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$0.0208
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SmartCash News

Decentralizing the Dollar: Crypto-Collateralized Stablecoins

Decentralizing The Dollar is a three-part series on stablecoins, each addressing one of the three key methods postulated for tying a stable cryptocurrency to a fiat currency. In Part One, we examined how TrueUSD might rectify the flaws in Tether; in Part Two we looked at Kowala, and algorithmic stablecoins; and in Part Three we’ll look at crypto-collateralized coins. Keeping track of the different stablecoins is a bit like learning the names and habitats of all the dinosaurs. There are tokens backed by dollars, euros, gold or silver, or even by pure code. There are also different stability systems for each major blockchain, and some have their own chains. There are also stable coins whose value is collateralized by other digital assets. Volatile cryptocurrencies might seem like an odd anchor, but that hasn’t stopped several tokens from stabilizing their value with a combination of crypto-collateral and governance to limit their price movements. Some, like BitShares USD and Maker’s DAI token, can be considered relatively successful at hedging against market volatility. Others, like NuBits, provide a cautionary tale. Maker/ Dai: Volatility Fenced In If you wanted an example of clever programmers innovating away the market’s problems, you couldn’t do much better than MakerDAO, a system of smart contracts which keeps the native DAI token stable. Using a combination of price feeds and clever code, MakerDAO has kept the value of the Dai token reasonably close to a dollar. Each dollar-pegged DAI token represents a loan from a Collateralized Debt Position, a smart contract bank which stores ethers in exchange for Dai. Since each loan requires more collateral than the value of the tokens it issues, Dai hodlers are protected from all but the wildest swings of the crypto market. It’s those wild swings that make things interesting. In order to insure that each DAI is backed by at least a dollar of ether, each CDP is coded to sell off its collateral before its balance reaches zero. But how does a smart contract “know” the value of Ethereum? That’s the role of the MakerDAO, an oracle that maintains the price of Dai through the old-fashioned method of smart contract voting. Dai tokens largely maintained their dollar peg-with some fluctuations. Maker voters can collect fees on Dai trades, but that right comes with a cost. Maker tokens “function as the buyer of last resort,” according to an explainer on Maker’s website. “Should the collateral in the system not be enough to cover the amount of Dai in existence, MKR is created and sold onto the open market in order to raise the additional collateral.” Although it’s not the most intuitive or popular stablecoin, Dai has kept its peg fairly well and is still making progress. MakerDAO has recently announced a partnership that to allow Dai payments on the Ink Protocol, a decentralized payment platform on the Ethereum blockchain. “To achieve mainstream adoption as a method of payment, a cryptocurrency needs to be an effective medium of exchange and store of value,” said Gee-Hwan Chuang, co-founder and chief executive officer of Ink Protocol. “Dai addresses both of these needs flawlessly.” If Dai works, where’s the adoption? That’s an important question, especially as new and more complex stable coins prepare to enter the market. If algorithmically-decentralized stable coins like Basis and Kowala are to make any headway in the crypto market, they’ll have to figure out why Dai isn’t getting traction. Even though the shortcomings of Tether and other centralized tokens are well-known, that may still beat the uncertainty of relying on algorithms for value. “If you’re a business you’re not going to be issuing payments to another business in an algorithmic stablecoin,” explains TrustToken’s Tory Reiss. “It doesn’t make sense, its too much risk. No CFO would want that on their balance sheet. You do want to do it in USD.” Mr. Reiss, whose employers issue the TrueUSD stablecoin, is not an impartial observer, but he raises a salient point. Even if a smart-contract algorithm makes sense “when you think about it,” the fact that it requires thought at all adds an unwelcome element of uncertainty to supposedly stable tokens. “An essential part of the ecosystem” One frequently hears stable coins described as essential parts of the “cryptocurrency ecosystem,” as if they were pollinating bees or moths instead of lines of code. When developers describe software in terms of “ecosystems” they are tacitly acknowledging that crypto-markets share some of the complexity of biological systems. And, as any kid who’s seen Jurassic Park can tell you, living systems (and markets) have inherent instabilities. Centralized stablecoins, like Tether, may not tick all of the boxes of a cypherpunk manifesto, but as long as they have enough actual dollars they should be immune to the doubts that used to drive banks insolvent. Algorithm-backed tokens may be more aesthetically pleasing, and they fo

35 minutes ago

Vechain and a Major Multinational Firm Sign an Agreement in Front of The King and Queen of Norway

Vechain has been well received by large institutional investors and political personalities around the world. A few days ago, His Majesty King Harald V and Her Majesty Queen Sonja of Norway Witnessed the Signing Ceremony of a document named “DNV GL - VeChain Digital Low Carbon Ecosystem” in Beijing. King Harald and Queen Sonja of Norway The new project that was born thanks to this strategic partnership is oriented to promote the fulfillment of the United Nations Millennium Development Goals as priorities to guarantee the sustainability of economic resources and a more eco-friendly world. In Vechain’s official blog, the team explains the importance of the project that seeks to create an “ecosystem of environmentally sustainable technology.” The project is a joint effort between several organizations and involves an undisclosed number of milestones set on China’s Strategic Development Plan. Vechain: A Blockchain for a Better World To create this digital low-carbon ecosystem, the parties involved intend to use the Vechain blockchain as a connecting platform within the IoT philosophy. Smart contracts will be used to calculate the reduction of carbon footprint by individuals and provide recompense in tokens provisionally called “carbon credits.” In Vechain’s official blog, the team explains the importance of the project that seeks to create an “ecosystem of environmentally sustainable technology.” The technology is already at a very advanced stage, and is expected to be released within the next year: The digital low-carbon ecosystem can fully mobilize the enthusiasm of enterprises and individuals to reduce emissions in connection with the United Nations agenda, and promote the high-quality development of real economy. The technology for this ecosystem is already being tested and deployed across ecosystem partners, notably the already-produced electric vehicles from BYD that will go on sale in 2019. Mixed Reactions The community received the news with enthusiasm. Some users commented that this allowed VeChain to have institutional support, while others more skeptical focused mainly on prices. VeChain officially just became institutionalized...that's AMAZING — rogo.js (@rogojs) October 17, 2018 So even the King of Norway can't get the market to budge? The market has spoken on the partnerships: Main-net transactions, or else!! Sunny, when enterprise migration roadmap for #Vechain? pic.twitter.com/PYTasHpY40 — Mike Rogers (@mikerogers121) October 17, 2018 So far there are no further details on the development of the project, but being DNV GL a world-renowned company, it is very likely that any relevant information will come out without delay. The post Vechain and a Major Multinational Firm Sign an Agreement in Front of The King and Queen of Norway appeared first on Ethereum World News.

an hour ago

Circle's Poloniex Exchange Lists Bancor Across the BNT/USDT, BNT/BTC and BNT/ETH Pairs

Poloniex Exchange, which is owned by Goldman Sachs-backed startup Circle, has added another altcoin. Jeremy Allaire’s Circle made the announcement in a blog post, welcoming “Bancor to the Poloniex family.” Trading in BNT will be available across the USDT, BTC and ETH markets beginning Oct. 19. Bancor is a smart contract-fueled “decentralized liquidity network” that runs on the Ethereum network. In addition to its own platform, BNT trades on Binance, HitBTC and other exchanges. The BNT coin has shed 1% in the last 24 hours on volume of $4.2 million. (GT)

an hour ago

OmiseGO Close To Completing Plasma Integration

OmiseGO, one of the most popular projects on the Ethereum network, recently announced important advances in Plasma development and integration. In the monthly Community Update, the OmiseGO team explained that during the last month they made a series of significant advances in the development of applications based on Plasma technology. The project, which the OmiseGO team calls “Tesuji Plasma” would be the first plasma iteration and is of particular relevance since it provides the basis for the building of future iterations. They mention in the post that they have already achieved the successful development of all the elements necessary to meet the objectives set out in their roadmap: Proof of Authority run on OmiseGO servers Exit to Ethereum for final safety CLI (command line interface) to monitor the child chain Multiple currencies (initially this means ETH and ERC-20) Atomic swap support Despite the optimism, the team hinted that the developments are not yet mature enough to be officially implemented, even though every single milestone already has an impressive degree of completion: The first four (PoA, exits, CLI, multiple currencies) are done and on internal testnet. Atomic swaps are a feature, not infrastructure, so although they are among the list of goals they are not a necessity for launch. When the time comes, we’ll go ahead to regardless of whether atomic swaps are ready to go. The OmiseGO development team mentions that to facilitate the work, they divided efforts into two stages: Minimum Viable Plasma (MVP) which is a kind of basic implementation and More Viable Plasma (MoreVP) which is more user-friendly and entails a higher level of elaboration. Another significant development was the successful implementation of a series of libraries that allow the creation of smart contracts on OmiseGO’s Minimum Viable Plasma (MVP) platform. It is expected that all testing will enable the implementation of a more refined library in MoreVP soon. Other announcements were the release of an eWallet, a Plasma Workshop, and several events in which they presented the platform more than anything else in the Asian continent. The post OmiseGO Close To Completing Plasma Integration appeared first on Ethereum World News.

