Aragon (ANT) is a cryptocurrency token generated on the Ethereum blockchain.

Current Aragon price is $ 3.05 moved up to +5.27% for the last 24 hours.

All time high (ATH) price of Aragon reached $ 10.67 on 26 Aug 2020 and fallen -71.4% from it.

Aragon's share of the entire cryptocurrency market is 0.01% with the market capitalization of $ 105.58 Millions.

Aragon’s 24 trading volume is $ 6.72 Millions. It is trading on 40 markets and 25 Exchanges the most active of them is Bit-Z.

Find more details about Aragon cryptocurrency at the official website and on the block explorer.

Home Coin Analysis Cryptocurrency Review: Analysis on Aragon This analysison Aragon (ANT) was first published in our FB Group called, MasterThe Crypto: Advanced Cryptocurrency Knowledge onthe 23rd of August 2017. At the time of publication, it was trading near USD $2.50, and is currently trading at USD $3. Embed this image on your site!Cryptocurrency Review: Analysis on AragonPowered by Master The CryptoClose What is Aragon? Aragon is a decentralized management platform built on Ethereum that allows anyone to create and manage organisations. More specifically, you can build Decentralised Autonomous Organisations (DAOs) complete with basic features of an organization like a cap table management, token transfers, voting, role assignments, payroll, fundraising, and accounting. Basically, Aragon wants to dis-intermediate (remove intermediaries within the traditional organizational setting). And the best part is that their platform aims to be extremely easy to use for non-coders. (See also:A Guide To Fundamental Analysis For Cryptocurrencies) Unique Differentiator Decentralized arbitration The platform will feature a decentralized court mechanism to settle disputes, which aims to solve human-related problems which arise during DAO governance.(i.e. disputes between 2 parties). ANT token holders get to vote on basic rules the arbitration system will adhere to, thereby leveraging on its network effects. Upgradeability A central concept to upgradeability in blockchain is modularity. Aragon recognizes that different organization may have different needs, and in order to cater to custom-requirements, theyve built Aragon as a modular system that allows additional functionalities to be developed on top of Aragon platform. Simplicity More importantly, Aragons platform will not require technical coding skills for anyone to create smart contracts for their DAOS, thereby simplifying the entire process. This simplification is whats powerful; it has the potential to precipitate mass adoption of the tech. Utility of ANT Tokens Unlike many projects that leverages blockchain as a secondary component, Aragon uses blockchain to actualize a potentially game-changing idea; decentralizing how organisations, at a micro level (say trade between me and you), function by breaking down the intermediary elements. Not only does it bring a greater level of efficiency, transparency and reduction of costs, but at a deeper level, its an ideological goal. (Read also:Beginners Guide to ICO Investing: How to Participate in ICOs) The ANT token will be used to govern each aspect of its functioning of the Aragon Network by allowing token holders to have voting rights & access rights. Its circulating supply is at 33,605,167 ANT while its total supply will stand at 39,609,523. Aragon employs a Continuous Token Model, whereby ANT tokens will continue to be minted by the AN following ICO and network deployment sometimes in 2018. The total supply will be constant only until the AN (Aragon Network) is deployed. From then on, ANG (AN governance) will decide the monetary policy and inflation rate going forward. (See more:Coins, Tokens & Altcoins: Whats the Difference?) Embed this image on your site!Cryptocurrency Review: Analysis on AragonPowered by Master The CryptoClose Team The Aragon team is headed by Luis Cuende and Jorge Izquierdo. Luis was listed in Forbes 30 Under 30 and MIT Tech review, which represents a great accolade. He founded Stampery, a time-stamping project in the Blockchain ecosystem. His has experience working with the likes of the Estonian government, Microsoft and Telefonica. Jorge on the other hand is also a tech prodigy. Having created various popular applications, with accolades ranging from receiving a Thiel fellowship and a WWDC scholarship by Apple at a tender age of 15 as one of the most promising young app developers. (Read also:Guide on Identifying Scam Coins) Embed this image on your site!Cryptocurrency Review: Analysis on AragonPowered by Master The CryptoClose Aragon has a high degree of professionalism, with timely developer updates, adherence to their timeline and communicating relevant information through their official slack channel. Advisors The advisors are well-known blockchain world entrepreneurs, which include Jake Brukhman, co-founder of CoinFund, Kenny Rowe, COO of Dai Foundation, Brayton Williams, founding partner at Boost VC. Its quite an impressive list. Traction Aragons Token Sale raised $25 Million in 15 Minutes, which is a testament to the potential of their vision. Since February, the number of Aragon organizations deployed to theirtestnet has grown from 130 to more than 770! In addition, the Aragon Slack channel now comprises over 500 community members and the platform is available for Linux, MacOS, Windows and web browsers. Competitors Embed this image on your site!Cryptocurrency Review: Analysis on AragonPowered by Master The CryptoCloseOtonomos: The Otonomos project incorporates legal entities online in a given number of jurisdictions. Aragon is legal-entity agnostic as the team puts it; Its not linked to any specific jurisdictions and is to be used by organizations regardless of their legal status. Embed this image on your site!Cryptocurrency Review: Analysis on AragonPowered by Master The CryptoCloseBoardroom: Aragon is a product-focused company that offers corporate governance solutions, while Boardroom is researching governance solutions with a broader focus Road-Map 1) Initial Release: Released the private Alpha (MAC OS) on Feb before their ICO on May, with great reviews on user experience. Covers basic functionalities for organisations 2) Public Alpha: Released to the public on the following month in March, with a focus on user interface styling 3) Governance Release: Released in April and focuses on the interoperability with other ERC-20 tokens within the ANT ecosystem (See also:Guide to Cryptocurrency Wallets: Opening a MyEtherWallet (MEW) Embed this image on your site!Cryptocurrency Review: Analysis on AragonPowered by Master The CryptoClose 4) Money Release: Expected to be released on Nov-Dec. A major developmental upgrade since the first Mainnet Aragon organizations to be deployed will use this version of the contracts at the end of the year 5) Modular Release: Expected release by Dec as well, with a focus on enhancing its modularity and second layer protocol for APIs 6) Upgradeable Release: Expected release on Feb 2018, with a focus on upgradeability within Ethereum blockchain (See also:Whats the Difference Between Ethereum and Ethereum Classic?) 7) Network Release: Expected release on May 2018 with a focus on Basic network-wide governance, ANT token minting and Integrate upgradeability 8) The Court Release: Deployment to the main net on Q4 2018 with a focus on the establishment of the Aragon jurisdiction 9) Unknown Release: UNKNOWN Possible Issue Technical implementation for some future components still needs to be found (e.g. for a decentralized arbitrage system), and the full source code is not published yet. (See also:Dangers in Cryptocurrency Investing) Technical Analysis Embed this image on your site!Cryptocurrency Review: Analysis on AragonPowered by Master The CryptoClose Aragons price hasnt been performing very well, currently testing the support at 0.0006. It has been consolidating at that resistance line for weeks, and is poised to break out towards the upside after the resistance trendline is broken. MACD looks like ins venturing into the positive side, while the RSI looks to be neutral. An increase in volume could potentially shoot Aragons price upwards, and after months of consolidation, the next push can be big. Summary A young team with a great vision of not only what theyre building, but also the direction of the ecosystem. Their pragmatic vision and foresight is substantiated by Aragons core components of integrating an arbitration jurisdiction, as well as building a modular platform. If they live up to their development plans, there is great potential for them to shape the DAO ecosystem in the future. Verdict: Great Long-Term Hold You might also be interested in Cryptocurrency Review: Analysis on Factom This represents the writers personal opinions and does not in any way- constitute a recommendation of an investment or financial advice. Please assume caution when investing in cryptocurrencies and do so at your own risk, as it is extremely volatile and you can lose your money. Enroll in our Free Cryptocurrency Webinar now to learn everything you need to know about crypto investing. Get our exclusive e-book which will guide you on the step-by-step process to get started with making money via Cryptocurrency investments! You can also join our Facebook group at Master The Crypto: Advanced Cryptocurrency Knowledge to ask any questions regarding cryptos! References Aragons White Paper Aragons Development Roadmap FB Comments For Wp: http://www.vivacityinfotech.com Comments comments

