Binance’s CZ Insists XRP Is No Security During Recent ...

Crypto-Powered: Understanding Bitcoin, Ethereum, and DeFi

Crypto-Powered: Understanding Bitcoin, Ethereum, and DeFi
Until one understands the basics of this tech, they won’t be able to grasp or appreciate the impact it has on our digital bank, Genesis Block.
https://reddit.com/link/ho4bif/video/n0euarkifu951/player
This is the second post of Crypto-Powered — a new series that examines what it means for Genesis Block to be a digital bank that’s powered by crypto, blockchain, and decentralized protocols.
---
Our previous post set the stage for this series. We discussed the state of consumer finance and how the success of today’s high-flying fintech unicorns will be short-lived as long as they’re building on legacy finance — a weak foundation that is ripe for massive disruption.
Instead, the future of consumer finance belongs to those who are deeply familiar with blockchain tech & decentralized protocols, build on it as the foundation, and know how to take it to the world. Like Genesis Block.
Today we begin our journey down the crypto rabbit hole. This post will be an important introduction for those still learning about Bitcoin, Ethereum, or DeFi (Decentralized Finance). This post (and the next few) will go into greater detail about how this technology gives Genesis Block an edge, a superpower, and an unfair advantage. Let’s dive in…
https://preview.redd.it/1ugdxoqjfu951.jpg?width=650&format=pjpg&auto=webp&s=36edde1079c3cff5f6b15b8cd30e6c436626d5d8

Bitcoin: The First Cryptocurrency

There are plenty of online resources to learn about Bitcoin (Coinbase, Binance, Gemini, Naval, Alex Gladstein, Marc Andreessen, Chris Dixon). I don’t wanna spend a lot of time on that here, but let’s do a quick overview for those still getting ramped up.
Cryptocurrency is the most popular use-case of blockchain technology today. And Bitcoin was the first cryptocurrency to be invented.
Bitcoin is the most decentralized of all crypto assets today — no government, company, or third party can control or censor it.
Bitcoin has two primary features (as do most other cryptocurrencies):
  1. Send Value You can send value to anyone, anywhere in the world. Nobody can intercept, delay or stop it — not even governments or financial institutions. Unlike with traditional money transfers or bank wires, there are no layers of middlemen. This results in a process that is much more cost-efficient. Some popular use-cases include remittances and cross-border payments.
  2. Store Value With nothing but a smartphone, you can become your own bank and store your own funds. Nobody can seize your assets. The funds are digital and stored on a blockchain. Your money no longer needs to be stored at a bank, in a vault, or under your mattress. I covered a few inspiring use-cases in a previous post. They include banking the unbanked, protecting assets from government seizure, mitigating the risk of a bank run, and protection against hyperinflation (like what recently happened in Venezuela).
The fact that there are so few things one can do with Bitcoin is one of its greatest strengths.
Its design is simple, elegant, and focused. It has been 10+ years since Satoshi’s white paper and no one has been able to crack or hack the Bitcoin network. With a market cap of $170B, there is plenty of incentive to try.
https://preview.redd.it/bizndfpkfu951.png?width=800&format=png&auto=webp&s=456c53b798248e60456a65835a33c69b2fe8daf0

Public Awareness

A few negative moments in Bitcoin’s history include the collapse of Mt. Gox — which resulted in hundreds of millions of customer funds being stolen — as well as Bitcoin’s role in dark markets like Silk Road — where Bitcoin arguably found its initial userbase.
However, like most breakthrough technology, Bitcoin is neither good nor bad. It’s neutral. People can use it for good or they can use it for evil. Thankfully, it’s being used less and less for illicit activity. Criminals are starting to understand that transactions on a blockchain are public and traceable — it’s exactly the type of system they usually try to avoid. And it’s true, at this point “a lot more” crimes are actually committed with fiat than crypto.
As a result, the perception of bitcoin and cryptocurrency has been changing over the years to a more positive light.
Bitcoin has even started to enter the world of media & entertainment. It’s been mentioned in Hollywood films like Spiderman: Into the Spider-Verse and in songs from major artists like Eminem. It’s been mentioned in countless TV shows like Billions, The Simpsons, Big Bang Theory, Gray’s Anatomy, Family Guy, and more.
As covid19 has ravaged economies and central banks have been printing money, Bitcoin has caught the attention of many legendary Wall Street investors like Paul Tudor Jones, saying that Bitcoin is a great bet against inflation (reminding him of Gold in the 1970s).
Cash App already lets their 25M users buy Bitcoin. It’s rumored that PayPal and Venmo will soon let their 325M users start buying Bitcoin. Bitcoin is by far the most dominant cryptocurrency and is showing no signs of slowing down. For more than a decade it has delivered on its core use-cases — being able to send or store value.
At this point, Bitcoin has very much entered the zeitgeist of modern pop culture — at least in the West.
https://preview.redd.it/dnuwbw8mfu951.png?width=800&format=png&auto=webp&s=6f1f135e3effee4574b5167901b80ced2c972bda

