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digital currencies, Akoin and blockchain voting

August 23, 2020

Bitcoin is stable again this week, while the coin continues to hit the $ 12,000 ceiling. Where are you going next? Analyst sees battle royale as whales try to advance to $ 14,000. Other investors are more optimistic. You can see that the recent sale of Berkshire Hathaway bank shares and the purchase of shares in a gold mining company raise the price to $ 50,000. However, if Warren Buffett is upset about the banking system, he’ll be late for the party. Kim Dotcom arrived there two years ago and reminded his followers that he had advised them to buy bitcoin.

However, the Federal Reserve could catch up. Governor Lael Brainard revealed that The Fed is investigating a digital dollar. A partner in this research is MIT, which will develop, test and research a digital currency for two to three years.

The Fed isn’t the only one realizing the power of the blockchain. The United States Postal Service has filed a patent for a secure voting system. The system uses the blockchain to secure the voting via email. A startup company in Bulgaria offers cryptocurrencies to travelers whose flights are delayed by at least an hour. In South Korea, one million drivers have already exchanged a physical license for a blockchain-based version that is used with a smartphone app. The program started in May.

digital currencies, Akoin and blockchain votingdigital currencies, Akoin and blockchain voting

Senegal could make South Korea look small, however. Akon, the Senegalese-American star and philanthropist, says his $ 6 billion Akon City runs on the stellar-based cryptocurrency Akoin. His real wakanda is already 85 percent complete, he says. Ripple aims even bigger. Under the new CEO Brad Garlinhouse, The company is trying to become the Amazon of the crypto world. The aim is to go beyond cross-border payments and encourage the creation of new applications on the Ripple network.

Both projects are in the future, but at least some of the well-known blockchain-based smartphones and smartwatches are already available. The Samsung Galaxy S10 supports more than 30 cryptocurrencies in its wallet, and the company’s KlaytnPhone rewards users with 2,000 Klay tokens.. Finney from the blockchain company Sirin Labs has integrated a cold store and a DApp ecosystem. Cold storage is also a feature of watchmaker Franck Muller’s Encrypto watch. The watch face also has a QR code for receiving Bitcoin payments. In the world of social media, Ignite is trying to offer a blockchain-based microblogging platform, an alternative to government-censored social media platforms.

However, the development of blockchain usage does not include all supercities, smartwatches and social media. Asia is aiming for blockchain to protect itself from online crime during the pandemic. You seem to be on the right track. Binance recently helped Ukrainian cyber police identify and arrest criminals involved in a $ 42 million money laundering and ransomware operation.

And finally, while the cryptocurrency world in general is full of smart people with great minds, Someone just paid 40 ETH, around $ 17,000, for a digital picture of a cat drawn by Paris Hilton. The money will be used for charity. So maybe we can say that the cryptocurrency world is full of people with big hearts.

Listen to the audio version here:

Joel comm is an Internet pioneer, New York Times bestselling author, futuristic speaker, and co-host of The Bad Crypto Podcast. It’s a fancy way of saying that you type words, say things, and love to play with cryptocurrencies.

The views, thoughts, and opinions expressed herein belong solely to the author and do not necessarily reflect or represent the views and opinions of Cointelegraph.

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