Tag Archives: Ethereum
EthLend and Salt ICO – Blockchain Lending That Will Replace Banks
Source: David Hay
Responses to David’s video:
“David, Love your videos but you missed the mark on this one. The EthLend Dapp is live and working fine you just need MetaMask installed on your browser in order for it to work.There is no risk for the LENDER because the borrower puts up ERc20 tokens as collateral for the loan and you can only borrow 67% of the tokens value. If you default then the LENDER will keep your tokens which is worth more than the loan they funded”
“Dave. Ethlend uses collateral. I am currently a user of their platform. They are already on Alpha 2.0 and require you to download Metamask to access the program and begin lending/borrowing. They also have a protocol to track credit ratings.. For each loan that is paid back, the borrower will receive credit tokens to help repay the next loans interest and will build their online credit rating. They have implemented lending via ERC20 to ETH and have recently allowed for US dollar loans. They are also currently working to implement Bitcoin lending and a host of other FIAT currencies. I hope this helped.”
“You make the Ethereum platform sound like a risk, when it’s revolutionary. I guess it’s a matter of more “governed” SALT, and arguably more understandable and user friendly, vs. peer-to-peer “less governed” and more complicated ETHLend? You make backing LEND sound like a risk because of the “what if” scenario with how the U.S. legally accepts it. That kind of contradicts your previous videos when you say you back the crypto’s based off the technology and concept. Either way, your input is greatly appreciated!”
23rd November, 2017, Gibraltar – Globitex, the new bitcoin exchange co-founded by early bitcoin adopter and former Executive Director and a Founding Board Member of the Bitcoin Foundation Jon Matonis, marks a significant milestone in its journey to make bitcoin a truly global currency of settlement. Globitex Holding (Latvia) group company NexPay UAB has been granted an e-money license (EMI) by the Bank of Lithuania to carry out payment services and e-money issuance in the EU. This opens a series of doors for Globitex exchange, enabling it to take an important step closer to its goal of dramatically increasing bitcoin trading volumes in order to facilitate its use right across the spectrum of commodity and money markets. Current operating entity of the Globitex bitcoin exchange is a UK-based Globitex group company.
Bitcoin: currency of global settlement
Whilst bitcoin is currently making new highs, there is still the fundamental economic issue that order-book depth and liquidity cannot support very large trades. Although bitcoin offers enormous advantages for international settlement due to its speed and low cost compared to legacy money transfer services, it cannot yet serve as a currency of international trade settlement across the world’s financial markets.
Globitex Chairman and Founding Director of Bitcoin Foundation, Jon Matonis, stated:
‘I look forward to this evolution of digital currency trading platforms that ensure futures contracts with a physical delivery component. Strong connection to the spot markets, including contract limits and physical delivery that is linked to provisioned commodities, will serve as the market standard for price integrity.’
The aim of Globitex is to facilitate entry into the bitcoin market for a new generation of customers, both retail and institutional-level traders, enabling the increase in value and stability that will allow commodities like crude oil, gold, coffee and other financial instruments to be priced directly in bitcoin.
Acquisition of the EMI licence brings with it the possibility of integrating with the SEPA euro payments system directly through the Central Bank of Lithuania. This will enable NexPay to clear euro payments directly, without the involvement of commercial banks, and to issue IBAN accounts to Globitex clients just like banks issue accounts to clients. This is a huge step forward in terms of accessibility.
The regulatory green light for the EMI licence is a leap forward in the development of the bitcoin and broader cryptocurrency industry. This sets a new level of legitimacy for cryptocurrency overall, moving towards widespread adoption.
Crucially, the newly-issued EMI licence is fully ‘passportable’ to all other EU member states, allowing NexPay to provide clients with payment services and e-money issuance across all 28 countries.
Liza Aizupiete, Managing Director of Globitex, reflects:
‘Globitex is looking to set new cryptocurrency trading standards not only technologically, or by commodities-linked product offering, but especially in Globitex’s legal setup, ensuring safe passage to the digital age.’
GBX token sale
Globitex group is holding a token sale to fund the scaling of its existing exchange infrastructure into a commodities spot and derivatives exchange for bitcoin. The GBX utility token will be issued on the Ethereum blockchain. GBX will be used to pay trading fees and reward exchange users and liquidity providers.
The GBX token will be sold for the equivalent of EUR 0.10 in Bitcoin (XBT), Ether (ETH) and Bitcoin Cash (BCH), with significant discounts for early participants.
Hyundai “goes crypto”: President Dae-Sun Chung announces plans for the company’s first token generation event
Zug, Switzerland, November, 2017— HyundaiPay in cooperation with Hdac Technology AG, the multinational corporation based in Switzerland, announces today its plans to hold a TGE (Token Generation Event), aiming to bring blockchain technology to IoT payment platforms and secure transactions amongst connected devices. Hdac Technology and Hyundai, specifically HyundaiPay are always looking for new and innovative technology to incorporate into their products, and the joint TGE will protect IoT devices and their users from hacks, privacy invasion, and external threats, especially for payments and transactions. Hdac technology and Hyundai Pay will hold a TGE for the HDAC token on November 27th. The TGE will run on the Hdac blockchain, a separate entity apart from Bitcoin and Ethereum, which is maintained by the Hdac Technology group.
