Waste2Wear Is Using The Blockchain To Turn Ocean Plastic Waste Into Clothes

Some people often accuse Bitcoin of not being environmentally-friendly enough. What they can’t do, however, is to accuse the blockchain technology of not being useful for eco-friendly campaigns. Right now, the Dutch company Waste2Wear is doing that.

Waste2Wear, as you might imagine because of the company’s name, is focused on creating fabrics from waste found in oceans. Now, the company is hosting an exhibition of its products in Paris during the Premiere Vision textile fair.

All the clothing presented during the event are made with recycled materials and they can be traced using the blockchain technology. A whole blockchain tracking system was created so that people can track the materials that were used to create eco-friendly clothes.

One of the main advantages of this technology is that it removes tons of plastic from the ocean. According to the company, several steps have to be taken in order to properly collect the material and finish the product. With blockchain technology, the complete process is tracked at each step, which serves both the company and its clients.

While the clients can understand more about the history of the products, the company can find any inefficiency within the system and remove it.

All the plastic used by the company comes from the ocean and coastal areas near Shanghai. Fishermen are paid to collect the garbage and deliver to the company, which also helps them to get more income. According to Waste2Wear, over three tons of waste are produced every week.

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Author: Gabriel Machado

Only A Day Remains For US Citizens To Trade On Binance Before Becoming Storage Wallet

It has been about 3 months that Binance had announced that they would be shutting down US based investors from trading on their platform on September 12th. The time has finally arrived.

Binance is currently freely accessible by US residents. However, this has all along exposed the exchange to many risks due to regulators in the US starting to tighten up their grasp over the emerging market. Binance offers a variety of unique altcoins, some of which could very well be considered securities under US law which could eventually land the exchange in the hot seat.

On September 4, Binance CEO Changpeng Zhao confirmed that the exchange

“should not have any US users, as per our TOU.”

A poll posted by Reddit user u/millzcrypto on September 2 (now it has 200 responses), shows what options Binance users are considering. (It is estimated that 20% to 30% of Binance users are U.S. residents.) At the moment, most respondents stated that they are going to use “other,” not mentioned exchanges (34%), followed by KuCoin (30%), Coinbase Pro (21%), and Kraken (12%).

The leading crypto exchange also announced that it is planning to launch a branch in the United States

“in the coming weeks.”

KYC onboarding will begin a few days prior to live trading. To complete the onboarding process, users will be required to provide a valid government ID — driver’s license or a passport — and their social security number.

Notably, Binance.com isn’t the only exchange platform by Binance, it’s localized subsidiaries Binance Jersey, Binance Uganda, and Binance Singapore operate mainly as fiat onramps with a few trading pairs

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Author: Sritanshu Sinha

Revisiting Amazon Move Into DLT With Quantum Ledger Database And Managed Blockchain

Amazon has recently provided some more information about two of its blockchain-related projects. They are the Amazon Managed Blockchain and the Amazon Quantum Ledger Database.

The preview of these new products points out that they are still in a very early phase, but that Amazon is getting consistently more interested in the blockchain technology and that it plans on using it more and more in the near future.

During the presentation, two aspects were especially showcased: the immutability and the verifiability of the blockchain technology. People can use it to enter immutable records and easily verify them in a decentralized manner. This trust aspect is why the company is so interested. Several other companies can use this technology for many purposes.

One caveat of the presentation is that Amazon keeps using the term “quantum ledger” while quantum technology is still not here, which means that it is more of a buzzword than anything else.

The so-called quantum product (see here) was created for cases in which a complete blockchain is not needed, only parts of it. In this case, some of the immutable technology can be used, but in a more centralized way, so that a single entity controls the data. What there is of something really new here is that the database allows for inserts, but not for deleting information.

Amazon Managed Blockchain, (see here) on the other hand, is the real thing. A complete core blockchain product that can be used by companies that are interested in private blockchains. This platform is set to initially have support for Ethereum and the Hyperledger Fabric technology. While Hyperledger is for companies that want to create a private network, Ethereum is better for creating open ones.

