The data economy is broken. Large corporations hoard data for their own means, while small companies are left to pick from a collection of fragmented sources. This stalls innovation in frontier industries like Artificial Intelligence and Machine Learning.
At the same time, Data Vendors and Producers have little incentive to continue producing the authentic data these small companies need. This isn’t a sustainable model for the “new oil.”
Quadrant changes all that by providing a blueprint for mapping these decentralized data sources. Authenticity, provenance, compliancy, and fair compensation all rolled into a single protocol.
With Quadrant, everybody wins. Data Producers get compensated fairly every time their data is used, not just the first time it is sold. Data Vendors can prove ownership of their data products and earn status as a trusted supplier. Data Consumers get access to authentic and compliant data that they can use to power their data-driven businesses.
But where Quadrant really shines is the opportunity it provides the Elons of the world to solve global problems. Elons are the game-changers, the innovators that will find connections between diverse datasets that bring about fundamental changes in the way we live.
Quadrant is the future of authentic data. Get in on this revolutionary project while you can.
Quadrant is a blockchain-based protocol that enables the access, creation, and distribution of data products and services with authenticity and provenance at its core. The data economy is similar to space; unmapped and chaotic. Quadrant serves as the blueprint that provides an organized system for the utilization of decentralized data.
Learn more about Quadrant Protocol here:
http://quadrantprotocol.com
https://t.me/quadrantprotocol8
At the same time, Data Vendors and Producers have little incentive to continue producing the authentic data these small companies need. This isn’t a sustainable model for the “new oil.”
Quadrant changes all that by providing a blueprint for mapping these decentralized data sources. Authenticity, provenance, compliancy, and fair compensation all rolled into a single protocol.
With Quadrant, everybody wins. Data Producers get compensated fairly every time their data is used, not just the first time it is sold. Data Vendors can prove ownership of their data products and earn status as a trusted supplier. Data Consumers get access to authentic and compliant data that they can use to power their data-driven businesses.
But where Quadrant really shines is the opportunity it provides the Elons of the world to solve global problems. Elons are the game-changers, the innovators that will find connections between diverse datasets that bring about fundamental changes in the way we live.
Quadrant is the future of authentic data. Get in on this revolutionary project while you can.
Quadrant is a blockchain-based protocol that enables the access, creation, and distribution of data products and services with authenticity and provenance at its core. The data economy is similar to space; unmapped and chaotic. Quadrant serves as the blueprint that provides an organized system for the utilization of decentralized data.
Learn more about Quadrant Protocol here:
http://quadrantprotocol.com
https://t.me/quadrantprotocol8
Quadrantprotocol
Quadrant Protocol
A blueprint to map decentralized data, it is a blockchain based data protocol that is powering Quadrant.io and Geolancer.app
Crypto Fear & Greed Index
The crypto market behaviour is very emotional. People tend to get greedy when the market is rising which results in FOMO (Fear of missing out). Also, people often sell their coins in irrational reaction of seeing red numbers. With our Fear and Greed Index, we try to save you from your own emotional overreations. There are two simple assumptions:
✅ Extreme fear can be a sign that investors are too worried. That could be a buying opportunity.
✅ When Investors are getting too greedy, that means the market is due for a correction.
Therefore, we analyze the current sentiment of the Bitcoin market and crunch the numbers into a simple meter from 0 to 100. Zero means "Extreme Fear", while 100 means "Extreme Greed". See below for futher information on our data sources.
We are gathering data from the five following sources. Each data point is valued the same as the day before in order to visualize a meaningful progress in sentiment change of the crypto market.
First of all, the current index is for bitcoin only (we offer separate indices for large alt coins soon), because a big part of it is the volatility of the coin price.
But let’s list all the different factors we’re including in the current index:
🔹Volatility (25%). We’re measuring the current volatility and max. drawdowns of bitcoin and compare it with the corresponding average values of the last 30 days and 90 days. We argue that an unusual rise in volatility is a sign of a fearful market.
🔹 Market Momentum/Volume (25%). Also, we’re measuring the current volume and market momentum (again in comparison with the last 30/90 day average values) and put those two values together. Generally, when we see high buying volumes in a positive market on a daily basis, we conclude that the market acts overly greedy / too bullish.
🔹 Social Media (15%). While our reddit sentiment analysis is still not in the live index (we’re still experimenting some market-related key words in the text processing algorithm), our twitter analysis is running. There, we gather and count posts on various hashtags for each coin (publicly, we show only those for Bitcoin) and check how fast and how many interactions they receive in certain time frames).
🔹 Surveys (15%). Together with strawpoll.com (disclaimer: we own this site, too), quite a large public polling platform, we’re conducting weekly crypto polls and ask people how they see the market. Usually, we’re seeing 2,000 - 3,000 votes on each poll, so we do get a picture of the sentiment of a group of crypto investors.
🔹 Dominance (10%). The dominance of a coin resembles the market cap share of the whole crypto market. Especially for Bitcoin, we think that a rise in Bitcoin dominance is caused by a fear of (and thus a reduction of) too speculative alt-coin investments, since Bitcoin is becoming more and more the safe haven of crypto.
🔹 Trends (10%) We pull Google Trends data for various Bitcoin related search queries and crunch those numbers, especially the change of search volumes as well as recommended other currently popular searches. F
The crypto market behaviour is very emotional. People tend to get greedy when the market is rising which results in FOMO (Fear of missing out). Also, people often sell their coins in irrational reaction of seeing red numbers. With our Fear and Greed Index, we try to save you from your own emotional overreations. There are two simple assumptions:
✅ Extreme fear can be a sign that investors are too worried. That could be a buying opportunity.
✅ When Investors are getting too greedy, that means the market is due for a correction.
Therefore, we analyze the current sentiment of the Bitcoin market and crunch the numbers into a simple meter from 0 to 100. Zero means "Extreme Fear", while 100 means "Extreme Greed". See below for futher information on our data sources.
We are gathering data from the five following sources. Each data point is valued the same as the day before in order to visualize a meaningful progress in sentiment change of the crypto market.
First of all, the current index is for bitcoin only (we offer separate indices for large alt coins soon), because a big part of it is the volatility of the coin price.
But let’s list all the different factors we’re including in the current index:
🔹Volatility (25%). We’re measuring the current volatility and max. drawdowns of bitcoin and compare it with the corresponding average values of the last 30 days and 90 days. We argue that an unusual rise in volatility is a sign of a fearful market.
🔹 Market Momentum/Volume (25%). Also, we’re measuring the current volume and market momentum (again in comparison with the last 30/90 day average values) and put those two values together. Generally, when we see high buying volumes in a positive market on a daily basis, we conclude that the market acts overly greedy / too bullish.
