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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...