Neobank Juno Raises USD 3M from Polychain Sequoia and Dragonfly

Neobank Juno Raises USD 3M from Polychain, Sequoia and Dragonfly

Juno aims to provide a high-yield account for savings

Juno, a neo banking platform that leverages decentralized digital assets to provide customers a high-yield account for savings, has announced that the completion of a USD $3 million seed round. Investors include prominent firms such as Polychain Capital and Sequoia Capital’s Surge. The platform is set to launch in select markets next year and is taking a radical approach towards creating an open and global financial system for everyone, regardless of location or income.

Banks in developed countries – including the US, Europe, Japan, and Singapore – traditionally offer between 0.01% and 0.10% interest through checking and savings accounts. This interest will be distributed daily and will fluctuate regularly. Clients will also be able to send and receive money anywhere in the world without intermediaries and at no cost. Additionally, the company plans to introduce a debit card with a partner bank in the future. Juno is built on the Ethereum blockchain and uses Nuo protocol for its core functionality. Its main feature is to enable decentralized lending and borrowing of digital assets to earn a high yield on stablecoins such as USDC. Juno is leveraging these assets to build the next generation of global decentralized financial and banking services (DeFi).

Varun Deshpande, co-founder of Juno

“Today, we are excited to unveil Juno – a neo banking platform that aims to provide everyone a high yield account for their savings. Our goal with Juno is to help create an open financial system for the world by providing equal opportunity and access, no matter where you are born or how much you earn. We are also delighted to partner with Polychain Capital, Sequoia Capital’s Surge and Dragonfly Capital on this journey as we build a new age banking platform from the ground up.”

Olaf Carlson-Wee, Managing Member, CIO of Polychain Capital

“We were early supporters of decentralized finance and stablecoin systems, both of which have continued to gain meaningful traction in the market over the past couple of years. We believe Juno is well-positioned to bring decentralized finance to the mainstream with their neo banking platform for digital assets. We are particularly impressed with the team’s focus on simple user experience, unlocking liquidity using smart contracts, and their Asia first strategy.”

Juno was founded in July 2019 by Varun Deshpande, Ratnesh Ray, and Siddharth Verma after creating the Consensys-backed Nuo protocol in 2018. Using Nuo smart contracts, lenders can supply crypto assets and earn daily interest, while borrowers can instantly access credit using their digital assets as collateral. Smart contracts allow for algorithm-driven pricing, disbursals, and collections, ensuring efficiency and transparency. Nuo protocol has grown organically to USD $25 million in deposits and USD $20 million in loans disbursed, making it the most popular DeFi app in Asia.

The founders’ past ventures also include BeeWise, an alternate credit analytics platform acquired in 2017 by Aditya Birla Money. As a serial entrepreneur, Deshpande was the co-founder and CEO of TopTalent, a high-end recruitment platform as well as AVP marketing at Topper, a Fidelity-backed edtech platform in India. He holds a degree from BITS Pilani. Ratnesh Ray graduated from IIIT Allahabad and was the head of data science at TinyOwl, a Sequoia India backed foodtech app. Prior to that, he was a software developer at Toppr, where he helped create personalized tests and social features. Siddharth Verma was part of the early team at Arista Networks where he worked on their flagship product consisting of high-density switches. He was previously a software developer at Cisco and an alum of BITS Pilani.

The seed round also saw the participation of Dragonfly Capital, Consensys Labs, Astarc Ventures, Singapore Angel Network and notable angel investors Balaji S. Srinivasan (Ex-CTO, Coinbase and General Partner, a16z), Amrish Rau, Jitendra Gupta (CEO & MD, PayU India), and Loi Luu (Founder, Kyber Network), Nitin Sharma from Incrypt, Venu Palaparthi (CCO, Dash Financial), Rajesh Chelapurath (President, Ceera Investments), Brian Ma (Founder, Divvy Homes), Sanjay Mehta from Mehta Ventures, and Prashant Malik (Creator of Apache Cassandra).

Article Produced By
Globalcoin

Independent ICO Research and Reporting on the Biggest Cryptocurrency Winners From a Top 10 Crypto News Site

https://globalcoinreport.com/neobank-juno-raises-usd-3m-from-polychain-sequoia-and-dragonfly/

David https://markethive.com/david-ogden

Ripple Explains FUDs Decrease in XRP Sales in Q3 Report

Ripple Explains FUDs, Decrease in XRP Sales in Q3 Report

Ripple Inc. has released its Q3 report, a move geared towards increasing the transparency of XRP ecosystem.

