Crypto Valley: The Most Innovative Place You’ve Never Heard Of

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Crypto Valley: The Most Innovative Place You’ve Never Heard Of
While all of us have heard of Silicon Valley, Crypto Valley still seems to be quite a mysterious place for many. So what is that destination that attracts the most talented people in the crypto industry? Find out below.
Crypto Valley: The Most Innovative Place You’ve Never Heard Of

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Bitcoin [BTC]: Any reorg can potentially undo the foundational features of Bitcoin, claims Adam Back

Binance CEO Changpeng Zhao’s consideration of an ‘urgent reorg’ as a measure for damage control divided the Twitter community. With most supporters despising CZ’s decision, Peter McCormack discussed the probable outcome on the crypto-ecosystem with Adam Back (Blockstream) and Bryan Bishop (Bitcoin Core Developer), if such a block reorg were to happen in the future.
The interview questioned CZ’s intent behind the block re-org for returning the stolen funds, with Back explaining the technical complications that can compromise exchanges. He further clarified that any type of “reorg can potentially undo the foundational features of Bitcoin like censorship resistance and unfreezability.”
Back added,
“It’s a mockery to electronic cash systems. It loses interesting properties that are baked into the way people use it [BTC] in exchanges.”
Supporting Back’s statement, Bishop shared that few exchanges cannot undergo a reorg as it will require a wholesale replacement of expensive mining equipment. He also explained how this ‘limitation’ helps business leaders like CZ to avoid such decisions during ‘panic mode.’ He backed his explanation by saying,
“If you want to reassemble 51% of the network, you have to coordinate with more people and all these power users are far less likely to follow the expediency of the day.”
Back also highlighted Greg Maxwell’s idea of introducing smart contracts and immutable hardware configurations as a way to prevent GPU-based miners to change/bend the rules. When McCormack stressed on miner’s capability to perform a reorg, Bishop stated that “it will kill the network.” He clarified,
“The existence of alternative blockchains that use the same proof of work function is actually a bad thing because that actually splits up the hash rate onto multiple networks and it lowers the cost of forging an alternate history.”
While CZ was quick to put out the reorg fire with a followup tweet, the crypto ecosystem is yet to find closure after the 7000 BTC hack.
The post Bitcoin [BTC]: Any reorg can potentially undo the foundational features of Bitcoin, claims Adam Back appeared first on AMBCrypto.
Source: AMB Crypto

Samsung Will Expand Crypto-Support to Budget Galaxy Models

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Samsung Will Expand Crypto-Support to Budget Galaxy Models
Samsung Electronics plans to expand crypto and blockchain functions on budget Galaxy phones. It is only one of the steps undertaken by tech giant in adoption and integration of cryptos.
Samsung Will Expand Crypto-Support to Budget Galaxy Models

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Scaling Up to Better Blockchain

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Scaling Up to Better Blockchain
As existing blockchain protocols are often overwhelmed showing extreme limitations, developers around the world are trying to figure out how to eventually push the tech to the next level of efficiency. Elrond team seems to know the answer.
Scaling Up to Better Blockchain

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Source: CoinSpeaker

Key To Crypto Adpotion: HTC May Bring Blockchain Mainstream With Exodus 1s

In 2018, HTC, the Taiwan-based technology giant and smartphone manufacturer, shocked the crypto world when it unveiled plans to launch a blockchain-friendly device. This marked the first time that a large technology corporation had revealed it was allocating serious capital towards a cryptocurrency product.
Unlike many other ventures in this embryonic industry and contrary to critics’ expectations, the device, dubbed “EXODUS 1 (One)” by HTC, has flourished. In fact, industry legends, namely Ethereum’s Vitalik Buterin, have adopted the phone for day-to-day use. The EXODUS team, led by venture capitalist and technologist Phil Chen, is looking to build on its initial success with a new device — the EXODUS 1s.
Related Reading: HTC Will Accept Fiat Currency for Exodus Crypto Smartphone
Crypto-Friendly EXODUS Phone To See Refresh
Announced Saturday at New York’s Magical Crypto Conference, hosted by Litecoin’s Charlie Lee, Samson Mow of Blockstream, Whale Panda, and Riccardo Spagni, the EXODUS 1s is expected to be a more “value-oriented” version of its predecessor.

