AirSwap Partners with MakerDAO to Bring Stability to Ecosystem AirSwap, a Brooklyn-based decentralized exchange, announced its partnership with MakerDAO, a platform that controls and sells a US-dollar pegged stablecoin called Dai. Live by the Sword, Dai by the Sword The issue with many cryptocurrency exchange platforms is that without a stable base asset, pricing assets against each other hinges on the lines between rapidly moving and chaotic. By adding a stablecoin, MakerDAO’s Dai, AirSwap will help encourage consumers to utilize various cryptocurrencies as mediums of exchange, rather than being pressured to game the market to increase or avoid the steep fall of their digital asset’s value. The Dai Stablecoin is backed by collateral (regulated by MakerDAO) and holds a stable value relative to the US Dollar. Since Dai proves stable denominations for token trades, a decentralized marketplace like AirSwap only serves to benefit by..
In a previous article, we discussed the differences between testnets and mainnets as well as their importance as technical milestones for any successful cryptocurrency project. A lot of projects are planning to launch either testnets or mainnets in the coming weeks. Let’s look at the 5 most important mainnets currently scheduled for release in Q2 2018. All of these projects have large followings and are ranked in the top 30 in market cap rankings as of mid-May 2018. We’ll examine the details we know so far and how the mainnets might impact the current cryptocurrency market. All market caps on this list were calculated on May 16, 2018. Tron (TRX) Mainnet Launch Date: May 31 Market Cap: $4.6 billion Tron (TRX) plans to stop using Ethereum’s ERC20 token technology on June 25, 2018, less than a month after the mainnet’s release. In addition, all old Tron dapps designed for the Ethereum network will be able to seamlessly..
This Week in Crypto Please Sir, Can We Find the Floor? The market’s looking for support, folks. Ever since Bitcoin failed to break $10k, assets across the board have been bleeding and prices have yet to find a floor. If you were hoping for a post-Consensus pump per historical precedent, I wouldn’t hold my breath. With a total market capitalization of $366bln, Consensus did little to save the market from the 4.6% drop it experienced over the course of the week. Sure, the loss isn’t catastrophic, but it is the second week in a row that we’ve seen negative price action. As we watch Bitcoin flirt with $8k, expect lower prices still if we drop below this support level. Bitcoin: Crypto’s #1 is down 6% on the week, holding just above the $8k threshold at $8,080. Ethereum: Ethereum hasn’t moved much at all to speak of. At $675, it’s almost exactly where it was last Friday, only losing 0.4% over the week. Ripple: In the same..
Who is Jihan Wu? Jihan Wu is the co-founder of Bitmain. Leading perhaps the most profitable and integral companies in the industry, Wu is considered to be a fairly powerful and influential figure. Along with that power comes a lot of responsibility and controversy. Wu has proven himself a to be a shrewd businessman, defeating challengers and creating a vertically integrated and highly profitable behemoth of a company. He studied economics and psychology at Peking University. Before Bitmain, Wu was a financial analyst and private equity fund manager. However, he is also at the center of the internet debate over Bitcoin vs Bitcoin Cash. Jihan Wu has been very outspoken about his support for BCH. His exasperation over challenging arguments and internet trolls has led to multiple public outbursts of profanity on social media. He has antagonized the developers of Bitcoin Core. Additionally, rumors speculate that Wu is using BITMAIN’s..
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In 2017 the buzziest word on the public’s mouth in the world was Blockchain that from the very beginning grabbed users’ attention as well as Applicature’s. Its popularity spreads so quickly due to its honesty, integrity, and validity. Creating ICOs has become one of the most popular possibilities to raise money for a project. Consider the information about the cost to launch an ICO to find out many important tips for providing a successful ICO campaign. As one of today’s key possibilities of capital-raising, it has both supporters and opponents. There is a growing chorus of adherents and, on the other hand, there are those, who find it a confusing phenomenon and as a result, perceive it with some caution. But after all, the power of blockchain impact on financial services of the 21st century is becoming more and more noticeable. The result is establishing record highs: every day it is discussed, used and, of course,..
The large number of blockchain applications have surprised even experts in the industry. One such surprising development is the ‘Forever Has Fallen’ game here the power of blockchain is utilized in a completely new industry. Forever Has Fallen a global transmedia game, which allows users to use Forever Coin utility chips through an economy both online and offline; which is backed by a business model with the objective of creating multiple sources of income, including FIAT currencies. The use of a strategic form of total access is a clavicle to make it possible for the funds to complete the game and thus provide support for utility tokens when the game is launched. The sales event of this game token offers nothing more and nothing less than 35% of the total source of the token in 1ETH, which equals 10,000 Forever Coin, for a maximum of 35,000ETH, and a uniform limit of 2,800ETH. The rights and privileges of the player in the game..
Ripple, a real-time gross settlement system, currency exchange, and remittance network, has announced the results of its first pilot for xRapid — the company’s business solution for payment providers and financial institutions looking to expand their reaches into new markets with increased scale, speed, and cost efficiency. Promising Results In its push to modernize financial services infrastructure via high-powered blockchain-powered solutions, improve the speed and cost of cross-border payments, lower barriers to financial inclusion, and pump trillions into the global economy, Ripple has announced the results of its in-house xRapid technology. Noted the company late last week: Today, we’re a step closer to realizing these goals with xRapid. It eliminates delays in global payments while also dramatically lowering cost. xRapid leverages the technology behind the digital asset XRP, to make cross-border payments truly instant...
MakerDAO, creators of the Dai stablecoin, and Blockshipping, creators of the Global Shared Container Platform, (GSCP), are working together to transform the global container shipping industry, enabling significant savings in cost and CO2 emissions. The partnership is expected to accelerate development and availability of the Blockshipping GSCP by leveraging Maker DAO’s proven Dai Stablecoin System to power the GSCP platform. Copenhagen, May 11, 2018 – MakerDAO and Blockshipping today announce a partnership to collaborate on transforming a critical part of the global supply chain industry – the container shipping industry. Blockshipping is developing the blockchain based GSCP platform, which will be both the first global registry of the world’s approximately 27 million shipping containers and a joint platform for all players in the container shipping industry – allowing them to efficiently conduct a wide range of..
Tokyo Bitcoin Whale Strikes Again: Mt. Gox Bankruptcy Trustee to Blame for Latest Bitcoin Price Drop
Reports have emerged that the Mt. Gox bankruptcy trustee, Nobuaki Kobayashi is gearing up for another round of bitcoin selling. According to Blockchain.info, 8,200 BTC was moved from the fund’s cold wallet. In response, the price of bitcoin has dropped below $9,000 over fears the coins may be sold on the online exchange market and not on OTC platforms. Bitcoin Falls Below $9,000 in the Wake of Latest Mt. Gox Selloff Bitcoin has been on a high over the last three weeks. From having its first consecutive weekly gains, the number one crypto appeared to be on the resurgence. In the last few days, negative comments from Bill Gates, Warren Buffett, and now reports of another substantial Mt. Gox selloff seems to be affecting the bitcoin price. The transfers are reported to have occurred in the early hours of May 10. Several crypto monitors are accusing the Mt. Gox trustee of dumping the coins on the exchange market. These reports are still..