Golem GNT

$0.0692
Market Cap $ 66.438 MM (#61)
24h Volume $ 1.760 MM
Chg. 24h: 5.75%
Algo. score 4.3/5  (#15)
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Golem News

As a part of the broader Golem Network, Unlimited will suppo...

As a part of the broader Golem Network, Unlimited will support the Network's usecases - the first integration being… https://t.co/HGScPz5tZ6

8 days ago

This is our product for medium to large size organizations w...

This is our product for medium to large size organizations with idle computing power. Each Golem Unlimited instance… https://t.co/Gy3aBUzmKP

8 days ago

So, as we mentioned in our 2018 recap, soon our product Gole...

So, as we mentioned in our 2018 recap, soon our product Golem Unlimited will have its Brass integration. Let's do a… https://t.co/lgbZvo7OyS

8 days ago

3/ Golem is an option but you have multiple choices to take...

3/ Golem is an option but you have multiple choices to take control of your computational power and recycle it to… https://t.co/pVw4iSReh9

9 days ago

And what about @kascheri's Golem Network Globe? The world ac...

And what about @kascheri's Golem Network Globe? The world according to the nodes of the worldwide computing power n… https://t.co/b7ackEw7yJ

11 days ago

We have an awesome community! check out these resources they...

We have an awesome community! check out these resources they made. @mat77ias Golem Network's Github Visualization i… https://t.co/fcT77Oh88e

11 days ago

Coinbase CEO Reviews Accomplishments in Q4 2018, Says “Can’t Wait to Do It All Again in 2019”

Brian Armstrong, the CEO of cryptocurrency exchange Coinbase revealed a note he sent to the Coinbase team, stating their achievements in Q4 2018. He summarized how Coinbase had added more people to its team, new features, new cryptocurrencies and more. The New Entrants to the Coinbase Ecosystem The company added several new people to its team this year, as noted by Armstrong: “As expected, this put some strain on communication, decision making, and even trust. We’re a largely new team that still needs to come together and gel, and this will be a major focus of 2019.” He said that Coinbase had a lot of success with everything they launched and then listed and described the company’s new products and features. In Q4 2018, Coinbase added crypto-to-crypto trading for users and added a news feature which helps customers stay up-to-date with the latest crypto developments. It also added a feature called Watchlist that allows users to customize their dashboard and stay updated about the coins they are interested in. Coinbase also integrated with PayPal, allowing users to withdraw funds to their PayPal accounts for free. Coinbase Pro added whitelisting and address book. Coinbase Earn was added which is a new way to earn crypto while learning about it. Coinbase listed USDC, the Circle-backed digital programmable dollar (stablecoin) and other cryptocurrencies like Zcash and multiple ERC20 tokens, including BAT, GNT, LOOM, MANA, ZIL, ZRX, and MKR. Coinbase custody was established which now supports 79% of crypto assets by market cap. Expanding Its Horizons Coinbase launched in six new jurisdictions including Iceland, Lithuania, and the Isle of Man. Improving its security, the exchange migrated $5 billion worth of cryptocurrency to its Generation Four cold storage infrastructure. In the fourth quarter, the company raised another $300 million from investors in a Series E funding round. Coinbase invested in several up and coming crypto projects including Spacemesh, Alchemy, Abacus, Nomics, Starkware, Staked.us and more. Armstrong noted that the team focused on scaling last year to meet market demands and better serve their customers. He concluded by saying: “We asked a lot of everyone on the team. I’m proud of how we rose to the occasion to meet the challenges and opportunities before us this year.” Coinbase CEO Reviews Accomplishments in Q4 2018, Says “Can’t Wait to Do It All Again in 2019” was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com.

15 days ago

Coinbase Now Available in Six New European Markets

In the run-up to the final announcement of the 12 Days of Coinbase program, the US-based cryptocurrency exchange today announced that it is rolling out its platform to six new markets in Europe. The regions where Coinbase will now be available are- Andorra, Iceland, Isle of Man, Lithuania, Gibraltar, and Guernsey. Expanding Global Footprint In a blog post announcing its expansion into the six new jurisdictions, Coinbase described its journey between 2012 and 2018, where it expanded from the US to 33 other countries. Users in the newly added jurisdictions can get full access to Coinbase.com, as well as the Android and iOS apps of the exchange. Over time, Coinbase Pro and Coinbase Prime will also be made available in these regions. The exchange also noted that it would continue to add new assets and expand rapidly into new markets next year to meet the customer demands. Moving to the End of the 12 Days of Coinbase The exchange’s 12 Days of Coinbase program is coming to an end, and several new features and announcements were added during the last 11 days. Coinbase suggests: “Cryptocurrencies are global by their very nature, and we believe that they should exist without borders. To realize our mission means making crypto easily available to everyone, irrespective of their geographical location.” The 12 Days of Coinbase Timeline Day 1- WeGift e-Cards: Users can now spend their crypto balances to buy e-gift cards from WeGift which can be redeemed on Uber, Nike, GAP, and more. Day 2- Zcash Donation to Venezuelan families: The exchange made $10,000 worth of donations in Zcash via GiveCrypto which will be used to provide support to Venezuelan families. Day 3- Cryptocurrency: The future of finance and money (Video): Coinbase talked about the power and flaws of money, talking about its vision of cryptocurrency as a means of economic freedom and democratization. Day 4- New Watchlist feature: Users will now be able to add digital assets to their watchlist with the click of a button. Even assets that are not listed on Coinbase will be available on the watchlist. Day 5- Enables PayPal withdrawals: In a major announcement, Coinbase allowed users to withdraw cash from their Coinbase wallet directly to their PayPal accounts. Day 6- Bitcoin donation for Syrian refugees: Coinbase donated $10,000 in BTC to Syrian refugees living in Greece via GiveCrypto. Day 7- Coinbase educates users on USDC: TCoinbase talked about its first stablecoin listing, USDC, a Circle-backed cryptocurrency pegged to the US Dollar 1:1. Day 8- Enables direct crypto conversions: Users can now convert one crypto holding to another quickly using the new Convert feature on Coinbase.com and the Android and iOS apps. Day 9- Coinbase Pro Lists four ERC20 Tokens: Coinbase pro adds support for Golem, Maker, Dai, and Zilliqa in select jurisdictions. Day 10- Launches Coinbase Earn: Coinbase Earn allows participants to earn crypto while learning about it at the same time. The program has launched initially in invite-only mode. Day 11- Welcomes Customer From New European Regions Coinbase will now be available for customers in Iceland, Andorra, Isle of Man, Lithuania, Gibraltar, and Guernsey. Day 12- To be confirmed... Coinbase Now Available in Six New European Markets was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

a month ago

Coinbase President: 2019 Will Be a Great Year For Crypto Institutional Investment

