IEOs: Does it have the Capability of Becoming a Standard Model for Raising Funds in the Crypto Space?
What is an IEO?
An Initial Exchange Offering as its name recommends is managed on a cryptocurrency exchange platform. In opposition to Initial Coin Offerings (ICOs), an IEO is operated by a crypto trade for the benefit of the startup that tries to raise assets with its recently issued tokens.
When the token deal is managed on the trade’s platform, the issuers of the token need to pay a listing charge additionally with a small percentage of the tokens sold through IEO. Consequently, the tokens of the crypto new companies are sold on the trade’s platforms, and their coins are listed after the IEO is completed.
The members of the IEO do not send donations to a smart contract, which administers an ICO. Instead, they need to make an account on the trade’s platform where the IEO is managed. The individuals who are contributing to fund their trade wallets with coins and utilize those assets to purchase the fundraising organization’s tokens.
What are the dissimilarities between ICOs and IEOs?
An IEO or the Initial Exchange Offering is the crowdfunding technique that empowers crypto projects to raise funds legitimately on trades. As compared to ICOs, it is a less-outstanding model, even though as of late it has turned into a catchword. With IEOs, digital money exchanges are a reliable intermediary who assumes a similar authority. They keep running due persistence and interact with the task.
IEO’s Growing Popularity:
The IEO’s (Initial Exchange Offering) is another way to deal with crypto-banking that is gradually getting the concern of ICOs and merchants over the world. This new framework gives another kind of trade where the exchange acts as intermediary among projects and contributors. Cash is sent to an account on the site and is made sure it is appropriately distributed. This two-way framework gives a sense of control to a procedure that is fundamental in various ways.
This new IEOs can offer the below:
Prominent security for clients
Contrasted with past methodologies, it has improved transparency
A fairer framework which can benefit the new users
A perception of being a reliable financial framework
Can we expect IEOs will create fundraising upswing?
Initial coin offerings created a huge fundraising upswing in the year in 2017 and 2018. Moreover, a small number of crypto ventures were handled by scammers. Along with these and ICO bans, we can say this is not a proficient fundraising model for cryptocurrency new companies.
IEOs give an expanded dimension of trust among cryptographic money ventures because the trades facilitating the crowdsale effectively take part in the fundraising process, which improves the proficiency of the crowdsale. Because of this, IEOs have the capability of turning into the standard model for bringing assets up in the crypto space.
The IEO has been getting the attention of dealers, venture groups, and trades after the underlying initial coin offering (ICO) trend has been pushed back.
As of now, significant exchanging platforms like OKEx, Binance, Bitrrex, Bitmax, Huobi, and KuCoin have managed their very own IEOs, and some of them have performed well after the issued tokens were listed on the trades.
What is an IEO?
An Initial Exchange Offering as its name recommends is managed on a cryptocurrency exchange platform. In opposition to Initial Coin Offerings (ICOs), an IEO is operated by a crypto trade for the benefit of the startup that tries to raise assets with its recently issued tokens.
When the token deal is managed on the trade’s platform, the issuers of the token need to pay a listing charge additionally with a small percentage of the tokens sold through IEO. Consequently, the tokens of the crypto new companies are sold on the trade’s platforms, and their coins are listed after the IEO is completed.
The members of the IEO do not send donations to a smart contract, which administers an ICO. Instead, they need to make an account on the trade’s platform where the IEO is managed. The individuals who are contributing to fund their trade wallets with coins and utilize those assets to purchase the fundraising organization’s tokens.
What are the dissimilarities between ICOs and IEOs?
An IEO or the Initial Exchange Offering is the crowdfunding technique that empowers crypto projects to raise funds legitimately on trades. As compared to ICOs, it is a less-outstanding model, even though as of late it has turned into a catchword. With IEOs, digital money exchanges are a reliable intermediary who assumes a similar authority. They keep running due persistence and interact with the task.
IEO’s Growing Popularity:
The IEO’s (Initial Exchange Offering) is another way to deal with crypto-banking that is gradually getting the concern of ICOs and merchants over the world. This new framework gives another kind of trade where the exchange acts as intermediary among projects and contributors. Cash is sent to an account on the site and is made sure it is appropriately distributed. This two-way framework gives a sense of control to a procedure that is fundamental in various ways.
This new IEOs can offer the below:
Prominent security for clients
Contrasted with past methodologies, it has improved transparency
A fairer framework which can benefit the new users
A perception of being a reliable financial framework
Can we expect IEOs will create fundraising upswing?
Initial coin offerings created a huge fundraising upswing in the year in 2017 and 2018. Moreover, a small number of crypto ventures were handled by scammers. Along with these and ICO bans, we can say this is not a proficient fundraising model for cryptocurrency new companies.
IEOs give an expanded dimension of trust among cryptographic money ventures because the trades facilitating the crowdsale effectively take part in the fundraising process, which improves the proficiency of the crowdsale. Because of this, IEOs have the capability of turning into the standard model for bringing assets up in the crypto space.
The IEO has been getting the attention of dealers, venture groups, and trades after the underlying initial coin offering (ICO) trend has been pushed back.
As of now, significant exchanging platforms like OKEx, Binance, Bitrrex, Bitmax, Huobi, and KuCoin have managed their very own IEOs, and some of them have performed well after the issued tokens were listed on the trades.
NEO Coin Gets Listed On Zeux App; Users Can Now Use The Token To Pay At All Stores Via Apple Pay and Samsung Pay
For any technology to be commercially successful, mass adoption is the key. No matter how much praise it gets, until and unless it is adopted on a large scale, the praises don’t turn into money. Same is the case with cryptocurrencies.
Several experts and tech giants like Elon Musk have stated that crypto is the future, but mass adoption hasn’t taken the flight yet. However, things have looked positive for the past couple of year, and despite the bearish trends of 2018, the crypto space grew by 122%. Many digital tokens like Ripple, TRON, Stellar, SwiftCash, etc. are taking big strides in expanding their user base, and certainly, the market is steadily moving towards mass adoption.
Tim Mak, Zeux Marketing Head, wrote a blog on medium.com, in which he described the details of the collaboration of Zeux and NEO. Zeux is a crypto payments platform which instantly converts digital tokens to fiat currencies at payment points. In the blog, Mak stated,
This is great news for NEO holders who can now spend their tokens with all merchants that accepts Apple and Samsung Pay worldwide. NEO will be officially available on the Zeux app on 7 May 2019.
Zeux was launched earlier this month in the United Kingdom and will be made available for rest of Europe later in 2019. Commenting on Neo’s inclusion on the platform, Zeux Founder and CEO, Frank Zhou said,
We’re delighted to announce that we will be adding NEO to our list of cryptocurrencies. We believe that NEO is paving the way for a smart economy by giving developers the tools to deploy and scale their smart contract applications without learning another unique language. This strategic partnership will help us build upon our current infrastructure and expand our service to a larger audience.
Founded in 2014, NEO is a community-driven blockchain project, which promotes the idea of “Smart Economy” by mass adoption of cryptocurrencies and blockchain technology. The platform is also building a gaming ecosystem, which already supports mainstream engines like Cocos and Unity.
Integration of cryptocurrencies and smartphone-based applications is one of the most awaited ones. Upon mass completion, this will revolutionize the way people buy and sell goods and services. Apple and Samsung are two of the most commonly used smartphone brands of the world, and hence, the potential for their payment apps is greater than any other company.
Crypto adoption, in general, is growing tremendously. With e-commerce giants like Amazon and Alibaba exploring the space, the possibilities of crypto payments are expected to reach newer heights in the coming months. Also, increasing use of smartphones for shopping, both online and offline, will increase the scope for crypto payments even further.
These predictions hold substance, despite large markets like India and China being still quite resistant towards electronic money, and if they come on board, the growth will be enormous.
For any technology to be commercially successful, mass adoption is the key. No matter how much praise it gets, until and unless it is adopted on a large scale, the praises don’t turn into money. Same is the case with cryptocurrencies.
Several experts and tech giants like Elon Musk have stated that crypto is the future, but mass adoption hasn’t taken the flight yet. However, things have looked positive for the past couple of year, and despite the bearish trends of 2018, the crypto space grew by 122%. Many digital tokens like Ripple, TRON, Stellar, SwiftCash, etc. are taking big strides in expanding their user base, and certainly, the market is steadily moving towards mass adoption.
Tim Mak, Zeux Marketing Head, wrote a blog on medium.com, in which he described the details of the collaboration of Zeux and NEO. Zeux is a crypto payments platform which instantly converts digital tokens to fiat currencies at payment points. In the blog, Mak stated,
This is great news for NEO holders who can now spend their tokens with all merchants that accepts Apple and Samsung Pay worldwide. NEO will be officially available on the Zeux app on 7 May 2019.
Zeux was launched earlier this month in the United Kingdom and will be made available for rest of Europe later in 2019. Commenting on Neo’s inclusion on the platform, Zeux Founder and CEO, Frank Zhou said,
We’re delighted to announce that we will be adding NEO to our list of cryptocurrencies. We believe that NEO is paving the way for a smart economy by giving developers the tools to deploy and scale their smart contract applications without learning another unique language. This strategic partnership will help us build upon our current infrastructure and expand our service to a larger audience.
Founded in 2014, NEO is a community-driven blockchain project, which promotes the idea of “Smart Economy” by mass adoption of cryptocurrencies and blockchain technology. The platform is also building a gaming ecosystem, which already supports mainstream engines like Cocos and Unity.
Integration of cryptocurrencies and smartphone-based applications is one of the most awaited ones. Upon mass completion, this will revolutionize the way people buy and sell goods and services. Apple and Samsung are two of the most commonly used smartphone brands of the world, and hence, the potential for their payment apps is greater than any other company.
Crypto adoption, in general, is growing tremendously. With e-commerce giants like Amazon and Alibaba exploring the space, the possibilities of crypto payments are expected to reach newer heights in the coming months. Also, increasing use of smartphones for shopping, both online and offline, will increase the scope for crypto payments even further.
These predictions hold substance, despite large markets like India and China being still quite resistant towards electronic money, and if they come on board, the growth will be enormous.
Blockchain Capital Study Finds That 42% of US Adults are Familiar with Cryptocurrencies!
