Archive for admin

Polychain CEO Says Facebook’s Rumored Stablecoin Blockchain Need to Be Public

Posted on by

Polychain Capital CEO Olaf Carlson-Wee thinks Facebook could be sensible to develop its stablecoin on a public, open blockchain infrastructure. Carlson-Wee delivered his remarks in the Consensus 2019 panel “To the Moon and Back” on May possibly 15.

“I feel provided all of the troubles that Facebook has had with policing their platform and factors like that, I assume that the strategic move for Facebook would essentially be to create public infrastructure. And that public infrastructure may be incorporated onto each of the Facebook platforms, which not surprisingly are proprietary. But that public infrastructure, if they do not try to own it, I assume that’s exactly where they may possess the most results.”

Carlson-Wee notes that an further advantage could be that by relinquishing manage more than the platform, in addition they prevent liability for controversy that requires spot around the platform; he compares the predicament for the creation from the internet.

Blockchain Infrastructure Firm Blockstream Launches Security Token Platform

Blockchain infrastructure firm Blockstream announced the launch of its security token platform in a press release shared with Cointelegraph on Could 15.

Per the announcement, the new Liquid Securities platform is a solution for organizations to problem safety tokens on the Liquid Network.

The platform will reportedly launch with four partners: investment platform BnkToTheFuture, multi-blockchain issuance platform TokenSoft, United States-based bank Zenus Bank, and game development studio Pixelmatic.

The announcement explains that the Liquid Network is often a settlement network connecting cryptocurrency exchanges, industry makers, brokers, and other economic institutions.

In March, Blockstream released a brand new version of its bitcoin (BTC) scalability computer software, c-lightning. The release included functionality enhancements, bug fixes and augmented privacy.

Comments Off on Polychain CEO Says Facebook’s Rumored Stablecoin Blockchain Need to Be Public Posted in Bitcoin, Cryptocurrency

Blockchain Infrastructure Firm Blockstream Launches Safety Token Platform

Posted on by

The announcement explains that the Liquid Network is really a settlement network connecting cryptocurrency exchanges, marketplace makers, brokers, and other economic institutions.

Crypto Exchange Seed CX Adds Support for 3 Stablecoins

The new stablecoin additions is often traded for U.S. dollars starting Could 17, and also the exchange is aiming to roll out trading pairs involving the stablecoins as well as other fiat currencies like the euro within the close to future. Seed CX CEO Edward Woodford commented on the impetus to add stablecoin alternatives: “Stablecoins are important within the ecosystem as they raise the velocity of movement of fiat equivalent assets 24/7 and had been requested by a variety of our trading participants.”

Bitcoin Touches $8,200, Gold Hits Its Highest Point Since April

Wednesday, Could 15 – All of the leading 20 coins are within the green immediately after seeing some losses more than the past day, with some reporting double-digit gains, as outlined by Coin360.

The Dow Jones Industrial Average reportedly closed up 115.97 points at 25,648.02 soon after falling as substantially as 190 points earlier inside the session. The S&P 500 gained 0.6% to end the day at two,850.96 when the Nasdaq Composite rose 1.1% to 7,822.15.

Comments Off on Blockchain Infrastructure Firm Blockstream Launches Safety Token Platform Posted in Bitcoin, Cryptocurrency

Polychain CEO Says Facebook’s Rumored Stablecoin Blockchain Should Be Public

Posted on by

Polychain Capital CEO Olaf Carlson-Wee thinks Facebook would be wise to construct its stablecoin on a public, open blockchain infrastructure. Carlson-Wee delivered his remarks at the Consensus 2019 panel “To the Moon and Back” on May 15.

Carlson-Wee explained that the blockchain platform he is referring to is 1 like bitcoin’s, in which the creator relinquishes manage over the platform they constructed. He argues that such an arrangement could be valuable to the social media giant, saying:

“I think offered all of the issues that Facebook has had with policing their platform and points like that, I feel that the strategic move for Facebook would essentially be to build public infrastructure. And that public infrastructure might be incorporated onto all the Facebook platforms, which needless to say are proprietary. But that public infrastructure, if they don’t try to own it, I believe that’s exactly where they’re going to have the most accomplishment.”

Carlson-Wee notes that an additional benefit could be that by relinquishing control more than the platform, additionally they prevent liability for controversy that takes place on the platform; he compares the circumstance to the creation in the internet:

“The folks that produced the web are not accountable for every thing that’s mentioned on the net.”

“If huge technologies businesses desire to place their resources toward developing public peer-to-peer crypto infrastructure, I’d be ecstatic.”

