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Jim Chanos — an American investment manager and founder of Kynikos Associates, a New York City-registered investment advisor focused on short selling — claims fiat currencies could bring the world down. However, he also claims that Bitcoin is “the last thing” he’d want to own in the event of a catastrophe.
‘The last thing I’d want to own is bitcoin’
In an interview with the New York City-based nonprofit think tank The Institute for New Economic Thinking, nocoiner Jim Chanos didn’t shy away from his negative opinions on Bitcoin and other cryptocurrencies.
Zcoin, a privacy-focused asset, is launching a working version of MTP v1.2 (Merkle Tree Proof) — an ASIC-resistant proof-of-work (PoW) algorithm — on its testnet. Chinese mining conglomerate Bitmain had recently announced the release of an ASIC designed for mining the similar, privacy-based cryptocurrency Zcash, which ultimately led to some concerns in the cryptocurrency space, and Zcoin is looking to offer reassurance.
Founded in September of 2016, Zcoin was constructed to tackle decentralization and privacy issues on the blockchain. It was also the first currency to implement the Zerocoin protocol and provide financial privacy by using zero-knowledge proofs.
Some blockchain applications are solutions looking for problems, but there are other issues that are just begging for help from decentralized technology. Managing and authenticating identity is one of the latter.
Traditional authentication processes in many industries use easily guessable identity questions, forgeable documents and unwieldy manual checks. As such, they are ripe for disruption. Armin Ebrahimi, CEO and founder of the blockchain-based ID management company ShoCard, said that the real challenge is focusing the lens.
“There are so many areas where solutions can apply; one of the challenges has been focusing on fewer verticals so that we can do a better job and not spread ourselves too thin,” he said.
March 10, 2018 Singapore – Tech startup ETHMS has announced its intention to implement blockchain technology through its ERC-20-based token to revolutionize the cross-border services market. The company is building an infrastructure based on ethereum technology to bring general services, contractual agreements and specifically cross-border services into the digital realm.
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The cryptocurrency market has had a banner year thanks to the meteoric rise in bitcoin prices and the huge popularity of initial coin offerings as a new way of fundraising. Many people are buying into new digital tokens with the assumption that those virtual currencies will appreciate over time at levels similar to Bitcoin, or its rival Ether. Market watchers have stated they expect more dramatic movements in the cryptocurrency market in 2018.
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Paytomat Will Run a Token Sale to Bring Cryptocurrencies to Your Next Door Cafe and Grocery Store
Having successfully integrated with over a hundred of point-of-sales in Ukraine, Paytomat will be holding a token sale to scale its blockchain-based solution to the global level
Coinfirm to help Quanta develop strict anti-money laundering and counter-terrorism financing prevention methods and streamline compliance processes through the Coinfirm AML/CTF Platform.
Quanta has enlisted Coinfirm to help identify and solve problems related to achieving and maintaining compliance and adhering to regulations. Through its API and structured reports, Coinfirm will help Quanta develop strict AML/CTF and fraud prevention methods, streamline the compliance process and give Quanta the ability to safely realize its potential and goals.