Pillar PLR

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Pillar News

💬 @PullNews was interviewed by Business Reporter and talked ...

💬 @PullNews was interviewed by Business Reporter and talked about a future with digital wallets and Pillar as a way… https://t.co/3PholK5nZ0

8 days ago

Bitcoin Mining: Everything You Need to Know

Bitcoin mining is a term that everyone in the cryptocurrency and even many outsiders are familiar with. This is a process performed by high-powered computers (also known as nodes), which solve complicated computational math problems. While distinct, there are certain similarities between bitcoin mining and actual mining for precious metals such as gold, for example. Both processes are carried out with the intention to earn a reward. Furthermore, bitcoins actually exist in the bitcoin protocol but they haven’t been brought out yet - just as gold exists in the ground but it hasn’t been mined yet. But the aim of bitcoin mining is, however, twofold. For once, when the above-mentioned high-powered computer or any other type of mining hardware, for that matter, successfully solves the complex math problem on the network of Bitcoin, they produce a new bitcoin. On the other hand, by solving the computational math problems, bitcoin miners are actually making the payment network a secure through the proof-of-work consensus algorithm. Why is Bitcoin Mining Necessary? In order to break down bitcoin mining, there are a few important considerations that need to be taken into account. Consumers tend to trust different types of printed fiat currencies because they are backed by central banks. In the US, for instance, this is the Federal Reserve. This is even true for digital payments made with fiat currencies. Bitcoin, however, is not regulated by any central authority. It can be said that it is ‘backed’ by the computing power, which secures the network. This vast network of computers and mining hardware records transactions and make sure that they are accurate. Unlike central authorities, however, bitcoin miners are spread throughout the entire world and record the transactional information on a public ledger available to anyone. This ledger can be viewed using a block explorer and there are many different websites that provide this service. In other words, bitcoin mining is necessary for two different reasons - first, it is needed to create new bitcoin and second, it’s needed to confirm the transactional information. So, in theory, if you don’t want to buy Bitcoin, you can earn it through mining. Whether or not that’s efficient for you as an individual miner, however, is a different story. How Does Bitcoin Mining Work? In order for a bitcoin miner to get block rewards, there are two conditions which need to be met. First, the miner needs to confirm a certain amount of transactions and second, which is the trickiest part, solve a complex computational math problem. Put simply, if that’s at all possible, each miner is competing with all of the others to come up with a 64-digit hexadecimal number which is referred to as a “hash” which is less than or equal to the hash which is targeted. In other words, the computer will be spitting out different hashes at a certain rate per second guessing all of the possible 64-digit numbers until they reach the correct solution. Therefore, computational power is essential - the more powerful your mining equipment, the larger hash rate per second you’d be able to achieve. This is why the Bitcoin mining hardware is particularly important. Naturally, the cost of mining would be based on a the operation costs such as electricity, internet connection, hardware maintenance, and so forth. This is the main reason for which back in 2013 bitcoin miners started to use machines which were specifically designed for mining cryptocurrencies. These are called Application-Specific Integrated Circuits or ASIC mining, for short. ASIC mining devices can cost a serious amount of money but are more efficient than traditional computers. There are a few important things to be considered when it comes to BTC mining. These are some of its pillar components, so to speak. Blocks One of the things to be aware of in the world of Bitcoin mining is blocks. Transaction data is recorded in files which are called blocks. Think of it as a page from your city’s recordbook. Blocks are organized into a chain in chronological order - hence, blockchain. New transactions, as they are being confirmed by miners, go into new blocks, with each new block is being added to the end of the chain. This is why blockchain is also referred to as records of blocks. Block Rewards Is Bitcoin mining profitable? This is probably the most commonly asked question. Unfortunately, there is no one answer. Block rewards are what miners compete for. Other cryptocurrencies such as Bitcoin Cash, for instance, also have their own block rewards which differ from those of Bitcoin. At inception, every single bitcoin block reward was worth 50 BTC. However, the protocol works in a way where the block reward is being halved after 210,000 blocks have been discovered. This takes roughly around four years to complete. As of July 9th, 2016, the reward for discovering one block is 12.5 BTC. So is Bitcoin mining profitable? It depends. One would have to calcula

9 days ago

U.S. Federal Judge’s Decision to Deny Preliminary Injunction Request From SEC Against Blockvest and Its Implications on Ripple’s XRP

A judge from San Diego has denied on November 27 a U.S. Security and Exchange Commission (SEC) motion for a preliminary injunction against Blockvest, in what appears to be the first federal decision where the defendant is a digital asset offered during an ICO. While the ruling could represent a big setback for the SEC, it is unlikely to affect its approach to the ICO market. The court decision document states that Gonzalo Curiel, the Judge in charge of the case at the Southern District of California, has previously granted twice an SEC’s ex parte request for a temporary restraining order (TRO) and freeze of assets while granting expedited discovery against Blockvest in October and early November. After a series of hearings, and while taking into account court briefs and supporting documentation from both parties, Judge Curiel determined that the SEC has failed to show that investors who bought into Blockvest ICO, were buying an “investment contract” classified a security under the Securities Act. As of press time, the SEC has made no comments on the Judge’s decision. Factual Background In its complaint, the SEC claimed that the defendants (Blockvest and Reginald Buddy Ringlod III a.k.a Rasool Abdul Rahim El founder of Blockvest) falsely promoted their ICO as being registered with, and approved by the SEC. Defendants have also used the SEC seal on their website without its prior authorization, approval, or endorsement. Furthermore, the SEC maintained that Blockvest touted the fact that their ICO has the approval of the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA) by utilizing their logos and seals under the mention “Under the helpful eye of the CFTC and the NFA.” The court document further reads: “Defendants also created a fictitious regulatory agency, the Blockchain Exchange Commission (‘BEC’), creating its own fake government seal, logo, and mission statement that are nearly identical to the SEC’s seal, logo and mission statement. Moreover, BEC’s ‘office’ is the same address as the SEC’s headquarters.” In its defense response, Blockvest attorneys proclaimed that the company haven’t sold BLV tokens to the public during its Pre-ICO, but did use those tokens for “testing” purposes during the development of their platform. The defendant admitted that 32 testers did in fact put a total of around $10,000 worth of Bitcoin and Ether, as opposed to the SEC allegation that the company had garnered around $2.5 million in outside investment and was seeking to raise as much as $100 million from its ICO. Blockvest further held that it intends to issue a new utility token dubbed BLVX on the NEM Blockchain to be exclusively used on its exchange. The court document reports: “Defendants argue there is no common enterprise and the tokens do not represent an interest in or obligation of a corporation or other business. Therefore, Defendants argue the BLV token is not a security.” Judge Curiel concluded that the SEC has failed to prove that investors bought into Blockvest ICO with a reasonable expectation of making a profit based on the company managerial and operational efforts, hence denying its motion for preliminary injunction against Blockvest and its founder. What Does the Court Decision Imply for XRP? In fact, Ripple’s centralized nature has been a controversial point when it comes to an eventual ruling of XRP, its native token, as a Security vehicle by the SEC, besides the confidence shown in several occasion by the company’s representatives and spokesmen on XRP not being as such. In fact, SEC officials reiterated that decentralized digital assets wouldn’t be classified as securities to which Ripple claimed XRP’s existence as not hinging on the existence of Ripple Labs. The company has already received a $450,000 fine in a civil enforcement action back in 2015, for selling XRP without prior registering with the Financial Crimes Enforcement Network (FinCEN), and without implementing a proper AML procedure. However, according to Ripple, the Howey test used by the SEC to judge whether an asset is a security or not, would undeniably deem XRP not to be one. Ripple explains that XRP holders have no rights within the company and that XRP tokens doesn’t represent shares in Ripple or entitle holders to dividend payouts. The company further underlines that it has never claimed XRP value would increase, undermining the criteria of “expectation of gain out of the efforts of a third party,” a fundamental pillar of the Howey test. Hence, the Judge’s decision on the particularity of proving the “expectation of gain” could be significant in what it used to look like a strong case against Ripple. U.S. Federal Judge’s Decision to Deny Preliminary Injunction Request From SEC Against Blockvest and Its Implications on Ripple’s XRP was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

10 days ago

The Pillar team in Brussels just finished a 2-day workshop w...

