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Founder and CEO of Cardano.

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CEO of IOHK, Charles Hoskinson Reveals 1.6 Cardano Blockchain Update Release

In a tweet made on Tuesday, August 13, the CEO of IOHK, Charles Hoskinson revealed that the 1.6 Cardano update will roll out in “the next few days”. The tweet further read, “Send me some screenshots of the new Daedalus and let me know if you like it.” As for what this release means, it […]
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Charles Hoskinson Says Cardano’s 1.6 Update Will Take Off in a Few Days

In a tweet on August 13, 2019, Charles Hoskinson, CEO of Input-Output Hong Kong (IOHK) said the 1.6 Cardano update would take off in a few days. Hoskinson also revealed a lot of work went into releasing the new Daedalus ADA wallet. Cardano’s community, on the other hand, has shown excitement over the news of the impending update. Cardano’s 1.6 Update Scheduled to Take Off According to Charles Hoskinson, Cardano’s 1.6 update will be live within a matter of days. The CEO also asked the Cardano community to send screenshots of Daedalus, a hierarchical deterministic (HD) cryptocurrency wallet for storing ADA, Cardano’s virtual currency. Furthermore, Hoskinson revealed that a lot of work had been put into the new Daedalus ADA Wallet. He also said he is proud of the IOHK team that had strived to bring about the wallet’s release. Cardano Community Expresses Excitement Over Impending Update On the other hand, the majority of crypto enthusiasts who made comments on Hoskinson’s tweet applauded the impending new release of Cardano. While some specifically encouraged the CEO’s and team’s efforts in delivering quality, others asked if this version will be a significant improvement over version 1.5. Cardano 1.5, on the other hand, was released in March this year. According to IOHK in a blog post on March 22, 2019, it marked the beginning of a shift from the Cardano Byron era to the Shelley era. The blockchain company added that in Cardano 1.4, the last major work that was meant for the Byron code base was completed. However, in 1.5, only changes that would aid the smooth transition to Shelley were made. A lot of news has emerged from IOHK of recent. An instance is Charles Hoskinson’s announcement on June 17, 2019, that IOHK has signed an MOU with the Georgian government. According to the CEO, the agreement will enable IOHK to create the latest credential verification system using Atala and Cardano for the Georgia country. ADA, Cardano’s virtual asset is currently priced at $0.052 and has gained 2.42% within the past 24 hours despite the decline in Bitcoin’s price. Nonetheless, the crypto asset’s market capitalization is valued at $1.3 billion today, which is a significant decline from its $2.4 billion as of June 2019. ADA market cap’s drop has displaced it as the 11th largest crypto asset to the 12th position. The post Charles Hoskinson Says Cardano’s 1.6 Update Will Take Off in a Few Days appeared first on ZyCrypto.
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Cardano CEO Charles Hoskinson on Why Today’s Data Landscape is the Biggest Case for Decentralization

