Fusion FSN

$0.4827
Market Cap $ 14.409 MM (#219)
24h Volume $ 380.129 K
Chg. 24h: -0.84%
Algo. score 3.0/5  (#432)
Show Quick Stats

Fusion News

Thanks to the @ethfinex community for their interesting ques...

Thanks to the @ethfinex community for their interesting questions during the Fusion #AMA in the Ethfinex Telegram c… https://t.co/jaXWrDBCZq

12 hours ago

The Fusion Product team have been working with AXP to build ...

The Fusion Product team have been working with AXP to build out a Proof-of-Concept. We are happy to share our progr… https://t.co/qoxj47cG7I

2 days ago

Fusion Product Strategist John Liu and AXP CEO Max Kane sat ...

Fusion Product Strategist John Liu and AXP CEO Max Kane sat down together to answer the communities questions about… https://t.co/IRVEIFV8fe

3 days ago

Why is #MatrixAINetwork a true fusion of AI and blockchain? ...

Why is #MatrixAINetwork a true fusion of AI and blockchain? • Code-free Smart Contracts • On-chain AI Server • Gen… https://t.co/weeZqgZ1Ys

7 days ago

Q&A with @digitaljournal and Fusion Head of Product, Joh...

Q&A with @digitaljournal and Fusion Head of Product, John Lui, discussing how Fusion and AXP are driving down fraud… https://t.co/1SSWhnimSQ

16 days ago

Fusion wins two awards at World Blockchain Security Conferen...

Fusion wins two awards at World Blockchain Security Conference held at the Hong Kong University of Science and Tech… https://t.co/YSLlVcdDpC

18 days ago

Feeling It: Cryptocurrency Consumer Goods And 2020 Vision

The narrative is all about how 2018 was a terrible year for crypto. And yes, the market correction after a false bubble always gets people. But it’s not a sign of the failure of crypto - the industry grew while the market shrank. I spent 2018 researching the ever-changing top 100 cryptocurrencies by market cap. By the end of 2018, I finally reinvested in crypto (I dabbled in BTC and LTC in their early years) and had a slew of crypto-themed socks and coins. These days I’m flossin in my blue-collar Lambo (read: the 2011 Ford Fusion my paychecks afford me) and an upgraded one-bedroom apartment in a nicer part of town. But it’s not just personal fortune that gives me hope for crypto and blockchain moving toward 2020. Cryptocurrency and blockchain are on the verge of breaking through and becoming ‘real’... You Can’t Floss a Bitcoin There’s a reason we focus more on the markets than anything else - it’s how we all judged Bitcoin, whether we like to admit it or not. But besides buying a Lambo and renting Mike Tyson’s old Las Vegas mansion, everyone found it hard to show off their newfound crypto fortunes. Like an E! True Hollywood Story of lottery winners, child celebrities, and other new money, people went to zany extremes to “feel” rich with their newfound wealth. Even I found it hard to explain my newfound enthusiasm in crypto. Blockchain, trust systems, mining algorithms, forks, and distributed ledgers don’t make for interesting holiday conversations. I mostly just smile and talk about the weather. Bitcoin made real people real money. Crypto and blockchain are real markets with real technological innovations, products, and services. But I didn’t have anything real I could show people. I could only talk about it, and the Snowflake Generation is known for being all talk. We live in a “pics or it didn’t happen” society, and the graphs were only cool pics to show people when they were skyrocketing upward in an unnatural way. It was in the weeks following CES 2019 that I came up with the answer - consumer products. It’s Real If You Can Touch It Reality is a great philosophical debate. What’s real, anyway? As a bank whistleblower, my debate against the reality of economics is this: it won’t hurt as much if I throw economics in your face, as it would if tossed a rock at you. Some people don’t even believe space is real because they haven’t seen it. You’re never going to convince a flat-earther about the utility of PoS over PoW. Cryptocurrency and blockchain have thousands of use-cases, but what I believe will be the breakout star through 2020 are the consumer goods. Here’s a quick rundown of what I’ve been pulling in over the past few months to get hands-on with: Disclaimer - The author may have received some of these products for free for purposes of providing hands-on reviews. No financial consideration was given, and this list does not contain affiliate links. Hardware and Cold Wallets OpenDime Ledger Nano S Trezor Model T ARCHOS Safe-T SecuX W20 Denarium Bitcoin D’Cent BitBox Crypto Seed/Key Storage Cryptosteel Blockplate ColdTi Yubico Yubikey Crypto Key Stack Billfodl This isn’t even close to all of them. There are also cards, phones, and so much more crypto gear on the way. In fact, if you make any physical crypto products, send them my way - I’m working on more video content, and those work great. You can reach me at brianpenny@cryptobriefing.com or on social media, or in our Telegram group. Because I’ll be adding these products to my cryptocurrency intro guide load to make sure we introduce the world to these physical products. More are popping up all the time, and sooner or later, one of these products is going to become iconic. It’ll show up in movies and on popular YouTube feeds. Everyone will own one. Each release will be heralded like the next Galaxy or iPhone. That doesn’t necessarily mean these companies are going to generate the type of revenue B2B enterprise-grade blockchains will. They’ll just become the public face - the mascot that Bitcoin only is in spirit. Mickey Mouse may be the face of Disney, but it’s Disneyland and those Mickey scalps everyone wears (s/o to Norm Macdonald). I’ve been investing in cryptocurrencies since late December, and the market has been great to me. I have a lot to smile about. When people ask why, I pull out a shiny object and let them hold it as I explain how much deeper the rabbit hole goes than Bitcoin. It’s my Goldilocks zone between the douchebaggery of showing them a Lambo, or giving a speech on abstract tech and finance topics. I suggest you try it. The author is invested in digital assets, including Bitcoin and Litecoin, which are mentioned in this article. Join the conversation on Telegram and Twitter! The post Feeling It: Cryptocurrency Consumer Goods And 2020 Vision appeared first on Crypto Briefing.

19 days ago

Fusion is excited to welcome to the team its Director of Par...

Fusion is excited to welcome to the team its Director of Partnerships, Bariq Sikandari. Please join us at 10AM EST… https://t.co/NGY5CSYvws

23 days ago

AI detection, integrated into Matrix #Mainnet blocks. More ...

AI detection, integrated into Matrix #Mainnet blocks. More #AI + blockchain fusion to come.… https://t.co/Av7RryWaG7

23 days ago

2 Crypto Startups Aim to List 10 Million Used Cars on Blockchain

Fusion Foundation and the Automotive eXchange Platform (AXP) are partnering to develop a platform that brings the U.S. used car market and its insurance and financing component to blockchain. Fusion Foundation is a crypto-based non-profit and its blockchain platform will merge with AXP’s current database and stock of 10.5 million vehicles to ensure that they are tracked and audited properly. AXP CEO Max Kane said “There’s a million vehicles on the road that have ‘washed’ titles and’ and this means the industry is rife with fraud. Kane also said that the insurance industry if riddled with fraudulent, missing and intentionally incorrect information and Fusion Foundation’s blockchain product could help to address these issues. Currently,​ AXP’s network includes nearly 25,000 independent car dealers spread throughout the U.S. and Fusion Foundation chief product officer John Lui explained that the current pilot could include state-based government agencies and the Department of Motor Vehicles (DMV). The system is scheduled to launch during the first half of 2019 and it is expected to process between $60 to $100 million car financing loans. (RS)

a month ago

'Cryptocurrency non-profit, the Fusion Foundation @FUSIONPro...

'Cryptocurrency non-profit, the Fusion Foundation @FUSIONProtocol , and the Automotive eXchange Platform (AXP) are… https://t.co/OkyOEvVihA

a month ago

BIG Blockchain Intelligence Group launches center to notify on crypto thefts

BIG Blockchain Intelligence Group (BIG), a developer, and provider of cryptocurrency risk-scoring and data analytics tools, training and investigation services, announced today it has launched the Crypto Fusion Center (CFC) to serve as a community resource dedicated to fighting the criminal use of... Source

a month ago

Fusion is incentivizing staking participants to hold onto th...

Fusion is incentivizing staking participants to hold onto their #FSN tokens during the Payable Stage Network whilst… https://t.co/taJXaKgjQp

