Walmart Leading the Way for Blockchain Based Tracking Systems
Cardano [ADA] is now stepping towards freedom with their Shelley Project
Silvercountry:
“Solid blockchain project.”
Igor Sic:
“Cardano is game changer! Moon..”
Simon Case:
“it will be interesting to see if you guys can get all of that work done, in the collaborative style you’re looking for, in that time…, just seems a lot is left unknown at this point from a design and implement perspective. Conceptualisation seems to be about as far as a lot of this has gotten.”
John Fassetta:
“Dear diary, ….” I will be sure to keep my blockchain diary updated!”
Major Wall Street Firm Secretly Traded Bitcoin for Over Two Years
Wall Street continues to show a great interest in Bitcoin. Various firms are looking at the concept of introducing trading desks. One company, which has flown under most people’s radar, already took the plunge a while ago. Susquehanna International Group has built up a trading desk of a dozen people buying and selling cryptocurrency.
Huobi Unveils Plan to Launch Public Blockchain, Develop ‘Next Generation Financial Protocol’
Major cryptocurrency exchange Huobi has unveiled plans to launch a public blockchain that it hopes will serve as the foundation for a “next generation financial protocol.”
Announced on Wednesday, Huobi Chain aims to fulfill the dream of the blockchain-based decentralized autonomous organization (DAO) by enabling the Singapore-based exchange operator to gradually migrate its operations to a decentralized platform and automate them using smart contracts.
Huobi Chain product director Gordon Chen told CCN that the initiative is an extension of Huobi’s experiment in community decision making. Consequently, governance is one of the first processes that the company intends to migrate onto its new blockchain.
“The future will need a new type of financial system,” he said, but “going forward, we’re going to do things gradually.”
Russian Court Overturns Decision to Block Bitcoin Website
The St. Petersburg City Court has overturned the ruling of the Vyborgsky District Court of St. Petersburg to block the Bitcoininfo.ru website in Russia.
Bitcoin in Brief Wednesday: German Banks Trade Cryptos, US Universities Invest in Crypto Hedge Funds
East Coast Universities Invest in Crypto Hedge Funds
Academic institutions in the US have started making small investments into cryptocurrency hedge funds, according to a lawyer working in the industry. These universities are getting involved on a limited basis for strategic reasons, the founder of Capital Fund Law Group, John Lore, told Business Insider. “I can’t say the names because that’s attorney-client but we have people mostly on the East Coast that have begun doing investments in this space on a fairly modest basis,” he added.
Bitcoin Core Dev: BTC Source Code Should Be Removed from GitHub [Eventually]
Bitcoin Core developer Wladimir van der Laan said that Microsoft’s acquisition of GitHub should spur discussion about moving the Bitcoin code repository off GitHub and to an independently-hosted platform.
Reports first emerged over the weekend that Microsoft had reached an acquisition agreement with GitHub, and the two parties confirmed the $7.5 billion deal on Monday.
The move proved to be controversial in tech circles, as Microsoft has a spotty track record on open-source initiatives. The company has been better about engaging in open-source development under current CEO Satya Nadella, but former CEO Steve Ballmer’s assertion that “Linux is cancer” still leaves a sour taste nearly two decades later.
Ripple CEO Garlinghouse Expects ‘Dozens’ Of Banks to Use XRP by 2019
John McAfee predicts again! 0x [ZRX], QuantStamp [QSP] & ClearPoll [POLL]
SEC Appoints New Crypto Chief to Advise on Digital Assets and ICOs
According to an announcement from the agency, Szczepanik will take on the role of working across all SEC divisions and offices to advise the organisation on how securities laws will apply to emerging digital asset technologies and innovations, including initial coin offerings (ICOs) and cryptocurrencies.
“Valerie’s thought leadership in this area is recognized both within the Commission and across financial regulators in the United States and abroad,” said chairman Jay Clayton. “With her demonstrated skill, experience, and keen awareness of the importance of fostering innovation while ensuring investor protection, Val is the right person to coordinate our efforts in this dynamic area that has both promise and risk.”
John McAfee aims 2020 US presidential run for serving crypto community
Cryptocurrency Baskets Are Growing in Popularity
On Tuesday June 5, a service called Flipside Crypto released a basket that was created in conjunction with Coinmetrics.io. Its smart contracts basket of the day contained eight Proof of Work coins. At the start of each new day, a new basket is created, with each one rated according to its volatility, developer activity, and other metrics. Dailycryptobasket.com is a novel take on crypto baskets to date, and one which shows there’s scope for originality and innovation in this field.
Set Protocol is a project that’s taking a different approach to serving up collateralized baskets of tokens. Sets of ERC20 tokens can be grouped together using smart contracts and exchanged via a single token. Then there are projects like FCTF (First Crypto Traded Fund), which aims to peg the price of 10 digital assets to a single token. It even enables token holders to profit from fees paid to a Dash masternode in theory.
IOTA (MIOTA) Partners Up with Norway’s Biggest Bank
IOTA signs an Agreement with Norway’s Bank DNB ASA
Zilliqa (ZIL) Is The True Ethereum Killer, Not TRON or EOS
One thing that is unique with the Zilliqa project, is that Sharding has already been tested and demonstrated during a meetup in Singapore. In the demonstration, the team managed to have 6 shards that could perform 2,828 transactions per second. The increment in tps (transactions per second) on the platform, is in a linear manner and the processes will not be interrupted if one shard is attacked. The platform is robust and solid.
Last but not least, the ZIL MainNet will be launched in the third quarter of 2018. We are in the early days of the third quarter right now and anticipation is high within the crypto community with respect to the MainNet launch. ZIL has also been predicted to be valued at $6 by the end of the year.
Therefore, and in summary, Zilliqa is indeed the Ethereum Killer and not Tron or EOS.
Slovenia’s Bitcoin City to Become World’s First Fully Crypto Friendly Lifestyle Center
Slovenian Prime Minister Miro Cerar recently made a visit to the center where he was offered a cup of coffee purchased by the secretary of state Tadej Slapnik using cryptocurrency. Representatives of BTC City released a statement concerning the Prime Minister’s visit which read in part;
“The purpose of his visit was to open the Beyond 4.0 international conference, dedicated to digital society and blockchain, and to get acquainted with BTC City’s strategy to become a Bitcoin City,”
BTC Company which owns and manages BTC City wants to see the center become the first of its kind in the world where business partners visitors and consumers interact in a cryptocurrency supportive ecosystem. The company seeks to integrate all state of the art technology into the space using Cryptocurrency and blockchain as well as bringing in artificial intelligence, virtual reality, augmented reality and machine learning.
‘Real-World’ Ethereum-Based Blockchain Payments Trial a Success: South Africa’s Central Bank
South Africa’s central bank has revealed remarkable results of Project Khokha, its proof-of-concept trial to replicate interbank payments and settlements on an ethereum-based enterprise blockchain.
The South African Reserve Bank (SARB) has published its report [PDF] on a “real-world’ trial of a blockchain-based wholesale payment system lasting nearly three months since the mid-February.
The central bank revealed the practical platform was deployed in a “realistic test environment” wherein the blockchain was able to handle the entire typical daily volume of South Africa’s Real Time Gross Settlement System (SAMOS), about 70,000 transactions, in about 75 minutes. On average, transactions were processed within 2 seconds with full confidentiality and a 100% settlement rate.