The COINsistent Show - The Crypto Actuallity that /Actually/ Matters!

[museakira78]

"Facebook has said that Libra will keep a stable value because it will be backed by a reserve containing mainly cash deposits of US dollars, British pounds, euros, and Japanese yen. The approach takes cues from other so-called stablecoins, an emerging class of digital currencies. But the basic idea underlying stablecoins isn’t new, Bullard said. Nations have tried to “peg” their currency’s value to that of another currency, often the US dollar. In that case, the central bank promises to convert a fixed amount of its nation’s currency for a dollar. "

Taken from the article: We’ve had private currencies like Libra before. It was chaos.
Read it by going to: https://www.technologyreview.com/s/614013/weve-had-private-currencies-like-libra-before-it-was-chaos/?utm_source=twitter&utm_campaign=site_visitor.unpaid.engagement&utm_medium=tr_social

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[msap100]

"Bitcoin and other similar currencies may be best suited as speculative assets, but they do not represent the full expression of the crypto ecosystem. Stablecoins, a specific type of cryptocurrency that, as the name indicates, prioritize stability by aligning their value with another asset like dollars, gold, or other resources, offer a more practical option for the unbanked.

Libra eschews each of these categories, choosing instead to base its value off of a basket of global currencies and low-volatility securities that will give the currency both a unique valuation and a reliable price.

Of course, Libra isn’t carving out its own niche in the crypto space. The stablecoin market already features several players that are creating unique takes on the stablecoin initaitve, all in an effort to bolster the usability of digital currencies around the world."


Taken from the article: Facebook’s Libra Highlights Crypto’s Most Compelling Use Case
Read it by going to: https://beincrypto.com/facebooks-libra-highlights-cryptos-most-compelling-use-case/

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[museakira78]

"Blockchain technology is among the most disruptive forces of the past decade. Blockchain’s power to record, enable, and secure huge numbers and varieties of transactions raises an intriguing question: can the same distributed ledger technology that powers bitcoin also enable better execution of strategic projects in a conservative sector like construction, involving large teams of contractors and subcontractors and an abundance of building codes, safety regulations, and standards?"

Taken from the article: How Blockchain Will Change Construction
Read it by going to: https://hbr.org/2019/07/how-blockchain-will-change-construction

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[msap100]

"Blockchain innovation is leading us to a time when, with the click of a button, all citizens of the world will have the opportunity to invest in real-world stores of value at the click of a button, all made possible by the innovation of stablecoins."

Taken from the article: Can Stablecoins Provide Africa With a Gateway to Economic Stability?
Read it by going to: https://www.equities.com/news/can-stablecoins-provide-africa-with-a-gateway-to-economic-stability

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[museakira78]

New episode up!

We interviewed @HypersphereAI's Founder, Evgen Verzun. Evgen has designed tools used by the #USArmy and leads a team of Apple and Verizon scientists integrating the blockchain in everyday cybersecurity.

Enjoy our chat at: https://www.youtube.com/watch?v=Gda8B1QmKok&feature=youtu.be

[msap100]

Speaking to Yahoo Finance a few weeks back, Thomas Lee, a co-founder of Fundstrat Global Advisors, noted that the launch of Facebook’s Libra, Donald Trump’s mention of the cryptocurrency space, overall institutional involvement, and further macroeconomic unrest could help Bitcoin in reaching the $20,000 to $40,000 range by the end of the year. He elaborates:

“Bitcoin is now trading at a level that it’s only seen 3% of its historical days. If you go back to every milestone that that was achieved, bitcoin subsequently rallied somewhere between 200% to 400% within the next four months, so I think if that’s playing out this time that means bitcoin could be $20,000 to $40,000 sometime in the fourth quarter.”

Taken from the article: Prominent Investor on Why Bitcoin Can Hit $20,000 by Year’s End
Read it by going to: https://www.newsbtc.com/2019/07/28/prominent-investor-on-why-bitcoin-can-hit-20000-by-years-end/

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[museakira78]

"In commercial real estate, Amsterdam-based HerenBouw is applying blockchain to a large-scale development project in Amsterdam harbor. According to Propulsion Consulting founder Marc Minnee, HerenBouw’s objective was to set up a blockchain-enabled project management system to make the building development lifecycle more efficient. Minnee’s blockchain application for HerenBouw focused on registering transactions at legally binding moments, where accuracy and an audit trail are essential. “Blockchain provides a platform for clearly cascading work products down the chain and holding everyone accountable for completing key tasks,” Minnee said."

Taken from the article: How Blockchain Will Change Construction
Read it by going to: https://hbr.org/2019/07/how-blockchain-will-change-construction

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[msap100]

"Fortunately, the growth of value-backed stablecoins now makes it possible for everyday citizens to ensure they can protect their wealth from the threats of economic collapse. Hopefully blockchain is bringing us closer to a time where no one need fear the ruin that corrupt regimes and leaders can have to a nation’s economy.
Blockchain innovation is leading us to a time when, with the click of a button, all citizens of the world will have the opportunity to invest in real-world stores of value at the click of a button, all made possible by the innovation of stablecoins."


