Čvn 21

Akon Launches Akoin to Be ‘Savior of Africa’

· June 21, 2018 · 12:00 am

US singer-songwriter Akon has become the latest celebrity to launch a cryptocurrency — as he proclaims his belief the underlying technology “could be the savior of Africa.”


Akoin ‘Will Be Center Of Transactional Life’

Originally reported by Page Six, Akon — who is originally from Senegal — revealed at this year’s Cannes Lions International Festival of Creativity that he wants to use Akoin as part of a giant 2000-acre development called Akon Crypto City. Akon stated:

I think that blockchain and crypto could be the savior for Africa in many ways because it brings the power back to the people and brings the security back into the currency system and also allows the people to utilize it in ways where they can advance themselves and not allow government to do those things that are keeping them down.

Akon is currently heavily involved in humanitarian projects, having set up Lighting Africa — a project to bring solar power to Africa — in 2014.

The star appears to have built a presence, with the president of Senegal donating the 2000 acres needed for the Crypto City — which describes itself as “a first of its kind 100% crypto-based city with Akoin at the center of transactional life.”

That’s A Rap

Akon is not the only well-known personality to have ventured into the world of cryptocurrency.

Wu-Tang Clan member Ol’ Dirty Bastard became indirectly linked with the industry after his son launched a coin, while rapper 50 Cent made headlines earlier this year after claiming he “forgot” about $8 million in Bitcoin holdings — only to deny the claims to a judge weeks later. DJ Khaled was also involved with CTR Token, which was deemed a fraud by the U.S. Securities and Exchange Commission.

Akon, meanwhile, appears to be adopting a somewhat hands-off approach to the technical reality of creating and launching an altcoin, stating:

I come with the concepts and let the geeks figure it out.

What do you think about Akon’s cryptocurrency plans? Let us know in the comments section below! 


Images courtesy of Shutterstock.

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CashBet Raises $38 Million for World’s First Complete Crypto-Ready Mobile iGaming Platform

· June 19, 2018 · 11:00 pm

Participants in over 100 countries contribute to CashBet Coin’s successful token sale.


ALDERNEY, CHANNEL ISLANDS — JUNE 19, 2018 —  Leading mobile-first iGaming platform provider CashBet (https://coin.cashbet.com/) today announced the successful completion of its token sale, raising $38 million to develop the world’s first complete crypto-ready mobile iGaming platform, becoming the largest iGaming ICO project ever. Participants from over 100 countries took part in the ICO, helping CashBet Coin reach its hard cap of 142,975,000 tokens. Token distribution is currently underway and will continue through the end of June. CashBet Coin’s partners include Arsenal Football Club, Lottery.com, Greentube, and Imperial Play. CashBet Coin is now listed on Bittrex as CBC.

“The success of the CashBet Coin token sale demonstrates a clear need for compliant, user-friendly iGaming solutions,” said Mike Reaves, CEO and Co-Founder of CashBet. “We look forward to continuing to build the CashBet community and deliver on our roadmap to develop the world’s first complete crypto-ready mobile iGaming platform.”

In business since 2012, CashBet supports more than 450 games on its platform. As the only crypto-casino platform licensed by the world’s most reputable tier-1 gaming jurisdictions, CashBet delivers an iGaming experience that is legal, safe, and profitable.  CashBet is the first and only vertically integrated iGaming solution to leverage blockchain technology for transparent operations, increased speed, and lower transaction fees.

CashBet’s partnership with Arsenal Football Club made Arsenal the world’s first major team in soccer to officially partner with a cryptocurrency. CashBet is Arsenal’s exclusive and official blockchain partner, giving CashBet Coin prominent brand placement via in-stadium advertising at home games in Emirates Stadium. Novomatic’s Greentube subsidiary will be accepting CashBet Coin as a payment method on its GameTwist social casino platform. Lottery.com will integrate CashBet Coin as a payment method across its sites and apps, and integrate CashBet’s proprietary iGaming platform to power its social impact raffles.

