Covee uses blockchain to allow experts worldwide to collaborate

Solving complex data-driven problems requires a lot of teamwork. But, of course, teamwork is typically restricted to companies where everyone is working under there same roof. While distributed teams have become commonplace in tech startups, taking that to the next level by linking up disparate groups of people all working on the same problem (but not in the same company) has been all but impossible. However, in theory, you could use a blockchain to do such a thing, where the work generated was constantly accounted for on-chain.

That’s in theory. In practice, there’s now a startup that claims to have come up with this model. And it’s raised funding.

Covee, a startup out of Berlin has raised a modest EUR 1.35m, in a round led by LocalGlobe in London with Atlantic Labs in Berlin and a selection of Angels. Prior to this, the company was bootstrapped by CEO Dr Marcel Dietsch, who left his job at a London-based hedge fund, and his long-time friend, Dr Raphael Schoettler, COO, who had previously worked for Deutsche Bank. They are joined by Dr Jochen Krause, CTO, an early blockchain investor and bitcoin miner, and former quant developer and data scientist, respectively, at Scalable Capital and Valora.

What sort of things could this platform be used for? Well, it could be used to bring together people to use machine learning algorithms to improve cancer diagnosis through tumor detection, or perhaps develop a crypto trading algorithm.

There are obvious benefits to the work of scientists. They could work more flexibly, access a more diverse range of projects, choose their teammates, and have their work reviewed by peers.

The platform also means you could be rewarded fairly for your contribution.

The upside for corporates is that they can use distributed workers where there is no middleman platform to pay, no management consultancy fees, and access a talent pool (data engineers, statisticians, domain experts) which is difficult to bring inside the firm.

Now, there are indeed others doing this including Aragon (decentralised governance for everything), Colony (teamwork for everything), and Upwork (freelance jobs platform individuals). All are different and have their limitations of course.

Covee plans to make money by having users pay a transaction fee for using the network infrastructure. They plan to turn this into a fully open-source decentralised network, with this transaction fee attached. But Covee will also offer this as a service if clients prefer not to deal with blockchain tokens and the platform directly.

Dietsch says: “Covee was founded in the first half of 2017 in Berlin and relocated to Zurich, Switzerland late 2017 where we incorporated Covee Network. Moving to Switzerland was important for us because it has one of the oldest and strongest blockchain ecosystems in the world and an excellent pipeline of talent from institutions such as ETH Zurich and the University of Zurich. The crypto-friendly stance of the country means it has all the necessary infrastructure as well as clear regulations for token economies.”

Cardano Overtakes Litecoin’s: Pos Algorithm is Solved

Cardano solves POS Algorithm

Cardano’s streak of success continues to surprise an ever-growing community that follows the project with high expectations. Of all the projects in development, Cardano is one of the most closely monitored. Created by a team of former developers of the Ethereum network, the famous blockchain 3.0 not only promises to solve the problems of Bitcoin and its “Proof of Work”(Pow) but is now working on solving the problems of the “Proof of Stake” (Pos) algorithm as well.

Cardano is currently in a bullish trend, with a growth rate close to 10% in the last seven days. ...

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CFTC Chairman J. Christopher ‘Cryptodad’ Giancarlo to Retire After Term Ends in 2019

The top markets regulator in the United States has confirmed that he will retire following the expiration of his term in 2019, depriving the cryptocurrency industry of one of the Washington establishment’s friendliest voices. Speaking with financial publication IFLR at last week’s International Swaps and Derivatives Association (ISDA) annual general meeting, Commodity Futures Trading Commission

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SEC官员:对ICO持谨慎开放的态度

周一,美国证券交易委员会(SEC)专员罗伯特·杰克逊在CNBC的“Squawk Box”节目中表示,虽然SEC的监管者对ICO表示担忧,但该机构并不打算取缔这一融资方式,对该领域以合法方式筹集资金的行?

Dubai Police Arrest Suspects Behind $1.9 Million Bitcoin Heist

Dubai police have apprehended a gang of ten individuals alleged to have stolen Dh7 million (approx. $1.9 million) from two victims in an armed theft involving the purchase of bitcoin. The victims, incidentally two brothers, sought to buy bitcoin worth AED 7 million in a peer-to-peer exchange that saw ten individuals purporting to be sellers … Continued

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UNICEF’s “Hope Page” Mines Cryptocurrency Through Visitors’ Computers

UNICEF’s “Hope Page” Mines Cryptocurrency Through Visitors’ Computers

UNICEF Australia is using Coinhive — a crypto-mining service — to extract cryptocurrency through visitors’ computers and fund its ongoing mission in Bangladesh. The UN branch has long worked to provide humanitarian relief for both children and their mothers in developing nations. The organization has now created what representatives call the “Hope Page,” which allows users to donate through cryptocurrency.

