Blockchain

Turkey’s University Center to Develop Blockchain Projects on Cornell Prof’s Ava Platform

single-image

bitbond bitcoin lending

In advance of its mainnet launch, Ava Labs has partnered with BlockchainIST Center in Turkey to create blockchain-based products for daily use.

BlockchainIST, Turkey’s first university blockchain center, partnered with Cornell University’s Emin Gün Sirer’s Ava Labs to develop DeFi products on the Ava Platform. The press event took place on Jan. 6 at Bahcesehir University in İstanbul, Turkey.

BlockchainIST Founder and Director Bora Erdamar told Cointelegraph that Bahçeşehir University postgraduates and Istanbul Blockchain School students needed a solid consensus architecture  to develop DeFi and other blockchain-based products, and Ava Platform is the perfect fit for them:

“Our partnership with Ava Labs enables us to develop projects like CertifyIST at a faster pace, and to create and support a robust environment where people can use these products as part of their daily life.”

BlockchainIST revealed several blockchain projects during the press meeting. One of them was CertifyIST, “an open-source blockchain infrastructure for issuing, verifying, and sharing documents of achievements such as school degrees.” Ava Labs’ platform offers a faster, more accessible, and scalable way to complete blockchain-based projects, Erdamar added.

All money will be digital in 10 years

Speaking at the press event, Ava Labs Founder Emin Gün Sirer noted Turkey’s young and tech-savvy population gives the country a competitive edge in the global blockchain race. “The recent announcement of a digital lira is a critical step. I have no doubts that all money will become digital in the next ten years. So, if the central bank plays its cards right, Turkey has no obstacles to becoming a global pioneer in the digitization of money.”

After raising $6 million from major investors such as Andreessen Horowitz, Polychain, and MetaStable, Sirer’s team launched a testnet for the Ava platform in May 2019, Cointelegraph reported. Ava mainnet will have its launch in 2020, according to Sirer.





Source

Leave a Reply

avatar
  Subscribe  
Notify of

You may also like

Bitcoin

Billionaire Optimistic On Bitcoin as a ‘Flight to Safety’

single-image

bitbond bitcoin lending

In an interview with Morgan Creek Digital founder, Anthony Pompliano, Chamath Palihapitiya, billionaire CEO of venture capital firm, Social Capital, said that now could be Bitcoin’s time to shine.

“I think Bitcoin needed a moment like this for it to be relevant,” Palihapitiya said. “It’s still a speculative instrument, and it’s too speculative for it to be reliable,” he explained.

Bitcoin is still too turbulent

In his interview with Pompliano, Palihapitiya talked about a bevy of topics pertaining to the current global economy. In terms of replacing USD or other global currencies, Palihapitiya explained Bitcoin is still too volatile.

 “The only market that’s even more important than the debt markets are the currency markets,” he said.

Palihapitiya explained currency markets have a relatively low amount of volatility, moving in value over time. “In that, there’s value because it…


View More Article
Blockchain

IBM Praises CEO For Playing a Significant Role in Blockchain Development

single-image

bitbond bitcoin lending

In a letter to the shareholders, IBM has acknowledged that one of the main achievements of the new CEO is the expansion of its blockchain business.

The document notes that its technology portfolio is “built for the future”, with blockchain being one of the technologies underpinning this belief. It denotes IBM as:

“…a leader in hybrid cloud, data and AI, security, blockchain, enterprise services”.

Discussing the recent appointment of the new CEO, it notes that Arvind Krishna:

“Played a significant role in developing IBM key technologies: artificial intelligence, cloud, quantum computing & blockchain”.

Blockchain is revenue multiplier

Blockchain as a Service (BaaS) plays an important role in IBM’s offering. Although, there is no information about how much revenue it generates for the company. It was previously reported that blockchain technology is a significant…


View More Article
Blockchain

Voyager Onboards 40,000 Circle Invest Customers

single-image

bitbond bitcoin lending

Crypto trade service firm, Voyager Digital Canada, has completed its acquisition of Circle’s retail-facing investment app.

On April 3, Voyager announced it had onboarded Circle Invest’s more than 40,000 accounts onto its platform — excluding residents of New York, North Carolina, and Alaska. Voyager now reports a user base of more than 200,000 in total.

Circle Invest was sold in exchange for a 4% stake in Voyager in February.

Voyager onboards Circle Invest clients

Voyager offers commission-free trading on 34 crypto assets and USD.

The firm will continue to offer Circle Invest’s collections feature — allowing customers to purchase baskets of assets grouped by common attributes and weighted by market cap.