🔹 Social Media (15%). While our reddit sentiment analysis is still not in the live index (we’re still experimenting some market-related key words in the text processing algorithm), our twitter analysis is running. There, we gather and count posts on various hashtags for each coin (publicly, we show only those for Bitcoin) and check how fast and how many interactions they receive in certain time frames).
🔹 Surveys (15%). Together with strawpoll.com (disclaimer: we own this site, too), quite a large public polling platform, we’re conducting weekly crypto polls and ask people how they see the market. Usually, we’re seeing 2,000 - 3,000 votes on each poll, so we do get a picture of the sentiment of a group of crypto investors.
🔹 Dominance (10%). The dominance of a coin resembles the market cap share of the whole crypto market. Especially for Bitcoin, we think that a rise in Bitcoin dominance is caused by a fear of (and thus a reduction of) too speculative alt-coin investments, since Bitcoin is becoming more and more the safe haven of crypto.
🔹 Trends (10%) We pull Google Trends data for various Bitcoin related search queries and crunch those numbers, especially the change of search volumes as well as recommended other currently popular searches. F
It's a contrarian view, but it's the central idea behind one of last year's largest initial coin offerings (ICOs), which raised $98 million selling ethereum-based tokens created specifically for the messaging app company Kik. To jumpstart a digital market around its code, the company announced Tuesday that it's committing up to $3 million in fiat and crypto to enlist developers in creating up to 25 marketplaces that only use kin, a cryptocurrency valued at roughly $100 million. These marketplaces could be anything from places to buy access to live video chats with a influential YouTubers t0 very rare sticker packs they can use in chats.
As long as its all digital, that's the kind of market kin wants to foster. But while the Kik app is a natural place to host such markets, projects don't have to be built there per se, according to the newly released terms of the KIN Developer Program.
The initiative "financially incentivizes developers to create natively with kin, bringing us closer to our goal of becoming the most used cryptocurrency in the world," Ted Livingston, CEO of Kik, said in a press release.
Developers have a chance to earn as much as $115,000 provided they meet three key milestones for their app by April 2019. (They have until October 2 to build an app approved to run on its software development kit (SDK), until January to grow it to 10,000 monthly active wallets (MAWs) and until April to grow to 50,000 MAWs).
As long as its all digital, that's the kind of market kin wants to foster. But while the Kik app is a natural place to host such markets, projects don't have to be built there per se, according to the newly released terms of the KIN Developer Program.
The initiative "financially incentivizes developers to create natively with kin, bringing us closer to our goal of becoming the most used cryptocurrency in the world," Ted Livingston, CEO of Kik, said in a press release.
Developers have a chance to earn as much as $115,000 provided they meet three key milestones for their app by April 2019. (They have until October 2 to build an app approved to run on its software development kit (SDK), until January to grow it to 10,000 monthly active wallets (MAWs) and until April to grow to 50,000 MAWs).
Bitfinex is one of the leading cryptocurrency exchanges with nearly $400 million trading volume on Wednesday. It supports several cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC) and Rippple (XRP), which are traded in pairs with BTC and ETH as well as four fiat currencies, US dollar, Euro, British pound and Japanese yen.
Bitfinex, one of the leading virtual currency markets, has revealed a new crypto connection service that targets institutional investors, the exchange announced on Wednesday. The crypto connectivity network was built by Swiss service provider Market Synergy.
Bitfinex decided to launch a faster and more secure cryptocurrency connection network as a supplement to its FIX gateway seeking to meet the increasing demand from institutional investors like banks, hedge funds and brokers, Bitfinex’s CEO Paolo Ardoino said.
Under the deal, Market Synergy built a bespoke network for Bitfinex’s FIX digital asset gateway by providing outsourced connectivity and hosting services as well as FIX feed and ISP link.
“As the demand for cryptocurrency trading gathers momentum, we spotted a gap in the market for an institutional calibre cryptocurrency connectivity offering… We have worked very closely with Bitfinex to evaluate their needs, select the ideal data centre and set up the correct infrastructure to create a bespoke network with connections to their digital asset gateway for professional traders,” James Banister, CEO of Market Synergy said.
Bitfinex, one of the leading virtual currency markets, has revealed a new crypto connection service that targets institutional investors, the exchange announced on Wednesday. The crypto connectivity network was built by Swiss service provider Market Synergy.
Bitfinex decided to launch a faster and more secure cryptocurrency connection network as a supplement to its FIX gateway seeking to meet the increasing demand from institutional investors like banks, hedge funds and brokers, Bitfinex’s CEO Paolo Ardoino said.
Under the deal, Market Synergy built a bespoke network for Bitfinex’s FIX digital asset gateway by providing outsourced connectivity and hosting services as well as FIX feed and ISP link.
“As the demand for cryptocurrency trading gathers momentum, we spotted a gap in the market for an institutional calibre cryptocurrency connectivity offering… We have worked very closely with Bitfinex to evaluate their needs, select the ideal data centre and set up the correct infrastructure to create a bespoke network with connections to their digital asset gateway for professional traders,” James Banister, CEO of Market Synergy said.
🚀 OEL Foundation
The supply chain industry generates over 13% of global GDP and is the lifeblood of the global economy. Innovations in this industry drive savings to every business and consumer on the planet.
Trillions of dollars are spent every year transporting everything from raw materials to finished goods, and every year billions in value is lost due to delays and disputes, driving up transport costs and slowing the cash flow cycle. The largest brands in the world lose 1% of revenue they can never invoice without proof of delivery to retailers, and transporters wait weeks to be paid.
The industry is ready to move to a blockchain-based platform that provides real transparency and proof of activity. This will allow every participant to invoice and be paid faster, grow their business, improve service and lower costs.
The Open Enterprise Logistics (OEL) Foundation and Alliance has been established to provide a standard Enterprise Architecture for all supply participants to build logistics dApps and blockchain-enable their technology.
Early adopters have already achieved real-world success, with Alliance member OpenPort becoming the first in the world to sell a blockchain-powered transport invoice on the AssetChain marketplace. https://bit.ly/2GqoBHD
OEL Alliance members are acting now to remove the paper trail, create trust and liquidity, and bypass intermediaries.
Members – from the largest shippers to the smallest transporters – will use the OPN (“open”) token to fuel the ecosystem behind one of the largest industries in the world. The TGE for OPN is a chance be part of an enterprise project that will change how goods and payments flow through the supply chain.
Website: https://oel.foundation/
Telegram: https://t.me/OELFoundation
ANN thread: https://bit.ly/2l986r8
The supply chain industry generates over 13% of global GDP and is the lifeblood of the global economy. Innovations in this industry drive savings to every business and consumer on the planet.
