The Immutability Of The Blockchain Is Vital For Logistics

We know that blockchain technology could one day transform the transport industry, indeed, blockchain technology promises very big things for logistics. Since the blockchain is such a big idea however, we need to explore exactly which aspects of the blockchain are useful to logistics, because let’s face it, shipping companies don’t really have any use for creating gambling dApps, nor will Maersk benefit from creating their own cryptocurrency. It’s important to remember that the blockchain is more than just Fintech, it’s more than just finance, the blockchain is an automated process and an immutable ledger, one that can make any industry more transparent.
Immutability refers to a constant, something that cannot be changed or corrected, this is vital in shipping and in logistics as it’s the only way to ensure legitimacy. When goods are exported or imported, they are backed by tags, serial numbers and other processes that ensure the products are legit and not fake. By using distributed ledger technology such as we find within the blockchain, these records can be kept and made publically accessible, without having the risk of an entity being able to change them, meaning counterfeit goods can’t enter the supply chain and meaning that all products are registered and legitimate.
By being publically accessible, a number of companies involved in shipping, from the distributor, to the shipper or carrier, right through to local government, revenue and customs, a ledger on the blockchain can be seen and maintained by all of these factions, without the need for paper or without the need to trust somebody to accurately deliver a paper or electronic ledger.
Being immutable is the key to the success of the blockchain in this instance. Yes, it’s ability to facilitate financial transactions is great, and hosting dApps is an incredible function, but actually, it’s the bare bones of the blockchain and its decentralised nature that will see this technology become adopted. When will it become adopted? That’s a big question, though it’s one that we hope to find some serious answers to pretty soon.
Source: Crypto Daily

Blockchain Lawyer? There's A Job For You At Facebook

It’s no secret that Facebook are starting to take blockchain technology seriously, actually, they have pretty much announced that they will be adopting blockchain solutions and that most importantly, they will be designing a Facebook led cryptocurrency for use in their applications such as Whatsapp at Instagram, though at the moment the full scale of this crypto is uncertain – we are sure that its most probably going to be a stablecoin.
As a part of their blockchain expansion, Facebook have been employing a number of crypto and blockchain experts to lead their new blockchain division, such expansion is seeing a number of new jobs created and does give us an idea of Facebook’s intentions. It’s clear they don’t want to work with a ready made and ready built cryptocurrency firm and that instead, they want to go about this on their own, creating their own technologies from scratch. Many believed they could turn to Ethereum in the first instance to start experimenting, this could be the case eventually but for now, it seems they are going this alone.
According to Cointelegraph, Facebook are now recruiting an in house blockchain lawyer in order to oversee their legal operations when it comes to a crypto roll out. A recent job description posted by Facebook reads as follows:

“You will be responsible for drafting and negotiating a wide variety of contracts related our blockchain initiatives, including partnerships needed to launch new products and expand such products internationally. You will also advise clients on the various legal risks, business strategies and other issues related to commercial transactions and general operations.”

The new lawyer should have experience both in traditional law and in blockchain law, though as we know the blockchain space is a pretty new one, meaning finding a lawyer with relevant experience could be quite tricky. Either way, it’s a great job for the suitable candidate, I can only imagine that the pay cheque from the start could be quite fruitful.
This is a very exciting time for all within social media and within the blockchain space, Facebook are one of the biggest companies in the world and therefore their influence within cryptocurrency will eventually be huge. Moreover, Facebook has a colossal user base so therefore their intervention within this industry will also accelerate cryptocurrency adoption, giving potentially billions of new users a chance to explore crypto investment and of course, blockchain technology.
Source: Crypto Daily

