Image Of The Weekend, 8-9 of September: Forbes, Hacked, Daily Hodl and Others
We're presenting "image of the weekend". Bitnewstoday.com has chosen the most important news about the digital economy and virtual currencies. Only the most valuable stories from only the trusted sources. Each and every event from this list will change the world of the digital economy either way. The most important stories of this weekend in the most indicative quotes are below!
1. BLOCKCHAIN STRUGGLES (Forbes)
Enterprise Blockchain Struggles To Carve Out A Niche
The ‘revolutionary,’ ‘change the world’ promise of decentralized, permissionless blockchain solutions (including most cryptocurrencies) may be descending into a quagmire of get-rich-quick schemes, scams, and organized crime activity, but blockchain as a whole is not dead yet.
What remains above the waterline: a quieter hotbed of innovation we call ‘enterprise blockchain.’ As opposed to their problematic crypto cousins, enterprise blockchain solutions are largely permitted and centralized – thus potentially making them safe for corporate use. But it’s still too early to tell, which enterprise blockchain approaches will become viable long-term.
2. ALL ABOARD THE HYPETRAIN! (Hacked)
Holochain: The New Blockchain?
Holochain is yet another contender in the fray. While it aims to provide a solution to the scalability question, it takes quite a different approach, as it technically isn’t even using a blockchain. As stated on Page 1 of the Holochain whitepaper, Bitcoin’s approach to the problem is a data-centric one that focuses on creating a single, shared data reality (in this case the Bitcoin blockchain) that is hosted by all participants.
Holochain’s approach is an agent-centric one, enabling the sharing of independently evolving data realities amongst participants as long as some ground rules are established and adhered to by participating agents or users. Git is the most well-known project with this approach, creating forks when differences of certain degrees are made in the code, allowing two projects to exist on the same fundamental layer. Just as different species come from the same origin, different applications can emerge from the same layer.
3. AUSSIE BLOCKCHAIN DREAM (Financial Review)
Australia in driving seat as global blockchain standards take shape
Westpac director Craig Dunn will tell China this week that more engagement from its technology leaders will help the global standards-setting process for blockchain, which Australia is leading, to create guidelines that will reduce the cost of deploying the emerging technology across the global economy.
An Austrade trade delegation arrived in China over the weekend ahead of this week's Wangxiang Global Blockchain Summit in Shanghai. Australia is chairing the International Standards Organisation (ISO) group developing standards for blockchain and distributed ledgers and Mr. Dunn is chairing the work.
4. THE HAND OF SEC (market watch)
SEC suspends trading of Bitcoin Tracker One, Ether Tracker One
The Securities and Exchange Commission announced Sunday suspensions in trading of the securities Bitcoin Tracker One CXBTF, -2.38% and Ether Tracker One CETHF in a statement, the SEC said trading was suspended as of 5:30 p.m. Eastern and would continue until 11:59 p.m. Sept. 20. The suspension was ordered because of "the confusion amongst market participants," the SEC said. Bitcoin Tracker One started trading as an exchange-traded note in August and was seen by some as the closest thing to an exchange-traded fund for bitcoin. The SEC has repeatedly denied applications for bitcoin BTCUSD, -2.25% ETFs.
5. NEXT YEAR - WE DINE ON THE MOON (Daily hodl)
Analyst Who Predicted Rise of Bitcoin Stands by $28,000 BTC Price Call by End of 2019
Bitcoin’s wild ride is, in part, a reflection of the deep divide among people with different belief systems about the monetary system. Even within the cryptocurrency community, there are drastically different opinions about the current valuations of digital assets and where those values are heading.
According to a report published in December of last year, the crypto bull Ronnie Moas, the founder of Standpoint Research, “has given some of the most accurate price predictions”. Today Moas sticks by his $28,000 end-of-2019 Bitcoin price prediction. In a series of tweets, he laments what he believes is the current sell-off by retail crypto investors who are caving to the 1%.