#MCC2019 main stage. Where is everyone?! pic.twitter.com/HO7UX31vu6
— Magical Crypto Friends (@magicalcrypto) May 11, 2019

The best part, the EXODUS 1s won’t be rife with compromises. Instead, the new device will contain the “revolutionary pairing of smartphone technology with blockchain technology” that has existed, succeeded, and is being built on top of right now. It is important to note that the EXODUS 1s’ specifications have yet to be divulged.
What makes this new offering tantalizing is that it will be sold at a lower price level (cost to-be-announced), giving users in developing nations, many of whom need access to financial services, a chance at benefiting from HTC’s technologies. A press release elaborates:
“It will allow users in emerging economies, or those wanting to dip their toes into the crypto world for the first time, easier access to the technology with a more accessible price point. This will democratize access to crypto and blockchain technology and help its global proliferation and adoption.”
What’s more, the EXODUS 1s will purportedly be the first consumer-facing smartphone to have full node capabilities, giving its users the opportunity to download the full Bitcoin blockchain to their phone, disvaluing third-party nodes that can be manipulated and improving privacy. In a comment, Phil remarked that “full nodes are the most important ingredient in the resilience of the Bitcoin network”, and that lowering the barriers to entry in this arena will help the establishment of a “free world” predicated on decentralized technologies.
In the aforementioned press release, HTC also divulged that it has open-sourced the Zion Vault SDK, some of the tech behind EXODUS’ on-device cold storage and asset management system; partnered with privacy-centric search browser Qwant; enabled Ethereum block explorer Etherscan; and has expanded support for ERC-721 crypto assets, which could be integral to the impending blockchain revolution.
This recent announcement confirms local reports released over the past two weeks. For instance, DigiTimes reported that according to Phil Chen explained that his team’s flagship product was to be succeeded by a newfangled device. He said that “in addition to supporting the management of cryptocurrencies and related technologies,” along with the security of digital assets/collectibles, the new smartphone will include blockchain-enabled applications for browsing, messaging, social media, among other areas.
The Importance Of Blockchain-Enabled Devices 
To some skeptics, a “blockchain phone” may sound questionable, but Phil Chen claims that Exodus is of utmost importance. In an interview with NewsBTC, he further explained his thoughts on the matter. When asked about the importance of Exodus, Chen remarked that if you boil the smartphone down, he thinks it’s the “only phone that empowers users to own their private keys.” He adds that this simple feature is a “foundational principle” of the decentralized web, which cryptocurrencies are and will continue to be integral too.
On the matter of why owning one’s own private keys is essential, Chen tells NewsBTC that consumers should care about their personal data, as “the way we are trading small conveniences in exchange for micro invasions of privacy,” has “major ramifications,” even for democracy. He concludes:
“There’s a very moral movement around this. When you don’t own your crypto assets or data or identity, there is something fundamentally wrong about that. If there’s a sovereign identity that is you — things that you’ve created, attributes or characteristics that describe you —  that you don’t own, there’s something entirely wrong, especially because we are this far into the information age, and there’s no concept of digital property — what is yours, what is mine… These people would have likely read the book 1984 to understand the issues with all this.”
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The post Key To Crypto Adpotion: HTC May Bring Blockchain Mainstream With Exodus 1s appeared first on NewsBTC.
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dApps for Business Ecosystems Now Made Easy by Squeezer.io

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dApps for Business Ecosystems Now Made Easy by Squeezer.io
Squeezer.io will solve the problem of expensive blockchain developers with its three services allowing to develop decentralized apps with the utmost ease.
dApps for Business Ecosystems Now Made Easy by Squeezer.io

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No, Binance Won’t Be Rolling Back The Bitcoin Blockchain

Following this morning’s $40 million hack of the globe’s largest crypto asset exchange there were calls to roll back the Bitcoin blockchain to nullify the fraudulent transaction.
Binance boss Changpeng ‘CZ’ Zhao said in an earlier AMA that the company was deciding on whether to push for a possible rollback. The move comes as the crypto community reeled from the hack of one of the industry’s most respected and secure exchanges. Citing that cryptos were still in the secure asset fund for users (SAFU), Binance announced a full refund of all of the lost 7000 Bitcoins in the single transaction heist.
Binance started depositing 10% of trading fees every month since July last year to the SAFU fund and it is estimated to have a stash of around $2 billion in Bitcoin, and more in other altcoins.
Zhao spoke of the proposed rollback, which would demand over 51% of the hash power, stating;
“To be honest, we can actually do this probably within the next a few days. But there’re concerns that if we do a rollback on the Bitcoin network at that scale, it may have some negative consequences, in terms of destroying the credibility for Bitcoin.”
Rollback Proposal Rolled Back
The crypto community reacted quickly and vehemently to suggestions that one centralized exchange can meddle with Satoshi’s baby. Crypto pundit WhalePanda responded quickly with;
“No one is going to re-org the Bitcoin blockchain over this.
1) no bailout should ever be done, this isn’ Ethereum
2) 7000 btc isn’t that much for Binance (if they were honest about how much they are making)
3) play stupid games, win stupid prizes.”
With this vitriolic attack following;