CashBet Coin democratizes access to world-class iGaming entertainment by enabling players in underserved markets to wager in CashBet-powered casinos. Players benefit from access to a variety of provably fair content, reduced transaction costs, and fast payouts.

About CashBet

CashBet is a leading mobile-first iGaming platform provider and turnkey operator. CashBet’s platform empowers real-money, social, and skill-based gaming apps and websites worldwide. By integrating CashBet’s software, game developers can legally launch online gambling games without needing to be licensed. With CashBet’s feature-rich platform, operators gain access to player segmentation, bonusing, campaign management, and other patent-pending features to enable a profitable iGaming operation from day one. CashBet is licensed by the Alderney Gambling Control Commission and the UK Gambling Commission. For more information, please visit www.cashbet.com.

MEDIA CONTACT: Transform Group, [email protected]


Images courtesy of CashBet

The content of this article was provided by the company referenced. Bitcoinist does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions related to the company.

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Such Currency, Much #Fail: Dogecoin Transactions 300% Higher Than Bitcoin Cash

· June 18, 2018 · 10:00 pm

Dogecoin (DOGE) processes three times as many transactions as Bitcoin Cash (BCH) per day, data shows this month — as Bitcoin’s (BTC) hash rate expands to an all-time high. 


Unlikely Success?

Figures reproduced on Twitter by social media commentator Armin van Bitcoin confirm the curious rise of DOGE, which has seen renewed attention this year after its surprise use in a chain swap project with Ethereum.

As of June 15, the Dogecoin network’s daily transaction numbers outran Bitcoin Cash by a ratio of three to one. Against BCH’s 12,700 transactions, Dogecoin saw 38,400.

DOGE currently trades at under $0.002, having lost around half its value since April, when prices reached their most recent peak of $0.0056. The altcoin’s highest-ever price continues to be $0.017 from January, while holders continue waiting for a previously-promised hard fork later in the year.

Bitcoin Hashrate Hits All-Time High

The latest performance continues a trend which has captured cryptocurrency industry attention in 2018 — Bitcoin Cash having lost out to Bitcoin’s Lightning Network in April when its node count surpassed the number of available BCH nodes for processing transactions. Lightning had begun its mainnet existence at the beginning of the year, while BCH had debuted in August 2017.

At the same time, despite downward market pressure deflating prices, Bitcoin continues to exhibit increasingly strong fundamental network statistics.

Running data from Blockchain.info reveals the Bitcoin network hash rate reached its highest level in history earlier in June, capping an upward trend which continues to rise.

As Bitcoinist reported Monday, naysayers calling the beginning of the end for Bitcoin continue to be confined to traditional banking circles, while warnings of further price slides do not reflect sentiment beyond that of trading circles. 

What do you think about Dogecoin’s transaction numbers and Bitcoin’s hash rate? Let us know in the comments section below! 


Images courtesy of Twitter/@ArminVanBitcoin, CoinMarketCap.com.

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EOS Tokens Not For Passive HODLers

· June 17, 2018 · 10:00 pm

If you’ve bought into EOS with an intention to be a long-term HODLer without having to do anything with the tokens, you might want to reconsider. According to the project’s Constitution, if your account is inactive for 3 years, it may be put up for auction. A closer look EOS’ highest law can certainly make you raise an eyebrow.


EOS, the project which raised $4 billion in a year-long Initial Coin Offering (ICO), has put down a set of rules in what is referred to as their Constitution. While rumors have it that this is just a proposition and that the EOS community has to ratify it, the very first introductory statement of the document reads:

This constitution is a multi-party contract entered into by the Members by virtue of their use of this blockchain.

Lack of Definitions and A Lot of Controversies

Lack of Definitions and A Lot of Controversies

The document, placed in the projects GitHub, is contributed by two people – Thomas Cox, Block.one’s VP of Product, and Danial Larimer – the company’s Chief Technical Officer (CTO). Taking a closer look at the text, though, would make anyone, even people without any legal background, ask a few questions.

