Crypto News
- Augur, a decentralized platform for prediction markets based on real-world events, is gearing up for its first ever major upgrade to improve user experience. Augur is a decentralized platform meant to be a hub for sports betting, election forecasts, derivative trading, and risk hedging, however, the platform has had trouble maintaining daily users. Many Augur users complain that the decentralized platform is far from intuitive and not user friendly in the slightest. Augur developers hope their version two of Augur will address these problems and help grow daily active users, which currently sits at ~100.
- Blackberry, a large software company, announced plans Thursday to develop a blockchain platform to store and share medical data. In a press release Thursday, Blackberry detailed that its “carrier-grade network operation center” would be used to support the digital ledger, which will be developed by ONEBIO, a biotech incubator. The platform would create “an ultra-secure global ecosystem” for securely storing data from patients ,labs, and monitors.
- Chinese e-commerce giant, Alibaba, has filed for a patent through the US Patent and Trademark Office for a system that allows third-party administrators to intervene in smart contract operations in the case of illegal activity using blockchain technology. The patent describes a system that would allow authorized administrators to freeze or halt user accounts associated with illegal or fraudulent activities. Alibaba originally filed for this paten in March 2018.
- Coinbase is losing one of its most senior and tenured employees, according to a Reuters report. Adam White was Coinbase’s fifth employee when he joined in 2013 and has held positions at Coinbase including roles as a Vice President, General Manager, and most recently, Head of Coinbase's Institutional Coverage Group. White’s leaving comes as Coinbase announced earlier this week that the US-based cryptocurrency exchange has hired former Instinet CEO, Jonathan Kellner, as a Managing Director of Coinbase’s Institutional Coverage Group.
- Education Ecosystem is in the process of developing LiveEdu, a decentralized online learning platform. Education Ecosystem has described LiveEdu as, “Netflix for professional development”, with the platform aiming to offer complete products in programming, cryptocurrencies, artificial intelligence, and many other advanced fields. A survey by the Training Industry indicates USD$362.2 billion was spent on professional development in 2017.
- High levels of inflation in Argentina have caused cryptocurrency ATM firms to project a large increase in ATM installations in the country. Argentina is on pace to finish 2018 with above 40% inflation, causing Argentinians to flock to cryptocurrencies for a stable currency. As of today, there are just 2 Bitcoin ATMs in Argentina, however, Reuters projects that figure to rise to 30 by the end of 2018. US-based cryptocurrency ATM firm, Odyssey Group, has plans to install 150 cryptocurrency ATMs by the end of 2019.
- Italy’s second largest bank, Intesa Sanpaolo, along with 13 other Italian banks have completed the first phase of a trial of an interbank reconciliation blockchain platform. The trial of this platform began on June 4th and was administered by ABI Lab, a research lab with backing from the Italian Banking Association. The interbank blockchain platform was built on top of Corda Enterprise, the platform developed by blockchain consortium, R3.
- The mayor of South Korea’s capital, Seoul, has introduced a five-year plan to develop the blockchain industry in the city. The five-year plan lays out various blockchain initiatives to be pursued through 2022 and sets aside 100 billion won (USD$88.2 million) to invest in blockchain startups in the city. The plan also details a plan to spend 60.3 billion won (USD$53.1 million) to create two business centers to house 200 blockchain companies by 2021.
- Rebecca Harding, a financial journalist, CEO of Coriolis Technologies, and author of “The Weaponization of Trade: The Great Unbalancing of Policy and Economics,” believes financial institutions are waiting for regulatory certainty to invest in cryptocurrencies. Harding went on to add in an interview with Forbes that major banks have expressed serious interest in investing in cryptocurrencies, however, they are waiting for the green light from regulators.
- Yale University is reportedly beginning to invest in cryptocurrencies according to an anonymous source familiar with the matter. The Ivy League school is investing in cryptocurrencies through its endowment fund, which is the second-largest among higher education funds in the world. Yale pledged an unspecified amount to a USD$400 million digital assets fund managed by Coinbase co-founder, Fred Ehrsam, former Sequoia Capital partner, Matt Huang, and ex-employee of Pantera Capital, Charles Noyes. The school’s USD$30 billion endowment fund has a target of 60% to invest in alternative investments.
Sources:
r/https://www.coindesk.com/crypto-prediction-market-augur-is-gearing-up-for-its-first-major-upgrade/
r/https://www.coindesk.com/blackberry-unveils-blockchain-partnership-to-support-medical-research/
r/https://cointelegraph.com/news/blackberry-introduces-blockchain-backed-platform-focused-on-healthcare-services
r/https://cointelegraph.com/news/alibaba-files-patent-for-blockchain-system-that-allows-administrative-intervention
r/https://www.ccn.com/alibaba-seeks-patent-for-blockchain-that-allows-administrator-intervention/
r/https://www.coindesk.com/early-coinbase-executive-adam-white-is-leaving-the-firm/
r/https://cointelegraph.com/news/coinbases-institutional-platform-head-leaves-firm-after-five-years
r/https://bitcoinist.com/coinbase-says-top-executive-adam-white-is-leaving-the-company/
r/https://www.newsbtc.com/2018/10/05/crypto-startup-coinbase-opens-new-york-office-why-is-its-institutional-head-leaving/
r/https://cointelegraph.com/news/netflix-for-professional-growth-platform-helps-users-learn-by-watching-videos
r/https://www.ccn.com/from-zero-to-30-more-bitcoin-atms-coming-to-argentina-as-peso-dives-and-inflation-rises-by-double-digits/
r/https://www.coindesk.com/italian-banks-complete-blockchain-trial-for-interbank-payments-application/
r/https://cointelegraph.com/news/seoul-mayor-announces-five-year-plan-for-promoting-blockchain-industry
r/https://www.ccn.com/expert-banks-are-enthusiastic-towards-crypto-waiting-for-regulators-to-invest/
r/https://www.bloomberg.com/news/articles/2018-10-05/yale-is-said-to-invest-in-crypto-fund-that-raised-400-million
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