Connect with us

Blogs

Google thrusts towards blockchain, is Google Coin in the making?

Published

on

Google Coin
READ LATER - DOWNLOAD THIS POST AS PDF

We all know Google was not precisely ‘open’ to the crypto world. In fact, not so long ago the giant company decided to follow the lead of Facebook (which has changed its mind already now) and Twitter while banning crypto ads on their site. However, as it seems, the unfavorable perception of the company may be changing now, and this is something that can be read crystal clear with the latest crypto advertising acceptance and the adding of several cryptocurrencies to their crypto-to-cash converter that occurred just a couple of days ago.

Moreover, one of the most surprising facts is that Google made all of the latest decisions without making any announcements, which of course, let us think that there’s something big going on there. Is it possible that Google is planning to start a crypto revolution? Could we be speaking of a ‘Google coin’ appearing in the cryptosphere any soon? Let’s see all the reasoning behind and the latest moves of the search giant.

Google cloud services and the blockchain technologies

Google is one of the few cloud services that as of now hasn’t still given an approach to the blockchain technologies to refresh the service and provide an update to the way it functions. Let’s recall that not so long ago, this year, Amazon Web services announced the launch of the dubbed ‘AWS Blockchain Templates’, a project designed with the intention of supporting its users in the creation of their very own blockchain projects by using Ethereum and Hyperledger.

Similarly, Microsoft communicated as well the employment of the blockchain with the intention of providing blockchain-based solutions to enterprises, and this was followed by the launch of a project dubbed ‘Coco,’ a blockchain-based framework constructed to work on enterprise systems. Like this, it was just a matter of time before Google would intend to make a similar move, and apparently, that time has come already.

It was clear that this was going to happen at a certain point. In fact, the co-founder of Google and president of Alphabet, Sergey Brin, recently stated that they “probably already failed to be on the bleeding edge” by not adapting to the new technologies, and evidently, this adaptation didn’t take so long. This Monday Google announced its partnership with the company Digital Asset, a startup business that seeks to deploy and deliver tools in regards to the construction of blockchain-based applications.

In this matter, the head of the Financial Services at Google, Leonard Law, declared that they are,

”delighted to innovate with Digital Asset in the distributed ledger space. DLT has great potential to benefit customers not just in the financial services industry, but across many industries, and we’re excited to bring these developer tools to Google Cloud.”

In addition to this, another partnership was also announced with BlockApps, which is nothing less than another startup that seeks to aid the construction of DApps, so as it seems, no matter how late Google may be, they’re right on track to conquer the crypto world as well.

Conclusion

The possibilities of the latest announcements are enormous. For the one part, many of us may speculate about the creation of a ‘Google coin’, and this actually doesn’t sound that crazy considering the many uses that the search giant can give to this coin. On the other hand, no one knows better what we want than Google, so we could be speaking of the creation of blockchain-based projects that satisfy our deepest needs… A ‘Google wallet’ perhaps?

What Google is really attempting to do with this stills remains a question, for the moment we only have to wait and see how the giant will surprise us. Hold tight, stay tuned.

For the latest cryptocurrency news, join our Telegram!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Maxpixel.net

Blogs

How is the Crypto Market Changing?

Published

on

crypto market
READ LATER - DOWNLOAD THIS POST AS PDF

It has been around a month and a half since the start of 2019, and there are already some pretty obvious changes in the way the crypto market operates, especially when compared to the last year. Early 2018 was almost a complete opposite. The previous year started with cryptocurrencies at their strongest, only to see them crashing down after a few weeks. Back then, the ICO model was still quite strong, and so was the hype surrounding the crypto space. New investors kept entering the space, and new startups emerged with their tokens ready to be sold.

As the year progressed, things started to change. The prices continued to drop, the ICO model went down from around $1.4 billion in raised funds at the beginning of the year to only $100 million in the last month.

The ICO model lost investors’ trust, as many of the projects turned out to be either too weak to survive after the crypto winter struck, or scams which tricked investors out of their money and disappeared. Not to mention that the increase in ICOs popularity attracted the regulators who cracked down on them pretty hard, especially in the US.

With all of that happening, it is of a small surprise that the investors started giving up on ICOs, especially with the constant drops in prices which saw even the largest coins…

Continue Reading

Blogs

Understanding the Uses of Different Types Of Cryptocurrencies

Published

on

cryptocurrencies
READ LATER - DOWNLOAD THIS POST AS PDF

Cryptocurrencies – a term which has become incredibly prominent in the mainstream media during recent years due to the proliferation of Bitcoin millionaires. As a result, the new form of currency has earned an almost infamous status. However, as with any major step forward, there is still much confusion regarding the use of cryptocurrencies, what different types of innovative electronic cash exist and what they might mean for the future.

We’re putting all of this to rest as we explain what each of the leading cryptocurrencies can do.

Bitcoin

The most popular form of cryptocurrency, Bitcoin was first thought up in 2008 by the elusive and still unknown creator, Satoshi Nakamoto, who published the whitepaper online.

It took almost a decade for the cryptocurrency to reach its peak, but in December 2017 a single Bitcoin roughly exchanged for the price of $17,000, meaning anyone who held a substantial amount of the electronic cash became significantly wealthy.

In its early years, the cryptocurrency was strictly used as an alternative for cash transactions, and predominantly for trading goods and services. However as it has increased in popularity, its range of uses has also widened, now deployed for a variety of purposes including acting as collateral for investments at merchant banks, a direct debit for subscriptions services and most notably for sports betting.

Ripple

Bitcoin’s closest source of competition, Ripple was founded…

Continue Reading

Blogs

New DoJ Ruling May Cripple Gambling dApps

Published

on

gambling dApps
READ LATER - DOWNLOAD THIS POST AS PDF

A new decision made by the US Justice Department has expanded restrictions regarding online gambling in the US affecting gambling dApps. While the Federal Wire Act of 1961 prohibited online gambling regarding sports since 2011, the new decision expanded on this, and it now includes all forms of internet gambling. Unfortunately for many, this now also includes cryptocurrencies.

The new decision came due to considerable difficulties when it comes to guaranteeing that only interstate betting will take place and that payments will not be routed via different states.

The new announcement was explained in a 23-page-long opinion issued by the Department of Justice’s legal team, which pointed out that the 2011 decision misinterpreted the law. According to that decision, transferring funds was to be considered a violation, but data transfers were not included. By exploiting this oversight, it was possible for gamblers to turn to internet gambling. Unsurprisingly, many have realized this early on, including startups, as well as large, established firms. This, of course, also included cryptocurrency companies as well.

The new decision changes what is allowed online

The decision to include all forms of internet gambling is a massive hit in the…

Continue Reading

Elite