Dogecoin Creator is Surprised with the Capitalization of Cryptocurrency He Has Created 347

Создатель Dogecoin удивлен достигнутой капитализацией его собственной криптовалюты

Australian entrepreneur Jackson Palmer is shocked because the cryptocurrency Dogecoin he had created as a joke reached capitalization of $2 billion. He shares this news on Motherboard.

His intention of creating altcoin-mem Dogecoin in 2013 was to help not very advanced users to better understand the world of cryptocurrency. Reasonable price and nice community was to facilitate this process.

In 2015 the situation in the cryptocurrency world has changed completely, Palmer notices. New players with great investment potential and with plans to earn even more money appeared. Technologies stepped back. Then frenzy at the cryptocurrency market began, the highest point of this frenzy was in 2017 when its total capitalization reached an amount of $700 billion. Everyone started talking about cryptocurrency, considers the businessman.

He reminded about the classical maxima of bond market: “When your taxi driver is telling you to buy stock, you know it’s time to sell.” As Palmer writes he recalled the saying when Uber drivers started talking to him about Ethereum.

According to him ICO is the best illustration for this phenomenon. In 2017 initial coin offerings boom started, many of them were just a fraud, says Palmer.He gives an example of PlexCoin.

Earlier he had already said that he believed cryptocurrency market was a bubble. Anyway his is interested not in when it bursts but what will happen next:

“Once the cryptocurrency price bubble pops and takes all the hype with it, will the community be able to recover the energy it needs to build real, innovative technology once again?”

ConsenSys blockchain company CEO Joseph Lubin agreed, having stated that after the crypto-bubble disappeared the things would change significantly. Founder of NEO altcoin also shares this opinion.

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The UN Will Cooperate With the IOTA to Increase the Productivity of its Work 826

The UN Will Cooperate With the IOTA to Increase the Productivity of its Work

The UN branch, called the United Nations Office for Project Services (UNOPS), will work with the IOTA to improve the management of UN records using the distributed IOTA open-source ledger.

The announcement of the partnership came out on Tuesday, the 22nd of May. The co-founder of IOTA Dominik Schiener supported the idea of ​​cooperation by saying:

“We are thrilled to begin working together with UNOPS and to tackle current and future challenges together. The IOTA Foundation is fully committed to putting the IOTA Tangle to work on behalf of important humanitarian and development causes.”

The technology is going to advance administering and validating important documents, provide a real-time transaction system. The goal of the project is to include all connected devices by checking the accuracy and transactional calculations that contribute to the development of these devices in order to provide their properties and data in real time, which is one of the features why the UN chose IOTA for cooperation.

The special adviser on the blockchain technology at UNOPS, Yoshiyuki Yamamoto, said that the ledger can work with batteries or alternative charging methods, which can be very useful for territories that do not have constant access to the Internet or even electricity.

As this collaboration will become a kind of experiment, Yamamoto is not sure how long it will take to fully implement the IOTA technology. He said that it depends on many factors, which include the complexity of the problem, the type of software, the user’s participation, so the results will be difficult to predict.

In the nearest future, IOTA technology will be supported by IoT devices that do not have high processing power requirements.

The UN considers this technology very promising, arguing that the organization would not cooperate with the project unless it proved its potential.

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Coinbase Exchanged the GDAX Platform For Paradex 361

Coinbase 将GDAX 改名Coinbase Pro

The GDAX cryptocurrency platform will cease its operations, while a new one called Coinbase Pro will be launched to serve individuals whose core business is trading in cryptocurrencies. The announcement was made by representatives of the American cryptocurrency exchange Coinbase.

The Coinbase Pro developers have left the same tools that were used with its predecessor GDAX and also added new ones. For example, the system of placement and cashing of funds will be simplified at the new platform. Users will also have access to advanced analytics and will be able to post their portfolio on the updated corresponding page.

Moreover, the cryptocurrency exchange purchased the decentralized platform Paradex, functioning on the 0x protocol. GDAX plans to launch its own digital coin Wallet Coinbase, which will provide the opportunity to trade with hundreds of tokens. The new wallet will be included in the new platform in a few weeks and is available to US cryptocurrency exchange customers.

We remind you that the company Coinbase announced the release of new products in mid-May, which is targeted at institutional investors. During the announcement, such products as Coinbase Institutional Coverage Group, Coinbase Custody, Coinbase Prime and Coinbase Prime were presented.

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