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Prospects Of The New Baidu Blockchain Engine (BBE) To Develop A DLT OS Super Chain Network

Prospects Of The New Baidu Blockchain Engine It is not out of place for world-renowned technology companies to delve into the cryptosphere with their own unique innovation and offerings. New crypto-bound innovations are now like a healthy competition that keeps improving existing products and services geared towards making life better. Trending on the list of this trend is the launching of the Baidu Blockchain Engine by the Chinese Tech giant Baidu. The Baidu corporation is a pioneer and leading search engine in China, the first company to receive such license in the fast-growing tech country in the year 2000. It is one of the largest Artificial Intelligence (AI) and internet companies in the world. It's progressive and technology-driven mantra has to lead the company to launch its Baidu blockchain engine. Baidu Blockchain Engine was created by Baidu’s Cloud Division. Features Of Baidu Blockchain Engine The Baidu Blockchain Engine is an operating system designed to help developers in Decentralized Application DApp development. With this operating system, developers would be able to create applications in the same way that one does for smartphones. Built on a modular framework, the BBE offers 6 major features: trusted computing environment; cross-chain interactions; high performance, scalable storage, and throughput; smart contract security auditing; and intelligent smart contracts. BBE was developed on Baidu’s concept of ‘ABC’, which comprises of artificial intelligence (AI), big data, and cloud computing. Baidu Cloud with this new release hopes that BBE would help solve some major challenge of the current blockchain model such as high data storage costs and inefficient single-machine storage and computing bottlenecks to mention a few. Baidu cloud hopes to boost the economic value of the blockchain ecosystem. Contributions Of Baidu In digital Currency Relevance Baidu cloud has been at the forefront in bringing innovations to the digital currency space. In January 2018, Baidu launched Baidu Trust, a blockchain-as-a-service (BaaS) platform. In April, the company launched another blockchain platform called Totem, which is a tool to help protect photographers' work against unauthorized use and also to connect clients to stock photos. And last June, Baidu announced the development of Super Chain to optimize energy efficiency in crypto mining. Baidu Blockchain Engine is the latest development in a series of moves to facilitate the adoption and application of efficient blockchain technology. Summary The introduction of the Baidu blockchain Engine is an innovative drive that fuels cohesion. Now more than ever, developers would find it easier and or more convenient to create a DApp and tailor it to suit their intended purposes. Bitcoin (BTC), Ethereum (ETH), XRP (Ripple), and EOS Price Analysis Watch (Feb 19th)
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Baidu Launches Blockchain Engine for dApp Developers

China’s search engine giant, Baidu, has launched the Baidu Blockchain Engine (BBE), an operating system based on Artificial Intelligence, Big Data, and Cloud Computing, which will enable developers to design decentralized mobile applications in an easier and faster way, according to a press release published February 14, 2019. Developer-Friendly Per the report, Baidu has launched BaiduRead MoreRead More. The post by Ogwu Osaemezu Emmanuel appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News
BTC Manager

JP Morgan Launches Its Own Digital Currency, And China’s Baidu Reveals Blockchain OS