Trillions of dollars are spent every year transporting everything from raw materials to finished goods, and every year billions in value is lost due to delays and disputes, driving up transport costs and slowing the cash flow cycle. The largest brands in the world lose 1% of revenue they can never invoice without proof of delivery to retailers, and transporters wait weeks to be paid.
The industry is ready to move to a blockchain-based platform that provides real transparency and proof of activity. This will allow every participant to invoice and be paid faster, grow their business, improve service and lower costs.
The Open Enterprise Logistics (OEL) Foundation and Alliance has been established to provide a standard Enterprise Architecture for all supply participants to build logistics dApps and blockchain-enable their technology.
Early adopters have already achieved real-world success, with Alliance member OpenPort becoming the first in the world to sell a blockchain-powered transport invoice on the AssetChain marketplace. https://bit.ly/2GqoBHD
OEL Alliance members are acting now to remove the paper trail, create trust and liquidity, and bypass intermediaries.
Members – from the largest shippers to the smallest transporters – will use the OPN (“open”) token to fuel the ecosystem behind one of the largest industries in the world. The TGE for OPN is a chance be part of an enterprise project that will change how goods and payments flow through the supply chain.
Website: https://oel.foundation/
Telegram: https://t.me/OELFoundation
ANN thread: https://bit.ly/2l986r8
Medium
Acudeen Facilitates the First Blockchain-Enabled Invoice Factoring Transaction in the Philippines with OpenPort
Following last week’s exciting news of a partnership between Acudeen Technologies and OpenPort, The Acudeen Team is proud to announce that…
The future of Bitcoin ETF will be decided on August 10. The SEC is currently asking for comments regarding the listing and trading of Bitcoin ETF introduced by VanEck SolidX Bitcoin Trust that will only be available to accredited investors.
This decision by the SEC will potentially open a path for trillions of dollars worth of investments and could further cement the use of cryptocurrency in the FinTech sector.
The official website of SEC states, “Comments on Cboe BZX Rulemaking” in regards with the “Notice of Filing of Proposed Rule Change to List and Trade Shares of SolidX Bitcoin Shares Issued by the VanEck SolidX Bitcoin Trust”.
According to the CEO Jan van Eck,
“We believe that collectively, we will build something that may be better than other constructs currently making their way through the regulatory process. A properly constructed, physically-backed bitcoin ETF will be designed to provide exposure to the price of bitcoin, and an insurance component will help protect shareholders against the operational risks of sourcing and holding bitcoin.”
To buy just one share would be buying the equivalent of 25 Bitcoin, many can imagine that this is only for accredited investors.
Several companies have attempted this in the past but with no notable success, due to high market volatility authorities were reluctant to allow these companies to move ahead with these plans.
If SEC does give its nod of approval for the ETFs, it would mean an indirect green light to mainstream investment in altcoins as well. This would eventually bring funds in trillions in the crypto market.
Depending on if the SEC will give approval of this, this could give a clear go-ahead to mainstream investments, this could, in turn, bring a surge of activity to the crypto markets and turn the bear back into a bull.
This decision by the SEC will potentially open a path for trillions of dollars worth of investments and could further cement the use of cryptocurrency in the FinTech sector.
The official website of SEC states, “Comments on Cboe BZX Rulemaking” in regards with the “Notice of Filing of Proposed Rule Change to List and Trade Shares of SolidX Bitcoin Shares Issued by the VanEck SolidX Bitcoin Trust”.
According to the CEO Jan van Eck,
“We believe that collectively, we will build something that may be better than other constructs currently making their way through the regulatory process. A properly constructed, physically-backed bitcoin ETF will be designed to provide exposure to the price of bitcoin, and an insurance component will help protect shareholders against the operational risks of sourcing and holding bitcoin.”
To buy just one share would be buying the equivalent of 25 Bitcoin, many can imagine that this is only for accredited investors.
Several companies have attempted this in the past but with no notable success, due to high market volatility authorities were reluctant to allow these companies to move ahead with these plans.
If SEC does give its nod of approval for the ETFs, it would mean an indirect green light to mainstream investment in altcoins as well. This would eventually bring funds in trillions in the crypto market.
Depending on if the SEC will give approval of this, this could give a clear go-ahead to mainstream investments, this could, in turn, bring a surge of activity to the crypto markets and turn the bear back into a bull.
Ethereum’s Joe Lubin: ‘We’re Moving Towards a World of Decentralized Governance’
Leading crypto industry figures weighed in on the major implications of cryptocurrencies for - and beyond - the global economy, at the Rise conference in Hong Kong Wednesday, July 11.
The panel’s participants were the Ethereum Foundation’s co-founder Joseph Lubin, CEO of crypto merchant bank Galaxy Digital Mike Novgoratz, Crypto.com CEO Kris Marszalek, Tenx’s Julian Hosp, and Wall Street Journal columnist Jacky Wong.
First tackling the popular question of whether crypto can replace fiat, Mike Novogratz argued against the idea, saying that neither Bitcoin (BTC) nor Ethereum (ETH) are positioned in the short-term to do so. Both of them represent “system change,” he said, rather than a substitute for cash.
Bitcoin is likely to remain a “store of value,” or “digital gold,” he suggested, with Ethereum serving as a form of “crypto-fuel” for decentralized ecosystems.
Lubin agreed with this characterization, considering that Ether will be “just one of many crypto-commodities in an information ecosystem”:
“We’re moving into a qualitative shift in the nature of money...towards a world of ‘global villages’ where you can have decentralized governance, you can define goals for your ecosystem, mechanisms by which you achieve those goals, and raise money through your own cryptocurrency or value token within these networks.”
Leading crypto industry figures weighed in on the major implications of cryptocurrencies for - and beyond - the global economy, at the Rise conference in Hong Kong Wednesday, July 11.
The panel’s participants were the Ethereum Foundation’s co-founder Joseph Lubin, CEO of crypto merchant bank Galaxy Digital Mike Novgoratz, Crypto.com CEO Kris Marszalek, Tenx’s Julian Hosp, and Wall Street Journal columnist Jacky Wong.
First tackling the popular question of whether crypto can replace fiat, Mike Novogratz argued against the idea, saying that neither Bitcoin (BTC) nor Ethereum (ETH) are positioned in the short-term to do so. Both of them represent “system change,” he said, rather than a substitute for cash.
Bitcoin is likely to remain a “store of value,” or “digital gold,” he suggested, with Ethereum serving as a form of “crypto-fuel” for decentralized ecosystems.
Lubin agreed with this characterization, considering that Ether will be “just one of many crypto-commodities in an information ecosystem”:
“We’re moving into a qualitative shift in the nature of money...towards a world of ‘global villages’ where you can have decentralized governance, you can define goals for your ecosystem, mechanisms by which you achieve those goals, and raise money through your own cryptocurrency or value token within these networks.”
