Crypto The Next Internet Revolution According To Coinbase’s Executive
Asiff Hirji, the President and Chief Operating officer of the largest regulated crypto exchange in America, believes cryptocurrency is the technology that will enable the development of the next iteration of the internet: Internet 3.0.
According to the Coinbase executive. the next wave of innovation could see solving two significant problems today: Money and Privacy.
He states that we are already in the cusp of internet 3 moving from different stages of computing technology from mainframes computers to cloud technology.
Now we are seeing the next wave of innovation where in great companies are being created that will enable us to create the decentralized web.
Decentralization describes the state of being distributed but at the same time having a combined control over the system.
It can be likened to a bottom to top approach where the system is governed by a protocol created and enforced by its limited number of participants.
Bitcoin is a good example of a decentralized financial network.
The Gibraltar Blockchain Exchange (GBX)
The Gibraltar Blockchain Exchange (GBX) which is owned by the Gibraltar Stock Exchange (GSX) has recently been granted a DLT license by the Gibraltar Financial Services Commission (GFSC) and aims to be a world-leading institutional-grade platform.
Aside from offering a fully regulated platform it has also added three fiat on-ramps which includes EUR, GBP and USD.
Currently the exchange offers major cryptocurrency such as Bitcoin and Ethereum and some niche offering such as IOST and ART.
The GBX may appeal for those traders who are buying into secondary markets and issuers of ICO.
ICO who wants to launch their offering in the platforms goes through a traditional betting process and due diligence/compliance before they are taken to the market.
Each of the ICO will be assigned a sponsor by GX to assist in bringing the project to the market.
As part of this new development, its native token RKT will be replaced by STACS coin which has the same function of the prior-reduced listing and trading fees as well as the main currency for membership incentives.
According to Nick Cowan, CEO of the Gibraltar Blockchain Exchange his firm believes in the principle of transparency, efficiency and security.
These guiding principle has driven them to build a token sales platform that ensures the best utility for the wider trading community.
Cryptocurrencies Will Gain Wider Acceptance According To Economic Chief Advisor Of Allianz
The Chief Economic Advisor of Allianz has recently stated in a conference in New York that cryptocurrencies are here to stay and would probably gain wider acceptance.
In the New York Consensus Conference Mohamed El-Erian reveals that despite current market sentiments he still has positive outlook on the future of the nascent industry.
The current meltdown he believes is just a predictable part of the cycle and is even healthy for the market.
The current market slump has seen retail investors gone more cautious about cryptocurrencies and some have even abandoned it all together while interest of institutional investors is growing and the participation of institutional investors in various crypto-related project is a very positive sign of what is to come.
According to El-Erian retail investors are becoming more reasonable and institutional investors are starting to establish foothold which is good for the long-term.
However the esteemed economist states that he believes cryptocurrencies are more like commodities and not currencies.
He also states that what won him over is the technology behind the cryptocurrencies which at first was hard for him to distinguish apart from its first applications which are cryptocurrencies.
He further explains that cryptocurrency will not probably replace traditional money but will coexist with it.
Huobi Launching Futures Trading Platform
In a conference dubbed as CryptoFrontiers Conference in New York City, one of the largest cryptocurrency exchange in the world has recently announce the launching of its derivatives contract trading platform - Huobi Derivative Market (Huobi DM).
The platform will be available to a handful of select countries and will enable users to take short or long positions for some coins.
The general counsel of Huobi’s global institutional Team states that their derivative contracts are agreements to buy or sell an asset on a specific future date and at a specific price.
Once the derivative contract has been executed both the counter-parties will buy and sell at the agreed-upon price irrespective of the actual market price.
Traders will also have an option to have 5x 10x and 20x leverage on their trades.
To limit both risk and uncertainty in the platform, Huobi has 24.hour monitoring services as well as insurance coverage for up to 20,000 BTC to any customer victimized by security breach.
Insurance is also issued for every trading pair against unfilled liquidation order losses.
Aside from the security measures indicated above, it will also employ a circular break mechanism that protects customers form unnecessary or forced liquidations.
Blockchain Initiatives Presented In Annual UAE Government Meeting
According to news reports, there have been blockchain initiatives announced during the Second United Arab Emirates (UAE) Government Annual Meetings.
The meeting was hosted by the government Artificial Intelligence (AI) and Blockchain Joint Working Group in which they propose strategies on how to attract foreign investment and create necessary technological infrastructure to make it happen.
One of this initiative announced in the meeting is the launch of the AI and Blockchain Guide Initiative which will serve as a reference for the standardized definition of the technologies on the federal level and will also introduce concepts on AI.
The meeting also saw the launch of the National Program for AI and Blockchain capacity building.
It provides university courses and scholarships in AI and Blockchain Technology under the purview of the ministry of Education.
Headlines for the world of Cryptocurrencies - November 30, 2018Blockchain Academy In Bahrain / LabCFTC Launches Primer For Blockchain And Smart Contracts / New Blockchain Tools From Amazon / The Man Behind Commission-Free Bitmex, Digitex Futures / Crypto Regulations Coming to Uganda Soon |
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Headlines for the world of Cryptocurrencies - November 29, 2018Binance Creating A Combined Stablecoin Market / Crypto Valley Of Asia Plans To Attract Japan, Korea and Australia / Blockchain-Powered Voting In South Korea Soon / Malaysia Will Get Their Crypto Regulations In The First Quarter 2019 / Starting 2019 No More Crypto Mining Subsidies In Mining In Norway |
Headlines for the world of Cryptocurrencies - November 28, 2018Binance Creating A Combined Stablecoin Market / Crypto Valley Of Asia Plans To Attract Japan, Korea and Australia / Blockchain-Powered Voting In South Korea Soon / Malaysia Will Get Their Crypto Regulations In The First Quarter 2019 / Starting 2019 No More Crypto Mining Subsidies In Mining In Norway |
