Venezuela has been known to try new things. A new currency is now one of them! They are launching a new fiat currency that is tied to cryptocurrency, that is tied to oil. That is quite the extraordinary use of crypto. It is said Venezuela’s economic “reconversion” is set to start on August 20th of this year, where they will issue the “Sovereign Bolivar”.
Is anyone surprised? We’re at the tail end of a crypto bubble.
-@VitalikButerin July 31st, 2018
Vitalik tweeted this yesterday.
During January of 2018 Coinbase saw a peak of around 126 million visits, dropping off to a mere 29 million by June of 2018. Is these decrease in activity a sign the crypto-bubble is ending? Or are we simply seeing new trends and habits that we simply have not seen before, as this economy is still so fresh. Coinbase also only offers a handful of assets, while the alt-coin market exploded this year, as well as tons of other crypto-exchanges opening up.
A survey from Thomson Reuters revealed that cryptocurrency trading by financial firms could increase in 2018. The survey was conducted among 400 of the firm’s clients, with 20% indicating that they are considering trading cryptocurrencies over the next 3-12 months. In addition to this prediction, Goldman Sachs recently launched a cryptocurrency trading desk. A number of smaller banks, asset managers and midsize family offices in Europe and Asia have also started investing client money into the crypto market.
“Gods Unchained” A new Esports project launched on the Ethereum network
Esports is a massive industry by itself, currently gamers account for 66% of the United States population as per statista.com.
Gods Unchained began as the game Etherbots, one of the most popular games ran on the Ethereum main-net. All of the data from Etherbots is recorded on the Ethereum blockchain and was sent by one large transaction. Fuel Games, the developers of Etherbots and Gods Unchained decided to go about launching their new game on the network differently.
Martti ‘Sirius’ Malmi, Bitcoin’s Second Developer Wants To Start A New Crypto
We all know the name “Satoshi Nakamoto” right? The main developer of Bitcoin, who’s identity has been hidden since it’s fruition. Satoshi started the domino effect, the adoption of cryptocurrency and blockchain technology. Not a lot is known about Satoshi, except that he worked with other developers named Martti ‘Sirius’ Malmi, and Gavin Andersen.
Have you ever thought about cryptocurrency insurance, does it apply to you?
The insurance industry has a lot to gain from the cryptocurrency economy, so you know they want in on it. Luckily to the consumer’s benefit, this might actually be something useful. A handful of insurance agencies have already starting adopting cryptocurrency plans, agencies such as XL Catlin, Great American Insurance Group, Chubb, Mitsui Sumitomo Insurance, and Line which is a messaging app that is soon to feature loans and insurance policies, along with transacting crypto.
Google randomly removed MetaMask?
What is MetaMask?
As per their about page:
MetaMask is a bridge that allows you to visit the distributed web of tomorrow in your browser today. It allows you to run Ethereum dApps right in your browser without running a full Ethereum node.
MetaMask includes a secure identity vault, providing a user interface to manage your identities on different sites and sign blockchain transactions.
Which countries are accepting and embracing cryptocurrency?
Today the cryptocurrency industry faces some pretty serious regulatory issues. Fundamentally cryptocurrency is supposed to have decentralized power and authority, so the model from the floor up is going to take some work in order for global adoption to take place. Regulations to protect the consumer/user is warranted, but it gets messy when we start talking taxes.
Why does blockchain differ from distributed ledger technology?
Blockchain technology and distributed ledger technology are indeed different, and the two terms will be brought up together more often as time goes on. The terms are not interchangeable and there are some fundamental differences that separate the two.
So let’s begin with this and introduce AID:Tech, a company that is focused on blockchain solutions for the world’s arising issues. Taken from their “about us”, they were the first company to deliver aid to Syrian refugees completely transparently by using blockchain technology. No other company as matched blockchain solutions like this.
The Winklevoss brothers were denied the first Bitcoin ETF by the SEC, also known as the Securities and Exchange Commission. A major blow to the growing cryptocurrency reputation and adoption. An ETF is an “exchange-traded fund”, an investment tool that monitors bonds, asset portfolios, and benchmark indexes. ETF’s can also be traded similar to a stock on exchanges, an extremely useful tool in trading.
According to a blog post directly from Bitmain themselves, they have released a transparency policy for shipping and mining practices. This was an extremely smart step for Bitmain, because as their company grows, it will be important to have high ethical standards and practices. This is going to set the pace and standard for other mining hardware manufacturers.