to start fighting for a share of the blockchain market.
📨 #DeCenterDaily
📉 Bitcoin tumbles below $6,500 for the first time since July as SEC postpones its decision on Bitcoin ETF.
via Bloomberg
💵 Coinbase will boost its daily purchase limits to $25,000.
via ccn
🔝 After a pre-Initial Public Offering (IPO) funding round, Bitcoin mining giant Bitmain’s valuation has reached $15 billion.
via Cointelegraph
🇺🇦 Ukraine Central Election Commission member is exploring how the blockchain technology could be used in elections.
via CoinDesk
⭕️ Opera has opened its desktop browser to its recently released mobile crypto wallet.
via Bitcoin.com
📉 Bitcoin tumbles below $6,500 for the first time since July as SEC postpones its decision on Bitcoin ETF.
via Bloomberg
💵 Coinbase will boost its daily purchase limits to $25,000.
via ccn
🔝 After a pre-Initial Public Offering (IPO) funding round, Bitcoin mining giant Bitmain’s valuation has reached $15 billion.
via Cointelegraph
🇺🇦 Ukraine Central Election Commission member is exploring how the blockchain technology could be used in elections.
via CoinDesk
⭕️ Opera has opened its desktop browser to its recently released mobile crypto wallet.
via Bitcoin.com
The Minter blockchain network has become one of the first projects ever to execute the KYC procedure using the Telegram Passport. Usually, it takes an average user several hours—if not days—to complete the registration process on a cryptocurrency exchange. Sum&Substance, which is the KYC/AML solutions market leader, is going to change that for good. The verification process will now take one minute and require a user to upload their passport or government-issued ID and verify their e-mail address and mobile phone number. The response will be available almost instantly!
You may experience this brand new approach on the Minter private sale page: https://www.minter.network/ps
For more detail, check out the article: http://dcntr.org/verify-on-the-fly
You may experience this brand new approach on the Minter private sale page: https://www.minter.network/ps
For more detail, check out the article: http://dcntr.org/verify-on-the-fly
www.minter.network
Minter: digital assets marketplace
Your single gateway to major digital currencies and assets: buy, sell, send, and spend BTC, ETH, BIP, USDC, gold, oil, stocks, and thousands more.
Cointelegraph sat down for an interview with Pierre-Edouard Wahl, the head of blockchain digital services at PwC Switzerland. Mr. Wahl expressed his vision of the future potential of the blockchain technology in the country.
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Cointelegraph
PwC’s Pierre-Edouard Wahl: Blockchain Can Bring Positive Competition to Swiss Banking Space
Head of blockchain at PwC Switzerland Pierre-Edouard Wahl speaks about the need for smarter crypto regulation globally.
Legal Regulation of Crypto Funds
How do you like the idea of taking someone else's money, using it in the crypto market, and returning it while shaving off a percentage of profits? By the way, you risk nothing, because the client is warned about the risks of the insane volatility inherent to the cryptocurrency market. Many people like this idea, and you would be surprised how many results search engines provide on the "how to set up a crypto fund" query.
Learn More Now! >
How do you like the idea of taking someone else's money, using it in the crypto market, and returning it while shaving off a percentage of profits? By the way, you risk nothing, because the client is warned about the risks of the insane volatility inherent to the cryptocurrency market. Many people like this idea, and you would be surprised how many results search engines provide on the "how to set up a crypto fund" query.
Learn More Now! >
decenter.org
Legal Regulation of Crypto Funds
The ins and outs of establishing a crypto fund and all of the nuances related to the procedure.
To Divide or Not to Divide: The NEO Software Update Threatens to Split the Community
The NEO project, formerly known as Antshares, was founded in 2015 with the goal of creating a corporate-level blockchain with an emphasis on identity and smart contracts. After raising more than $3.7 million during the ICO and launching the main network in 2016, the project has already taken a place of honor among the long line of "new Ethereums."
Read More >
The NEO project, formerly known as Antshares, was founded in 2015 with the goal of creating a corporate-level blockchain with an emphasis on identity and smart contracts. After raising more than $3.7 million during the ICO and launching the main network in 2016, the project has already taken a place of honor among the long line of "new Ethereums."
Read More >
decenter.org
To Divide or Not to Divide: The NEO Software Update Threatens to Split the Community
NEO is on the verge of new developments as a software update looms and the community is not happy.
📨 #DeCenterDaily
💵 According to the ICORating’s latest report, 55% of the ICOs failed in Q2 2018.
via ccn
🤝 ShapeShift has announced the acquisition of Bitfract, a software producer that allows users to swap Bitcoin into a number of digital assets in one transaction.
via CoinDesk
🏦 Ledgerx has launched an interest-bearing Bitcoin savings platform.
via Bitcoin.com
📖 In a new study, Yale economists provide the “first-ever comprehensive economic analysis“ of cryptocurrency and the blockchain technology.
via Cointelegraph
🎵 Decentralized music-sharing protocol Audius has raised $5.5 million in a Series A funding round.
via TechCrunch
💵 According to the ICORating’s latest report, 55% of the ICOs failed in Q2 2018.
via ccn
🤝 ShapeShift has announced the acquisition of Bitfract, a software producer that allows users to swap Bitcoin into a number of digital assets in one transaction.
via CoinDesk
🏦 Ledgerx has launched an interest-bearing Bitcoin savings platform.
via Bitcoin.com
📖 In a new study, Yale economists provide the “first-ever comprehensive economic analysis“ of cryptocurrency and the blockchain technology.
via Cointelegraph
🎵 Decentralized music-sharing protocol Audius has raised $5.5 million in a Series A funding round.
via TechCrunch
Remember Nick Szabo’s words about trusted third parties being security holes?
