Telcoin

Telcoin TEL

$0.0002
Market Cap $ 9.190 MM (#481)
24h Volume $ 20.997 K
Chg. 24h: -3.61%
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Telcoin News

@Rednosecrypto it has not been hacked, unfortunately, there ...

@Rednosecrypto it has not been hacked, unfortunately, there is a fake Telcoin account that comments on every post w… https://t.co/vBCkTlwI0O

a month ago

Telcoin x DeFi: How to put your TEL to work on Uniswap. Toda...

Telcoin x DeFi: How to put your TEL to work on Uniswap. Today's post outlines why we chose to integrate DEXes into… https://t.co/98HKVsTkXv

2 months ago

Please be aware of fake telegram channels posing as official...

Please be aware of fake telegram channels posing as official Telcoin groups in order to scam people. These are th… https://t.co/p5WRwwSipf

2 months ago

In parallel to remittances, Telcoin is actively working to d...

In parallel to remittances, Telcoin is actively working to deliver a full stack, compliant financial platform, powe… https://t.co/VGCEelgoGy

2 months ago

Dear Telcoin users, Please be advised that the Telcoin walle...

Dear Telcoin users, Please be advised that the Telcoin wallet APP will be offline for approximately 24 hours from 9… https://t.co/Bziq713poY

4 months ago

A member of the Telcoin community shares the pain points ass...

A member of the Telcoin community shares the pain points associated with incumbent remittance providers serving the… https://t.co/i2aCelyrje

4 months ago

Cheaper, faster, and more reliable digital remittances are n...

Cheaper, faster, and more reliable digital remittances are needed now more than ever. Telcoin checks all the boxes,… https://t.co/9x7Vv0kUmc

5 months ago

We are happy to announce that Telcoin has entered into a par...

We are happy to announce that Telcoin has entered into a partnership with Indonesian application-based electronic f… https://t.co/hpcPO0oksc

6 months ago

We are pleased to announce that Telcoin have partnered with ...

We are pleased to announce that Telcoin have partnered with @ECPayPh the leading electronic payments service provid… https://t.co/SNsXDp5Sc3

7 months ago

We are excited to announce that $TEL transfers in the Telcoi...

We are excited to announce that $TEL transfers in the Telcoin app are now working with our new smart contract! Than… https://t.co/zJZrTEoP4X

7 months ago

IMPORTANT COMMUNITY ANNOUNCEMENT We are in the process of up...

IMPORTANT COMMUNITY ANNOUNCEMENT We are in the process of updating the TEL smart contract, and in order to do this… https://t.co/1I0Lh49NvS

8 months ago

Telcoin spent time connecting with GCash’s remittance team a...

Telcoin spent time connecting with GCash’s remittance team and rubbed elbows with current and former government off… https://t.co/VNispG7FMK

8 months ago

Recently Telcoin was in attendance at the 18th Annual OFWFC ...

Recently Telcoin was in attendance at the 18th Annual OFWFC Reunion in Manila (Overseas Filipino Workers Family Clu… https://t.co/KGQYy0Nh6M

8 months ago

Jules Abalos, head of International remittance at @gcashoffi...

Jules Abalos, head of International remittance at @gcashofficial discusses the new Telcoin partnership.… https://t.co/T7HeUmuHB0

9 months ago

Thank you @CryptoRank_io . Had a great #AMA with the active ...

Thank you @CryptoRank_io . Had a great #AMA with the active community last week. Congrats to 3 winners (TEL ID:… https://t.co/OxpCegutuM

a year ago

Facebook’s Libra Charter Signed By 21 Organizations During Meeting in Geneva, Switzerland

The Libra charter has been signed by 21 organizations, just days after several high-profile payment processing and e-commerce companies withdrew from the controversial stablecoin project led Facebook. The Libra Association named its board of directors and formed the consortium’s executive team during a conference held in Geneva, Switzerland. Facebook is moving forward with Libra along with Calibra CEO and former Facebook blockchain head David Marcus, who’s now part of the project’s five-person board. Other Libra Association board members include Kathryn Haun, general partner at VC firm Andreessen Horowitz; Matthew Davie, chief strategy officer of Kiva; and Patrick Ellis, general counsel at PayU. Former PayPal employees Bertrand Perez, Dante Disparte and Kurt Hemecker will also take senior management roles in Libra Association’s executive team. The association consists of San Francisco-based crypto exchange Coinbase, crypto cold storage solutions provider Xapo, Anchorage, Bison Trails, Creative Destruction Lab, Andreessen Horowitz, Thrive Capital, Ribbit Capital, Union Square Ventures, Breakthrough Initiatives, Illiad, Vodafone, Farfetch, Uber, Lyft, Kiva, Mercy Corps, Women’s World Banking, Spotify and PayU. Announced in June 2019, the Libra Association will be leading Facebook’s controversial stablecoin project. When first introduced, the Libra project was supported by 28 major companies. Since then, PayPal, Visa, Mastercard, Booking Holdings, eBay, Stripe and Mercado Pago have withdrawn from Libra initiative due to regulatory concerns. Despite these major exits, the Libra Association noted on October 14 that over 1,500 organizations are interested in joining the initiative. Only 180 entities meet the association’s membership criteria. In order to join, a two-thirds vote by Libra’s 21 board members is needed. Facebook’s management had previously said it was expecting a consortium of 100 organizations to back the crypto project at launch in 2020. No recent updates or confirmations have been provided regarding these plans or the initiative’s launch date. In June 2019, Facebook revealed a bold and ambitious vision for a global cryptocurrency that would help provide financial services to the world’s unbanked population. The Libra token’s governance would be overseen by the Association members, which would consist of a consortium of 100 organizations that will vote on technical matters related to the development of the project’s Libra Investment Token. The token would also serve as a security, allowing investors to earn interest from a basket of major fiat currencies pegged to the digital asset. If it launches, the stablecoin will be supported by a basket of fiat currencies including the USD (50%), the euro (18%), the yen (14%), the British pound (11%) and the Singapore dollar (7%). Regulators and lawmakers throughout the world have heavily scrutinized the project, warning that Libra might pose a threat to the existing financial system. France and Germany have said that they want to ban Facebook’s stablecoin initiative, meanwhile, Indian authorities stated that the cryptocurrency might not be legal in the country. US Democratic Representative Maxine Waters said that the project should be put on hold until all regulatory requirements have been addressed. Marcus has said that these fears or concerns are misplaced. He also testified before the US Congress in July 2019, attempting to address the issues raised by the Senate Banking Committee and the House Financial Services Committee. Facebook CEO Mark Zuckerberg will also be testifying next week. Marcus published a letter stating that Libra project developers welcome regulatory feedback and oversight, and that the stablecoin would not serve as a replacement for the US dollar. However, the CEOs of Visa, Mastercard and Stripe were asked by US Senators Brian Schatz and Sherrod Brown about whether the companies could face increased regulatory scrutiny if they continue to take part in the project. It is Unclear when Libra Will Actually Launch. Although Facebook initially planned an early to mid-2020 launch for Libra, statements recently made by Zuckerberg have suggested it could take longer. It now seems that any delay will be due to regulatory reasons. In July 2019, Zuckerberg noted during a quarterly earnings call that the social media firm would take “however long” it’s required to address concerns raised by regulators. Last month, he hinted at the possibility that Libra might take several years before it’s launched. It remains unclear whether Libra will actually be able to launch and whether the team developing the cryptocurrency will consist only of Facebook subsidiary Calibra employees or other association members as well. Facebook’s management has formed a team in Geneva, and previously revealed it was hiring for blockchain-related roles at Menlo Park, California and Tel Aviv, Israel. Although some of Libra project’s codebase has been open-sourced, Facebook’

