By CCN Markets: The Dow inched toward a cautious session on Friday following President Donald Trump’s blunt assertion that Iran owns the blame for attacks on two tankers in the Gulf of Oman. Dow Edges Lower; Nasdaq Suffers Steep Drop All of Wall Street’s major indices prepared to suffer opening bell declines. As of 9:07 am ET, Dow Jones Industrial Average futures had dropped 43 points or 0.16% to 26,078; that set the DJIA up for a 50.77 point decline. S&P 500 futures declined 0.24% to 2,891.5. Nasdaq futures fared the worst, as plunging chip stocks caused the tech-heavy index
There’s a party happening right now and everyone’s invited. The music’s playing, the fridge is loaded and the bathtub’s full of ice. All the ingredients for the sickest soiree are in place. There’s just one problem: the guests have yet to arrive. Welcome to the world of security tokens, where you can tokenize anything you like, but making it tradable is another matter entirely.
Lightning Labs, the development team working to grow the Lightning Network, just released the alpha version of a new protocol called Lightning Loop.
Lightning Loop is designed to give users the ability to deposit and withdraw bitcoin from their payment channels (the two-way payment gateways that allow users to send and receive funds to and from each other) without closing these channels entirely.
“Lightning channels are like tubes of money: the more you send the more you can receive, and the other way around,” according to a blog post written by Lightning Lab developers Alex Bosworth and Bryan Vu. “Money moves around in the tube, but the total amount of funds remains constant. So, unlike other payment systems, Lightning requires ‘inbound capacity’ in order to receive funds.”
A survey commissioned by the bank of central banks, the Bank of International Settlements, has disclosed that even though Central Bank Digital Currencies (CBDC) are being researched by a big number of reserve banks, the work is mostly conceptual. Consequently, only a handful of them have any intentions of issuing a CBDC in the near
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Wells Fargo — the third-largest US bank with $ 2 trillion in assets — will pay a $ 575 million settlement after admitting that it systematically scammed its own customers for 15 years. Ironically, the fine comes just months after the banking giant dismissed bitcoin as too risky an investment. Pursuant to a nationwide federal investigation, Wells Fargo admitted that its employees opened more than 3.5
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Ripple CEO Brad Garlinghouse went on Bloomberg TV for an interview about the usefulness of his company’s technology and told the interviewer that “any digital asset in the long-term is going to be valued based upon the problems it’s solving.” Garlinghouse: SWIFT’s Customers Think Blockchain Has Promise Ripple is widely believed to be solving the
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When the idea of a working digital currency like bitcoin was introduced, many of its early adopters disliked the current bureaucratic system, with a cartel of bankers pulling the world’s monetary strings. Over time, however, something weird has happened and the idea of permissionless innovation perverted into people literally asking nation states for permission, begging for ETFs, and creating a settlement layer for the ‘new 1%.’
Singapore-based cryptocurrency exchange Huobi Global today introduced an all-in-one stablecoin program called HUSD, which will allow traders to convert between four USD-pegged cryptocurrency tokens. HUSD: Huobi’s All-in-One Stablecoin Solution According to the announcement, the HUSD solution aims to reduce the need to choose between multiple stablecoins, as well as to cut down transaction costs incurred … Continued
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As of yesterday, October 9th, 2018, Binance, one of the world’s largest and most popular cryptocurrency exchanges, has announced that they will be delisting four tokens from their trading platform until further notice. The announcement was made early yesterday morning on the exchange’s website and stated that due to the Binance team’s dedication to protecting
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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. Ask any layperson their views on cryptocurrencies and you’ll likely hear that they’re mainly used for illicit activities and tax evasion. While this is obviously far from the … Continued
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Using cryptocurrency for political donations has been a hot topic in many societies. Two recent developments demonstrate different views on the matter. A Taiwanese politician who has accepted bitcoin from his supporters believes crypto donations can help keep his country’s political system clean and transparent. At the same time, the California campaign watchdog says cryptocurrency can raise questions about transparency and is hard to track.
Respected economist Professor Steve Hanke has chanted down central banks. While Hanke doesn’t tout cryptocurrency as an alternative, he does say that the world needs fewer central banks because these government-controlled entities are messing up economies and abusing monetary policy, while fueling inflation and loss of wealth.
Central Banks Have Crashed Economies Through Reckless Money Printing
Central banks have come under fire for aiding struggling economies to crash through reckless money creation, thereby fueling inflation. Prominent economist and currency expert Steve Hanke, who played a key role in establishing new currency in Argentina, Estonia, Bulgaria and Ecuador, says the world needs fewer state banks to prevent economic and cash crises.
As 2019 approaches, we need to start looking at our options for the next year. If the start of 2018 was anything to go by, the crypto markets could be huge going through January, though as it stands we don’t expect the same level of hype to be drawn into the markets at the start of next year, unfortunately. This doesn’t mean to say that crypto won’t fly in 2019, but it does mean that as things stand, we can’t see us entering the new year with Bitcoin at $ 20,000.00 so to speak.
Technological revolutions have shaped our world. Without past inventions and historical landmarks, contemporary society would only be a shadow of its current self. Without a number of the worlds inventions, none of what we experience today would be possible. I say this as I type on a laptop, listen to music through a bluetooth speaker and drink mineral water out of a bottle.
See what I mean?
Inventions that are technological revolutions can be anything, from the iron nail to the printing press, the wheel to the shipping container, the smartphone to the internet.
The EU’s Policy Department for Economic, Scientific and Quality of Life Policies released a report entitled “Virtual currencies and central banks monetary policy: challenges ahead.” Authored by Marek Dabrowski and Lukasz Janikowski, the report comes at the request of the European Parliament’s Committee on Economic and Monetary Affairs, and its findings are a focal point for the committee’s July 2018 Monetary Dialogues.
Referring to cryptocurrencies as virtual currencies (VCs), the report examines the functionality of cryptocurrency as a monetary instrument; its most popular iterations in bitcoin, ether and other popular currencies; and its ramifications for governments and their central banks.
While everyone is looking for an indication that institutional money is about to flood into bitcoin and revive the market, we just got another conformation that crypto has indeed entered the big leagues. Companies in the industry are now putting former regulators on their payroll, as is common for Wall Street mega banks, government-supported telecom monopolies, competition-stifling tech giants and the like.
If you own EOS or eosDAC ERC20 tokens, you need to register your Ethereum address with an EOS public address to receive the coins on the EOS network. This article will show you step by step how to register your coins.
Moving to the Mainnet
After a nearly year-long ICO, the EOS main net is finally ready to launch. The EOS token was originally created on the Ethereum blockchain to raise money for development, with the idea that the tokens would be transferable to the mainnet once it launches. The token contracts themselves are hard coded to stop working at a specific date and time. For EOS, the date is June 2, 2018, at 11:59 UTC. For eosDAC, it is June 1, 2018, at 11:59 UTC.
You never change things by fighting the existing reality; to change something, build a new model that makes the existing model obsolete.
Buckminster Fuller, 20th-century architect and theorist
Blockchain tech allows business transactions to be secure in a world where everything from your Facebook profile to your entire business model can be hacked. But it’s the unseen fraud and tactics that go unnoticed which companies and security experts need to worry about as well.
Too Costly and Burdensome