2 hours ago

Relaunched, revamped minerstat is ready to take the lead in enterprise-level crypto mining management

TALLINN, Estonia - Crypto mining powerhouse minerstat is excited to announce its comprehensive relaunch, marking a shift in the company’s offerings. They are now proud to offer enterprise-level specialized services aimed at empowering professional-level mining managers—that is, experienced clients who recognize that crypto mining is fast maturing into a highly-competitive industry that warrants sophisticated tools and support. With a carefully-considered redesign of its web portal and software offerings across the board, minerstat is poised to deliver robust and flexible crypto mining solutions at the enterprise level. New features Crypto mining is a complex and demanding business, and minerstat is proud to offer sophisticated services to streamline, monitor and manage the mining process. With this in mind, the company developed its relaunched platform in close collaboration with mining managers in order to deliver functional and empowering solutions. The centrepiece of the relaunch is minerstat’s complete revamping of its suite of tools, including its online dashboard. The details of the update include: Dashboard: new UI with more functionalities. Linux mining OS: rewritten and adjusted for new dashboard. Windows node: new UI, rewritten, and adjusted for new dashboard. ASIC node for Mac, Windows, Linux, and Raspberry Pi: new UI, rewritten and adjusted for new dashboard. Monitoring software installed direct on ASIC: entirely new approach for those that don’t want to run a node on a separate computer to monitor their ASIC machines. iOS and Android mobile apps: new UI, rewritten, and adjusted for new dashboard. Comprehensive solutions “Crypto mining is hastily maturing to the enterprise level and for managing mining operation you won’t only need a great software, but also a skilled mining manager,” minerstat CEO George K. said. “I believe minerstat will play its role in this transformation.” While minerstat offers basic mining tools such as worker monitoring and managing, remote reboot and restart, detailed statistics, and an alerting system, it also offers a suite of additional features that make the complex daily demands of crypto mining simple, elegant and easier to manage than ever. A few examples: The control room that allows a farm to organize the workers to visually fit the actual establishment and can be used as a heat map. ClockTune for overclocking and undervolting AMD and Nvidia GPUs. Profit switch that works on both direct coin mining and larger multialgo pools, such as NiceHash, Mining Pool Hub, Zpool, Block Masters, Mining Dutch, and Blazepool. Smart triggers to take action as soon as the system detects a problem. Balance monitoring on major exchanges, wallets and pools. Scheduler to override mining settings to mine something different for a selected period of time in the day. This feature can be used as a way to receive a fair mining manager’s fee. Multi-user access for team members and separate accounts for customers that can be overseen by mining managers. White label solutions that are perfect for all cloud mining and colocations/rig hosting businesses. The future of mining Looking ahead, minerstat’s long-term plan is to establish a full-scale mining ecosystem beyond its current platform, with support for a wide range of mining software, pools and data to make mining managers’ job easier and more efficient. With this vision in mind and its comprehensive and sophisticated updates ready for action, minerstat is poised to become the number-one enterprise-level SaaS platform for mining management by January 2019. About minerstat Founded in December 2016, minerstat was the first publicly available system to use fully remote managing techniques while keeping mining rigs secure and safe. They are now on a mission to keep delivering a secure, advanced and reliable software suite for crypto mining management and monitoring, and to retain their position as trusted leaders in the emerging mining industry. Contact: Niki Website: https://minerstat.com Email: niki@minerstat.com The post Relaunched, revamped minerstat is ready to take the lead in enterprise-level crypto mining management appeared first on ZyCrypto.

3 hours ago

Tron TRX Partners With Baidu: Yeah, And Crypto Briefing Partners With Walmart

Just when we thought Tron was starting to grow up and behave like a credible enterprise, Justin Sun turned around and did what he did best. After a week of stoking the embers, the Tron Foundation confirmed rumors that TRX was partnering with China’s largest search engine. An “official tweet” from the Foundation announced that “#TRON is joining forces with Internet service giant Baidu,” and headlines sprouted around the cryptosphere: Confirmed: Baidu and TRON to Cooperate on Cloud Computing Resources (Cointelegraph) News Flash: Tron’s Justin Sun confirms its secret partnership with Chinese Google, Baidu (AMBCrypto) Breaking: Baidu confirmed as TRON’s [TRX] Newest Partner (CryptoCrimson) That’s a pretty formidable announcement, and evidence that the blockchain is starting to appeal to serious business—the sort of thing you’d announce in a joint press release rather than an “official tweet.” Unfortunately, like many aspects of the Tron project, if it sounds too good to be true, then Justin Sun is opening his mouth again. CCN dug a little deeper, and asked the Tron team to translate the Chinese text of the Tweet. The Foundation clarified: Baidu Cloud service is cooperating with Tron’s Wave Field technology in basic cloud business field. Therefore, the Wave Field Tron will be built on Baidu Cloud. Both the parties have not reached any partnership on a business level, but the current partnership will be only focusing on the sale and the purchase of basic cloud computing resources. (our emphasis) In other words, the long-awaited Tron-Baidu axis seems to be a crypto startup renting time on cloud servers. Crypto Briefing has a number of billion-dollar partnerships as well—we’ve teamed up with Shell to increase transportation efficiency, and we’ve also joined forces with Google for enhanced communications via electronic mail. We wouldn’t get anything done without our Starbucks partnership, which provides overpriced refills on coffee and tea. And our partnership with Walmart will see the retail behemoth supplying us with lined notepads and a handy bathroom in case of road trip emergency. The Boy Who Cried Partnerships The frustrating thing about this isn’t the hyperbole—in crypto, we’re used to that by now—but the fact that it makes it harder to take Tron’s real news seriously. Looking past the annoying sales pitch, Tron has delivered a lot of things that do not require embellishment. The acquisition of BitTorrent, for example, might turn seeding files from an act of charity to a closed-loop economy. As Crypto Briefing has already noted, Tron has largely avoided the bugs and governance problems plaguing EOS. Tron’s blockchain is home to ninety smart contracts, and one of them—the gambling game Tronbet—registered 10,000 bets on its first day. That’s nearly twice the volume largest Ethereum gambling dApp, which registers only 5,700 transactions per day. If Sun were to pull a Baidu partnership out of his hat, it would be harder to take it seriously after the way he’s continued to Barnum his way to the front pages, and to the top of the crypto listings. Oh well. Maybe we can give him one last chance... The author is not invested in TRX, but has some tokens from an airdrop. The post Tron TRX Partners With Baidu: Yeah, And Crypto Briefing Partners With Walmart appeared first on Crypto Briefing.

3 hours ago

“Perfect Use”: Canadian Crypto Startup Puts Marijuana On Blockchain

Capitalizing on Canada’s formal legalization of marijuana and weed-related products for recreational use, a fintech company situated in the US’ northern neighbor has revealed plans to track cannabis through a blockchain-based solution. “The Perfect Use For Blockchain Technology” On October 17th, Canada became the western world’s first country to legalize the recreational use of marijuana in a surprising turn of events. Taking to Twitter to announce the news, Justin Trudeau, the forward-thinking 23rd prime minister of the nation, expressed that this drastic change was done in a bid to keep “profits out of the hands of criminals” and to “protect” local youth populations. Profits out of the hands of criminals. Protection for our kids. Today #cannabis is legalized and regulated across Canada. pic.twitter.com/0ZxtohOHG0 — Justin Trudeau (@JustinTrudeau) October 17, 2018 In tandem with the regulatory action, Vancouver-based DMG Blockchain Solutions Inc. issued a press release to reveal that it had commenced development on a blockchain-centric supply chain management system for the cannabis industry. Per the release, DMG, which is advised by Litecoin creator Charlie Lee, explained that it is currently in active discussions with key participants in this budding industry, which has been likened to the crypto market on multiple occasions. More specifically, the startup explained that it, along with its technology and finance collaborators, are looking to ink partnerships with “major licensed producers, quality assurance labs, retail distributors, and government regulators.” Taking into account that blockchain is undoubtedly a global phenomenon, the announcement revealed that DMG intends to onboard a multitude of “significant industry players” in a bid to ensure that its supply chain solution is ready for deployment in Canada and in global marijuana markets. This blockchain-focused solution, which doesn’t have a formal name at the time of press, will include a variety of capabilities, which include: onboarding new market participants, automating the marijuana supply chain through smart contracts, triggering product recall for the safety of consumers, and integrating licensed industry players. While DMG’s plans are ambitious with a doubt, no details were given on the firm’s timeline to test and launch the product. Still, seeing that Canada’s local cannabis industry is expected to swell to a $23 billion valuation, it makes sense that the startup is making moves to announce its plans now. Moreover, considering the reports that indicate that the global marijuana market is likely to eclipse a $500 billion valuation in the near future, DMG’s move to monetize this space early-on is likely to produce mounds of dividends. Speaking at CambridgeHouse’s recent Extraordinary Future conference in Vancouver, CEO Daniel Reitzik, who called the cannabis-related venture “the perfect use for blockchain technology,” noted: “The first use of blockchain was Bitcoin and cryptocurrencies, but, the perfect use of blockchain technologies is actually supply chain management, especially for controlled substances like marijuana. So what we are doing is building a highway; we’re building an infrastructure for an unprecedented use of blockchain to manage the global supply of cannabis.” Reitzik added that this is far more than just a distant ambition, pointing out that its unnamed primary technology partner, which reportedly holds a spot on the Fortune 100, has “three years of extensive experience in the cannabis [and blockchain] space,” which is second only to its pivotal relationships with regulators and firms. Touching on the federal government’s vision of marijuana in Canada, the CEO added that Cannachain, as he dubbed the system, will keep the formerly-illicit good out of the hands of criminals and youth through the transparency that blockchains have become known for. To sum up DMG’s ambitions in one simple statement, as put by Reitzik himself: “So just like there’s one global blockchain that manages Bitcoin, there is going to be one global blockchain that manages cannabis.” Featured Image from Shutterstock The post “Perfect Use”: Canadian Crypto Startup Puts Marijuana On Blockchain appeared first on NewsBTC.

