Wall Street Struggles to Realize the Potential Blockchain Even After Billions of Investment ￼ The start of blockchain technology initially triggered a gold fever among Wall Street investors. This excitement is similar to other innovative technologies such as artificial intelligence and virtual reality. However, this excitement has given way to pragmatism as investors begin to rethink the cost-benefit analysis of investments in blockchain technology. This reluctance is in line with the realization of the Fintech industry that the costs of most blockchain implementations far outweigh the potential benefits. Most Wall Street companies, financial institutions, and exchanges that were initially invested in blockchain-based projects have failed to get them past the testing phase. Projects that have made progress have not been able to display extensive cases of technological use. The head of strategic investment for UBS AG investment bank Hyder Jaffrey compared blockchain technology with the big bang. He stated that the potential of blockchain technology can take around three to five years to realize because it requires market transformation. Since 2018, major financial institutions and technology companies have sought to utilize technology in several sectors. For example, Utility Settlement Coin is a digital cash system that UBS supports for financial transactions. It is expected to be launched next year after more than five years of development. In addition, the computer hardware giant IBM has called for the use of blockchain technology to eradicate poverty in an advertisement released during the Academy Awards earlier this year. Realizing the technological potential, IBM general manager Marie Wieck said that the blockchain continues to show extraordinary promise, especially in the business domain. John Whelan, head of digital investment banking at Banco Santander Spain, said that the blockchain project needs to operate at the intersection of compliance, demand and technology. In addition, Nasdaq's head of market technology, Lars Ottersgard echoed this, stating that the difference in the value of using the blockchain from using traditional technology is unclear. Apart from the obstacles faced by the implementation of blockchain technology, Wall Street investment continues to flow. In 2018, the capital market and banking institutions invest around $1.7 billion in blockchain-based projects. According to the research firm and advisor Greenwich Associates, the investment has increased 70 percent from the 2016 figure. This surge in investment was mainly due to reduced capital requirements and overhead costs. In addition, cost-effective risk reduction and international payments also encourage companies to continue to invest in blockchain technology. According to IDC's research firm, investment in blockchain projects is expected to reach more than $12 billion by 2022.
The Polkadot Blockchain Protocol Distributes 500,000 DOT Tokens at Unknown Prices ￼ The interoperability protocol of Polkadot Blockchain, has distributed 500,000 DOT tokens at unknown prices, but it is said to be in line with the company's valuation of $1.2 billion, a technology-focused news outlet. Polkadot Web3 Foundation (W3F) managing partners reportedly told The Block that the protocol was distributing 500,000 tokens, even though the company did not disclose the exact amount of funds raised. Block noted that during the recent round of Polkadot it was said to sell 5% of the total supply of tokens, which theoretically had to bring $60 million to the protocol management team. As reported in January, sales of planned tokens are expected to bring a fully diluted market value, or the value of all outstanding tokens, plus those not issued, from the token to $1.2 billion. Then in May, Polkadot began offering its tokens on the secondary market at large discounts. At that time, experts pointed out that in addition to questioning the potential of Polkadot's $1.2 billion assessment, sellers could violate the agreements they had signed by regulating third party sales.
DASH Runs More Nodes Than BCH, LTC, BCHSV, DOGE Combined ￼ Recent press releases by the DASH network have revealed statistics showing that there are more active nodes on DASH than Bitcoin Cash (BCH), Litecoin (LTC), Bitcoin SV (BCHSV), and Dogecoin (DOGE) combined. Nodes are devices on a network that validate transactions as unique. Staggering statistics are part of a report from the analysis company Blockchain BlockChair. The purpose of this assessment is to evaluate and compare DASH with other cryptocurrency networks. Statistics show that DASH carries 4,383 nodes that can be reached at the time of publication. The next closest competitor is LTC, only carrying 1,830. BCH only has 1,473, DOGE has 514, and BSV which is mostly maligned only has 383. Of course, this total does not take into account Bitcoin (BTC), which brings a dramatically greater number of 9,205 nodes that can be reached. This amount is more than double the total DASH, and is greater than the five combined registered. In a certain sense, statistics reveal the massive dominance of Bitcoin on the market. For many cryptophilia, the fact that DASH runs so many nodes might be surprising. However, the company stated that the reason was due to incentives. In the DASH network, the masternode receives a small portion of each prize block, eliminating systemic motivation problems. This means that running and maintaining accessible nodes is always at least quite profitable, even if the block is not mined. The DASH network recently reported that the system is widely used in Venezuela and other countries facing hyperinflation. These reports illustrate how DASH is used for daily transactions. Of course, maxis will argue that this is precisely what Bitcoin designed to do. These worshipers suggest that the use of another payment system only prevents inevitable changes back to the parent Bitcoin. However, although this form of payment may eventually return to Bitcoin as a source, using DASH for payments, and running a large number of nodes is very encouraging. Cryptocurrency adoption requires extensive use, and DASH achieves it better than most other competitors.