Data is one of the most valuable resources in today’s digital economy. It drives the decision making for companies around the world, and the insights derived from big data determine everything from shopping trends to healthcare diagnosis.  People’s unbridled participation in the internet economy – where every view, like, click, and retweet is collected into a veritable treasure trove of articulable insights – has created an incredible data deluge that is causing tension in 2019.  Collectively, people are creating 2.5 quintillion bytes of data every day, big data is bigger than ever before, and this creates both risk and opportunity for the companies that possess it.  Indeed, cybercriminals and bad actors know the value of these data stores, and they are targeting companies with sophisticated combinations of malware, phishing attacks, and other methodologies to wrestle this information free.  This is expensive for companies, and it’s terrible for consumers. IBM’s 2019 Cost of a Data Breach Study found that companies can expect to shell out nearly $4 million for a data breach. At the same time, global privacy regulations are aiding with consumers, giving them more power and control over their information and charging companies to protect it. AI and predictive analytics – two data-driven necessities in today’s globally competitive economy – grow in prominence, they are directly intersecting with these problems.  To ensure a best-of-both-worlds approach in which companies get the insights they need without compromising consumer privacy, something has to change, and that functionality is occurring through decentralization.  Decentralizing Big Data  Today’s data sets are already established, and companies are now scrambling to protect this information while still garnering the critical insights that it reveals. Consequently, the case for decentralization has never been more apparent.  While this term has taken on many meanings in the era of cryptocurrencies and blockchain technology, decentralization for the data economy represents disbursement and empowerment. To put it simply, when no one controls data, everyone is empowered to glean from its insights without compromising security or privacy. Endor a platform providing AI-powered business is at the center of this transition towards decentralization.  The company’s services, often compared to the Google of analytics, have already been applied at enterprise initiatives including The Coca-Cola Company and Israeli intelligence services. Their Endor Protocol strives to secure and improve data analytics by providing a fully-decentralized platform.  Ethereum co-founder and Cardano CEO Charles Hoskinson recently joined the project as an advisor, and he conveyed recently discussed the importance of decentralization in an interview with Endor co-founder and CEO, Dr. Yaniv Altshuler.    Noting that that today’s internet economy is dominated by middlemen that clog the process and create opportunities for compromise, Mr. Hoskinson advocates for decentralization as a methodology for empowerment that improves the experience for both companies and consumers.  Describing them as “middlemen of necessity,” Mr. Hoskinson notes that “they take, and they take value out of the transaction, they aggregate large amounts of data they do whatever they need to do for their particular business model.” Endor is disrupting this business model by allowing people to upload information directly to that platform. This data is encrypted and analyzed, protecting privacy at every step, essentially making it a GDPR compliant solution. Dr. Altshuler sees that “Whatever you want to know, you can ask, and you don’t need to disclose the semantics of your questions.” In other words, it’s a powerful privacy initiative through and through.  Capable and Secure  Cryptocurrencies and blockchain technology are disrupting virtually every industry, but none may be as affected as big data.  As companies increasingly rely on this information to make strategic decisions, they have to find a way to gain critical insights without compromising personal privacy or data security.  Decentralization is the best way forward.  Doing this without compromise is incredibly challenging. Endor is relying on its native EDR token to provide the incentive to create a dynamic platform that can meet this modern challenge, and already, the solution is being put to the test.  A South African banking network is deploying the Endor protocol to make lending decisions. Moreover, Endor won Metlife’s 2019 Innovation Challenge, and they will partner with the insurance giant to bring a new approach to data analytics to reshape the insurance industry.  Moreover, as Dr. Altshuler told Mr. Hoskinson, “we already work with several SMBs that can analyze their data or public data sets that we support with Endor Protocol in order to ask predictive questions.” Today’s data landscape isn’t showing any signs of slowing down, but decentralization is the way to make it work for everyone, something that Endor is setting out to prove one metric at a time.          The post Cardano CEO Charles Hoskinson on Why Today’s Data Landscape is the Biggest Case for Decentralization appeared first on Bitcoinist.com.
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Cardano’s Charles Hoskinson likens government’s crypto-involvement to the Chernobyl disaster

Cardano’s Charles Hoskinson shared his insights on Facebook’s latest crypto-venture, Libra, and the government’s intervention, in his latest AMA session. Over the past few weeks, Facebook’s Libra has faced a barrage of criticism  from lawmakers, further delaying the launch of the coin. Hoskinson suggested that the involvement of lawmakers in cryptocurrencies was nothing but fun, […] The post Cardano’s Charles Hoskinson likens government’s crypto-involvement to the Chernobyl disaster appeared first on AMBCrypto.
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Cardano claims to be a third-generation cryptocurrency that seeks to provide a scalable, interoperable and sustainable ecosystem with a two-layer architecture using a peer review-based approach to development

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Cardano CEO Gives Video Update

In his yesterday’s impromptu AMA, Charles Hoskinson, founder of Cardano (ADA), talks about the function of ADA tokens, the Cardano treasury, recent price drops, and a range of general topics.

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Stand Aside Libra, Binance’s ‘Venus’ is the New Sheriff in Town

Ever since Facebook unveiled its Libra cryptocurrency, the project has encountered regulators’ wrath across the world. However, governments, crypto exchanges, and institutions think that Libra is a great idea and they are now developing their local tokens to rival Libra. The People’s Bank of China is reported to be developing a token that will encroach the market that Facebook targets. The latest entrant into this race is Binance. This top crypto exchange announced that it will launch an open blockchain project dubbed ‘Venus’. The project aims to develop localized stablecoins throughout the world. In an official announcement published on August 19, the exchange said that it is perfectly positioned to launch such a currency ecosystem. The move comes in the wake of its existing public chain technology, Binance Chain. The public chain comprises of a wide user base and an already existing global compliance measures infrastructure. Leveraging Already Active Know-how Binance announced that it is looking for partnerships with corporations, governments, technology firms, and other blockchain and crypto projects. It aims to develop a new currency ecosystem that will empower the developed and developing nations. Furthermore, the exchange’s vision for its Venus project is to create a new open alliance and sustainable community. The community is meant to accept and enlist all partners who have influence globally. According to the announcement, Binance Chain already supports multiple native asset-pegged stablecoins. Some of the stablecoins that it runs include the Binance BGBP Stable Coin (BGBP) that is pegged to the British Pound and the Bitcoin (BTC)-pegged stablecoin (BTCB). Additionally, Binance says that it will leverage the existing infrastructure and experience with different regulatory regimes. That will enable it to set up a compliance risk control system and create a multi-dimensional cooperation network for the Venus project. Contending with Libra The new ambitious venture by Binance seems to compete directly with Facebook’s fiat-pegged stablecoin, Libra. Facebook’s wants to launch a system that will power a global cryptocurrency payments network integrated into the company’s wholly-owned apps that include Messenger, WhatsApp, and Instagram. The choice of this name ‘Venus’ seems to show that Binance is also entering the astrological waters. These waters feature the Winklevoss Twins’ Gemini dollar and Gemini exchange together with Facebook’s Libra project. Whether Venus will outmuscle Libra in the new global stablecoin space or not, only time will tell. Like what you're reading? Subscribe to our top stories The post Stand Aside Libra, Binance’s ‘Venus’ is the New Sheriff in Town appeared first on FXTimes.com - Daily Cryptocurrency and FX News.
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Binance Announces New Stablecoin Initiative Venus – the “One-belt-one-road Version of Libra”