As Bitcoin (BTC) plummeted heading into December, investors thought that the visions of a Santa Claus rally were going to be quashed. Yet, in an unexpected turnaround, the crypto market at large has undergone a reversal, with BTC moving 25% higher in a week’s time. Speaking in the context of this seeming “relief rally,” Coinbase’s president, Asiff Hirji, has claimed that he “isn’t surprised,” and expects this industry to continue to swell in the years to come. More Innovation In Crypto Than Ever Before CNBC’s “Fast Money” segment recently brought on Hirji, grilling the industry insider about his and Coinbase’s outlook on this industry. Bitcoin soaring this week as the markets selloff. Here's what @coinbase president @asiffhirji had to say about the move pic.twitter.com/dCrXkhq5bz — CNBC's Fast Money (@CNBCFastMoney) December 20, 2018 Unsurprisingly, when asked about crypto’s bounce off year-to-date lows, the Coinbase representative, bringing up Warren Buffet’s age-old adage of “be greedy when others are fearful, and be fearful when others are greedy,” noted that this double-digit recovery isn’t illogical. Hirji added that while valuations were bounds ahead of fundamentals in late-2017, as BTC breached $20,000 in an industry first, development on blockchain infrastructure in 2018 has exceeded all years prior. Echoing comments issued by Spencer Bogart, a partner at Blockchain Capital, the Coinbase president of one year explained that engineers (developers) continue to flock to this industry, catalyzing the creation of ground-breaking projects. In other words, as put by Hirji, “there has never been as much innovation as there is today.” This isn’t a baseless statement by any means. In recent months, as documented by NewsBTC, household names in traditional realms, including Nasdaq and the Intercontinental Exchange (ICE), have embarked on fully-fledged cryptocurrency adventures. ICE, for instance, is looking to launch a one-stop shop for crypto participants, which could catalyze global adoption with the flicking of a few switches. Blockchain networks themselves have also undergone innovation-induced spurts of growth, with Bitcoin seeing its Lightning Network expand parabolically throughout the past year. Expect More Crypto Assets To Be Added To Coinbase CNBC anchor Mellisa Lee then pressured Hirji to answer for Coinbase’s sudden infatuation with listing handfuls of crypto assets, a far cry from the days that the San Francisco-based startup supported BTC — no more, no less. For those who missed the memo, in recent months, Coinbase has begun to alter its underlying business strategy to be more accepting of crypto assets. This shift has most recently taken the form of listing ten cryptocurrencies in quick succession, before offering support for trading one cryptocurrency to another on Coinbase Consumer. Related Reading: Coinbase Gets Aggressive With Crypto Listing: Lists MakerDao, Golem, Zilliqa Although many Bitcoin maximalists have criticized the $8 billion firm for opening its doors further, Hirji explained that Coinbase means no harm. Hirji noted that while listing only BTC was logical in crypto’s nascency, the tides have turned, with there now being thousands of cryptocurrencies in circulation. Out of those ~4,000, the member of Coinbase’s top brass remarked that only 200 of the aforementioned sum have fundamental value. And, as noted by the startup president, all crypto assets that “matter” will be added to Coinbase’s expansive roster of products in due time, pending regulatory approval of course. 2019 Will Be A Good Year For Institutional Involvement Discussing institutional involvement in this industry, an extremely pertinent topic amid 2018’s market rout, Hirji noted that this subset of investors is looking for “valid venues” to transact on, coupled with qualified, regulated custodians. Coinbase, in the eyes of its own president, fits that role perfectly, as Hirji explained that its custody arm and prime brokerage solution are the best in the business. Case in point, Coinbase Custody recently received a regulatory green light from the stringent New York Department of Financial Services (NYDFS). The former TD Ameritrade executive added that Coinbase’s market data underpins a number of leading derivatives products, only cementing the startup’s status as a qualified participant. And with all this in mind, it should come as no surprise that Hirji went on to note that Coinbase’s custodial service “has blown by internal goals,” as “hundred of institutions” onboard onto the platform in recent memory. Addressing the market as a whole with Coinbase’s performance in mind, Hirji, concluding his remarks on the matters, stated that 2019 will “continue to be a good year for institutions heading into crypto.” Featured Image from Shutterstock The post Coinbase President: 2019 Will Be a Great Year For Crypto Institutional Investment appeared first on NewsBTC.

a month ago

Coinbase Announces Rollout in Six New European Markets

CoinSpeaker Coinbase Announces Rollout in Six New European Markets Zeeshan Feroz, Coinbase’s U.K. CEO, said the firm looks for markets that are “close to or within jurisdictions that we operate in today” when it decides on new expansions. The company recently opened a new office in Dublin, as part of a contingency plan to continue to have access to the bloc post-Brexit. Some of the markets Coinbase is expanding into are becoming increasingly popular destinations for cryptocurrency and blockchain-related start-ups. The company was able to participate in a total of 33 countries and help people to buy and sell crypto assets in these countries. Now, Coinbase has added six European markets in the following regions: Andorra, Gibraltar, Iceland, Lithuania, Isle of Man and Guernsey. Today, we’re taking another stride toward realizing our mission of creating an open financial system for the world by announcing the rollout of Coinbase to 6 additional markets around the world. Learn more here: https://t.co/A07HxXmqn1 It's Day 11 of 12 Days of Coinbase. pic.twitter.com/n235o22uyn — Coinbase (@coinbase) December 20, 2018 Gibraltar is, for example pretty interesting because it has a domestic licensing process for such firms to become registered blockchain technology providers. Iceland, however, has become a popular hub for so-called cryptocurrency mining due to an abundance of renewable energy. Feroz said: “I think you can expect a more aggressive approach to us adding more countries in the coming months. Much of what we’re doing here is driven by customer needs and what we’re seeing in the market.” Bitcoin has fallen nearly 80 percent since its record high in December last year. The world’s most valuable virtual currency was trading above $4,000 on Thursday for the first time in two weeks. Feroz added: “I think if you look at last year, a lot of the focus was on people who bought crypto from an investment point of view and a lot of projects raised a ludicrous amount of money as a result of that.” In Coinbase they confirmed that the new customers in these markets will be able to make full use of Coinbase.com and their iOS and Android apps, allowing them to buy and sell cryptocurrencies on the Coinbase platform for the very first time. They said they are hoping to make Coinbase Pro and Prime available in these regions over time. Coinbase Believe That Crypto is “Without Borders” Just this week, Coinbase was able to put new assets on the exchange. These were mostly ERC20 Ethereum-based tokens and they were not added to all the jurisdictions of the company until now. These new assets include Golem (GNT), Maker (MKR), DAI and Zilliqa (ZIL). Before that, they launched 0x (ZRX), Basic Attention Token (BAT), and their stablecoin, USD Coin (USDC) across all Coinbase platforms, they also added Civic (CVC), district0x (DNT), Loom Network (LOOM) and Decentraland (MANA) to Coinbase Pro. The exchange then said: “Our decision to add ERC20 tokens first is based on the relative ease of integrating the standard with our existing infrastructure, particularly from a security standpoint.” They also announced that next year they will continue expanding rapidly into new regions and adding assets to the Coinbase platform to meet customer demand. Two weeks ago they said they are continuing to explore the addition of new assets. This work also includes close cooperation with regulators and banks in order to make these new cryptocurrencies available for Coinbase customers in as many jurisdictions as possible. The company has also published the list of 31 potential new additions which includes among others the above-mentioned XRP, EOS, Cardano (ADA), NEO and Tezos (XTZ). Nevertheless, the company warns that there is no any guarantee that all the cryptocurrencies included into this list will be added to the platform. Such a situation is explained by the fact that some restrictions could be imposed on concrete coins or they could be not listed due to the results of their evaluation. Some cryptocurrencies may become available only in particular jurisdictions. Coinbase Announces Rollout in Six New European Markets

a month ago

Coinbase Opens its Doors to Customers in 6 New European Markets

Starting December 20th 2018, residents of six new European countries will now have access to the cryptocurrency exchange of Coinbase. The six new countries are as follows: Andorra Gibraltar Guernsey Iceland Isle of Man Lithuania Since its launch in 2012, the exchange strives towards creating an open financial system for the globe. They have managed to do this by expanding their reach outside the US to 33 countries across the world; and now 6 more in Europe. Access Limited to Coinbase.com and Mobile Apps New customers in these jurisdictions will only have full access to Coinbase.com and the platform’s mobile applications on both iOS and Android. Coinbase Pro and Prime will initially not be available for the new customers, but the exchange has promised to avail them with time. Coinbase Plans to Continue its Expansion Globally The team at Coinbase went on to state that 2019 will be a year of continual expansion. Next year we will continue expanding rapidly into new regions and adding assets to the Coinbase platform to meet customer demand. Cryptocurrencies are global by their very nature and we believe that they should exist without borders. To realize our mission means making crypto easily available to everyone, irrespective of their geographical location. Conclusion of the ’12 Days of Coinbase’ Event News of Coinbase expanding to 6 new countries is the 11th announcement in the 12 Days of Coinbase event that concludes today, December 21st. Below are the announcements the exchange has made in the past 11 days. Expansion of its e-Gift card program to US customers Donation of $10,000 in ZCash (ZEC) to more than 50 Venezuelan Families A video showcasing Coinbase’s belief in economic freedom Launching a Watchlist Availability of PayPal Withdrawals for its US customers $10,000 gift in Bitcoin ($BTC) to GiveCrypto.org Listing of USD Coin (USDC) Direct crypto conversion capabilities on Coinbase Listing of Dai (DAI), Golem (GNT), Maker (MKR) and Zilliqa (ZIL) Launch of Coinbase Earn that lets users to earn crypto while learning about them in a simple and engaging way Welcoming customers in the aforementioned six European countries What are your thoughts on Coinbase opening its doors to customers in Andorra, Gibraltar, Guernsey, Iceland, Isle of Man and Lithuania? Please let us know in the comment section below. The post Coinbase Opens its Doors to Customers in 6 New European Markets appeared first on Ethereum World News.