Overview on Cryptocurrency
In spite of the bear market, Bitcoin recognition is developing and improving, as indicated by a review completed by Harris Poll, in the interest of Blockchain Capital. The study demonstrates that 48% of US grown-ups are curious about digital forms of money, Bitcoin, Ethereum or Litecoin. Among the 42% of Americans acquainted with crypto, there were clear divisions between the obvious standpoints for the prospects of the market. 24% felt cryptographic money would develop in value, 29% anticipated the market to deteriorate, 35% expected wild fluctuations and 12% predicted the market would stay stable.
Survey:
American residents have turned out to be increasingly mindful of bitcoin in various critical angles, and 11% of the Americans possesses the significant digital money bitcoin (BTC), as per another review published by Spencer Bogart of funding firm Blockchain Capital on 30th April.
The survey which was conducted by Harris poll for the Blockchain Capital, a VC firm set up by Brock Pierce, researched 2052 grown-ups in the year 2017 bull market and 2019 bear market. Six classifications were investigated like Familiarity, awareness, perception, conviction, ownership, and Inclination to purchase.
All classifications saw outstanding increments, with fewer than 35-year-olds preceding the way. Spencer Bogart, a Blockchain Capital accomplice whose firm published the report, reasoned that the survey results showed a “demographic mega-trend” a generational development as opposed to a primarily monetary or technological.
Highlights of the Survey:
Blockchain Capital associate Bogart posted the results of another study which was conducted by Harris Poll to give investigation information on bitcoin’s statistic patterns. Conducted between April 23, 2019, and April 25, 2019, the study included answers of 2,052 American grown-ups and demonstrated an extended form of the past statistic overview released by the firm in October 2017.
Regardless of Bear Market, Bitcoin recognition is developing and improving, as indicated by a study completed by Harris Poll, for Blockchain Capital. As noted in the review, 89 percent of the residents have known about bitcoin; the figure had ascended from 77 percent in October 2017. It was not influenced by the respondent’s age, either; the awareness is comparable over all periods.
As indicated by the review results, the American respondents have increased more learning about bitcoin in six essential perspectives like Familiarity, awareness, perception, conviction, ownership, and Inclination to purchase. With that, the survey tells that the pointers have significantly expanded by and extensive since October 2017 in spite of the bear market of 2018 and the positively trending business sector of 2017.
The result explains that bitcoin is a “Demographic Mega-trend “driven by the more youthful age range of 18-34 ages. As indicated by the study, awareness has turned into the primary angle where older age range matched the younger age groups. Moreover, most American residents have known about bitcoin, regardless of age. The extent of individuals who knew about bitcoin expanded from 77% in October 2017 to 89% in April 2019.
Regarding the proprietorship angle, 20% of American residents aged 18 – 34 declared that they have invested in bitcoin, while those aged 35 – 44 represented 11%. The 45-54 and 55-64 age range showed an equivalent possession adding up to 5%, with 2% of American retirees more than 65 years declared to hold the highest digital money. Prior in April, another survey found that around 3% of American retirees possess bitcoin.
Overview on Cryptocurrency
In spite of the bear market, Bitcoin recognition is developing and improving, as indicated by a review completed by Harris Poll, in the interest of Blockchain Capital. The study demonstrates that 48% of US grown-ups are curious about digital forms of money, Bitcoin, Ethereum or Litecoin. Among the 42% of Americans acquainted with crypto, there were clear divisions between the obvious standpoints for the prospects of the market. 24% felt cryptographic money would develop in value, 29% anticipated the market to deteriorate, 35% expected wild fluctuations and 12% predicted the market would stay stable.
Survey:
American residents have turned out to be increasingly mindful of bitcoin in various critical angles, and 11% of the Americans possesses the significant digital money bitcoin (BTC), as per another review published by Spencer Bogart of funding firm Blockchain Capital on 30th April.
The survey which was conducted by Harris poll for the Blockchain Capital, a VC firm set up by Brock Pierce, researched 2052 grown-ups in the year 2017 bull market and 2019 bear market. Six classifications were investigated like Familiarity, awareness, perception, conviction, ownership, and Inclination to purchase.
All classifications saw outstanding increments, with fewer than 35-year-olds preceding the way. Spencer Bogart, a Blockchain Capital accomplice whose firm published the report, reasoned that the survey results showed a “demographic mega-trend” a generational development as opposed to a primarily monetary or technological.
Highlights of the Survey:
Blockchain Capital associate Bogart posted the results of another study which was conducted by Harris Poll to give investigation information on bitcoin’s statistic patterns. Conducted between April 23, 2019, and April 25, 2019, the study included answers of 2,052 American grown-ups and demonstrated an extended form of the past statistic overview released by the firm in October 2017.
Regardless of Bear Market, Bitcoin recognition is developing and improving, as indicated by a study completed by Harris Poll, for Blockchain Capital. As noted in the review, 89 percent of the residents have known about bitcoin; the figure had ascended from 77 percent in October 2017. It was not influenced by the respondent’s age, either; the awareness is comparable over all periods.
As indicated by the review results, the American respondents have increased more learning about bitcoin in six essential perspectives like Familiarity, awareness, perception, conviction, ownership, and Inclination to purchase. With that, the survey tells that the pointers have significantly expanded by and extensive since October 2017 in spite of the bear market of 2018 and the positively trending business sector of 2017.
The result explains that bitcoin is a “Demographic Mega-trend “driven by the more youthful age range of 18-34 ages. As indicated by the study, awareness has turned into the primary angle where older age range matched the younger age groups. Moreover, most American residents have known about bitcoin, regardless of age. The extent of individuals who knew about bitcoin expanded from 77% in October 2017 to 89% in April 2019.
Regarding the proprietorship angle, 20% of American residents aged 18 – 34 declared that they have invested in bitcoin, while those aged 35 – 44 represented 11%. The 45-54 and 55-64 age range showed an equivalent possession adding up to 5%, with 2% of American retirees more than 65 years declared to hold the highest digital money. Prior in April, another survey found that around 3% of American retirees possess bitcoin.
Tron (TRX) All Set to Make its Move on Piexgo from May 6, 2019
The cryptocurrency by Tron Foundation, known as TRX, is going to be listed on the Piexgo, a digital asset financial platform and as per the announcement they made via Twitter, people can trade in TRX starting 6th of this month. It comes as good news for people who were waiting for an announcement just like this.
Cryptocurrency industry is booming fast with many coins and tokens being thrown into the mix every day. In all this chaos of crypto exchange, Tron Foundation plans to stand out by “building infrastructure for a truly decentralised internet”. Now with their own tokens, TRX and USDT, their own wallet and other services in the crypto market, they are certainly moving fast.
When the trading starts early next week, a lot of anticipating enthusiasts could be waiting there to welcome it. TRX would join the crypto giants like Bitcoin core and Etherium on the platform along with other competing tokens. It would be important to look at the trajectory of the prices for TRX as more people get exposed to the token and would wish to trade in it.
Piexgo’s Trading Platform
Piexgo’s trading platform is a star on its own accord with a rising number of users each day. The young man running it, Peter Du, has been a crypto believer ever since he first heard about it back in college. He had made investments back then only to earn money, but the idea behind it influenced him and led him to work on a project called IOTA.
With this man at the apex of Piexgo, the exchange would move faster up the ladder as more and more crypto tokens get listed on it. Their mission is simple, they want to create a world-class financial ecosystem for crypto assets and which is fair, secure and open in its work. This policy seems to resonate with the mission of Tron Foundation which might have led to this collaboration of a kind.
With the enormous efforts of these highly talented individuals, a seamless crypto economy doesn’t seem far away. As more people work on innovative technologies to drive the cryptocurrencies into the mainstream markets, the future does look bright.
However, what happens could only be said when it has happened. As the market opens come Monday, we will surely have our fingers crossed as we look at TRX listed on the exchange. The early days would be essential to monitor, and these data could be further analysed to understand the market a little more.
The cryptocurrency by Tron Foundation, known as TRX, is going to be listed on the Piexgo, a digital asset financial platform and as per the announcement they made via Twitter, people can trade in TRX starting 6th of this month. It comes as good news for people who were waiting for an announcement just like this.
Cryptocurrency industry is booming fast with many coins and tokens being thrown into the mix every day. In all this chaos of crypto exchange, Tron Foundation plans to stand out by “building infrastructure for a truly decentralised internet”. Now with their own tokens, TRX and USDT, their own wallet and other services in the crypto market, they are certainly moving fast.
When the trading starts early next week, a lot of anticipating enthusiasts could be waiting there to welcome it. TRX would join the crypto giants like Bitcoin core and Etherium on the platform along with other competing tokens. It would be important to look at the trajectory of the prices for TRX as more people get exposed to the token and would wish to trade in it.
Piexgo’s Trading Platform
Piexgo’s trading platform is a star on its own accord with a rising number of users each day. The young man running it, Peter Du, has been a crypto believer ever since he first heard about it back in college. He had made investments back then only to earn money, but the idea behind it influenced him and led him to work on a project called IOTA.
With this man at the apex of Piexgo, the exchange would move faster up the ladder as more and more crypto tokens get listed on it. Their mission is simple, they want to create a world-class financial ecosystem for crypto assets and which is fair, secure and open in its work. This policy seems to resonate with the mission of Tron Foundation which might have led to this collaboration of a kind.
With the enormous efforts of these highly talented individuals, a seamless crypto economy doesn’t seem far away. As more people work on innovative technologies to drive the cryptocurrencies into the mainstream markets, the future does look bright.
However, what happens could only be said when it has happened. As the market opens come Monday, we will surely have our fingers crossed as we look at TRX listed on the exchange. The early days would be essential to monitor, and these data could be further analysed to understand the market a little more.
The Art of Crypto Trading – What To See in Cryptocurrencies Before Investing [Part II]
Bitcoin was the first cryptocurrency, launched way back in 2009. It is currently the world’s largest and most valued digital token and has been a great success, to say the least.
Bitcoin and its success inspired the inception of several cryptocurrencies over the past decade, and as recorded in August 2018, there are more than 1,600 cryptocurrencies active, and the number keeps on growing daily. This makes life quite difficult for a person who wants to put his first step in the crypto space, as so many options create confusion, especially for those who aren’t aware of the market thoroughly.
However, just like traditional investment instruments like equity and forex, cryptocurrencies also have a set of points which decide the fate of the particular token. Studying these points carefully can help an investor to pick the right coin with realistic expectations.
In continuation to our previous article, here we explore a few things that investors should look out for before investing in digital assets:
1. Study the History of the Coin
Find out who created the coin, how did it come into existence and when was it launched. Also, check the major events taken place in the ecosystem of that cryptocurrency since inception. Read about the price and stability of the token in the past six to twelve months. A good digital token is one which has been or less stable and has been growing steadily, with a minimum sign of extreme volatility.