Starting off with the sentence mentioned above, the lack of a definition for the term “Member”, could constitute future issues. Let’s break it down a bit.

Article XIII of EOS’ Constitution states the following:

This Constitution and its subordinate documents shall not be amended except by a vote of the Token Holders with no less than 15% vote participation among tokens and no fewer than 10% more Yes than No votes, sustained for 30 continuous days within a 120 day period.

As we’ve already reported, 10 addresses hold 50% of all EOS tokens. In theory, 10 entities have the complete constitutional freedom to dictate the way this fundamental law turns out.

Circling back to the definition of a “Member” – as it’s currently not established, a potential vote can essentially define it in any way the majority finds suitable. But even if it was defined, those 10 entities would have the power to change it. As a matter of fact, they can change whatever they want, as per the current version of the text.

In other words, while we can presume that a member is anyone who holds any amount of EOS token, that’s not defined, nor are they referenced.

The logical question here is: what if the majority decides that in order for one to be a Member, one has to have a specified amount of tokens?

Developers’ Immunity

Developers’ Immunity

Article XVIII of the Constitution states:

Members agree to hold software developers harmless for unintentional mistakes made in the expression of contractual intent, whether or not said mistakes were due to actual or perceived negligence.

First off, the terminology used in this clause makes it particularly hard to decipher its actual purpose. What is more, it’s hard to make any kind of differentiation between “actual” and “perceived”, when it comes to negligence.

Legal technicalities aside, spreading immunity over unintentional and negligent mistakes is risky, if not dangerous. Especially when the definition for a “developer” is so broad, according to the same document:

Each Member who makes available a smart contract on this blockchain shall be a Developer. – Article VIII of the Constitution.

If the intention of this Constitution is to truly serve as a fundamental law, which is the very definition of a Constitution in the first place, determining whether a developer has acted negligently or not will have to serve as merit when defining his responsibility and whether he can be held responsible at all.

Long-Term HODLers Ruled Out

Article XVII of EOS’ Constitution states:

A Member is automatically released from all revocable obligations under this Constitution 3 years after the last transaction signed by that Member is incorporated into the blockchain. After 3 years of inactivity an account may be put up for auction and the proceeds distributed to all Members by removing EXAMPLE from circulation.

Presumably, this rule intends to stimulate usage and activity. However, it also outlaws all investors who’ve put their money into the project, believing that it would do well from a pure, straightforward investment perspective.

Furthermore, it suggests that the EOS’ executives (the ones who contributed and presumably drafted the text), for whatever reason, are excluding the possibility that long-term investors would be active. It’s worth pointing out that traditional Constitutions are also punishing inaction. However, there are obligatory requirements where said inaction is penalized only and if it causes or could have caused harm in any shape or form.

EOS’ first and foremost law, however, doesn’t give any explanations as to why inactivity is being formally penalized, which goes against the very nature of a constitutional document.

Unfortunately, the above does not even begin to describe all the loopholes which can easily be abused by the powerful few of EOS.

While EOS New York is making the case that the aforementioned document is not the “final” version, and that it only constitutes a proposal, that is not how it looks. Nowhere in EOS’ official whitepaper is it mentioned how said Constitution is to be enacted or who is the one who should have proposed it in the first place – the only thing we know is the way to change or amend it.

And amid all this confusion, a humorous, yet painfully spot-on Twitter comment on the matter hits the sweet spot:

Do you think this EOS Constitution is needed? Won’t it cause more harm than good? Don’t hesitate to let us know in the comments below!


