June 5, 2020

Blockchain Bites: Why UN and Federal Reserve Experts Think CBDCs Could Kill Commercial Banking

June 5, 2020 boss

U.N. and Federal Reserve experts independently researched central bank digital currencies and found they could effectively compete with the commercial banking system. Meanwhile, New York State and France have entered into a regulatory agreement and Europol is concerned about the bitcoin privacy wallet Wasabi. Here’s the story: You’re reading Blockchain Bites, the daily roundup of the most pivotal stories in blockchain and crypto news, and why they’re significant. You can subscribe to this and all of CryptoX’s newsletters here. Top shelf Demise of Banking?In a new research paper, the Federal Reserve of Philadelphia investigated…

Antminer T19 May Not Affect Bitcoin Hash Rate but Keeps Bitmain Ahead

June 5, 2020 boss

Earlier this week, Chinese mining-hardware juggernaut Bitmain unveiled its new product, an application-specific integrated circuit called Antminer T19. The Bitcoin (BTC) mining unit is the latest to join the new generation of ASICs — state-of-the-art devices designed to mitigate increased mining difficulty by maximizing the terahashes-per-second output. The Antminer T19 announcement comes amid the post-halving uncertainty and follows the company’s recent problems with its S17 units. So, can this new machine help Bitmain to reinforce its somewhat hobbled position in the mining sector? T19: The cheaper S19 According to the…

Ledger Users Can Now Connect Their Wallets to DeversiFi DEX

June 5, 2020 boss

Ledger, a producer of cryptocurrency hardware wallets, announced today that its users can now connect their devices to the DeversiFi decentralized exchange, or DEX. Hardware wallets + DeFi As a result of this integration, Ledger has become one of the first hardware wallet makers to step into the space of decentralized finance, or DeFi. Its users now have the ability to trade cryptocurrencies, confirm transactions, and sign messages directly from their devices — all while retaining the control over their private keys. Although DEXs are generally considered more reliable than…

‘America’s Got Talent’ Silence on BLM Makes Discrimination Lawsuit Unsurprising

June 5, 2020 boss

“America’s Got Talent” is being sued by Gabrielle Union for discrimination. This announcement comes shortly after NBC tweeted their support for the #BlackLivesMatter movement. Once again, this proves that most of the celebrity support — especially from white celebrities — is performative at best. “America’s Got Talent” is getting sued. Gabrielle Union — an ex-judge on the hit NBC talent competition show — filed a complaint in the state of California against both the producers of the show and the network itself. Most interestingly, while NBC posted their support of…

Bitcoin Has Been the Best Currency Investment for Over 1,200 Years

June 5, 2020 boss

Bitcoin (BTC)’s value appreciation over the past 11 years sets it apart from virtually all of the world’s fiat currencies. Central banks around the globe continue to churn out money, deliberately devaluing existing currency through inflation. They have also had a lot longer than Bitcoin’s 11 years for the effects to accumulate. So how do major fiat currencies compare to Bitcoin? Bitcoin — the bar by which others will be measured The first Bitcoins were mined on Jan. 3, 2009. The first widely accepted commercial transaction was on May 22,…

Warren Buffett Made a Rookie Mistake – Now the Stock Market Is Making Him Pay

June 5, 2020 boss

Warren Buffett made a classic rookie investing blunder when he sold Berkshire’s airline holdings in April. He panic-sold the stocks, right before the industry bottomed out in May. The big four U.S. airlines have soared since then, posting gains of up to 100%. When Warren Buffett dumped all of Berkshire’s holdings in four U.S. airline stocks, he said the “world has changed for airlines” and that he’d made an “understandable mistake” investing in them in the first place. A month later, it’s clear Buffett made a mistake, albeit one that’s…

Clarifying Tokenization to Drive Global Adoption

June 5, 2020 boss

Microsoft, IBM, Nasdaq and a number of other technology and financial organizations from around the world recently formed the InterWork Alliance, or IWA. The alliance, which currently consists of 36 members, serves as a non-profit organization dedicated to creating global standards needed to drive tokenized ecosystems. Microsoft’s principal architect and the IWA chairman, Marley Gray, told Cointelegraph that any expression of value in any vertical or use case can be rendered as a token. Cryptocurrencies, for example, are one of the many types of tokens that can be exchanged across…

Singapore-Based TomoChain Launches P2P Lending Feature

June 5, 2020 boss

Singapore-based cryptocurrency exchange TomoChain will launch a peer-to-peer, or P2P, lending feature on June 6 through its TomoDEX’s platform. According to an announcement, TomoDEX is the first decentralized exchange, or DEX, powered by the layer 1 protocol TomoX — which will have a maximum of 150 DEXs running on it. It’s currently in soft launch with spot trading enabled. The DEX boasts a reported speed of 2,000 transactions per second. Long Vuong, CEO of TomoChain said the P2P lending feature does require a trusted custodian and there will be no…