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CurveBlock leading the way in Property Development via the Blockchainjohn kennyBlockedUnblockFollowFollowingApr 22This is a follow up article to Crypto & Real Estate, a Marriage Made in Heaven?. I …
have looked at many and varied crypto/real estate projects, but CurveBlock continues to impress. Opening up an otherwise unobtainable sector to the average investor whilst donating profits to charities is a unique design. Set on disrupting an outdated and rather discriminatory industry, CurveBlock are bringing opportunity to the masses.The idea that ordinary inexperienced people alongside property investment professionals can invest and earn a passive income from the property sector is revolutionary for both the property investment and cryptocurrency space. It has the potential to open new opportunities for all as well as bring in mainstream investment to the cryptocurrency marketactivities confirm the level of trust they are building not only in the crypto-space, but also traditional sectors.Led by their visionary founder & CEO Gary Woodhead, the CurveBlock project is steaming ahead at an impressive rate of knots. The latest developments include:The first Security Token Offering (STO) to be Accelerated by a U.K. Commercial Bank;Addition into the NatWest Bank Accelerator & FinTech Accelerator programs;Proposed addition to the NatWest Bank ScaleUp Accelerator program;Presenting at a private UHNW (ultra high net worth) real estate conference in
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List of All Central Bank Digital Currency and Stablecoin InitiativesSecurity Token AdvisorsFollowJun 15 · 41 min readThe following is a growing list of Central Banks who have started to research …
distributed ledger-based and digital currency technology — otherwise known as Central Bank Digital Currencies or CBDCs.Whether it was the perceived threat of Libra, the growing demand for digital money, or forced digital transformation as a result of Covid-19, Central Banks all around the world have begun initiatives to explore the use and risks of using stablecoins and digital currencies pegged to the central reserve via the country’s native currency. Some look towards distributed ledger and blockchain technology while others shy away. Check out the below list to see which banks are up to what when it comes to launching a CBDC!Currently, we have identified at least 45+ central banks around the world publicly researching payments technology and its applications, with the potential result being the launch of a CBDC that used distributed ledger, blockchain, or existing fintech solutions. A 2020 survey among 66 central banks by the BIS found that a large number of central banks around the world are actively developing retail CBDCs, with a third stating that issuing a retail CBDC was a medium-term possibility. However, the report did not reveal what each central bank’s responses were, making it unclear who was actively exploring a CBDC. So we decided to research all 66 participants (and others) to try and identify public CBDC programs and will continue to look for new announcements and updates as they are revealed and add them to this list.The following list is in alphabetical order by continent and country. This list was last updated on June 15th, 2020.Africa🇪🇬 EgyptStarted Research: Began exploring the value of a CBDC in December 2018.Initial Stance: The central bank of Egypt (CBE) says that a CBDC can help keep issuance and transaction costs to a minimum compared to banknotes.Stage of Research: The central bank is conducting the feasibility studies in cooperation with a number of international financial institutions without disclosing names or specifying whether the anticipated currency would be traded for banks only or between banks and clientsBlockchain Views: Unclear at this time.Targets: The CBE has not announced any target launch dates for a pilot program or updates since the 2018 announcement.🇬🇭 GhanaStarted Research: The Central Bank of Ghana (BoG) created a payment systems department in 2016. They first revealed their intention to explore a CBDC in November of 2019.Initial Stance: The BoG recognized the benefits of wider financial inclusion in the country given the large percentage of the population that is unbanked. As a result, the BoG has been exploring and implementing fintech payment solutions across the board and is setting up a fintech sandbox for private companies to participate in.Stage of Research: The BoG’s deputy governor, Dr. Maxwell Opoku-Afari, restated in June 2020 that they are actively exploring a CBDC solution. No further information about the progress or results is available at this time.Blockchain Views: The BoG is exploring the full spectrum of options and no clear preference for distributed ledger or blockchain technology has been declared.Targets: There have not been any public target dates set by the BoG at this time.🇲🇺 MauritiusStarted Research: The Central Bank of Mauritius (BoM) first began exploring a CBDC in November of 2019.Initial Stance: “We are determined to make our country a leader in the region, where a well-regulated central bank-issued digital currency becomes a reality.” — BoM governor Yandraduth Googoolye in 2019. No further details were shared other than the CBDC will be designed for both retail and wholesale use.Stage of Research: An announcement regarding a formal pilot project is expected sometime in 2020 after the current central bank’s governor Harvesh Seegolam confirmed the project and upcoming announcement.Blockchain Views: Since no formal CBDC project has been announced, it is unclear what the views of BoM are on distributed ledgers and blockchain technology other than a clear expectation that they would be evaluating them in their upcoming pilot.Targets: The BoM is expected to announce a formal pilot program for the CBDC in the coming months.