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich NietzscheWhat happens when two cryptocurrencies try to accomplish the same goal? Wings (WINGS) and Aragon (ANT) are trying to answer that question.To explain, Wings and Aragon are building blockchain platforms for the creation and management of decentralized autonomous organizations (DAOs). Essentially, a DAO is an organization administered by a decentralized app (DApp). oth Wings (WINGS) and Aragon (ANT) are DAO building solutions. In detail, both allow you to build a networked, decentralized organization on the blockchain. All the recordkeeping, fundraising, governance, finance, payments, and administration of the DAO will be handled in the blockchain.A key difference between Wings (WINGS) and Aragon (ANT) is that Aragon claims to be the “world’s first digital jurisdiction.” I imagine that means Aragon DAOs operate beyond any government’s legal jurisdiction.However, I do not think the digital jurisdiction is legally possible or enforceable. To explain, the laws of the countries they live in will govern Aragon users. Hence, some government will regulate any Aragon transaction a person makes.On the other hand, this could lead to a legal nightmare if several people in several countries with different laws are taking part in a DAO. A related problem is that different countries use divergent legal systems.For instance, English-speaking countries operate under common law based on historic legal precedent. Conversely, nations like China and France have national legal codes usually based on France’s Code de Napoleon. Instead of simplifying DAO governance, Wings (WINGS) and Aragon (ANT) could complicate it. For instance, what court will adjudicate a legal dispute over ownership of a DAO between citizens of several countries?Another difference between Wings (WINGS) and Aragon (ANT) is that Wings adds DAOs to existing or new blockchain platforms. For example, Wings’ website lists DAOS for a wide variety of blockchain schemes including Ethereum (ETH).An interesting twist at Wings, is that Wings itself functions as a prediction market for blockchain products. For instance, a person can forecast the success or failure of a project through Wings’ website.In addition, Wings lets members of its community function as analysts making predictions about the projects listed.  For instance, it is possible for anybody to test a project at Wings. Moreover, Wings lets developers start projects and fund them through its marketplace. In contrast, Aragon offers a toolkit for construction of DAOs and a network for DAOs to operate in. For instance, it is the Aragon Network that deliberately functions as an “independent jurisdiction.”However, the Aragon Network functions as a self-governing community offering such services as dispute jurisdiction. Hence, the Aragon Network can take the place of governments. In addition, users can build Aragon DAOs with the aragonSDK (software development kit). Plus the Aragon Nest grants program will fund the system through individual donations.I have to wonder why Wings (WINGS) and Aragon (ANT) are offering cryptocurrencies. To clarify, these organizations are really selling services; DAO building and maintenance. I have to wonder why they do not sell the services directly for Ethereum (ETH), Bitcoin (BTC), EOS (EOS), or fiat currency.If the services are good, people will pay for them. Moreover, not having a cryptocurrency will simplify payments and administration. Plus, Wings and Aragon could redirect the resources used to build and maintain the altcoins to improving their core businesses.Hence, creating a cryptocurrency to fund a software development seems like a bad business model. Perhaps the Wings (WINGS) and Aragon (ANT) teams should concentrate on DAO building and leave the payments to somebody else.After all, Microsoft (NASDAQ: MSFT), Oracle (NYSE: ORC), and GitHub do not offer their own currencies. Instead, those build or distribute the software and let somebody else take care of payments.Under these circumstances, a smart business could be a cryptocurrency payment solution for blockchain software services. Instead of creating their own cryptocurrencies blockchain developers will sell their products through a platform for Bitcoin (BTC), Ethereum (ETH), or EOS (EOS).  An advantage to not offering a cryptocurrency is that a developer could ignore dilemmas like the blockchain scalability problem. Instead, the developer lets the brains at EOS or the Raiden Network worry about that headache.Finally, I think Ant and Wings developers should concentrate on marketing their core product; DAO-building kits, and ignore the whole problem of cryptocurrency. I have to wonder why blockchain developers keep trying to reinvent the wheel.Coinmarketcap ranked Wings (WINGS) as the 277th most valuable cryptocurrency on 27 December 2018. Notably, Wings (WINGS) had a Market Capitalization of $7.294 million, and a Coin Price of 7.6¢ on 27 December 2018. In addition, Wings had a 24-Hour Market Volume of $428,674 on the same day. Wings achieved those numbers on a Circulating Supply of 95.912 million WINGS and a Total Supply of 100 million WINGS.Thus, Wings is a fairly priced cryptocurrency, however, its present value is theoretical.Interestingly, Aragon (ANT) has more market value than Wings (WINGS). For instance, Coinmarket cap listed Aragon as the 191st ranked cryptocurrency on 27 December 2018.Moreover, Aragon had a Coin Price of 43.2¢ and a Market Capitalization of $12.616 million on the same day. Aragon also achieved a 24-Hour Market Volume of $94,474 on the same day. There was a Circulating Supply of 29.177 million ANT and a Total Supply of 39.610 million ANT on 27 December 2018. Hence, Aragon has more market value than Wings largely because it seems to have more street credit. On the other hand, neither cryptocurrency is demonstrating real value.To explain, Wings or Aragon could achieve real value by making money selling DAO solutions. My suggestion is for speculators to stay away from both Wings (WINGS) and Aragon (ANT) until they show they can make money with DAOs. Backing a cryptocurrency with an unproven piece of technology is a poor business plan.  Wings (WINGS) and Aragon (ANT) would be better off marketing DAO solutions than peddling questionable cryptocurrencies. For instance, they might be better off selling DAO SDKs through GitHub than marketing cryptocurrencies.I think there will be a huge market for DAO solutions in a few years. On the other hand, I doubt there will be a large market for either WINGS or ANT as cryptocurrencies. 

Badger DAO is a decentralized autonomous organization (DAO) founded for the sole purpose of promoting the usage of tokenized Bitcoin as collateral in DeFi protocols.

Bitcoin is the world’s largest cryptocurrency by market cap and liquidity. It’s a claimant for the title of “sound money”, which makes it extremely valuable as a form of collateral. This collateral is useful for decentralized finance (DEFI) protocols, which exists almost exclusively on the Ethereum blockchain. Now, BTC in its native form isn’t useful in complex DeFi applications, due to its rigid design.

However, Ethereum is a highly programmable blockchain, so there’s a way to wrap these BTCs and bring them on-chain, which opens up a world of opportunities. Instead of lying idle in a wallet, BTC holders can bring their assets to Ethereum-based DeFi to earn yield. But, before Badger DAO, there were few protocols (like Wrapped BTC) dedicated especially for the wrapping of Bitcoin assets.

Badger DAO is a community-run project with a strong focus on token distribution fairness and decentralization. It was launched in September of 2020 and introduced a Medium post to the world. The distribution was majorly carried out by retroactive airdrops from users who previously interacted with DeFi protocols governance, minted tokenized Bitcoin variants, and donated to Gitcoin.

The code was audited pre-launch and the founders maintain proper rewards for themselves, ensuring long term alignment with the success of the project through proper incentivization. Badger DAO’s founder is Chris Spadafora and the rest of the publicly known team is composed of community members. 

Badger DAO, as the name implies, is a decentralized autonomous organization founded for the sole purpose of promoting the usage of tokenized Bitcoin as collateral in DeFi protocols. It aims to develop products and strengthen the existing DEFI connections to Bitcoin collateral. Since it’s a DAO, it features decentralized governance which ensures incentivized participation and fair opportunity to all users. 

The way it’s supposed to work is that the community proposes ideas, which are then presented to a voting-based system. If approved, the DAO develops, funds, and markets the project or implementation of the idea through its treasury and developer resources, up to the point of completion. The proposal system is open to anyone without any restrictions. 

The native token of the platform is BADGER, an Ethereum ERC-20 standard token that is used for protocol governance and user incentivization. The BADGER token, like Bitcoin, has a total supply of 21 million but has an inflationary nature, meaning that the total supply is capped but gradually released into circulation. The team strictly mentions in the blog post that it has no monetary value, except what the free market would determine it to possess. A large part of the supply is controlled by the DAO to be utilized based on governance decisions.

The mint function has been burned already, so it’s not possible to increase the total supply further. There was no seed round or presale conducted for the token, also the team didn’t provide any liquidity to any of the exchanges. The founder and team rewards are time-locked and there is a mechanism to release as per community wishes based on the performance and as a bonus.

