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Japanese IT giant GMO Internet reveals that profits for its crypto exchange and mining segment have shown a visible rise in Q3. Japanese IT giant GMO Internet has published its third quarter report Monday, Nov. 12, revealing a “historical performance” of its crypto-related sectors despite “the harsh external environment.” GMO claims its crypto businesses, including mining equipment production and its crypto exchange, have gained 2.6 billion yen ($22.8 million) in revenue over the third quarter “in just a year since the launch.” GMO Coin, an exchange platform launched by the company, has reportedly seen up to 208,000 users trading about 89 billion yen ($781 million) in October. GMO also reports that the profits are up 34.4 percent quarter on quarter (QoQ). In the meantime, the revenues for GMO’s mining segment are also up QoQ, but profit has been down in the second and third quarters. The company yet again links the decrease to the “worsening external environment” and “increasing depre..
Advertisement This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release. A dominant Chinese blockchain player, GXChain, released its newest whitepaper 3.0: A Trusted Data Internet of Value on Wednesday, Oct. 10, 2018, which describes the development in TrustNodes election, earnings and business models of the GXChain Data Economy Ecosystem. The influential blockchain company GXChain from China released the newest whitepaper 3.0: A Trusted Data Internet of Value. The whitepaper details the recent updates of the GXChain project in governance, technical structure, application scenarios and business models, helping related organizations and millions of users to better participate i..
Advertisement This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release. Cyber Advanced Technology, the technology provider for A-Nex, has developed an innovative crypto-trade platform that plans to take the crypto-industry to a new level of security and profitability. A-Nex will be powered by the Operational Technology-Operation Centric Networks, an internet technology created by CAT. Berkeley, California.- A-Nex, a cyber coin company, is preparing for an ICO announcement on November 15, 2018. This innovative crypto enterprise is designed for the sale and exchange of virtual currencies, smart contracts and tokens. It promises to revolutionize the decentralized financial landsc..
Bitcoin “Patient Zero" Wences Casares suggested that Bitcoin is an “intellectual experiment” that could take years to succeed if it does not fail. Bitcoin "Patient Zero" Wences Casares, the founder of Bitcoin (BTC) wallet startup Xapo, said that the seminal cryptocurrency may take years to prove successful, in an interview with Bloomberg Oct. 29. In an interview with Bloomberg, Casares argued that BTC is an “intellectual experiment,” and it could be several years before it proves successful. “It may work, it might not work,” said Casares, noting that Bitcoin is in its early stages and that “we are in the equivalent of 1992 for the Internet.” However, Casares suggested that the probability of success is still greater than failure. Argentina-born Casares has been called the “patient zero” of Bitcoin for serving as a catalyst for Silicon Valley’s interest in the seminal cryptocurrency. In 2014, Casares established Xapo, a company that offers a Bitcoin wallet combined with cold storage an..
China’s top-level internet watchdog has published new draft regulations for blockchain-based information service providers. China’s top-level internet watchdog, the Cyberspace Administration of China (CAC), published new draft regulations for blockchain-based information service providers Oct. 19. The draft, open for public consultation until Nov. 2, proposes twenty three articles for the regulation of all companies or entities providing blockchain-based information services to the Chinese public. Under the proposed rules, all such entities would be required to register with the CAC within ten days of launching their platforms. The regulations would also require service providers to censor content that is deemed to pose a threat to national security or to “disrupt the social order,” and to allow authorities to inspect user data stored on their systems. Notably, one article would make it mandatory for service providers to ask users to register using their real names, phone numbers and ..
India is getting a dedicated group for exploring blockchain expansion courtesy of the Internet and Mobile Association of India. The Internet and Mobile Association of India (IAMAI) is forming a dedicated focus group for blockchain exploration made up of both big business and cryptocurrency players, Indian daily newspaper Economic Times reported Monday, Oct. 15. Confirmed in a tweet Tuesday, the IAMAI, whose remit is to “expand and enhance” the online and mobile sector, will use its “Blockchain Committee” to “identify opportunities and challenges and work with government, industry and startups” to develop a blockchain “ecosystem.” The move comes amid testing times for cryptocurrency in India, with the country’s supreme court still deliberating on the legality of the Reserve Bank of India’s (RBI) cryptocurrency banking ban it instigated in July. Commenting on the plans, Tina Singh, chair of the newly-founded Blockchain Committee, said the technology was nonetheless “undoubtedly the tech..
GMO says its new coin will be focused on remittances, praising the success of the stablecoin market. Japanese internet conglomerate GMO Internet Co. Ltd confirmed plans to release a cryptographic stablecoin Tuesday, Oct. 9, pegged to the Japanese yen. GMO, which entered the Japanese cryptocurrency exchange market in May last year, intends to begin issuing tokens at the start of the 2019 financial year. The news marks a further potential player in the yen-pegged stablecoin market, with several other corporations signalling their intentions to launch assets of their own in recent months. GMO confirmed the main impetus behind its decision was to target international remittances. “The yen-pegged currency collateralized by the Japanese yen is highly likely to be an ideal currency that combines high creditworthiness, low fees and speed of remittance,” the company claimed, adding: “By issuing the yen-pegged currency, GMO Internet will continue to support borderless transactions with creditwo..
Advertisement This is a sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. Almost anyone that has spent time on the internet will be inclined to agree that advertising has become intrusive and even predatory at times. Since most advertisements these days hinder user experience, most individuals turn to ad-blocking software to get rid of them altogether. This puts advertisers and publishers in a rather precarious position as both of them rely on ads, either for attracting new users or revenue. Even though some blockchain-based solutions like Basic Attention Token (BAT) have managed to disrupt the advertising space to some degree, a new blockchain startup Varanida believes that its platform can take this one step further. Instead of building an entire ad network from scratch, Varanida’s platform will give users, publishers, and advertisers granular control over their ads to prevent irr..
Circle is introducing a stablecoin dubbed the “USD Coin,” with a consortium called Centre serving as the platform. Circle Internet Financial Ltd. is launching a USD-backed digital token dubbed the “USD Coin,” Bloomberg reports Wednesday, September 26. A consortium called Centre — which includes Bitmain Technologies Ltd. among its members — will act as a platform for deposits and fiat conversions for the stablecoin. Bloomberg notes that although Centre is a “wholly owned subsidiary of Circle,” there are plans in plan to turn it into an independent organization. The USD Coin will reportedly be available on Circle’s Poloniex exchange, as well as Huobi, OKCoin, KuCoin, and digital wallet and exchange Coinbase. Cointelegraph will update this story as it continues.
On Sept. 17, CloudFlare introduced its decentralized content gateway. On Sept. 17, a vital United States-based content delivery network (CDN) CloudFlare introduced a new decentralized content gateway via InterPlanetary File System (IPFS), a peer-to-peer (p2p) network run by thousands of computers bypassing the conventional HTTP system. Here’s how it supposed to work and why CloudFlare decided to support such a project. What is CloudFlare?CloudFlare is a company that provides content delivery network (CDN) services and DDoS protection. Basically, CloudFlare plays the role of an intermediary between the website and the visitor. It defends the website by filtering out suspicious requests and speeds up its overall performance via its CDN, powered by 152 data centers located in different parts of the world. As CloudFlare’s CEO Matthew Prince explained to the Wire: “At that data center, we’ll make a series of determinations: Are you a good guy or a bad guy? Are you trying to harm the site? ..
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