Launch Archives -
One moon apparently isn’t enough for the Chinese city of Chengdu, according to a report in the People’s Daily. Wu Chunfeng, the chairman of the southwestern city’s Aerospace Science and Technology Microelectronics System Research Institute, told a recent conference that an “artificial moon,” also known as an illumination satellite, will…
Southern California startup Rocket Lab said Wednesday that it will propel small satellites into orbit from Virginia, an endeavor that reflects increasing demand from companies and governments alike to monitor ships, crops and the weather from space.
Rocket Lab said it will build its launchpad at…
For the first two minutes, everything was going “great.” Then, he started getting shaken side to side “fairly violently.” Soon, an alarm and warning lights made it clear there was an emergency. “It went from normal to something was wrong pretty quick,” NASA astronaut Nick Hague tells NBC News days…
Two astronauts from the US and Russia are safe after an emergency landing Thursday in the steppes of Kazakhstan following the failure of a Russian booster rocket carrying them to the International Space Station. NASA astronaut Nick Hague and Roscosmos’ Alexei Ovchinin lifted off as scheduled early Thursday from the…
Japan’s GMO Internet Group has announced plans to issue a yen-pegged stablecoin called GMO Japanese Yen. Already in the crypto exchange and mining hardware businesses, the company plans to launch its third crypto enterprise with this stablecoin.
GMO Internet Group announced Tuesday that it “will start full-scale preparations to issue stable coins of virtual currency, with an eye to enter into the ‘settlement’ area of virtual currency business.” The company detailed:
‘GMO Japanese Yen (ticker symbol: GJY)’ [will be launched] through the unified brand (global brand) ‘Z.com’ in the overseas strategy of the GMO Internet Group. [It will be a] ‘yen-pegged currency’ linked with the Japanese yen.
Noting that there are already 57 stablecoins in the world, 23 of which are already in circulation, GMO disclosed that “We plan to start issuing [the stablecoin] for the Asian region around the fiscal year 2019.”
Third Crypto Business
Currently, GMO has two businesses in the crypto space: the exchange business which started in May last year and the mining business which started in December. In its earnings presentation published in August, the company outlined another crypto business area it seeks to enter called “cryptocurrency payment.”
In Tuesday’s stablecoin announcement, GMO revealed that it has been “investigating and researching whether the virtual currency could be the settlement currency from the viewpoint of volatility.”
GMO’s Hope for Its Stablecoin
According to GMO, in order to solve the hyperinflation problem seen in many developing countries, “issues such as true non-centralization need to be overcome.” The firm asserted that stablecoins can be a solution to this problem “as a currency to replace low-credit domestic currencies.” The firm also believes that even in developed countries, stablecoins have “a potential to become a global standard innovative financial infrastructure.”
Referring to its yen-pegged crypto, GMO described:
One of the tasks is to stabilize price fluctuation (volatility), which is a risk to remittance and settlement, in order to increase the spreading and development of the virtual currency.
What do you think of GMO issuing a yen-pegged stablecoin? Let us know in the comments section below.
Images courtesy of Shutterstock and GMO Internet Group.
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Faraday Future, a luxury electric-car start-up based in Gardena, is embroiled in a dispute with one of its major investors that threatens the company’s initial production of the vehicles.
The company hopes to start manufacturing the FF91, a sedan with a base price expected to top $ 100,000, at a…
A team of Bitcoin Cash (BCH) developers has released a new BCH desktop wallet that resembles the ethereum-light client Metamask. The new beta version Chrome extension wallet called Badgerwallet.cash can be tested in the browser’s developer mode and soon will be able to hold BCH-issued tokens.
Testing the New Chrome Extension Wallet Badgerwallet.cash
There’s a new bitcoin cash wallet that is similar to the popular Chrome extension Metamask wallet. The BCH-based Badgerwallet.cash client was produced by members of the organizations Spendbch, Bitbox, the Simple Ledger Protocol (SLP), and Bitcoin.com developers. Badgerwallet aims to be a gateway into the world of BCH-fueled tokens and decentralized applications. At the moment, Badgerwallet developers have launched the beta version of the chrome extension client and the wallet is currently available for testing.
In order to test the Badgerwallet software, users need to download the extension package from the website. After doing this, the next step is opening the Chrome browser and unpacking the extension. However, since Badgerwallet is currently in beta the Chrome extension page needs to be set to ‘developer mode.’ From there, Chrome will allow the Badgerwallet software to be unpacked and installed in the browser. After the install, you will see a bitcoin cash symbol on the top right corner of the Chrome browser.
Badgerwallet users can look at the wallet in a smaller window on the upper left as well but they can also open the wallet in a whole page within the Chrome browser. Immediately after firing up the extension’s software, the wallet gives the users a twelve-word seed phrase and requires them to write it down and verify the word order before opening the wallet. Badgerwallet is pretty self-explanatory from here and acts like any other Chrome extension light clients like Kryptokit, and Metamask.
A Few Quirks, and the Badger Button Demo
News.Bitcoin.com sent US$ 0.50 worth of bitcoin cash to the Badgerwallet with ease and the client indicated the transaction was received almost immediately. We noticed two small issues with Badgerwallet: the incoming transaction was never recorded, and then we had issues sending the money back for less than a penny. Of course, the Badgerwallet extension is still in beta so finding weird quirks can be common. Lastly, the wallet currently doesn’t support tokens and the application will tell the user the feature is under construction.