UNICEF’s Director of Fundraising and Communications Jennifer Tierney explained, “We wanted to leverage new emerging technologies to raise awareness about current humanitarian crises and raise new funds to support children caught up in them. The Hope Page allows Australians to provide help and hope to vulnerable children by simply opening the page when they are online.”

Coinhive’s partnership with UNICEF could help to foster a more positive image for the software. Up until this point, Coinhive has widely been associated with a process known as “cryptojacking,” in which the computer processing power of individuals visiting certain sites is used to mine Monero without their knowledge or permission. In the past, Coinhive has targeted everything from government websites to even Google and YouTube users. As a result, Coinhive has been listed amongst the largest threats to web security.

In this case, UNICEF is using the software’s opt-in method to ensure visitors are aware of the organization’s intentions. While searching the Hope Page, web browsers use computer processors to solve cryptocurrency algorithms. Those examining the site can choose how much power (typically between 20 and 80 percent) they wish to donate to the task.

The website explains that the mining process is completely safe and offers the following instructional message:

“The longer you stay on the page and the more processor power you donate, the more algorithms get solved, which earns cryptocurrency … If you’re ever worried about power consumption, simply turn down the amount of processing power you’re donating. The cryptocurrency is automatically donated to UNICEF Australia and is turned into real funds that reach children through life-saving supplies like safe water, therapeutic food and vaccines. Turn the Hope Page into your homepage to give every day.”

Mining efforts will be used to fund the current Rohingya crisis. Several children and families that have fled their homes in Myanmar to escape military-led violence are now living in refugee camps in the neighboring country of Bangladesh and require certain necessities while they await placement.

Though part of the United Nations Children’s Fund, UNICEF is not actually funded by UN efforts. Instead, it garners financial assistance through voluntary donations.

Visitors of the Hope Page are told that cryptocurrency mining isn’t free and may lead to further costs down the line. High amounts of electricity are used during the mining process, which may lead to higher energy bills for any donating individuals. In addition, the process is not tax deductible, and visitors are advised to consider cash or credit card donations prior to giving their mining consent.

This is not the first time UNICEF has used cryptocurrency to fund its global labors. In February, the organization launched Chaingers.io to raise funds for children of the Syrian civil war. At the time, the site was using the cryptocurrency mining software Claymore to extract ether through visitors’ computers.


This article originally appeared on Bitcoin Magazine.

TRON (TRX), EOS, and Cardano (ADA): What Happened?

TRON (TRX)

Swapping rankings, potential partnerships, crypto’s got it all, doesn’t it? Here’s what’s happening with TRON (TRX), EOS, and Cardano (ADA).

TRON (TRX)

TRON (TRX) is currently selling for $0.096472, which puts the coin up 12.79% in the past 24 hours.

Last week, TRON moved into 10th place according to cryptocurrency market cap. Now, TRON’s done it again, moving up to be currently listed as the 9th largest cryptocurrency, with a market cap of $6.3 billion. Will TRON continue to move up in the rankings or will it drop back down?

If TRON ...

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BitShares (BTS) and Lisk (LSK): Big News, Big Gains

BitShares (BTS)

Coins on the crypto markets are seeing both red and green this Monday morning, with Bitcoin (BTC) down 0.03% in the past twenty-four hours, and BitShares (BTS) and Lisk (LSK) both in the green zone. Today, we are going to focus primarily on the latter two coins. 

BitShares (BTS) 

BitShares is currently selling for $0.387885. This puts the coin up 19.38% in the past twenty-four hours. Despite there not being any fresh news this morning, BitShares had a successful week last week. 

Source: CoinMarketCap

The latest in the BTC universe ...

