Coinbase, Binance and more in the News fast

Coinbase says that Bitcoin is closer to gold digital

In a storm of tweets to promote a blog post that was published on the 7th of February, Coinbase, covered the key reasons why the reduction to the half and the subsequent supply rate will consolidate even more the link. Since we broke the gold standard in 1971, the value of the dollar has decreased and the value of gold, in dollars, has increased by over 4000%. The gold has more value than metals such as copper due to its relative scarcity and difficulty of acquisition. Coinbase suggests that Bitcoin has been designed to be scarce as gold, and is artificially difficult to acquire through the process of proof of work mining. However, it also has an advantage over the gold to be transferred through a communications channel. Coinbase concluded: “Armed with a myriad of technological advantages, accelerating the development and maturing of the global marketplace, Bitcoin is a store of value to rival the gold in the digital age”.

FUZAMEI launches platform tracking Blockchain

The startup china FUZAMEI has launched a platform based on blockchain-focused philanthropy for the tracking and management of data. Dubbed the “33 Charity”, the platform is designed to increase the transparency and efficiency of the internal processes of enterprises, including charitable organizations, according to a press release published on 7 February. The platform seems to be a shared network where organizations can register, store, and manage information about individuals. Donors and recipients can make requests with your own names, while medical institutions can apply for certificates of authority through the agencies of authentication of identity to obtain signatures. The CA certificates contain information about an entity or person, including your name, contact details, public key and expiration date of the certificate. These certificates help to verify identities and link them to pairs of cryptographic keys with digital certificates.

Binance cloud will launch in 10 days

In a wide-ranging questionnaire of questions (AMA) on 7 February, the CEO of Binance, Changpeng Zhao, announced big plans for the exchange of cryptocurrencies in 2020. One of the most imminent and least explained was the arrival hinted at a new product called Binance Cloud, which according to reports will be released in the next 10 days. Not explained exactly what that could imply Binance Cloud, because Zhao remained tight-lipped during the AMA. However, the company today is announcing a senior engineer cloud to join the engineering team and cloud architecture. The position describes “computer systems massively parallel and highly available large-scale platform for advanced Cloud Computing”, and requires someone that can “improve, scale, and automate this architecture business-critical cloud-based”. The way in which this translates into a product of consumption is still not clear, but apparently the answer is only a few days. Zhao followed the LOVES tweeting a GIF of some clouds, in order to increase the speculation.

London Block Exchange placed in liquidation compulsory

The company, formerly known as the London Block Exchange (LBX), which faced a lawsuit from one of its creditors, is being wound up. Known as Dragon Payments Ltd. since July, the firm announced Thursday that it had been placed into liquidation compulsory on the 31st of January. Paul Cooper and Paul Appleton of David Rubin & Partners were appointed joint liquidators earlier this week by the Secretary of State of the United Kingdom for business. In a statement that now has been replaced completely your web site, the company said: “The Joint Liquidators and their team are working to resolve the concerns of customers, including the recovery of the amounts due, as a matter of priority”. LBX launched in 2017 after raising more than £ 2 million (approximately $ 2.6 million) from investors, according to Business Insider. Initially the company had planned to issue prepaid cards that allow users to buy with cryptocurrencies, but in 2018 it became a exchange mobile for investors in the United Kingdom. The following two tabs change content below. Venezuelan, student of the last semester of Social Communication. Attracted by the new technologies and the development that they offer to humanity.

Did you like the content? Share it

Cryptocurrency Market