a month ago

Coinbase Pro continues growing, adds DAI, GNT, MKR, and ZIL

Yesterday, Coinbase Pro has announced the addition of four new Ethereum-based assets to its platform. Accordingly, Dai (DAI), Golem (GNT), Maker (MKR), and Zilliqa (ZIL) have joined the mix. Listing details Coinbase made the announcement yesterday, via their blog. Each of the added token projects also include other functions, aside from trading. The crypto exchange noted these smart contract functions are not yet available on Coinbase Pro. As a result, users who want to engage in MKR governance, use their GNT tokens to submit rendering tasks to the Golem beta network, utilize functionality like Compound, or exit DAI positions in the event of global settlement will need to move their assets from Coinbase Pro to a local wallet. Coinbase also interestingly noted that only DAI and GNT will be tradable on the U.S. Coinbase Pro exchange, and that “International Coinbase affiliates” will include MKR and ZIL trading for specified non-US customers. As for popular crypto assets other than ERC20 token options, Coinbase is looking into the legal compliance associated with such additions. “[W]e are exploring the addition of many new assets beyond ERC20 tokens on a jurisdiction-by-jurisdiction basis.” Incoming transactions for DAI, GNT, MKR, and ZIL opened after 11:45am PT on December 18. Coinbase mentioned they needed at least twelve hours to build up sufficient asset liquidity after deposits opened. DAI, GNT, MKR, and ZIL order books will soon enter transfer-only mode. We will accept inbound transfers in the regions where trading is supported. Orders cannot be placed or filled. Order books will be in transfer-only mode for a minimum of 12 hours. https://t.co/Ov3BtA1BWE — Coinbase Pro (@CoinbasePro) December 18, 2018 Trading will commence once sufficient liquidity has been determined. As of the time of this reporting, it appears as though only GNT is tradable on Coinbase Pro. DAI, MKR, and ZIL still seem to be waiting for sufficient volume to come through. These assets are also only available on Coinbase Pro and not Coinbase.com. Coinbase explained four sequential stages for the mentioned token listings: transfer-only, post-only, limit-only, and full trading. These stages exist to properly build the exchange’s order books for effective trading. DAI will be the second stablecoin made available on Coinbase Pro, as the exchange announced USD Coin (USDC) listing in October. Legal compliance 2018 has seen significant regulatory pressure from the U.S. Security and Exchange Commission (SEC). Numerous Initial Coin Offerings (ICOs) have been labeled as unregistered securities. Coinbase is one crypto party that seems to keep pace with regulatory expectations. Two months ago, Crypto Insider reported on Coinbase receiving a crypto custody service approval from the hard-line regulatory state of New York. It is interesting to note that the company received custody approval for Ripple’s XRP, but has not listed the asset yet. Coinbase’s regulatory compliance could explain why ZIL and MKR will not be tradable for U.S. customers right away. Many crypto asset projects may still be in the cross-hairs of the SEC regarding their status as securities. More to come Coinbase released a list earlier this month, stating thirty-one additional assets for potential future listing. DAI, MKR, ZIL, and GNT were on that list. This fall’s frequent Coinbase listings are quite different from last year when Coinbase additions were one of the rarest occurrences in the crypto space. Readers likely remember when Coinbase added Bitcoin Cash last December, causing the asset to rise above $4,000 on some exchanges. Although we find ourselves in the middle of a bear market, Coinbase listings still appear to provide some sort of price action, whether speculative or not. However, that price action could simply be associated with bitcoin’s recent bullish movement, currently sitting just under $3,800 on Blockmodo at the time of this writing. #Zilliqa nice pump just happened. — Cryptotrendsio (@Cryptotrendsio1) December 18, 2018 Image Courtesy: Coinmarketcap.com *CryptoInsider is sponsored by Blockmodo. As part of our arrangement, we may occasionally link to them and quote them when appropriate. This is done at the discretion of CI staff and CI sponsors have no say in any editorial decisions made by CI. The post Coinbase Pro continues growing, adds DAI, GNT, MKR, and ZIL appeared first on Crypto Insider.

a month ago

Coinbase Launches Coinbase Earn in Invite-only Mode

As part of their mission to create an open financial system, Coinbase today launched Coinbase Earn. This initiative by the exchange allows users to learn about cryptocurrencies while earning them as well. The program was launched in invite-only mode today. The announcement was part of the 12 Days of Coinbase series. Making Blockchain More Accessible Coinbase noted that blockchain technology would need to be made more accessible to create an open financial system. Coinbase Earn will allow users to participate in the industry more. In the announcement Coinbase stated: “Coinbase Earn allows users to earn cryptocurrencies while learning about them in a simple and engaging way. The idea is for users to understand more about an asset’s utility and its underlying technology while getting a bit of the asset to try out.” In order to manage demand, the program will launch in invite-only mode and will focus only on 0x Protocol (ZRX). The exchange will add more content as well as other cryptocurrencies over time. Who Gets to Learn and Earn With Coinbase? Users selected for the program will receive an invite for Coinbase Earn by email. These users will be able to earn ZRX by taking short video lessons and quizzes. The Coinbase Earn educational content is free for all and can be viewed by users who have not been sent an invite yet. Users can also sign up on the waitlist to be notified of more educational tasks when they become available. The initiative comes after a survey of Coinbase customers and non-customers regarding the biggest barriers that prevent people from exploring new assets. The survey also found that people have a strong desire to learn about digital assets other than Bitcoin but didn’t know how to get started. All the tasks on Coinbase Earn, therefore, will revolve around asset education. Moreover, the initiative provides people a third alternative for earning cryptocurrencies apart from mining and buying. The funding for this initial phase of the program comes from the 0x external development pool, and 100% of funds are given to users. The 12 Days of Coinbase Timeline Day 1- WeGift e-Cards: Users can now spend their crypto balances to buy e-gift cards from WeGift which can be redeemed on Uber, Nike, GAP, and more. Day 2- Zcash Donation to Venezuelan families: The exchange made $10,000 worth of donations in Zcash via GiveCrypto which will be used to provide support to Venezuelan families. Day 3- Cryptocurrency: The future of finance and money (Video): Coinbase talked about the power and flaws of money, talking about its vision of cryptocurrency as a means of economic freedom and democratization. Day 4- New Watchlist feature: Users will now be able to add digital assets to their watchlist with the click of a button. Even assets that are not listed on Coinbase will be available on the watchlist. Day 5- Enables PayPal withdrawals: In a major announcement, Coinbase allowed users to withdraw cash from their Coinbase wallet directly to their PayPal accounts. Day 6- Bitcoin donation for Syrian refugees: Coinbase donated $10,000 in BTC to Syrian refugees living in Greece via GiveCrypto. Day 7- Coinbase educates users on USDC: TCoinbase talked about its first stablecoin listing, USDC, a Circle-backed cryptocurrency pegged to the US Dollar 1:1. Day 8- Enables direct crypto conversions: Users can now convert one crypto holding to another quickly using the new Convert feature on Coinbase.com and the Android and iOS apps. Day 9- Coinbase Pro Lists four ERC20 Tokens: Coinbase pro adds support for Golem, Maker, Dai, and Zilliqa in select jurisdictions. Day 10- Launches Coinbase Earn: Coinbase Earn allows participants to earn crypto while learning about it at the same time. The program has launched initially in invite-only mode. Day 11- To be confirmed... Day 12- To be confirmed... Coinbase Launches Coinbase Earn in Invite-only Mode was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

a month ago

Coinbase moved $5 billion in crypto as part of an upgrade it was worried would take a toll on the market

Coinbase, the cryptocurrency exchange, announced Wednesday the successful completion of an upgrade made to its cold-storage infrastructure. As part of the process, the firm migrated $5 billion worth of crypto from the old system (dubbed generation 3) to the new system (generation 4). “Last week we successfully completed an on-blockchain migration of approximately $5 billion (as valued the week ending Dec. 7, 2018) of cryptocurrency from generation 3 to generation 4 of our cold storage infrastructure,” a press release said. According to Coinbase, that might be the largest migration of crypto in history. The $5 billion number represents 5% of all bitcoin, 8% of the total supply of ether, and 25% of all litecoin. The migration, which took place over several days earlier this month, opened Coinbase up to potential risks, the firm said. “One of the risks we identified early on in the process was the potential for our migration to be mistaken for an exchange breach or a large trader preparing to sell a significant amount of cryptocurrency.” The firm thought about announcing that it would be upgrading its system in advance but feared hackers would take advantage of the shift. The firm made an announcement hinting at the maintenance in November without saying specifically what would be going on to quell anxieties. A person familiar with the new system told The Block that it would allow for Coinbase to more quickly add new assets to its exchange. Institutions were already making trades with the new system, but now all of Coinbase’s activity will be on generation 4. Coinbase has notably listed a slew of new assets in recently, including AI, GNT, MKR, and ZIL. “This system protects against key loss, key misuse (including insider threat and application level attacks) and supports world class key governance and audit while being currency agnostic,” the blog post added. “That means we can store any cryptocurrency using the same system, without making compromises in the level of security provided to any single cryptocurrency.” The post Coinbase moved $5 billion in crypto as part of an upgrade it was worried would take a toll on the market appeared first on The Block.

a month ago

Coinbase Expands Professional Trading Services with New Ethereum-Based Tokens

The California-based trading venue listed Dai (DAI), Golem (GNT), Maker (MKR), and Zilliqa (ZIL) in pairs with USD Coin (USDC) on Coinbase Pro.

