This article was originally posted on Ethereum World News – an independent news provider covereing Ethereum, Bitcoin, Ripple, Litecoin dApps, start-off ICO’s and the whole Blockchain Ecosystem. For more follow the link below.
Jerry Yang, the Taiwanese-American co-founder of Yahoo, says, despite crypto hype having yet to turn into reality, that blockchain and finance are a natural fit, according to comments first reported by Finews Asia.
Yang was speaking at the Nikkei Innovation Asia Forum held in Singapore on Thursday, where he took part in a discussion entitled Rising Tides of Innovation in Asia.
But before blockchain can secure the necessary adoption traction, paradoxically, given the technology gave wing to the word “trustless”, Yang says it first needs to build trust.
Although in the reported remarks he did not explicitly explain who needs to trust who, given his observations in an earlier session at the same conference – in which he expounded on what he considers to be the three-sided clash between China and the US in the interrelated spheres of geopolitical hegemony, trade and technology – the trust presumably needs to be established not just with individual consumers or within and between corporations, but between states too.
“Blockchain is a natural technology for banks and trading. If you look at U.S. institutions and banks, the kind of infrastructure that is being developed has long-term implications. For the technology to succeed, the question is can there be trust built? That can open a huge number of doors,” Yang predicted.
Clearly, the starting point for that trust has to be at the level of individual corporations but, as the multiple consortia attests, interoperability and industry-wide standards means that development in isolation eventually has to break out into collaboration between competitors. Those sorts of relationships require trust of an old-fashioned sort, likely cemented by financial incentives and disincentives.
When trust breaks down
Think about the days past, when Google’s Eric Schmidt sat on Apple’s board happily soaking up the plans for the iPhone only for Google to work on an operating system for a similar as yet, at the time, unbuilt touch screen-based device. It’s why Steve Jobs called Android “a stolen product” and trust between the two tech giants broke down.
Schmidt joined the Apple board in 2016, a year before the iPhone was launched, and Apple probably still deeply regrets the appointment.
It is fair to say that one of the drags on the pilots that big banks have been involved in coming to fruition as working products, is the difficulties of agreeing practices and standards between rivals with different legacy infrastructure and levels of technological prowess.
Staying with the trust theme, Yang added: “For applications to get implemented successfully, trust must first be built.”
However, once the trust problem is overcome – a problem that distills into a mixture of confidence in the technology and trust in the ability of competitors and states to cooperate for mutual benefit, then the technology will see lift-off.
“With trust, huge opportunities for the mass adoptions of blockchain will be realized,” Yang concludes.
Geopolitics, trade, tech… and blockchain
Speaking at an earlier session, Yang said he saw both positives and negatives coming out of the competitive rivalry between the US and China, a tussle he doesn’t see ending soon.
“It continues to be the accelerator, both for the greater good, and for greater division. There needs to be some sort of mutual assurance and trust, which seems to be deteriorating.”
The unintended consequence of the fight the Trump administration has picked with China is that it will encourage the Chinese Communist Party to double-down on seeking leadership in the technology realm.
Although Yang framed his comments in the context of the US financial industry, blockchain is identified by China as one of the key technologies in its Fourth Industrial Revolution plan, with application way beyond just banks and trading. Indeed, China seems to see those as perhaps the least important sectors, although its big tech companies do have a head-start in areas such as mobile payments.
Blockchain is one of the technologies that China is probably the most confident in establishing a lead over the US, as are the domains of artificial intelligence, internet-of-things and smart cities.
To put it succinctly, it could be argued that China doesn’t have the same problem with ‘trust’ that the West has regarding blockchain adoption, because it can direct the economy from above (up to a point), forcing standards on industries, if it so wishes.
Certainly, some of those emerging standards may appear to thwart distributed ledger development but that is a general misinterpretation by westerners. China has banned exchanges and ICOs not because it wants to kill blockchain. On the contrary, it wants full spectrum control in order to spur development for economic gain not individual empowerment.