As previously reported by Cointelegraph, an anonymous source told Bloomberg that Facebook will roll out its cryptocurrency, purportedly a stablecoin, some time within the third quarter of 2019. Sources at the Wall Street Journal say that Facebook is searching for investments as much as $1 billion to fund the upcoming “FB Coin.”

Crypto Exchange Seed CX Adds Help for 3 Stablecoins

Chicago-based crypto exchange Seed CX has announced help for stablecoins Paxos (PAX), USD Coin (USDC), and TrueUSD (TUSD) within a press release on May 14.

The new stablecoin additions may be traded for U.S. dollars beginning May 17, as well as the exchange is aiming to roll out trading pairs amongst the stablecoins along with other fiat currencies such as the euro in the close to future. Seed CX CEO Edward Woodford commented around the impetus to add stablecoin possibilities: “Stablecoins are significant in the ecosystem as they enhance the velocity of movement of fiat equivalent assets 24/7 and had been requested by a variety of our trading participants.”

For margin trading, the press release states that these three stablecoins is often used as collateral having a minimum holding requirement of 10%, which permits investors to trade as much as 1,000% of the value for their present stablecoin holdings.

Whilst not but confirmed, the public Application Programming Interface (API) has been recently updated to contain the variables “isSpotTradingAllowed” and is “isMarginTradingAllowed.”

Binance CEO CZ linked to the post in an official twitter post, saying “Crowd intelligence is awesome.”

Capital Outflows From Main Crypto Exchanges Exceeded Inflows by ~$622 Mln in Current Days

Blockchain data provider TokenAnalyst estimates that capital outflows from big crypto exchanges have exceeded inflows by ~$622 million over the previous 5 days, Bloomberg reported on May 15.

Comments Off on Polychain CEO Says Facebook’s Rumored Stablecoin Blockchain Should Be Public Posted in Bitcoin, Cryptocurrency

Bitcoin Touches $8,200, Gold Hits Its Highest Point Since April

Posted on by

Wednesday, Could 15 – All of the best 20 coins are inside the green soon after seeing some losses more than the past day, with some reporting double-digit gains, based on Coin360.

The top digital currency bitcoin (BTC) is up over 4% on the day, trading at $8,135 at press time soon after reaching above $8,200. Earlier nowadays, bitcoin dropped beneath the $8,000 price point to trade as low as $7,807. On its weekly chart, bitcoin saw its lowest cost point at $5,942 on May 8, when its highest price tag point was $8,265 on May possibly 14.

Stellar Node Outage Causes Two-Hour Total Transaction Freeze

Stellar, whose lumens token is presently the eighth-largest cryptocurrency by industry cap, went down totally for about 110 minutes Wednesday.

The trigger, it seems, was a mass offlining of Stellar Improvement Foundation (SDF) nodes, which the majority in the network trusts.

Accordingly, other participants failed to locate consensus for blocks, and no transactions have been validated till developers resolved the concern.

“I truly hope we’ll get a actual debate about decentralization immediately after this occasion. And concerning the methods to achieve this decentralization,” the user, Reddit user u/cryptobrant, commented following flagging the challenge. The user continued: “The far more the network grows as well as the much more newcomers trust always the identical nodes, the more tough it’ll get to achieve decentralization.”

Stellar, nonetheless, did not escape criticism over its structure from elsewhere within the cryptocurrency industry, former blockchain consortium R3 executive Tim Swanson additional suggesting it had limited appeal as a platform.

“What basically happened was that a vital mass of nodes went down causing a cascading failure and so the entire network went down but since it isn’t frequently utilised, few noticed,” he summarized on Twitter.

Crypto Platform Will Allow Workers to Obtain Salary They are Owed on Demand

A crypto-focused payment platform says it is aiming to decrease financial pressures on daily customers by enabling them to get their salaries early – whenever they demand it.

JobCoin says a startling number of hard-working people are falling victim to loan sharks and high-interest loans, or racking up unsustainable credit card bills as they try to grapple with sudden expenses. The startup’s notion indicates workers can request to be compensated for the hours they’ve already completed, even though their typical payday is actually a few days or weeks inside the future.

Explaining its objectives in its white paper, the firm added: “The predominant mission with the JobCoin will be to lower poverty and inequality within the globe, in specific, but not restricted to, by way of the enhancement of working conditions for reduced to middle-income workers, industrious immigrants and overseas workers.”

Comments Off on Bitcoin Touches $8,200, Gold Hits Its Highest Point Since April Posted in Bitcoin, Cryptocurrency

Bitcoin Touches $8,200, Gold Hits Its Highest Point Since April

Posted on by

Wednesday, May 15 – All of the prime 20 coins are within the green immediately after seeing some losses over the past day, with some reporting double-digit gains, according to Coin360.