2 months ago

Living On Bitcoin Day 2: Being “Unbanked” Has Been Easy ... But Also Hard

This is the second instalment of reporter Colin Harper's "Living on Bitcoin" experience in San Francisco. Find out what happened to him on Day 1 here.I woke up on Christian’s couch stiff-necked and cotton-mouthed. A bit more fitting for the “living on internet money” survival vibe, yeah?A friend of a friend of Christian’s roommates (who are starting a business and moving to LA today) was out cold on an air mattress next to a stripped Christmas tree, snoring into the streams of soon-after-sunrise light filtering through the window. Another blow-up mattress adjacent to the couch was vacant. Its former occupant, Julian Martinez, a copywriter at Quantstamp and Christian’s friend, had left early in the morning, politely folding his sheets before he left.I trundled into the kitchen in search of coffee. Christian and his housemates grind their coffee and use a french press, which seemed rightly authentic for San Francisco. The Philz whole coffee beans were stashed in a cupboard along with some almond flour (also on point), spices and other ostensibly hipster culinary staples.Christian came in and we prepped the press. Sitting down for a cup in the dining area, the view from his apartment window seat offered up a gorgeous morning landscape of the residential area with the bay at its back.As he and his girlfriend left to pick up breakfast, I was confronted with the task of condensing the whole of yesterday’s events. In the flurry the day had become, I recorded the experience in scatterings between my phone, laptop and journal, typing or jotting whenever I had the time or inspiration struck. The words were distributed. It was just a matter of pulling them together and making them fit.So most of Saturday was spent reconciling how to pare down the experience (2,900 words later, I didn’t do a very good job). Christian and his girlfriend brought me back a croque madame from a local bakery and the San Franciscan sourdough lived up to its reputation. I wouldn’t wrap up the first draft until probably 6:00 p.m. that night.Of course, there were interruptions (like eating) that involved my careful attention and purchase planning. I still hadn’t done a point-of-sale (PoS) with bitcoin, and I thought I would have the opportunity at lunch with Curry Up Now.The once-foodtruck, now-local chain has become a sensation with its uncanny Indian-Mex and world food fusion fare. Chicken tikka masala burritos, deconstructed samosas and aloo gobi tacos coexist with Indian street food, pub food with a curried twist and even fried ravioli with masala dip.At one point in time, they accepted bitcoin, and most resources (like coinmap.org) indicated as much. But when I called to confirm, a hurried employee shot down my hopes.“No, I’m sorry we don’t,” she said, a bit short and stressed, with the commotion of a popular restaurant audible in the background.Hanging up, I hoped it wasn’t an omen for the other restaurants I was planning to call.Bummed as I was not to get to buy direct, the menu left me salivating so I ordered a tikka masala burrito with Uber Eats using my Bitrefill-bought Uber credit.Amazingly, when it arrived, I managed to lock myself out of Christian’s apartment while he, his girlfriend and a future roommate went to lunch. At least I had food and rooftop access.I took the mishap as an excuse to take a break from writing and go enjoy the view on the roof. Up top, I tore into my burrito (which is a divinely inspired culinary design, I’m convinced) and surveyed the vibrant view of a lazy Saturday.I wasn’t too concerned by the lockening, mainly because I knew Christian and friends would be home shortly. Plus my phone had a healthy charge so I could get somewhere if I needed to, though my BRD wallet had been a glitchy cause for concern. But I wasn’t going to starve while they were gone, so locking myself out was more of a dunce-cap moment than a shot in the foot.They got home when I was halfway through with my burrito. Great when life works out like that (sucks when it doesn’t though). Like the way transportation was panning out — and not just for me.Running around in Ubers all week is going to beat up my wallet pretty good and already has. Christian offered to mitigate the problem by renting me his bike, so when he got back he took me to the house’s garage to dig it out.When he opened the door, there was a pile of bikes chained together, none of which belonged to Christian’s house. They belonged to his neighbors, but their bikes were gone. Earlier, Christian had been griping about his roommate Matt leaving the cover off the rooftop grill — looks like he might have forgotten to lock up the bikes (and the garage), too. I wasn’t the only one with bike woes.Sucks when it doesn’t though.If I can buy a bike with bitcoin while I’m here, I intend to donate it to Christian’s house — a gesture of good faith for letting me shack up.Maybe that will be my first IRL transaction in this tech city.I stayed in the rest of the day, in part to write but

2 months ago

#Fusion is excited to introduce our Knowledge Center, making...

#Fusion is excited to introduce our Knowledge Center, making it easy to access and explore useful Fusion documentat… https://t.co/edhsw7iTVe

2 months ago

PKF Malta Embraces the Blockchain by Launching an Innovation Marvel Bitpod

PKF Malta is committed to embracing blockchain technology through its new investment. The firm will invest in the development of Bitpod, a project focussed on fueling research and development specifically on the burgeoning fusion between technology and the financial world. According to PKF's George Mangion, the blockchain and virtual financial assets will play an essential role in this experiment. Additionally, he stated that a report would be published at the year-end outlining the project's observations, findings, conclusions, and results. During the launch, Mr. Mangion thanked the government for crypto friendly regulations and urged other private companies to enter the blockchain space. (KE)

2 months ago

Since the successful launch of the #Fusion Payable Staging N...

Since the successful launch of the #Fusion Payable Staging Network, the Fusion Technical Team has been busy stabili… https://t.co/kF4PdG9aSt

2 months ago

Litecoin [LTC/USD] Technical Analysis: Cryptocurrency to move along with the bulls on a long run

The cryptocurrency market seems to have recovered from the bearish hit after Bitcoin [BTC] crossed the $4,000 mark this Sunday. Most of the digital assets have shown a significant surge in the past week. Litecoin [LTC] is one of the top gainers for the week with a massive 31.5% hike. At press time, LTC is trading at $40.53, with a market cap of $2.4 billion. The cryptocurrency is currently at the sixth spot in the market list right below EOS. It has also shown 6.2% hike in the daily statistics. About 10% of the trading volume is seen to be on an exchange named Bit-Z for LTC/BTC trading pair. 1-hour LTC 1 hour chart | Source: TradingView The hourly chart of LTC is showing a significant uptrend ranging between $33.62 - $40.65 - $41.76, with a support point set at $29.63. The Parabolic SAR has been depicting a fusion of upward and downward trend from the time LTC was on its sideways movement. However, the indicator is currently forming the dots below the candlesticks showing a bullish trend. The Awesome Oscillator is demonstrating a bullish trend for LTC as the green spikes are picking up the momentum right now. Chaikin Money Flow is moving upwards indicating that there is a strong inflow of money in the LTC market compared to yesterday’s market scenario. 1-day LTC 1 day chart | Source: TradingView The daily chart of Litecoin [LTC] shows a downtrend extending from $176.76 - $40.2 and an uptrend from $24.03 - $28.03 - $38.05. Also, the resistance is formed at $96.28 and $117.8. The Bollinger Bands is depicting a bullish momentum for the cryptocurrency as the candlesticks are forming above the moving average line. The MACD has taken a bullish crossover wherein, both moving average and signal line is moving upwards. The Relative Strength Index shows that the buying pressure is higher than the selling pressure in this timeframe as the indicator is moving towards the overbought zone. Conclusion All the indicators are demonstrating a strong bullish trend, in the case of Litecoin. However, the diverging Bollinger Bands indicate that there are chances of slight volatility in the market. The post Litecoin [LTC/USD] Technical Analysis: Cryptocurrency to move along with the bulls on a long run appeared first on AMBCrypto.

2 months ago

Crypto Adoption: Pro-Blockchain Overstock Pays Taxes In Bitcoin (BTC)

Overstock Pays Business Taxes In Bitcoin According to a press release from Overstock.com’s Investor portal, the Salt Lake City-headquartered online retailer and blockchain technology startup will begin to pay its business taxes with Bitcoin (BTC). You might be thinking — the U.S. seems to avoid crypto like its the plague, so how is this possible? Well, as reported by Ethereum World News previously, per a piece from the Wall Street Journal, an Ohio politician, Treasurer Josh Mandel, pushed his state to accept BTC for 28 types of business taxes, which range from taxes on cigarette sales to employment taxes. To support this effort, Mandel, a lesser-known Bitcoin enthusiast, launched OhioCrypto.com, which allows interested businesses to register themselves for the service. Unsurprisingly, Ohio accepts the payments via BitPay, which converts the Bitcoin payments into fiat for government treasuries. But this medium of adoption has been appreciated nonetheless. Per the aforementioned release, from henceforth, Overstock will pay a “portion of its Ohio state business taxes in Bitcoin” via the aforementioned platform. More specifically, the online retailer, which pulled in $1.74 billion in revenue in 2017, will pay its commercial activity taxes with BTC. Speaking on the matter, fervent blockchain advocate and chief of Overstock, Patrick Byrne, stated: We have long thought that thoughtful governmental adoption of emerging technologies such as cryptocurrencies (when accompanied by non-restrictive legislation over these technologies) is the best way to ensure the U.S. does not lose our place at the forefront of the ever-advancing global economy Byrne added that he’s happy to be buddy-buddy with Ohio and Mandel, as the two’s efforts will help to “usher in a new era of trust via technology,” especially in the financial system. Interestingly, Mandel recently claimed that Ohio has plans to introduce support for cryptocurrency payments for all forms of taxes by 2020. Overstock Still Bullish On Blockchain Technologies This move only accentuates the fact that Overstock is bullish on blockchain technologies and the byproducts of this innovation. The WSJ recently explained that tZero, a blockchain-based trading platform that is a subsidiary of Overstock, is burning through money quicker than many can utter “HODL.” More specifically, Overstock’s blockchain branch is reportedly burning through a jaw-dropping $2 million a month, with seemingly little-to-no results. However, Byrne, speaking to the Journal in an interview, exclaimed that his firm has “got cold fusion on the blockchain side,” indicating that despite the lack of public knowledge on tZero, progress is being made behind the scenes at an unmatched pace. Bryne went on to tout how optimistic his firm is on this innovation. In fact, Overstock is so optimistic about blockchain technology that the firm intends to cut off (sell/liquidate) its retail arms, before becoming a fully-fledged blockchain startup. But at the moment, this seems to be a quixotic dream, as Overstock’s shareholders don’t seem to be all too pleased with the idea, especially as the stock continues to move lower and lower. But, with ample effort, the American firm could eventually transition to go all-in on blockchain and cryptocurrencies — it’s just a matter of time. So, Overstock could be the sole firm that catapults this nascent technology to the global stage, especially as it shows its “skin in the game” paying business taxes with BTC. BTC and Chart Title Image Courtesy of Andre Francois Mckenzie Via Unsplash The post Crypto Adoption: Pro-Blockchain Overstock Pays Taxes In Bitcoin (BTC) appeared first on Ethereum World News.

3 months ago

The first week isn't even over and the Fusion Community is p...