Users can also earn interest between 2% and 6% interest on Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Dash (DASH), Bitcoin Cash (BCH), the firm’s native Voyager…


View More Article
Blockchain

Talking Digital Future: Smart Cities

single-image

bitbond bitcoin lending

My journey into smart cities and their future development was a really big surprise, as the way I arrived there was not something that I had planned. I was working as the chief information officer for a company in Northern California called O’Reilly Media when I got a call from a headhunter who asked if I would consider being the chief information office for the City of Palo Alto. I can vividly remember — it was only about eight years ago — my feeling when she asked the question. The first thing that came into my mind: I would never consider working for the government. And the next quick emotion I had was: but that’s really interesting and I’d like to know more.

So, fortunately, my willingness to be open minded was a good thing, and I asked her to explain what the…


View More Article
Bitcoin

Bitfinex Supplied ‘Most’ Liquidity During $3.7K Bitcoin Crash — Report

single-image

bitbond bitcoin lending

Bitcoin (BTC) saw a “flippening” during its price crash to $3,700 last month — something that could reveal a new uncomfortable truth about exchanges.

In its March Exchange Review released this week, monitoring resource CryptoCompare highlighted liquidity as a key metric which changed during last month’s extreme volatility.

CryptoCompare: Bitfinex hit 40% of exchange volume

On March 12, as Bitcoin prices collapsed in a matter of hours, it was notably one platform in particular which provided more volume, and hence liquidity, for traders.

“Despite Binance and OKEx trading the most volume across all markets in broad terms, during the exact moment of the BTC crash (approx. 10:30 am GMT) which began on the 12th, it was Bitfinex that represented the majority of Top-Tier exchange trading volume (across BTC/USD and BTC/USDT markets),” the review states.

“This was followed by Coinbase, OKEx…

View More Article
Blockchain

Blockchain Provides Trusted Data to Counter Spread of Coronavirus

single-image

bitbond bitcoin lending

With each passing day, new data regarding the coronavirus pandemic is being brought to the public’s attention. From the number of cases in various regions to ever-changing safety procedures like wearing masks in public, COVID-19 data is clearly present, yet remains inconsistent.

While a lack of accurate information may be frustrating on a personal level, ever-changing data is taking a toll on the health officials and researchers working effortlessly to help subdue the coronavirus crisis. To combat the issue, a San Francisco-based blockchain security company Hacera launched a data analytics platform in February to combat inaccurate COVID-19 data.

Hacrera’s founder, Jonathan Levi, told Cointelegraph that the platform known as MiPasa is a distributed and verifiable data hub that is being used to collect, validate and leverage COVID-19 data, saying:

“MiPasa is using data in an effective, humane and privacy-respecting way. At its heart, MiPasa is based…


View More Article
Bitcoin

Bitcoin Stays Below $7K as Tone Vays Predicts Price Breakout in April

single-image

bitbond bitcoin lending

Bitcoin (BTC) began the day down 2% on April 4, but one trader remained confident in a bullish scenario unfolding next week.

Cryptocurrency market daily overview

Cryptocurrency market daily overview. Source: Coin360

Vays: I’ll buy BTC at $6,400

Data from Coin360 and Cointelegraph Markets showed BTC/USD failing to establish support at $7,000 as the weekend began. 

On Friday, the pair returned to the $6,000 zone, hitting daily lows of $6,630 before a slight rebound to press time levels nearer $6,800.

Bitcoin 1-day price chart

Bitcoin 1-day price chart. Source: Coin360

Despite encouraging signs from investors, price momentum remained decidedly weak for Bitcoin, with bullish traders seeking a swift breakout being left disappointed.

For Tone Vays, however, the next fourteen days should…

View More Article
Bitcoin

This Historically Accurate Pattern Suggests Epic Bitcoin Plunge to $3K

single-image

bitbond bitcoin lending

The short-term trend of the Bitcoin (BTC) price since its drop to $3700 shows an Elliot Wave pattern forming on lower time frames. While the pattern can reverse to a bullish trend, the declining volume of BTC suggests it is not likely.

The Bitcoin price has been ranging in between $5,800 and $6,900, with an exception of a brief wick to $7,300 on April 3. 

BTC-USDT 4H chart

BTC-USDT 4H chart. Source: TradingView

Technical analysts say that the declining volume of Bitcoin put together with stagnant open interest in futures and the abrupt V-shape recovery of the cryptocurrency market increase the likelihood of the Bitcoin price falling in the near-term.

Elliot Wave, larger triangle & declining volume raises chances of a new Bitcoin bottom

A pseudonymous trader who called the $3,000 bottom of Bitcoin in December…

View More Article