Top 5 Blockchain News Of The Day (8TH MARCH, 2018)
Blockchain technology is a catalyst to propel the future of other industries and surprisingly the technology itself has become a multi-billion dollar industry. Here is a list of top blockchain news of the day from Blockchain Magazine which you can’t miss out.
Cryptocurrency and ICO finds a place in Dictionary
Cryptocurrency, after remaining a buzz world for a period of time has finally found its place in Webster’s dictionary, as the dictionary has added words like Cryptocurrency and initial coin offerings to its list including other 800 new entries. Merriam-Webster maintained that the move comes to help clarify “Sometimes perplexing domain” of the digital financial exchanges. The additions come in the wake of digital currency wave throughout the world as the world is taking a keen interest in cryptocurrency, blockchains, ICO’s and likewise. ‘Cryptocurrency’ and ‘blockchain’ has got their own working pages while as ‘initial coin offering’ is missing one yet.
Emilie Choi switches to Coinbase from LinkedIn
The former LinkedIn executive, Emilie Choi was roped in by Coinbase as its vice-president for corporate and business development. The new VP will spearhead Coinbase’s acquisition efforts. Emilie Choi will focus on bringing Coinbase to different markets. Choi comes with vibrant work experience as she has also worked with Warner Bros. Entertainment, Yahoo, etc. Asiff Hirji, president, and COO of Coinbase wrote in his blog that Choi is a perfect fit for the organization as she is already having a reputation as an advocate for the founders when it comes to acquisitions and mergers. Coinbase had also tapped in, Twitter executive Tina Bhatnagar in late January to lead the customer support team.
Here is why Crypto needs to keep Tether in check
The common notion is when one cryptocurrency tanks, rest of the profit. This has been the process until now. But it seems like the entire industry needs to keep an eye on Tether, as if Tether tanks, every cryptocurrency will be in loss. The reason is that the coin is known as ‘Tether’ has become a critical source of liquidity for all the crypto markets. The collapse of ‘Tether’ may result in creating a ripple across the entire market. Tether is also known as the ‘Stable coin,’ and its value is always around one US dollar, swinging across a maximum of $1.10 and a minimum of $0.80.
Next Generation ICO, in collaboration with ‘father of the Jobs Act’
‘The father of jobs Act,’ David Weild IV, is all for Jobs Act 2.0. David, who is the former vice-chairman of NASDAQ, is currently heading an investment banking firm called the Weild and co. holdings. David has been formally advising two blockchain startups, Kochava and Templum. Both of these startups are dealing with Crypto tokens generated out of initial coin offerings. David Weild is taking a keen interest in the blockchain as he advises the startups one of which is planning to launch its own ICO. David is known to have registered his frustration with the process involved in Jobs act, saying the process is based on compromise and collaboration. As an advisor to blockchain based startups, we are pretty sure that a next-generation ICO is in the making.
Russia will use blockchain to protect Presidential exit poll’s data
Polling Research center of Russia will be utilizing blockchain technology to monitor the results of the exit polls for presidential elections to be held in March. According to an official press release, published on March 5, VTSIOM, the Russian Public Opinion Research Center has already partnered with 2chain, a Russian blockchain startup, to implement the technology in official voting. VTSIOM and 2chain are in the process of creating a blockchain database to secure the information collected from the polls. The decision is aimed to thwart DDoS attacks and other cybersecurity threats. Russia will be the pioneer to officially implement the technology to monitor voting processes.