Japan, the second-largest source of traffic for global crypto exchanges to date, witnessed a number of industry announcements this week as the country hosted the major blockchain event Devcon 5 from Oct. 8 to Oct. 11. Organized on an annual basis by the Ethereum Foundation, the recent Devcon conference featured leading figures in the blockchain and cryptocurrency industries, including Ethereum co-founders Vitalik Buterin and Joseph Lubin. Here is the past week of crypto and blockchain news in review, as originally reported by Cointelegraph Japan. MakerDAO to launch MCD in November On Oct. 9, Rune Christensen, the CEO of the Maker …
This interview has been edited and condensed. Cointelegraph had the opportunity to speak to ConsenSys’ Ajit Tripathi at BlockShow Europe 2018 about his experience leaving Wall Street for the crypto world, what new ConsenSys projects he’s most excited about, and why crypto regulation changes from country to country. Molly Jane: Could you tell us a little bit more about what ConsenSys does and what your role is there? Ajit Tripathi: ConsenSys is a venture production studio based in Brooklyn, and now we have offices in London, in about 30 countries, including London, Paris, South Africa, Australia, and Singapore — we're …
Electronics giant HTC will not be releasing a smartphone with a native blockchain network for crypto trading between users as previously announced, The Verge reported July 10. Instead, the company will introduce a smartphone containing a cryptocurrency wallet and CryptoKitties, the Ethereum-based decentralized application (DApp) game. On May 15, the Taiwan-based electronics firm had first unveiled its blockchain smartphone project, the HTC Exodus, that would reportedly include support for both the Bitcoin (BTC) and Ethereum (ETH) networks. The Verge wrote in May that the company planned on creating a product with “a native blockchain network that uses Exodus phones as …
Cointelegraph is following the development of an entirely new blockchain from inception to mainnet and beyond through its series, Inside the Blockchain Developer’s Mind, written by Andrew Levine of Koinos Group. People use social applications daily, but despite all the hype around supposedly “next-gen” blockchains, none of those social applications are decentralized. Let’s unpack why, using two blockchains as a reference: Ethereum and Steem. Ethereum has far more developers than any other general purpose blockchain, and yet none of those developers have managed to build a social application with mainstream adoption. At one time, Steem was one the most widely …
The crypto industry has come up with a lot to offer to the world, but there’s no denying that decentralized finance (DeFi) is one of the most valuable innovations to come from it. Thanks to the inherent decentralization provided by blockchain technology, DeFi gives users many of the benefits of traditional finance, such as generating a passive income through lending, but with one massive advantage: the removal of a third-party intermediary. By removing an intermediary, DeFi users have more control over their financial processes. They can experience higher interest rates on-lent assets, facilitate a better deal when borrowing, or simply …