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Beijing Internet Court Launches a Judicial Blockchain System with Baidu

The Beijing internet court has recently announced a judicial blockchain system called the Scale Chain, or “ Tianping Chain” in Chinese, to store digital evidence, the Beijing News reported on Sunday. “Tianping Chain” is China’s leading blockchain-based platform for depositing electronic evidence which is jointly built by the Beijing Internet Court, China Industrial Control Systems Cyber Emergency Response Team (CICS-CERT), a research academy under the Ministry of Industry and Information Technology (MIIT), the internet conglomerate Baidu and a leading blockchain start-up, TrustDo. The platform is based on Baidu’s “Super Chain” infrastructure,a blockchain-focused network operating system independently developed by the firm. In fact, this is the second judicial blockchain system launched in China. Hangzhou, the capital city of Zhejiang Province and home to the country’s first internet court, has launched its judicial blockchain platform in September which aims to increase credibility across all court procedures of generating, storing, distributing, and using electronic data. Similar to Hangzhou’s first mover in blockchain-enabled judicial practice,  “Tianping Chain” streamlines the process of gathering and storing evidence, and ensures the authenticity of digital evidence due to blockchain’s tamper-proof nature. Besides, it can help save time and reduce overhead costs for seeking justice for internet related disputes. Since it was launched 3 months ago, “Tianping Chain” has been used in multiple scenarios, such as the protection of copyright, supply chain finance, e-contracts, third-party data service platforms, banking, insurance and internet finance. With 17 nodes, the blockchain platform has gained access to data from 24 Internet platforms or third-party data platforms. As of December 22, it has collected more than 1 million piece of data ,  and recorded 18,7623 documents regarding evidence deposition and 316 pieces of validated evidence. The Beijing Internet Court which was established in September processes cases purely through the web and typically deals with cases including internet copyright infringements, e-commerce disputes and contracts signed over the internet. And China’s Supreme People’s Court ruled in the same month that internet courts across the nation would recognize blockchain data as one form of digital evidence.

December Sees an Influx of Interest From Financial Institutions Sequoia, Baidu, Nasdaq, and Fidelity

The bear market seems to have strengthened the trust of large financial institutes like Sequoia, Baidu, Nasdaq, and Fidelity. They are just a few large VCs, tech conglomerates, and finatech institutions to bet heavy on cryptos last week. Just a couple of days back BitcoinExchangeGuide had reported that the second largest stock market operator, Nasdaq, and Fidelity, the fourth largest asset managers in the have invested in ErisX. ErisX is a cryptocurrency trading platform that is still working to get their progress going. However, with a recent Series B funding round that closed today at $27.5 million, it is safe to say that they are prepared to push their momentum to a new level. Contributors to this investment include Bitmain, ConsenSys, Fidelity Investments, Nasdaq Ventures, and Monex Group. These businesses are significant for their current roles in the financial industry, considering that the NASDAQ is the second-largest exchange in the world, and Fidelity handles $7.2 trillion in their clients’ assets. So far, none of the contributors have released the amount of their contribution. In the past, Eris Exchange has also received support from TD Ameritrade, but their goal now is to be the home of a Commodity Futures Trading Commission-regulated futures market and clearinghouse. J.B. Mackenzie, the head of futures and foreign exchange trading at TD Ameritrade had earlier stated that their stake in ErisX confirms its concern in building a platform with which accredited investors can partake in the crypto ecosystem. ErisX CEO Thomas Chippas said: “With increasing financial support from leading-edge firms, ErisX stands to provide the most robust, secure and regulated digital asset offering available to both institutional and individual participants. Closing this second round of funding enables us to continue building our modern platform and expand our team.” The crypto market has continuously shown signs of a fertile market which shows hints of longevity and high demands. Now, cases like these and involvement of Sequoia, Nasdaq and Fidelity reaffirm that the interest of larger institutes has just begun.
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Conflux’s Scalable Blockchain Network Attracts Baidu, Sequoia, Huobi and More in $35 Million Investment

