Fixing Crypto’s Silos
Our fragmented status quo – thousands of tokens, hundreds of dapps – will not work indefinitely without interoperability.
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Rumors are circulating on the web that the People's Bank of China website was attacked on Thursday morning via a distributed denial of service attack by those angry at recent orders for payment processing companies to stop working with bitcoin exchanges. "Mr. Shangkong" at the South China Morning Post makes the claim, and apparently, Chinese media outlets are blaming this attack on "foreign bitcoin investors". As for the People's Bank of China - they say the downtime was attributed to "fixing web", which we have no idea what that means exactly, but can only assume fixing a technical issue....
Healing symptoms of widespread societal issues without fixing the underlying cause will lead to more of the same and doesn’t actually solve anything.
Smartphone theft is at a crisis point. Over 446,000 handheld devices are stolen every year, equating to 1,222 phones per day. Our devices are more expensive to insure than ever and the global mobile phone insurance market is expected to be worth more than $40 billion by 2025. That’s why Lox’s mission is to better control smartphone thefts by creating the world’s first decentralized security network, giving the power back to smartphone owners rather than wireless carriers or other third parties. The Challenges: Siloed Data, Proof-of-ownership, and Data-sharing Wireless device data is locked....
In an age when data leads to economic domination, shifting control is a really impactful way to empower individuals.
Over the past few days, there has been a growing demand for Bitcoin by Chinese investors. The Bitcoin price has surged because of this situation, and as more people start to see the value of cryptocurrency, this trend is likely to continue. The Chinese Yuan has seen its largest monthly decline since August of 2015, which comes on the heels of the Fed hinting at potential interest-rate increases. Additionally, this decrease was also caused by the PBOC cutting the fixing by 0.45%. Bitcoin, on the other hand, keeps gaining momentum while these woes haunt the financial ecosystem. Cutting the....