🇷🇼 RwandaStarted Research: The National Bank of Rwanda (NBR), Rwanda’s central bank, announced that it was interested in CBDCs in August of 2019.Initial Stance: The NBR is looking to learn more from other central banks before it develops and rolls out a CBDC in their own region, specifically citing Canada, the Netherlands, and Singapore as countries to follow. “There are still concerns about how exactly you convert the entire currency into digital form, how to distribute that and how fast can you process those transactions. Challenges come in, if technology is down how do you deal with such issues? We will join in once we are ready.” —Peace Masozera Uwase, Financial Stability Director-General.Stage of Research: The NBR has not announced any official CBDC research programs but is actively exploring it internally. John Rwangombwa, the NBR’s governor said in 2020 “Currently, there is nothing in the pipeline and no commitment to issue a digital currency.”Blockchain Views: The NBR has not made clear if they will be using distributed ledgers or blockchain technologies in the CBDC and it is likely that they would follow in the footsteps of the CBDC programs they are watching.Targets: There have not been any public target dates set by the NBR at this time.🇸🇳 SenegalStarted Research: The Banque Centrale des États de l’Afrique de l’Oues (BCEAO) or Central Bank of West African States first officially began research for the use of digital currency in 2016 but was exploring the concept even years earlier.Initial Stance: The BCEAO was researching into CBDCs specifically to be able to promote financial inclusion, greater transparency with controls for the currency, and the digitization of the financial system in West Africa.Stage of Research: The eCFA pilot is produced with technology created by eCurrency Mint Limited, a company that enables central banks to create their own digital fiat currency, designed to be circulated alongside paper money as legal tender and will be distributed via a local bank, Banque Régionale de Marchés (BRM). The pilot was successful and the eCFA remains to be live and functioning. Results of the pilot have not been published by the BCEAO. The BCEAO represents other nations beyond Senegal. If the eCFA is rolled out successfully in Senegal than the CBDC is expected to expand into most of Francophone West Africa Cote d’Ivoire, Benin, Burkina Faso, Mali, Niger, Togo and Lusophone Guinea Bissau.Blockchain Views: The eCFA technology platform does not use distributed ledger or blockchain technology and is a centralized digital currency system that uses mobile wallet and QR code solutions.Targets: No public target dates for future pilots or rollouts have been set by the BCEAO beyond the pilot being successfully completed in 2017.🇿🇦 South AfricaStarted Research: The South Africa Reserve Bank (SARB) supposedly began exploring the use of a CBDC as early as 2016, developing a 5-year consultation on the matter. At the end of 2019, the SARB issued new crypto regulations to help curb competing currencies and solutions.Initial Stance: The CBDC will be issued at one-to-one parity with the rand, and accepted by businesses and the South African government. The currency will enable instant person-to-person transfer of value without clearing and settlement, the tender said, and consumers must be able to own and transact in the CBDC without the need for a bank account — according to the SARB.Stage of Research: According to a 2018 report, the SARB was trialing a distributed ledger CBDC that was able to process the typical daily volume of the South African payments system in less than two hours with full confidentiality of transactions. The 2016 study is expected to conclude in 2020 with results determining next steps.Blockchain Views: The SARB says that there are no expectations that the future technology platform has to be based on a distributed ledger, blockchain or any other format and that the solution could be based on a combination of technologies.Targets: The 2016 study is expected to conclude in 2020 with results determining the next steps for the development and deployment of the CBDC.🇹🇳 TunisiaStarted Research: Tunisia’s Central Bank, Banque Centrale de Tunisie (BCT), started exploring the concept as early as 2015 with announcements in 2019 that an e-dinar was being tested as a proof of concept.Initial Stance: In November of 2019, the BCT had to clarify that it had no official CBDC stance or pilot program with any third-party in the works for the e-dinar. The BCT said it was conducting internal tests to further evaluate the technology and benefits of a CBDC. The bank is studying the opportunities and risks inherent in these new technologies, particularly in terms of cybersecurity and financial stability.Stage of Research: No new updates have been made regarding the e-dinar since the clarification by the BCT that they were not piloting a live CBDC program. The expectation is that they are currently further evaluating the technology and benefits internally.Blockchain Views: The BCT has made clear that it would review all technical solutions. The company that claimed to be working with the BCT on the e-dinar (which forced the clarification statement) was a blockchain development firm.Targets: No new public targets for an official CBDC program have been announced at this time. The BCT has confirmed that they would be launching a fintech regulatory sandbox for innovations such as this one in 2020.Asia🇰🇭 CambodiaStarted Research: In April 2017, The National Bank of Cambodia (NBC) partnered with Japanese blockchain firm Soramitsu to begin researching a CBDC.Initial Stance: In 2014, the NBC had previously said bitcoin does not fall under its definition of a currency. In 2017, the bank changed its tune in an effort to modernize the financial infrastructure and remove Cambodia’s dependency on the US dollar.Stage of Research: The first tests occurred in April of 2019, where “Project Bakong” was announced. already has the support of 11 national banks, with others expected to join soon. The system is reportedly already testing retail transactions. The platform will support Cambodian riels and USD and offer 24/7, 365 transfer capabilities, with eventual support for cross-border payments using the Bakong CBDC.Blockchain Views: Users will be able to set up a Bakong wallet that will be automatically linked to their bank accounts, allowing easy fiat currency exchange into the new CBDC in real-time. NBC says it will store all transaction data from the platform, suggesting payments may be fully traceable. The Bakong system is built on the Hyperledger Iroha distributed ledger technology.Targets: The Bakong platform’s launch is slated as imminent and expected sometime in 2020.