The economic background, the modern society’s state of mind, and the technological progress altogether gave rise to a new concept — sharing economy. It is an economic model centered around the shared consumption of and usage of goods and services, a move away from actually owning things to renting them when needed. Generation Z is eager to feel free from the bonds of outside world. Now people prefer mobility to the benefits of settling down at one place. This new industry rarely sees a blockchain-powered solution: most of them are ironically traditional and centralized. This, however, is about to change with Vanywhere, a startup that uses blockchain to share expertise just like rides in Uber.
Origin Protocol, a blockchain start-up that is building infrastructure for a new decentralized sharing economy, has announced that it is forming a technology partnership with NuCypher, a company that provides encryption technology to decentralized applications. In the future, sharing economy companies building on the Origin Protocol platform will have access to NuCypher data re-encryption technology, which is described as ‘HTTPS for Dapps’ and will allow for more complicated applications to be built completely decentralized.
Could this year’s crypto winter be nearing an end? That’s the opinion of some experts, and while bullish predictions are easy to come by, there are signs that a thaw could be underway. In today’s Bitcoin in Brief, we examine the market forecast for the weeks ahead.
On April 10, 2018, 22 European countries joined forces to cooperate on blockchain regulation and education.
The European Blockchain Partnership “will be a vehicle for cooperation amongst Member States to exchange experience and expertise in technical and regulatory fields and prepare for the launch of EU-wide blockchain applications across the Digital Single Market for the benefit of the public and private sectors,” states the European Commission press release.
Codex, a decentralized title registry for the $ 2 trillion dollar arts & collectibles (A&C) asset class, has announced today that it will be partnering with ConsenSys to host a live charity auction at Ethereal Summit, which takes place in New York City on the 11th and 12th of May, 2018. The live auction will be part of a broader sale of artworks hosted together with Rare Art Labs. Proceeds from the sales will go to a foundation, which is being established to support creatives working at the intersection of blockchain technology and art.
Bitcoin is currently trading for just over $ 6,900. After a 24-hour period of hovering at $ 6,800, the price has seemingly increased by roughly $ 100.
Last week, the price of bitcoin seemed to fall by $ 100 a day. This week, the opposite is true. We first saw bitcoin standing at the $ 6,700 mark on Monday following a weekend high of $ 7,000. It has since risen to $ 6,800 on Tuesday, and now $ 6,900 on Wednesday. Given its present route, one can’t help but hope the price will once again reach $ 7,000 tomorrow and show enthusiasts that the weekend rally, though small, wasn’t a fluke.
Australia moves to regulate cryptocurrency providers by putting them under the direct purview of Australian Transaction Reports and Analysis Center (AUSTRAC) – the country’s money-laundering watchdog.
The changes, as reported by Reuters, are to become effective immediately. Months after AUSTRAC filed a money-laundering lawsuit against the Commonwealth Bank of Australia (CBA), regulators move to institute new registration requirements for cryptocurrency exchanges, hoping to substantially reduce the risk of cybercrime, terrorism financing, and, of course, money-laundering.
Traditional Australian investors have gotten a new alternative for investing in the bitcoin and cryptocurrency markets. A publicly listed firm has launched a fund focusing on the field. Additionally, Digitalx has created a new educational video platform about cryptocurrency.
Digitalx Ltd (ASX: DCC), has launched a new crypto-assets investment fund that will focus primarily on leading cryptocurrencies while allowing diversification with regulated ICO tokens, crypto derivatives, fiat, and managed schemes. Ellerston Capital veteran Tim Davies has been appointed as portfolio manager.
As reported by Quartz, someone has created a sham company with the name of the Telegram ICO, Telegram Open Network Limited. The UK company, registered with Companies House on Feb 28, lists Pavel Durov as CEO, but was confirmed as a fake by Telegram over Twitter.
Keen observers may, however, have spotted the clues suggesting that the company may not be all that it seems.
For starters, the listing claims that Pavel (stated as sole director, shareholder and company secretary) is a British citizen. In fact, Durov is a citizen of St Kitts and Nevis. He left his native Russia after he was ousted from the VK social network which he founded.
Financial institutions in Canada have largely embraced blockchain technology, with most major banks, including the central Bank of Canada, conducting pilot projects or at least research into the uses of blockchain technology in banking. In fact, the Bank of Canada has gained a reputation for blockchain-friendliness with its experiments with mock digital currencies and payment systems on the Ethereum blockchain.
As for bitcoin and other cryptocurrencies, they’ve mainly been getting the cold shoulder from Canadian banks, with most crypto startups having some difficulty getting bank accounts and accessing other banking services.