Sett is the first Badger DAO product featuring DeFi aggregation and automatic yield optimization on tokenized Bitcoin products. According to the documentation, it’s based on the Yearn vaults system, where users deposit their assets and the smart contract rotates them automatically to find the best yield, without much intervention needed from the users. The rewards increase proportionately to the time a user stakes the assets. 

They make use of primarily Curve strategies involving renBTC, tBTC, sBTC, and wBTC. Apart from those, there are several native farming strategies also employed by the protocol. There are additional plans for native unwrapped BTC deposits, single vaults with multi-strategy variations, more compounding strategies, impermanent loss mitigation, BTC neutral strategies, rebasing management, etc.

The second product of the Badger DAO ecosystem is a rebasing token called Digg. It essentially rebases itself to Bitcoin’s current price, every 24 hours. It’s a non-custodial synthetic version of Bitcoin, tracking the BTCUSD feed. Each wallet receives more tokens, in case the BTC price increases and vice versa. It’s aim is to create a decentralized pegged token without relying on third parties. 

The governance of the Badger DAO is powered by Aragon, a decentralized court service. It relies on community consensus and control over smart contracts to execute actions and further its cause. The community and token holders are responsible for determining the direction of the project and altering its course if needed. The decisions made are binding and apply to the whole project without exceptions.

Similar to almost all DeFi protocols, Badger DAO has a thriving liquidity mining program, which incentivizes users to contribute liquidity to the smart contracts, in exchange for receiving the governance token BADGER and Bitcoin-pegged DIGG token. There is also a developer liquidity mining program, which rewards the development with the project’s tokens. This is in addition to the Gitcoin donations rewards for people contributing to the promotion and development of open-source software. The emission schedule and rate is controlled directly by the DAO.

BAdger DAO has also introduced a bBadger token granted in lieu of staking Badger tokens on the platform. Through the introduction of this token, the Badger staking has become entirely composable to be used in different DeFi protocols. The rewards will be distributed in this new token also and will be auto-compounding. 

It will achieve two aims:

The tokenized Bitcoin on the Ethereum blockchain has been steadily rising and forms a substantial portion of the circulating BTC supply. These assets are essentially idle on their blockchain and paying fees in gas on the Ethereum blockchain, directly benefiting the ecosystem. The drive for bringing BTCs to the Ethereum blockchain seems to be fueled by new interesting DeFi use cases, especially the ability to earn yield on otherwise idle assets. 

Badger DAO directly benefits from the tokenization of Bitcoin on the Ethereum blockchain, since users are likely to bring their assets to this platform because of its specialized nature in dealing with them. Further, the price increase in the underlying BTCs also increases the Total Value Locked (TVL) of the treasury. It’s expected that Badger DAO will benefit long term from this massive demand for Bitcoin collateral in DeFi protocols.

Badger DAO is a powerful initiative to provide a home to Bitcoin-based collateral on the Ethereum blockchain and an effort to create specialized products just for that purpose. In essence, it’s a way of overcoming shortcomings and limitations of the Bitcoin base layer, by wrapping it to a more useful form, composing it in different protocols, and making it profitable through yield farming.

DeFi protocols have been gaining popularity lately and the current market is worth tens of billions of USD, with no signs of stopping. Inarguably, the importance of Badger DAO will increase in the coming days with assets flowing to these finance primitives, which will form the backbone of this new financial system with Bitcoin as its center.

By Gertrude Chavez-Dreyfuss

NEW YORK (Reuters) – Ethereum, the second largest cryptocurrency in terms of market capitalization and volume, hit a record high on Thursday, lifted by growing institutional interest in the space, and more than a week after its futures were launched on the Chicago Mercantile Exchange.

The virtual currency reached an all-time peak of $1,938 and was last up 4.6% at $1,936.94.

The CME last week launched futures on ether, the digital currency or token that facilitates transactions on the ethereum blockchain. In the crypto world, the terms ether and ethereum have become interchangeable.

Increasing institutional participation in cryptocurrencies also propelled bitcoin, the largest and most popular crypto asset, to an all-time peak of $52,640 on Wednesday.

“Ethereum is really undervalued, and I believe it has been … due to its more complex narrative,” said Luis Cuende, co-founder of Aragon, a decentralized application on the ethereum blockchain.

“A global computing network for Web3 (internet 3.0) is extremely exciting and new. I would say over the next three months, we could see ethereum hit $2,500.”

Bitcoin, on the other hand, is currently in consolidation mode after hitting a record high. It was last down 0.3% at $52,000. Among the mainstream investors and companies that have recently jumped on bitcoin’s bandwagon were Tesla, Mastercard, and BNY Mellon.

Jeffrey Gundlach, the billionaire chief executive of investment firm DoubleLine Capital, is the latest of the traditional investors who seemed to have a change of heart on bitcoin. He said in a tweet on Thursday that bitcoin may be the stimulus asset, not gold, adding that “lots of liquid poured into a funnel creates a torrent.”

Last month, Gundlach said he was neutral on bitcoin due to its volatility, which was a downgrade of his outlook from overweight.

Another beneficiary of bitcoin’s climb as a mainstream asset was the surge in trading volume for Purpose Bitcoin ETF, the world’s first bitcoin exchange traded fund, which was approved by Canadian regulators. Purpose started trading on Thursday.

More than C$80 million of Purpose were traded in the first few hours after its launch. By comparison, volume for the Bitcoin Fund, a closed-end investment fund, was about C$30 million.

CME data, meanwhile, showed nearly 1,900 ETH futures contracts were traded for the first five days after last week’s launch or about 92,800 ether, equivalent to roughly $160 million.

Around 27% of volume came from outside the United States and more than 33% traded during non-U.S. trading hours.

(1 U.S. dollar = C$1.2698)

(Reporting by Gertrude Chavez-Dreyfuss; Additional reporting by Fergal Smith in Toronto; Editing by Steve Orlofsky)

By Shivani Kumaresan and Amal S

(Reuters) – The FTSE 100 was muted on Friday as a bigger-than-expected drop in January retail sales underscored the business damage from a prolonged nationwide lockdown, while NatWest group fell after swinging to an annual loss.

The commodity-heavy FTSE 100 was flat as gains in miners Anglo American, Rio Tinto and BHP Group capped losses.

Oil producers BP and Royal Dutch Shell fell 1.2% and 0.5%, respectively as crude prices slid.

Data on Friday showed British retail sales tumbled much more than expected in January as non-essential shops went back into coronavirus lockdowns. Flash readings of business activity data, due at 0930 GMT, are likely to show the services sector struggling to return to growth in February.

“The 8.2% fall was considerably higher than we’d expected (around 4%), and provides clear evidence the hit to consumer spending is noticeably larger than it was during the November restrictions,” said James Smith, market economist at ING.

He added focus will now be on UK’s COVID-19 vaccination program and easing of restrictions, to drive economic recovery.

The FTSE 100 has recovered nearly 35% from its March 2020 lows but has been largely range-bound since the beginning of this year as a nationwide lockdown hurt business activity, undermining hopes of economic growth in the second half of the year.

The domestically-focused mid-cap FTSE 250 index rose 0.2%, with consumer and industrials stocks leading gains.

NatWest fell 0.6% after the financial services provider swung to a full-year loss for 2020 after COVID-19 lockdowns crunched household spending.

Segro Plc rose 1.7% after the real estate investment trust reported a near 11% jump in annual profit for 2020.

Banking group TBC Bank fell 2.3% after a slump in annual underlying profit due to lower interest rates and limited lending growth in the fourth quarter from the COVID-19 pandemic.

(Reporting by Shivani Kumaresan and Amal S in Bengaluru; Editing by Vinay Dwivedi and Krishna Chandra Eluri)

By Tommy Wilkes

LONDON (Reuters) – The U.S. dollar slipped further on Friday and the euro rebounded after disappointing U.S. data dented optimism for a speedy recovery from the COVID-19 pandemic, while sterling edged towards the $1.40 mark.

The U.S. currency had been rising as a jump in Treasury yields on the back of the so-called reflation trade encouraged investors back into the greenback.