a year ago

Blockchain - the building block of future tech - The Jerusalem Post

JOEL S. TELPNER. (photo credit: Courtesy) “There are a lot of ways that blockchain technology can make our lives better, and make things easier to do,” says Joel S. Telpner, partner at ZAG/Sullivan, the international law firm with offices in Tel Aviv, Boston, New York, Washington and London, as well as a practice

a year ago

Support for Ethereum 2.0 Despite Scaling Issues

Words from Ethereum co-founder Joseph Lubin at the recent Ethereal Tel Aviv conference did not dampen the spirits of Ethereum enthusiasts as they remain supportive of the upcoming Ethereum 2.0. Lubin made mention of the fact that the founders of the Ethereum project were aware that the cryptocurrency was incapable of scaling. However, he added that it was the reason for work on updates that would fix the scaling problem. While critics of the project responded by calling it an outright scam and referred to the founders as liars, Ethereum community members at the 2019 Devcon remained unperturbed and were anticipating the upcoming upgrade to the network. (EA)

a year ago

Upcoming MakerDAO Developments And The Future of DeFI: Exclusive Interview With Gustav Arentoft

MakerDAO is a protocol that is quickly gaining traction within the cryptocurrency community, especially as the concept of Decentralized Finance (DeFi) has become somewhat of a hot topic throughout 2019. Believing that popular digital assets such as Bitcoin and Ether were far too volatile to be used as day-to-day currencies, the team behind MakerDAO created DAI. It is a stablecoin, the value of which is pegged 1:1 to the US dollar. Unlike other stablecoins such as USDT, DAI is completely decentralized. With a current market cap of around $80 million according to CoinGecko, the cryptocurrency is steadily gaining traction. During the recent Ethereal conference in Tel Aviv, CryptoPotato got the chance to discuss Maker’s upcoming developments, as well as the future of Decentralized Finance in general, with Gustav Arentoft, Business Development Representative at MakerDAO. The State of Stablecoins: What to Expect Gustav Arentoft. Source: Twitter According to Arentoft, the majority of stablecoins right now are focused on exchanges. That’s where centralized solutions currently have a bigger foothold. He also thinks that there’s room for as many stablecoins as people want, as virtually anyone can issue one. However, the question is whether or not a particular stablecoin gains any traction. In order for that to happen, it must overcome a serious challenge: revenue dependency. Arentoft noted: ”A lot of the smaller centralized stablecoins are dependent on the revenue they get for the bank deposit of the currency they issue. They would just have a hard time making revenues. I know some of the smaller ones that already stopped.” In his opinion, collateralized and centralized stablecoins are “rather generic.” Hence, there’s a need for diversification and differentiation. He pointed to USDC (Circle’s USD-pegged stablecoin) as a project which has done a very good job of providing accessibility through a variety of financial organizations and has managed to create a broad access point for people to get tokens. Another pressure point in Arentoft’s view is the lack of main net releases: “What we’ve seen in the decentralized stablecoin space so far is there hasn’t been a lot of main net releases on that front. It’s rather difficult, and we’ve seen some Maker copies or imitations of other blockchains that haven’t gotten any traction. But we’ve also seen some interesting projects like Terra coming out that focuses on e-commerce. And, sure, there’s room for a lot of different stablecoins, but they need to be able to differentiate themselves somehow. That’s why I think decentralized stablecoins are different-shaded by default because of the model whereas dollar-backed stable coins are rather generic.“ The Future of Maker and DAI In a market as dynamic as cryptocurrencies, it was particularly interesting to hear about Maker’s future plans and how it intends to handle future challenges. First things first: Arentoft noted that DAI in its current form is just a beta version, and the team will be releasing the full version of the protocol - a multi-collateral DAI - later this year. At that point, DAI will also become an interest-bearing stablecoin. In fact, just today Maker announced that they are ready to launch their Multi-Collateral DAI (MCD) on November 18th. Rune Christensen, CEO of the Maker Foundation asked holders of MakerDAO’s MKR token to cast their votes on November 15th. USD: Stable or Not? Arentoft noted that the reason for DAI’s being pegged to the USD is that the latter is the most widely used fiat currency and, arguably, the world’s trade currency of choice. However, Maker is technically capable of being pegged to other currencies. “We expect to start releasing the first ones of those early next year, probably, and we will do it according to the demand. There will be a governance vote, and we expect the first one to be the euro, the GBP, the Singaporean dollar, and so on.” He also shared that the team has spent a lot of time on partnerships, protocols, and project integrations. They recently passed 300 integrations, meaning that there are now more than 300 projects, apps, wallets, and DApps that have integrated and use DAI. Furthermore, once the multi-collateral DAI gets released, the team could peg DAI to a variety of legacy assets, including stocks, bonds, commodities, or even Facebook’s Libra, in a tokenized form. If things go according to plan, DAI could grow its market cap and establish itself as a leader in the field. Maker is also placing a lot of emphasis on security. Apart from offering very high bounties for those who identify bugs in their smart contracts, the team performs full formal verifications of each smart contract, handled in accordance with the highest security standards within the field of software development. They work with three different security audit firms from different regions, according to Arentoft. Decentralized Finance (DeFi) and its Role For anyone following the crypto space closely, it’

a year ago

Secure the Bag: Cutting Transactions in Half to Resolve Bitcoin Network Congestion

