SwissRealCoin Promises a Stable Cryptocurrency Backed by Swiss Real Estate (VentureBeat.com)
Liquidity and volatility are two issues that dog almost every blockchain technology startup and cryptocurrency, which is why “stablecoins” are becoming popular. Backed by gold, oil, fiat, and other, more established currencies, assets, and utilities, stablecoins offer an interesting alternative to regular cryptocurrencies. Today, SwissRealCoin (SRC) has announced its estate-backed cryptocurrency platform, which enables access to Swiss real estate value for investors around the world. By backing the coin with real estate, SwissRealCoin hopes to provide a more stable option.
How DasCoin Plans to Bring Equality to the Cryptocurrency Industry (PraguePost.com)
Here is how DasCoin is working to make the cryptocurrencies trade a level-playing field for all-from its own senior staff to the cryptocurrency newbie out there. In the recent times, if you wanted to invest in digital currency but were not a technologically-oriented person, you needed to find a brilliant tech professional to do the mining for you, or simply buy what they have pre-mined. That is just how Bitcoin, and most altcoins, currently operate. Some people feel such a system is skewed in favor of tech professionals.
Pixabay/Public Domain
Cryptocurrency Exchange Coinbase and Barclays Team Up (Investopedia.com)
Big changes are on the horizon for one of the world’s largest cryptocurrency exchanges. Coinbase has opened an account with Barclays, the U.K. bank and multinational financial services company, according to a report by Bitcoin.com. The arrangement has been described as the first partnership between a major bank in the U.K. and a large cryptocurrency exchange. In the short term, Coinbase believes that the partnership will help improve customer experience by reducing transaction processing times.
DAEX Releases its Innovative Blockchain White Paper, a New Clearing Ecosystem for Centralized Cryptocurrency Exchanges (BusinessWire.com)
SHANGHAI–(BUSINESS WIRE)–DAEX recently released a White Paper on a new distributed ledger and clearing ecosystem. Based on the White Paper, it aims to provide an infrastructure for traditional centralized trading platforms while keeping their core transactional functions. Meanwhile, it avoids the downsides of the purely decentralized Exchanges to ensure a more secure, transparent and credible environment with the high liquidity of digital assets. Most centralized trading platforms are highly exposed to hack attacks and operation risks because they have a full spectrum of business, covering asset auditing, transaction matchmaking, data storage, asset custody, clearing and settlement.
Microsoft Rolls out Large Improvements to Ethereum on Azure (WinBuzzer.com)
Blockchain rocketed to popularity last year thanks to Bitcoin, but organizations are using the technology for more than currency. Microsoft is looking to make that easier with Azure, and has rolled out significant improvements to its Ethereum offering. “Today, we are excited to announce significant enhancements to our Ethereum on Azure offering,” says Cody Born, Azure Global software engineer. “These improvements are the first of a series of releases designed to enable production-ready consortium Blockchain networks suited for enterprise scenarios.”
If You’ve Made Cash from Bitcoin in the UK, You Could Face a Hefty Tax Bill: What You Need to Know (Alphr.com)
As the tax deadline fast approaches in the UK, those of you brave enough to have invested in the volatile world of cryptocurrencies, including Bitcoin, could be facing a hefty bill. As much as Bitcoin, and other virtual currencies, may seem like a quick route to a fast buck, Her Majesty’s Revenue and Customs (HMRC) has warned that such gains are not out of the reaches of the taxman. Plus, given the recent volatility around Bitcoin prices, many investors may not even be aware of the tax owed on their cryptocurrencies.
Starbucks next in line to Accept Ripple XRP? (CryptoDaily.co.uk)
Ripple XRP has managed to avoid the steep declines that have been seen among many cryptocurrencies over the past few months. This has largely been due to the partnerships that it has signed with banks and other mainstream businesses, which investors believe will increase the visibility of the cryptocurrency among investors. Today, a rumour emerged that a major player in retail is ready to climb onboard. In this article, we’ll consider just what that could mean for Ripple’s value and future.
Bitcoin Bull Says Altcoins Bear Market is Over (Crypto-Lines.com)
Tom Lee, the head researcher at Fundstrat Global Advisors LLC believes the altcoin bear market is coming to an end. The savvy bitcoin bull also warns that a rally of the altcoins shouldn’t be expected just yet. According to the analysis of past behaviours, Tom believes the bear market of smaller crypto coins better known as altcoins has hit rock bottom and as much as a rally shouldn’t be expected soon, they are set to bounce back. The fundstrat measure of altcoins indicates a 75% drop in the virtual currencies in the past 64 days. This route comes after a 62-day rally that had the altcoins hit unprecedented heights. Using a review of 3 past altcoin bear markets, where the rate of selling off matched that of surges that came before them, the bitcoin bull emphasizes he has every reason to believe the current drop in the price of altcoins might have ended.
What Is Switcheo Cryptocurrency? (TheMerkle.com)
A lot of cryptocurrencies are undergoing change right now. We’ve seen a stronger focus on decentralized exchanges, which will remove the need to deal with centralized entities altogether. Switcheo Network is one of those projects which can make a rather large impact moving forward. The Concept of Switcheo: As one would expect, Switcheo was built on top of the NEO platform. This new approach to creating decentralized trading solutions will certainly attract a lot of attention from NEO enthusiasts. The purpose of this project is to manage the entire trading experience on-chain, which should provide an experience similar to centralized exchanges without the need to rely on third parties.
US Treasury Publishes 5 Tips For Blockchain Projects (CoinDesk.com)
The US Department of the Treasury has just published five tips for building blockchain projects. According to the Bureau of the Fiscal Service website, the list is based on the lessons staff learned while working on a proof of concept blockchain system for tracking physical assets, such as computers or cars, which began last autumn. After months of tinkering with distributed ledgers, the first and most important insight offered is for people to ask themselves: Is blockchain technology a good fit for this concept?