The world’s largest cryptocurrency exchange Binance has announced the plan of launching an open blockchain project “Venus”, an initiative to develop localized stablecoins and digital assets pegged to fiat currencies across the globe. As per the announcement published today Aug.19, the localized stablecoin initiative will leverage the exchange’s existing infrastructure such as its public chain Binance Chain and cross-border payment systems, wider user base and already established global compliance measures. Bearing a similar vision with social media giant Facebook’s Libra, “Venus”, defined as a “regional version of Libra”, aims to break down the financial hegemony and reshape the world’s financial system, which enables latecomers to have more initiative and stability in finance, as well as enhance the economic efficiency of countries. The exchange says it is seeking “partnerships with governments, corporations, technology companies, and other cryptocurrency companies and projects involved in the larger blockchain ecosystem, to empower developed and developing countries to spur new currencies.” “We believe that in the near and long term, stablecoins will progressively replace traditional fiat currencies in countries around the world, and bring a new and balanced standard of the digital economy.” said He Yi, Binance co-founder and CMO. In its Chinese version of the announcement, the exchange believes that “Libras are growing at an exponential rate and will reshape the world financial system, bringing changes more than the Internet. Instead of resisting change and losing the opportunity, it is better to embrace the change. Under the planned economy system, the successful experience of Shenzhen’s bold exploration of market economy is a good case. At the same time, Libras need to be developed in an orderly manner under the regulatory framework.” In conclusion, it added three suggestions for the Chinese regulators – The central government should establish the core strategic position of blockchain industry and digital stablecoin in the future financial system; Establish a regulatory sandbox within a certain scope and pilot payment and settlement services based on digital stablecoin; Allow private enterprises to issue digital stablecoins and develop cross-border payment and settlement systems. Prior to it, Zhou Xiaochuan, the former governor of PBOC (People’s Bank of China), stated that Libra represents the trend of digital currencies, China should take precautions and undertake policy research. Following that, Huawei founder Ren Zhengfei  said that China can issue a Libra-like currency to take the lead in the blockchain sector. With these positive signals, the exchange is responsive and acting fast. Its cofounder He Yi said “Venus” is the “One-belt-one-road version of Libra”. Cofounder of Binance .@heyibinance said “Venus” is the “One-belt-one-road version of Libra” Totally nailed it pic.twitter.com/RqfaPH8zE1 — Dovey Wan 🦖 (@DoveyWan) August 19, 2019
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HyperCash, Metal, WePower and Bread Top All Cryptos; Coins as a Whole Up 1.66% Overall, 18 Coins Have Contracting Volatility

Yesterday’s Movers and Shakers Since yesterday, the coin that fared the best out of the 133 coins in our index was HyperCash, whose price is up 51.55%. Rounding out the top four currencies for the day were Metal, WePower, and Bread, which provided holders with returns of 17.75%, 13.98%, and 12.04% for the day. These moves were notable not only for their magnitude relative to other coins, but also because they were large and surprising relative to the volatility of each of these currencies over the past two weeks. Interested in trading these currencies? Some brokers to try: Gate, Yobit, Stex, Binance, DDEX, ETHfinex A Macro View of the Crypto Market Overall, the average change in coin price for the coins we’re tracking was up 1.6592%. On a more granular level, 65% of the coins we’re tracking were up while 35% of the coins were down. Below we can see the average daily change for the coins we are tracking our index over time. Since yesterday, 3 have crossed their 20 day moving average; these coins may be of interest to traders who believe the 20 day moving average may be a key level that draws traders in. Interested in trading these currencies? Some brokers to try: Gate, Yobit, Stex, Binance, DDEX, ETHfinex Currencies With Significant Price Moves The coins that crossed their moving average are: Chainlink, Verge, HyperCash. Likewise, volatility has continued to trend lower and contract for 18 of the 133 coins in our index; contracting volatility often precedes a breakout, so these coins may be gearing up for a larger move. The chart below drills down a bit more, featuring 4 currencies with contracting volatility that are trading below their moving average. Are these coins forming a bottom? Interested in trading these currencies? Some brokers to try: Gate, Yobit, Stex, Binance, DDEX, ETHfinex Article by SixJupiter The post HyperCash, Metal, WePower and Bread Top All Cryptos; Coins as a Whole Up 1.66% Overall, 18 Coins Have Contracting Volatility appeared first on DecentralPost.
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The Latest Satoshi Nakamoto ‘Reveal’ Is Actually Quite Compelling