a month ago

Daily Berminal Brief: Crypto Market Makes A Recovery, And Coinbase Adds New Tokens

The State of The Market - December 19, 2018 BTC: $3,875.33 (+9.67%) XRP: $0.375593 (+13.33%) ETH: $105.90 (+12.11%) The market is in green for the second consecutive day, as Bitcoin makes its way to $4,000. Bitcoin was expected to test its support at $3,000 as it was trading at $3,200 on Monday. However, in the last 48 hours, the crypto market has added more than $20 Billion. Also, Ethereum, for the first time is back above $100 after crashing below that point in early December. Meanwhile, Bitcoin Cash (BCH) is up by 38%, overtaking Litecoin and Tether to claim the 6th spot. Bitcoin Cash SV (BSV) is up by 22%, but remains at the 9th spot. In other news, Bitcoin evangelist, and billionaire Tim Draper has invested $1.25 million in a Bitcoin exclusive payments processing startup called OpenNode. OpenNode announced that the funding will be used to expand its team and bolster its legal and compliance initiatives. OpenNode will process "instant" and "risk-free" Bitcoin payments for clients and revenue is generated by charging 1 percent for transactions. Also, Western Union, the global money transfer and remittance provider, recently posted statements on its Twitter feed indicating that it was keeping an eye on the pace of global adoption of cryptocurrencies and is ready to add cryptocurrencies as a payment option for customers at any time. Western Union began actively testing Ripple's cross-border payment technology in 2015. 1) Coinbase has added Dai (DAI), Golem (GNT), Maker (MKR), and Zilliqa (ZIL) to its Coinbase Pro trading platform, with some regional restrictions. GNT and DAI will be available in the US, but not New York, the UK, the EU, Canada, Singapore, or Australia. MKR and ZIL will be added to Coinbase Pro in the UK, EU, Canada, Singapore, and Australia only. Deposits to the platform began on December 18. 2) Cryptocurrency investing firm Polychain Capital has announced that the recent fundraising round for their first venture capital fund raised $175 million despite the ongoing crypto bear market. According to Axios, Polychain plans to continue investing in cryptocurrencies and other digital currencies through its hedge fund, while the venture fund will make equity investments in blockchain and digital asset startups. Pantera Capital has also indicated that they have raised two-thirds of their venture fund target of $175 million and plan to hold a final closing in Q1 of 2019. 3) After ending a ten-week Incubation Program, Binance Labs has launched eight new blockchain-based projects. More than 500 projects applied for the program and the selected projects each received $500,000 and were provided with guidance, mentorship, and resources in order to launch their product. Head of Binance Labs, Ella Zhang said that the Incubation Program is designed to "build up a strong blockchain ecosystem and a network of BUIDLers around the world." Path founder Robert Yau and his team participated in the Incubation Program and when asked whether the experience was meaningful, Path said, "The weekly fire chat and the mentors are invaluable…[these] intimate fire chat discussions and one to one time are priceless". Each project now has the opportunity to pitch their product for further funding onstage at Binance Conference in Singapore on January 21. The next incubation workshops will take place in Buenos Aires, Singapore, Lagos, Hong Kong, San Francisco, and Berlin. (VS)

a month ago

Coinbase Pro Lists Dai, Golem, Maker, and Zilliqa for Select Jurisdictions

US-based cryptocurrency exchange Coinbase today announced that it would be listing four new Ethereum tokens to its Coinbase Pro platform. The tokens are Dai (DAI), Golem (GNT), Maker (MKR) and Zilliqa (ZIL). The exchange is working on its previous announcement for bringing more ERC20 technical standard assets to the platform. Golem is not an ERC20 token but is Ethereum-based. Where Will the Tokens Be Available? The tokens will be available to customers of Coinbase Pro but only in select jurisdictions. Golem and Dai will be available for Coinbase Pro users in the UK, the EU, Canada, Australia, and Singapore. US users, except those in New York, will also get to trade in these coins. Maker and Zilliqa will not be available in the US but will be available for traders in Singapore, Canada, Australia, the EU, and the UK. The exchange started accepting deposits in all four coins around 11:45 am PT on December 18. Deposits will be accepted for 12 hours before trading starts. Then the exchange will enable limit orders. When Coinbase Pro achieves sufficient liquidity for these tokens, full trading will be allowed. Coinbase announced earlier this year that it would support many ERC20 tokens to its platform. Coinbase has already launched 0x (ZRX) and Basic Attention Token (BAT) and added a new stablecoin USDC as well. Coinbase also supported Loom Network (LOOM), Decentraland (MANA), districtox (DN) and Civic (CVC) on its platform recently. Full Token Functionality Not Accessible In a blog post announcing the new listings, Coinbase wrote that it would not provide smart contract functionality immediately to the users. It said: “Each of these tokens has associated functionality, some of which may be in beta. Moreover, each token’s associated functionality is not currently directly accessible via the Coinbase Pro platform.” Golem, for example, connects users to a distributed compute farm which cannot be accessed via Coinbase. Therefore, users who want to participate in the distinctive functionalities of these coins need to move them to a local wallet. Coinbase will only facilitate their buying, selling and storing. The exchange also said that it could bring more digital assets and ERC20 tokens to the platform. It said that adding ERC20 tokens first is relatively simple for them as these assets can easily be integrated into their existing infrastructure. The 12 Days of Coinbase Timeline Day 1- WeGift e-Cards: Users can now spend their crypto balances to buy e-gift cards from WeGift which can be redeemed on Uber, Nike, GAP, and more. Day 2- Zcash Donation to Venezuelan families: The exchange made $10,000 worth of donations in Zcash via GiveCrypto which will be used to provide support to Venezuelan families. Day 3- Cryptocurrency: The future of finance and money (Video): Coinbase talked about the power and flaws of money, talking about its vision of cryptocurrency as a means of economic freedom and democratization. Day 4- New Watchlist feature: Users will now be able to add digital assets to their watchlist with the click of a button. Even assets that are not listed on Coinbase will be available on the watchlist. Day 5- Enables PayPal withdrawals: In a major announcement, Coinbase allowed users to withdraw cash from their Coinbase wallet directly to their PayPal accounts. Day 6- Bitcoin donation for Syrian refugees: Coinbase donated $10,000 in BTC to Syrian refugees living in Greece via GiveCrypto. Day 7- Coinbase educates users on USDC: TCoinbase talked about its first stablecoin listing, USDC, a Circle-backed cryptocurrency pegged to the US Dollar 1:1. Day 8- Enables direct crypto conversions: Users can now convert one crypto holding to another quickly using the new Convert feature on Coinbase.com and the Android and iOS apps. Day 9- Coinbase Pro Lists four ERC20 Tokens: Coinbase pro adds support for Golem, Maker, Dai, and Zilliqa in select jurisdictions. Day 10- To be confirmed... Day 11- To be confirmed... Day 12- To be confirmed... Coinbase Pro Lists Dai, Golem, Maker, and Zilliqa for Select Jurisdictions was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

