Day: April 17, 2020

More Crypto Development Means More Trading Returns, Findings Say

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A new report preprint shows a correlation between crypto asset prices and their code developers.ย  “We reveal that the first coding event linking two cryptocurrencies through a common developer leads to the synchronization of their returns in the following months,” said a preprint research report titled,ย From code to market: Network of developers and correlated returns of cryptocurrencies.ย  It’s all in the code Destined by their code underpinnings, cryptocurrencies hold internal laws and guidelines concerning a number of aspects, such as security and availability, the beginning of the 37-page report explained.ย ย …

Mark Cuban and Tyler Winklevoss Squabble Over Bitcoin Complexity

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Despite being over a decade old, Bitcoin (BTC) is still not particularly easy to understand. Even major BTC bulls like Tim Draper have admitted that Bitcoin still lacks ease of use for mainstream adoption. In the same vein, two key figures in the community held an informal Twitter debate over Bitcoinโ€™s complexity today. Debate intro: Cuban might change his mind about Bitcoin if it gets so easy that โ€œgrandma can use itโ€ Mark Cuban, one of the most well-known Bitcoin sceptics, prefers to own bananas than invest in bitcoins. Cuban…

Harsh Stablecoin Recommendations From G-20 Are a Step in the Right Direction, but Regulators Need More Education

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According to a study released by the G-20โ€™s Financial Stability Board on April 14, stablecoins pose a pertinent risk to the financial stability of the global economy and therefore need to be regulated in a manner that is not only meticulous but also future ready.ย  Additionally, as per data released by the FSB, members of the G-20 have been advised to make use of their existing financial rules โ€” especially those related to money laundering and terrorism funding โ€” in regard to any stablecoin offerings that may be available within…

Binance Is โ€œA Ticking Time Bombโ€

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Kadan Stadelmann, CTO of the decentralized exchange AtomicDEX, believes itโ€™s only a matter ofย  time before Binance (BNB) implodes. Vitalikโ€™s dream fulfilled AtomicDEX is a decentralized exchange built on top of the Komodo (KMD) multi-chain platform. It claims to be โ€œthe industryโ€™s most advanced peer-to-peer mobile-first atomic swap protocolโ€. Talking to Cointelegraph, Stadelmann explained why users should not trust big centralized exchanges like Binance: โ€œI absolutely do think [Binance] is just like a ticking time bomb. We donโ€™t know what is happening with these funds, are they even in a…

Far From Feeling Threatened, EOS Community Wants Block.One to Get Involved

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In an unprecedented move, Block.One announced on April 8 that it would begin voting for block producers, or BPs. This marks a clear change in the companyโ€™s policies, which previously went to great lengths to dissociate itself from EOS.ย  Block.Oneโ€™s stake amounts to slightly less than 10% of all EOS, which makes it the single largest stakeholder in the ecosystem. This gives it vast, though by no means unlimited, power when choosing block producers.ย  But unlike some other blockchains like Steem, where the relationship between the community and the founding…

South Korean Government Labels Blockchain a Golden Opportunity

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The South Korean government has stated that the blockchain market represents a โ€œgolden opportunityโ€ for the country. They are now calling for private sector companies throughout South Korea to exploit this potential. According to a report published on April 17 fromย Fn News, the Vice Minister of Strategy and Finance, Koo Yun-cheol, held a meeting on blockchain technology which brought together a number of private industry experts. Opportunities in the European and U.S. markets Koo pointed to positive forecasts regarding the growth of blockchain technology development in foreign markets, such as…

Major Airline AirAsia Launches Blockchain-Driven Cargo Booking System

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Teleport, the logistics division of major airline, AirAsia, has launched a blockchain-based cargo booking system called Freightchain. According to an April 16 announcement, Freightchain is โ€œthe worldโ€™s first digital air cargo network run on blockchain.โ€ The network โ€” which is launching today โ€” allows shippers or freight forwarders to instantly book and confirm any of AirAsiaโ€™s 247 aircraft to carry cargo. Freightchain assigns shippers and their freight forwarders to cargo connections to help them with their supply chain needs, and facilitate bookings in real-time which are processed on-chain. The projectโ€™s…