3 hours ago

ICO Launch Malta CEO: Days of Utility ICOs Numbered, Market Shifting Toward STOs (Interview)

In this interview, we meet veteran ICO advisor Jan Sammut, founder and CEO of ICOMalta.com, Malta’s first full stack ICO agency. As one of the most crypto-knowledgeable people in Malta, Jan Sammut’s opinion carries much weight with locals as well as the extended European crypto community. Jan ran Malta’s first ICO and launched Europe’s first MiFID 2 compliant security token offering. Jan is a fixture on the European blockchain conference tour and advisor to ICOs with market caps exceeding $1B. Jan’s expertise was integral to the launch of some of the best performing European ICOs to date with over €1B in raises to date. LBN: For our readers who are not yet aware, what is ICO Launch Malta? JS: ICO Launch Malta is a full stack ICO platform based out of Malta. We offer turnkey solutions for ICOs and STOs, as well as a range of ancillary services such as ICO banking, legal services, and marketing activities. Despite our name, we also operate offices in Gibraltar and have a development hub in Stockholm. LBN: There are other ICO management platforms out there - what makes yours different? JS: A number of things make our ICO management platform stand out. The primary difference is that our platform has been developed entirely in-house. Our development team can deploy custom token protocols that are true cryptographic analogues of traditional financial instruments. Our platform accommodates native support of bank wire token sales. Affiliate and bounty tracking is powered by RefToken. And our platform is decentralized, meaning that it’s infinitely scalable. We can launch an ICO in a week or less should we have the requirement to do so. Our killer feature though is that it has been audited by our partner banks, enabling us to offer fast-track bank account opening services for our clients. LBN: Could you give us a few examples of custom tokens you’ve developed? JS: Sure, these include: Dividend or profit share tokens - this is the staple STO token Post-ICO transfer limitation to create a cryptographic register of shareholders. This prevents the token from becoming a bearer bond or share Vesting periods, which allow holders to retain possession of their tokens, thereby receiving dividends, whilst restricting them to selling no more than a certain percentage a month Non-fungible tokens, these are generally used to denote ownership of fine art, precious metals and other illiquid assets that suffer from poor price discovery and thin markets Fractional ownership tokens for fractionalizing real estate, yachts, and income funds Blockchain bonds LBN: Why did you choose Malta as your base of operations? JS: No real reason, apart from the favorable regulatory and tax regime, pro-business government, access to talent, great climate and lifestyle. The Maltese government is doing an absolutely sterling job in turning the country into the real blockchain island as evidenced by the relocation of industry behemoths such as Binance, ZB and OKeX, amongst others. LBN: In what areas do you think most current ICOs fall short? JS: We screen our clients pretty thoroughly, and the primary reasons we decline clients are: No real requirement for a native token No practical use case for integrating the blockchain Poorly defined vision and market positioning strategy Founders who have no background in the sector they are ostensibly out to disrupt LBN: What services do you offer? JS: Our core offerings are our ICO and STO platform, followed by custom token development, marketing services, and banking and legal solutions. LBN: At a time when banks are downright hostile to crypto-related businesses, how are you able to offer banking services to ICOs? JS: Our ICO platform has bank-level KYC and AML protocols which have been audited by our banking partners. We have gone to the extent of integrating the same identity verification service provider that our lead banking partner uses. This has placed us in the privileged position of being able to offer our clients fast track bank accounts in an EU bank. LBN: Tell us about your ICO platform - what features does it have? JS: The platform is really a gem, and covers everything needed to run an ICO from a technical point of view in a single decentralized codestack. Configuration & minting of an ERC20 token Crowdsale contract creation Full user interface Integrated KYC and AML protocols Creation of a whitelist & integration of the whitelist into a smart contract A robust multi-signature wallet to secure funds raised and tokens allocated to the tokensale Administrator dashboard and backend Bank transfer management LBN: Are there any requirements for a project to launch their ICO through your platform? JS: The hard requirement is a white paper with a legal opinion from a respectable law firm. Apart from that, we have a few soft requirements that revolve around a sense-check of the fitness of the client, the technical viability of the project, the valuation of the project, the raise targets, proposed t

3 hours ago

Tron (TRX) & QTUM Rise on Partnership Announcement while NEO Celebrates 2yr Anniversary with Competitions

Tron rose with the confirmation of using the Baidu cloud computing services while Qtum surged about 9% with “historic partnership” with Amazon Web Services (AWS), and VeChain is working with DNV GL to advance the sustainable development goals of the United Nations. Meanwhile, NEO is up by 6% celebrating its 2nd year anniversary with a number of competitions. Tron to use Baidu cloud computing services Tron Foundation and Tron founder and CEO Justin Sun confirm the partnership with Internet service giant Baidu. However, it is not a partnership per se rather, Tron will be using the cloud computing resources of the Baidu. #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 pic.twitter.com/v39Zm7zMc4 — TRON Foundation (@Tronfoundation) October 18, 2018 Tron is constantly developing and growing as over 90 smart contacts have been already deployed on Tron Network and that too just days after its Tron Virtual Machine (TVM) launch. In another instance, the dapp, TRONbet which is a dice game is a hit as Tron Foundation Tweets, “On the first day of the release, TRONbet was played over 10,000 times.” Meanwhile, TRX is up by about 4 percent at $0.0248 at the time of writing. TRX 24-hours price chart, Source: Coinmarketcap Qtum in a “ground-breaking” partnership with Amazon web services In its “historic partnership” with Amazon Web Services, together “QTUM and AWS will be working toward expanding blockchain service offerings in a move towards establishing Blockchain-as-a-Service (BaaS) through AWS. “ Qtum will be providing a smart contract development platform where with over 5,000 nodes worldwide, the 27th position cryptocurrency is the ideal initial BaaS partner for AWS. Becoming the first free and open-source blockchain to sign with AWS, Miguel Palencia, CIO at Qtum Foundation states: “Qtum’s launch on the AWS marketplace provides an easy-to-use and powerful cloud-based solution for end users and enterprise. Anyone who wants to develop and build dapps on the Qtum platform or use it as a staking node will benefit from this.” With about 8 percent gains, Qtum is trading at $3.98. Qtum 24-hours price chart, Source: Coinmarketcap VeChain partners with DNV GL The signing ceremony of “DNV GL and VeChain Digital Low Carbon Ecosystem” was witnessed by King Harald V and Queen Sonja of Norway recently. The aim of this ecosystem is to use VeChainThor blockchain and IoT devices in order to calculate carbon reduction via smart contracts. The agenda has been to improve the existing efforts of DNV GL in work with the United Nations to advance the sustainable development goals. At $0.0116, VeChain has been in the green. VeChain 24-hours price chart, Source: Coinmarketcap NEO celebrates Mainnet 2 year anniversary At 15th rank, NEO is celebrating the second anniversary of its mainnet launch. The official announcement on the website states, “The NEO MainNet has been running in stable capacity for two years since its release. As an early blockchain project, NEO has spent the past two years improving its core technology, enriching and extending its ecosystem, and expanding the global presence of the NEO community.” The anniversary is marked with a number of competitions viz. Technical Articles Competition, October 17th - December 17th, Community Video Draws, October 17th - October 19th, and NEO Wallpaper Design Competition, October 17th - November 7th. At $17.33, NEO is up by over 6 percent. NEO 24-hours price chart, Source: Coinmarketcap The post Tron (TRX) & QTUM Rise on Partnership Announcement while NEO Celebrates 2yr Anniversary with Competitions appeared first on Coingape.

4 hours 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)

5 hours ago

DataBroker DAO Announces Roadmap Accomplishment, Launches IoT Sensor Data Marketplace

