Japan’s Biggest Chat App Line Applies For Cryptocurrency Exchange License

Source From https://coinjournal.net/japans-biggest-chat-app-line-applies-cryptocurrency-exchange-license/

Line Corporation, a leading Internet company in Japan and the operator of the country’s biggest messaging app Line, is looking to launch its very own cryptocurrency exchange service and has applied for a license with the Japan’s financial regulator, the Financial Services Agency (FSA). The company plans to expand its cryptocurrency operations in Hong Kong […]

This post Japan’s Biggest Chat App Line Applies For Cryptocurrency Exchange License first appeared on Coinjournal.

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The Crypto Show: Nanu Berks & John Bushe The Art Of Trash

Source From https://letstalkbitcoin.com/blog/post/the-crypto-show-nanu-berks-john-bushe-the-art-of-trash

On tonight’s episode of “The Crypto Show,” we talk with Nanu Berks of nanuberks.com about her many adventures as an artist, writer, and person of many hats and many talents. She tells us about the benefits of working remotely, the world of decentralized art, and her particular art focus on murals and, of late, crypto murals. We also discuss VR art, her art pieces around Austin, remittance payments, crypto and Latin America, her upcoming events, and Rahm Emmanuel.

In the second hour, we talk to John Bushe, President of Zero Waste Asset Management. We talk about the Zero Waste goals of Austin and other cities, the impact that such goals would have on the economy and ecology, and how the blockchain-based technology and business model of his company will help promote those goals. We also discuss Zero Waste Asset Management’s upcoming token sale.

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BitPay Bitcoin Wallet Review: Copay

Source From https://99bitcoins.com/bitpay-bitcoin-wallet-review-copay/

The post BitPay Bitcoin Wallet Review: Copay appeared first on 99 Bitcoins.

Warning: There is an apparent problem with Copay that has led to multiple reports of missing funds. The wallet should be considered insecure until this issue is resolved. See the end of this article for more details.   Atlanta-based BitPay was founded as a cryptocurrency payment service in 2011. At a time when many businesses […]

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Hyperledger Releases Sawtooth 1.0

Source From https://bitcoinmagazine.com/articles/hyperledger-releases-sawtooth-10/

Hyperledger Releases Sawtooth 1.0

Hyperledger is a collaborative cross-industry effort to advance blockchain technology that is hosted by The Linux Foundation. Today, January 30, 2018, sees the release of Sawtooth 1.0, the second active Hyperledger project to reach 1.0, following Hyperledger Fabric 1.0 in July 2017.

Sawtooth is a modular platform for building, deploying and running distributed ledgers using a new consensus algorithm, Proof of Elapsed Time (PoET), which targets large distributed validator populations with minimal resource consumption. Sawtooth was originally contributed by Intel and saw its graduation from “Incubation” to “Active” status in May 2017.

“We’re beyond excited to see not one but two of Hyperledger’s active projects hit 1.0,” said Brian Behlendorf, executive director of Hyperledger. “This is a huge testament to the strong collaboration of our growing community – I look forward to seeing even more products and services being powered by Hyperledger Sawtooth later this year.”

Sawtooth 1.0 introduces a number of new enterprise features:

  • On-chain governance – Utilizing smart contracts to vote on blockchain configuration settings such as the allowed participants and smart contracts.
  • Advanced transaction execution engine – Processing transactions in parallel to accelerate block creation and validation.
  • Support for Ethereum – Running Solidity smart contracts and integrating with Ethereum tooling.
  • Dynamic consensus – Upgrading or swapping the blockchain consensus protocol on the fly as networks grow, enabling the integration of more scalable algorithms as they are available.

The new design enables parallel execution of code for better performance. It also enforces complete separation between the core blockchain and the apps, such that apps can be written in just about any language. This enabled the Sawtooth team to integrate the Hyperledger Burrow EVM as an application they call Seth, a combination of Sawtooth and Ethereum.

Some companies working on or with Sawtooth include Active Ticketing PLC, Amazon Web Services (AWS), dotBlockchain Media, Cisco, Huawei, Monax, The Open Music Initiative, PokitDok, Primechain Technologies, State Bank of India, T-Mobile, Wind River and Filament.

“Our customers are looking to build scalable blockchain solutions for use cases across multiple industries,” said Matt Yanchyshyn, director of Solutions Architecture, Amazon Web Services. “Providing Sawtooth as a turn-key product running on Amazon Web Services (AWS) allows our customers to deploy their own blockchains in a matter of minutes, while reducing the time it takes to run blockchain-based solutions on AWS.”