⚽️ Up-to-date: Ronaldinho created his own crypto currency
Soon, the world will be able to buy Ronaldinho Soccer Coin. Legendary football player Ronaldinho decided to keep up with world trends and invested in the creation of his own cryptocurrency. The new currency from the ex-football player will be called Ronaldinho Soccer Coin, created on the platform Neo, and you can buy it anywhere in the world.
Soon, the world will be able to buy Ronaldinho Soccer Coin. Legendary football player Ronaldinho decided to keep up with world trends and invested in the creation of his own cryptocurrency. The new currency from the ex-football player will be called Ronaldinho Soccer Coin, created on the platform Neo, and you can buy it anywhere in the world.
The co-founder of TenX is "quite confident" in bitcoin's ability to reach $ 60,000 by the end of the year
Co-founder and president of the TenX crypto-cash start-up Julian Hospp is still "quite confident" that bitcoin could reach $ 60,000 in 2018. This was stated in a conversation with CNBC at the Rise conference in Hong Kong. According to Hosp, he adheres to his forecast for 2018, which he announced in December. "In December, the price was at a historical maximum around $ 20,000. I forecast that in 2018 it will be at levels of $ 5,000 and $ 60,000. Up to $ 5,000 we have almost reached, now let's see if we can rise to $ 60,000. I I'm still sure of it, "he said.
Co-founder and president of the TenX crypto-cash start-up Julian Hospp is still "quite confident" that bitcoin could reach $ 60,000 in 2018. This was stated in a conversation with CNBC at the Rise conference in Hong Kong. According to Hosp, he adheres to his forecast for 2018, which he announced in December. "In December, the price was at a historical maximum around $ 20,000. I forecast that in 2018 it will be at levels of $ 5,000 and $ 60,000. Up to $ 5,000 we have almost reached, now let's see if we can rise to $ 60,000. I I'm still sure of it, "he said.
👴 HitBTC Exchange will be brought to court with the help of McAfee
John McAfee said that he is going to sue the bitcoin-exchange HitBTC. Back in June, McAfee launched a campaign against HitBTC. He accuses the exchange of excessive fees for the withdrawal of the Docademic crypto currency (MTC).
While the project allows users to take advantage of free medical services, according to McAfee, the exchange has done nothing to access users to "the only free medical care in the world."
John claimed that the HitBTC administration did not respond to his requests, although the exchange posted a post on Twitter, explaining that the high commission for the withdrawal of this crypto currency is explained by the Ethereum network commission.
McAfee promised to donate $ 20 million to lawyers for a lawsuit against HitBTC. This, he said, will bring down the whole business.
John McAfee said that he is going to sue the bitcoin-exchange HitBTC. Back in June, McAfee launched a campaign against HitBTC. He accuses the exchange of excessive fees for the withdrawal of the Docademic crypto currency (MTC).
While the project allows users to take advantage of free medical services, according to McAfee, the exchange has done nothing to access users to "the only free medical care in the world."
John claimed that the HitBTC administration did not respond to his requests, although the exchange posted a post on Twitter, explaining that the high commission for the withdrawal of this crypto currency is explained by the Ethereum network commission.
McAfee promised to donate $ 20 million to lawyers for a lawsuit against HitBTC. This, he said, will bring down the whole business.
Orvium - Open and Transparent Science Powered By Blockchain
It is time to get involved and get the control back of the human knowledge.
Orvium is more than another startup — you are about to participate in a project driven by top engineers and scientists with many years of experience driving innovation at CERN, the birthplace of the Web, and NASA.
Orvium aims to disrupt one of the most lucrative industry world-wide, with profit margins reported to exceed those of companies such as Google, Amazon, and Apple, while making science more transparent, universal and open than ever. Orvium creates a unique decentralized platform powered by blockchain, decentralized storage, big data and artificial intelligence to create an unprecedented decentralized solution to process, validate, disseminate and preserve scientific knowledge forever.
We want you to be part of our future: Our TGE offers you the unique opportunity to buy ORVIUM tokens and join an excellent team. With your participation, we are going to scale science and become the leading publication platform while returning the benefits of science to society. The Web was originally designed to meet the demand for transparent and automatic information sharing between scientists around the world, lets do it now and for all.
Early-birds will be rewarded with a 10% bonus during our pre-sale.
Join us and be part of this exciting journey:
https://t.me/orvium
https://orvium.io
It is time to get involved and get the control back of the human knowledge.
Orvium is more than another startup — you are about to participate in a project driven by top engineers and scientists with many years of experience driving innovation at CERN, the birthplace of the Web, and NASA.
Orvium aims to disrupt one of the most lucrative industry world-wide, with profit margins reported to exceed those of companies such as Google, Amazon, and Apple, while making science more transparent, universal and open than ever. Orvium creates a unique decentralized platform powered by blockchain, decentralized storage, big data and artificial intelligence to create an unprecedented decentralized solution to process, validate, disseminate and preserve scientific knowledge forever.
We want you to be part of our future: Our TGE offers you the unique opportunity to buy ORVIUM tokens and join an excellent team. With your participation, we are going to scale science and become the leading publication platform while returning the benefits of science to society. The Web was originally designed to meet the demand for transparent and automatic information sharing between scientists around the world, lets do it now and for all.
Early-birds will be rewarded with a 10% bonus during our pre-sale.
Join us and be part of this exciting journey:
https://t.me/orvium
https://orvium.io
Telegram
Orvium
Public group of the Orvium Project orvium.io
Opera becomes the first major browser to debut a built-in cryptocurrency wallet
In a new press release, Opera has confirmed that a new version of its Opera Browser for Android will introduce a built-in cryptocurrency wallet that will support Ethereum’s Web3 API.
The news is significant for the fact that the wallet would touch hands with an estimated 250 million users, with over one hundred million consumers in Africa alone. It is presently estimated that the browser enjoys a 3.5% usage share of all browsers globally, and more specifically claims a 4.55% usage share for all mobile web browsers globally.
In a statement to the press, product manager Charles Hamel noted that Opera’s “hope is that this will accelerate the transition of cryptocurrencies from speculation and investment to being used for actual payments and transactions in our users’ daily lives.” Hamel went on to add that “we believe the web of today will be the interface to the decentralized web of tomorrow…By becoming the first major browser to open up to Web 3.0, we would like to contribute to making the internet of the future more accessible.” The presence of the wallet will enable millions of mobile internet consumers to receive and issue cryptocurrency payments without the need to download an additional wallet or application.
The advent is not the first occasion in which Opera has dipped its toes into cryptocurrency. Earlier this year, Opera moved to add cryptocurrency mining protection as a standard feature across all its mobile browsing platforms.
The firm’s anti-cryptocurrency mining feature is now activated by default on both Opera Mini and Opera for Android, giving its users some piece of mind while browsing the web.