After the last token has been transferred to participants and the dust has settled down, it all comes down to the roadmap and the company’s ability to deliver what they had claimed. The roadmap is both the blueprint and yardstick for measuring the development of businesses entering the blockchain space. It tells the community how far development has come and how soon the service they had contributed to will be available for use. There is a great deal of pressure for blockchain startups to deliver according to the roadmap. IoT sensor data platform DataBroker DAO has weathered one of the most tumultuous periods in blockchain history to announce the launch of its decentralized data monetization marketplace. Built for individuals, industries and organizations, it allows users to buy and sell IoT sensor data from anywhere in the world. One Giant Leap for Blockchain Utility Developed by SettleMint, a startup focused on unleashing the blockchain’s potential for businesses, DataBroker DAO is turning the sunk cost of IoT sensor devices into an exciting revenue stream for owners. Many industries and sectors stand to benefit from the smart marketplace. From vertical scalability and speed for network operators to research data for academics and corporations, DataBroker DAO is positioning itself to lead scientific breakthroughs on the blockchain. Following the close of its extended token sale on June 30th for its native cryptocurrency, DTX, and an initial disappointment of not reaching its sale target of 108 million DTX, DataBroker DAO has set about establishing several key partnerships. It is dialoguing with governments and communities across the globe to positively impact development through leveraging the platform for their needs. Global Reach DataBroker DAO was one of the attendees at the Smart Island World Congress earlier this year. The event hosted international experts and leading authorities discussing challenges encountered by island nations and possible solutions. DataBroker DAO’s IoT sensor-based waste management solution was one of the highlights of the gathering. With its aim at the congress achieved, DataBroker DAO has now set its sights on various expos and events around the world in the coming months. It will be kicking off with Smart City Expo World Congress in Barcelona from November 13th to November 15th, 2018. Barcelona will be playing host to tens of thousands of consumers and businesses and hundreds of innovative speakers and exhibitors as DataBroker DAO presents ways of improving lives through its smart technologies. DataBroker DAO will be at the Flanders Investment and Trade (FIT) booth at the Fira de Barcelona throughout the event. DataBroker DAO will also be increasing its presence in China through a series of roadshows and collaborative meetups. IoT technologies are expected to help grow the Chinese GDP by 20% to 30% by 2020. The IoT market is currently estimated at CNY 500 Billion (USD 80 Billion). DataBroker DAO hopes to be a part of this growth. Visit the DataBroker DAO Official Site - https://databrokerdao.com/ Check out the Whitepaper - https://databrokerdao.com/wp-content/uploads/2018/09/whitepaper_databrokerdao.pdf Chat on Telegram - https://t.me/databrokerdao Follow on Twitter - https://twitter.com/DataBrokerDAO Like on Facebook - https://www.facebook.com/DataBrokerDAO/ Read the Medium - https://medium.com/databrokerdao Follow the development live on GitHub - https://github.com/DataBrokerDAO Check out the SubReddit - https://www.reddit.com/r/DatabrokerDAO/ Follow BitcoinNews.com on Twitter: @bitcoinnewscom Telegram Alerts from BitcoinNews.com: https://t.me/bconews Want to advertise or get published on BitcoinNews.com? - View our Media Kit PDF here. Image Courtesy: The post DataBroker DAO Announces Roadmap Accomplishment, Launches IoT Sensor Data Marketplace appeared first on BitcoinNews.com.

5 hours ago

Trading Bitcoin Cash vs Trading Bitcoin Futures

There are over 200 cryptocurrency exchanges open for business. Traders and investors now have an opportunity to buy and sell Bitcoin 24/7. Essentially, there are two different ways to invest in Bitcoin (BTC). Let’s explore each method. Cash Trading Currently, the most common method of buying and selling Bitcoin (BTC) involves the cash market, also known as the spot market. The vast majority of cryptocurrency exchanges were established to handle cash trading. Buying and selling BTC on the spot market is a very straightforward transaction. Let’s review an example of purchasing Bitcoin as a cash trade. In our example, Jane wants to buy $10,000 worth of Bitcoin. Jane has an account with her favorite cryptocurrency exchange. She places an order to purchase Bitcoin through her account. When Jane executes the order, the BTC price is $6,760. Therefore, the cryptocurrency exchange deposits 1.48 Bitcoins (or whatever the equivalent is at the time) into her account. The transaction is complete and Jane owns 1.48 BTC in return for her $10,000. This is an example of a cash trade in an on the spot market; a very simple transaction. Futures Trading Bitcoin futures trading is designed for aggressive traders who prefer a more speculative transaction with a greater risk/reward ratio. The main players in the Bitcoin futures market at the moment are the Chicago Board Options Exchange (CBOE) introducing the first officially regulated BTC futures contact in December 2017, and BitMEX, who’s been operating in the space since January 2014. However, in December of this year, a new player is coming out on the scene. Digitex Futures will offer Bitcoin, Ethereum, and Litecoin futures contracts with zero commission fees. What’s the significance of zero commission fees in futures trading? Let’s review an example of a Bitcoin futures transaction to find out. A Futures Trading Example In our example, Jane decides to purchase a Bitcoin futures contract through the CME. However, unlike a cash contract, Jane is not required to pay the full value of the futures contract. Instead, Jane is only required to meet the margin requirement of the contract. What is a margin requirement? It’s a “good faith deposit” collected by the exchange to cover a small percentage of the underlying value of the BTC futures contract. Let’s assume the current price of Bitcoin is $6,760. The size of a BTC futures contract with the CME is 5 Bitcoins. Therefore, the total value of the contract is $33,800 (6,760 x 5). The CME margin requirement is equal to 43% of the contract’s value (multiplied by 110%). Consequently, the current margin requirement is $15,987 (33,800 x 43% = 14,534 x 110%). In order to purchase one BTC futures contract, Jane is required to deposit $15,987 in her account. This is known as a “leveraged transaction” because Jane does not have to deposit the full value of the contract. If Jane’s transaction was a cash trade, she would be required to pay 100% of the contract’s value, which is $33,800. However, because the trade was a futures transaction, Jane only needs to deposit $15,987 in her account. Futures Allows for Greater Profit As you can see, purchasing a BTC futures contract allows Jane to leverage her position because she is not required to pay the full value of the BTC contract. In fact, Jane could purchase two Bitcoin futures contracts for less than the value of one cash contract (15,987 x 2 = 31,974). This explains why many cryptocurrency traders prefer to use futures contracts instead of cash contracts. It allows for a greater profit potential. However, leveraged investments like futures trading can be a double-edged sword. In addition to greater profit potential, there is also the risk of excessive losses. The use of futures trading allows crypto traders the opportunity to purchase multiple contracts. At the same time, it also carries a much greater degree of risk. Bitcoin Trading Continues to Grow at a Rapid Pace In terms of volume, Bitcoin has easily exceeded the expectations of even the most optimistic cryptocurrency enthusiasts. These days, it’s not uncommon for traders and investors to buy and sell over 150,000 bitcoins per day (on the spot market). This represents over $1.1 billion in nominal value on a daily basis. In regard to futures trading, daily volume has exploded during the past 12 to 18 months. For example, in mid-2017, BitMEX was handling over $100 million per day in volume. Today, BitMEX often generates over $1 billion in trading volume over the course of 24 hours! Even though the CBOE and CME have offered BTC futures for less than 12 months, both exchanges have enjoyed tremendous increases in daily volume. These days, daily volume approaches 3,000 contracts in comparison to 1,500 contracts throughout Q1 2018. The futures market is on the rise and with more options like Digitex coming out, looks set to only grow faster. A Change on the Futures Horizon The Digitex Futures exchange is scheduled to open lat

5 hours ago

Rwanda Adopts Blockchain Technology to Combat Conflict Mining of Tantalum

The Rwandan Government is partnering with Circulor to track the mining and supply of tantalum using blockchain technology. Tantalum used in the production of capacitors found in electronic products like laptops and mobile phones, is one of the four commonly mined conflict metals. Rwanda is reportedly the largest producer of the metal. Combating Conflict Mining with Blockchain Technology. According to a publication on Circulor’s website, the project is live and will help track the supply of tantalum from mines in Rwanda to final consumers. The CEO of the Rwandan Mining, Petroleum and Gas Board announced the project at a meeting of the country’s mining association. Speaking on the project, the CEO of the mining board who is also a Government Minister said the following: Rwanda Mines, Petroleum and Gas Board today has been introduced to a new and innovative mineral traceability solution using blockchain technology. The initiative is already being implemented by at least one exporter from Rwanda. Using blockchain technology and smart contracts, the Circulor platform will improve transparency in the supply chain, and allow companies to trace the metal even in intermediate processed form. The platform built on Hyperledger Fabric (an open source enterprise solution hosted by the Linux Foundation), will use smart contracts to verify events and transactions. PRG Resources, a mining company ran a test of the system to tag and trace tantalum mined in Rwanda passing through its supply chain. The mining company is now using the platform according to the announcement. Consequently, as the world’s largest producer of Tantalum, Rwanda is using this initiative to secure its place in the global supply chain by complying with international efforts to eliminate conflict mining. Blockchain in the Mining Industry Beyond powering bitcoin and other cryptocurrencies, blockchain has found application in the mining industry. There is an ever-present call to eradicate the supply of conflict mined minerals and metals to the global market. Some companies are relying on decentralized technology as a monitoring system to trace provenance and maintain the supply of legally mined resources. EWN previously reported about EmTech’s blockchain powered supply chain platform that tracks gold, from the mine to a storage facility. The company created a blockchain solution that ensures the supply of ethically mined gold to its clients. However, some blockchain critics maintain that the technology is not infallible since it is reliant on the data fed into it. So, will blockchain live up to its growing hype in the mining industry? Image courtesy of Wikipedia The post Rwanda Adopts Blockchain Technology to Combat Conflict Mining of Tantalum appeared first on Ethereum World News.

