We are already in March and this year has been quite promising for the Blockchain or rather the Distributed Ledger technology in general. We will highlight some of the best aspects which recently came to light in and how each of them contributed towards the betterment of the Blockchain landscape.
Is the Bitcoin Bull Market even a Thing?
It is a known fact that Bitcoin, one of the first Blockchain-specific cryptocurrencies is currently in the news for all the wrong reasons. While the bearish exhaustion period around $3,300 did break a lot of hearts, experts feel that the $4,236 point around the Christmas Day was certainly more of a bullish trend initiator, at least going into the future. However, in order to realize the true bullish potential, this cryptocurrency will have to move ahead by at least $350. What’s encouraging for the news mongers is that Bitcoin is currently floating above the MACD or Moving Average Convergence Divergence figure.
What’s with Facebook Coin?
The new Stablecoin project might just be Facebook’s faux pass into the world of distributed ledger technology. Barclays lead analyst, Ross Sandler believes that the social media giant’s intervention might just be the greatest moneymaker of all time. Moreover, this would allow Facebook to strategize things better besides streamlining the micro-payment strategy associated with content distribution. However, according to Sandler, the company might face challenges in regards to demonstrating value propositions and overcoming the consumer trust issues.
Samsung and its New Crypto Wallet
So here is some good news for the Samsung loyalists as this Smartphone giant has finally divulged details regarding its cryptocurrency wallet. However, for now this wallet will be exclusive to the flagship device i.e. the Galaxy S10 and the compatibility will be restricted to ETH and ERC20 tokens. While Bitcoin isn’t supported as of now, we could expect it to get integrated with time. For those who are interested in learning more about the wallet, it comes with four Dapps or rather decentralized applications including the likes of Cosmee, CryptoKitties, CoinDuck, and Enjin.
Emaar Group to Explore the World of Blockchain Technology
The owner of the magnificent Burj Khalifa i.e. the Emaar Group is expected to start a Crypto Token system for the partners and consumers by the end of this year. While starting with an ICO or rather an Initial Coin offering might sound like an interesting prospect for many, the customers will have to understand more about this token system in detail. Initially, the company would concentrate on offering a share in holdings by offering services and features in regards to mall usage, online shopping flexibilities, entertainment options, and more. The company, for now, has a vision of targeting at least 1 billion users via this project.
Vitalik Butterin Proposes the Concept of Wallet Fee
The creator of the famed Blockchain project, Ethereum, has finally made a revelation which could help a lot of developers. Increasing the user fee in regards to wallet fee would surely be a good move as there are many developers who are looking for some additional funds to keep mining crypto coins. However, more like a decentralized platform, the fee will be a norm and never a mandate for the customers.
Can Crypto Wallets be used as SIM Cards?
Up till now, the physical significance of the Crypto Wallets was debatable but now we have something that is synonymous to a more physical entity. VaultTel, a startup that’s based in the United States has come up with a tiny hardware-specific wallet that can sit on the SIM tray and work accordingly. This new and presumably efficient technology is expected to make use of the Intellichip card which also makes way for military grade encryption options and even biometric authentication. When it comes to the underlining technology behind VaultTel’s Intellichip, the company has used AES or rather the Advanced Encryption Standard 512 that is capable of securely storing customer data while restricting wallet usage, in case of theft and other instances.
Blockchain Banking: How Medici is looking to Acquire Stakes?
While we all know about Overstock, its Blockchain-specific investment hand i.e. Medici Ventures is planning to acquire a sizeable 5.1 percent stake in Bankorus i.e. a banking startup with Blockchain as the backbone. When it comes to validating the interest levels of Medici in Bankorus, the banking startup is known to help institutions and even individuals when it comes to lending, selling, storing, and even buying digital assets. Medici is known to show interest in similar companies and its acquisition pertaining to Chainstone Labs is something that can be referenced. At present, Medici Ventures has expanded its repertoire to 20 companies and is planning to acquire stakes in many more.
Can Blockchain Be Used To Manufacture iPhone And MacBooks?
If we were to read between the lines regarding Apple’s new Conflict Minerals Report, we would understand that similar to Samsung, this company is also expected to introduce Blockchain technology into the scheme of things. While we presume that certain industry-specific standards are already being implemented, the company needs to take the human rights, environmental, and even social considerations into the play.
So here are certain Blockchain specific developments right at the beginning of 2019 which might just shape the remaining part of the year. While every news piece is different, they hint towards the common tonality regarding Blockchain supremacy. In years to come, Blockchain technology will start evolving in the most celebrated of ways with aspects like gaming covered extensively within the tutelage of Distributed Ledger technology.