a month ago

9th Day of Coinbase Announced Support for Four More Ethereum Tokens

CoinSpeaker 9th Day of Coinbase Announced Support for Four More Ethereum Tokens Following their launches of 0x (ZRX), Basic Attention Token (BAT), and their stablecoin, USD Coin (USDC) across all Coinbase platforms, they also added Civic (CVC), district0x (DNT), Loom Network (LOOM) and Decentraland (MANA) to Coinbase Pro. The exchange said: “Our decision to add ERC20 tokens first is based on the relative ease of integrating the standard with our existing infrastructure, particularly from a security standpoint.” In their “12 Days of Coinbase” celebration, they announced support for DAI (DAI), Golem (GNT), Maker (MKR), and Zilliqa (ZIL). Of these, GNT is not technically an ERC20 token, but is an Ethereum-based token. Inbound transfers for DAI, GNT, MKR, and ZIL are now available in the regions where trading is supported. Traders cannot yet place orders and no orders will be filled. Order books will be in transfer-only mode for a minimum of 12 hours. https://t.co/Ov3BtA1BWE — Coinbase Pro (@CoinbasePro) December 18, 2018 Each of these tokens has associated functionality, some of which may be in beta. Moreover, each token’s associated functionality is not currently directly accessible via the Coinbase Pro platform. For example, the Golem GNT token provides access to a distributed computer farm, the Zilliqa network can be used to experiment with high-performance smart contracts, and the MKR and DAI tokens form a paired set of assets in which MKR provides governance, and DAI is a decentralized, collateral-backed stablecoin. In particular, direct access to smart contract functionality will not be immediately available through Coinbase Pro. As a result, users who want to engage in MKR governance, use their GNT tokens to submit rendering tasks to the Golem beta network, utilize functionality like Compound, or exit DAI positions in the event of global settlement will need to move their assets from Coinbase Pro to a local wallet. In Coinbase they said: “Our US Pro platform, operated by Coinbase, Inc., will support trading in DAI and GNT only. International Coinbase affiliates will support trading in MKR and ZIL for clients in select jurisdictions outside of the US. We recognize that there are popular assets that we have not yet added to our platform. Our decision to add ERC20 tokens first arises in part from the relative ease of integrating the standard with our existing infrastructure, particularly from a security standpoint. However, as noted in our earlier post, we are exploring the addition of many new assets beyond ERC20 tokens on a jurisdiction-by-jurisdiction basis.” In Coinbase they said that they will accept deposits for at least 12 hours prior to enabling trading. Once sufficient liquidity is established, trading will begin on each respective USDC order book. Support for GNT and DAI will initially be available for Coinbase Pro users in the US (excluding NY), the UK, EU, Canada, Singapore and Australia. MKR and ZIL will not initially be available to customers in the US, but will be tradable to users in the UK, EU, Canada, Singapore, and Australia. Additional jurisdictions may be added at a later date. There will be four stages to the launch as outlined below. Coinbase plans to follow each of these stages independently for each new order book. If at any point one of the new order books does not meet their assessment for a healthy and orderly market, they might keep that particular book in one state for a longer period of time, or suspend trading as per their trading rules. Coinbase is Rapidly Improving Their Platform Arguably the most important announcement for long-time investors, as Coinbase investors have had a limited choice until recently, the inclusion of more tokens follows up on Coinbase’s decision to support ERC-20 tokens. The exchange has gradually added several tokens to the exchange, such as 0x (ZRX) and Basic Attention Token (BAT). Coinbase has been the recipient of a lot of public attention in the second half of 2018. With new features and tokens expected in 2019, it is doing a remarkable job of bringing exposure to cryptocurrency, and altcoins in particular. Most recently, Coinbase announced new features such as instant PayPal withdrawals and feeless crypto-to-crypto conversions. The new additions have raised some concern in the community. Previously, the company has been cautious to add new coins. The rapid addition of these new ERC20tokens could expose the company to additional liability because of potential securities classification. Another controversy is why Coinbase has chosen this particular order for token listings. Whether the process is random, or influenced by other factors is subject to speculation. In Coinbase they said: “One of the most common requests we receive from customers is to be able to trade more assets on our platform. With the recent announcement of our new listing process, we anticipate listing more assets over time that meet our standards.” Nonetheless, the expansio

a month ago

Coinbase Gets Aggressive With Crypto Listing: Lists MakerDao, Golem, Zilliqa

Amid an extended bear market, Coinbase has surprised Bitcoin maximalists and crypto asset diehards alike, recently listing a series of crypto assets seemingly out of left field. However, many pundits and commentators have deemed that the San Francisco-based company’s shift in strategy is illogical, as it goes against formerly-established principles. Yet, the firm has only doubled-down on its growing penchant for alternative cryptocurrencies, listing a number of Ethereum-based tokens on Tuesday. Coinbase Pro Incessantly Lists More Cryptocurrencies On Tuesday, amid a flurried market rally, Coinbase Pro suddenly revealed that it would be listing DAI and Maker (MKR), the two assets of the Andreessen Horowitz-backed MakerDao project, Golem (GNT), and Zilliqa (ZIL). All the aforementioned assets are situated on the Ethereum Network, with Coinbase’s decision to list these crypto assets likely stemming from the technical ease of implementation. This recent sequence of listings come just weeks after the same platform unveiled support for Civic (CVC), district0x (DNT), Loom Network (LOOM) and Decentraland (MANA). DAI, GNT, MKR, and ZIL order books will soon enter transfer-only mode. We will accept inbound transfers in the regions where trading is supported. Orders cannot be placed or filled. Order books will be in transfer-only mode for a minimum of 12 hours. https://t.co/Ov3BtA1BWE — Coinbase Pro (@CoinbasePro) December 18, 2018 Starting Tuesday, users of Pro will be allowed to deposit DAI, GNT, MKR, and ZIL onto the platform. Pro intends to keep support for these assets in deposit-only for a minimum of 12 hours, ensuring that sufficient liquidity for the crypto assets is established to avoid market debacles. For now, the assets listed on Pro will remain on the professional trading platform, with support on Coinbase’s other platforms likely arriving within the next few weeks. While it seems that the world-renowned platform has added each and every crypto asset in recent months, there remain over 20 crypto assets on the startup’s chopping block. This extensive list, as reported by NewsBTC previously, includes community favorite XRP, prediction platform Augur (REP), and smart contract platform Cardano (ADA). Related Reading: Crypto Community Reacts to New Coinbase Listings: Reception Generally Negative Coinbase Shifts Business Strategy To Be Pro-Crypto Asset Although Coinbase’s intention to list an array of crypto assets seems innocuous enough, many pundits have seen this move as a hint that the startup’s business practices are enduring a radical underlying shift. Speaking to Linda Shin, the showrunner at the highly-acclaimed Unchained podcast, Dan Romero, one of the $8 billion firm’s multiple vice presidents, confirmed these rumors. In the one-hour-long installment of Unchained, Romero explained that his firm’s clientele has begun to clamor for crypto asset support, presumably catalyzing the recent listings. Romero, who has headed Coinbase’s pro-crypto asset movement, noted that in a bid to keep customers safe within Coinbase’s gated community, so to speak, his firm has embarked on a mission to support as many assets as legally viable. And, as seen by Tuesday’s announcement, Coinbase’s alteration in its fundamental game plan has already manifested. Yet, the upstart’s thirst for innovation hasn’t only culminated in assets supported, but with its already-expansive, yet rapidly-growing product roster as well. Just a day prior to Tuesday’s listing debacle, Coinbase revealed that its consumer-centric platform would be offering in-house crypto-to-crypto trading support. This addition, which was the focus of the fintech giant’s 8th “12 Days of Coinbase” announcement, has been dubbed “Convert.” As its name implies, Convert will allow users of Coinbase’s iOS or Android apps and Coinbase.com to instantaneously one cryptocurrency to another at a “lower than if done via two separate transactions.” The long-standing cryptocurrency exchange will be charging a 1% spread per “Digital Asset Conversion” request, but the actual fee incurred may vary, due to “market fluctuations.” While Coinbase’s newfound enamorment for crypto assests could be classified as an overt power play, the firm’s cardinal mission is, of course, to create an open financial system for the world. Its recent offerings are likely only a byproduct of its ambitions to accomplish this arduous mission. Still, an extremely long road lies ahead of Coinbase, along with its fellow platforms all across the road, as cryptocurrencies are still in their earliest phases. Travis Kling, the investment head at the recently-launched crypto hedge fund Ikigai, stated that although Bitcoin’s blockchain has been up-and-running for a decade, a majority of its history was just getting its wings off the ground. By the same token, the former institutional investor explained that most of the publicity and development that has fallen on cryptocurrencies, came within the last 18 to 24 mont

a month ago

Coinbase Pro Adds DAI, Golem (GNT), Maker (MKR), and Zilliqa (ZIL)

Keeping true to their word on planning to list more tokens, the cryptocurrency exchange Coinbase has added Dai (DAI), Golem (GNT), Maker (MKR), and Zilliqa (ZIL) to its Coinbase Pro trading platform, with some regional restrictions. GNT and DAI will be available in the US, but not New York, the UK, the EU, Canada, Singapore, or Australia. MKR and ZIL will be added to Coinbase Pro in the UK, EU, Canada, Singapore, and Australia only. Deposits to the platform will begin “at some point” after 11.45 am Pacific time (PT) on December 18. (JF)

a month ago

Coinbase to list DAI, GNT, MKR, and ZIL

Coinbase announced in a blog post on Tuesday that its Coinbase Pro product will begin accepting deposits for four new cryptos: DAI, GNT, MKR, and ZIL. Deposits will be taken for at least 12 hours before enabling trading to establish liquidity. This announcement comes after Coinbase announced that it was exploring the addition of over 30 new assets on its exchange. Trading for GNT and DAI will initially be accessible for Coinbase Pro users in the US (excluding NY), UK, European Union, Canada, Singapore, and Australia. MKR and ZIL will not be available to customers in the US. The Block previously reported that Coinbase was revamping its listing policy to enable developers to “apply to have their coin listed in a certain region.” The exclusion of MKR and ZIL for U.S. traders is an example of Coinbase’s listing change. The four listed assets offer the following: Dai (DAI) is a crypto-backed algorithmic stablecoin Maker (MKR) is the decentralized governance and collateral platform behind Dai Golem Network (GNT) is decentralized cloud computing network Zilliqa (ZIL) is a blockchain platform for hosting decentralized applications With the addition of these four assets, Coinbase Pro now offers trading features for a total of 16 cryptocurrencies. The post Coinbase to list DAI, GNT, MKR, and ZIL appeared first on The Block.