6 hours ago

BITTO launches world’s first Crypto exchange with ERC20 Proof of Stake

London, UK, 10/17/2018 With its launch on November 30, BITTO will be the first public cryptocurrency exchange to validate crypto transactions using the Proof of Stake protocol to offer its customers passive income from staking. The current means of validating most cryptocurrency transactions is through mining, or Proof of Work. “Industry dialogue on Proof of Stake (POS) vs. Proof of Work is clear on the advantages of POS,” says Nic Chin, Co-Founder & CEO of BITTO Exchange. “POS is a far more sustainable and cost-efficient approach compared to the computationally-intense Proof of Work that requires enormous electric power and specialist processing.” BITTO is designed to provide customers a secure system for all their cryptocurrency transactions, along with a unique opportunity to acquire a share in the vital infrastructure which underpins the emergent cryptocurrency industry. In less than five years, the variety of cryptocurrencies offered to investors increased from 40 to 1,2732 - a 3,083 per cent increase. “Owning a part of the exchange infrastructure will enable our customers to benefit from this growth without assuming risks of any individual coin,” states Chin. “BITTO customers can earn passive income from staking with only a computer and a Ethereum based cryptocurrency wallet.” The BITTO token is the primary value transfer medium for users in the BITTO community. Tokens can be purchased now at bittoexchange.com to receive pre-launch benefits. Token holders can start to receive passive income from staking as of the September 18th 2018. About BITTO: On the BITTO exchange users can buy, sell or trade any cryptocurrency through a single point of access. The exchange offers a convenient user-centric platform that includes staking, signal trading, a referral program, smart trading, ICO discounted rates, safe security for trading and deposits in local currencies. ### CONTACT: Katrina Naves - support@bitto.tech The post BITTO launches world’s first Crypto exchange with ERC20 Proof of Stake appeared first on ZyCrypto.

6 hours ago

WAY2BIT to release public beta of the BORA ecosystem later this year

Internet content businesses in areas such as gaming, entertainment, and social networks have grown rapidly over the past years. However, due to issues related to information security, privacy, and control, user participation and devotion has started to decline. As a result, content providers are taking an action at their own expense to maintain user loyalty. The BORA ecosystem is a digital content platform based on blockchain technology. It provides an ecosystem for various content businesses to distribute their services and incentivize user participation. It also solves existing issues of reliability and data security by using blockchain to provide platform stability. In order to overcome limitations of the Ethereum network, the BORA ecosystem uses a dual network design that provides a self-developed “BORA Chain” to each service provider. A dual token system uses both BORA Token and BORA Point [tentative name] to provide a flexible and expandable structure which can handle a variety of service environments. For example, BORA tokens can be exchanged for gold and points obtained in-game or used for event prizes and ranking systems. Through the use of BORA development tools, the BORA Toolkit, information such as item issuance, transactions, and attributes can be stored on the BORA Chain. This guarantees the ownership and value of rare in-game items. With BORA Chain and smart contracts, users are provided with transaction convenience and safety which can reduce service fees. In addition, properties of the BORA Chain will be interchangeable with the BORA Service Portal in the future. CEO of WAY2BIT, Song Gyehan joined hands with BORA Network PTE. LTD. CEO, Lee Cindy to establish the BORA ecosystem, a blockchain-based digital content platform. The BORA ecosystem public beta will be released by the end of this year, and the BORA web portal 1.0 will follow in Q2 2019. WAY2BIT was founded in December 2017. CEO Song Gye-Han graduated from Sogang University where he obtained his bachelor’s and master’s degrees in Computer Science. He previously worked for Samsung Electronics as a lead in the server and embedded systems development. Mr. Gye-Han also worked for NHN, Smilegate, and 4:33, and was responsible for the development of several game platform services. The WAY2BIT executive team includes several top IT talents who specialize in platform development, infrastructure design and operation, service development, and game production. For more information about BORA: Website Telegram Twitter Medium Facebook Email The post WAY2BIT to release public beta of the BORA ecosystem later this year appeared first on AMBCrypto.

7 hours ago

Amazon Web Services Partners Up with Qtum in China

Recent news of a possible partnership between TRON and Chinese giant Baidu demonstrated the excitement that was produced by sheer rumors of such a move. While this partnership remains only a speculation at this point, another project recently announced a confirmed partnership with an equally as large company. The new partnership announcement came from Qtum (QTUM), a smart contracts-focused blockchain that employs PoS. Qtum has partnered up with a Chinese division of a well-known multinational corporation, Amazon Web Service (AWS). The announcement brought new excitement to the digital currency industry, as it announced that the two entities will be joining in order to expand the BaaS offerings of the hosting service. What this means is that Qtum, as a platform for smart contract and dApp creation, will now be deployed via one of the largest cloud providers in the world of business software. Through the use of AMI (Amazon Machine Image) which features Qtum core, users will be capable of creating and deploying their own dApps and smart contracts. Apart from utilizing AMI, the new solution will also include Solidity, as well as Gmix web IDE, all of which will be employed for the process of creating and operating smart contracts. Qtum itself will benefit from the partnership by gaining access to Amazon’s technology, business, marketing, and even sales resources. As for the developers themselves, they will be able to code, launch, and manage smart contracts in a quick, efficient, and cost-effective way. Partnership Places Qtum Under a Spotlight Patrick Dai, the co-founder of Qtum, commented on this partnership by saying that Qtum is among the most decentralized entities on the web. Considering that AWS is among the largest cloud providers around the world, the two firms are a perfect match. Additionally, Dai believes that both, the companies and users, will benefit from this partnership, as smart contracts and dApps will be available for everyone. In addition to making the process simple and cost-effective, Qtum AMI image will be completely free to use. AWS customers will not be charged any additional cost, and they will not have to purchase QTUM coins. Furthermore, a TestNet will be deployed for users to simulate a public blockchain and test their products. Anyone wishing to start working on the blockchain will be capable of running a Qtum node which will have Qtum pre-installed. Thanks to this partnership, as well as the general amount of progress that Qtum has made recently, this project received a lot of attention. Qtum is currently ranked as 27th on CoinMarketCap’s list of largest coins, with a price of $3.90 at the time of writing, and a 6.5% increase in the last 24 hours. This is a significant development which will likely bring even more attention to Qtum, as the project manages to grow in a highly sensitive and unsure market. Many in the cryptocurrency community are already calling this partnership “historic”, as it represents a large and significant move forward for the entire cryptocurrency/blockchain industry. Image from Shutterstock The post Amazon Web Services Partners Up with Qtum in China appeared first on NewsBTC.

8 hours ago

Qtum (QTUM) Announces Partnership with Amazon Web Services, Posts a Strong 5.25% Gain

According to a report, a famous 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 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. Qtum would now be able to access Amazon's business, marketing, sales, and technical resources. Following the partnership announcement, Qtum price surged by 5.25%. (VK)

10 hours ago

Qtum Joins Amazon Web Services for a New Blockchain Solution for Developers and Businesses

Singapore based decentralized application Qtum has partnered with Amazon Web Services (AWS), Amazon’s cloud computing division in China. The partnership is a result of long discussions that started in July, when Qtum’s Amazon Machine Image (AMI) was listed on the Amazon Web services marketplace. I just published QTUM Announces a Historic Partnership with Amazon Web Services https://t.co/JI8jD2wP4R — QtumOfficial (@QtumOfficial) October 18, 2018 Simon Wang, head of territory business development at AWS China, confirmed the partnership: “Qtum is now an AWS technology partner and one of the partner network members.” The collaboration of the companies is aimed at developing blockchain-as-a-service (BaaS) solutions for developers and businesses. According to Qtum, AWS users will be able to develop and launch smart contracts “quickly, efficiently, and cost-effectively” using an Amazon Machine Image (AMI). Furthermore, Qtum and AWS will work together to get feedback from customers about the use cases that are in demand and provide guidance to those who do not have much software development resources themselves. Miguel Palencia, Qtum’s chief information officer, said: “We are going to work together [with Amazon] to contact different customers and clients. We’re looking into use cases, and the best way to do it is to have a contact with companies who have those use cases. Some clients have their own ideas and their own developers, and some of them want more support from us, want to talk to us directly.” The partnership will make blockchain software development simpler and more accessible for corporate clients. About Qtum Qtum is a decentralized and open-source smart contracts platform and value transfer protocol based in China. Qtum incorporates the best parts of both Bitcoin and Ethereum and connects the existing blockchain with a virtual machine. Launched in 2017, Qtum employs a proof of stake consensus protocol that allows anyone with as little as one qtum to help secure the network and enables developers to build applications and smart contracts on the current blockchain technology. Qtum Co-Founder Patrick Dai said: “Qtum is one of the most decentralized entities on the internet and AWS is one of the largest cloud providers in the world. It is a perfect combination for users and the enterprise. We look forward to continue making Qtum’s smart contract and Dapp technology available for what is arguably its most in-demand market, the enterprise.” Last January, Qtum raised $1 million from such prominent investors as Anthony Di Iorio, OKCoin CEO Star Xu, BitFund founder Xiaolai Li and Fenbushi partner Bo Shen. At that time, the company also partnered with Beijing-based company 360 Finance to set up a blockchain lab. Recently, Qtum released its x86 virtual machine that would propel its value proposition over Ethereum by welcoming developers who code in any language. Next year, Qtum is planning to launch QtumX, in order to help major corporations take advantage of optimized smart contract automation and effectively welcome the “mainstream” to blockchain. The post Qtum Joins Amazon Web Services for a New Blockchain Solution for Developers and Businesses appeared first on CoinSpeaker.

