power

Bitcoin Shoots Past $12,000 While US Dollar Hits 2-Year Low

Source Node: https://www.bitcoinmarketjournal.com/bitcoin-shoots-past-12000-while-us-dollar-hits-2-year-low/
Time Stamp: August 18, 2020 5:53 PM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

We’ve been on dollar watch for a couple weeks now, as it loses ground against virtually every asset on the planet. In this graph, we can see that the Dollar Index chart has been declining since late-May, and has now sunk below the near-term support (yellow line) on its third attempt. The Dollar Index, however, only really shows the U.S. dollar’s place within the currency markets. In fact, the purchasing power of all fiat currencies has been falling steadily for many years, a process that has been vastly accelerated by

How to Restore Your Faith in Government

Source Node: https://www.bitcoinmarketjournal.com/how-to-restore-your-faith-in-government/
Time Stamp: August 18, 2020 5:47 PM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

Images courtesy of MIT Video Productions Here’s the announcement of the new blockchain education program with the Massachusetts state government. It’s a big deal. We have a vision for where this kind of partnership can go, when governments begin educating themselves on the power of bitcoin and blockchain. That vision can be summed up in two words: Kendall Square. Kendall Square, then. The Kendall Square neighborhood lies next to the Massachusetts Institute of Technology, stretching along the Charles River that separates Cambridge from Boston. (Here’s a map.) Although you’d think

Questions Remain Around The OCC Decision To Allow Banks To Custody Crypto

Source Node: https://bitcoinmagazine.com/articles/questions-remain-around-the-occ-decision-to-allow-banks-to-custody-crypto?utm_source=rss&utm_medium=rss&utm_campaign=questions-remain-around-the-occ-decision-to-allow-banks-to-custody-crypto
Time Stamp: August 18, 2020 1:26 PM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

The recent Comptroller of the Currency (OCC) ruling that national banks and savings associations can provide cryptocurrency custody services to clients is one of the biggest milestones in the short but spectacular lifetime of digital currencies. Now that U.S. banks have the green light to begin custodying crypto, everybody knows that the rules have changed — we just don’t yet know exactly how.  As the dust begins to settle, there are a number of important questions we need to ask. What is the thinking behind the OCC’s letter? Why now? And

Ham to Improve on Yam With Latest DeFi Experiment

Source Node: https://beincrypto.com/ham-to-improve-on-yam-with-latest-defi-experiment/
Time Stamp: August 18, 2020 1:13 PM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

The Yam yield farming frenzy that took DeFi by storm last week highlighted a number of elements that could have been improved with the launch. A new offering called Ham aims to right the wrongs and improve on Yam with a truly community-driven project. There were several flaws with the Yam launch, but the ultimate reason was that it had to be rescued by whales. This pretty much negates any progress made on the path to becoming a truly democratic and community-governed monetary system. A migration plan proposed late last

Brave Releases Update on its Decentralized Ad Platform

Source Node: https://beincrypto.com/brave-releases-update-on-its-decentralized-ad-platform/
Time Stamp: August 18, 2020 11:59 AM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

In a June blog post, the team behind Brave, the open-source browser known for its privacy and unique advertising model, published a straw version of one of its research initiatives. The initiative is an ad platform called ‘THEMIS.’ Themis is a decentralized and private-by-design protocol that aims to improve upon the current Brave ad ecosystem. This new protocol comes with numerous potentially attractive features. According to Brave, it will give users anonymity, it’s decentralized, it requires zero trust, and provides auditability. On August 17, the team published part two of

Bitcoin Breaks Out Above $12,000 — Legitimate or Fakeout Rally?

Source Node: https://beincrypto.com/bitcoin-breaks-out-above-12000-legitimate-or-fakeout-rally/
Time Stamp: August 18, 2020 5:50 AM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

On Aug 17, the Bitcoin (BTC) price created a bullish engulfing candlestick and broke out above its previous high. While the breakout looks legitimate, it is not yet clear if there is enough buying power for BTC to continue making higher-highs. Bitcoin's Questionable Breakout On Aug 2, the Bitcoin price reached a high of $12,123 but dropped sharply the same day. Since then, the $12,000 × BeInCrypto Premium - Register for FREE now. Want to know more? Join our Telegram Group and get trading signals, a free trading course and

Two Attacks on ETC Network Leave Community Needing a Solution, Fast

Source Node: https://cointelegraph.com/news/two-attacks-on-etc-network-leave-community-needing-a-solution-fast
Time Stamp: August 16, 2020 9:15 AM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

Ethereum Classic, a 2016 hard fork from Ethereum’s main blockchain, has suffered multiple concerning network attacks over the last two years. Two such attacks occurred within a seven-day span, totaling millions of dollars in losses. With the dust settling from the two 51% attacks, further details are now coming forward, as provided by a number of industry experts.“There is no debate about the attacks,” ETC Labs CEO Terry Culver told Cointelegraph on Aug. 7, answering a question on whether or not the network difficulties were in fact 51% attacks. “Community

The Importance of Developing the Decentralized Finance Space

Source Node: https://cointelegraph.com/news/the-importance-of-developing-the-decentralized-finance-space
Time Stamp: August 16, 2020 7:00 AM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

The rapid growth of the decentralized finance space, the rise in demand, the improvement of its protocols, and the breadth of offered services and opportunities will provide retail users with the options they are sorely lacking in the existing financial system. And it will enable institutions to move real-world assets onto the blockchain, generating untold cost-savings and improved efficiencies.But it doesn’t have to be a violent revolution. DeFi doesn’t necessarily need to overthrow the incumbent system. I believe that DeFi will complement traditional finance, force it to do better, and,

What is Ferrum Network? A Guide to High-speed DeFi

Source Node: https://www.asiacryptotoday.com/ferrum-network-frm/
Time Stamp: August 14, 2020 2:53 AM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

Decentralized finance has risen to become one of the foremost active sectors in the crypto space. With the establishment of decentralized ecosystems with global network effects and interoperability, they have successfully penetrated the fintech industry. One very interesting  DeFi project is Ferrum Network. Ferrum’s revolutionary technology brings networks together, for a consistently high-speed and low-cost transaction experience for each digital asset. It aims to overcome current problems in cryptocurrency usage in real-world finance applications. Table of Contents Background Founder Naiem Yeganeh, along with Co-Founder and COO Ian Friend, laid the

Championing Blockchain Education in Africa: Women Leading the Bitcoin Cause

Source Node: https://cointelegraph.com/magazine/2020/08/12/blockchain-africa-women-bitcoin
Time Stamp: August 12, 2020 9:09 AM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

It’s no secret that women are underrepresented in the technology and financial industries. In the U.S, women only hold a quarter of computing-related jobs. Some sectors, like software engineering, fare even worse, with female representation as low as 15%. And now along comes blockchain, a technology that promises a global revolution through decentralization. Blockchain has already begun to transform many industries, from finance and supply chain management to healthcare and governance.  However, it has yet to significantly change the demographics of the tech industry. According to a study conducted by