But an unexpected increase in U.S. weekly jobless claims soured the economic outlook and sent the dollar lower overnight.

On Friday it traded down 0.1% against a basket of currencies, the dollar index now at 90.474.

The string of soft labour data is weighing on the dollar even as other indicators have shown resilience, and as President Joe Biden’s pandemic relief efforts take shape, including a proposed $1.9 trillion spending package.

The euro rose 0.2% to $1.2113. The single currency showed little reaction to German and French flash purchasing manager index data, which unsurprisingly showed a slowdown in activity in January.

Despite the recent rise in U.S. yields, many analysts think they won’t climb too much higher, limiting the benefit for the dollar.

ING analysts said that “the rise in rates will be self-regulating, meaning the dollar need not correct too much higher.”

They see the greenback index trading down to the 90.10 to 91.05 range

Sterling has been the standout performer in 2021 and on Friday rose to $1.3987, an almost three-year high amid Britain’s aggressive vaccination programme.

Given the size of Britain’s vital services sector, analysts say the faster it can reopen the economy the better for the currency.

The dollar bought 105.46 yen, down 0.2% and a continued retreat from the five-month high of 106.225 reached Wednesday.

Many analysts expect the dollar to weaken over the course of the year as it has traditionally done during times of global economic recovery, though it might take some time to develop.

“It looks to me like there’s some exhaustion in that just-straight global reflation theme,” leading the dollar to trend largely sideways for now, said Daniel Been, head of FX at ANZ in Sydney.

(Additional reporting by Kevin Buckland in Tokyo; Editing by Hugh Lawson)

By Stanley White

TOKYO (Reuters) – Bitcoin is an “economic side show” and a poor hedge against a decline in equity prices, analysts at JP Morgan said in a sobering assessment that could undercut the cryptocurrency’s rise to record highs.

Current prices are well above JP Morgan’s estimates of fair value and the mainstream adoption of bitcoin increases its correlation with cyclical assets, which reduces the benefits of diversifying into bitcoin, the investment bank said in a memo.

Bitcoin, the most popular cryptocurrency, last traded at $51,116 on Friday, down from a record high of $52,640 reached on Wednesday. Rival cryptocurrency ether traded near a record of $1,951 reached earlier on Friday.

Bitcoin has surged by 45% so far this month, fuelled by signs it is winning acceptance among mainstream investors and companies, such as Tesla, Mastercard and BNY Mellon, but many observers remain sceptical of the unregulated and highly volatile digital asset.

“Crypto assets continue to rank as the poorest hedge for major drawdowns in equities, with questionable diversification benefits at prices so far above production costs, while correlations with cyclical assets are rising as crypto ownership is mainstreamed,” analysts at JP Morgan said.

Some of bitcoin’s supporters argue that the cryptocurrency is “digital” gold that can hedge against inflation and declines in the dollar.

Based on that logic, bitcoin would need to rise to $146,000 in the long-term for its market capitalisation to equal total private-sector investment in gold via exchange-traded funds or bars and coins, according to JP Morgan.

Tesla’s chief executive Elon Musk said on Thursday that owning bitcoin was only a little better than holding cash. He also defended Tesla’s recent purchase of $1.5 billion of bitcoin, which re-ignited mainstream interest in the digital currency.

(Reporting by Stanley White; Editing by Sam Holmes)

Two weeks from now, token-holders for the Aragon application will put the efficacy of its on-chain governance model to the test.The Aragon project, launched in 2016, is envisioned as a way to offer users the tools to build decentralized organizations that are secured cryptographically and run natively on top of the ethereum blockchain. But starting as early as February of this year, the core developers behind Aragon have expressed interest in launching a version of the app on the Polkadot blockchain network.At the time it was announced, Luis Cuende, CEO of AragonOne – a for-profit entity building Aragon – said that the idea was “very early research” and did not indicate any specific intention to move away from launching their product on ethereum.Now, token holders of Aragon are deciding between two competing Aragon Governance Proposals (AGPs) that will effectively approve or restrict such plans to build the application outside of ethereum. The vote is set to begin on April 25 and last for 48 hours, and the the final results of the voting cycle will be announced April 27 at 16:00 UTC.AGP 42 was submitted by Ameen Soleimani, the CEO of adult entertainment blockchain platform Spankchain. To wit, the proposal is dubbed “Keep Aragon Focused on Ethereum, not Polkadot.”Soleimani’s pitch proposes “to restrict Aragon from spending money on Polkadot development in any way, shape or form” and posits that many Aragon token holders “are significant stakeholders in the ethereum ecosystem” who wish to see Aragon remain strictly focused on ethereum.Conversely, AGP 41, submitted by the Web3Foundation the exact same day as Soleimani’s proposal, would approve the non-profit entity holding all of Aragon’s development funds – known as the Aragon Association – to hedge up to $1.5 million in native Polkadot tokens calls DOTs.“The Aragon Association is seeking the signalling by the community for the approval of closer engagement in technology collaboration and parachain development, as well as in purchasing DOTs to diversify its crypto assets.”At present, the Aragon Association holds roughly $37 million in both crypto and fiat currencies. Their largest holding, worth roughly $33 million, is all held in ethereum’s native cryptocurrency, ether.Executive director of the Aragon Association Stefano Bernardi explained in a post that the organization cannot publicly disclose the price at which the Web3Foundation is offering the sale of DOT tokens. However, should AGP41 be rejected, “the deal that the Aragon Association has the option of entering into is also available to the Association employees and board members” to partake in individually with personal funds.A simple majority vote by Aragon token holders is all that is required to successfully implement either AGP and decide the future roadmap of the project.“I would like to see AGP 42 not to have a lot of support because I really want to see Aragon in many, many chains … I just want Aragon to succeed however it takes and the technology we use is secondary for me. That’s my position on it.”Cuende goes so far in characterizing AGP 42 as a “threat” to the success of Aragon.“If it passes, the first thing I would do is just start drafting my own proposal for the next ballot [in June] basically doing a declaration of independence,” said Cuende to CoinDesk. “I think the fate of our project will be decided by the platform we build upon so having multiple really helps have choice and reclaim your independence as an app or second layer protocol.”At the same time, Cuende highlights that no matter what he thinks, the ultimate decision will lie in the hands of the Aragon token holders who decide how funds are distributed from the Aragon Association.Token holders have “a lot of skin in the game,” Cuende explains, which on Aragon directly translates to governance power. The more ANT tokens a user holds, the greater sway he or she has to influence an AGP vote.Such a plutocratic form of governance, Soleimani tells CoinDesk, runs into problems “if the token holders of Aragon can vote to have Aragon do things not in the Aragon community and team’s best interest but in the token holders of Aragon’s best interest.”“[Aragon] has chosen to be governed by their tokens and in so far as their tokens are held by people who have a lot of ether…it might not make their token holders happy if they then go and build on another platform,” said Soleimani.As such, Soleimani contends that this upcoming voting round for Aragon will be “an important experiment” that illuminates some of the inherent difficulties of a plutocratic form of on-chain governance.The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Ethereum startup Aragon is exploring the possibility of launching the aragonOS platform to create smart contracts on the Polkadot protocol. This was told by the technical director of the startup Jorge Iskierdo, writes CoinDesk. According to him, the additional network will not affect the work of Aragon that started in November 2018 in the Ethereum blockchain. “The idea is to make the majority of aragonOS transactions virtually free and highly optimized,” […] Ethereum startup Aragon is exploring the possibility of launching the aragonOS platform to create smart contracts on the Polkadot protocol. This was told by the technical director of the startup Jorge Iskierdo, writes CoinDesk. According to him, the additional network will not affect the work of Aragon that started in November 2018 in the Ethereum blockchain. “The idea is to make the majority of aragonOS transactions virtually free and highly optimized, ” Iskierdo explained. Meanwhile, the developers of Ethereum suggest that for them this should serve as a wake-up call. “Aragon did not say that they migrate from Ethereum, they are just exploring options. But I think this is a sign of early warning from one of the most important ecosystem of applications on the network. I think we should take it into account, ”said Ethereum developer Lane Rettig. Polkadot is a protocol that provides compatibility between different blockchains. Developed by Ethereum co-founder Gavin Wood, the protocol is positioned as an addition to the Ethereum smart contract platform. Its official launch is scheduled for the third quarter of 2019. Recall that in January the Polkadot team announced plans to hold another ICO in order to raise $ 60 million. Bison Germany Stock Exchange launched a cryptocurrency trading applicationBTC, XRP and ETH are now considered legal money in Wyoming.The head of the World Bank may become a supporter of Bitcoin with the support of TrumpThe situation on the crypto market opens up good prospects for the future of BitcoinInstructions for mining cryptocurrency BEAM – setting up the wallet and pool, calculatorTop 6 Airdrop in February 2019, free distribution of tokens of new projectsUpdating the Ethereum blockchain code against using ASIC miners postponed In the US state of Wyoming last week passed a bill on digital assets, which was submitted to support cryptocurrency and recognition of them as personal property.   The new bill defines crypto assets as digital consumer assets, digital securities and cryptocurrencies. If the bill becomes law, cryptocurrencies such as Ethereum, XRP, EOS and Bitcoin will be subject to the same rules as fiat money. According to Daily Hodl, in Wyoming, 8 bills have been put forward that are designed to support crypto investors. This opens up new opportunities for the crypto industry in 2019. And what do you think about this? Leave your comments below!   The past week was the most active in terms of trading volume in Venezuela – almost 17.1 billion sovereign Bolivars were exchanged for bitcoins. In terms of Bitcoin, trading volume was 1 972 BTC. This is evidenced by the data site CoinDance. In turn, the Venezuelan authorities have issued the “Constitutional Decree on the Integrated System of Cryptocurrency Assets”, which regulates the activities of Bitcoin exchanges and other crypto companies. […] The past week was the most active in terms of trading volume in Venezuela – almost 17.1 billion sovereign Bolivars were exchanged for bitcoins. In terms of Bitcoin, trading volume was 1 972 BTC. This is evidenced by the data site CoinDance. In turn, the Venezuelan authorities have issued the “Constitutional Decree on the Integrated System of Cryptocurrency Assets”, which regulates the activities of Bitcoin exchanges and other crypto companies. "Issue, use or mining of Petro and other cryptocurrencies without the proper permission of the governing body and in violation of other formalities prescribed in this resolution will be punished with a fine of up to $ 18,000," the document says. However, experts say, the decree is unlikely to have a significant impact on p2p-services, such as LocalBitcoins. The attribution of Latin American people to cryptocurrency they explain the difficult economic situation due to sanctions and hyperinflation. Recall that at the end of December 2018, Bitcoin turnover at LocalBitcoins in Venezuela was 1974 BTC. Investment guru called the price at which you can invest in cryptocurrency number 1. Mohamed El-Erian, a senior adviser on macroeconomics of Allianz, is considered one of the most migratory of candidates for the post of head of the World Bank as it writes Bloomberg. His candidacy is also supported by US President Donald Trump. The World Bank under the previous leader, Jim Yoon Kim, has already shown great interest in blockchain and cryptocurrencies. In particular, a publication is posted on the organization’s website, which refers to the great potential of the distributed registry technology in the “transformation” of the global money transfer system. The head of an influential international organization, whose main goal is to reduce poverty in the world, on October 11, 2018, said that Bitcoin has “enormous opportunities”, since "Thanks to technological innovations, the world is ready to make a big step forward in order to abandon the already unproductive principles of the financial markets." The new potential head of the World Bank, Mohammed El-Erian, announced in June 2018 that when Bitcoin prices go down for a level of $ 5,000, this is a good time to invest in this asset. The investment guru also admitted that he invested a small amount in Bitcoins when they left last time below the specified mark. He also noted that there is a steady process of distribution of digital assets in the world. El-Erian, who prior to working at Allianz, was the president of one of the largest investment holdings in the world, PIMCO, is convinced that cryptocurrency is a commodity, not a security or, in the full sense of the word, money. The integration of cryptocurrency into the world of institutional finance will continue, and digital assets will perform some of the functions of money, in particular, savings. Publication date 04.02.2019 Share this material on social networks and leave your opinion in the comments below. Cardano (ADA): cryptocurrency may fall below $ 0.076 reasons for the growth of cryptocurrency until the end of 2018The number of blockchain companies in Switzerland and Liechtenstein over the last year increased by 20%Bitcoin SV takes off to the 7th place in the CoinMarketCap ratingTone Weiss: Tether will inevitably cease to exist, and bitcoin-ETF will provoke speculationAnalysis of cryptocurrency prices: in the field of view, breakdown of the lower boundariesCryptocurrency Circle (USDC) passed the audit checkIn France, a cryptocurrency GJCO appeared free from central banks and the government