🇨🇳 ChinaStarted Research: June 2017 and completed in 2020.Initial Stance: At the end of 2016, the Chinese government had announced that blockchain would be part of its 5-year technology plan. Despite beginning research efforts China went into a blackout and banned cryptocurrencies and exchanges in 2018. Then suddenly in the fall of 2019, China announced 500 blockchain projects and resumed its focus on a potential Yuan-pegged stablecoin.Stage of Research: The DCEP (Digital Currency/Electronic Payments) is the final version of China’s CBDC that will eventually roll out in the country. The platform is currently being pilot-tested in four large cities around China — Shenzhen, Suzhou, Chengdu, and Xiong’an, a satellite city of Beijing with foreign merchants like Mcdonalds and Starbucks set to accept the CBDC in their Chinese stores. The DCEP is the first CBDC to ever be issued in the eastern hemisphere.Blockchain Views: Exploring blockchain use in a secondary layer but the PBOC has said that it is currently not scalable and that the DCEP looks like more like an evolution of digital payments solution, Alipay.Targets: The People’s Bank of China’s DCEP platform is set to roll out across the country upon successful pilot tests throughout the remainder of 2020 and into 2021.🇭🇰 Hong KongStarted Research: The Hong Kong Monetary Authority (HKMA) began researching a CBDC through Project LionRock in 2017. The first phase of the research was focused on exploring the feasibility of CBDC in performing domestic inter-bank payments, inter-corporate payment in the wholesale market, and delivery versus payment (DvP) debt securities settlement.Initial Stance: The HKMA trialed the first phase with 8 domestic banks and chose R3 as a development partner. A second phase focused on cross-border payments would be carried out with the Bank of Thailand in 2019. Despite the study, in 2018, the acting secretary for financial services and the treasury of the HKMA said that in the “context of Hong Kong, the already efficient payment infrastructure and services make CBDC a less attractive proposition. The HKMA has no plan to issue CBDC at this stage but will continue to monitor international development.”Stage of Research: The HKMA released their report with the BoT on their results of the collaboration at the end of 2019, citing reduced costs, risk, and faster settlement times than the traditional cross-border payments system. In November of 2019, the HKMA also announced a partnership with a subsidiary of the Institute of Digital Currency at the People’s Bank of China.Blockchain Views: The HKMA remains focused on the prospective use of a CBDC for financial institutions rather than retail clients and has been using R3’s Corda platform and security tokens in their research.Targets: A report with the results of further CBDC studies by the HKMA was due for Q1 of 2020. It is anticipated that the HKMA will release further details this year regarding their plans for issuing a CBDC.🇮🇩 IndonesiaStarted Research: Bank Indonesia (BI), the Central Bank of Indonesia, first began exploring the idea of a CBDC for the rupiah in January of 2018.Initial Stance: Despite Indonesia having a blanket ban on cryptocurrencies, BI first began exploring a CBDC because they recognized the potential of the underlying blockchain technology, the need to reduce dependency on physical cash, and the fact that other central banks were exploring doing the same.Stage of Research: The proposed CBDC project in 2018 was designed to last two years, concluding sometime in 2020. According to the head of the Indonesian Blockchain Association, BI has already done several workshops with local fintech companies and that a whitepaper of the results of the program should be released within this year.Blockchain Views: As reported by the Indonesian Blockchain Association, BI has been exploring existing fintech solutions, distributed ledgers and blockchain technology to see which technologies or combination makes the most sense. The whitepaper anticipated for this year is expected to reveal more about BI’s stance on the underlying technology.Targets: The research project is to be finished in 2020 with the expectation that BI will reveal more information about future plans and rollouts for an e-rupiah.🇯🇵 JapanStarted Research: The日本銀 or central Bank of Japan (BoJ) first announced interest in CBDC research in 2017 and named Mizuho Financial Group as the lead bank to develop the pilot project for the J-Coin. The J-Coin is endorsed by the BoJ but is not technically being issued by the BoJ and therefore is not a CBDC.Initial Stance: Prime Minister Shinzo Abe told parliament that the government would work with the BoJ with the ultimate aim is to improve the yen as a means of payment and settlement.Stage of Research: Although no public pilot programs have been initiated by the BoJ, they have shown interest in CBDC research in multiple forms, seeing them as either retail, wholesale, or a hybrid of the two. The J-Coin is one of several reported initiatives the BoJ is exploring to further evaluate and understand the benefits of a hypothetical e-yen. One of those initiatives includes participation with the European Central Bank. No publicly known pilots of an official CBDC by the BoJ are live at this time.Blockchain Views: The BoJ is evaluating all forms of digital currency, including distributed ledger and blockchain technology. No official statements have been made regarding the efficacy or challenges and therefore it is unclear at this time if the BoJ has a preference.Targets: The BoJ has not implemented and official research or pilot programs and has not announced any target dates at this time.