Craig Wright Must Demonstrate Bitcoin Mining Court Before 2014 Today ￼ At Kleiman vs. Wright, the court has given a motion to force and order Craig Wright to provide a list of all bitcoins before 2014 on June 17. Judge Floridan Judge Bruce Reinhart's ruling on June 14, 2019 was an unreasonable decision. He has given a motion to force. As such, Wright is still responsible for sending a list of all the bitcoins he mines before 31 December 2013, on or before 17 June 2019. The court rejected Wright's motion and ordered him to produce documents and certificates relating to claimed blind faith, including all transactional records. The court reasoned that encryption came from Julius Caesar's era and was used for everything from national security to personal communication to cloud storage. Wright, however, pulled all stops. On May 8, 2019, he has submitted an oath declaration. It states that trust, completed in October 2012, is there to hold all the bitcoins that have been mined and obtained so far, or will be in the future. To make the plot thicker, Wright now claims bitcoin is not stored in trust, only addresses and keys. The hearing was scheduled for June 28, 2019, before Judge Beth Bloom. At that appearance, Wright will have some explanations to do if he does not provide a list. The court, it seems, anticipates the turn of events like that. The order said that, in that case, he had to show the reason why he should not be tried in civil and / or criminal humiliation.
YubiKey 2FA Tool Found Vulnerability, Users Beware ￼ According to a recent security advisory report, the FIPS Series YubiKey devices running firmware 4.4.2 and 4.4.4 have reduced randomness, making them more vulnerable to potentially compromised. YubiKey has stated that devices on firmware 4.4.2 and 4.4.4 maintain as many as 80 predictable bits, from any key or signature generated on the device. With keys as short as 256 bits, this can make a significant decrease in randomness. Until now, there have been four devices that have been affected by disabilities: YubiKey FIPS, YubiKey Nano FIPS, YubiKey C FIPS, and YubiKey C Nano FIPS. When specifically explaining how this reduction in randomness can be used to cause harm to affected users, Yubico notes that attackers need to get access to devices that are connected to FIDO U2F devices or utilize TLS vulnerabilities. Although wallet is not explicitly designed as a crypto currency storage device, its use as a two-factor authentication stick has found it favored by crypto currency holders who want to protect their online wallet more. Bitfinex, Coinbase and Gemini are just a few cryptocurrency exchanges that support FIDO U2F, possibly more than a few cryptocurrency holders might be vulnerable. With YubiKey devices being used by governments, companies and thousands of people around the world, it remains to be seen whether there will be a fall as a result of vulnerability. However, YubiKey estimates that most vulnerable devices have been replaced or are in the process of being replaced under an active key replacement program, and note that they are not aware of any security violations arising from the defect.