The token holders of Aragon (ANT) have recently decided to restrict how much money was being used as development funds in order to support the creation of the Polkadot blockchain.Back in 2017, when Aragon had an Initial Coin Offering (ICO), the company was able to raise $25 million USD in order to start its nonprofit project, the Aragon Association. The Ethereum-based project is focused on creating tools and apps for decentralized companies.The token holders of this network have voting rights when it comes to deciding how to use the funds that were gathered by the company, so votes are made from time to time. During a recent vote, the token holders decided whether to diversify their investments by using $1.5 million USD to buy DOT tokens, which would be used to fund the development of Polkadot.According to the CEO of Aragon One, Luis Cuende, the DOT token price cannot be disclosed to the public at the moment for some legal reasons, but Polkadot is reporting to be seeking $60 million USD. The company was already able to get $145 million USD during its ICO in 2017.One of the main problems faced by Polkadot within the Ethereum community is that the project is often seen as a competitor of the Ethereum mainnet. In fact, a developer commented positively on the speed of the project recently and he was so criticized that he had to leave the community.Another proposal, which was made by the CEO of Spankchain, Ameen Soleimani, proposed to restrict the development of Aragon to the Ethereum network only.The Aragon Governance Proposal 41 (AGP 41), which was about all these issues, was voted this weekend. In the end, ANT token holders rejected all the proposals. Polkadot lost with a total of 92% of the votes against it. The proposal to only develop in ETH was barred with 68.7% of the votes.Only 4.8% of the network participated in the vote, though, meaning that most people are not being a part of the ecosystem in a meaningful way. According to Cuende, this is far from as high as it should be, so he plans to encourage more participation in the future. Part of this effort will be to vote in an easier way, which could draw more people to do it.However, it was affirmed that the main reason for not voting on investing in Polkadot was not any kind of feeling that the companies could become competitors but a lack of transparency on the price of the DOT tokens, which made the community uneasy.Cuende affirmed that if the prices were public, people would probably vote yes, but the community was not very keen on not knowing how much they would pay for the tokens. He also commented that he felt that the community does not trust the Aragon Association enough in order to make good investments without disclosing the full information.While the community has voted not to buy the tokens, some people in the Aragon Association have affirmed that they are interested in acquiring some of the DOT tokens themselves, so this is not a complete loss for Polkadot, it seems.Cuende also talked about the future of the community. According to him, Aragon One will not explore other blockchains other than the Ethereum network, but he asked other teams to do it. The reasons for sticking with the ETH blockchain is because the team simply do not have the structure to take this responsibility for themselves.In order to create another team and fund it for research, another vote would be needed, though, so the decision is actually up to the community in the end.