Speaking with one of the Badgerwallet developers, Gabriel Cardona, the creator of Bitbox told news.Bitcoin.com that token support is not quite finished yet, but the team is making the wallet token agnostic. “With token plugin architecture developers from any of the emerging token platform can plug their tokens into Badgerwallet,” Cardona explains. For now, the developer says the team will be adding support for SLP and Wormhole tokens. Badgerwallet testers can create a new account with mnemonic, add as many accounts as you need from a dropdown menu, and send and receive BCH as well. The website and the team’s Twitter page also shows a demo of the ‘Badger Button,’ an app that allows people to embed a payment button to their website.
Overall, the wallet runs fairly smooth, minus the little quirks mentioned above and the team will likely be polishing the code on the next release. When the team adds the SLP and Wormhole token abilities, the wallet will likely gain more interest, especially if the app is token agnostic. As we mentioned in previous posts concerning ‘colored coin’ technology, a token friendly SPV wallet has always been one of the concept’s biggest challenges. Cardona tells news.Bitcoin.com that the team has recently added the Wormhole endpoints to rest.bitcoin.com and the wallet is being QAed now and will be live by next week.
What do you think about the Badgerwallet Chrome extension? Let us know what you think about this application in the comments section below.
Images via Shutterstock, Badgerwallet, and Jamie Redman
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This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.
Magic Dice is exactly as simple as it looks: five number ranges, five magic dice, a 100% safe algorithm of winning combinations, bets starting from 0,00004 BTC, and the chance of winning up to 12 BTC.
Magic Dice was developed to be playable on any iframe-supporting platform or casino. With this game, True Flip is finally launching its long-awaited b2b product, which will begin serving its first customers in late 2018.
Further developments will include refactoring of existing games to match iframe integrations, as well as the creation of new games for commercial use every two months.
“Based on a centuries-old concept, Magic Dice continues our tradition of offering unique, beautiful graphics in a user-friendly interface. We hope this product will gain fans from a variety of audiences due to its simple, yet captivating gameplay” — CMO, Konstantin Katsev.
“We’re happy to offer True Flip’s games to the broader market. Beginning this fall, we will undertake our first integrations and we welcome everyone to partner with us. We believe there is still huge demand for fresh visuals and gameplay in today’s gaming market.” — COO, Nikita Parkhomenko.
About True Flip
True Flip is an iGaming developer that has released five games, with more in development, and has attracted more than 200,000 registered players to date to the trueflip.io platform.
True Flip benefits from the advantages of distributed ledger technology. These include the overall transparency of processes, such as random number generation, ticket purchases and prize distribution.
True Flip is the source of this content. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.
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A joint venture of Boeing Co. and Lockheed Martin Corp. reportedly has chosen Jeff Bezos’ Blue Origin space firm to provide the first-stage engine for its new rocket.
The Wall Street Journal reported Thursday that United Launch Alliance had chosen Blue Origin’s BE-4 engine to power the first stage…
US-based cryptocurrency exchange Bittrex is reportedly launching a crypto exchange in Malta at the beginning of next month. Bittrex says the new platform will allow them to list coins “a lot faster.” It will operate within the regulatory framework established by the European Union and the Maltese government.
Bittrex Eyes Malta Launch in October
Bittrex has confirmed that “it will open a branch in Malta on Oct. 1, as part of its global expansion plans,” the Investor reported on Friday, September 14. Bittrex’s co-founder and CEO, Bill Shihara, said at the Upbit Developer Conference on the South Korean Jeju Island:
We are now planning to launch Bittrex Malta…This will allow us to list tokens a lot faster.
The conference is organized by Dunamu Inc., the operator of one of South Korea’s largest crypto exchanges, the Kakao-backed Upbit. Bittrex has a partnership agreement with Upbit that “allows the two exchanges to share the same order book and coin listings, among others,” the news outlet conveyed.
Shihara explained that “the coin listing process will be much easier and faster in Malta,” the publication noted, adding that the exchange “will also not charge fees for listing.”
Bittrex has already established a subsidiary in Malta as well as an affiliated company, Bittrex International, to manage all of its overseas operations.
Citing that “Bittrex Malta is designed to operate within the regulatory framework established by the European Union and Maltese government,” the exchange wrote:
Every digital asset listed on Bittrex Malta will be available for our international network of partner exchanges to launch (consistent with their local laws).
Bittrex’s Overseas Expansion
The CEO explained that “Working with the government in the US to stay compliant is hard. So it would be very difficult for us to open offices around the world in different countries,” elaborating:
We actually like this partnership model… If we can find great partners like Dunamu, then they can handle a lot of work with local regulations and banks. All we need to do is just help them make their exchanges better.
The news outlet noted that Shihara expressed “great satisfaction with the tie-up,” adding that “he seeks to renew the partnership every year, without plans to open a separate Bittrex branch in Korea.”
Bittrex started offering US dollar trading in May but currently has no plans to add other fiat currencies, the publication described. “But we do plan to continue listing more digital currencies that trade against the US dollar.” According to Coinmarketcap, Bittrex now lists 287 coins while Upbit has 273 coins listed.
What do you think of Bittrex opening an exchange in Malta? Let us know in the comments section below.
Images courtesy of Shutterstock, the Investor, Upbit, and Bittrex.
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