The Pillar team in Brussels just finished a 2-day workshop with lawyers and technologists to draft a worldwide equi… https://t.co/BZ0PN5rM11

12 days ago

TRON Arcade: TRX Company Announces $100 Million Gaming Fund

Cryptocurrency, Gaming, TRON (TRX)-Despite the price conversation dominating cryptocurrency, as the market experiences a brief reprieve after two weeks and billions of dollars shed in market capitalization, most of the top currencies are pushing forward in development. On Nov. 29, the TRON Foundation announced the creation of a new fund which would highlight the need for gaming and blockchain development. Called “TRON Arcade” the announcement includes a $100 million commitment by the foundation to advance blockchain gaming on the TRON network paid out in installments over the next three years. According to the release, TRON Arcade seeks to “empower developers,” a move that the TRON Foundation and CEO Justin Sun have historically pushed as the most organic approach to growing both the TRX currency and the platform being built. SInce inception, TRON has been billed to investors and developers as more than a transactional currency. Compared to Bitcoin and other merchant focused coins, TRON seeks to build a multi-layered decentralized entertainment platform utilizing the TRX currency, with gaming being an obvious pillar to its development. Since acquiring BitTorrent in a bomb shell move over the summer, both the TRON Foundation and Justin Sun have garnered attention for their broadly focused programs to expand the existing framework of cryptocurrency. As many commentators have pointed out during the bear cycle of 2018, highlighted by last week’s most recent price plummet, crypto has room to grow before blockchain and the use of decentralized assets becomes commonplace in the mainstream. Until that time, investors can continue to expect severe price volatility, with crashes being the consequence of an underdeveloped marketplace and burgeoning industry. Yesterday, EWN reported on the TRX currency leading the market in performance, gaining over 20 percent on the day. The recent announcement of TRON Arcade adds to the building development for the currency, with TRON showing investors and TRX enthusiasts that they have a long-term commitment to the industry-despite the discouraging market movements that have characterized 2018. TRON is counting on the Arcade fund to form another pillar of the growing platform, much like Project Atlas is spearheading the integration of torrenting services through acquired BitTorrent. Speaking in the release, founder Justin Sun explained that blockchain gaming would improve the experience of both TRON and those looking for a new twist on the entertainment sector, “TRON strives to tackle existing issues faced by the gaming industry by leveraging the open, transparent, and immutability of blockchain technology. TRON Arcade will play a crucial role in encouraging developers to join in our mission and provide the best blockchain gaming experience to users around the world.” With the addition of TRON Arcade, in conjunction to other programs such as Project Atlas, it’s becoming more clear that Sun and the Foundation are targeting developer interest as the path for TRX dominance in the industry. Sun has repeatedly espoused the benefits of TRX over Ethereum, including transaction speed and network scalability, in an effort to woo away talent from its most pressing competition. Now, with Arcade, TRON is opening itself up to a fresh wave of development focus through gaming. The post TRON Arcade: TRX Company Announces $100 Million Gaming Fund appeared first on Ethereum World News.

13 days ago

Only 4 days left to the final Pillar Community Meetup this y...

Only 4 days left to the final Pillar Community Meetup this year - join the team and our beloved Pillaristas for the… https://t.co/yK97RMzV24

16 days ago

Tim Draper to Address the UCIM Audience in Singapore

CoinSpeaker Tim Draper to Address the UCIM Audience in Singapore Billionaire tech investor Tim Draper is all set to address a global audience at the United Conference of Internet Money (UCIM), Singapore. The conference is scheduled for 26th and 27th November 2018 with a vision to “catalyze decentralization in its true essence.” Rohan Sharma, Professor X (event head) at UCIM, shared: “It took us eleven emails with our team’s best creative ideas to get a yes from Mr. Draper. Some were about the event, some from the cryptoverse, some raps, and others simply honest. We spent a lot of time as we all idolise Mr. Draper for the amazing person that he is.” UCIM is based on a unique concept of ‘cryptoverse’ as can be seen from the theme of their website. They plan to reflect the same at the conference venue as well. On the first email from the cryptoverse, Draper replied “Best email ever. Thank you.” This was the third outreach and after the response, there was no looking back for the UCIM team. Sukriti Leekha, Chief of Pun(ctuation) at UCIM, added: “Mr. Draper inspired me to be something beyond a writer, and reach out to him as the cryptoverse- the parallel of our universe in the space of cryptocurrencies and blockchain. We would spend hours reading and researching about him, and the more we knew, the more efforts we put in. With two raps already written, we look forward to more.” Additionally, after the team found out that the Robinhood founders let go of their salaries for a while to have Draper’s trust and support, they did something similar. UCIM will now host 100 students from the top colleges of Singapore to empower the future leaders to be believers of decentralization. The conference is also hosting some other prominent speakers, including Pillar Project CEO David Siegel, Global Boost CEO Bruce Porter Jr, Smart Valor CEO Olga Feldmeier, and trading expert Tone Vays. UCIM will also feature a panel dedicated to the women in blockchain in an attempt to transform the drastically low representation. As per the data available with them, there are less than 5% women in the industry that’s predicted to surpass 16 billion by 2024. The crypto space is known for anonymous contributors, and the global conference will celebrate such privacy and freedom by presenting an anonymous panel. Mr. Backwards, an anonymous and popular crypto name on Twitter, recently shared that he will be joining UCIM for the panel. Excited to announce that I will be heading to UCIM in Singapore! 🇸🇬Besides connecting with people in the space I will also be a panelist. When: 26 - 27 November 2018#UCIM #UCIMSingapore #UCIM2018 Check out: https://t.co/j68IyURe05 pic.twitter.com/7PWbft48Kp — Mr. Backwards ® (@Coin_Shark) November 6, 2018 Singapore is known to be a hub for technology enthusiasts, startups, and investors. With UCIM kickstarting the Singapore Blockchain Week, there’s a lot to be leveraged by various stakeholders. Tim Draper to Address the UCIM Audience in Singapore

