Santiment Network Token SAN

$0.4581
Market Cap $ 28.706 MM (#160)
24h Volume $ 300.269 K
Chg. 24h: 0.82%
Algo. score 3.5/5  (#177)
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Santiment Network Token News

Rent the Runway and WeWork’s deal encourages you to wear rented clothes at your rented desk

Imagine this: You, a working American woman, wake up in the morning and get dressed for work, not in clothes you own, but in ones you rent. In fact, they just arrived last night, sent to you by Rent the Runway thanks to your “Unlimited” membership, which lets you borrow an ongoing rotation of different styles. You head out to your office, which isn’t really your office, since you’re probably a freelancer or work remotely, but a coworking space you rent from WeWork. When you get to the WeWork space, you stop in the lobby to drop off some other clothes that you wore earlier in the week in a box Rent the Runway has installed there specifically for that purpose. Drop it. The scenario will be a real option at 15 WeWork locations in six cities—New York, San Francisco, Los Angeles, Chicago, Washington DC, and Miami—where Rent the Runway is installing clothing drop-off boxes. It’s the first step in a broader partnership that the companies announced today (Oct. 18). They haven’t specified what else the partnership might entail, except to say it’s intended to help meet the needs of modern working women, a customer base both have been trying to win over. Rent the Runway began as a way for women to rent fancy dresses and clothes for special occasions. It has since broadened its ambition to become the everyday closet of American women—a “closet in the cloud,” in the company’s parlance—and points out that 90% of its subscribers are working professionals. Its “Unlimited” plan, which launched in 2016 and now comes in two price tiers, has been growing 150% year-over-year, according to the company, and now makes up more than half of its revenue. To meet its customer demand, Rent the Runway says it has increased its assortment of work clothes by 250% this fall. WeWork, meanwhile, has made its own efforts to appeal to women. Last year, for example, it invested in The Wing, a women’s only co-working space and social club “whose mission to ‘create space for women to advance their pursuits and build community’ closely aligns with our own,” WeWork said in a 2017 year-in-review blog post. It has also launched projects geared around women’s work clothes. It partnered with prep-outfitter J.Crew, which has—or at least had—a strong female following for its workwear, on an ad campaign and a series of talks with entrepreneurs. Right now, 48% of WeWork members are women, Rent the Runway’s chief operating officer, Maureen Sullivan, told WWD (paywall) in an interview about the new partnership. There’s upside for both companies in the deal: WeWork gets to further its ambition of touching all parts of its members’ work lives, while Rent the Runway becomes more visible to and accessible for WeWork’s many female members. And for working women, the pitch is that the partnership will make their lives just a little bit more streamlined.

an hour ago

What happens if Trump closes the US-Mexico border?

Donald Trump threatened today to close the US-Mexico border, to block a caravan of Central American immigrants. ....In addition to stopping all payments to these countries, which seem to have almost no control over their population, I must, in the strongest of terms, ask Mexico to stop this onslaught - and if unable to do so I will call up the U.S. Military and CLOSE OUR SOUTHERN BORDER!.. — Donald J. Trump (@realDonaldTrump) October 18, 2018 It’s unclear how effective that would be. Many of the immigrants in the caravan are asylum seekers. Closing ports of entry would just delay the US’s obligation, under its own laws, to consider their applications for asylum. And, the US government doesn’t have the personnel or the resources to entirely seal the places in between the ports of entry. How much trade comes through the US-Mexico border? What the president can safely assume are billion-dollar losses for American companies, particularly manufacturers, importing and exporting to Mexico. In a single month—July 2018, the last for which data is available—$41.5 billion’s worth in goods crossed the border, about 40% of them flowing south. Even temporary disruptions at the border—for example, increased scrutiny at the Canadian border after 9/11, and the closure of the San Ysidro port of entry in San Diego due to construction last year—can cause massive delays and hurt business, says Sarah Pierce, a policy analyst at the Migration Policy Institute. Who would be hurt by closing the US-Mexico border? In his morning tweets, Trump indicated that he’s willing to sacrifice trade in the name of homeland security. ....The assault on our country at our Southern Border, including the Criminal elements and DRUGS pouring in, is far more important to me, as President, than Trade or the USMCA. Hopefully Mexico will stop this onslaught at their Northern Border. All Democrats fault for weak laws! — Donald J. Trump (@realDonaldTrump) October 18, 2018 But would his party agree? Most of the states that would be affected if he closed the border were ones that voted for him, and Republicans are relying on those states for the midterm elections.

an hour ago

QTUM Partners With Amazon Web Services And Tether Panic Continues

The State of The Market — October 18, 2018 BTC: $6,540.86 (+0.12%) ETH: $206.24 (-0.43%) XRP: $0.46269 (-0.29%) After the sudden surge on Monday and a correction after that, the market remains stable. In fact, the top 5 cryptocurrencies moved by less than 1% in the last 24 hours. Bitcoin remains stable at $6,500, while Ethereum continues to hold above $200. In other news, U.K.-based global security firm G4S is developing a cryptocurrency custody solution. The firm, which typically provides security to events, prisons and other more traditional sectors, believes it has the solution to the risk of theft plaguing the cryptocurrency industry. Also, cryptocurrency compliance and investigative firm Chainalysis has partnered with Binance to fight Crypto money laundering. Chainalysis will deploy its real-time cryptocurrency monitoring program that uses pattern recognition, open source references, and complex algorithms to track and alert suspicious cryptocurrency transactions. 1) PoS- based smart contract blockchain Qtum has teamed up with Amazon Web Service (AWS) China division to broaden the hosting service’s blockchain-as-a-service (BaaS). The partnership will see the development of a smart contract platform on AWS that will enable users and developers to efficiently, cost-effectively and quickly manage, launch and code smart contracts systems. The solution would make use of Amazon Machine Image (AMI) together with core software for startup, Gmix web IDE and solidity. Also, Qtum would now be able to access Amazon’s business, marketing, sales, and technical resources. 2) Bitcoin was trading at a $300 premium on Bitfinex amid Tether’s decline. Tether (USDT) has seen its market capitalization plunge from the $2.8 billion area to just above $2 billion in a matter of ten days and is seeing 5% haircut as traders exchange for Bitcoin. Many believe the price upswing is because the traders who purchased Tether via the exchange are now looking to sell their holdings for Bitcoin. 3) A CME report shows that Bitcoin futures trading on the exchange have gone up by 41% in Q3, 2018. Also, the number of open contracts rose by 19%. CME also notes that when Q3 results are compared to Q2 there is noticeably slower growth in trading dynamics. Bloomberg recently reported that CME has no plans to introduce additional cryptocurrency futures as they prefer to continue analyzing Bitcoin futures. BTC futures have been a controversial topic as some believe they helped to stabilize the BTC bubble before it exploded and others think the instrument is directly responsible for the 2018 cryptocurrency bear market. The Federal Reserve Bank of San Francisco has also suggested that the “subsequent fall in the price [of BTC]” after the Bitcoin Futures launch does not appear to be a “coincidence.” (VS)

4 hours ago

US Government Eyes Ripple to Offset China’s Bitcoin Dominance

President Trump’s WhiteHouse Administration has expressed concern for China dominance of Bitcoin mining operations In the midst of an ongoing trade war, both countries are continually seeking out ways to dominate each other on the global stage If China dominates Bitcoin, the US may turn to Ripple as a way to compete in the fast-growing digital asset space Opinion - In recent months, the USA and Chinese relations have become less friendly as both countries are engaged in a fierce trade war that has resulted in expensive tariffs being placed on Chinese imported goods to the US. We have analyzed how this trade war could be beneficial for Bitcoins prices, however, what is also interesting is how the US Government could become less open to Bitcoin adoption in the US due to China’s concentration of mining pools. Instead, the US Government, currently operating under President Trump’s ‘America First’ policy, may push support towards a cryptocurrency like Ripple in an attempt to compete with the Chinese dominant Bitcoin. China conquers the Bitcoin mining Currently, about 81% of Bitcoin mining operations are located in China. Antpool and BTC.com (2 mining pools owned by Chinese company Bitmain) account for 32% of all the processing power on the global Bitcoin network. This concentration of Bitcoin mining means that the majority of Bitcoin traded around the world at one point or another was originated from Chinese minors. This further increases the influence of Bitcoin supply and demand from Chinese investors Government policymakers. By contrast, Ripple is an American tech company based in San Francisco. The company is best known for developing its currency, XRP, which is supposed to function as an international payment solution for banks to transfer funds across a shared ledger on the Ripple blockchain. Ripple for the Americans XRP is currently number 3 on the list of largest cryptocurrencies by market cap, behind Ethereum and Bitcoin. In the lead up to Ripples Swell conference, XRP price gained an impressive 100% boost, briefly placing it ahead of Ethereum on the cryptocurrency market cap list. Many within the crypto space have expressed concerns over XRP’s centralization. Unlike Bitcoin, XRP tokens are produced through a traditional cryptocurrency mining process. Instead, the company minted as much as 100 billion XRP tokens, and Ripple Labs still hold about 60% of those tokens. Nevertheless, Ripple labs recently revealed that the Trump administration had expressed interest in adopting XRP as a way to offset China’s Bitcoin dominance. “The White House, in particular, seems to be thinking about what it means to have 80% of bitcoin mining taking place in China and a majority of ether mining taking place in China,” Says Ripples Chief Strategist, Cory Johnson. USA vs. China It makes sense that the US administration would take a liking to XRP. After all, a centralized cryptocurrency is a natural fit for a centralized Government. “When you look at XRP, there is no mining, so from a foreign-control aspect or an environmental aspect, XRP is a very different beast. And in conversations we’ve had with the administration, they seem to get that and think that might matter.” With Ethereum and Bitcoin being operated by decentralized mining pools, XRP is a much better option for the US government to adopt and potentially exercise more control than the Chinese government ever could with Bitcoin. Ultimately, as 2 of the world’s most dominant nations fiercely compete on the global stage, we can be sure that they are seeking out every advantage. As the crypto market continues to grow, Government control over digital assets would be a huge advantage, and although China currently harbors a large concentration of Bitcoin mining pools, that does not give the country the power to influence Bitcoin in the same way that the US Government could affect a more centralized cryptocurrency like XRP. From the perspective of the average cryptocurrency user, Bitcoin adoption is the way forward to more freedom and financial independence. However, for the US Government, XRP adoption could be the perfect solution to undermine Chinese influence over the American and International monetary system. The post US Government Eyes Ripple to Offset China’s Bitcoin Dominance appeared first on CryptoPotato.