The leading digital currency bitcoin (BTC) is up over 4% around the day, trading at $8,135 at press time right after reaching above $8,200. Earlier currently, bitcoin dropped under the $8,000 price point to trade as low as $7,807. On its weekly chart, bitcoin saw its lowest price point at $5,942 on Might 8, while its highest price point was $8,265 on May 14.

Today, Erik Voorhees, CEO of instant cryptocurrency exchange platform ShapeShift, argued that the volatility observed in bitcoin and altcoin markets through the years is often a necessary phenomenon for a nascent asset, stating that bubbles are an essential part of the industry’s growth.

The second largest coin by industry capitalization, ether (ETH), has almost 15% development inside the last 24 hours, and is trading at about $237 at press time. Through the week, ETH has been steadily gaining in cost, and is at the moment up 39% over the last seven days.

Ripple (XRP) has gained virtually 9.59% around the day, and is trading at $0.432 at press time. The altcoin began the day close to $0.399, progressively reaching the current price tag point. More than the week, the third largest cryptocurrency by market place cap registered its lowest cost point at $0.294 on Might ten and hit the highest worth of about $0.438 earlier today.

Following the coin’s tough fork, BitMEX reported that the bitcoin money network knowledgeable troubles processing transactions.

As CNBC reported earlier these days, spot gold was up 0.1% at $1,298.26 per ounce, having hit its highest level since April 11 at $1,303.26 on Tuesday. U.S. gold futures settled $1.50 greater at $1,297.80.

Comments Off on Bitcoin Touches $8,200, Gold Hits Its Highest Point Since April Posted in Bitcoin, Cryptocurrency

Blockchain Infrastructure Firm Blockstream Launches Security Token Platform

Posted on by

Blockchain infrastructure firm Blockstream announced the launch of its security token platform inside a press release shared with Cointelegraph on May 15.

Blockstream Chief Security Officer Samson Mow claims that when corporations are prepared to concern tokenized securities, platforms like Ethereum are certainly not the right option because of their scalability, privacy and reliability limitations. Blockstream claims that its platform is far more suitable for such use: “Now, with all the launch of Liquid Securities, businesses can promptly challenge Liquid-based security tokens with all the click of a button,and establish sophisticated rulesets to conform with their regulatory needs…”

The platform will reportedly launch with four partners: investment platform BnkToTheFuture, multi-blockchain issuance platform TokenSoft, United States-based bank Zenus Bank, and game improvement studio Pixelmatic.

In March, Blockstream released a new version of its bitcoin (BTC) scalability application, c-lightning. The release incorporated efficiency enhancements, bug fixes and augmented privacy.

Blockchain Infrastructure Firm Blockstream Launches Safety Token Platform

Blockchain infrastructure firm Blockstream announced the launch of its safety token platform in a press release shared with Cointelegraph on May 15.

Blockchain Infrastructure Firm Blockstream Launches Security Token Platform

Blockchain infrastructure firm Blockstream announced the launch of its security token platform inside a press release shared with Cointelegraph on May 15.

Comments Off on Blockchain Infrastructure Firm Blockstream Launches Security Token Platform Posted in Bitcoin, Cryptocurrency

Bitcoin, Ethereum, Ripple, Bitcoin Money, Litecoin, EOS, Binance Coin, Stellar, Cardano, TRON: Price tag Evaluation for May

Posted on by

We’ll watch for the LTC/USD pair to choose up momentum and quickly rally above $102, else the bears will once again attempt to sink the pair back under the breakout amount of $91. If the price slips back below $91, it can weaken the breakout. We could close the position when the cost sustains under $91.

EOS is searching robust as it has broken out on the overhead resistance at $6.0726. It might now climb for the subsequent overhead resistance at $6.8299. If this level is also crossed, the digital currency is likely to pick up momentum. The 20-day EMA has began to slope up as well as the RSI has reached the overbought zone. This suggests that the bulls have the upper hand.

When the EOS/USD pair fails to ascend $6.8299 within the first try, it may possibly consolidate close to the resistance for any few days or correct toward the 20-day EMA. The trend will turn in favor of the bears in the event the value slides beneath the powerful help zone of $4.4930-$3.8723.

Binance Coin (BNB) produced a brand new lifetime high on Might 13, which failed to sustain. However it has once again risen to new highs these days. A cryptocurrency that breaks out to new highs using a strong move signals that there’s more to come.