22 days ago

IMF Chair Christine Lagarde Teases Digital Currency at Fintech Festival

Digital currencies are getting serious thought from global bodies. Christine Lagarde, Managing Director of the International Monetary Fund, has hailed the ongoing “Fintech revolution” and enumerated the possible advantages to digitizing money. In a speech before the Singapore Fintech Festival, Mrs. Lagarde teased attendees with the possibilities of bank-issued digital currency. “A new wind is blowing, that of digitalization,” Mrs. Lagarde said, in her prepared remarks. “[M]oney itself is changing. We expect it to become more convenient and user-friendly, perhaps even less serious-looking.” However, the IMF Chairwoman was more skeptical of decentralized cryptocurrencies. “For their part, cryptocurrencies seek to anchor trust in technology. So long as they are transparent—and if you are tech savvy—you might trust their services,” she suggested, before the inevitable caveat. “Still, I am not entirely convinced. Proper regulation of these entities will remain a pillar of trust.” Digital Currency? There’s a Bank For That The speech appears to be the culmination of a long process of discussion within the IMF and other global financial bodies on the virtues of digital —but not crypto— currencies. The directors’ appearance was accompanied by the release of a “Staff Discussion Note” relating to the Fund’s internal deliberations on nationally-issued digital fiat currencies. Although not expressing any formal opinions on behalf of the IMF, the Note indicates strong interest in digital assets—under the leadership of a central bank, that is. “Digitalization is reshaping economic activity, shrinking the role of cash, and spurring new digital forms of money,” says the Note, which was prepared by IMF staffers to inform its deliberations. “Central banks have been pondering whether and how to adapt. One possibility is central bank digital currency (CBDC)—a widely accessible digital form of fiat money that could be legal tender.” DLT Gets A Firm “Maybe” The note goes on to report on several of the perceived advantages of digital currencies for domestic transfers, although avoiding the thorny subject of cross-border transfers. While the report is optimistic about the possibilities of digital fiat currencies, the paper is decidedly more guarded about blockchains or other distributed ledgers: Decentralized settlement is possible via the use of distributed ledger technology (DLT). However, although the technology is evolving, it currently falls short in scalability, energy efficiency, and payment finality [our emphasis] .... DLT could be used over a closed (“permissioned”) network managed by the central bank. But there are other types of centralized settlement technology that may prove more efficient. This isn’t the first time banks have been proposed as centralized alternatives to decentralized blockchains. As Crypto Briefing has previously reported, several governments and central banks are in the process of engineering their own digital fiats. With the advantages that come with centralization—including greater levels of efficiency, control, and transaction reversibility—the crypto space can expect more competition from central banks. The author is invested in various digital assets. The post IMF Chair Christine Lagarde Teases Digital Currency at Fintech Festival appeared first on Crypto Briefing.

23 days ago

Final London Pillar Community Meetup of 2️⃣0️⃣1️⃣8️⃣ 📆 Frid...

Final London Pillar Community Meetup of 2️⃣0️⃣1️⃣8️⃣ 📆 Friday, 30 Nov @ 6:30 PM 👉 https://t.co/RVi1tLysfD Come t… https://t.co/l4daZTtVEM

25 days ago

IMF Urges Consideration of National Crypto: Harness Benefits, Manage Risks

Reaffirming an open stance to the versatile application of blockchain technologies and digital currencies, International Monetary Fund (IMF) Managing Director Christine Lagarde has furthered the discussion surrounding the prospect of central bank digital currencies (CBDCs). She said that they should be considered and urged further discussion about the potential roles of central banks. Speaking at the Singapore Fintech Festival on 14 November 2018, Lagarde opened up to the audience about the disruptive nature of technological change and said: “The key to is to harness the benefits while managing the risks”. Crypto-race In her speech, she noted three areas for her address: the evolving nature of money and fintech development, central bank roles in the new financial landscape, especially regarding CBDC, and an examination of downsides and steps toward mitigation. Noting the larger names in the space such as Bitcoin, Ethereum and Ripple, Lagarde believes that cryptocurrencies are seeking a firm position in the “cashless world” and are “constantly reinventing themselves” as they hope to seek more legitimate grounds through stable values, as well as cheaper and faster transaction settlements. CBDCs According to Lagarde, e-money providers consider themselves to be less risky than banks due to the fact that they do not lend money and that cryptocurrencies are seeking to “anchor trust in technology”. However, she remains skeptical and retains the belief that “proper regulations of these entities will remain a pillar of trust”. Lagarde published an article earlier this month (November 2018) that established the case for regulations that don’t stifle innovations, offering a balanced argument for and against cryptocurrencies. After revealing the latest IMF paper named ‘Casting Light on Central Bank Digital Currencies‘, one that covers the pros and cons of the concept, Lagarde said, “We should consider the possibility to issue digital currency. There may be a role for the state to supply money to the digital economy.” Key points Firstly, she argued that CBDCs may offer “great promise” in the area of financial inclusion; at their core, cryptocurrencies are capable of reaching any corner of the globe with a computer and an internet connection, thus providing rural areas populated with individuals and businesses with a robust financial tool. Efforts to connect unbanked rural areas to the national financial network are already underway in the Philippines. Secondly, she discusses digital currency in the context of security and consumer protections; suggesting that just as the introduction and subsequent dominance of cash (paper and coins) provided a low-cost and widely available solution, digital currencies can also do so. She said: “Regulation may not be able to fully redress these downsides. A digital currency could offer advantages, as a backup means of payment. And it could boost competition by offering a low-cost and efficient alternative — as did its grandfather, the old reliable paper note.” Lagarde sees digital currencies as having a third potential benefit which is privacy, though she also argues that banks would not be ready to offer a fully anonymous digital currency due to it creating a “bonanza for criminals”. Lastly, she lists three downsides to CBDCs: Financial integrity risks, financial stability, and risks to innovation, areas that have also been questioned by other institutions around the world including the Bank of England. Conclusively, Lagarde looks optimistically toward the future and “more fundamentally”, retaining an open mind to change. She said, “In the world of fintech, we need to harness change so it is fair, safe, efficient, and dynamic.” 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 IMF Urges Consideration of National Crypto: Harness Benefits, Manage Risks appeared first on BitcoinNews.com.

a month ago

IMF Head Makes Case for Central Bank Digital Currencies In Recent Speech

With contributing reporting from Jimmy Aki.Christine Lagarde, head of the International Monetary Fund (IMF), suggested a new course of action for central banks around the world: turn their fiat currencies digital.The IMF chair gave a speech at the Singapore Fintech Festival on November 14, 2018, titled “Winds of Change: The New Case for Digital Currency.” In it, Lagarde stated, “I believe we should consider the possibility to issue digital currency. There may be a role for the state to supply money to the digital economy.” She continued to laud the benefits of cryptocurrency payments, calling them "immediate, safe, cheap and potentially semi-autonomous" and saying that central banks should consider issuing digital assets so they can "retain a sure footing in payments.”Her speech comes two days after the IMF released a research paper that highlights many of the talking points Lagarde hits on. Titled "Casting Light on Central Bank Digital Currencies," it details some of the benefits a state may see if it decides to issue digital currencies, including financial inclusion, consumer protection and privacy in payments.State sponsored digital currencies is not a new idea. Lagarde herself pointed out that the central banking authorities of Canada, China, Sweden and Uruguay were already considering the notion. However, she urged central banks to support digital currencies as a premise of the future, stating such currencies “could satisfy public policy goals, such as (i) financial inclusion, and (ii) security and consumer protection; and to provide what the private sector cannot: (iii) privacy in payments.”It should be noted that the IMF Chair referred to cryptocurrencies throughout her speech. The Chair espoused a nuanced view of crypto that, while not wholly supportive, showed the advancements of the industry were part of the IMF’s new outlook. “For their part, cryptocurrencies seek to anchor trust in technology. So long as they are transparent — and if you are tech savvy — you might trust their services. Still, I am not entirely convinced,” Lagarde stated.For Lagarde, cryptocurrencies still require “[proper] regulation of these entities” so that they “will remain a pillar of trust.” While the IMF’s view at this time is clearly for digitization of fiat currencies by central banks rather than through cryptocurrencies (it put out a paper to that effect), Lagarde asked these fundamental questions of central banking authorities: “Should we go further? Beyond regulation, should the state remain an active player in the market for money? Should it fill the void left by the retreat of cash?” The positive aspects of Lagarde's speech is in contrast with the IMF's opposition to the Marshall Islands' plan to float a sovereign digital currency.Criticizing the island's decision, the IMF stated that it feared the island's currency could be used by crime syndicates or businesses running illegitimate operations. This article originally appeared on Bitcoin Magazine.

a month ago

🛠️ Now for something more technical - our own James with a p...