Taken from the article: Can Stablecoins Provide Africa With a Gateway to Economic Stability?
Read it by going to: https://www.equities.com/news/can-stablecoins-provide-africa-with-a-gateway-to-economic-stability

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[museakira78]

"One of the greatest benefits of blockchain is that it empowers communities to create its own solutions and incentivization systems, rather than looking toward a higher centralized power. If harnessed in the right way, blockchain can unlock ‘natural capital’ in communities, particularly in the context of the environment, where the problem of global commons is most prevalent. By creating transparency and reward-based systems, new technology can create widespread change, perhaps bypassing the challenge of converting climate skeptics."

Taken from the article: Climate in the Digital Age
Read it by going to: https://www.forbes.com/sites/tatianakoffman/2019/07/30/forbes-climate-in-the-digital-age/#78c9d4edac22

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[msap100]

"Describing itself as “A simple global currency and financial infrastructure that empowers billions of people,” Libra is attracting significant attention from crypto enthusiasts, mainstream financers, and curious onlookers alike. While some are debating Libra’s role in the cryptocurrency ecosystem, others are intrigued by its intended use case. Libra is targeting the 1.7 billion people around the world who are unbanked, meaning that they don’t have access to the financial institutions that have defined the modern banking movement."

Taken from the article: Facebook’s Libra Highlights Crypto’s Most Compelling Use Case
Read it by going to: https://beincrypto.com/facebooks-libra-highlights-cryptos-most-compelling-use-case/

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[museakira78]

"The African region is ripe for the adoption of blockchain in the area of digital payments. The M-Pesa mobile payment system has been operating in Kenya since 2007. It enables users to send payments to one another via a text message, using their cellphone SIM card as a store of credit. It quickly caught on to become the go-to means of making payments and was credited with lifting two percent of Kenya’s population out of poverty. M-Pesa has since rolled out to other developing countries.
This only underscores the critical role that blockchain will play in helping future generations exist outside of poverty. Like M-Pesa, cryptocurrencies provide a similar means of payment for the unbanked."

Taken from the article: Diamonds Used to be Africa's Curse — Could Blockchain Make Them into Africa's Cure?
Read it by going to: https://uk.advfn.com/newspaper/luisaureliano/51292/diamonds-used-to-be-africa-s-curse-could-blockchain-make-them-into-africa-s-cure

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[msap100]

"Bitcoin has surged back above $10,000 per bitcoin after a raft of positive news for the bitcoin price and cryptocurrency markets, somewhat putting to rest fears bitcoin bulls were about to wrest back control.
The bitcoin price is up 10% over the last three days, with traders and investors pointing to the U.S. Federal Reserve's first rate cut in bitcoin's ten-year history as one of the prime catalysts for the sudden recovery."

Taken from the article: Bitcoin Suddenly Back Above $10,000 As Crypto Markets Gain Billions
Read it by going to: https://www.forbes.com/sites/billybambrough/2019/08/02/bitcoin-suddenly-back-above-10000-as-crypto-markets-gain-billions/#54b9be77bafa

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[museakira78]

"In 2018, Facebook banned advertisements involving cryptocurrency or initial coin offerings to combat the proliferation of scams and bogus ICOs cropping up as the price of Bitcoin soared. Over the last few months, Facebook has been softening the ban in the run up to the announcement of Libra—and it appears scammers are taking advantage. Libra scams may not help Facebook convince lawmakers and regulators that it can protect user privacy and prevent the digital currency from being used in criminal activity. Facebook has already eroded the trust of both Republicans and Democrats on Capitol Hill after scandals involving the spread of disinformation and a failure to safeguard user data."

Taken from the article: Facebook Is Already Dealing With Scams For Its Own Cryptocurrency
Read it by going to: https://www.forbes.com/sites/rachelsandler/2019/07/23/facebook-is-already-dealing-with-scams-for-its-own-cryptocurrency/#5d9f6f2c477a

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[msap100]

"DIAM was created with the idea of liquidising diamonds, the most crisis-resistant asset and one of the top-performing asset classes in the world. diamDEXX has stated that thanks to this, pegging their currency to $1, and establishing a redeeming system where users can get their currency’s worth in diamonds, they’re building a currency that rivals the stability and consistency of the Gold Standard Dollar. The company aims to create a borderless, low-fee platform for payments worldwide and is moving fast towards this goal, with several papers reporting on its partnership with tech giant Microsoft."

Taken from the article: diamDEXX Announces An EOS Sidechain For Its ERC-20, Diamond-Backed Token: DIAM.
Read it by going to: https://medium.com/@diamDEXX/diamdexx-announces-an-eos-sidechain-for-its-erc-20-diamond-backed-token-diam-c8b975d81c5a

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[museakira78]

"Tech giant IBM and blockchain company Chainyard have jointly developed a new blockchain network for supply chain management. IBM announced the platform in a press release shared with Cointelegraph on Aug. 5.