Bitcoin’s network congestion can vary wildly. During some hours of some days, tens of thousands of transactions are waiting to get included in a block, causing fees to spike and leaving many users waiting. During slower hours, meanwhile, there aren’t even enough transactions to fill all blocks, and the smallest of fees suffice for quick confirmation. Network congestion during peak hours is of course a big problem for services that need to make many transactions, fast. Exchanges, mining pools or payroll services, for example, sometimes pay hundreds of users simultaneously — and these users may be understandably impatient to get their money. The services therefore pay high fees, bumping all other transactions on the Bitcoin network back in the queue. Now, Bitcoin Core contributor Jeremy Rubin believes he has figured out how to reliably smooth out network congestion, increasing Bitcoin’s throughput during peak hours. His proposal is called OP_SECURETHEBAG. Securing the Bag To understand OP_SECURETHEBAG (which, from now on, we’ll simply call “Secure the Bag”), let’s take a practical example and start from the basics. In this example, 12 customers all request that an exchange issue their withdrawals while fees are high. (In reality this might easily be 1,200 customers — but with 12, the concept is easier to explain.) Even without Secure the Bag, the exchange is sensible and does not create 12 separate transactions to pay each customer individually. Instead, to save on fees, it creates a “batched” transaction, which is more compact. The transaction consists of, say, three inputs (referring to the “from” addresses, all three of which belong to the exchange) and 12 outputs (which include the “to” addresses, belonging to the different customers). In this example, the amounts add up nicely, so there is no change address. In the images below, the transaction would look like transaction A on the right — not like 12 individual transactions as shown to the left. Images taken from Jeremy Rubin’s presentation on OP_SECURETHEBAG at Scaling Bitcoin 2019 Because the batched transaction includes so many outputs — one for each customer — it is quite large, data-wise. The larger a transaction is, the more it costs to have it included in a block. And during peak hours, it will be quite expensive for the exchange to have the transaction confirm quickly. (Not as expensive as 12 individual transactions would be, but still expensive.) Now, it is possible for the exchange to include a lower fee instead, in which case it would just take a while for the transaction to confirm. But until it confirms, customers would be waiting for their money, unsure if they will really receive it at all: The money could be double-spent until the transaction is included in a block. This leaves the customers unhappy, and the exchange doesn’t want that. (In some cases, it may not even be an option to let customers wait: Payroll services could, for example, be contractually obligated to have the transaction confirmed on a particular day.) This is where Secure the Bag comes in. Secure the Bag is a proposed “OpCode”: an addition to Bitcoin’s programming language. This OpCode would essentially let the exchange “split” its batched transaction into two transactions: a “sending” and “receiving” transaction. The first of these — the “sending” transaction — includes the three original inputs, referring to the addresses owned by the exchange. But it includes only one special output. This output is called a “committed output” and contains a special cryptographic hash: a seemingly random but relatively short string of numbers. This hash essentially serves as a unique serial number, linking it to the other of the two transactions: the “receiving” transaction. Key to Secure the Bag, the only way the committed output can be spent is through this specific “receiving” transaction, to which it is linked through the hash. (In technical terms, the hash commits to the entire “receiving” transaction except for the “prevouts,” but this is an implementation detail.) The “receiving” transaction, then, can be considered the second half of the original transaction. It contains only one input, referring to the committed output from the “sending” transaction, and all the 12 outputs. This “receiving” transaction, with all the outputs, is therefore much larger than the “sending” transaction. In the images below, you can see the normal batched transaction on the left, and the two separated transactions (“sending” and “receiving”) of a Secure the Bag payment on the right. Images taken from Jeremy Rubin’s presentation on OP_SECURETHEBAG at Scaling Bitcoin 2019 As it issues the withdrawal to its 12 customers, the exchange broadcasts both the “sending” and “receiving” transactions. But there is one big difference between the two, and this is the heart of the trick. The smaller “sending” transaction includes a relatively large fee, to ensure that it confirms fast. Since this transaction is

a year ago

Bitcoin Cash Meetups Help Plant the Seeds of Economic Freedom

Our newsdesk recently caught up with Bitcoin.com’s community manager Chris Bridgman who discussed the recent expansion of Bitcoin Cash-focused meetups worldwide. Over the last two years, Bridgman and his partner Akane Yokoo have seen BCH meetups grow from a small handful to around 90 BCH-based gatherings in a number of different countries. Also read: Software Engineer Reveals Oracle Creation Platform for Bitcoin Cash Growing the Bitcoin Cash Community There are numerous ways people can learn about cryptocurrencies and blockchain technology and most of the time individuals research these subjects online. However, learning everything online can be daunting to some people as it can be much harder to ask questions and sometimes online forums are filled with useless trolling and infighting. Bitcoin Cash meetups, however, offer a different ‘hands-on’ approach to learning and spreading the knowledge of BCH to the masses. In the last few years, the BCH community has grown significantly and individuals worldwide are organizing small groups or assemblies of like-minded people to discuss and promote the innovative benefits of bitcoin cash. Bitcoin.com is a big believer in spreading economic freedom through tools like bitcoin cash. A testament to this is how many of our staff members, alongside well known members of the BCH community, have been passionately bolstering BCH-centric meetups. Bitcoin Cash meetups worldwide have been growing and Akane Yokoo says that people have been reaching out to the team and they have been working on initiating a few more meetups including Aix en Provence (France), Philadelphia, and Boynton Beach in Florida. On Friday, news.Bitcoin.com spoke with Bitcoin.com’s community manager Chris Bridgman about the expansion of BCH meetups and how they plan to continue advancing these efforts. Bridgman explained that with the help from Bitcoin.com staff members, Akane Yokoo, Monica Rea, and many Global Bitcoin Cash Leaders, the team has been working to grow the Bitcoin Cash meetups around the world and looking to provide the support individuals need. “We’ve been setting up new meetups with local organizers onsite in areas like Miami, Jakarta, Dubai, Seoul, Mexico City, Budapest, London, Sweden recently and we’ve also been working with existing meetups,” Bridgman remarked. “We’re looking to grow the engagement there, grow the volume of these groups, enhance the frequency of meetups and things like that.” The community manager added: We’re also doing something new which is expanding into new demographics and new industries. Essentially trying to bridge the gap and showcase the benefits of using bitcoin cash. Whether it’s in a totally different ecosystem or cross-coin platforms and really just trying to enhance this incredible global community any way we can. Bitcoin.com community managers Chris Bridgman and Akane Yokoo. Many other Bitcoin.com staff members, including executive chairman Roger Ver and CEO Stefan Rust, have been volunteering to help grow BCH-focused meetups as well. Bridgman emphasized that the individuals they call Global Bitcoin Cash Leaders are inspiring and the team has connected with people that are really driving adoption and working to grow the BCH ecosystem. Both Bitcoin.com community managers believe these individuals are literally planting the seeds of global adoption and the growth of peer-to-peer cash. Bridgman noted that the meetup community comes from all walks of life and they all bring ideas of their own. He said that if people are interested in getting involved with the BCH meetup community, the first thing to do would be to check and see what’s around you. “We’ve got an awesome platform called events.Bitcoin.com and there’s a great interactive map there that showcases where all the existing BCH meetups are,” Bridgman detailed. “If you can’t find one, you can reach out to us at events.Bitcoin.com and we’ll set you up with a meetup if there isn’t an existing one already.” Bitcoin.com’s executive chairman Roger Ver and CEO Stefan Rust will be appearing at the BCH meetups in Stockholm and in London in October. 90 Bitcoin Cash Meetups Worldwide Additionally, Yokoo and Bridgman have also been utilizing Telegram as a platform to connect individuals and working with other global leaders in a collective group. The members of the group could be starting BCH meetups or driving bitcoin cash adoption Bridgman said. “Within that group, we can then branch off and create individual groups and pull in the right people to really grow the BCH meetup community’s connectivity — Provide the support these individuals need, but also connect the dots with other passionate people,” he noted during the conversation. Roberto, a BCH Global Leader who runs a Bitcoin Cash meetup in Barquisimeto, Venezuela. Bridgman went on to explain that when it comes to meetups, there really is no guide book and there is no right or wrong way to accomplish local gatherings that bolster adoption. As long as you set

a year ago

Telcoin is partnering with Paga, a pioneer and market leader...