While we're at it, can we please undo the Bitfinex hack and MtGox as well?Fuck it, let's just reset everything and start from 0.
— WhalePanda (@WhalePanda) May 8, 2019

The decision was quickly overturned and CZ announced that they had decided not to pursue any blockchain meddling.
 “After speaking with various parties, including @JeremyRubin, @_prestwich, @bcmakes, @hasufl, @JihanWu and others, we decided NOT to pursue the re-org approach.”

After speaking with various parties, including @JeremyRubin, @_prestwich, @bcmakes, @hasufl, @JihanWu and others, we decided NOT to pursue the re-org approach. Considerations being:
— CZ Binance (@cz_binance) May 8, 2019

A number of cons were cited including damaging the credibility of Bitcoin, causing a rift in the network and community, using the hack as an opportunity to improve their security, and owning up to their responsibility to secure users funds. CZ finished off with this tweet declaring;
“To put this to bed, it’s not possible, bitcoin ledger is the most immutable ledger on the planet. Done.”
The crypto community is of mixed opinion on the entire imbroglio with some lauding the exchange for its transparency while others lambasting it for being a central point of failure which wields way too much power over the industry;

The central bank of Bitcoin has spoken! https://t.co/Q0udTpiEuz
— Anthony Sassano (@sassal0x) May 8, 2019

Either way crypto markets survived the expected avalanche and are still trading within their range bound channel with Bitcoin expected to push higher over the coming days.
Image from Shutterstock
The post No, Binance Won’t Be Rolling Back The Bitcoin Blockchain appeared first on NewsBTC.
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Bitcoin [BTC] may have a royal fan; Prince Charles tips his hat to blockchain and cryptocurrency

Bitcoin may be the best performing financial asset in 2018, Bitcoin may have seen a massive 50 percent growth in 2019 alone, Bitcoin may have broken multiple resistance levels, entered the Golden Cross and initiated its bull run, but it certainly doesn’t compare to this.
Prince Charles, the heir apparent to the British monarchy and eldest son to Queen Elizabeth II tipped his hat to Bitcoin and its underlying technology, the blockchain. While greeting a buoyant crowd in Germany, the Prince of Wales, in the unlikeliest of events, responded to a question about Bitcoin.
According to this video from @coindorado, the Prince was asked about Bitcoin and cryptocurrencies whilst in Berlin. He initially shrugged the question, stating “Don’t know about that one,” amid possible confusion, however, the mention of the underlying technology of “Blockchain,” made him gather his thoughts. The second in line to the 1,200-year-old monarchy stated about the currency that aims to replace the pound:
“Very interesting development,”
Despite the passer-by nature of the comment, the semblance of appreciation for cryptocurrency and blockchain by a 70-year old prince of the most prominent royal family in the world is a testament to the growth of the industry beyond its regular crowd. When Satoshi Nakamoto drew up the Bitcoin whitepaper, he didn’t quite picture Prince Charles to be a fan.
Could be the start of monarchies adopting cryptocurrencies and launching their own token sales to boost their standing amongst their citizens? Maybe royal baby names could be voted on via lottery sales based on the royal tokens held.
I hope Binance is taking note and is looking to list a VICTORIA [VIC] token in the coming months.
The post Bitcoin [BTC] may have a royal fan; Prince Charles tips his hat to blockchain and cryptocurrency appeared first on AMBCrypto.
Source: AMB Crypto

How to Start Crypto Investing

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How to Start Crypto Investing
Want to invest in Bitcoin, Litecoin, Ethereum or any other crypto? Want to become part of Blockchain technology? Hoping for a financial windfall? Check out “How to Start Crypto Investing” tips that will help you get started.
How to Start Crypto Investing

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Lisk Founder On Why This Crypto Winter Is The Best In Bitcoin’s History

