Two-thirds of failed stablecoin projects were backed by gold

Stablecoins were once touted by some as a fix for cryptocurrency’s volatility. Thing is, it seems they’re not as stable as their name would suggest. Most of the stablecoin projects announced since 2017 are still yet to launch, and two-thirds of stablecoin projects that have failed were backed by gold. Since the beginning of 2017, 119 stablecoin projects have been announced and are still yet to be rolled out to the public, there are currently 66 active stablecoins, according to research from blockchain analytcis firm Blockdata. To date, 24 stablecoin projects have closed down and ceased operations. Around two-thirds (16)…

This story continues at The Next Web

from The Next Web https://ift.tt/2Xd8fPD

Comments

TNW Podcast: Boris comes over to co-host; Slack’s Cal Henderson talks European tech

Welcome to the new episode of the TNW Podcast — the show where we discuss the latest developments in the European technology ecosystem and feature interviews with some of the most interesting people in the industry. In today’s episode, Andrii is joined by Boris Veldhuijzen van Zanten, co-founder, member of the board, and former CEO of TNW. The topics discussed include the jobs created by Dutch startups, giant state funding for energy projects, translations of the word ‘computer’, and a bunch of other things in between. In the interview section, we’re featuring a conversation with Cal Henderson, co-founder and… This story continues at The Next Web from The Next Web https://ift.tt/jUgcNFD

Google’s ‘time crystals’ could be the greatest scientific achievement of our lifetimes

Eureka! A research team featuring dozens of scientists working in partnership with Google‘s quantum computing labs may have created the world’s first time crystal inside a quantum computer. This is the kind of news that makes me want to jump up and do a happy dance. These scientists may have produced an entirely new phase of matter. I’m going to do my best to explain what that means and why I personally believe this is the most important scientific breakthrough in our lifetimes. However, for the sake of clarity, there’s two points I need to make first: Time crystals are a… This story continues at The Next Web Or just read more coverage about: Google from The Next Web https://ift.tt/3fdRQlg

Everybody hates cybersecurity professionals

What’s the worst job you’ve ever had? I’ll start. When I was 20, I spent six long months working as a Sharepoint developer for a massive UK-wide charity. Our team was small and horrendously overstretched, and I often helped out with helpdesk calls, where I’d inevitably spend much of my time explaining our stringent password requirements to disgruntled non-technical staff. That wasn’t fun, but at least I could say I was merely following orders. I didn’t come up with the rules. Unfortunately, top-level information security professionals don’t get the luxury of passing the buck as I did. Good cop, bad… This story continues at The Next Web from The Next Web http://bit.ly/2DzguKw

Technology News Era

Search This Blog