Latest Centralized News

  • Why blacklisting stablecoins could undermine DeFi
    Why blacklisting stablecoins could undermine DeFi
    Centralized stablecoin issuers are blacklisting addresses.
  • Renato Rodriguez Pushes To Unite And Spread Crypto In Every Corner Of The World
    Renato Rodriguez Pushes To Unite And Spread Crypto In Every Corner Of The World
    Disclaimer: The text below is a press release that was not written by Cryptonews.com. Today, blockchain networks and cryptos allow people to transact directly without having to go through a centralized institution.
  • Risks of Centralized Stablecoins Materialize as 100k USDC Frozen
    Risks of Centralized Stablecoins Materialize as 100k USDC Frozen
    Centralized stablecoins may be about to face more scrutiny from the crypto community after it was revealed yesterday that USD Coin (USDC) issuer Centre has frozen an address holding USD 100,000 worth of the stablecoin. The actual blacklisting of the address occurred back in June this year, and was reportedly done by Centre – a collaboration between major crypto company
  • Italian Banking Association Chose Decentralized Blockchain Route
    Italian Banking Association Chose Decentralized Blockchain Route
    The Italian Banking Association, Associazione Bancaria Italiana (ABI), chose to leverage the blockchain-based system Spunta, as they could not identify an appropriate single actor to run a centralized system.
  • 2020 Top DeFi Projects to Follow
    2020 Top DeFi Projects to Follow
    Decentralized finance (DeFi) is the idea of rebuilding the infrastructure of financial services and moving it onto decentralized networks to take the industry from a centralized system full of monopolies towards a trustless and transparent world that runs with no intermediaries.
  • Venezuela's Maduro Shafted From Gold Storage, Self-Sovereign BTC Shines
    Venezuela's Maduro Shafted From Gold Storage, Self-Sovereign BTC Shines
    Venezuela’s Maduro just lost a ruling regarding his supposed gold ownership. Venezuela’s allegedly corrupt leader, Nicolás Maduro, recently lost a court battle involving approximately $1 billion of gold.  “The UK High Court has ruled against Venezuela's government in a legal battle over access to $1bn (£820m) of gold stored in the Bank of England,” BBC said in a July 2 article.  As a self-sovereign digital asset, Bitcoin lies outside of centralized control.
  • Blockchain Exec Says Decentralized Platforms Won't Necessarily Replace YouTube
    Blockchain Exec Says Decentralized Platforms Won't Necessarily Replace YouTube
    While decentralized platforms provide a viable alternative to YouTube, Theta Labs' Wes Levitt believes there is still a place for centralized platforms. YouTube’s bans on crypto-related content has been problematic for the industry and is spurring demand for decentralized alternatives. However, according to Wes Levitt, head of strategy at Theta Labs — the firm behind Theta.tv — both YouTube and decentralized platforms can co-exist.  YouTube is increasingly banning crypto-related content.
  • Beyond In-Game Assets: Blockchain Gaming, DAOs, Guilds, and Ragequitting
    Beyond In-Game Assets: Blockchain Gaming, DAOs, Guilds, and Ragequitting
    “If the “real world” economy is run by centralized authorities who can change and adapt monetary policy on a whim outside public opinion or scrutiny, current video game economies are a microcosm of this behavior.” Many of the builders and investors in the blockchain space believe that the most compelling route to attracting users to the burgeoning crypto-economy is not upending the global financial order but something with significantly lesser stakes: gaming. And this reasoning makes sense.
  • Crypto Lending: The Ultimate Killer App?
    Crypto Lending: The Ultimate Killer App?
    Using digital assets to earn yields and borrow capital became possible thanks to crypto lending, one of the fastest-growing sectors in the crypto ecosystem. Crypto lending, one of the fastest-growing industries in the blockchain ecosystem, has made it possible to earn yields and borrow capital using digital assets. According to a report by research company Credmark, the volume of crypto-backed loans increased seven-fold in 2019, ultimately reaching $8 billion. Experts speculate that crypto lending will attract more investors into the crypto market by increasing its liquidity. “You can think of lending as this incredible grease that just pushes everything forward at a much faster rate”, states Paul Murphy, CEO at Credmark. However, lending and borrowing crypto is a risky practice due to the high volatility of digital currencies. In fact, a significant amount of crypto-backed loans are used for margin trading operations. “When the market drops by more than 50 percent, and you're in a collateralized margin type of trade, you can lose all of your principal”, points out Brock Pierce, a prominent cryptocurrency entrepreneur. While most crypto lending businesses rely on centralized custodians to manage their customers’ funds, DeFi lending platforms allow peer-to-peer lending and borrowing operations with no middlemen involved. However, we are in the early stages of this technology, which means that these platforms may pose a number of usability downsides. Find out more about crypto lending in the full video on our Youtube channel and don’t forget to subscribe!