In March, NewsBTC sat down with Max Kordek, the founder of Lisk, to pick his brain about his project, the broader crypto and blockchain industry, and the future of Bitcoin.
Related Reading: HTC Exec: Facebook Coin is like the Intranet, Bitcoin is like the Internet
The Latest On Lisk
NewsBTC: Thanks for sitting down with us. For those who don’t know Lisk, can you give us a 30 second to a one-minute explanation of your project in general?
Max Kordek: Lisk is a blockchain application platform with its own crypto asset, LSK. We aim to enable devs and entrepreneurs to create their own blockchain, which is fully independent and customizable to a large degree. The second step will be interoperability, so that these independent blockchains become sidechains, which then interact with the mainchain and each other, becoming an independent part of the bigger internal ecosystem of Lisk. Our tools are based on JavaScript which taps into a fast evolving programming language, rich developer base, and open source culture. We’ve also recently diversified a section of our code to TypeScript, which will support larger application building.
NewsBTC: Cool. So why did Lisk decide to go with DPoS instead of PoW? Were there centralization risks?
Max: My journey in blockchain first began with the purchase of a Litecoin miner in 2012. Back then, I was living in this very small student apartment in Germany, which was only about 20 square meters. The small space made the miner run super hot, and after two months I had enough. Through this experience, I’ve started to develop a dislike against the kind of inefficiency and this waste of electricity that Proof of Work systems create. I then began to look into alternatives to mining. I stumbled across NXT, then Peercoin, the first viable Proof of Stake coin in existence, which I fell in love with. It was amazing to have a server, which cost $10 to $20 a month to maintain and run the network from. I got really active in that community. Eventually, Peercoin fell apart, mainly because they failed to establish an organization to actually push the technology forward.
After Peercoin, I found Crypti, which provided that central business pushing the protocol forward. It was also the first organization where I discovered the Delegated Proof of Stake (DPoS). However, Crypti also had its own issues with a very small team and even lower levels of funding. I decided to create something new with my partner Oliver Beddows. From the get-go, we knew it shouldn’t have anything to do with PoW. That’s how Lisk and Lightcurve came about. There are many benefits of our form of DPoS, but one of the main ones is that it is beneficial to what we specifically are building. If you want to create a blockchain platform where people can just spin up their own chains, DPoS is much easier to kickstart and safer to maintain than normal PoS. If you rely only on pure PoS, it may not be very secure, so it’s better to have delegates you can trust.
Max Kordek
Delegates on the Lisk network know the codebase and the network through and through. Many of them build open source solutions and products, spot bugs on our Testnet, or migrate to critical releases in an extremely timely manner! It depends on what use case you want to implement, but having a secure network is what most of our stakeholders can agree on. As to centralization risks, there is a degree of fluidity to our network with some individuals entering and falling out of the delegated 101. We’ve also recently opened up the Lisk Improvement Proposals where both Lightcurve and community authors can submit their own proposals for how to make our consensus algorithm even better.
NewsBTC: With DPoS, EOS enlists 21 delegates and Ark, 51 delegates. So how did you come with the 101 delegate number?
Max: Dan Larimer runs EOS. Before EOS he ran Steemit and Bitshares, which utilized 101 delegates. We took the same number, which both he and Charles Hoskinson used back in the day, because it is a good balance between centralization and decentralization. 21 delegates are too few. Sure, the network is high-performance, but 21 entities controlling the network could be dangerous. 500 or 1,000, on the other hand, is too much, as such a number of delegates would cause too many inefficiencies in the network. So to put it simply, for us 101 delegates sits right in the sweet spot of the number of nodes necessary to move our blockchain forward, while the odd number gets rid of the ties by ensuring there’s always a majority on the network.
NewsBTC: What’s your vision for Lisk Academy? Do you guys want to spark adoption through education?
Max: Even after the bull market of 2017, only a few people on the street know what Bitcoin is, let alone the underlying technology of blockchain. We need to educate those who have the power to interact with blockchain, whether its building or investing. Right now, it’s not even about Lisk, but just blockchain as a technology. The next step is accessibility, meaning that we should ramp down the complexity of the blockchain ecosystem to aid the user experience. Once you educate people and they have access to the ecosystem, then you onboard them onto projects like Lisk and our SDK.
This is why we don’t attend as many conferences as Token2049 anymore. It sounds a bit bad, but we don’t want to constantly be in this kind of a crypto bubble. We need people from outside of the industry to enter. But they won’t enter without education. We just need to have a go-to place for people to learn about blockchain and Lisk. We also provide educational marketing content and documentation for developers wanting to take the next step and experiment with our technology.
Kordek’s Thoughts On The Crypto Industry
NewsBTC: So do you think that education is the one thing holding back crypto adoption right now?
Max: I think many things are holding it back currently. One is definitely education. If we just don’t know or understand what it is, we won’t adopt it. Right now we need builders, who harness this technology to come up with viable use cases. And they, of course, need to know how this technology works. My mother doesn’t need to know about blockchain. But my developer colleagues who actually have the power to build need to know the ins and outs of not only blockchain technology, but also blockchain building and everything else needed to get them coding.  Another problem is use cases. People still ask, ‘what can we really achieve with this technology?’ People have no clue yet. Building on Ethereum is tough right now, but it’s the best experience in the industry by far. It isn’t optimal, so we need much better tooling and use case inspiration for developers. That, in my opinion, is why adoption has been pretty much slow.
NewsBTC: What is your end vision for this ecosystem? Do you see a world where everything is based on these technologies?
Max: I don’t think that everything will be based on blockchain. Yesterday I was on a panel discussion covering a very interesting topic — Web 3.0. It was said that blockchain is one technological level above texting (Web 3.0 v.s. 2.0). The Internet as a whole still has Web 1.0 applications, including simple internet pages and so on. Those don’t go away. And why should they? We have Web 2.0 pages, like Facebook, Twitter, etc. They will not disappear because of blockchain. So not everything will be run on blockchain, but there are quite a few processes that can be optimized with this technology. I’m a strong advocate for sure, but I just don’t see it as the golden technology that will disrupt absolutely everything. Right now, we don’t even have one use case that has reached 100,000 daily active users. Facebook, on the other hand, has one billion active users. So in the end, I see a world where blockchain really helps people in very specific industries and solutions.

