Modern agriculture is an over $ 5 trillion industry that faces more unique obstacles than ever before. Climate change and jurisdictional regulations continue to challenge farmers, who are tasked with meeting the nutritional needs of an ever-growing world population with fewer and fewer land resources. Traditional agricultural techniques alone can no longer accommodate world demand, while catastrophic weather events can wipe out an entire region’s crops, driving up costs globally.
Cloud-based graphics-rendering firm OTOY has introduced RNDR, “a blockchain-based rendering platform that leverages a distributed network of idle GPUs to render graphics more quickly and efficiently,” making the process of rendering and streaming virtual reality (VR) scenes easier for all users.
RNDR is now announcing partnerships with blockchain developers zeppelin_os and Decentraland. Senior executives of both companies are joining Hollywood director and producer J. J. Abrams; the founder of Brave and Basic Attention Token, Brendan Eich; and talent agent Ari Emanuel on the RNDR advisory board.
According to regional reports Vietnam’s oldest Bitcoin Exchange, Bitcoin.vn, is about to lose its domain per order of the Vietnamese Government. The website that has been operating since 2014 has been accused of operating a blog without permission from the Minister of Information & Communications of Vietnam.
It’s the combination of internal and external rules that ultimately dictates how blockchain-based platforms will operate, says Primavera De Filippi.
Even though most altcoins are stealing the thunder in the cryptocurrency world right now, no one will overlook the Bitcoin price either. The way things look right now, it appears to be a matter of time until the value per BTC surpasses the $ 10,000 mark. If that trend can effectively materialize and result in stable Bitcoin price support, the remainder of 2018 is wide open for future gains to be recorded.
The Bank of Korea is seriously considering the possibility of launching a Central Bank Digital Currency (CBDC) into the world’s third-largest cryptocurrency market.
Considering a Cashless South Korea
The Bank of Korea has officially confirmed that it has launched a study into cryptocurrencies, with plans to offer official recommendations regarding the digital assets. According to The Korea Times, the central bank also plans to consider introducing a Central Bank Digital Currency (CBDC) before July. Stated the bank:
A taskforce has been studying the possibility of issuing a CBDC and how digital currencies will influence the country’s overall financial sector since January. We will announce updates on this issue by the end of June.
British entrepreneur Richard Branson has spoken out over the “worrying” spread of bitcoin scam stories and ads. Some of the most common are false endorsements and fake binary trading schemes, he warns. Advising everyone to remain vigilant, Branson suggests that users should report fake stories to the platforms which have published them.
The days when crypto and blockchain were relegated to the sidelines are long gone. This disruptive technology is slowly but surely being moved to the center of the playing field, even in the sports industry.
We’re not just talking about eSports gambling platforms. We’re talking about real-world interest and well-known names who are showing a keen curiosity for how blockchain technology can be incorporated into this fast-paced industry.
According to BBC, premier league football club, Arsenal, went on to sign a sponsorship deal with CashBet and even soccer god Lionel Messi is keen on crypto. The five-time Ballon d’Or winner has previously said that he has been “digging deeper into blockchain and decentralized systems”.
On May 4, 2018, at EDCON in Toronto, Canada, the Huobi Group announced its plans to expand to the Canadian market with a fully operational office in Toronto by the end of the year. This expansion marks the blockchain asset company’s second move into North America this year after setting up operations in San Francisco, and it comes just weeks after Huobi announced it would be opening European operations with an office in London, as well.
“Traditional brick & mortar banks should completely revamp their business models, but they don’t know how – this is where revolutionary banks and platforms like ours have the chance to step-up and offer a complete set of benefits for the consumers!” says Mitja Vezovisek, CEO and founder of one of the hottest new banking endeavors, the MoneyRebel Platform (LINK: www.moneyrebel.com).
Banks are killing their consumers with fast-growing fees, while the sprouting of new banking and financial platforms shows that minimizing fees, or even paying customers to get on board is possible – while they, at the same time, offer completely new sets of services that focus on the customers and growth of their assets and satisfaction!
Over the past year, cryptocurrency-backed lending has grown very popular with organizations like Salt Lending, and Unchained Capital trying to capture a piece of this emerging industry. Projects like Salt Lending have issued millions worth of crypto-backed loans so far and the teams behind these digital currency operations believe crypto-to-cash lending is going to be a pretty big deal in the future. Furthermore, this week a company called Nexo also plans to offer a digital currency for cash lending platform and raised $ 50Mn USD in capital from venture capitalists like the Techcrunch founder Michael Arrington.
