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NEO

‘New enterprise with no blueprint,’ Blockstack unveils decentralization plan

Blockstack, the open source browser that provides decentralized applications has announced a roadmap to plan its decentralization process. The company hopes to build an ecosystem of similar entities to build a decentralized network. Announced via a blog post on Friday the co-founders of Blockstack Ryan Shea and Muneed Ali affirmed the prospect of decentralized apps and want to ensure that their platform does not, “have any single points of failure or control.”

What we are building does not look like a platform backed by a single company, but a decentralized ecosystem; this is a new type of enterprise with no blueprint,” stated the blog post. The key point addressed in the blog post was corporate governance. Blockstack, being an open source software can be procured by anyone, anywhere and hence wants to promote the features of “open membership” and “consensus mechanism.” Forging a path towards decentralized governments the company lays out four broad points that will help initiate the process. Blockstack aims to set up a non-profit foundation that helps to further the digital fundamental rights and makes certain that the decentralization of the internet is maintained. Patrick Stanley, Head of Growth at Blockstack PBC will be the interim head of this foundation. One of the authors of the post and co-founder, Ryan Shea will be departing the company to build a new entity. Larry Salibra, a Blockchain engineer will move to start a Hong Kong company while Muneed Ali will remain at Blockstack. Blockstack also hailed the investment impetus that its Signature Fund has made. The fund has invested in 8 startups that focus on building decentralized apps and protocol including the likes of CoinTracker, Afaria, and Casa. This breakdown into several companies operated by a group of people who were core to Blockstack is an aim to build a bigger, more decentralized ecosystem. The core purpose of this fragmentation of control is to avoid an autonomy overlap and to ensure that entities and people are independent in management. “The path to decentralization will be a long journey, but it’s an essential one if Blockstack is to grow to its potential as a new network that preserves digital rights,” concludes the blog post. See also: Magic Cube to build a new decentralized gaming ecosystem on NEO See also: Bithumb next in line to launch decentralized exchange

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4 min
Tether ‘Bank Run’ Concerns Reach New Heights, USDT Falls 4% Below Peg

Crypto traders continue to liquidate their Tether (USDT) holdings en-masse in an apparent bank run, as Binance and Kucoin have paused USDT withdrawals.

8 min
IOTA’s Tangle Powers IAMPASS Biometric Palm Vein Authentication For Digital Identity

IOTA Newsiota-news.com is author of this content, TheBitcoinNews.com is is not responsible for the content of external sites.   source: https://iota-news.com/iotas-tangle-powers-iampass-biometric-palm-vein-authentication-for-digital-identity/

9 min
BTC
Bitcoin Mining: Chinese Man Gets 3.5 Year Sentence for Stealing Power to Mine Bitcoin

A Chinese man has been handed a three and a half year sentence for illegally tapping power from a train station in China for crypto mining purposes. According to a report published by The Paper, the sentence, which was served on September 13 by the Datong Railway Transport Court, names Xu Xinghua as the accused. …

9 min
Airsoft Technologies Partners with PumaPay for Cryptocurrency Payments

FinancemagnetsFinancemagnates.com is author of this content, TheBitcoinNews.com is is not responsible for the content of external sites.   source: https://www.financemagnates.com/cryptocurrency/news/airsoft-technologies-partners-with-pumapay-for-cryptocurrency-payments/

9 min
BiiLabs Launches the Open-Source GDPR-Compliant Identity System

In the era of the Internet of Everything, BiiLabs (Blockchain Industry and Innovation Laboratories), a blockchain technology startup team dedicated to the use of decentralized ledger technology to drive business innovations, today announced the official launch of the decentralized digital asset solution, TangleID, for corporate users. The TangleID system allows users to have “self-sovereign” verifiable digital identity …

9 min
Investment Giant Fidelity Launches Digital Assets Services Targeting Institutional Investors

U.S. investment firm Fidelity has announced the launch of a new company, Fidelity Digital Asset Services, according to an Oct. 15 press release. The new company will offer custody and trade execution services for digital assets, targeting institutional investors like “hedge funds, family offices and market intermediaries.” According to the press release, Fidelity Digital Assets …

15 min
ZIL
Zilliqa Digital Asset Report And Evaluation (DARE) by Crypto Briefing

Zilliqa (ZIL) is examined in Crypto Briefing’s deep new analysis tool – the Digital Asset Report and Evaluation (DARE).

15 min
BTC
Bitcoin Payment Processor BitPay Launches Stablecoin Settlement [Tether’s Not Invited]

Bitcoin payment processor BitPay has announced that merchants may now accept settlement in USD-pegged cryptocurrency “stablecoins” USDC and GUSD.

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16 min
BTC
Bitfinex Premium on Bitcoin Hit $1,000 Today, Can It Affect the SEC’s Decision?

Bitfinex’s $1,000 premium on Bitcoin, which sent its price shooting upwards of $7,500, and Tether’s 6% drop on Monday, has created a lot of commotion in

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17 min
Bitfinex Presents New Reporting Tools Designed to Enhance User Control

One of the oldest cryptocurrency platforms Bitfinex is looking to excel users’ trading experience as it unleashes a new toolkit conceived for better insight into account information.

18 min
19 min
TRX
Tron Accused of Misleading the Public After a “Partnership” with Baidu Turned Out to be a Purchase of Cloud Computing

“Finally, First time to partner with tens of billions USD valuation industry giant. Guess the name,” Justin Yuchen Sun, Tron’s founder, said on October 12th. So launching a rumor mill that…

20 min
Barclays Puts Its Cryptocurrency Trading Platform ‘On Ice’

London-based multinational investment bank agiant Barclays has reportedly halted work on its cryptocurrency trading project. Barclays Stops Cryptocurrency London-based multinational investment bank agiant Barclays has reportedly halted work on its cryptocurrency trading project.

21 min
Sony Creates a Blockchain System for Digital Content Rights Management with Internal Joint Venture

Joint Venture Between Several Sony Entities Responsible For New Blockchain-Powered Extension A new annoucement on October 15th revealed that Sony Corporation had teamed up with Sony Music Entertain…

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+0.05%
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$ 209.71
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+0.03%
+4.81%
-8.52%
3
XRP
XRP
$ 0.441759
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OK
-0.15%
+5.73%
-10.02%
4
Bitcoin Cash
BCH
$ 461.36
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-12.32%
5
EOS
EOS
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6
Stellar
XLM
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-0.06%
+4.45%
-9.84%
7
Litecoin
LTC
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OK
+0.11%
+3.29%
-6.72%
8
Tether
USDT
$ 0.965443
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+0.14%
-2.19%
-3.09%
9
Cardano
ADA
$ 0.074621
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-0.31%
+2.01%
-13.71%
10
Monero
XMR
$ 105.33
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OK
+0.04%
+2.26%
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11
TRON
TRX
$ 0.025036
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-0.13%
+3.01%
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12
IOTA
MIOTA
$ 0.505746
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( - - - - - )
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-0.58%
+2.96%
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13
Dash
DASH
$ 161.76
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-0.39%
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14
Binance Coin
BNB
$ 10.26
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+0.17%
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15
NEO
NEO
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16
Ethereum Classic
ETC
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17
NEM
XEM
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18
Tezos
XTZ
$ 1.28
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19
VeChain
VET
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20
Dogecoin
DOGE
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21
Zcash
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#}