Hyperion: Supporting Blockchain Entrepreneurs On the back of the break-out year for ICOs in 2017, in which $5.6 bn was raised, 2018 has already proven that the ICO is not a fad — funds raised through ICOs by the end of April have already exceeded $6.3bn. After the resounding success of ICOs in 2017, Invictus Capital expects to see an increase in projects focused on leveraging the unique attributes of blockchain technology towards industry-specific sectors and use cases. The Hyperion fund is a syndicated venture capital fund focused on early-stage investing through SAFTs, private and public pre-sales and ICOs. The Hyperion Fund provides investors access to a diversified portfolio of professionally vetted early stage investment opportunities, and additionally offers many benefits to entrepreneurs, going far beyond financial support. On the 30th of April, the priority sale for the Invictus Hyperion Fund will begin, followed by the public sale on 3 May. Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/hyperion-supporting-blockchain-entrepreneurs/ |
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The Australian Securities Exchange to Start Using Blockchain Tech in 2020 The blockchain-based system will come to replace the old Chess post-trade settlement system currently used by the Australian Securities Exchange (ASX). The financial technology is planned to go live at approximately the end of 2020 or the beginning of 2021. The ASX will use a new distributed ledger technology (DLT) to manage the Australian financial market. According to the consultation paper published by the ASX, Digital Asset, a famous New York-based fintech company building DLT products, will become the main performer of the initiative. Furthermore, the project will introduce 50 new features, which are seen as a stimulating factor for reducing costs. Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/asx-to-start-using-blockchain-tech-in-2020/ |
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Singapore’s FinTech Patent Initiative will Provide for the Growth of the Entire Industry The Intellectual Property Office of Singapore announced a Fintech Fast Track initiative which allows startups of the sector to receive patents faster. From now on, it will take six months instead of two years. The reason for such a move is a growing demand for FinTech solutions, including cryptocurrency and blockchain. Besides, Singapore was recognized as one of the world’s largest FinTech hubs according to Deloitte’s study. So it may be pretty much an attempt to improve that position. Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/singapore-fintech-patent-initiative/ |
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MIT Technology Review has recently represented a guide to taking down the chief cryptocurrency whose network has attained 99.9%. Morgan peck, Technology writer, has presented three scenarios in her article “Let’s Destroy Bitcoin” that she strongly believes could result in Bitcoin being sidelined and finally annihilated. The first option is where the government takes over the digital coins called Fedcoins (overbets that form their own Currencies) by reducing the demand for other decentralized bitcoin and improving the functionality of bitcoin. Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/mit-tech-review-discloses-plan-to-let-down-bitcoin/ |
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One of the world’s technology giants is going to implement blockchain tech. It was announced in a document by the U.S. Patent and Trademark Office (USPTO). The FinTech platform will be adjusted for storing digital rights. Sony representatives explained the move stating that current digital rights management (DRM) is not reliable as it does not preserve the user’s rights in case the rights locker provider or system ceases its activity. Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/sony-will-store-data-using-blockchain/ |
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Stipend Invited to the Future Blockchain Summit Stipend’s goal is to introduce the concept of the blockchain to the already booming freelance market. Upwork recently published a study ( 2016 US Freelance Market Study) stating that this aforementioned market is worth well over $1 billion in just the US alone. Stipend, wants to bring numerous technological innovations to that space by providing the convenience of instant transactions, low fees, and much-needed decentralization. Cognizant of the increasing demands for able freelancers, Stipend aims to be the ultimate solution for the decentralized sector. By creating an expansive environment that will be beneficial to both the freelancers and clients through low fees, instant payments, and a unique rewarding scheme that explicitly rewards the highest performing users. Not only this, in regards to the technological aspect of the coin, Stipend seamlessly integrates Masternodes into a twin Proof-Of-Work and Proof-Of-Stake implementation, incentivizing long-term support and improving security as a whole. Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/stipend-invited-to-future-blockchain-summit/ |
