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Crypto

Blockchain Technology Development Center Will Be Implemented In New York

The New York Economic Development Corporation (NYCEDC) announced the launch of several initiatives that will utilize blockchain technology applications in the city at the 4th annual blockchain technology summit, Consensus 2018, May 14-16.

In this regard, the president and CEO of NYCEDC, James Patchett, said that the Blockchain Center will operate as a physical space for industry and will aim to educate and connect entrepreneurs interested in blockchain technology, through tutoring, business support, and advice for new ventures in DLT.

As for the public competition for blockchain, called The BigApps Blockchain, Patchett explained that the goal is to develop applications, from the blockchain, that helps improve public sector services and processes. He added that he aspires to hold the competition at the end of 2018 and that on May 14 a bidding process has already been opened to choose the company that will be in charge of its organization.

Within the framework of Consensus 2018, Blockchain Week in New York City will showcase employment opportunities in the city through a first free job fair in the blockchain, open to the public, with the participation of companies such as IBM, Accenture, Deloitte, ConsenSys, Ripple, KPMG, and Ledger.

Blockchain technology boom in New York

All the initiatives announced by NYCEDC were supported by many of the participants in Consensus 2018, representing companies and organizations such as the Economic Development Commission, the New York State Assembly, the Technology Committee, OGroup, and Tech: NYC, among others.

They all agreed on the significance of the fact and the advantages that these projects will bring to New York City, making it a great focus of innovation and development for the emerging ecosystem of blockchain technology.

In this regard, new cases of use and applications of technology in large New York business sectors, such as finance, media, insurance, healthcare and real estate, are highlighted.

All this growth of the blockchain technology among New Yorkers may have been the cause of the recent introduction by state legislators of four bills that seek to include this technology within the legal framework, recognizing the possibilities its use brings.

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Crypto

Bing Will Remove Cryptocurrency Ads, According To A Microsoft Statement

Bing, the well-known search engine run by Microsoft, joined other Internet giants in releasing a statement saying it will ban cryptocurrency-related ads on its network since July 2018, according to an official blog post on May 15th.

According to the official declaration, the main reason for the company’s decision to ban “cryptocurrency advertising” and “related products” is the current unregulated state of cryptos, which allegedly increases the risk for Bing users.

Because cryptocurrencies and related products are not regulated, we have found that they present a potentially high risk to our users, favoring the ground for unscrupulous people to engage in predatory behavior, or otherwise defraud consumers.

Bing team

Bing will cut off cryptocurrency ads this summer, between June and July

As the report says, the Bing Ads tool plans to fully implement the ban worldwide between June and early July.

Bing’s ban on cryptocurrencies ads is the latest move in a search engine and social media boycott, initiated by Facebook in late January this year. Google announced a lifting of the ban on similar cryptos ads in mid-March, while Twitter confirmed its own ban shortly afterward.

On the other hand, last week, several media reported that Facebook would be taking into account the power of launching its own cryptocurrencies.

It should be noted that, during an interview held in early April, the co-founder of the social network LinkedIn told Cointelegraph that the recent bans on encrypted advertising are, in his opinion, most likely “temporary”, due to the current lack of clear and precise regulations on the kryptonite market.

Therefore, the Bing ban on cryptocurrency ads could be temporary, until more clear cryptocurrency regulations will be adopted.

In conclusion, Bing adopts the same direction as Google, Facebook, and Twitter in banning crypto ads, a fact that would possibly influence some cryptocurrency businesses.

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Crypto Finance News

Rippled 1.0.0 Officially Launches On Github – Big Future

Rippled 1.0.0 has now been released on Github. Analysts are marking the launch on Github as the “hold status” of the product and even though Rippled just came out of the alpha and beta phase, the product is available to use by all of Ripple’s customers. “A large part of the @Ripple C++ team is at #Consensus2018. But that didn’t stop us from releasing rippled 1.0.0” said Nik Bougalis in a recent tweet.