a month ago

Breaking: Coinbase Lists Dai, Maker (MKR), Golem (GNT), and Zilliqa (ZIL)

On Tuesday afternoon, Coinbase Pro, the professional trading platform of the similarly named startup, divulged that it would be listing four prominent altcoins as its 9th daily announcement for its “12 Days Of Coinbase” initiative. As revealed in a blog post pertaining to this news, the platform will be listing DAI and Maker (MKR), the two primary digital assets that pertain to the MakerDao project, Golem (GNT), widely dubbed one of Ethereum’s most promising products, and Zilliqa (ZIL), a startup aiming to initiate the blockchain 3.0 revolution. DAI, GNT, MKR, and ZIL order books will soon enter transfer-only mode. We will accept inbound transfers in the regions where trading is supported. Orders cannot be placed or filled. Order books will be in transfer-only mode for a minimum of 12 hours. https://t.co/Ov3BtA1BWE — Coinbase Pro (@CoinbasePro) December 18, 2018 These four cryptocurrencies are all Ethereum-based tokens, which lines up with the startup’s recent listings of Civic (CVC), district0x (DNT), Loom Network (LOOM) and Decentraland (MANA). Starting today, Pro will begin to accept “inbound transfers” for the projects mentioned in this article’s first paragraph, before opening order books once sufficient liquidity and demand is established. Support for GNT and DAI will be initially available for Coinbase’s clientele in the U.S. (except NY State), the U.K., E.U., Canada, Singapore, and Australia. MKR and ZIL will also be offered for consumers situated in the listed countries as well, except for the U.S., presumably due to regulatory constraints. It is important to note that this feature isn’t available on Coinbase.com (Consumer) just yet, but this is likely to change over the next few weeks. Ethereum World News will update you as time goes on. Make sure you keep in checking in. Title Image Courtesy of Marco Verch Via Flickr The post Breaking: Coinbase Lists Dai, Maker (MKR), Golem (GNT), and Zilliqa (ZIL) appeared first on Ethereum World News.

a month ago

@dizhel @kacperwikiel @KyleSamani @iEx_ec Ps. The GNT token ...

@dizhel @kacperwikiel @KyleSamani @iEx_ec Ps. The GNT token does have its usability. The whitepaper explains throug… https://t.co/S1aUjBIyNL

a month ago

Another thing to consider is each providers’ hardware setup....

Another thing to consider is each providers’ hardware setup. All in all, we have designed Golem to be significantly… https://t.co/Z3DFOtGZHT

a month ago

We are building Graphene-ng at Golem, but TEEs are a hot top...

We are building Graphene-ng at Golem, but TEEs are a hot topic in the @ethereum ecosystem and we are putting great… https://t.co/EnmsEGbfim

a month ago

My take on OmiseGO, expectations vs reality, expectation management, developmental status and short/midterm future analysis and concerns.

Some might know me, as I’ve been around since the beginning shortly after ICO. I was very excited, to the point of shilling it to friends, family, on reddit and twitter. Defending this team, project and community. I tried educating people, correcting FUD and actively engaging in discussions. I am not posting this for sympathy, upvotes or whatsoever. I want everyone to know what has been said, how it’s been said, when it’s been said and compare that with what we have right now. If I posted anything wrong, correct me and I’ll stand corrected. I also believe there are things going on that need attention, for the sake of the future of this project. English is not my native language so I'm trying to keep this post as readable as possible :) The way this project was announced made me feel like this project was different from any other crypto. Had major backers in the likes of Vitalik, Poon. Aims to provide a solution to real world problems, can drastically change lives. This token is supposed to be a utility token, that will eventually ‘earn’ you fees. This way the token will have an intrinsic value, in contrast to many tokens out there. It all felt like a no brainer buying in, especially compared to other tokens/currencies out there. ------------------------------ The last few months were absolutely brutal. Times like these also make you critically assess your ‘investments’ and evaluate where we stand and where we are heading. Ofcourse, bear markets can clog your mind and reasoning abilities possibly even more so than in bull markets. I can safely say I am not immune to these drastic market movements, but even though I have invested a lot of money, it is money I can afford to lose. Which doesn’t mean I should be okay with it. I have been seriously emotionally attached to this investment because I want it to succeed so bad. I care about the project and I appreciate the people working on it. A slur of death threats and extremely offensive, racist remarks is not something the team deserves and I’d like to distance myself from people like this empathically. **We can all come to the conclusion OmiseGO is far from succeeding in their goals laid out in their whitepaper, crowdsale docs and public communications, and I believe now is the time to evaluate and look back all the way to the moment OMG was announced on the 17th of February, 2017 (close to 22 months ago) and announcements, developments plus comms by the team along the way.** ------------------ I will start at the beginning and use tweets from the official OmiseGO twitter account. ####**February 2017** https://twitter.com/omise_go/status/832624847314247681 . Announcement of OMG. Notice how this tweet already contains Q4 2017, which immediately provides a sense of ‘this is all around the corner, all we need is a token sale done in Q2’17. The first few public communications by the OMG team were tweets about tendermint, for example this retweet by the OMG team: https://twitter.com/marekkirejczyk/status/832885686554460160 . PoS research so advanced already! Then there is this retweet of an article containing an interview with Thomas Greco (who’s role has mysteriously diminished) from the 20th of February 2017. https://www.ibtimes.co.uk/omise-using-ethereum-create-decentralised-inter-asia-m-pesa-1607451?utm_campaign=soficalflowtwitter&utm_source=socialflowtwitter&utm_medium=articles Interesting little outtake from this article: > “Wendell Davis, product development lead, Omise, said: "If you are going to launch a mobile money platform you need people to accept it. You need merchants etc. The justification for Omise doing a project like this is we have already done that type of business development with 3,000-plus major merchants from the likes of airlines to large corporate holding companies that have restaurants and things like that. That business is already done; those relationships already exist. > Regarding the token sale and the initial role of token holders, he added: "We want there to be a variety of stakeholders and we want those stakeholders to have access initially to what we are calling our fee revenue. Basically while we are operating this network of wallets - whether on behalf of this company or that company - we are taking small fees. To begin with OMG token holders will be able to claim a percentage of fee revenue so that they can participate in this.” Notice how it suggests the token is going to have utility ‘initially’. ####**May 2017** On the 3rd of May 2017 we have a tweet with Vitalik and Poon sitting at the table with OMG https://twitter.com/JUN_Omise/status/859991740282945537 Shortly after that there’s an ethereum meetup with Poon and Thomas Greco https://twitter.com/omise_go/status/862945097108815872 and just a week later we have the actual OMG whitepaper written by Joseph Poon https://twitter.com/omise_go/status/865570171758542848 . The first question that comes to mind is where is Joseph Poon? Since writing the

a month ago

Hopeful Golem showing green pastures in the red bloodbath

The market has been unkind in the last month to most tokens. In this, we explore how altcoin Golem has done and whether it can stay in the green.

2 months ago

So ICOs Did or Didn’t Sell Their ETH Treasury During The Last Bloody Week?

There is little doubt that Ether has been one of the hard-hit coins in the recent crypto markets’ collapse. At press time, the cryptocurrency has lost nearly 50% of its value since Nov 1, tumbling all the way down from $203 to $104. This comes after Ether had reached its all-time high at $1400 just ten months ago. While the current market decline may have contributed in some way to ETH’s woes, regulatory uncertainty around ICOs is believed to have played a more significant part, aside to other possible causes such as the Hash Wars. The SEC has clamped down on several ICOs for issuing tokens that should be registered as a security, and right now the rumor in the crypto community is that many ICOs on the Ethereum blockchain are (only now) cashing out their ETH to avoid losing funds raised. The earliest ERC-20 ICOs tops the ETH HODLing table Is this really the truth? Yes. But only to some extent. The following stats revealed that the following ICO projects are not taking part in the current cash-out: icos hodling The top 15 ETH-holding ICOs are refusing to give up their ETH treasury and still nurturing the hope that a bounce back may be on the sidelines. Only 2.5% of ETH has been sold by these top projects even though the value of the coin is approaching a 50% decline level. Keep in mind, the earlier the project raised, the lower the price of ETH. Hence, there are many projects which are still having nice gains despite the crash. Five of the top ICOs on the list still hold over 200,000 ETH with only an average of 8,000 ETH spent over the last 30 days. The top two projects, DigixDao and Golem, have liquidated none in this period with the most massive spender being the Status Project that has sold 28,100 ETH. Six other projects in the top 15 have spent 0 ETH during the 30-day period. Gnosis, the 6th project has spent only 1 and still holds over 196,000 ETH in its wallet. In total, just 60,881 ETH has been spent compared to the 2,353,610 ETH that is still in their treasury. It could be that those ICO projects raised so much during their ICO period and will not incur any significant loss by hanging on just a little longer. Since these startups can still cover company operating costs, they consider it safe to “gamble” with a highly volatile asset like ETH. This could be seen by many as irresponsible behavior, however, investing in an ICO doesn’t give any rights like shareholders. Only time will tell which ICO projects made the right decision, or it was a panic sell. But what is now sure is that those projects raised way over than the needed amount. Did somebody say an ICO bubble? 256 Million USD had evaporated However, almost 200,000 ETH was cashed out by various ICOs in the last seven days only: Source: TrustNodes Hero tops the above list of Ether ICOs cashing out: The project sold 24,258 ETH in the last seven days, holding a final balance of 13529 ETH. The other ICOs in the top 15 spenders, except Status, have sold or withdraw below 20,000 ETH in the last seven days, with Storm Project cashing out its remaining balance of 1024 ETH. The amazing part is that those 200K ETH worth around $24 million according to today’s prices. In the all-time high, this was no less than $280 million. This means nearly $256 million that was evaporated. The post So ICOs Did or Didn’t Sell Their ETH Treasury During The Last Bloody Week? appeared first on CryptoPotato.