🇸🇬 SingaporeStarted Research: The Monetary Authority of Singapore (MAS) first announced exploring blockchain technology in 5 stage research project called Project Ubin in November of 2016. A cross-border CBDC with the Bank of Canada and Bank of England was announced in November of 2018.Initial Stance: The first three phases of Project Ubin explored distributed ledger technology applications for clearing and settlement to delivery on payment. The MAS has notably been working with Accenture, R3, IBM, Microsoft, and J.P. Morgan. Singapore has consistently been focused on digitizing its financial infrastructure and Project Ubin acts as an extension of that progress. “Project Jasper and Project Ubin have built on previous innovations in the payments area to demonstrate that cross-border payment and settlement can be made simpler and more efficient,” said Sopnendu Mohanty, Chief FinTech Officer, MAS.Stage of Research: Project Ubin is in its final (fifth) phase stage of research exploring broader application and implementation of a CBDC. As part of this research, the MAS has developed a blockchain-based payments network with J.P. Morgan and Temasek to enable payments to be carried out in different currencies all on the same network.Blockchain Views: From the beginning of Project Ubin, the MAS has recognized the potential of distributed ledger and blockchain technology. The MAS has gone as far as to develop projects on R3’s Corda, IBM’s Hyperledger Fabric, and J.P. Morgan’s Quorum. It is expected that distributed ledger technology serves as the base layer for Project Ubin.Targets: The research is expected to be completed in 2020, revealing more information about MAS’s views and future implementations (or needed research) for a CBDC in Singapore.🇰🇷 South KoreaStarted Research: Sometime in April 2020.Initial Stance: Originally, the central bank of Korea (BoK) had a wait-and-see approach. With the recent advancement of many other nations also now exploring the technology, the bank has decided to join the race. Still, officials say they are wary of the potential benefits and will be hesitant to launch a CBDC before their research is finished.Stage of Research: The BoK has begun a 22-month pilot study to explore the use of a CBDC as of April 2020.Blockchain Views: Unclear at this time.Targets: To complete the pilot research by February 2022 and reassess the need to offer a CBDC in Korea. Overall, the government has a 10-year plan to study CBDC technology and potentially integrate it into the financial system.🇹🇭 ThailandStarted Research: The Bank of Thailand (BoT) began exploring the potential of a CBDC in August 2018 when they announced that they had selected R3 and 8 other Thai banks to trial with. The CBDC trial was named Project Inthanon.Initial Stance: Project Inthanon is to be rolled out in phases with Phase 1 being developing and testing a proof-of-concept prototype for domestic wholesale funds transfer by using wholesale CBDC. Phase 2 was focused on Delivery-versus-Payment (DvP) for interbank bond trading and repurchase transactions, and regulatory compliance and data reconciliation for third party funds transfer. And Phase 3 was focused on exploring the interoperability amongst ledgers to achieve cross-border funds transfer which includes business modality and implementation of relevant foreign exchange regulations, aiming to reduce associated costs and enhance efficiency — in partnership with the Hong Kong Monetary Authorities’ Project LionRock.Stage of Research: The BoT has completed all three phases of Project Inthanon and has published a report with the HKMA on the findings of Phase 3. No additional phases or projects have been announced by the BoT at this time.Blockchain Views: The three individual phases all proved to successfully quantify the value of a distributed ledger-based CBDC. The report from Phase 3 acknowledges that there were reduced costs, risk, and faster settlement times than the traditional model.Targets: Unclear at this time, but the Phase 3 report suggested further expansion of the testing and platform.Australia🇦🇺 AustraliaStarted Research: Sometime in 2019.Initial Stance: In a speech in June 2018,
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New York: It first appeared back in 2009, and has been slowly gaining steam since. As of this month, more than $1 billion worth of a digital currency known as "bitcoins" circulates on the web, and …
interest in the currency is skyrocketing.In many ways, bitcoins function like any other currency. You can buy anything from any company, both online and in the real world, that accepts bitcoins as currency. Bitcoin's founder is Satoshi Nakamoto, which is a pseudonym. Nakamoto's purported profile on P2P Foundation claims that he is a 38-year-old male living in Japan."In 2008, Satoshi Nakamoto, the founder of Bitcoin, whose real identity is not known, cleverly combined existing peer-to-peer network technologies, cryptographic techniques, digital signatures, and the potential power of network effects to design and develop the Bitcoin system. Nakamoto was very clearly motivated in this effort by the fallout from the 2008 financial crisis," reported The New Yorker.The bitcoin bubble has burst - or has it? APRather than trusting in governments or central banks to secure the value of the currency and guarantee transactions, the founder ensured the bitcoin places its trust in mathematics.At the start of the year, a bitcoin was worth $13.51; the price of a single bitcoin then blasted through the $100 barrier last week, according to Mt Gox, a site where users can swap bitcoins for more traditional currencies. On Wednesday, it traded as high as $266. But on Thursday, it plummeted to less than $100, as one of the exchanges where bitcoins are traded closed temporarily.PandoDaily, which has been reporting on the virtual currency phenomenon, offers an awesome video (here) explaining how the bitcoin works through classic Super Mario Bros clips.The rebel Internet currency has been in red-hot demand because of world events that have shaken confidence in government-issued currencies."Because of what's going on in Cyprus and Europe, people are trying to pull their money out of banks there,"
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First I would like to say that I'm quite new on the "Crypto" world, I got hooked couple of months ago and since then I have started to research about different coins. As most of newbies I started …