The first week isn't even over and the Fusion Community is posting some incredible Payable Staged Network Stats. W… https://t.co/DB0UZVBKse

3 months ago

Overstock’s been in a tailspin, and even its CEO’s optimism can’t save the firm from a lack of tokenization

Overstock hit 52-week lows, to $12.35 from the January 1st peak of $86.90. The former retail darling has come a long way from selling discount furniture and is now on its third year of its Grand Blockchain Experiment, with CEO Patrick Byrne first announcing the original t0 “smart-contract trading platform” in a flashy 2015 launch party. Now branding the initiative tZERO, the company saw renewed interest from investors in 2017’s speculative crypto fervor, doubling down on building the platform to focus specifically on regulated blockchain-based securities issuances. With cryptocurrency prices drawing down and global regulatory uncertainty, interest in tokenized securities has cooled as well, leaving the world far less tokenized than many analysts anticipated. Despite this, CEO Byrne has remained confident, claiming in a recent WSJ interview that “[he doesn’t] care whether tZERO is losing $2 million a month,” adding that the team has “cold fusion on the blockchain side.” It’s unclear what he meant with the confusing nuclear metaphor, but perhaps nuclear winter is a more apt comparison: Medici Ventures Inc., the subsidiary housing Overstock’s blockchain experiments and tZERO platform, has lost tens of millions of dollars this year. None of this should be particularly surprising. Overstock’s project was one of many “Blockchain, not Bitcoin” initiatives launched after the 2013-era bitcoin bubble, where global investment banks and fin-tech entrepreneurs pivoted to blockchain in order to manage their credibility. Other enterprise blockchain initiatives and “inter-bank” projects like Digital Asset Holdings, led by weapons of mass destruction credit default swap creator Blythe Masters, are similarly struggling. In the past, Byrne’s perpetual optimism has attracted the attention of world-class investors including Soros’ Quantum Fund, John Burbank’s Passport Capital, and global investment firm GSR Capital. In January, Soros’ firm invested $100m, with $80m ear-marked to Medici Ventures. More recently in August, GSR committed a letter of intent for up to $404 million in investment to tZERO, in the form: Up to $270m in tZERO equity (at $1.5b post-money valuation) $30m purchase of tZERO Security Tokens from Overstock.com Up to $104.55m in shares of parent company Overstock.com common stock In light of recent struggles — both across the industry and with $OSTK’s continued slide, it appears as though investors have grown disillusioned with their initial theses. Per 13F filings, John Burbank’s Passport Capital appears to have trimmed their ownership to 0 with their share ownership declining from 520,498 shares in a March filing to 425,000 shares in a June filing to 0 in a September-dated filing. Soros similarly seems to have shed his position with his stake declining from 2,472,188 shares in a December filing to 0 shares in a March filing. Most pressing, GSR’s commitment seems to have stalled, with Byrne noting in a December 16th 8-K filing that the deal has stalled and the amount previously promised may not close: GSR’s leadership has informed me that GSR still intends to close this deal and is committed to this transaction and our partnership. GSR leadership tells me a key partner from outside of China needed more time to participate in the deal. Given the four-month period from when our initial term sheets were signed with GSR, I am, of course, as disappointed as any shareholder. Although it is uncertain whether the transaction with GSR will close at the same amounts we previously disclosed or at all, we have granted GSR an extension, at its request, until February 28, 2019, to close the transaction. We will continue to work with GSR in good faith during this extension because we value the work they have done and the potential of our partnership. GSR proceeded to complete due diligence and prepare the strategic work before they finalized their investment. Starting in November, GSR transitioned to developing the definitive documents for the GSR investment. By December 14, all parties have incorporated each other’s concerns in the documents “to a largely satisfactory level”. Then, GSR contacted Overstock and asked for an extension. Byrne said that it frustrating that “the delay came at the eleventh hour and fifty-ninth minute.” In the meantime, CEO Byrne’s own optimism may be fading, having reported over 774,000 shares sold via a September Form 4 filing, between prices of $25 and $27. Despite these troubles, the firm proceeds on, most recently working with Bruce Fenton-run Ravencoin to offer a digital securities token and collaborating with GSR, the aforementioned Maybe Investor, to “tokenize the trading of cobalt.” While securities digitization feels inevitable, it seems clear that we’re far from being able to “tokenize the world.” A lot of the core problems people are having with the institutionalization of crypto: global securities law compliance, custody and trading, etc. are still yet unsolved. The majority of the

3 months ago

Overstock struggles while the World isn’t quite Tokenizing

Overstock hit 52-week lows, to $12.35 from the January 1st peak of $86.90. The former retail darling has come a long way from selling discount furniture and is now on its third year of its Grand Blockchain Experiment, with CEO Patrick Byrne first announcing the original t0 “smart-contract trading platform” in a flashy 2015 launch party. Now branding the initiative tZERO, the company saw renewed interest from investors in 2017’s speculative crypto fervor, doubling down on building the platform to focus specifically on regulated blockchain-based securities issuances. With cryptocurrency prices drawing down and global regulatory uncertainty, interest in tokenized securities has cooled as well, leaving the world far less tokenized than many analysts anticipated. Despite this, CEO Byrne has remained confident, claiming in a recent WSJ interview that “[he doesn’t] care whether tZERO is losing $2 million a month,” adding that the team has “cold fusion on the blockchain side.” It’s unclear what he meant with the confusing nuclear metaphor, but perhaps nuclear winter is a more apt comparison: Medici Ventures Inc., the subsidiary housing Overstock’s blockchain experiments and tZERO platform, has lost tens of millions of dollars this year. None of this should be particularly surprising. Overstock’s project was one of many “Blockchain, not Bitcoin” initiatives launched after the 2013-era bitcoin bubble, where global investment banks and fin-tech entrepreneurs pivoted to blockchain in order to manage their credibility. Other enterprise blockchain initiatives and “inter-bank” projects like Digital Asset Holdings, led by weapons of mass destruction credit default swap creator Blythe Masters, are similarly struggling. In the past, Byrne’s perpetual optimism has attracted the attention of world-class investors including Soros’ Quantum Fund, John Burbank’s Passport Capital, and global investment firm GSR Capital. In January, Soros’ firm invested $100m, with $80m ear-marked to Medici Ventures. More recently in August, GSR committed a letter of intent for up to $404 million in investment to tZERO, in the form: Up to $270m in tZERO equity (at $1.5b post-money valuation) $30m purchase of tZERO Security Tokens from Overstock.com Up to $104.55m in shares of parent company Overstock.com common stock In light of recent struggles — both across the industry and with $OSTK’s continued slide, it appears as though investors have grown disillusioned with their initial theses. Per 13F filings, John Burbank’s Passport Capital appears to have trimmed their ownership to 0 with their share ownership declining from 520,498 shares in a March filing to 425,000 shares in a June filing to 0 in a September-dated filing. Soros similarly seems to have shed his position with his stake declining from 2,472,188 shares in a December filing to 0 shares in a March filing. Most pressing, GSR’s commitment seems to have stalled, with Byrne noting in a December 16th 8-K filing that the deal has stalled and the amount previously promised may not close: GSR’s leadership has informed me that GSR still intends to close this deal and is committed to this transaction and our partnership. GSR leadership tells me a key partner from outside of China needed more time to participate in the deal. Given the four-month period from when our initial term sheets were signed with GSR, I am, of course, as disappointed as any shareholder. Although it is uncertain whether the transaction with GSR will close at the same amounts we previously disclosed or at all, we have granted GSR an extension, at its request, until February 28, 2019, to close the transaction. We will continue to work with GSR in good faith during this extension because we value the work they have done and the potential of our partnership. GSR proceeded to complete due diligence and prepare the strategic work before they finalized their investment. Starting in November, GSR transitioned to developing the definitive documents for the GSR investment. By December 14, all parties have incorporated each other’s concerns in the documents “to a largely satisfactory level”. Then, GSR contacted Overstock and asked for an extension. Byrne said that it frustrating that “the delay came at the eleventh hour and fifty-ninth minute.” In the meantime, CEO Byrne’s own optimism may be fading, having reported over 774,000 shares sold via a September Form 4 filing, between prices of $25 and $27. Despite these troubles, the firm proceeds on, most recently working with Bruce Fenton-run Ravencoin to offer a digital securities token and collaborating with GSR, the aforementioned Maybe Investor, to “tokenize the trading of cobalt.” While securities digitization feels inevitable, it’s seems clear that we’re far from being able to “tokenize the world.” A lot of the core problems people are having with the institutionalization of crypto: global securities law compliance, custody and trading, etc. are still yet unsolved. The majority of th

3 months ago

A new version of Fusion 0.10 has been released as well as th...

A new version of Fusion 0.10 has been released as well as the first release of Ubiq Wallet! $UBQ… https://t.co/TB6MtMopBM

3 months ago

Decentralized Financial Service Platform WORBLI Launches Token ShareDrop Event

CoinSpeaker Decentralized Financial Service Platform WORBLI Launches Token ShareDrop Event The disruptive technology has inspired numerous decentralized blockchain applications since its emergence in 2008. With over 2000 systems developed so far in the ‘dapp diaspora’, out of which a huge proportion are fintech products, the effect of relevance for real-world application, compliance, and regulation still pose a significant threat to global-scale adoption of these products. There’s a high degree of discordance between the blockchain technology and traditional finance worlds. WORBLI is being designed to be the bridge between traditional finance and the blockchain, achieved through a global compliant infrastructure. The compliance infrastructure will be built into the base layer, with compliments to the EOS governance layer. Its services will include traditional based financial services absorbing enterprise-grade banking, equity finance, charitable donations, and personal banking leveraging the capabilities of the blockchain. WORBLI offers a user-friendly financial services ecosystem where users, developers, and businesses can access a huge range of powerful applications with limitless possibilities. Startups and enterprises looking for a robust FSN solution will be able to exploit the WORBLI dapp ecosystem. The platform is built on a forked version of the EOS blockchain, where it hosts other decentralized fintech-related dapps. The different dapps designed in the WORBLI ecosystem are rooted into the very core values of the technology itself, providing a smooth transition between traditional financial management systems and blockchain using innovative compliant products that are both scalable and applicable. The WORBLI platform features full AML and KYC user account verification for enterprises, ease-of-access for startups, exchange listing and merchant processing services. Its blockchain infrastructure offers developers a toolkit for dapp creation from within its system upon the EOS blockchain with reversible, and feeless transactions. WORBLI intends to serve the emerging blockchain market, as the current dispensation of blockchain development seeks attention from institutions, making its solutions available to both small and medium-sized enterprises (SMEs), and institutions. Target businesses will include insurance, crowdfunding, accelerator, and venture capitalists. The team is laden with experts in various fields of expertise connected to the fintech industry. With their cumulative experience, each member contributes a huge resource towards the development of the project. One of such immense resource is Craig Kellogg, a veteran in banking technology, with over 2 decades’ worth of experience covering Wells Fargo, US Bank, and GE Capital. At the time of writing, WORBLI currently has two dapps ready to be launched. The Gamma Bank, which is a digital bank offering both fiat and digital currency services featuring a checking account alongside trading facilities. The bank will also be issuing out debit cards to ease transactions involving digital payments. Summarily, Gamma Bank is a service intended to reach the unbanked and lower the entry barrier. The second dapp is known as the Surepeer, a peer-to-peer decentralized insurance market designed to meet the needs of a growing blockchain community. WORBLI’s token WBI is a utility token that will be used within its ecosystem. As part of its development plans, WORBLI has commenced its ShareDrop event of 1,000,000,000 WBI tokens to be sent to EOS holders. Similar to how airdrops work in an Ethereum based project, the distribution of the tokens will be distributed to EOS holders, but only to those who have created a user account on the WORBLI platform, meaning tokens will not be dropped in the EOS wallets. Snapshots of EOS wallets were taken at 11:59 pm UTC on 7th of September 2018. The sharedrop can be claimed by signing up on the WORBLI portal. Decentralized Financial Service Platform WORBLI Launches Token ShareDrop Event