Images are courtesy of Pixabay, Shutterstock, The Blue Diamond Gallery

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Keplertek: Special Sale Due to Incredible Demand (June 19th-June 21st)

· June 16, 2018 · 10:00 pm

How do you feel about a future that is fueled by the constant drive of wanting to achieve true greatness, by helping mankind in all aspects of life? If this sounds like something you see happening or want to see in the near future, Keplertek is the right project for you. The unprecedented combination of the up-and-coming industries of Robotics, AI, and the Blockchain will change the world in ways we cannot yet imagine! 


Due to very high demand for KEP during all stages of the Pre-ICO, Keplertek decided to give the cryptocurrency community one more opportunity to participate before the start of the initial coin offering.

The Special Sale will start on the 19th of June 2018 at 8 PM UTC+4 and conclude on the 21st of June 2018 (8 PM UTC+4), giving investors exactly 48 hours and one last chance to take advantage of the generous 30 percent bonus offered during Pre-Sale.

Should you have reserved tokens before the Pre-Sale but missed out on your purchase due to not triggering the reservations in time, worry not — all previous reservations are still active during this stage and are waiting to be triggered!

The centerpiece of Keplertek’s innovative project is Kepler Universe, a platform that will make it possible for tech and financial geniuses from all around the world to connect and work on the technology of tomorrow.

The sad truth is that there are so many talented people with life-changing ideas and the potential to change the world, but most of them are never realized due to a lack of funding, experience, or infrastructure. By providing this infrastructure, Kepler will change the way we view technology and how we approach fundraising, as well as teambuilding, worldwide. Leave behind the outdated boundaries set by the biggest players in the field and join the revolution.

After selling out all tokens assigned to the Pre-Sale within the first week (2 weeks ahead of schedule), Kepler’s team, consisting of over 50 brilliant minds (with 100 additional international members), is working hard to prepare for its ICO and to ensure the smooth launch of KEP and Kepler Universe.

The ICO will start on June 26th, offering a 20 percent bonus during the first stage, decreasing to 10, 5, and eventually 0 percent. KEP will then hit major exchanges right afterward and have the alpha version of Kepler Universe ready by Q3 of 2018.

Take your future into your own hands and seize the opportunity to get involved with the best project out there on the ground floor. Complete KYC and get ready for June 17th, it WILL pay off – don’t let this be another missed opportunity and reap the rewards of your early discovery!

Also, don’t wait until the last minute, it only took 24 hours for Kepler to sell 400.000 tokens during Pre-Sale. Join the Special Sale and make a revolutionary investment into a limitless future, from which we will all one-day benefit!

For more information visit www.keplertek.org and the following links:

Whitepaper: https://www.keplertek.org/v2/WP.pdf
Facebook: https://www.facebook.com/Keplertek/
Twitter: https://twitter.com/KeplerTek
Instagram: http://instagram.com/kepler.tek
Linkedin: https://www.linkedin.com/company/keplertektechnologies/
Medium: https://medium.com/@KeplerTek
Telegram: https://t.me/KeplerTechnologies

What do you think about Keplertek? Let us know in the comments below!


Images courtesy of 

Bitcoinist does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions related to the company.

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Bitcoins Seized From Bankrupt BitGrail by Italian Authorities

· June 15, 2018 · 9:00 pm

Authorities in Italy have seized bitcoins from the company wallets of controversial exchange BitGrail as part of standard pre-bankruptcy proceedings. BitGrail was hacked in February 2018, with $170 million dollars’ worth of Nano stolen — which subsequently lead to a major price crash for the coin.


BitGrail’s blog was updated today, June 15, 2018, with the following announcement:

On June 5, 2018, pursuant to the Tribunal of Florence orders, the Bitcoins contained in the company’s wallets were seized and brought under control of the judicial authorities pending further Court decisions in the prebankruptcy proceeding.

A news update on the website in May declared BitGrail would reopen on May 2, 2018, but was closely followed by an announcement stating the Italian court of Florence had issued a deed “requesting the immediate closure of BitGrail” and that BitGrail would comply.