Here is an interactive flow chart showing all of the third parties PayPal shares data with.
Here is an interactive flow chart showing all of the third parties PayPal shares data with.
Microsoft’s cloud platform Azure has introduced a Proof-of-Authority (PoA) consensus algorithm on its Ethereum blockchain product.
Learn More >
Learn More >
Microsoft
Ethereum Proof-of-Authority on Azure
We’ve had great traction with our support of Ethereum on Azure. The existing Proof-of-Work solution has been deployed tens of thousands of times across a variety of industry verticals.
What Is the Howey Test?
It is a test that determines whether a token is a security. There are three key elements:
• the presence of the fact of investing funds;
• whether the fate of the investment depends on the investors or the actions of other parties;
• the expectation of profit as a result of the activities of others.
Each element includes several characteristics, for which correspondence points are awarded. The more points (that is, the higher the probability that all three elements are executed for a token), the more the token corresponds to the definition of a security.
The test was introduced into the economic and legal field in the course of the SEC v. Howey precedent-setting case in 1946. In June 1945, Howey Company, a Florida farm that cultivated citrus in Lake County, decided to lease half of its land to "finance additional development." This was later deemed as a securities offering.
In 2016, Coinbase, Coin Center, Union Square Ventures, and Consensys suggested using the test in the blockchain industry.
By the way, it was this test that helped judge Andrea Simonton of the Southern District of Florida determine the security status of the CTR token, which was endorsed by boxer Floyd Mayweather.
#flashcards
It is a test that determines whether a token is a security. There are three key elements:
• the presence of the fact of investing funds;
• whether the fate of the investment depends on the investors or the actions of other parties;
• the expectation of profit as a result of the activities of others.
Each element includes several characteristics, for which correspondence points are awarded. The more points (that is, the higher the probability that all three elements are executed for a token), the more the token corresponds to the definition of a security.
The test was introduced into the economic and legal field in the course of the SEC v. Howey precedent-setting case in 1946. In June 1945, Howey Company, a Florida farm that cultivated citrus in Lake County, decided to lease half of its land to "finance additional development." This was later deemed as a securities offering.
In 2016, Coinbase, Coin Center, Union Square Ventures, and Consensys suggested using the test in the blockchain industry.
By the way, it was this test that helped judge Andrea Simonton of the Southern District of Florida determine the security status of the CTR token, which was endorsed by boxer Floyd Mayweather.
#flashcards
Insurance in the Crypto Industry: Is It Possible to Insure the Risks Associated with Bitcoin’s Volatility?
It is no secret that the cryptocurrency market is still highly risky. And it is not just about volatility, but also about hacking attacks aimed at both exchanges and individuals. Therefore, the situation with insurance of crypto assets is quite acute today. The insurance procedure itself, however, raises more questions than it grants answers. What exactly can we insure? How will the asset assessment process take place? Who can do it?
Learn More Now! >
It is no secret that the cryptocurrency market is still highly risky. And it is not just about volatility, but also about hacking attacks aimed at both exchanges and individuals. Therefore, the situation with insurance of crypto assets is quite acute today. The insurance procedure itself, however, raises more questions than it grants answers. What exactly can we insure? How will the asset assessment process take place? Who can do it?
Learn More Now! >
decenter.org
Insurance in the Crypto Industry: Is It Possible to Insure the Risks Associated with Bitcoin’s Volatility?
Is it possible to insure something that is as volatile as a pure spirit left under the sun?
The Rial Is Falling and the Volume of Crypto Investments Is Growing
Last week, Iran's national currency, the rial, fell to a record low against the U.S. dollar. 112,000 rials is being offered on the black market for 1 U.S. dollar. In general, the national currency has devalued by three times over the year.
Read More >
Last week, Iran's national currency, the rial, fell to a record low against the U.S. dollar. 112,000 rials is being offered on the black market for 1 U.S. dollar. In general, the national currency has devalued by three times over the year.
Read More >
decenter.org
The Rial Is Falling and the Volume of Crypto Investments Is Growing
The Iranian rial may be spiraling down the economic drain, but cryptos are saving the Iranian people.
📨 #DeCenterDaily
🇦🇺 Commonwealth Bank of Australia (CBA) has been mandated by the World Bank to arrange a blockchain-based bond issue.
via ccn
👀 Binance unveiled the platform’s first look at its upcoming decentralized exchange (DEX).
via Cointelegraph
💵 Chinese private equity firm will invest $270 million in Overstock blockchain subsidiary.
via Forbes
🇨🇳 Tencent is piloting the blockchain technology on its WeChat app to speed up reimbursement of expenses for company employees.
via CoinDesk
🇺🇦 Ukrainian authorities consider introducing a 5% tax on cryptocurrency income.
via Bitcoin.com
🇦🇺 Commonwealth Bank of Australia (CBA) has been mandated by the World Bank to arrange a blockchain-based bond issue.
via ccn
👀 Binance unveiled the platform’s first look at its upcoming decentralized exchange (DEX).
via Cointelegraph
💵 Chinese private equity firm will invest $270 million in Overstock blockchain subsidiary.
via Forbes
🇨🇳 Tencent is piloting the blockchain technology on its WeChat app to speed up reimbursement of expenses for company employees.
via CoinDesk
🇺🇦 Ukrainian authorities consider introducing a 5% tax on cryptocurrency income.
via Bitcoin.com