CasinoFair and Crypto Casino now live with game-chang ing technology
Dublin, 18th July, 2019 – FunFair Technologies, the market-leading blockchain casino platform provider, is now live with its innovative, real-time affiliate technology across its white-label network.
The innovative technology, which changes the rules for affiliate and referral partnerships, guaranteeing real-time payments based on wagering, not player losses, and is available now to both affiliate partners and individual referrers.
Significantly, affiliates no longer need to wait until the month or quarter-end to receive payments, with smart contract technology ensuring revenues are paid on-chain in real-time in FUN, direct to a nominated Ethereum wallet.
FunFair’s Guaranteed Fair technology ensures all transactions are transparent, mitigating disputed payments, with all affiliated player activity and payments available to view live on the blockchain.
It is expected that the instant payments standard will set the standard for affiliate partnerships in future, empowering the affiliate or referrer with the peace of mind and immediate revenue that their traffic driving efforts deserve.
The technology will also add an extra social dimension to FunFair-powered casinos’ next-generation offering, complementing its millennial-focused games portfolio and community-led approach.
Lloyd Purser, COO at FunFair Technologies, said: “To launch this groundbreaking new technology into the affiliate space is a major landmark for us and the industry, and we’re excited to see how professionals and more casual referrers take to the real-time payment benefits.”
“It will likely be a brand new concept to many so we’re looking forward to working with partners on how guaranteed instant payments based on wagering is not only possible, but now live across the burgeoning FunFair casino network.”
CasinoFair, FunFair’s first live casino, is now live with the affiliate technology, offering affiliates preferential rates to celebrate the launch and offering referrers a limited time Universal Offer and a promotion that will see the top three referrers share a prize pool of 500,000 FUN.
Affiliates looking to be first movers in the space can sign-up here, while individuals wanting to start earning now can register and start earning here.
About FunFair Technologies
FunFair, currently powering CasinoFair and Crypto Casino, is the leading B2B blockchain casino platform provider, changing the gaming industry for the better. Running on the blockchain, FunFair is empowering a new breed of operator with a low-cost platform, game developers with access to a vast new audience, and players with a Guaranteed Fair experience superior to anything else on the market.
Its team has over 100 years of combined experience in the gaming and casino space, as well as 20 years of blockchain expertise, providing a platform to deliver the best slots, table and unique instant win games in a transparent, fair manner.
Co-founded by Jez San OBE, Jeremy Longley and Oliver Hopton in 2017, its growing team of c.40 are based in Dublin and London.
For more information, visit funfair.io. Follow on Twitter at twitter.com/funfairtech and Telegram at https://t.me/FunFairTech.
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For quite a while now, Siemens has shown a growing interest for blockchain-based solutions. The global, automation and digitalization giant has now begun to explore the potential of implementing blockchain tech in carsharing.
Andreas Kind, Siemens’ head of cybersecurity and blockchain, says that Siemens is looking into implementing blockchain tech into carsharing via Siemens Mobility.
He believes that Siemens is doing the right move by following the trend of mainstream giants who are looking for ways to incorporate blockchain tech.
Carsharing is basically the rent of a car for a very short period of time. The best example of such services would be the rental service Zipcar.
Carsharing and fuel cards
One of the biggest issues with carsharing is the association with fueling cards. These cards allow renters to refuel, but place countless restrictions on the customer and are often stolen. Kind states:
“If a client as a carsharing subscription, he doesn’t have to worry about parking or car fueling, everything is simply there. This is the perfect example where technology can bring together different participants who don’t necessarily trust each other.”
Carsharing however, is just one of the areas where Siemens looks to incorporate blockchain technology. The biggest perk of blockchain tech is that it can enable a much more frictionless way of transacting.
According to Kind, this can be incorporated into delivery services, providing garage services, repairs, etc. “Blockchain technology really has the potential to move a specific industry 10 years into the future.”
Earlier this year, at Bosch’s 2019 Connected World Conference, Siemens’ Corporate Technology team revealed that they are working on the concept of blockchain-based smart parking.
Grand View Research, recently released a market report, which revealed that blockchain is one of the main technologies that drive global growth in the global transportation management systems (TMS) sector.
The research points out that the TMS market is expected to reach the staggering $198 billion by 2025. This is an effective growth rate of 16.2%.