Hack vs. Insolvency

BitGrail’s problems came to light in February 2018 when it reported 17 million Nano (previously RaiBlocks) — equivalent, at the time, to $170 million dollars — stolen in a hack. At the same time, reports surfaced that the exchange could be insolvent and may have been for a number of months.

Nano refused to fork its blockchain in response to the hack stating:

We now have sufficient reason to believe that Firano has been misleading the Nano Core Team and the community regarding the solvency of the BitGrail exchange for a significant period of time.

BitGrail stuck with its hacking claim, later posting on its blog that, though it wasn’t responsible, it would “meet its users half-way” by offering a settlement agreement and repayment plan for victims of the purported Nano hack.

As the news of the hack and the potential insolvency of BitGrail broke, Nano’s price began to fall — eventually crashing from $30 USD to $2.50 USD. Many investors had been encouraged to use the BitGrail platform as one of only two exchanges listing the coin until it was added to the popular exchange Binance.

BitGrail was prevented from reopening on May 2, 2018, by a court order initiated by BonelliErede — the firm assisting the 3000+ investors who became victims of the BitGrail/Nano hack.

Nano Is Moving Forward

BitGrail and Nano have argued publicly and legally over the cause of the hack and the insolvency issue. The Nano Foundation concluded in April that there was a bug in the exchange software at BitGrail.

Nano is moving on. Colin LeMahieu, Lead Developer, said in May:

While the BitGrail situation is extremely unfortunate, it has not impeded the project. We allocated significant resources towards both determining what exactly happened, as well as investigating legal options, but as far as protocol development and overall project milestones are concerned, we have continued to move forward.

Were you affected by the BitGrail hack? Tell us your story in the comments below! 


Images courtesy of Shutterstock, CoinMarketCap.com.

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What Does the Future of ICO Advertising Look Like?

· June 14, 2018 · 10:00 pm

Due to the notorious volatility and unregulated nature of cryptocurrencies, many organizations and even governments are jumping on the bandwagon to ban them.


As we move further into 2018, even the big tech firms are starting to put their foot down on crypto advertising. Such a huge widespread ban has the potential to severely hinder the future development of the crypto industry.

Google and Facebook Have Banned ICO Advertisements

Some of the Internet’s largest advertising platforms, including Facebook, Twitter, and YouTube, have completely banned any advertisements promoting ICOs and cryptocurrencies.

As of June, even Google will be banning the advertisement of crypto – including ICOs, wallets, and exchanges, etc.

 There has been a lot of speculation as to why this has happened. Some speculate that it is merely an attempt to protect their users (and their reputation) from fraudulent ICO and token scams and Ponzi schemes, while others have even suggested that these websites could be feeling threatened by the increasing popularity of blockchain technology.

But regardless of the reasons behind these bans, one thing is becoming clear – ICO marketing has become increasingly difficult.

 ICOs Are Looking for New Ways to Gain Exposure

As it stands, some of the main ways to promote ICOs include:

  •  Going on a roadshow and speaking at conferences to elicit interest, growing a brand and being exposed to potential investors.
  •  Ordering press releases and getting them published on popular websites that are frequented by crypto enthusiasts.
  •  Joining in discussions on popular social media websites – such as Facebook groups, Reddit, Telegram, Quora, LinkedIn groups, and specialized forums.

If you really want to succeed, it’s likely you’re going to have to leverage all of these methods and more.

Hopefully, after a while – if your offer is good enough – your idea will spread among users through word of mouth and you’ll be able to tone down your efforts slightly. But until then, you need to work hard to get your message out.

Can Decentralized Platforms Be A Powerful Channel to Promote ICOs?

One up-and-coming blockchain platform, known as 2Key, is introducing a brand-new model that rewards users for sharing valuable information.

It might just be the new go-to platform for blockchain startups looking to gain exposure.

2Key is a decentralized global referral network. Its goal is to become the go-to platform used to share information about products, services, and events. The platform encourages the free-flow of valuable information through human referral chains.

