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NFT Marketplaces Thrives As DeFi Protocols Suffer

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A number of decentralized finance (DeFi) applications and their communities are vying for protection from a wave of liquidations as a result of the record-breaking collapse in cryptocurrencies, sometimes by taking unheard-of actions.

DeFi Staggers In The Winter

Even if the crypto market’s lending problem caused a gloomy period this past week, the DeFi ecosystem experienced a number of fresh advancements. Celsius, a different cryptocurrency lender with significant interests in DeFi technologies, filed for bankruptcy. In the second quarter, the market as a whole reached new lows.  Read more...

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DeFi Protocols At Higher Risk Of Exploit During The Bear Market, Here’s Why

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The bear market carries a lot of implications for investor depending the assets they’re invested in, and for untested market such as the decentralized finance (DeFi) market, the implications can be even worse. The space is already fraught with a lot of issues around insecurity. But with the bear market coming, one would think the reduced participation would deter attackers. However, it may be an even more dangerous time compared to bull markets.  Read more...

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Decentralized Protocols Are Making It Easier Than Ever to Gamble With Cryptocurrency

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Americans wagered $ 140 million on the 2017 Super Bowl, but if sports betting was legal nationwide, that figure would have been closer to $ 5 billion, it’s believed. Save for a handful of states such as Nevada, sports betting is outlawed in the U.S., though a Supreme Court ruling last year looks set to change that. In the meantime, decentralized protocols are making it easier than ever for cryptocurrency users to bet on a range of events including the Super Bowl.

Also read: New Hampshire House Subcommittee Approves Bitcoin for Taxes Bill  Read more...

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The Daily: Blockchain Surveillance vs Privacy Protocols

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The Daily: Blockchain Surveillance vs Privacy Protocols

The battle for privacy is ramping up. Every day, in the cryptocurrency space, we learn of increased blockchain surveillance, countered by the efforts of privacy protocol developers. We’ve got stories from both sides of the divide in this episode of The Daily, plus a “bitcoin mansion” that’s up for sale.

Also read: Blockchain Surveillance Firm Partners With Cryptocurrency Exchange Binance  Read more...

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Study Shows Many ICO Protocols Fail to Match White Paper Promises

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Study Shows Many ICO Protocols Fail to Match White Paper Promises

On July 19, a group of interdisciplinary researchers from the University of Pennsylvania, with guidance from the esteemed Penn Law professor David Hoffman, published an in-depth study of initial coin offerings (ICOs) that promise innovative concepts like autonomous governance and operate by the belief that ‘code is law’. However, most of the ICOs the group researched failed to match the original contractual promises and the so-called ‘trustless trust’ offered by these projects had very little merit.

Also read: Japan Tax Agency Says Individuals Earning $ 1,800+ in Crypto a Year Will Declare Tax  Read more...

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Providing Nationwide Healthcare Using Blockchain Protocols

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SimplyVital Health, a Boston-based blockchain healthcare company building the HIPAA-compatible protocol Health Nexus, has joined with The Cool Kids, to bring SimplyVital’s open source Key Pair System to identify the highest healthcare impact opportunity in the Philippines.

The Cool Kids are a collective of consultants and entrepreneurs committed to improving lives by developing tools for responsible stewardship of emerging technologies. Among these tools is Health Nexus, an open source blockchain protocol that is adoptable by healthcare globally.

 

READ MORE OF THE ARTICLE AT CHAIN-FINANCE.COM

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Op-Ed: The Potentially Fatal Flaw of Open-Source Blockchain Protocols

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Op-Ed: The Potentially Fatal Flaw of Open-Source Blockchain Protocols

The most important question to ask any decentralized blockchain protocol is: “How do you protect your protocol from ‘incumbent’ companies?” While many emerging protocols promise disintermediated commercial interactions between people, it is critical that these protocols are weary of corporate giants with FOMO. After all, most decentralized protocols are open-source – copying their code is free and 100 percent legal.

A Stark Ideological Juxtaposition

There is a disconnect between the utopian ideologies of decentralized “Web 3.0” developers and the ideologies of those whose livelihood depends on traditional business models. For “Web 3.0” developers, their goal is to create a decentralized protocol that maximizes value for users and removes middlemen. However, for those whose traditional business model is built around fungible services or middlemen economics, decentralization is a threat.  Read more...

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Ethereum DevCon1 Day Two – Brief Recap

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During the second day of the Ethereum DevCon1 conference, most of the focus was shifted towards developers and the concept of DApps.  It is no secret that the Ethereum protocol allows many different types of technological innovation.  Decentralized applications will play an important role in achieving that goal.

DApps Are The Future For EthereumDigitalMoneyTimes_Ethereum

Development of new applications will require a ton of effort from developers and a different approach to traditional coding.  None of this would be possible without thinking of the Ethereum blockchain as a service which is where the recent partnership with Microsoft Azure will play a pivotal role.  Deploying a virtual machine for Ethereum purposes will only take one click, and coders can start tinkering around within mere minutes.  Read more...

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