Telcoin is partnering with Paga, a pioneer and market leader for mobile money in Nigeria. We are thrilled to announ… https://t.co/GEYT2xOmlb

a year ago

Kik Founder: We’ll Fight SEC ‘Until We Don’t Have a Dollar Left’

The CEO and founder of Canadian social media and messaging app Kik has vowed to fight U.S. regulators over the future of the native Kin (KIN) cryptocurrency “no matter how hard it is.” According to a Sept. 25 report from Global News, Kik CEO Ted Livingston told an audience the Elevate Conference in Toronto on Wednesday: “We have to keep going. Until that’s it, we don’t have a dollar left, a person left. We will keep going no matter how hard it is.” Taking on the SEC As reported, Kik has been mired in a costly legal battle with the United States Securities and Exchange Commission (SEC) over its initial coin offering’s designation, with the regulator suing the company for having conducted an allegedly unregistered $100 million token offering. Livingston has pledged to fight to win the legal challenge, noting that if the Kin token will be categorized as a security, cumbersome regulations will mean it is no longer workable, imperilling the company’s revenue model. “We feel very confident that we are correct. We need to fight,” he said. Kik hopes to go to trial as soon as May 2020, he revealed. Meanwhile, the SEC’s action has slowed adoption of Kin and restricted trading — even though roughly 60 apps do still use the token, according to Livingston. The CEO said that he remains committed to Kin because he sees such tokens are the only way to tackle an ever-increasing concentration of wealth as well as the prevalence of monopolies: “Cryptocurrencies are the only way, the only tool we have now that we can counteract that, where we can build a new economy with a new form of money where we can rewrite the rules for how wealth and value is created in a global society.” Straitened times Last week, Kik revealed that insufficient revenue amid these difficulties was forcing it to cut down its workforce from 151 to 19, including staff at its offices in Waterloo, Ontario and Tel Aviv. The remaining staff will reportedly be focused on encouraging investors to buy the Kin cryptocurrency.

a year ago

First Bitcoin Capital Corp (OTC:BITCF) Incubator Division Announced Tipestry, Inc., An Innovative Content Monetization And Social Media Platform As Its First Client Company - Yahoo Finance

TEL AVIV, ISRAEL / ACCESSWIRE / September 23, 2019 / FIRST BITCOIN CAPITAL CORP (OTC PINK:BITCF) (“the Company”) a prolific generator of more than 100 unique cryptocurrencies and developer of blockchain-powered technologies is proud to announce that it has accepted Tipestry Inc., into its startup incubator program. Recently First Bitcoin announced the launch of a

a year ago

What the Holy Land Reveals About Bitcoin

Israel's political backdrop gave attendees of Tel Aviv Blockchain Week an opportunity to ponder the duality of the bitcoin movement. LINK @La__Cuen reports

a year ago

Global Coin Research: Blockchain smart phones on the rise, Binance announces fiat to crypto OTC

Top News from Friday to Today WE ARE GOING ALL IN. Source BREAKING: Binance co-founder Heyi announces at Shanghai Blockchain Week happening this week that Binance will introduce fiat to crypto OTC within one month. She says that Binance has already connected to fiat systems in 170 countries. Google translate Bitcoin Mining Power Hits New High as Half a Million New ASICs Go Online. Source GCR learned that the recently launched Antminer S17e by Bitmain was sold out in a day. Blackstone CEO Steve Schwarzman- “[Blockchain technology] is a very good idea, and it will end up being adopted because it’s good technology. Applying it to the creation of money is sort of, for my taste, pretty odd.” Source GCR first broke in English news that Binance has made its first strategic investment in China with Chinese media site Mars Finance. The company just completed its third round of financing since starting out last year with investors Binance, Ceyuan Ventures and Matrixport. Ceyuan Ventures is a previous venture founded by the partner of Dragonfly Bo Feng. Source Coins and Mining Bitcoin.com Announces Partnership With Taiwan’s HTC-> HTC’s flagship EXODUS 1 smartphone is now the first phone that provides Bitcoin Cash (BCH) support without having to download a BCH wallet from an app store. Source Korean branch of crypto exchange OKEx is delisting all five of its listed privacy coins — Dash, Monero, Zcash, Super Bitcoin and Horizen — citing regulatory demands. Source Mike Kennedy, founder of Zelle, is joining Interstellar as the new CEO. Source Bobby Lee Returns With Ballet, a Crypto Hardware Wallet for the Masses. Source Exchange News Korean exchange Hanbitco’s representative Kim Seong-ah was elected as chairman of the Korea Blockchain Association cryptocurrency exchange. Source Non-custodial exchange KyberSwap rolls out fiat-to-crypto gateway. Source U.S.-based cryptocurrency exchange Coinbase is evaluating the launch of an initial exchange offering (IEO) platform in the near future. Source Huobi Group Founder and CEO Leon Li has been named CEO, Chairman of the Board, and Executive Director of the Board of Hong Kong Stock Exchange-listed firm Pantronics Holdings Limited. Under a new proposal, the name of Pantronics may be changed to Huobi Technology Holdings Limited. Source Business Facebook’s Libra is not intended to challenge the “monetary sovereignty of nations,” according to cofounder and Calibra CEO David Marcus. At Ethereal in Tel Aviv, Calibra COO, Tomer Barel, explained that Libra will compete with cash effectively because it’s not owned by a single entity. Source Blockchain adoption in Africa is on the rise. A look at Nigeria and Kenya. Source Deloitte, a major audit firm, is exploring the use of virtual currency inside the company, and is making efforts such as permitting payments using Bitcoin (BTC) in employee cafeterias. Source Blockchain Smartphones Preparing to Debut One after Another Per Korea Media: Source Regulation Chinese Regulators Demand a Clean-Up of Crypto Mining in Inner Mongolia. Source

a year ago

New Cold Wallet Custody Solution Strives to Eliminate Cryptocurrency Hacks

GK8, a blockchain startup based out of Tel Aviv, Israel, has made some significant strides in its mission to improve cryptocurrency security and convenience solutions. On September 18, 2019, the firm announced completion of what it is calling the world’s first and only secured cold wallet with hot wallet functionalities, which eliminates the need for an internet connection in order to send transactions on a blockchain. “GK8 experts have developed proprietary cryptographic techniques that enable real-time blockchain transactions of digital assets without any need for an internet connection,” according to a press release shared with Bitcoin Magazine. “These techniques provide a secure environment to sign blockchain transactions and execute automatic reconciliation confidently. The company’s techniques ... can bypass core assumptions related to cryptocurrency transfers and eliminate attack vectors to any asset transfer.” The release did not elaborate on how exactly these techniques access blockchains or validate transactions without an internet connection, but it did note that GK8’s product is already being used by customers who manage around $1 billion worth of assets, including cryptocurrency-focused brokerage company eToro. Addressing Crypto’s Custody Problems One reason frequently offered for the slow adoption of cryptocurrency has been security concerns around the custody of these assets. And it’s true that cryptocurrency custodians, such as exchanges, don’t have the best history of protecting customers’ investments. However, institutional interest has been growing in the space, and GK8 believes that the security offered by its new product should be leveraged by those who want to serve as custodians. “GK8 is currently targeting financial institutions, custodians, exchanges and hedge funds which hold cryptocurrencies,” according to the press release. While most custody services do have built-in safeguards for maximum security, such as key sharding — a process in which a private key is broken into separate distributed pieces and shared with trusted parties — GK8 appears confident that the best way to protect crypto assets is to keep them offline altogether. “GK8 develops a high security custodian wallet solution, using an exciting and unique approach to cold wallet security,” said Eran Tromer, a founding scientist of Zcash and a member of GK8’s advisory board, according to the release. “Inspired by high assurance critical infrastructure systems, it uses state-of-the-art cryptographic techniques to minimize the wallet’s attack surface and block the influence of a potential attacker on security-critical components.” GK8 was founded in July 2018 by Lior Lamesh and Shahar Shamai, who now serve as CEO and CTO, respectively. In addition to this latest project, the company is developing other blockchain solutions targeted at cryptocurrency exchanges, hedge funds and asset custodians. In general, the world of tailored custody services is booming as major cryptocurrency players look to get a piece of Wall Street. BitGo, Bakkt and Fidelity are some of the most recent entrants into the market. Cryptocurrency trading heavyweights like Coinbase and Gemini have launched their services, with Coinbase’s acquisition of Xapo’s custody arm bringing its total assets under custody to a reported $7 billion. The post New Cold Wallet Custody Solution Strives to Eliminate Cryptocurrency Hacks appeared first on Bitcoin Magazine.

