Day: September 6, 2018

A new decentralized crypto wallet is offering banking-grade security features, and warns centralized exchanges are a “time bomb waiting to blow” #SPONSORED

DApps are the future of cryptocurrency, and VeChain is no stranger to its share of applications on its blockchain. The following projects, ranked in terms of potential, are our top 4 choices for dApps on the VeChain platform.

#4 VeVot

Blockchain technology and voting seem to be two peas of the same pod. With added transparency, ease-of-use, and immutable records, there appears to be a bright future ahead for blockchain-based voting systems and dApps. In the case of VeChain, its up-and-coming VeVot project is well worth paying attention to. It is a voting system tailored to businesses, which can unlock a lot of use cases in the long run.

#3 VeSCC

This particular project, which has been in development for some time now, offers a lot more legitimacy to smart contract technology. VeChain will offer this type of technology, similar to how other projects such as Ethereum and NEO provide access to smart contracts as well. Despite this budding competition between smart contract platforms, there is a dire need for proper auditing and certification.

It would appear VeChain will have a leg up over its competitors in this regard. Through the VeSCC project, certification of smart contracts on the VeChain blockchain will become the new standard. That in itself is a useful function, as it shows there is a need for such service and a demand by users to bring more legitimacy to smart contracts.

#2 My Story

Through a partnership with DNV GL, VeChain has successfully created its first third-party initiate dApp. Known as My Story, it is a digital assurance solution which can accommodate the food and beverage industry. It seems this dApp is already in use by the Italian Wine Sector to ensure their bottles will be compatible with this new technology. The technology provides key insights pertaining to quality, authenticity, origin, and so forth.

#1 VeVid

Although the name would suggest this upcoming dApp has something to do with videos, it is tackling an entirely different business model. Vevid will bring a KYC and digital ID solution to the VeChain blockchain. This will help validate all members of the native system, as well as users of any dApp which runs on top of the VeChain blockchain now or in the future.

Depending on which applications and solutions are built on top of VeChain moving forward, having a KYC and digital ID solution may not be an unnecessary luxury either. Governments all over the world scrutinize blockchain solutions over the lack of KYC implementations, and VeVid may address most of these concerns once the dApp comes to market.

What is your favorite VeChain dApp? Let us know in the comment section below.

The Iranian government has recognized bitcoin mining as a lawful activity, briefly sending bitcoin prices to record levels at the country’s exchanges.

As the crypto market continues establishes new year-to-date lows, some claim that the arrival of institutional investors is the only catalyst that will be able to push prices in a positive direction. And although the climate around institutional interest suffered a slight setback on Wednesday, optimists believe that Wall Street isn’t over Bitcoin just yet.

Goldman Sachs Pushes Back Crypto Trading Desk Plans, Analyst Unfazed

On Wednesday morning, the hopes of many were quashed, as news broke that Wall Street giant Goldman Sachs had put its plans to establish a crypto trading desk on the back burner. Although this news was undoubtedly bearish, many glossed over the fact that Goldman Sachs still intends to offer BTC futures and custody in the near future, leading pessimists to claim that Wall Street had formally ended its ties with crypto.

On the other hand, there are some that remain unfazed, including Mitch Steves, an analyst at the Royal Bank of Canada (RBC), who recently appeared on CNBC Fast Money to explain why Goldman’s move isn’t “a really big concern.”

Goldman Sachs is reportedly putting a stop to its #bitcoin trading desk, but @RBC's Mitch Steves says Wall Street isn't over #crypto just yet. pic.twitter.com/c0paalEsL6

— CNBC's Fast Money (@CNBCFastMoney) September 5, 2018

Steves, who (infamously?) called for the blockchain & cryptocurrency industry to reach a $10 trillion valuation in the past, first referenced his insight into the institutional market, explaining:

“So I don’t think [Goldman’s move] is a really big concern. First of all, the institutional investors that I speak with  — that have been involved in the past five years or so — are still involved in this space and are tracking it very closely.”

Doing his best to reason why Goldman Sachs would delay its trading desk, the RBC analyst explained that it is likely that the Wall Street giant is having issues attracting bigwig clients that would be interested in allocating capital to this often-volatile market. Steves then brought up Goldman’s involvement with Circle, alluding to the fact that the product is directed at retail traders and not at institutions, stating:

“Specifically, Goldman Sachs is invested in Circle, which is essentially a competitor to Coinbase. So they are already able to get trading flows from the retail side, but the institutional side is very difficult. And what I think they are realizing now is probably that the next step to get institutional money would be for a Bitcoin ETF to be approved.”