When the digital currency was launched in 2012, nothing more than 100 billion units of XRP was created, but “Ripple was gifted a portion of this XRP,” out of which it sells out to enlarge the XRP ecosystem by investing in ideas capable of reshaping the Ripple ecosystem. In the released report, Ripple stated that it decreased the sales of XRP by 74.5% compared to Q2 sales. This quarter, Ripple sold $66.24 million worth of XRP compared to $251.51 million it sold in Q2. During the last quarter, 3 billion XRP were released out of escrow and 2.30 billion XRP returned back. For now, Ripple is now available on over 140 exchanges worldwide, the report indicated.

During the quarter, Ripple’s investment arm Xpring launched developer platform to strengthen the relationship between developers and entrepreneurs and give them the advantage to build on the XRP Ledger while making use of XRP token. The developer platform is open-sourced and can accommodate the 23 million developers across the globe by giving them the chance to enable payments in any of their innovation. As well, Ripple invested in Logos, Coinme, BRD, and XRP-centric Coil partnered Mozilla and Creative Commons to launch Grant for the Web. Also in Q3, Bitpay and Xpring deals were sealed, and the formal is now supporting XRP, bringing the digital currency to its thousands of customers worldwide.

FUDs Everywhere.

Ripple tagged those making FUDs about XRP are only spreading misinformation purposely to undermine the nascent and innovative idea. It said bot accounts on Twitter are now more active at condemning Ripple’s XRP, and more unique bots are being created every time to do the same. Conversation about Ripple “dumping XRP” and “flooding the market” from bot accounts, increased by 179% quarter over quarter. While Ripple claimed it cannot manipulate the price of XRP, the company pointed that there is no difference between what is obtained in BTC, Ethereum community and XRP community. The same way large holders exist in many crypto community is the same way it

exist in XRP ecosystem.

“We do not see evidence that large holders of XRP are behaving materially differently than BTC or ETH ‘whales’.”

The company pointed that around 49% of conversation alleging Ripple of being involved in XRP price manipulations came from bot accounts.

Article Produced By
Olayode Yusuff

Olayode has made meaningful contributions to Huffington Post, Thrive Global, Oracle Times, The Independent Republic, Forbes, Washinghton Post and a host of other news magazine. He’s a blockchain enthusiast covering news on notable cryptocurrencies and seminars from far and within.

https://newslogical.com/ripple-explains-fuds-decrease-in-xrp-sales-in-q3-report/

David https://markethive.com/david-ogden

Stuart Trusty And Augmented Reality Meets Markethive

Who Is Stuart Trusty?

Stuart Trusty was the original technologist for Alibaba and mentored Jack Ma, the founder of Alibaba. He is a man of many talents with a humanitarian philosophy towards technology and what can be achieved with blockchain and ultimately leveling the playing field for all entrepreneurs without centralized supply chains.

Stuart was the CEO of Linux Labs for many years, an early proponent of mesh networking technologies and operated the 3rd ISP at VBN. He has had numerous high profile technology clients and currently the founder of WorldBit, an Augmented Reality based blockchain eCommerce system.

WorldBit CEO Stuart Trusty said,

"As the e-commerce marketplace has become increasingly tilted to favor large scale producers, the ability of small buyers and sellers to compete in the market has been greatly diminished. WorldBit levels the e-commerce playing field by harnessing the power of blockchain to bring more transparency in a decentralized platform that allows entrepreneurs to compete on equal footing with established businesses."

WorldBit is an immersive AR (Augmented Reality) eCommerce experience for businesses and individuals and offers extended capabilities to legacy ecommerce companies, but without centralized supply chains, excessive fees, or exposure of buyers to risky transactions. It enables merchants, makers, and consumers to engage in legal commerce without the need for banks, middlemen, or a centralized structure.

The WorldBit platform makes every user their own Alibaba, their own leasing company, their own Amazon, their own eBay, their own rental company, and it creates a user family wherein WorldBit functions as a kind of pawnshop wherein the user maintains control over their goods until a transaction is completed in a novel augmented reality environment.