a year ago

Israeli startup GK8 unveils a technology for sending transactions to the blockchain without internet connection - InvestorIdeas.com

September 18, 2019 (Investorideas.com Newswire) GK8’s custodian technology is already helping to securely manage digital assets for clients such as the social trading and multi asset brokerage company eToro. GK8’s customers manage a total of more than $1 billion in digital assets. The Tel Aviv based startup has completed seed funding round of $4 million,

a year ago

Buterin Talks on How He Would Stop ICO Scams

The Ethereal Summit, currently taking place in Tel Aviv, Israel has got several prominent figures speaking at the event. One of which is the co-founder of Ethereum Vitalik Buterin. Dubbed as a ‘Q&A On Ethereum 2.0 With Vitalik,’ the topic of discussion went onto many things in regards to the networks future and scalability solutions. Some of the hottest trends were talked about too including Decentralized Finance (DeFi) but one specific subject Buterin touched on was that which has received much criticism over the past few years, and that is ICO’s (Initial Coin Offerings). Back in 2017, ICO’s were a big topic and throughout most of last year, this applied still. As it turned out though, many of the projects couldn’t deliver on the projects and the product they wished to deploy. Given that all the money had been raised for these project but nothing came as a result, they have been classed as ‘scams’. Most of them anyway. “This is a spin on the ICO idea that I had one and a half years ago. So the idea is, instead of projects having ICOs where people will just send them the money, and they, well, go away, you have a scheme where people put their tokens into a smart contract. The developers don’t just have access to the tokens, they can’t take them. Instead what happens is the money gets put in compound, or some other interesting thing and then the interest goes to the developers.” In terms of decentralised finance, Buterin said: “I’m very excited about what DeFi offers in principle. The idea that anyone, anywhere in the world can just have access to a system that lets them pay each other and basically lets them choose their own financial exposure is very powerful to me. That’s something that a lot of people just don’t have access to.” Even so, the co-founder warns that people shouldn’t put money into a project if they are pressured into doing so or if it is an untested model.

a year ago

ETH Gains in a Quiet Market, ATOM Up 30% on Coinbase Effect, Sep. 16

Ethereum gains in a quiet market as upgrade developments continue, GXChain is raided by Chinese police, ATOM gains 30% on Coinbase listing. ETH Ethereum gained 7% during a quiet week in the cryptocurrency market with BTC flat on the week. Vitalik Buterin the co-founder of Ethereum spoke at the Ethereal conference in Tel Aviv on

a year ago

Ethereum Price Has Been Booming Since Friday

At press time, Ethereum - the second-largest cryptocurrency by market cap and the number one competitor to bitcoin - has been exploding in price and is expected to shoot past $200 within the next few days. Ethereum Is Growing Suddenly Ethereum has been experiencing great difficulty as of late and is entering “bitcoin status” in that it is now an “old” coin when compared to competitors like EOS and TRON. Even that is something of an understatement considering BTC has experienced solid growth this year, first reaching $5,000 in April and doubling its price since then. Ethereum, by comparison, has been meandering through the high $100 range for most of 2019 and has experienced fewer spikes than bitcoin and even other altcoins. However, it has since managed to turn around some of this reverse luck and shift itself into a “growth period,” having spiked by more than seven percent since last Friday alone. At the time of writing, the coin is trading for about $194 per unit and has a market cap of nearly $21 billion. Many analysts are predicting that this sudden rally could also be good for bitcoin, as well as the rest of the crypto market. When one major coin does well, the rest seem to follow suit. The sudden jump in price is being attributed to the Ethereal Conference which took place last week in Tel Aviv, Israel. Co-founder of Ethereum Vitalik Buterin commented that the coin is experiencing “strong progress in privacy” and decentralized finance. In addition, the token is planning to move to an eventual proof of stake algorithm known as Ethereum 2.0 in the coming months. This is interesting considering Buterin’s recent comments regarding Ethereum’s scalability, which he says is floundering as of late. The blockchain entrepreneur commented that while Ethereum’s smart contracts capabilities have made it one of the most popular blockchain networks to build new coins and applications on, the amount of ventures and customers its drawn has hurt it in the long run. Ethereum is now a very saturated network, and as a result, Buterin comments that it’s “no longer scalable.” We Can Still Be at the Top In an interview with a Canadian news outlet, he commented: Scalability is a big bottleneck because the Ethereum blockchain is almost full. If you’re a bigger organization, the calculus is that if we join, it will not only be extremely full, but we will be competing with everyone [else] for transaction space... There is pressure keeping people from joining, but improvements in scalability can do a lot in improving that. He further stated that while the company is beginning to experience increased competition from blockchain networks like TRON, he’s confident the shift to 2.0 will place Ethereum back in the number one spot and keep it a prime network for decentralized applications. The post Ethereum Price Has Been Booming Since Friday appeared first on Live Bitcoin News.

a year ago

Gnosis’ talk on Permissionless DEXs take the stage at Starkw...

Gnosis’ talk on Permissionless DEXs take the stage at Starkware Sessions in Tel Aviv! https://t.co/Fj0wM4Bijh

a year ago

Joe Lubin: Only Conceptions of Bitcoin and Ethereum Were ‘Immaculate’

Ethereum (ETH) co-founder and ConsenSys CEO Joe Lubin has characterized both Bitcoin (BTC) and Ethereum’s conceptions as being “immaculate.” Lubin made his remark during a panel with Vitalik Buterin and Yoni Assia at the Ethereal Summit Tel Aviv on Sept. 15, according to live reporting from eToro analyst Mati Greenspan on Twitter. Twin titans To a seasoned ear, Lubin’s comment pointedly reproduces a phrase previously used by staunch Bitcoin maximalists in reference to the conceptual and technological elegance of Satoshi’s invention and to the equally shrewd choice of timing for the publication of its white paper. His sleight of hand in extending this characterization to Ethereum’s founding could rattle the Bitcoiners’ cage, with Lubin’s tacit point preempted and contextualized by his co-panelists Assia and Buterin, the first of whom remembered how: “Back then [in 2013], the Bitcoin community was very maximalist and said that things like tokenization were impossible.” To which Buterin added: “That was very disheartening because I thought we were all on the same team. In a lot of ways though it was fine because it gave us some breathing room. Because there’s already Bitcoin as a store of value but for Ethereum it gave us a more clear use case because we didn’t have to try to be hard money.” All three panelists are reported to have positioned themselves non-tribally as “decentralized protocol maximalists.” Ether’s annunciation Bitcoin maximalism is, especially in the current cryptocurrency market climate, alive and well — with many analysts isolating the top coin from other cryptocurrencies and focusing instead on its interaction with the traditional financial sector at a time of significant macroeconomic upheaval. Against this somewhat fashionable signalling of the death knell for altcoins, a summer 2019 report from institutional crypto exchange San Francisco Open Exchange proposed that Ether is arguably no longer an altcoin as it “is coming into its own as a blockchain that is publicly recognized as an asset on its own terms, much like Bitcoin.” Many cryptocurrency traders remain more skeptical, as Ether continues to hover below the $200 mark. Earlier today, technical analyst and trader Michael van de Poppe quipped on Ethereum finally showing bullish signs: “So, does anybody know how the flippening is going? Not even close, right? Good old days with the potential flip of $ETH / $BTC.”