The 20-day EMA has started to turn up and also the RSI has also climbed in to the bullish territory. This suggests that bulls possess a minor benefit. The traders can get on a close (UTC time frame) above $0.094256. We’ll suggest a quit loss right after the trade triggers.

On the other hand, if the bulls fail to ascend the overhead resistance of $0.094256, the ADA/USD pair may possibly stay variety bound for any couple of much more days. It’s going to turn unfavorable on a break below the current lows of $0.057898.

Tron (TRX) has lastly broken out from the variety. In the event the bulls sustain the breakout, it can indicate the start off of a new uptrend. Consequently, we retain our acquire recommendation offered in an earlier analysis. Because the digital currency had been consolidating for a very long time, we expect the next rally to last extended and attain $0.050, with a minor resistance at $0.040.

Blockchain Infrastructure Firm Blockstream Launches Security Token Platform

Blockchain infrastructure firm Blockstream announced the launch of its security token platform within a press release shared with Cointelegraph on May, 15.

Blockstream Chief Security Officer Samson Mow claims that when corporations are prepared to situation tokenized securities, platforms like Ethereum usually are not the proper option as a result of their scalability, privacy and reliability limitations. Blockstream claims that its platform is far more appropriate for such use: “Now, using the launch of Liquid Securities, organizations can promptly issue Liquid-based security tokens together with the click of a button,and establish sophisticated rulesets to conform with their regulatory requirements…”

The platform will reportedly launch with four partners: investment platform BnkToTheFuture, multi-blockchain issuance platform TokenSoft, United States-based bank Zenus Bank, and game improvement studio Pixelmatic.

In March, Blockstream released a new version of its bitcoin (BTC) scalability software, c-lightning. The release incorporated performance enhancements, bug fixes and augmented privacy.

Blockchain Infrastructure Firm Blockstream Launches Safety Token Platform

Blockchain infrastructure firm Blockstream announced the launch of its safety token platform inside a press release shared with Cointelegraph on May 15.

Per the announcement, the new Liquid Securities platform is often a remedy for companies to concern safety tokens around the Liquid Network.

Comments Off on Bitcoin, Ethereum, Ripple, Bitcoin Money, Litecoin, EOS, Binance Coin, Stellar, Cardano, TRON: Price tag Evaluation for May Posted in Bitcoin, Cryptocurrency, Ethereum

Major Crypto Exchange in Korea Shuts Down: 2018 Was a Nightmare for most

Posted on by

While not numerous key crypto exchanges have closed their operations within the previous year, most exchanges – with all the exception of some platforms regarded as to possess genuine daily volumes by Bitwise Asset Management – have struggled to preserve a stable inflow of income.

The bear market was particularly hard for tiny exchanges that happen to be identified to strategically inflate their volumes to appeal to users on major marketplace data platforms like CoinMarketCap.

Profit margins sharply dropped because of a general drop in everyday volumes for smaller sized exchanges, for instance, Korbit in South Korea, generating a tricky atmosphere to survive in.

As outlined by a report from the Block, Binance generated a quarterly profit of about $71 million from January to March 2019, nearing the annual operating profit of Upbit, South Korea’s biggest crypto exchange.

Last month, the company’s research revealed that at the least 95% of crypto crimes investigated by law enforcement involve BTC.

Chainalysis also recently expanded its real-time transaction monitoring tools to cover ten cryptocurrencies in response to demand from law enforcement agencies.

Bitcoin Will likely be ‘Alive and Nicely,’ Says Renowned Emerging Markets Investor Mark Mobius

Veteran frontier markets investor Mark Mobius has stated he believes cryptocurrencies will show resilience as a result of continuing demand for new forms of value transfer. Mobius produced his remarks for the duration of an interview with Bloomberg on Could 15.

Mobius is actually a seasoned and pioneer investor in creating nations and emerging economies, earning international recognition for his decades-long function at global investment firm Franklin Templeton. Final year, he retired to launch a brand new asset management boutique, Mobius Capital Partners.

Mobius nonetheless stopped brief of endorsing crypto investment in unequivocal terms, underscoring the dangers he perceives to be inherent to their decentralized structure: “Whether I’d invest in it can be one more query, because it has extraordinary volatility and in the end with the day, you cannot trace 1 individual or group or organization that would maintain track of what exactly is going on.”

“You have to be incredibly careful,” he noted, underscoring that he himself holds no investments in bitcoin.

Cointelegraph has previously reported on Mobius’ response towards the hardline anti-crypto stance adopted by China – notably the country’s September 2017 ban on crypto exchanges and initial coin offerings – which he viewed as at the time would probably draw risk-shy investors back to gold.