2 months ago

Introducing Brass Golem Beta 0.18.2: easier onboarding proce...

Introducing Brass Golem Beta 0.18.2: easier onboarding process and some cosmetic upgrades :) please update to the l… https://t.co/mTrdTYQcvB

2 months ago

Captains of Crypto unite in welcoming one of our own! Beam G...

Captains of Crypto unite in welcoming one of our own! Beam Golem up, Scotty, the #ShatnerHODL has began cc… https://t.co/00RJLnwt5W

2 months ago

Curious about the future of Golem Unlimited? wondering what'...

Curious about the future of Golem Unlimited? wondering what's next on CGI rendering? maybe you'd like to know more… https://t.co/0SCBaPNq3G

2 months ago

@BobSummerwill Ha! Bob the Golem of Prague is in the city ce...

@BobSummerwill Ha! Bob the Golem of Prague is in the city center, I think 300 mts from the Astronomical Clock. The… https://t.co/J76jGftmcS

2 months ago

The Golem #DEVCON4 team! Thanks to everyone that joined our ...

The Golem #DEVCON4 team! Thanks to everyone that joined our party, @Viggith’s talk, @rootkovska’s panel and all of… https://t.co/JguSwOioWQ

3 months ago

The execution framework Graphene-ng, built by Golem and SGX ...

The execution framework Graphene-ng, built by Golem and SGX introduces a more usable UX regarding the interaction w… https://t.co/nZ3aE4nrou

3 months ago

AI Requires the Computational Capacity that Blockchain Provides

Centralized data servers might not cope with the power AI needs. At best, they can be least slow and expensive. Could blockchain-based decentralized marketplaces for computational power be the answer? Artificial intelligence (AI) — much like the internet of things (IoT) and blockchain — is set to become a foundational technology. These technologies will not only integrate but could also rely on each other to exist. According to Forbes and Gartner, by 2020, 85% of customer interactions will be managed by AI. However, AI’s compiling, rendering, and predictive analysis is extremely resource-intensive. Just two years ago it took 26 hours to map a human genome when AI is used in science and medicine. Today it takes around an hour and the computational power do so is still substantial. Centralized data servers might not be able to cope with supporting wide, daily, application of AI. Is this What Bitcoin Was Built For? Blockchain, or distributed ledger technology (DLT), may provide the computational resource AI needs by utilizing the computing power of many machines. In some ways, this is what the Bitcoin protocol was designed to do. Siim Õunap, COO of Savii Digital told Forbes: One of the little-known reasons behind the creation of the Bitcoin protocol was to get enough computing power to solve complex mathematical problems that no one computer could by itself. As the process went on, it evolved and virtual currency was born. Õunap says the Bitcoin blockchain created an ideal solution to combine hardware efforts to power technologies like AI and IoT. Professor Andrew J. Hacker of Harrisburg University, and founder of Thought AI, a public mineable blockchain for the “AI Superhighway,” says it’s not just computational, or “compute” power that’s important. So too is the data fed to AI and what happens to the results. Hacker says: Blockchain technologies hold the promise of adding structure and accountability to AI algorithms and the quality and usefulness of the intelligence they produce. Thought AI uses a 3-layer model of hybrid data, algorithm superstructures and blockchain to efficiently utilize “compute power.” Decentralizing Computational Power Currently, geneticists wanting to map genomes might need to outsource the task to centralized processing farms like Amazon’s data centers. Something that is slow and expensive. Blockchain solutions in development include services like Tatau, a decentralized marketplace for GPU power. Tatau matches a computationally intensive project with connected platform members who will share their system resources. Tatau’s CEO and co-founder Andrew Fraser says: Demand for AI computation is doubling every 3.5 months with costs increasing proportionately. Traditional suppliers, such as Amazon and Microsoft, use price as a lever to control usage - this restricts innovation. Tatau has completed a $1.5 million round of seed funding and plans to launch in June 2019. Fraser adds: We want to unleash AI innovation by dramatically reducing the cost of computing by harnessing the globally distributed GPUs used by crypto miners and making them available for compute by AI companies via our platform. Another such solution, Golem, is also a decentralized power platform that calls itself the “Airbnb for Computers.” Golem raised $8.6 million in its ICO in 2016. Blockchain could commoditize and tokenize raw computational processing power in order to deliver resources to other new technologies like AI. Wide-scale hardware development will also be needed to support the arriving age of AI, IoT, and blockchain. Will blockchain power AI. What do you think? Images courtesy of Shutterstock. The post AI Requires the Computational Capacity that Blockchain Provides appeared first on Bitcoinist.com.

3 months ago

7/ Thanks for sticking with us. Download the latest Golem ve...

7/ Thanks for sticking with us. Download the latest Golem version, and please check out the Unlimited code - we are… https://t.co/nlJfMmRnCo

3 months ago

1/ To say this week's been eventful for Golem would be an un...

1/ To say this week's been eventful for Golem would be an understatement. We'd like everyone to keep up with everyt… https://t.co/gKoz8u2jzZ

3 months ago

We are happy to announce Joanna Rutkowska is joining Golem a...

We are happy to announce Joanna Rutkowska is joining Golem as Chief Strategy/ Security Officer. Read more about it… https://t.co/PosYwjPjvJ

3 months ago

@ProofofResearch Moreover, Golem has ICOd in 2016 - meaning ...

@ProofofResearch Moreover, Golem has ICOd in 2016 - meaning we have sufficient funds for such development. We are n… https://t.co/7N533EpGjS

3 months ago

@ProofofResearch Golem is planning to update the whitepaper....

@ProofofResearch Golem is planning to update the whitepaper. The issue is, that since many things we built are comp… https://t.co/GiKX39rlFV

3 months ago

GNT Price Analysis: The long road to utility

Golem (GNT) prices have suffered heavily in 2018 with the token lacking fundamental utility, and facing weaponized FUD surrounding the quality of the current ICO and Dapp ecosystem. With product development still only in early stages and the network currently lacking underlying fundamental value, price remains exposed to the volatile wrath of crypto markets,

3 months ago

Would you like to know what the Golem team will be up to in ...

Would you like to know what the Golem team will be up to in Prague? Find all details in this blogpost, including… https://t.co/AdTo3yobRw

3 months ago

Ethereum dApp Roundup Part 1: Platforms

The incredible versatility of the Ethereum blockchain has enabled a plethora of different decentralized apps (dApps) to exist. In the following series will see ten platform dApps under the spotlight. 1. Golem Making extra cash while browsing social media is the central promise of Golem, a peer-to-peer market for putting your computer’s excess CPU power to use for other people....Read More. The post by Priyeshu Garg appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News

3 months ago

Ethereum’s (ETH) Annual Developer Conference Is Less than 2 Weeks Away

The annual Ethereum (ETH) DevCon for this year will be held in Prague, Czech Republic, from the 30th of October till the 2nd of November. The conference is where Ethereum based designers, developers, researchers and artists meet. It is a family reunion hosted by the Ethereum Foundation to further educate and empower the Ethereum community to build more and better decentralized applications. Increased Community Participation at this Year’s DevCon Back in late July, the Ethereum Foundation introduced a more participatory and all-inclusive program for the event this year. Ethereum community members were allowed to apply to participate in the following activities during the event: Give a presentation: Participants to give a 5-minute lightning talk or a 20-minute presentation on the topic of their choice Lead a workshop: Participants could teach people to do something. Such an activity would be 2 hours long and participants should help their audience “get their hands dirty” by either writing code or learning to tell stories Host a breakout room: You could be creative and come up with your own programming for Devcon4. You could host dapp design critiques, facilitate a conversation, do live security reviews...just to name a few Applications have since been closed to allow ample time for the Ethereum Foundation to organize the event appropriately. Sponsors and Supporters The Ethereum Foundation has since published a list of Sponsors for the event. The sponsors are further categorized into 6 tiers to provide support in significant and impactful ways. A few of the sponsors include: AdEx, Blockchain Asset Ventures, Blockfolio, ShapeShift, SingularDTV, Ernst & Young, Golem, Microsoft, Energy Web Foundation, just to name a few. A new support tier of Scholarships and Grant supporters has been added to help bring new talent into the space. The grants and scholarships will provide support for academic programs for students on their way to becoming experienced developers. Conclusion This year’s Developer conference is particularly important for the Ethereum project and community, given the underlying issues of scaling the platform as well as coming to a consensus on the Constantinople upgrade. What are your thoughts on the Ethereum Developer Conference? Are you attending the event? What are your expectations? Please let us know in the comment section below. The post Ethereum’s (ETH) Annual Developer Conference Is Less than 2 Weeks Away appeared first on Ethereum World News.