2. Check for the Community Activities
Every digital currency has a community over social networking platforms like Twitter, YouTube, and several online forums. Usually, community trends play a big role in deciding the fate of any digital asset. See what people are saying about it, and look for people with whom you can discuss and understand the token better. Bigger the community, better are the chances that the digital currency will grow.
3. Read about the team behind the token
This is one of the most important parts of selecting a cryptocurrency for investment. A stronger team means that they are better equipped to fight any unusual or unwanted activities which might hurt the investors. Many a time, ex-employees of an existing token go on to create a new one.
For instance, co-founder of Ethereum quit the company and created Cardano. Similarly, Ethereum Classic came into being due to a difference of opinion between the management of Ethereum (ETH). Teams must have experience, knowledge, and skills to run a cryptocurrency ecosystem.
4. Check the adoption cases of the digital token
Cryptocurrencies came into being with the sole motto of providing an alternative to traditional money. However, large scale speculations had made mass adoption quite tricky, as prices of Bitcoins ran into thousands of dollars apiece.
Fortunately, digital tokens like Ripple (XRP), SwiftCash (SWIFT), Stellar (XLM), etc. have emerged on the crypto scene, which are entirely focused on adoption. This has pushed market expansion tremendously. See how the coin you want to invest in fares in this regard, as the better coin is bound to have a higher demand in the long run.
Bitcoin was the first cryptocurrency, launched way back in 2009. It is currently the world’s largest and most valued digital token and has been a great success, to say the least.
Bitcoin and its success inspired the inception of several cryptocurrencies over the past decade, and as recorded in August 2018, there are more than 1,600 cryptocurrencies active, and the number keeps on growing daily. This makes life quite difficult for a person who wants to put his first step in the crypto space, as so many options create confusion, especially for those who aren’t aware of the market thoroughly.
However, just like traditional investment instruments like equity and forex, cryptocurrencies also have a set of points which decide the fate of the particular token. Studying these points carefully can help an investor to pick the right coin with realistic expectations.
In continuation to our previous article, here we explore a few things that investors should look out for before investing in digital assets:
1. Study the History of the Coin
Find out who created the coin, how did it come into existence and when was it launched. Also, check the major events taken place in the ecosystem of that cryptocurrency since inception. Read about the price and stability of the token in the past six to twelve months. A good digital token is one which has been or less stable and has been growing steadily, with a minimum sign of extreme volatility.
2. Check for the Community Activities
Every digital currency has a community over social networking platforms like Twitter, YouTube, and several online forums. Usually, community trends play a big role in deciding the fate of any digital asset. See what people are saying about it, and look for people with whom you can discuss and understand the token better. Bigger the community, better are the chances that the digital currency will grow.
3. Read about the team behind the token
This is one of the most important parts of selecting a cryptocurrency for investment. A stronger team means that they are better equipped to fight any unusual or unwanted activities which might hurt the investors. Many a time, ex-employees of an existing token go on to create a new one.
For instance, co-founder of Ethereum quit the company and created Cardano. Similarly, Ethereum Classic came into being due to a difference of opinion between the management of Ethereum (ETH). Teams must have experience, knowledge, and skills to run a cryptocurrency ecosystem.
4. Check the adoption cases of the digital token
Cryptocurrencies came into being with the sole motto of providing an alternative to traditional money. However, large scale speculations had made mass adoption quite tricky, as prices of Bitcoins ran into thousands of dollars apiece.
Fortunately, digital tokens like Ripple (XRP), SwiftCash (SWIFT), Stellar (XLM), etc. have emerged on the crypto scene, which are entirely focused on adoption. This has pushed market expansion tremendously. See how the coin you want to invest in fares in this regard, as the better coin is bound to have a higher demand in the long run.
Horizon State Pledges 5% of Revenue to Binance Charity for Transparent Distribution of Funds
Sustainable development has been much talked about, but, sadly, remains a mere concept in most traditional businesses. Industries grow without taking the social aspects into consideration, and if it hadn’t been for the Corporate Social Responsibility (CSR) laws, companies wouldn’t even think about it.
However, the cryptocurrency industry is a bit different in this regard, and only for good. There have been instances of huge donations from crypto companies for social causes, which make sustainable development at least a topic to discuss. Cryptocurrencies, in fact, came into existence to challenge the odds and traditional economic systems, and therefore, it has always been inclined towards the betterment of the society.
Proving the point, Horizon State, the government and state-focused crypto-blockchain platform, tweeted on Friday that it will be donating a percentage of its revenue to Binance Charity. It stated that it has partnered with Binance for transparent distribution of funds.
Crypto companies have taken several initiatives to transfer profits to society via various charity programs. Binance Charity, in particular, has been playing an important role in this regard. In December last year, TRON and Binance came together to donate $100,000 in a Maltese Charity, aimed at bringing about a social change. The charity was directed towards the Maltese Community Chest Fund, the national charity fund of Malta.
Similarly, in October 2018, Binance announced that it would disclose the amount received through coin listings on the exchange, and will donate the entire amount for charity. Earlier in April this year, Crypto.com transferred a whopping $500,000 from its Binance account to Binance charity. Binance Charity Foundation has to date raised over $2.5 million, helping about 3,700 underprivileged people. In his speech at the Deconomy event, Binance Chief Changpeng Zhao said that each Binance Coin donated for education funds 66 days of school for one child.
Earlier, Huobi Exchange and Dogecoin collaborated to raise funds for Grateful Dog Rescue, a San Francisco based canine rescue and sheltering organization.
Cryptocurrencies have played a significant role in aiding crisis-hit countries like Venezuela, which are suffering from hyperinflation and stark recession. Till April 2019, Airdrop Venezuela, a cryptocurrency-based charity initiative, had registered 60,000 Venezuelan beneficiaries and had raised $292,000 in crypto, mostly Bitcoin Cash. The initiative aims to raise over $1 million.
Most recently, the crypto community also came forward to help Wikileaks founder Julian Assange, in his legal battle against the US state authorities. After he was arrested in London, the entire media industry raised their voices in support of Assange and press freedom. As soon as Assange was arrested, a fundraiser was initiated for his legal battle. Within just 24 hours, over $34,000 worth of Bitcoins were donated, apart from ZCash, Dash and other cryptocurrencies.
Sustainable development has been much talked about, but, sadly, remains a mere concept in most traditional businesses. Industries grow without taking the social aspects into consideration, and if it hadn’t been for the Corporate Social Responsibility (CSR) laws, companies wouldn’t even think about it.
However, the cryptocurrency industry is a bit different in this regard, and only for good. There have been instances of huge donations from crypto companies for social causes, which make sustainable development at least a topic to discuss. Cryptocurrencies, in fact, came into existence to challenge the odds and traditional economic systems, and therefore, it has always been inclined towards the betterment of the society.
Proving the point, Horizon State, the government and state-focused crypto-blockchain platform, tweeted on Friday that it will be donating a percentage of its revenue to Binance Charity. It stated that it has partnered with Binance for transparent distribution of funds.
Crypto companies have taken several initiatives to transfer profits to society via various charity programs. Binance Charity, in particular, has been playing an important role in this regard. In December last year, TRON and Binance came together to donate $100,000 in a Maltese Charity, aimed at bringing about a social change. The charity was directed towards the Maltese Community Chest Fund, the national charity fund of Malta.
Similarly, in October 2018, Binance announced that it would disclose the amount received through coin listings on the exchange, and will donate the entire amount for charity. Earlier in April this year, Crypto.com transferred a whopping $500,000 from its Binance account to Binance charity. Binance Charity Foundation has to date raised over $2.5 million, helping about 3,700 underprivileged people. In his speech at the Deconomy event, Binance Chief Changpeng Zhao said that each Binance Coin donated for education funds 66 days of school for one child.
Earlier, Huobi Exchange and Dogecoin collaborated to raise funds for Grateful Dog Rescue, a San Francisco based canine rescue and sheltering organization.
Cryptocurrencies have played a significant role in aiding crisis-hit countries like Venezuela, which are suffering from hyperinflation and stark recession. Till April 2019, Airdrop Venezuela, a cryptocurrency-based charity initiative, had registered 60,000 Venezuelan beneficiaries and had raised $292,000 in crypto, mostly Bitcoin Cash. The initiative aims to raise over $1 million.
Most recently, the crypto community also came forward to help Wikileaks founder Julian Assange, in his legal battle against the US state authorities. After he was arrested in London, the entire media industry raised their voices in support of Assange and press freedom. As soon as Assange was arrested, a fundraiser was initiated for his legal battle. Within just 24 hours, over $34,000 worth of Bitcoins were donated, apart from ZCash, Dash and other cryptocurrencies.
Ontology (ONT) Going Green, Partners With Chinese Environmental NGO To Work On Green Finance
Crypto companies have always been active on the philanthropic front, and the community at large has invested a lot of resources for sustainable development. Social responsibilities have been duly carried on, giving back the society from the tangible and intangible benefits the companies get.
Industry giants like Binance have created their own philanthropic arms, and hence pushing for social causes even harder. This has encouraged many other companies to take initiatives to give back to society. One such crypto company is Ontology, which has taken heavy steps in the field of social service. On Friday, the company tweeted that it is collaborating with the Chinese NGO Shanghai Qinguye.
The company also shared a blog posted on medium.com, informing more about the partnership, and its goals and objectives. The partnership will see Ontology work towards ‘Green Finance’ and “work out a trusted solution for environmental information in the area of green finance using Ontology blockchain technology.”
According to the United Nations Environment Council, “Green financing is to increase level of financial flows (from banking, micro-credit, insurance and investment) from the public, private and not-for-profit sectors to sustainable development priorities.”
The blog further stated,
Using Ontology’s blockchain technology, Shanghai Qingyue can put data of their businesses on the chain, allowing for data collaboration and business innovation. At the same time, data owners are able to authorize business organizations or research institutions to authenticate data ownership. With the help of Ontology’s distributed data exchange protocol, individuals and institutions will have easy access to on-chain data packages for a certain data use fee.
The Shanghai Qingyue NGO works towards providing big data to over 1,500 research institutions, focused on environment protection. Commenting on its role, the Ontology platform stated,
Ontology will use its technology to help Shanghai Qingyue create a trust collaboration platform for relevant stakeholders, which will help reach more users at home and abroad faster, and provide the infrastructure for the development of green finance.