In September Stuart Trusty attended the Wyoming Hackathon where he met with Thomas Prendergast, CEO, and founder of Markethive and it became evident the augmented reality interface could be put to great use within our Storefronts here at Markethive. This serves to create exciting interactive experiences with you as the store owner and the customer.

In an augmented reality setting you can walk out the front of your storefront to greet the customer. These engaging AR displays can enhance your product and marketing campaigns with the next level of personal interaction and excitement that will delight the customer.

This video shows just one short example of a complete augmented reality setting. Imagine standing outside of your storefront! Thomas Prendergast explains it succinctly…

There is no real limit to the way Markethive can build the interface as we move forward with Bee Lancer and the group storefronts that will have this augmented reality built into them.

Conclusion

At Markethive, we have automated and managed advertising and marketing campaigns. We can set up Co-ops and automate members' contributions and shares to any particular campaign. Build contribution blogging among groups and reward activity with a smart rotator. And now looking forward to integrating augmented reality into our Storefronts. This is really the next level!

But it doesn’t end there. Create a massive reach with our WordPress plugin and our SNAP (social network auto poster) Department. Reward your members with waited traffic and leads based upon their engagement within the group. Also, track and monitor 3rd party article submissions and Press releases. Additionally, build backlinks and monitor with Markethive’s exclusive data matrix display tracking system.

Anything you do in Markethive, whether it be to promote Markethive as your business or a completely separate and private business, you are receiving Markethive Coin (MHV) as a reward for your efforts. Now is the time to accumulate as much coin as you can and be ready for the launch of our wallet. Think about becoming an Entrepreneur 1 Upgrade as it will be the last thing you ever need to do to secure your future.

Be sure to attend the Markethive weekly meetings held on Sundays at 10 am Mountain Time to hear all the latest news and updates from CEO Thomas Prendergast and CTO Douglas Yates. The link to the Zoom Room can be found in the calendar on the home page at Markethive.

Deb Williams

A Crypto/Blockchain enthusiast and a strong advocate for technology, progress, and freedom of speech. I embrace "change" with a passion and my purpose in life is to help people understand, accept and move forward with enthusiasm to achieve their goals.

David https://markethive.com/david-ogden

V SYSTEMS and X-VPN Revamp TCPIP to Launch Blockchain-Powered Internet Protocol

V SYSTEMS and X-VPN Revamp TCP/IP to Launch Blockchain-Powered Internet Protocol

X-VPN and V SYSTEMS have co-launched a decentralized internet protocol called Tachyon that offers vast improvements on the current TCP/IP protocol.

V SYSTEMS and X-VPN have co-launched Tachyon, a blockchain-powered internet protocol.

X-VPN is a leading VPN service that boasts 50 million active users, with its mobile app ranking among the top 20 globally on both Google Play and the Apple App Store. V SYSTEMS is a blockchain database project led by Sunny King, the inventor of Proof-of-Stake (PoS).

Building a Decentralized Internet Protocol

The two companies teamed up to build Tachyon, the next-generation decentralized internet protocol, by revamping TCP/IP with blockchain technology and other peer-to-peer (P2P) technologies. The move takes V SYSTEMS’ closer to its goal of creating a borderless internet that ensures security and privacy for users, and advanced network performance. V SYSTEMS also plans to build a Decentralized Finance (DeFi) ecosystem that hosts a wide range of DeFi apps. Tachyon will provide a “fundamental layer of decentralized information infrastructure” that is needed to support the fast and efficient development of DeFi applications. Tachyon will also take advantage of X-VPN’s huge existing user base to help it become a leading decentralized internet platform.

The Need For a Next Generation TCP/IP

Transmission Control Protocol/Internet Protocol (TCP/IP) is a suite of protocols that computers use when communicating over a network, such as the internet. After 36 years of use, TCP/IP-based internet communication is now starting to fail in meeting the demands of internet users. Tachyon states that there is an increasing demand for security, trust, speed, privacy, and stability, but the current vulnerabilities TCP/IP has makes it fall short in providing this. This has been proven by the deterioration of cybersecurity, with an increasing amount of significant incidents occurring over the last ten years. This includes malware attacks like “VPNFilter,” which infected more than 500,000 routers globally, and data breaches like at Yahoo! where 3 billion user accounts were compromised.