10 hours ago

NEO Price Notes Strong Momentum to Strengthen Support at $17

In the world of altcoin trading, there isn’t too much to get excited about these days. After all, most of the top 20 currencies are in the red right now with little improvement in sight. NEO is still trying to note some sort of uptrend, although sustaining a value of over $17 will be quite challenging. NEO Price Surpasses $17 It is always interesting to see how things evolve in the world of altcoins. A lot of people flock to Bitcoin first and foremost, yet the world’s leading cryptocurrency has been a bit of a letdown throughout 2018. Some altcoins try to benefit from this stagnating price momentum, and NEO is seemingly reaping the rewards at this time. Over the past 24 hours, the NEO price has surpassed $17 again. It is not the first time this happens this year, although any uptrend to remain above that value has been pushed down fairly quickly. It remains to be seen if this latest push will yield any results, although the current trend looks promising. A 3.5% increase in USD value and a 4% gain over Bitcoin are quite telling. Looking at the social media activity pertaining to NEO, it is evident some interesting things are happening. A NEO technical article competition is being organized as of right now. This venture runs between now and December 19th. The best articles will receive a financial compensation to be paid in NEO, which makes for an interesting opportunity. More technical articles will help raise awareness about NEO in the long run, which can only be considered to be a good thing. Call for #NEO Technical Articles!!!We are running a competition to encourage participants to share their experiences and knowledge focusing on the technical aspects of #NEO #Blockchain. Submission is open until Dec.17! Find more detail here: https://t.co/CLiBcPX1Qn pic.twitter.com/abv4XzMN4i — NEO Smart Economy (@NEO_Blockchain) October 18, 2018 Interestingly enough, not everyone thinks the NEO price will continue to move up. DaVinci, for example, sees an ascending triangle forming for NEO, which could effectively cause the market to see a pretty steep correction later this week. For the time being, the support seems to hold its own quite well, although a dip below $17 can be quite problematic. Ascending triangle on #neo Havent opened any trade though.. waiting for grey line to break, so bears can take over.. pic.twitter.com/kyvCHg35fl — DaVinci (@crypto_DaVinci) October 18, 2018 One interesting announcement has been made regarding an upcoming NEO fork. Known as Neo Super Fork, a clone of NEO will be created, and an airdrop will occur for all existing token holders. Users will receive the newly created NEOX token for every NEO they hold in their wallet at the same of the snapshot. That fork will occur on November 10th, which gives NEO owners something to look forward to. $neo fork le 10 novembre. Projet non affilié à #neo. Distribution à 2:1. Voyons voir comment les choses evoluent ! pic.twitter.com/EA1YuIhjep — CryptoFrenchy (@FrenchyCrypto) October 18, 2018 Based on the current circumstances, it will be interesting to see how the NEO price evolves in the near future. There is a pretty strong uptrend brewing, although key support levels can still be broken with some ease. Its overall trading volume of $206m shows there is sufficient interest in this altcoin right now, albeit things can always turn around when people least expect it. The post NEO Price Notes Strong Momentum to Strengthen Support at $17 appeared first on NullTX.

10 hours ago

Qtum Becomes Amazon Web Services’ Technology Partner and Partner Network Member

Singapore based decentralized application Qtum has partnered with Amazon Web Services (AWS), Amazon’s cloud computing division in China. The partnership is a result of long discussions that started in July, when Qtum’s Amazon Machine Image (AMI) was listed on the Amazon Web services marketplace. I just published QTUM Announces a Historic Partnership with Amazon Web Services https://t.co/JI8jD2wP4R — QtumOfficial (@QtumOfficial) October 18, 2018 Simon Wang, head of territory business development at AWS China, confirmed the partnership: “Qtum is now an AWS technology partner and one of the partner network members.” The collaboration of the companies is aimed at developing blockchain-as-a-service (BaaS) solutions for developers and businesses. According to Qtum, AWS users will be able to develop and launch smart contracts “quickly, efficiently, and cost-effectively” using an Amazon Machine Image (AMI). Furthermore, Qtum and AWS will work together to get feedback from customers about the use cases that are in demand and provide guidance to those who do not have much software development resources themselves. Miguel Palencia, Qtum’s chief information officer, said: “We are going to work together [with Amazon] to contact different customers and clients. We’re looking into use cases, and the best way to do it is to have a contact with companies who have those use cases. Some clients have their own ideas and their own developers, and some of them want more support from us, want to talk to us directly.” The partnership will make blockchain software development simpler and more accessible for corporate clients. About Qtum Qtum is a decentralized and open-source smart contracts platform and value transfer protocol based in China. Qtum incorporates the best parts of both Bitcoin and Ethereum and connects the existing blockchain with a virtual machine. Launched in 2017, Qtum employs a proof of stake consensus protocol that allows anyone with as little as one qtum to help secure the network and enables developers to build applications and smart contracts on the current blockchain technology. Qtum Co-Founder Patrick Dai said: “Qtum is one of the most decentralized entities on the internet and AWS is one of the largest cloud providers in the world. It is a perfect combination for users and the enterprise. We look forward to continue making Qtum’s smart contract and Dapp technology available for what is arguably its most in-demand market, the enterprise.” Last January, Qtum raised $1 million from such prominent investors as Anthony Di Iorio, OKCoin CEO Star Xu, BitFund founder Xiaolai Li and Fenbushi partner Bo Shen. At that time, the company also partnered with Beijing-based company 360 Finance to set up a blockchain lab. Recently, Qtum released its x86 virtual machine that would propel its value proposition over Ethereum by welcoming developers who code in any language. Next year, Qtum is planning to launch QtumX, in order to help major corporations take advantage of optimized smart contract automation and effectively welcome the “mainstream” to blockchain. The post Qtum Becomes Amazon Web Services’ Technology Partner and Partner Network Member 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

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

Qtum (QTUM) Enters “Historic Partnership” With Amazon Web Services, Surges 5%

Qtum Enters “Historic Partnership” In the nascent cryptocurrency market, partnerships are near-essential, as a budding relationship with parties inside and outside of this industry bolsters the adoption, efficiency, and security of crypto assets and blockchain solutions. The community surrounding this industry was recently floored, as Justin Sun of the Tron (TRX) project expressed his excitement that his brainchild was partnering with an “industry giant” that was valued at tens of billions of U.S. dollars. Speculation regarding the apparent strategic deal rapidly circulated through social media channels, with many crypto investors hoping for the best. However, as reported by Ethereum World News, this announcement was rather overhyped, as a report from ODaily, translated and relayed by CNLedger, divulged that the partnership was nothing more than Tron purchasing cloud computing power from Baidu. Now, however, Qtum, a popular PoS-based smart contract blockchain, has revealed that it has legitimately partnered with a multinational corporation. According to a press release from the blockchain-focused startup, it has officially partnered with Amazon Web Service’s (AWS) China division in a “ground-breaking” occurrence. Per the announcement, the startup and AWS will be joining hands to expand the hosting service’s blockchain-as-a-service (BaaS) offerings, with a focus obviously being taken on QTUM’s in-house protocols and services. This working relationship will reportedly see the two firms “create bases” for enterprise-grade blockchain solutions, a service that corporations have been clamoring for. One such service will be a smart contract development platform that is situated on AWS, which will allow developers and users to “quickly, efficiently, and cost-effectively” code, launch, and manage smart contract systems. This ground-breaking solution will utilize an Amazon Machine Image (AMI), coupled with the startup’s core software, Solidity, and Gmix web IDE, which are all integral in the process of operating blockchain-based contracts. Qtum, now a bona fide Amazon Technology Partner, will now gain access to Amazon’s business, technical, marketing, and sales resources, which is a positive sign for the blockchain project, to say the least. Issuing a comment to CoinDesk confirming the business relationship, Simon Wang, an executive at AWS China, wrote: Qtum are now an AWS technology partner and one of the partner network members. Surprisingly, as noted by John Scianna, Qtum’s marketing director, this partnership was a long time coming, as Qtum’s AMI has been reportedly listed on AWS’ global marketplace since July, which sparked a discussion between the hosting service subsidiary of Amazon, one of the largest internet giants on Earth, and the startup. As put by Qtum, this is the first time that a “free and open-source blockchain” has inked a deal with AWS, which is an “exciting and valuable contribution for enterprise and individual blockchain end users alike.” QTUM Defies Mixed Bag Market, Surges 5% As a result of this self-proclaimed “historic partnership,” the popular altcoin has posted a strong 5.25% gain amid an otherwise unsure, wary market. According to CoinMarketCap, the asset is up to $3.88 a pop, with this gain likely being aided by a staggering $222 million in volume in the past 24 hours. Seeing that the crypto asset has seen a 97% sell-off since its peak in January 2018, this move to potentially spark a recovery was evidently welcomed by QTUM investors. However, the total market capitalization of the crypto is still a staggering $344 million, with this figure only alluding to the fact that QTUM is still a force to be reckoned with, even amid questionable, tumultuous market conditions. Photo by Christian Wiediger on Unsplash The post Qtum (QTUM) Enters “Historic Partnership” With Amazon Web Services, Surges 5% appeared first on Ethereum World News.