a year ago

Ethereum co-founder indicates near completion of ‘phase zero’ development for ETH 2.0

The blueprint of Ethereum 2.0 has been one of the most-discussed subjects for Vitalik Buterin’s digital asset in 2019. Maintaining its core priority of solving intrinsic limitations such as scalability, Ethereum 2.0 would be introducing a proof-of-stake consensus in order to make do without expensive proof-of-work mining. Speaking at the Ethereal conference in Tel AVIV, The post Ethereum co-founder indicates near completion of ‘phase zero’ development for ETH 2.0 appeared first on AMBCrypto.

a year ago

Vitalik Buterin Stays Confident about Ethereum 2.0 and Optimistic about Facebook’s Libra

Coinspeaker Vitalik Buterin Stays Confident about Ethereum 2.0 and Optimistic about Facebook’s LibraOn Sunday, the Ethereal Summit took place in Tel Aviv. The Summit is a global series of conferences focused on connecting leading companies and influencers shaping the future of blockchain. At the event, Ethereum founders Joseph Lubin and Vitalik Buterin were among the speakers. They commented on the development of the upcoming Ethereum 2.0 update and discussed possible collaboration with Facebook within their nascent cryptocurrency - Libra.Prospects of Ethereum 2.0Ethereum 2.0 will facilitate a number of on-chain transactions while at the same time maintaining key aspects of decentralization and security. It combines important projects like Proof-of-Stake (PoS), sharding, and eWSAM. As Vitalik Buterin stated, the new network aims to run ‘tens of thousands of transactions per second,’ and he is very confident about the launching phase of Ethereum 2.0 scheduled for January 3, 2020.During the event in Tel Aviv, Buterin promised that the network will be interoperable with applications built on the original blockchain. Buterin said:“[Ethereum 2.0] is an updated version of the same vision. It’s a sandbox where people can try things and see what works. The thing that has changed are the tools we use.”According to Buterin, everything is ‘finalized except for things that come up during the security audits’. He added:“The clients are now talking to each other. The next step is to make sure they can maintain a public network at scale. We’re talking about potentially hundreds of thousands of validators aggregating a huge number of transactions.”Further, Ethereum co-founder replied to critics who believe that the rewards received on the Ethereum 2.0 network will be too low for validators to keep the network running. Buterin commented:“There have been a lot of misconceptions there. There are people throwing around the 1 percent statistic. In reality, the maximum reward is 1.7 percent per year, only in the case where literally everyone is staking. In the case that a smaller number of validators are staking, the rewards go up a bit.”Ethereum and Facebook May CollaborateVitalik Buterin also had an interview with Globes, where he shared his opinion about Libra - a stable currency designed by Facebook on a reliable and secure open-source blockchain, supported by a reserve of actual assets, and managed by an independent association.First, Ethereum co-founder explained why he does not consider Libra’s current structure reliable in terms of privacy. According to Buterin, Libra does not have means for protecting the users’ privacy. Moreover, it does not provide enough scalability. Keep users’ currencies in custody wallets is also not the best idea. He added:“In a situation like this, it’s always possible that a certain company will create a wallet that does not carry out such a process, and there may be people who will use it for money laundering.”Moreover, Buterin considers such projects as Libra as ‘a wakeup call for governments’:“In my opinion, projects like Libra are like a wakeup call for governments, which are now realizing that if they don’t revise the technology of their sovereign currency, they will have competition. We are therefore now seeing a lot of interest in creating a sovereign digital currency.”At the same time, Buterin is generally positive about Facebook’s initiative. He believes that Ethereum and Facebook should work together. Buterin said:“There’s definitely people looking at making a Libra Litecoin that runs on the Ethereum blockchain. I think we should extend an open hand to systems that are more decentralised than we would like.”Ethereum co-founder and ConsenSys CEO Joseph Lubin supports such a view. During the Ethereal Summit, Lubin said:“There’s definitely been some talks. There’s the possibility of interoperability with Ethereum if there’s a viable wallet connection. But I don’t see [Libra] being a viable competitor to Ethereum as a decentralized [financial system]. Actually, it could be an excellent onboarding mechanism for us.”Libra is quite a controversial project and a number of governments set to ban any further development of Libra. But if Facebook one day partners with Ethereum to work on the improvement of Libra’s system, everything may change.Vitalik Buterin Stays Confident about Ethereum 2.0 and Optimistic about Facebook’s Libra

a year ago

Vitalik Buterin Details His Plan To Eliminate Scams In ICO

Vitalik Buterin, the co-founder of Ethereum blockchain detailed his plans for ICOs at the Ethereal Summit in Tel Aviv, Israel. Initial Coin Offerings (ICOs) were all the rage in 2017. However, they've all died out after most of them failed to live up to expectations, and some were even outright scams. Buterin has now proposed something called "public interest projects." Investors would invest their money on projects in a similar fashion. However, the money is not handed over to the project but put in smart contracts, and the developers do not get access to it. Instead, they're given out as loans, and the interest goes to developers to fund their projects. Meanwhile, Ethereum is suffering from massive delays and network congestion. It is in dire need of an upgrade. Ethereum (ETH) is priced at $193.62, gaining 3% in the last 24 hours. (VS)

a year ago

Ethereal Summit Features Panel Discussion on Initial Exchange Offerings (IEOs)

The Ethereal Summit is taking place in Tel Aviv, Israel today. The sold-out event featured a session on initial exchange offerings, or IEOs. Teck of Binance X for developers said during the session: "ICO's removed the middleman between startups and people. IEO's added a layer of curation, diligence, and research." The Elrond Network seemingly added to that by stating: "After IEO, are you prepared for what's next? Raising money isn't enough. You need to build stuff." A recent report in Daily Fintech identifies the top seven platforms for IEOs, which are Binance Launchpad, OKEx Jumpstart, Huobi Prime, Bittrex, Kucoin Spotlight, Coineal, and Exmarkets Launchpad. Separately, Binance X is also hosting a meetup in Tel Aviv to learn about the platform and connect with other developers. (CJ)