The natural fit with finance
Regarding the natural fit with the world of finance, it looks increasing likely that the most successful financial applications will initially be in fundraising and securities trading rather than in back-office cost-cutting that makes the technology so attractive to banks and other financial intermediaries.
Consumer payments is also likely to be an adoption laggard for now, for well-rehearsed reasons.
In an indication of the direction of travel, a number of high-quality security token offerings (STOs) are starting to land on the desks of analysts, this author included. More on that in upcoming Ethereum World News stories.
The other success story, security issues aside, is of course the centralised exchanges for trading crypto.
Yang has been putting his money where his mouth is since he left Yahoo in 2012, going on to set up AME Cloud Ventures.
Yang’s venture firm is an investor in Blockstream. The blockchain company’s lofty goal is to “solve problems that undermine trust in today’s financial systems”.
Other portfolio members include Ripple Labs, infrastructure-focused BlockCypher and payment processor BitPay.
Yang is a “believer” in bitcoin, although he thinks, as do others, that it has a way to go before it cracks means of payment. Back in 2017 he said:
“Bitcoin as a digital currency is not quite there yet. People are not using it to transact. People are using it as an investable asset. I personally am a believer in where digital currency can play a role in our society. Especially in, not only the front end of doing transactions but also in the back end of creating a much more efficient system and a much more verifiable system”.
The post Yahoo co-founder Jerry Yang says blockchain “natural technology for banks and trading” appeared first on Ethereum World News.
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APENFT Foundation’s Announcement on Adjusting the APENFT(NFT) Airdrop Strategy
In order to engage more TORN users in the governance of the APENFT platform, APENFT Foundation recently airdropped APENFT (NFT) to holders of selected tokens on TRON’s MainNet.
After receiving feedback from users, we have decided to adjust the airdrop strategy so that rewards can be distributed to TRON ecosystem supporters more accurately. Previously, APENFT(NFT) airdrops were made to holders of TRC20-BTC, TRC20-ETH, TRC20-TUSD, TRX, BTT, and JST on the TRON MainNet. But from now on, only holders of WIN, TRX, BTT, and JST will receive airdrops.
- Airdrops will be made to WIN holders, rather than holders of TRC20-BTC, TRC20-ETH, and TRC20-TUSD, while the overall airdrop amount remains unchanged;
- The adjusted airdrop strategy will be effective from November 10, 2021 at 12:00 (UTC), while the date for the last airdrop, June 10, 2023 at 12:00 (UTC), remains unchanged. (The first airdrop was made on June 10, 2021 at 12:00 (UTC), and so far five airdrops have been completed);
- According to the new airdrop strategy, holders of the following four tokens will be able to receive different proportions of APENFT(NFT) airdrops:
|WIN Airdrop||TRX Airdrop||BTT Airdrop||JST Airdrop|
To ensure fair and just airdrops, all TRON addresses that meet the airdrop criteria are eligible to receive APENFT (NFT) airdrops. Please contact APENFT (NFT) customer support at firstname.lastname@example.org if your eligible TRON address fails to receive the APENFT (NFT) airdrop or if you have any question on it.
Addresses with WIN, TRX, BTT, and JST balance on the TRON MainNet can receive APENFT(NFT) airdrops of corresponding proportions. Addresses on TRON’s blockchain with at least 100 TRX, 100 JST, 2000 BTT, and 15000 WIN in their balances will receive the airdrop of APENFT (NFT). It requires no action from users to claim the airdrops, and both frozen and unfrozen addresses can receive the airdrops.
Exchanges and custodial wallet (centralized wallet) institutions:
Users who hold WIN, TRX, BTT, and JST in exchanges are also eligible for proportionate NFT airdrops on the premise that their exchanges must support APENFT (NFT) airdrops.
Exchanges are advised to follow APENFT’s official Twitter, Blog, Medium and other official channels or contact us through the information provided below for technical and PR support. We also advise exchanges to give support to our adjustments in the airdrop strategy and make it ready and release an announcement accordingly before November 1, 2021.