The erosion of privacy is also considered a problem, with huge state-sponsored surveillance organizations such as the NSA and GCHQ, and global intelligence alliances such as Five Eyes, collecting and sharing vast amounts of internet users personal information. The Tachyon Protocol hopes to overcome the current shortcomings of TCP/IP by combining proven P2P technologies, such as blockchain, UDP, DHT, and encryption. Next-generation infrastructure like this could help to facilitate the rise of Web 3.0, decentralized applications, and IoT. Tachyon states that in the future, it expects other blockchains to adopt its protocol and apply “its capabilities in DeFi, gaming, internet surfing, instant communication, data distributing, and other areas.”

Article Produced By
Darren Brazer

Managing Editor, Tech Journalist, and Financial Market Analyst. Darren has over four years of experience as a market commentator and two as a journalist. As Darren's experience in the blockchain industry has grown, so has his ability to spot stories, build industry contacts, and maintain a factually accurate standard of reporting. Darren started at [blokt] as a journalist, and due to his incredible attention to detail, he progressed to an Editor position. This was followed shortly after by his promotion to the Managing Editor position. He is responsible for maintaining our editorial process and guidelines for journalists, and for ensuring our editorial policy demands high professional and ethical standards from our writers.

https://blokt.com/news/v-systems-and-x-vpn-revamp-tcp-ip-to-launch-blockchain-powered-internet-protocol

David https://markethive.com/david-ogden

Monero Interview: Shedding Light on the Coming 015 Upgrade and RandomX

Monero Interview: Shedding Light on the Coming 0.15 Upgrade and RandomX

On Tuesday, October 1st, Justin Ehrenhofer, the Monero Community Workgroup Organizer, discussed the coming Monero 0.15 update and RandomX in an exclusive interview with Blokt.com.

Monero, a leading privacy coin and top twenty cryptocurrency by market cap,

is due to have one of its two scheduled upgrades this month. Monero 0.15 will bring it with it some new security and privacy features, a new proof-of-work algorithm called RandomX, and other changes. I spoke to Justin Ehrenhofer, the Monero Community Workgroup organizer, to shed light on the new update, RandomX, and other developments occurring at Monero.

The interview went as follows:

The Monero 0.15 software update is coming this month, could you tell us about that?

Monero 0.15 is one of Monero’s scheduled upgrades that happen twice annually. It contains new privacy and security features, more refined code, and a better GUI user experience. New users will now connect to the network in a more decentralized manner, and they will have the option of connecting with an effective anonymizing network (i2p). Users can now easily connect to Monero nodes that are run behind firewalls, such as school or apartment connections. These changes substantially will improve the robustness of the Monero network. The largest change is RandomX, a new take on ASIC-resistance. While the long-term effectiveness of RandomX is yet to be seen, a tremendous amount of effort has gone into designing, developing, testing, and auditing the new mining algorithm. This algorithm is the strongest effort to-date to prevent ASICs from dominating the Monero network.

What is RandomX, and why is it being implemented?

RandomX is a new Proof of Work (PoW) algorithm that is optimized for general-purpose CPUs. The idea is over a year in the making and relies on random code execution that is difficult for specialized hardware to manipulate. RandomX isn’t meant to be “ASIC-proof,” but it hopes to close the efficiency gap so significantly that other financial factors discourage significant network control. ASIC manufacturers’ small efficiency gains must be compared to the lost financial option to sell used generic hardware, for instance. In a volatile market, the flexibility of CPUs in particular shine.

The Monero community rigorously discussed the best paths forward for this update. For two of the last three updates, Monero’s proof of work tweaks were easily incorporated by ASIC manufacturers, who dominated the network in just a few months. RandomX is a significantly more aggressive change than a tweak to CryptoNight, Monero’s current base algorithm. Presented with RandomX and ASIC-friendly algorithms as options to adopt for this update, the community decided that RandomX better retained Monero’s long-standing principles. Hopefully this remains the situation for a long time.

Can you tell us about the coming Tor and i2p improvements?