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Coinspeaker Coinbase Deposits in the U.K. Now Takes 10 Days with Minimum Deposit £1000Recent news report that Coinbase has suspended the U.K’s Faster Payments system and raised the minimum deposit amount to 1,000 British Pounds. Now Coinbase users in the U.K. have to use the standard international transfer option, also known as SWIFT, to send and deposit funds. Coinbase hasn’t yet justified the motivation for this action.“We’ve temporarily suspended Faster Payments and added support for GBP Swift payments in the interim,” reads the e-mail.They go on and claim that Faster Payments will resume sometime in the next few months but failed to specify an exact date.“For your account’s security and to prevent any potentially fraudulent activity, you will be unable to withdraw these funds or send the value of this deposit from Coinbase for 5 calendar days after deposit,” Coinbase staff added.Since SWIFT payments usually take 5 working days to complete, The United Kingdom becomes a subject of a ten-day delay for making deposits.CoinSpeaker was able to contact and ask for a comment from one of the owners of a UK-based cryptocurrency exchange, CoinBurp. He thinks that this move by Coinbase is disappointing and that it is failing many UK customers:“This move by Coinbase is a clear indication that they no longer intend to serve traditional UK retail customers. As a company who has previously done so much for the UK crypto space, it is very disappointing to see the same customers who made them so successful are now being abandoned,” said CoinBurp CEO Peter Wood.Coinbase’s New Crypto Trading ToolsIn other news, Coinbase recently unveiled new tools for crypto investors to make informed trading strategies. Coinbase explains that these tools are “the first of their kind in crypto” and are meant for entry-level investors to better understand how seasoned traders pick their signals. Coinbase also has unveiled the three trading signals: Holder Activity, Typical Hold Time and Popularity, and Price Correlation.“The top holder activity signal is the percentage of Coinbase customers with large balances of an asset (top 10%) who have net increased (bought) or decreased (sold) their positions in that asset through trading over the last 24 hours. This is updated approximately every 2 hours,” comments Coinbase.Coinbase’s senior engineer, Will Drevo, who also had done some early analysis of these tools said that Coinbase’s top crypto accounts usually are more keen on buying rather than selling. He believes that there is a direct correlation between bullish and bearish market cycles:“Historically, when top holders are either unusually bullish or bearish this has been indicative of changing market conditions, but not always.”Coinbase Deposits in the U.K. Now Takes 10 Days with Minimum Deposit £1000
Coinspeaker Japan to Begin Developing SWIFT-like Network for International Cryptocurrency PaymentsJapan is seen by most as one of the most crypto-friendly environments in the world and its government seems to be keen on keeping this position. The Japanese government is now grabbing the crypto bull by its horns as it intends to create an international network for cryptocurrency payments, comparable to the SWIFT network currently used by banks.Apart from breaking new grounds with cryptocurrency, the government also intends to use this in its fight against money laundering and other financial crimes.According to reports, the network was proposed by Japan’s Ministry of Finance and the Financial Services Agency (FSA) and its development has already been approved by the inter-governmental Financial Action Task Force (FATF) which will have a related team to monitor its creation and development, with support from other countries.At the moment, there is little to no information about how the network is intended to operate and there is not yet an official state from the Ministry of Finance or the FSA. Regardless, the payment system is expected to be ready and deployed sometime with the next few years.It might also be important to consider whether or not there’d be any opposition to the network from the country’s budding cryptosphere. This is because there will now be a more oversight function in the sector, which in some ways, goes against the fundamental nature of the crypto industry – its deregulation. However, it’s not difficult to see why the sector’s unregulated landscape is a serious problem for many traditional institutions and governments all over the world.Japan’s desire for regulation in the sector is not misplaced especially when it is considered that some crypto exchanges in the country have been affected by a few breaches in the past. Coincheck and Mt. Gox, both Japanese platforms, were seriously damaged by hackers and up till now, both platforms are still referenced as part of the reasons why comprehensive regulatory action is needed in the sector, all over the world.As a response to the unending risk from cybercriminals, the country is constantly developing ways to prevent such occurrences or at least reduce the risk. This is one of the reasons why Japanese lawmakers eventually passed a law that allowed Bitcoin to be recognized as legal tender, back in 2017.This need for regulation is also the major reason Facebook is getting a lot of flak from the U.S. government since it announced its own digital asset, the Libra. Lawmakers recently grilled Facebook executive and head of the Libra/Calibra project, David Marcus, on the plans for the cryptocurrency for more than five hours.This came after members of the government in different areas called for a suspension of the project until some of the issues regarding privacy are resolved. This call for a suspension was also repeated at the congressional hearing, with Marcus promising that all issues will be properly addressed before the Libra officially launches in 2020.Japan to Begin Developing SWIFT-like Network for International Cryptocurrency Payments
