Civil, a blockchain startup that is aiming to revolutionize the media industry, has failed to reach the soft cap in its recent Initial Coin Offering. The soft cap was set at USD 8 Million, while the ICO only reached USD 3 Million according to most reports. All investors are to be refunded by October 29th, and a new ICO is planned soon. What happened the Civil ICO? The ICO was … [Read more...] about Civil Journalism ICO Fails, Issues Refund to Investors
Taxonomy Report 2018 – Only 16% of Crypto Assets are Decentralized
Crypto Compare has undertaken research indicating that only 16% of crypto assets are decentralized, and in 85% of projects, developers have the power to change the underlying code. The report was published on October 17th and indicates that 55% of the crypto assets are centralized while 30% are semi-centralized. The report uses the term ‘crypto assets’ to describe networks … [Read more...] about Taxonomy Report 2018 – Only 16% of Crypto Assets are Decentralized
Identity Management on the Tangle – IOTA Combine With IAMPASS
IOTA, the Tangle-based network designed for an internet of things society, has recently announced its foray into the world of biometric identity management. The IOTA Foundation has partnered with IAMPASS to work on a Proof of Concept for a palm reading biometric system with the results stored on IOTA’s Tangle, a faster and cheaper type of blockchain. IOTA/IAMPASS biometric … [Read more...] about Identity Management on the Tangle – IOTA Combine With IAMPASS
Bitcoin Liquid Network Launches to Complement Lightning
The Bitcoin Liquid network was recently launched by Blockstream. Bitcoin Liquid is a side chain of the Bitcoin main chain. There has been surprisingly little hype surrounding its release and it has, to some extent, flown in under the radar. It went live on October 10th according to an announcement on the Blockstream blog and is the world's first commercial Bitcoin side … [Read more...] about Bitcoin Liquid Network Launches to Complement Lightning
The Tether Controversy? An Interview With Ryan From TrueUSD and Robert From ETERBASE
Back in 2014, we saw the unveiling of a cryptocurrency with an ambitious aim of tackling the problem of price volatility head-on. Upon its release, the current tether controversy was about as far from the minds of the stablecoins developers as could be.How times change. Manipulation of crypto prices Initially, it all seemed to be working fine. We saw some pretty major … [Read more...] about The Tether Controversy? An Interview With Ryan From TrueUSD and Robert From ETERBASE
Banker Nouriel Roubini Continues Attack on Blockchain “Glorified Spreadsheet”
Nouriel Roubini has not ceased his criticisms of distributed ledger technology. In his latest tirade, he has referred to blockchain as “nothing more than a glorified spreadsheet” in a Project Syndicate article on October 15th. Many might balk at the sheer audacity of such a statement, ignoring the billions of dollars invested in the industry by governments and corporations, the … [Read more...] about Banker Nouriel Roubini Continues Attack on Blockchain “Glorified Spreadsheet”
Court Ruling – Crypto Funds Sent to Wrong Address Have to be Returned
In an important court case, a British Colombian court has ruled that crypto funds sent to the wrong address have to be returned. This puts cryptocurrency wallets in a similar position to bank accounts. It is legally established that people who receive money into their bank accounts have to return the money. They can be, and frequently have been, put into prison for spending … [Read more...] about Court Ruling – Crypto Funds Sent to Wrong Address Have to be Returned
Tether(ing) on Thin Ice – USDT Loses Peg as Competitors Gain Ground
The highly controversial Tether stablecoin (USDT) has lost its dollar peg. Tether is supposed to be pegged to the US Dollar on a 1-1 basis. If it does not regain parity soon, it could indicate that we are witnessing the collapse of the stable coin, perhaps in part due to the recent influx of new stable coins on the market whose trade volume has surged amid the Tether collapse. … [Read more...] about Tether(ing) on Thin Ice – USDT Loses Peg as Competitors Gain Ground
Tron to Potentially Secure Partnership with Baidu Internet Giant
Tron could have already secured a partnership with Baidu, the search engine heralded as “Chinese Google.” While nothing official has been confirmed, Justin Sun has tweeted about a potential partnership - "Finally, first time to partner with tens of billions USD valuation industry giant. Guess the name.”Before this Tweet, crypto news outlet, Coinness, tweeted that Tron was … [Read more...] about Tron to Potentially Secure Partnership with Baidu Internet Giant
Coinbase Trading Exchange Opening Dublin Office Pre-Brexit
The Coinbase trading exchange has opened an office in Dublin as per an October 15th announcement on the Coinbase blog. The opening is part of the overall expansion of Coinbase as well as part of a contingency measure in lieu of Britain’s exit from Europe, which has a deadline on March 2019. Why the Coinbase trading exchange is choosing Ireland For the time being, London will … [Read more...] about Coinbase Trading Exchange Opening Dublin Office Pre-Brexit
Google and the Fight Over our Monetary Reality
Google’s Call Screening Service announcement made waves in the crypto world this week. Not because of the service. But, rather, because of the advertisement itself. Let’s set the scene. Google Assistant is screening calls. It’s the electric company calling… the fellow’s bill is quite high. He responds that the high bill is due to the energy used mining cryptocurrency. The … [Read more...] about Google and the Fight Over our Monetary Reality
Time to Shine for AI as Blockchain Week Comes to a Close
Over in Silicon Valley, it may have been blockchain week, but the attention was on new and innovative ways of expanding the field.San Francisco blockchain week drew in more than 3000 attendees over 5-stages and highlighted some of the most recent tech advancements.One of those watching how the event unfolded was Reveel Technologies Inc; backed by Cervin Ventures and … [Read more...] about Time to Shine for AI as Blockchain Week Comes to a Close
Will These Four Cryptocurrencies be the Top Performers of 2018?
