CCN had a moment to speak with Ben Fairbank, the general manager of Komodo (KMD), a community-oriented smart contract-centric fork of Zcash. Komodo offers a usable layer between the world’s largest proof-of-work system, Bitcoin, and decentralized applications. Komodo enables tokenized systems to rely on the security and immutability of the Bitcoin blockchain without having to build directly on top of it. They have pioneered the “crypto conditions” aspect of smart contracts. In layman’s terms, smart contracts can run on Bitcoin-based blockchains with the same degree of usability as Ethereum smart contracts. Delayed Proof-of-Work Komodo uses something called delayed proof-of-work (dPoW). Delayed
By CCN.com: MIT researchers have designed a new cryptocurrency, Vault, to make it easier for new users to join the network by reducing the bandwidth for starting a new node by 99% over Bitcoin. Shocker (Not): New Cryptocurrency Claims to be Better than Bitcoin Derek Leung, co-author of the Vault paper and a graduate student in the … Continued
The post Trying to Build a ‘Better Bitcoin’ is as Pointless as Creating a ‘Better’ Google Search appeared first on CCN
President Donald Trump has proposed extending protection for some illegal immigrants in the U.S. in exchange for wall funding along the Mexican border. The offer, which was announced Saturday after 4:00 p.m. ET, presents Congress with a new pathway to ending the longest government shutdown in U.S. history. A Presidential Compromise Speaking live from the
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By CCN.com: Trying to make heads or tails of Tesla’s financial footing continues to be a task. The good news for Elon Musk keeps getting trumped by worrisome, if not flat out bad news. This month is proving to be a trying one for Tesla founder and CEO Elon Musk. It’s enough even to give
The post Ledger, Neufund partner to build secure framework for managing real-world assets on blockchain appeared first on CoinReport.
In a bid to provide services for institutional investors, investor tools provider Picks & Shovels is merging with crypto accounting startup CoinVantage.
According to a Reuters report, Allianz Global Investors (GI) CEO Andreas Utermann encouraged regulators to outlaw crypto. At a conference held in London, directed toward Andrew Bailey, the head of Britain’s Financial Conduct Authority. Utterman said: “You should outlaw it [crypto]. I am personally surprised that regulators haven’t stepped in harder.” Regulators Aren’t Outlawing Crypto
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Swiss Post and Swisscom will take advantage of their trusted reputation in Switzerland to create a blockchain platform for use by themselves and others that will be based on Hyperledger Fabric2. Swiss Post is publicly owned and the country’s second largest employer. It already uses blockchain technology to record temperature data while transporting pharmaceuticals in
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Morgan Creek’s Anthony Pompliano has declared that, contrary to the expectations of some in the blockchain space, Facebook will eventually build the “most used product in crypto.” Responding to a tweet by The Block founder Mike Dudas inferring that Facebook is hiring blockchain engineers without a clearly defined role or purpose for them, Pompliano stated
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Mike Novogratz, the chief executive officer of Galaxy Investment Partners, recently discussed the challenges of building a cryptocurrency investment firm in the 2018 bear market. But the former Goldman Sachs partner predicts that institutional demand for cryptocurrencies will drive the start of a new bull trend in 2019.
Galaxy Digital CEO Discusses Market Landscape
Novogratz recently opened up about the challenges involved with launching a business in a bear market. But the 53-year-old former Fortress hedge fund manager hopes the group’s cryptocurrency merchant bank, Galaxy Digital, will eventually become the “Goldman Sachs of crypto.”
The Blockchain Technology Foundation, which is also referred to as the Commons Foundation, has been based in South Korea since its inception, but recently completed talks with the government of Paraguay regarding the establishment of something rather massive: the world’s largest bitcoin mining farm and crypto exchange. Many readers may be surprised to know that
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This is a submitted sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. November 18, 2018– The vast majority of people view the ups and downs of the world of Bitcoin and other so-called cryptocurrencies as terribly risky. Volentix is developing a
The post Volentix Plans an Incentive Program to Build a Decentralized Community appeared first on CCN
Mythical Games is “a next-generation game technology studio.” Their focus is online games where players own the assets they develop or acquire in the game – true digital ownership powered by the blockchain, as opposed to managed digital ownership backed by centralized servers. It’s an important difference. When a player acquires assets in a game
The post Activision Alums Raise $ 16 Million to Build EOS-Focused Blockchain Game Studio appeared first on CCN
Experts from Russia will provide support for the development of Iran’s crypto-economy. The cooperation is part of an agreement reached by representatives of leading industry organizations from the two countries, both subjected to western sanctions.
Crypto Associations Sign Cooperation Agreement
The document has been signed by the Russian Association of Cryptoindustry and Blockchain (RACIB) and Iran Blockchain Labs (IBL), an innovation hub tasked with the implementation of digital technologies in the economy of the Islamic Republic. The research and advisory center has been established by the Sharif University of Technology and with the participation of the Central Bank of Iran.
The School of Computer Science at the University of Guelph has partnered with an award-winning startup to revolutionize connectivity across Northern Canada.
The Maple Ridge-based tech company Left has teamed up with the University of Guelph to launch a $ 2.1 million project with Mitacs to spread Mitacs’ patented mobile mesh network to a wide range of remote communities in Canada.
This is the largest partnership the School of Computer Science has ever undertaken, incorporating “120 graduate student internships over five years, from universities across Canada.” Left and Mitacs are providing the majority of the funding for this project, while the cooperation of universities across Canada will lay the groundwork for an ambitious connectivity project.
Tom Jessop, President of Fidelity Digital Asset Services says that the asset manager will take crypto to the next level by enhancing the sector and providing a secure Bitcoin custody solution so institutional investors can get a piece of the crypto pie.
Bitcoin Custody Solution Will Remove Barrier
In the most recent episode of her Unconfirmed podcast, Laura Shin interviewed Fidelity president of Digital Asset Services Tom Jessop. The two had a cryptocurrency and blockchain focused discussion about the company’s plans to help develop the Bitcoin 00 and cryptocurrency market to a higher level of functionality and value.
In a press release published earlier today, DMG Blockhain announced that it will build a blockchain based supply management platform for the Cannabis industry. Using DMG’s platform, producers, distributors, retailers, shippers, regulators, and others in the Cannabis supply chain will be able to ensure product traceability, safety, and transparency when it comes to the Cannabis business. The platform is set to deploy in Canada first, and later expand globally.
What is DMG Blockchain?
The price of MakerDAO (MKR), the creator of stablecoin Dai (DAI), is up around 15% over the last 24 hours to $ 616.90 after a strong breakout Thursday and Friday. MakerDAO is the decentralized governing organization behind DAI, a stablecoin whose value is pegged to $ 1 using a dynamic system of collateralized debt positions, meaning the coin is fully […]
This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned
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Squire Mining Ltd. has announced Samsung as the manufacturer for its ASIC chips for Bitcoin mining. The Canadian based company also selected Gaonchips as the firm responsible for its cryptocurrency mining chipset.
Squire Partners with Gaonchips and Samsung
According to a press statement published by the company, the manufacturing will take place in South Korea. A portion of the announcement reads:
On August 1, 2018, we announced that Squire had engaged an undisclosed arm’s length design fabrication firm to perform the back-end design, testing, and initial mass production run of our next generation ASIC chip for mining Bitcoin Cash, Bitcoin, and other associated cryptocurrencies. We are delighted that we are now able to disclose Gaonchips as our design house and Samsung Electronics as our foundry partner.