This article originally appeared on Bitcoin Magazine.

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Bitcoin Price Analysis Bearish Continuation Likely as BTC Tests Strong Support

Source From http://cryptscout.com/news-portal/?id=20&ref=2144&utm_source=RSS&utm_medium=rss&utm_campaign=news-portal

Lower highs and lower lows have been the story of bitcoin for the last few weeks market behavior that has left even the most bullish investors scratching their heads. Since bitcoins dramatic rise to $20,000, there has been a series of harsh drops temporarily stifled by feeble rallies. At the time of this article, BTC-USD has managed to break through three major levels of support of both the upper and lower parabolic trends, and a long-term linear trendFigure 1 BTC-USD, 1-Day Candles, Macro V

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Has the Blockchain Revolution Failed to Take Off 10 Years On?

Source From https://cointelegraph.com/news/has-the-blockchain-revolution-failed-to-take-off-10-years-on

Blockchain tech has been around for 10 years, and yet it still has not changed the world like it promised.

Everyone, even the biggest skeptics of Bitcoin and other cryptocurrencies have all had their positives to say about the underpinning Blockchain technology which has the potential to change the world. However, it has been 10 years since Blockchain technology came into the open, and yet we still don’t really have a major use for it.

Some will argue that as it is the technology which Bitcoin is built upon, Blockchain’s primary use is as a payment system or, as it has evolved, a store of value. But the Bitcoin revolution has hardly been global.

The other uses for Blockchain, for example as a decentralized trading platform, as a new currency, smart contracts, distributed storage, authenticity verification and as an immutable ledger have all been tasted, but not savoured.

The banking revolution

When Bitcoin hit the streets and made promises of being a costless, instant way to exchange value without the need for a middleman, people proclaimed that a banking revolution was on the cards and the centralised money controllers should quake in their boots.

It has not gone according to plan though as the initial goal of freedom gave way to greed. Bitcoin left the path of being a functional currency and, with the help of its democratically empowered community, took on the mantle of digital gold.

The banking revolution died down a bit as fees rose, and transactions took longer, even as adoption grew worldwide. Even the banks themselves eased off on their own fears of being outdone by this digital currency.

So, if the Blockchain won’t be used to change the face of money – albeit that other coins are still marching towards this ideal with their own Blockchain, forked or otherwise – what else is it aiming to revolutionise?

No government supervision

Blockchain, as the middleman cutting technology it was proclaimed to be, is also aimed at the “pesky governments who are only there to scam and take its citizens money” or so the crypto community commonly believes.

The issue is, even with corrupt governments and their inane rules on taxation and other forms of drains on the economy, they at least come to the table with a level of security. Blockchain itself may be safe and secure, but it is still a dangerous place to be if you do not understand it.

So in order for Blockchain technology to revolutionise the government's control over one’s money, it needs to be safe and secure for all, not just the tech savvy ones.

Government-backed banking systems provides forms of security such as FDIC guarantees, reversibility of ACH, identity verification, audit standards, and an investigation system when things go wrong. Bitcoin on the other hand, leaves you to fend for yourselves.

Hacks, such as Mt Gox, Bitfinex, and even recently with Coincheck, show that there are still plenty of dangers in trading outside of the government’s eye. If this is  part of the Blockchain revolution, it would become a scary world for the elderly and the vulnerable, who leave themselves open to higher risk of getting hacked and spammed.

Smart contracts

Smart contracts are an interesting phenomenon in terms of a revolution. Their invention, off the back of Russian wunderkind Vitalik Buterin, were intended to create a world wide computing network that could totally eliminate the need for centralised third-parties. This certainly sounds great in today’s modern world.

However, smart contracts still have a long way to go, as the idea stumbled at its first major hurdle. The DAO fiasco proved that smart contracts can still be fooled, or should we say, smart contracts are sometimes ‘too smart for their own good’ and perhaps need a guiding human hand.

Yet, there is promise in this aspect of the Blockchain as ICOs continue to pop up, using smart contracts as the base of their operations, in a frontier-esque manner. ICOs continue to push the boundaries of where Blockchain technology can help, and it remains to be seen if it can make a significant difference in these sectors.

And the list goes on

There is no doubt that Blockchain can be theorised to fit in to almost any sector of modern life ( including those mentioned above), and this is without forgetting its original intended use as an immutable ledger, authenticity verification, a sealed and immutable data base and so on and so forth.

However, as we stand here today, almost 10 years on since Blockchain technology was truly birthed, there is no one sector where this ledger has taken over and rendered its competitors obsolete. The ideas are great, but the execution of this game changing technology is still too slow.

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