Ethereum: Programmable Money

When Ethereum launched in 2015, it opened up a world of new possibilities and use-cases for crypto. With Ethereum Smart Contracts (i.e. applications), this exciting new digital money (cryptocurrency) became a lot less dumb. Developers could now build applications that go beyond the simple use-cases of “send value” & “store value.” They could program cryptocurrency to have rules, behavior, and logic to respond to different inputs. And always enforced by code. Additional reading on Ethereum from Linda Xie or Vitalik Buterin.
Because these applications are built on blockchain technology (Ethereum), they preserve many of the same characteristics as Bitcoin: no one can stop, censor or shut down these apps because they are decentralized.
One of the first major use-cases on Ethereum was the ability to mint and create your own token, your own cryptocurrency. Many companies used this as a way to fundraise from the public. This led to the 2017 ICO bubble (Initial Coin Offerings). Some tokens — and the apps/networks they powered — were fascinating and innovative. Most tokens were pointless. And many tokens were outright scams. Additional token reading from Fred Ehrsam, Balaji, and Naval.
https://reddit.com/link/ho4bif/video/b5b1jh9ofu951/player

Digital Gold Rush

Just as tokens grew in popularity in 2017–2018, so did online marketplaces where these tokens could be bought, sold, and traded. This was a fledgling asset class — the merchants selling picks, axes, and shovels were finally starting to emerge.
I had a front-row seat — both as an investor and token creator. This was the Wild West with all the frontier drama & scandal that you’d expect.
Binance — now the world’s largest crypto exchange —was launched during this time. They along with many others (especially from Asia) made it really easy for speculators, traders, and degenerate gamblers to participate in these markets. Similar to other financial markets, the goal was straightforward: buy low and sell high.
https://preview.redd.it/tytsu5jnfu951.jpg?width=600&format=pjpg&auto=webp&s=fe3425b7e4a71fa953b953f0c7f6eaff6504a0d1
That period left an embarrassing stain on our industry that we’ve still been trying to recover from. It was a period rampant with market manipulation, pump-and-dumps, and scams. To some extent, the crypto industry still suffers from that today, but it’s nothing compared to what it was then.
While the potential of getting filthy rich brought a lot of fly-by-nighters and charlatans into the industry, it also brought a lot of innovators, entrepreneurs, and builders.
The launch and growth of Ethereum has been an incredible technological breakthrough. As with past tech breakthroughs, it has led to a wave of innovation, experimentation, and development. The creativity around tokens, smart contracts, and decentralized applications has been fascinating to witness. Now a few years later, the fruits of those labors are starting to be realized.

DeFi: Decentralized Finance

So as a reminder, tokens are cryptocurrencies. Cryptocurrencies can carry value. And value is a lot like money. Because tokens are natively integrated with Ethereum, it’s been natural for developers to build applications related to financial services — things like lending, borrowing, saving, investing, payments, and insurance. In the last few years, there has been a groundswell of developer momentum building in this area of financial protocols. This segment of the industry is known as DeFi (Decentralized Finance).
https://preview.redd.it/f0sjzqspfu951.png?width=461&format=png&auto=webp&s=8e0a31bf29250fc624918fbd8514b008762f379e
In Q2 of 2020, 97% of all Ethereum activity was DeFi-related. Total DeFi transaction volume has reached $11.5B. The current value locked inside DeFi protocols is approaching $2 Billion (double from a month ago). DeFi’s meteoric growth cannot be ignored.
Most of that growth can be attributed to exciting protocols like Compound, Maker, Synthetix, Balancer, Aave, dYdX, and Uniswap. These DeFi protocols and the financial services they offer are quickly becoming some of the most popular use-cases for blockchain technology today.
https://preview.redd.it/wn3phnkqfu951.png?width=800&format=png&auto=webp&s=02f56caa6b94aa59eadd6e368ef9346ba10c7611
This impressive growth in DeFi certainly hasn’t come without growing pains. Unlike with Bitcoin, there are near-infinite applications one can develop on Ethereum. Sometimes bugs (or typos) can slip through code reviews, testing, and audits — resulting in loss of funds.
Our next post will go much deeper on DeFi.

