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A Visual Guide to the Hot, New Crypto Fundraising Mechanism – the IEO



Forget the ICO. The hottest fundraising trend in 2019 is the Initial Exchange Offering. We’ll tell you how it works and why it’s caught on.

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John McAfee Blows His Own Horn Over Bitcoin Price Predictions




The media and others have all of it mistaken in terms of predicting Bitcoin’s value actions. This consistent with John McAfee who believes he’s the one one that could make such calls appropriately.

The founding father of tool large McAfee took to Twitter this week to provide his ideas.

But I Already Said That!

It’s been a number of months since McAfee tweeted in particular about Bitcoin’s value. It turns out the newest predictions made by way of a number of other people didn’t sit down neatly with him.

One of the issues that pass hand-in-hand with Bitcoin and different cryptos relate to value predictions. Everyone, it kind of feels, has an concept about how prime, or how low, it is going to pass, and when.

Jesse Lund, IBM’s vp of Blockchain and Digital Currencies, lately expressed his bullish Bitcoin perspectives. He set a long-term $1 million price target.

That goal is according to his trust that the upper the cost of a crypto asset, the extra software it has. For this explanation why, other people will have to center of attention much less at the transferring costs of crypto belongings and extra on their software, he stated, including:

If the cost of Bitcoin have been upper, there could be extra liquidity at the community, we may well be having a truly other dialogue with banks at this time.

This $1 million goal turns out to have truly frustrated McAfee. He tweeted:

On Friday, he adopted up, and tweeted this:

McAfee’s newest tweets come a couple of 12 months after he reaffirmed his bullish view about Bitcoin. He’s stated that its value would succeed in “$500,000 by the end of 2020”. In November 2017, he tweeted that the cryptocurrency had sped up a lot sooner than anticipated, inflicting him to lift his prediction to $1 million as an alternative.

Bitcoin’s On the Move; So Are Price Predictors

An fascinating level made by way of Lund used to be that speculators are hurting the worth of cryptocurrencies “because they’re thinking about it wrong.”

Bitcoin’s value has been slowly, however frequently, drawing near $4,000 USD.

Lund joins others who’ve spoken out about BTC’s value because it’s lately began to transport upper. Following a fast surge in its value to $4,000 from $3,614 to $4,000 inside of a span of 3 days, buyers are speculated it will retrace by way of round 7 p.c to $3,700, CCN reported.

The wary projection at the value pattern of the dominant crypto asset comes after the failure of BTC to climb past the a very powerful $4,000 resistance degree.

Much consideration is on institutional traders, who’re expected to ramp up their crypto positions this 12 months. It’s concept that they’re going to open the floodgates of capitalization, institutional experience, and the air of secrecy of officialdom, infusing the crypto business with such a lot price. CCN famous that many be expecting its market cap will dwarf its earlier height on the top of the bubble in 2017.

The loss of momentum in the fee pattern of BTC has additionally began to impact tokens that experience outperformed the vast majority of virtual belongings up to now 30 days, CCN reported this week. Also, tokens equivalent to Binance Coin, VeChain, Ontology, Status, and Waves have began to fall. They may see intensified problem actions within the subsequent 24 to 48 hours relying at the efficiency of BTC.



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University of California Researchers Propose Blockchain System for Clinical Data



Academics from the University of California, San Francisco, have proposed a technique of sharing scientific information the usage of a blockchain-based gadget. An article outlining their analysis published by way of global analysis magazine Nature on Feb. 22.

The researchers reportedly advanced a blockchain-powered gadget that targets to reinforce the traceability and immutability of amassed clinical information, and make it extra devoted. In addition, the gadget targets to advance strategies for reporting opposed occasions right through analysis and reinforce scientific file control.

During the trial, the builders reportedly introduced a web based portal obtainable to all individuals with an actual medical trial dataset, which facilitated the interplay between sufferers and medical investigators. The authors additional examined malicious assaults to information integrity with actual international scientific information.