5 hours ago

Bitcoin [BTC] bull Michael Novogratz and Goldman Sachs announce investment in BitGo

On 18th October, it was announced that Michael Novogratz and Goldman Sachs are both investing in BitGo, a cryptocurrency custody company planning to fill the institutional investors’ gap in the cryptosphere. Reports have shown that both the parties have contributed around $15 million into BitGo’s Series B funding round. The move comes in the wake of the issue of custody being raised multiple times in roundtable discussions as well as Senate hearing regarding cryptocurrencies. Mike Belshe, the CEO and Co-Founder of BitGo had said: “This is the missing piece for infrastructure — it’s a treacherous environment today. Hedge funds need it, family offices need it, and they can’t participate in digital currency until they have a place to store it that’s regulated.” BitGo created ripples in the cryptocurrency space by becoming the first company to act as a regulated custody offering specifically for digital assets. The investments from the financial bigwigs are speculated to give a massive push to cryptocurrencies such as Bitcoin [BTC] into the realm of mainstream adoption. Belshe further added: “If you were investing in any other asset class, you’re probably not worried about the asset just disappearing — but this one, people still have that fear. For cryptocurrencies to reach their full potential, we’ve got to conquer that.” Michael Novogratz, a former Goldman Sachs partner, has been in the news lately, with him talking about Fidelity’s recent entry into the cryptocurrency industry. Novogratz, who is a known crypto bull, saw the rapid developments in the space as a sign of progress and free thinking. During a recent interview he had stated: “I see Bitcoin like gold almost as a currency, and I see the rest of web 3.0 more as a commodity, but you know, that’s one guy’s opinion. And so I think the institutional world is going to galvanize around how to see this as an asset.” The cryptocurrency bull’s former employer, Goldman Sachs has not been out of the news either. The San Francisco based finance behemoth has even backed Circle, a blockchain firm which had recently released a stablecoin called USD Coin [USDC]. The post Bitcoin [BTC] bull Michael Novogratz and Goldman Sachs announce investment in BitGo appeared first on AMBCrypto.

6 hours ago

Omni Rentals Lets Users Cash out Earnings in XRP

Many people consider Ripple’s XRP to be a security or a digital asset, rather than something consumers can benefit from. In the case of Omni, a project focusing on revamping ways to own and access things, XRP support has been integrated as a cash-out feature. Omni Sees Merit in XRP For those unaware of the Omni project, the concept is relatively easy to explain. The main purpose of this venture is to develop new ways to own and access things. One of their main projects goes by the name of Omni Rentals, a way for users to share their things and getting paid to do so. Unlocking the dormant value in things users have but don’t use daily is a very interesting approach, to say the least. What makes Omni Rentals so interesting is how it removes the need to rely on services like Craigslist, Venmo, and so forth. The Omni Rentals project allows for users to effectively rent items from the platform and get it delivered to their home when they need it. It is an on-demand service which can be quite successful in the long run, although it will mainly depend on how users look at this concept. As has become apparent, services like these can let users earn some passive revenue by renting out the things they do not actively use on a regular basis. Such a concept will undoubtedly get a lot of attention moving forward, although it is evident that can also create some friction. More specifically, paying users in a native currency would not necessarily attract a lot of attention. Thankfully, it seems the Omni team has already come up with a solution to counter this problem. Their latest addition comes in the form of cashing out Omni Rental earnings in the form of XRP. Even though Ripple’s XRP is not necessarily the most popular asset in the world, it is one of the most liquid ones. That also makes it easier for users to effectively convert their earnings to Bitcoin or other cryptocurrencies, or fiat currencies if they so prefer. The Omni team explains this decision as follows: “We’re building towards a world with frictionless access to the things we need as we need them, irrespective of ownership. In order to realize this vision, we set out to implement a payments system that was both instantaneous and global, which is why we partnered with Ripple back in January and why we’re excited to announce the XRP cash out option now. By enabling XRP cash outs we’re aiming to lower the barrier to entry for crypto-curious consumers and also reduce the risk because you still own the asset.” The addition of XRP brings another interesting use case to the table for this particular asset. Although it might not necessarily have a big impact on the value of XRP altogether, there is a good chance this concept will gain some traction in areas where Omni Rentals is popular. So far, that seems to include San Francisco Bay and Portland, although other regions might get added as more time progresses. An intriguing development, and something that validates XRP’s potential even further. The post Omni Rentals Lets Users Cash out Earnings in XRP appeared first on NullTX.

6 hours ago

$152 Million Lawsuit Against Augur By Former CEO Settled Outside The Court

The San Francisco county court has dismissed a $152 Million lawsuit involving augur. The lawsuit was filed in April by Matthew Liston, the former disputed CEO of Augur against three other founding members for acts of fraud. Liston has now confirmed that the case has been settled outside the court, but refrained from providing any further details. After his departure from Augur, Liston has been assisting a potential Augur competitor known as Zero Ex Omega. Augur (REP) is priced at $12.59, gaining 0.68% in the last 24 hours. (VS)

7 hours ago

Ripple’s xRapid adds another customer as XRP builds wave of adoption through third-party integration

The XRP Ledger and its accompanying cryptocurrency are taking significant steps to be integrated into the Internet of Value ecosystem that is being built currently. Adoption is also being pushed by XRP enthusiasts, going along with Ripple’s new moves in the cross-border space with XRP-powered xRapid coming into the picture. Recently, Omni, a renting service in the San Francisco Bay Area and Portland, announced that they would be utilizing XRP as a method for users to cash out their earnings. Users can either choose to cash out in USD or XRP as they choose. Notably, the startup raised around $25 million in capital from Ripple Labs, along with other investors. They are also partnered with the company under the Xpring initiative. The Omni service also marks the first time that XRP users can obtain the coin from outside of an exchange platform. Ripple is also making strides in pushing its xRapid product, a cross-border payments initiative to cut down costs and increase settlement speed. This was announced during Ripple’s Swell conference, with three partners. These were Cuallix, IDT and MercuryFX. The CFO of Cuallix, Nicolas Palacios, said in a statement: “With Ripple, we can source liquidity through XRP and complete the cross-border payments in seconds.” Now, the FinTech has added another customer under its belt to use xRapid. The institution in question is Viamericas, a cross-border payments service which is set to use Ripple to cut down payment fees by up to 70%. Paul Dwyer, the co-founder, and CEO of Viamericas, stated: “We believe that digital assets like XRP will play a key role in the future of cross-border payments, helping to safely address some of the structural inefficiencies of legacy settlement infrastructure” Ripple said in a brochure created to market xRapid: “Global payment providers, such as Viamericas, Cuallix, IDT, MercuryFX and others are using xRapid to significantly lower their liquidity costs and send real-time payments — an industry first.” The XRP space is seeing important building blocks being created for the future infrastructure of the space. Moreover, Ripple also seems to be converting its xRapid pilot customers to use the product, a good sign for the XRP token. The post Ripple’s xRapid adds another customer as XRP builds wave of adoption through third-party integration appeared first on AMBCrypto.

7 hours ago

Viamericas and Moneynetint Join the Wide Ranks of Ripple’s Technology Adopters

Ripple, a venture-backed startup behind XRP with offices in San Francisco, New York and Sydney, has already proved itself to be massively adopted among the financial and payment giants across the globe. With a view to bridge the gap between blockchain ecosystem and payment processors based on traditional fiat money, Ripple has gained popularity of its XRP token. During the Swell Conference held last month, Ripple’s CEO Brad Garlinghouse unveiled details about the launch of xRapid, payments solution that uses XRP tokens to source liquidity and facilitate instant cross-border payments at low costs. Ripple also stated that three financial payments providers pledged their support to xRapid. These companies included MercuryFX, Cuallix and Catalyst Corporate Federal Credit Union. Recently, Ethereum World News reported that Ripple added Viamericas, an international money transmitter, to its list of customers utilizing xRapid. The Ripple’s brochure states: “Global payment providers, such as Viamericas, Cuallix, IDT, MercuryFX and others are using xRapid to significantly lower their liquidity costs and send real-time payments — an industry first.” The statement effectively marks the first admission of an official partnership between the two entities. According to its website, Viamericas is a “licensed money transmitter offering international money transfer, bill payment, check processing and top-up services at thousands of agent locations across the United States, and over 76,000 locations in 29 countries for cash payout or direct deposits to bank accounts”. Paul Dwyer, the co-founder and CEO of Viamericas, said: “We believe that digital assets like XRP will play a key role in the future of cross border payments, helping to safely address some of the structural inefficiencies of legacy settlement infrastructure”. Currently, no more information regarding the integration is available. Another company to partner with Ripple is Moneynetint, UK-based e-payment company. As of today, we are proud to announce that @MoneyNetInt has joined #RippleNet ! Joining @Ripple and their Global Payment Network will allow us to process customers’ #payments anywhere in the world #instantly , #reliably & cost-effectively! #fintech #ecommerce #paymentsolutions pic.twitter.com/KSOCwIssLc — MoneyNetInt (@MoneyNetInt) October 16, 2018 Moneynetint said: “By levereging Ripple’s blockchain technology, Moneytint will now be able to simplify and reduce the FX conversion rates for their customers, increase the speed of settlement and offer services to new markets that would otherwise have been too difficult or too costly to reach in the past.” Yishay Trif, the CEO of Moneynetint, commented on the advantages in onboarding Ripple technology: “Ripple’s technology is very interesting and can revolutionize the payments industry in the near future. Until now, if we wanted to connect to a certain company, we needed to do it through its API. This requires adjusting our systems to fit this API. This means costs and time.” He added: “With Ripple, we can connect to numerous companies via one API. It’s basically a hub for multiple end users. Connecting to banks that implemented the system is also much easier now.” Both the Ripple’s partnerships contribute to its global adoption and make XRP one of the world’s best cryptos. The post Viamericas and Moneynetint Join the Wide Ranks of Ripple’s Technology Adopters appeared first on CoinSpeaker.