Wrap Up

I know that for the hardcore crypto people, what we covered today is nothing new. But for those who are still getting up to speed, welcome! I hope this was helpful and that it fuels your interest to learn more.
Until you understand the basics of this technology, you won’t be able to fully appreciate the impact that it has on our new digital bank, Genesis Block. You won’t be able to understand the implications, how it relates, or how it helps.
After today’s post, some of you probably have a lot more questions. What are specific examples or use-cases of DeFi? Why does it need to be on a blockchain? What benefits does it bring to Genesis Block and our users?
In upcoming posts, we answer these questions. Today’s post was just Level 1. It set the foundation for where we’re headed next: even deeper down the crypto rabbit hole.
---
Other Ways to Consume Today's Episode:
We have a lot more content coming. Be sure to follow our channels: https://genesisblock.com/follow/
Have you already downloaded the app? We're Genesis Block, a new digital bank that's powered by crypto & decentralized protocols. The app is live in the App Store (iOS & Android). Get the link to download at https://genesisblock.com/download
submitted by mickhagen to genesisblockhq [link] [comments]

Parallels between two disruptive technologies: Internet & Blockchain – Part II

Parallels between two disruptive technologies: Internet & Blockchain – Part II
In part two of this blog, we will explore the parallels between the technologies in capitals and start-ups, in the decentralization of the blockchain as the main aspect that will revolutionize the Internet and in education. To read up on the first blog post, please follow this link.
Initial Start-Ups and Capitals
For more than 20 years the Internet was narrowed down to the usage of a few tech-savvy that knew how to navigate it. It’s only in 1993-94 that it became mainstream when Marc Andreessen created the Mosaic) browser while studying at the National Center for Supercomputing Applications (NCSA) and brought the Internet to the general public allowing them to navigate the web comfortably with a positive user-friendly experience.
For the first time, users could establish an active presence over the internet by loading their own documents, photos, sounds, video clips, and hypertext “links” to other documents. Navigation of the internet started to have meaning. Later on, Marc Andreessen was on the team that created Netscape, the Internet browser that reached 38 million users in eighteen months and IPO’d in record time, breaking records as far as company growth while becoming the first dot-com company. Silicon Valley and Wall Street jumped on the rapid success of Netscape and started the “Internet Big bang” with a new wave of tech startups trying to follow a similar path.
In the blockchain world, Bitcoin (2008) was the first application of the technology, the most disruptive, and its first wave of users, just like in the first internet era, was also more on the technical savvy side. Despite the significant injection of capital into the blockchain space, we have not had yet a killer app or project that could compare to Mosaic or Netscape.
If blockchain is a synonym of decentralization, so far the unicorns in the space are centralized companies with traditional business models like Coinbase, Binance which are centralized exchanges, and Bitmain, a privately owned company headquartered in Beijing, China that specializes in the design of application-specific integrated circuit chips for bitcoin mining. This is why we still believe to be in the early stages of blockchain technological cycle similar to 1994 during the Internet Revolution, expecting more market cycles to happen in the upcoming years.
A look at the market capitalization of the two technologies highlights a notable difference: according to CBInsights, in the 1990s venture capitals injected in Internet startups were around $35.6 billion while so far we’ve seen no more than $6 billion flowing into the blockchain space. The good news is that the trend is moving up and the potential is to reach $10 trillion between Bitcoin and other cryptocurrencies combined.
https://preview.redd.it/3oonw2fopka41.jpg?width=5472&format=pjpg&auto=webp&s=167f366b4ee2eaf47fdf89e418ee498eb8e8a958
Some Venture Capitals, like Node Capital, smelled early the potential of the tech and made their first investments in the industry in 2011. In 2018, there were more than 200 venture investments in blockchain and cryptocurrency companies, more than in all of 2011-2015 combined.
Digital Currency Group is one of the major investors in the space and has been extremely influential in blockchain since 2013. They started off with an investment of less than a million US dollars, in crypto payment processor BitPay. Since then they have invested close to $100 million in dozens of blockchain and cryptocurrency startups including Coinbase and Ripple.
For more info, contact Block.co directly or email at [email protected].
Tel +357 70007828
Get the latest from Block.co, like and follow us on social media:
✔️Facebook
✔️LinkedIn
✔️Twitter
✔️YouTube
✔️Medium
✔️Instagram
✔️Telegram
✔️Reddit
✔️GitHub
submitted by BlockDotCo to u/BlockDotCo [link] [comments]

Intro CCXT Trade Crypto Bitcoin on all Exchanges - Chapter 5.1- Python Binance Bot Binance - promising exchange and great investment! Bitcoin Correction, The Last Dip? Binance, McAfee Crypto - Cryptocurrency News Cryptocurrency News 2nd March - Bitcoin Ethereum Binance exchange hack ontology cardano usa Binance.US - Register today for fast and safe crypto trading BINANCE POOL WHAT IS AND COULD BE - PERSONAL REVIEW BINANCE PASSA A ACEITAR COMPRA DE BITCOIN COM CARTÃO DE CRÉDITO! Bitcoin Ben  Binance Exchange will lead true price discovery! Moon! SENADOR afirma: Binance - One Bitcoin automatic real bot trading