Since APENFT (NFT) is the governance token of APENFT, exchange wallets receiving the airdrops may not be able to take part in the governance of the NFT platform. Therefore, these wallets will receive APENFT Foundation’s airdrops after their exchanges complete the technical tweaks and release an announcement. In cases where an exchange misses the airdrops, you may apply for additional airdrops from APENFT. The exchange will receive the airdrops once it passes the qualification check for “redistributing tokens to users on the exchange”.
Note: Due to the high volume of tokens to be distributed, it may take 72 hours to receive the tokens. If your tokens are stored in exchanges and wallets that support our airdrop program, you can contact our customer service for help.
For any questions related to the airdrop, please contact email@example.com.
For technical issues, please contact firstname.lastname@example.org.
Note: APENFT Foundation reserves the right of final interpretation for this campaign. Rules and time of airdrops are subject to change.
Source: Plato Data Intelligence: Platoblockchain.com
airBaltic Successfully Issues Sixth NFTs on OpenSea
Riga. Today already the sixth NFT edition of the airBaltic City Collection has been issued on OpenSea marketplace for a fixed price of 0.01 Ether. A total of 10 new unique collectibles of the airBaltic City Collection can now be purchased: https://opensea.io/airBaltic.
The sixth airBaltic issue is a digital art piece with one of the most beloved Latvian cities Sigulda, surrounded by its majestic castles, the well-known Gūtmaņa cave as well as Sigulda bobsleigh track. In honour of Latvia’s centenary, in 2018, airBaltic invited everyone to vote on their favourite towns and cities in Latvia, after which the company’s Airbus A220-300 fleet was named. To read more about the airBaltic NFTs City Collection, Edition 6, Sigulda, please visit airBaltic blog: https://blog.airbaltic.com/airbaltic-nfts-city-collection-edition-6-sigulda/.
On April 14, Latvian airline airBaltic became the world’s first airline to issue non-fungible tokens (NFTs). The airline issued limited collector NFTs, showcasing an individual Airbus A220-300 with its registration as well as a piece of art of Kuldīga, one of the most beloved Latvian cities. Following the first edition airBaltic has issued four more digital art pieces honouring beloved Latvian cities Cēsis, Alūksne, Liepāja, Bauska and now Sigulda. 56 NFTs of the first historic release can still be purchased, but the NFTs from following four editions are sold out.
airBaltic is well known as the airline for innovation among global carriers. In 2014, airBaltic became the world’s first airline to accept Bitcoin payments for its flight tickets. Now, in cooperation with service provider BitPay, airBaltic accepts also other cryptocurrencies like Bitcoin Cash, Ether and Dogecoin among others for bookings made on its website.
airBaltic in brief:
airBaltic (Air Baltic Corporation AS) is one of the most punctual airlines in the world connecting the Baltic region with over 70 destinations in Europe, the Middle East, and the CIS. airBaltic is a joint stock company that was established in 1995. Its primary shareholder is the Latvian state, which holds 96.14% of the stock, while Lars Thuesen holds 3.86% through his fully-owned Aircraft Leasing 1 SIA. airBaltic operates 32 Airbus A220-300 aircraft. airBaltic has received numerous international awards for excellence and innovative services. Skytrax has awarded Latvian airline airBaltic a five–star COVID-19 safety rating. In addition, airBaltic is one of the Top twenty airlines for COVID-19 compliance by the safety, product, and COVID-19 rating agency Airlineratings.com. In 2017, the airline received the CAPA Regional Airline of the Year award, while in 2018 and 2019 airBaltic received the ATW Airline Industry Achievement Award as the Market Leader of the Year. In addition, in 2019 airBaltic received the Sector Leadership Award by Airline Business.
For further information, please contact:
Head of Corporate Communications
A/S Air Baltic Corporation
Source: Plato Data Intelligence
Dota 2’s The International 10
The stage for the TI10 is set and the stakes are bigger than they have ever been for an esports tournament. A staggering $40 million in prize money is at stake with the winner earning a whopping $15,000,000! Below we spill the details on the most talked-about esports tourney in history.