This is made possible through the platform’s Multi-Step tracking technology that makes it possible to track and reward every user involved in the link-sharing chains.

Using this technology, anyone can easily create their own referral link based on a smart contract, define their goal (such as more exposure, leads, or sales), and incentivize the human network to share this message to achieve it.

It even incentivizes users to share beneficial information by directly rewarding them with tokens.

As time progresses and 2Key continues to develop, the platform could become the go-to solution that ICO organizers choose instead of running bounties for their users.

 Another platform that’s built a lot of momentum is Wings.AI.

While the core functionality is to forecast and predict the amount an upcoming ICO is going to raise, the benefit Wings can bring to the table is ICO discovery and word-to-mouth buzz marketing.

The Wings community is comprised of crypto enthusiasts and investors that are constantly seeking new projects to evaluate. Through the Wings platform, users are exposed to new projects on a weekly basis, and they are required to run due diligence evaluate the project and share their findings on social media and on the Wings platform.

In some cases, this can create a network effect, where thousands of people engage with a project, ask questions, provide feedback and discuss it with each other.

How Are Users Rewarded?

With 2Key’s case, the platform features its own multi-party state channels protocol. This allows links to automatically perform self-tracking and information sharing as they are distributed.

This enables 2Key’s smart contracts to automatically reward the entire chain whenever a result is achieved.

Users will be rewarded with the 2Key Ethereum utility tokens in return for successfully referring other users. These tokens can be exchanged or used to purchase other services within the network.

With Wings.AI, users are rewarded in tokens based on how accurate their predictions were.

This incentivizes users to run a good due diligence, improve their rating on the Wings platform and grow their reputation.

 The Future of Advertising

There are a huge number of predictions about how advertising will change in the future that can be applied to the ICO industry.

Perhaps one of the biggest changes we will witness is the ever-increasing personalization of advertising.

Long gone are the days when the best way to advertise was to put up a massive banner advert in the middle of the city center that would attract the attention of everyone who passed by.

In today’s society, the best advertising is that which is highly targeted. A study by Rocket Fuel revealed that 80% of Millennials see value in brands engaging them with personalized offers.

Platforms like 2Key that are part of the moment shifting advertising away from the hands of big brands, back into the control of the human network, could act as a major catalyst for changing the future of advertising.


Images courtesy of 2Key, Wings.ai, AdobeStock

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‘Leonardo da Vinci’ Puts Mona Lisa Painting on the Blockchain

· June 13, 2018 · 11:00 pm

Bitcoin core developer Peter Todd defended Blockchain art startup Verisart against Terence Eden June 13 after claims the company believed he had painted the Mona Lisa.


‘Obvious Fraud’

In a Twitter discussion, Todd alleged Eden, who currently runs Open Standards for the UK Government Digital Service (GDS), “misunderstood what Verisart is” after the company uploaded the famous painting to the Blockchain with Eden as the creator.

Verisart began trading in 2015 and describes itself as “applying blockchain technology to combine transparency, anonymity and security to protect your records of creation and ownership.”

“Verisart is a tool to collect and timestamp evidence, not an authoritative blockchain; his Mona Lisa claim is obvious fraud [without] evidence,” Todd wrote.

Eden had originally published details of his experiment with Verisart in a blog post June 12.

Allegedly, Verisart had required only “an email address” and “a photo of the Mona Lisa from Wikipedia” as “proof” he had painted it.

“I don’t understand the blockchain hype,” Eden subsequently wrote on Twitter.

A startup has certified my artwork & placed their verification on the bitcoin blockchain. Now art dealers & auctioneers can feel secure that I am the original artist. One small problem… I am not Leonardo da Vinci!

Blockchain ‘A Big Improvement’

Blockchain’s ability to tighten up the art sales process have formed the focus of a growing number of business initiatives in recent years, with high-profile schemes targeting the upper echelons of the collector world.