Dr. Andrew Chi-Chih Yao is known in China as the “godfather of computer science.” He won the Turing Award, which is an annual honor that provides the recipient with $1 million as a result of their successes in computer science. His work has led him to establish a new blockchain-style network called the Conflux Foundation, which is registered in Singapore and is led by several other academics. Conflux recently secured $35 million in funding from multiple big-name investors, like Sequoia Capital, Baidu Ventures, F2Pool, Huobi, Metastable, and IMO Ventures. Considering that the present development team only includes 10 people, the first task at hand is to start employing additional workers. From there, a testing environment is expected to launch by February, as the public blockchain is ultimately launched between July and September 2019. Much of the reason for creating Conflux in the first place is to overcome the issues with scalability that the crypto community has continually had issues with. The new Testnet, once established, should have the capacity to process “at least 6,500 Transactions Per Second (TPS), while supporting at least 20,000 nodes.” While speaking with Fortune, co-founder Fan Long of the University of Toronto said, “Conflux’s main idea is how to make the whole blockchain scalable. We’ve changed the structure of the blockchain so that it’s no longer a chain in the sense that it records each block based on what its parent block says… Contrary to popular belief, true decentralization isn’t sacrificed to increase throughput.” The company plans to pursue this improved scalability with a directed acyclic graph (DAG). While it is like a blockchain system, it differs in the way that it uses a topologically ordered system. The transactions are filtered through multiple network chains. DAG is combined with a proof-of-work consensus algorithm, which is enabled for smart contracts and dApps as well. Long believes that these efforts will help the platform to work beyond the Initial Coin Offering (ICO) space. According to a recent study, the Depository Trust & Cleaning Corporation found that the current state of blockchain made it possible to keep up with the current daily trade volume experienced in the U.S. market. However, improving upon this will ready the country and the rest of the world for more investors. Long commented that the main goal appears to be the ability to create a network that scales easily for fast transactions. He added, “That goal sounds easy and similar to what every other project is saying. But it’s actually really difficult. Because what we need is a highly productive public network for high-value applications, not just several blockchain-based games.”
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TRON Partnering with BAIDU? - Or Another FOMO Marketing Scheme?

💰Get on the Waiting List ★ All about that Tron Tron // GET THE APPS 💰 Social Exchange - 🚀 Market Cap - 💥 Stay Woke - 📚 Free Email Course - // GET STARTED 🚀 Become a Cryptonaut - Support us on 💻 Join us at the PUB! - 💰Get a Coinbase Wallet! - - Sign up! // WE DO SOCIAL 🔑 Decentralized Newsletter - 📔 Twitter - 💻 Google+ - ✏️ LinkedIn - 💻 Medium - Music by Charles Giovanniello, a Bitcoin Pub community member! Note: This is not financial advice as all investing is speculative. Have fun and good luck!
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Grayscale Adds Stellar as Latest Cryptocurrency Investment Trust

Grayscale Adds Stellar as Latest Cryptocurrency Investment Trust Digital currency investment group Grayscale confirmed it had successfully launched its latest fund, dedicated to Stellar’s Lumens (XLM) token, in a tweet Jan. 17. Grayscale, which now operates nine cryptocurrency funds, timed the move to coincide with a change of image for its products, renaming all its […] Cet article Grayscale Adds Stellar as Latest Cryptocurrency Investment Trust est apparu en premier sur Bitcoin Central.
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Researches from MIT, Stanford Set to Replace Bitcoin with Their Groundbreaking Crypto Project

