Day: September 25, 2019

NASA to Launch Bitcoin to the Moon? Space Agency Seeks Crypto Experience

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Could experience with cryptocurrency help you become a better space scientist? NASA seems to think so. The U.S. aeronautics agency is looking for a big data scientist and specifically mentions that experience with cryptocurrency and blockchain could help you get the job. Also Read: Esports, Cannabis and BCH: First AMA With Bitcoin.com CEO Stefan Rust NASA JPL Wants Crypto Talent The Jet Propulsion Laboratory (JPL) is a research and development facility located in California which was founded in 1936 and mainly focuses on developing robotic spacecraft for the U.S. National…

Ending US Dollar Dominance for Crypto Makes No Sense

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Ex-United States Federal Reserve official Simon Potter stated that the plan to end the U.S. dollar’s dominance by replacing it with a digital currency makes no sense. Central banks unlikely to coordinate around virtual currency Last month, Governor of the Bank of England Mark Carney suggested ending the U.S. dollar’s dominance by replacing it with a digital currency, such as Facebook’s planned stablecoin, Libra. The Bank of England chief said that he considers this to be a better option than allowing it to be replaced by another national currency such…

Ether Price Drop Shakes DAI Stablecoin Peg, Two Collateral Contracts Closed

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The recent Ether (ETH) price drop showed the reliability and weaknesses of the decentralized stablecoin built by MakerDAO, Dai (DAI), and the decentralized finance (DeFi) ecosystem built on top of it. A decentralized stablecoin Ethereum-collateralized decentralized stablecoin DAI managed to maintain its peg to the United States dollar as Ether lost over 18% of its value in under two hours, falling from $190 to $155 yesterday. As of press time, Ethereum holds a price of about $171. Ethereum seven-day price chart. Source: Coin360 The impact of higher transaction fees DeFi…

EOS Parent Firm Block.one Opens Up Headquarters in Washington DC

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EOS parent company Block.one is opening its fourth global site located in the Washington, D.C. metropolitan region. Creating 170 jobs over the next three years On Sept. 23, Block.one LLC announced that it is opening new headquarters for its United States operations arm in Arlington, Virginia. The office will purportedly create 170 high-skilled jobs over a period of three years. Block.one CEO Brendan Blumer said: “Its proximity to the nation’s capital positions us close to the policy innovation around digital assets and distributed ledger technology in the U.S. This expansion…

Lloyds Bank Partners With Blockchain Platform to Streamline Trade Finance

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Lloyds Bank is partnering with blockchain platform Komgo to streamline its commercial banking division. Blockchain to streamline international trade process On Sept. 25, United Kingdom financial news outlet FStech reported that Lloyds Bank has partnered with the distributed ledger technology firm Komgo. Lloyds Bank, one of the “Big Four” clearing banks in the U.K., said that it would use Komgo’s platform “to enable quicker international commodity trade finance,” adding: “Komgo’s DLT platform digitises and streamlines the commodity trade finance process, enabling businesses to quickly and automatically exchange data and associated…

Disappointing Binance US and Bakkt Launches Have Something in Common

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Binance U.S. launched yesterday, Sept. 24. To celebrate the highly anticipated event in the crypto community, Binance offered some freebies and discounts such as zero fees until Nov. 1 and free Binance hoodies. Also, BNB fee discounts, as well as commission-based referrals, will kick-in on Nov. 1 after the zero trading fee campaign concludes. Binance putting the pedal to the metal on launch day. | Source: Twitter Unfortunately, the launch did not go without a hitch. Many users experienced some difficulties while using the U.S. site of the largest cryptocurrency…

US House Financial Services Committee and SEC: Whose Move on Crypto?

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Yesterday, Sept. 24, Cointelegraph reported from the United States House Financial Services hearing with the chairman and four commissioners of the Securities and Exchange Commission (SEC). The hearing was informational and touched on a number of issues that have been plaguing the conversation in the U.S. about regulating cryptocurrencies — a conversation that the release of Facebook’s white paper for Libra in June amplified significantly. Congressional attitudes: A study in contrasts The range of attitudes on display yesterday among members of the Financial Services Committee was broad. Brad Sherman —…

Price Analysis 25/09: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, LEO

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Is the current fall the start of a new bear market or is this a bear trap? Let’s analyze the charts. The total cryptocurrency market capitalization had repeatedly taken support close to the $250 billion mark since mid-July of this year. However, the recent collapse in crypto markets led by Bitcoin (BTC) has broken the support and market capitalization has dipped to just under $220 billion.  It is difficult to pinpoint the exact reason that started the fall. A few speculators might have built up positions expecting the prices to…

Chinese Homecoming — Crypto Companies Make Their Way Back to Asia

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In what is being considered a major step forward for Binance, CEO Changpeng Zhao (aka CZ) recently announced that his firm was all set to make its first strategic investment in China since leaving the Asian powerhouse back in 2017.  At the time, the government had enforced a local crypto trading ban that resulted in a number of firms either shutting down completely or relocating to other, more hospitable destinations. In regard to this latest development, Binance — one of the world’s leading cryptocurrency exchanges — recently participated in a…

Facebook’s David Marcus Advocates for Blockchain-Based Payment Networks

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David Marcus, the head of Calibra at Facebook, has set forth arguments in favor of blockchain-based payment networks. In a Sept. 25 blog post, Marcus pointed out shortcomings of existing payment systems such as regional and international networks, including SWIFT and RT1, central banks and others. Marcus began by noting the weakness of the underlying infrastructure of the current system that limits its efficiency and reach. In one case, Marcus wrote, an individual can send and receive funds from within one wallet, while not being able to do the same…