After a transaction used to be carried out, all related information used to be reportedly recorded onto a brand new block after which joined in combination and hashed the usage of the SHA256 set of rules. “Data storage of the blockchain will be accomplished by duplicating and distributing the chain to physically separate machines and data warehouses to be managed by the regulator,” the document additional explains.

The blockchain

The blockchain. Source: Nature Communications

If a consumer wishes to change already introduced knowledge or proper a mistake, the gadget permits them to make an replace by way of filing a brand new transaction with the corrected information with out overwriting previous information.

Blockchain era has already been applied by way of more than a few healthcare-related organizations. Earlier this month, the Canadian unit of American tech massive IBM partnered with pharmaceutical corporate Boehringer Ingelheim to check blockchain in medical recordkeeping. The events goal to find whether or not the mixing of blockchain with medical recordkeeping supplies the correct degree of information integrity, transparency, and affected person protection, along with lowering prices and automating processes.

Also this month, blockchain tech corporate Bitfury partnered with radiology blockchain market Medical Diagnostic Web and blockchain-powered existence information market Longenesis to create a blockchain-based platform for keeping up, sharing and securing scientific imaging and diagnostics knowledge equivalent to X-rays and CT scans.

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Russian Gold-Backed Crypto Slams the Global US Dollar Standard




By CCN Markets: Russia is continuing to explore the possibility of a gold-backed cryptocurrency for use as a cross-border settlement alternative with other countries.

Under heavy sanctions from the US, the potential of a value-pegged cryptocurrency could help Russia escape from the usage of the Dollar as a currency standard.

Russia’s State Duma member Vladimir Gutenev proposed the creation of this digital asset. He suggested the tying of the value to gold would alleviate issues found in cryptocurrencies, and that this offering would be likened to a stable coin.

Breaking US Dollar bonds

Russia has honed in on gold reserves as a way to fight the US Dollar hegemony already. Boosting such reserves allows them to diversify foreign exchange and reduce reliance on the US dollar. It has, of late, been part of Russia’s national policy.

The central bank reported in May that their gold holdings amounted to nearly $492 billion.

The possibility of tokenizing and digitizing their stores would give them a lot more freedom and power with the value of their gold reserves. However, cryptocurrencies launched by the central bank are still being met with resistance.

The head of the Central Bank of Russia (CBR) Elvira Nabiullina said: “As for mutual settlements, we will consider, of course, a proposal on a cryptocurrency that is tied to gold. But, in my opinion, it is more important to develop settlements in national currencies.”

Crypto the answer

Nabiullina explains that the CBR is still unsure of cryptocurrencies being launched into Russia’s monetary system, but the idea of a volatility-free digital asset is more inviting.

“The CBR, in principle, is opposed to cryptocurrencies being launched into our monetary system. We do not see the possibility that cryptocurrencies fulfill the function of monetary surrogates,” Nabiullina said.

She added:

“We have prepared an analytical report and will soon present it which will analyze what cryptocurrency is, what is happening in the world, what approaches different countries to have, and what regulation is envisaged. And, if the phenomenon of cryptocurrency in any perspective may cause risks to our macroeconomic stability, we need to understand that.”

She did add, however, that the regulator could study the possibility of creating stablecoins while there is a real asset behind their provision. This is Gutenev’s point; having a gold-backed cryptocurrency would alleviate volatility concerns, and tap into a powerhouse of wealth for the Russians.

Big boost for Russia

Currently, Russia is under significant sanctions from the US, and more so, suffers at the hands of the global US dollar standard. Trading done with other countries can potentially also be hampered because of the close reliance on the US dollar.

If Russia can successfully launch a gold-backed cryptocurrency, they will be able to liquefy their massive reserves and trade more freely across the border. Moreso, they could start shifting the needle away from the Dollar and towards their asset-backed currency, globally.

This post was last modified on 16/06/2019 08:48

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Luxembourg University Postdoc: Central Bank Digital Currencies Too Attractive to Ignore



The thought of issuing a central bank digital currency (CBDC) is simply too horny to forget about, a postdoctoral researcher from the University of Luxembourg wrote in a find out about. The analysis was once shared by way of the Oxford Business Law Blog on Friday, Feb. 22.