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Eurasia’s Georgia is Experiencing Its Way from a Wine to Cryptocurrency Hub Georgia, a country at the intersection of Europe and Asia, is turning into a cryptocurrency hub. While talking about bitcoin mining, some may consider China and Iceland to be in the lead, however, the second most profitable crypto mining country is Georgia. Being well-known for its diversity of high-quality wine, Georgia is now being associated with cryptocurrency and bitcoin mining more and more. Such a change is possible for several reasons. Firstly, there barely exist any fintech regulations in the country. Secondly, hydropower is very inexpensive there. Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/georgia-is-experiencing-its-way-to-cryptocurrency-hub/ |
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Shivom Project— Bring Genomics onto Blockchain, ICO Starts 03/05 Shivom is a blockchain startup that aims to create a database of the human genome, which will allow users to decrypt their DNA, and also sell or share this data with the international scientific community. Shivom offers services to patients and donors of genome data, which combine two revolutionary technologies — blockchain and genomic data. Thus, each can have its own genome, ordered and reliably stored using a blockchain. This also means that patients and donors of these genomes own their data and access rights, they have the choice to share their genomic data for profit or reward. The project recently announced its partnership with the government of the Indian state of Andhra Pradesh, which will allow to collect genetic data of about 60 million inhabitants of the region with the further possibility of studying them if donors agree. Read more: https://medium.com/@Vladar49/shivom-project-bring-genomics-onto-blockchain-ico-starts-03-05-8602fc95f466 |
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“We Will Consider Becoming a Cryptocurrency Exchange”, Says Nasdaq CEO Nasdaq, one of the largest stock exchanges is now considering becoming a cryptocurrency exchange in a well-regulated market. Adena Friedman, Chief Executive Officer of Nasdaq, in a televised interview with CNBC was questioned about the decision taken by Nasdaq’s board and the side she believes on these cryptocurrencies, particularly as a service provider. Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/we-will-consider-becoming-cryptocurrency-exchange/ |
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The open-source financial market services tool MyEtherWallet (MEW) was exposed to a Google DNS hack. Social networks and other crypto discussion boards have recently exploded with dozens of reports on the fact stating that their virtual coins have been stolen from MEW accounts. Published by a Reddit user on April 24, the post said that 0.09 ETH (around $65) had been hijacked from a MEW account. There was no doubt that the owner of the wallet had become a victim of a cryptocurrency scam that involved a DNS exploit. He mentioned that he had ignored the notification claiming the insecurity of a website. Sure, it was not a regular thing for MEW, but the user paid no attention to it and filled his details in. In less than 10 seconds, the digital currency was gone. Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/myetherwallet-suffered-dns-hack/ |
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The Philippines to Admit Cryptocurrency Operators in Cagayan Economic Zone The Philippines government announced its plans to admit up to 10 blockchain cryptocurrency related companies to operate in the Cagayan economic region, a special economic zone in Cagayan Province, northern Luzon, in the Philippines. This step will allow the Philippines to create new employment opportunities for local citizens and take advantage of tax perks. According to a report, the companies will be the first blockchain and crypto-related firms to operate legally in the country after the Cagayan Economic Zone Authority (CEZA) set-up a Fintech hub with the aim of creating an Asian “silicon valley”. CEZA is a state-owned corporation that is responsible for managing the Cagayan special economic zone and Freeport. Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/philippines-to-admit-cryptocurrency-operators/ |
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Spanish Bank BBVA Issued the World’s First Digital Loan via Blockchain Banco Bilbao Vizcaya Argentaria (BBVA), one of the largest financial market institutions in Spain, has become the very first bank to issue a corporate loan with the help of blockchain technology, according to a report published on April 25 by Financial Times. Carlos Torres Vila, CEO of BBVA, commented: “Blockchain can offer clear advantages for all sides in the corporate loan market in terms of efficiency, transparency, security. It’s another strong example of how disruptive technology can be used to add value to financial services, something that is central to our strategy.” Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/bbva-issued-digital-loan-via-blockchain/ |
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Soundeon OÜ Appoints Media Investor and Blockchain Advocate David Drake as Board Advisor to Fine-Tune the Music Industry Soundeon OÜ is pleased to announce that it has appointed the well-known crypto and ICO expert David Drake to its advisory board. Soundeon is a pioneering, fan-centric, decentralized and vertically integrated music platform that covers all aspects of the music industry. From song creation and copyright to resale of both existing and future music royalties, to live event ticket sales. Utilizing the proprietary Creative Smart ContractTM, Soundeon promotes transparency, fairness and trust in the music industry. Soundeon is also the first blockchain-based platform to vertically integrate the recorded rights music and live event ticketing industries. Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/soundeon-appoints-david-drake-as-board-advisor/ |