In a new press release, Opera has confirmed that a new version of its Opera Browser for Android will introduce a built-in cryptocurrency wallet that will support Ethereum’s Web3 API.
The news is significant for the fact that the wallet would touch hands with an estimated 250 million users, with over one hundred million consumers in Africa alone. It is presently estimated that the browser enjoys a 3.5% usage share of all browsers globally, and more specifically claims a 4.55% usage share for all mobile web browsers globally.
In a statement to the press, product manager Charles Hamel noted that Opera’s “hope is that this will accelerate the transition of cryptocurrencies from speculation and investment to being used for actual payments and transactions in our users’ daily lives.” Hamel went on to add that “we believe the web of today will be the interface to the decentralized web of tomorrow…By becoming the first major browser to open up to Web 3.0, we would like to contribute to making the internet of the future more accessible.” The presence of the wallet will enable millions of mobile internet consumers to receive and issue cryptocurrency payments without the need to download an additional wallet or application.
The advent is not the first occasion in which Opera has dipped its toes into cryptocurrency. Earlier this year, Opera moved to add cryptocurrency mining protection as a standard feature across all its mobile browsing platforms.
The firm’s anti-cryptocurrency mining feature is now activated by default on both Opera Mini and Opera for Android, giving its users some piece of mind while browsing the web.
Stellar Lumens is known for its modesty. Low but loud, the coin has launched and built several projects on its network. On 12th July, Stellar Lumens announced that the cryptocurrency payment network ‘Tempo’ is creating the biggest payment network of any authorized cryptocurrency exchange internationally. Stellar Decentralised Exchange also known as Stellar DEX, is used by Tempo. The payment network operated on Stellar DEX is backed by Stellar’s Network.
Using Stellar network one can build mobile wallets, banking tools, smart devices, and more technical payment techniques. Despite Stellar being a complex distributed system, its integration is not recorded to be complicated. Tempo simplifies the exchange process from cryptocurrency to fiat and is currently creating the largest payment network in the world. Tempo brings ease to cryptocurrency trading by facilitating the process on its online platform and mobile application.
Due to Tempo’s portable application and overall installment network, fiat proprietors can evade Bitcoin ATMs and their extensive fee. Tempo uses the Stellar Network, an open-source distributed ledger for facilitating P2P payments, and Lightyear.io, a for-profit spinoff dedicated to helping big players integrate software.
Stellar DEX stores the order book and settles transactions on-ledger, and has matchmaking built into the protocol. The network and exchange can be used for various projects related to their technology and cryptocurrencies. As per the discussion on Reddit regarding Tempo and Stellar DEX, a few Redditors had some points to convey.
Using Stellar network one can build mobile wallets, banking tools, smart devices, and more technical payment techniques. Despite Stellar being a complex distributed system, its integration is not recorded to be complicated. Tempo simplifies the exchange process from cryptocurrency to fiat and is currently creating the largest payment network in the world. Tempo brings ease to cryptocurrency trading by facilitating the process on its online platform and mobile application.
Due to Tempo’s portable application and overall installment network, fiat proprietors can evade Bitcoin ATMs and their extensive fee. Tempo uses the Stellar Network, an open-source distributed ledger for facilitating P2P payments, and Lightyear.io, a for-profit spinoff dedicated to helping big players integrate software.
Stellar DEX stores the order book and settles transactions on-ledger, and has matchmaking built into the protocol. The network and exchange can be used for various projects related to their technology and cryptocurrencies. As per the discussion on Reddit regarding Tempo and Stellar DEX, a few Redditors had some points to convey.
🔥 Most ICOs meet an early death, but people don’t seem to care
According to the study, about 56 percent of firms with ICOs do not survive the first 120 days after they raise funds by selling tokens. The study analyzed tweet intensity from the firms they study to find signs of life in the start-ups. Only 44.2 percent of these companies were able to maintain their momentum for more than 120 days. This shows really grave issues for the cryptocurrency industry as investors’ money could be at risk.
Leonard Kostovetsky, one of the researchers who examined the 2,390 ICOs completed before May, implied that a good investment strategy for investors would be to acquire coins in an ICO and sell them on the first day itself.
🔥 Is It the Official Death of the ICO Industry?
No. ICOs are providing an easier and cheaper fundraising method to several companies around the world. The problem is that returns tend to decline over time. Moreover, a larger number of people are jumping into ICO investments. Kostovetsky said that returns have been falling by four percentage points each month.
He noted that people often look at returns, thinking that an ICO is a good deal. What they fail to accept is a fundamental point of finance that says that return is a compensation for risk. The returns on these platforms are great, but he added that people are investing in projects that have not even been built yet or have no participants.
According to the study, about 56 percent of firms with ICOs do not survive the first 120 days after they raise funds by selling tokens. The study analyzed tweet intensity from the firms they study to find signs of life in the start-ups. Only 44.2 percent of these companies were able to maintain their momentum for more than 120 days. This shows really grave issues for the cryptocurrency industry as investors’ money could be at risk.
Leonard Kostovetsky, one of the researchers who examined the 2,390 ICOs completed before May, implied that a good investment strategy for investors would be to acquire coins in an ICO and sell them on the first day itself.
🔥 Is It the Official Death of the ICO Industry?
No. ICOs are providing an easier and cheaper fundraising method to several companies around the world. The problem is that returns tend to decline over time. Moreover, a larger number of people are jumping into ICO investments. Kostovetsky said that returns have been falling by four percentage points each month.
He noted that people often look at returns, thinking that an ICO is a good deal. What they fail to accept is a fundamental point of finance that says that return is a compensation for risk. The returns on these platforms are great, but he added that people are investing in projects that have not even been built yet or have no participants.
KYC has created a thriving black market for fake IDs
Buying fake ID is a rite of passage for teenagers desiring to be sold alcohol. But a new market for fake ID has sprung up on the web, whose buyers crave nothing more illicit than admittance to the latest crowdsale. Know Your Customer (KYC) requirements, which are now widespread, were designed to screen out US and Chinese investors, and to dispel the notion that ICOs are unregulated. But rather than bolstering the industry’s reputation, they’ve created an unholy mess.
Dedicated Telegram channels specialize in the buying and selling of fake IDs, complete with all the tools an investor needs to pass crowdsale KYC: passport scan, selfie, scanned bank statement; the works. Usually sourced from Russia, these can be bought for as little $50 – and it’s not just Americans and Chinese who are buying them. Investors who reside in countries that permit ICOs have also been snapping up fake IDs as a means of protecting their own identity.
With 80% of this year’s ICOs trading below their public sale price, investing in crowdsales is a risky businesses. Throw in mandatory KYC, and those risks are significantly heightened. A number of projects have been compromised through the hacking of the third party handling their KYC, while others have had their mailing list leaked. In each instance, investors have been susceptible to being doxxed, and there have been reports of blackmail.