The trend of Corporate Social Responsibility (CSR) is gaining traction all across the world. Earlier in the year, the technology behemoth IBM decided to create a blockchain-based solution to tackle the evil of counterfeit medicine in African countries. Last month, crypto exchange Huobi and digital token Dogecoin came together to raise funds for Grateful Dog Rescue, a San Francisco based dog rescue and sheltering organization.
Crypto companies have always been active on the philanthropic front, and the community at large has invested a lot of resources for sustainable development. Social responsibilities have been duly carried on, giving back the society from the tangible and intangible benefits the companies get.
Industry giants like Binance have created their own philanthropic arms, and hence pushing for social causes even harder. This has encouraged many other companies to take initiatives to give back to society. One such crypto company is Ontology, which has taken heavy steps in the field of social service. On Friday, the company tweeted that it is collaborating with the Chinese NGO Shanghai Qinguye.
The company also shared a blog posted on medium.com, informing more about the partnership, and its goals and objectives. The partnership will see Ontology work towards ‘Green Finance’ and “work out a trusted solution for environmental information in the area of green finance using Ontology blockchain technology.”
According to the United Nations Environment Council, “Green financing is to increase level of financial flows (from banking, micro-credit, insurance and investment) from the public, private and not-for-profit sectors to sustainable development priorities.”
The blog further stated,
Using Ontology’s blockchain technology, Shanghai Qingyue can put data of their businesses on the chain, allowing for data collaboration and business innovation. At the same time, data owners are able to authorize business organizations or research institutions to authenticate data ownership. With the help of Ontology’s distributed data exchange protocol, individuals and institutions will have easy access to on-chain data packages for a certain data use fee.
The Shanghai Qingyue NGO works towards providing big data to over 1,500 research institutions, focused on environment protection. Commenting on its role, the Ontology platform stated,
Ontology will use its technology to help Shanghai Qingyue create a trust collaboration platform for relevant stakeholders, which will help reach more users at home and abroad faster, and provide the infrastructure for the development of green finance.
The trend of Corporate Social Responsibility (CSR) is gaining traction all across the world. Earlier in the year, the technology behemoth IBM decided to create a blockchain-based solution to tackle the evil of counterfeit medicine in African countries. Last month, crypto exchange Huobi and digital token Dogecoin came together to raise funds for Grateful Dog Rescue, a San Francisco based dog rescue and sheltering organization.
The Art of Crypto Trading – Choosing The Cryptocurrency As Per Your Needs And Preferences [Part III]
The need for investment arises largely due to two reasons, either you need to plan for a future expense, or you don’t want your savings to sit idle. In both cases, there is a purpose and a need, according to which a person makes investment decisions.
Investing in crypto is quite similar. One additional case may be that a person just wants to experience the blockchain and cryptocurrency industries. Therefore, before making an investment one needs to assess his or her goals and objectives, by which he or she would be able to determine investment plans.
While we have already discussed what to expect and what not to expect before investing in cryptocurrencies and what to see in cryptocurrencies before investing, we now bring to you a few ways to decide which cryptocurrency suits your needs:
1. Decide whether you want to invest for a long term or short term
There are numerous cryptocurrencies in the market, each with a unique trend and behavior patterns. Some may be beneficial for short term goals, and others may benefit in the long run.
For instance, if you want to invest for your retirement, or your child’s education and marriage, you need to invest in cryptocurrencies with a stable nature, which also grow over a period of time. Therefore, investing in established and most trusted digital tokens like Bitcoin and Ethereum will be of great use.
However, if you have a short term objective, say you need funds for business expansion in six to twelve months, you need to invest in emerging tokens, as they would yield higher rewards. But such tokens involve risk, as they are just emerging after all.
2. Invest lesser than your total capacity
Cryptocurrencies, as compared to traditional instruments like equity or bonds, are more volatile, which can either be beneficial or disastrous. For instance, Bitcoin was priced around $1,000 apiece in January 2017, and by the end of the year, it was at its peak of $20,000. Unfortunately, the market collapsed during the following year, and Bitcoin came down to around $3,440 in January 2019.
To avoid this, never invest your entire savings into cryptocurrencies, especially not at the initial stage. Also, look for the stable tokens to invest initially.
3. Buy tokens with high acceptance, if investing for a specific purpose
Cryptocurrencies are now being accepted across the globe as valid payments. If you have a business, which engages in foreign trade, you can buy cryptocurrencies to make cross-border payments. While choosing the coin, one must consider the liquidity and acceptance of the token.
Also, if you want to pay fees for higher education from foreign countries, you can purchase cryptocurrencies listed on international crypto wallets, which would allow you to transfer money at lesser transaction costs. Also, transferring money in cryptocurrencies would allow saving on the forex conversion rates.
Likewise, you an avid gamer, who spends money regularly on in-game purchases, can buy tokens like Enjin Coin (ENJ), FunFair (FUN), Decentraland (MANA), etc., which are specifically focused on gaming.
4. Invest in smaller currencies if you just want to explore the crypto space
If you want to invest diversify tour investments, but are not sure about cryptocurrencies, you can try to get a gist of the market by buying small value tokens. TRON (TRX), Ripple (XRP), or Dogecoin (DOGE) are very good options for exploring the crypto space.
The need for investment arises largely due to two reasons, either you need to plan for a future expense, or you don’t want your savings to sit idle. In both cases, there is a purpose and a need, according to which a person makes investment decisions.
Investing in crypto is quite similar. One additional case may be that a person just wants to experience the blockchain and cryptocurrency industries. Therefore, before making an investment one needs to assess his or her goals and objectives, by which he or she would be able to determine investment plans.
While we have already discussed what to expect and what not to expect before investing in cryptocurrencies and what to see in cryptocurrencies before investing, we now bring to you a few ways to decide which cryptocurrency suits your needs:
1. Decide whether you want to invest for a long term or short term
There are numerous cryptocurrencies in the market, each with a unique trend and behavior patterns. Some may be beneficial for short term goals, and others may benefit in the long run.
For instance, if you want to invest for your retirement, or your child’s education and marriage, you need to invest in cryptocurrencies with a stable nature, which also grow over a period of time. Therefore, investing in established and most trusted digital tokens like Bitcoin and Ethereum will be of great use.
However, if you have a short term objective, say you need funds for business expansion in six to twelve months, you need to invest in emerging tokens, as they would yield higher rewards. But such tokens involve risk, as they are just emerging after all.
2. Invest lesser than your total capacity
Cryptocurrencies, as compared to traditional instruments like equity or bonds, are more volatile, which can either be beneficial or disastrous. For instance, Bitcoin was priced around $1,000 apiece in January 2017, and by the end of the year, it was at its peak of $20,000. Unfortunately, the market collapsed during the following year, and Bitcoin came down to around $3,440 in January 2019.
To avoid this, never invest your entire savings into cryptocurrencies, especially not at the initial stage. Also, look for the stable tokens to invest initially.
3. Buy tokens with high acceptance, if investing for a specific purpose
Cryptocurrencies are now being accepted across the globe as valid payments. If you have a business, which engages in foreign trade, you can buy cryptocurrencies to make cross-border payments. While choosing the coin, one must consider the liquidity and acceptance of the token.
Also, if you want to pay fees for higher education from foreign countries, you can purchase cryptocurrencies listed on international crypto wallets, which would allow you to transfer money at lesser transaction costs. Also, transferring money in cryptocurrencies would allow saving on the forex conversion rates.
Likewise, you an avid gamer, who spends money regularly on in-game purchases, can buy tokens like Enjin Coin (ENJ), FunFair (FUN), Decentraland (MANA), etc., which are specifically focused on gaming.
4. Invest in smaller currencies if you just want to explore the crypto space
If you want to invest diversify tour investments, but are not sure about cryptocurrencies, you can try to get a gist of the market by buying small value tokens. TRON (TRX), Ripple (XRP), or Dogecoin (DOGE) are very good options for exploring the crypto space.
Where Does Cryptocurrency Currently Stand With Banks?
Although cryptocurrency has raised several suspicions regarding the purpose of its existence in the past, slowly but gradually, it has found a place in nearly all forms of trade and commerce, becoming a part of the daily life of people. This popularity among the common masses has led to several Governments and banks considering to make cryptocurrencies- a part of their industry.
Previously, many banks have declared their policies of limiting the purchase of cryptocurrencies like Bitcoin through their credit cards. Apparently, these steps were taken as its acceptance is limited with the mainstream along with lofty risks of loss, volatility, and fraud innate in the cryptocurrency market.
Despite being known traditionally for being disinclined to risks, Central banks of many different countries have put in their support into the investigations for how blockchain technology can advance their operations. So now, many Central banks are looking into replacing cash with cryptocurrency.
A central bank digital currency (CBDC) is in plans of getting devised. With that, the digital money will be distributed by central banks which could be exchanged for the respective domestic fiat currencies and could be maintained on any number of blockchain networks. Whilst it would be Cryptoruble in Russia, in the case of an American central bank digital currency, it would be the US dollar. These digital currencies would offer a variety of different advantages.
As of now, a venture called Utility Settlement Coin (USC) has been joined by several major banks. This project will be responsible for aiding the issuance of currencies employing Blockchain technology by Central banks across the globe. Collateralized assets on a custom-built Blockchain of the USC platform will be helpful in synchronizing transactions amongst the International banks thus making things easier.
Credit Suisse, Barclays, CIBC, State Street, MUFG, and HSBC are among the new members of this venture as of late August 2017. This platform is in the final stages of testing and will be up for live implementation soon wherein new member banks will be participating.
Regarding this project, Hyder Jaffrey, the co-founder, and Head of Strategic Investment and Fintech of Utility Settlement Coin commented that for a future where the central banks worldwide will be using their own virtual currencies, this would be a springboard. He said,
It may well inform the way central banks choose to move things forward. We see it as a stepping stone to a future where central banks issue their own [cryptocurrency] at some point.
Although cryptocurrency has raised several suspicions regarding the purpose of its existence in the past, slowly but gradually, it has found a place in nearly all forms of trade and commerce, becoming a part of the daily life of people. This popularity among the common masses has led to several Governments and banks considering to make cryptocurrencies- a part of their industry.
Previously, many banks have declared their policies of limiting the purchase of cryptocurrencies like Bitcoin through their credit cards. Apparently, these steps were taken as its acceptance is limited with the mainstream along with lofty risks of loss, volatility, and fraud innate in the cryptocurrency market.