The Aragon coin is an exciting new coin built on the promise of making the world a better place. The coin has only been traded since May of this year, but already it has nearly doubled in value, meaning investors clearly see the value in it. This coin, and the creators behind it, see the financial corruption, as well as a centralized financial industry, as a major setback for most of the world, and they aim to change the way currency is stored and spent. Powered by the Ethereum blockchain, the Aragon network claims to be the first community-governed decentralized organization whose mission is to act as an online decentralized court system that isn’t bound by traditional barriers such as national jurisdictions or the borders of a single nation. Users of the Aragon Network make transactions using the Aragon Network Token (ANT) to smoothly operate an organization of their design while removing unnecessary intermediaries and third parties which serve to impose restrictions and regulations, ultimately hindering the organization. They want to modernize the way organizations are run through the integration of their transparent platform. As we progress further into our digital age, the ability for organizations to operate truly independently will be necessary, and that’s what Aragon aims to provide. Currently, Aragon allows any business to integrate the blockchain into their accounting, voting and fundraising, with more features on the way. Aragon was founded Luis Cuende, a new developer who has already been listed on Forbes 30 under 30 list. He is the project lead, and has been the creator of many different technologies already, including the Stampery project, one of many blockchain data verification services. Additionally, he’s contributed to or created over 40 repositories on Github. Cuende is a huge believer in the Ethereum network, and seems to be truly working towards establishing strong, decentralized platforms. Of course, any great lead is supported by a fantastic cast, and Aragon has just that in technology developer Jorge Izquierdo. Izquierdo has made over 1,800 commits on Github in the past year, mostly within the Ethereum blockchain as well. Both head developers are very strongly invested into the Ethereum network and see it as the way to the future they desire, and with such passion behind this project, it is sure to be a success. On the Aragon website, the list of supporters is a list any blockchain startup would dream to have. The first notable supporter is Mihai Alisie, Cofounder of the Ethereum blockchain and founder of AKASHA, a next-generation social network. He was one of the original four developers of the Ethereum network, along with cryptocurrency star Vitalik Buterin. He offers immense value to a new company aiming to use the Ethereum network for their project. Also advising the team is Coinfund cofounder Jake Brukhman. His background is in quantitative analysis with an expertise in computer science makes him a very valuable asset to the team. The team has cited him as vital to the creation of financial incentives for the Aragon network. A third major supporter is Kenny Rowe, cofounder of the Dai foundation and in charge of MakerDAO, one of the top current projects involving governance and transparency. The combination of these three supporters, along with many others, could help set Aragon apart from competitors. One main competitor for Aragon is the tech project BitCAD. BitCAD launched their coin on May 25th of this year, and is a unified operating system for management design and analysis of a business using blockchain technology. BitCAD offers online accounting, online banking and a customer relations management system all hosted on their platform. Like Aragon, they too believe in a decentralized global network for organizations to operate freely. Additionally, BitCAD specializes in the integration of smart contracts, as well as handling disputes internally with the transparency of the blockchain. The drawback for BitCAD is that they’ve had a very hard time getting out of the development stage and into the practical use stage. Their ICO raised $1 million in the first hour, but their coin is still not openly traded. Aragon has a stronger coin, more support, and in my opinion, much more lasting power than BitCAD. Currently, the Aragon coin is valued at $3.56 per token, up well over 100% from when it started trading in May at $1.39. The coin has shown solid growth all year, reaching a market cap of over $114 million currently. For investors, the best news is the daily trade volume, which is over $1 million per day. Approximately 32 million Aragon tokens are available out of the over 39 million total. At its fastest rate, Aragon sold over $7 million dollars’ worth of their token per minute. There is clearly a lot of interest in the coin and the service overall. Aragon is well on its way to completing their roadmap, especially after such a successful first six months of operation. While they don’t list a traditional roadmap like many other projects, they do list a development plan for their project. They plan on continuing to release new products and services until at least 2019, with the end date for updating the service in 2019. Of course, they will continue to work on future developments, but the current outline of the project lasts until 2019. I think for anyone trying to start an organization or business, this platform is a must-use. It is still so young and new, and there is so much potential for growth. The success of Aragon simply cannot be ignored. As we move further into our digital age, decentralized platforms for communication will be desired more and more. At this point, Aragon is easily the best provider of that service, and I highly recommend its use. With more features on the way, it shows promise to become an industry leader soon. By clapping more or less, you can signal to us which stories really stand out. Bitcoin early adopter, hodler, founder of Wes Post | medium.com/wespostdotcom | fb.com/wespostdotcom | instagram.com/wespostdotcom | Follow me @cryptonization

Emerging Markets By Sterlin Lujan - | How to Run Your Own Instance of Mastodon, the Decentralized Twitter Challenger Many people are unhappy with Twitter. Some are looking into a new decentralized “tweeting” platform called Mastodon, which has seen rapid growth this month. People are peeved at Twitter because the company has made some questionable decisions, including altering their interface. It now operates much like Facebook in terms of functionality. This has turned some people off. A Motherboard writer, Sarah Jeong commented, “why does Twitter hate itself?”  Also read: Bitcoin.com Launches Blockchain-Based Notary Page Twitter has also been in the spotlight in regards to how its users treat one another. Allegedly, there has been ton of vitriol spewed. Allegations of racism run rampant. Mastodon has been developed by Eugen Rochko in response to the growing frustration with Twitter and its managerial decisions. Mastodon uses open source, programmatic instances (servers) for users to operate from. Mastodon also boasts longer character statuses; users may post 500 characters instead of 140. Users can also select to post privately among their friends if they desire. A Verge article clarified, “Mastodon, a distributed, open-source version of Twitter, is almost identical to the platform it’s based on, but with key differences: posts can run 500 characters rather than 140, and users can make individual posts private.” Mastodon Decentralization and Node Network Solution Mastodon is fully decentralized. Anyone can start a node and “own” part of the network themselves. Nodes communicate with other nodes on the network. This means that everyone is simultaneously in charge of Mastodon. The fact that it uses peer-2-peer technology also means that users can choose to interact privately with specific users, based on particular node instances. “Each node, being independently run and managed, can be used as a private node, or it can be open to other users, it can block users or feeds, or it can accept feeds. Control is truly placed in the hands of the users, and yet the end result is a truly social network.” To fully enjoy this social network, a user can opt to choose their own instance to register in order to put them in control. The website to gain access to the network is instances.mastodon.xyz. If an individual enjoys working with open source protocols, they can create their own instance on their server, and take advantage of the network this way. However, the primary instance on mastadon.social has strict guidelines for users that access the platform. The company decided to embrace this heavy handed perspective as a result of Twitter’s negative publicity, and many other instances also have guidelines listed under their node info on the instances page. Below is a shortlist of the mastadon.social’s posting guidelines. Most of their rules are understandable and make sense, but some may be off-putting to users who dislike censorship. The following types of content will be removed from the public timeline, and may result in account suspension and revocation of access to the service: Discrimination against gender and sexual minorities, or advocation thereof Xenophobic and/or violent nationalism The following types of content are explicitly disallowed and will result in revocation of access to the service: Content illegal in Germany and/or France, such as holocaust denial or Nazi symbolism Mastodon user interface courtesy of wired.com Mastodon’s Growth and Patreon Funding Campaign Even though the pilot instance has taken a hard line approach to posting guidelines, new users have flocked to the platform because of its distributed nature. Some nodes have seen new users overwhelm the platform, to the point of having to suspend new signups. A telegraph.co.uk article summed up their growth; “Thousands of users have flocked to Mastodon over the past week, prompting Rochko to temporarily bar new sign-ups through the main Mastodon site “until quality of service can be assured for existing users.” The Verge article suggested the application has grown by 73%, to about 41,000 users during the first week of April. This is an astonishing, exponential increase in the user base. This is a good thing for the creator of the platform, Eugen Rothko, since he is funding the account using Patreon as a crowdfunding source. He is currently at $2,971 with 607 devout patrons for the project. This funding amount combined with Mastodons growth, could be an indicator of Mastodon’s future as a decentralized and peer-2-peer twitter rival. Do you think Mastodon can truly rival Twitter? Images courtesy of Shutterstock, knowyourmeme.com, newstatesman.com, and wired.com Need to calculate your bitcoin holdings? Check our tools section. TAGSchatDecentralizationMastodonOpen SourcePeer-to-peerpostingtweetingTwitter Sterlin LujanSterlin Lujan is a journalist, editor, speaker, anarchist, and essayist. He has been involved with cryptocurrency and Bitcoin since 2012. Sterlin is especially interested in the intersection of psychology and cryptography. He has written on behavioral economics in regards to innovative technology, and was one of the first to write about the emerging field of cryptopsychology on bitcoin.com.

