Tag Archives: Blockchain

Without Bitcoin, There Would Be No Blockchain

The hearing, which was held by the Senate Committee on Banking, Housing, and Urban Affairs, touched on a broad range of regulatory concerns related to cryptocurrencies and blockchain technology, including initial coin offerings (ICOs), trading platforms, derivatives and exchange-traded funds (ETFs), and the assets’ perceived use to perpetrate financial crimes and subvert international sanctions. In their opening statements, both Clayton and Giancarlo expressed concern about the fact that cryptocurrency exchanges are currently regulated at the state level rather than the federal, and each reiterated that, at some undefined point in the future, Congress may want to increase federal regulators’ ability to oversee the spot markets.

Reference: https://www.ccn.com/sec-cftc-chairmen-stick-to-the-script-during-us-senate-hearing-on-cryptocurrency-regulations/

Blockchain Exchange Datawallet Raises $40 Million In Token Sale

Datawallet’s DXT token sale sold out today after reaching its $40 million goal. The pre-sale on Jan. 22, 2018 sold out in 55 seconds, raising $8 million. The C2B data exchange allows for the transparent exchange of data between consenting consumers and businesses. Users can link multiple data sources from social media, online commerce and offline transactions to their DataWallet app and opt-in to share it with companies interested in acquiring this data. All data is entirely anonymized and can be reviewed by the user at any given time, providing control over deciding who is a worthy recipient of their data, transparency around how the data will be used, and the ability to profit from assets that are rightfully theirs.

Reference: https://www.ccn.com/datawallet-raises-40-million-in-token-sale/

Cryptocurrency Watch : Storm

Storm (STORM)

Storm Market is changing the way that people all around the world earn with one simple motto: earn from anywhere, at any time, from any device. Blockchain enables micro-transactions to be carried out in an efficient manner. The difference is around human-centric user interfaces and experiences. Our gamified micro-task platform creates an engaging user experience that encourages active participation with the STORM token community.

Current Price: $0.045716 USD
Website: https://stormtoken.com/
Type: Token
Market Cap: $113,181,934 USD
Circulating Supply: 2,475,789,043 STORM
Total Supply: 10,000,000,000 STORM

WWF Uses a Blockchain to Eradicate Illegal Fishing and Slavery

According to an announcement from the organisation the transparency of the distributed ledger will prevent consumers from purchasing tuna from illegal, unreported, and unregulated fishing in the Pacific Islands. Additionally, it will help to eradicate human rights abuses. This is just another example of how the blockchain is being widely applied to different industries and not just the financial sector.

As part of the innovative initiative, WWF-Australia, WWF-Fiji, and WWF-New Zealand have teamed up with global tech innovator ConsenSys, information and communications technology implementer TraSeable, and tuna fishing and processing company Sea Quest Fiji Ltd. to deliver the project.

Reference: https://www.ccn.com/wwf-uses-the-blockchain-to-eradicate-illegal-fishing-and-slavery-in-the-tuna-industry/

Smart Contracts Are Taking Over Functions of Lawyers

After reading about how a partner in one of the biggest and most prestigious international law firms was busted by an undercover US Federal Bureau of Investigations (FBI) agent for trying to garner Bitcoins in a corrupt transaction from a Silicon Valley tech company, it’s likely you won’t feel sad about smart contracts beginning to take over certain functions of lawyers. You might even secretly thank Ethererum’s co-inventor Vitalik Buterin, for it.

Buterin explained, “All transactions under Blockchain come with auditable trails of cryptographic proofs. Rather than simply hoping that the parties we interact with behave honorably, we are building Blockchains that inherently build the properties in the system, in such a way that they will keep functioning with the guarantees that we expect, even if many of the actors involved are corrupt.”

Reference: https://cointelegraph.com/news/smart-contracts-are-taking-over-functions-of-lawyers-expert-blog