🛠️ Now for something more technical - our own James with a piece on Pillar #DevOps and creating a… https://t.co/KuHhbP1ErW

a month ago

📱 The Pillar Wallet is all about efficiency and ease-of-use....

📱 The Pillar Wallet is all about efficiency and ease-of-use. That's why having our own integrated Blockchain Explor… https://t.co/SVKOX4ArxF

a month ago

Daily Cryptocurrency News - 9th November 2018

Welcome to the daily news of 9th November 2018. Here are the most important headlines for today: Bitmain Layout 90,000 Mining Machines & More details about the future Bitcoin Cash Fork The battle of billionaires is starting. Apparently, Roger Ver and Craig Wright couldn’t decide on the future of Bitcoin Cash. Therefore, on November 15th - the BCH will split into two rival chains: Bitcoin Cash ABC - Roger Ver’s side and Bitcoin Cash SV - Created by Craig Wright. This comes as a results of Ver and Wright disagreeing over the BCH’s future.The feud caught the fans attention, and the drama started coming yesterday - when Ray [REDACTED] created a thread with everything you need to know about the future BCH fork. This ‘war’ between billionaires is mostly childish - with each other throwing insults at each other. But Bitmain’s preparing for that war by deploying 90,000 S9 mining machines in Xinjiang. Wu Jihan is one of the latest self-made billionaire thanks to Bitcoin mining. This could have been one of the facts that brought a decrease in the Bitcoin price, as BCH lost around $2 Billions since their top value in November - funds that probably were exchanged directly to USD by BCH investors. These news weren’t appreciated by the traders - as after a 45.91% increase from November 2nd to November 7th, the BCH/USD pair dropped more than 4.8% percent. For more details, you may check the /r/bitcoincash subreddit as well as Cointelegraph’s article. Binance to Create a Research Wing for ‘Institutional-Grade’ Research Reports While others fight for power, Binance is pursuing forward into being the #1 entity in the blockchain & cryptocurrency space by launching a new division of Binance. Binance Research is a service that will create institutional-grade research reports with the main purpose of increasing the transparency & improve the quality of information in the cryptocurrency space. The Binance Research was launched one day ago and may be the pillar that cryptocurrency need for institutional investors to come along. The division already published two reports about LOOM Network (LOOM) and Gochain (GO). This is one of the best initiatives we’ve seen in the crypto space in a long time. The research done by their team is a comprehensive one with details about a cryptocurrency along with its purpose, team, trading data and many others. The future report will be one about Pundi X. We believe this service is among the best ones in the crypto space. With a service like this, people could avoid investing into cryptocurrencies with potential but with a poor team - such as Oyster (PRL). To keep in touch with their latest reports, you may check the Binance Research Twitter. BitTube Could Be The Bridge Between Crypto & FIAT - A user-friendly service According to a post created by Kamillenteo on /r/cryptocurrency, BitTube will have a service that could allow people to purchase cryptocurrency with Paypal. The main issue here from what we’ve understand is that you cannot buy BTC/ETH directly, but only TUBE - that you can use using Bit Tube’s Airtime extension ( More details about that on Youtube). BitTube doesn’t operate this on their own. So the chances of that service to be shut down are few to none. Their main partner is WireCards, which also have a partnership with Paypal, allowing users to buy TUBE tokens using PayPal for a 1-1.5% fee. Of course, the service doesn’t have an ulimited amount of crypto that you can purchase. The maximum that you can do it for now is 100 Euro. However, that’s not what BitTube was created for. BitTube wants to reward content creators in a new way - but a bit similar to Brave Browser’s idea. According to them, you can reward your favorite content creators from any website in the same way that Twitch works - or even with a direct donation. More details on BitTube’s Medium 93% of UK Residents Heard About Bitcoin, only 4% Bought it According to a study created by YouGov, 9 out of 10 Brits have heard about Bitcoin. From those, 4% declared that they understand Bitcoin ‘very well’, 23% stated they know it ‘fairly well’ - while the most % was on ‘Not very well’ or ‘Not at all well’. And the statistics also show that most of the people ‘ know someone that bought bitcoin’ while they personally chose not to invest in something like this. And most of the people that bought Bitcoin are the young aged ones, between 18 to 34 years old. We recommend you to read the full document here. Unfortunately, we don’t know how many people participated in this questionnaire to see how accurate are the details. What can we learn from this? The percentage of people that declared they know bitcoin ‘very well’ is equal to the percentage of people that bought it. Therefore, most of the Brits have problems understanding Bitcoin and his use case. According to the questionnaire, most of the Brits don’t believe in a cryptocurrency controlled by the people using it. This can be for a variety of reasons such as : They didn’t unde

a month ago

The Daily: Binance Launches Analysis Division, Cobinhood Adds 4 Stablecoins

In this edition of The Daily, we cover the launch of Binance Research, a new analysis division that will produce in-depth reports for customers of the leading cryptocurrency trading platform. We also look at Cobinhood’s decision to add several stablecoins to its platform and the reasoning behind the move. In addition, we focus on SWIFT’s denial of rumors that it has partnered with Ripple, as well as a plot of virtual land that was sold on Decentraland for a record amount of money. Also read: Security Experts Rank Exchanges by Safety, Malta Dominates Trade Binance Research Starts With Two Reports Binance, currently the largest digital asset exchange in terms of daily trading volume, has launched a new analysis division. Binance Research will focus on creating institutional-grade research reports, the trading platform said in an announcement on its website. Binance has referred to the service as a new pillar of its ecosystem and claims it’s going to bring more transparency, while also improving the quality of information that’s available in the cryptocurrency space. Binance Research has already produced two detailed reports. The first one is ­devoted to Loom Network, a solution for Ethereum that allows for scalable user-facing dapps and games. The second report covers Gochain, a scalable and decentralized blockchain that supports smart contracts and distributed applications. The research division’s next report will be about Pundi X, a company that has built a platform enabling cryptocurrency payments through POS terminals. This past summer, the cryptocurrency exchange also launched an educational portal called Binance Academy. The platform was announced as an open-access learning hub supported by the team of the company. Binance was established in China last year and has since expanded globally to become the leading trading platform in the crypto space. Cobinhood Announces Support for Stablecoins Cobinhood, a platform that exchanges cryptocurrencies without trading fees, has announced that it’s adding four stablecoins to its offerings. Starting Nov. 9, users will be able to trade gemini dollar (GUSD), makerdao (DAI), the paxos standard token (PAX) and trueusd (TUSD). In a press release, Cobinhood explained its decision to list the coins. It noted that each one of them has unique features, but said all of them are designed to ensure greater market stability, as regular cryptocurrencies can be particularly volatile. The Taiwanese company also explained that the newly added tokens will be available on its platform for deposits, withdrawals and trading. “We are increasing the presence of stablecoins on the Cobinhood exchange so the community understands that their voices have been heard and stability is being made possible,” said Wei-Ning Huang, co-founder of Cobinhood. “Our mission is to make the space more approachable for anyone who wants to participate.” SWIFT Denies Rumors of Partnership With Ripple SWIFT, the international consortium that operates a worldwide network enabling banks to transmit messages and financial transactions, has denied recent rumors about the integration of Ripplenet technologies as part of its next system upgrade. A spokesperson for SWIFT told Finance Magnates the changes had nothing to do with Ripple. The upcoming upgrade involves an add-on to SWIFT’s global payments innovation (GPI) system. The standard was introduced in January of last year in order to increase the operating speed of the payment network, which has been used in correspondent banking for decades. The upgrade was announced this past spring and is scheduled to be implemented on Nov. 18. Plot of Virtual Land Sold for $215,000 An investor recently purchased a 126-parcel plot of land on Decentraland for 2.7 million mana, the virtual reality platform’s native token. The acquisition, valued at roughly $215,000, sets a new record for Decentraland, which is owned by its users. The estate was purchased via the platform’s marketplace. It allows users to trade “LAND parcels,” which represent non-fungible digital assets maintained through a smart contract on the Ethereum network. The virtual reality project recently launched a new version of Agora, a platform that allows holders of mana tokens to vote on important matters. One of the first questions they are being asked concerns the time frame for the next land auction, when 9,000 unowned parcels of land will be made available to the community. What are your thoughts on today’s news tidbits? Tell us in the comments section. Images courtesy of Shutterstock. Make sure you do not miss any important Bitcoin-related news! Follow our news feed any which way you prefer; via Twitter, Facebook, Telegram, RSS or email (scroll down to the bottom of this page to subscribe). We’ve got daily, weekly and quarterly summaries in newsletter form. Bitcoin never sleeps. Neither do we. The post The Daily: Binance Launches Analysis Division, Cobinhood Adds 4 Stablecoins appeared first on Bitcoin