with the "famous" ones, BTC, ETH and LTC, mostly due to the fact that coinbase only lists these 3 coins and in a matter of days I started to be introduced to other coins after watching many youtube videos and joining Telegram groups. So before I go ahead I would like to make it clear that I'm far from been an expert on Cryptocurrencies, I still have a very long journey to learn about the technical aspects, so this is my view as a newbie, which I think is extremely important at this point. If you think about it, the early adopters of cryptos are tech savvy people however now we are moving to new waves of "customers" who are starting to get hooked about this technology, and my perception of coins will probably reflect their perception too, so on this new run for the coins in the next months and years, the newbies are the ones who will determine which coins will have a big increase on the marketcap. Going back to my crypto journey, after learning about different coins there was a particular one that really got my attention, Bitshares. I was really amazed with the potential of BTS and how this could be a potential game changer for many industries. For those of you who are not very familiar with BTS I will try to explain it from a newbie perspective and why I think this particular coin is different from all others.. 1- The first point is in relation of the speed in which transactions can be processed.. BTS can process 100,000 transactions per second and to give you some perspective, Bitcoin can process only 7 tps and Ether should be able to process around 26 tps.. So imagine if BTC achieve mass adoption and you would like to use it to buy a coca-cola on a regular shop, how would it work? You would have to wait minutes or hours to get your transaction processed, so it is not practicable... BTS on the other hand would be able to handle this easily, if you dont know, 100.000 per second is more than processing power of Visa and MasterCard combined.. So that says all right? 2- Fees : The transaction fees for BTS are much much lower than BTC and many other coins, the average transaction fee for BTC is over 3 USD, so if you were going to by a can of coke which costs 1 USD, the transaction fee for that transaction would be actually higher than the product itself, which does not make sense at all.. BTS in the other hand has a avg fee of 0.03USD which is much more plausible for this type of transactions and in addition if you pay the lifetime membership you get back 80% of the fees paid for your transactions.. 3- This for me is the greatest differential of BTS in relation to the other coins.. The ability to transfer assets via cryptocurrencies. I will spend a little bit more time explaining this point.. The BTS itself is a share that you have of the Bitshares, is like having a stock of a public company, it will also giving you voting rights to decide the directions in which the BTS will go. Based on these shares, we can have UIA's (User Issued Assets) such BitUSD, BitGold, BitCNY, etc.. Let's take BitUSD as an example, when a BitUSD is created, it will always follow the price of 1 USD, so 1 BitUSD should be always equal to 1 USD, but how is that possible? So basically in order for you to do that, you would put the equivalent amount of 1USD in Bitshares as collateral to 1 BitUSD.. Let's see an example: Imagine this scenario (I will use fictional prices to illustrate it): 1 BTS = 0.10USD If you were going to have 1 BitUSD today, you would need to have 10 BTS (10x $0.10) to make the BitUSD amount equal to 1USD. If the BTS price increases to $0.50, than the necessary amount of BTS needed as collateral for the BitUSD will be 2 BTS (2 x $0.50) instead of 10.. So each BitUSD will have an amount of BTS's needed as collateral to pair the real value of that asset. *Actually the amount of collateral needed for each Bitasset is more than 100% to protect it against volatility, but I will not get into details here to make it simple.. This means that with Bitshares could issue many "virtual" assets which would follow the market price for the same.. So let's imagine if we could have BitOil, BitIron, BitSteel, Bitthis and Bitthat... Today when Oil traders have to trade oil, despite the fact that they might be in different countries, they will probably trade it in USD, and for that they will always have the FX risks as the USD value could fluctuate against their local currency so they end up hedging these transaction which implicate in higher costs for them.. Now imagine if they could start trading Oil using BitOil? When they agree to buy and sell 10 barrels of Oil they would be sure that when the transaction is completed, they would receive the payment of 10 BitOils which would be equivalent value of 10 barrels of Oil at that present moment.. The potential of this is huge, not only for commodity trades but also for FX payments and any other assets transactions in the future.. (I hope you can see the big picture here!) 4- Protection against coins volatility: The same BitAssets structure that I have described above, would allow you to protect yourself against the crazy fluctuation rollercoaster that we see today in Cryptocurrencies.. One of the main fear of investing in BTC for example is the fact that last week it was quoted approx $1800 and today it is reaching $2900.. Not everyone would like to be exposed to these fluctuations, so if you want to have part of your investments in Crypto but would like to take a break and move your money to a stable currency, you could buy BitUSD for the time being.. All these points drove me crazy when I started to learn more about Bitshares and I became more active on Telegram groups to learn and understand better this coin.. And one question has been on my mind since then.. Why is this coin so undervalued in comparison to others? Why it is not even on the top 10 coins in terms of marketcap? As soon I started getting more involved on the Telegram groups, I started to get the answers for it (at least from my perspective). The reason why the title of this post is "Bitshares - A Lambo parked in a Farm Barn" describes exactly my views of BTS today.. The team has created a Lambo, a great machine with a stunning design, however today it is seating on a Farm Barn and been driven on dirty sandy roads... A car like a Lambo was not designed for this type of roads, to achieve it's full potential it needs to be moved to streets like in
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"You say prediction market and people are like 'What's that?' - it doesn't sound that important or lucrative or interesting."That's Jeremy Gardner, best known as the director of the College …