Throughout 2018, there has been a massive influx of new investors in the cryptocurrency market due to the impressive high that Bitcoin reached during the end of 2017. Massive international companies such as CNN and the BBC have covered the performance of Bitcoin which has since attracted many more. There are countless cryptocurrencies to invest in, while some may be … [Read more...] about Will These Four Cryptocurrencies be the Top Performers of 2018?
Ripple Token Preferred to Other Major Coins According to Wirex Survey
According to research conducted by the Wirex financial services company, more people are interested in using the Ripple token (XRP) compared to other cryptocurrencies, by a significant margin. Wirex is a UK-based financial services provider with nearly 2twomillion customers in over 130 countries, who also offer crypto-financial services. The research was released via a Tweet … [Read more...] about Ripple Token Preferred to Other Major Coins According to Wirex Survey
Jimmy Song on the Death of EOS and the Problems with Roger Ver
Bitcoin developer and entrepreneur, Jimmy Song, has stated that the EOS network will “die in a horrible dumpster fire” within the next five years. He made the remarks in a recent interview while advising young developers to stay away from ICOs and centralized blockchain organizations, instead to contribute towards decentralized currencies and open source projects. Why the EOS … [Read more...] about Jimmy Song on the Death of EOS and the Problems with Roger Ver
Reveel – Applying AI and Blockchain to Open Source Image Recognition
Both augmented reality and virtual reality are fast become an actual reality with the assistance of DLT-based technology companies. While many of these AI companies are using the DLT ‘brand’ to bring more hype and mystery to an industry that few knowing anything about, others integrate DLT as a core component of the business. Reveel has been heralded by Forbes as ‘The Google … [Read more...] about Reveel – Applying AI and Blockchain to Open Source Image Recognition
EmCash – The Worlds First Government Backed Cryptocurrency Going Live in Dubai
EmCash, the worlds first government-backed cryptocurrency is launching in Dubai. While some can contend that the first government-backed crypto has been released by Venezuela, this is not a serious or official release in a stable or modern society.The Venezuelan economy is crippled, and President Maduro is trying to enforce a broken currency on banks and citizens, who are … [Read more...] about EmCash – The Worlds First Government Backed Cryptocurrency Going Live in Dubai
India Considering National Cryptocurrency After Banning Cryptocurrency as Unsafe
According to Quartz, India is considering its own national cryptocurrency, joining the likes of China and Venezuela. This is despite the controversial blanket ban issued in India about blockchain-related companies. India has been staunchly anti-DLT, even more so than other regions such as the US and China. As per a senior government official quoted in Quartz -“We are … [Read more...] about India Considering National Cryptocurrency After Banning Cryptocurrency as Unsafe
Bitcoin Market Price Poised for a Move in Q4, 2018?
There seems to be a consensus in the cryptocurrency trading community that the bitcoin market price is indeed going to experience a price shift heading into Q4, 2018. While the direction might be disputed, trading indicators point towards a move. Bitcoin market price move indicators September marked bitcoin's tightest trading quarter since 2016. It started the month at around … [Read more...] about Bitcoin Market Price Poised for a Move in Q4, 2018?
University Research Findings – Chinese Government has the Capability to “Destroy Bitcoin”
Research has emerged from three patrons of Princeton and Florida University that the Chinese government has the “capability to destroy Bitcoin.” The paper is titled - ‘The Looming Threat of China: An Analysis of Chinese Influence on Bitcoin’. The authors of the paper are Ben Kaiser, Mireya Jurado, and Alex Ledger. Can Bitcoin be destroyed? The primary reason that the Chinese … [Read more...] about University Research Findings – Chinese Government has the Capability to “Destroy Bitcoin”