Facebook Coin: What We Know So Far

Over the past few months, rumours have surfaced that the social network Facebook, will be launching its own cryptocurrency for use in its messaging apps, Messenger, WhatsApp and even Instagram. So the question has to be asked, is this going to be the long-awaited breakthrough by an international tech giant into the lucrative markets? Either that or it could be another exaggerated crypto project which buys into the continuing excitement about decentralised peer-to-peer exchanges? Let’s take a look at the upcoming Facebook currency and what we know so far about it.
Let’s be honest though first, next to nothing is known about the Facebook coin. So far there is just one company statement about a new group set up to look into cryptocurrencies. Bloomberg has reported, “like many other companies, Facebook is exploring ways to leverage the power of blockchain technology. This new small team is exploring many different applications. We don’t have anything further to share.”
According to reports by big news outlets like The New York Times, the upcoming cryptocurrency will apparently be a ‘stablecoin’ rather and rather than having a fixed amount of currency in circulation that changes in price, the Facebook coin will have a fixed price and the amount that gets pumped into circulation will change.
According to the reports, the coin will be tethered to the dollar although other reports suggest that it will be tied to both the dollar, euro and yen. It seems that Facebook is focusing on providing a technology solution for the large and lucrative remittance market for payments into India. It’s also worth noting that transactions with the Facebook coin will be networked with Facebook accounts so it won’t be easy to avoid laws and regulations.
So sure, this is an interesting project that’s worth keeping a few tabs on but don’t get your hopes up too much. If there is one common feature to the many hundreds of crypto and blockchain finance projects announced over the past four years, it is exaggerated early claims. In fact, according to some research, more than a hundred projects announced since 2015 applying blockchain technologies to financial services have essentially vanished into thin air (bar a few).
Only time will tell as to how successful Facebook’s cryptocurrency will be but all we know so far is that the whole crypto space has a keen eye watching it.
Source: Crypto Daily

Tom Lee: Bitcoin Bull Run In August

The well known Tom Lee, from Fundstrat, has often got a lot of comments to say about Bitcoin, usually bullish remarks and he has recently offered a prediction for when the next bull run will take off.
In an interview with CNBC’s Futures Now, the co-founder said a bull run could potentially occur in the next six months, saying that it is likely. In fact, he actually put a time on it too, predicting that the bull run would happen in August although he wasn’t strict on this estimate.

“The key number to watch is the 200-day moving average…Bitcoin’s bouncing along that. If Bitcoin holds above $4,000, it’ll cross its 200-day [moving average] by August, so I think the outside window is five to six months before Bitcoin starts to look technically like it’s back in a bull market.”

Lee has previously talked on CNBC previously said on the show that “investors are still recovering from that collapse in markets…many got very defensive.”
In addition to this, Lee said that the use of Bitcoin is growing and cited that Venezuela is seeing an increase in the use of cryptocurrencies.
The topic of conversation turned to JP Morgan Chase and how they are getting ready to release their own token dubbed the JPM Coin. Lee said, “I think things like JPMorgan Coin and Facebook Coin are really sort of creating use cases and, actually, I think some credibility. JPMorgan’s coin is essentially a stablecoin. I think it’s not a threat to bitcoin.”
Lee was then asked about what makes him feel bullish on Bitcoin’s prospects saying:

“I think the real story for bitcoin’s and cryptocurrencies future is whether or not it’s going to become an asset class…as an asset class, it’s still the earliest days. [Following the Bitcoin Cash hard fork] Bitcoin is going to spend a lot of time in the low 6000s fixing itself.”

Lee is clearly a big bull when it comes to cryptocurrency but despite his optimistic views, Fundstrat has warned investors that the market could sink to a new low before it hits back and makes gains.
Source: Crypto Daily

BTC Adoption Grows With Fortune 500’s 2 Million Customers

Fortune 500 tech firm Avnet is adopting crypto payments, allowing consumers to pay in Bitcoin and Bitcoin Cash for the businesses software solutions. The company is catering to professionals in the tech industry.
According to the announcement:

“Today’s developers are looking for flexibility as they take their products to market, and this announcement provides our customers with more convenient ways to complete their financial transactions.”

Avnet is working with one of the industry leaders, BitPay. This platform processes more than $1 billion on an annual basis when it comes to cryptocurrency payments to facilitate the new payment option.

