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betbox – Disruption of Traditional Social Media?

Well, who hasn’t thought about it yet? Disruption has taken place in a lot of business branches already. TV, music, the entertainment industry, as well as the telephone industry, just to name a few. But what about social media? From several indicators, there hasn’t been any significant disruptive phenomenon within that industry over the past 15 years. Some of you may argue though, that there was, indeed, some sort of evolution in the social media world. I won’t dispute that fact. But what I’m implying is that the most important pillars of the industry have basically stayed the same since The post betbox – Disruption of Traditional Social Media? appeared first on CCN
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A Bet on the Future of DEX: Bancor, Kyber and Ox Protocols Examined

Despite the clamour for decentralization, some of the biggest players in the cryptocurrency space are still centralized entities. The most obvious examples are Binance (BNB) and Tether […] The post A Bet on the Future of DEX: Bancor, Kyber and Ox Protocols Examined appeared first on Hacked: Hacking Finance.
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How blockchain-backed betbox dapp is transforming betting as we know it

Even though gambling takes place all around the world, most providers are dubious and insecure. That’s what keeps a lot of people out of the industry, even if they like the concept of gambling in general. There are many concerns like the type of bet, payout, winning criteria, trust, which prevents people from taking part in gambling on a daily basis. However, there is one new application called “betbox” that is trying to transform betting as we know it and offer a sustainable ecosystem with individual events to a broad audience. Betbox is unique in its setup, as one of the key features of the betbox dapp is that it makes use of blockchain technology to monetize social events and other features and make it accessible to people around the globe in a user-friendly way. As you probably know by now, blockchain technology has the potential and features to transform any industry, and betbox is trying to bring the essence of blockchain to create a safe and completely legal environment for gambling, challenging and everything related to this sector. Below you find some of the features that make betbox the best destination for people who are interested in taking part in a new era of entertainment: Honest Results Decentralised storage of data is one of the key features of the betbox ecosystem. Betbox creates a transparent and secure event environment by storing all monetary information securely in smart contracts. That along with the implementation of decentralized wallets and distribution of wagers through smart contracts ensure that all events are ruled and managed entirely fair without being vulnerable at any given time. Various Betting Types The betbox ecosystem supports various event types including private betting for people within a closed circle or public betting where everyone within the platform can participate. You can also list personal challenges as bets within the platform and others can bet on whether you can complete the problem or not. But this is not the only way to interact on the betbox ecosystem. The company’s main focus is to deliver entertaining and unprecedented features for lottery games and other monetized events to spice up the engagement with the user. Secure and Assured Payments Betbox makes receiving and making payments for bettings easier with the addition of a secure wallet within the platform. All the payments within the betbox ecosystem are created using decentralized wallets which can store many currencies including the native token “betbox coin”. Final Words If you are looking for a safe, transparent and legal platform where you can take part in blockchain gambling and create individual events on your own, then betbox is the best and only option you currently have. Try their MVP now on www.betbox.app! The post How blockchain-backed betbox dapp is transforming betting as we know it appeared first on ZyCrypto.
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DDEX To Fork the Ox Protocol, Remove ZRX and Name their New Protocol Hydro

After much deliberation, the team at the DDEX decentralized exchange has decided to fork the Ox protocol that is the backbone of the exchange. Tian Li, CEO of DDEX, made the announcement two days ago via a Medium post. Mr. Li praised the efforts of the Ox team in delivering a high quality, useful code with smart contracts that DDEX has used to become one of the largest decentralized exchanges on the Ethereum network. But due to diverging future plans, the team at DDEX has decided to rewrite a major part of the codebase as part of their ‘fork’. Tian Li went on to further explain their recent move to fork the Ox protocol and remove ZRX to create Hydro. Although we were thrilled to see 0x tackle such a wide range of important issues, our perspective of what’s most urgent diverged. Being on the front-lines, it is painfully apparent that most DEXs today still are plagued by rudimentary problems such as order collision, front-running, and poor liquidity. After much deliberation, we’ve decided to fork the 0x protocol. Although we are using the term “fork” to give proper credit, we rewrote a large portion of the codebase. We plan to ship a new order schema, an engine capable of true matching, robust market orders, and a fundamentally different liquidity sharing model. The ZRX token will be removed as well, because fee-based tokens create unnecessary friction. We are calling this new protocol Hydro, to emphasize that liquidity matters above everything else. Do or Die for DDEX According to DDEX’s website, the decentralized exchange is currently in the process of migrating to Hydro. In the medium post, the CEO of DDEX, acknowledged that if the new hydro protocol does not deliver, DDEX will be outclassed and quickly become irrelevant. About the Ox Protocol The Ox protocol facilitates the exchange of ERC20 tokens, game items and other digital assets on the Ethereum network. The protocol enables developers to focus on building while Ox handles the exchange. By sharing a standard API, relayers can aggregate liquidity pools, creating network effects around liquidity that compound as more relayers come online. Use case of Ox include: Gaming and collectibles Prediction markets Order Books Decentralized loans Stable tokens Relayers is a name used to refer to exchanges using the protocol. This name is preferred rather than the common term of ‘exchanges’. Current relayers using the Ox protocol and their 24 hour trade volume can be found below. DDEX – $274,353 in 24 hour trade volume Radar Relay – $61,290 in 24 hour trade volume  STAR BIT – $3,704 Token Jar – $307 Paradex – $305 The Ocean – $26 What are your thoughts on DDEX forking the Ox protocol, removing ZRX and creating Hydro? Please let us know in the comment section below.  The post DDEX To Fork the Ox Protocol, Remove ZRX and Name their New Protocol Hydro appeared first on Ethereum World News.
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Ox Protocol Launches ‘Instant’ Crypto Purchasing System for Websites