9 hours ago

0x (ZRX) Falls 15% After Initial Coinbase Surge, Not All Investors are Convinced

When Bitcoin Cash, Ethereum, and Litecoin were listed on Coinbase, many investors saw this process as a sign for the widespread use and adoption of the aforementioned crypto assets. But, in stark contrast to Coinbase’s current listees, the recent addition of 0x (ZRX) onto the San Francisco-based platform have left many asking more questions about 0x than ever before. Coinbase.com, Coinbase Pro Add ZRX Per previous reports from NewsBTC, 0x (ZRX), the native asset of the decentralized exchange protocol project that shares its name, was unexpectedly added to Coinbase’s professional trading platform on October 11. At the time, however, it wasn’t made clear when the world-renowned crypto platform intended to launch ZRX support on Coinbase Consumer (Coinbase.com), which is where a majority of the startup’s 25 million clients trade and transact. Eventually, after days of deliberation, the exchange revealed that it had officially launched ZRX on its consumer-focused webpage, along with on the Coinbase IOS and Android mobile apps that were likely gathering dust due to the bearish market conditions. Like any other crypto asset listed on the multinational platform, users are now able to buy, sell, send, receive, or store ZRX, which is now the first Ethereum-based token to go live on Coinbase. Interestingly enough, for now, users who reside in the United Kingdom or the state of New York will be unable to trade this specific crypto asset. This restriction can presumably be chalked up to the unknown regulatory climate surrounding ZRX, which has yet to be directly addressed by regulatory bodies. Still, in a testament to the colloquially-dubbed “Coinbase Effect,” the popular altcoin saw a monumental surge to the upside, rising from $0.65 to a high of $1.04 on the back of the Coinbase news alone. However, since hitting multi-month highs at $1.04, the asset has since seen a pullback to $0.88 and is down 10% in the past 24 hours. Chart Courtesy of TradingView 0x Skeptics Lash Out: Insider Trading, Useless Token? Despite the positive news, as is the common theme with Coinbase listees, many began to bring up theories that insider trading and conflicts of interest had catalyzed the addition of 0x. For those who haven’t been kept in the loop, the exchange has long been accused of facilitating conflicts of interest. Take the two following cases as an example. Following the listing of Litecoin on the exchange, former Coinbase engineering head Charlie Lee left his stint at the startup, which lead many of the firm’s critics to a single conclusion. In a recent case, Bitcoin Cash saw a suspicious uptick in buying volume in the days preceding its appearance on Coinbase, again indicating that something could be amok. While these conspiracy theories have since been debunked by the startup, which is slated to be valued at $8 billion, critics of the platforms still have their doubts. Kevin Pham, a former institutional banker turned Bitcoinier and Coinbase’s foremost hater, took to his vast social media platform to yell from the rooftops that insider trading was a likely explanation for ZRX’s addition to Coinbase. Backing his inflammatory claim, Pham pointed out that 0x advisor Linda Xie, who used to work at Coinbase, had directly advised Coinbase’s digital asset listing guidelines in the past. The potential for insider dealing here stinks. Former Coinbase Employee and current 0x advisor @ljxie, advised Coinbase on their digital asset listing guidelines. https://t.co/6GsMZdlL7j — Kevin ''Thuggish'' Pham (@_Kevin_Pham) October 16, 2018 Although no conclusions can be drawn, as this could have been an unfortunate coincidence, many have pointed to the handful of connections that can be drawn between 0x’s executives, advisors, or investors and Coinbase’s top brass. Even if the rumors regarding insider trading are false, as pointed out by many on Twitter, there is still much to criticize the 0x project for. Preston Byrne, a self-proclaimed “blockchain technologists,” explained that there was only an average of 101 addresses that actively transacted 0x, even after Coinbase’s initial announcement. Byrne seemed to be alluding to the fact that Coinbase has only listed well-adopted crypto assets in the past, which makes the ZRX listing straight out of left field. With these numbers, totally mystified as to how 0x got added to Coinbase. 101 daily active addresses... and that's *after* the Coinbase announcement. pic.twitter.com/VmItTlzGla — Preston Byrne (@prestonjbyrne) October 12, 2018 Jackson Palmer, the founder of the ever-popular Dogecoin memecurrency, rebutted this sentiment by claiming that Coinbase’s acquisition of 0x-based Paradex was behind the listing. But, there were still 0x skeptics to poke holes in Palmer’s rebuttal. Udi Wertheimer, a well-followed Bitcoin developer, explained that Paradex doesn’t even actively use the ZRX token, indicating that the asset could have no legitimate use case. I believe $ZRX is the first ERC-20 token (an

9 hours ago

Omni, a Start-up Advised by Chris Larsen and Stefan Thomas, Integrates XRP

Months after sealing a $25 million deal with Ripple and other participants including Vivi Nevo, Founders Fund, Karlie Kloss, Omni is now integrating XRP. This is no doubt huge for Ripple demonstrating how their earlier initiative, Xpring, is paying off. Xpring is the “proverbial” spring for serious start-ups and the initiative that “invest in, incubate, acquire and provide grants to companies and projects run by proven entrepreneurs”. More about Omni Omni is a brainchild of Thomas MacLeod and with Stefan Thomas, the former CTO of Ripple and founder of Coil, another Xpring supported company joining Chris Larsen the co-founder of Ripple as a member of Omni advisory board, the start-up is poised to change the concept of ownership. In their Medium page, Omni say they are a new way of owning and accessing things. Through their platform, users can find and rent what they need while renting out what they don’t need. This way they safe space while earning XRP as they do so. Simply put, Omni acts as the keepers of an on-demand personal storage platform build on a shared economy model. Because of this, users get to earn when they share their things via renting while at the same time saving space, all from the comfort of their homes. Their main objective is to make people live “lighter”. What the XRP Integration Means The new XRP integration means users can now cash out their rental earnings straight into their XRP wallets. It’s also the first of a kind around San Francisco Bay Area and Portland where users get to earn XRP without going through an exchange. By doing so, the start-up is providing an avenue for crypto curious investors to own digital assets which can they can cash out instantaneously. Besides, Omni is eliminating unnecessary risk because the owner has full control of their XRP. They are the legit owners with no custodians controlling their private keys. The post Omni, a Start-up Advised by Chris Larsen and Stefan Thomas, Integrates XRP appeared first on Ethereum World News.

9 hours ago

‘What a Shocker’ - CME Bitcoin Futures Volume Soars 41%

As investors speculate when Bitcoin will bottom and reverse course, a recently released CME report shows Bitcoin Futures daily trading volume up 41% over Q3. Bitcoin Futures Volume Rises Sharply The bear market is still a reality, but investors are steadily making moves behind the curtain. A new report from the CME (Chicago Mercantile Exchange) shows that Bitcoin futures trading at the exchange have continuously risen throughout Q3, and the average daily volume (ADV) of BTC futures increased by 41 percent over Q2 to Q3. The report also showed that the number of open contracts rose by 19 percent in Q3. When comparing Q3 to Q2 once can discern slower growth in trading dynamics. However, this should come as no surprise since the majority of the year has been in the grip of a vicious bear market. In July, the CME released a similar report showing a significant increase in futures trading throughout Q2. Average daily volume (ADV) and open contracts had risen by 93 and 58 percent compared to Q1. Altcoins Have No Future A report by Bloomberg, meanwhile, states that the CME has no plans to introduce additional cryptocurrency futures as they prefer to continue analyzing Bitcoin futures. BTC futures have been a controversial topic as some believe they helped to stabilize Bitcoin 00 as it approached extreme bubble territory in December 2017. Others are convinced that BTC futures are directly responsible for the 2018 cryptocurrency bear market as they provided crypto-whales and institutional investors with the opportunity to short Bitcoin. Even the Federal Reserve Bank of San Francisco suggested that the “subsequent fall in the price” after the Bitcoin Futures launch does not appear to be coincidental. Meanwhile, eToro senior market analyst, Mati Greenspan, who’s been rather bullish as of late sarcastically called the rising volume a “shocker.” Bitcoin volumes on Wall Street are up sharply. What a shocker... https://t.co/jpcaRQkrPu — Mati Greenspan (@MatiGreenspan) October 18, 2018 Do you think BTC Futures stabilized the market or led to the current bear market? Share your thoughts in the comments below! Images courtesy of CMEGroup.com, Shutterstock, Twitter. The post ‘What a Shocker’ - CME Bitcoin Futures Volume Soars 41% appeared first on Bitcoinist.com.

