Showing posts from June, 2019

This Congressman Wants to Turn Taiwan into a Blockchain Island. We Asked Him How

It’s been over ten years since the birth of  Bitcoin , and while many cryptocurrencies have come and gone, the technology under it all, blockchain, has proved resilient to the fads and failed ICOs. One legislator in Taiwan wants to integrate blockchain technology on a national scale and move the whole country towards using blockchain technology for more than just cryptocurrencies. Jason Hsu, dubbed the “crypto congressman” by Ethereum’s Vitalik Buterin, is an entrepreneur-turned-legislator in Taiwan who wants to make the island a haven for people working on different applications of blockchain technology. We asked him how he plans to go about doing just that. You were an entrepreneur before becoming a member of parliament: Why did you become a legislator? Before I became a member of parliament, I was a technology entrepreneur. I wanted to bridge the gap between technology and public policy and remove legal barriers to technology innovation in Taiwan, so I ran to be

Move Over Bitmex As Binance Commences Bitcoin Margin Trading

Margin Trading Coming to Binance: How It Works After a recent mistake where Binance’s twitter account posted a screenshot where a “Margin” section could be seen, the expectative that the exchange was about to open a margin trading section was set. Rather than trying to hide it, the company went all out, allowing users to know that, indeed, margin trading is coming to Binance. Leading Crypto Top 10- Coinmarketcap Data What is margin trading? Margin trading, also known as day trading, is the practice of buying and selling a stock or token in a short amount of time – often buying when the market opens and selling when it closes. It’s a high risk, high reward scheme that allows traders to profit from whichever stock or cryptocurrency is having its day in the sun. Couldn’t I do this on Binance before? You could, of course. With your own money. The thing about margin trading is that traders often don’t spend their own money, but s

The Facebook Cryptocurrency-All You Need To Know About Project Libra

Enter The Libra On June 18, 2019, Facebook Inc. has announced its ambitious plan to launch Libra, a new cryptocurrency. This initiative is an effort of the social media behemoth to expand into the digital payments ecosystem. This has, however, attracted a pushback from some quarters. Global Association Currency Facebook has established the Libra association linking 28 partners, including PayPal, MasterCard, Uber, etc. According to the interviews with the executives and the marketing material, it is clear that this Geneva-based association is governing the new digital currency. However, no bank has been made a part of this association until now. Calibra is the subsidiary created by Facebook simultaneously to facilitate the transaction of this new digital coin that is going to offer digital wallets to send, spend and save this new cryptocurrency. It will be connected to the messaging platforms of Facebook, i.e. Messenger and WhatsApp. The corporation intends to

Binance Ramps Up The Cryptocurrency Market Domination Fight With A New Bitcoin Token Launch

Binance exchange commenced trading on its new Bitcoin BEP2 token known as BTCB. The new token has its value pegged to Bitcoin on a 1:1 basis.  For a start, there are 9,001 BTCB in issue and they are fully backed up by bitcoin reserves of same value. A New Bitcoin Composite? The cryptocurrency market scene has been abuzz with activities in recent months as a new crypto bull market emerged. Prices of the leading tokens and coins have soared in the last two months. The market capitalization for cryptocurrencies has surged past $280 billion as trading kicked off in June 2019. The sum of the market developments is that more people have began to pay attention to the crypto market scene with the new rise in prices.   By introducing BTCB , Binance once again is blazing trail. It already commands respect in the marketplace with Binance coin. By adding BTCB, it is definitely angling to take a leading role in the crypto marketplace place. Any Immediat

The Cardano Ecosystem and How it Works

Cardano is one of the high-ranking cryptocurrencies on the global crypto chart. The emergence of cardano can be attributed to the need to improve on the potential of cryptocurrencies. It is a third generation blockchain. Origin of Cardano Cardano was interestingly founded by two former Ethereum developers. These two are Jeremy Wood and Charles Hoskinson. Furthermore, there are three organizations committed to developing and providing support for Cardano. They are; 1.   Input-Output Hong Kong (IOHK) – a research and development company dedicated to building accessible financial services via the peer-to-peer innovations of Blockchain. 2.   The Cardano Foundation – the custodian body for Cardano, responsible for standardizing, protecting and promoting the Cardano platform. 3.   Emurgo – A Japanese company whose aim is to develop, support and incubate commercial projects. The company’s goals include revolutionizing their activities using Blockchain technology