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ARK Core v2 Close to Public Mainnet Release Blockchain veteran ARK is proud to announce that its Core V2 release is underway. The upcoming Ark Core v2 offers a full-fledged flexibility and control of ownership over data, information, and speed while offering cost effectiveness for all its users. Built from scratch, the system will allow seamless interaction within the ARK ecosystem. Core v2 is wholly compatible with the ARK v1 protocol. Integration of the new code will be enabled by a hard fork in the block. This ARK upgrade is pivotal in building a future basis for a community fueled ecosystem. Despite proving itself as a fast and reliable network, Ark did not rest on its laurels, rather it forged ahead by announcing a blockchain upgrade, in November 2017, to enrich its protocol. The public briefing for a new core code came after identifying vital elements that could be completely overhaul and replaced. Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/ark-core-close-to-public-mainnet-release/ |
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Stoxum - Transparent Crypto Platform that Allows Every User to Make Their Own Cryptocurrency Exchange A hybrid system adopting the best of centralized and decentralized exchanges – Stoxum – aims to revolutionize the cryptocurrency market and launches its first private pre-sale of its token on April 30. This is one of the first cryptocurrency exchange platforms that will offer a quick technical solution for organizing its customers and an option to make their own cryptocurrency exchange or the introduction of software for working with cryptocurrency on their own sites. According to the Stoxum whitepaper, all Whitelabel projects will be located in the same ecosystem and have a single liquidity base, which will allow from the first day of operation to give users access to all active orders within the ecosystem. The success of even a single Whitelabel platform will increase the income of the entire ecosystem. Read more: https://coinidol.com/platform-that-allows-every-user-to-make-cryptocurrency-exchange/ |
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Skycoin Aims To Fix Fatal Flaws Of Bitcoin and Ethereum Obelisk exerts its influence over the network according to a web-of-trust architecture. The network consists of nodes, rather than miners, which are a new, more economical option. These nodes are substantially less expensive to produce, acquire and operate than any traditional miner used to mine Bitcoin or Ethereum. Obelisk was designed to be a scalable and computationally-inexpensive alternative to PoW; to enable the algorithm to be run on budget hardware. However, centralization becomes nigh-impossible when virtually anyone is able to operate a node. The web-of-trust consensus also prevents the development of centralized power. Skycoin does not rely on mining incentives, therefore it is not susceptible to a 51% attack. In addition, there is no reason for mining farms to start buying up thousands of computers to run Obelisk because it would be impossible to gain full ownership over the network. Moreover, if one group did manage to disrupt the network there would be little impact on its users as this type of takeover would immediately be detected and shut down. Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/skycoin-aims-to-fix-fatal-flaws/ |
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Wikipedia Warned Writers Owning Cryptocurrency of Conflict of Interest Update The largest digital multilingual free-content information platform Wikipedia has updated its policy to add digital currency to the section titled conflict of interest. It states that the conflict of interest may arise, among other things, when a crypto trader edits a page devoted to this financial technology. “Any external relationship — personal, religious, political, academic, legal, or financial (including holding a cryptocurrency) — can trigger a COI. How close the relationship needs to be before it becomes a concern on Wikipedia is governed by common sense. For example, an article about a band should not be written by the band’s manager, and a biography should not be an autobiography or written by the subject’s spouse,” the latest policy update says. Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/wikipedia-warned-writers-of-conflict-of-interest/ |
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Dubai to Run a Digital Bank for Buying Art Pieces with Its Own Cryptocurrency Dubai has been aspiring to reinforce its position as a fintech hub. Last month, the Dubai Culture and Arts Authority established the first digital bank for art in the world. ArtBank also launched its own digital currency to boost transaction speed and simplify the purchasing process. “The Dubai ArtBank initiative marks out Dubai as a pioneer in using technology to extend the reach and impact of art. This is yet another example of Dubai taking the lead in adopting advanced technologies to enhance excellence in various spheres of life,” noted Her Highness Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Vice Chairman of Dubai Culture in an official statement via the Dubai Media Office. Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/dubai-to-run-digital-bank-for-buying-art-pieces/ |
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