Once hackers have obtained the email addresses of investors, they will either attempt to socially engineer them; sell the addresses on the black market; or claim to have filmed the victim watching online porn, threatening to send the video to their friends and family if they don’t pay a ransom. Given these hazards, purchasing a fake ID to pass KYC seems like the lesser of two evils. Tezos forcing KYC on its community one year after they’d invested, essentially holding their tokens to ransom, has further fueled the demand for fake IDs.
Buying fake ID is a rite of passage for teenagers desiring to be sold alcohol. But a new market for fake ID has sprung up on the web, whose buyers crave nothing more illicit than admittance to the latest crowdsale. Know Your Customer (KYC) requirements, which are now widespread, were designed to screen out US and Chinese investors, and to dispel the notion that ICOs are unregulated. But rather than bolstering the industry’s reputation, they’ve created an unholy mess.
Dedicated Telegram channels specialize in the buying and selling of fake IDs, complete with all the tools an investor needs to pass crowdsale KYC: passport scan, selfie, scanned bank statement; the works. Usually sourced from Russia, these can be bought for as little $50 – and it’s not just Americans and Chinese who are buying them. Investors who reside in countries that permit ICOs have also been snapping up fake IDs as a means of protecting their own identity.
With 80% of this year’s ICOs trading below their public sale price, investing in crowdsales is a risky businesses. Throw in mandatory KYC, and those risks are significantly heightened. A number of projects have been compromised through the hacking of the third party handling their KYC, while others have had their mailing list leaked. In each instance, investors have been susceptible to being doxxed, and there have been reports of blackmail.
Once hackers have obtained the email addresses of investors, they will either attempt to socially engineer them; sell the addresses on the black market; or claim to have filmed the victim watching online porn, threatening to send the video to their friends and family if they don’t pay a ransom. Given these hazards, purchasing a fake ID to pass KYC seems like the lesser of two evils. Tezos forcing KYC on its community one year after they’d invested, essentially holding their tokens to ransom, has further fueled the demand for fake IDs.
CRYPTOCARZ IS THE WORLD'S FIRST BLOCKCHAIN-ENABLED VR RACING EXPERIENCE
CRYPTOCARZ IS A MULTIPLAYER, VIRTUAL REALITY (VR)-ENABLED RACING EXPERIENCE, DEVELOPED USING THE ETHEREUM BLOCKCHAIN.
To play, users will have to load the car assets into the game from an Ethereum wallet, where they are stored as an ERC721 token. The ERC721 token has paved the way for a new class of digital assets called non-fungible tokens (NFTs). These allow users to own, customise and maintain control in the
same way as in the physical world.
Blockchain Studios contends that this new asset class opens up new opportunities for user engagement and ownership. We believe that the first wave of innovation will come from gaming. CryptoCarz is the first platform to bring together blockchain, VR and gaming technologies. By giving gamers new options to visualise, own, adapt and race their own car, we think a new era in gaming has arrived.
WE BELIEVE GAMING IT WILL BE TRANSFORMED BY THE RISE – AND INTEGRATION – OF THREE TECHNOLOGIES: BLOCKCHAIN, E-SPORTS AND VR.
Each of them, independently, represents a paradigm shift for game development and consumption. Their attributes will make technology more individual, inclusive and immersive. The combination of these technologies will give rise to new scenarios, where gamers can own, modify, trade and play in an unprecedented way
THE CONCEPT
Cars, gaming and cryptocurrency are shared passions at Blockchain Studios, so combining them was a natural choice when we started working on CryptoCarz. We see strong synergies between the cryptocurrency community and gamers and we believe there is a market for a game that blends racing, cryptocurrency and blockchain technology. CryptoCarz is a multiplayer, fully immersive, VR-enabled racing experience, powered by the Ethereum blockchain. To race in the game, a user will have to demonstrate ownership of a car that is modelled and stored as an ERC721 Ethereum token in the gamer’s private wallet. The car will then be loaded into the game via integration with MetaMask and other proprietary tools
The game will initially offer 20 car models representative of the top cryptocurrencies. Each model will have a maximum of 650 units, hard-coded and numerically defined in the smart contract.No further cars in these models will be produced in the future.
Links:
Telegram Group: https://t.me/cryptocarz
Website: www.cryptocarz.io
Whitepaper: https://www.cryptocarz.io/docs/CryptoCarz_WP.pdf
One pager: https://www.cryptocarz.io/docs/CryptoCarz_1P.pdf
Twitter: https://twitter.com/cryptocarz
Medium blog: https://medium.com/@cryptocarz
CRYPTOCARZ IS A MULTIPLAYER, VIRTUAL REALITY (VR)-ENABLED RACING EXPERIENCE, DEVELOPED USING THE ETHEREUM BLOCKCHAIN.
To play, users will have to load the car assets into the game from an Ethereum wallet, where they are stored as an ERC721 token. The ERC721 token has paved the way for a new class of digital assets called non-fungible tokens (NFTs). These allow users to own, customise and maintain control in the
same way as in the physical world.
Blockchain Studios contends that this new asset class opens up new opportunities for user engagement and ownership. We believe that the first wave of innovation will come from gaming. CryptoCarz is the first platform to bring together blockchain, VR and gaming technologies. By giving gamers new options to visualise, own, adapt and race their own car, we think a new era in gaming has arrived.
WE BELIEVE GAMING IT WILL BE TRANSFORMED BY THE RISE – AND INTEGRATION – OF THREE TECHNOLOGIES: BLOCKCHAIN, E-SPORTS AND VR.
Each of them, independently, represents a paradigm shift for game development and consumption. Their attributes will make technology more individual, inclusive and immersive. The combination of these technologies will give rise to new scenarios, where gamers can own, modify, trade and play in an unprecedented way
THE CONCEPT
Cars, gaming and cryptocurrency are shared passions at Blockchain Studios, so combining them was a natural choice when we started working on CryptoCarz. We see strong synergies between the cryptocurrency community and gamers and we believe there is a market for a game that blends racing, cryptocurrency and blockchain technology. CryptoCarz is a multiplayer, fully immersive, VR-enabled racing experience, powered by the Ethereum blockchain. To race in the game, a user will have to demonstrate ownership of a car that is modelled and stored as an ERC721 Ethereum token in the gamer’s private wallet. The car will then be loaded into the game via integration with MetaMask and other proprietary tools
The game will initially offer 20 car models representative of the top cryptocurrencies. Each model will have a maximum of 650 units, hard-coded and numerically defined in the smart contract.No further cars in these models will be produced in the future.