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Author: Gabriel Machado

Canadian Mining Company Hut 8 Sees Revenues Going Up 250% In Q2

If there are clear winners of the crypto market in 2019, they are certainly the miners. Many companies are seeing huge improvements in their profits during the second quarter of 2019. Hut 8 Mining Corp. was the latest one to publish amazing results.

During Q2 2019, the Toronto Stock-listed company saw its net profits go up from a net loss of $3.6 million USD to a profit of around $25.3 million this year. Quite an improvement. Revenues also increased by over 250%. The revenue from the same quarter last year was $5.8 million USD and this year it was $21.3 million USD.

According to the CEO of the mining company, Andrew Kiguel, this was the best quarter that the company ever had since it was founded. The main reason for the success of this was that mining costs were reduced considerably and the price of Bitcoin went up quite fast.

This combination of low prices ($2,757 USD per BTC) with BTC going as high as $10,000 during the quarter was essential for the record-breaking performance. According to Kiguel, the improvements did not happen alone. The company was very focused on reducing costs and optimizing its systems at the end of 2018 when the bear market was putting several companies out of business.

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Author: Bitcoin Exchange Guide News Team

Popular Bitcoin Wallet and Ledger Explorer Blockchain Announces Partnership With BitPay

Block explorer and Bitcoin wallet Blockchain has revealed that there are they now have BitPay integration.

The wallet’s blog reads:

“And today, spending crypto from your phone or online is even easier thanks to a new integration with BitPay. We’ve seamlessly integrated BitPay into the Blockchain Wallet so you can pay for products and services from an extensive network of merchants without ever giving up control of your private keys.

As the largest global crypto payments provider, BitPay and has processed more than $2.8 billion from merchants and B2B customers since 2011. Every day thousands of businesses rely on BitPay to be their direct connection to the world of crypto, and now those connections are available to you.”

BitPay is a payment service that enables users to accept payments in bitcoin and have the funds directly deposited to their bank account. It operates and sends bank deposits in 38 countries and supports multiple currencies including US dollars, Euros, CAD, and more.

Blockchain states:

“We’re excited to see this new addition connect our Wallet users to the world of merchants that accept Bitcoin (and soon other cryptos) as a payment method — one of the key ways to interact with and grow the digital asset ecosystem.”

The integration of Bitcoin payment is the most important activity as it increases adoption. When use cases develop and Bitcoin can be seen as something other than “Digital Gold,” we can see the massive mainstream adoption that we are waiting for.

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Author: Sritanshu Sinha

BOE Governor Calls for a Central Bank Crypto Asset to Take On US Dollar’s Dominance as a New World Reserve Currency

First they dismiss and laugh at you, then they criticise you, they fight you and you win. This is how the struggle for Indian Independence went according to Mohandas Gandhi, but the same path is kind of similar to the one that cryptocurrencies are going through right now.

The only difference is that rather than being fought against, we’re seeing an increasing number of influential names actually come to the realization that digital currencies may be the best way forward, especially where it relates to a global reserve currency.

One of the prominent names among the established order of centralized agencies now calling on financial institutions and government organs to get behind a digital currency now includes the outgoing chief of the Bank of England – Mark Carney – who actually takes the call even further, urging centralized entities to adopt and put a digital currency into use as a reserve currency replacement to the US Dollar.

That’s not to say that the US Dollar has somehow lost its pre-eminence just yet, however, as Carney harkens back to the Bretton Woods agreement of 1945.

“While the world economy is being reordered, the U.S. dollar remains as important as when Bretton Woods collapsed,” Carney admitted, while also musing over the potential alternatives out there.

It makes sense why he and other analysts and financial experts would be looking around nervously for alternatives. This is especially relevant now considering the ongoing trade war taking place between the United States and China. With the latter seeing some serious knocks to its GDP this year, while the US economy is seeing setbacks to its industrial output.

Carey, therefore, questions the plausibility of a universal digital currency that could help to take some pressure off the US Dollar.