Centralized Social Networking Disrupts Your Data, Will the Decentralized Platform Do the Same? ￼ Rarely have events where scandals involving a single social network platform are so large that it forces every internet-based business to clarify its corporate policies, regardless of what is related to it. However, this has become more frequent in recent years. The Cambridge Analytica Scandal Facebook encourages Internet companies around the world to change or explain their privacy policies and data collection, in an effort to increase transparency. Another similar example is an impromptu self-examination conducted by Microsoft, which secretly cleared its MS-Celeb-1M database, after previously claiming it was the largest face collection used for face recognition training, with around 10 million faces included in the collection . The abolition came in response to a report in the Financial Times which raised questions about the ethics of such technology. Because the data set has been used by military universities from pseudo-authoritarian countries, it should be accessible to the public until at least April 2019. Even with blue chip companies that show a disregard for privacy and user data, it is not surprising that public trust in these companies has diminished and decentralized alternatives have become more prominent. Diaspora, Minds, Mastodon, Steemit and Sola are just a few of the more popular decentralized social networks that make users control their own content, including their images and messages. Recently, Block.One, the company behind EOS, announced its own social media network known as 'Voice.' These platforms have the right to pride themselves because of the lack of censorship and the prevalent blocking of content with centralized mainstream social networks such as Facebook and Twitter. More than this, by allowing users to control their own data, they can expect to be treated more like a guest, rather than using money. When mainstream companies like Facebook, Amazon and Google face similar anti-trust investigations and investigations, more and more users are ignoring this platform and choosing to adopt a new wave of blockchain technology-based social networks.
Facebook GlobalCoin Can Complete Future Oil Contracts, Really? ￼ The CEO of the Russian oil group Rosneft, Igor Sechin, said that in the future, the completion of an oil contract might be carried out in the Facebook cryptocurrency, GlobalCoin, because of the large role of high-tech companies in the energy sector. However, this development has nothing to do with the benefits of cryptocurrencies. Instead, it stems from the fact that the United States widely uses energy as a political weapon against other countries, Sechin claims while speaking at the St. International Economic Forum. Petersburg (SPIEF). Sechin shows the penetration of slow but stable high-tech giants, such as Google, Apple, Amazon, and Facebook into the oil and gas industry. He also stressed that most of them had American inheritance and were effectively controlled by the US government. According to Sechin, these companies have invested heavily in developing universal technology solutions for large data processing, creating alternative forms of transportation such as self-driving cars, sharing economic ecosystems, and even their own currencies and financial instruments. This investment is snowball, which can cause unexpected consequences on a global scale. At the end of the day, we might find ourselves forced to pay for oil barrels at GlobalCoin Facebook because changes break down at an astonishing speed. He also urged not to be carried away by the illusion that the solution introduced by the high-tech giant made the energy market far more transparent, efficient, or offered a panacea for the existing heat problem. On the contrary, they carry new risks and threats, because greater flexibility often leads to higher volatility while digitalization creates risks to maintain commercial secrets. At this stage, technology companies cannot provide clear and comprehensive answers to this fundamental problem.
Ethereum and EOS Continue to Lose Positions Against Tron and Tezos ￼ Ethereum (ETH), EOS, Tron (TRX) and Tezos (XTZ) started fighting against. Competition protocols showed a significant increase after realizing their mainstream and declaring their independence. Ethereum goes down against EOS, Tron and Tezos. While EOS, Tron and Tezos competed with each other, they tried to prove that they were better than their Ethereum "homeland". In 2018, one by one the Mainnetlerin project continues to grow and attract attention. The Bitassist Research and Consulting Company has signed a study comparing 4 leading platforms. Slow Ethereum, EOS fast The main parameter of this study is the speed of TPS. Processing capacity per second is the most fundamental value of the blockchain project. Adding new data to the network and acknowledging it is very important. The leadership in this matter is EOS: with a value of 4000 polling stations, it does not exceed that. Visa is one of the main players in the traditional financial system, this number is around 1600 polling stations. Tron runs at a speed of 750 TPS. However, Ethereum 20 is far behind the speed of TPS. Instability prevents a single authority from making changes to the network as a whole. In this sense, we see that different blockchain networks approach this goal in different ways. Indispensability is sine qua non from blockchain technology. In this case, we see that Ethereum is in front of the other three opponents. Ethereum is an open source and product from the Ethereum Foundation. It is not possible to cancel the Bitassist data operation. However, PoW can be affected by a 51% attack because it involves a consensus model. Among these 4 candidates, Tezos stands out as the most decentralized platform after Ethereum. Unlike Ethereum, Tezos cannot be attacked by 51%. The attack can be carried out on the coins needed to become access to 80%. This is almost impossible in current conditions. EOS and Tron are defined as semi-decentralization. Because only 21 EOS block producers have the right to make decisions on the platform. The Tron Network enables decision making through 27 block producers. In addition, the reversibility of processes on both platforms is unavoidable. The fact that Tron and EOS are semi-centered explains why processing speeds are very high. Nodes are separate parameters for the number of nodes, which are healthy protocols. If instability is evaluated as a management model, the number of nodes is the first indicator of how much management is distributed. According to Bitassist, this is a very important parameter because the higher the number of nodes, the higher the strength of the system to the sensor. In this case, we see that Ethereum has the largest number of active node networks. According to survey data May 21, 2019, the number of active nodes in the network is more than 5,000. Even in the summer of 2018 this number increased to 16,000. Ethereum is an undisputed leader. Because this number is closest to him in Tron 1289, and EOS Tezos is very low. Tezos 78, Tron 72. Bitassist has also conducted research on other parameters such as dApps, namely the decentralized application utilization rate. Finally, Ethereum continues to be a victim of insufficient scaling capacity, according to the report above. In this context, it is necessary to move to Ethereum 2.0 and to resolve this problem. If not, Ethereum EOS may not maintain its position against Tron (TRX) and Tezos (XTZ).