Despite being known traditionally for being disinclined to risks, Central banks of many different countries have put in their support into the investigations for how blockchain technology can advance their operations. So now, many Central banks are looking into replacing cash with cryptocurrency.
A central bank digital currency (CBDC) is in plans of getting devised. With that, the digital money will be distributed by central banks which could be exchanged for the respective domestic fiat currencies and could be maintained on any number of blockchain networks. Whilst it would be Cryptoruble in Russia, in the case of an American central bank digital currency, it would be the US dollar. These digital currencies would offer a variety of different advantages.
As of now, a venture called Utility Settlement Coin (USC) has been joined by several major banks. This project will be responsible for aiding the issuance of currencies employing Blockchain technology by Central banks across the globe. Collateralized assets on a custom-built Blockchain of the USC platform will be helpful in synchronizing transactions amongst the International banks thus making things easier.
Credit Suisse, Barclays, CIBC, State Street, MUFG, and HSBC are among the new members of this venture as of late August 2017. This platform is in the final stages of testing and will be up for live implementation soon wherein new member banks will be participating.
Regarding this project, Hyder Jaffrey, the co-founder, and Head of Strategic Investment and Fintech of Utility Settlement Coin commented that for a future where the central banks worldwide will be using their own virtual currencies, this would be a springboard. He said,
It may well inform the way central banks choose to move things forward. We see it as a stepping stone to a future where central banks issue their own [cryptocurrency] at some point.
Enjin (ENJ) Continues To Partner With DLT Games, Space Misfits Integration Complete
Blockchain and gaming have been the most unexpected marriage, but a successful one nonetheless. DLT based games have been topping the charts time and again, and one platform ruling the roost is Enjin Blockchain.
Space Misfits, a blockchain based 3D Space Sandbox MMO, has announced that its integration with Enjin blockchain. It uses blockchain tech to create items in the game, which are backed by the Enjin’s native cryptocurrency, ENJ. This provides the player the real value and ownership on the items collected while playing the game.
Gaming is among the leading sectors in terms of blockchain adoption. Several games have emerged in the last few years which directly uses the tech to build the game, while there are others who integrate the tech to facilitate crypto payments for value-added stuff. The gaming industry has turned out to be a perfect use-case example for cryptocurrencies and blockchain technology.
The exclusive features like transparency, immutability, and decentralization, which come along with DLT and electronic money are a perfect mix for gamers. Moreover, blockchain can tackle the worst two nightmares of any game development team, copyright infringement, and hacking.
Also, the blockchain industry has been taking major steps to encourage the developer to build more blockchain games. For instance, in November last year, TRON announced a $100 million fund to assist the development of blockchain games.
Blockchain companies betting on gaming makes sense now more than ever. The gaming sector is among the evergreen ones, which rarely sees a dip in sales charts. Also, with the rise of smartphone gaming, integration of blockchain, crypto wallets, and video games has become a reality.
Enjin aims to regulate 3rd-party marketplaces, where currently, game developers are facing the evil of grey market trading, resulting in significant revenue losses. Regulated 3rd-party marketplaces will enable developers to earn revenue by placing a trading fee on all transactions.
Blockchain and gaming have been the most unexpected marriage, but a successful one nonetheless. DLT based games have been topping the charts time and again, and one platform ruling the roost is Enjin Blockchain.
Space Misfits, a blockchain based 3D Space Sandbox MMO, has announced that its integration with Enjin blockchain. It uses blockchain tech to create items in the game, which are backed by the Enjin’s native cryptocurrency, ENJ. This provides the player the real value and ownership on the items collected while playing the game.
Gaming is among the leading sectors in terms of blockchain adoption. Several games have emerged in the last few years which directly uses the tech to build the game, while there are others who integrate the tech to facilitate crypto payments for value-added stuff. The gaming industry has turned out to be a perfect use-case example for cryptocurrencies and blockchain technology.
The exclusive features like transparency, immutability, and decentralization, which come along with DLT and electronic money are a perfect mix for gamers. Moreover, blockchain can tackle the worst two nightmares of any game development team, copyright infringement, and hacking.
Also, the blockchain industry has been taking major steps to encourage the developer to build more blockchain games. For instance, in November last year, TRON announced a $100 million fund to assist the development of blockchain games.
Blockchain companies betting on gaming makes sense now more than ever. The gaming sector is among the evergreen ones, which rarely sees a dip in sales charts. Also, with the rise of smartphone gaming, integration of blockchain, crypto wallets, and video games has become a reality.
Enjin aims to regulate 3rd-party marketplaces, where currently, game developers are facing the evil of grey market trading, resulting in significant revenue losses. Regulated 3rd-party marketplaces will enable developers to earn revenue by placing a trading fee on all transactions.
NEM (XEM) Crowned As The 100th Asset On Exodus Desktop
Exodus announced recently on Twitter that it has added NEM (XEM) on its desktop platform. The asset has been added to the platform as the 100th asset. Further, the announcement also briefly explained how the users could gain access to the NEM (XEM) token. All the user needs to do is to upgrade their wallet, and this will allow them to manage and trade NEM. Also, the company extended gratitude towards the user-base who, according to the post, has shared their input on which asset they prefer. The post received one hundred eighty-nine likes, thirty-seven re-tweets, and thirty- two comments in the past twenty-four hours.
On the other hand, on 9th May 2019, New Europe Market (NEM) opened up about its agenda, the 7th edition. According to the official announcement from NEM, it will take place in Dubrovnik from June 10th to June 13th. There will be eight panels discussions, and the list of special guest will include three Hollywood stars- Gabrielle Union, Jessica Alba, and Alan Cumming. The event will also have prominent speakers such as- “Bhavesh Vaghela, CEO of Paywizard, Salim Mukaddam, general manager and VP of Central and Eastern Europe at BBC Studios, Levente Málnay, executive VP and MD at AMC Networks International, Central & Northern Europe, Chris Marcich, CEO of Croatian Audiovisual Centre and Matthias general director at TV Markiza.” For further details, you can check the official blog of the company.
On the other hand, talking about Exodus the multi-crypto wallet, recently HTC announced the launch of Exodus 1s. It is the latest version of the unique blockchain phone series. According to the reports, it is cheaper too. When can we expect to see the blockchain phone? Well, it is expected to be seen towards the end of Q3, which makes the launch around September. Reports say that the price of the blockchain phone will be somewhere around 250 U.S. Dollars to 300 U.S. Dollars.
Although this will be the latest addition to the unique blockchain series, still the latest one is not planning to replace the original blockchain phone entirely. Based on the lower price section, we can predict the company is trying to cater to the new-comers in the crypto land. Exodus as a company offers support for a good variety of cryptos (around 95 cryptos.)
More on EXODUS 1s-
This is a unique blend of features, and yet it is affordable. This phone will come with in-built security and privacy features. The wallet which is used in the phone is “HTC’s Zion Vault.” The fact that there is no interaction of your wallet’s information with the rest of the phone’s applications and the browser renders it as a security-focused phone. What’s more? Well, the company has joined hands with the search engine- Qwant, and it uses Opera as a browser.
Exodus announced recently on Twitter that it has added NEM (XEM) on its desktop platform. The asset has been added to the platform as the 100th asset. Further, the announcement also briefly explained how the users could gain access to the NEM (XEM) token. All the user needs to do is to upgrade their wallet, and this will allow them to manage and trade NEM. Also, the company extended gratitude towards the user-base who, according to the post, has shared their input on which asset they prefer. The post received one hundred eighty-nine likes, thirty-seven re-tweets, and thirty- two comments in the past twenty-four hours.
On the other hand, on 9th May 2019, New Europe Market (NEM) opened up about its agenda, the 7th edition. According to the official announcement from NEM, it will take place in Dubrovnik from June 10th to June 13th. There will be eight panels discussions, and the list of special guest will include three Hollywood stars- Gabrielle Union, Jessica Alba, and Alan Cumming. The event will also have prominent speakers such as- “Bhavesh Vaghela, CEO of Paywizard, Salim Mukaddam, general manager and VP of Central and Eastern Europe at BBC Studios, Levente Málnay, executive VP and MD at AMC Networks International, Central & Northern Europe, Chris Marcich, CEO of Croatian Audiovisual Centre and Matthias general director at TV Markiza.” For further details, you can check the official blog of the company.
On the other hand, talking about Exodus the multi-crypto wallet, recently HTC announced the launch of Exodus 1s. It is the latest version of the unique blockchain phone series. According to the reports, it is cheaper too. When can we expect to see the blockchain phone? Well, it is expected to be seen towards the end of Q3, which makes the launch around September. Reports say that the price of the blockchain phone will be somewhere around 250 U.S. Dollars to 300 U.S. Dollars.
Although this will be the latest addition to the unique blockchain series, still the latest one is not planning to replace the original blockchain phone entirely. Based on the lower price section, we can predict the company is trying to cater to the new-comers in the crypto land. Exodus as a company offers support for a good variety of cryptos (around 95 cryptos.)
More on EXODUS 1s-
This is a unique blend of features, and yet it is affordable. This phone will come with in-built security and privacy features. The wallet which is used in the phone is “HTC’s Zion Vault.” The fact that there is no interaction of your wallet’s information with the rest of the phone’s applications and the browser renders it as a security-focused phone. What’s more? Well, the company has joined hands with the search engine- Qwant, and it uses Opera as a browser.
Trust Wallet Introduces Ontology Network On Its Platform
Trust, the crypto wallet that is doing the rounds lately has introduced support for the Ontology Network blockchain according to the tweet by Trust Wallet announcing the same. Now, people would be able to use ONT and ONG tokens by the Ontology Network to trade on the Trust wallet.
Ontology Network is a public blockchain project and “a distributed trust collaboration platform”. Their website states that Ontology Network’s framework is able to support public blockchain systems and can be used to customize the blockchain networks for various applications. It will help build better and faster applications for the crypto industry.
They also help developers to collaborate among chain networks with protocol groups. Their latest integration with the Trust Crypto wallet was out of the blue and yet not completely unexpected. With thousands of tokens on their platform now, it was evident that Trust would also want the tokens by the Ontology network, namely ONT and ONG.
Trust’s mission to create a trust-worthy wallet for Crypto traders can only be fulfilled by providing all relevant coins and blockchains in their network. With almost every major coin like BTC, BTH and Ehtereum and Litecoin, it was evident that ONT and ONG would follow suit.
