📱 Oct 1, 2018: Huobi launches social network, Binance's DEX to be released during 1st Q of 2019, Tether is near to lose a contract with serving bank: and more
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📌 Huobi Chat is coming soon
Huobi Global, cryptocurrency exchange has launched a beta version of Huobi Chat - the new social network where users can earn HCT tokens
Social networks are one of the most actively developing parts of the Network. At the same time, blockchain products could be presented there more widely, but now the few revealed encrypted spaces aggregate not so many users as popular messengers and web platforms do.
Huobi Global reports that it has launched a beta version of the social network called Huobi Chat, with 1,270 active users now. So, isn't it a solution? So far, access to the service is not public, but it is likely that very soon, as the team says, we will get a new service that could combine the idea of blockchain encryption and virtual self-presentation.
- The platform uses the principle of "socialization is mining", which means the introduction of Huobi Chat Token (HCT) currency. This token can be obtained simply due to Huobi Chat use.
Huobi is on the wave? More recently, there have been further charges against Facebook about the leakage of data that were associated with network problems. Of course, blockchain may also suffer from the specific types of attacks, however, on an intuitive level, Huobi is going to solve a number of social networking problems that also involve the use of consensus mechanisms.
📌 Tether's servicing bank is threatened with closure
Noble Bank (Puerto Rico), which is probably serving accounts of Tether Ltd. and Bitfinex, faced a lack of funding - it may lead to the company's closure
Modern Consensus refer to its private sources, revealing the problems in the relationship between Tether and Noble Bank; as it became known, due to a lack of financing (caused by the drifting cryptocurrency market), the company is threatened with closure, and Tether and Bitfinex may probably transfer their accounts to another service. At first glance, there is nothing serious, because Tether has already changed its partners. (Earlier Wells Fargo has stopped servicing Tether).
But, the tension around the USDT is only growing. It is likely that more newcomers would prefer another stablecoins if the further negative about Tether continue to spread. As for the situation with Noble Bank, it is likely that they are requesting additional funding:
"If Noble doesn’t get cash soon, they will only have a few days left"
Another detail in this matter is that companies can not make a contact with each other. Anonymous sources claim that there was no correct response from Tether, actually: [We reached out to Noble Bank for comment but have yet to hear back. Check here again for updates].
📌 Chinese billionaire and BitFund founder Li Xiaolai says he is done with blockchain investing
Li Xiaolai, the popular figure in the Chinese crypto society, seems to leave the blockchain startup market. Rationalism or a decision taken from the outside?
The recent statement of one of the largest Bitcoin holders in China, Li Xiaoli caused a controversial reaction in the crypto community. According to his words, Xiaoli no longer intends to invest in blockchain-related projects.
>«From this day on, I, Li Xiaolai, will personally not invest in any projects (whether it is blockchain or early stage). So, if you see ‘Li Xiaolai’ associated with any project (I have been associated with countless projects without my knowledge, 99% is not an exaggeration), just ignore it.»
quote: source
The investor said that the next 2 years of his life will be associated with the revision of his career. And, probably, so far the blockchain startups won't be a part of millionaire's future activities. Li also warned that any project that will use his name, by default, can be considered as fraudulent.
A part of the community can probably assume that this decision can be provoked from outside because Bitcoin and the Chinese name cannot be popularized together at such a high level (the Chinese crypto ban). But, the decision of a businessman is basically rational, as we can imagine: the market of digital assets and projects associated with them is still unsettled, it does not find the clear response from the regulators and extremely volatile.
📌 BitMEX Research: ICOs have already sold almost as much US$ worth of Ethereum as they initially raised
Ethereum has experienced a massive sell-off, but it wasn't the problem for the projects, Bitmex researchers said. ICOs have already sold crypto and earned $830 million
Ethereum's fall below $200 can be considered a key point on the timeline of ICO's massive sell-off. The project's economy is mostly built on the participation of third parties, which start token sale process and exchange their tokens for ETH currency. When the market entered the recession, many noticed that this could be the end of ETH and ICO funding in general. But, Bitmex argues that this issue is not so simple and that it is worthwhile to look at the figures to understand the whole picture:
«We conclude that the ICO treasury accounts have a much lower level of posure to the price of Ethereum than many may have thought. The ICO projects or project teams essentially made out like bandits, at least with respect to the Ethereum they raised.
As a tool to raise funds, the ICOs have clearly been a phenomenal success, to such an extent that even a further significant fall in the value of Ethereum will barely make a dent into the success».
Bitmex and TokenAnalyst researches have studied 222 ICO projects since September 2017, and re-thinked the correlation of their profits with the ETH price. Now ICO holds about 25% of attracted ETH, but they have already made profitable sales and received $830 million. And losses of projects, basically, have entered into a category of the «unrealized profits». That`s maybe why it is too early to talk about the end of ICOs due to the collapse of the Ethereum price.
📌 Ubisoft joins the Blockchain Game Alliance
Ubisoft, Fig and other companies formed the Blockchain Game Alliance to promote games created on the basis of distributed technology
During the latest Blockchain Game Summit in France, several companies at once have announced the creation of an association which goal is to create and advertise games created using this technology. Ultra, EverdreamSoft (the developer of the first blockchain game "Spells of Genesis"), Alto, Gimli, Enjin, B2Expand and ConsenSys also became enthusiasts in this area.
«Our ultimate goal is to help spread the integration of Blockchain by developing common standards and best practices.»
source: http://blockchaingamealliance.org/
Blockchain Game Alliance will also launch a forum for participants of the new gaming industry. As we can understand, Ubisoft would also present the new product in the near future, which could contain separate gaming services based on a distributed network or a product that is completely dependent on the blockchain. But, this is only an assumption.
📌 Russian Rosatom, the State Atomic Energy Corporation is soon to use blockchain in production processes
One of the largest state-owned companies, Rosatom, plans to introduce blockchain solutions, IoT and AI into its production processes
According to reports from the official newspaper of the company, Rosatom will develop "advanced" digital projects, related to the modern technological areas, one of which is blockchain. This was stated by the head of the Rosatom department of information technologies, Evgeny Abakumov.
Abakumov said that it is necessary to focus on three areas: overcoming interdivisional barriers (probably, data exchanging between certain parts of Rosatom in the country). Integration of these parts into the general system of Rosatom was named as the 2nd priority. And, as a conclusion, the representative added that the introduction of '4.0 technologies" is also the company's top priority.
Until now, a significant part of nuclear technology is state-owned and belongs to the military industry of countries. At the same time, nuclear energy is also called upon to replace inefficient and non-renewable sources, which are used both in the residential sector and in manufacturing, mostly. However, nuclear energy still leaves a lot of questions about ecology and safety for people and nature.
📌 More updates
- Binance will launch the decentralized exchange in the 1st quarter of 2019.
- Yoroi web-wallet for Cardano has been released on the mainnet.
- Update: users now can send and receive IOTA by using e-mail addresses only.