NewsBTC: So you’re saying that I guess there have been there’s been very little adoption right now, but what’s one application for one use case that you think has a lot of potential?
Max: Right now, we’re still heavy in the R&D regarding which use case will be most suitable for our technology. One industry we want to start off with is definitely gaming. That’s an obvious use case right there, given opportunities for tokenization and so forth. Governmental work like notarization or traveling documentation is a pain right now that could easily be improved by blockchain. These processes can be optimized with a digital identity system that automatically checks you and is stored on the blockchain for secure and cross-border access. There are many use cases out there. In the end, we are creating technology that is customizable and scalable enough to allow many of these to be explored.
NewsBTC: How has this bear market been compared to ones seen previously?
Max: The previous ones were much worse. Bitcoin went from like $1,000 to $150, and people were saying that you should pack your bags and say your goodbyes. At that time, there was no development happening. There weren’t these global conference chains with thousands of attendees. It was really dark on Reddit. And now, we’re potentially just coming out of another crypto winter, but there are 20 to 30 meetups happening in Hong Kong this week, even more across the world. If you go on our GitHub, subscribe to Crypto Twitter, or check out big crypto publications, you can see there’s a wide range of activity going on amongst the projects that survived this crash.
There’s so much that is happening. There’s seriously much more development than any other point in blockchain’s history. So for me, the ones before were much worse economics-wise, activity-wise, and sentiment-wise. The thing is, we are patient because we see a big future ahead of this technology. This is just part of normal market cycles. The companies are getting more serious, and the first iterations of products are beginning to pop up. For example, we’re about to release our Alpha SDK, the first version of our blockchain-building toolkit that will allow developers to create proof-of-concept applications aligned with our codebase.
NewsBTC: Do you think that the crypto market is oversaturated at the moment?
Max: Well, I made my own altcoin, so it’s very hard to comment on that one. What I think is that the market overall regulates itself, especially when it feels oversaturated. You see crypto assets that are dropping lower and lower on CMC, as they have no activity, no trading volume, and that’s totally fine by me. That’s a sign that it’s oversaturated. And I assume that is why projects are dying as the market stabilizes and matures. There’s still potential for thousands and thousands more crypto assets and projects around them. I just want to see projects with an actual use case and a true focus on development. In our case, Lisk will be used for registering a sidechain. In Ethereum’s case, it can be used for smart contract execution. But why do all these other apps need a token? Status, for example, a messenger project, doesn’t really need a token. I have not looked into it in-depth, but that raises a question mark. So yeah, I think it’s saturated, but it’s regulating itself in time and legitimate technology with a good business backing stays afloat.
NewsBTC: How has the Lisk team been doing in this market cycle?
Max: Lisk is always progressing at a sustainable pace. The technology is going forward as I mentioned before with the upcoming release of our Alpha SDK. Things on the business side are playing support to the constant development – we were lucky enough to have a professionalized financial team to help us diversify our holdings. This gave us a healthy balance of fiat and crypto, which resulted in extra stability throughout this bear market. We’re also continuing to grow our business and fostering a global developer community. Our community members actually started physical developer spaces across the globe, including the Netherlands, Japan, and China. There’s a lot of activity happening on GitHub and real life!
The Future Of Bitcoin 
NewsBTC: How do you expect for the crypto market to play out over 2019?
Max: I really have no idea. It could go up or down. But right now, it seems to be stabilizing very slowly. Eventually, though, there could be another, let’s call it, wick lower. I assume personally that it will continue to go up towards the end of next year. In 1.5 years is the Bitcoin halving, so the market could go up because of that. But I don’t care really. It’s not only about the money.
NewsBTC: What do you see Bitcoin as? Is it an SoV, MoE, or anything else?
Max: I think of it mainly as a store of value with complete independence of any other market. That means you can just fill up your portfolio with 1% to 2% with it, and it can act as a secure investment next to gold. I also tend to see it as a means of exchange, I bought some stuff online with BTC recently. Yesterday, I went to the Lotus Bar in Hong Kong, which accepts Bitcoin. It’s a nice thing, but I’m not going to go there every time just to use BTC. So in end, it’s more of a store of value. It’s important to add that I also see it as a stepping stone for blockchain technology overall. It may not be the most scalable, but it’s inspiring. It may not be a world currency, but it should become a means of exchange in one way or another.