Coinspeaker Fantom Enters into a Blockchain Deal with the Private Office of Sheikh Saeed bin AhmedThe SEED Group and the Private Office of Sheikh Saeed bin Ahmed announced that it had teamed up with Fantom Foundation, a DAG blockchain platform. This partnership aims to help Dubai come up with new economic opportunities. Also, it seeks to provide a better user experience for UAE residents by leveraging the blockchain technology.This collaboration is part of the wider project of making Dubai a smart city powered by blockchain. The UAE is one of the regions across the globe that has embraced blockchain and crypto.Through the Smart Dubai initiative, which was founded by the Ruler, Vice President and Prime Minister of Dubai, the city aims to become “fully powered by blockchain by 2021.” The UAE has set aside $6 billion for developing the requisite technology and infrastructure to achieve this milestone.According to Hisham Al Gurg, the CEO of SEED Group and the Private Office of Sheikh Saeed bin Ahmed Al Maktoum,“This day marks the beginning of a new partnership that lays the groundwork for integrating Fantom Foundation’s technology and expertise into the vision of Dubai to become a blockchain city. Given their extensive experience in technology R&D and working with partners, we look forward to seeing how this will significantly benefit the Smart Dubai initiative strategy.”This news comes after Fantom had a successful trip to Dubai in April this year. Gurg formalized this agreement with Fantom’s Ashton Hettiarachi and David Freuden in their Dubai head office.Ashton Hettiarachi noted,“We are super excited to partner up with The Private Office of Sheikh Ahmed bin Saeed Al Maktoum to bring innovation and build solutions for Dubai to create new economic opportunities and deliver better user experience for UAE citizens.”Fantom’s Blockchain and How it Can Help the UAE Make Dubai a Smart CityFantom is a Directed Acyclic Graph (DAG) blockchain platform. It comprises of three layers. These are the distributed consensus layer, the middleware layer, and the application layer. These layers ensure the process of verifying transactions is done in a non-synchronized manner. In so doing, it removes the limitations and delayed approvals experienced when using the blockchain technology. Fantom has also used a modular approach in its technology.Consequently, the platform ensures faster transaction speeds and increased scalability.The platform supports smart contracts. This would allow developers to build decentralized applications (dApps) on it. Through these smart contracts the UAE can improve several sectors seamlessly. In so doing, the jurisdiction would be set to provide its citizens with better services.Due to Fantom’s immutability and scalability, the platform has what it takes to be the backbone of establishing a smart city.Sectors That Fantom Can DisruptTraffic management. By incorporating Fantom’s blockchain technology, the UAE will be able to reduce traffic congestion. Also, Fantom would introduce smart parking and integrate an IoT-powered maintenance system. On top of this, the DAG platform would be fundamental in the manufacturing of autonomous vehicles. Such vehicles would communicate with each other through Fantom’s secure blockchain network, resulting in safer roads for the country’s citizens. This will also ensure that roads users get to their destinations quickly.Public utilities. Through Fantom, the UAE will be able to tap into renewable energy sources more efficiently. It will also prevent energy wastage by introducing blockchain-powered data-driven management systems. On top of this, the country will be able to monitor and manage energy infrastructure appropriately. Additionally, Fantom will play a significant role in establishing proper waste management systems, helping keep Dubai clean.Government services. By integrating Fantom’s blockchain into its government agencies, the UAE will be in a position to offer its citizens more efficient channels to pay for its services. This will allow the citizens to pay for taxes and other fees through websites or mobile applications instead of queuing at the offices of the government entities. Also, the government will be better poised to offer better healthcare services by introducing immutable electronic medical records.Financial Services. The Fantom token (FTM) would offer seamless payment options. Fantom is interoperable with Ethereum, Cosmos and Bespoke. This feature would ensure Dubai conducts cross-border transactions quickly and securely. On top of this, Fantom would also help the country digitize assets.Smart homesEducation.Fantom Enters into a Blockchain Deal with the Private Office of Sheikh Saeed bin Ahmed
The next 5 to 10 years are going to see an immense flood of blockchain technology in countless markets. When it comes to the blockchain-healthcare relationship, things are definitely looking to get real serious, real soon.
Earlier this week, Acumen Research and Consulting (ARC) released a projection showing that the blockchain-healthcare market will keep growing. It’s expected that the blockchain in healthcare market will bump up to more than $1.7 billion by 2026. This is a compound annual growth of 48.1%.
If we look at geography, America completely dominates the largest share of the blockchain-healthcare market. In the United States however, the health care market is considered to be mature.
The blockchain-healthcare market in the US will be pivotal for world growth
Essentially, the United States market offers the largest possible adoption rates of smart technology in both healthcare and manufacturing.