9 hours ago

Asia to Europe: Malaysian Fintech Completes Its First Cross-border Transfer on RippleNet

The blockchain-based company that devises rapid and competitive remittance corridors running on an API solution, Ripple has once again proved the credibility of underlying technology for international money transfers. As a part of Ripple’s expansion strategy in Asia and the Middle East, the company has partnered one of the Malaysian Fintech startups that has received an approval from the central bank to operate in the field on cross-border payments. A Fruitful Collaboration These two companies found each other in the right times, since their collaboration has led not only to mutual benefits for both parties involved but also it has contributed to a public endorsement of the blockchain technology worldwide. The Fintech startup MoneyMatch has exploited the Ripple blockchain at full capacity as the other day it has successfully conducted the first ever live cross-border transaction out from Malaysia to Europe. At the moment, MoneyMatch remains the only live operating FinTech with eKYC functionality in Malaysia. Once users has successfully signed in, they can proceed to transfer money overseas at significantly cheaper rates and faster disbursement times. From Malaysia to Europe in just Few Hours As an insider reveals, in order to make this cross border transaction via the blockchain possible, MoneyMatch have been closely working together with Ripple in San Francisco over the past several months. The efforts of two companies were put into an integration of MoneyMatch into the RippleNetxVia platform via an application programming interface. As soon as this stage was completed, a renowned transaction has taken place. The transaction, which enabled a retail user to convert Malaysian national currency ringgits (MYR) to Euros (EUR) at a ‘significantly lower cost’ compared to traditional transfer services was completed in a matter of hours, the remittance firm revealed. Notably that the global payments rail operated by SWIFT routinely takes several days to process a transaction that is likely to incur more fees. In the meantime, one of the reasons for encouraging the use of blockchain technologies is the cost-effectiveness that it brings with the help of an API solution that allows firms to send payments over RippleNet without the need for any additional software. Ripple-based Business Opportunities for MoneyMatch Both companies seem to be satisfied with achieved results, while CEO of MoneyMatch, Adrian Yap shared his excitement, saying: “We’re really proud to make this announcement today as we show clear evidence that a FinTech startup made wholly in Malaysia by young Malaysians is capable of integrating into the Ripple blockchain and performing a live legitimate international money transfer from Malaysia to Europe bringing blockchain innovation to the traditional Malaysian financial services industry.” Following this pilot transaction to Spain, MoneyMatch has also conducted live cross-border payments on the blockchain out to Germany, Latvia and Ireland. Owing to the Ripple’s cutting-edge technology, MoneyMatch will now be able to sustainably offer the best pricing and fastest speeds for international payments out to Europe. MoneyMatch stated that the company will continue working with multiple other regulated partners in overseas jurisdictions who are also on the Ripple blockchain such as India, Thailand, USA and other such jurisdictions. The post Asia to Europe: Malaysian Fintech Completes Its First Cross-border Transfer on RippleNet appeared first on CoinSpeaker.

10 hours ago

With a Functional Mainnet, Baidu Might Be the First of Many Partnerships For TRON (TRX)

‘Where there is smoke, there is fire’ is a saying that is very applicable to the breaking news that Baidu has been confirmed as the newest partner of the Tron Foundation. Speculation was high after the online publication of Coinness announced that the new partner was Baidu and based on its own credible sources. However, an official announcement had not been made from Justin Sun or his team at Tron (TRX). The Tron Foundation has since confirmed the news via a tweet that stated the following: #TRON is joining forces with Internet service giant Baidu and will continue to work with large cloud service providers to offer blockchain solutions, make the technology more accessible for users and small business alike. End goal: mass adoption of #blockchain. $TRX More Partnerships to Come Due to a Functional Mainnet The Tron project has been making a lot of progress in terms of technical developments. All these developments have pointed to one observation: that Tron is the only platform that has not experienced any technical and community issues since launching its Mainnet on the 25th of June. The Tron Virtual Machine was recently activated on the 12th of October and the list of smart contracts being deployed continues to increase on a daily basis. As of October 16th, 90 smart contracts had been deployed onto the Tron Mainnet thanks to the TVM. That number now stands at 97 Smart contracts on the 18th of October. The number of user accounts on the network has also crossed the half a million mark. The Tron network currently hosts 502,573 accounts at the moment of writing this. Therefore, and using our favorite quote of the day, where there is smoke there is fire. The Tron Mainnet has continued to operate on a level of impeccability and additional partnerships are likely not that far into the future. Possibility of An American Partner With the Tron Foundation recently opening up an office in San Francisco, there is a high chance that there could be a future partner from the area. The San Francisco office is strategically placed to start the process of negotiating a partnership with a tech giant from the Silicon Valley. Of course this is pure speculation, but anything is possible in the crypto verse! What are your thoughts of Tron’s confirmed partnership with Baidu? Is this an indicator of more to come? Please let us know in the comment section below. Disclaimer: This article is not meant to give financial advice. Any opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you. The post With a Functional Mainnet, Baidu Might Be the First of Many Partnerships For TRON (TRX) appeared first on Ethereum World News.

11 hours ago

Bitcoin Futures Trading Further Gains Momentum, CME Reports 41 Percent Growth in Q3

As it has been reported by the U.S.-based exchange known as the Chicago Mercantile Exchange (CME), Bitcoin (BTC) futures trading continues to gain momentum attracting more and more traders. According to the report, in Q3 the average daily trading volume of Bitcoin futures increased by 41 percent in Q3 if compared with the trading volumes observed in Q2. Trading volumes growth It’s also important to emphasize that the trading volumes of Bitcoin futures have been continuously growing since the moment when they were introduced on the CME exchange in December 2017. Moreover, it is expected that this positive tendency will continue. Throughout the third quarter of the current year, the average daily trading volume reached a mark of 5,053 Bitcoin futures contracts per day. On the Chicago Mercantile Exchange, each Bitcoin contract includes 5 BTC. It means that on average a total number of 25,265 BTC worth approximately $162 million was transferred each trading day. Open interest What is more, so-called open interest is also growing. This indicator reflects the amount of new money that is coming to the market. Since the previous quarter, it has increased by 19%. Increasing open interest is considered to be a sign of growing interest and attention from the side of existing and potential market participants that are ready to enter the market. Moreover, such positive tendencies are able to strengthen the price movements that already exist. CME’s positions As it has been already mentioned, at the current moment CME’s daily volume is equivalent to over USD162 million. Such results make the exchange a top-15 cryptocurrency platform in the spot markets as its volume can be compared with the volumes shown over the last 24 hours by such industry’s giants as Upbit based in South Korea and Coinbase Pro based in the U.S. If we look at the trading volumes of exchanges that provide their users with an opportunity to work with a BTC/USD trading pair, the Chicago Mercantile Exchange will take the second position after BitMEX that is a Hong Kong-based cryptocurrency derivatives platform. Nevertheless, according to the CME’s CEO Terry Duff, the company doesn’t have any plans to offer any new cryptocurrency products despite its current success with BTC trading. In July, he said that before listing any other cryptocurrencies, they wanted to analyze the tendencies in BTC trading and six-eight months couldn’t be considered to be a proper period to make right conclusions. Bitcoin futures and Bitcoin price It is obvious that Bitcoin has fallen from its peak. While traders and investors still remember that golden period when it was needed to pay approximately $20, 000 to gey 1 Bitcoin, now it is traded for $6,540. According to the Federal Reserve Bank of San Francisco, a significant decline in the crypto markets that is observed this year has been caused by the Bitcoin futures launch. The post Bitcoin Futures Trading Further Gains Momentum, CME Reports 41 Percent Growth in Q3 appeared first on CoinSpeaker.

11 hours ago

With a Functional Mainnet, Baidu Might Be the First of Many Partnerships For TRON

‘Where there is smoke, there is fire’ is a saying that is very applicable to the breaking news that Baidu has been confirmed as the newest partner of the Tron Foundation. Speculation was high after the online publication of Coinness announced that the new partner was Baidu and based on its own credible sources. However, an official announcement had not been made from Justin Sun or his team at Tron (TRX). The Tron Foundation has since confirmed the news via a tweet that stated the following: #TRON is joining forces with Internet service giant Baidu and will continue to work with large cloud service providers to offer blockchain solutions, make the technology more accessible for users and small business alike. End goal: mass adoption of #blockchain. $TRX More Partnerships to Come Due to a Functional Mainnet The Tron project has been making a lot of progress in terms of technical developments. All these developments have pointed to one observation: that Tron is the only platform that has not experienced any technical and community issues since launching its Mainnet on the 25th of June. The Tron Virtual Machine was recently activated on the 12th of October and the list of smart contracts being deployed continues to increase on a daily basis. As of October 16th, 90 smart contracts had been deployed onto the Tron Mainnet thanks to the TVM. That number now stands at 97 Smart contracts on the 18th of October. The number of user accounts on the network has also crossed the half a million mark. The Tron network currently hosts 502,573 accounts at the moment of writing this. Over half a million accounts on the Tron Mainnet. Source, Tronscan.org Therefore, and using our favorite quote of the day, where there is smoke there is fire. The Tron Mainnet has continued to operate on a level of impeccability and additional partnerships are likely not that far into the future. Possibility of An American Partner With the Tron Foundation recently opening up an office in San Francisco, there is a high chance that there could be a future partner from the area. The San Francisco office is strategically placed to start the process of negotiating a partnership with a tech giant from the Silicon Valley. Of course this is pure speculation, but anything is possible in the crypto verse! What are your thoughts of Tron’s confirmed partnership with Baidu? Is this an indicator of more to come? Please let us know in the comment section below. Disclaimer: This article is not meant to give financial advice. Any opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you. The post With a Functional Mainnet, Baidu Might Be the First of Many Partnerships For TRON appeared first on Ethereum World News.

11 hours ago

ZRX Spikes 40 Percent After Coinbase Listing

After months of speculation, San Francisco-based Coinbase launched the trading of 0x (ZRX) on its trading platform, causing a quick 40 percent rise in the asset’s price after listing. ZRX Added to Coinbase The digital currency is the sixth to be listed on Coinbase after Bitcoin, Bitcoin Cash, Litecoin, Ethereum, and Ethereum Classic. ZRX is ...

