Monthly Archives: December 2018

Lubin Won’t Rule Out Layoffs Amid ‘Refocusing’ at ConsenSys

A strategic shift is in the works at ConsenSys, the sprawling venture studio dedicated to building ethereum-based businesses and products. “I would call it a refocusing of priorities,” ConsenSys founder Joseph Lubin told CoinDesk in an interview Tuesday. “On more rigor, more structure, more sustainability, more accountability.” In an emailed letter sent to the venture studio’s roughly 1,200 employees on Friday night, Lubin laid out the vision for what he called “ConsenSys 2.0.” In its four years of existence, the internally-funded ConsenSys has grown rapidly, with a […]

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Coinmarketbook Gauges Cryptocurrencies by Buy Support Rather Than Market Cap

A lot of cryptocurrency enthusiasts and market observers reference websites that measure the digital asset economy by market capitalization. Now there’s a new data website, Coinmarketbook.cc, that calculates a cryptocurrency’s buy support based on order books held on various exchanges. Also read: US Law Enforcement Wants Surveillance Tools for Privacy Coins   ‘Market Cap is a Lie’ There are many analytical websites that record the data of the largest digital assets by value and most of them focus on the total market valuation of each currency. Sites like […]

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R3 Announces Global Payment App With XRP as Base Currency

R3 has unveiled a new app on their international blockchain, a global payment platform that uses Ripple’s XRP as its initial base currency. The app, dubbed Corda Settler, continues R3’s track record for pursuing  ambitious blockchain projects, and it is allegedly “purpose-built to allow for payment obligations raised on the Corda blockchain platform to be made through any of the world’s payment systems, both traditional and blockchain-based.” The press release clarifies that XRP will be the first cryptocurrency specifically supported by Settler, but also stated outright that […]

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Binance Showcase Decentralized Exchange Progress in Latest Video

Binance just offered its users an in-depth sneak peek of its forthcoming decentralized exchange (DEX). Announced in March of 2018, the decentralized exchange will be built on Binance’s own Binance chain, the soon-to-be base layer for BNB, Binance’s trading currency that is currently an ERC-20 token. A December 4, 2018, YouTube video posted by Binance’s official channel showcases the work the Binance DEX has undertaken on the project since its last update. Displaying the exchange in a testnet view, a representative from the Binance DEX team gives […]

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Markets Update: Cryptocurrencies Are Still Blood Red

As 2018 nears an end, cryptocurrency prices are dipping once again, having seen significant losses since the start of the year. This Wednesday, Dec. 5, the entire digital asset economy is valued at roughly $120 billion and most of the top 10 coins have lost 6-15% in value over the last 24 hours and 15-35% in the last week. Also Read: P2P Markets Report: Dumping Drives Record Volume Across Latin America and Asia The Top Digital Assets Continue to Lose Value Digital asset markets have plummeted once […]

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Tron Almost Tripled Ethereum’s Transaction Number, “TRON will grow by 400% in December” Justin Sun Says

Two days ago, the TRON (TRX) team published a post with their latest updates, commenting that now in some aspects, Tron (TRX) can far surpass Ethereum. This common practice followed by TRON prevents users from feeling detached from the community by updating them not only on the achievements but also on the state of the current developments they are working on. According to the official press release, Tron managed to process a single historical record of more than 1.8 million transactions. This milestone can give a sample […]

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ZCash (ZEC) Now Live on Coinbase and Its Mobile Apps

Six days after listing ZCash (ZEC) on its Pro version, Coinbase has announced via Twitter and Medium that the privacy coin is now available for trading on the regular Coinbase and the corresponding mobile apps on Android and iOS. All Coinbase customers can now log in to buy, sell, send, receive and/or store ZEC. However, the cryptocurrency will not be available in some jurisdiction as explained by the exchange. ZEC will be available for customers in most jurisdictions, but will not initially be available for residents of […]

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Chat Bot Advises Crypto Startups and Investors

Three Ukrainian companies have developed an English-language chat bot that provides consulting services to businesses and investors in the crypto industry. The AI-based platform, Ailo, offers a range of automated services but it can also deal with cases that require human intervention and professional legal advice. Also read: Russian Marketplace Allows Users to Sell Items Priced in Cryptocurrency Ailo Tests ICOs for Free Law firm Juscutum, crypto-payment solutions provider Paytomat and software developer Cryptogroup are behind the innovative project. Ailo, which is now live in testing mode, […]

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Bitfury Is Implementing Lightning Into Crypto Payment Platform Paytomat

The Bitfury Group has recently announced a partnership with crypto payment processing system Paytomat, working to bring the Lightning Network to Paytomat’s participating merchants. According to a recent Medium post made by LightningPeach, “Bitfury’s in-house specialized Lightning Network engineering team,” the Bitfury Group is pouring its resources into Paytomat’s wallet and vendor system, enabling “users and merchants on the Paytomat system to send and receive bitcoin payments over the Lightning Network almost instantly.” “Both Bitfury and Paytomat participated in the Blockchain Expo in Amsterdam in June, and, […]

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Tether (USDT) Flips Litecoin (LTC) In a Sign of the Times

Cryptocurrency, Litecoin (LTC), Tether (USDT)–As the crypto markets fall into another price rout to kick off the final month of the year, with the price of Bitcoin dropping below $3800, controversial stablecoin USDT has managed to flip Litecoin to become the seventh largest cryptocurrency by market capitalization. Litecoin, the invention of industry mainstay Charlie Lee and often described as the silver to Bitcoin’s gold, has been in near continuous price fall since reaching an all time high of $350 in December 2017. While the coin has tracked […]

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