Over the past few months, decentralized finance — best known as “DeFi” — has been branded Ethereum’s killer use case. Indeed, data from sites like DappRadar show that a majority of smart contract volume on the second-largest blockchain is related to many of these DeFi apps, which offer bank-like services to users. But, a series of recent issues with the budding DeFi ecosystem on Ethereum has thrown a wrench in that narrative, with these problems […]
Social media giants are no longer opposing the power of decentralization and bitcoin technology. Instead, they are embracing it to solve the problems of a centralized Internet and put the power back in people’s hands. Bitcoin Decentralization ‘could unload some of their burdens.’ Since Bitcoin’s inception, many in the financial and technology sectors saw Bitcoin and its blockchain technology as a threat. And, their first reaction was to oppose it vehemently. Inevitably, however, the concept
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A fundraising platform from Berlin, Neufund, just completed the first blockchain-based IPO for a company called Greyp, raising €1.4 million. The world’s first blockchain-based Initial Public Offering (IPO) was recently closed in Berlin, Germany. The IPO was held by a fundraising platform, Neufund, for an e-mobility startup called, Greyp. The offering attracted around 1017 investors, from 34 different countries. The IPO had a minimum investment of €100 and was fully compliant with the local regulations.
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Bitcoin’s inception in 2009 introduced the concept of hard money to the world. A peer-to-peer financial settlement system which is free from centralized control. It also gave an insight into a system that democratizes data storage – blockchain. It is called today is the bedrock on which Bitcoin functions. Made up of two words, ‘block’ and ‘chain’, blockchain is literally a chain or a series of ‘blocks’. These blocks or data clusters are linked to
Prominent Korean crypto exchange, Bithumb, has plans to create a new blockchain platform, and it is currently searching for Indian partners to collaborate with. Bithumb is coming to India. According to the major cryptocurrency trading platform’s recent announcement, Bithumb plans to develop a new blockchain platform specially designed for India and its growing number of crypto users. The project is named the Bithumb Chain, and it will be available for many Indian startups, companies, as
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Blockchain as a solution for supply chains is the next big thing for Coca-Cola bottling companies. The usage of distributed ledger and cryptography solutions for supply chain logistics has been one of the hottest use cases for the technology. The SAP Solution is Permissioned Business-Grade Blockchain As reported by Business Insider, more than 70 franchises of the Coca-Cola Company worldwide can now use the blockchain solution developed by SAP. Unlike public blockchains, this permission-based solution
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The advent of Bitcoin is fueling the evolution of financial technologies, including telecommunications, and hardware with crypto-friendly features. The latest innovation, HTC’s cryptophone Exodus 1, will hit the market in December 2019. This device performs both as a smartphone as well as a Bitcoin cold wallet. Chen: “For the smartphone category to grow again, we need more adoption of cryptophones.” HTC Corporation, a Taiwanese phone maker, is shifting its business strategy towards new technologies. In
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TRON founder, Justin Sun, says the bear market is over but that Bitcoin will trade in a tight range in 2019. Bitcoin Will Trade Between $3,000 and $5,000 Speaking to Huoxing24, Sun declared that the cryptocurrency bear market was over. According to the TRON chief, Bitcoin won’t see another massive price breakout within the next three to five years. Instead, Sun expects the top-ranked cryptocurrency to fluctuate between $3,000 and $5,000. For Sun, 2019 is
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China has introduced new regulations intended to promote the ‘healthy development’ of blockchain technology. However, the new law also entitles the Cyberspace Administration of China to supervise node operators, as well as to request private information. New Blockchain Regulations China’s Office of Central Cyberspace Affairs Commission (CAC) issued new regulations dubbed “Regulations on the Management of Blockchain Information Services.” According to the release, the new law will take full effect on February 15th. The regulations
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McKinsey & Company, the leading consulting firm, says blockchain technology is failing to transition past its pioneering stage. The company notes, however, that payments may not be the best use-case for a complex technology like blockchain. Houston, We Don’t Have Lift Off Major consulting company McKinsey & Company has published an article on the current issues faced by blockchain technology as a whole. The firm argues that all through 2017 and 2018 the industry has seen
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‘Boring’ isn’t usually a word associated with blockchains. However, according to a recent article by MIT Technology Review, that’s exactly what they will become this year — as well as more useful. You don’t have to be a crypto veteran to know that this industry is famously volatile. The highs and (mostly) lows of recent months are characteristic of the crypto space. An 80 percent drop in value from one year to the next is
WePower (WPR) is in the spotlight this week for bridging green energy and blockchain technology. WPR looks like a solid contender to outperform Bitcoin returns in December. Niche Cryptocurrencies Every week provides new opportunities to find undervalued cryptocurrencies. These cryptocurrencies can produce returns far in excess of BTC. As BTC looks to recover from recent slumps many altcoins should trend with it. This week is no different as WePower (WPR) stands out for numerous reasons.