3 months ago

Cryptocurrency is just one of seven types of cryptoassets you should know

Two years ago, the entire cryptoasset market had a value of $9 billion. Had it been a public company, it would barely have cracked the S&P 500 index. Fewer than two years later, the cryptoasset market is $300 billion in size, roughly double the market capitalization of RBC, Canada’s largest lender. The explosion (and recent pull-back) of value in cryptoassets like bitcoin and ether has captured the imagination of developers, and the attention of the media, governments, central banks, the investing public, and regulators. It has made enthusiasts euphoric, Nobel laureates skeptical, and old-school billionaires dyspeptic. Charlie Munger of Berkshire Hathaway went so far as to call bitcoin “noxious poison.” Is there any other kind of poison? To be sure, there is a lot of hype in this market, and the industry must confront such implementation challenges as scaling technology and regulatory uncertainty. But beyond the hype and mania, something profound is happening—the creation of an entirely new digital asset class. This new asset class will transform every industry in the economy, from financial services to pharmaceuticals, media to manufacturing. Existing assets like stocks and bonds will become digital assets and new yet unforeseen assets will emerge, enabling new decentralized business models based on collaboration and clever code. Understanding the various types of cryptoassets, and the different functions they serve, is crucial to thriving in this new decentralized digital economy. In the updated version of Blockchain Revolution, we break them down into at least seven categories: Cryptocurrencies like bitcoin, the granddaddy of all cryptoassets, are instruments of exchange, stores of value, and units of account. To wit, bitcoin today holds over $100 billion dollars and supports billions a day in global transactions. Banks are taking notice, going from “bitcoin bad, blockchain good,” to “bitcoin, yikes!” JPMorgan and Bank of America are speaking openly about the risks cryptocurrencies pose to their business, and Goldman Sachs and TMX Group’s Shorcan are moving swiftly to trade these assets. Platform tokens like ether of the Ethereum blockchain, the $40 billion mega-unicorn and Canada’s most successful start-up ever, are designed to support decentralized applications that eliminate intermediaries in virtually every facet of the economy. Ethereum has also emerged as the leading platform for initial coin offerings (so-called ICOs), where a project can tap into global pools of capital. To date, over $7 billion has been raised through ICOs, 70% of them using Ethereum’s standard, ERC-20. Ethereum and its challengers, Cosmos, Aion, and ICON, will form the backbone of the next era of the internet. Utility tokens are programmable blockchain assets that have utility in an application such as Golem, which aims to aggregate the power of the world’s smartphones into a decentralized supercomputer that anyone can use to run computations in exchange for golem tokens. Think Amazon Web Services without Amazon. Security tokens are native digital bonds, equities, and other securities that trade peer to peer without financial intermediaries. Why should a stock trade settle T+3 when buyer and seller can trade directly and settle T+0 on a decentralized exchange? The Canadian Securities Exchange intends to get into this market. Others would be wise to follow. ICOs have already upended venture capital. Bay Street will be next. Natural asset tokens represent tangible goods like gold, oil, or carbon in peer-to-peer markets with real-time settlement. For example, the Royal Mint partnered with the Chicago Mercantile exchange to create Royal Mint Gold, a digital gold token backed by gold bullion in the Royal Mint’s vaults. The entire commodities market is up for grabs, as is mass-market carbon trading. Cryptocollectibles are entirely unique digital assets. Consider CryptoKitties, an app that enables users to purchase, raise, and even breed unique virtual pets. As of January 2018, Cryptokitties’ 235,000 users had conducted $52 million in transactions. Companies like Everledger and others are enabling the tracking and trading of these rare and very real collectibles on the blockchain. Crypto-fiat currencies are issued and governed by central banks. In 2017, Venezuela shocked many by announcing its launch of “the Petro,” a cryptocurrency backed by the country’s vast oil reserves. The Federal Reserve and Bank of Canada should take notice: implemented properly, crypto-fiat currencies can make markets more efficient, transparent, and inclusive, and central bank policy more responsive to crises and shocks. This Cambrian explosion of cryptoassets will precipitate one of the greatest reorganizations of wealth and transformations to the global economy in our history. This represents a second kick at the can—an opportunity to assure that everyone has the ability to benefit from the prosperity of the digital age. To truly realize that promise, h

3 months ago

In the simplest case, Golem Unlimited instances (subnetworks...

In the simplest case, Golem Unlimited instances (subnetworks) will act as Golem Network single and powerful provide... https://t.co/62rpSfcbRD...

3 months ago

The Golem Unlimited SDK will feature an API, docs, tools, an...

The Golem Unlimited SDK will feature an API, docs, tools, and tutorials. Although the Golem Unlimited core code is... https://t.co/BZsZNjfkJW...

3 months ago

Unlimited is part of the broader Golem Ecosystem and it will...

Unlimited is part of the broader Golem Ecosystem and it will support all Golem network usecases, and provide a seam... https://t.co/YguWNrFvhE...

3 months ago

Each Golem Unlimited instance is a separate subnetwork, whic...

Each Golem Unlimited instance is a separate subnetwork, which has no economy layer (no GNT are used within Unlimite... https://t.co/uKupIrBAsP...

3 months ago

Coinbase Lists Its First Ethereum ERC20 Token, 0x

Coinbase, the biggest cryptocurrency exchange headquartered in the United States, has listed its first Ethereum ERC20 token. The lucky ERC20 token is 0x, the #25 crypto on CoinMarketCap with a market cap of USD 414 million as of this writing on 12 October 2018. This opens up the door for many more Ethereum ERC20 tokens to be listed on Coinbase. Getting listed on Coinbase is major news for any crypto since it makes them easily available throughout the United States as Coinbase is the go-to place to buy crypto in the country. This increases demand and price for any crypto that gets listed on Coinbase. It has been announced a while ago that 0x would likely be added to Coinbase, and 0x began to rally in the middle of September from USD 0.51 to USD 0.77 today, a 50% rally. The rally became more aggressive in the past couple of days due to Coinbase finally listing 0x. 0x is available for fiat to crypto trading on Coinbase Pro, and will soon be rolled out across all Coinbase platforms. 0x is the 6th crypto to be listed on Coinbase, the others being Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and Ethereum Classic. Coinbase announced near the beginning of October that it was opening a new application process, and was planning on adding every possible crypto to its exchange, eventually becoming like Binance which has hundreds of cryptos available for trading. 0x is just the first of many cryptos that will likely be added to Coinbase, and as seen with 0x, getting added to Coinbase has a very positive impact on a crypto’s market price. Therefore, if Coinbase truly ends up listing all major cryptos, it could have a significant impact on the overall crypto market. ERC20 is a protocol to make a token using the Ethereum blockchain, which is essentially a cryptocurrency that uses the Ethereum blockchain to secure itself. Numerous major cryptos are Ethereum ERC20 tokens, like Binance Coin, Maker DAO, OmiseGO, Aeternity, Basic Attention Token, Golem, Holo, Augur, Status, Populous, Waltonchain, and Chainlink. These are just the ERC20 tokens that have market caps in excess of USD 100 million, there are many more besides this with lower market caps that are still quite popular. Now that Coinbase has added 0x, it would be quite easy to add any other ERC20 token since they use the same backbone technology, and considering Coinbase’s new policy to add every worthy crypto, it is likely that many more ERC20 tokens will be added to Coinbase in the coming months. 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: Pixabay The post Coinbase Lists Its First Ethereum ERC20 Token, 0x appeared first on BitcoinNews.com.

3 months ago


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