There is an upsurge in the cryptocurrency trading volume in India. This increase is occurring despite the crypto ban issued by the Reserve Bank of India (RBI) in April 2018. As a result, crypto stakeholders remain confident that the market will continue to flourish even after the ban officially takes effect in July 2018.
Increase in Prices and Daily Trading Volume
Crypto prices and daily trading volumes have increased in the aftermath of the RBI ban. According to Reuters, the average price of bitcoin in India is $ 9,270. This figure is significantly higher the average bitcoin price in the few days after the RBI announcement which was $ 5,250. The average crypto trading volume in the country has also increased. According to Pune, a crypto exchange platform based in India, daily trading volume has reached $ 75 million.
Blockchain technology holds great promise in Ethiopia, the largest coffee producer in Africa, but getting a foothold in the country is a challenge due its constraining bureaucracy. One blockchain company is finding inroads by directly collaborating with the government.
IOHK, the company behind the Cardano blockchain, has announced a partnership with the government of Ethiopia to explore how blockchain technology could benefit the country. As part of that, IOHK is offering to train up to 100 Ethiopian software developers in the Haskell programming language.
The central bank of Russia is preparing to transfer payments on SPFS, its domestic version of SWIFT, to the blockchain in 2019.
Ethereum Or New Blockchain To Power Blockchain SWIFT
As local news media outlet Izvestiya reports May 4 quoting a source close to Bank of Russia, authorities are currently deciding on a blockchain solution on which to begin sending payments.
This, they say, could be either a homegrown effort or make use of existing options, namely Ethereum.
Two banking sources “familiar with the situation” confirmed the plans to the publication.
Blockchain research and development company IOHK has announced a partnership with Ethiopia’s government to explore applications of blockchain technology in the country. In collaboration with the Ethiopian Ministry of Science and Technology, IOHK will work with ministers, entrepreneurs, and start-up companies to examine blockchain applications that can benefit the country. Ethiopia is exploring a first use case of supply chain traceability for coffee, its largest export, among other agricultural technology applications.
In addition, IOHK will train up to 100 Ethiopian software development students in Haskell, a rigorous programming language used for mission-critical applications and blockchain development, including the protocol behind top 10 cryptocurrency Cardano.
Thus far, 2018 has largely been a period of uncertainty regarding the state and future of Initial Coin Offerings. With the US SEC taking an increasingly active role in the regulation of ICOs, and an increasingly controversial perception of this funding method, it is unclear what sort of role ICOs will serve in both the short and long run.
Earlier this week, the Wall Street Journal reported that Telegram had decided to cancel its hotly anticipated ICO. The encrypted messaging application plans to create the Telegram Open Network (TON), a massively scalable blockchain ecosystem for micropayments and file storage, among other services, through DApps and smart contracts across multiple, connected blockchains.
What would happen if bitcoin were to suffer a 51% attack? It’s a hypothetical question, but one that has troubled some of the community’s brightest minds. Just as army generals play out countless war games, enacting doomsday scenarios, bitcoin defenders like to ponder ways in which the decentralized cryptocurrency could be attacked and brought to its knees.
Mitek, an identity verification solution provider, has announced that it is providing digital on-boarding for BTCDirect customers. A bitcoin broker platform, BTCDirect has experienced rapid growth with up-to 3000 on-boarding requests a day. To accommodate the surge in demand and meet increasingly stringent regulations, Mitek’s identity verification solutions are being used to on-board customers in as little as 10 minutes.
Founded in the Netherlands in 2013, BTCDirect acts as an agent in the buying and selling of bitcoins. Following the increase in cryptocurrency trading in the last year, BTCDirect wanted to ensure the on-boarding process was frictionless, but also compliant with regulatory demands.
Nikolai Nikiforov, the Russian Communications Minister, has said the government might ban Viber the same way it did Telegram. According to the minister, failure to comply with the request by the Federal Security Service (FSB) for encryption keys could see the app banned in the country. The FSB recently secured a court ruling prohibiting Telegram from operating in Russia.
Viber May Be Banned If It Fails to Comply
According to reports in the local media, the Russian government might target Viber if it fails to provide access to private communications of its users. Minister Nikiforov said that it is incumbent on the FSB to obtain an injunction if Viber does not comply with its directives. The minister also said that the matter is entirely in the hands of the FSB.
The company allows customers to trade gold with bitcoin directly, all the way down to 0.1 gram in quantity. Customers can hold the asset for seconds or years, with their ownership certificate securely stored on the blockchain. All gold holdings are physically stored by Pro Aurum in Switzerland and audited by BDO. The physical gold can be requested by customers or left in the vault, where it is also insured. Vaultoro is also working on a gold-backed debit card.