Sweden Says No Thank You
Politics reared its ugly head and threatened to derail The International 10 but eventually, things got back on track and the tournament is ready to roll. Initially, the TI10 was slated for Stockholm, Sweden after a one-year hiatus due to the global pandemic. It wasn’t until June 21st when the tremors began building as to a suitable location for the tournament. Sweden was considered a fait accompli, but not so fast, as the fair-haired nation suddenly wagged its finger and pretty much said, anywhere but here.
The crux of the issue was that the Swedish Sports Confederation voted 2-1 against deeming The International an “elite sporting event” and would thereby not be accepted into the federation. An appeal was placed to Sweden’s Minister of Interior, Mikael Damberg, but he punted and sent his spokesperson, Per Strängberg, to essentially pass the buck via this statement, “The Swedish Government has not declined to recognize Dota 2 as an elite sporting event. The government does not make those decisions or judgments. Questions about those judgments should be asked to Riksidrottsförbundet, the Swedish Sports Confederation.”
Developer and publisher of Dota 2, Valve, knew that getting visas for players who needed them to enter Sweden would no longer be automatic due to the lack of accreditation, released this statement, “With the Minister of the Interior failing to recognize The International – Dota 2 Championships as an elite sporting event, anyone attempting to procure a visa for travel into Sweden for TI10 (including players, talent, and staff) would be denied,” Valve wrote. “The absence of this official recognition also means individual border agents would be making decisions about entry for those traveling to the event from countries outside the EU who do not typically need a visa to enter Sweden.”
It’s not surprising that The International found a home for its 10th iteration as the economic impact that the event will attract is not only bountiful for the contestants but also for the local economy hosting the event. Tournaments of this caliber attract big ratings and the best online betting sites like Bookmaker Sportsbook routinely has esports odds which is yet another way to stimulate interest.
Ultimately, the Arena Nationala, capacity 56,000-plus, located in Bucharest, Romania will be the home of the biggest esports event in history. The Group Stage will run from October 7th through the 10th and then the Main Stage will begin from the 12th through the 17th. The ticket prices will range from $60 for the Group Stage events and approximately $240 for the Main Stage rounds.
One might have thought Stockholm would have been delirious to have that distinction but Bucharest is the choice and the event will be nothing short of sensational with the world’s best Dota 2 players congregated in one venue to take home life-changing prize money. The COVID-19 protocols in Eastern Europe are less stringent than those you will find elsewhere which was certainly a major factor in choosing the alternate location.
A Valve spokesperson commented: “We are grateful for the partnership we have formed with Romania and the city of Bucharest, and very much look forward to gathering with the global Dota 2 community, both in-person and virtually, to celebrate the elite players and amazing fandom at The International. Prepare yourselves.”
Of course, Covid precautions will be in place while everyone in attendance will be required to show proof of vaccination, and mask mandates will be in full effect.
The Dota Dozen + 6
Twelve teams of the 18 teams that will compete in the TI10 will be selected based on their Dota Pro Circuit (DPC) points during the 2021 DPC regular season. The remaining six have been chosen from regional qualifiers that will be held to round out the field.
The 12 teams that have already made the cut are the following: Alliance, beastcoast, Evil Geniuses, Invictus Gaming, PSG.LGD, Quincy Crew, T1, Team Aster, Team Secret, Thunder Predator, Vici Gaming, and Virtus.pro.
The six teams and their corresponding regions entering via the qualifiers are as follows:
China Qualifiers Winner: Elephant
Eastern Europe Qualifiers Winner: Team Spirit
North American Qualifiers Winner: Undying
South American Qualifiers Winner: SG e-sports
Southeast Asian Qualifiers Winner: Fnatic
Western Europe Qualifiers Winner: OG
It is somewhat ironic that the only team to win The International twice, OG, had to enter this year’s edition through the backdoor. Let’s take a look at previous TI winners:
2011: Natus Vincere
2012: Invictus Gaming
2015: Evil Geniuses
2016: Wings Gaming
2017: Team Liquid
Source: Plato Data Intelligence
Understanding How Trading Bots Work
With the daily advancement of technology and financial markets, crypto trading is the new currency in town. Due to their volatility, digital assets are listed on crypto exchanges just the same way shares of limited companies and state corporations are listed on Wall Street.
