Opera Plans To Support Tron DApps and TRC-20 Tokens on its Web3 Browser

Opera Software announced its intention to soon support TRON’s TRX and other TRC-standard tokens within its browser. Currently, it supports on Ethereum and ERC-20 tokens on its Dapps browser.
Krystian Kolondra, EVP at Opera, Head of Browsers noted in the announcement that,
“TRON is a popular, quickly developing blockchain with a swiftly growing dApp ecosystem. We are happy to open our browser to it,” She added  “By opening products to multiple blockchains, we are accelerating the mainstream adoption of Web 3.”
Opera launched the Web3 browser and in-built crypto-wallet in December 2018. Web3 browsers are new age browsers that enable the browser API to interact with the blockchain and smart contracts underneath it. It works like any other web browser on the top, but the data and information are actually being executed on a secure blockchain platform like Ethereum or Tron. Opera Web3 Browser plans to add support for more such blockchain platforms during this year.
This is a significant piece of news which guarantees increased adoption of Tron across all platforms. TRX instantly surged by over 6% in 4-hours. Currently, Tron is testing the resistance near its yearly high around $0.0305.
TRX/USD 1-Day Chart (TradingView)
The price of TRX at 15: 30 hours UTC on 15th May 2019 is $0.0299. It is trading 11.95% higher on a daily scale.
Also read: 888Tron Dapp displays Tron’s supremacy by clocking 25 transactions per second
Tron has more than 400 Decentralized Applications built on its blockchain. Moreover, it processes more than 3 million transactions daily. It is one of the fastest growing blockchain projects with a wide scale adoption in the entertainment and e-gaming industry. Justin Sun was also excited about the announcement. He said,
“We are excited that Opera, a mainstream browser with hundreds of millions of users, will now seamlessly support TRX and other TRON tokens,” He added”Soon, Opera users will be able to use dApps on the TRON blockchain. “
Do you think Tron will lead the blockchain-based internet in the future? Please share your views with us. 
The post Opera Plans To Support Tron DApps and TRC-20 Tokens on its Web3 Browser 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

Xether Launches Transparent Gambling Ecosystem on Smart Contracts

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Xether Launches Transparent Gambling Ecosystem on Smart Contracts
Owing to modern technologies, online gambling has changed a lot. Xether is here to show how transparent and fair online games can be today.
Xether Launches Transparent Gambling Ecosystem on Smart Contracts

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How Strong Partnerships Benefit Fantom, the New ‘Korean EOS’

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How Strong Partnerships Benefit Fantom, the New ‘Korean EOS’
Fantom, the world’s first DAG-based smart contract platform, is about to become a next-generation alternative to blockchain.
How Strong Partnerships Benefit Fantom, the New ‘Korean EOS’

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Russian Federation Passes a Law on Bitcoin, Cryptocurrencies and Smart Contracts

The Lower House of the Russian Federation has voted to enact a law on ‘digital economy’ which will come to effect from October 2019. President Putin had asked the Federation to draft a bill related to digital assets so that they can be regulated in Russia. The Federation recognized the widespread use of Blockchain and cryptocurrency in Russia, and have hence, included it in the Russian Law.
The law is passed to regulate the Bitcoin and cryptocurrency markets in Russia while providing conditions for introduction and transaction of the same. The Russian senate has also envisioned the ‘tax regime’ is a relation to such digital assets.
However, the bill is introduced as a series of norms for the citizens rather than a direction to the executives; regarding the responsibilities of the citizens while using such ‘digital assets.’
Vyacheslav Volodin, Chairman of the Russian State Duma, said the digital rights law “forms the basis for the development of the digital economy. This is a new area for our rights, thus it is important for us to consolidate the basic concepts.”
Cryptocurrencies are Digital Rights, Not Money
According to the Senate, the law on digital rights will apply to ‘digital money’ as well. The bill specifies that: the creation of digital rights, the scope of their use and turnover will be determined by federal laws containing regulations public law and developed with the participation of the Bank of Russia, Ministry of Finance, Ministry of Economic Development and other departments.
According to the new law, ‘digital rights’ rules will apply to ‘digital money (or cryptocurrencies).’
The law also established that ‘digital money’ or more commonly cryptocurrencies are not legal means of payments. Nevertheless, individuals and entities can accept it as a means of payment in controlled quantities.
Moreover, it also hinted at the requirement of KYC and AML compliances and called for technical recording mechanism to retain transparency with the Government.
Smart Contracts Too Get A Partial Approval
The law also defined the concept of ‘smart contracts’ being an automated process and confirmed that the same rules of digital rights apply to smart contracts as well. Hence, identity verification and record transaction are essential for its use in Russia.
The Russian Federation confirmed that post its implementation, the unregulated ‘tokens market’ will cease to exist. The Federation is concerned about the use of cryptocurrencies in financing terrorism and money laundering. Hence, the inclusion of ‘digital rights’ law into the Russian civil code will provide for a legal framework for establishing a tax regime on it as well.
Bitcoin and cryptocurrencies being regulation in Russia will set an example for other smaller neighboring countries and create a positive impact on the cryptocurrency markets.
Which countries do you think will regulate Bitcoin next? Will it be a positive regulation? 
The post Russian Federation Passes a Law on Bitcoin, Cryptocurrencies and Smart Contracts appeared first on Coingape.
Source: CoinGape