Links:
Telegram Group: https://t.me/cryptocarz
Website: www.cryptocarz.io
Whitepaper: https://www.cryptocarz.io/docs/CryptoCarz_WP.pdf
One pager: https://www.cryptocarz.io/docs/CryptoCarz_1P.pdf
Twitter: https://twitter.com/cryptocarz
Medium blog: https://medium.com/@cryptocarz
Tether hired a former head of anti-money laundering Canadian Bank
Terher Ltd. Leonardo Real, the former head of control over money laundering of one of the largest banks in Canada, took over the position of the legal compliance officer. Real himself says that he is happy to participate in the formation of this company and be in the space of the blockade and cryptocurrency. "We are very pleased to introduce Leonardo as the director of regulatory compliance, he joined us on the road to transforming the obsolete financial system," - CEO Teter Jean-Louis van der Velde.
Terher Ltd. Leonardo Real, the former head of control over money laundering of one of the largest banks in Canada, took over the position of the legal compliance officer. Real himself says that he is happy to participate in the formation of this company and be in the space of the blockade and cryptocurrency. "We are very pleased to introduce Leonardo as the director of regulatory compliance, he joined us on the road to transforming the obsolete financial system," - CEO Teter Jean-Louis van der Velde.
OKCoin exchange launches fiat-to-crypto trading
Сryptocurrency exchange OKCoin has launched a branch in the U.S. market offering trading services between U.S. dollars and several major cryptocurrencies. According to OKCoin's website on Friday, the exchange has already launched the new offering and is now accepting U.S. dollars deposits and withdrawals, as well as trading against bitcoin, bitcoin cash, litecoin, ethereum and ethereum classic.
For the new offshoot, the company filed a money service business (MSB) registration with the U.S. Financial Crimes Enforcement Network (FinCEN) in November 2017. The document shows that the legal entity behind the exchange is called OKCoin USA Inc. and is based in Mountain View, California. However, OKCoin states on its website that the fiat-to-crypto trading service is currently limited to investors in California – a limitation indicated in the initial MSB filing.
The news follows a report weeks ago revealing a similar move by Huobi, which launched a purely crypto-to-crypto trading service this month for all 50 states in the U.S. through a partner entity dubbed HBUS. Earlier this year, HBUS also filed an MSB registration with FinCEN. However, Li Lin, co-founder and chief executive of Huobi, noted at the time that registering with FinCEN does not resolve all of the possible regulatory issues that come with operating within the U.S. As previously reported by CoinDesk, both OKCoin and Huobi were once two of the three major crypto exchanges in China before the notable trading ban issued by the People's Bank of China in September 2017.
Following the regulatory clampdown, the exchanges shifted their businesses overseas with a focus largely on crypto-to-crypto trading.
Сryptocurrency exchange OKCoin has launched a branch in the U.S. market offering trading services between U.S. dollars and several major cryptocurrencies. According to OKCoin's website on Friday, the exchange has already launched the new offering and is now accepting U.S. dollars deposits and withdrawals, as well as trading against bitcoin, bitcoin cash, litecoin, ethereum and ethereum classic.
For the new offshoot, the company filed a money service business (MSB) registration with the U.S. Financial Crimes Enforcement Network (FinCEN) in November 2017. The document shows that the legal entity behind the exchange is called OKCoin USA Inc. and is based in Mountain View, California. However, OKCoin states on its website that the fiat-to-crypto trading service is currently limited to investors in California – a limitation indicated in the initial MSB filing.
The news follows a report weeks ago revealing a similar move by Huobi, which launched a purely crypto-to-crypto trading service this month for all 50 states in the U.S. through a partner entity dubbed HBUS. Earlier this year, HBUS also filed an MSB registration with FinCEN. However, Li Lin, co-founder and chief executive of Huobi, noted at the time that registering with FinCEN does not resolve all of the possible regulatory issues that come with operating within the U.S. As previously reported by CoinDesk, both OKCoin and Huobi were once two of the three major crypto exchanges in China before the notable trading ban issued by the People's Bank of China in September 2017.
Following the regulatory clampdown, the exchanges shifted their businesses overseas with a focus largely on crypto-to-crypto trading.
Charlie Lee shares big adoption dreams for Litecoin
In an interview with Cheddar, Charlie Lee, the Founder and Managing Director of Litecoin has opened up on his future plans for the cryptocurrency. The discussion covered Litecoin’s recent partnership with TokenPay, its stake purchase in WEG Bank, Robinhood listing Litecoin, and its adoption by other merchants and exchanges. The scientist started by answering the question of ‘how the partnership between Litecoin and TokenPay makes sense’. Charlie explained that the Litecoin Foundation was facing many difficulties in claiming a bank account. In order to resolve this, he mentioned that purchasing stakes in a bank will enable him to “work the bank from the inside”.
Charlie has also set a vision for Litecoin’s adoption in the banking sector. He wants to integrate cryptocurrency related activities with banks, such as introducing Litecoin Debit Cards, merchant solutions and the establishment of both fiat and cryptocurrency accounts for bank customers. During the discussion, a concern regarding the banks’ reluctance to adopt cryptocurrencies was raised. At this, the cryptocurrency innovator stated that he has not interacted with a lot of banks regarding partnerships since most banks are conservative. Additionally, he said that he will be happy to get involved in cases of emerging interest for cryptocurrency in the banking sector.
The partnership between Litecoin and TokenPay is believed to help TokenPay with Litecoin’s high-level blockchain capabilities. Charlie explained how Litecoin can assist TokenPay in defeating blockchain-related limitations and that one of the solutions is to establish TokenPay on the Lightning Network. He will also be working on the development of TokenPay’s decentralized exchange, by guiding the development team.
According to Charlie, it is a fruitful strategic partnership where both the parties can provide each other with the best of what they possess. Shifting to Litecoin’s price drop by ‘nearly 30% in the course of last month’, Charlie Lee clarified that the prices will not affect the adoption of his coin in the short-run. However, in his opinion, Litecoin is performing well in the long-term and that the prices will soon regain health. He further explains that the focal point of Litecoin’s success appears to be the widespread adoption of the cryptocurrency. Just like Robinhood, an increasing number of merchants and exchanges accepting and adding Litecoin to their base has been recorded.
Charlie was also asked about the important elements required for Litecoin to gain more momentum. The interviewers also mentioned that the millennial user-base of Robinhood exchange has an abundant interest in this space but lacks the knowledge. On this, Charlie Lee displayed positivity and shared his view that the youth makes a great market for his coin. He aspires to bring an extreme ease of trade in Litecoin by making it available on as many exchange platforms as possible.