Ox (ZRX), an open-source protocol that promotes low-friction and peer-to-peer exchange of ERC-20 tokens on the Ethereum blockchain, has recently launched Ox Instant. This is a new service that enables users to add a crypto-purchasing and exchange system to a website or application. As the platform reported, Introducing 0x Instant With just a few lines of code, you can now add crypto purchasing seamlessly to any app or website.https://t.co/nvS9x6Jm7h — 0x (@0xProject) December 6, 2018 The technology will aggregate liquidity from Ox, ERC-720 and ERC-20 by discovering and listing the bet exchange rate, while also enabling those who visit the website and app visitors to pay through Ethereum Wallet, including Trezor, MetaMask, and Ledger. Upon the completion of a transaction, Ox Instant receives an affiliate fee. “Developers and creators can utilize Instant to build product experiences that couldn’t have existed before. Ox Instant is already being hosted by a diverse set of projects including non-fungible token marketplaces, non-custodial crypto wallets, dapps, and even crypto price fees.” A few platforms have adopted Ox Instant, such as Coinbase and CoinGecko. The latest has multiple coin pages, including DAI, MKR. BAT, AST, ZRX, and REP. As for Ox Instant, it also works with non-fungible tokens, which allows better distribution of in-game items by blockchain developers. This promotes internal game economics.
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Mike Novogratz: Facebook’s GlobalCoin Won’t Rival Bitcoin

Coinspeaker Mike Novogratz: Facebook’s GlobalCoin Won’t Rival BitcoinMajor Bitcoin bull and former Wall Street exec Mike Novogratz recently discussed the current state of the cryptocurrency industry. The Galaxy Digital CEO explained why he thinks the crypto winter is finally over and why ‘Facebook Coin’ won’t rival Bitcoin.During his interview, Novogratz reminded that everyone had their own version of Bitcoin and the supply exponentially grew. Bitcoin, he thinks, had really established itself as a store value. He said:“This is hard to do because there is just one more stored value of this kind. It’s gold. It is hard to be worth something just because it’s worth something. Almost everything else is different. For example, Uber shares are worth something because people are using it. What Bitcoin has done is a unique thing.”He also referred to Bitcoin’s intrinsic value saying:“You can take all the gold in history that has been mined and put it in three Olympic swimming pools and it’s worth $8,5 trillions. Why? Because it sits in the vaults.”Novogratz went to mention that retailers are buying Bitcoin but also the institutions are moving in. There are Yale, Harvard and Stanford endowments.Microsoft Wanting to Link with Bitcoin Blockchain is a Big ThingThe CEO claims the original Bitcoin boom witnessed around 2016-2017 was influenced by the retail-driven investments by around 98%. This means more companies were buying cryptocurrency at a time when it looked like the future of finance. The recent developments in the crypto world are also affected by ‘credentialing’ according to the CEO especially with the recent move by Microsoft in the industry.“Also, there is Microsoft, one of the biggest companies in the world that says they want to do identify solution by linking it to the Bitcoin blockchain. Now this is big.”Microsoft recently announced their initiation of an identity solution to add to the Bitcoin blockchain. As more investments crowd Bitcoin, its value soars higher as witnessed in the recent spike. Microsoft is not the only big organization enabling the ‘credentialization’ of Bitcoin. Not long ago, Facebook lifted all the bans it had imposed on cryptocurrency and any blockchain-related advertisements.He also mentioned Facebook coin saying that it is really important for the ecosystem.“Crypto is going to be part of Facebook’s future. However, this coin will be listed to some stable currency and will be used for payyments. Bitcoin on the other hand is not going to be the payment currency – it will be stored vault, just like gold. If you really think bitcoin is gonna win this store of value, everything else needs to be used for something.”GlobalCoin Isn’t a Threat to BitcoinAs we’ve already wrote, Facebook’s GlobalCoin will probably be established as a stablecoin, pegged to the dollar or local currencies in the countries that will be allowed to use it. It is also likely to run on a private, centralized blockchain, owned and controlled by the company. Based on this fact, it can not be perceived as a direct competition to Bitcoin or other peer to peer decentralized digital currencies.Other coins that piqued Novogratz’s interest include Ethereum and EOS. These projects have to encourage developers to build on top of their platforms. Just few days ago he was comparing various cryptocurrencies with chemical elements in the periodic table. He then considered the role of altcoins, hinting that each coin will have “to prove themselves out” in order to provide a certain use case.On this note, Novogratz argued out that “there’s no one building anything on the Litecoin blockchain,” as opposed to the Ethereum blockchain.Recently, Novogratz made yet another Bitcoin prediction, claiming that the major cryptocurrency will beat its all-time-high record of $20,000 within the next 18 months.Mike Novogratz: Facebook’s GlobalCoin Won’t Rival Bitcoin
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Binance Exchange soon To Roll Margin Trading Service For the First Time