3 months ago

PR: Bringing Blockchain Banking to the Masses: WORBLI has Begun its 1,000,000,000 Token ShareDrop Event

Bitcoin Press Release: Decentralized fintech platform WORBLI is leveraging the EOS network to deliver the first compliant financial services network (FSN) in the world, built on blockchain technology. December 6th, 2018, Valley Point, Singapore - There are many barriers preventing the mass-adoption breakout phase of blockchain technologies. Areas such as compliance, regulation and real-world application are all presently having degrees of effect on industry growth. Traditional Meets Blockchain WORBLI is looking to reshape this landscape by introducing a globally compliant platform, packed with traditional financial tools and applications from enterprise banking and equity finance, to charitable donations and personal finance. The blockchain industry has been in dire need of a platform that bridges the gap between traditional financial and blockchain technology. Startups, enterprises, and individuals who require a robust and supportive FSN can find it with WORBLI; the platform is designed to structurally “reduce friction, provide exponential scale and reach, develop and innovate products only possible as a result of blockchain technology” Built on a forked EOS chain, WORBLI is host to decentralized applications (Dapps) that are focused intently on delivering financial innovations, reliability, compliance and security. Furthermore, those Dapps are backed by several key features of the WORBLI platform, creating a practical space for users. Features include full AML and KYC user account verification for Enterprises, ease-of-access for startups exchange listing and merchant processing services, as well as the WORBLI blockchain infrastructure that is built on an independent EOS blockchain, allowing for built-in developer tools, and reversible, feeless transactions. WORBLI: Enabling Better Business The WORBLI Foundation is a not for profit organization, committed to supplying a transparent FSNwith applications for consumers, small to medium sized enterprises (SMEs), and institutions to relieve pressure from developers, allowing them to focus on their project. There are hundreds of businesses across multiple industries such as Insurance, Crowdfunding, accelerator, and Venture Capitalists, that will benefit from the platform’s offerings. Presently the WORBLI platform already has two Dapps ready to launch, the Gamma Bank, an application designed to reduce entry barriers for the average user, is a fiat and digital currency bank with debit cards, trading and much more to offer. The second is Surepeer, a peer-to-peer (P2P) decentralized insurance market that will be another stable in the emerging needs of the blockchain community. Industry Expertise A firm backbone within the WORBLI team is COO, Craig Kellogg. He’s spent almost 20 years leading banking technology with numerous fintech firms, he’s also been at the helm of strategic initiatives with Wells Fargo, US Bank, and GE Capital where he was previously the Vice President of Technology. ShareDrop Event WORBLI is currently ShareDropping 1,000,000,000 (40%) of its 2,500,000,000 WORBLI token supply to EOS holders. Similar to the conventional AirDrop campaigns, the ShareDrop will be available to participants who create a WORBLI user account as opposed to tokens being received in existing EOS wallets. Don’t miss out on the action - All users who held EOS tokens from the 7th of September 11:159 pm UTC qualify for the token sharedrop which can be claimed by signing up to the Worbli Portal athttps://worbli.io/ Visit the WORBLI Official Site - https://www.worbli.io/ View the Whitepaper - https://www.worbli.io/wp-content/uploads/2018/09/worbli-whitepaper.pdf Short-Paper - https://www.worbli.io/wp-content/uploads/2018/09/worbli-short-paper.pdf Chat on Telegram - https://t.me/worblicommunity Follow on Twitter - https://www.twitter.com/WORBLI Like on Facebook - https://www.facebook.com/worbli Read the Medium - https://www.medium.com/@WORBLI Watch on Youtube: https://www.youtube.com/channel/UCzJHGK-1utdhj623VYHSprA Steemit - https://www.steemit.com/@worbli Keep up on Instagram - https://www.instagram.com/worbli.io Connect on LinkedIn - https://www.linkedin.com/company/worbli Media Contact Details Contact Name: Sam Russell Contact Email: sam@worbli.io WORBLI is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest. Follow BitcoinNews.com on Twitter: @bitcoinnewscom Telegram Alerts from BitcoinNews.com: https://t.me/bconews Want to advertise or get published on BitcoinNews.com? - View our Media Kit PDF here. Image Courtesy: The post PR: Bringing Blockchain Banking to the Masses: WORBLI has Begun its 1,000,000,000 Token ShareDrop Event appeared first on BitcoinNews.com.

3 months ago

WORBLI: Blockchain Banking Platform Launches 1,000,000,000 Token ShareDrop Event

Though much progress has been made in regard to the mass adoption of blockchain technology, many barriers, such as compliance, regulation and real-world application remain, stifling industry growth. Decentralized fintech platform WORBLI is aiming to change all that. According to WORBLI’s promotional material, the platform is leveraging the EOS network to deliver the first compliant financial services (FSN) in the world built on blockchain technology. The announcement was made in Valley Point, Singapore last week. What is WORBLI? WORBLI is seeking to bridge the gap between traditional financial systems and blockchain technology by introducing a globally-compliant platform with a suite of traditional financial tools and applications for such areas as enterprise banking, equity finance, personal finance and charitable donations. The WORBLI platform is built on a forked EOS chain and is host to decentralized applications (Dapps) that are geared towards financial innovation, reliability, compliance and security. The developers claim these Dapps are able to take advantage of several core features of WORBLI, thereby helping to create a community. Features such as full AML and KYC user account verification for enterprises, convenient startup exchange listings and merchant processing services are all offered. In addition, the independent EOS blockchain means that built-in developer tools are available, along with reversible, free transactions. According to the brains behind WORBLI, the FSN is robust and supportive, and structured to be as frictionless, efficient and innovative as possible. Two Dapps are currently ready to launch on the platform: Gamma Bank, and Surepeer. Gamma Bank is a fiat and digital currency bank offering debit cards, trading and other benefits. Surepeer is a peer-to-peer (P2P) decentralized insurance market. WORBLI Foundation The not-for-profit WORBLI Foundation’s mission is to offer a transparent FSN that has applications for individual consumers, SMEs and institutions, freeing them up to focus on their projects rather than having to deal with developers. The company believes that hundreds of business across a wide variety of sectors will benefit from what WORBLI has to offer. WORBLI COO Craig Kellogg has spent nearly two decades at the forefront of banking technology with numerous fintech firms, as well as heading strategic initiatives with Wells Fargo, US Bank, and Vice President of Technology at GE Capital. WORBLI ShareDrop Event WORBLI’s ShareDrop event involves sharedropping 40% (1,000,000,000 WORBLI tokens) of the total supply of 2,500,000,000 to EOS holders. Participants who create a WORBLI user account will be eligible to take part in the event, with all users holding tokens from 11:15 pm on 7 September qualifying for the sharedrop (sign up on the website). WORBLI appears to have found a niche for itself, equidistant between traditional financial systems and decentralized technology. If it can enable ‘better business’ by offering users the services they need now and will likely need in the future, the platform could find itself in an enviable position, with no shortage of clients. To learn more about WORBLI, visit the website, check out the facebook page and follow WORBLI on Twitter.Follow BitcoinNews.com on Twitter: @bitcoinnewscom Telegram Alerts from BitcoinNews.com: https://t.me/bconews Want to advertise or get published on BitcoinNews.com? - View our Media Kit PDF here. Image Courtesy: The post WORBLI: Blockchain Banking Platform Launches 1,000,000,000 Token ShareDrop Event appeared first on BitcoinNews.com.

3 months ago

FUSION Founder and CEO, DJ Qian, will be delivering a presen...

FUSION Founder and CEO, DJ Qian, will be delivering a presentation titled ‘The Path To Mainstream Adoption’ tomorro… https://t.co/iB2B5fibYd

4 months ago

Patrick Byrne, Overstock Founder Is Bullish on Blockchain - Know Why

In a scenario where major cryptocurrencies see visible drop-off, Overstock founder, Patrick Byrne bets on the blockchain. However, it is surprising to still look blockchain and crypto with potential where wall street analyst, Tom Lee even broke down his prediction from $25000 to $15000. In fact, overstock itself is in red, losing $163 million within the first three quarters of 2018. Following Blockchain Bet, Overstock’ surges 26% The announcement comes into the picture with wall street’s latest release which states “Patrick Byrne is optimistic and confident about the potential of blockchain”. Despite the market sever crash, he has a big picture of selling his retail branch to solely work on blockchain in the coming year. In fact, he is expecting to get the deal closed by Feb next year. Consequently, the plan of selling an e-commerce branch of his firm knocked in his mind since 2017 Since the announcement rolled out, shares of Overstock surges by 26% - however, the stock was down 66 percent in this year. Notably, the bet on blockchain comes in view of the loss company suffered since 2017 - more than $22 million in 2017 and $39 million in 2018, despite the investment of more than $175 million into Medici Ventures, Overstock’s subsidiary. Not just that, his new trading system, named tZero is also not well performing which he noted as; “I don’t care whether tZero is losing $2 million a month, “We think we’ve got cold fusion on the blockchain side.” Founded in the year 1999, Overstock is the brainchild of Patrick Byrne. He has been an adamant believer of blockchain and has been named its venture as the prominent leaders to accept Bitcoin in 2014. Confidently, he encourages bitcoin and its underlying technology across the online retail. What’s your view on Overstock looking at possible opportunities in Blockchain? Is it a strategy to surge the value of their own stocks? Let’s discuss The post Patrick Byrne, Overstock Founder Is Bullish on Blockchain - Know Why appeared first on Coingape.