“When a customer elects to make a purchase with Bitcoin (BTC) or Bitcoin Cash (BCH), Avnet will work with BitPay to verify the funds, process the order and complete the transaction. Avnet and BitPay will also have the ability to manage and process cryptocurrency requests outside the US on a country-by-country basis.”

The tech firm has a focus on the rise of Bitcoin, which crossed 290,000 on-chain transactions on Saturday. Avnet says it’s preparing for changing the landscape and “positioning ourselves – and our clients – to be ready for it.”
Avnet has noted the advantages of crypto payments including real-time conversion rates, shrunk down to a 15-minute window, ease of use of online platforms and a fixed one percent fee which won’t look anything when compared to traditional intermediaries.
Currently, Avnet is working with to develop a new hardware wallet for more secure cryptocurrency storage. Plus, it says that it already processed several multi-million dollar crypto transactions within the first month of accepting Bitcoin.
“Not only is paying with Bitcoin easier and faster than with credit cards and bank wires, it is less expensive and acceptance of it is growing. I predict Avnet will attract many new blockchain-focused customers from around the world that want to take advantage of paying with bitcoin.”
The firm has more than 15,000 people working for them in 125 different places in Europe, Asia and North America. In addition, there are more than 1,400 technology suppliers serving over 2 million customers across 140 countries. Bitcoin will get massive exposure as well as the potential of mass adoption.
Source: Crypto Daily

Crypto Adoption In South Korea Continues To Grow With Kakao

South Korea is a country that delves into new and upcoming technologies all the time. In fact, the capital of the nation, Seoul has been ranked as the world’s ‘leading digital city’ and the ‘tech capital of the world’. Kakao is one of the biggest messaging apps in the country and with more than 44 million active users it’s no surprise. Kakao is integrating a crypto wallet that allows users to use crypto on a day to day basis but in a more casual manner.
Just the idea of 44 million people having the chance to use crypto is bullish on its own but what makes this even more interesting is that Kakao is South Korea’s biggest internet corporation. There are several products of Kakao including, KakaoPay, KakaoTaxi, KakaoStory, KakaoStock and of course, KakaoTalk.
According to news outlets in South Korea, Kakao has already raised around $90 million in order to develop its own blockchain network called Klatyn. The main idea behind this network is to migrate Kakao’s existing platform onto the blockchain, the first of which is rumoured to be KakaoTalk.
With this, the crypto wallet being implemented onto KakaeoTalk is a way to introduce Kakao users and the general public to Kakao’s own blockchain network.
Industry executives have said that KakaoTalk is going to be used as a crypto wallet and allow users to send, receive and store cryptocurrencies whilst also enabling them to run several blockchain applications. At first, the use of Kakao’s crypto wallet will be on an opt-in basis.
One executive who is familiar with Kakao’s cryptocurrency integration has said that the firm will need a cryptocurrency wallet in order to introduce its proprietary blockchain to the public and its users.

“Kakao needs a cryptocurrency wallet for users of Klaytn and the best way to roll out the service is to integrate a crypto wallet into KakaoTalk, which over 80 percent of the population of South Korea use to communicate.”

Similar to Kakao, South Korea’s Samsung has integrated a crypto wallet into the new Samsung Galaxy S10.
More than 55 million people live in the nation and Kakao is one of the most popular platform out there in the country. With all this exposure, there is a lot of potential for adoption for cryptocurrency.
It seems as if South Korea is paving the way to help boost an emerging industry.
Source: Crypto Daily

Huge Number Of Bitcoin Exchanges Report Suspicious Trading Volumes

The trading volume of an exchange is often used to rank the exchange by popularity. Indeed, it’s common sense that an exchange with a high trading volume should be deemed popular, it simply means that there’s a lot of people using the exchange at a specific moment in time, though, trading volume can tell us and the exchanges themselves an awful lot more about what might be going on in the markets. This is why we should be concerned that according to some reports, 75% of Bitcoin Exchanges have reported suspicious trading volumes, with further research suggesting that as much as 86% of all cryptocurrency exchange reported trading volumes should be met with suspicion.
According to CCN, a research site called TheTie have recently explored the matter further:

“A site called TheTie released a report that estimates over 86% of all reported Bitcoin exchange volume is suspicious, while 75% of exchanges report extremely dubious volumes. The research uses a different formula than other reports have: it values each website’s visitors and compares that value to the reported figures.”

