Day: May 29, 2019

Block.one’s EOSIO Labs Release iOS and Chrome Authenticator Apps

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Block.one’s EOSIO Labs has released Reference Authenticator Apps for iOS and Chrome. The development was announced in a blog post published on May 29. Per the post, the newly implemented developments address improvements to the security, interoperability and usability of authenticators by contributing working code and examples. Authenticators are software-based tools that implement two-step verification services by generating a secret key for each user. The EOSIO Reference iOS Authenticator App is purportedly designed to enable users to sign in and approve transactions from web applications running in Mobile Safari and…

Galaxy Digital Purportedly Recruits Former Head of OTC at Coinbase

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Tim Plakas has left the major United States crypto exchange Coinbase to join the cryptocurrency bank founded by Michael Novogratz, Galaxy Digital, an anonymous source purportedly told The Block on May 28. Plakas’ departure follows four senior executive departures from Coinbase in approximately the last seven months. Plakas reportedly held the position of over-the-counter (OTC) trading head at Coinbase from July 2018 to January 2019, and will be joining the OTC team at Galaxy Digital. Novogratz’s crypto bank is a member of Crypto OTC Roundtable Asia (CORA) Network, a non-profit…

Study: Publicly Listed Chinese Firms Quietly Participate in Bitcoin Mining

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According to regional reports, a few publicly listed Chinese companies have been secretly mining bitcoin by pretending to provide cloud or web hosting services. Moreover, recent studies have revealed a growing trend of mystery miners processing the BCH and BTC networks at the same time as these firms have been running undercover mining operations in China. Also read: China Releases New Crypto Rankings Publicly Listed Companies in China Have Undercover Bitcoin Mining Operations On May 29, Chinese crypto publication 8btc reporter, Lylian Teng, published a two-part study on a few…

‘Mario of the Blockchain’ CryptoKitties Has Yet to Gain Wide-Scale Usage

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By CCN: CryptoKitties, a smart contract-fueled decentralized app (dApp) built on the Ethereum blockchain, was supposed to be the one to jumpstart mainstream adoption of crypto. You know, kind of like the Mario Bros of crypto, but instead of Luigi and Mario, there are digital cats. After all, it was the app to clog the Ethereum blockchain, causing a bottleneck from the game’s popularity that slowed transactions to a snail’s pace. Nonetheless, the crypto ecosystem is still waiting for that one ‘killer app’ now that CryptoKitties and other promising dApps…

‘Mario of the Blockchain’ CryptoKitties Has Yet to Gain Wide-Scale Usage

boss

By CCN: CryptoKitties, a smart contract-fueled decentralized app (dApp) built on the Ethereum blockchain, was supposed to be the one to jumpstart mainstream adoption of crypto. You know, kind of like the Mario Bros of crypto, but instead of Luigi and Mario, there are digital cats. After all, it was the app to clog the Ethereum blockchain, causing a bottleneck from the game’s popularity that slowed transactions to a snail’s pace. Nonetheless, the crypto ecosystem is still waiting for that one ‘killer app’ now that CryptoKitties and other promising dApps…

Crypto Lending Startup BlockFi Launches Gemini Dollar Accounts

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Cryptocurrency asset management company BlockFi announced that its interest-bearing accounts now support the gemini dollar (GUSD) in a post published on May 29. Per the announcement, GUSD deposits will see a yearly yield of 6.2%, paid in the stablecoin in question. BlockFi notes that it also offers GUSD as a U.S. dollar funding option and as collateral from institutional cryptocurrency borrowers. BlockFi CEO Zac Prince commented: “The implication of adding this functionality is that you could see crypto companies like BlockFi compete with traditional fintech challenger banks by taking advantage…

Even if Facebook Launches GlobalCoin, It’s Going to Struggle: This is Why

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While not official, it looks like we’re going to see Facebook’s GlobalCoin sometime soon. And yet, if this rollout does happen, new research has indicated that the Facebook cryptocurrency will struggle to gain traction. Here’s why. Facebook’s GlobalCoin Hits Roadblock The most recent piece of news about Facebook’s GlobalCoin came out last week, on May 24. It was at this time that BBC, a UK broadcasting company, said social media giant Facebook plans to launch its cryptocurrency GlobalCoin next year, even going as far as saying the company plans to conduct…

Bundesbank Ridicules Blockchain: Not a ‘Breakthrough’ Technology

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Bundesbank President Jens Weidmann ridiculed blockchain, saying that the slow and expensive technology is anything but a “breakthrough.” | Source: REUTERS / Kai Pfaffenbach By CCN: The president of Bundesbank – Germany’s central bank –  is not impressed by blockchain, despite the technology experiencing increased adoption in other sectors. German Central Bank: Blockchain Slow & Expensive According to statements made in Frankfurt on May 29, Bundesbank President Jens Weidmann claimed that a trial project to integrate blockchain failed miserably. As opposed to improving the bank’s operations, blockchain was slower and…

Bundesbank Ridicules Blockchain: Not a ‘Breakthrough’ Technology

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By CCN: The president of Bundesbank – Germany’s central bank –  is not impressed by blockchain, despite the technology experiencing increased adoption in other sectors. German Central Bank: Blockchain Slow & Expensive According to statements made in Frankfurt on May 29, Bundesbank President Jens Weidmann claimed that a trial project to integrate blockchain failed miserably. As opposed to improving the bank’s operations, blockchain was slower and more costly, leading the president to conclude the technology failed to bring a “breakthrough” to the banking industry. Germany’s central bank ridiculed blockchain proponents’…

World Economic Forum Inaugurates Global Blockchain Council to Address Lack of Well-Defined Rules for Working with Blockchain

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Impressions during the Session: The Big Picture on Peace and Conflict at the King Hussein Bin Talal Convention Centre during the World Economic Forum on the Middle East and North Africa, Jordan 2019. Copyright by World Economic Forum / Faruk Pinjo To help policy-makers and businesses strike the right balance between enabling emerging technologies and proactively mitigating the social risks that can result, the World Economic Forum launched six Global Fourth Industrial Revolution Councils, including one for Blockchain. The Forum will be launching the Global Blockchain Council – one of…