In this edition of The Daily we cover some largely supportive remarks the famous entrepreneur Elon Musk has made about , the latest academic institution to launch a R&D center, and a new offering from Malta-based exchange Xdat.
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Elon Musk Talks bitcoin
The founder of Tesla and Spacex, , is once again making headlines about crypto. He recently went on the Ark Invest to discuss the future of autonomous driving technologies. Most of the half-hour interview focused on the strategy behind his electric car company but the topic of eventually popped up in the last four minutes.
Musk commented: “I think the structure is quite brilliant. There seems like there is some merit to as well, and obviously others. But I’m not sure if it’s a good use of Tesla resources to get involved in cryptos … We’re really just trying to accelerate the advances of sustainable energy. One downside of is … computationally it’s quite energy intensive. There has to be some kind of constraint on the creation of crypto. It’s very energy intensive to create the incremental at this point … It bypasses currency controls. Paper money is going away, and crypto is a far better way to transfer value than pieces of paper. That’s for sure.”
Shanghai’s Fudan University Launches Research Center
Shanghai’s Fudan University the latest academic institution to launch a R&D center. Founded in 1905, Fudan is one of the most prestigious and selective schools for higher learning in . The Shanghai Engineering Technology Research Center is tasked with carrying out basic research in the field, developing demo applications in collaboration with the broader industry, and talent to serve Shanghai’s economic development.
Last month the University of California, Berkeley the formation of its own -focused startup accelerator program, the Berkeley Xcelerator. This program is meant to help aspiring entrepreneurs create high-value ventures in the space with industry guidance from Silicon Valley.
Xdat Exchange Lists 18 Trading Pairs
Xdat, a new Malta-based exchange, has announced the listing of 18 pairs. These comprise ETH/, BCH/, /, ETC/, XRP/, DASH/, LTC/, /ETH, BCH/ETH, /ETH, ETC/ETH, XRP/ETH, DASH/ETH, LTC/ETH, /TUSD, ETH/TUSD, /EURO, and ETH/EURO. The company has further plans to add other pairs over time.
The exchange is compliant with Maltese regulations for KYC and AML procedures and caters to both retail and institutional investors. Its fiat gateway allows users to deposit funds in 12 major currencies: USD, GBP, JPY, HKD, CHF, AUD, NOK, SEK, DKK, CZK, PLN, and HUF. This selection is meant to eliminate the need for involvement of a foreign bank for the supported options and allows users to work solely with Xdat’s bank.
“Xdat is on a mission to address the key problems of existing exchanges … including lack of flow of new capital, lack of trust, no approach for mass , and high fragmentation,” said CEO Prashanth Swaminathan. “Our aim is to bring crypto to all. To that end, we will be working closely with our community and using their support and feedback to make our interface more user-friendly and as streamlined as possible.”
What do you think about today’s tidbits? Share your thoughts in the comments section below.
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Published at Wed, 20 Feb 2019 14:13:45 +0000