The State of The Market — February 15, 2019 BTC: $3,640.40 (+0.69%) ETH: $123.21 (+0.91%) XRP: $0.303646 (+0.20%)After a slow decline in the last couple of days, the crypto market posted small gains today. While Bitcoin is still struggling to move past $3,650, the total market cap added nearly $1.5 Billion in the last 24 hours. All of the top 10 cryptocurrencies are in green right now, posting single-digit gains. A clear trend could emerge over the weekend when volumes are low. Meanwhile, Ethereum managed to defend its support at $100 this week, and Ripple has bounced back above $0.30.In other news, Coinsquare, one of the largest cryptocurrency exchanges in Canada, has announced the acquisition of the StellarX decentralized exchange as it continues to evolve its platform. The StellarX team says purpose behind the acquisition is to allow for the StellarX platform to fulfill its potential as Coinsquare offers regulatory experience and a full scope plan to build around the platform, as well as an established network in the United States, Europe and Canada. Also, OKEx now offers Thai baht-to-crypto trading on its client-to-client (C2C) platform. At the moment Bitcoin, Tether, Ethereum and Litecoin can be traded with Thai baht on the move is designed to recruit merchants. OKEx also announced that it had hosted a conference in Bangkok to “bring industry leaders together to exchange ideas on blockchain technology.”1) American bank JP Morgan is set to release a digital currency called JPM Coin. It will be used to settle a small portion of its transactions between clients of its wholesale payments business in real time. The American bank moves over $6 Trillion every day as a part of that business. JP Morgan claims it could also be used to provide instant settlement for securities issuances and even replace the US Dollar held internationally by subsidiaries of major corporations using JPMorgan’s treasury services. Eventually, it could even be used for mobile payments. JP Morgan’s CEO Jamie Dimon is not a fan of cryptocurrencies. On multiple instances, he has criticized Bitcoin and called it a fraud. However, that is not stopping his bank from releasing its own cryptocurrency. (Read More)2) Chinese search engine giant Baidu has announced the launch of its Baidu Blockchain Engine (BBE), an operating system for decentralized application (Dapp) development. It is a product of Baidu’s cloud computing unit, Baidu cloud. BBE is an open source, commercialized platform, to simplify Dapp development. It provides developers with services such as multi-chain and middle-tier frameworks, as well as smart contract and DApp templates. Additionally, it comes with enhanced data security and privacy protection. BBE will be compatible with Baidu’s existing cloud services. (Read More)3) Digital currency investment firm Grayscale published its financial report for 2018, over which time they attracted nearly $360 million to their coffers. Grayscale oversees crypto investment trusts that give investors exposure to some of the leading cryptocurrencies, including Bitcoin, Ethereum, and XRP. Of the total amount raised last year, two-thirds of the funds, or $237 million, originated from institutional investors in what turned out to be one of Grayscale’s best calendar years ever. Nonetheless, inflows slowed in the final months of 2018, as evidenced by $30.1 million coming in versus $95.4 million in the year-ago period. (Read More)Subscribe to the Berminal Brief NewsletterDownload Berminal App for FreeThe Berminal WebsiteBerminal Official TelegramBerminal TwitterJP Morgan Launches Its Own Digital Currency, And China’s Baidu Reveals Blockchain OS was originally published in Hacker Noon on Medium, where people are continuing the conversation by highlighting and responding to this story.
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JP Morgan Coin!!?? Baidu Blockchain, KT Korea, HSBC, Kriptomat - Crypto News

JP Morgan Cryptocurrency JPM Coin is a US bank-backed stablecoin https://twitter.com/Altcoinbuzzio/status/1096029580568100864 https://www.cnbc.com/amp/2019/02/13/jp-morgan-is-rolling-out-the-first-us-bank-backed-cryptocurrency-to-transform-payments--.html Chinese search engine giant Baidu has launched Baidu Blockchain Engine (BBE), an operating system for the development of DApps https://www.financemagnates.com/cryptocurrency/news/baidu-launches-blockchain-os-for-dapp-development KT Corporation, has been selected to develop a local cryptocurrency in the South Korean city of Gimpo http://www.zdnet.co.kr/view/?no=20190214093448 https://cointelegraph.com/news/south-koreas-largest-telecom-company-to-develop-local-crypto-report Regulated Fiat-to-Crypto Exchange to Gamify Trading with ERC-1155 Tokens https://www.altcoinbuzz.io/crypto-news/product-release/regulated-fiat-to-cryptocurrency-exchange-to-gamify-trading-with-erc-1155-tokens HSBC Exec Says Using Blockchain Slashed Forex Trading Costs by 25% https://www.coindesk.com/hsbc-exec-says-using-blockchain-slashed-forex-trading-costs-by-25 DISCLAIMER The information discussed on the Altcoin Buzz YouTube, Altcoin Buzz Ladies YouTube, Altcoin Buzz Podcast or other social media channels including but not limited to Twitter, Telegram chats, Instagram, facebook, website etc is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the writer, reviewer or narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
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What’s new? Vitalik Buterin promises a bright future with infinite scalability for Ethereum and doesn’t believe in the financial power of Rothschilds, Visa network halted all transactions, more and more wealthy people invest in crypto, and new crypto doom predictions.

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Ravencoin Grows 20% And Continues to See RVN Token Surge in the Crypto Market

There are several altcoins that are registering interesting growth rates in the last weeks. This time, Ravencoin (RVN) was able to pump once again over 20% in just 24 hours. Although Bitcoin keeps being traded sideways, there are some altcoins that are behaving very positively. Ravencoin Spikes 20% Ravencoin was able to grow 20% and […]
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Bitcoin [BTC] Futures in good stead against its Spot equivalent: Bitwise Report