“It is an open question whether such a new Synthetic Hegemonic Currency (SHC) would be best provided by the public sector, perhaps through a network of central bank digital currencies.”

While it makes for an interesting alternative, one of the reasons for the statements against Facebook’s Libra in July was down to the fact that there’s a very clear hegemony that the United States seeks to maintain with its currency. So it’s not likely that they’ll be providing a ringing endorsement.

Be that as it may, the prospect of a wholly digitalized currency, as a “concept is intriguing,” Carney concluded.

“It is worth considering how an SHC in the IMFS could support better global outcomes, given the scale of the challenges of the current IMFS and the risks in transition to a new hegemonic reserve currency like the Renminbi.”

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Author: Bitcoin Exchange Guide News Team

Eleven New Crypto Projects Join Messari Disclosures Registry Including ADA, LSK and Beam

A total of 11 new projects have announced this week that they joined the Messari Disclosures Registry. The registry includes several projects, the most popular new ones are Cardano, V Systems, Lisk and Beam, all which are in the top 100 crypto projects by market cap. Akropolis, Fusion, Keep, Permission, Orbs and Elrond were also added.

With these new projects becoming a part of it, the registry now has a total of 54 projects. Back when it was launched at the end of last year, the Messari registry had only 12.

The Messari Registry

The registry was created to bring more transparency to the crypto market. Each project can decide on its own whether to participate. If the project does participate, they disclose information about their business to investors, which can check the database at any time before they invest in it.

According to the founder of Messari, Ryan Selkis, being able to find basic information about cryptocurrencies is essential to make good investments, which are able to let the industry move forward.

It was in order to distribute information freely that the registry was first created back in 2018. With the new companies that were listed now, the Messari Disclosures Registry is set to become even more important. Cardano alone has a market cap of over a billion USD and a large community, so its entrance is bound to attract more curious investors to the database.

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Author: Daniel W

US Customs and Border Protection Advisory Group To Launch Blockchain Shipping Proof-of-Concept

An advisory committee for the US Customs and Border Protection (CBP) has revealed that they are intending to launch a live test of its blockchain-based intellectual property rights proof of concept.

The panel is called Commercial Customs Operations Advisory Committee (COAC) and has been monitoring the agency’s blockchain tests and had been expected to submit related recommendations at its quarterly meeting in December. The POC strives to facilitate shipments based on known licensing relationships through the use of blockchain.

Their most recent report says:

“The working group has been active with the current POC on IPR. Since the last in person meeting in March, the working group has progressed through the overall project design, implementation of the initial engineering plan, and integration of Trade and CBP systems. Live testing of the system will start at the end of August and conclude late September.”

The COAC advises the Secretaries of the Department of the Treasury (Treasury) and the Department of Homeland Security (DHS) on the commercial operations of U.S. Customs and Border Protection (CBP) and related Treasury and DHS functions. They are involved in three ongoing proof-of-concept projects involving blockchain technology.

This is particularly a remarkable movement towards blockchain adoption because CBP is the largest federal law enforcement agency of the United States Department of Homeland Security, and is the country’s primary border control organization.

Just last year, the agency launched a live test of a blockchain-based shipment tracking system. While testing, the agency intended to establish standards of interaction between different blockchains to ensure that all firms and software will be easily connected to customs without the need for additional customization.

In similar news, the Department of Homeland Security is seeking from the private sector solutions that use blockchain to digitally issue and verify licenses, certifications, and other documents related to supply chain security and other issues.

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Author: Sritanshu Sinha

ITAM Games Review: Blockchain Solution Where You Play to Earn

ITAM Games Review: Blockchain Solution Where You Play to Earn

ITAM Games is a solution based on blockchain technology where players get to do what they love, while at the same time earning. Thanks to the blockchain ecosystem, they now get to ensure that games are not only entertaining but that the games in question also remain transparent.

Game developers in different parts of the world are always in search of ways that they can entertain their legion of fans. Players, on the other hand, believe that they ought to have access to their gaming data.