13 hours ago

Cryptocurrency exchanges should work together to deter hacking attacks, says CEO of Hosho Group

In order to deter the ever-increasing hacking attacks on their systems, cryptocurrency exchange platforms should deploy security protocols in coordination, opined Yo Sub Kwon, the CEO of Hosho Group, a smart contract auditing, and security firm. Speaking at Bloomberg’s Sooner Than You Think event, Kwon said that most fraudsters, more often than not, funnel the funds stolen to other exchanges as a security measure. As the security measures and protocols of exchanges are different and exclusive, they essentially ‘help’ the hackers, he said. Kwon further explained: “The only way to counter this is to ensure that they work together and are aware of the security protocols. They should come up with a system that alerts any sudden huge deposits so that in case of a hack, the transaction can be tracked back.” The CEO added that most attacks are fairly simple and do not involve any major technological element. Therefore, it is easy to secure the transactions if the exchanges work in tandem. Reciprocating Kwon’s view, Stacy Scott, managing director of cyber security and investigations at Kroll, said that it is an ideal solution to the problem. According to her, most hacking attacks are untraceable because of the technology involved. She said: “Most hackers communicate through channels facilitated by exchanges or through social media. To track the perpetuators, the investigation team has to search through the trails left behind by the communication channels.” Apart from working together, exchanges should educate users about the dangers involved, Scott said. Kara Coppa, BLAKFX co-founder and COO, said that security in itself revolves around integrity, cooperation, and authentication. These parameters can be further strengthened if the exchanges work together and users will have a much secure environment, she added. The post Cryptocurrency exchanges should work together to deter hacking attacks, says CEO of Hosho Group appeared first on AMBCrypto.

14 hours ago

Inefficient e-Ticketing Industry? Not anymore - Welcome UTIX

There are a lot of glitches that the event organizers face with various e-ticketing platforms. There are so many people who purchase bulk tickets from the event organizers (this is termed as primary market) and then sell them on other platforms on high prices (this is secondary market). There are so many fraud cases in this scenario and many people are found scammed in this secondary market. The e-ticketing platform has become inefficient due to these fraudsters and some other problems. There are certain situations where the artists of an event directly involved in selling the tickets to avoid such frauds. Some of the main problems that are faced in this industry are: No control over the secondary market Abnormal hike of ticket prices depending upon the craze of the performing artist Artists taking control of the ticket distribution Fraud cases Bots restricting the market distribution. UTIX has brought in a solution for all the problems that the event organizers and people are facing with this e-Ticketing industry. UTIX is an online platform that offers decentralized event hosting and e-Ticketing. The smart contracts are used in this platform which will eventually provide the control on the ticket distribution for the event organizers and the users won’t be scammed in the process. The protocol that has been used in UTIX will eliminate any possibility of the counterfeit tickets being sold. The protocol will ensure that the secondary market pricing is controlled, and the event organizers get maximum benefit of the event without any fuss. The protocol that is used on UTIX is different when compared to the other blockchain based platforms. It is completely free for the event organizers whereas the other platforms charge for the service. the blockchain is built on Ethereum platform which allows practical use of the smart contracts. These smart contracts will be able to facilitate transfers between the event organizers, users, secondary ticket purchasers and UTIX reserve fund (RF). The usage of the platform is very easy. The platform is designed to eliminate all the complications involved in the e-Ticketing industry hence it is designed in a user-friendly way. The users can sign up on the UTIX platform either in the form of event organizers or users. As they sign up on the platform a token wallet is generated automatically for each user separately. The users should provide email address, phone number and an ID proof too which will be essential while allowing the users into the event. UTIX platform has a reserve fund that holds the number of tokens that are to be distributed and redeemed. The smart contracts are established when an event organizer decides to host an event. The tickets are distributed to the users who want to purchase them. These tickets are stored in the form of tokens in the wallets of users and after the completion of the event these tokens are moved to reserve fund. The token volume will be managed in the reserve fund. These smart contracts will help in controlling the secondary market control. Event organizers will set a maximum resale value and the secondary market sellers should sell the tickets for that price only. The users should sell the tickets on the platform itself and for the price that has been dictated by the users. The smart contracts will help the organizers in this process. The users will be able to resell the tickets in two methods: Ticket exchange- one user can send the ticket to other user and the main thing here is both users must be registered on the platform and should have their identities verified. Ticket Re-listing- The users can list their tickets on the same platform. The smart contracts provide ticket re-listing facility for the users UTIX is one such platform which can eliminate most of the glitches present in the e-Ticketing industry. The post Inefficient e-Ticketing Industry? Not anymore - Welcome UTIX appeared first on CoinSpeaker.

18 hours ago

IOTA to power biometric system which verifies users’ identity using palm veins

IOTA foundation recently announced that it is planning to power a biometric authentication system that will use users’ palm vein pattern to authenticate their identity. The proposed system will use an open source digital ledger of technology called Tangle, developed by IOTA. The new system will be called IAMPASS Proof of Concept. The system creates a distinctive and verifiable identity for each user after scanning their palm vein pattern. This helps each individual to enable audit trails for accessing high-security platforms, secure identification and asset management. The system can also work in coordination with permissioned facilities, including “smart car charging platforms”. Once the system is implemented, consumers will be able to manage their accounts, control their data and thwart identity theft by using the foundation’s biometric identifier. The proposed system will use an open source digital ledger of technology called Tangle, developed by IOTA. | Source: Twitter Dominick Schiener, the co-founder of IOTA foundation, said that the system was made to tackle some of the biggest problems affecting the cryptocurrency space, including identity theft, and effective authentication methods. He said: “This is why we are excited about IAMPASS Proof of Concept, which uses the IOTA permission-less distributed ledger to make identity not only portable, but also give users assess and ownership over their own data. With the maturation of identity solutions like these, we will see the IOTA ecosystem providing a key technical puzzle piece for the adoption of distributed ledgers.” Toan Nguyen, the director of business development and cloud platform, said that Tangle’s unique design helps firms amalgamate digital identity security and personal data. He added that it is crucial for the cryptocurrency space as both the entities are crucially intertwined. He said: “Together, we expect the IOTA ecosystem and IAMPASS to help drive the next phase of digital identity management for high secure environments like data centers and in the smart city.” IOTA has been very active in developing identity solutions for a plethora of clientele. IAMPASS is the newest addition to their pool of products. The post IOTA to power biometric system which verifies users’ identity using palm veins appeared first on AMBCrypto.

21 hours ago

Battle Of The DEX: One EOS Decentralized Exchange Records More Volume Than All ETH Exchanges

Data shows that one EOS decentralized exchange is trading more volume than every ETH decentralized exchange combined. Decentralized exchanges are exchanges built on a smart contract that don’t hold custody of the assets being traded....

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

Viuly Blockchain Project to Launch New VIU Token Smart Contract Address on November 1, 2018

Viuly, Blockchain video sharing platform has reported that it will change the smart contract address for its VIU token, to give the network a more reasonable account of the number of tokens available for use and dispose of any staying dead tokens. Back in December 2017, the blockchain video sharing platform, Viuly made a remarkable fit for sharing on an ICO to offer their locale one of the biggest at any point recorded Ethereum blockchain airdrops. The circulation occurred in December 2017, amid which 500,000,000 VIU tokens were airdropped to more than 900,000 Ethereum wallets. The Airdrop was a part of Viuly’s showcasing effort, which pulled in an expansive number of new clients, who effectively on-boarded on Viuly while raising the VIU token to an initial position among other ETH20 tokens as far as activities tally. In spite of the achievement of the airdrop, an extensive piece of dispersed tokens was never utilized by latent wallet proprietors, (because of lost private keys and different components) and perhaps never be recovered. Subsequently, VIU token measurements, are conflicting, best case scenario. This situation gives out the wrong impression to planned new interests, dealers, trades and the crypto network. New Viuly Smart Contract Address Coming November 1st, 2018 In a bid to remove dead tokens from circulation, Viuly has decided to change the smart contract address for the VIU token. SWAP on Viuly.io is an official page where all VIU token holders can exchange their tokens to a new token. As from on the 1st November 2018, Previous VIU tokens will be terminated. Amidst this, the new token will perform the same task and functions as the original VIU token. Viuly is certain that this change will be extremely advantageous for the market all in all, and urge every single token holder to trade their tokens previously the due date. More information can be found on their official site. New smart contract Follow the link below for more information on the new smart contract: https://etherscan.io/token/0x464baddce9bd32581a7d59d9bb8350c7c7764668?a=0x7c87b4cb5be60a427c2a65494b888df78bbf760a The following are the step-by-step procedures on how to change your tokens that are not held in yourviuly.io platform wallet: Link your external wallet to Metamask. Go to https://app.viuly.io Proceed to the ‘Make Allowance’ button and Input the total amount of VIU tokens you want to change to a new smart contract VIU token Input an Ethereum wallet address where you want to receive your new VIU tokens. Then click ‘Swap’ button. Done! You are now a proud owner of the new version of a VIU token! NOTE: Tokens held on Viuly.io will be automatically changed to the new version on 1st of November 2018, and tokens that are kept outside of Viuly.io must be changed as per instruction above. Learn more about Viuly’s Platform - https://Viuly.io/ Follow Viuly on Twitter - https://twitter.com/ViulyOfficial Follow Viuly on Facebook - https://www.facebook.com/viuly/ Learn more about Viuly on Medium - https://medium.com/@Viuly VIULY participants in HK trip Igor Glavatskiy - https://www.linkedin.com/in/igorglavatskiy/ Zahid Ali - https://www.linkedin.com/in/zahid-ali-9b899a40 Andrei Druta - https://www.linkedin.com/in/andrei-druta-8195067a Contact Email: support@viuly.io The post Viuly Blockchain Project to Launch New VIU Token Smart Contract Address on November 1, 2018 appeared first on ZyCrypto.