TheTie offer a number of examples to backup this claim:

“Bithumb, which has been the subject of previous investigations, was expected to have a monthly volume of roughly $1.2 billion based on an average visit value of $13,418. Instead, Bithumb reports over $28 billion. This means their reported volume is nearly 2,000% higher than what would be expected.”

This is important, as fake volumes could mean that traders are being attracted to ‘high volume’ exchanges, unknowing that the reported volume is actually false. Investors look for exchanges with high volumes as with high volumes comes an element of trust. Moreover, the best prices tend to be found at the more popular exchanges. Now it seems that many investors may be choosing exchanges based on reported trading volume values that could indeed, be fake.
TheTie offer quite a stark conclusion that highlights the problem here:

“The weighted average trading volume per web visit for Binance, Coinbase Pro, Gemini, Poloniex, and Kraken was selected as a baseline volume per user to calculate expected volume. This amounted to $591 per web visit. BitMEX was not included because it is a futures exchange. This does not account for mobile app or API usage to trade – web traffic is an assumption for simplicity. Relative outlier detection is quite notable, so the outright number isn’t the main objective.”

In short, there’s a lot of exchanges that could be affected by this.
Source: Crypto Daily

XRP’s Integration On Woocommerce Could Reach Over 3 Million New Customers

Ripple’s XRP seems to be making waves in the news on a day to day basis this year and today is no different. The native token to Ripple has achieved another landmark in its journey to mainstream adoption. The cryptocurrency is now fully integrated with the Woocommerce online market giant. The asset gained this through a bounty program by the founder of XRPL Labs, Wietse Wind.
Last week, the announcement came that Wind was offering more than $900 in XRP as a prize to anyone who could implement the token to Woocommerce which powers more than three million online stores across the globe. Today, the challenge seems to have been completed as XRP is potentially witnessing adoption by more than 3 million users overnight. Although it is currently unknown as to who actually integration the crypto with the platform, this is great for adoption.
Wind’s XRPL Labs is making some big contributions in the promotion of cryptocurrency especially when it comes to Ripple’s native token. Aside from the integration that Winds has just achieved, XRPL Labs is also going to be working on launching a decentralised exchange in a similar light to that of Binance.
XRP has been contributing to supporting projects executed by Winds that mostly revolve around the digital asset. The XRP Tip Bot is now a popular bot for sending tips on social media.
In fact, Ripple has gained a lot of traction in making the most developments in the space recently. The cryptocurrency was recently added onto the Coinbase Pro platform and despite the backlash, XRP is still rocking on, on Coinbase.
Back to Woocommerce. The integration of XRP on the online store is probably going to go down as one of the biggest achievements that XRP has made in recent years. Millions of users are going to see XRP and, fingers crossed, they start to use it which will lead to adoption.
When it comes to price the market seems to be doing well at the moment. Bitcoin has finally breached the $4,000 key resistance level and XRP is currently priced at $0.31 after experiencing a 0.49 percent increase over the past 24 hours.
Source: Crypto Daily