The crypto market runs 24/7, with prices never stopping fluctuating depending on market forces across the world. With a huge number of active cryptocurrencies in the world and taking other considerations into perspective, no human can keep efficient track of the price changes.
This brings automated bots into the context. These bots are algorithms that are aimed to ease the trading process by providing accurate and efficient data on the cryptocurrencies a user trades with.
They are tools designed to gather and analyze market data and execute trades on behalf of traders, which basically means profiting from tiny price fluctuations.
Due to their ability to convey accurate and prompt changes in the crypto market prices, they are desirable to investors who are immersed in the trade. There are several types of automated bots for crypto trading that are available in the market.
TYPES OF BOTS
- Arbitrage bots. Taking advantage of the existing market inefficiencies, arbitrage trading makes profits through the simultaneous purchase and sale of the same asset in different markets at different but close-range prices. Arbitrage relies heavily on execution speed, since it is crucial to buy an asset on one exchange and simultaneously sell it on another, but at a higher price.
Among all providers of automated trading solutions which have incorporated this feature into their platforms, the one offered by Bitsgap clearly stands out. All thanks to a variety of tools that allow analyzing data from 25 crypto exchanges around the world to find the best opportunity to strike a deal.
- Grid bots. Grid bots place multiple buy and sell orders within a predetermined price corridor. The orders form a grid above and below the current price — the higher the number of levels, the more intense trading will be. The rising number of grids leads to decreasing price differences between them, which reduce from each trade.
Users should be careful reducing grid spaces since some bots do not take into account exchanges’ fees when calculating profits. Bitsgap is among few platforms that include all commissions into profit calculation and simply won’t allow bots to perform a trade if it won’t make any profit for the user.
- Futures bots. The main advantage of futures trading is leverage, which allows traders to open positions exceeding their initial investments, thus multiplying profits. This advantage, however, is the main danger of futures trading, since it can dramatically impact the size of the portfolio and lead to a partial or even total loss of the investments.
Controlling emotions is especially hard when trading futures and this is the point where the Bitsgap Combo bot steps in. It completely automates the process by combining grid and DCA technology and uses trend reverse for maximizing profits when the trend turns in your favor.
BENEFITS OF TRADING BOTS
Just as there are demerits of using bots in blockchain trade, so are the merits. Which surpasses them by miles. This has been harnessed through the launch of the Ethereum London Hard fork. It includes:
- Owing to the analysis of the cryptocurrency market prices by chart patterns and trend lines, the interpretation of data becomes simplified. Investors can therefore easily read and understand graphical representations and afterwards make sound execution decisions like in trend trading bots.
- Non-stop trading. Bots operate 24/7 as they scale the fluctuations and variations of cryptocurrency prices. This allows investors to secure time and focus on analysis and high-profitable smart trading.
- Time-saving. Automated bots constantly analyze prices and trading volumes of over ten thousand trading pairs and are capable of executing thousands of trades per minute on dozens of exchanges. This kind of precision cannot be achieved by any human being, while bots perform it with ease.
MAKING PROFITS USING BOTS
Making and maximizing profits is the main investor concern. It goes without saying that the bigger the risk, the higher the profits. Similarly, the smaller the investment, the lower the return margins.
Crypto is maturing year after year. It has evolved into a prominent asset class attracting investors with promises of high returns and relatively low entry barriers. Since 2017, Bitsgap has matured with the industry and turned into one of the leading companies offering a one-stop automated solution for crypto trading.
Compared to other platforms, Bitsgap offers an unmatched set of tools across 25 crypto exchanges to build a solid trading strategy that may generate stable returns regardless of the market trend.
The company’s blog provides users with articles and ready-made automated trading solutions that allow newcomers to avoid the most common mistakes and start benefiting from crypto at once.
Source Code:Plato Data Intelligence
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