a year ago

Vitalik Buterin at Ethereal: This Is How I’d Eliminate ICO Scams

The Ethereal Summit is currently taking place in Tel Aviv. One of the more interesting panels included Ethereum’s co-founder, Vitalik Buterin. Titled “Q&A On Ethereum 2.0 With Vitalik,” the discussion touched on plenty of things concerning the future of the network, including scalability solutions. Discussing one of the hottest trends of the past few months, Decentralized Finance (DeFi), Buterin touched upon a matter which has generated plenty of concern since 2017: the unacceptable number of scam Initial Coin Offerings (ICOs). Public Interest Projects: Appropriate Spin on ICOs ICOs were a hot topic back in 2017 and throughout most of 2018. Yet, as it turned out, the majority of the projects failed to deliver on their promises and couldn’t develop and deploy the product they’d raised money for. Hence, a lot of people consider them to be rather scammy. At the summit, Vitalik Buterin proposed a solution made possible by the concept of decentralized finance, something that’s become quite hot throughout the past few months. He refers to the solution as “public interest projects” and gave the following explanation: “This is a spin on the ICO idea that I had one and a half years ago. So the idea is, instead of projects having ICOs where people will just send them the money, and they, well, go away, you have a scheme where people put their tokens into a smart contract. The developers don’t just have access to the tokens, they can’t take them. Instead what happens is the money gets put in compound, or some other interesting thing and then the interest goes to the developers.” In other words, instead of people blindly trusting a particular project, they’d lock their tokens into a smart contract. That money would then be deployed into a DeFi solution providing a certain interest rate, and that’s how the project would fund its future endeavors. The idea is rather interesting, mainly because it takes away the risk for investors. Since their money would be locked in a smart contract, this would eliminate the risk of the project’s team disappearing “in Indonesia or something,” as Buterin said. The Power of Decentralized Finance Decentralized Finance has been perhaps one of the hottest topics among the crypto community throughout the past few months, and it’s catching on fairly quickly. Essentially, traditional financial systems would leverage the decentralized nature of blockchain-based technologies, making said systems faster, cheaper, and, most importantly, globally accessible. In Buterin’s words: “I’m very excited about what DeFi offers in principle. The idea that anyone, anywhere in the world can just have access to a system that lets them pay each other and basically lets them choose their own financial exposure is very powerful to me. That’s something that a lot of people just don’t have access to.” Yet, Buterin warned that people shouldn’t be encouraged to put their money into DeFi protocols given that they are as yet untested and have a non-zero chance of failure. The post Vitalik Buterin at Ethereal: This Is How I’d Eliminate ICO Scams appeared first on CryptoPotato.

a year ago

Vitalik Buterin Warns of Risks Tied to DeFi but Reportedly Remains 'Excited' About the Potential of Financial Tools

The Ethereal Summit in Tel Aviv featured Ethereum Co-Founder Vitalik Buterin in a Q&A session. They covered a great deal of ground. While Buterin reportedly remains "excited" about the prospects of Decentralized Finance, or DeFi, he warned: "They are new, they are untested, they do have a risk of breaking & we should not be encouraging people to invest their money in these things." Meanwhile, Ethereum incubator ConsenSys announced today: "Ethereum-focused blockchain firm @ConsenSys announced a new product suite for commercial applications of decentralized finance (DeFi), called Codefi." (CJ)

a year ago

ConsenSys announces Codefi: Blockchain OS for commerce and finance

Press Release Tel Aviv, Israel - September 15, 2019: Today, ConsenSys unveiled ConsenSys Codefi, an “operating system” comprised of tools and services to help anyone— from financial institutions and large enterprises, to entrepreneurs, developers, and decentralized networks— benefit from the digital transformation of the infrastructure, manufacturing, and distribution value chains in commerce and finance. Built on Ethereum, Codefi provides the ability to digitize business processes, payments, and assets such as equities, loans, and real estate. To reflect the complexity and global scale of the business, Codefi will be jointly led by London-based Lex Sokolin and New York-based Pat Perarducci as Global Fintech Co-Heads. In his inaugural Ethereal Summit keynote in Tel Aviv, Lex Sokolin introduced ConsenSys Codefi as a multifaceted solution with the potential to unlock value across a wide range of industries, enabling clients to: Incorporate blockchain-native authenticity, scarcity, and programmability into workflows and assets, enabling governance, compliance, and system incentives through secure APIs and scalable, customizable software Activate digital financial instruments to create and grow markets with potential for greater liquidity, reduced costs of capital, access to a broader investor and capital base, and improved incentive alignment between stakeholders Leverage the pioneering innovation of the Ethereum ecosystem to create compliant, production-ready blockchain solutions for use-cases across commercial and financial sectors As one of the earliest companies to architect production-ready blockchain solutions, ConsenSys has tokenized billions of dollars in digital assets, including a wide range of consumer products, currencies, real estate, and financial instruments, and has created software and infrastructure that has enabled tens of billions of dollars in blockchain-based transactions. ConsenSys has worked with governments, major enterprises, startups, and developers to digitize business processes and stores of value, thereby codifying their real-world attributes and enabling fractional ownership, expanded product lines, and new incentive models in business networks. “By leveraging Ethereum technology to digitize business processes and assets, we have, repeatedly, delivered real-life solutions that are so much better — more compliant, reliable, and cost-effective — that it is clear this is the future of commerce and finance,” says Patrick Berarducci, ConsenSys’ Global Fintech Co-Head. “But to do it correctly, and future proof it, you really need to optimize everything from business processes to compliance, infrastructure and protocol layers. That’s really hard, and that’s why we’re rolling out Codefi. To make it easier for everyone, and to ultimately accelerate the future of decentralized commerce and finance.” Lex Sokolin added, “Over the last decade, innovations in Fintech and the digital transformation of the financial industry has led to broader access to financial products. This is an empowering trend— more people and organizations can pay, save, borrow, and invest in an affordable way. With the global adoption of Ethereum as the programmable blockchain of choice, we see a massive opportunity to help clients benefit from next-generation financial infrastructure, using Codefi to lower the cost of manufacturing financial products and deploying them at scale.” Codefi has been in development in stealth since early 2019 and is comprised of a number of new and existing teams building Fintech solutions under a unified Finance and Commerce business vertical with ConsenSys. Codefi will include the following modules: ConsenSys Codefi The blockchain operating system for commerce and finance, built to optimize business processes and digitize assets and financial instruments Codefi Assets A platform to create, issue, and manage the lifecycle of digital assets, associated markets, and digital financial instruments on public or permissioned blockchain networks Codefi Payments A platform to send, receive, and manage cryptocurrency payments and revenue within a single dashboard Codefi Networks A suite of tools empowering anyone to utilize tokens and participate in decentralized networks Codefi Data A data, analytics, and risk management engine for digital assets, public blockchain tokens, and their growing networks In the weeks to come, Codefi will unveil more details on individual tools and services with client stories and key industry partnerships. For more information, please visit Codefi.Consensys.net. About ConsenSys: ConsenSys is a blockchain company dedicated to transforming the world’s digital architecture toward a more open, inclusive, and secure internet of value, commonly called Web3. With a more trustworthy internet architecture, ConsenSys is helping enterprises and governments unlock new business models and value, gain efficiencies through a shared IT infrastructure, and utilize modern

a year ago

Catch our Tech Evangelist @DenizOmer at @EtherealSummit Tel ...