Huobi Launches OTC Desk for Institutional Investors

Jeff Adams, Senior Sales Manager for Huobi Global, stated that the launch of Huobi OTC Desk was driven by demand from investors for substantial volume transactions, claiming that the business has noticed an “unfilled need” for such solutions.

According to the announcement, Huobi OTC Desk supports big cryptocurrencies like bitcoin (BTC) and ether (ETH), too as fiat currencies like the Usa dollar (USD), euro (EUR), and British pound sterling (GBP).

Earlier this year, Huobi reported that its P2P OTC desk has become one particular from the most traded OTC platforms worldwide. The desk delivers OTC transactions in bitcoin, ether, eos (EOS), big stablecoin tether (USDT), Huobi Token (HT), at the same time as ripple (XRP), which was listed in March 2019.

Comments Off on Major Crypto Exchange in Korea Shuts Down: 2018 Was a Nightmare for most Posted in Bitcoin, Cryptocurrency, News

Regardless of Crypto Comeback, Prominent Investor Does not Expect Ethereum 2.0 Till 2021

Posted on by

The Huge Question at Ethereal Summit NY: Is DeFi Sufficient for Ethereum?

That was the tension on display at Day 1 in the ConsenSys-organized Ethereal Summit NY, a Blockchain Week gathering held at Pioneer Operates in Red Hook, Brooklyn on Friday.

Earlier in the day, Messari founder Ryan Selkis presented a counterpoint. If ethereum, he argued, truly reinvents finance, that could be a lot.

“If you believe about ethereum as programmable dollars and decentralized finance (DeFi) applications, that’s almost certainly excellent enough,” Selkis argued.

Still, speakers kept coming back to DeFi, which was unquestionably a significant recurring theme for the day, given the rise of ethereum lending platform MakerDAO. However it was also clear that the crowd was not prepared to give up on ethereum operating the decentralized web.

Soleimani’s “ultimate bull case” for the blockchain, for instance, was when DeFi reaches the nation-state level.

Comments Off on Regardless of Crypto Comeback, Prominent Investor Does not Expect Ethereum 2.0 Till 2021 Posted in Cryptocurrency, Ethereum

The Huge Question at Ethereal Summit NY: Is DeFi Adequate for Ethereum?

Posted on by

Ethereum’s accurate believers think the world’s second-largest blockchain can nevertheless be all-encompassing. Other individuals feel a more-focused path will be greatest.

Ethereum co-founder Gavin Wood says Bitcoin [BTC], Ethereum [ETH] aren’t decentralized

The cryptocurrency space is known for being quite a few items, the beacon of financial freedom, the innovation hub for the dichotomy of finance and technology, plus the developer’s paradise, but as a result of polarising natures of camps, toxicity amongst and within networks is rampant. Gavin Wood, the co-founder and former CTO of Ethereum stated the same.

He stated: “It’s extremely nationalistic, maximalistic, whatever you should contact it. There are tribes, and you’ll find persons who can no longer appear in the technical aspects, and they just put their flag inside the sand and it’s now it’s almost turned into a religion.”

In light of this, the former Ethereum executive stated: “There are folks who are now refusing to accept that you can find may well be fantastic, solid technical causes why you could want chains beyond Ethereum”

The best altcoin and his former project aren’t cost-free from centralization either. Ethereum is beneath the handle in the Ethereum Foundation, holding the Ethereum trademark, and therefore the foundation can wield this energy against the neighborhood in the course of upgrade oppositions, he opined. The sole purpose for calling the Ethereum network “decentralized” is because Vitalik Buterin, one more co-creator, “isn’t a dictator”.

Ethereum (ETH) Decoupling, Project Has Additional Monthly Active Developers

On typical, you’ll find 216 monthly active developers working on enhancing Ethereum (ETH) superior. That is definitely bullish now that the aim will be to transition from Proof-of-Work to a staking system in Serenity. Within the lengthy term, ETH is bullish. Meanwhile, costs should close above $190 in a breakout trade.

The crypto space is vibrant and back to green. Even so, we need to note that there’s a degree of decoupling amongst Bitcoin, the market place leader and altcoins, such as Ethereum. Note that in spite of Bitcoin (BTC) surging, Ethereum (ETH) rates aren’t responding as per traders’ expectations. In the last day, ETH is down 0.8 percent, struggling to breach $170 and up a mere 5.3 percent from last week’s close.

Comments Off on The Huge Question at Ethereal Summit NY: Is DeFi Adequate for Ethereum? Posted in Cryptocurrency, Ethereum
« Older Entries