Crypto Space News 29 Oct 2018

Daily Crypto News

 

Tim Berners-Lee, The founder of the World Wide Web believes centralization has gone too far

Sir Tim Berners-Lee, the creator of the WWW, has spoken out about centralization in the internet. In a recent blog post, the computer scientist said, “The web has evolved into an engine of inequity and division; swayed by powerful forces who use it for their own agendas”.

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Binance Charity Foundation Launches Blockchain Donation Portal At UNCTAD World Investment Forum. “I believe that by improving transparency in the charity sector, we will be able to address all 17 (UNCTAD) goals as a whole.” said Binance CEO, Changpeng Zhao.

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Stocks Cleared and Settled Successfully in Bank of Canada Blockchain Trial

An experiment conducted by Canada’s central bank in conjunction with the country’s payments system, a stock exchange operator, a distributed ledger technology (DLT) firm and a global consulting and professional services firm has demonstrated that it is possible to clear and settle securities efficiently and cost-effectively using blockchain technology.

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Investor: US Debt is a Death Spiral That Cannot be Undone, Buy Crypto

Kim Dotcom, a German-Finnish Internet entrepreneur and a renowned investor in crypto, stated that the US economy will inevitably crash in the years to come.

If US markets deteriorate in the long-term, as predicted by recognized economists including Peter Schiff and Nouriel Roubini, Dotcom firmly stated that crypto will appeal to investors as a robust and stable store of value alongside precious metals such as gold.

“US Empire now pays half a trillion dollars in interest payments per year to service its debt. US debt increases by a trillion per year. It’s a death spiral that cannot be undone. Self-destruction and USD collapse are unavoidable. Get out of USD and US stocks. Buy gold & crypto.”

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Coinbase Downsizes More Than a Dozen People: Report

According to Yahoo! Finance, Coinbase has eliminated more than 15 people from its customer support, compliance, and fraud departments.

All three of these departments would seem to be of the utmost importance to the company, often simultaneously lauded and maligned for its commitment to regulatory compliance. Daniel Roberts, author of the Yahoo! report, acquired confirmation that there had been firings but could not get an exact count from Coinbase. The number comes from an anonymous source, so could be more or less, but one thing is for certain: Coinbase definitely downsized more than a handful of people.

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 Rumors of a Tron & Oracle partnership swell as Oracle launches new blockchain-based software-as-a-service (SaaS) applications.

Following an official announcement on October 23, software development company Oracle Corp. has launched a suite of blockchain-based software-as-a-service (SaaS) applications built through its own Oracle Blockchain Cloud Service. The product is designed to boost transparency and traceability in supply chains.

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Economist: if Crypto “Remains” Illegal, Adoption Will be Difficult

At Bloomberg Ideas, an event that features leading experts in various industries, George Mason University economics professor Tyler Cowen stated that if crypto remains illegal, adoption will be difficult to achieve.

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Bitcoin on the Ethereum Blockchain? Welcome to 2019

We all know what BTC, BCC, and ETH are. But new to the reader may be symbol WBTC – short for “wrapped Bitcoin,” which will essentially be a token on the Ethereum blockchain tied directly to the value of Bitcoin. A combined effort of Kyber Network, Republic Protocol and BitGo, the token will have two important effects on cryptocurrency.

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Bitcoin Doesn’t Move as Market Continues Stability, Volume Rises 20%

Over the past 24 hours, the cryptocurrency market has demonstrated the same trend it has shown throughout the past 12 days, with Bitcoin at $6,400.

The volume of Bitcoin has increased by nearly 20 percent from $3.1 billion to $3.5 billion, hinting a rise in trading activity in the cryptocurrency exchange market across major digital asset trading platforms.

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