17 hours ago

Ethereum [ETH] does not have scaling issues Bitcoin [BTC] does, says Comma.ai’s George Hotz

During the San Francisco Blockchain Week [SFBW], BCH DEVCON, series of global hackathons made its debut to the public. Recently, George Hotz, the Founder and Head of research at Comma.ai shared his thoughts on Ethereum, dApps, and Lightning Network. George stated that he had recently studied Ethereum’s Geth in full and according to him Ethereum was a great platform for bug bounties. He added: “If you like find the exploit you and you run it, then you get money very in exchange and it’s pretty cool” He further added that the contract itself was a bounty and individuals would not need a developer. If they are capable of hacking the contract then they get paid. In addition, the process is not illegal because a hacker would just be running a code on the Ethereum platform. George was asked about the ongoing developments and ICO projects where Ethereum was not able to handle the increased load and if Ethereum could overcome such problems of scalability in order to achieve global mass adoption. According to George, problems of scalability on the Ethereum platform was a myth and Bitcoin [BTC] was the only cryptocurrency which had scaling issues. He further added that Ethereum could have problems in scalability if they were used to run Crypto Kitties. However, he stated that “the truth is nobody uses dApps for anything”. George also spoke about Bitcoin and its scaling issues. He also commented on the Lightning network and if it was an appropriate solution for Bitcoins issues. George stated: “I just know that at one point in my life I paid $17 for a Bitcoin transaction and that does kind of stick with you I don’t know lightning looks complicated and like it doesn’t work or I would agree maybe it works” George Francis Hotz is an American hacker famous for unlocking the iPhone and allowing the phone to be used with other wireless carriers which is contrary to AT&T’s and Apple’s intentions. He also developed the limera1n jailbreak tool and bootrom exploit for iOS. As of September 2015, George is working on his vehicle automation machine learning company comma.ai. The post Ethereum [ETH] does not have scaling issues Bitcoin [BTC] does, says Comma.ai’s George Hotz appeared first on AMBCrypto.

a day ago

CME Report Shows BTC Futures Average Daily Trading Volume Increased by 41%

A CME report shows that Bitcoin futures trading at the exchange has continuously risen throughout Q3. The average daily volume (ADV) of BTC futures increased by 41 percent over Q2 to Q3 and the number of open contracts rose by 19 percent in Q3. The CME also notes that when Q3 results are compared to Q2 there is noticeably slower growth in trading dynamics. Bloomberg recently reported that the CME has no plans to introduce additional cryptocurrency futures as they prefer to continue analyzing Bitcoin futures. BTC futures have been a controversial topic as some believe they helped to stabilize the BTC bubble before it exploded and others think the instrument is directly responsible for the 2018 cryptocurrency bear market. The Federal Reserve Bank of San Francisco has also suggested that the “subsequent fall in the price [of BTC]” after the Bitcoin Futures launch does not appear to be a “coincidence”. (RS)

a day ago

Save the date for October 24,2018! Learn how to deploy smart...

Save the date for October 24,2018! Learn how to deploy smart contracts from our engineers at the San Francisco HQ.… https://t.co/z09xfXvuyM

a day ago

Millions of Dollars Distributed for Ethereum Development in its Wave IV of Grants Program

The Ethereum team has always been a staunch proponent of innovation and development. The Wave IV of the Ethereum Foundation Grants Program saw the distribution of millions of dollars to promising projects contributing to the Ethereum development, as revealed in an official Ethereum blog. In all, 20 projects have been granted funds under different sub-categories - Scalability, Usability, Security, #BUIDL, Client Diversity and Hackternships. A Quick Glance at Some of the Grantees Counterfactual is developing generalized state channels on Ethereum, a move which is aimed at making the Ethereum blockchain more efficient by shifting many processes off-chain, while not compromising on the blockchain’s characteristic trustworthiness. Finality Labs is contributing to the development of Forward-Time Locked Contracts (FTLC) for Ethereum. Kyokan is working on developing production ready mainnet Plasma Cash & Debit plugins. Trueblocks is working on an open source block explorer. VulcanizeDB is developing a “community sourced” block explorer. Gitcoin is a project which helps developers utilize bounties to collaborate and monetize their skills while contributing to open source projects. Flinstones is focused on the further development of Flint language. Dark Crystal breaks down private keys into shards, which can then be sent to various trusted parties, and recovered easily. Sigma Prime, Prysmatic Labs and Status have bagged grants for Client Diversity for Eth 2.0. As a part of Ethereum’s Hackternships, Elizabeth Binks has been awarded a grant for her work on ring signature implementation with nine or more keys. Lindsey Gray has received funds for contributing to the development of C++ BLS-381 implementation. With this latest round of grants, the total amount of funds distributed by the Ethereum Foundation since the first wave of grants in March 2018 stands at $11 million. The Ethereum Foundation has published a wishlist on its website regarding the Ethereum ecosystem developments and invited applications for Wave V of the grants program. Constantinople Implementation Delayed by “Consensus Issue” While the grants distribution was a hit among Ethereum developers and supporters, the much-awaited Ethereum hard fork, Constantinople, did not see success. According to reports, the software upgrade failed to deliver results because of a “consensus issue.” Constantinople was meant to implement five improvements and add to the network’s efficiency. The hard fork, which was activated on the Ropsten testnet on October 13 at block 4,230,000, caused a “consensus issue on ropsten.” Ethereum developer Afri Schoedon tweeted that there would be “no constantinople in 2018.” He has also revealed that the “last all-core-dev call” has been scheduled on Friday, October 19, and the community should “stay tuned” until then. Despite the price plunge of Ethereum from over $1,400 in January to below $170 in September, Ethereum has retained its popularity among developers. In October, ETHGlobal had conducted ETH San Francisco, a hackathon which drew the participation of 1,000 developers from all across the globe. Featured image from Shutterstock. The post Millions of Dollars Distributed for Ethereum Development in its Wave IV of Grants Program appeared first on NewsBTC.

a day ago

Huobi NEXT Debuts at San Francisco Blockchain Week

During the San Francisco Blockchain Week, the Huobi Group introduced its new community-based cryptocurrency exchange Huobi NEXT. The platform was unveiled to US investors and blockchain enthusiasts by company executive Lu Mai, who heads Huobi Group’s coin listing team, as well as Huobi NEXT. This is the first time that Huobi attended the SF Blockchain Week. Huobi NEXT Debuts at San......

a day ago

Bitcoin Unlimited Adds ABC Client Upgrade Features for November’s Hard Fork

The Bitcoin Unlimited development team have published the full node clients’ Bitcoin Cash edition version 1.5.0, which includes an implementation of all the November 15 upgrade features from Bitcoin ABC. According to the development team, support for the Bitcoin SV team’s ruleset is “pending” and Bitcoin Unlimited’s lead programmer, Andrew Stone, has explained he would like to see miners voting on ABC and SV changes using the BIP135 bits standard. Also read: BCH Devcon Streamlines Bitcoin Innovation in San Francisco Bitcoin Unlimited Latest Version Adds Bitcoin ABC’s Ruleset Changes The Nov. 15 Bitcoin Cash network hard fork is approaching quickly and on Sunday the Bitcoin Unlimited (BU) programmers published BU version 1.5.0. The latest BU client is fully compatible with the BCH chain and previous hard fork consensus changes that took place in the past. BU’s 1.5.0 comes with some notable changes in contrast to the previous client release. Team developer Andrea Suisani (Sickpig) detailed that the BU software includes canonical transaction ordering (CTOR), the opcode OP_Checkdatasigverify (CDSV), an enforced “clean stack” rule, a “push only” rule for script-sig, a 100-byte minimum transaction size and more. This version means the BU implementation will be fully compatible with Bitcoin ABC’s ruleset changes, and on Twitter the developers have explained that SV support is “pending.” On the Reddit forum r/btc, BU’s lead developer Andrew Stone explained he hopes miners use the voting system the team collaborated on with the Bitcoin XT developers. “What I would really like to see is miners start voting based on the BIP135 bits that we defined together with Bitcoin XT — Miners that support the Nov. 15 hard fork could start voting for the SV features they support,” Stone stated on the forum. “Miners that don’t support the hard fork (even if that miner will follow the hash power majority come Nov. 15) should start using BIP135 to vote for the features it supports. A vote for a feature is basically saying ‘I like the feature, but I want a different activation mechanism.’” BIP135 Voting, Grace Periods, and Bitcoin SV Stone further detailed that if there is a significant amount of votes showing a majority consensus then they should stop the November fork or start BIP135 activation. The engineer continues by explaining that people don’t have to run BU to vote on these features as miners can set the BIP135 bits in their block version fields using mining pool software. Following these statements, a BCH community member asked the programmer if the BIP135 system enabled the features automatically. “BIP135 voting does enable the features automatically, but after a 3-month 75% or greater “yes” and a 3-month “grace” (time to implement the feature) period — So plenty of time,” Stone replied. Bitcoin Cash enthusiasts seemed pleased with BU’s new release on social media channels and forums. As the upgrade date gets closer, the Bitcoin SV team of developers have launched their latest full node client 0.1.0 release. In contrast to previous releases, the new code includes all three consensus changes which include re-enabled opcodes, more opcodes per script, and the 128MB block size increase. With Bitcoin SV dropping the newest version, BU may add the SV additions to the full node implementation, but as Stone stated, either way miners can now favor certain proposals using BIP135. Right now it’s hard to tell what will happen, as most of the community seems to be split on both sets of consensus changes and they are supporting the side they think will be best suited for the BCH network. News.Bitcoin.com spoke with the BU team developer Andrea Suisani and asked him if miners could choose to vote for all of the upgrade features proposed by both ABC and SV, or a mixture of each camp’s Nov. 15 features. Suisani explained miners could vote on all of the features proposed and even a mix. “This is the actual point of BIP135,” the programmer added. Now the pressing question remains: What will the BCH mining pools support come Nov. 15? What do you think about Bitcoin Unlimited’s latest version that includes Bitcoin ABC’s ruleset changes? Let us know what you think about this subject in the comments section below. Images via Shutterstock, and Bitcoin Unlimited and Bitcoin SV. At news.Bitcoin.com all comments containing links are automatically held up for moderation in the Disqus system. That means an editor has to take a look at the comment to approve it. This is due to the many, repetitive, spam and scam links people post under our articles. We do not censor any comment content based on politics or personal opinions. So, please be patient. Your comment will be published. The post Bitcoin Unlimited Adds ABC Client Upgrade Features for November’s Hard Fork appeared first on Bitcoin News.

a day ago

Trump wants to upend yet another international treaty in the name of a “fair deal”

