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Source from-->> https://www.coinjoker.in/trend-news/blockchain-based-diamond-exchange-cedex-opens-for-business When you consider the idea of “ cryptocurrency markets ,” there are many cryptocurrency enthusiasts that automatically think of cryptocurrencies that are the most well-known, or the largest by market capitalization. However, thanks to blockchain technology, there are platforms that can actually for commodities and assets to be traded that aren’t cryptocurrencies. Specifically, a new diamond exchange by the name of CEDEX  has just opened , for those wishing to invest in the diamond sector. In fact, $50 million worth of diamonds have already been listed. There are all sorts of individuals in various industries that have praised the fact that blockchain technology can allow for increased transparency in their sector, and this is especially relevant to the diamond industry. For those who might not be aware, the immense demand for the asset is often fueled b...

Cryptocurrency  has been the hottest topic over the past few years. Not everyone can comprehend what gives Bitcoin its value, but no one can deny that  blockchain technology  is revolutionary. The first type of decentralized cryptocurrency was created by an unknown person or a group of people called Satoshi Nakamoto in 2009. The real identity of cryptocurrency father remains a mystery to this day. Nowadays the cryptocurrency market is going through hard times.  In 2017 bitcoin owners were left with nothing – the bitcoin price has drastically dropped. No one could predict the dynamics of the business world. However, it is still considered one of the most promising developments of the present time. Let’s take a look at the impact of the cryptocurrency market on the world. Made people millionaires   Some people could see the potential of the cryptocurrency from the very beginning. For instance, twins Tyler and Cameron Winklevoss made millions on bitcoins....

Google is aiming to prevent societal disasters caused by its AI technology with the creation of a dedicated ethics panel. The panel is called the Advanced Technology External Advisory Council (ATEAC) and features a range of academics and experts from around the world. Eight people are currently on the panel, with some from as far as South Korea and South Africa. Among the roster is former US deputy secretary of state William Joseph Burns and University of Bath associate professor Joanna Bryson. Bryson published a high-profile thesis called  ‘Robots Should Be Slaves’  in which she argued against treating robots like people. “In humanising them,” she wrote, “we not only further dehumanise real people, but also encourage poor human decision making in the allocation of resources and responsibility.” ATEAC’s diversity is a strong point to ensure various backgrounds are fairly represented. It will focus on areas where AI could have a disastrous societal impact such...

It looks like Japanese internet and technology giant Rakuten is all set for the launch of its cryptocurrency exchange. The company has completed the registration of its upcoming exchange after renaming it from Everybody’s Bitcoin to Rakuten Wallet, which is a much better name, isn’t it?Everybody’s Bitcoin was acquired by the company back in August 2018 for 265 million yen (around $2.4 million, which amounts to 17 crore 20 lakh rupees). What followed the acquisition was a consolidation period in which company’s operations were merged with the operations of Rakuten Corp, and now finally a company employee has confirmed that Everybody’s Bitcoin will cease operations by the end of March to enter a new phase of its journey. A press release was also issued by the company in this regard, which said: “Rakuten Wallet will contribute to the sound growth of the market as a virtual currency exchange company, and will further enhance security and provide enhanced services so that more customers ca...

Twitter Chief Executive Officer (CEO) Jack Dorsey had a very violent reaction when someone joked that his Square app, which currently supports Bitcoin, would soon support Bitcoin Cash.A Twitter user going by the handle, MeatTC_ said, “What if @jack is actually talking about Bitcoin Cash?” To which Jack responded, “Hell no.”Hell no— jack (@jack)  February 6, 2019 Taking a cue from that, another user asked, “How about some other currencies to buy in the cash app ? Bitcoin is boring”, to which Dorsey responded, “Nah.”Nah— jack (@jack)  February 5, 2019 Dorsey has been in the news lately, for being very vocal about his pro-Bitcoin stance. Earlier  it was reported  that he had revealed what parallels he saw between Bitcoin and Twitter, and about “Stacking Sat Saturday” trend in which users buy $25 worth of Bitcoin every Saturday to highlight the growing adoption of cryptocurrencies. And this was the topic where he indirectly revealed the amount that he might’ve spen...