a day ago

Canadian Blockchain Company Sees Opportunity in Newly Legalized Cannabis

Like Walmart with pork from China and Maersk with shipping containers, DMG Blockchain Solutions (DMG) is hoping to be the first global supply chain company to manage cannabis products on the blockchain, initially in Canada — and then around the world.Canada’s legalization of cannabis came into effect today on October 17, 2018, and Vancouver-based DMG Blockchain Solutions is poised to launch its platform built on the Hyperledger permissioned blockchain to provide what it calls “legal and safe” marijuana.DMG Blockchain Solutions CEO Dan Reitzik told Bitcoin Magazine in an interview:“The legal cannabis industry is brand new and, as such, producers, distributors, retailers and regulators are waiting for a solution and don't have years of experience with existing technology.”In an effort to ensure that individual information and privacy will be protected, DMG is using the Hyperledger permissioned blockchain in conjunction with its own proprietary technology.“This is one of the reasons we have partnered with a globally known, respected and trusted technology partner, as they have the experience integrating platforms with existing systems and software,” said Reitzik.Medical marijuana has been legal in Canada for medical purposes since 2011, and, to this end, existing cannabis regulation calls for tight licensing and compliance measures. As pot goes recreational in the country, DMG’s solutions will leverage blockchain technology to enforce and streamline these processes.This mainly involves verifying and tracking products — anything from cannabis, including edibles, oils and other derivatives — using a combination of the blockchain’s immutable distributed ledger and monitoring hardware. Keeping tabs on the flow of products with more certainty than existing systems will make it easier for companies to demonstrate that they’re falling in line with regulatory mandates, as federal departments responsible for regulating and taxing cannabis will have access to the DMG platform.“[Companies] have been approved by the Canadian Government to cultivate and sell product, and our intention is to have ALL industry participants on this blockchain ... [the government] will want assurances that product is from legal sources (elimination of black market) and that the products are safe for consumers. This is why all stakeholders will want to participate on our blockchain — to access these markets,” Reitzik said.Canada: Fertile Market for Growing Cannabis DemandAccording to DMG, cannabis represents a $23 billion industry in Canada alone. Some reports estimate that the global cannabis market could exceed $500 billion.“Canada is being positioned to be the global supplier of cannabis, and our blockchain platform can help enable this by way of product traceability for rapid recalls, ensuring a legal source of product, and enhancing product safety, as well as facilitating and automating legal and taxation compliance,” DMG noted in a public statement.“Canada has set up a network of more than 100 Licensed Producers (LPs), some of which have market caps in excess of $5 billion,” claimed Reitzik.DMG is currently in discussions with cannabis industry players, including major licensed producers, quality assurance labs, retail distributors and government regulators.The Blockchain PrescriptionDMG’s goal is to have a global platform that will provide immediate product traceability, as well as the ability to automate transactions and information flow among licensed producers, licensed distributors, regulators, retailers, shippers, and reporting and auditing systems.To DMG, there are many clearcut benefits to using a permissioned blockchain to manage cannabis logistics. It can integrate the licensed accreditation of producers, distributors, retailers, shippers, as well as manage reporting and auditing systems. For an industry that is still federally illegal in the neighboring U.S., such rigid control mechanisms are essential to keeping product flow within regulatory confines and preventing it from illegally jumping across the border.Within the supply chain itself, smart contracts will detect events such as defective products and product recalls, which will allow distributors and retailers to react to issues in real time.For all other operations, interfaces are being developed between the blockchain and traditional systems to facilitate faster and more efficient information flow. The same systems will ensure that employee and client onboarding is frictionless and fast and that cooperation between industry entities is painless and efficient. “This global blockchain initiative is a collaboration among industry stakeholders and is being tailored to meet industry players’ specific requirements. DMG intends to onboard significant industry participants as it launches its cannabis supply chain solution,” said Reitzik.“This project is not simply DMG building a platform, it is a collaboration between many industry participants. Just as there's one global bl

a day ago

IAMPASS Biometric Palm Vein Authentication to Be Powered by IOTA Tangle

The IOTA Foundation has struck a new partnership that will enhance its Smart City initiative. Its open-source Tangle technology will now be used to power a biometric authentication system that will use a person’s palm vein pattern to establish a digital identity. IAMPASS will make use of IOTA’s permissionless ecosystem to devise a unique identity verification IAMPASS Biometric Palm......

a day ago

Thanks for featuring us! #Cortex is the first public chain t...

Thanks for featuring us! #Cortex is the first public chain that enables adding #AI models to the smart contact and... https://t.co/ra8RmGgpKw...

a day ago

Why Cryptocurrencies Are Having a Major Say on the iGaming Industry

The iGaming industry is doubling down on cryptocurrency and blockchain technology in a big way, in a bid to attract the next generation of millennial gamers. Back in 2012, the iGaming sector was said to make up almost $34 billion of total revenues in the real-money casino industry, which hit $417 billion in total. Wind the clock forward to 2017 and the iGaming sector generated over $47 billion and estimates predict it will command revenues of almost $60 billion by the turn of the next decade - almost 100% growth in eight years. Combine this with the rapid proliferation of cryptocurrencies across a host of industries - including iGaming - and it’s clear to see why these digital assets are proving so valuable to online casino platforms. In fact, the number of iGaming operators that refuse fiat currency as a form of deposit in favour of cryptocurrencies such as Bitcoin is escalating fast, despite Bitcoin’s recent volatility. The low cost of cryptocurrency transactions is one of the major boons for the iGaming industry, with no need to pay for third-party payment processing services. Many iGaming brands already accept Bitcoin as a legitimate form of currency to play with in online slots and table games. Some will even reward Bitcoin depositors with free spins, deposit bonuses and ongoing weekly promotions. The decentralised nature of cryptocurrencies such as Bitcoin is also a huge appeal to iGamers. Owners of Bitcoin are empowered to look after their own digital assets, with no third-party or institution able to block or confiscate their Bitcoin. The raft of cryptocurrency exchanges also makes it easy for iGamers to quickly convert their crypto winnings into fiat currency, whenever they wish. Blockchain is enhancing the integrity of iGaming operators (Image: Pixabay) Blockchain, the technology that is used to underpin cryptocurrencies such as Bitcoin, is also being utilised by several iGaming operators in a bid to address the key issues regarding security, fairness and transparency in the iGaming industry. In order to obtain regulatory approval from the likes of eCOGRA, some iGaming operators are choosing to place their random number generators (RNGs) within a 100% decentralised blockchain. Too often, iGamers are losing trust in their favourite operators as they feel that the RNGs that trigger jackpot prizes on slots and dealer outcomes within table games are easily exploitable. The implementation of RNGs within blockchain’s transparent architecture will allow players not only to view them in action, but play safe in the knowledge that the RNGs cannot be tampered with. Blockchain is also revolutionising the way in which iGaming platforms operate. The use of ‘smart contracts’ helps to automate transactions and tasks between stakeholders, such as the relationship between the operators and their customers. Each smart contract is coded to incorporate an “if this, then that” formula. This is increasingly utilised within iGaming table games. For instance, the formula of the smart contract between a player and operator will state “if player’s Blackjack hand defeats the dealer’s, pay out winnings”. Similarly, in Roulette, “if the ball lands on the player’s colour, pay out winnings”. Funds tend to be held secure in Escrow in the meantime and are only released when the formula has been met. So, what have cryptocurrencies got to do in order to ensure they remain a key part of iGaming’s long-term future? Crypto-based iGaming operators need to show more respect for the regulation of online casino games. The vast majority of crypto-based online casinos are wholly unregulated. This is either because their software developers use blockchain-based “provably fair” RNGs that they believe are just as - if not more - transparent than a traditional online casino; or they merely insist that such regulation is a barrier to market entry. To place provably fair gaming on a pedestal and to ignore industry regulations are both poor approaches to cementing cryptocurrency-based casinos within the world of iGaming. Instead, crypto casinos should acknowledge that regulators exist not to penalise the operators themselves, but to act as guardians for players; overseeing responsible gambling measures. This alone would help crypto iGaming platforms gain respect and trust throughout the industry. The sooner crypto casinos shed their ‘wild west’ tag and adapt to market regulations, the quicker they will mature and thrive. The post Why Cryptocurrencies Are Having a Major Say on the iGaming Industry appeared first on Live Bitcoin News.

a day ago

S. D. Nelson Joins IOTA Foundation as Technical Writer

It could be difficult for blockchain and cryptocurrency companies to explain their ideas and concepts to the general public. Inability to put their thoughts into words properly could have serious consequences for a project. The IOTA Foundation has understood this need and is adding a new technical writer to its team. The role has been given to S. D. Nelson, who will be using his mastery in words to explain IOTA’s technology to everyone. Who Is S. D. Nelson? Nelson holds a bachelor’s in business and a master’s in computer science, which provides him a sound academic foundation to understand blockchain technology. His curiosity to speak with different people motivated him to learn Chinese and improve his grasp on Spanish. With his experience owning a software validation business in California, he was able to contribute to the NASA Space Shuttle and the Curiosity Mars Rover. Nelson backs the idea of zero-cost transactions in the Internet of Things space and believes that “future space missions may launch with IOTA.” In a blog post, he expressed his excitement on joining the team saying: “I am enthusiastic about supporting the IOTA vision for fueling efficient machine-to-machine (M2M) transactions. IOTA may be the missing link that encourages harmonious interoperability among the Internet of Things.” IOTA’s Focus on Communication In the blog, IOTA pointed toward its growing team of communicators, which would be essential as the platform matures. Before Nelson, IOTA hired Cara Harbor as the new director of communication for the IOTA Foundation. The former Adobe, LinkedIn, Cisco, and HP employee wi