Rippled

In case you didn’t know, Rippled is the product name of the network that XRP Ledge runs on. The servers that Rippled uses connect to a network of peers, relays cryptographically signed transactions and they maintain a local copy of the shared global ledger. Moreover, Rippled is fully written in the famous C++ programming language.

xRapid Is Ready and Available

The xRapid product is functioning on the XRP Ledger which means that the finished 1.0.0 version of Rippled is now ready and available for commercial use. We should mention the release of Rippled 1.0.0 comes right after David Scwartz conducted a live demonstration of how xRapid works.

This is how a cryptocurrency enthusiast who saw the live demonstration of xRapid describes the process: “Just watched a live demo of xRapid by @ripple. $100 was sent from NY to Mexico in 2 minutes, which included 2 different conversions in which the result was Pesos in a Mexican bank account. IN 2 MINUTES! The XRP part was done in seconds. #xrpthestandard”.

Successful Demonstration

From the looks of it, David Schwartz’s demonstration was more than successful and it left a good impression on everyone who was present during that time. While Rippled 1.0.0 took a long time to become available for Ripple’s customers, we think it’s to assume that the waiting for it has been worth the time.

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News Tech

WhatsApp and Paytm: Is This the Disruption in the E-Payment Business?

Demonetisation was the boost that released the digital payments business in India. Many non-banking money individuals filled the hole of rare cash with simple to-utilize applications or apps, and the public grasped names like FreeCharge, MobiKwik, PayU, Paytm, PhonePe and others to facilitate the torment of paying for a large group of administrations from cabs to smartphone recharge to door deliveries of suppers and food.

They tried to make a platform for this

Once the trade was pulled outflow, vast numbers of these administrations saw the reduced use of their online installment portals. However, there was sufficient stickiness to make a thriving new ecosystem of small paperless payments. Also, the administration ventured in yet after some false begins to create a common platform and administrative system for all these private activities, such as the Universal Payments Interface (UPI). It additionally revealed a vigorous digi-pay application of its own, called Bharat Interface for Money (BHIM) and poked banking and non-banking payments answers to coordinate with BHIM.

Inside its buildup cycle (language advanced by Gartner to evaluate new tech patterns), electronic payments in India had settled from a pinnacle of desires into a time of enduring consolidation. Global biggies joined: Google went ahead load up, with its India-particular payment application, Tez, and Samsung Pay.

Facebook’s WhatsApp, the world’s most significant messaging application (with a 200-million users crosswise over India) has had numerous valuable learnings in this nation: dissimilar to anyplace else, it noticed, India’s base-of-the-pyramid ventures (to utilize C K Prahlad’s critical characterisation) had changed over WhatsApp into a free and intense instrument to develop their business. If you can’t battle them, join them, thing that shows precisely what WhatsApp did a couple of months prior, revealing a little endeavor centered symbol, WhatsApp Business, which is an allowed to-download Android application that would make profit in different ways.

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News Tech

Snapchat 10.32.2.0 Beta Available – New Software Improvements and Bug Fixes

Facebook and Instagram were considered to be the best social media platforms in the world until Snapchat appeared. Unlike Facebook or Instagram, Snapchat decided to feature a unique system when it comes to uploading content. What we mean by this is that everything that gets uploaded on Snapchat eventually disappears.

Hilarious Photo Filters

Even though being able to share photos and videos without having to worry that someone might save them is one of Snapchat’s biggest strengths, the best thing about this social media platform is its photo filters.

Taking photos on Snapchat is a great experience because users get to choose from a wide range of filters that make their photos look amazing or hilarious, depending on what type of filter people choose. To make things even better, these filters get updated every day.

Snapchat 10.32.2.0 Beta

Talking about updates, Snapchat’s developers are constantly looking for new features which can improve the app. In fact, a brand-new update arrived and it changes the app’s version number to “10.32.2.0 Beta”.

As the update’s name implies, beta testers are the only ones who can get their hands on the update right now. On the bright side of things, enrolling in Snapchat’s beta program is not that complicated.

All that Snapchat users need to do is to create a special account and download the beta version of the app. Although, we do need to warn readers that becoming beta testers means that they will need to provide developers with feedback about issues that they might encounter.

Bug Fixes and Improvements

The new update doesn’t contain any cool or innovative features and its focused towards improving the stability of Snapchat instead. Therefore, beta testers who decide to download this latest update are going to receive bug fixes and software tweaks.

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