NewsBTC: What do you think of the whole JP Morgan Coin or FBCoin? Do you like what they bring to the table?
Max: I know many many people who hate Mark Zuckerberg in the industry, but it’s important to remember Facebook is a tech company at the end of the day. When your company grows as large as Facebook did, it’s hard to stay true to your original ethos. Many things can go wrong. And maybe Facebook had many things go wrong this year, but it isn’t the fault of Mark Zuckerberg alone. I still think Zuckerberg has the best things in mind. I see FBCoin as an interesting concept. I’m not too sure how scalable it will be, as WhatsApp or Facebook itself has billions of users. But why not? I think it will be pretty cool, no matter if it’s decentralized, centralized, etc. As long as it uses blockchain technology, that is exactly what we want and need. JP Morgan Coin, on the other hand, is something I hate. First, they say Bitcoin is a scam, then they were revealed to have participated in the Bitcoin market, and then they suddenly come up with their own coin. At the end of the day, JP Morgan isn’t a technology company, so they shouldn’t do that. This project is just for their monetary gain. They should stick with the old economy and do their crap there. They don’t really belong here.
NewsBTC: It’s my final question. Can crypto succeed without institutional involvement, like investments from those on Wall Street?
Max: Yeah definitely. I think people are more powerful than institutions. With blockchain and Bitcoin, we’re going towards true peer-to-peer transactions and exchanges. On a global scale, this will be much more powerful than any institution in the world. Still, financial institutions are great leverage, as they can give people the power to make this whole movement. We can utilize those institutions, but we don’t need them in the end.
Featured Image from Shutterstock
The post Lisk Founder On Why This Crypto Winter Is The Best In Bitcoin’s History appeared first on NewsBTC.
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Coffee on Blockchain – Starbucks Partners with Microsoft To Leverage Blockchain Service