The Rising Demand of Robust Crypto Wallets:
As the demand for stable cryptocurrencies increases, the demand for robust and more effective crypto wallets increases too. These wallets need to be able to hold up to the adverse and volatile changes that the crypto market goes through almost every day.
Trust wallet providing support for all these cryptocurrencies in one big wallet seems like a wise decision, but would they be able to hold on to all of them in times of adverse volatility in the market? only time will tell. As Ontology users sign in to the Trust wallet now, there will be an increase in the overall users of the wallet which is always a plus, but they would need to make their wallet scalable enough to compete these increasing number of users.
This new collaboration between ONT and Trust could be proved profitable for both the companies, but would they be able to provide any profit to the users as well? Will their partnership affect the prices of the ONT tokens or make them enough money to buy some more of the cryptocurrencies? We cannot say for sure, but there’s indeed a possibility of that happening, and with Bitcoin surging up every day, it seems that cryptocurrencies are becoming a safer bet than they ever were.
Trust, the crypto wallet that is doing the rounds lately has introduced support for the Ontology Network blockchain according to the tweet by Trust Wallet announcing the same. Now, people would be able to use ONT and ONG tokens by the Ontology Network to trade on the Trust wallet.
Ontology Network is a public blockchain project and “a distributed trust collaboration platform”. Their website states that Ontology Network’s framework is able to support public blockchain systems and can be used to customize the blockchain networks for various applications. It will help build better and faster applications for the crypto industry.
They also help developers to collaborate among chain networks with protocol groups. Their latest integration with the Trust Crypto wallet was out of the blue and yet not completely unexpected. With thousands of tokens on their platform now, it was evident that Trust would also want the tokens by the Ontology network, namely ONT and ONG.
Trust’s mission to create a trust-worthy wallet for Crypto traders can only be fulfilled by providing all relevant coins and blockchains in their network. With almost every major coin like BTC, BTH and Ehtereum and Litecoin, it was evident that ONT and ONG would follow suit.
The Rising Demand of Robust Crypto Wallets:
As the demand for stable cryptocurrencies increases, the demand for robust and more effective crypto wallets increases too. These wallets need to be able to hold up to the adverse and volatile changes that the crypto market goes through almost every day.
Trust wallet providing support for all these cryptocurrencies in one big wallet seems like a wise decision, but would they be able to hold on to all of them in times of adverse volatility in the market? only time will tell. As Ontology users sign in to the Trust wallet now, there will be an increase in the overall users of the wallet which is always a plus, but they would need to make their wallet scalable enough to compete these increasing number of users.
This new collaboration between ONT and Trust could be proved profitable for both the companies, but would they be able to provide any profit to the users as well? Will their partnership affect the prices of the ONT tokens or make them enough money to buy some more of the cryptocurrencies? We cannot say for sure, but there’s indeed a possibility of that happening, and with Bitcoin surging up every day, it seems that cryptocurrencies are becoming a safer bet than they ever were.
DASH Can Now Be Purchased On Bitlish Via Multiple Fiat Currencies And Crypto
How does it operate?
The platform offers a safe and easy BTC exchange to its users. The user can simply deposit funds in the form of BTC, fiat money, etc. in order to tally with the pre-existing orders or by creating new ones. After this, the user can take out the BTC from the BTC wallet, or if the case is of fiat currency, then it can be taken out from the credit cards or the bank accounts depending on the situation.
On the official site of the company, one can find it simple to comprehend steps that explain the entire process of using the platform. These steps include- signing up with information such as email id, phone numbers etc., then signing in into the newly created account, then the verification takes place through the two-factor authentication. Only after completing the above steps, the user comes in the position to sell or buy BTC or take out any funds.
How much does it cost?
The trading fees as per the official site of Bitlish is:
For anonymous users- the taker fee is 0.3 percent, and the maker fee is 0 percent.
For the verified users, the taker fee is 0.2 percent, and the maker fee is 0 percent
More on Dash:
Recently, British Virgin Islands-based trading app- Quantfury announced support for Dash. This will allow the users of the platform to trade a good variety of currencies. The currencies which this platform supports are Bitcoin, Ethereum, EOS, Litecoin, IOTA, NEO, Monero, XRP, Ethereum Classic, and Zcash, along with a variety of fiat currencies such as USD, EUR, GBP, CAD, JPY, AUD, NZD, and CHF. On this, the CEO of Quantfury- Gregory Kim had the following to say,
In the world of trading and investing, speed and timing of deploying your assets are critical. The addition of Dash with its rapid transaction speed is a great advantage for Quantfurians, especially those in Latin America countries such as Venezuela.
Dash, on the other hand, has been recently showing good price surge. It has touched to the former high of 140 U.S. Dollars. Further, it has met the weekly 50 SMA, which can be the reason for resistance. At the press time, the price of the crypto was 140.78 U.S Dollars with a growth rate of 5.41 percent.
Further, the Core Group of Dash has recently launched Dash Investments. The investment allocations of the Dash Investment Foundation will be selected via a decentralized voting system. Elections will be held for the supervisors from 23 May, and it plans to close the elections by 16 June.
How does it operate?
The platform offers a safe and easy BTC exchange to its users. The user can simply deposit funds in the form of BTC, fiat money, etc. in order to tally with the pre-existing orders or by creating new ones. After this, the user can take out the BTC from the BTC wallet, or if the case is of fiat currency, then it can be taken out from the credit cards or the bank accounts depending on the situation.
On the official site of the company, one can find it simple to comprehend steps that explain the entire process of using the platform. These steps include- signing up with information such as email id, phone numbers etc., then signing in into the newly created account, then the verification takes place through the two-factor authentication. Only after completing the above steps, the user comes in the position to sell or buy BTC or take out any funds.
How much does it cost?
The trading fees as per the official site of Bitlish is:
For anonymous users- the taker fee is 0.3 percent, and the maker fee is 0 percent.
For the verified users, the taker fee is 0.2 percent, and the maker fee is 0 percent
More on Dash:
Recently, British Virgin Islands-based trading app- Quantfury announced support for Dash. This will allow the users of the platform to trade a good variety of currencies. The currencies which this platform supports are Bitcoin, Ethereum, EOS, Litecoin, IOTA, NEO, Monero, XRP, Ethereum Classic, and Zcash, along with a variety of fiat currencies such as USD, EUR, GBP, CAD, JPY, AUD, NZD, and CHF. On this, the CEO of Quantfury- Gregory Kim had the following to say,
In the world of trading and investing, speed and timing of deploying your assets are critical. The addition of Dash with its rapid transaction speed is a great advantage for Quantfurians, especially those in Latin America countries such as Venezuela.
Dash, on the other hand, has been recently showing good price surge. It has touched to the former high of 140 U.S. Dollars. Further, it has met the weekly 50 SMA, which can be the reason for resistance. At the press time, the price of the crypto was 140.78 U.S Dollars with a growth rate of 5.41 percent.
Further, the Core Group of Dash has recently launched Dash Investments. The investment allocations of the Dash Investment Foundation will be selected via a decentralized voting system. Elections will be held for the supervisors from 23 May, and it plans to close the elections by 16 June.
Amazon Strikes its Move; Files Patent for Crypto-Based Proof of Work System
Amazon, the American retail and e-commerce giant that doesn’t need any introduction having one of the largest userbases across the world, is ready to take on the crypto space with its strategic move. The shopping behemoth that is considered as one of the hugest tech firms in the world has come up with a patent for Proof of Work System based on Crypto.
As, since long, Amazon is going through the ups and downs along with tough competition, this step of the aforementioned patent can be proved as a game changer. Actually, the patent was already in the process of filing since December 23, 2016, but the news has just broken out recently on May 14. The patent filed by Amazon is titled ‘Generation of Merkle Trees as Proof-of-Work’ and it deploys cryptography.
The patent provides the details regarding the Proof of Work System,
'A proof-of-work system where a first party (e.g., a client computer system) may request access to a computing resource. A second party (e.g., a service provider) may determine a challenge that may be provided to the first party.'
Moving further, the patent explains more about how it will operate in order to provide a ‘valid solution to the challenge.’ The patent specifies its technical details to quite an extent. The document of the patent contains 21 pages in total. It also explains ‘Merkle Trees’ in detail. Speculations say that Amazon intends to utilize the proof-of-work system in order to combat ‘denial of service attacks.’ It is a kind of cyber attack that disrupts services, causing the server to crash.
Amazon’s current state:
Founded by Jeff Bezos, the firm is ruling the market with its wide spectrum of services. However, its rival retail chain Walmart gave it a tough competition recently. Famously, Amazon had offered next-day shipping, following which, Walmart also declared a similar offer for its customers.
At the time, Walmart noted that it will apply next-day delivery in Phoenix, Las Vegas and Southern California. It plans to expand its business to around 75% of American consumers by the end of 2019.
Amazon, the American retail and e-commerce giant that doesn’t need any introduction having one of the largest userbases across the world, is ready to take on the crypto space with its strategic move. The shopping behemoth that is considered as one of the hugest tech firms in the world has come up with a patent for Proof of Work System based on Crypto.
As, since long, Amazon is going through the ups and downs along with tough competition, this step of the aforementioned patent can be proved as a game changer. Actually, the patent was already in the process of filing since December 23, 2016, but the news has just broken out recently on May 14. The patent filed by Amazon is titled ‘Generation of Merkle Trees as Proof-of-Work’ and it deploys cryptography.
The patent provides the details regarding the Proof of Work System,
'A proof-of-work system where a first party (e.g., a client computer system) may request access to a computing resource. A second party (e.g., a service provider) may determine a challenge that may be provided to the first party.'
Moving further, the patent explains more about how it will operate in order to provide a ‘valid solution to the challenge.’ The patent specifies its technical details to quite an extent. The document of the patent contains 21 pages in total. It also explains ‘Merkle Trees’ in detail. Speculations say that Amazon intends to utilize the proof-of-work system in order to combat ‘denial of service attacks.’ It is a kind of cyber attack that disrupts services, causing the server to crash.
Amazon’s current state:
Founded by Jeff Bezos, the firm is ruling the market with its wide spectrum of services. However, its rival retail chain Walmart gave it a tough competition recently. Famously, Amazon had offered next-day shipping, following which, Walmart also declared a similar offer for its customers.
At the time, Walmart noted that it will apply next-day delivery in Phoenix, Las Vegas and Southern California. It plans to expand its business to around 75% of American consumers by the end of 2019.