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The launch of FinHub shows that the US Securities Exchange Commission (SEC) is increasingly focusing on 4th Industrial Revolution technologies. Among these technologies, Bitcoin and artificial intelligence (AI) continues to enjoy prominence. Crypto Enthusiasts Can Engage the SEC through FinHub On October 18, 2018, the SEC launched the Strategic Hub for Innovation and Financial Technology (FinHub) to channel all issues related to financial technology (FINTECH) and blockchain technology, including Bitcoin and other cryptocurrencies. Moreover, FinHub centers on
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The future of real estate and the mortgage business are set to be revolutionized by tokenized properties. Now Everyone Gets a Slice A $30 million Manhattan building has become New York City’s first luxury property to be tokenized on blockchain. The building is located in East Village and contains twelve 1,700 square foot condos. The entire property is now represented by an unconfirmed number of tokens on a public blockchain, and each token stands for
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On September 25th, Facebook reported a security issue that affected almost 50 million users. Hopefully, this security breach will drive Facebook management to accelerate its efforts to improve data privacy by incorporating blockchain technology. 50 Million Facebook Accounts Were Vulnerable A Facebook vulnerability affecting almost 50 million user accounts has been the most significant security incident suffered by the company to date. According to a company security update, undergoing investigations so far reveal that, Earlier
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The government of Austria, like almost every other on the planet, is sinking deeper into debt. The country is planning to raise 1.15 billion euros in an auction next Tuesday. In an effort to reduce costs and increase efficiency, the bonds will be issued and authenticated using the Ethereum blockchain. Austrian finance minister Hartwig Löger said the following in a statement: For us, blockchain technology is an important part of economic policy. With the establishment
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Several technological initiatives and devices designed to make Bitcoin transactions faster, safer, and cheaper are streaming into the crypto space. The latest is Spark, which is a wallet that facilitates sending and receiving Bitcoin, using c-lightning. Simple Interface to Pay with Bitcoin over the Lightning Network The Lightning Network is growing, enabling faster transactions among nodes. This phenomenon is now gaining added momentum with the advent of new technologies, such as Spark. Spark is a new
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Despite the fact that the overall cryptocurrency market has declined with around 70 percent since January 2018, interest in blockchain-based technology grows stronger. Yet another major company, UPS, demonstrates its serious intentions for implementing DLT in its operations. UPS Boards the Blockchain Bandwagon The shipping giant UPS has filed an application for a patent with the US Patent & Trademark Office. The company seeks legal protection for a system which takes advantage of blockchain-based technology
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The struggle is real. When it comes to education, all stakeholders whether parents, guardians; students or teachers, face an uphill struggle with the system. This educational system has largely remained unchanged for centuries. High school and university students have no option but to pursue a widely paper-based education and learn in a classroom environment that has stayed largely untouched. During the course of their lives, today’s students have the recourse to the latest of technologies,
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Have you heard of the unbanked? According to The World Bank, “Globally, about 1.7 billion adults remain unbanked—without an account at a financial institution or through a mobile money provider.” Even doing something as simple as paying a water or gas bill can be very time consuming and stressful for the unbanked, especially if the region they live in is politically unstable. To illustrate, a person without a bank account would typically pay a utility