Cryptocurrency Network, talking aboutthe first reactions some may have to hislatest project,Augur, the decentralized, blockchain-based prediction market founded by Jack Peterson and set to launch atoken crowdsale this spring.Common perceptions aside, Gardner and core developer Joey Krug are out to prove that a platform that allows participants to bet on the outcome of real-world events can be a vehicle for social good, rather than simply another outlet for digitalgambling. In conversation withCoinDesk, Gardner and Krug sought to portray Augur as a project that plans to use decentralized public ledgers to create a way for anyone in any field, from finance, healthcare and governance, to tap into the collective forecasting power of a global user base.Gardner said:"With bitcoin, it's a better money than what we have, but it's a version of what we have today. We've never really had a wildly popular prediction market. We've never had these open-source tools to be able to bet on the Internet and turn that into a social good."Both Gardner and Krug have left college to launch the six-person project, one that boasts financial support from Ethereum creator Vitalik Buterin and the guidance of Ron Bernstein, founder of Intrade, what was until the time of its shutdown in 2013 one of the more well-known prediction markets.Speaking to CoinDesk, Bernstein said he expressed an early interest in the project as heviews itthrough the lens of his own struggles trying to launch a similar, though centralized, platform.The Intrade and Tradesports CEO compared the challenges the project faces to tech giantslike Uber, which have testedregulatory boundaries in order to ensure they are first to market with a potentially powerful idea."The potential for Augur is really about the distributed participation from the exchange operators as well as from the exchange users and the ability to distribute that in the way that they propose has never been done," Bernstein said.At present, there are more immediate hurdles for Augur. One of which is ensuring that the public can getbehind a prediction market, especially when their rocky history has clouded public perception about what they are and what they aim to achieve.Prediction markets allow their users to buy and sell shares in the outcome of an event. The current market price of a share is then an estimate of the probability that event will occur. Already,many academic researchers attest that such platforms, while incorporating aspects of gambling, do have practical value."Prediction market prices have informational value because they aggregate the beliefs of market participants and reveal what the market overall forecasts are the odds of the event at hand occurring," a 2014 report by Mercatus Research explains.Though it goes on to note that primary reason the market exists is speculation, the report does speak to the positive benefits such a platform can have by noting its use in US presidential elections dating back to the 1800s.Gardner attests to being an Intrade user, placing bets during the 2008 and 2012 elections. He explained the appeal of the service, adding:"It wasn't gambling, there was no risk if you thought you were well-informed and that to me was a really powerful notion."Just as powerful a roadblock may be historical issues prediction markets have faced on a regulatory front, particularly from the Commodity Futures Trading Commission (CFTC), the body that oversees the US futures market.In 2005, for example, the CFTC granted Intrade an exemption to operate, providing it limited participants to those with assets between $5m and $10m. By 2013, dogged by lawsuits in the US and issues abroad, Intrade shut down. Notably, its website currently promises "announcements coming soon".Further laws were enacted as part of the Dodd-Frank financial reform law, which sought to limit betting that was not deemed to be in the public interest. However, some prediction markets have been able to prosper, most, like the Iowa Electronic Market, under academic exemptions.Yet these problems, Augur contends, are solved by the decentralized nature of blockchains and the overall lack of regulatory guidance."There's no law that prevents us from doing what we're doing. We're just writing code. There's also no law that allows us to do what we're doing. We recognize that it's a gray area, but it's a gray area we're very much comfortable with," Gardner said, adding:"Very clearly we write this code, we put it into the cloud and like Satoshi [Nakamoto] we could disappear."Gardner discussedconducting the company's in-house legal research prior to the launch of the venture, asserting that the project should not fall under securities laws as "people aren't partaking in a common enterprise and they're not expecting profits from the work of others".Still, he admits the CFTC is "a huge concern", though one that will be alleviated by the fact that no one involved with the project will operate a prediction market."It's about narrowing down who we might piss off and reducing the likelihood of that happening," Gardner said.Questions of market viability aside, Augur is already at work on its technology, though even its construction remains in flux. Augur intends to use two types of tokens to facilitate its market.First, it will plan to use the as-yet-unlaunched sidechains technology to transfer bitcoin to addresses that can be held while a user is actively holding shares as part of awager. Second will be the token of focus during its upcoming crowdsale, Reputation, which is set to be sold over 45 days in May.Reputation tokens will be sold during the crowdsale in part to raise money for the completion and continued development of the platform, but be used by Augur in practice to incentivize users to reliably report on the outcome of events, say that Hillary Clinton is elected president in 2016."After the election happens, because there's not a centralized source that confirms that it's happened, there has to be a decentralized reporting system. That's where reputation comes in. Reputation holders are asked to report on the outcome of events and that ensures the integrity of the system," Gardner said.Those who are dishonest, in turn, have a percentage of their tokens redistributed among the trustworthy