Tor and i2p allow users to better conceal their network metadata, such as their IP address, from other Monero users. The Monero CLI supports Tor and i2p. The GUI supports i2p. The GUI now works well with Tails, a privacy-focused operating system. While network metadata isn’t the only piece of information to worry about protecting, users can now easily defend against network surveillance and adversaries that attempt to correlate user IP addresses with transactions.

What are the regulatory challenges Monero faces? How will these be dealt with?

Monero is a decentralized project in an ever-changing regulatory landscape. It is supported on many US-regulated exchanges and other cryptocurrency exchanges abroad. I believe that Monero faces more of a perception problem than anything else. Conservative exchanges and services may avoid Monero if they lack the resources to justify their compliance decisions. Nevertheless, I’m optimistic that the importance of privacy is better understood now by the public than it was when Monero launched in 2014. Monero is also a much healthier project with hundreds of contributors who want to do good.

How can people stay up-to-date on the latest developments in the Monero ecosystem?

Users should subscribe to the [Monero-announce mailing list](https://lists.getmonero.org/postorius/lists/monero-announce.lists.getmonero.org/) at the bare minimum to learn about network updates. Beyond that, they can watch the monthly [Coffee Chats](https://youtube.com/c/monerocommunityworkgroup) or join the biweekly [community workgroup meetings](https://reddit.com/r/MoneroCommunity). Developers can follow projects on GitHub and join the biweekly developer meetings in #monero-dev.

The second edition of Mastering Monero is coming soon, can you tell us about the book?

Mastering Monero is a free, community-contributed resource that introduces readers to many of the idealistic and technical concepts of Monero. You can get print and digital copies from https://masteringmonero.com. The second edition is still in the early stages.

What might we see happen in the Monero ecosystem over the next 12 months?

As far as major protocol changes are concerned, keep an eye on ring signature upgrades. Omniring, Lelantus, and RingCT 3.0 offer alternative ways to improve Monero’s privacy and efficiency, though these still need further evaluation before being used in production. On the community side, I hope that the decision-making process is more formalized and accessible to newcomers. There are talks of the next Monero Konferenco in Europe, and Monero will hopefully have its own village at Defcon again next August.

Article Produced By
Darren Brazer

Managing Editor, Tech Journalist, and Financial Market Analyst. Darren has over four years of experience as a market commentator and two as a journalist. As Darren's experience in the blockchain industry has grown, so has his ability to spot stories, build industry contacts, and maintain a factually accurate standard of reporting.Darren started at [blokt] as a journalist, and due to his incredible attention to detail, he progressed to an Editor position. This was followed shortly after by his promotion to the Managing Editor position. He is responsible for maintaining our editorial process and guidelines for journalists, and for ensuring our editorial policy demands high professional and ethical standards from our writers.

https://blokt.com/news/monero-interview-shedding-light-on-the-coming-0-15-upgrade-and-randomx

David https://markethive.com/david-ogden

Telegram to Delay TON GRAM Token Launch for Spring of 2020

Telegram to Delay TON (GRAM) Token Launch for Spring of 2020

Ahead of a US Securities and Exchange Commission court hearing, the Telegram team decided to delay the actual token launch.

Telegram may want the least complications in its upcoming hearing with the Securities and Exchange Commission.

For that reason, the project sent out a message to ICO participants, stating the distribution of TON tokens would be delayed at least until April 2020. At this point, the token distribution may give the SEC more grounds to state that Telegram will distribute an

unregistered security via exchanges.

“Telegram never held a public ICO and instead raised funds directly from 171 private investors, each of whom were verified as "professional clients," meaning that they have sufficient wealth to avoid the usual level of protection provided by the SEC. Nevertheless, the government claims that the distribution of those tokens itself should be considered as a public offering of securities, even though Gram tokens are clearly meant to be used as money and not as shares in the Telegram app,” commented Mati Greenspan, senior market analyst at eToro.

The SEC called for a court order to halt the activity of the Telegram token-based project, based on claims that the TON digital asset was an unregistered security. Currently, large-scale ICO backers still hold onto the tokens, with only a small-scale secondary market on derivatives

based on TON (GRAM) tokens.

The SEC's move to shut down Telegram's crypto project raises questions about the big venture capital firms that gave it $1.7 billion and convinced themselves that it would pass regulatory muster. That includes Benchmark, Sequoia and Lightspeed.

