Adoption

Adoption

What is DeFi yeld farming everyone is talking about

by Blocks99

1 week ago

Decentralized finance (DeFi) has been the talk of the blockchain town over the past few months. Total value locked in DeFi smart contracts reached the all -time- high of $9.6b on 2nd of September 2020 before it started to go south. The current total value locked as of today is $7.21b, accordingly to Defipulse. [caption id="attachment_3159" align="alignnone" width="1024"] Defipusle total value locked in smart contracts on 11 Sept 2020[/caption] One popular and hot new concept in the DeFi space is yeld farming. Lets take a closer look at defi yeld farming, what it means,...
Adoption

How CZ made Binance a US$ 1bn company within a year

by Blocks99

1 month ago

The success of Binance is well known. What is easy to forget is how many times the company faced – and mastered – challenges that could easily have spelled the end. We look at how CZ made Binance. Today Binance is the world’s largest cryptocurrency exchange (by volume), with a user base of around 15 million (as of September 2019). A great deal of credit for Binance’s success goes to its founder and CEO, Changpeng Zhao, known as CZ by his 465k Twitter followers. The exchange’s rise and success story is nothing short of a Hollywood movie.  Zhao, before becoming...
Adoption

How the Corona Crisis Has Shown Us That we Need Bitcoin, Ether & Co.

by Third-Party Content

5 months ago

Bitcoin was the first blockchain-based digital asset leading to a variety of other projects to follow. A key aspect of blockchain technology is its feature as an “electronic register” to organize legal rights and asset ownership. This core feature of blockchain can help the world encounter the risks that have materialized after the Coronavirus has spread: With digital assets in general, one could avoid physical banknotes that are suspected of spreading the virus. Furthermore, digital assets can create new financial Instruments to address current inefficiencies whilst reducing...
Adoption

Justin Sun and Steem – The dizzying tale of how one crypto billionaire...

by Nicholas Krapels

7 months ago

The story of Justin Sun and Steem hit a high point on March 4, when marketing whizkid Sun pulled an end-around on the Steem blockchain community to reclaim STEEM tokens. The recapture of the STEEM tokens, which had been questionably “quarantined” from Sun’s Tron Foundation, is the latest development between Justin Sun and Steem. A couple weeks ago, Tron announced the acquisition of Steemit Inc., the company responsible for the majority of the development work on the Steem blockchain and creator of its first and most popular dapp, a blogging tool called Steemit. However, in...
Adoption

Bitcoins and digital securities in Germany: How will the new crypto license...

by Third-Party Content

7 months ago

With its crypto license, Germany is a close second to Switzerland’s Crypto Valley as a leader in blockchain and crypto. Berlin implemented the EU’s Anti-Money Laundering (AML) rule on January 1, 2020. The German regulator took the opportunity while introducing the new AML guidelines along with its crypto license to regulate all forms of blockchain-based assets as well, including digital securities and cryptocurrencies like Bitcoin or Ethereum. As of January 1, 2020, companies require a so-called “crypto license” if they want to provide services around digital assets. To...
Adoption

Crypto lending and credit solutions – A safe haven for idle funds?

by Faith Obafemi

7 months ago

While crypto lending and credit may be new, lending itself has existed in various forms throughout history. Here we look at the future of decentralized cryptocurrency lending, its pros and cons. Whether in the form of a merchant lending a farmer gold, with the expected harvest as collateral – called “tokens” back then, as told in The Richest Man in Babylon – lending is nothing new, and crypto lending just a new twist. Over time, merchants have evolved into banks, companies and even individual businesspeople, while gold has evolved to fiat and most recently cryptocurrency. A...
Adoption

Tokenization in sports betting: Past, present and future

by Fernando Sanchez

7 months ago

Sports betting is an eons-old practice. Tokenization in sports betting adds a new dimension, streamlining the process and enabling fans to interact with their heroes. The Greeks were known to love sports betting, over seven full centuries before the birth of Christ – if you're inclined to believe that sort of thing – when the Olympic Games were first held in 776 BC. Perhaps tokenization in sports betting can bring back some of the immediacy of those events. Ancient Romans were the next civilization to openly raise stakes in sporting events. Citizens of the Republic enjoyed...
Adoption

Adoption of blockchain and crypto in Southeast Asia

by Karin Chang

7 months ago

The region’s fast-growing economies are well positioned to drive adoption of blockchain and crypto in Southeast Asia. Here, we look at where the different countries stand in the process. With a total population of 570 million, a young demographic and high Internet connectivity, the region is promising for companies and investors – including those with an interest in blockchain and crypto in Southeast Asia. According to the e-Conomy SEA 2019 survey conducted by Google, Temasek and Bain + Co., there are a total of 360 million Internet users across SEA, of which 90% access the...
Adoption

When will DEX go mainstream?

by Faith Obafemi

7 months ago

Cryptocurrency has gained a large mindshare throughout the world. Especially Bitcoin, with its underlying philosophy of decentralized exchange of value, is widely known. But will DEX go mainstream? After going from a worthless digital asset to a value of tens of thousands of dollars, Bitcoin looks predestined to help DEX go mainstream. A little over a decade ago, someone or a group of persons identified as Satoshi Nakamoto created virtual money that changes hands on a peer-to-peer (P2P) basis, effectively sidestepping intermediaries. Ironically, the biggest players in the crypto...
Adoption

Crypto regulation: Adoption driver or obstacle?

by Blocks99

8 months ago

Countries around the world take different approaches to crypto regulation, from laissez faire to highly restrictive. But they all share one thing: the need to prepare for the growing role of crypto. Interestingly, some jurisdictions have introduced clear and strict crypto regulation while at the same time welcoming cryptocurrency trading and services. Cryptocurrency in its current state is not considered a substitute for money. Even the friendliest of nations do not consider crypto as a substitute for their national currencies. In addition, all regimes place high priority on...
Adoption

How blockchain media can foster the mass blockchain adoption

by Sophia Ha Ho

8 months ago

Crossing the chasm: The role of media in blockchain adoption Who says, “no news is good news”? In fact, no news – or little news – about blockchain technology is really bad news. What’s wrong with the current relationship between blockchain and media? It has been 30 years since the release of Geoffrey Moore’s bestseller on marketing and adoption of high-tech products “Crossing the Chasm.” As we enter a new decade, blockchain technology continues to struggle to cross the chasm and achieve widespread adoption. Hasn’t the blockchain community read the book? To be...
Adoption

DeFi will eat banks for breakfast

by Blocks99

9 months ago

Decentralized finance – DeFi – can bring financial services to people who have been excluded up to now – banking the unbanked. Civic CEO Vinny Lingham says it has to unbank the banked first. DeFi, or decentralized finance, is much more than an abstract concept. It has become a movement that leverages blockchain technology to enable peer-to-peer (P2P) lending and transfer of funds without intermediaries or central authorities. DeFi allows virtually anyone to access financial services with a high level of autonomy and few entrance barriers. The concept of financial...
Adoption

TomoChain – A public blockchain from Southeast Asia

by Blocks99

11 months ago

This recently launched blockchain from  Southeast Asia is a further example of how many different applications blockchain technology can enable. Here, we let TomoChain speak for itself. Blockchain ecosystem for developers Various different use cases up and running Coming from Southeast Asia with a global focus TomoChain is a public blockchain from Southeast Asia that aims to achieve high transaction speeds without compromising decentralization. It does this by utilizing a consensus method called proof of stake Voting (PoSV), which incentivizes tokenholders to play an...

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