In other words, while Goldman may have its hand in the retail investor cookie jar, so to speak, but the firm has yet to substantively back institutional-focused products and services like an ETF or crypto asset custody.

“Everything Is Still Tracking [Bullish] Ahead Of Plan”

As aforementioned, the CNBC guest has predicted that the blockchain & crypto ecosystem will surpass a valuation of $10 trillion in the next 15 years. Alluding to Wednesday’s market collapse, CNBC host Mellisa Lee questioned the analyst if he still expects his prediction to come to fruition.

Unsurprisingly enough, Steves responded with bullish sentiment, revealing that long-term indicators show that this market is still on track to beat his prediction. Elaborating, Mitch Steves noted:

“Again, I’ll make the same call I made earlier. You can’t really look at this from a year-to-year basis… because it’s like a venture capital investment where you are looking at 10 to 15 years… If we look at it from a technical perspective, everything is still tracking ahead of plan.”

So as the old saying goes, “slow and steady wins the race,” as it has become clear that many analysts expect crypto assets to not only survive but thrive in the roughest of waves.

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The post Goldman May Be Out For Now, But Wall Street Still Wants Crypto appeared first on NewsBTC.

President of Korea’s national post service reveals it will get crypto “know-how” from Goldman Sachs

Bitcoin’s 13 percent slide in the last 24 hours has neutralized the long-term bullish reversal suggested on the technical charts earlier this week.

IBM is working with Hu-manity.co, whose Android and IOS mobile app gives users a title of ownership, akin to a property deed, for their personal data.

The South Asian gaming market currently stands at more than $1.5 billion USD and is projected to increase to $9 billion USD by 2025. The online gaming market has a predicted growth rate of 20 percent between 2015 and 2025, due to falling prices of smartphones and increased availability of internet access. As such, this market has a very significant potential for gamers and developers alike.

Current Problems in the South Asian Game Market

Even with such high growth, the region has seen considerable hindrances for game developers to capitalize on the business potential. This is mainly due to:

• Fragmented Region: The small, yet densely populated, region is home to 11 nations with varying cultures, demographics, societies, and economies.
• Languages: Within Southeast Asia, there are hundreds of languages and localizing games for each one is practically impossible.
• Low Credit and Debit Card Penetration: With less than three percent of the population having access to credit and online debit cards, purchasing games can be difficult.
• High Charges: Even for the small population that has access to credit and debit cards, fees in the region are quite high, further discouraging online game purchases.
• Overcrowded App Stores: With so many apps and games being launched on popular mobile app stores, high-quality games get pushed down the list.
• Multiple App Stores: Even if a game does get on the hot list, it will be on multiple app stores, with are run by different operating system developers and phone manufacturers. This makes it nearly impossible to cover all of the stores.

With these factors combined, it is very difficult for game developers to penetrate and generate profits from sales in the South Asian market.

Moo Store and XMOO

Moo Store is gaming store that is developed by Cloud Alliance and Unity Technologies. Cloud Alliance is a Singapore-based technology firm that provides payment solutions for game developers as well as offering marketing, advertising, and game localization services. The company is made up of gaming industry specialists that have a combined three decades of experience in the Asian market. Their collaboration with Unity Technologies means that game developers will be able to use the app store and base their games on Unity software through their XMOO tokens.

CloudMoolah, their gaming store application, is integrated into one of the largest mobile game development software systems, created by Unity Technologies. This allows Unity developers to create a channel for revenue collection from more than 500,000 retail sales points across the Southeast Asian region. This channel is cheaper, quicker and more accessible than traditional credit cards.

XMOO on Coinsuper

Coinsuper is a Hong Kong-based digital asset exchange that offers one of the best trading platforms in the region. With security features such as SSL encryption, multi-signature wallets, and offline asset storage, it is a very secure platform.

The listing of XMOO on the exchange means that game developers will be able customize their games to monetize their sales and enter one the largest gaming markets in the world. This means no more lengthy and tedious integration processes, game localizations, or multiple registrations on different app stores.

For more information on the platform, visit their website: https://www.cloudmoolah.com/ Follow BitcoinNews.com on Twitter: @bitcoinnewscom

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