ITAM Games has a mission to support the broad array of games developers in existence today do what they love most. They have provided a platform that developers can easily use to integrate the games already present in their catalogs. Gamers can now make sure that their games are available in the blockchain ecosystem using this solution.

For users, they get to create value through the efforts they apply when playing online.

The Gaming Experience Offered by ITAM Games

ITAM Games is providing games and game developers with an opportunity to experience a whole new world powered by the blockchain ecosystem. It is an eco-system designed to provide a gaming environment like no other.

Benefits of Using ITAM Games

As mentioned earlier, ITAM Games seeks to provide a solution that will wow both developers and their gaming fans. These benefits include:

  • Earning in-game crypto assets that get stored on a digital wallet as opposed to having them stored in centrally located game servers.
  • Gamers get to retail complete ownership of their crypto assets
  • Platform users can easily trade their assets with other gaming fans on the platform
  • Fair gaming powered by the blockchain ecosystem
  • Public transparency when it comes to displaying achievements made by each user. The transparency extends to game ranking, high scores, and in the leaderboards.
  • Users have complete access to the gaming history allowing them to track all their movements from the time they sign up on the platform.

For the developers, they get to:

  • Create games based on the blockchain system without having to learn how it works
  • Receive full node EOS.IO support
  • Receive in-game payments in their digital wallets after every two weeks

Importantly, ITAM Games will provide support for as many cryptocurrencies as possible to ensure that they do not lock out any player.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

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Author: Bitcoin Exchange Guide News Team

Facebook and Instagram Are Having Problem With Fraudulent Libra Scam Ads

Facebook-and-Instagram-Are-Having-Problem-With-Libra-Scam-Ads

Scammers are everywhere and they are just looking for a chance to steal money from people. As soon as Facebook unveiled its new Libra project, several scammers decided that it was a good idea to mimic the project in order to steal money and now Facebook and Instagram are having to deal with the shameless scammers.

According to a recent report made by the Washington Post, there are already over a dozen pages on Facebook which are “promoting” Libra. They are posing as official companies when they are really scams which prey on people who do not know that because they are not very well-informed.

Pages Were Removed Only After The Washington Post’s Article

Curiously, it seemed that Facebook was largely unaware of these pages on its social media networks. The fake Facebook and Instagram accounts were only shut down after the Washington Post report went online.

Facebook’s official stance is that all pages are removed as soon as they are discovered. If Facebook only removes the pages after they are aware of their existence, it means that the pages passed unknown until the report.

Many of these companies were using photos of Mark Zuckerberg (you know, the CEO of Facebook) and the Facebook logo, so it is pretty baffling that it took so long for them to be removed from the social media platforms.

The scams were all pretty obvious for anyone who worked on Facebook since they all tried to mimic the company without permission.

One of the best ones was Buylibracoins.com, which mimics Libra.org. Not only it has a quite legit-looking address as it has a good design. The site offered the users the “chance” to buy Libra tokens using Bitcoin before the tokens are launched. These users would obviously never receive any token, just lose their money.

If Facebook Lets This Kind of Ad Pass, How Can We Trust It?

It is hard to actually trust Facebook when the company is doing such an awful job of weeding out the scammers on its platform. It was expected that Facebook could at least make its own yard be clean. However, that does not seem to be happening at all.

Facebook has a huge network, so how can it prevent Libra to be used on scams? It seems that the company lacks an actual plan on how to deal with all this. This could end up becoming a major obstacle for the company in the future when Libra is launched.

It should also be remembered that it is the fault of the company that this is happening. After lifting its ban on crypto ads, Facebook eased it once more a month before launching the Libra white paper, which is how these companies are getting away with scamming people.

Trust is such an issue that, according to The Next Web’s Hard Fork, it was mentioned 69 times during the recent hearing that the U. S. Senate had with the head of Calibra, David Marcus.

There are many sites capitalizing on Facebook’s project using its own platform. How to solve this huge trust issue? At the moment, nobody knows, not even Facebook.

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Author: Gabriel Machado