Following the creation of the first cryptocurrency Bitcoin (BTC) in 2009, other cryptocurrencies such as Ethereum (ETH) and Ripple (XRP), followed suit to bring further attention to blockchain technology.
But there’s a lot of potential for the blockchain. According to recent research led by Vida J. Morkunas of Lulea University of Technology, Sweden and published by the Kelly School of Business, Indiana University:
“Emerging technologies regularly serve as enabling forces for economic, social, and business transformation.. [B]lockchain placed among the top five technology trends in 2018… Therefore, blockchain is predicted to challenge existing business models and offer opportunities for new value creation.”
As you probably know, the blockchain is a public digital ledger and a record-keeping technology. All transactions that have written in blocks are immutable, and information can never be erased. Furthermore, they are transparent to all parties in
Count this as another sign that the scrappy market for decentralized finance is growing up.
Boardroom, a company developing a platform for DeFi governance, has completed a $2.2 million raise. The round was led by Standard Crypto, which was joined by a slew of digital asset investors including Slow Ventures, CoinFund, and Framework. The firm says it will use the fresh cash to build a suite of tools for DeFi power-users and protocols delegates to more seamlessly participate in governance decisions across projects.
Despite the breakneck growth of the DeFi market in recent months, governance has been fragmented and clunky. Stakeholders are forced to navigate disparate channels to access information about governance decisions and then vote, says Boardroom founder Kevin Nielson.
For instance, users who want to delegate their voting power to a third-party have to jump through a number of hoops to do so. In some cases token holders
Bitcoin and cryptocurrency use by terrorists, rogue nations and other criminals has grown in recent years—with high-profile attacks drawing international attention.
The illicit use of bitcoin and cryptocurrency ranges from money laundering and tax evasion to extortion, with cyber criminals increasingly demanding bitcoin and crypto payments in ransomware attacks on computer systems.
Now, the U.S. Department of Justice (DOJ) has warned the emergence of bitcoin and similar cryptocurrencies is a growing threat to U.S. national security, with the attorney general William Barr’s Cyber-Digital Task Force calling it the “first raindrops of an oncoming storm.”
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“Current terrorist use of cryptocurrency may represent the first raindrops of
This week, the Chamber of Digital Commerce PAC sent all 535 members of the United States Congress about 0.0047 BTC ($50 worth at the time), in an effort to educate the countryâs legislators around cryptocurrency and blockchain technology that it calls Crypto For Congress.
Leveraging Federal Election Commission rules that allow for cryptocurrency-based campaign contributions and its own Political Action Committee to make the BTC donations, the Chamber of Digital Commerce ultimately hopes to motivate these lawmakers to embrace the advantages presented by blockchain technology.
âOur industry faces a number of regulatory challenges and itâs important for our government officials to have a working knowledge of how this technology works,â Perianne Boring, founder and president of the Chamber of Digital Commerce, told Bitcoin Magazine. âIf you look at tax laws, securities laws, if you look at compliance obligations, there are a lot of examples of regulators and policymakers who
CoinList president and co-founder Andy Bromberg has seen a number of token projects raise funds, and now he’s going to lead a project himself.
“I’m leaving CoinList to join Eco as CEO,” he said in an email shared with The Block.
Uber co-founder Garrett Camp backed the project, which intends to serve as a currency to be used in commonplace transactions. Eco will allow users to open interest-bearing accounts like they could with a bank. Users can put portions of their paychecks toward crypto and earn up to 2.5% to 5% on interest.
“Eco is the most compelling project I have seen across crypto and fintech,” Bromberg said in the email, “And the opportunity was too good to pass up.” Bromberg said he recognized Eco’s “real shot” to quickly onboard the world to crypto.
“I believe Eco has finally figured it out,” Bromberg said.
The basis of any exchange of value is trust. The more two parties trust each other, the more they will feel confident engaging in transactions. Not just engaging in a high volume of transactions, but higher value transactions, too.
Bitcoin (BTC) and other cryptocurrencies are certainly accomplishing a lot when it comes to creating a decentralized environment where the ability to trust another party is taken out of the equation by a blockchain. Hardcore enthusiasts who already understand this are the ones most willing to reach into their coffers and pour money into the crypto revolution. The truth is, though, that the average consumer still isn’t at that point yet.
Some libertarians probably don’t want to hear this, but in order for the crypto world to reach critical mass, it needs much broader adoption, and the average consumer is going to need another layer of protection in place. They need