The Internet-of-Things (IoT) is making a visible and immediate impact on the tech industry these days, and will be worth $270 billion by 2020. Connected devices, homes, and vehicles can already be found in advanced countries, and as anyone with experience in the industry knows, the complexity of ensuring safe financial transactions, is close to impossible. Consider the security challenges involved in safely making an online payment on your phone in a public place. The vulnerability of security breaches is very high between connected devices. There is high-security risk for office buildings, large convention centers, or even a connection home that is transferring data constantly throughout the day.
A network of economies and payment platforms in the IoT have to integrate blockchain into their system in order to offer integrity and confidentially to their users, and to revoke the mystery behind this futuristic solution for security failures. Integration of blockchain technology will solve various issues in terms of security in IoT:
Interconnected security risks: IoT devices are all connected, if one node on this network becomes compromised, this puts the whole fabric at risk.
Different security protocols and requirements of each device: These differences make integration slow and difficult at times.
Many points of failure exist, which makes monitoring a wide network of IoT devices at best difficult, at worst impossible.
Developments in blockchain technology enable greater transparency and trust, especially regarding payments, and can help secure all those self-driving cars, smart home devices, and even your FitBit that have flooded the industry in recent years.
The goal of Hyundai BS&C and Hdac Technology’s TGE is to support the continuing development of the Hdac blockchain, as blockchain technology has the ability to greatly enhance the security of the IoT. Hdac, which runs separately from the Ethereum and Bitcoin protocols, is based on hybrid blockchain technology, which offers a wider range of capabilities to ensure reliable connection and secured processing between devices. Hyundai will work to apply this pioneering platform to hardware payments applications and to enhance both their security and reliability.
Blockchain technology is the only way to achieve the level of security that Hdac technology and HyundaiPay aim to achieve. The Hdac blockchain addresses security issues by providing immutable information on top of smart contracts. It makes the automated security and transparency principles application over the platform, in a possible way that was previously impossible to guarantee.
“We are thrilled to hold a TGE in order to bring security and transparency to IoT devices,” said Dae-Sun Chung, Founder of Hdac Technology AG, “With more IoT devices hitting the market daily, our lives become more connected. Although there are many benefits to this, we open ourselves to great security risks. Blockchain technology, and special the Hdac blockchain, is the best way to leverage trust, transparency, and security on IoT.”
Aventus Releases First Product Iteration, Blockchain as Persistance, with First Client Townsend Music’s Tickets Live on Rinkeby Test Net!
The first phase of the collaboration is the utilisation of Aventus’ first product ‘Blockchain as a Persistence Layer Solution’ which mirrors the creation, transfer, and sale of tickets throughout their lifecycle on the Ethereum network. Through this Aventus will replicate anonymised samples of some of Townsend’s live events and tickets including Carly Paoli at Cadogan Hall in London on the 15th of February 2018 and Show of Hands in Wells which takes place on the 3rd of November.
Be sure to continue to read at the source: realwire
The team of Russian developers Ahoolee.io aims at helping consumers to buy goods on the Internet for the lowest prices. By now, the service lists 40 million items from more than 1000 online stores.
As it’s widely known, marketplaces are often not so helpful in finding best deals because of the limited number of engaged partners. When it comes to online shopping, it takes hours to find the lowest price for desired goods. Search engines make the process even more complicated as one has to manually browse tens of websites, compare prices and characteristics.
The web crawler in Ahoolee.io automatically indexes stores, downloads catalogs, and combines similar products into one card. Using such a card, a consumer can compare prices from different retailers and track a detailed price history.
Ahoolee is based on a decentralized business model, which means any person is able to become its contributor and add a store, download a catalog, or check the quality of offers. Contributors can earn Ahoolee tokens for performing certain tasks and use them afterwards to pay for available goods.
To enable consumers from different countries to pay for goods using cryptocurrency, Ahoolee created tokens (AHT) based on the proprietary blockchain using the Ethereum code. One can exchange Bitcoin, Ethereum, Waves, Dollars, Euro or Rubles for tokens through the internal tool embedded in the wallet.
At the preliminary ICO that took place on July 3d, Ahoolee received investments in cryptocurrency that amounted to 200,000 USD during just 30 minutes. By the end of 2017, the Ahoolee team plans to engage 50,000 stores and increase the number of goods in the system up to 1 billion. The near-term plan also includes contextual advertising on Ahoolee.io and launch of premium accounts with a subscriber fee. A premium account is used to highlight a store in search results and is a guarantee that a retailer is not a fraudulent seller. To bring that to life, the Ahoolee team runs ICO from August 28th, the first ICO to officially accept investments from the USA.
Dash and OmiseGo Lift-Off, Shapeshift Acquires Keep Key, Vitalik’s New Thoughts on Ethereum, More!
EOS Myth Debunked – Why Did EOS Use Ethereum For ICO Token Distribution?
Source: The Cryptoverse
Harbour DAO Crowdsale opens on 1. Aug 2017.
About Harbour DAO
Please note that time might not be exact. Check the project ICO page for up-to-date minute estimations.
Poloniex Leaves the State of Washington, and Why EOS is an Ethereum Killer!
Source: Crypto Blood
Bitcoin Ethereum Litecoin Technical Analysis July 30th 2017
Source: Nugget’s News