Day: October 23, 2018

Salaries for blockchain engineers are on par with AI experts

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The value of cryptocurrencies might be down, but demand for blockchain engineers has never been higher. Blockchain engineers are making between $150,000 and $175,000 on average, according to global stats provided to CNBC by Hired, a San Francisco firm that helps clients recruit tech candidates. That’s quite a premium over the $135,000 salaries that typical software engineers earn on average, according to Hired, which uses data from its service to compile the stats. In fact, salaries for engineers with blockchain expertise are on par with developers who specialize in artificial intelligence,…

HTC Won’t Accept Your Fiat, Only Bitcoin and Ethereum for the Exodus 1

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Top phone manufacturer, HTC, announced that the company would only accept Bitcoin and Ethereum from intending buyers. This announcement comes on the heels of its recent launch. Bitcoin and Ethereum are the Only Payment Means for HTC Exodus 1 The Taiwanese electronics manufacturer, HTC, has launched its blockchain-powered phone, Exodus 1, on October 22 (Tuesday). According to CNBC, the phone manufacturer, however, declared that customers can only purchase the phone with Bitcoin (BTC) and Ethereum (ETH). The HTC company created a built-in wallet, Zion, enabling the Exodus 1 act as…

Bitcoin Futures | Bakkt Announces Futures Launch Date!

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The launch date for Bitcoin futures on the Bakkt platform has been announced. Bakkt is a platform for trading, storing, and spending digital assets, and was created earlier in 2018 by Intercontinental Exchange—the parent company of the New York Stock Exchange (NYSE). Bitcoin Futures Launch Date According to a document released today, the launch date for trading is December 12th, 2018. The document explains the idea further: “Each futures contract calls for delivery of one Bitcoin held in the Bakkt Digital Asset Warehouse, and will trade in US dollar terms. One daily contract will be listed…

A Year After Launch, BTCPay Has Grown Larger Than Its Creator Expected

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First hinting at his project in a reply to a BitPay tweet on August 2017, Nicolas Dorier boldly claimed that BTCPay would make one of crypto’s most popular payment processors obsolete.   In an r/Bitcoin post two months later, he clarified that his brainchild isn’t meant to “take the place of BitPay.” Rather, BTCPay is poised as a new and improved alternative, a decentralized stand-in for merchants who wanted an easier way to accept bitcoin. A year later, the project has grown larger than Dorier anticipated. With a community of open-source…

Ripple Co-Founder Invests in DigiCash Creator’s New Crypto Project

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When historians set out to chronicle the development of cryptocurrency, one of the first chapters will profile DigiCash, the early digital currency startup which, decades before Bitcoin, almost fulfilled the dream of giving the internet a native currency. However, that project’s inventor, cryptography pioneer David Chaum, wants his name to appear in the book’s subsequent chapters as well. Chaum, now 63, is launching a new cryptocurrency project called Elixxir, which he claims has achieved the holy grail of network decentralization, blockchain security, and transaction speed. In a Wall Street Journal…

Coinbase and Circle announce the launch of USDC — a Digital Dollar

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The new USDC stablecoin is fully collateralized by US dollars and supported by Coinbase and Circle as co-founding members of the CENTRE Consortium Starting today, Coinbase customers in supported jurisdictions can buy, sell, send and receive the USD Coin stablecoin (USDC) at Coinbase.com and in the Coinbase iOS and Android apps. US customers outside New York state can buy and sell, and customers around the world can send and receive. More geographies will be available in the future. This is the first time Coinbase has supported a stablecoin, which is…

Coinbase Custody Receives Trust Charter From The New York Department of Financial Services

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Today we’re proud to announce that Coinbase Custody has obtained a license under New York State Banking Law to operate as an independent Qualified Custodian. Coinbase Custody will operate as a Limited Purpose Trust Company chartered by the New York Department of Financial Services (NYDFS). Coinbase Custody is an institutional-grade service optimized for storing large amounts of cryptocurrency in a highly secure way. For our customers, operating under a New York State Trust Company is more than just a new license — it’s an important piece of regulatory clarity that will allow…

Blockchain Not Superior to Existing Alternatives

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Australian Digitizers: Blockchain Not Superior to Existing Alternatives October 23, 2018 by Akshay Makadiya The Digital Transformation Agency (DTA), an Australian body tasked with digitizing government services, has concluded that blockchain technology currently isn’t superior to existing alternative technologies due to a lack of standardization in the sector. Also see: Elon Musk and Bitcoin: Stirring the Pot, Or Something More? Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts Standardization a Must for the Growth of Blockchain In new testimony, the DTA’s leadership has asserted “without standardization” blockchain is…

Overstock’s Blockchain Unit Invests $6 Million in Crypto Social Network ‘Minds’

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Overstock.com Inc.’s blockchain subsidiary, Medici Ventures, made a $6 million Series A investment in Minds, an open-source, blockchain-based crypto social network. Under the partnership, Overstock founder and CEO Patrick M. Byrne joined Minds Inc.’s board of directors. “There has been increasing excitement in recent years over the power of blockchain technology to liberate individuals and organizations,” Byrne said in statement. “Minds’ work employing blockchain technology as a social media application is the next great innovation.” Minds launched in 2015 and boasts more than 1 million members. It’s a blockchain-based alternative to Facebook, Twitter, and the…

Coinbase Just Added Its First Stablecoin

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Coinbase is integrating its first stablecoin, joining other top exchanges in what has become a listing race to add Tether’s rising competitors. As detailed in an October 23, 2018, blog post, Coinbase has added support for Circle’s USD Coin (USDC). Starting today, U.S. Coinbase users — with the exception of those in N.Y. state — can buy and sell the stablecoin through Coinbase.com, the company’s primary platform. All users in “supported jurisdictions” can also send and receive the coin, and the announcement details that trading for other “geographies will be…