4 months ago

Overstock Moves up by 26 Percent after CEO Revealed the Company Will Focus Solely on Crypto From February

Overstock.com Inc. experienced a huge surge in interest from investors as the price of their shares went up by 26 percent in anticipation of their next big move. The Wall Street Journal recently reported that Overstock CEO Patrick Byrne is planning to sell the retail wing of the company to focus exclusively on its cryptocurrency businesses by February next year. Say Goodbye to Retail The decades-old retail business of Overstock may leave the company in the next few months as the focus shifts from wooing shoppers to championing blockchains. Overstock was founded by Byrne in 1999 and began selling jewelry and furniture on the internet. The sale may happen by February, according to CEO Patrick Byrne. He didn’t name any potential buyers of the retail arm. After the Wall Street Journal published the report on Friday, the shares of the company rallied by up to 26 percent. However, the stock is still down by about 66 percent this year. The Salt-Lake City-based company has entered the blockchain space with its fully owned subsidiary Medici Ventures. Will Overstock’s Problems Be Over? Overstock invested $175 million in Medici Ventures, a company that has burnt cash since its establishment in 2014. Overstock’s public filings show that Medici has burned $39 million in the first three quarters of 2018, and $22 million last year. Overstock figures are also in the red. They had a net loss in the first three quarters of this year of $163 million. Its startup, tZero, a trading system not yet commercially launched is also burning money. Byrne, however, doesn’t seem too phased by the cash burn. He told WSJ: “I don’t care whether tZero is losing $2 million a month. We think we’ve got cold fusion on the blockchain side.” Overstock experienced a price surge in the second half of 2017 as shares rose by 400 percent, going all the way up to a high of $88 in January this year. However, since the highs its price has steadily declined. Today, the Overstock share price currently sit at $20.93. Overstock Moves up by 26 Percent after CEO Revealed the Company Will Focus Solely on Crypto From February was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

4 months ago

Overstock to Focus on DLT, Expects to Sell Retail Business by February

Major online retailer Overstock expects to finalize a deal to sell its retail operations by February. The Utah-based company is selling the business so it can solely focus on the cryptocurrency and distributed ledger technology (DLT) sector. Also Read: Bitcoininfo.ru Wins Court Case Against Ban Overstock Expects to Soon Sell Retail Business According to The Wall Street Journal, the chief executive officer of Overstock, Patrick Byrne, has indicated that the company expects to soon finalize a deal pertaining to its retail business. In 2014, Overstock was reported to have become the first online retailer to accept bitcoin payments, through a partnership with Coinbase. Later recalling the move, Byrne stated: “We were the first. The largest company accepting Bitcoin then was an $800,000 a year restaurant diner in Western Australia. We stepped up and started taking it — we were $1.4 billion.” Now the company appears to be going all-in on crypto, entirely devoting its energy to such ventures. “Being the guy who pedals along and makes $10 to $20 million a year wasn’t sustainable,” Byrne said, adding his belief that Medici Ventures, Overstock’s DLT venture, owns “maybe several multibillion-dollar properties.” Overstock Bets Big on Tzero Among the company’s major crypto ventures is Tzero, an upcoming securities token exchange owned by Medici Ventures. First unveiled in April 2015, Tzero is currently slated to launch during the first quarter of 2019, but it has already failed to meet several planned start dates. At launch, it will solely facilitate the trading of its own security token. Tzero currently loses millions of dollars each month, but Byrne remains confident of the company’s decision to invest significant resources in the project. “I don’t care whether Tzero is losing $2 million a month,” he stated. “We think we’ve got cold fusion on the blockchain side.” Medici Ventures has also made investments in Bitsy, Chainstone Labs and Ripio, among other crypto and DLT companies. But despite Byrne’s “multibillion dollar” predictions, the Overstock subsidiary posted a loss of $39 million for the first three quarters of 2018, and a $22 million loss for 2017. Do you think that Overstock’s plan to sell its retail business and focus on crypto ventures will pay off? Share your thoughts in the comments section below. Images courtesy of Shutterstock, tZero The Bitcoin universe is vast. So is Bitcoin.com. Check our Wiki, where you can learn everything you were afraid to ask. Or read our news coverage to stay up to date on the latest. Or delve into statistics on our helpful tools page. The post Overstock to Focus on DLT, Expects to Sell Retail Business by February appeared first on Bitcoin News.

4 months ago

Overstock Shares Soar as Company Pivots From Retail to Crypto

US-based internet retailer Overstock has seen a surge in its share price after the CEO announced plans to sell its retail-oriented business and to focus on previously acquired blockchain startups. Overstock to Sell its Retail Arm Overstock CEO Patrick Byrne told the Wall Street Journal that he intends to sell Overstock’s landmark retail business arm. According to the executive, the company will be focusing on its multiple blockchain-oriented startups. The company’s shares went on a roller-coaster ride in 2017 and 2018 as the company made a move to associate itself with cryptocurrencies. Overstock’s share skyrocketed upwards of 400 percent in the period between July 2017 and January 2018 as the cryptocurrency market also had an unprecedented rally. However, 2018 has seen a prolonged bear market for cryptocurrencies which took its toll on Overstock as well, as the company’s shares plummeted throughout the year. Following Byrne’s announcement, though, Overstock has seen a sudden surge in its share price, which grew upwards of 23 percent on Friday. Overstock and Blockchain Byrne’s decision to focus on blockchain comes amid a time of a bleeding cryptocurrency market. Bitcoin is down about 30 percent in the last 10 days, dragging down the majority of digital currencies with it. One of Overstock’s best-known startups is the trading system tZero, which has also had rough times. Speaking on the matter, however, Byrne noted: I don’t care whether tZero is losing $2 million a month. We think we’ve got cold fusion on the blockchain side. In October, tZero issued its preferred tZero security tokens, which are purportedly SEC-compliant. Overstock’s march into the field of cryptocurrencies takes place mostly through its subsidiary called Medici Ventures. Earlier in September, Bitcoinist reported that its portfolio company Bitsy.com has launched a cryptocurrency wallet and exchange. What do you think of Overstock focusing on blockchain-based startups? Don’t hesitate to let us know in the comments below! Images courtesy of Shutterstock; TradingView The post Overstock Shares Soar as Company Pivots From Retail to Crypto appeared first on Bitcoinist.com.

4 months ago

Patrick Byrne to Go All in on the Blockchain and Divest the Retail Arm of Overstock.com

Patrick Byrne, who is the founder of e-commerce giant Overstock.com, said the company plans to shed its retail business by early 2019 in order to focus more fully on the blockchain, according to reports. Byrne, who is also the founder of security token platform tZero, isn’t deterred by the downturn in the cryptocurrency market despite the fact that his exchange has yet to launch commercially. He stated: “I don't care whether tZero is losing $2 million a month. We think we've got cold fusion on the blockchain side.” Overstock.com will now be associated with blockchain companies through Byrne’s other brand, Medici Ventures. (GT)

4 months ago

RELEASE to be Listed on LATOKEN Exchange

CoinSpeaker RELEASE to be Listed on LATOKEN Exchange RELEASE is a combination of three major technologies, that are AI, Big Data, and Blockchain. It represents a fusion of e-commerce and social media. With an aim to aid the common masses to pave their way through an affluent living, RELEASE targets to make the audience realise the changes that take place in social media and the e-commerce sector. It makes the most out of various modes of print media as well as mass media to make ensure that quality information is provided. With the help of crystal clear goals and a perfect continuity, RELEASE has the potential to acquire more and more users as time passes by. Until now the concepts of e-commerce and social media were two different entities. But the amalgamation of the two can prove to be quite beneficial for all. The ever-increasing number of users also indicates the higher overall trust level. RELEASE also aims to transform the fishery and agricultural reforms. Multiple virtual currencies are listed on the exchange. Users of RELEASE can purchase REL tokens, skills, services, products, etc. and exchange them with other virtual currencies. About LATOKEN A crypto exchange that focuses on the liquidity as far as new tokens is known as LATOKEN. In July 2018, it gained a position in the CoinmarketCap’s Top-50 and had been providing positive results ever since. It has a daily turnover of more than $30 million. There are more than 80,000 traders registered with the platform. It has more than 180 crypto pairs for trade that are readily available. Every week, there are new additions made to the trading pairs. LATOKEN Currency LA is the main LATOKEN currency. Generating profits is not their sole purpose. The fees of the LATOKEN platform is relatively low. The idea behind such a business strategy is to attract a large number of crypto holders and enhance the total trading volume that occurs on the platform. Crypto holder of assets such as equities, loans, commodities, real estate, and works of art. Crypto holders can purchase the asset tokens by buying tokens that are linked to assets that denote the five main classes mentioned previously. Some of the security features of the LATOKEN platform include encrypted keys, password security, secure storage, HTTPS data transmission, DDoS protection, and 2FA verification. RELEASE to be Listed on LATOKEN Exchange

4 months ago

FUSION’s visionary founder DJ Qian discusses FUSION's tech, ...

FUSION’s visionary founder DJ Qian discusses FUSION's tech, the FUSION team, the state of the #cryptocurrency marke… https://t.co/Sg5TIqtnPD

4 months ago

Empresas de Whisky formam parceria com o uso de Blockchain

Por: Livecoins Para quem curte um cowboy, ou outros derivados dessa modalidade de bebida essa pode ser uma boa notícia, pois está para ser possível tomar um Whisky com a ajuda da blockchain nos seus bastidores. A parceria surgiu das empresas Fusion Whisky com a Adelphi Distillery, da qual irão lançar o produto The Winter Queen, misturando assim a história européia da indústria de bebidas com a tecnologia blockchain. Com esse anúncio, que envolve de Whisky Escôces com o Malte da Holanda, a marca The Winter Queen se tornará a segunda na história a trabalhar com a blockchain, uma vez que em março de 2018 a bebida australiana The Brisbane, também da marca Fusion Whisky, já havia chegado ao mercado. De acordo com o diretor administrativo da Adelphi Distillery, Alex Bruce, a blockchain provê aos consumidores detalhes sobre a proveniência da cevada utilizada no processo de fabricação, de qual campo a mesma veio, e quando o mesmo foi engarrafado. Além disso, Bruce acrescentou que “Muitas pessoas não ouviram falar ou apreciaram a influência que Elizabeth Stuart teve na Europa do século XVII. Ela era a filha mais velha de James VI da Escócia e eu da Inglaterra, mas também era a avó do rei George I e era o elo entre os tronos Stuart e Hanovarian”. Esta edição comemora a coroação da princesa ao reino da Boêmia, há cerca de 400 anos atrás. Uma curiosidade, que não faz com que seja um ponto negativo, é que os reinos são estruturas centralizadas de poder ao contrário do que prega a blockchain, que leva em sua filosofia o caráter de descentralização. A indústria de bebidas alcoólicas é mais um dos setores a prestar atenção a esta nova tecnologia e o seu imenso potencial, e um caso de uso além do citado anteriormente é o da criptomoeda VeChain (VET), que também possui em seu projeto facilidades a vinhos e licores. No Brasil, o potencial da blockchain é imenso, uma vez que não há muitos casos de registros e facilidades com a tecnologia, abrindo brechas para que surjam cada vez mais empresas e iniciativas neste processo. Para se ter uma base do setor de bebidas alcoólicas, um estudo de 2017 levantou que o setor teve no Brasil anos ruins entre 2015 e 2017 podendo melhorar ainda em 2018, com a melhora do quadro econômico no país, visto que isso influencia os consumidores deste setor. Durante a Copa do Mundo 2018, um estudo da Globo levantou que o Whisky é a sétima bebida que o brasileiro mais consome, isso daria menos de 1% do mercado de bebidas alcoólicas no país. A blockchain como uso em Cadeia de Suprimentos é muito importante visto o desencontro de informações aos consumidores de informações reais no mercado de Whisky, uma iniciativa chamada CaskCoin procura ajudar neste setor, mas com certeza virão outras mais que ajudarão a emponderar os clientes finais. O artigo Empresas de Whisky formam parceria com o uso de Blockchain apareceu primeiro em Livecoins.

