When it comes to blockchain technology, Overeenstemming 2018 marks the fattest week of the year.
Overeenstemming is the largest blockchain event held te the U.S. It attracts innovators, leaders, and changemakers to Fresh York City for four days of all things cryptocurrency and blockchain.
It’s also a hot spot for leading blockchain companies to take advantage of an avid audience &mdash, who all paid around $Two,000 vanaf seat &mdash, to make company announcements.
Ter today’s digital currency news update, wij take you to Overeenstemming minus the toegangsbewijs toverfee. And wij voorkant some of the fattest events that took place during the four-day conference.
Let’s kick things off with Gemini’s fresh token announcement.
Gemini Adds Fresh Tokens
Overeenstemming kicked off with a vreesachtig spil the Winklevoss twins announced that they would add a fresh token to their fiat-to-crypto exchange, Gemini. That fortunate token is Zcash, which surged 30% ter price after the announcement.
The exchange will start accepting deposits of Zcash on May Nineteen th at 9:30 a.m. (ET). Official trading will start on May 22 nd at 9:30 a.m. (ET).
After the Zcash announcement, Gemini also disclosed that it would soon launch trading for Litecoin and Bitcoin Metselspecie &mdash, both of which are presently available on Coinbase.
So, why exactly did Zcash appeal to the exchange?
For those who don’t know, Zcash is a privacy-focused token with a market cap of overheen $1 billion. Its peers include Monero and Dash, which also market themselves with the promise of anonymity.
The Winklevoss twins explained ter their announcement that Zcash appealed to them because of its privacy-protection feature. This feature permits parties to engage with one another while still protecting everyone’s identity.
Gemini received approval from the Fresh York Department of Financial Services (NYDFS) to list the token. This makes Gemini the very first licensed Zcash exchange. And it makes NYDFS the very first regulatory agency with the power to supervise Zcash.
Coinbase Announces Fresh Enterprise Solutions
On May 15 th , Coinbase announced that it had formally launched Coinbase Custody &mdash, its very first product to target institutional investors. Coinbase hopes that the launch, te development since last year, will help increase digital currency trading and accelerate adoption.
Coinbase Custody is a crypto storage service built for large financial institutions. Fresh users of the verhoging will pay a one-time $100,000 setup toverfee. They will also have to keep a ondergrens of $Ten million te deposits and pay a monthly toverfee, which will be based on how many assets the company determines to store.
Te its announcement, Coinbase touted this fresh toneelpodium spil “the most secure crypto storage solution available.”
So, what will all this mean for the ordinario investor? It will mean more adoption because this kleintje of device will permit larger financial institutions to interact with digital assets. Coinbase Custody is only one of a utter suite of products that Coinbase plans to launch spil the market evolves. Those products will provide more devices for businesses. And they will help ter enlargening Coinbase’s already tremendous hold on the digital currency space.
This is a pivotal uur for the digital currency community. Overheen the last few months, there have bot more than 100 hedge funds created exclusively for investing and trading digital currencies.
And spil more institutions embrace digital currency, they’ll bring with them much-needed stability, infrastructure, and access to the broader market.
The Creation of a Fresh Blockchain DApp Store
A few weeks ago, wij reported that Amber Baldet had left JPMorgan to pursue hier own venture. Baldet announced this venture, called Clovyr, at Overeenstemming 2018.
Clovyr tackles a very actual problem of the blockchain world: Developing a decentralized application (DApp) is very hard. Te fact, it’s so hard that few people and companies can use blockchain for their goals.
But Clovyr will provide a fresh layer of enterprise-driven services inbetween blockchains and user-facing applications. The DApp store will hold a broad selection of vetted apps. It’ll also offerande in-house developer tooling.
Clovyr will primarily provide developers with the contraptions needed to build on both the public and enterprise versions of Ethereum.
Te a conversation with CoinDesk, Baldet said Bitcoin-facing applications would someday be possible. And she said other blockchains could also be added to the decentralized collection ter the future.
HTC Plans to Commence Shipping Its Very first Blockchain Phone te 2018
Major Taiwanese electronics-maker HTC unveiled its blockchain-based phone, called Leegloop, on May 15 th . The company expects to commence shipping the phones sometime te 2018.
The Leegloop smartphone would provide two fundamental services to digital currency investors. It would operate both spil a mobile connection point to decentralized networks and spil a hardware wallet for those who want to carry their crypto with them.
Before it launched Uittocht, HTC wasgoed famous for having brought a smartphone to market that wasgoed based on the Android operating system (OS). HTC’s foray into the world of blockchain technology demonstrates that the company believes decentralized technologies will play a big role te our future.
Thesis technologies would permit users to hold digital currencies. And they also could provide protection by permitting individuals to hold their own digital identities.
Of course, when it comes to a blockchain-based phone, the company isn’t without competition. Relatively fresh startup Sirin Labs raised overheen $157 through an initial coin suggesting (ICO) to build its own blockchain-based phone.
Overheen the coming years, investors should brace themselves for more blockchain technologies hitting the market.
There you have it! Those are some of the largest events that took place at Overeenstemming 2018. Keep an eye out for your Monday mailing where wij pauze down what Coinbase’s fresh enterprise contraptions mean for investors like you.
Trust us, it’s good news.
Alexandra Perry is the managing editor of Token Authority and the associate editor of Technology and Chance. She also contributes weekly content to Wealth Daily, a free investment research newsletter that addresses a range of market topics. She has numerous years of practice working with startup companies, primarily focusing on fabricado intelligence, cybersecurity, alternative energy, and biotech. Hier take on investing is elementary: a fresh age of investor can make monumental comes back by investing ter emerging industries and foundational startup ventures.