Catch our Tech Evangelist @DenizOmer at @EtherealSummit Tel Aviv now! Of course you also don’t want to miss… https://t.co/AVpKwj4hzO

a year ago

eToro Launches New Programming Language For Derivatives Trading

Israel-based exchange eToro has launched a new programming language to simplify derivatives trading. eToro's chief blockchain specialist Omri Ross revealed it at the Ethereal Summit Tel Aviv 2019. Named Lira, it will reduce the risks involved in settling financial contracts and enable the creation of new derivative products from assets on the ethereum blockchain. It will soon be available to retail and institutional investors to begin experimenting with a range of contracts. Unlike other blockchain programming languages, eToro claims that Lira is domain-specific and can only perform a limited set of instructions. (VS)

a year ago

Vitalik Buterin in Ethereal: This Is How I Eliminate Scams In ICOs

The Ethereal Summit is currently taking place in Tel Aviv, Israel. One of the more interesting panels was that of Ethereum’s co-founder, Vitalik Buterin. Titled “Q&A On Ethereum 2.0 With Vitalik,” the discussion revolved around plenty of things concerning the future of the network, including scalability solutions. Discussing one of the hottest trends in the past months, namely, Decentralized Finance (DeFi), Buterin touched upon a matter which concerned plenty of people since back in 2017: the unacceptable number of scam Initial Coin Offerings (ICOs). Public Interest Projects: Appropriate Spin on ICOs ICOs were a hot topic back in 2017 and throughout most of 2018. Yet, as it turned out, the majority of the projects failed to deliver on their promises and couldn’t develop and deploy the product they raised money for. Hence, why a lot of people consider them to be rather scammy. Commenting on the matter, Vitalik Buterin proposed a solution made possible by the concept of decentralized finance - something that’s been getting quite hot throughout the past few months. He refers to the solution as “public interest projects” and gives the following explanation: What this is a spin on the ICO idea that I had one and a half years ago. So the idea is instead of projects having ICOs where people will just send them the money, and they, well, go away, you have a scheme where people put their tokens into a smart contract. The developers don’t just have access to the tokens, they can’t take them. Instead what happens is the money gets put in Compound, or some other interesting thing and then the interest goes to the developers. In other words, instead of people blindly trusting a certain project, they’d lock their tokens into a smart contract. That money will then be deployed into a DeFi solution which provides a certain interest rate and that’s how the project will be funding its future endeavors. The idea is rather interesting, mainly because it takes away the risk for investors. Since their money is locked in a smart contract, this eliminates the risk of the project running away “in Indonesia or something,” as Buterin said himself. The Power of Decentralized Finance Decentralized Finance is perhaps one of the hottest topics among the crypto community throughout the past few months and it’s catching speed fairly quickly. The main concept is that traditional financial systems would leverage the decentralized nature of blockchain-based technologies, hence making said systems faster, cheaper, and, more importantly, globally accessible. Commenting on the matter live at Ethereal Summit in Tel Aviv, Buterin said: I’m very excited about that DeFi offers in principal. The idea that anyone, anywhere in the world can just have access to a system that lets them pay each other and basically lets them choose their own financial exposure is very powerful to me. That’s something that a lot of people just don’t have access to. Yet, Buterin also warned that people shouldn’t be heavily encouraged to put their money in DeFi protocols mainly because they are still untested and have a non-zero chance of failure. The post Vitalik Buterin in Ethereal: This Is How I Eliminate Scams In ICOs appeared first on CryptoPotato.

a year ago

#DENT Team is at the #EtherealSummit in Tel Aviv, Israel! Co...

#DENT Team is at the #EtherealSummit in Tel Aviv, Israel! Cool conference, great to see such a vital community arou… https://t.co/0joMyxBCN8

a year ago

eToro Aims to Put Derivatives on the Blockchain With Lira Programming Language

At the Ethereal Summit Tel Aviv 2019, project lead Omri Ross said the new programming language will reduce the risks involved in settling financial contracts and enable the creation of new derivative products.

a year ago

Team Ost is in Tel Aviv rn... @betashop previewing @thepepo...

Team Ost is in Tel Aviv rn... @betashop previewing @thepepoapp built on https://t.co/quJkmMZxGq pre-launch at… https://t.co/vGfqANyh5Y

a year ago

Hey, #Waves Community in Tel Aviv! Up for the party? Join ou...

Hey, #Waves Community in Tel Aviv! Up for the party? Join our team at the closing ceremony of @tlvbw and spend your… https://t.co/oGL3M9LmOr

a year ago

If you're in Tel Aviv, we have great news for you! This Sund...

If you're in Tel Aviv, we have great news for you! This Sunday, @ikardanoff will be hosting a deep knowledge worksh… https://t.co/NWtQQwZE03

a year ago

McDonald’s (MCD) Acquires Startup to Add Artificial Intelligence to Its Drive-Through Restaurants

Coinspeaker McDonald’s (MCD) Acquires Startup to Add Artificial Intelligence to Its Drive-Through RestaurantsMcDonald’s (MCD) is one of the oldest and most popular fast food restaurant chains in the world and as with any other establishments that have been around as long, the company is constantly seeking ways to improve its service and the experience it gives customers. The 79-year-old restaurant has now announced the acquisition of Apprente, in a bid to improve its service using automated voice commands.Founded in 2017, Apprente is a Silicon Valley startup which focuses on the use of artificial intelligence to analyze and improve orders placed via a drive-through. Proper use of this technology could significantly improve McDonald’s service by reducing service time considerably.If all goes according to plan, McDonald’s hopes to also apply Apprente’s technology to orders placed using the company’s mobile app as well as its order kiosks. There is also the chance that McDonald’s could take advantage of this technology with recruitment, removing the need for the chain to employ more staff.Back in March, McDonald’s announced the acquisition of a startup known as Dynamic Yield based in Tel Aviv. At the moment, the menus in several stores are fixed and show pretty much the same thing, except when the company makes an addition.However, Dynamic Yield can use some algorithms to automatically infuse several categories of data including current weather, traffic, specific sales information from that particular branch as well as other branches, and even related events in the area. Using this, customers are greeted with several more options and suggestions based on these data, to create a better experience and a more appropriate meal.Just like the Apprente acquisition, specific financial details were not officially publicized although several reports had it that the Dynamic Yield acquisition was worth $300 million.Steve Easterbrook, McDonald’s CEO, has said in a statement, that the integration of new technologies will help create an unmatched customer experience. According to him:“Building our technology infrastructure and digital capabilities are fundamental to our Velocity Growth Plan and enable us to meet rising expectations from our customers, while making it simpler and even more enjoyable for crew members to serve guests. Apprente’s gifted team, and the technology they have developed, will form McD Tech Labs, a new group integrated in our Global Technology team that will take our culture of innovation one step further.”McDonald’s also announced that the new group called McD Tech Labs will be based in Silicon Valley and will have Apprente’s team as members with co-founder Itamar Arel as MCD Tech Labs vice president.Founded in 1940, McDonald’s is currently the world’s largest restaurant chain by revenue with almost 70 million daily customers in at least a hundred different countries. 2018 reports show that the chain has about 37,855 different restaurants in all of its host countries.McDonald’s Corporation (MCD) currently trades at $209.68, a 3.49% loss from its previous close at $217.26. MCD lost more than 4% over the last five days and a little over 3% in the last month. Regardless, MCD sits at Year To Date (YTD) plus of 18.08%McDonald’s (MCD) Acquires Startup to Add Artificial Intelligence to Its Drive-Through Restaurants

a year ago

eToro Market Update: Brexit, 5G Tech, Bitcoin Downward Break

eToro Market Update: Brexit, 5G Tech, Bitcoin Downward Break Hi Everyone, Writing to you today from the D&DD conference here in South Tel Aviv. Met a lot of interesting people already today. Give me a shoutout if you’re in town. I must admit that given the name of the conference I was expecting a more […]

a year ago


News courtesy of berminal.com
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