IOTA Partners With Luxury Fashion Brand To Make Use Of Distributed Ledger Technology For Its Supply Chain
In recent news, the German blockchain foundation, IOTA is initiating a Distributed Ledger Technology to enable a more supportive and ethically sourced fashion industry along with Avery Dennison, a global manufacturing company. The platform will be experimented with luxury label ALYX, to allow its customers full understanding about the supply chain.
Customers can be able to track the lifecycle of the purchased item from the creation of the product to the point of sale, with the help of an app which reads items QR codes. IOTA’s Distributed Ledger Technology will record the garment’s source, raw materials, and production date allowing the users to verify the product and also to check its validity credentials.
By scanning the label with their smartphone, customers can view their garments journey and can track it back from its origin and to the point of sale in the rack. Customers can also confirm the validity credentials along with the authenticity of the product. Brands can have full visibility of their manufactured product journey across the supply chain, by giving full access to data and statistics, through IOTA distributed ledger, along with different sales channels and preferences of consumers real-time.
Through these efforts, it is possible to deliver an exclusive and straightforward detail to its consumers, the only thing they need to do is to scan the QR code to get visibility into the intricacies of the global supply chain networks.
Debbie Shakespeare, senior director of sustainability and compliance at Avery Dennison, said,
"Brands and consumers can know that the information they are being shown about the garment’s creation process is 100% accurate and can be trusted implicitly. This is a watershed moment for improving brand transparency and trust"
How does this project work?
This solution to this project consists of several features provided by each of its partners. Primarily, the garments are digitally activated at first and given a serialized QR code along with digital identity in the EVRYTHNG cloud. Supply chain data are collected by different supply chain members instigated by Avery Dennison, and the same is stored in EVRYTHNG cloud.
Data is written and verified on IOTA’s tangle to ensure that it is not changed. Users can scan the QR code on the product at the point of sale or after the purchase to check the trusted origin and authenticity. Moreover, for ALYX, analytics and reporting dashboard gives an end to end product and engagement data.
In recent news, the German blockchain foundation, IOTA is initiating a Distributed Ledger Technology to enable a more supportive and ethically sourced fashion industry along with Avery Dennison, a global manufacturing company. The platform will be experimented with luxury label ALYX, to allow its customers full understanding about the supply chain.
Customers can be able to track the lifecycle of the purchased item from the creation of the product to the point of sale, with the help of an app which reads items QR codes. IOTA’s Distributed Ledger Technology will record the garment’s source, raw materials, and production date allowing the users to verify the product and also to check its validity credentials.
By scanning the label with their smartphone, customers can view their garments journey and can track it back from its origin and to the point of sale in the rack. Customers can also confirm the validity credentials along with the authenticity of the product. Brands can have full visibility of their manufactured product journey across the supply chain, by giving full access to data and statistics, through IOTA distributed ledger, along with different sales channels and preferences of consumers real-time.
Through these efforts, it is possible to deliver an exclusive and straightforward detail to its consumers, the only thing they need to do is to scan the QR code to get visibility into the intricacies of the global supply chain networks.
Debbie Shakespeare, senior director of sustainability and compliance at Avery Dennison, said,
"Brands and consumers can know that the information they are being shown about the garment’s creation process is 100% accurate and can be trusted implicitly. This is a watershed moment for improving brand transparency and trust"
How does this project work?
This solution to this project consists of several features provided by each of its partners. Primarily, the garments are digitally activated at first and given a serialized QR code along with digital identity in the EVRYTHNG cloud. Supply chain data are collected by different supply chain members instigated by Avery Dennison, and the same is stored in EVRYTHNG cloud.
Data is written and verified on IOTA’s tangle to ensure that it is not changed. Users can scan the QR code on the product at the point of sale or after the purchase to check the trusted origin and authenticity. Moreover, for ALYX, analytics and reporting dashboard gives an end to end product and engagement data.
RippleNet: An Advanced Global Payments Network Based on Blockchain Technology
Ripple is an open-source protocol that allows quick and cost-effective transactions. Ripplenet is a banking and payment network. Ripple’s solutions and a standardized rule set enable those connected to RippleNet to send and receive payments efficiently across the globe.
The operational standardization is available in the RippleNet Rulebook. The Rulebook provides a legal framework on network participants’ rights, obligations, and business rules. RippleNet’s standardized technology infrastructure complements the Rulebook. RippleNet uses a single decentralized network infrastructure that eliminates the need for personalized integration work. The Rulebook and technology infrastructure together create global consistency, which makes transactions with new partners easy for RippleNet customers.
The trajectory capability of RippleNet ensures that payments are transferred as efficiently as possible from the originator to the beneficiary. Payments will be settled immediately once a route has been selected. This is achieved by securing all transaction legs, regardless of the number of involved transactions, with a single pass failure result before payments are made.
The messenger API of RippleNet enables financial institutions to exchange information on the needs, fees, FX rates, payment details and expected time for delivery of funds, thus offering unprecedented visual information about the full cost of the transaction. As a result, the related costs are well-known to all trading parties and thus the amount received by the beneficiary.
All RippleNet participants connect through standardized Ripple technology and enable Ripple’s global banking network, payment providers, and other institutions to settle their transactions with increased speed, transparency, and low cost.
To summarise it Ripple provides one frictionless experience with the power of blockchain technology for sending money worldwide. With the growing global network of Ripple, financial entities can instantaneously, reliably, and cost-effectively process their customers’ payments worldwide. Banks and payment providers can use XRP to cut their costs further and access new markets through digital assets.
Ripple is an open-source protocol that allows quick and cost-effective transactions. Ripplenet is a banking and payment network. Ripple’s solutions and a standardized rule set enable those connected to RippleNet to send and receive payments efficiently across the globe.
The operational standardization is available in the RippleNet Rulebook. The Rulebook provides a legal framework on network participants’ rights, obligations, and business rules. RippleNet’s standardized technology infrastructure complements the Rulebook. RippleNet uses a single decentralized network infrastructure that eliminates the need for personalized integration work. The Rulebook and technology infrastructure together create global consistency, which makes transactions with new partners easy for RippleNet customers.
The trajectory capability of RippleNet ensures that payments are transferred as efficiently as possible from the originator to the beneficiary. Payments will be settled immediately once a route has been selected. This is achieved by securing all transaction legs, regardless of the number of involved transactions, with a single pass failure result before payments are made.
The messenger API of RippleNet enables financial institutions to exchange information on the needs, fees, FX rates, payment details and expected time for delivery of funds, thus offering unprecedented visual information about the full cost of the transaction. As a result, the related costs are well-known to all trading parties and thus the amount received by the beneficiary.
All RippleNet participants connect through standardized Ripple technology and enable Ripple’s global banking network, payment providers, and other institutions to settle their transactions with increased speed, transparency, and low cost.
To summarise it Ripple provides one frictionless experience with the power of blockchain technology for sending money worldwide. With the growing global network of Ripple, financial entities can instantaneously, reliably, and cost-effectively process their customers’ payments worldwide. Banks and payment providers can use XRP to cut their costs further and access new markets through digital assets.
Customers Get A Sneak Peek into Shapeshift’s New Close Beta Platform
ShapeShift has opened its closed beta to its customer base. A closed beta is a test arrangement for the distribution of a beta-test version of software to a small tester group
The new platform will provide greater interoperability among the key products from ShapeShift, including its KeepKey crypto-hardware wallet and CoinCap crypto prices.
ShapeShift is a web platform with the highest degree of consumer protection and efficiency for instant Bitcoin and Altcoin conversions. The ShapeShift platform allows you to swap assets quickly in a seamless, safe, and secure environment.
The primary purpose of ShapeShift is to be used as an API. The oAuth implementation and support of ShapeShift Memberships are necessary for all ShapeShifte API partners.
ShapeShift offers a highly practical service without having to create an account or email. This is useful if you want to swap your cryptograph quickly and anonymously. Some problems are still facing the company with reports by unhappy clients who either lost money or were charged high fees unexpectedly.
With all products on one platform, this feature enables users to manage their assets in a unique non-custodial exchange, as well as to improve their trading activities. The fluidity of products is aimed at helping the company to witness the continued bear market, which has made many industry leaders and companies the victims of this.
They also provide the valid customer a chance to get 60 percent off on the total cost by using Keepkey hardware.
ShapeShift has opened its closed beta to its customer base. A closed beta is a test arrangement for the distribution of a beta-test version of software to a small tester group
The new platform will provide greater interoperability among the key products from ShapeShift, including its KeepKey crypto-hardware wallet and CoinCap crypto prices.
ShapeShift is a web platform with the highest degree of consumer protection and efficiency for instant Bitcoin and Altcoin conversions. The ShapeShift platform allows you to swap assets quickly in a seamless, safe, and secure environment.
The primary purpose of ShapeShift is to be used as an API. The oAuth implementation and support of ShapeShift Memberships are necessary for all ShapeShifte API partners.
ShapeShift offers a highly practical service without having to create an account or email. This is useful if you want to swap your cryptograph quickly and anonymously. Some problems are still facing the company with reports by unhappy clients who either lost money or were charged high fees unexpectedly.
With all products on one platform, this feature enables users to manage their assets in a unique non-custodial exchange, as well as to improve their trading activities. The fluidity of products is aimed at helping the company to witness the continued bear market, which has made many industry leaders and companies the victims of this.
They also provide the valid customer a chance to get 60 percent off on the total cost by using Keepkey hardware.
Zulu Republic’s WhatsApp Move Via Lite.IM Could Change The Crypto Game For The Masses
Cryptocurrencies are here to stay; there’s no doubt about it. The market withstood the worst times and survived through them, proving their mettle. However, the mass adoption of digital currencies is still a few breakthroughs away. Zulu Republic’s announcement made on Sunday could just be that.
Lite.IM is a conversational crypto wallet based on WhatsApp, which allows users to send and receive cryptocurrencies. What this means is that WhatsApp users, who hold tokens can interact with the Lite.IM business account on WhatsApp to send and receive digital tokens.
However, it means a lot more to the market than simply exchanging tokens among users. The monthly active user base of WhatsApp stands at a humongous 1.5 billion. Add to that the 2.3 billion users of its parent social network platform Facebook, and the possibilities turn out to be endless. Facebook itself is working on its native stablecoin, which could further add to the mix.
