February 12, 2019

Blockchain Can Make Government ‘Incapable of Being Bribed’

February 12, 2019 boss

The founder and CEO of retail giant Overstock.com Patrick Byrne says that blockchain can make government “superefficient and incapable of being bribed,” in an interview with MarketWatch published on Feb. 12. Byrne reportedly said that government services have reached a turning point for a fundamental change of their structure, and blockchain technology, in his opinion, will be the optimal solution. Byrne proposed “building government-as-a-service, a set of applications and companies that, between them, can bring blockchain to different services that governments provide,” which will eventually “make government superefficient, inexpensive and…

Crypto Trader: 2019 ‘Could Be’ The Last Time The Public Can Afford One Bitcoin (BTC)

February 12, 2019 boss

Value Of Bitcoin (BTC) Could Eventually Be “Out Of Reach” As 2018’s bear market has continued into 2019, crypto traders have done their best to stay optimistic. Most recently, Josh Rager, a well-followed crypto investor that is an advisor at TokenBacon and Blackwave, took to Twitter to claim that 2019 could be the “last time general population can afford to buy an entire Bitcoin (BTC).” He added that after 2021, most would only be able to fractions of BTC, rather than a whole coin. He explained that while global household incomes…

Crypto Trader: 2019 ‘Could Be’ The Last Time The Public Can Afford One Bitcoin (BTC)

February 12, 2019 boss

Fintech Startup to Use Oracle Blockchain Platform to Boost Payment Processes

February 12, 2019 boss

Finance platform SDK.finance has partnered with Oracle to use the Oracle Blockchain Platform to improve payments processes and remove intermediaries. The partnership was announced in a press release published on Feb. 12. SDK.finance is a European-based fintech startup that offers a payment platform for banks and financial institutions. In 2015, the company was reportedly recognized as the best fintech startup by the Central European Startups Awards, while in 2018 it overcame other major industry players in terms of application programming interface (API) endpoints. By integrating the Oracle platform, SDK.finance reportedly…

Hybrid Summit 2019 in Hong Kong

February 12, 2019 boss

Hong Kong blockchain week is right around the corner! Hybrid Summit has decided to host its annual event in China this year. Last year, the blockchain-centered educational event was held in Bangkok Thailand and in 2017, it was held in Studio City, Macau. Hybrid Summit 2019 will be held on March 7th at the AsiaWorld Expo. Hybrid Summit 2019 Hong Kong blockchain week will kick off on March 4th and will conclude on the 8th. The week starts off with a sunset cocktail hour for VIP ticket holders only. On…

Cryptocurrencies Are Unable to Substitute Fiat Money

February 12, 2019 boss

The Central Bank of Chile (BCC) believes that cryptocurrencies are unable to substitute traditional money, according to an in-depth report on crypto issued Feb. 7. The document, signed by the central bank’s president Mario Marcel, was prepared upon request of the Tribunal de Defensa de la Libre Competencia (TDLC). The TDLC is an independent anti-monopoly institution established to ensure that free competition rules are not violated in Chile. The organization actively participated in a recent legal battle between Latin American crypto exchanges and Chilean banks. As per the BCC, Bitcoin…

Morgan Creek Digital Secures $40M Backing from Public Pension Funds

February 12, 2019 boss

According to Bloomberg, renowned digital asset firm Morgan Creek Digital has successfully closed a new $40 million blockchain-specific venture capital fund. It has done this because of major contributions from two US public pensions. Initially, the venture looked to raise $25 million. Morgan Creek Digital Backed by finance behemoth Morgan Creek Capital, Morgan Creek Digital is a hedge fund. The new venture—called the Morgan Creek Blockchain Opportunities Fund—has been created specifically for investment into the digital asset space. Pension Plans The two pension plans are based in Virginia. They are ‘anchor investors’ in the new…

Project PAI Updates Roadmap, Sets Stage for Hybrid Mining

February 12, 2019 boss

Project PAI Updates Roadmap, Sets Stage for Hybrid Mining February 12, 2019 by Priscilla Russell Project PAI, an open-source blockchain project that wants to let everyone create their own AI on the blockchain, is proposing a new Proof of Work (PoW) and Proof of Stake (PoS) hybrid mining mechanism for its blockchain. Project PAI Prepares for Hybrid PoW and PoS Implementation Project PAI’s website states that it wants to “enable anyone to create, own and manage their own Personal Artificial Intelligence,” and are planning to use the blockchain to secure…

Bitcoin SV

February 12, 2019

Bitcoin Satoshi Vision (SV) is a cryptocurrency created in late 2018 by forking the Bitcoin Cash blockchain and adjusting the protocol with larger block sizes to reduce transaction fees. The name comes from its supporters belief that cheaper fees aligns with Satoshi Nakamoto’s vision for Bitcoin. Bitcoin SV is development is led by nChain, and the new cryptocurrency was supported by early Bitcoin Cash supporters like Craig Wright and Calvin Ayre. CoinDesk also provides a suite of institutional-grade price indexes. Find out more about them here. Original

Blockchain Protocol Invites Developers to Build DApps on Its Network

February 12, 2019 boss

A new blockchain protocol is presenting itself as a place where businesses and individuals can build peer-to-peer financial applications with confidence. Bytom describes itself as the “infrastructure of the asset internet.” The company’s vision is to create diverse assets and a programmable economy and ensure that byte assets (such as cryptocurrencies and digital assets) and atomic assets — like securities, dividends, bonds and information existing in the physical world — can interact and circulate more easily. In their white paper, the team behind the protocol say its architecture for creating…