The Telegram ICO, which reportedly gathered the equivalent of $1.7 billion, did not go through a crowdsale, which may diminish the impact of the SEC action. Unfortunately, all backers had to wait for more than a year until the token launch. The SEC announced its decision to block the token project just two weeks before the tokens were supposed to be unlocked for trading. The Telegram ICO was supposed to be an event to boost the performance of the altcoin market, with a long-awaited asset that also has a strong use case within the Telegram ecosystem. Unfortunately, the announcement that the token sale was illegal broke down optimism further. The GRAM token was also supposed to be another instance of using a digital asset within a well-established product, the Telegram chat app. Unfortunately, the launch is not going to be used as a gauge on the potential success of Facebook’s Libra. In the past, multiple projects tried and failed to link mainstream chat products with a token. The Status Network project did not have an appealing chat product, and Kik saw

its token attacked by the SEC as well.

The SEC's move to shut down Telegram's crypto project raises questions about the big venture capital firms that gave it $1.7 billion and convinced themselves that it would pass regulatory muster. That includes Benchmark, Sequoia and Lightspeed.

The Telegram ICO, which reportedly gathered the equivalent of $1.7 billion, did not go through a crowdsale, which may diminish the impact of the SEC action. Unfortunately, all backers had to wait for more than a year until the token launch. The SEC announced its decision to block the token project just two weeks before the tokens were supposed to be unlocked for trading.

The Telegram ICO was supposed to be an event to boost the performance of the altcoin market, with a long-awaited asset that also has a strong use case within the Telegram ecosystem. Unfortunately, the announcement that the token sale was illegal broke down optimism further. The GRAM token was also supposed to be another instance of using a digital asset within a well-established product, the Telegram chat app. Unfortunately, the launch is not going to be used as a gauge on the potential success of Facebook’s Libra. In the past, multiple projects tried and failed to link mainstream chat products with a token. The Status Network project did not have an appealing chat product, and Kik saw its token attacked by the SEC as well.

Article Produced By
Christine Masters

Business writer with a knack for bubbles and market madness. Has tracked it all: the financial crisis of 2008 and the implosion of Lehman Brothers; bank bailouts and peak gold and silver, penny stocks…and now Christine has moved to cryptocurrencies for fresh stories.

https://cryptovest.com/news/telegram-to-delay-ton-gram-token-launch-for-spring-of-2020/

David https://markethive.com/david-ogden

Defiant John McAfee – Disruption For The Sake Of Evolution

Computer scientist and cybersecurity mogul is an ardent critic of government administration and traditional elites and not afraid to speak out, he broadcasts his values, opinions, and feelings on a daily basis on his Twitter feed. He is avidly supportive of the crypto/blockchain revolution and staunchly advocates the use of crypto and blockchain technology. McAfee fervently implores society to “wake up” and be mindful of the control and interference of government institutions and big tech.

Taking his standpoint further John McAfee recently tweeted that people must decide on Blockchain, as it is a technology of the people and for the people. He wrote, “Do we bow to the corrupt we are trying to escape, or do we do the right thing for our species”

McAfee and many more who share his stance believe that the industry must remain in the hands of the common people, and should not ever be in the control of the administration. Advocates of distributed decentralized ledgers have constantly stated that the blockchain could completely liberate society from the clutches of the government and assist us in taking control of our lives.

McAfee also stated,
“From 1920 until 1933 alcohol was prohibited in America. The prohibition was abandoned because no one stopped drinking. World governments are close to prohibiting crypto. They can expect the same result.”

John McAfee’s New DEX

John McAfee, an “on the run” US presidential candidate 2020 among many other things has just launched his very own decentralized exchange (DEX) that runs on the Ethereum blockchain. The platform requires no name, no documents, no email, and no bank info. So it’s basically doing without the widely used know your customer (KYC) policy. This is reported to be all set to disrupt the industry.

Also, according to reports, nothing on the McAfee DEX will be monitored by any kind of authoritative body and there will be no restrictions, no complex compliance procedures, and no listing fees either. The platform will charge a trading fee which will be minimal.

Image credit news.u.today

In addition, he announced that DEX would have shared liquidity, which means that all the portals would have access to all maker/taker information coming through from every other portal on the platform and the McAfee DEX portal.