Complexities of crypto transactions have often kept laymen out of the game, and hence, mass adoption seemed at a distant future. However, things could change rapidly, especially with the integration of crypto and WhatsApp. Exchanging on the platforms like these eliminates most of the technically challenging stuff, which would encourage people to join the crypto revolution.
Apart from Bitcoin (BTC) and Litecoin (LTC), users can also send and receive Ethereum (ETH) and Zulu Republican Token (ZRX). A user should simply send “HODL” message on the Lite.IM account, and start a conversation. It gives step by step instructions, which makes trading as simple as, let’s say, chatting.
Awareness of cryptocurrencies and their benefits is increasing among common investors, and the markets are expanding in newer regions. Developing simplified tools will give companies a competitive edge because the new entrants are more likely to find simple platforms rather than complex ones.
If marketed efficiently, Lite.IM can be a great success in regions like the Sub-continent, Africa, South America, etc., where crypto industry faces severe restrictions by regulators. Especially in an emerging market like India, which is witnessing an internet boom since 2016, tools like Lite.IM can be of great significance for crypto trading.
Also, other small crypto start-ups can soon imitate Lite.IM, which could result in a variety of altcoins and stablecoins being traded on WhatsApp. After all, the crypto game is too hard to resist for anyone who’s seen a glimpse of the power of blockchain and Bitcoin.
Cryptocurrencies are here to stay; there’s no doubt about it. The market withstood the worst times and survived through them, proving their mettle. However, the mass adoption of digital currencies is still a few breakthroughs away. Zulu Republic’s announcement made on Sunday could just be that.
Lite.IM is a conversational crypto wallet based on WhatsApp, which allows users to send and receive cryptocurrencies. What this means is that WhatsApp users, who hold tokens can interact with the Lite.IM business account on WhatsApp to send and receive digital tokens.
However, it means a lot more to the market than simply exchanging tokens among users. The monthly active user base of WhatsApp stands at a humongous 1.5 billion. Add to that the 2.3 billion users of its parent social network platform Facebook, and the possibilities turn out to be endless. Facebook itself is working on its native stablecoin, which could further add to the mix.
Complexities of crypto transactions have often kept laymen out of the game, and hence, mass adoption seemed at a distant future. However, things could change rapidly, especially with the integration of crypto and WhatsApp. Exchanging on the platforms like these eliminates most of the technically challenging stuff, which would encourage people to join the crypto revolution.
Apart from Bitcoin (BTC) and Litecoin (LTC), users can also send and receive Ethereum (ETH) and Zulu Republican Token (ZRX). A user should simply send “HODL” message on the Lite.IM account, and start a conversation. It gives step by step instructions, which makes trading as simple as, let’s say, chatting.
Awareness of cryptocurrencies and their benefits is increasing among common investors, and the markets are expanding in newer regions. Developing simplified tools will give companies a competitive edge because the new entrants are more likely to find simple platforms rather than complex ones.
If marketed efficiently, Lite.IM can be a great success in regions like the Sub-continent, Africa, South America, etc., where crypto industry faces severe restrictions by regulators. Especially in an emerging market like India, which is witnessing an internet boom since 2016, tools like Lite.IM can be of great significance for crypto trading.
Also, other small crypto start-ups can soon imitate Lite.IM, which could result in a variety of altcoins and stablecoins being traded on WhatsApp. After all, the crypto game is too hard to resist for anyone who’s seen a glimpse of the power of blockchain and Bitcoin.
Facebook’s Crypto Project Experiences Major Problems
The much loved social media platform, Facebook has been facing the blues since quite some time now. Its privacy issues being the primary problem has been garnering the social network all the negative attention. The result of all this seems to be creating major roadblocks to Facebook’s secret cryptocurrency project as well.
The problem doesn’t end there as there is more to it than meets the eye. According to a recent report, Facebook has been struggling to hire good talent ever since the infamous Cambridge Analytica leaked in March last year. Its privacy issues are driving the candidates away from the company. If things continue this way, many of the company’s future projects might sink or have a really tough time shaping up, especially the crypto project, which is referred to as the Project Libra.
Few Are Accepting Facebook Job Offers:
As per the recent reports revealed by CNBC, Facebook has witnessed a significant decline in the percentage of talents wanting to join the company. The job acceptance rates for software engineer positions have gone down to as low as 50% at the beginning of 2019 from 90% in the latter part of 2016.
Post the data leak scandal in 2018, top Facebook executives have come out multiple times to claim that the problem has been fixed and steps have been taken to avert such issues in the future. However, it seems the candidates seriously doubt the truth behind such claims. If we believe Facebook’s former recruiters, it is the candidates who are raising much more difficult questions about the social media giant’s privacy approach.
The irony is that the company was once considered to be one of the best workplaces in the States. But the decline in job offer acceptance percentage poses a serious threat to the company’s future growth plans too. After all, the company needs good talents to enhance its present offerings as well as successfully come up with newer innovative projects like crypto.
Tough Competition Ahead:
The reduction in the number of candidates opting for Facebook is turning out to be considerable gains for its competitors. Companies such as Amazon, Google, and Microsoft are not only keen on hiring new talents, but they are also offering similar sets of benefits in terms of salary and perks. Moreover, the fact that these tech companies are not involved in scandals like Facebook is also attracting candidates towards them to a great extent.
In fact, one of the previous recruiters of Facebook also stated that it was shocking to have found out such a massive problem at the same time, along with the public. They felt they deserved to be conveyed the information earlier from the leaders themselves.
Whether the situation will improve for the social networking giant or not will only be revealed by time. In the meantime, it’s crypto project is finding itself trapped in the issues Facebook has created for itself.
The much loved social media platform, Facebook has been facing the blues since quite some time now. Its privacy issues being the primary problem has been garnering the social network all the negative attention. The result of all this seems to be creating major roadblocks to Facebook’s secret cryptocurrency project as well.
The problem doesn’t end there as there is more to it than meets the eye. According to a recent report, Facebook has been struggling to hire good talent ever since the infamous Cambridge Analytica leaked in March last year. Its privacy issues are driving the candidates away from the company. If things continue this way, many of the company’s future projects might sink or have a really tough time shaping up, especially the crypto project, which is referred to as the Project Libra.
Few Are Accepting Facebook Job Offers:
As per the recent reports revealed by CNBC, Facebook has witnessed a significant decline in the percentage of talents wanting to join the company. The job acceptance rates for software engineer positions have gone down to as low as 50% at the beginning of 2019 from 90% in the latter part of 2016.
Post the data leak scandal in 2018, top Facebook executives have come out multiple times to claim that the problem has been fixed and steps have been taken to avert such issues in the future. However, it seems the candidates seriously doubt the truth behind such claims. If we believe Facebook’s former recruiters, it is the candidates who are raising much more difficult questions about the social media giant’s privacy approach.
The irony is that the company was once considered to be one of the best workplaces in the States. But the decline in job offer acceptance percentage poses a serious threat to the company’s future growth plans too. After all, the company needs good talents to enhance its present offerings as well as successfully come up with newer innovative projects like crypto.
Tough Competition Ahead:
The reduction in the number of candidates opting for Facebook is turning out to be considerable gains for its competitors. Companies such as Amazon, Google, and Microsoft are not only keen on hiring new talents, but they are also offering similar sets of benefits in terms of salary and perks. Moreover, the fact that these tech companies are not involved in scandals like Facebook is also attracting candidates towards them to a great extent.
In fact, one of the previous recruiters of Facebook also stated that it was shocking to have found out such a massive problem at the same time, along with the public. They felt they deserved to be conveyed the information earlier from the leaders themselves.
Whether the situation will improve for the social networking giant or not will only be revealed by time. In the meantime, it’s crypto project is finding itself trapped in the issues Facebook has created for itself.
EMURGO Recently Revealed “Seiza” – A Brand New Cardano Blockchain Explorer!
EMURGO’s “Seiza” was acquired from the Japanese word, “Constellation.” Blockchain explorers or Blockchain are much similar to virtual currency search engines which are used to look out for information about precise blockchain, which gives details about the past and pending transactions, Blocks and wallet address of transaction histories.
In a recent tweet, EMURGO recently unveiled their new blockchain explorer: Seiza, an all-new official Cardano Blockchain Explorer,
EMURGO, the official commercial arm of Cardano (ADA), has today announced the upcoming release of a new blockchain explorer, which will allow users to monitor ADA transactions and check the balance of wallet addresses.
Proof of Stake
Cardano implements a resource-friendly PoS (Proof of Stake) agreement mechanism where an ADA holder can contribute to stake pools. The Use of proof of stake in a public blockchain is essential in securing the network to validate the transactions by ensuring the users who stake more ADA will have more chance of being selected for developing blocks where they will get rewarded later. Moreover, Seiza will permit ADA holders to have access to real-time data.
EMURGO CTO Nicolas Arqueros commented,
EMURGO is fully committed to providing valuable utility to the Cardano community. Seiza is an essential user-friendly tool that EMURGO was eager to develop to further the advancement of the Cardano ecosystem.
Since Cardanos inception, more than 1 million transactions have been handled, over 1.2 million wallet addresses have been created, and 7.3 trillion ADA relocated.
EMURGO’s “Seiza” was acquired from the Japanese word, “Constellation.” Blockchain explorers or Blockchain are much similar to virtual currency search engines which are used to look out for information about precise blockchain, which gives details about the past and pending transactions, Blocks and wallet address of transaction histories.
In a recent tweet, EMURGO recently unveiled their new blockchain explorer: Seiza, an all-new official Cardano Blockchain Explorer,
EMURGO, the official commercial arm of Cardano (ADA), has today announced the upcoming release of a new blockchain explorer, which will allow users to monitor ADA transactions and check the balance of wallet addresses.
Proof of Stake
Cardano implements a resource-friendly PoS (Proof of Stake) agreement mechanism where an ADA holder can contribute to stake pools. The Use of proof of stake in a public blockchain is essential in securing the network to validate the transactions by ensuring the users who stake more ADA will have more chance of being selected for developing blocks where they will get rewarded later. Moreover, Seiza will permit ADA holders to have access to real-time data.
EMURGO CTO Nicolas Arqueros commented,
EMURGO is fully committed to providing valuable utility to the Cardano community. Seiza is an essential user-friendly tool that EMURGO was eager to develop to further the advancement of the Cardano ecosystem.
Since Cardanos inception, more than 1 million transactions have been handled, over 1.2 million wallet addresses have been created, and 7.3 trillion ADA relocated.
