July 11, 2020

Review: ‘HOW ARE WE’ – Tokenized Performance Art Film

July 11, 2020 boss

As Cointelegraph reported, earlier this week a quarantine-inspired performance art film called HOW ARE WE was hashed and minted into a non-fungible token on the Ethereum blockchain. The project also minted another group of fungible HOW tokens and distributed these amongst the film’s contributors. The rights to the work are now controlled by the main token holder, although mechanisms are in place to ensure that any change of ownership will also reward the holders of the HOW tokens. The entire value of the initial sale will be distributed between the…

Comparing Apple to Bitcoin? Crypto Occupies a Class of Its Own

July 11, 2020 boss

A recent article by a Cointelegraph Markets contributor proclaimed that “Bitcoin is the ‘new’ Apple,” explaining just how Bitcoin’s (BTC) price could reach $60,000 by 2023: “Bitcoin hangs near the chasm of the adoption curve, and its price looks similar to Apple’s stock in 2008 before it broke out with a 520% rally.” The technology adoption curve referenced was Everett Rogers’ famous “diffusion of innovations” model, published in 1962, which described the five stages through which technology becomes “diffused” — i.e., goes mainstream: innovators, early adopters, early majority, late majority…

Bitcoin Script and Onchain Contracts: Two High-Level Programming Languages for Bitcoin Cash

July 11, 2020 boss

Last May, the software developer and creator of revoke.cash, Rosco Kalis, released Cashscript version 0.4 that included a number of optimizations. Cashscript’s new website highlights the high-level language that “offers a strong abstraction layer over Bitcoin Cash’ native virtual machine, Bitcoin Script.” Additionally, the developer Tendo Pein recently announced the “high-level smart contracts programming language for Bitcoin Cash” called Spedn now has a new website. Cashscript Version 0.4.3 and Cashscript.org Rosco Kalis is a software developer who is involved with a number of different cryptocurrency projects. For instance, Kalis created…

Japanese Exchange Holdings of Bitcoin Surged During the Pandemic

July 11, 2020 boss

The Japan Virtual and Crypto Assets Exchange Association (JVCEA) — a self-regulatory organization for the crypto industry in Japan — recently published a report on Japanese holdings of major cryptocurrencies in March. 169,376 BTC was held on Japanese exchanges, up more than 11% from the previous month. XRP was up 6.4% to 3.2 billion XRP. Ether was up more than 5.7% to 1.14 million ETH. Moreover, the number of Bitcoin Cash (BCH), Monacoin (MONA), Litecoin (LTC), and NEM (XEM) also increased slightly in March. The volume of Bitcoin spot trading was 617.3…

This Exchange Crashed Bitcoin Price to $9K: Here’s Why That’s Bullish

July 11, 2020 boss

According to data from CoinMetrics, a sell-off on Bitstamp led the market-wide plunge of Bitcoin (BTC). The top cryptocurrency by market capitalization dropped $150 within seconds on the exchange, well below the average market price at the time. Researchers at CoinMetrics said: “Today’s market drop was led by trade activity on Bitstamp, where Bitcoin’s price dropped $150 in seconds, well below the rest of the market.” The price of Bitcoin drops lower on Bitstamp than other exchanges on July 10. Source: CoinMetrics The sell-off on Bitstamp coincided with a sudden…

Blockchain Changes Gaming Economics, Forte Exec Explains

July 11, 2020 boss

During a gaming-focused Unitize digital conference panel, Mike Termezy, vice president of token economics at blockchain technology services company Forte Labs, explained blockchain can alter gaming market ecosystems. Blockchain can lay out more clearly-defined scarcity parameters in gaming During the panel, Termezy, along with gaming expert and principal at Gossamer Consulting Group, Eric Kress, discussed a number of points on the current gaming scene. Topics included comments on various gaming communities, the digital in-game products companies sell, and other aspects. After noting a number of points on blockchain application in…

Sale of the Century: The Inside Story of Ethereum’s 2014 Premine

July 11, 2020 boss

The following is excerpted from Camila Russo’s “The Infinite Machine,” an in-depth history of Ethereum, which goes on sale July 14. The sale started on July 22 at midnight in Switzerland. The website they put together for the sale had a real-time counter of the amount of ether sold, and the team watched with relief as the numbers ticked up. More than 7 million ether, or about $2.2 million, were sold just in the first 12 hours. It had been a long, hard wait since December and January, when most…

Decentralized Tech a Safety Mesh From Blackouts

July 11, 2020 boss

Hurricanes and typhoons, earthquakes, cyberattacks and solar flares: There are many disasters, both natural and human-made, that have the potential to disrupt our digital-centric societies. With an estimated 4.5 billion people using the internet, many communicate with cell phones and email, while financially transacting using credit cards, apps and ATMs. But each of these critical services is dependent on a reliable connection to the internet and a continuous source of electricity — both of which are typically unavailable after a disaster. As the planet continues to warm due to human-caused…

Bank of Lithuania Launches First Blockchain-Based Digital Collector’s Coin As Test for CBDC

July 11, 2020 boss

The Bank of Lithuania has launched the first central bank-produced digital collectors coin dubbed “LBCOINS” as part of its trial of blockchain technology and testing in its development of central bank digital currencies (CBDC). The Central Bank of Lithuania has been developing the project since March 2018 and is currently entering the final phase of the trial. Wake-Up Call for Central Bankers Deputy governor of the Bank of Lithuania, Marius Jurgilas, said: “No one in the central bank community was thinking about digital currency seriously before we realized that there…