McAfee’s approach has a unique element. It’s offering the creation of portals, or copies of the DEX, with access points to the trading smart contracts. This way, the DEX will be theoretically accessible from multiple hosts and locations – hence censorship-free.

McAfee has been quite vocal that he dislikes the concept of the traditional, centralized financial system as he believes they are at risk of shutting down at any given moment by regulators thus leaving customers high and dry. Alternatively, decentralized platforms cannot be closed down just by anyone due to their intrinsic architecture as they are not controlled by any single party.

Obviously, John McAfee’s moves and activities have been targeted by the United States government. McAfee had constantly claimed he’s been targeted for being truthful and his criticism of the present government which he aspires to take over from.

The Beta version of the decentralized cryptocurrency exchange has already been launched. So if he had bothered about the threat of the SEC, he wouldn’t have launched it in the first place. But to give his followers the assurance that his mission can’t be jeopardized by SEC, he shared a tweet for better clarification.

In the tweet, McAfee was optimistic that SEC will move to shut down Mcafeedex.com, but the technology that controls the system will make it an impossible mission.

He is still in hot pursuit and wanted by quite a few American agencies for criminal charges such as tax evasion and money laundering. He has also claimed that the CIA is after him which has forced him to keep shifting his bases, last known to be living on a boat in international waters. Many of his followers are asking him if he is still running for POTUS. He had this to say…

McAfee is still resolute about his far-fetched prediction of $1 million for Bitcoin by Dec. 31st, 2020, despite the criticisms and time frame left. He also publically stated back in 2017, he would eat his manhood on national television if Bitcoin didn’t reach his prediction which he says is not wishful thinking but an objective reality. There is almost a cult following holding him to his bet and a website has been set up counting down the time. Now it’s just a matter of waiting for either Bitcoin to reach $1 million or the “McAfee Show” carrying out his declaration which I’m sure will top ratings. (humor)

David Ogden Markethive

David Ogden

David https://markethive.com/david-ogden

Ford Uses Blockchain Technology to Track Its Green Miles Project

In yet another innovative application of blockchain,

American automaker Ford has decided to use open ledger technology along with geofencing techniques to track the distance covered by its energy-efficient vehicles. The company has given the name “Green Miles” to this project. Ford has announced the expansion of its pilot project involving plug-in hybrid electric vehicle (PHEV) to Cologne (Germany). The Pilot project is currently running in Europe, and the company is analyzing the various kinds of benefits realized owing to the use of PHEV. The areas in which Ford is tracking the benefits primarily include the improvement in the air quality (environment) and the difference it makes in the life of the owners of the vehicles. During this expansion phase, one Tourneo Custom Plug-In Hybrid people mover and nine Ford Transit Custom Plug-In Hybrid vans will be inducted.

Blockchain Role

All the metadata related to emissions will be recorded on the blockchain, which will be then be used to find whether these PHEV have made some significant differences in improving the quality of the environment and life of the customers or not. Mark Harvey, director, Commercial Vehicle Mobility, Ford of Europe, said that the company is committed to the goals of sustainability and environment protection, and by expanding the operational scope of this project, Ford is confident of achieving its goal of providing cleaner air quality to citizens.

So that you know, many cities in Europe are introducing stricter emission norms to help cut the menace of air pollution and rapidly degrading environment quality. Ford is quite confident that by combining the prowess of blockchain and geofencing, it is going to achieve its goals on the sustainability front. Gunnar Herrmann, chairman of the management board, Ford-Werke GmbH, said that the blockchain technology used by the company in Cologne is very secure and its ability to provide tamper-proof data will help them to have a genuine record of emissions data related to these PHEV. That, in turn, will prove beneficial as all the stakeholders will have genuine data to further work upon.

Article Produced By
Scott Cook

Scott Cook got into crypto world since 2010. He has worked as a news writer for three years in some of the foremost publications. He recently joined our team as a crypto news writer. He regularly contributes latest happenings of crypto industry. In addition to that, he is very good at technical analysis.

https://www.cryptonewsz.com/ford-uses-blockchain-technology-to-track-its-green-miles-project/46309/

David https://markethive.com/david-ogden

Nasdaq Includes AI-Powered Index CIX100 in its Top 100 Coins

Nasdaq, the 2nd biggest stock exchange in the world,

has listed the well-known cryptocurrency data provider Cryptoindex’s CIX100 index powered by Artificial Intelligence. The update was shared through an official press release dated October 15, 2019.