Kyber Plans To Implement Its Protocol Across Smart Contract- Enabled Blockchains

Kyber protocol has always stood out in the crypto world because its on-chain liquidity protocol enables instant and seamless transactions between platforms, ecosystems and other use cases. But now the team behind Kyber protocol is planning to move a step ahead and bring its protocol across smart contract– enabled blockchains
Kyber lists down its three key objectives for 2019
Just like other projects in the decentralized world, Khyber too has listed down its key long term objectives as well as plans for 2019.  The three key objectives that Khyber plans to fulfill in the coming year are

Expanding the scope of Kyber, by moving towards permissionless liquidity protocol that can be implemented on any smart contract enabled blockchain.
Supporting the growth of the decentralized economy in 5 key areas: End-user swaps, NFT and commerce payments, exchanges and trading, decentralized finance and liquidity provision.
The team expects protocol direction, implementation, and treasury decisions to eventually be made by the Kyber community. Therefore, the technical, communication and governance framework is being established to grow a community with the passion, expertise, and incentive to build Kyber together.

As the team behind the development of Kyber is always focused on finding the most optimal technical solution and systems to bring the best to the ecosystem and drive adoption of decentralized applications thus incrementally widening and increasing the scope and application of the technology and the framework
While the project is focused on the mission of Any Token, Anywhere, it has now set up the key goal of building a world where any token of value can be used anywhere for swaps in any wallet, payment services, and financial products.
As far as technical of the project are, the team has been consistently trying to work on an improvement to the core systems, as seen in the introduction of the Order Book Reserve, Automated Price Reserve (APR), and Kyber Trading API. The project is also working on version 3 upgrade to the core smart contracts to accommodate the permissionless. Order Book Reserves was deployed recently, which is a major piece towards allowing open contribution of liquidity. This upgrade will be detailed in an upcoming technical update.
Kyber believes that 2019 will represent both an affirmation of the work that had been done, while simultaneously expanding the scope of Kyber. With a clear vision, the project definitely looks really strong to achieve its set goals
What are your thoughts on Kyber and its goals? Do let us know your views on the same.
The post Kyber Plans To Implement Its Protocol Across Smart Contract- Enabled Blockchains appeared first on Coingape.
Source: CoinGape

Chainbreakers – a New Strategy Game Powered by Smart Contracts

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Chainbreakers – a New Strategy Game Powered by Smart Contracts

Chainbreakers incentivizes players to earn dividends and strategically develop their assets by actively playing. The game assets are contained in NFTs stored on the Ethereum blockchain.

Chainbreakers – a New Strategy Game Powered by Smart Contracts

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Source: CoinSpeaker

Singapore Government Agency, PwC and Others Back New Blockchain Accelerator

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Singapore Government Agency, PwC and Others Back New Blockchain Accelerator
A joint initiative of Singaporean government and global enterprises, Tribe Accelerator is going to provide technical guidance for the large-scale blockchain startups starting next year.
Singapore Government Agency, PwC and Others Back New Blockchain Accelerator

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Source: CoinSpeaker

Investment Funds Network Calastone Set to Move Its Settlements System to Blockchain in 2019

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Investment Funds Network Calastone Set to Move Its Settlements System to Blockchain in 2019

Calastone, an investment funds transaction network, said that they will shift their entire system to blockchain in May, a move that could slash costs for the sector by billions of dollars a year.

Investment Funds Network Calastone Set to Move Its Settlements System to Blockchain in 2019

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Smart Contracts Premier Released by US CFTC to Bolster Innovation and Participation in Fintech

