Day: December 15, 2019

How DeFi Goes Mainstream in 2020: Focus on Usability

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Second, the DeFi community should create products and services for a greater share of the population. Trading and arbitrage platforms are useful for day-traders and hedge funds, but the people who need DeFi the most are not looking to actively trade crypto assets. DeFi projects must rediscover the original purpose of bitcoin by focusing on peer-to-peer exchange and removing toll-collectors from financial services. Projects like Celsius Network (of which I’m CEO), Voyager, Compound, and Monarch, among others, are providing more common financial services like lending, interest income, wealth management, and…

Stone Bitcoins and Echoes From the Past

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The best Sundays are for long reads and deep conversations. This time we’re reflecting on the past and taking a deeper look at one of the most interesting blockchain allegories that doesn’t involve technology at all… Source If You Liked This Article Click To Share BitcoinsEchoesStone CryptoX Portal

Bitcoin Floats Around $7,100 as Top Altcoins See Slight Growth

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Sunday, Dec. 15 — most of the top 20 cryptocurrencies are reporting slight growth on the day by press time, as Bitcoin (BTC) hovers around the $7,100 mark again. Market visualization courtesy of Coin360 Bitcoin price is currently up by 0.28% on the day, trading at around $7,097 at press time, according to Coin360. Looking at its weekly chart, the coin is down by about 6.17%. Bitcoin 7-day price chart. Source: Coin360 As Cointelegraph reported yesterday, a report published on Dec. 4 by Bitcoin fund operator Grayscale suggested that 43% of…

Top-5 Cryptos This Week: ATOM, XTZ, LINK, BCH, NEO

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Only two of the top five performers have closed in the green in the past seven days, which shows that the sentiment is currently negative. Tom Jessop, the president of Fidelity Digital Assets, said that the absence of a long track record is one of the main reasons that is keeping the institutional investors at bay from investing in cryptocurrencies.  As the asset class is only 10 years old, Jessop said that the institutions question the durability and longevity and are unsure whether it would be around tomorrow. However, he…

In 2019, Students Demanded Blockchain Education. In 2020, It’s Coming

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What’s more, students are recognizing the enormous potential of the industry and demanding education for a way in. In the past year, student interest in blockchain education doubled compared to the year prior. The 70+ student-run blockchain organizations across 16 countries include some top higher education institutions including UCLA, UCSB, UC Davis, Duke, University of Chicago, USC, University of Wisconsin, and the University of Washington. These student groups aren’t just meeting to discuss blockchain. They are incubating their own projects and even consulting for local businesses.  Source

Even if a Thousand Projects Don’t Make It, Blockchain Is Still a Change Catalyst

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This post is part of CoinDesk’s 2019 Year in Review, a collection of 100 op-eds, interviews and takes on the state of blockchain and the world. Gary Gensler is a professor at the MIT Sloan School of Management, Co-Director of MIT’s Fintech@CSAIL and Senior Advisor to the MIT Media Lab Digital Currency Initiative. He was formerly Chairman of the U.S. Commodity Futures Trading Commission, Under Secretary of the Treasury, and a partner at Goldman Sachs. Source If You Liked This Article Click To Share BlockchainCatalystChangeDontProjectsthousand CryptoX Portal

Even if a Thousand Projects Don’t Make It, Blockchain Is Still a Change Catalyst

boss

This post is part of CoinDesk’s 2019 Year in Review, a collection of 100 op-eds, interviews and takes on the state of blockchain and the world. Gary Gensler is a professor at the MIT Sloan School of Management, Co-Director of MIT’s Fintech@CSAIL and Senior Advisor to the MIT Media Lab Digital Currency Initiative. He was formerly Chairman of the U.S. Commodity Futures Trading Commission, Under Secretary of the Treasury, and a partner at Goldman Sachs. Source link

Bankrupt Crypto Exchange QuadrigaCX’s Investors Request Founder’s Postmortem

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The death of the founder of the now-defunct Canadian crypto exchange QuadrigaCX, Gerald Cotten, earlier this year has resurfaced in the news as Miller Thomson LLP has requested the Royal Canadian Mounted Police to conduct postmortem autopsy on the body. Legal representatives of consumers of the bankrupt cryptocurrency exchange have requested the police and other associated authorities to exhume the body of the deceased founder of the Canada-based crypto company. Lawyers have called for the body’s postmortem autopsy, claiming that under the questionable circumstances of his death last year, efforts…

China Still Rules the Crypto Mining Landscape with 66% of Global Hashrate

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The role that China plays in the crypto ecosystem is one that would take a whole lot to replace. New data reveals that despite casting out all forms of crypto activities, China is still the primary home to crypto mining. Statistics from a new CoinShares report show that China is the country that holds the largest share of hashrate across the globe. Hashrate is necessary for producing new digital coins. With China holding over 60% of this cryptocurrency mining power, you wouldn’t be wrong to conclude that China is the…

Fidelity Digital Assets to Consider Rolling Out Ether Support in 2020

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Tom Jessop, the president of Fidelity Digital Assets, the cryptocurrency trading arm of United States financial services giant Fidelity, announced that the firm may add support for Ether (ETH) in 2020 is there is sufficient demand for it. During an interview with industry news outlet TheBlock published on Dec. 13, Jessop answered questions about the firm. When asked about the possibility Fidelity Digital Asset may support Ether in the future, he said: “We’ve done a lot of work on Ethereum. We intend to support it in the New Year. We’re…