The origin story of Bitcoin’s pseudonymous creator, Satoshi Nakamoto, has seen outright lies, conjecture, and its fair share of ‘reveals’. By now, for many, it has become irrelevant, and any new ‘revelation’ gains a healthy dose of cynicism. But here we are again, with a promise of an unveiling in little under 36 hours. Could it be different this time? I’m Satoshi Nakamoto, And So Is My Wife You could be forgiven for having a touch of Satoshi Nakamoto fatigue. In the past few months alone, we’ve endured multiple theories regarding an Estonian connection, a drug lord who invented Bitcoin purely to launder money, and a failed attempt at viral marketing (anybody actually use PAI news?). Not forgetting, of course, Craig Wright’s ongoing delusion in the face of mounting evidence of his serial forgery. So when a new website appears claiming that ‘all will be revealed’ in a three part series of posts… well you’ve got to expect it to be taken with a(n un)healthy pinch of salt. But that’s exactly what happened over the weekend. We even got to read the first part of the three-part reveal, and… it’s strangely compelling. Satoshi Nakamoto Renaissance Holdings The website bears the name ‘ Satoshi Nakamoto Renaissance Holdings’, and the ‘Truth’ is as told to Ivy McLemore, a PR and marketing consultant… and apparently a man. So far, so readily dismissible as another waste of time marketing ploy. The site even admits that part three of ‘My Reveal’, along with the Nakamoto’s true identity, will provide details about Tabula Rasa, Satoshi’s vision (sorry Craig) for the future of Bitcoin. But if this is just another attempt to cash-in on the Bitcoin bandwagon, then whoever is involved has done a better job than most of the others. Names, Numbers, And A Chip On His Shoulder The fact that ‘Satoshi Nakamoto’ has a beef against the banking industry will come as a shock to no-one. The fact that this beef harks back to the 1991 closure of the ‘World’s Sleaziest Bank’, BBCI might. Allegedly, part of his motivation was to redeem BCCI, even going so far as basing the name of Bitcoin on it; Bank of CredIT and COmmerce INternational. He also had trouble opening a bank account when visiting the UK. According to this latest ‘testimony’, Satoshi came from Satoshi Sumita, a Japanese Central Banker, who presided during a period when the country became the world’s largest creditor nation. Satoshi was also an exact match in Chaldean numerology (which also features greatly) for Nakamoto’s childhood nickname of ‘Shaikho’. Nakamoto came from Hal Finney, who helped him to create Bitcoin. Dorian Satoshi Nakamoto lived in the same California neighbourhood as Finney. He was later mistakenly identified as the Bitcoin creator by Newsweek. Satoshi Nakamoto is the number 55 in Chaldean numerology, representing the total and complete man. Finney also provided remote computers to work on, leading some to speculate that Nakamoto had been based in California. He had actually started his work in Pakistan, later travelling between Pakistan and the UK. ‘Nakamoto’ describes Finney as his Steve Wozniak, the technical genius who partnered Steve Jobs at Apple. The Best Is Yet To Come So part one of ‘My Reveal’ is detailed, fits some of what we already know about Nakamoto, and explains some of the things that we didn’t know. And the best bit is that we don’t have to wait too long for parts two and three. Part two, available at 4pm EST today, will reveal more about how Nakamoto’s belief in Chaldean numerology influenced many of his decisions regarding the development of Bitcoin. It will also give all the facts about his 980,000 BTC personal stash. Then part three will be published just 24 hours later. Will we finally learn Satoshi Nakamoto’s real-life identity, and his vision for the future of Bitcoin? Craig Wright must be quaking in his loafers… or sitting smug in the knowledge that this is just a ploy, and he is the real… nah, just kidding, quaking in his loafers. Do you think this time Satoshi Nakamoto will finally reveal his/herself? Let us know your thoughts in the comment section below! Images via Shutterstock The post The Latest Satoshi Nakamoto ‘Reveal’ Is Actually Quite Compelling appeared first on Bitcoinist.com.
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