While the world has seen some harshness from the SEC towards cryptocurrencies, the other regulatory that looks after commodities in the USA, The Commodity Futures Trading Commission (CFTC) has been quite welcoming. In a recent move to bolster innovation in the space, the CFTC has released premier on smart contracts.
CFTC premier makes effort to engage market participants  
The primer released by Commodity Futures Trading Commission’s LabCFTC sets out to define “smart contracts,” including by exploring their history, characteristics, and potential applications that may eventually impact daily life. The primer also includes graphics to help explain early self-executing software logic evolving into current smart contract technology – for example, starting with a simple vending machine illustration and then discussing more complex examples, including credit default swap contracts
The official announcement quoted LabCFTC Director Daniel Gorfine saying
“Smart contracts are being used to drive further automation in our markets and may have an impact across a range of economic activities,” “This primer is focused on explaining smart contracts, exploring how they may impact our markets and highlighting potentially novel risks and challenges.”
The premier also includes a section which mentions a range of operational, technical, cybersecurity, fraud and manipulation, and governance risks and challenges as the regulator believes that it is critical to understand and mitigate risks and challenges to enjoy the potential benefits of the new innovation.
The premier also highlights CFTC’s role to protect market users and their funds, consumers, and the public.
The premier is a work of LabCFTC which was launched in 2017 and is dedicated to facilitating market-enhancing financial technology (FinTech) innovation, informing policy, and ensuring the agency has the regulatory and technological tools and understanding to keep pace with changing markets. LabCFTC was designed to make the CFTC more accessible to FinTech innovators and serves as a platform to inform the Commission’s understanding of emerging technologies. LabCFTC also enabled the CFTC to be proactive and forward-thinking as FinTech applications continue to develop and to help identify related regulatory opportunities, challenges, and, risks.
While CFTC is clear on its stance with blockchain and cryptocurrencies, now its time for SEC to do the same for innovation to flourish in the US.
Will SEC follow CFTC’s roadmap in allowing cryptocurrencies to flourish in the US? Do let us know your views on the same.
The post Smart Contracts Premier Released by US CFTC to Bolster Innovation and Participation in Fintech appeared first on Coingape.
Source: CoinGape

Oil Industry Giants Shell and BP to Fully Automate Energy Trading Processes Using Blockchain

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Oil Industry Giants Shell and BP to Fully Automate Energy Trading Processes Using Blockchain

A group of oil industry giants including Shell and BP are launching a blockchain platform to facilitate post-trade processes.

Oil Industry Giants Shell and BP to Fully Automate Energy Trading Processes Using Blockchain

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Source: CoinSpeaker

US Regulator Wants to Adopt Blockchain to Maintain Pace with Market Manipulators

The chair of the U.S. Commodity Futures Trading Commission (CFTC) has said that he wants to adopt blockchain to “keep pace with those who attempt to defraud, distort, or manipulate” financial markets.
CFTC Chairman Giancarlo Envisions Compliance Built into Business Operations Through Smart Contracts
J. Christopher Giancarlo spoke about the use of blockchain and machine learning for regulatory purposes at Georgetown University. The head regulator is confident the digital era will prove to be a positive factor to better oversee financial markets.
“These tools will become even more paramount as emerging blockchain technologies seek to decentralize markets or disintermediate traditional actors. It is critical that we have the ability to keep pace with those who attempt to defraud, distort, or manipulate.”
Giancarlo gave several examples of adoption of new technologies at the regulatory level.
These include “using machines to independently identify segments of the markets where concentration risks or unrecognized counterparty exposures are emerging and flag them for staff consideration and action” and “new machine-learning based surveillance tools” designed to “sniff out patterns of likely illegal trading activity or attempts to manipulate markets for enforcement analysis.”
The CFTC chair said the ongoing digital revolution in the world’s trading markets have far-ranging implications for capital formation and risk transfer. He added that he expects the majority of standard tasks to be managed by machines as automation technologies are paired with blockchain to standardize and distribute data to market actors and regulators.
“We can also envision the day where rulebooks are digitized, compliance is increasingly automated or built into business operations through smart contracts, and regulatory reporting is satisfied through real-time DLT networks. The machines here at the CFTC would have the ability to communicate regulatory requirements and consume and analyze the data that comes in through such systems.”
Giancarlo has recently stated that cryptocurrencies “are here to stay” and that many countries across the globe are hungry for functioning currencies, which shows there is a market for digital currencies. He is, however, skeptical about cryptocurrencies’ ability to rival the dollar or other hard currencies.
While the U.S. CFTC is yet to adopt blockchain technology to better oversee financial markets, the financial watchdog has won its first Bitcoin fraud action. A  New York federal court has ordered Gelfman Blueprint and its CEO Nicholas Gelfman to pay over $2.5 million in civil monetary penalties and restitution over their +$600,000 Ponzi scheme.
Related Reading: CFTC Chair: Cryptocurrencies Have a Future, They Are Here to Stay
Featured image from Shutterstock.
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Japan’s NRI Presents Its New Blockchain Security Tool, Becomes ConsenSys‘ Development Partner

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Japan’s NRI Presents Its New Blockchain Security Tool, Becomes ConsenSys‘ Development Partner

Nomura Research Institute’s cybersecurity subsidiary revealed its new security tool called “Blockchain Security Monitoring Service” and confirmed its partnership with ConsenSys.

Japan’s NRI Presents Its New Blockchain Security Tool, Becomes ConsenSys‘ Development Partner

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Source: CoinSpeaker