4 months ago

Whiskey Has Officially Been Put on the Blockchain

Fusion Whiskey and the Adelphi Distillery have joined forces to launch a new product, The Winter Queen, a special edition whiskey where each bottle will be registered on the blockchain, allowing buyers the ability to verify that the provenance of their whiskey. Both firms have previously used this blockchain technology to distribute a batch of whiskey, and each time the process gets more streamlined. Fake offerings of whiskey is actually a common occurrence in the whiskey connoisseur community, so this platform offers a real-world use case that is already making a difference. (JF)

4 months ago

Fusion Whisky and Adelphi Distillery Launch Whisky on the Blockchain

Fusion Whisky and the Adelphi Distillery have announced the launch of The Winter Queen – their latest product to use blockchain technology to track its provenance. The Winter Queen Marries 17th Century Royalty with 21st Century Tech It is not only finance that blockchain technology has the potential to disrupt. Other industries are rapidly making...

4 months ago

Bitcoin’s 10th anniversary commemorated by Hublot with $25000 watch payable in BTC

Hublot, a Swiss luxury watch manufacturer, has recently announced that they will be launching a watch on the occasion of the 10th birthday of Bitcoin [BTC]. They also stated that those wishing to buy the watch can also pay in Bitcoin worth its selling price of $25000. The manufacturer launched the product in conjunction with Octagon Strategy Limited in order to make sure that the product reaches the customer. They act as the sole official broker of the watch, which is called the Big Bang Meca -10. The watch is also limited edition, with only 210 units set to be in production. This number was chosen due to the 21 million coin supply cap for the cryptocurrency. The watch said to be “a fusion between top-notch Swiss watchmaking and cutting-edge FinTech”, is a hand-assembled watch. The watch will officially be launched on November 6th, with delivery to customers occurring around January 3rd. The official website stated: “Big Bang’s signature industrial design as well as aesthetics inspired by cryptocurrency. To no surprise, ‘210’ was chosen for a reason. This watch was created to commemorate the 10th anniversary of this epochal invention including the fact that only 21 million bitcoins will ever exist in this world.” OSL is a digital asset brokerage firm that is aimed to help process customer data during the pre-sale. Their procedures also include filing KYC norms and submitting government ID, a process that might not have been foreseen by those who created the coin. The adoption of Bitcoin-based designs by established brands shows that the coin is moving closer towards mainstream adoption. It also provides a valuable collector’s item for Bitcoin whales, who can purchase it for the low price of 3.8 BTC. The post Bitcoin’s 10th anniversary commemorated by Hublot with $25000 watch payable in BTC appeared first on AMBCrypto.

4 months ago

You Can Now Tell The Time With Blockchain & Bitcoin

A luxury brand of watches in Switzerland has opened up its doors for pre-orders on its limited edition Big Bang watch to celebrate the tenth anniversary of Bitcoin. Hublot is headquartered in Nylon in Switzerland and they have recently announced a special watch in collaboration with OS Limited for Bitcoin’s anniversary. The new hand-assembled limited edition Big Bang model is now available for pre-order and in the spirit of the crypto space, the homepage even displays a project roadmap. This watch doesn’t come cheap though. If you have the money to afford it, this watch will set you back $25,000 and will be limited to 210 pieces as a little nod to the 21 million Bitcoin that will ever exist. In the official announcement it states: “Paying homage to both the Big Bang series and Blockchain technology, the watch features Big Bang’s signature industrial design as well as aesthetics inspired from cryptocurrency. To no surprise, ‘210’ was chosen for a reason.” It continued to say: “This Big Bang watch was created to commemorate the 10th anniversary of this epochal invention including the fact that only 21 million bitcoins will ever exist in this world.” The Swiss company added that the watch represents a fusion between cutting-edge FinTech and the expert quality the Swiss are known for when it comes to watch design. Hublot partnered up with Octagon Strategy Limited to promote the new model and it the Big Bang Meca-10 P2P will be launched on the 6th November this year whereas the delivery for the watches will begin on the 3rd January. OSL is a digital asset brokerage company which will help process customer data during the pre-sale and has made a promise that customers will be safe and secure during their experience shopping. Of course, the pre-sale registration might raise some questions for the hundreds of Bitcoin enthusiasts who love their privacy. As said by Bitcoinist: “If you’d like to order a timepiece that costs tens of thousands of dollars, additional information such as the full name, address, and a phone number will be required. However, get ready to also upload copies of their government ID, passport and proof of address - as if you’re registering for a regulated Bitcoin exchange.” What are your thoughts? Will you be buying the Big Bang? Let us know in the comments down below! googletag.cmd.push(function() { googletag.display('div-gpt-ad-1538128067916-0'); }); The post You Can Now Tell The Time With Blockchain & Bitcoin appeared first on Crypto Daily™.

4 months ago

New $25,000 Hublot ‘Blockchain Watch’ Buyable Only With Bitcoin

Swiss luxury watch brand Hublot has opened pre-orders for its limited edition Big Bang watch commemorating Bitcoin’s 10th anniversary. Hublot Will Only Accept Bitcoin Swiss luxury watch manufacturer Hublot has unveiled a special timepiece in collaboration with OS Limited (OSL) to commemorate Bitcoin’s 10th anniversary. The new hand-assembled limited edition ‘Big Bang’ model is now available for pre-sale to celebrate the upcoming 10th anniversary of Bitcoin 00. And in the spirit of crypto, the homepage even displays a project roadmap. At a $25,000 price tag, the watch can only be bought for bitcoin and will be limited to 210 pieces as a symbolic nod to the 21 million bitcoin that will ever exist. “Paying homage to both the Big Bang series and Blockchain technology, the watch features Big Bang’s signature industrial design as well as aesthetics inspired from cryptocurrency. To no surprise, ‘210’ was chosen for a reason,” the official announcement reads. This Big Bang watch was created to commemorate the 10th anniversary of this epochal invention including the fact that only 21 million bitcoins will ever exist in this world. Hublot adds that the timepiece represents “a fusion between top-notch Swiss watchmaking and cutting-edge FinTech.” KYC for Watches? Hublot has partnered with Octagon Strategy Limited (OSL) to promote the new model, which will be officially launched on November 6th and will be delivered to customers January 3, 2019. OSL, a digital asset brokerage firm, will help process customer data during the pre-sale and promises customers “a safe and secure” shopping experience. However, the pre-sale registration may raise some eyebrows from the many Bitcoin fans who favor privacy. That’s right. If you’d like to order a timepiece that costs tens of thousands of dollars, additional information such as the full name, address, and a phone number will be required. However, get ready to also upload copies of their government ID, passport and proof of address - as if you’re registering for a regulated Bitcoin exchange. Not the First Bitcoin Watch But Hublot is not the first brand to release a Bitcoin-inspired mechanical watch. Moreover, if spending tens of thousands of dollars on a timepiece is a no-no for you, Cryptomatic, which has been producing Bitcoin-themed watches since 2014, offers a much more affordable option at an $800 price point - or 30 times cheaper than Hublot’s new ‘Big Bang.’ Cryptomatic watches all flash the Bitcoin ฿ logo on the crown and includes 21 jewel bearings. The company intends to remain a small and exclusive brand while continuing making small runs of high-quality, hand-assembled watches, limited to a few hundred pieces. Meanwhile, some other watch designs have also surfaced on social media as of late showcasing their own timepieces inspired by Bitcoin. Silver hand-engraved Bitcoin watch by Aleksey Saburov @SaburovArt & @Corumwatch https://t.co/PaXlapmtyr pre-order here https://t.co/WcbnoTNADD pic.twitter.com/wKE6KolUDy — Bitcoin Art Gallery (@btcArtGallery) October 24, 2018 [Full disclosure: the author of this article owns a couple of Cryptomatic watches.] Would you wear a Bitcoin-inspired watch? Share your comments below! Images courtesy of Shutterstock, Twitter, Hublot.com The post New $25,000 Hublot ‘Blockchain Watch’ Buyable Only With Bitcoin appeared first on Bitcoinist.com.

4 months ago

On the first of November FUSION CMO Holly Kasun was on FOX B...