February 1, 2019 BitcoinPrice Cryptocurrencies News, How to Buy Bitcoins, What is Bitcoin 0 Ethereum startup Aragon is considering building a second network on the blockchain interoperability protocol known as Polkadot.While the firm stressed that it still intends to launch the Aragon Network on the ethereum blockchain this year, CTO Jorge Izquierdo revealed at its Aracon conference this week that it may additionally launch aragonOS, a framework to build smart contracts, on Polkadot.“The idea is to make most aragonOS transactions almost free and very optimized, so users can seamlessly run [decentralized autonomous organizations] in a cheaper and faster way,” said Aragon CEO Luis Cuende in interview with CoinDesk.Cuende emphasized that the company is still “very bullish on ethereum and its ecosystem,”  adding that “in terms of the Aragon Network, the plans are still to deploy it to ethereum during 2019.”The idea of launching aragonOS on Polkadot is “still very early research,” Cuende said.Indeed, going so far as to add a “speculation disclaimer” to the presentation, Izquierdo highlighted in his slides that “the Aragon Chain is on an early research phase.” Aragon’s exploration of a possible Polkadot network launch will run parallel to its continued research on the coming upgrade to ethereum known as Serenity, he said.Those caveats aside, Aragon’s openness to alternatives to ethereum is seen in some corners as a wake-up call for the world’s second-largest blockchain, which is working to overcome scaling limitations.Ethereum developer Lane Rettig told CoinDesk that he hoped the nascent research project would “light a fire” in the ethereum community to speed up scaling efforts, saying:“Aragon has not said they’re migrating off ethereum, just that they’re exploring options … But I do consider it an early warning sign, from one of the most important app ecosystems on ethereum, and I think we should heed the warning.”Stepping back, Polkadot is designed to coordinate “consensus and transaction delivery” between different blockchains, as stated on the official website.Developed by ethereum co-founder Gavin Wood, the protocol is presently live on a test network. Expected to launch officially near the end of this year, the project also announced Friday that it was looking to raise $60 million through a token sale, following an earlier initial coin offering which raised $145 million.The fast development of the Polkadot network since its inception back in 2016 is seen by some ethereum developers as “an early warning sign … that ethereum risks losing its edge,” Rettig said on Twitter,This sentiment is also echoed in an earlier “Ask Me Anything” Reddit forum about ethereum’s scaling roadmap. The highest ranking question to the research and development team about Serenity – also called ethereum 2.0 – was this:“The Polkadot team has stated their chain might launch by the end of the year. Why should people/devs bother to go to the Beacon or to wait for its full sharding when they can just go to the Parity chain or somewhere else?”Other developers such as Afri Schoedon – release manager for ethereum client Parity – are less convinced there’s a need for concern or worry from the ethereum community at present.“In the end, we will see how application developers embrace the Polkadot network [once launched],” said Schoedon in interview with CoinDesk. “Currently, ethereum has by far the most dapp engineers, but that can change any time with new tooling being available in future.”On the other hand, the team behind Polkadot – overseen by Parity Technologies and the Web3 Foundation – is adamant that their technology is not meant to act as a competitor to ethereum.Jack Platts, director of communications at the Web3 Foundation, told CoinDesk that the protocol should be seen as “complementary” to ethereum. He added:“We at the Web3 Foundation think about these blockchains as being interoperable and of there being many more blockchains in the future than there are in the past.”Adding that the organization is “betting on this multi-chain universe,” Platt highlighted that one of the Web3 Foundation’s present initiatives was funding “the development of ethereum-compatible technologies.”To this end, the foundation announced Tuesday the first recipient of its grants program  – ChainSafe Systems – which, along with building a fully-fleshed out ethereum 2.0 client, is now expected to develop a portion of the Polkadot environment in the programming language Golang.“What we generally do for our clients is implement sidechains and then bridge those sidechains to the ethereum mainnet. What Polkadot does is build a future in which we’re able to do that in a much more optimized way where we’re able to utilize technology that’s been built to do the things that we do every day,” ChainSafe Systems CEO Aidan Hyman told CoinDesk.“I’m personally – beyond this grant – extremely excited to see what Polkadot brings to the future of blockchain.”The amount of the grant to ChainSafe Systems was not publicly disclosed.Bitcoin Price Hits Record Sixth Consecutive Month of LossesCookieMiner Malware Tries to Hack Mac Users’ Cryptocurrency Exchange Accounts, ReportTop Stories This Week Circle Partners With Bitmain For Planned Release Of USD-Backed Stable Coin Circle Internet Financial Ltd. has finished a $110 mln investment round with led by Chinese mining hardware manufacturer Bitmain as […]GBP USD buy limit END 5 wave British Pound/U.S. Dollar FX:GBPUSD tradeproficom Hello friends, waiting for a pound 5 waves and then from her to take a long … good luck to us!Prague-based crypto exchange service Changelly has announced that it helped South Korean exchange platform Bithumb recover 1,063,500 Ripple (XRP) in stolen assets following a massive hack in June, a press-release stated, Oct. 26.    In […] by BitcoinPrice in Cryptocurrencies News 0 Hong Kong-based cryptocurrency exchange Bitfinex notified users in a tweet Saturday, Feb. 9, that it had temporarily gone offline for all users, as crypto markets saw major gains. Initially, the company wrote that the platform […]If understanding how distributed ledger tech works inside banks is complex, finding ways to make different varieties of enterprise blockchains talk to each other is a doozy of a challenge. And yet, that’s exactly what […] Copyright © 2019 | MH Magazine WordPress Theme by MH Themes

News ecosystem Jeremy Nation September 23, 2017 7:00 AMSeptember 23, 2017 7:00 AM0 ShareFacebookTwitterRedditLinkedInCancel Amid increased phishing scams, many blockchain startups are searching for an alternative to Slacks collaboration services platform. On September 22, 2017, several blockchain-based organizations that together boast a market cap of $1 billion, including Aragon, Indorse, Cofound.it, OmiseGO, Streamr, Santiment, FOAM, Auctus, Golem, and Decentraland, announced a unified departure from the messaging platform Slack, due to a melee of phishing scams that have recently been plaguing the development communities. The departing group says the migration is the result of a fundamental incompatibility with public forum development in the Slack environment, which isnt exactly a surprise; Slack is primarily a tool for business environments facilitating inter-office communication. Spearheading the mass egress from Slack is Aragon. "We started the proposal for the migration to an open source messaging platform after realizing that the current situation was unsustainable. Slack was designed for the internal use of projects; Slack lacks the tools necessary to run public-facing communities, including the fundamental features required for projects in the blockchain space. Migration to an open source platform will help us manage and govern our communities more efficiently and securely, said Luis Cuende, co-founder and project lead, Aragon. The situation has worsened considerably with recent Slack updates that remove unique usernames, allowing scammers to easily pose as project members and leaving users with no way of distinguishing fake accounts. The projects that will follow Aragon's lead represent communitiesencompassing at least 45,000 users. Regarding the exodus, a Slack spokesperson told ETHNews: "We are aware that some workspaces operating as open community teams related to cryptocurrency have been targeted with deceptive spam messages. Several of the affected teams have since disabled or deleted access to the offending user accounts. Online scams targeting open communities can be pervasive and we encourage team admins and members to be vigilant, and to review and enforce basic security measures. The culprits of the phishing scams often target individuals with direct messages and may claim to be members of various crypto-development teams offering discounted rates on token offerings, while providing a deceptive wallet address to which assets can be sent. In other prevalent cases, scammers have been known to falsely advertise a MyEtherWallet site address; users follow instructions, log in, and provide their private keys and wallet addresses, allowing their cryptocurrencies to be stolen by the scammers. According to the announcement, $225 million worth of Ether has been associated with Slack phishing scams. On the scamming, Decentraland project lead Ari Meilich said, "Phishing attacks are becoming increasingly pervasive in Slack. It is time for open source projects to migrate towards open source messaging platforms to ensure long-term control over our security." Jan Isakovic, CEO at Cofound.it, also weighed in on the needs of communities. He said: "Crypto communities are very specific. The level of control over the messaging, spam and scams is crucial. Existing tools just do not fit our specific use case. Thats why the project started by Aragon has full support by Cofound.it. We believe that it will be a foundation for a safe and controlled communications channel for all the crypto communities." The team at Aragon has endorsed Rocket.Chat as a suitable platform to host a public facing community, and Vansa Chatikavanij, managing director at OmiseGO, spoke in favor of the move. He said, "Today we are pleased to announce support for the greater crypto communitys migration to a free software communications platform, Rocket.Chat. The Rocket.Chat team has agreed to work with all of us to make the most robust platform possible for our public communitys needs." Chatikavanij added: "We want to be clear that Rocket.Chat is one of many excellent emerging choices for this migration. We look forward to continuing our support for platforms such as Riot.im in the future, which may play an important role in our community as its development continues. Liberally licensed, audit-friendly software is an important key to a free and safe society, and the developers of such software deserve all our support for their often unappreciated work." Some projects like Golem already use Rocket.Chat for internal communication. Golem CCO Marek Osiecimski said, "Now, it's a good time to also use it externally for the good of the large community of over 10,000 Golem supporters." Rocket.Chat seems ready to receive the incoming development teams and the communities that are sure to follow. CEO of Rocket.Chat Gabriel Engel said the company is delighted to welcome Ethereum-based projects to the chat. "Selecting our leading open source collaboration platform will enable projects to take back full control on all aspects of security and data privacy, and reliably implement the pro-active protection measures that are essential to daily operation," said Engel. "Over the next few months, we look forward to working with all projects on improving and adapting Rocket.Chats feature set for the benefit of all cryptocurrency communities." While Aragon and the others have decided that Slack isnt the best option for the public-facing messaging service that their communities depend on, Slack will hardly be rendered useless by the departure. Many private organizations that are unrelated to cryptocurrency-based crowdfunding operations see fit to operate on Slack. The enterprise messaging company recently raised $250 million at a $5 billion valuation from investors that include SoftBank Group Corp, according to a Bloomberg report. Jeremy NationJeremy Nation is a writer living in Los Angeles with interests in technology, human rights, and cuisine.ETHNews is committed to its Editorial PolicyLike what you read? Follow us on Twitter @ETHNews_ to receive the latest Aragon, Slack or other Ethereum ecosystem news. Aragon Slack blockchain startup Slack phishing scam messaging Ether token offering