In an  interview  with the host of Unchain Podcast  Laura Shin  in New York, Ethereum co-creator and one of the blockchain pioneers Vitalik Buterin addressed some topics – from Ethereum price to regulation. Regarding Ethereum price, Buterin said rising Ethereum price is important for the space. “In part, it was counter-signaling to distinguish [Ethereum] from other crypto projects that do pumping and lambo-ing way too much. But also it was about minimizing the legal risk by basically trying to make the project seem more distant from something that would be covered by financial regulation.” Regulators are familiar with cryptocurrency by now Buterin added that by now regulators are conversant with cryptocurrency and know that digital tokens have a price attached. They also understand that crypto markets are typically volatile and no one can really predict the future of any digital asset. The price of a coin may go up, or it may go down, and there’s no way to ...

To really trust an international body on where they stand on cryptocurrencies, it is prudent to check their views when the market is going through a rough time.Case in point: The International Monetary Fund (IMF) recently said, “Despite the hype, cryptocurrencies still don’t fulfill the basic functions of money as a store of value, means of exchange, and unit of account. Because their value is highly volatile, they have little use so far as a unit of account or a store of value. Limited acceptance for payment restricts their use as a medium of exchange. Unlike with fiat money, the cost of producing many cryptocurrencies is high, reflecting the large amount of energy needed to power the computers that solve the cryptographic puzzles.”A paper on the topic, was written by Antoine Bouveret who is an economist and Vikram Haksar who is an assistant director in the IMF’s Strategy, Policy, and Review Department.This statement comes, barely a year after the IMF’s chairman, Christine Lagard...

What Is Enjin Coin? Enjin  is a social gaming platform in the world, which has more 19 million users in over 250,000 gaming communities. Enjin Coin (ENJ)  is a token which runs on the protocol of the Ethereum blockchain which was created to serve as a customizable cryptocurrency for gaming platforms. The tokens can be used in trading virtual goods and assets on the Enjin platform, in addition to a number of other functions. Enjin Coin’s pre-sale phase occurred in August and September 2017, in which it raised $12 million, and the public crowdsale took was in October 2017, bringing another $23 million in funds. How Enjin Coin Works Enjin Coin is an  Ethereum based token  created to have various use cases on different websites and online games. Its goal is to become a coin used by the entire online gaming community and to facilitate virtual asset transfers across platforms. The  whitepaper  of Enjin Coin states that ENJ is  “a cryptocurrency...

When I first came across this news headlines, I have to admit I hid a chuckle. Talk about chickens coming home to roost. Kenyans being duped by a cryptocurrency Ponzi scam, was a sweet payback for all those times, when our parents and grandparents (AKA old people) were being scammed by fraudsters who claimed to be “Nigerian princes” who wanted to share their wealth, if only recipients would be kind enough to share their bank details.In all seriousness,  many Kenyan investors were left in shock , when it emerged that they had unwittingly put in their hard-earned money into a scheme that was all kinds of fraudulent. According to local media reports, a company called Velox 10, shut shop after duping millions of dollars from unsuspecting Kenyan investors.Interestingly, while this may come as a shock to Kenyans, Indians are only too aware of these types of Ponzi scheme. In November,  the Enforcement Directorate (ED)  had discovered that a Bangalore-based company, Ambidant Mar...

One way to determine cryptocurrency’s mainstream adoption is when Hollywood starts taking an interest in the industry. In what will come as happy news to movie-goers, a trailer of a movie named CRYPTO starring Kurt Russell and Luke Hemsworth, is now live. The trailer  portrays the story of an outcast Wall Street banker who manages to connect a rural art gallery to a global conspiracy involving the Russian mafia.The  plot which was revealed last year  by entertainment news portal, The Hollywood Reporter, will be on a young anti-money laundering agent (Knapp) tasked with investigating a tangled web of corruption and fraud in his remote New York hometown, where his father (Russell) and brother (Hemsworth) are struggling to maintain their family farm in a changing economic landscape. The agent quickly finds himself enmeshed in a dangerous underworld populated by a mysterious art dealer (Bledel), a crypto-currency enthusiast turned cyber-sleuth (Harris) and a corrupt accounta...

