Day: July 23, 2018

Wanchain’s Bridge to the Ethereum Blockchain Is Now Open

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Amber Baldet, former JPMorgan blockchain program lead (and current CEO of Clovyr), has expressed her doubts about the proliferation of blockchain protocols: “Each of these blockchains speaks a different language,” she said in April. Getting different blockchains to talk to one another has become a pressing issue, as more and more protocols pop up – eos, tezos, neo, cardano, not to mention the two incumbent giants, bitcoin and ethereum. The growing interoperability problem may be meeting its match, however. On Monday, the Beijing- and Austin-based startup Wanchain announced the live release…

Crypto Ads on Google | Are They Coming Back Now?

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Crypto enthusiasts woke up to a surprise this Monday morning. It seems that, after a Western media ban, crypto ads on Google are back. Or at least, the search engine is back to promoting ads of Coinbase. Crypto Ads on Google: Once Banned, But No More At the start of this year, the crypto industry came to a standstill when websites like Facebook, Google, and Twitter placed a ban on their adverts. Leading the pack was Facebook, which banned crypto ads back in January. Google followed less than three months…

Blockchain Group From Three Telecoms Giants Begins Exploring Use Cases

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China’s three major telecoms operators launched a blockchain research group, which has held its first meeting, local media outlet Fintech News reports July 23. The product of China Mobile, China Unicom and China Telecom, the group involves a total of twenty experts from eight companies including Huawei, Union Mobile, and Financial Technology (UMF). The aim, an unnamed China Mobile official said, is to “build a trustworthy blockchain application team to explore the blockchain area.” “It’s a solution in terms of order management, contract management and creation of use cases,” the…

Gaming Marketplace for Unique In-Game Items Partners With Esports Team Tempo Storm

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The marketplace GamerToken has announced its partnership with Tempo Storm, a large American esports team and media company. This partnership follows the joining of the founder of Tempo Storm, Andrey “reynad” Yanyuk, to their advisory board in June. As one of the major esports media companies in the world, Tempo Storm expanded from its initial Hearthstone team and now encompasses Fortnite, Heroes of the Storm, World of Warcraft and more titles. This will be the platform’s first esports partner, and Yanyuk believes that it might have a big impact on…

Tokens Take Huge Beating as Augur Drop 18%, Bitcoin’s Volume Recovers

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Despite the strong performance of bitcoin over the past 24 hours, tokens have recorded large losses against both bitcoin and the US dollar, dropping by 10 to 20 percent. Bitcoin Volume Recovers But Tokens Struggle On July 22, CCN reported that the volume of bitcoin has dropped by more than 36 percent since July 20, within a 48-hour period, from $5 billion to $3.5 billion. The daily trading volume of other major digital assets and stablecoins including ether and Tether (USDT) also dropped by a similar margin, showing the lack…

Decentralized Exchanges Aren’t Living Up to Their Name – And Data Proves It

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Some say a “decentralized exchange” is an oxymoron. Perhaps not, but for now it’s not much more than an aspiration. Over the past year, dozens of cryptocurrency trading platforms have marketed themselves as decentralized exchanges. While models vary, the term implies they allow users to trade on a peer-to-peer basis, and more importantly, without using a platform operated by a single entity. The main selling point is that unlike today’s better-known crypto trading platforms (think Coinbase, Kraken or Binance), a decentralized exchange shouldn’t require traders to store their money with…

The G20’s Still Out on Regulation

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Bitcoin is bullish and then some. The coin is still on an impressive bull-run. The run has extended over 10 days and doesn’t seem to be slowing. Yes, Bitcoin may have taken a step back here and there in its climb, but it has continually managed to take two steps forward.  At the time of writing the price is $7,710 – it did reach a two-month high of 7,800 earlier this morning – but the current stand-point still represents a rise of over 3.3% in the last 24 hours. Source: CryptoCurrencyNews.com…

Blockchain May Be Key to Avoiding Next Global Financial Crisis

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The former vice president of North American investment banking at JPMorgan Chase has said that blockchain “may be the key to avoiding the next global financial crisis,” the China Economic Times reports today, July 23. Pang Huadong, currently an honorary academic advisor of the Asian Blockchain Institute, said that his experience at JPMorgan during the peak of the 2008 financial crash led him to think that blockchain could be the pivotal technology for establishing transparency and trust in the global economic system: “[When I began to work at JPMorgan in…

Chinese City Starts a $1.5 Billion Fund to Promote Public Blockchain Projects

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Nanjing, Jiangsu’s capital, is committed to investing in public blockchain projects and overall token economy. The capital of this Chinese province put together a 10 billion yuan ($1.5 billion) fund in a blockchain investment fund. A Beijing-based alliance, Zhongguancun Blockchain Industry Alliance, is teaming up with Nanjing City to launch this blockchain investment fund of $1.5 billion. The alliance, formed by government research institutes and blockchain companies, revealed the bold initiative at the first Industrial Public Chain Summit (IPCS). Among the high-level government official attendees, there was the Deputy Secretary…

G20 Forum Shelves Deadline for ‘Very Specific Recommendations’ on Crypto

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Cryptocurrencies will continue to receive a broadly hands-off approach from the G20 until at least October, a meeting of the forum confirmed July 21-22. A summary of interim decisions made by the dedicated Finance Ministers & Central Bank Governors (FATF) group sees any hard-and-fast regulatory steps regarding cryptoassets remain absent. The results follow a four-month consultation period which FATF enacted during a previous gathering in March. At the time, representatives said they were obliged to create what they called “very specific recommendations” for how to approach the cryptocurrency sphere at…