Critiquing Eden meanwhile, Todd nonetheless suggested the real value of Blockchain at Verisart lay beyond the benefits Eden claimed did not exist.

“What Verisart’s tech – specifically [open timestamps] – prevented… [Eden] creating backdated evidence. If he tried to forge that evidence, it’d still show up as being created recently, and thus be suspicious,” he continued.

That simple guarantee is a big improvement over the status quo.

What do you think about Terence Eden vs. Verisart? Let us know in the comments section below!


Images courtesy of Shutterstock, Twitter

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Factors That Will Push Bitcoin’s Price Higher Are Gathering Steam

· June 12, 2018 · 10:30 pm

The hacking of exchanges and relentless attacks from financial powers have, in the short run, adversely affected the price of Bitcoin. However, once the news about these adverse effects fades, investors will be able to turn their focus to several bright ongoing developments.


What Doesn’t Kill Bitcoin Makes It Stronger

The recent spate of crypto exchange hacks, ongoing regulatory issues, and reports of an investigation into possible price manipulation have sent the price of Bitcoin – and nearly every other cryptocurrency – tumbling. Despite these setbacks, the growing consensus is that, given Bitcoin’s inherent resiliency, developments taking place in both technical and financial arenas will enable Bitcoin’s value to retake its ascending trajectory with even greater intensity.

For example, frequent exposure to hacking will eventually make Bitcoin and other cryptocurrencies immune to such attacks. As Forbes put it, hacking may be adversely affecting Bitcoin in the short term, but in the future, the cryptocurrency will rise stronger as a result. In this regard, Christian Ferri, President and CEO of BlockStar, declared:

As in every technology, hacking will be painful for some in the short term; but it will be a major driver in strengthening the crypto ecosystem, making it more secure, which is key for mass adoption.

Moreover, giant financial actors, including exchanges and big banks, are investing heavily and hiring talent to build Bitcoin trading capabilities.

For example, NASDAQ is planning to launch a futures market for cryptocurrencies. In fact, the stock exchange has already joined forces with Gemini, a digital asset exchange, to improve market surveillance to detect market manipulation and fraudulent trades. Additionally, a NASDAQ-powered cryptocurrency exchange platform – DX.Exchange – will be launched sometime this month.

In parallel, The New York Times reports that ICE, the parent company of the New York Stock Exchange (NYSE), is working on its own online trading platform that will allow large Wall Street investors to trade cryptocurrencies.

Goldman Sachs is already ahead of the curve, having begun offering clients the ability to trade Bitcoin futures via one of its New York desks last month. According to The New York Times:

Goldman will begin using its own money to trade Bitcoin futures contracts on behalf of clients. It will also create its own, more flexible version of a future, known as a non-deliverable forward, which it will offer to clients.

Bitcoin Transactions Becoming Cheaper and Faster

Bitcoin Transactions Becoming Cheaper and Faster

On the technical side, Bitcoin has already advanced significantly in solving a key issue – scalability. Technological improvements that include SegWit, Lightning Network, and Atomic Multi-Path Payments over Lightning, and now Bitcoin Core 0.16.0, are already solving the issue of scalability and transaction fees costs.

Recently, Bitcoin enthusiasts celebrated the launch of Bitcoin Core 0.16.0, which among novel features, introduced full support for SegWit. Prominent Bitcoin exchanges, such as Coinbase and Bitfinex immediately started to implement SegWit and, as a result, transaction fees are now lower and faster, thus facilitating near-instantaneous low-value Bitcoin payments. At the present time, nearly 40% of all Bitcoin transactions are processed using SegWit.

In addition to SegWit, many exchanges are using a new technique to increase efficiency – batching transactions. Batching further increases the efficiency of Bitcoin transactions by over 75 percent by clustering multiple outputs into a single transaction.

