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According to statistics from the United Nations Refugee Agency, there are 25.4 million refugees in the world and some 3.1 million asylum seekers. On this year’s World Refugee Day, we’re reminded of the perpetual crises that plague our international communities and the displaced individuals they create.
For those in the blockchain industry, today may also serve as a reminder for how the new technology may provide a solution. With the ability to keep consistent, immutable tabs on digital identities, blockchain technology could rewrite how we record state-issued IDs in a digital age.
2018, once expected to be a bullish year, has turned into a slow burn of agony for most. Especially if one gained interest in and started accumulating in January of this year. Our hearts go out to the investors who hopefully stick around to see future run-ups in the years to come. Some even went as far as selling their homes to go all in on Bitcoin. Those people especially could use a boost or a change of trends sooner rather than later. Here are a few projects and their strategies that may be able to weather the storm.
Seattle-based cryptocurrency exchange Bittrex Inc. has established a formal agreement with Signature Bank in New York to allow corporate clients in specific states to purchase virtual tokens using USD. The move is designed to increase the amount of institutional capital making its way through the crypto space.
Chief executive officer of Bittrex Bill Shihara says the exchange has been working on this partnership for months. “It’s been a long path,” he commented. “It’s not just about banks being able to trust Bittrex; it’s about banks being able to trust crypto in general, and I think it’s really showing that crypto is turning the corner in terms of mainstream acceptance.”
The altcoin markets might be in freefall, ICOs dead in the water, and bitcoin nursing a fixed scowl, but you wouldn’t know it on crypto Twitter. Over the past 48 hours, its leading lights have been more preoccupied with having their profile pics “bogged” than posting charts. The Bogdanoff twins are one of the many memes to have taken over the crypto community, providing welcome relief amidst the growing gloom.
Also read: BTCC to Launch New Exchange Platform in June
The Bank of China will use the technology to upgrade their existing poverty reduction system in hopes of increasing efficiency and transparency.
The benefits of blockchain technology are both powerful and far-reaching in that it does much more than just make virtual currencies possible.
One of the industries where the efficiency, security, and immutability of blockchain can really shine is in the finance sector. As this industry is heavily reliant on record-keeping, it stands to reason that a distributed ledger could solve a host of data tracking issues.
The Lightning Network (LN) is approaching 2000 functional nodes as users begin to highlight the conspicuous cost savings using the technology.
Data captured from an overview of LN’s Bitcoin mainnet integration showed 1997 reachable nodes (with the actual number presumably much higher) at press time, with 6614 open channels and a total network capacity in excess of $ 150,000.
Despite remaining a challenging tool in terms of user interface, the technology has markedly improved in the approximately five months it has been active.
KYC and AML procedures play an increasingly important role in the world of cryptocurrency. This is especially true when dealing with initial coin offerings. IdentityMind has already processed 150 client requests in the past few months. It’s a very positive trend that will bring more legitimacy to the ICO industry moving forward.
While the number of initial coin offerings has not decreased by any means, the same old concerns remain in place. More specifically, a lot of projects can still be considered securities, and not all of these fundraising initiatives take the necessary KYC and AML procedures into account. This is quite worrisome, as such procedures are a mandatory requirement in most parts of the world.
The Swiss village of Gondo on the Italian border was once a haven for gold miners. Now, after decades of economic stagnation, it’s become a hot spot for miners of digital gold.
Over 100 years ago, the southern Swiss village of Gondo was famous on the European continent for its gold mines. These days, the tiny Alpine location is becoming famous for its cryptocurrency mining operations.
Celebrating the final weeks of its Pre-ICO, USAT Inc. is offering a very short-period promotion of 50% bonus on USAT token purchases before midnight 31st March 2018. Visit https://usat.io to take advantage of this great offer!
The Australia-based USAT Inc. allows inventors to patent their ideas for a small fee in USAT Tokens and then store their idea on a private blockchain, protecting the creator from IP theft. Then, if the IP holder wants to develop their idea through the USAT Inc. platform, the IP must pass rigorous scientific and commercial evaluations. USAT Inc. can offer new levels of IP Protection through this system. The projects are very carefully selected to address specific humanitarian and ecological problems, to help raise living standards.
