industry

The crypto lending industry — a ticking time bomb, rather than a shortcut to mainstream adoption

Source Node: https://medium.com/@viktortachev/the-crypto-lending-industry-a-ticking-time-bomb-rather-than-a-shortcut-to-mainstream-adoption-ec1fafec525a?source=rss-------8-----------------cryptocurrency
Time Stamp: April 5, 2020 9:39 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

In his book “Extraordinary Popular Delusions and the Madness of Crowds”, Charles Mackay says that men think in herds and go mad in herds, while they only recover their senses slowly, and one by one. That was written in 1841. Today, it is even more relevant.The most illustrious collective obsession in the past decade is cryptocurrencies. For the last couple of years, we witnessed industry-specific shocks with varying implications, be it exchange hacks, scam schemes, or else. Although covered in controversies, in the long-term, the rise of cryptocurrencies should be

Staking, Consensus and the Pursuit of Decentralization

Source Node: https://cointelegraph.com/news/staking-consensus-and-the-pursuit-of-decentralization
Time Stamp: April 4, 2020 3:02 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Oh, the wonders of decentralized consensus — that dream of permissionless blockchains to be censorship-resistant, trustless, collaborative and egalitarian for a potentially global community of users. While lofty in ideals, consensus is foundational for each crypto network, which must agree upon that most basic question of who decides what on the network.Decentralized consensus in the form of a proof-of-work mechanism was at the core of Satoshi Nakamoto’s innovation when creating Bitcoin — all additional protocol elements stem from PoW’s ability to reach consensus regarding the digital ledger through the computational work

Crypto Community Largely Approves of Binance Acquiring CoinMarketCap

Source Node: https://cointelegraph.com/news/crypto-community-largely-approves-of-binance-acquiring-coinmarketcap
Time Stamp: April 4, 2020 1:31 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Despite markets all over the world facing ever-worsening economic troubles amid the ongoing coronavirus pandemic, it seems as though the crypto industry has been able to weather the storm, at least thus far. In this regard, Binance — the world’s largest cryptocurrency exchange — has recently reached an agreement to acquire CoinMarketCap, one of the most prominent crypto data websites.The official announcement was made by both companies on April 2, with Binance CEO Changpeng Zhao telling Cointelegraph that CMC and Binance have from the very start been working to make

Talking Digital Future: Smart Cities

Source Node: https://cointelegraph.com/news/talking-digital-future-smart-cities
Time Stamp: April 4, 2020 11:04 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

My journey into smart cities and their future development was a really big surprise, as the way I arrived there was not something that I had planned. I was working as the chief information officer for a company in Northern California called O'Reilly Media when I got a call from a headhunter who asked if I would consider being the chief information office for the City of Palo Alto. I can vividly remember — it was only about eight years ago — my feeling when she asked the question. The

Coinbase-Backed Crypto Rating Council Lists IOTA, BAT, and USDC

Source Node: https://cointelegraph.com/news/coinbase-backed-crypto-rating-council-lists-iota-bat-and-usdc
Time Stamp: April 3, 2020 9:04 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

The question of whether certain cryptocurrencies constitute securities is becoming increasingly relevant within the blockchain industry. As such, some core players in the space are upping their efforts to bring more understanding to the issue.The Crypto Rating Council, or CRC, is a group of major United States’ crypto firms that advocates and promotes regulatory clarity in crypto. Recently, the CRC evaluated a number of new cryptocurrencies to determine whether they should show signs of being securities.Three new tokens are analyzedIn an April 2 blog post, the CRC published an introduction

Bitcoin Posts Laudable Performance Over the Quarter 

Source Node: https://insidebitcoins.com/news/bitcoin-posts-laudable-performance-over-the-quarter/256530
Time Stamp: April 3, 2020 8:54 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

The first quarter of 2020 was a bit of a mixed bag for cryptocurrencies. As expected, no other asset can demonstrate this better than Bitcoin. While the top digital asset led a market rally into the year and started 2020 gaining as much as 13 percent in its value, the coronavirus hit, and the market soon experienced a massive slump – with record drops witnessed on multiple fronts. Accounts Surged, but Transactions Stalled However, the market has corrected, and things appear to be on the uptrend once more. Bitcoin crossed the $7,200 mark

Coronavirus & Bitcoin Price: Is China Losing Its BTC Mining Monopoly?