You may like Trade Recommendation: DASH/ETH Trade Recommendation: Ethereum Week in Review: Cryptocurrency Market Rounds Out Turbulent Quarter with 23% Decline Trade Recommendation: Bitcoin Gold/Ethereum Trade Recommendation: Enjin Coin/Ethereum Trade Recommendation: AirSwap/Ethereum 3 Comments 3 Comments SlavDaddy May 17, 2017 at 9:18 pm Fair warning: Had big hopes for this ICO- Lost out due to metamask not being able to process ahead of private ETH nodes. Lesson learnt and will not be trying to use metamask for ICO purchases again. To those who did manage to get some. Nice. Log in to Reply P. H. Madore May 18, 2017 at 4:30 pm Well, like I often say, this could be a good thing. The value could drop sharply right after and recover over a long period, giving you opportunities to buy in at an even better price. Sorry you had that problem, though! Log in to Reply embersburnbrightly June 6, 2017 at 11:39 pm I just bought a bit of this coin two days ago. Just a small amount. I think I might go ahead and buy a bit more, having now read your review.I see a lot of positive things about the approach being used with this coin, and lots of potential for its uses. I won’t break the bank to invest too heavily; but I will certainly buy some more. Thank you. Log in to Reply You must be logged in to post a comment Login Leave a Reply Cancel replyYou must be logged in to post a comment.

Join our community of 10 000 traders on Hacked.com for just $39 per month. Luis Cuende, co-founder of Aragon, an Ethereum-powered company that raised $25 million in less than 15 minutes in a token sale, is bullish on Ethereum. He said every good Ethereum developer he knows is a millionaire since there is a gold rush to learn Ethereums coding language. Cuende also believes Ethereums price will hit $1,000 in two years. All of this bodes well for Aragon, an Ethereum-based project that seeks to build a more global world where intermediaries and borders dont limit organizations, businesses and individuals. Cuende laid out his plans for Aragon in an interview withSindre Hopland, writing in itnig.net. Three Main User Groups Aragons immediate goal is to be a decentralized transaction platform, Cuende said. There are three main user groups expected to begin using the platform in the fourth quarter. The first will be blockchain projects that use the platform to govern products. The second will be open source project users who contribute to projects and pay with the projects tokens to secure governance over the product being built. Monetization of open source has been challenging, which is what Aragon hopes to change. The third group will be distributed companies that can easily pay employees in Ethereum tokens. Ethereum Soars, But Is Still A Bargain While Ethereums value has soared this year, Cuende doesnt think its costly. When the price was $13 a year back, he thought it was expensive, but today, considering the possibilities the technology creates, he thinks it is cheap. Cryptos are not in a bubble in his view since they remain a small portion of the world economy. In addition, cryptos have not realized their potential yet. One Aragon token, ANT, is worth 0.01 Ether, the equivalent of $2.5 dollars. By the time the network is operating later this summer, the currencys inflation rate will be determined. At the present time, 3,000 to 4,000 people own Aragon tokens. Also read: Ethereum-based Aragon raises $25 million under 15 minutes in record ICO Aragons Opportunity Aragon originally sought to battle patent patrols which impede entrepreneurs. Cuende said he hit a bureaucratic wall in trying to get patents. When Brexit happened and Trump became president, things changed. Cuende called this period a perfect storm since he wanted to unclutter organizations and networks. That was when the current Aragon took shape. Aragon is not about removing public regulation, he said, but finding solutions for those who seek to escape bureaucracy. Blockchain platforms allow people to create more value, be more efficient and create new businesses than using traditional methods. Aragons ICO in mid-May should not be compared to an IPO, he said, since the ICO does not sell shares to investors. The ICO sells tokens that are more similar to API keys, as noted by Balaji S. Srinivasan. Aragon now has an infinite runway, meaning it can have its 10+ team for 100 years, Cuende said. During its token sale, it was the fourth largest crowdfunding in the world. The founders sold 70% of the tokens. Aragon foundation owns 15%, with the balance distributed among employees, advisors and founders. Cuende previously co-founded Stampery, a blockchain identification tool that creates proofs of documents, along with Daniele Levi and Tommasi Prennushi. Draper Associates, Boost VC and Draper Associates are among its supporters. One blockchain expert said there are more people in the space than talented blockchain developers worldwide. Cuende thinks there are even fewer good Ethereum developers, which is why the good ones are all millionaires. But more than money is motivating blockchain developers, according to Cuende. Building a stable coin pegged to global currencies that will follow the euros and dollars value in the markets is an interesting proposition.Cuende said Aragon is integrating these coins later this year, and it will hopefully remove the volatility that crypto suffers from. The company plans to employ 10 to 12 full-time members by years end. Featured image from Shutterstock. Follow us on Telegram. Advertisement

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Thank you for registering to Finance Magnates. Please open the email we sent you and click on the link to verify your account. Aragon, Spanish blockchain startup developing decentralized management platform for organizations, has announced the latest addition to its board of advisors, Mihai Alisie. He joins Aragon’s board soon after the platform’s recent token sale raised $25 million in less than fifteen minutes. Learn how to buy Bitcoin and Ethereum safely with our simple guide! Join our Telegram channel and get all the latest cryptocurrency news directly to your phone! Aragon co-founder and Project Lead Luis Cuende said: “Aragon is honored to announce that Mihai Alisie will be joining the team as an advisor. As one of the original four Ethereum founders, Mihai has been and will continue to be an invaluable contributor to Aragon with his vast experience and limitless knowledge of the ecosystem. We both deeply share our profound interest in the societal implications of decentralization, and you can see that in his work on AKASHA.” Involved in blockchain technology since 2011, Mihai created Bitcoin Magazine in 2011 together with Vitalik Buterin, later joining him as one of the original four Ethereum founders in late 2013. Following the Ethereum pre-sale, Mihai served as Strategic Manager and Vice-President of the Ethereum Foundation until late 2015 when the Ethereum genesis block materialized. Mihai Alisie commented: “The Ethereum dream turned into reality almost two years ago. Today projects like Aragon are taking that original dream further by enabling people from all around the world to create and manage borderless organizations. am excited to be part of Aragon and to provide the best of my knowledge and experience towards empowering humans with new tools for organization at global scale! Let thousand decentralized organizations bloom!” Exclusive: Facebook to Launch its Own Cryptocurrency with Massive ICO Attempts to Sell Massive Amounts of BTC Reported – Mt. Gox Selloff Suspected “Powerful Implications” – Bitcoin Reveals Government Currency Controls