Microsoft in its latest blog post announced that Starbucks is working together with Microsoft for a new project with the implementation of emerging technologies including Blockchain for tracing coffee.
Coffee Tastes Better with Tech
In March last year, Starbucks said its new launch of ‘bean to cup’ on top of blockchain technology and its pilot testing with coffee farmers in Costa Rica, Colombia, and Rwanda. Nevertheless, the latest release of may 06, reveals United States-based coffee chain Starbucks will be leveraging ‘Microsoft Azure Blockchain platform’ for its digital traceability technology.  Concerning this, Microsoft CEO Satya Nadella appreciates the collaboration and states that;
“They are coming together to completely take what is that iconic experience that is Starbucks and incorporating digital throughout,”
Per the statement provided by Microsoft, customers can track the production of Starbucks coffee and will help coffee bean farmers to leverage financing opportunities on the backend. Azur Blockchain by Microsoft is a newly launched blockchain-as-a-service (BaaS) on May 02. In addition, Azur blockchain will help businesses build their application on its Cloud-based platform – as such, it presently supports JP Morgan Chase’s Ethereum powered Quorum platform.
Azure blockchain perhaps helps the coffee farmer to know and understand ‘where their bean go after they sell them’. This encourages awareness among farmers as well as to see the impact of the coffee they’re selling. It further mentioned the process of technology as;
Each state change is recorded to a shared, immutable ledger providing all parties a more complete view of their products’ journey.
Following the process, Starbucks senior vice president of Global Coffee & Tea ‘Michelle Burns’, states that;
“While high-quality, handcrafted beverages are so important, it’s the stories, the people, the connections, the humanity behind that coffee that inspires everything we do, he said. This kind of transparency offers customers the chance to see that the coffee they enjoy from us is the result of many people caring deeply.”
What’s your take on Starbucks leveraging blockchain towards their digital coffee tracking platform.? Let us know in the comment below 
The post Coffee on Blockchain – Starbucks Partners with Microsoft To Leverage Blockchain Service appeared first on Coingape.
Source: CoinGape

355 Million Overseas Workers Need Flexible Remittance Alternatives

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355 Million Overseas Workers Need Flexible Remittance Alternatives
By using blockchain technology for microfinancing, AssetStream, global decentralized P2P microfinance platform, set to create a layer of trust and security between borrowers and lenders.
355 Million Overseas Workers Need Flexible Remittance Alternatives

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Source: CoinSpeaker

Bitcoin Fundamentals and Technicals Flip Overwhelmingly Positive

2018, by many measures, was the crypto ecosystem’s worse year yet. Digital assets, even Bitcoin (BTC), lost over 80% of their peak value on average; industry startups laid off chunks of employees or shut down entirely; and the words “crypto” and “blockchain” receded from the limelight, becoming a painful memory for those who “FOMOed” near early-2018’s peak.
However, an array of data and other key pieces of evidence tells us that more likely than not, 2019 will be an absolutely monumental year for Bitcoin. Let’s take a look.
Bitcoin Fundamentals Signal Crypto Winter’s End
For some reason or another, the Bitcoin blockchain has recently begun to see a monumental uptick in usage. Some have attributed it to Veriblock, a so-called “Proof of Proof” system that helps secure non-Bitcoin chains, while others have looked to growth in mainstream and real-world adoption and speculative use cases.
Regardless, as recently noted by commentator Armin Van Bitcoin, the average number of daily transactions involving BTC is nearing its all-time highs of around 400,000, which were last seen at the peak of the 2017 bubble.

Transactions / day approaching ATH (~400,000 per day ). Last time we had this, fees were 500-700 sat / byte. Today, fees are 15-30 sat/byte.#Segwit worked.Batching worked. Lightning worked.#Bitcoin scaled.
Have a nice day! #BitcoinIsScaling #LightningNetwork pic.twitter.com/GMupYlSTWz
— A v B (@ArminVanBitcoin) May 4, 2019

Speaking in response to this specific statistic, Tom Lee, the head of research at Fundstrat, told CNBC that this is one of the chief reasons why he, alongside his analyst peers, believes that “crypto winter” is rapidly thawing.
What’s more, as the average daily transaction count has increased, so has the U.S. dollar value of BTC and the number of BTC transacted on-chain. A recent installment of Diar Newsletter has revealed that in February, $70.5 billion worth of value and 19.1 million BTC were transacted on the blockchain. These same indicators now read $132.6 billion and 25.7 million, respectively — an increase of 88% and 34.5% in a three-month time span. Explaining growth further, Diar’s editorial team wrote:
“Coins moved on-chain outpaced dollar value hitting a 14-month high in April. With a value of over $130Bn, the transaction volume closes in on June 2018 levels when the price of BTC averaged $7,000 – 35% higher than today.”
Despite the influx of use, transaction fees have remained low. Per stats compiled by Armin, last time Bitcoin was seeing this much use, fees were nearing 500 to 700 satoshis per byte. Now, that same statistic sits at a mere 15 to 30 satoshis per byte — over 95% lower than what was seen just over 15 months ago. This, in the eyes of many, is a sign that technological improvements, like transaction batching by service providers, segregated witness, and the Lightning Network, have begun to materialize, producing tangible, solid results.
Related Reading: Could Bitcoin’s Recovering Hash Rate Signal that BTC is Gearing Up for a Massive Price Surge?
And to put a cherry on the proverbial Bitcoin cake, mining activity has begun to resume, as exemplified by the recent monumental growth in hash rate. Kevin Rooke, a Canadian cryptocurrency researcher, recently remarked that the network’s hash rate is up 38% since the start of 2019, and is down a mere 6% from its all-time highs. As Austrian economist and Bitcoin diehard Saifedean Ammous remarks in response to the aforementioned statistic, “reports of Bitcoin’s death have been greatly exaggerated again.”