Alongside IBM, the Trust Your Supplier network’s founding members are also American brewing company Anheuser-Busch InBev, tech companies Cisco, Lenovo, Nokia, Schneider Electric, British pharmaceutical company GlaxoSmithKline and telecoms company Vodafone. The product is built on the IBM Blockchain Platform and aims to eliminate manual time-consuming processes and help reduce the risk of fraud and errors."

Taken from the article: IBM Launches New Blockchain Platform for Supplier Data Management
Read it by going to: https://cointelegraph.com/news/ibm-launches-new-blockchain-platform-for-supplier-data-management

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[msap100]

"As the crypto community digests the news that leading firms such as Blockstack and YouNow obtained SEC approval to sell security tokens to retail investors, a German startup announced that it received approval from the German Financial Market Supervisory Authority (BaFin) to distribute the country’s first blockchain-based real estate bond to retail and institutional investors around the world.
The company is called Fundament Group, and yesterday it launched a 250 million euro ($280 million) tokenized bond offering on the Ethereum blockchain backed by commercial real estate investments in major cities across Germany. The token will conform to ERC-20 standards and be interoperable with most major wallets and transferable around the world."

Taken from the article: $280 Million Ethereum Real Estate Bond Seeks To Recapture The Promise Of The ICO
Read it by going to: https://www.forbes.com/sites/stevenehrlich/2019/07/24/280-million-ethereum-real-estate-bond-seeks-to-recapture-the-promise-of-the-ico/#148e9c8c6939

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[museakira78]

"In the United States and many other countries, Bitcoin payments are treated as taxable events. In other words, Bitcoin users should be tracking the capital gains they accrue when they buy something with the cryptocurrency. From a tax perspective, a Bitcoin payment is treated the same as a sale of one’s Bitcoin holdings. Technically, this policy applies to everything from the purchase of a house to buying a coffee in the morning on the way to work."

Taken from the article: Bitcoin's Use In Online Payments Faces A Serious Regulatory Hurdle
Read it by going to: https://www.forbes.com/sites/ktorpey/2019/08/06/bitcoins-use-in-online-payments-faces-a-serious-regulatory-hurdle/#e9c79d95e7fc

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[msap100]

"In the decade since the 2008 financial crisis, the monetary system has changed tremendously. Once unshakable pillars of the industry no longer exist, and new financial instruments, like digital currencies, have become more accessible.

At its peak, Bitcoin and hundreds of other digital currencies achieved a market cap of nearly $800 billion. But despite a well-publicized price drop, these tokens continue to be popular investment vehicles in the digital age.

Of course, that doesn’t mean that they are fulfilling their purpose. Bitcoin was initially intended to serve as a borderless, decentralized currency that could facilitate commerce in the digital age. However, it’s erratic valuations, and broad speculative interest has made it more akin to digital gold than to usable currency."


Taken from the article: DIAMOND-BACKED STABLECOIN CEO TALKS BLOCKCHAIN FOR STORING VALUE
Read it by going to: https://bitcoinist.com/diamond-backed-stablecoin-ceo-talks-blockchain-for-storing-value/

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[museakira78]

"diamDEXX has leveraged Microsoft Azure’s reliability and secure solutions to develop the diamDEXX wallet. This wallet enables users to trade using DIAM, the first stable token 100% backed by physical diamonds –the world’s most precious and stable physical asset. DIAM is based on the Ethereum ERC-20 protocol which promotes security and transparency.

The ERC-20 protocol also enables diamDEXX to use smart-contracts that embed predetermined rules, allowing users to redeem their DIAM to purchase physical diamonds at the best market price, creating an immutable shared ledger across the entire diamantaire network. In fact, DIAM allows users to choose between 7,000 diamond manufacturers and over 800,000 fully-certified stones."

Taken from the article: DiamDEXX Chooses Microsoft’s AZURE Platform For Its New Digital Wallet & Trading Platform
Read it by going to: https://corporatedispatch.com/diamdexx-chooses-microsofts-azure-platform-for-its-new-digital-wallet-trading-platform/

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[msap100]

"North Korea has raised an astonishing $2 billion from launching cyberattacks on banks and cryptocurrency exchanges, according to reports. The money was used to fund the nation’s purchase of military weapons, a leaked draft United Nations report states.
According to the report submitted to the Security Council committee last week, the widespread and “increasingly sophisticated” attacks saw North Korean hackers stealing funds and attempting to launder the stolen money. This allegedly took place under the direction of the nation’s military intelligence agency The General Bureau."

Taken from the article: North Korean Hackers' $2 Billion Heist Is 'Funding WMD Programs'
Read it by going to: https://www.forbes.com/sites/kateoflahertyuk/2019/08/07/north-korean-hackers-2-billion-heist-is-funding-wmd-programs/#4721aded38fb

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