UAE Banks Federation Well Aware Of BTC’s Disruptive Power

The Abu Dhabi Global Market (ADGM) and the UAE Banks Federation (UBF) have joined forces to host an upcoming fintech conference in which the aim is to discuss how crypto assets are changing the global financial services sector.
According to a new article posted by Emirates News Agency, it seems as though the fintech conference was full of blockchain and banking related topics which would be enough to satisfy any enthusiast of this booming industry. Also at the conference was a discussion on regulations, big data, machine learning, compliance, regulations and financial surveillance to make everyone feel like they got their money’s worth at the event.
One of the topics that stood out was “how financial regulators and banks can collaborate to develop processes and procedures to address regulatory risks in serving market participants operating crypto assets businesses” despite the whole idea of Bitcoin to fight back against the need for collaborations from regulators and banks.
The participants of the event were all well aware of this but the article suggests claims that “fast-evolving market dynamics mean that banks, financial institutions as well as financial regulators have an important part to play to diligently monitor and keep abreast of such developments, and ensure financial services continue to operate in a robust and trusted way in an increasingly digital environment.” Essentially, legacy financial organisations don’t want to be sat twiddling their thumbs in the corner being rendered useless.
The Chairman of UAE Banks Federation, Abdul Aziz Al-Ghurair has stated “given the rapid emergence of new FinTech such as cryptocurrencies and other crypto assets, it is essential that we develop frameworks and regulations that govern these technologies and developments.”
Following on from this he said:

“With aspirations to become one of the foremost international hubs for finance, we must keep up with the rapid technological changes taking place across the sector. Ensuring a robust monetary and financial market environment is critical to this, and can only be achieved by protecting consumer rights and safeguarding market integrity.”

The CEO of the Financial Services Regulatory Authority of ADGM Richard Teng has given his thoughts too saying “this event highlighted the importance and power of collaboration between regulatory authorities and financial institutions” he continues saying that this builds “the trust and commitment needed to introduce FinTech activities securely into the financial services sector.”
Source: Crypto Daily

Bitcoin Activity Is Still Flying High

Although the price of Bitcoin has remained flat for a long time now, it seems that activity and interest in Bitcoin continues to rise, suggesting that despite the current low prices, people are still interested in Bitcoin and blockchain technologies.
At the time of writing, Bitcoin sits just over $4,000.00, way off the all time high of $20,000.00 that most investors are still holding out for.
Over the past eight weeks, we have seen huge spikes in the volume of active addresses within the Bitcoin network, meaning that over this time there seems to have been a recent surge in Bitcoin interest. This increased activity could contribute to a range of things, from increased buying and selling to exchanges and other wallet to wallet movements. According to Coindesk:

“The 30 day average of active addresses on bitcoin’s blockchain, or the number of accounts that made cryptocurrency transactions at any point during the last 24 hours, total 664,064 as of March 16– up 17 percent from 569,812 seen on Jan. 20. An uptick in active addresses is taken by many as a sign of the cryptocurrency’s increasing popularity or investor confidence. The active addresses count, however, tends to rise even when long-term dormant HODLers move out of the cryptocurrency and into fiat.”

With this in mind then there is a chance that this huge spike in activity could be down to old investors getting bored of waiting for a spike and deciding to sell off their Bitcoin now. The mood is still pretty pessimistic and in all honesty, Bitcoin could continue to drop in an instant, so we can hardly blame long-term hodlers for doing this, can we?
The past few weeks
This surge seems to have taken place over the past few weeks, despite the falling price of Bitcoin. We can’t be certain why, but for some reason it’s apparent that investors are now starting to see a more prominent interest in their Bitcoin. According to Coindesk:

“The 30-day average of network volume has increased from $2.24 billion on Feb. 17, to $2.86 billion on March 16, an increase of roughly 27 percent. In the same time bitcoin’s average price increased just over 8 percent from $3,568 to $3,862. Indeed, Bitcoin’s transaction volume appears to track prices more accurately, but since the number of active addresses is also a valid reflection network usage, it’s worth viewing how the interplay between the two impact bitcoin’s price, if at all.”