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How To Mine Ethereum

How To Mine Ethereum

Ethereum is a decentralized blockchain. It makes use of Ether – a cryptocurrency which is empowered by this Blockchain technology. The self-executing nature of the computer algorithms around which applications are built eliminates human interference. Since its inception, Ether has been quite popular – the number of transactions using Ether was deemed to be twice of that of Bitcoin in 2017 (Bitcoin is the most popular cryptocurrency). A considerable reason for this is that Ether transactions tend to be confirmed quicker by the ethereum blockchain than Bitcoins do on its blockchain. Also, Ethereum can be used as a ...

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Want to Learn More About Bitcoin Mining? There’s a New Summit for That

Want to Learn More About Mining? There’s a New Summit for That

For Emma Todd, it was a 2017 conference that transformed her newfound interest in cryptocurrencies and blockchain into a passion. As she learned more, she had an epiphany: more people needed to better understand the esoteric world of cryptomining. Not one to be a flaneur, she is now harnessing this opportunity.

On May 18, 2018, Todd will launch the inaugural ADI Cryptocurrency Mining Summit (ADI stands for Advanced Digital Innovation) as a part of Blockchain Week NYC. This comes on the heels of the first ADI Summit which was held in September 2017 in Vancouver, B.C.

The mission of the ADI Cryptocurrency Mining Conference is to introduce new ideas, technologies and techniques around cryptocurrency mining. In addition to an investor panel, there will be discussion forums around security, compliance and legal issues; all critical elements for any successful mining operation. Finally, a hands-on workshop will explain the differences between industrial mining operations and hobby-mining systems, while demonstrating how users can set up their own home-mining rigs.

A number of well-known speakers in the industry will be presenting at the conference, including Samson Mow, CSO of Blockstream; Andrew Kiguel, president and CEO of Hut 8 Mining; Steve Schaeffer, president of MGT Crypto Capital Assets; Tim Bukher, a lawyer and partner at Thompson Bukher LLP; and Amber Scott, founder of Outlier Solutions.

Todd, who comes from a marketing and event planning background, told Bitcoin Magazine that she’s excited about the opportunity to address a largely unmet need by hosting a cryptomining conference.

According to Todd, what sparked the decision to have the conference were the endless questions she was receiving from so many people about mining. “Honestly, I had similar questions. So I started to look for conferences and couldn’t find any.”

Furthermore, Todd has recently witnessed a growing trend among Chinese mining companies that are wanting to come to North America because of increased regulations at home. “They’re asking, ‘Is there anything you can do to help us out?’”

She is hoping the conference will be of value to both the industrial mining sector as well as individual hobby miners. “We anticipate that many attendees will be interested in just the basics of how they can mine. Unfortunately, this is often harder for those without an engineering background. We are going to show people how to navigate this space, including how set up a mining rig. At the end of the day, we are going to show people the best path to mining.”

Besides these hands-on discussions, there will be attention given to some of the broader developments occurring in the mining arena. “By way of example, mining companies have been flocking to Quebec which has caused this Canadian province to put the brakes on due to potential energy and environmental factors. The good news here, given the fluidity of the crypto and blockchain space, is that someone is probably already out there thinking about this issue of greater (mining) energy efficiency.”

For Todd, one of her greatest goals for this conference is for it to engender discussion and allow people to ask questions. “The hope is that people will walk away having discovered things they didn’t know about, wanting to do a bit more investigation. Most importantly, I’d love to see people who are brand new to mining leave with all the tools they need to set a mining operation up for themself.”

She concludes: “To me, knowledge is power. So if we can offer people, the average individual, a chance to learn more about mining so that they can mine for themselves or invest in an operation, than I will absolutely be thrilled to have achieved my goal.”

This article originally appeared on Bitcoin Magazine.

Japanese Regulator Pressures Exchanges to Drop Privacy Coins

Japanese Regulator Pressures Exchanges to Drop Privacy Coins

Japan’s Financial Services Agency, tasked with monitoring the country’s cryptocurrency exchanges, has quietly been pressuring platforms to delist privacy coins. Coincheck has already done so in the wake of the $400 million NEM hack. If fellow exchanges follow suit, it could signal the beginning of the end for privacy coins such as zcash and monero on Japanese and possibly even global exchanges.

Also read: Bitcoin Cash Adoption Continues: Crypto Cafebar, Gold Vendor, Concealed-Carry Clothing

FSA Gives Privacy Coins the Thumbs Down

Japanese Regulator Pressures Exchanges to Drop Privacy CoinsJapan’s FSA is reportedly urging exchanges to move away from privacy coins, which it associates with money laundering, drug dealing and other nefarious activities. Coins such as monero, zcash, and dash all fall into this category, even though the latter two provide opt-in privacy only, a feature that most users don’t enable. Forbes reports sources close to the FSA as confirming that the regulator is clamping down on anonymous currencies because they are difficult to trace.

