Author: Dylan Dedi

How to Decentralize Travel Monopolies, Explained

Who are the travel monopolies? Travel monopolies include the likes of Airbnb.com, Expedia, and Booking.com. These are platforms that may have been considered “decentralized” in the past, but a further look sees that they are far from it. Before online booking, brick and mortar travel agencies were the most popular way to book flights and accommodations. Big hotel companies had the advantage to plug complete monopolies over particular travel agencies, adding large percentages of commission for the middlemen who would book everything. Online platforms like Expedia.com and Booking.com aren’t much different, but they offer a few more options and...

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Centralized Cryptocurrency Exchanges, Explained

Everything you need to know about cryptocurrency exchanges. What is a Centralized Cryptocurrency Exchange? It is an online platform and most common way to trade cryptocurrencies. This includes buying/selling cryptocurrencies with fiat (fiat/crypto paring) as well as buying/selling cryptocurrencies with other cryptocurrencies (crypto/crypto pairing). They can be viewed as an online marketplace for the entire cryptocurrency network. What does it mean for an exchange to be centralized? To be centralized means to trust somebody else to handle your money. In the past, the word “centralized” was a given for all institutions that managed finances. To be centralized means that...

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How and Where To Buy Cryptocurrency? Overview

Despite the recent news about banks closing their doors on credit card purchases of crypto; one after the other, there are still available options you can use to buy crypto. Let’s see what they are. The easiest way is to buy cryptocurrency with a debit card on a centralized exchange. It really is as easy as buying clothes on Amazon. Coinbase, for example, is a popular interface to buy crypto with fiat (fiat= paper currency like dollars or euro). On Coinbase, users need to create an account and verify identity. After that, they can buy with their debit card....

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How Banking Institutions Can be Decentralized, Explained

How does decentralized banking look? Decentralized banking is a term that has been construed in the wake of the cryptocurrency boom. That is because cryptocurrencies are the first intelligent asset that can create such a tool. And because of this, many are referring to decentralized banking as “crypto banking.” Cryptobanks are decentralized platforms that provide the usual services that centralized banks provide, primarily lending services and credit scoring, but essentially cuts out all of the middlemen that a centralized bank uses. The people needed in a bank to approve loans and structure financial data are replaced in a crypto...

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Beverages Gone Blockchain Announce New CEO And Spinoff After Second Nasdaq Delist Notice

After Nasdaq gave a delist notice Friday, Feb. 16 to Long Blockchain Corp. for low market capitalization, the company, previously a soft drinks brand, has decided to make a last ditch effort at preserving its original beverage business. Long Island Brand Beverages LLC (LIBB) is officially breaking from its parent company Long Blockchain Corp. (LBCC), according to a press release given to GlobeNewsWire on Tuesday, Feb. 20th. Nasdaq had threatened to delist the formerly named Long Island Iced Tea Corp. in October 2017. The company renamed itself to Long Blockchain Corp. in late December 2017, seeing an almost immediate...

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SEC and CFTC Hearing: More Legitimate ICOs or “If There Was No Bitcoin, There Would Be No Blockchain”

This is what happened during the SEC and CFTC meeting. The Commodity Futures Trading Commision (CFTC) and US Securities and Exchange Commision (SEC) met the morning of February 6 2018 to discuss their roles in Blockchain, virtual currencies, and ICOs. Set in Washington D.C. at the Dirksen Senate Building, the Committee on Banking, Housing, and Urban Affairs met in open session for about 2 hours. Before the hearing began, testimonies were released on behalf of both witnesses. The Pre-Testimonies (these testimonies were released on February 5 2018) J. Christopher Giancarlo, chairman and witness of the CFTC, expressed optimism in...

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