  • Bitfinex Launches Open-Source Crypto-Powered Streaming Protocol
    Bitfinex Launches Open-Source Crypto-Powered Streaming Protocol
    Bitfinex has uploaded the code for a crypto-powered open-source P2P data streaming protocol to GitHub. Veteran cryptocurrency exchange Bitfinex has announced an open-source peer-to-peer data streaming platform that will allow users to share media across a decentralized network. The code for Bitfinex's "Dazaar" protocol has been uploaded to GitHub, describing a decentralized network in which distributed node operators store the information shared among users. In an announcement, Bitfinex states that the platform’s creation was motivated by the increasing reliance on centralized platforms such as search engines, social media, and messaging apps to facilitate the sharing of data and media. Bitfinex open-sources P2P streaming protocol Bitfinex describes the Dazaar platform as a crypto-powered protocol for monetized data streaming. The platform was developed as an extension to the Massachusetts Institute of Technology-licensed Hypercore Protocol — a “distributed append-only log” characterized as comprising a “lightweight blockchain crossed with BitTorrent.” Buyers and sellers connect over the platform via a cryptographic identifier or "Dazaar Card," with sellers able to purchase streams using crypto assets or credit cards. The protocol also features a live-streaming desktop application that allows sellers to manage subscriptions and broadcasts. Crypto-powered streaming platforms compete Dazaar’s announcement comes amid increasing competition between crypto streaming platforms.  In May, Cointelegraph reported that the crypto-powered Esports streaming app Theta.tv would be integrated onto 75 million Samsung devices worldwide.
  • Low Exchange Reserves Suggest Futures Traders Are Over-Leveraged
    Low Exchange Reserves Suggest Futures Traders Are Over-Leveraged
    The number of Bitcoins held on exchanges continues to decline despite growing open interest in the futures markets. Cryptocurrency market data aggregator Glassnode has reported that the number of Bitcoins (BTC) held on centralized exchanges has fallen to a 12-month low. The decline in exchange reserves comes amid numerous recent records for open interest in Bitcoin futures contracts, suggesting that many traders may be over-leveraged. Less than 15% of Bitcoin is held on exchanges On June 24, Glassnode reported a new yearly low in the number of BTC held on exchanges, with more than 2.624 million BTC.
  • Pocket Network is Web 3's answer to Amazon Web Services
    Pocket Network is Web 3's answer to Amazon Web Services
    The startup aims to disrupt centralized infrastructure providers with lower costs, resilient design, and unique governance.
  • Handshake Goes Live With an Uncensorable Internet Browser
    Handshake Goes Live With an Uncensorable Internet Browser
    Handshake minimizes the role of centralized entities in the internet’s basic infrastructure.
  • DEX progress to be a
    DEX progress to be a "landmark event" over the summer: Framework Ventures
    Vance Spencer and Michael Anderson expect decentralized exchanges to attract 10% of centralized exchange volume after new developments are launched.
  • Decentralized Tech Can Protect Activists From Social Media Crackdowns
    Decentralized Tech Can Protect Activists From Social Media Crackdowns
    As protests against police brutality continue in the US, privacy advocates warn of the risks posed by centralized social media platforms. The protests in the United States against police brutality and systemic racism sparked by the murder of George Floyd by former Minneapolis police officer Derek Chauvin on May 25 are showing no signs of stopping. Rallies and marches have continued in many cities for three weeks now, with events organized in all 50 states as well as in at least 40 countries around the world.
  • Youtube Reinstates Bitcoin.com’s Official Channel After Suspension
    Youtube Reinstates Bitcoin.com’s Official Channel After Suspension
    Just recently, the official Bitcoin.com Youtube channel was suspended and removed from the popular video platform.