users in the network. How muchwill be distributed is determined byan equation, and will vary depending on factors such as how many people report on the event and how accurately.Lastly, there will be a 'seigniorage modeled coin' that will help ensure that long-term bets can be made without being subject to the volatility of bitcoin. For example, if a user wanted to bet on the 2020 election, he or she would need to know the funds would retain value at this time."What we'll probably do," Krug continued, "is there is a thing called the subcurrency API on Ethereum, and we'll probably support the best seigniorageout there, so we'll probably use the best of them."Already in place, according to Krug, is the equation that would allow for the exchange of shares in event outcomes, and the consensus mechanisms that determine binary outcomes."You can even have up to 75% liars and get the correct outcome reporting," Krug said, though he noted the project is still working on how to deal with multidimensional outcomes.Connectingwith potential users will be another challenge, as evidenced by the somewhat lackluster reception of the group at The North American Bitcoin Conference's Startup Stage.Recalling the event, Gardner remarked: "I think there is a huge gap that keeps people from understanding the project."Focusing on this question will be the job of director of marketing
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Research cryptocurrencys top influencers The creator of Ethereum, the blockchain platform that acts as a world computer for decentralized applications. Its cryptocurrency, Ether, has seen its value …
skyrocket in 2017 (Ethereum's market cap is nearly $30 billion). He cofounded Bitcoin Magazine and now leads Ethereum, working on upgrades to its protocol. The creator of Litecoin, and formerly Coinbase's Director of Engineering. Although he is the creator of Litecoin, Lee remains focused on a number of Bitcoin-specific projects as well. Prior to Lee's forays into the world of cryptocurrency, he held various engineering positions at companies like Google and Guidewire Software. "Brian is the co-founder & CEO of Coinbase, an open financial system and Bitcoin exchange for the world. He holds a Bachelors Degree in Computer Science, a Bachelor’s Degree in Economics, and a Master’s Degree in Computer Science from Rice University. He was also featured in the 2014 movie, ""The Rise and Rise of Bitcoin""." Roger is considered the world's first Investor in Bitcoin startups (including investments in Bitcoin.com, Blockchain.com, Z.cash , BitPay, Kraken & Purse.io). Ver's computer parts business, MemoryDealers, was one of the first online retailers to accept payment in Bitcoin, and he now speaks regularly at Bitcoin events worldwide. "Andreas is the author of ""Mastering Bitcoin"" and “The Internet of Money, seminal books about why bitcoin matters on a global scale. Antonopoulos is also a public speaker at bitcoin events, and is frequently called in as an expert witness in trials relating to the security and technical details of crypto-currencies." "Nick is a blockchain and cryptocurrency pioneer. Szabo is widely regarded as the inventor of the concept of smart contracts, which are now a fundamental feature of cryptocurrencies. Szabo also is the creator of ""bit gold"", a decentralized precursor to bitcoin which informed the initial construction of Bitcoin's architecture." "Don is the co-founder and Executive Director at Blockchain Research Institute, which seeks to drive clear policy-making and governance of bitcoin. He is also the best-selling author of ""Blockchain Revolution"", a book on the numerous impacts that cryptocurrencies and blockchain will have on the world." Gavin is one of the original Bitcoin developers, having been appointed the lead developer on Bitcoin Core by Satoshi Nakamoto. A Bitcoin developer since 2010, Andresen founded the Bitcoin Foundation as a vessel for cryptocurrency advocacy, and has dedicated much of his time to that organization in recent years. Jihan is the co-founder of BITMAIN, which sells ASIC chip technology to bitcoin miners around the world. BITMAIN is presently the world's largest manufacturer of bitcoin mining parts, having built ~70% of the world's bitcoin mining machines. He studied Economics and Psychology at Peking University in Beijing. "Laura is Forbes' senior editor of cryptocurrency and blockchain technology coverage, and is a co-lead reporter on the Forbes Fintech 50 list. She also hosts the crypto and blockchain podcast ""Unchained"". Shin holds a Masters of Arts from Columbia University's School of Journalism." Thomas is a board member of 9Spokes, an open banking dashboard. Power is a cryptocurrency expert who has published 7 books and spoken at 1000 conferences and events across 56 countries. Additionally, Power is a board member or advisor to numerous Blockchain and Bitcoin-focused startups around the world. Erik is the CEO of ShapeShift. Voorhees currently writes at MoneyAndState.com about the struggle for the separation of money and state, and about Bitcoin as the instrument by which it will happen. He is the co-founder of bitcoin startup Coinapult, and previously sold his startup Satoshi Dice for $11.5M in bitcoin in 2013. Tyler is the Principal of Winklevoss Capital and co-founder and CEO of Gemini, a next-generation digital asset exchange. Winklevoss has long been a bitcoin advocate and is widely noted for becoming the world's first bitcoin billionaire, on account of his initial $11M investment in the cryptocurrency in 2013. Barry is the founder and CEO of DigitalCurrencyGroup, which builds and supports Bitcoin and blockchain companies. He is also an investor in numerous bitcoin and blockchain companies worldwide. Silbert also created the Bitcoin Investment Trust, which is the only public security whose value comes directly from Bitcoin. Tuur is the Editor-in-Chief at Adamant Research, which focuses on macro investment opportunities in the Bitcoin and blockchain space. He is an early investor in Bitcoin, and is a regular speaker at Bitcoin conferences around the world. He also cofounded the Belgian Rothboard Institute, an academic think-tank. "Lingham is known as the ""Bitcoin Oracle"" on account of his highly accurate predictions around the pricing