For a digital currency that has “died” 300 times and counting, Bitcoin’s future is looking pretty bright, indeed. Innovative techniques are making Bitcoin transactions more efficient, and its exposure to hacking attempts will make it stronger. Lastly, major financial institutions are becoming increasingly interested in trading Bitcoin. These are crucial factors that are amalgamating to drive Bitcoin’s value to new highs.

What do you think are the main factors that will eventually drive Bitcoin’s value higher? Let us know in the comments below.


Images courtesy of Shutterstock

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Essentia.One to Release World’s First Interoperable Multi-Chain Dapp

· June 11, 2018 · 10:30 pm

The crypto world took a giant leap forward this week with Essentia announcing their multi-chain passwordless dAppstore. This innovation has led many to believe the future of interoperability between blockchains and decentralized services is not as far off as originally estimated, here’s why…


The First Step Towards Blockchain Interoperability

DApps are proving beneficial for many industries, but they notoriously lack interoperability. One explanation is that each blockchain requires currency generation to function – and as we know – these currencies, or tokens, are incredibly volatile and any attempts at pegging to a stable currency have fallen short (see Vitalik Buterin – inventor of Ethereum’s – hilarious parody with his WTF coin).

This has meant that dApps largely stand on their own while users have to face the impracticality of purchasing and holding dozens of tokens. Hence, for interoperability to work, a single token which can operate across multiple blockchains is required.

The integrated dApp store solves this problem, the Essentia protocol enables users to integrate dApps onto the platform and access them entirely through the ESS token. The protocol is also accessible through a seed or hardware wallet device, making it possible to log in and access +1k of dApps without a single password. As the old proverb goes… “two birds, one stone blockchain”.

Essentia co-founder Matteo Gianpietro Zago remarked that one of the primary motivations behind building the project was to fix the problem of fragmentation in the Web 3.0.

We now have over a thousand credible blockchain projects in existence. One for decentralized exchanges, another for storage, VPN’s, social media and so on. The problem is, mainstream adoption has been restricted because of the difficulty in accessing and managing these platforms.

Trustless Voting System with a Monthly Winner

Through a community lead poll, Essentia users put forward dApp integration requests, ensuring the best and most popular dApps gain interoperability. In order to achieve our goal of widespread adoption, we need to promote valuable ideas, projects, and visions, therefore it must be a contributed effort.

Innovation requires the ability to collaborate and share ideas with other people

– Bill Gates

We wouldn’t be the first to quote Gates, but he didn’t revolutionize the tech world by mistake. Even here, 20 years ago, he had captured the essence of the collaborative decentralized movement and blockchain economy before it had even begun. The difference is, the Web 3.0 will not burden end-users.

Token Economics Within the Essentia dAppstore

At its very essence, the ESS token is a utility token. It allows the bearer to use the Essentia platform/framework in a number of ways:

  • Every month Essentia will run a community-wide vote to choose which project to integrate next into the platform. Based on suggestions from both the community and the team, 10 projects will qualify and the top 3 projects will be selected for integration.
  • Votes are cast by ESS holders at a cost of 1 ESS per vote with a limit of XX votes per wallet address. The total ESS earned for that month will go towards the block rewards for stakes and node operators.
  • When staked (locked under specific terms), developers are allowed to upload scripts and dApps into the dAppstore.
  • Developers also earn rewards in ESS tokens based on the usage and popularity of their scripts/dApps
  • The amount staked is lost if it is proven that the script/dApp uploaded was harmful or against good-will.
  • In order to integrate different dApps within your personal launchpad/Essence, you require ESS tokens

Passwordless. Trustless. Endless.

The scale of what can be achieved is enormous and the possibilities are endless. Take what Apple’s App Store did for developers and end-users for instance, the dApp store is merely its logical evolution. With the tide of mainstream adoption nigh, people will be able to operate in an environment without middle-men taking cuts, and without the fear of ownership and privacy breaches.

Try the dApp Store for yourself in the Essentia Demo. For additional information and further details, check out the official website and join the Essentia Telegram.


Images courtesy of Essentia.One

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