Hossein Nabilou, a postdoctoral researcher on the Faculty of Law, Economics, and Finance of the University of Luxembourg, introduced his findings in a find out about entitled “Central Bank Digital Currencies: Preliminary Legal Observations.” The record inquisitive about attainable demanding situations that launching a CBDC may reason for the European Central Bank (ECB).

According to Nabilou, cryptocurrencies have considerably impacted the banking sector. He writes how their capability, very similar to cash issued by way of a central financial institution, first drew banks’ consideration. Banks had been additionally preoccupied with the concept that cryptocurrencies may spoil their monopoly on controlling the stream of cash and affect the stableness of present monetary methods, Nabilou believes.

Thus, CBDCs can also be handled as a coverage reaction to the rising acclaim for cryptocurrencies, he continues. Despite the existing scepticism in opposition to crypto and several other failed makes an attempt to release a state-backed coin, such because the Venezuelan Petro, central banks are actively studying the generation in the back of virtual currencies. Some of them also have the potential of launching a CBDC of their schedule, the researcher writes.

However, if the ECB launches a virtual forex, it will result in banking disintermediation, Nabilou continues. Customers gets direct get admission to to the central financial institution’s stability sheets, and in consequence there will probably be no reason why for them to carry balances inside a industrial financial institution, which may result in general banking sector instability.

Moreover, this kind of transfer would centralize the credit score allocation and undermine the primary of an open marketplace economic system with loose festival, violating the constitutional constraints set by way of the EU. For the ones causes, the ECB is not going to factor a CBDC except the suitable laws are offered, Nabilou concludes.

Venezuela was once probably the most first nations to release a state-backed coin in 2018. Despite the efforts taken by way of the federal government, the Petro has seemingly failed to lend a hand bail out the rustic’s economic system. Several banks in Iran have additionally supported a gold-backed virtual forex dubbed PayMon, whilst Egypt is still considering a chance of launching a CBDC.

Some central financial institution officers have publicly shared Nabilou’s view on CBDCs. For example, South Korea’s central financial institution has recently issued a caution over CBDCs, pointing out that they’d lead to mass withdrawals of budget from non-public establishments, squeezing liquidity and pushing up rates of interest.

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Principality of Andorra to Implement Blockchain Tech for Digitizing Academic Degrees



The executive of Andorra will enforce blockchain era within the nation’s upper education machine, Spanish-language information outlet EuropaPress reported on Feb. 21.

The Principality of Andorra, a sovereign landlocked state at the Iberian Peninsula, will digitize nationwide upper schooling through imposing blockchain era for storing all educational levels.

The initiative is geared toward making a extra protected registry processes, EuropaPress stories. Academic levels recorded by way of blockchain tech can’t be eradicated or changed, and the tech will even permit for the aid of “administrative expenses derived from the current analogue process,” the object notes.

The get admission to to the blockchain is to be supplied through Andorra Telecom, the nationwide telecom corporate, which is answerable for the distribution of virtual terrestrial and radio broadcast services and products within the Principality of Andorra.

Europa Press additionally states that blockchain tech would permit for more straightforward get admission to to raised schooling:

“It opens the possibility that in the future the Hague Apostille in the recognition of titles at an international level will not be necessary.”

The Hague Apostille is a certificates by which a file issued in one of the vital signatory international locations can also be qualified for criminal functions in the entire different signatory states.

As Cointelegraph reported the day before today, the Maltese executive signed a two-year contract with a tool corporate to retailer all tutorial certificate, together with secondary faculty certificate issued through the state, church and unbiased faculties, with blockchain era.

Earlier this month, the Russian Federal Service for Supervision within the Sphere of Education and Science introduced plans to enforce blockchain era within the nation’s primary commencement exam beginning this yr, as Cointelegraph wrote on Feb. 5.

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