The Trump administration said it’s pulling the US out of the agency that governs international mail—unless it can get a better deal. US officials were set to notify the Universal Postal Union (UPU) on Wednesday of their intention to abandon the 144-year-old body, a process that would take a year. In the meantime, the administration plans to engage in negotiations to modify its agreement with the UPU, so it doesn’t have to leave. It’s Donald Trump’s latest effort to redress what he calls unfair conditions that benefit the rest of the world at the expense of the US. His qualm is with the way UPU sets the rates countries charge each other to deliver international mail once it reaches their shores. The agency, which is part of the United Nations, made the fees lower for developing countries. This decision, which predates e-commerce and China’s transformation into an exporting behemoth, is now creating “economic distortion,” according to a senior White House official. (He also mentioned Singapore, Germany, and France as other countries that benefit from the “unfair system.”) For example, he said, to send a one-pound package from Beijing to New York costs about $2.50; to send it to the same address from San Francisco: at least $10. That hurts the US Postal Service, which has to absorb the difference, and American manufacturers, which end up paying higher domestic and international shipping prices than their foreign competitors, the official said. The cheap rates also encourage the contraband of counterfeit goods and drugs through third-party sellers, he added. The US Post Office identified the uneven rates as an issue before Trump took office. Its inspector general put the losses from incoming international mail at $300 million from 2010 to 2014. The Trump administration has started the process to set its own rates, a setup that the official said already exists for packages heavier than four pounds. The change could be fully implemented in as little as six months. Manufacturers hailed the move as a “big win.” Big win for U.S. manufacturers. President Trump “deserves tremendous credit for the administration’s focus on eliminating the anti-U.S. manufacturer subsidy China receives from the U.S. Postal Service.” https://t.co/jHE8RDoeGR — The NAM (@ShopFloorNAM) October 17, 2018 As with other of Trump’s unilateral actions at international bodies, backing out of the UPU may push others to retaliate, undermining the whole system.

a day ago

We’ll soon co-live in apartments in much the same way we co-work

The United Nations projects that 2.5 billion more people will live in cities by 2050. This will fundamentally change how we live our lives and the structures we live them in. More than 90% of the world’s population is currently concentrated on about 10% of our land surface, and this density is only increasing. The explosion in urban populations will cause price-per-square-footage to skyrocket, prompting urban dwellers to rethink both the size and functionality of their homes. For example, in order to augment smaller home units, we will continue to see a rise in shared spaces. Don’t have enough room to entertain? Imagine renting a dining room for a few hours via a service like Airbnb. This is common practice in many parts of the world, like Morocco, where communal ovens allow many families to have access to facilities no one home could afford alone. What happens when we start treating our homes like domestic co-working spaces? This style of a la carte space leasing follows on from existing trends. We already share our office spaces with strangers, but co-working will soon morph into co-living. Concepts like WeLive, WeWork’s latest venture, will support vibrant but affordable lifestyles as our cities become more dense. It will also push our norms for how much we are willing to share. People who cannot compromise on privacy will have to get accustomed to living in increasingly smaller units, while the rest of us will get more comfortable with sharing. In this way, the importance we place on privacy vs. connection in our homes will be reshaped. Much like the hippie communes of the 1970s, where each person or family has their own private space but shares a kitchen, living room, and outdoor spaces, our future housing landscape will be primed for connection. This couldn’t come at a more important time. Seeking work, more and more people are migrating to urban centers, and our careers are more transient than ever. LinkedIn data shows that young people currently change their job four times by their early 30s, and these job switches often come with a change in location and/or dwelling. This hurts social ties, and it also means we are living increasingly far from our families. Even though more physical walls will be built around us, we’ll also have more opportunities to bring the mental ones down. With so much instability in our locations and increasingly ephemeral vocations, long-term leases and the decision to purchase a home may become archaic and unsupportive. For example, Common, a co-living concept from the founder of General Assembly, allows you to “transfer” your residence between any of their four locations in New York, San Francisco, Chicago, and Washington DC. So if you need to be bi-coastal or you switch jobs every few years, you’ll have the flexibility to have a likewise flexible notion of home. While sharing and downsizing for affordability seem like an inconvenience of rapid urbanization and changing employment opportunities, there are many social positives. Intentionally built co-housing communities that are designed to keep residents connected are already rising in popularity. Forgebank, a co-housing development in the UK, has created multiple collision points for community members so you are more likely to interact with each other every time you leave your house. Thousands of these experiments in reclaiming our human connectivity already exist, and that number will continue to rise, both by choice and as a byproduct of living in cities. The future of home will therefore be flexible, communal, and be made relative affordable through micro-leasing and shared amenities. Even though more physical walls will be built around us, we’ll also have more opportunities to bring the mental ones down. This story is part of What Happens Next, our complete guide to understanding the future. Read more predictions about the Future of Home.

a day ago

The $152 Million Lawsuit over Blockchain Betting Startup Augur is Settled

In April, a blockchain entrepreneur has surprised the space by launching a savage legal attack on his four associates, alleging that all of them committed acts of fraud, breach of contract and trade theft. The allegation resulted in a $152 million lawsuit, the most expensive claim the cryptocurrency space had seen, even until this very date. The plaintiff was Matthew Liston, 26, and the defendants were Jack Peterson, 35, Joseph Charles Krug, 22, and Jeremy Gardner, 2 - all co-founders of a blockchain betting tool Augur at the time of filing - named alongside angel investor Joseph Ball Costello, 64. Liston alleged that he was removed forcibly from the company and the project, was not paid or recognized for his role as co-founder at Augur. He also accused the defendants of freezing his stakes from Augur’s Initial Coin Offering (ICO) which raised $5.3 million. Case Dismissed The very recent court records filed in San Francisco County, California, shows that Liston’s lawsuit was dismissed on October 12. The county has reportedly ordered the management to take the case “off the calendar,” which, in legal terms, means an order of the court to bring a lawsuit, petition or motion off the list of pending cases or actions which are scheduled to be heard. The court decision appears to have come after O Shane Balloun of Balloun Law requested to terminate Liston’s allegations over prejudice. It means that the lawsuit would be dismissed enduringly. In September, on the other hand, another court document revealed that Liston’s lawyers were negotiating an “off-court” deal with the defendants. “...the parties have reached a settlement in principle and are working diligently to finalize a written settlement agreement,” the document read. None of the parties responded to the media queries sent after the document made it to the press. Is Liston Still an Augur C0-Founder? Even though his case stands dismissed, and a private negotiation being underway, Liston still recognizes his role at Augur as its CEO and co-founder on his social media profiles. The company’s official website and whitepaper, meanwhile, do not name Liston anywhere, creating a conflict with what Liston claims. The blockchain entrepreneur nevertheless moved on to taking other key positions in the industry. He offered strategic assistance to Gnosis Limited, a decentralized platform for prediction market, which raised $12 million in funding and shares similarities with Augur. He also worked as a Decentralized Autonomous Strategist at ConsenSys, a blockchain software technology company. Liston is currently working on a project-cum-religion he calls 0xΩ. “It’s a religious framework that could allow for belief sets to update much more quickly and also to democratize the relationship between membership and convergence on what everyone believes in this religion The idea is you can take an existing religion, say Judaism, and you could place the scripture in a blockchain,” said Liston. Image from Shutterstock The post The $152 Million Lawsuit over Blockchain Betting Startup Augur is Settled appeared first on NewsBTC.

a day ago

Pantera Exec: Crypto Market Close to Bottom, Tenfold Increase Possible With Scalability

As Q4 of 2018 dawns on the infant crypto and blockchain world, many outspoken advocates for this industry have done their best to reaffirm that the cryptocurrency values will reverse without a doubt. “Crypto Is Close To The Bottom At This Point” When it comes to industry veterans, Joey Krug, an Augur co-founder turned crypto investor extraordinaire, is arguably one of the most qualified individuals to speak on the current state of the cryptocurrency market — from both fundamental and technological viewpoints. And as such, Bloomberg took some time to catch Krug at the media outlet’s Sooner Than You Think Conference for an insight into how this burgeoning industry is performing. Opening Krug’s segment on-air, the hostess asked the question that has been on the mind of every crypto investor and their dog — “is the cryptocurrency market reaching a bottom?” Responding to the query with hints of a vested interest, Krug, who is now San Francisco-based Pantera Capital’s co-chief investment officer (CIO), noted that if this market is on the cusp of establishing a bottom. While adding that crypto assets still remain range-bound, which is made evident when looking at Bitcoin’s relative inaction, the Pantera executive also mentioned that investors are ready to pounce on a positive catalyst at a moment’s notice. Elaborating on his point, the innovator brought attention to not one, but two catalysts, which are scalable blockchain networks and easy-to-use fiat on-ramps. The latter point is rather straightforward because as it stands right now, not only is it difficult to invest capital into crypto assets, but it is also relatively expensive. For one, fiat-supported crypto platforms, which aren’t even easy to navigate in the eyes of an average Joe, charge you an arm and a leg for the most simple of transactions. Bringing up a specific example, the Pantera CIO called out Coinbase, claiming that the service charges “150 to 400 basis points” for wire transfer transactions, which are fees that may make many think back to traditional systems. Krug alluded to the fact that the relative cost-inefficiency may be a turn-off for prospective cryptocurrency investors, but, with the arrival of platforms such as Bakkt, the investor claimed that this issue may be solved in the “next six to nine months.” He added: “Within the next year, [fees] will be down to 50 basis points from maybe not Coinbase, maybe some upstart, but with solutions like Bakkt and Fidelity Digital Asset Solutions going live, costs are going to be driven down.” Joey Krug: Scalability Of Networks To Spark “10x” Crypto Bull Run While the issues with modern cryptocurrency platforms shouldn’t be disregarded, the Augur co-founder went on to point out that a lack of scalability solutions are directly holding back crypto assets. Although the cryptosphere just began to walk on its own two legs, Krug added that scaling blockchain networks, while difficult, is something that innovators within this industry can accomplish with a dab of elbow grease, grit, and determination. While he was hesitant to state that the Bitcoin mainchain, arguably the pinnacle of crypto evolution, will reach thousands of transactions per second, the industry insider noted that there will eventually be blockchain networks that can surpass today’s centralized fintech ecosystems. Underlining the importance of scalability, Krug stated: “If you look at the internet, it is easy to say, ‘Well, you just create an app, get some users, and then you solve the scalability problems.’ But, here, these are all markets, so if you don’t have scalability, you don’t have market makers and so you don’t have liquidity.” Maintaining this angle, the Pantera executive added that the proper scalability of current blockchain networks will drive the crypto market’s next round of exponential, jaw-dropping growth, which Krug says will boost digital assets values by 10 times. And, with the widespread adoption of the Lightning Network and the Liquid sidechain likely being just months away, there’s a chance that the diehard crypto investors of today won’t need to sit on their hands for too much longer. Featured Image from Shutterstock The post Pantera Exec: Crypto Market Close to Bottom, Tenfold Increase Possible With Scalability appeared first on NewsBTC.