CoinSpeaker Researches from MIT, Stanford Set to Replace Bitcoin with Their Groundbreaking Crypto Project Until now, everybody has been talking about Bitcoin, the most popular and widely used digital currency. However, Bitcoin is unable to process thousands of transactions a second. Researchers from the Massachusetts Institute of Technology (MIT), UC-Berkeley, Stanford University, Carnegie Mellon University, University of Southern California, and the University of Washington have decided to fix such a weakness and develop a crypto asset better than Bitcoin. The researchers are working together as Distributed Technology Research (DTR), a non-profit organization based in Switzerland and backed by hedge fund Pantera Capital. The first initiative of Distributed Technology Research is the Unit-e, a virtual coin that is expected to solve bitcoin’s scalability issues while holding true to a decentralized model and process transactions faster than even Visa or Mastercard. Babak Dastmaltschi, Chairman of the DTR Foundation Council, said: “The blockchain and digital currency markets are at an interesting crossroads, reminiscent of the inflection points reached when industries such as telecom and the internet were coming of age. These are transformative times. We are nearing the point where every person in the world is connected together. Advancements in distributed technologies will enable open networks, avoiding the need for centralized authorities. DTR was formed with the goal of enabling and supporting this revolution, and it is in this vein that we unveil Unit-e.” According to the press release, Unit-e will be able to process 10,000 transactions per second. That’s worlds away from the current average of between 3.3 and 7 transactions per second for Bitcoin and 10 to 30 transactions for Ethereum. Joey Krug, a member of the DTR Foundation Council and Co-Chief Investment Officer at Pantera Capital, believes that a lack of scalability is holding back cryptocurrency mass adoption. He said: “We are on the cusp of something where if this doesn’t scale relatively soon, it may be relegated to ideas that were nice but didn’t work in practice: more like 3D printing than the internet.” The project’s ideology is firmly rooted in transparency, with a belief in open-source, decentralized software developed in the public interest with inclusive decision-making. The core team of the project is based in Berlin. To solve the scalability problem, DTR has decided to develop the Unit-e with parameters very close to Bitcoin’s design, but many things will be improved. Gulia Fanti, DTR lead researcher and Assistant Professor of Electrical and Computer Engineering at Carnegie Mellon University, commented: “In the 10 years since Bitcoin first emerged, blockchains have developed from a novel idea to a field of academic research. Our approach is to first understand fundamental limits on blockchain performance, then to develop solutions that operate as close to these limits as possible, with results that are provable within a rigorous theoretical framework.” The launch of the Unit-e is planned for the second half of 2019. Researches from MIT, Stanford Set to Replace Bitcoin with Their Groundbreaking Crypto Project

BitPay CEO Says Bitcoin Is Solving Real Problems Around the World

BitPay co-founder and CEO, Stephen Pair, has recently commented that Bitcoin (BTC) is solving several issues around the world. He said that in a press release uploaded a […] The post BitPay CEO Says Bitcoin Is Solving Real Problems Around the World appeared first on UseTheBitcoin.
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Trillion Dollar Market Cap, Ethereum Chain Splits & Stellar Lumens Fund - Crypto News

In this video, Mattie gives you the latest bitcoin and crypto news. He talks about the ethereum chain splitting, BitGo CEO Says Institutional Money in Crypto Can ‘Easily’ Reach Trillions of Dollars, and a new Stellar Lumens fund. This is a daily segment! ----------------------------------------------------------------------------------- CHECK OUT OUR PODCAST: New episode every Monday and Friday! ----------------------------------------------------------------------------------- Check out Altcoin Buzz Ladies! ---------------------------------------------------------------------------------- Connect with us on Social Media: Twitter: Facebook: Telegram: ---------------------------------------------------------------------------------- Looking for the best cryptocurrency wallets? Check these out: BitLox: CoolWallet S: Trezor: Ledger Nano S: KeepKey: Read about them here: --------------------------------------------------------------------------------- References: Leading Crypto Asset Manager Grayscale Launches Stellar Lumens Trust Crypto Investment Firm Grayscale Launches Fund Dedicated to Stellar Lumens (XLM) Grayscale Tweet Grayscale BitGo CEO Says Institutional Money in Crypto Can ‘Easily’ Reach Trillions of Dollars As Company Launches Cold Storage Trading Crypto’s Billion-Dollar Theft Problem Prompts Safer Way to Trade Ethereum Chain Splits, An Estimated 10% of Miners Stay on Constantinople Ethereum Upgrade – Constantinople Hard Fork Delayed VanEck to Nasdaq: Bitcoin Market Structure Expected to Improve in 2019 Nasdaq Tweet -------------------------------------------------------------------------------- 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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