Bitcoin Volatility Will Capture Gold in 10 Years ￼ Can the volatility of Bitcoin (BTC) catch Gold in 10 years? Recently, there was a discussion about the 'best value shop' between Bitcoin and Gold fans. Bitcoin volatility can capture Gold in 10 years. Unfortunately, Bitcoin is exposed to price fluctuations more than gold. But we hope that price fluctuations will soon be replaced by stable outflows. Thus, BTC will become a more stable entity. In the 10 years since the beginning, the volatility of Bitcoin will capture the volatility of Gold. Thus, it will become a more stable entity. The capacity of the world's first cryptocurrency market is now $140 billion. This figure is undoubtedly far from Gold, which has a market volume of $7 trillion. However, the volume of gold is the result of ancient adventures originating from human history, Bitcoin in just 10 years, and a lot of misfortune. Bitcoin volatility has declined in the past 8 years and is getting closer to the volatility of Gold. Under current conditions, the volatility of Bitcoin will capture Gold in 10 years. Is there statistical information? Considering the aspects of business statistics, the Bitcoin volatility index falls day by day. For example, estimates for the last 30 days are estimated at 4.41% for world number 1 cryptocurrency, and 3.94% for an estimated 60 days. When we open the timeline, this number rises, and estimates 120 and 252 days have reached a record level of 3.21%. Between July 2011 and September 2018, when we compare Gold to Gold, we see that the volatility of Bitcoin is gradually closed. Especially in July 2015 and at the beginning of 2017, the difference has reached the lowest level. In 2017, the bull race starts to make a difference. At the end of 2017, the gap is getting closer.
Litecoin Regains Lost Strength and Dignity ￼ Litecoin (LTC) has regained its lost strength. This cryptocurrency is known as a slow but powerful movement in the industry. After being in 3rd place on CoinMarketCap, LTC is now in 5th place. Litecoin's success stories cannot be written without mentioning the efforts of its founder, Charlie Lee. Lee was not interested in price movements, but in a short time he was interested in achieving his goals. Luckily for Litecoin and its community, lately there have been many things that made fun of many things. Over the past few days the threshold has exceeded the $100 threshold. This has been an important resistance line for some time. It seems that 2019 is a lucky year for Litecoin. Cryptocurrency, which has broken at the end of 2017, has continued its upward trend for the time being. According to CoinMarketCap, the price of the LTC is $101.59 at the moment. This is the 3rd attempt to get out of the $100. LTC made its first attempt on April 3, 2019. Cryptocurrency $99.89 then faces sales for around 20 days. On May 16, 2019, the LTC conducted the 2nd test and the bears caught the situation and reached $107.60 before dropping prices back. Even though the LTC continues to struggle at the current level, successful efforts to reach $110 can bring the LTC aiming for the highest all time. In the TradingView LTC/USD chart, the RSI 14 indicator shows that periods are low, unlike candles. For this reason, traders must be careful about other possible bearish effects. In recent years, Litecoin has focused more on broad acceptance than trade and investors. ZyCrypto wrote the story of Litecoin adoption on April 18. Sportsbet.io, one of the industry's leading platforms, recently announced that they support Litecoin.