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Centralized exchanges are the main enemy of crypto-movement. As long as they exist, there can be no fair course. We need really decentralized exchanges with great liquidity. But no one from cryptophies in such a project wants to invest money. It is simply not profitable for them. But sooner or later everyone will come to this unique right decision.
Therefore, decentralized exchanges - the only way.
Decentralization is the main principle of blockchain technology. This is the most important... Centralized exchanges are the main enemy of crypto-movement. As long as they exist, there can be no fair course. We need really decentralized exchanges with great liquidity. But no one from cryptophies in such a project wants to invest money. It is simply not profitable for them. But sooner or later everyone will come to this unique right decision.
Therefore, decentralized exchanges - the only way.
Decentralization is the main principle of blockchain technology. This is the most important and unique property of cryptocurrency. More

Binance Chain will charge "close" to $100k to list new coins, says CZ

Binance CEO Changpeng ‘CZ’ Zhou revealed during a 45-minute live AMA that the company’s decentralized exchange, Binance Chain, will charge “close” to $100,000 for listing new coins.

CZ explains that he deliberately wanted to set the fee higher than usual so they can reduce the amount of spam and scam projects. So while the fee will be in the ballpark of $100,000, CZ does explain that it is adjusted over time, saying... Binance Chain will charge "close" to $100k to list new coins, says CZ

Binance CEO Changpeng ‘CZ’ Zhou revealed during a 45-minute live AMA that the company’s decentralized exchange, Binance Chain, will charge “close” to $100,000 for listing new coins.

CZ explains that he deliberately wanted to set the fee higher than usual so they can reduce the amount of spam and scam projects. So while the fee will be in the ballpark of $100,000, CZ does explain that it is adjusted over time, saying “it’s quite easy to change.”
More

UAE to Discuss Blockchain and Digital Assets at 7th World Government Summit


The Ministry of Finance (MoF) of the United Arab Emirates (UAE) will discuss the development of blockchain and digital assets in the country’s economy at the 7th World Government Summit. The news was reported by business news outlet the Gulf Today on Feb. 7.

The MoF will hold two closed sessions devoted to global financial trends, including the development of blockchain and digital currencies and building a... UAE to Discuss Blockchain and Digital Assets at 7th World Government Summit


The Ministry of Finance (MoF) of the United Arab Emirates (UAE) will discuss the development of blockchain and digital assets in the country’s economy at the 7th World Government Summit. The news was reported by business news outlet the Gulf Today on Feb. 7.

The MoF will hold two closed sessions devoted to global financial trends, including the development of blockchain and digital currencies and building a feasible economic environment around the two technologies. The conference participants will also discuss the development of Small and Medium Enterprises (SMEs) and the governance of digital assets.

The MoF will also hold an open session with the International Monetary Fund (IMF), debating what impact development funds could have on the global economy by investing in the digital economy, while the World Bank will participate in a discussion on the coordination of fiscal policies.

The UAE has launched a number of initiatives related to blockchain adoption and digital assets development in the country. In January, the UAE and Saudi Arabia announced an agreement to cooperate on the creation of a cryptocurrency. The cryptocurrency called “Aber” will purportedly “be strictly targeted for banks at an experimental phase with the aim of better understanding the implications of blockchain technology and facilitating cross-border payments.”

However later that month, the UAE’s central bank and the Saudi Arabian Monetary Authority announced that the use of Aber will be limited to financial settlements using distributed ledger technologies “on a probational basis and [for] exclusive use by a limited number of banks in the two countries.”

In December 2018, the Securities and Commodities Authority of UAE (SCA) said it will introduce initial coin offering (ICO) regulations in the country by the end of the first half of 2019. The SCA chief executive, Obad Al Zaabi, said that the regulator has “signed agreements with law firms to come up with the sandbox and rulebooks for the issuance of ICOs.” More

Crypto Critic Nouriel Roubini: Blockchain is ‘No Better Than an Excel Spreadsheet’


Nouriel Roubini, a notorious cryptocurrency critic, has stated that blockchain is “no better than an Excel spreadsheet” during a panel hosted by crypto exchange LaToken on Jan 25.

Roubini is also known for having predicted the 2008 financial crisis, earning him the moniker of Dr. Doom.

Speaking during a panel at the Blockchain Economic Forum in Davos, Roubini defined blockchain as “the most overhyped... Crypto Critic Nouriel Roubini: Blockchain is ‘No Better Than an Excel Spreadsheet’


Nouriel Roubini, a notorious cryptocurrency critic, has stated that blockchain is “no better than an Excel spreadsheet” during a panel hosted by crypto exchange LaToken on Jan 25.

Roubini is also known for having predicted the 2008 financial crisis, earning him the moniker of Dr. Doom.

Speaking during a panel at the Blockchain Economic Forum in Davos, Roubini defined blockchain as “the most overhyped technology ever,” while noting that Bitcoin and other cryptocurrencies are the mother of all bubbles. He also pointed out during the talk that blockchain and crypto have nothing to do with fintech and private distributed ledger technology (DLT).

Private DLT, according to Roubini, is nothing more than a fancy database, since it is neither trustless nor decentralized. He also pointed out that, just like DLT, central bank digital currencies (CBDCs) don’t have anything to do with blockchain and crypto either. Roubini sees CBDCs mostly as a way to extend access to the central bank register to every individual, instead of granting access to banks only.

Furthermore, Roubini expressed his idea that CBDCs will dominate cryptocurrencies and change banking in radical ways. Moreover, while he foresees that fintech will change finance and that cash will disappear, he is of the opinion that blockchain and crypto won’t play a role in this change.

Nouriel also harshly criticized what he described as the “tokenization of everything,” explaining that having a token for everything would be equivalent to going back to barter. He also pointed out how the characters in the famous Flintstones cartoon have a currency, which is seashells, arguing that tokenization is worse than that.

Talking about privacy, Nouriel pointed out that no government or regulator will permit the use of anonymity-centric cryptocurrencies such as Monero. As Cointelegraph reported in June of last year, Japanese self-regulatory body Virtual Currency Exchange Association (JVCEA) banned the trade of anonymity-oriented altcoins such as Zcash and Monero.

Roubini’s negative stance on cryptocurrency is not a new opinion for him: in an interview with Cointelegraph in October last year, he declared that, according to him, 99 percent of cryptocurrencies are worth zero. More