of Bitcoin and other cryptocurrencies. He is the founder of Civic, an identity management startup run on the blockchain. He was previously recognized as a Young Global Leader by the World Economic Forum in Davos." Charlie is a co-founder of the Bitcoin Foundation, and is a controversial Bitcoin Evangelist. He helped found BitInstant, one of the earliest bitcoin startups, and has been an investor in Bitcoin since 2011. Shrem is now the Director of Community and Business Development for Shrem, a blockchain wallet startup. Peter is one of Bitcoin's most prominent open source developers, and is an applied cryptography consultant. Todd is an advocate for cryptocurrency, and is vocal about the need for more effective (yet flexible) governance of Bitcoin and other alt-coins in the years to come. Adam is a cryptographer who is the inventor of Hashcash, the underlying technology behind a number of anti-spam softwares. Back is the co-founder/ CEO of Blockstream, which develops protocols for blockchain developers. He has a Computer Science PhD in Distributed Systems from the University of Exeter. "Tone is the host of CrytpoScam Podcast. Days was previously a well-known derivatives trader on Wall Street, later was a VP at JP Morgan, and is now a blockchain consultant. He is also a regular contributor to The World Crypto Network. He was recently featured on the Bitcoin documentary, ""Magic Money""." Lopp is presently an engineer at BitGo and the creator of Statoshi.info, which displays bitcoin node stats in real time. He is also the organizer of Bitcoin SIG, a group of MENSA members who discuss bitcoin matters. Lopp also posts regularly on the Coindesk blog and other notable bitcoin publications. Tim Draper has been listed as #7 on the Forbes Midas List, and #98 on the 2014 Worth Magazine 100 Most Powerful People in Finance. Draper is the founder of DFJ Venture Capital, an advocate for blockchain technologies, and was an early investor in Bitcoin. Jeff is the co-founder of Bloq, an enterprise-grade blockchain startup. Bloq recently announced its own cryptocurrency, Metronome, which it hopes will eventually be run on multiple types of blockchains. Prior to Bloq, Garzik was the founder of Dunvegan Space Systems, a startup focused on enabling space infrastructure. Bobby is the CEO and co-founder of BTCC, China's first bitcoin exchange. Lee has been involved with bitcoin since 2011, and envisioned BTCC as a full-stack solution for bitcoin in China - ranging from exchange functionality, to providing secure wallets to consumers. Prior to BTCC, Lee held a senior role at Walmart China. He is a co-founder and managing partner at Union Square Ventures (a significant investor in Coinbase) and the founder of VC firm Flatiron Partners. As a vocal advocate for blockchain as a whole, Wilson writes regularly about cryptocurrencies, investing strategies, ICOs, and more at AVC.com. The AngelList co-founder and CEO is also an investor in Bitwise Asset Management, one of the first cryptocurrency index funds. As a proponent of blockchain, Ravikant is also providing capital and advisory services to blockchain startup Blockstack, which recently released its first decentralized browser. Michael is the founder and former co-editor of TechCrunch. As a VC with a proven track record, Arrington is now the lead partner at Arrington XRP Capital, a $100M hedge fund based entirely on cryptocurrency. The fund will be denominated in XRP, the cryptocurrency that drives much of the startup Ripple's software. Matonis is a bitcoin researcher and economist. He is presently the Founding Director and co-founder of the Bitcoin Foundation. He is also the chairman of Globitex, a bitcoin and derivatives exchange. He is also a Board Member at First Global Credit, a cryptocurrency investment and advisory firm based in Geneva. Stephan is the co-founder of AtlasNeue and Slock.it, a blockchain infrastructure for the collaborative economy that's built on the Ethereum platform. Formerly, Tual was the CCO of Ethereum, and is universally regarded as an expert in the crypto and blockchain community. He was previously Managing Director at Ursium. Song is a prominent blockchain developer and entrepreneur. He is also an instructor at Programming Blockchain, which helps talented developers learn how to code for the blockchain platform. He is currently a developer at Paxos, a fintech blockchain startup focused on automating post-trade settlements. "Chris is now a partner at Placeholder VC. Burniske previously led ARK Invest's cryptoasset and product development efforts, where he interfaced with press to ensure accurate reporting around cryptocurrencies and cryptoassets. He is also the author of ""Cryptoassets: The Innovative Investor's Guide to Bitcoin and Beyond""." Derin is the co-founder of BlockchainAge, the global leader in blockchain research and consultancy. He is also the founder of online business magazine Richtopia, and the co-founder of Marketing Runners, a professional services firm. Additionally, Cag is a guest lecturer at the University of
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Call 0161 635 0000 admin@cash4coins.co.uk How to Exchange your Foreign Coins & NotesOne of the side effects of the introduction of the Euro in 1999 was disappearance of many of Europes previous …
currencies. Fourteen national currencies went out of circulation when the Euro was first introduced, and another six have followed them. This drastic change left many coin collectors and ordinary Europeans with pockets full of small change in non existent currencies. Today, these coins exist as tangible pieces of European history.If you have pre-Euro coins that youd like to exchange for cash then we can help. We exchange pre-Euro coins for individuals, businesses, charities, schools and hospitals. Some pre-Euro coins are worth more than others, for example some Peseta coins can be exchanged, however coins like the French Franc have only a nominal value. If youd like to exchange foreign coins then go to our page How to send us coins.Why exchange Pre-Euro coins with us?Pre Euro Currency InformationPre-Euro coins exist in twenty national currencies. Austrias national currency was the schilling, while Belgium, France, Luxembourg and
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