a month ago

Infineon and Xain Come Together for Joint R&D in Blockchain Nodes for Vehicle Microcontrollers

Munich-based semiconductor manufacturer Infineon Technologies recently signed a Memorandum of Understanding with Berlin-based intelligent systems creator XAIN to work jointly on the research and development of blockchain nodes for vehicle manufacturers. The MoU was signed during the first Infineon Automotive Cybersecurity Forum in Munich. The agreement will help the manufacturer get access to the intelligent systems created by XAIN. Security and Intelligence Meet Blockchain The two companies will develop and test automotive applications jointly. They will focus largely on Infineon’s hardware technology and XAIN’s cybersecurity and AI technology. The solutions that the partners bring to market will be helpful in meeting the privacy and resiliency needs of connected vehicles. The partnership could facilitate flexible car sharing. When using key blockchain principles and connecting them to the XAIN’s access delegation framework, the new systems could automate payment transactions, allow in-trunk delivery, telematics insurance policies and keyless vehicle access as well. Users will be able to grant access rights to specific parts of their data or function. These rights will be managed on a secure blockchain network where AI algorithms learn from one another instead of storing data centrally and compromising the privacy of the user. XAIN’s eXpandable AI network will be at work here. Combining Hardware and Software Tech Talking about the need for better security in modern systems, Peter Schiefer, president of Infineon’s Automotive Division said: “Cybersecurity is a key pillar of the data-driven future of mobility. Blockchain technology offers great potential in that regard. Built into vehicles will play a big part in helping to create more secure systems; this inherently presupposes a tight-knit and well-executed integration of software and hardware components. This is what we would like to advance together with XAIN.” With the help of XAIN’s AI mechanisms, drivers can be recognized in the car. This function will be enabled by the AURIX microcontrollers that will automatically identify vehicle owners or authorized users and provide them access to functions of the vehicle. AURIX’s second-generation microcontrollers come with a hardware security module (HSM) that will provide secure digital key storage to users. Founder and CEO of XAIN AG, Leif-Nissen Lundbæk, talked about the new hybrid client structure developed by the company which could be used in resource-constrained devices. He said: “We want to make vehicles fully-fledged participants of a distributed network. This is important for offline and real-time capability. It also provides a high level of privacy protection when using AI technologies.” Infineon and Xain Come Together for Joint R&D in Blockchain Nodes for Vehicle Microcontrollers was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

a month ago

Pillar team is present at the @ForumChallenge - tomorrow Dav...

Pillar team is present at the @ForumChallenge - tomorrow David will present his #Tokenomics taxonomy and take part… https://t.co/ty12Ys375g

a month ago

Blockchain Nodes for Vehicle Microcontrollers: Infineon and XAIN Announce a Joint Research & Development Initiative

Infineon Technologies and XAIN will work together on the implementation of blockchain technology for the automotive sector. The Munich-based semiconductor manufacturer and the Berlin start-up signed a Memorandum of Understanding at the first Infineon Automotive Cybersecurity Forum in Munich, thus moving closer to integrate XAIN technology directly into Infineon microcontrollers. Together, the companies embark to jointly develop, test, and bring to market Automotive applications that benefit from XAIN’s AI and Cybersecurity Technology and Infineon’s Hardware Technology to meet privacy and resiliency needs in connected vehicles. Flexible car sharing When applying key blockchain principles in the automotive industry and combining them with an access delegation framework such as the one proposed by XAIN, unprecedented functionalities can be achieved. These include: automated payment transactions, keyless vehicle access, flexible car sharing, in-trunk delivery, telematic insurance policies. In essence, these services become enabled by giving users the ability to flexibly grant access rights to specific parts of their machine data or function. Combining AI and Blockchain XAIN is taking things one step further by combining AI and the delegation of access rights via a blockchain network. Here, decisions about access rights to vehicle functions can be made by AI algorithms without having to store private data centrally; in fact, through the eXpandable AI Network, local AI algorithms are able to learn from one another without compromising user privacy. “Cybersecurity is a key pillar of the data-driven future of mobility. Blockchain technology offers great potential in that regard. Built into vehicles will play a big part in helping to create more secure systems; this inherently presupposes a tight-knit and well-executed integration of software and hardware components. This is what we would like to advance together with XAIN,” said Peter Schiefer, President of Infineon’s Automotive Division. AI allows drivers to be recognized in the car and Infineon’s AURIX microcontrollers to automatically identify vehicle owners or authorized users and provide them with access to specific functions inside of the vehicle. Blockchain technology enables the secure allocation of access rights for the AI and the microcontroller as well as to check the correct execution. A hardware security module (HSM) available in all AURIX second-generation microcontrollers provides secure digital key storage that serves to identify the vehicle on a blockchain network, and can perform operations (e.g., hashing or digital signing) quickly and securely. New hybrid client structure Creating new data blocks in the blockchain is still a challenge for traditional microprocessors, such as those used in devices which control vehicles. However, XAIN has developed a new hybrid client structure, which is particularly well-suited to resource-constrained devices such as microcontrollers in automobiles. “We want to make vehicles fully-fledged participants of a distributed network. This is important for offline and real-time capability. It also provides a high level of privacy protection when using AI technologies. By working with Infineon, we want to further advance the application of XAIN AI technologies in the vehicle,” says Leif-Nissen Lundbæk, CEO and founder of XAIN AG. With the joint Infineon and XAIN solution, access rights to vehicle functions can be delegated in a remote manner via a smartphone app over the blockchain network. This technical approach could enable car sharing without a platform or back office, in which each participant could spontaneously choose to share their car with others whilst at the same time retaining full control over user permissions. About XAIN (eXpandable Artificial Intelligence Network), began as a University of Oxford research project in 2014. Three years later the company was incorporated in Berlin in February 2017. XAIN creates intelligent systems for the sharing of data, resources, and knowledge, that offer a universal, user-centric access control protocol. In May 2018, XAIN received 6 Million Euros in seed funding. Infineon Technologies AG is a leading global provider of semiconductor solutions. With around 37,500 employees worldwide, the company generated sales of around € 7.1 billion in the 2017 financial year. Infineon is listed in Frankfurt under the symbol “IFX” and in the US in the over-the-counter market OTCQX International Premier under the symbol “IFNNY”. Image: Pixabay The post Blockchain Nodes for Vehicle Microcontrollers: Infineon and XAIN Announce a Joint Research & Development Initiative appeared first on NewsBTC.