The news, while not surprising, is nevertheless concerning. Many of crypto’s most passionate advocates were attracted to the technology in the first place for its ability to provide a measure of anonymity on an increasingly surveilled and privacy-free internet. Without optional anonymity, or at least pseudonymity, cryptocurrencies lose much of their appeal, and individuals lose their right to send payment to their peers without broadcasting their intentions to the world.

“Problematic” Monero Gets the Heave-Ho

If there’s one privacy coin that unites global lawmakers and regulators in their condemnation, it’s monero. At a meeting on April 10, Forbes reports that “Monero and Dash were both mentioned as highly problematic virtual currencies”. If true, the FSA appears to view privacy coins the way law enforcement forces view encryption: they don’t like it because it works – all of the time, and for all the people, be they good or bad.

In response to this news, monero lead developer Riccardo Spagni tweeted a popular anti-censorship quote:

Japanese Regulator Pressures Exchanges to Drop Privacy Coins

The jocular “Fluffypony” has a point. Japan’s crackdown on privacy coins could be the thin end of the wedge, presaging a global ban enforced by compliant exchanges. This isn’t as far-fetched as it might sound. It’s already widely assumed, for example, that Coinbase will never list a privacy coin for fear of irking the regulators it has spent years cozying up to. While no exchange wants to be accused of complicity in criminality, Coinbase has a particular aversion to anything that could be remotely associated with vice – which, rightly or wrongly, means any coin with privacy built in.

Due to its dominant position in the cryptoconomy, where Japan leads other nations tend to follow. If privacy coins were to be delisted, first in Japan, and then globally, it risks creating a two-state crypto economy: one highway for the compliant, regulated and fully KYC’d, and a darker lane for the privacy lovers, who buy they coins on unregulated exchanges and are tarred with the same brush as terrorists and money launderers.

Do you think privacy coins are in danger of being delisted en masse by global exchanges? Let us know in the comments section below.


Images courtesy of Shutterstock, and Twitter.


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Tron Price Posts 15% Rally, But Is a Rumor to Blame?

The Tron price rallied by 15 percent on Monday, defying the sluggish performance of the overall cryptocurrency market. Tron Price Makes 15% Advance in Defiance of Sluggish Market The cryptocurrency market cap shed $4 billion on Monday, continuing a reversal that began on Sunday. Eight of the 10 largest cryptocurrencies fell against the US dollar, … Continued

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PR: Roger Ver Joins Blockchain Accelerator BlockChainWarehouse

Roger Ver Joins Blockchain Accelerator BlockChainWarehouse

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

Roger Ver, founder of Bitcoin.com, and Mate Tokay join the advisory board of BlockChainWarehouse (BCW). To bring their insight and resources to help grow BCW and the companies that move through its’ accelerator program.

BlockChainWarehouse is an accelerator that helps take companies from an idea to their Token Sale. While providing legal counsel, access to expert advisors, marketing services, token sale platforms and aid with KYC/AML compliance. They want to change the way the world thinks about Blockchain, by ushering in a new era of companies adhering to a higher quality standard than the typical ICO.

Companies submit their idea on the BCW website and are automatically vetted through their proprietary valuation algorithm. After determining where the companies need support, BCW organizes and maintains all the necessities for the TGE, including driving interest to the TGE itself.

BCW has built a top-tier Board of Advisors: with the likes of Peter Levchenko (Megalodon Capital), Brian Kang (FactBlock), and now—Roger Ver and Mate Tokay. Towards the goal of bringing insight from the best and brightest in Blockchain to its clients.

Adrian Guttridge, CEO of BCW, expresses his excitement about the partnership with Ver and Tokay, “I am delighted that Roger and Mate have chosen to join BlockChainWarehouse as advisors. I know they have many many projects to choose from, and so it is fantastic that they recognize the value that we can bring to this marketplace, a market that is evolving at warp speed”.

BlockChainWarehouse has already helped generate $$$ millions for its clients and has several Token Sales launching throughout 2018.

Contact Email Address
rej@blockchainwarehouse.com
Supporting Link
www.blockchainwarehouse.com

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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