The beverage company, Long Island Iced Tea Corp that created a buzz around the world in the midst of the crypto hyper rally in 2017 is now going all in on blockchain. The company has reached an agreement to sell its ready-to-drink tea business to Canadian firm ECC2 Ventures.The beverage company, which rebranded itself at the height of crypto craze in December 2017 to Long Blockchain, witnessed the company’s stock soaring over 500 per cent which also attracted the  regulator’s  ire over it. At the time of rebranding, it mentioned that the company has planned investment and partnership with companies in the blockchain ecosystem. Following in April 2018, the company stocks were delisted from Nasdaq on the grounds low market capitalization and currently trades over the counter. Over the 12 months period, the value of company stock declined close to 90 per cent.Later in August 2018, the company informed that it was changing the line of business from initial iced tea business to ...

A cloud of mystery has surrounded Canadian-based cryptocurrency exchange, QuadrigaCX, ever since its Chief Executive Officer (CEO) Gerald Cotten in December 2018. Following his death, there was a sequence of events, which were quite simply bizarre.First, there were questions raised about his death, followed by the exchange transferring a major part of the users’ fund into the dead CEO’s wallet. Then there were some questions raised about only  the CEO possessing the copies of keys to the users’ wallets  and nobody else having access to the funds.Noticing these discrepancies,  the Supreme Court of Nova Scotia appointed the auditor Ernest&Young (EY) -one of the Big Four-as the monitor of the exchange. The responsibilities of the auditor was to make sure that the exchange transferred all the remaining cryptocurrency funds into the former’s wallet.Now  a report by a research group  states that there is a very strong possibility that there may be significan...

While the Indian government ‘mulls over cryptocurrency regulations’, other countries are already taking steps towards the same. In order to promote Bahrain, and by extension, Middle East, as a hub for business enterprises, the country has invited Indian fintech firms to set up business in areas such as open banking, blockchain, crypto assets, robo advisory and remittances.Talking about extending the invitation to India, Bahrain Economic Development Board (EDB) Senior Manager (business development – financial services) Dalal Buhejji said, “Central Bank of Bahrain has put in the right ecosystem to support growth and innovation. We have seen different new regulations coming out recently to support open banking, crypto asset trade regulation and draft regulation on robo advisory.”She added that Bahrain acts as the test bed for innovations, in the financial services, as the country provides many advantages, including,  low cost of doing business, right accelerator and incubat...

TradeOgre  is a new exchange launched last year, that caters exclusively to crypto-to-crypto trading. The location of the company or where it is registered is not available in their Terms of Service. There is also no information regarding its team of developers, CEOs or who is the legal entity behind the exchange. Also, none of its adopted security measures are posted anywhere. TradeOgre is available to all users, as there are no stipulations regarding global restrictions. US residents apparently have no interdiction to trade on the platform, as nothing is mentioned on the exchange’s website. Interface TradeOgre’s web-based trading platform does not seem very intuitive at first glance. It displays a lot of information and a wide number of useful and effective functions, which might seem overwhelming or complicated for first-time users. The charting is very basic, featuring a few spikes here and there, making it quite useless. Supported cryptocurrencies TradeOgre support...

Securities and Exchange Board of India (SEBI) is considering a ‘regulatory sandbox’ approach to allow for greater innovation of new emerging technologies such as blockchain and artificial intelligence.According to  news portal Economic Times , officials said SEBI is of the view that innovation in financial technologies like blockchain for settlement, artificial intelligence including robo-advisory, e-wallets, security systems for intermediaries and market infrastructure institutions, resolution of complaints, outsourcing and development of new technology can be better done through a ‘sandbox’ mechanism. This is not the first time, the regulatory body has stated that it is ready to open its mind towards blockchain and cryptocurrencies. In September last year, the news was broken by none other than SEBI itself in its  2017-18 annual report . The report said that in last financial year the Indian security markets regulator sent its officials on study tours to U...