A cryptocurrency market benchmark

CIX100 has become a benchmark in the cryptocurrency market as it utilizes an algorithm based on a neural network for analyzing data for the topmost 100 digital currencies. The index analyzes and filters the crypto data after considering more than 200 factors. In addition to that, it apparently employs an exclusive formula that is designed in such a way that all the coins with forged rankings and volumes get excluded. The tool is human-free and is targeted at both the professional investors and new entrants in the industry.

As the press release notes, this AI-powered index derives data from 9 biggest digital currency exchanges from across the world. It also considers trade results, data from social media, as well as news releases. Moreover, only those coins that have succeeded in finding a place in the top 200 consistently for a minimum of 3 consecutive months get added in the index, which is rebalanced every month. It is vital to note that prior to the Nasdaq listing, Cryptoindex CIX100 got listed on TradingView, Bloomberg, and Reuters. Apparently, it has also gained over 1100 percent since its formation in the month of May 2017. The data aggregator’s AI-powered price predictions are 82 percent accurate on a daily average.

The firm seems to be excited to have acquired a listing on Nasdaq, which they believe would place them as a prime crypto indices player. Austin Kimm, Cryptoindex’s advisor, expressed that the team was honored with this listing since Nasdaq is considered an important platform when it comes to monitoring classical indices for the institutional investors. Adding further, Kimm said that their firm’s methodology not only meets the requirements of extremely regulated asset managers but also of professional and institutional investors.

Article Produced By
David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

https://www.cryptonewsz.com/nasdaq-includes-ai-powered-index-cix100-in-its-top-100-coins/46332/

David https://markethive.com/david-ogden

The Perth Mint Issues a Digital Token Backed by Physical Gold Reserves

TheMerkle Hive Drops Gold Mining Cryptocurrency

The issuance of new digital currencies has almost become a given in this day and age.

Not all of these currencies are linked to companies active in the world of blockchain and cryptocurrency. The Perth Mint Gold Token is a good example. It is issued by a recognized financial institution and aims to revolutionize payments.

Back to the Gold Standard?

It is somewhat remarkable to see so many companies and service providers show a desire to go back to a form of money tied to physical gold. Although the gold standard was removed from the equation many decades ago, there appears to be a chance it will make a comeback. Whether that will be through digital currencies or other means, remains to be determined. For the Perth Mint, a digital currency is seemingly the way to go. Earlier this week, the institution introduced its own currency, known as the Perth Mint Gold Token. It may not be the catchiest name by any means, but it does serve a purpose. This currency is tied directly to a real commodity in the form of gold. Those god reserves are located in a physical vault owned by the Perth Mint. It is a sensible business model, and one that may help put digital currencies on the map as a whole.

What is its use?

There are several reasons as to why the Perth Mint decided to take this course of action. Although the trading of gold has been going on in physical form for some time now, it is not all that easy to trade it in a digital format. Several service providers exist, but it seems investors and traders have waited for a legally recognized entity to get in on the action. The Perth Mint is a major institution in Australia, thus their venture will undoubtedly attract a lot of attention. Clients who use the Perth Mint Gold Token can exchange it to cash through a mobile application. The mint also confirms the value of the currency will be certified. Users can have the physical product – i.e. the gold linked to this digital currency – delivered to their door for safekeeping. In doing so, the Mint instills a lot of trust, as the user is not reliant on their vault to move money around. All of the tokens are tracked using a proprietary blockchain, which will allow for instantaneous transactions between users at all times.

An Interesting Venture

Regardless of how one feels about this new digital currency, it sends an interesting signal to the financial sector. Gold often gains popularity during times of financial instability and looming recession. It is no coincidence the Perth Mint decides to embark on this journey at this exact moment. There has been plenty of volatility across all financial markets, and investors have flocked to gold as a result. By digitizing this commodity, it suddenly becomes a lot more accessible for everyone to get their hands on bullion, at least in Australia.

Article Produced By
JP Buntinx

https://themerkle.com/the-perth-mint-issues-a-digital-token-backed-by-physical-gold-reserves/

David https://markethive.com/david-ogden