a month ago

Infineon and XAIN Implement Blockchain Technology for the Automotive Sector

Infineon Technologies and XAIN will work together on the implementation of blockchain technology for the automotive sector. The Munich-based semiconductor manufacturer and the Berlin start-up signed a Memorandum of Understanding at the first Infineon Automotive Cybersecurity Forum in Munich, thus moving closer to integrate XAIN technology directly into Infineon microcontrollers. Together, the companies embark to jointly develop, test, and bring to market Automotive applications that benefit from XAIN’s AI and Cybersecurity Technology and Infineon’s Hardware Technology to meet privacy and resiliency needs in connected vehicles. Flexible car sharing When applying key blockchain principles in the automotive industry and combining them with an access delegation framework such as the one proposed by XAIN, unprecedented functionalities can be achieved. These include: automated payment transactions, keyless vehicle access, flexible car sharing, in-trunk delivery, telematic insurance policies. In essence, these services become enabled by giving users the ability to flexibly grant access rights to specific parts of their machine data or function. Combining AI and Blockchain XAIN is taking things one step further by combining AI and the delegation of access rights via a blockchain network. Here, decisions about access rights to vehicle functions can be made by AI algorithms without having to store private data centrally; in fact, through the eXpandable AI Network, local AI algorithms are able to learn from one another without compromising user privacy. “Cybersecurity is a key pillar of the data-driven future of mobility. Blockchain technology offers great potential in that regard. Built into vehicles will play a big part in helping to create more secure systems; this inherently presupposes a tight-knit and well-executed integration of software and hardware components. This is what we would like to advance together with XAIN,” said Peter Schiefer, President of Infineon’s Automotive Division. AI allows drivers to be recognized in the car and Infineon’s AURIX microcontrollers to automatically identify vehicle owners or authorized users and provide them with access to specific functions inside of the vehicle. Blockchain technology enables the secure allocation of access rights for the AI and the microcontroller as well as to check the correct execution. A hardware security module (HSM) available in all AURIX second-generation microcontrollers provides secure digital key storage that serves to identify the vehicle in a blockchain network, and can perform operations (e.g., hashing or digital signing) quickly and securely. New hybrid client structure Creating new data blocks in the blockchain is still a challenge for traditional microprocessors, such as those used in devices which control vehicles. However, XAIN has developed a new hybrid client structure, which is particularly well-suited to resource constrained devices such as microcontrollers in automobiles. “We want to make vehicles fully-fledged participants of a distributed network. This is important for offline and real-time capability. It also provides a high level of privacy protection when using AI technologies. By working with Infineon, we want to further advance the application of XAIN AI technologies in the vehicle,” says Leif-Nissen Lundbæk, CEO and founder of XAIN AG. With the joint Infineon and XAIN solution, access rights to vehicle functions can be delegated in a remote manner via a smartphone app via blockchain network. This technical approach could enable car sharing without a platform or back office, in which each participant could spontaneously choose to share their car with others whilst at the same time retaining full control over user permissions. The post Infineon and XAIN Implement Blockchain Technology for the Automotive Sector appeared first on Bitcoinist.com.

a month ago

How A Video Game Could Improve EOS Developers

The main architect behind the EOS.IO platform, Block.One has revealed a new video game in the aim that it will increase the number of EOS developers actively working on the network? The game is called Elemental Battles and is designed to make the EOS.IO coding process easier to understand. Aimed at developers familiar with Javascript and C++. Users will be able to have a go at the game and use the tutorial and toolkit to create their own version. The game takes on a fantasy theme like a card game. In the game, users will try and beat an AI opponent. Users can choose cards based on an element (hence the name) either fire, water, the earth of electricity as well as their point value. Then, when the user’s score goes to zero the game is over. The tutorial for the game has different stages for developers to learn each of the steps needed to build a decentralised app on EOS.IO. This includes a run through on how to programme an EOS smart contract, game logic validation and a general guide to programming artificial intelligence code. The plan is that it will enable developers to understand the game which can be created using EOS.IO software. This enables the prospective EOS developers to understand the rudimentary methods of dApp development. Block.One said that it forms part of a new idea in order to increase the programming community on the network. In a statement, Block.One said: “Since the release of EOS.IO in June, Block.one has turned its focus to driving mass adoption of blockchain technology. A key pillar in that mission is to simplify the developer experience and create toolkits to make blockchain development more familiar to programmers from other disciplines.” The founder and organiser of EOS London, Angus Maidmead spoke to CryptoBriefing on the matter to speak about the game and said: “It’s a brilliant strategic move by Block.One to make it as easy and fun as possible to learn EOSIO smart contract programming”, he said. “Everyone in the blockchain space is talking about adoption right now - adoption needs users, users need dApps, and dApps need developers.” EOS.IO is a smart contract-reader blockchain which allows users to create and use dApps. Founded little over a year ago, the original model was intended to be a platform based on the Ethereum network. According to CrytpoBriefing, EOS actually stands for Ethereum Operating System. But now the project has moved onto its own independent blockchain in early June this year. What are your thoughts? Let us know what you think down below! googletag.cmd.push(function() { googletag.display('div-gpt-ad-1538128067916-0'); }); The post How A Video Game Could Improve EOS Developers appeared first on Crypto Daily™.

2 months ago

Algorand Announces Securing $62 Million in Equity Investment and the Appointment of Senior Executives

Algorand, a Boston-based startup founded by Silvio Micali, a Turing award winner, and cryptographer, has reportedly secured $62 million in equity investment and complimented the funding with the appointment of the executive team. Steve Kokinos, co-founder and Chairman at Fuze, has been appointed as the CEO while Sean Ford, co-founder of uPromise and former CMO of LogMeIn assumes the role of COO. The combination of the executive team’s impressive background in technology and the $62-million funding are expected to “help launch the revolutionary blockchain protocol” and ensure its future success. Algorand - the Next Generation Blockchain Algorand, which is touted as the next generation blockchain, has made bold statements of intent by claiming that it can address blockchain’s trilemma - scalability, security, and decentralization. Albert Wenger, managing partner at Union Square Ventures, said: “At USV we believe that foundational innovation is required to deliver on the promise of blockchain technology. Algorand is building a crucial part of that with their novel consensus algorithm that solves for security, decentralization, and scalability.” Micali, the founder of Algorand and a Professor of Computer Science at MIT said that they spend several years developing a “business-ready protocol for a truly global and decentralized economy.” Algorand is a blockchain for business, permissionless, scalable, and pure proof of stake blockchain protocol. Jamie Goldstein, a founding partner at Pillar Venture Capital said that Micali is an award-winning cryptographer who is surrounded by great minds in science and business. He thinks that the latest additions in the executive team have “deep expertise in building enterprise companies at scale.” As blockchain startups continue to raise capital to fund their projects, it is clear that the new industry is taking shape and winning the hearts (and money) of investors, which will go a long way in strengthening the industry that has so much potential. Algorand Announces Securing $62 Million in Equity Investment and the Appointment of Senior Executives was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2 months ago