In an interview with Cheddar, Charlie Lee, the Founder and Managing Director of Litecoin has opened up on his future plans for the cryptocurrency. The discussion covered Litecoin’s recent partnership with TokenPay, its stake purchase in WEG Bank, Robinhood listing Litecoin, and its adoption by other merchants and exchanges. The scientist started by answering the question of ‘how the partnership between Litecoin and TokenPay makes sense’. Charlie explained that the Litecoin Foundation was facing many difficulties in claiming a bank account. In order to resolve this, he mentioned that purchasing stakes in a bank will enable him to “work the bank from the inside”.
Charlie has also set a vision for Litecoin’s adoption in the banking sector. He wants to integrate cryptocurrency related activities with banks, such as introducing Litecoin Debit Cards, merchant solutions and the establishment of both fiat and cryptocurrency accounts for bank customers. During the discussion, a concern regarding the banks’ reluctance to adopt cryptocurrencies was raised. At this, the cryptocurrency innovator stated that he has not interacted with a lot of banks regarding partnerships since most banks are conservative. Additionally, he said that he will be happy to get involved in cases of emerging interest for cryptocurrency in the banking sector.
The partnership between Litecoin and TokenPay is believed to help TokenPay with Litecoin’s high-level blockchain capabilities. Charlie explained how Litecoin can assist TokenPay in defeating blockchain-related limitations and that one of the solutions is to establish TokenPay on the Lightning Network. He will also be working on the development of TokenPay’s decentralized exchange, by guiding the development team.
According to Charlie, it is a fruitful strategic partnership where both the parties can provide each other with the best of what they possess. Shifting to Litecoin’s price drop by ‘nearly 30% in the course of last month’, Charlie Lee clarified that the prices will not affect the adoption of his coin in the short-run. However, in his opinion, Litecoin is performing well in the long-term and that the prices will soon regain health. He further explains that the focal point of Litecoin’s success appears to be the widespread adoption of the cryptocurrency. Just like Robinhood, an increasing number of merchants and exchanges accepting and adding Litecoin to their base has been recorded.
Charlie was also asked about the important elements required for Litecoin to gain more momentum. The interviewers also mentioned that the millennial user-base of Robinhood exchange has an abundant interest in this space but lacks the knowledge. On this, Charlie Lee displayed positivity and shared his view that the youth makes a great market for his coin. He aspires to bring an extreme ease of trade in Litecoin by making it available on as many exchange platforms as possible.
Cryptocurrency miners can benefit from special electricity rates
US cryptocurrency miners will now be able to benefit from a special price for electricity. A New York-based utility provider received approval from financial regulators.
This decision could significantly attract a larger number of cryptocurrency miners who intend to take advantage of cheaper sources of electricity in New York. According to Commission Chairman John Rhodes, the new legislative amendment is a method of balance in the sense of ensuring the legitimate payment of electricity bills as well as attracting new companies in the region.
Under the new law, in order to benefit from a special rate, customers will need to use over 300 kilowatt-hours. The special contracts will be reviewed by Massena’s main utility provider and must “protect existing customers from increased supply costs resulting from the new service.”
As previously reported by Coindoo, Massena could host the largest Bitcoin mining center in the world after Coinmint announced it will make an investment worth $ 700 million in a mining facility based in the city and create 150 new jobs.
“The thought of 150 jobs and revitalization of the Alcoa East Facility is exciting,” claimed Steve O’Shaughnessy, Massena town supervisor. “We are ready to provide any assistance we can to move this project to its full potential.”
The fact that miners now have a special rate for electricity consumption will definitely attract more businesses in town, while the existing ones will feel free to record higher consumption.
US cryptocurrency miners will now be able to benefit from a special price for electricity. A New York-based utility provider received approval from financial regulators.
This decision could significantly attract a larger number of cryptocurrency miners who intend to take advantage of cheaper sources of electricity in New York. According to Commission Chairman John Rhodes, the new legislative amendment is a method of balance in the sense of ensuring the legitimate payment of electricity bills as well as attracting new companies in the region.
Under the new law, in order to benefit from a special rate, customers will need to use over 300 kilowatt-hours. The special contracts will be reviewed by Massena’s main utility provider and must “protect existing customers from increased supply costs resulting from the new service.”
As previously reported by Coindoo, Massena could host the largest Bitcoin mining center in the world after Coinmint announced it will make an investment worth $ 700 million in a mining facility based in the city and create 150 new jobs.
“The thought of 150 jobs and revitalization of the Alcoa East Facility is exciting,” claimed Steve O’Shaughnessy, Massena town supervisor. “We are ready to provide any assistance we can to move this project to its full potential.”
The fact that miners now have a special rate for electricity consumption will definitely attract more businesses in town, while the existing ones will feel free to record higher consumption.
Shanghai Stock Exchange examines the use of DLT
The Shanghai Stock Exchange (SSE), one of the world's largest stock exchanges for market capitalization, insists on using distributed registry technology (DLT) in the securities market. SSE published a research paper on Tuesday analyzing the use of DLTs at various stages of transactions, such as trader registration, issuance and trading of securities, and post-trade settlement. Further, the stock exchange summarized some of the key benefits of implementing DLT in China's financial infrastructure, such as improving the efficiency of settlements by replacing the current T + 1 model, in which the transaction can be resolved only one business day after the order is completed.
Being the fourth largest stock exchange in the world by market capitalization at the level of 5.12 trillion in trade volume, As of December 2017, SSE is a non-profit organization directly managed by a government agency, namely the China Securities Regulatory Commission. However, the study document suggested that the potential deployment of DLT on the Chinese stock exchange may still face a number of regulatory obstacles, as this conflicts with the existing centralized system of registration and settlement. For example, SSE currently uses a third-party intermediary to store and resolve transactions used in trading. The use of the DLT could essentially replace this system and for this, a new legal framework, issued by regulating authorities and central government bodies, is needed on the market.
The Shanghai Stock Exchange (SSE), one of the world's largest stock exchanges for market capitalization, insists on using distributed registry technology (DLT) in the securities market. SSE published a research paper on Tuesday analyzing the use of DLTs at various stages of transactions, such as trader registration, issuance and trading of securities, and post-trade settlement. Further, the stock exchange summarized some of the key benefits of implementing DLT in China's financial infrastructure, such as improving the efficiency of settlements by replacing the current T + 1 model, in which the transaction can be resolved only one business day after the order is completed.
Being the fourth largest stock exchange in the world by market capitalization at the level of 5.12 trillion in trade volume, As of December 2017, SSE is a non-profit organization directly managed by a government agency, namely the China Securities Regulatory Commission. However, the study document suggested that the potential deployment of DLT on the Chinese stock exchange may still face a number of regulatory obstacles, as this conflicts with the existing centralized system of registration and settlement. For example, SSE currently uses a third-party intermediary to store and resolve transactions used in trading. The use of the DLT could essentially replace this system and for this, a new legal framework, issued by regulating authorities and central government bodies, is needed on the market.