An official blog released by Binance exchange confirms the launch of Margin trading service. However, earlier on May 24, 2019, Binance tweeted two screenshots, seeking user’s suggestion on which layout would they be preferred, a white background one and the black background. It was first noticed on Binance’s Twitter handle when a tweet was posted with two different colors included with the tab of Margin. Nonetheless, it was to create the buzz of its upcoming feature but according to TechCrunch, it has already been tested among a few users. As the testing has already been undergone, it is worth to predict that the margin trading option will go live anytime soon. By usage, Margin trading is an option that enables traders to boost up their buying power by using their balances as collateral. However, it wasn’t available at Binance exchange even the binance itself as the largest exchange as well as  the margin trading option carries potential profit margin. It is the first of its kind of Binance to launch margin trading service whereas the other trading platforms including BitMex, Huobi Pro, Poloniex, Coinbaes’s GDAX and Kraken are already serving this service to their customers. Also Read – Binance’s BNB Token Jumps 12% to Hit $34 Following Margin Trade Interface Tease At the moment, Binance is the second largest cryptocurrency exchange in terms of adjusted volume of the last 24 hours. It presently counts the volume of $2,088,850,554. Nonetheless, its native token, Binance Coin (BNB) is soaring a new peak of $33.87 against US Dollar. According to data provided by Coinmarketcap (CMC), BNB is surging with 6.42 percent over the past 24 hours and presently valuing the average trading volume of $4,781,168,385. Image source – Coinmarketcap What’s your take on BNB’s soaring value.? Do you think it will jump higher citing margin trading option by Binance exchange.? Let us know in the comment below Image source – Techcrunch The post Binance Exchange soon To Roll Margin Trading Service For the First Time appeared first on Coingape.
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Is Facebook Launching its GlobalCoin Cryptocurrency Next Year? BBC Says Yes

There’s been a lot of information circulating that Facebook is moving into the crypto market. And while some of this information is outright false, other bits are true — at least, that’s what the sources say. Take today, for example. On Friday, BBC said Facebook (NASDAQ:FB) is going to roll out GlobalCoin next year in several countries. Here’s everything we know. Facebook’s GlobalCoin Hitting the Market Soon? According to BBC, a London, UK-based broadcasting company, Facebook is planning to roll out its cryptocurrency “GlobalCoin” in 2020. The online media giant, according to the BBC ... ﾿ Read The Full Article On CryptoCurrencyNews.com Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges. All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.
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Facebook’s GlobalCoin Allegedly to be introduced in 2020

The post Facebook’s GlobalCoin Allegedly to be introduced in 2020 written by Wieke Beenen appeared first on Blockchain News - Security and Utility Tokens, Tokenomics, Cryptoeconomics According to a report by the BBC, Facebook has serious plans introduce its own crypto currency. The facebook coin, internally referred to as ‘GlobalCoin’ will be introduced in multiple countries in the first quarter of 2020, after extensive testing at the end of this year. The new stablecoin which has been rumored about for a […] The post Facebook’s GlobalCoin Allegedly to be introduced in 2020 written by Wieke Beenen appeared first on Blockchain News - Security and Utility Tokens, Tokenomics, Cryptoeconomics
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