Can Fantasy Games Create EOS Developers? Block.One Thinks So

Block.One, the chief architect behind the EOS.IO platform, has released a new game which it hopes will increase the number of EOS developers actively working on the network.. Known as ‘Elemental Battles‘, the game is designed to simplify the EOS.IO coding process. Aimed at developers familiar with C++ and Javascript, users can first try out the game and use the tutorial and toolkit to create their own version. The game’s tutorial includes different stages for developers to learn each of the steps needed to build a dApp on EOS.IO. This includes a run through on how to programme an EOS smart contract, game logic validation, as well as a basic guide to programming artificial intelligence (AI) code. The idea is that it will enable developers to understand how a game, albeit a simple one, can be created using EOS.IO software. It enables prospective EOS developers to learn the rudimentary process of dApp building. Block.One said it forms part of a new strategy to increase the network’s programming community. Increasing the number of developers capable of building dApps will, they hope, “pave the way” for mass adoption for the platform. “Since the release of EOSIO in June, Block.one has turned its focus to driving mass adoption of blockchain technology”, Block.One said in a statement. “A key pillar in that mission is to simplify the developer experience and create toolkits to make blockchain development more familiar to programmers from other disciplines.” Angus Maidmead, the founder and organizer of EOS London, told Crypto Briefing that he thought Elemental Battles would have a significant role in increasing development on the EOSIO ecosystem. “It’s a brilliant strategic move by Block.One to make it as easy and fun as possible to learn EOSIO smart contract programming”, he said. “Everyone in the blockchain space is talking about adoption right now - adoption needs users, users need dApps, and dApps need developers.” The game itself is a fantasy-themed card game, where users try to beat an AI opponent. Users can choose cards based on the element - earth, electricity, fire or water - as well as their point value. The game ends when one of the player’s scores goes to zero. EOS.IO EOS.IO is a smart contract-ready blockchain that allows users to create and use dApps. Founded in 2017, the original model was to be a platform based on the Ethereum (ETH) network; EOS actually stands for ‘Ethereum Operating System’. The project moved to its own independent blockchain in early June. One of the key advantages of EOS is it’s more scalable than some of its rivals. It uses a delegated proof of stake (dPoS) system; the 21 largest token holders, or ‘block producers’, validate all of the transactions on the network. They are then reimbursed with tokens taken as transaction fees, which helps to disincentivize foul play. The year-long ICO for the EOS tokens is still the largest, and longest, on record. The project managed to raise $4bn between June 2017 and 2018. Block.One received a lot of criticism during the mainnet launch. The initial release was pushed back by over a week and hackers managed to send thousands of phishing emails out to users from the official email account. Will Elemental Battles attract more EOS developers? The betting dApp EOSBet was subject to another hack earlier this week. Hackers managed to exploit a security loophole in the codebase that enabled them to siphon a total of $338,000 from the dApp wallet. This will be the second time EOSBet has been hacked in the past two months. A blockchain can only grow if it has enough developers. They build the dApps and the infrastructure that ultimately attracts users onto the platform. Block.One is aware of this. Elemental Battles will prove a new inroad to entice programmers onto EOS.IO and hopefully give them the training needed to create quality features for the network. After all, it’s elementary... The author is invested in ETH, which is mentioned in this article. The post Can Fantasy Games Create EOS Developers? Block.One Thinks So appeared first on Crypto Briefing.

2 months ago

💎 @PullNews is here to update you about the Exchange, the Pi...

💎 @PullNews is here to update you about the Exchange, the Pillar Token, and KYC on the #PillarWallet! Check it ou… https://t.co/vdDqXpbt44

2 months ago

New Kids On The Blockchain

With over 11k subscribers on YouTube, the New Kids On The Blockchain are an award-winning team of documentary makers with a thirst for cryptocurrency and blockchain. Starting the channel in 2017 in order to produce a feature-length documentary on the rise (and possible fall) of the ICO. The Kids have travelled the world extensively working with key players and opinion leaders in the space. They have also been following a number of important projects, such as The Pillar Project, throughout the whole stage of their creation, ICO and development, to get the ‘inside story’ on this fascinating world. Some of the people filmed include Roger Ver, Clif High, Ryan Taylor (CEO DASH), Jeff Berwick (The Dollar Vigilante), JSNIP4, Bix Weir, Crypt0, Reggie Middleton and many more and worked with projects such as: Dash, Elastos, EOS, Debitum, Pillar, Veritaseum, PIVX, Cloak, Funfair, Polymath, Oracle, IBM, Ledger, Abra and ICO Alert, to name but a few. The New Kids do quick rundown videos several times a week on the most significant news that comes out of the industry. The rundown videos are around 1-3 minutes long so it’s a good way to keep up to date with what’s going on without eating up to much of your time. Key media partners for a number of blockchain events worldwide they started their channel about 18 months ago to bring quality, informative and intelligent content around blockchain and cryptocurrency as opposed to the usual Moon-Lambo nonsense and host a daily show, weekly show and a wealth of other informative content. As the only ‘Crypto Couple’ in blockchain communication, they also offer a unique viewpoint and well-rounded opinion from different perspectives of the industry. ash@newkidsontheblockchain.com lisa@newkidsontheblockchain.com YouTube.com/c/newkidsontheblockchain www.newkidsontheblockchain.com So head over to YouTube now and subscribe to the New Kids On The Blockchain to keep up to date with everything to do with the crypto space! googletag.cmd.push(function() { googletag.display('div-gpt-ad-1538128067916-0'); }); The post New Kids On The Blockchain appeared first on Crypto Daily™.

2 months ago

Can Gold kill Crypto Volatility and bring Stability to the Markets?

Anyone who knows anything about cryptocurrency will tell you that it is extremely volatile in value. You do not have to be an expert or even really involved in the space to see that the prices have been on a rollercoaster ride from the start. Many investors and especially those who are heavily in favor of mass adoption and the everyday use of cryptocurrency want to see this volatility dissipate and citizens of countries facing financial crisis and inflation are desperate for cryptocurrency to stabilize and help them rebuild their respective economies. Countries like Venezuela and Turkey are examples of places where the national currency is heavily sinking are in a need of stable ways to store their savings and purchase goods and services they need on a daily basis. Gold has always been a pillar of stability for investors. In times of economic recession, gold is relied upon to be a steady and secure store of value, but it is also not best used as a currency because it is does not have the level of liquidity that a currency that the dollar has and is often traded for different values on the street from commodities dealers. A gold backed stable coin could be the exact formula for stability that is so desperately needed in many countries around the world. Gold can act as the stabilizing force behind the new blockchain technology that will allow cryptocurrencies to provide the urgently needed stability to go along with its important use cases and abilities. In the UK, The Royal Mint jumped into the crypto game when they decided to issue a gold backed cryptocurrency called RMG. Gold is an obvious link to taking volatility out of the equation, but startups are experimenting with other precious metal backed cryptocurrencies as well and the movement is spreading to the point where we are witnessing the tokenization of all kinds of precious natural resources. The Swiss company Open Mineral announced their plans to develop a blockchain system for trading minerals, and they believe it will simplify their entire process. Precious metals and other valuable natural resources can engage in a symbiotic relationship with the cryptocurrency sector and they provide each other with their respective benefits. The post Can Gold kill Crypto Volatility and bring Stability to the Markets? appeared first on ZyCrypto.