Source Node: https://cointelegraph.com/news/coronavirus-bitcoin-price-is-china-losing-its-btc-mining-monopoly
Time Stamp: April 3, 2020 7:44 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

This week the price of Bitcoin (BTC) surged more than 15%, reaching a high at $7,200 before pulling back into the $6,800 range. Despite the recovery, Bitcoin still has a way to go in order to reach the $8,000 level seen before the coronavirus-triggered selloff on March 12.Cryptocurrency market performance. Source: Coin360The drop had several consequences on the Bitcoin network. Having reached the $3,800 price range, the accentuated drop forced some Bitcoin miners to throw in the towel and shut down their operations due to mining becoming unprofitable.As miners have

Binance Shelters Against Job Losses During Global Pandemic

Source Node: https://cointelegraph.com/news/binance-shelters-against-job-losses-during-global-pandemic
Time Stamp: April 3, 2020 6:03 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

While global unemployment continues hitting new highs amid the coronavirus pandemic, the cryptocurrency industry is stepping in to shelter job losses, with some of the biggest companies in the space announcing their intention to hire new employees.Binance, the world’s largest cryptocurrency exchange, has just announced that it is seeking to hire more than 100 new employees, despite the ongoing economic downturn.In an April 3 tweet, Binance invited people around the world to build a career in the Blockchain space, offering a crucial opportunity to “work from home” as global jurisdictions

2 Reasons a Deeper Correction in Stocks May End Bitcoin’s Rally to $8K

Source Node: https://cointelegraph.com/news/2-reasons-a-deeper-correction-in-stocks-may-end-bitcoins-rally-to-8k
Time Stamp: April 3, 2020 4:47 PM - Modified On: May 21, 2021 - Published By:
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The Bitcoin price (BTC) rallied to around $7,300 on April 3, and BTC is still holding onto the $6,700 support level, meaning the price could push the dominant cryptocurrency to the $8,000 area. But, a highly accurate hedge fund manager’s stock market warning could rattle the cryptocurrency market in the short-term.Dan Niles, the founding partner of Alpha One Capital Partners, said in a note to clients that the dire economic consequence of the coronavirus pandemic could lead to a steeper correction in the U.S. stock market.With Q2 earnings set to

Exchange CEO Forecasts Crypto Market Uptick in Coming Weeks

Source Node: https://cointelegraph.com/news/exchange-ceo-forecasts-crypto-market-uptick-in-coming-weeks
Time Stamp: April 3, 2020 4:21 PM - Modified On: May 21, 2021 - Published By:
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As the world sits in flux between coronavirus and financial market concerns, AAX crypto exchange CEO, Thor Chan, thinks cryptocurrencies will ultimately make out ok.“During a period of intense panic, many investors fled the markets in search of cash, or to defend their positions elsewhere,” Chan told The Merkle in a March 30 interview, referencing recent plunging crypto and mainstream markets. “Cryptocurrency markets suffered together with all other markets,” he continued, adding:“But over the coming weeks and months, as governments cut interest rates, I think we will see the crypto

150-Year-Old Chinese Gas Company Ramps Up Blockchain Adoption

Source Node: https://cointelegraph.com/news/150-year-old-chinese-gas-company-ramps-up-blockchain-adoption
Time Stamp: April 3, 2020 2:01 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Chinese energy company, Shanghai Gas, announced an expansion of its blockchain efforts following a successful trial partnership with supply chain management blockchain firm, VeChain (VET), on March 31.Shanghai Gas, founded in 1865, is owned by utility services company, Shenergy Group — which claims to occupy more than 90% of Shanghai’s gas market. The firm has an annual supply of over 8 billion cubic meters.Shanghai Gas expands blockchain adoptionShanghai Gas’ trial used distributed ledger technology, or DLT, provided by VeChain to comprehensively monitor its supply chain and identify opportunities for efficiency

South African National Blockchain Alliance Holds Online Launch

Source Node: https://cointelegraph.com/news/south-african-national-blockchain-alliance-holds-online-launch
Time Stamp: April 3, 2020 1:56 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

The South African National Blockchain Alliance carried out an online livestream launch while the country is in the midst of a 21-day lockdown to curb the spread of the coronavirus pandemic. The organization was due to be launched at the beginning of April in Johannesburg but had to be taken online as South Africa and the world tackles a global health crisis.The launch happened during a livestream on YouTube on April 3, which included a panel of speakers elaborating on how SANBA will help nurture blockchain-focused startups and companies that