On the first of November FUSION CMO Holly Kasun was on FOX Business News talking all things FUSION. Check it out!… https://t.co/Xmvl4jp2qq

5 months ago

Hublot Teases New ‘Blockchain Watch’ for Bitcoin’s 10th Anniversary

Swiss luxury watch brand Hublot has opened pre-orders for its limited edition Big Bang watch commemorating Bitcoin’s 10th anniversary. Hublot Will Only Accept Bitcoin Swiss luxury watch manufacturer Hublot has unveiled a special timepiece in collaboration with OS Limited (OSL) to commemorate Bitcoin’s 10th anniversary. The new hand-assembled limited edition ‘Big Bang’ model is now available for pre-sale to celebrate the upcoming 10th anniversary of Bitcoin 00. And in the spirit of crypto, the homepage even displays a project roadmap. With a reported $25,000 price tag, the watch can only be bought for bitcoin and will be limited to 210 pieces as a symbolic nod to the 21 million bitcoin that will ever exist. “Paying homage to both the Big Bang series and Blockchain technology, the watch features Big Bang’s signature industrial design as well as aesthetics inspired from cryptocurrency. To no surprise, ‘210’ was chosen for a reason,” the official announcement reads. This Big Bang watch was created to commemorate the 10th anniversary of this epochal invention including the fact that only 21 million bitcoins will ever exist in this world. Hublot adds that the timepiece represents “a fusion between top-notch Swiss watchmaking and cutting-edge FinTech.” KYC for Watches? Hublot has partnered with Octagon Strategy Limited (OSL) to promote the new model, which will be officially launched on November 6th and will be delivered to customers January 3, 2019. OSL, a digital asset brokerage firm, will help process customer data during the pre-sale and promises customers “a safe and secure” shopping experience. However, the pre-sale registration may raise some eyebrows from the many Bitcoin fans who favor privacy. That’s right. If you’d like to order a timepiece that costs tens of thousands of dollars, additional information such as the full name, address, and a phone number will be required. However, get ready to also upload copies of their government ID, passport and proof of address - as if you’re registering for a regulated Bitcoin exchange. Not the First Bitcoin Watch But Hublot is not the first brand to release a Bitcoin-inspired mechanical watch. Moreover, if spending tens of thousands of dollars on a timepiece is a no-no for you, Cryptomatic, which has been producing Bitcoin-themed watches since 2014, offers a much more affordable option at an $800 price point - or 30 times cheaper than Hublot’s new ‘Big Bang.’ Cryptomatic watches all flash the Bitcoin B logo on the crown and includes 21 jewel bearings. The company intends to remain a small and exclusive brand while continuing making small runs of high-quality, hand-assembled watches, limited to a few hundred pieces. Meanwhile, some other watch designs have also surfaced on social media as of late showcasing their own timepieces inspired by Bitcoin. Silver hand-engraved Bitcoin watch by Aleksey Saburov @SaburovArt & @Corumwatch https://t.co/PaXlapmtyr pre-order here https://t.co/WcbnoTNADD pic.twitter.com/wKE6KolUDy — Bitcoin Art Gallery (@btcArtGallery) October 24, 2018 Would you wear a Bitcoin-inspired watch? Share your comments below! Images courtesy of Shutterstock, Twitter, Hublot.com The post Hublot Teases New ‘Blockchain Watch’ for Bitcoin’s 10th Anniversary appeared first on Bitcoinist.com.

5 months ago

A UIP1 Fusion update has been pushed out. Fusion will promp...

A UIP1 Fusion update has been pushed out. Fusion will prompt you to update the next time it is launched. This upda… https://t.co/cgSh83eGx7

5 months ago

UK Big Bank NatWest to Leverage Syndicated Blockchain Loans

UK High Street Bank NatWest has announced that it plans to leverage DLT for the syndicated loans market within the next month. Blockchain technology will be employed as a cost-effective way of streamlining communication between lenders in the loan market, according to the major retail and commercial bank. Although syndicated loans around the world are worth 3.5 trillion pounds, NatWest has claimed that the process needs to be more efficient, suggesting that current practices are “inefficient, costly to operate and heavily reliant on manual processes.” The Fusion platform due, to go live in November, was developed by blockchain consortium R3 and fintech company Finastra with its main focus to reduce the time it takes to set up syndicated loans, which require multiple lenders due to the large size of the loan. Over recent years the risk-sharing nature of such loans has added to their popularity with lenders. R3 has diversified its business lately and also works in a number of sectors outside of financial services. CEO David E. Rutter explained that the company’s open source blockchain platform Corda is the right one for this type of solution which needs a high degree of transparency: “The syndicated lending industry relies on costly, manually-intensive processes, making it ripe for innovation with blockchain technology. Fusion LenderComm, powered by Corda, has been proven to address these issues.” Further adding, “We are investing in cutting-edge technologies and working with our suppliers and partners to deliver first class customer service and efficiency to a market that has not changed significantly in the last 20 years.” From Fusion’s perspective, the whole process while now be far more efficient. Fusion VP Grant Jones expressed his assurance that the blockchain based solution would be able to clearly log lender-specific information on the blockchain and a make all relevant information available to lenders at the click of a mouse. The United Kingdom has been somewhat a pioneer in the blockchain regulation space, with the Bank of England making significant strides having recently completed a DLT Proof-of-Concept. The UK is being touted as a nation with the capacity to lead the blockchain industry, which was a conclusion of a 960-page analysis from DAG Global, Deep Knowledge Analytics and the Big Innovation Center. Follow BitcoinNews.com on Twitter: @BitcoinNewsCom Telegram Alerts from BitcoinNews.com: https://t.me/bconews Want to advertise or get published on BitcoinNews.com? - View our Media Kit PDF here. Image Courtesy: The post UK Big Bank NatWest to Leverage Syndicated Blockchain Loans appeared first on BitcoinNews.com.

5 months ago

UK Bank NatWest to Leverage Blockchain Technology in Syndicated Loan Market

United Kingdom’s major commercial bank NatWest has announced to leverage blockchain technology for the syndicated loan market, from the coming month. The blockchain platform Fusion reportedly was developed by blockchain consortium R3 and fintech company Finastra, and is aimed to effectively streamline communication between lenders and agent banks in the loan market sector. Recent reports suggest that syndicated loans worth 3.5 trillion pounds were brokered all around the world and the new blockchain platform is expected to cut time to set up syndicated loan arrangements for customers as well as to make it cost-effective. (RL)

5 months ago

6 Facts About Changpeng Zhao (CZ Binance) You Probably Didn’t Know

Changpeng Zhao, popularly known by his cool moniker CZ, is the CEO of Binance, the world’s largest crypto exchange. Binance grew from an idea to the biggest market for crypto trading in just a few months. CZ, who loves wearing black, turned into a crypto billionaire pretty quickly, becoming a sensation in the world of blockchain. Let’s take a look at some interesting facts about him. CZ Rose to Fame in Less than 180 Days Binance was founded on July 1, 2017. It became the biggest crypto exchange market in the world in a little under 6 months. Its initial coin offering was Binance Coin (BNB) that started at around ¢11 and now is valued around $10. It was over $24 in January this year. He Worked on Another Trading System before Founding Binance In 2005, Zhao was in Shanghai, where he founded Fusion Systems. It was a trading platform for brokers. He started his crypto journey in 2013 with blockchain.info. In 2014, he sold his Shanghai apartment for about $1 million to use this money on Bitcoin. He Loves Binance and wears Binance Well, this goes without saying. After all, he founded the company. But the fact is that he loves it so much that he isn’t passionate about houses or cars, but only Binance hoodies and T-shirts. He doesn’t own a single car or a house. But check him out in his mostly-black clothes. And since he’s generally seen in black, we’re guessing that’s his favorite color - like Steve Jobs. Always wears Binance and black. With Malta’s Prime Minister. Source: Twitter The Lambo Giveaway He seems to love rather unusual marketing tactics. Binance has offered several promotions. One of them had a Lamborghini as a giveaway! While CZ himself isn’t interested in cars, his company’s promotional methods have generated a lot of attention. Although we’ll have to give it to his marketing chief who came up with this idea. The LAMBO Giveaway He Worked at McDonald’s CZ was born in Jiangsu, a coastal province in China. His parents moved to Canada soon after he was born. As a teenager, he started working to help with the household expenses. In the 1980’s, he joined McDonald’s and flipped burgers to help his family. Later, he went to McGill University and studied Computer Science. He was also passionate about stock markets and trading, which made him choose this career. Same Colors? McDonald’s He’s Minting Money Now Worked at gas stations and McDonald’s, and he’s here now. His company, Binance, is expected to rake in about $1 billion in profits in 2018 alone. While big cryptocurrencies such as Bitcoin, Ethereum, and Ripple saw a little downfall in their values this year, Binance has been booming and is making big bucks for CZ. With such unprecedented success, Zhao has become a crypto star, and rightly so. His company, Binance can easily handle 1.4 million transactions each second. The post 6 Facts About Changpeng Zhao (CZ Binance) You Probably Didn’t Know appeared first on CryptoPotato.

