The twenty-two-year-old technology wizard is not a new face in the cryptocurrency scene. Often referred to as the “golden boy”, he earned his first millions when he was just seventeen years old. He is a co-founder of IOTA, a revolutionary new next-generation public distributed ledger that utilizes a novel convention called the “Tangle” at its core. At his young age, he is one of the most experienced blockchain entrepreneurs. Other founders include David Sonstebo, Sergey Ivancheglo, and Dr. Serguei Popov. Dominik has always been fascinated by new technologies and always wanting try something new, which led to his early adoption of the blockchain technology. He strongly believes and advocates that developing blockchain should not be for the sole purpose of getting rich, but developers should primarily focus on how to use this technology to solve problems.
Christine Lagarde, the head of the International Monetary Fund (IMF) has declared that Bitcoin and other cryptocurrencies could safeguard the global financial system. According to the IMF boss, the prospects of inevitable accidents aside, revisiting cryptocurrencies could benefit the mainstream financial market by harnessing gains and avoiding pitfalls. These statements come as politicians and bankers from all over the world have converged on Washington DC for the 2018 Spring Meeting of the IMF and the World Bank.
Recently in the news for its decision to enter the ASIC chip manufacturers’ arena, Samsung is contemplating life on the blockchain in other ways as well.
The North Korean giant is a virtually ideal case study in blockchain management of supply and logistics. Samsung’s extensive network of component and service suppliers and it’s massive reach across the globe have management contemplating a blockchain construct to optimize their operations.
Corporations and governments around the world are implementing blockchain technology to create their own cryptocurrency. No more is the technology the exclusive playground of young startup entrepreneurs and crypto hobbyists. In the past, corporate organizations and government bodies saw cryptocurrency as a bubble and took steps to either disassociate themselves or outrightly place a ban. The narrative has changed as cryptocurrency has begun to win the hearts of these corporate bodies and governments. Some big companies and countries who have wasted no time in issuing and launching their own cryptocurrency coins, while some others have it on their bucket list. With this move, the fight to oust cryptocurrency is gradually waning, although, some countries are still adamant and believe everything is just a sham.
The city of Austin, Texas is getting ready to implement a pilot blockchain platform that will enable it to better manage the homeless population. The blockchain platform has been specifically designed to help homeless people in the city with regard to effective identity management. The platform is part of a competitive grant created by a collaboration between the city and Bloomberg Philanthropies. Austin is one of 35 cities that has received grants for blockchain pilot programs and the top city stands the chance of winning an additional $5 million.
Sowa Labs, a subsidiary of Börse Stuttgart, the second-largest stock exchange in Germany has developed its own cryptocurrency trading app called Bison. This was made known via a press release on Friday, April 13, 2018. Börse Stuttgart acquired a 100 percent stake in the Ulm-based Sowa Labs in December 2018. Exact details of the deal remain unknown but there are reports that put the acquisition in millions of euros. Sowa Labs now functions as the fintech arm of Börse Stuttgart.
For almost ten years, Bitcoin has survived many tragedies and withstood a wide range of negative factors that would have otherwise made it extinct. Since its subtle entrance in 2009, it has been besieged with bad reviews, derogatory remarks, and death sentences. But despite all of the negativity that Bitcoin has had to deal with, nine years later, it has grown to be the most valuable cryptocurrency in the world.
Dustin Walper, the founder of Akira, the popular telehealth startup is set to make the move to the cryptocurrency scene. Having left Akira less than a year ago, Dustin Walper has launched Newton, his first foray into the cryptocurrency market. He becomes the latest in a growing list of seasoned entrepreneurs who are attempting to break into the cryptocurrency market. Akira was acquired by Right Health, a virtual healthcare service startup in 2017.
The company said on April 11, 2018, that those who can find additional uses for the platform would find welcome aid in the form of a fund set up to facilitate startup blockchain businesses. The company owns around 60 billion of the total 100 billion Ripple tokens ever issued and it is plowing $25 million back into viable entry-stage ideas from budding entrepreneurs.
Blockchain technology continues to attract a lot of attention from diverse groups ranging from government to corporate organizations, and even entrepreneurs. While cryptocurrency might have an altogether bad reputation in mainstream circles, blockchain technology is looked upon with keen interest as it has the potential to transform many aspects of human life. To this end, a lot of time and money has been invested in research activities targeted at discovering innovative blockchain solutions for some of the biggest issues affecting the world today.