Bitcoin [BTC] Futures were thought to be a snippet of the overarching cryptocurrency market, though meager in comparison to the larger spot market. A recent report from Bitwise Asset Management, the crypto-centric investment firm has stated otherwise. In a March 20 report presented to the United States’ Securities and Exchange Commission [SEC], Bitwise analyzed the Chicago Mercantile Exchange [CME], and the Chicago Board Options Exchange, with ten prominent cryptocurrency exchanges’ in terms of their trade volume. Prior to shedding light on their Futures versus Spot findings, it must be noted that the report revealed that 95 percent of the trading volume of unregulated exchanges were seemingly “fake and/or non-economic wash trading”. Taking into account this disparity, the percentage of futures volume to their spot equivalent increases from 1.51 percent to 33.33 percent. Reported Spot volume totaled $6 billion, but after removing the “suspicious exchanges”, the actual volume recorded dropped to $273 million, in comparison to the futures market volume of $91 million. Furthermore, the increase in futures’ volume as a percentage of the spot market has been steadily increasing. From November 2018 to January 2019, the futures market was just over 15 percent, and almost doubled in February 2019 to 33 percent. Since the Futures contracts were approved in December 2017, only on two occasions did the Futures volume, in comparison to the Spot market, shoot above 20 percent; this was in May and August 2018. Futures Volume expressed as a percentage of their Spot Equivalent In terms of their stand-alone trade volume, the CME and the CBOE are in good stead against the world’s top cryptocurrency exchanges. The daily volume the CME, which brings in $84.82 million, ranks second behind Binance’s $110.5 million and ahead of Bitfinex, which records $38.06 million in daily trade volume. The CBOE also fairs well, taking the ninth spot on the ladder, ringing in $6.12 million in daily trade volume. Gemini takes the eight spot with $8.11 million and itBit caps off the top-10 with $5.58 million in daily volume. Notable, among the top-12, eight exchanges are registered within the United States. Despite the CBOE’s comparative success against the spot exchanges’, it has not been performing well against its cross-town rival, the CME. This slump forced the CBOE to delist their Bitcoin Futures [XBT] for March 2019. However, the XBT futures that are yet to expire later in the year will not be off-loaded prematurely. Bitwise also points out that the CME Futures Price tracks the Global Spot Price based on an arbitrage model. Given below is a chart attesting the same: Arbitrage between the CME Futures price and the global Spot price The post Bitcoin [BTC] Futures in good stead against its Spot equivalent: Bitwise Report appeared first on AMBCrypto.
AMBCrypto

How Cryptocurrency Trading Volume Fiasco Can Lead to Bitcoin ETF Approval

The SEC has held the ETF approval for Bitcoin and Cryptocurrency for a couple of reasons. The most significant reason for the same has been the unregulated marketplace. While decentralization in Bitcoin is an attribute that makes it an ideal asset class, the market places or Exchanges that provide for conversion of FIAT to Cryptocurrency is still controlled by independent entities. A recent report by Bitwise Asset Management published by the SEC inferred that more than 95% of the cryptocurrency volume is being faked. Hence, according to that, the ‘actual spot volume’ on cryptocurrency exchanges is a little above $270 million. Moreover, the reported volume of CME and Cboe Bitcoin Futures is more than one-third of the ‘actual spot volume’ estimated by Bitwise. According to Bitwise Asset Management, This is good news because it means CME— a regulated, surveilled market— is of material size, which important for an ETF. The case of a Bitcoin ETF Approval Now CME Bitcoin Futures reported a spot trading volume of $85 million. Moreover, according to Bitwise Asset Management, the actual trading volume of the Crypto-to-FIAT Exchanges is around $273 million. Hence, according to this statistic the Futures Trading Volume of CME alone accounted for 31.1% of the ‘Actual Exchange Volume.’ Moreover, there are other Bitcoin Futures market active in Europe and Japan as well. Hence, going by the above statistic, it can be said that the institutional investment might be in parity with the unregulated investment in Bitcoin. However, the Exchanges have reported total spot volumes total to the tune of $6 billion. This can necessarily raise doubts on its demand being higher than $100 billion. However, it does not directly affect the total market capitalization of a cryptocurrency.   Parity Between Spot Trading of Bitcoin and Gold The spot trading volume of Gold is 0.55% of its total market capitalization, while according to Bitwise statistics spot ‘actual spot trading on Bitcoin is 0.39%. If the CME Futures volume is included in this data, the percentage will increase to 0.51%. The OTC trading volume on most exchanges is also not added in the Exchange Data. All this suggest that the institutional investment in Bitcoin is considerably more significant than one expects. It is not only healthy in volume but also agrees statistically with the closest relatable asset class, i.e., Gold. Hence, a new form of informational mechanics for the trading of Bitcoin and Cryptocurrency in regulated Exchanges could alleviate the doubts around the Bitcoin ETF approval.   The post How Cryptocurrency Trading Volume Fiasco Can Lead to Bitcoin ETF Approval appeared first on Coingape.
CoinGape

Top 5 Crypto Performers Overview: ONT, ADA, ETC, BCH, IOTA

Top 5 Crypto Performers Overview: ONT, ADA, ETC, BCH, IOTA The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. […] Cet article Top 5 Crypto Performers Overview: ONT, ADA, ETC, BCH, IOTA est apparu en premier sur Bitcoin Central.
Bitcoin Central
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