5 months ago

Female guitar heroes have long played among us

The realm of guitar gods is not just a man’s world—even if the media has made it seem that way. In Rolling Stone’s most recent list of the “100 Greatest Guitarists,” of all time, there are only two women, and in Guitar World’s compilation of the top 30, there are none. And yet, a new study by guitar maker Fender found that 50% of new players are female. Fender’s report also notes that black and Hispanic players now represent a significant and growing share of new guitarists, but “Women continue to define the emerging guitar market...begging the question, is the future of guitar female?” Earlier this year, LA Magazine also ran a story with the headline “women are saving the electric guitar,” noting that females are boosting sales and hype in an otherwise flailing industry. Gibson, the maker of the classic Les Paul electric guitar, filed for bankruptcy this year after falling revenues and at least $100 million in debt obligations. Fender had to scrap its public offering in 2012, and Guitar Chain, the biggest retailer of music instruments in the world, struggles to restructure $1 billion in debt. The reasons for this vary, from the decline of rock music to the rise of electronic dance music and hip hop. The increasing number of women beginning to play guitar, however, might change that. Fender CEO, Andy Mooney, told Rolling Stone that the study’s findings suggest that the “Taylor Swift effect,” where more girls want to play guitar after seeing the strumming pop star, was more than just a fad. But Fender’s optimistic view of women’s role in the industry’s resurgence shouldn’t be the only reason female guitar legends rock our minds. The likes of Jimi Hendrix, Eric Clapton, and Keith Richards are household names, but female guitar heroes deserve widespread recognition too. Here, we pay our dues. Sister Rosetta Tharpe, the godmother of rock and roll “Rock ‘n’ roll was bred between the church and the nightclubs in the soul of a queer black woman in the 1940s named Sister Rosetta Tharpe,” NPR writes. Rightly recognized in the Rock & Roll Hall of Fame, Tharpe was a trailblazer as a young, gay, black woman making music in a male-dominated industry. She preceded icons like Johnny Cash, Elvis Presley, and Chuck Berry, many of which praised Tharpe for being a major influence. Her fusion of gospel, jazz, blues, and rock, helped define the genre. Joni Mitchell, far beyond folk Standing at number 75 on Rolling Stone’s most recent top 100 list, Joni Mitchell was a respected rhythm-guitar player who had a knack for tuning the instrument any way she wanted. Numerous musicians from different genres, including Prince, Chaka Khan, and Neil Diamond have cited Mitchell as an influence. With hits spanning different genres and featuring both acoustic and electric guitars, Mitchell has been called a more sophisticated musician than Bob Dylan. Her 1971 album, Blue, has been called a turning point in 20th century music, and tops NPR’s list of the greatest albums made by women. Bonnie Raitt, playing Americana blues This 10-time Grammy Award winner is known for her blues and roots music influences, and her hits include ballads such as “I Can’t Make You Love Me,” from 1991. Raitt ranks number 89 on Rolling Stone’s most recent list of top 100 guitarists, and she is one of only two women on the list (the other is Joni Mitchell.) Musician David Crosby, writes for Rolling Stone: “Raitt rolled out a fearsome repertoire of blues licks, fingerpicking with the best and wielding a slide like an old master. Most of all, she set a crucial precedent: When guitar was still considered a man’s game by many, Raitt busted down that barrier through sheer verve and skill.” Joan Jett, still rocking on Joan Jett is best known for founding the Runaways, and later performing as frontwoman for Joan Jett & the Blackhearts. (Jett’s former bandmate, Lita Ford, the lead guitarist of the Runaways, is also an ‘80s rock icon whose expert guitar playing deserves recognition.) A documentary of Jett’s life and career, “Bad Reputation,” premiered at the Sundance Film Festival earlier this year. Jett was featured as one of the world’s 100 greatest artists by Rolling Stone in 2010, and praised for her all-or-nothing style of playing rhythm guitar. Jett is a long-time activist for equality in music, she sure loves rock ‘n’ roll, and is quite formidable when she plays it too. St. Vincent, the new school of rock History might be filled with many legendary female guitarists, but, as Fender’s report shows, that trend will hopefully continue to grow. Women are making some of the best rock music today, including Michelle Zauner of Japanese Breakfast, Lindsey Jordan of Snail Mail, and of course, Annie Clark who plays as St. Vincent. In 2016, Clark designed a custom guitar with Ernie Ball Music Man, which has been a success with both male and female players. But Clark’s work has been recognized before this: She won the 2015 Grammy for Best Alternative Music Album, the first femal

5 months ago

What Is the Level01 Exchange?

Another day, another cryptocurrency exchange. So, what makes Level01 any different from the rest? In a sea of competition from established centralized exchanges and rapidly appearing decentralized ones, what value prop does Level01 offer and how does the technology hold up? I spoke to Jonathan Loi, CEO & Founder of Level01, to find out. Being decentralized, it’s a truly peer-to-peer trading platform offering the same security advantages of an exchange like IDEX. Yet it’s focused on a different niche-specifically, derivates trading. It’s also incorporating AI analytics to provide fair pricing based on market data. Finally, it offers a ton of tradable assets beyond crypto. “Our goal is to bring retail investor costs much closer to, or even below, what institutional investors would be expected to pay. While it will depend on asset/product, we would certainly aim to gradually improve on industry standards by at least half,” Loi explains. Advanced Technology Incorporating AI What about the technology? How is Level01 built on the front and backend and how will this benefit users? Level01 is built using microservices architecture, which is, according to Loi, “a fusion of numerous small, clear-cut and clustered services, each built using the technology suited for the purpose of the service.” The Level01 trading platform was initially launched on Android, but a web-based client and iOS app will be soon be released as well. So, what about the machine learning component? How many trading platforms are using a combination of blockchain and machine learning and what’s the benefit? “The machine learning algorithm is proprietary and custom-developed for our peer-to-peer platform,” Lois explains. “The algorithms dynamically balance risk/reward ratio of options contract pricing for the investors and traders, where if not available they would be constantly removing and reissuing live option contracts into the market if the contract pricing is no longer viable due to market movements.” How Does Level01 Hold Up Against Fiat Derivates Exchanges? In fiat denominated exchanges, the price of the currency is generally stable, however, crypto land is subject to dramatic volatility. But that doesn’t bother Loi. “Stability is relative,” he says. “While we agree that volatility of cryptocurrencies is higher than traditional currencies, we believe that in the future it will stabilize. Also, there is a demand from long-term investors in cryptocurrency to utilize their holdings in a broader way and we see an appeal of such a platform for them. Finally, we are thinking of ways to introduce synthetic hedges or eliminate direct exposure to cryptocurrency while trading on the Level01 exchange. So the ultimate goal is to be universal in terms of the underlying denomination of our contracts.” In other words, this is not your standard cryptocurrency exchange. Investors can trade a multitude of assets, ranging from crypto to commodities, stocks to indices. Big-Name Support Offering a wealth of tradable assets seems like a good way of crossing the chasm to mass adoption. At least, allowing traditional derivatives traders the chance to get their feet wet with cryptocurrency trading. Moreover, Level01 has accrued some big-name support in the form of partners like Thomson Reuters. “They’re our trusted partner in terms of data,” says Loi. “We work closely with them to make sure that their and Level01 data services run smoothly, reliably and most importantly, Level01 is always provided with the highest quality market data which is essential to allow traders any slight edge in the markets.” Thomas Reuters’ Head of Trading Market Development also happens to be a senior advisor on the board. The Android Beta is Out, What’s Next on the List? “Our immediate operation plans are focused on further product development and customer acquisition. The core technology of Level01 provides a strong value-add to the investment and trading community, and we intend to focus on building additional products around this core technology and grow awareness about such features.” With security, usability, advanced technology, and a desire to appeal to traders from the traditional and crypto spheres, Level01 looks to be in a class of its own. Whether traders will agree on that, however, remains to be seen. The post What Is the Level01 Exchange? appeared first on NullTX.

5 months ago

Stephen Hawking left us bold predictions on AI, superhumans, and aliens

The late physicist Stephen Hawking’s last writings predict that a breed of superhumans will take over, having used genetic engineering to surpass their fellow beings. In Brief Answers to the Big Questions, to be published on Oct. 16 and excerpted today in the UK’s Sunday Times (paywall), Hawking pulls no punches on subjects like machines taking over, the biggest threat to earth, and the possibilities of intelligent life in space. Artificial Intelligence Hawking delivers a grave warning on the importance of regulating AI, noting that “in the future AI could develop a will of its own, a will that is in conflict with ours.” A possible arms race over autonomous-weapons should be stopped before it can start, he writes, asking what would happen if a crash similar to the 2010 stock market Flash Crash happened with weapons. He continues: In short, the advent of super-intelligent AI would be either the best or the worst thing ever to happen to humanity. The real risk with AI isn’t malice, but competence. A super-intelligent AI will be extremely good at accomplishing its goals, and if those goals aren’t aligned with ours we’re in trouble. You’re probably not an evil ant-hater who steps on ants out of malice, but if you’re in charge of a hydroelectric green-energy project and there’s an anthill in the region to be flooded, too bad for the ants. Let’s not place humanity in the position of those ants. Earth’s bleak future, gene editing, and superhumans The bad news: At some point in the next 1,000 years, nuclear war or environmental calamity will “cripple earth.” However, by then, “our ingenious race will have found a way to slip the surly bonds of Earth and will therefore survive the disaster.” The earth’s other species probably won’t make it, though. The humans who do escape earth will probably be new “superhumans” who have used gene editing technology like CRISPR to outpace others. They’ll do so by defying laws against genetic engineering, improving their memories, disease resistance, and life expectancy, he says Hawking seems curiously enthusiastic about this final point, writing, “There is no time to wait for Darwinian evolution to make us more intelligent and better natured.” Once such superhumans appear, there are going to be significant political problems with the unimproved humans, who won’t be able to compete. Presumably, they will die out, or become unimportant. Instead, there will be a race of self-designing beings who are improving themselves at an ever-increasing rate. If the human race manages to redesign itself, it will probably spread out and colonise other planets and stars. Intelligent life in space Hawking acknowledges there are various explanations for why intelligent life hasn’t been found or has not visited earth. His predictions here aren’t so bold, but his preferred explanation is that humans have “overlooked” forms of intelligent life that are out there. Does God exist? No, Hawking says. The question is, is the way the universe began chosen by God for reasons we can’t understand, or was it determined by a law of science? I believe the second. If you like, you can call the laws of science “God”, but it wouldn’t be a personal God that you would meet and put questions to. The biggest threats to earth Threat number one one is an asteroid collision, like the one that killed the dinosaurs. However, “we have no defense” against that, Hawking writes. More immediately: climate change. “A rise in ocean temperature would melt the ice caps and cause the release of large amounts of carbon dioxide,” Hawking writes. “Both effects could make our climate like that of Venus with a temperature of 250C. The best idea humanity could implement Nuclear fusion power. That would give us clean energy with no pollution or global warming.

5 months ago

AutoFair, A US-Based Car Dealership Sells First Car in Exchange for Dash

AutoFair, an automotive firm that bases its operations in New England, US has sold the first car in the country for Dash. The organization deals in new and pre-owned vehicles, and it has dealerships in eight locations of New Hampshire and Massachusetts. The car was a 2012 Ford Fusion, and AutoFair sold it for 36,9855 Dash ($7,560). A point of sale app dubbed Anypay processed the upfront payment. The firm has rolled out a promotional discount for individuals that are willing to buy cars using cryptocurrency. (KE)

5 months ago


News courtesy of berminal.com
Enjoying our data? We have spent over 4000 hours on Platform Development and Coin Research. Donations are welcome!
Trading and investing in digital assets is highly speculative and comes with many risks. The analysis / stats on CoinCheckup.com are for informational purposes and should not be considered investment advice. Statements and financial information on CoinCheckup.com should not be construed as an endorsement or recommendation to buy, sell or hold. Please do your own research on all of your investments carefully. Scores are based on common sense Formulas that we personally use to analyse crypto coins & tokens. We'll open source these formulas soon. Past performance is not necessarily indicative of future results. Read the full disclaimer here.
Dark Theme   Light Theme
1