Source: Crypto Daily

The Continuous Delay Of Bakkt & It’s Impact

The vision for Bakkt was revealed around six months ago by the Intercontinental Exchange (ICE) and since then, the eager awaited Bitcoin futures market is still awaiting regulatory approval.
The parent of the New York Stock Exchange originally planned to launch Bakkt in December and then it got pushed back to late January. On New Year’s Eve, the launch was indefinitely delayed with the ICE saying that it’s previous aim “will be amended pursuant to the CFTC’s process and timeline.”
Here we are in March 2019 and the first quarter of the year is almost coming to an end. The Commodity Futures Trading Commission has yet to release Bakkt’s proposed exemption for public comment. That means even if the proposal came out today, the launch wouldn’t happen until April time at the earliest since the commissioners have to give the public thirty days to weigh in and then take little bit more time to read the comments before voting on whether to approve the idea.
The proposal would see Bakkt able to custody Bitcoin trading on the platform but as of the end of February, the idea put forward was still being reviewed by the CFTC’s Division of Market Oversight, two officials said.
The government shut down on 22nd December and lasted around five weeks. This created a lot of backlogs at the CFTC and other agencies surely didn’t help matters. In getting caught up, the agency has prioritised other matters, mostly unrelated to cryptocurrency. This includes more than half a dozen enforcement actions announced since the shutdown ended.
That being said, the ambitious nature of Bakkt’s business plan is likely also a factor in drawing out the process.
The Chief Operating Officer at Bakkt, Adam WHite spoke in general terms in regards to the exchange’s work with regulators and suggested his team recognised a need for patience.
White said:

“It’s not the world where you fill out an application, you throw it over the fence and you hope you get it back so you can launch your business. It’s partnering and working with the regulators to help them understand what is hard fork, what a deep chain reorg is, why one blockchain or public blockchain may be sufficient and capable while another one isn’t. It’s very much the approach that we’ve been taking.”

Source: Crypto Daily

What Are Bitcoin Dust Attacks?

When it comes to Bitcoin transactions, they are partially anonymous but it doesn’t take a lot of effort to cross-reference different BTC addresses. Even so, users can still add that extra layer of privacy by using multiple different addresses and other techniques to confuse the blockchain (to a certain extent). But the de-anonymisation method, known as dust attacks, are seemingly on the rise. If the microtransactions that characterise a dust attack go unnoticed, they can potentially be used to identify cryptocurrency users.
Looking at cryptocurrencies like Bitcoin and Bitcoin Cash, they prove to be not private by default. In fact, both digital ledgers are viewable for the whole world to see which means that Bitcoin users have to add their own degrees of privacy to give themselves a better form of anonymity. Privacy techniques that are used by crypto enthusiasts include shuffling coins by using a VPN or Tor as well as just simply avoiding the re-use of an address. Despite taking such measures, there is always going to be a way that people can be identified by blockchain analysis known as a dust attack.
For those that don’t know, a dust attack is an invasive act that could easily go unnoticed. The term ‘dust’ is used to describe a very small fraction of Bitcoin. In order to track further transactions, big quantities of dust are spread across the network in order to target a big batch of addresses.
In fact, there are some users that might not even notice the small amount of dust that they’ve received. Then again, some users will do day to day checks on their transaction logs and especially when they receive Bitcoin. These funds can be used to deanonymize users, there are scripts that can be written that can send a large amount of dust to thousands of addresses simultaneously.
There are numerous ways you can avoid spending the dust and one way to do this is to use different addresses for each transaction.
However, if you’re not bothered about privacy then you can just keep doing what you’re doing. Either that or you can choose to not spend the ‘tainted’ funds and just spend the funds that aren’t dust. With this method, you will have to manually scan for the dust transaction, figure out the address the funds sit in and then choose to leave it alone.
It’s worth saying that if you have had a little bit of Bitcoin sent to your wallet then it might not be a malicious ‘attack’ as it could just be an accident but there are a lot of crypto enthusiasts out there that value their privacy and rightly so.
Source: Crypto Daily