a day ago

As Beto goes on the attack, Cruz laments “loss of civility” in US Senate debate

Beto O’Rourke, the Democratic US Senate candidate from Texas, had kept his campaign remarkably civil, but on Tuesday (Oct. 16) came out swinging against Republican opponent Ted Cruz. “Ted Cruz is for Ted Cruz,” he said during the pair’s televised debate in San Antonio, the second and final face-to-face debate between the candidates before the Nov. 8 election. Meanwhile, Cruz, whose campaign has been posting false claims and running negative ads about O’Rourke, called himself the candidate for hope, not fear. “The personal attacks, the going to the gutter that is so common in politics, I try not to engage in it,” he said. The messages, seemingly devised to rally each candidate’s base, made for a strange juxtaposition for those familiar with the race up to this point. However, absent any major flubs by either of them in the home stretch of the campaign, the candidates’ odds of victory likely remain unchanged. O’Rourke, a Congressman from El Paso, has put the once securely Republican Senate seat at risk. He’s amassed an impressive $38.1 million in just the past quarter, much of it from small donations, and mobilized of an army of giddy volunteers. That makes him the most likely Democrat to win statewide office in Texas in more than two decades, even if he still trails incumbent Cruz in the polls. O’Rourke has been betting on a unifying message designed to bridge the polarized political environment in the state—and around the country. He came to Cruz’s defense when he and his wife were heckled out of a restaurant by protestors. But on Tuesday, he described his opponent as an absentee Senator in the pockets of corporate interests, and so dishonest that the president of the US calls him “Lyin’ Ted.” For his part, Cruz continued to frame O’Rourke as a leftwing extremist who threatens the economic fortunes of Texas. He repeated his claim—which has been debunked—that his opponent is the only Democratic Senate nominee who “has explicitly come out for impeaching president Trump.” Cruz described O’Rourke as “leading the way” in “two years of a partisan circus shutting down the federal government in a witch hunt on the president,” he said. “That’s not good for the state of Texas, it’s not good for our country.” “Really interesting to hear you talk about about a partisan circus after your last six years in the US Senate,” retorted O’Rourke, drawing laughs. Beto supporters also pointed out an apparent contradiction in how Cruz presented himself. “There is a loss of civility. There is a rage on the far left that is really frightening,” Cruz said, before cutting off the debate moderator. “Don’t interrupt me, Jason.”

a day ago

FinTech on the Block is bringing Fintech leaders together to SFO

FinTech on the Block (FTOB) Conference and TokenExpo is a two-day event that assembles the leading Finance, FinTech and Blockchain players as well as private and institutional investors. We are proud to host Sam Cassatt (Chief Strategy Officer at ConsenSys), Jeff Thomas (Vice President of Nasdaq‘s Listing Services), Tim Draper (Founder of Draper Associates), Kaushalya Somasundaram (Head of Fintech Partnerships at HSBC) are among our speakers. The event will take place on November 27-28 at the historic Hibernia Bank building in San Francisco and will bond over 1500 delegates and 80 speakers that make up the foundation of the fintech and blockchain ecosystems. The Forum will feature panel discussions, networking sessions, workshops and a VIP party. There also will be an EXPO with the latest fintech developments. During the two-day event, venture capitalists, leading fintech startups and top-10 banks representatives will be discussing the evolution and future of money, adoption of blockchain in finance, cybersecurity, regulation in the Fintech and Blockchain industries and other emerging trends that are disrupting traditional banking and financial industry. More information on the website. The post FinTech on the Block is bringing Fintech leaders together to SFO appeared first on CryptoPotato.

a day ago

CNBC Cryptotrader Ran Neuner explores whether the markets are heading for a bull run

In his latest video, CNBC’s Cryptotrader Ran Neuner explores a possible catalyst for a bull run. At San Fran Blockchain week there was a new narrative -speculation is no longer the name of the game. Here is our coverage of the week including; Really worth a watch!@VitalikButerin @SatoshiLite @naval @NTmoney @SinhaeLee @ruoyuding @BKBrianKelly https://t.co/GMz5vVVegJ — Ran NeuNer (@cryptomanran) October 16, 2018 This video features interviews with: Charlie Lee, John Burbank, Nick Tomaino, Danny An, Sinhae Lee, Kevin Ding and more. Watch the video below: The post CNBC Cryptotrader Ran Neuner explores whether the markets are heading for a bull run appeared first on Coin Insider.

2 days ago

Tether Set To Lose More Ground As Huobi Lists Four New Stablecoins

Tether and controversy have gone hand in hand over the past year, and other stablecoins are capitalizing on it. Huobi has announced that it will list four new stablecoins, just a day after OKEx announced a similar move. The four, all of whom are pegged to the U.S dollar will be available on Huobi from October 19, the exchange revealed. Tether, which has dominated the stablecoin industry for the longest time, has continued to tumble in the market, with its most recent crash leading Bitcoin to trade at over $7,500 on Bitfinex. Is Tether Losing Its Stranglehold? Huobi announced through a blog post that beginning October 19, it will list the four new stablecoins. The four are TrueUSD (TUSD), the Paxos Standard Token (PAX), the Gemini dollar (GUSD) and USDCoin (USDC). The listing comes just days after Tether was on the spotlight again after it lost close to 5 percent to trade at $0.96, with some exchanges going as low as $0.92 according to data from CoinMarketCap. However, Huobi will continue to support Tether. It will take some time before other stablecoins can catch up with Tether, Huobi Group’s vice president Livio Weng said in a statement. Tether is one of the biggest stablecoins in the market, and realistically it will take some time before other stablecoins can catch up. We currently have no plans to restrict trading, deposits, or withdrawals in regards to Tether. However, in the interest of providing users with more choice, we are also in the process of listing several new stable coins. Interestingly, three of the four stablecoins listed by Huobi were launched in the past one month. Gemini USD was launched by the Winklevoss-owned Gemini exchange, with compliance and transparency being its main selling points. The exchange opened an account with State Street for its US dollar reserves and announced that it would be audited every month by San Francisco-based audit firm, BPM. On the same day that the Gemini dollar was approved by the New York Department of Financial Services, Paxos also had its PAX stablecoin approved. Paxos is the company behind itBit crypto exchange and promised just as much transparency. Circle’s USDC was launched two weeks later and was immediately available for trading on Circle-owned Poloniex exchange. Upon release, more than 30 crypto wallets including the Coinbase Wallet announced support for the stablecoin. The four stablecoins have continued to gain popularity as more traders seek alternatives to Tether, with multiple exchanges announcing support in the past few weeks. As we reported yesterday, the largest bitcoin payment provider Bitpay announced in a press release that it would support settlement in Gemini dollar and Circle’s USD Coin. Despite the recent advancements by the new crop of stablecoins, they are still a long way from dethroning Tether as the king of stablecoins. Tether is currently the second-most traded crypto after Bitcoin and at $2.2 billion, it’s the eighth-most valuable crypto. In the past 24 hours, Tether’s volume stood at $2.8 billion, at least $1.2 billion higher than Ethereum’s. The post Tether Set To Lose More Ground As Huobi Lists Four New Stablecoins appeared first on NullTX.

2 days ago

Dublin is the Clear Choice for Coinbase as Its Second European Office

Crypto exchange Coinbase has announced that it is expanding its European presence into Dublin giving it access to Ireland’s growing crypto economy. In the announcement released today, the San Francisco-based exchange said the move to open a new office in Dublin is part of its wider expansion into Europe. With its headquarters for Europe based ...

2 days ago

Cryptocurrencies Find Political Backers: China Controls Bitcoin, Ripple Has A Fan In Trump

Will the future see crypto-wars between US-backed Ripple and China-dominated Bitcoin? This is not a rhetoric question or pulp fiction. For there is a growing concern in the United States that China has a stranglehold on the world’s biggest crypto - Bitcoin. President Trump wants to counter Shanghai’s iron grip on Bitcoin by nurturing another smaller crypto - Ripple (XRP). There was sufficient evidence of Ripple’s political-correctness earlier in September this year. At the Ripple event in San Francisco, former President, Bill Clinton backed blockchain technology and the adoption of Cryptocurrencies. Meanwhile, Ripple has been drawing attention by its steadily growth in comparison to its peer coins. Significantly, its generically different technology sets it apart from bitcoin’s mining-based supply. The latter is the main cause of worry for the Trump administration. Cory Johnson, Chief of Ripple Lab strategy team, shared in his latest interview that political bigwigs in the US increasingly fear China’s ether and bitcoin mining prowess. According to Ripple’s executive, the fact that XRP’s cannot be mined just like Bitcoin has caught the undivided attention of President Trump. Since it does not involve mining infrastructure it does not create environmental issues either, thus winning further brownie points with the Trump administration. More importantly, overseas governments or outfits cannot control XRP given that the platform on which it is built cannot be manipulated. However, there is the minor issue of Ripple Labs monitoring the supply of ripple into markets and could likely be the major obstacle for the US administrators to back the crypto asset. Ripple Lab controls supply Experts quote that nearly 60% of Ripple supply is handled by Ripple Labs and thus, XRP cannot be regarded as an authentic “Decentralized Ledger Technology” (DLT). Ripple’s differently-enabled technology platform has allowed it develop XRP-specific products which Payment service providers such as Mercury FX and Cuallix, and Catalyst Corporate Credit Union, a cooperative financial firm want to offer their crypto-demanding clients. The Contract with these companies drove prices of XRP up by nearly 100%. Ripple is more practical to use It is already used by one of the world’s largest banking organization, Santander, when it launched the first ever app to overcome “cross-border foreign exchange,” with Ripple Labs expertise. Apart from political backing it appears that most users have had a better experience with Ripple and are recommending it for practical uses. Hence, soon there could be a crypto-divide as China continues to mine more bitcoin, and President Trump back’s Ripple for its practical use case. The post Cryptocurrencies Find Political Backers: China Controls Bitcoin, Ripple Has A Fan In Trump appeared first on ZyCrypto.