Binance, the #1 spot cryptocurrency exchange in the world with USD 0.5-1 billion of daily trading volume, will launch the Binance decentralized exchange (DEX) in early 2019.. A video preview and the launch of its own blockchain has seen a major rally for its native token, BNB, with its market cap increasing USD 150 million, rocketing it to #13 on CoinMarketCap with a market cap of USD 800 million. Binance Futures Open Interest Crossed $1 Billion in August. ... One of them is Marc Andreessen, the co-founder of the venture capitalist firm Andreessen Horowitz. Short Bitcoin (SBTC) ETP Launched on Germany’s Xetra Electronic Exchange. 21 Shares’ Short Bitcoin ETP (SBTC) was listed on Xetra – a digital exchange operated by the Frankfurt Stock Exchange. This will provide investors in ... Marc Andreessen, einer der bekanntesten und führenden Unternehmer und Investoren des Internet-Zeitalters, hat in einem Interview verraten, dass Kryptowährungen ein “grundlegend neues und sehr wichtiges Konzept” sind. Tech und Venture Capital Legende: Bitcoin und Krypto funktioniert The 10-year-old firm, founded by Marc Andreessen and Ben Horowitz, Andreessen Horowitz filed in March to become an RIA, as it seeks greater flexibility in its investments, particularly when it ... Last year, Bademosi became a director at the venture capital arm of the world’s largest cryptocurrency exchange Binance, which trades $1.5 billion in crypto assets each day. And today he is ... Currently, Siacoin is trading at the $0.014 mark after a 21.41-percent-rise, according to Coinmarketcap.com.If this bullish trend goes on, the coin may well recover its mid-April highs when the token price went up to $0.030. Before that Siacoin reached a high of $0.09, when all the crypto market was bullish.Anyway, the Binance listing was helpful– the exchange provides a higher trading ... Binance is not the only big player that has agreed to list XRP. About two weeks ago, the US-based Coinbase exchange, which had been eyeing XRP for a long while for fear it might be a security, finally gave the process the green light. Now XRP is trading on Coinbase Pro and Coinbase.com. Marc Andreessen on Cryptocurrency January 4, 2020 Crypto Videos Marc Andreessen is a entrepreneur and investor Marc Andreessen has long been on the cutting edge of crypto, and this year he extended his stake in the … Andreessen Horowitz the venture capital firm founded by Marc Andreessen and Ben Horowitz today announced its newest operating partner – (former) chief regulatory officer of the New York Stock Exchange, Anthony Albanese. The NYSE executive who has been working with regulators at the state, fede... As the Binance exchange continues to grow internationally, ... Next Review Scalar Capital Crypto Investment Firm Gets Funds From Marc Andreessen And Chris Dixon. Bitcoin Exchange Guide News Team . B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a ...

[index] [16665] [16829] [12493] [22934] [22275] [7256] [1983] [2554] [2705] [23018]

Intro CCXT Trade Crypto Bitcoin on all Exchanges - Chapter 5.1- Python Binance Bot

Bittrex and Binance - One Bitcoin automatic Of. bot website: https://crypto-pump.online/en/ My experience and testing of the bot for automatic trading on the Bitrex exchange using signals from ... This Video Describes the process of converting a Binance-based cryptocurrency trading bot to utilize all exchanges and all coins with the CCXT email: [email protected] Advanced ... Binance.US brings you the trusted technology from the world's leading crypto exchange, Binance. Trade your USD for bitcoin, ethereum, and other cryptocurrencies. Trade your USD for bitcoin ... Here you can buy Cryptocurrencies: https://www.coinbase.com/join/5935a70d05fcbc0a980a2643 Here you can buy Most of the cryptocurrencies: https://www.binance.... Binance is gaining popularity among cryptocurrency exchanges; BNB token is now one of the best investments in the volatile and speculative crypto space. In this video I go through pros&cons of ... As a company I love BINANCE, how they have been performing no matter what type of market they are in, bull market, bear market, sideways, you name it and their token BNB and Exchanges has been ... #Binance Exchange will lead true price discovery! LIFE INFO APP LINK https://61721437.lifeinfoapp.com/default.aspx Visit my website: http://www.bitcoinben.io... Close. This video is unavailable. BINANCE PASSA A ACEITAR COMPRA DE BITCOIN COM CARTÃO DE CRÉDITO! Category People & Blogs; ... 🔳 TOP 5 MELHORES EXCHANGES DE BITCOIN E CRIPTOMOEDAS 2019 - Duration: 5:26. Crypto Tchaps 50,407 ... Bitcoin plunged below $8,000 this morning and we're now waiting for the next move. Will it be to the upside or downside? Mattie will also take a look at Binance testing new stablecoin, John McAfee ...

#