Samsung’s Galaxy S10: Everything You Need To Know

The Galaxy S10 lineup has officially been shown off by Samsung and includes the Galaxy S10, S10+ and the S10e.
The top of the line Galaxy S10 smartphone has been eagerly anticipated for months now to be one of the biggest steps towards mainstream adoption for the blockchain and cryptocurrency industry. The smartphone will offer a significant upgrade over their previous models and will display fingerprint sensors, rear mounted triple camera setups and a reverse wireless charging support. The Galaxy S10e will mark the first time that Samsung has added a so-called ‘affordable’ model to its flagship Samsung Galaxy S series.
During the Unpacked event that took place on 20th February, Samsung also revealed the Galaxy S10 5G but this won’t be available until June.
And so today, we’re going to look through everything we know so far about the Samsung 10th anniversary smartphone lineup below:
Price & release date
You are able to order the Samsung Galaxy S10, S10+ and S10e with shipping already started on 8th March.
Samsung’s souped-up Galaxy S10+ “ultimate power edition”, which packs 12GB RAM and 1TB storage will start shipping later in the month.
If we take a look at the Samsung website we can see that the Galaxy S10 is available with 128GB or 512GB storage for £799 and £999 respectively. Looking at the S10+, there are 128GB, 512GB and 1TB variants available priced at £899, £1,099, £1,399 respectively. The Samsung Galaxy S10e has been dubbed as the ‘affordable’ of the new models which offer a 128GB storage plan which is available from £699.
If you are with EE, the price offering for the Galaxy S10 and S10+ starts from £48 and £53 per month, respectively while the ‘affordable’ smartphone S10e will set you back £44 per month on an EE plan.
Earlier this month, Samsung announced more details about the Galaxy S10 and confirmed that they won’t be supporting Bitcoin on the new smartphone, only Ethereum.
The Samsung Blockchain Wallet is now available to download from Galaxy Apps. It will only support Ethereum and Ethereum derived tokens to start with CoinDesk.
In the future, we are expecting support for Bitcoin but as of now, only Ethereum is available on the smartphone.
Source: Crypto Daily

New York Times Could Launch Huge Blockchain Experiment

The second largest newspaper in the United States and often cited as one of the largest newspapers in the world, the New York Times has recently announced that they could be due to start experimenting in the use of blockchain technologies in order to make their publishing operations more efficient. This news comes after the New York Times allegedly published a new job posting that suggests the firm are looking for an in-house person to design and develop a blockchain based technology (using proof of concept) for news publishers. This, if indeed this is a plan for the New York Times would see them develop the first ever multi-use blockchain based news publishing platform, for mainstream news outlets at least.  
New York Times are employing an individual with a progressive attitude that is able to help design a new blockchain publication product. The aim for the newspaper is to have this individual working alongside the New York Times current research and development team, in order to collaborate and of course come up with a design for this product in the next 12 months. After the initial design phase, we can only assume that the New York Times will pair up with an existing blockchain solution in order to build this product – a blockchain such as TRON could be the key to this, though we are of course speculating here.
According to Coindesk, a part of this person’s file will be to work with experts from other news groups and from academic institutions to design a product that can be used on a universal level – we doubt that this is something the New York Times want to keep to themselves, when they can obviously sell it and generate income through it.

“The candidate should have previous experience innovating in media organizations and leading a combination of engineers, designers, journalists for more than eight years, according to the NYT job posting. Strong skills in communication, writing and presentation, partnerships and collaborations are necessary. The new blockchain leader should also have an established track record in real-world application of new technologies and a mixed skill set with some experience in at least three of: journalism, product, design, software development, hardware engineering, user research. No less important, the job requires a real passion for The New York Times’s mission.”

With this in mind, it does seem that the prospective candidate has some very specific criteria to fill – I guess competition for this role might be quite low considering.
Source: Crypto Daily

Is It Worth It To Trade Crypto CFDs?