2 days ago

India’s PM Unveils Blockchain Center, Could Indicate Policy Shift

In a move that signals India’s growing acceptance of distributed ledger technology (DLT), Prime Minister Narendra Modi announced last week that blockchain, artificial intelligence and drones are three priority areas for a new technology center in Maharashtra, a western province of nearly 125 million that includes the city of Mumbai. “Some people are worried that the advancement of technology will have [a] negative impact on jobs but the reality is otherwise,” said PM Modi at the launch of Maharashtra center, per local report. “Industry 4.0 will touch those aspects which still remain untouched so far. It will change the nature of the job and create new opportunities.” The Reserve Bank of India (RBI), a national financial regulator, has been cracking down on cryptocurrencies and argued before India’s Supreme Court last month that cryptos should not be recognized as legal tender in the country of 1.35 billion. But PM Modi’s enthusiasm for blockchain could portend a lessening of resistance among India’s conservative elites. The Maharashtra center is part of World Economic Forum Centre for the Fourth Industrial Revolution and its local team will collaborate with global experts on new policy approaches that maximize the benefits of blockchain and other innovations. The other three centers are located in San Francisco, Calif., Tokyo and Beijing. RBI’s resistance to cryptos is aimed at stabilizing the nation’s financial system. India ranks 11th globally in terms of all-time Bitcoin (BTC) trading volume at $73 million USD, according to LocalBitcoins. Growing use of Bitcoin and other cryptos reflect their ability to facilitate payments where monetary infrastructure is lacking. In 2016, many Indians lost confidence in the sovereign currency (rupee) when PM Modi ordered the termination of 500 and 1000-rupee notes. The mandate resulted in hours-long lines at ATMs as citizens scrambled to convert their cash. There’s also cash shortage in various regions in India, making economic activity difficult for affected citizens, hence the growing adoption of cryptocurrencies among the tech-savvy crowd. A 2017 study by accounting firm PwC found that 56% of those in financial services in India aim to use blockchain tech and eventually make it part of their core business. Three areas that blockchain will have a big impact are payments, digital identity management and post-trade settlements, according to the study. While financial regulators want the local banking system to reject digital coins and other alternatives to the rupee, officials are looking to blockchain tech as source of new jobs. India is facing mounting pressure from automation tech that could soon leave millions of employees out of work. A December 2017 study by consulting firm McKinsey & Co. concluded that between 200 million to 800 million global workers will be displaced by robotics and automation in just 12 years. Prime Minister Narendra Modi sought to allay those fears in his recent speech, suggesting that blockchain, artificial intelligence and drone tech should be sources of new jobs. “Our diversity, our demographic potential, fast-growing market size and digital infrastructure has potential to make India a global hub for research and implementation.” The author holds digital assets but none mentioned in this article. The post India’s PM Unveils Blockchain Center, Could Indicate Policy Shift appeared first on Crypto Briefing.

2 days ago

Learn to create on the ETC #blockchain #ETCLabs Dev Bootca...

Learn to create on the ETC #blockchain #ETCLabs Dev Bootcamp Launch Next Week Oct 27th at @etclabs San Francisco... https://t.co/z4ZBMmxpoO...

2 days ago

Amid Brexit Uncertainties, Coinbase Announces a New Dublin Office

Coinbase has announced the opening of a new office in Dublin. The decision to move shop to the famed Irish city may be part of a plan to hedge Brexit uncertainty by expanding the company’s presence across Europe. San Francisco-based cryptocurrency exchange Coinbase continues to expand its presence across Europe. October 15th the company said on are opening a new office in Dublin Ireland after considering a number of locales across the European Union. Coinbase is expanding its European presence by opening a new office in Dublin. We look forward to tapping into the city's diverse talent pool and contributing to its burgeoning crypto economy. https://t.co/Hn5fLplJs1 — Coinbase (@coinbase) October 15, 2018 Coinbase made the announcement through a Tweet and a blog post by Vice President of Operations and Technology, Tina Bhatnagar. According to Bhatnagar, the Dublin office will allow Coinbase to “ tap into the city’s diverse talent pool and long-standing support for technological innovation.” Bhatnagar noted that the exchange is currently hiring for roles in the new office. Team members will be complimenting current Coinbase operations in London, and will also play host to new business-related functions. As of press time, the Coinbase careers page lists a handful of open positions located in Dublin. These include opportunities as Support Analyst, Compliance Manager, and Sr. Product Manager. Hedging Bets In A Post-Brexit World? Coinbase U.K. CEO Zeeshan Feroz made a point to say the expansion to Ireland was part of a strategy to “better service our customers.” Feroz told CNBC through a phone interview that the European Union was the company’s “most significant market outside the U.S.” However, some speculate the decision by Coinbase might be part of a plan to offset the ramifications of Brexit by boosting their presence across the European continent. According to CNBC, Feroz thought the uncertainty surrounding Brexit “played some part in the decision.” He explained how the company believes Ireland was a good spot for expansion since it is a growing technological hub, home to a range of talent, and an English speaking nation. Staff Shakeups Continue At Coinbase The decision by Coinbase to open up a Dublin office and seek out some new talent is another sign the company is looking to increase their clout and even shake up personnel if necessary. In early September, Bitcoinist reported that the Coinbase had managed to double their staff while hitting their 2018 hiring target. We're proud to welcome Chris Dodds of the @CharlesSchwab Board of Directors to the @coinbase Board. His deep knowledge of financial services will be an asset as we head into this next chapter for the company and the cryptocurrency industry as a whole. https://t.co/5Kzv4cUeam — Coinbase (@coinbase) October 2, 2018 Earlier in the year, Coinbase opened up an office in Portland, Oregon and hired new workers after coming face to face with a flurry of criticism for not being prepared on the customer service front. More recently, the company announced the departure of Adam White, Coinbase’s fifth employee. Around the same time, Charles Schwab Board of Directors Member Chris Dodds was introduced as the newest member of the Coinbase Board. What do you think about Coinbase’s decision to select Dublin as the location for a new office? Let us know in the comments below! Images and media courtesy of Bitcoinist archives, Twitter (@Coinbase). The post Amid Brexit Uncertainties, Coinbase Announces a New Dublin Office appeared first on Bitcoinist.com.

2 days ago

These real-life cyborgs are changing their brains by enhancing their bodies

Mohsen Minaei doesn’t look much like a cyborg. Yet he’s made a number of alterations to his body that are decidedly non-human. The geophysicist from San Antonio, Texas doesn’t wear a RoboCop-style helmet or shoot lasers from his eyes. Instead, he’s experimented with a magnet in his left hand, to make it easier to pick up paper clips, and a chip in his right arm that gives a constant reading of his temperature. And then there’s the device on his chest, attached with piercings, that vibrates whenever he faces north. It’s called North Sense, and about 300 people around the world have one. Seem a little needless? That’s because it’s not really about facing north, says Liviu Babitz, a fellow body-hacker who invented the chip. Instead, Babitz believes that the tingling feeling that he, Minaei and around 300 others now experience is helping to create new neural pathways in their brains. “So instead of my reality being built from ‘x’ number of elements, now it’s ‘x plus one’ number of elements that I understand reality by,” he says. Researchers have found that new experiences carry on molding our brains, and how they learn, right the way through our lives. “Your brain remains plastic until your death,” says Adrien Peyrache, a neuroscientist at McGill University, who points to a 2011 study of London cab drivers, published in the journal Current Biology. Scientists at University College London followed 79 trainee taxi drivers as they learned “the Knowledge”—the fiendishly tricky task of memorizing 25,000 London streets. As they progressed, the researchers snapped images of their brain structures with an MRI. Those who had committed the atlas to memory eventually had a greater volume of nerve cells in the brain’s hippocampus than they did before. It’s possible this navigational chip could do something similar, Peyrache says. “Perhaps with North Sense you’ll actually become more aware of how you can navigate by yourself without any external help,” he says. “Doing this will be good training for your brain. The more you use your brain very generally, actually, the later neurodegenerative disease will start.” Babitz has been working with London-based researchers to see how his invention might be able to change the brain and its capabilities, including doing tests in which he’s blindfolded, spun around, and asked to return to the point of origin. (He’s getting quite good at it—unlike non-North Sense users, who are apparently “totally useless.”) Minaei’s sense of direction has also improved. When he faces north in his home, he says, he imagines himself facing north in a nearby park or in his office. “They come to my mind altogether,” he says. “It’s exactly like a highlighter for memories. I can remember them stronger and they are all connected.” It’s even changed how he works as a geophysicist, orienting himself in the field without the need for paper or electronic maps. But he’s found another benefit which has nothing to do with direction whatsoever. Minaei has been taking piano lessons—and his keyboard faces north. When he plays certain chords, he says, “I try to move my body so it vibrates. It has added another layer of information to piano playing.”

2 days ago

Huobi shows off upgrade of community crypto exchange HADAX to NEXT

CryptoNinjas As part of leading blockchain company Huobi Group’s first foray to San Francisco’s Blockchain Week last week, Huobi executive Lu Mai introduced Huobi NEXT, the group’s innovative, community-based cryptocurrency exchange, to US investors and thought leaders. Huobi... Huobi shows off upgrade of community crypto exchange HADAX to NEXT...

2 days ago