Bitcoin hashrate is exploding.
Up 38% in 2019 Only 6% from all-time highs pic.twitter.com/6dJjuQ3emN
— Kevin Rooke (@kerooke) May 4, 2019

This growth has led some indicators, especially those championed by cryptocurrency researcher Willy Woo, to signal that this cycle’s bottom is in and that Bitcoin may be poised to soon rally strongly.
Technicals Too Lean In BTC’s Favor
Not only are on-chain statistics signaling that Bitcoin isn’t in dire straits, but so are technicals. While Bitcoin’s move higher has slowed over the past 24 hours, one analyst, Murad Mahmudov of Adaptive Capital, claims that there are still an array of indicators revealing that BTC still has room to run.
As reported by NewsBTC previously, Mahmudov, who has risen to prominence to become one of the most well-respected voices in the cryptocurrency ecosystem, drew attention to 20 reasons why Bitcoin is currently bullish. Here’s a breakdown of a few of his key points.

6/20. Weekly Looks very bullish, man — already fully broken through EMA89 and MA50 which both caught multiple local bottom and top areas in both previous and current cycles. pic.twitter.com/huDxPgU4gp
— Murad Mahmudov (@MustStopMurad) May 4, 2019
Firstly, Bitcoin is currently trading in the midst of an ascending channel, marked by consistent higher lowers and higher highs. With BTC continuing to hold this pattern with an impeccability, a move higher to potentially break out of the upper bound of the channel seems likely.
Next, the Stochastic Relative Strength Index (RSI) and the traditional RSI are both showing bullish signs, both accentuating that the crypto market isn’t overextended and thus has room to run.
Thirdly, BTC is currently trading above key moving averages, like the 50-week simple moving average and 89-week exponential moving average, which “caught multiple local bottom and top areas in both previous and current cycles.”
And lastly, as hinted at in previous reports, there has been an unprecedented rally in the amount of BTC upon in short contracts, resulting in postulation, from Mahmudov and others, that a massive short squeeze may soon be inbound.
Related Reading: Tether Scandal Could Cause Big Bitcoin Short Squeeze, Boosting BTC: Analyst
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The post Bitcoin Fundamentals and Technicals Flip Overwhelmingly Positive appeared first on NewsBTC.
Source: New feedNewsBTC.com

Chancellor of British High Court, Sir Geoffrey Vos urges legal community to clearly define and identify crypto-assets

The Chancellor of the British High Court, Sir Geoffrey Vos, made headlines after he discussed the possibility of recognizing ‘crypto-assets as property,’ within the current stature of the law. The lecture was held in Liverpool and focused on finding ways to improve people’s confidence in smart legal contracts.
Sir Geoffrey began his speech by addressing the absence of “an end-to-end smart legal contract in financial services or in any other sector.” He attributed this problem to the lack of trust among mainstream investors due to the “legal uncertainty that pervades the use of so-called cryptocurrencies and cryptoassets.”
Additionally, Sir Geoffrey read out current definitions of ‘property,’ ‘asset,’ and ‘contract’ to point out the legalities surrounding the terms, according to the English law. Following the argument, he explained,
“First, there needs to be an identification of whether cryptoassets are, or are not, property under English law. If they are not, a quick and simple legislative approach needs to be considered.”
As the lecture concluded, Sir Geoffrey called out lawyers and the legal system to “put forward a persuasive case
that highlights the economic benefits and boost the confidence of the investors.”
Additionally, he addressed the people within English law to urgently establish a foundation as trillions of smart legal contracts are expected annually.
The post Chancellor of British High Court, Sir Geoffrey Vos urges legal community to clearly define and identify crypto-assets appeared first on AMBCrypto.
Source: AMB Crypto