CFD is a rather unknown term for an exclusive cryptocurrency trader. It is more in common with other traditional asset traders around the markets. The meaning of the term is “Contract for Difference”. They are usually used by specialized brokers around the world, to provide various assets on their platforms.
Now, why are they a relevant topic for cryptocurrency traders? Well, the fact is that CFD brokers are now offering crypto CFDs as well. It is only natural to ask, which trading strategy is better than the other. In fact, the question arose most commonly in South Africa. You see, South African forex brokers listed here started to offer Bitcoin and Ethereum CFDs en masse and people got quickly accustomed. The reason was quite simple. The percentage of crypto holders in the country was more than any other, according to a recent survey. Therefore the financial service providers jumped at the opportunity.
Crypto CFDs and their applications
The primary feature of a CFD is the fact that it is not the real deal. For example, if you buy a Bitcoin CFD, it doesn’t mean that you are actually buying Bitcoin the cryptocurrency, you’re buying a contract about its price.
So we have a couple of options to trade cryptos already aligned, which is better? To trade with Crypto CFDs, or to trade on the good old exchanges? Let’s discuss that through advantages and disadvantages.
Leverage – advantage
Leverage could also be a completely foreign world for crypto traders. There were some cases where large exchanges like Binance was offering leverage to its customers, but right now there is no trace of it.
Basically, leverage is borrowed money. To go into more detail let’s bring an example. Let’s say that you have $100 on your account. You enter a trade with that deposit and utilize the leverage offered by your company, let’s say it’s 1:10. By using that leverage on your initial investment, you are able to increase your trade size by 10. If the leverage was 1:100, you’d be able to increase it by 100, so you see the pattern. Now you are trading with $1,000 thanks to that 1:10 leverage. At the end of the trade, you need to return all of the money “given” to you by the company plus a little bit extra. Still, you’d be able to pocket way more profit than if you were trading with your initial deposit. Cryptocurrencies themselves, as already mentioned, very rarely come with leverage, about a max of 1:2. But with CFDs, it could be as large as 1:10 or even 1:100.
Security – advantage
Security is always a controversial topic with cryptos. After all of those massive hacks, some traders were actually so discouraged that just abandoned the market. CFD brokerages are far more reliable when it comes to security, compared to crypto exchanges. For one thing, they are far less likely to be targeted, and even if they are, the security is on a completely different level.
Furthermore, if the CFD company fails to protect your assets, they would have to answer to their regulator, which in turn, will compensate for your loss.
Ownership – disadvantage
As already mentioned, Crypto CFDs are not cryptocurrencies themselves. They are just contacts on a certain price-point. This means that although you may have a portfolio of $2,000 worth of Bitcoin CFDs, you don’t own even a fraction of the coin. This has some issues.
First things first, is the freedom of transportation. When a coin is on your wallet, you can pretty much take it anywhere you want and actually use it as a means of payment. The CFD is just a contract that can only be sold on a specific platform.
You don’t get to become a market-maker. Some coins are so small in price and market capitalization, that a single individual can become a market-maker. Meaning that you buy-up so much that you can influence the price at a drastic measure. With CFDs, that is out of your control.
Finite positions – disadvantage
Crypto CFD trades have an expiry date. Usually a week or so. Even if the position at the time of the deadline is not profitable, it will still close. Sure you can extend it, but that costs quite a significant amount.
With cryptocurrencies themselves, you can hold on to them virtually forever and only trade them when the time is right.
Variety – disadvantage
Crypto CFDs don’t come in all shapes and sizes. In most cases, you’d find CFDs on Bitcoin, Ethereum, Dash and Litecoin. Therefore your portfolio is quite restricted right from the get-go.
Cryptocurrencies themselves don’t offer a lack of variety what so ever. You can have hundreds of different coins on your wallet.
Tough choice
As you can see the choice is extremely hard to make. On one hand, you have enhanced trading capabilities through leverage and security. But on the other hand, you carry large risks of not diversifying your portfolio and pretty much alienating yourself from the whole Blockchain industry.
The decision is yours to make here, there are no real recommendations as to which is preferable. The only things to consider are the advantages and disadvantages listed above.
Source: Crypto Daily