2 months ago

The 10 best Quartz at Work stories about managing your career

The traditional straight line to the top is fast disappearing. Professional paths are twisty now, influenced by changes in lifestyles, technology, and our definitions of success. Given increasing lifespans, careers will probably start to get longer, with more ebbing and flowing to accommodate fluxes in health or in family responsibilities. Whether you’re searching for new ways to network, needing advice about job interviews, looking for original tips on moving up, or wondering whether it’s time to move on, Quartz at Work has you covered. Our obsession with “careering,” as we’ve dubbed it, has been a pillar of our coverage since our launch in October 2017. Here, in celebration of our first anniversary, we present 10 of our favorite stories about the art of managing a career. 1. The 20 most interesting business school classes in the world, with links to their syllabi Each year, the Aspen Institute think tank honors professors who “bring to life the promise of meaningful work in business.” We’ve compiled the list of this year’s winners with links to their syllabi so that you can see the key topics and required reading for their courses. It’s useful stuff if you never went to business school, or if your MBA skills could use some updated context. 2. The resume of the future will tell employers who you are, and not just what you’ve done The rigid format of resumes make them terribly flawed proxies for human beings. Quartz’s Oliver Staley delves into the fascinating history of resume-writing, peers around the corner at what might replace it, and talks to HR experts and hiring managers about the ways in which they’re already working around the limitations of resumes. 3. Unsure who to accept or reject on LinkedIn? Consult this flowchart There’s a human relationship behind every LinkedIn request (or at least there should be), which is why it’s so hard sometimes to figure out which connections to make and which to ignore. Networking expert Kelly Hoey helped us create an easy-to-use flowchart for deciding when to accept requests, when to reject them, and when it’s time to block someone. 4. Switching careers sounds sexy, but don’t forget to read the fine print Social media is awash with stories of white-collar workers decamping from their office towers to open bakeries, work in bike shops, or try out farming. But before you follow the career-switching trend, it’s important to acknowledge realities you generally won’t find in the Instagram comments. “Switching careers can be rewarding, but it takes hundreds of unsexy steps before you create anything worth sharing,” notes Quartz at Work writer Simone Soltzoff, who shares what he learned from his own experience making the leap. 5. We’re just starting to grasp how campus rape steals women’s careers before they start Campus rape is often framed in terms of the legal questions or social concerns it raises. It’s almost never discussed in terms of the potential lost when a young woman’s education or career is derailed by it. But Quartz at Work’s Lila MacLellan saw the undeniable connection and investigated it, speaking with rape survivors, educators, and advocates about this little-recognized cost of sexual crimes. The result of her reporting is essential reading for a post-#MeToo world. 6. How to find meaningful mentorship without asking anyone to mentor you What if mentorship isn’t just what you get from a one-on-one relationship with a wise soul whom you’ve been paired with by fate or by a company matching program? What if instead it were an aggregation of moments, ideas, and insights collected over time from a variety of people? The mentoring of Quartz at Work’s Leah Fessler has mainly taken the latter path. In this story, she shares the Post-it notes and digital “Stickies” she keeps at her desk to show how she’s cataloged and continued to draw on the inspiration and wisdom of others. 7. The terrible job advice parents give to their millennial kids Mom and dad don’t always know best. A lot has changed since they were starting out in their careers, and the norms they grew up with don’t always apply now. Quartz at Work senior writer Corinne Purtill talked to Alison Green, author of the popular Ask a Manager blog, about what kinds of job and career advice young adults can safely ignore. (Further reading: As for what parents should be telling their children instead, consider the very serious advice of comedian Seth Meyers.) 8. How to ace your chatbot interview If it hasn’t already happened to you, get ready—chatbots are now screening job candidates in a variety of fields. It’s definitely not the same as talking to a human recruiter, but you shouldn’t treat it like you’re texting with a friend, either. Best to learn the etiquette now. (Further reading: While you’re at it, why not also brush up on your old-fashion phone-interview skills, since chances are you’ll still be interfacing with people for the foreseeable future.) 9. Powerful women told me getting a dog is the key to su

2 months ago

Coinbase Confident of Receiving FSA Approval, Intends to Set Security Standards in Japan

San Francisco-based cryptocurrency exchange Coinbase aims to set a new security standard in Japan, and is more confident than ever that it will receive approval from Japan’s Financial Services Agency (FSA) to operate an exchange in the region. Coinbase Optimistic About Expansion into Japanese Market On June 4, the most valuable cryptocurrency exchange in the U.S., Coinbase, announced its plans to expand its offerings and services into the lucrative Japanese market. However, before Coinbase can operate in the region, it must first have its registration approved by Japan’s FSA. In an interview published by Japanese financial newspaper Nikkei Asian Review, Mike Lempres, Coinbase’s chief policy officer, provided an update on the firm’s progress in dealing with the FSA, claiming that the discussions are “going well” and believes that the company will “certainly” receive approval “in 2019.” Coinbase Welcomes Increased Scrutiny Under Japan’s Chief Regulator “The Japanese government is more focused on security,” Lempres said, in reference to how the FSA has responded to a string of hacks that battered cryptocurrency exchanges in the region throughout 2018, leaving investors scores and the FSA scrambling to implement better security measures across the board. The FSA increased its scrutiny over cryptocurrency exchanges operating in the country after Coincheck was hacked for nearly $500 million in cryptocurrency tokens. Since then, the FSA has issued a number of business improvement orders to exchanges, suspended others, and implemented a more stringent licensing process. As of September, Reuters was reporting that over 160 registration applications were in the FSA’s review queue, forcing the country’s chief regulator to hire an additional 12 people for fiscal year 2019, in order to keep up with the growing demand. Lempres said that the FSA’s greater focus on security is “good” for Coinbase and affords them an edge compared to their competition. He also expects Japan to bounce back from the recent hacks plaguing exchanges and investors. “Japan has been an active large market from the very beginning, and has proved resilient as it bounces back from several bad experiences,” Lempres explained. Coinbase to Set Security Standards in the Region Coinbase hopes to become the pillar of security and safety in Japan. As part of Coinbase’s discussions with the FSA, the firm boasts of its security standards put in place to protect investors. Lempres claims that Coinbase has “dozens” of employees dedicated to security, and that only 1% of assets are stored in fully insured hot wallets, the remaining 99% of funds are stored offline using a unique and complicated process. Lempress believes there is a “great demand” for trusted service providers in Japan, and hopes that Coinbase will satiate that need after the FSA approves its application. Featured image from Shutterstock. The post Coinbase Confident of Receiving FSA Approval, Intends to Set Security Standards in Japan appeared first on NewsBTC.

2 months ago

Five Years After The Silk Road, Things Are Worse

Five years after the closure of the Silk Road, bitcoin has changed dramatically. No longer does society see it as an underground currency used by addicts, dealers and pornographers. Today it is the third pillar of futurism alongside Virtual Reality and Artificial Intelligence. Not only is it the digital cash that will power the online The post Five Years After The Silk Road, Things Are Worse appeared first on Coinjournal....

2 months ago

Bytecoin and Amazon

I've seen that Bytecoin has continuous partnerships planned for this year and Amazon might seem far fetched. However recent activity with amazon makes it seem like they are trying to enter into the cryptocurrency world, looking at the last month or so. Especially now with the new year, I think Bytecoin devs should try to show there faces, make themselves known. Amazon could potentially be the partnership of a lifetime, and especially because Bytecoin offers something different than many of the other currencies out there currently, it could stand out. Taking into account that Bytecoin is one of the older currencies and have been in the market much longer. Jenny or any other devs if your reading, do you think it would be possible to even try to contact them? Let them know you have something to offer. I'm no expert on implementation in the slightest, but I could see amazon using a currency like Bytecoin for their massive online markets. Especially with coming updates that are planned with wallets and addition of updated blockchain tech I can see this as a possibility. Looking at the roadmap for the coming year as an outsider, I see an opportunity, as difficult and competitive as it might be, but it would be worth a shot to make yourself known. A partnership like that would only mean a melding of dev ideas and skills that would only make the coin better. And especially now with such a huge increase of interest in cryptocurrency, Bytecoin should be more aggressive on its presence. From my perspective I couldn't see a more crucial time to have people know Bytecoin, even more so with so many new investors. I'd like to see you guys be a pillar of currencies like bitcoin, lite coin, and etherium have somewhat become. Anyone else, let me know your thoughts if this sounds like something that has a chance of happening, or if any of you see doors that could open for an opportunity....

a year ago


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