Europe is trailing way behind the United States when it comes to the blockchain-healthcare market. Government support seems to be relatively high and there are very good outliners that the growth will continue.
ARC points out that the presence of multinational companies is a great sign for blockchain healthcare. The biggest problem for blockchain healthcare in Europe however, seems to be the lack of security.
The release reveals that Asia Pacific is the fastest growing region when it comes to blockchain implementation in healthcare. Naturally, the fastest growing economy in the world offers a lot more opportunities, but the growth is impressive nevertheless.
According to ARC, the Japanese market can be considered mature and with the growing demand for highly-qualified labor, will definitely be one of the pillars of blockchain healthcare in the near future.
Another research recently revealed that both the auto and aerospace fields will be immensely impacted by blockchain tech in the near future. The estimated growth exceeds $20 billion for the next 10 years. This is largely attributed to the estimated growth of both the auto and aerospace sectors.
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Coinspeaker IBM Stock Down Despite Earnings, Cloud Revenue Beat Wall Street ViewOn Wednesday, IBM reported better-than-expected Q2 earnings. However, the stock price rebounded after hours as the company’s guidance for the year held steady. Shares of IBM rose initially by up to 4% but later receded and in the end were down more than 1%.According to Refinitiv, revenue came in at $19.16 billion as expected by analysts. The earnings report was $3.17 per share versus the expected $3.07 per share. The company’s revenue fell 4% from last year even as earnings grew 3% according to an official statement. Additionally, the year-over-year revenue has declined for the fourth quarter in a row.IBM’s Global Technology Services produced $6.84 billion in revenue, down almost 7%. That figure is slightly below the $7 billion consensus estimate projected by FactSet analysts. The GTS is declining by 3% since the company aims to reposition its portfolios for higher growth and profitability. Stifel analysts led by David Grossman wrote in a note on July 9 saying:“Declines are likely to remain at these levels through most of this year as the company exits lower margin capital intensive business and culls low growth/margin relationships from the portfolio.”The Cloud and Cognitive Software unit contributed $5.65 billion in revenue against the expected estimate of $5.55 billion. IBM’s Global Business Services segment reported revenue of $4.16 billion just below the $4.17 billion FactSet estimate. Systems revenue came in at $1.75 billion, down around 20% and below the $1.82 billion mean FactSet estimate.According to IBM, growth from the Power product line sufficiently offset the impact from the company’s storage “product cycle dynamics” and Z mainframe-computer products. In the past quarters, the Z line helped lift IBM’s revenue as businesses made upgrades.IBM Stock DirectionShares were up 2.2% to 146.22 in the afternoon hours of Wednesday’s trading session. According to IBM Chief Financial Officer James Kavanaugh:“We maintained our momentum in the second quarter, again expanding gross profit margin and growing free cash flow, driven to a great extent by our increasing mix of high-value offerings for clients.”IBM confirmed that it is on track to meet its full-year adjusted EPS guidance of “at least” $13.90. That figure excludes the impact of the recently successful acquisition of Red Hat. The company’s non-GAAP gross profit margin grew by 100 basis points year-over-year to 47.4% for the quarter. That is the biggest expansion in more than 5 years.Kavanaugh explained that the gross margins improved as a result of IBM’s higher-value segments like data security, cloud, and artificial intelligence. He also noted that the previously announced software divestiture gains had no impact on Q2 earnings after legal costs and restructuring.Facebook and BitcoinCurrently, investors are worried about Facebook’s move into cryptocurrency. They think that it will spark a new wave of regulation. The worry and uncertainty sent the Bitcoin price below $10,000 for the first time in two weeks. US Senate lawmakers grilled David Marcus about the Libra crypto project on July 16.As we published earlier, Marcus was testifying before the Senate Committee on Banking, Housing, and Urban Affairs. During that hearing, Facebook’s proposed digital currency Libra and data privacy considerations were examined.With a lot of animosities, shamelessness and inappropriate language, U.S senators showed their real face. They showed that they do not want to learn and will do anything to keep their monopoly untouched. The Ohio Democrat Sherrod Brown said:“Facebook’s motto is ‘move fast and break things.’ They’ve moved fast and are helping to undermine our democracy. Now they’re expecting us to trust them with our paychecks.”Bitcoin plunged below $10,000 towards the $9,150 level but it has recovered a bit now trading around $9,800.IBM Stock Down Despite Earnings, Cloud Revenue Beat Wall Street View
Coinspeaker Decentralization Taking Shape On a New Platform For Dapps and ServicesThe blockchain industry is developing and there is no stopping it. What started out more than 10 years ago as an obscure and highly criticized technology burdened down by skepticism, has evolved into a full-fledged industry encompassing hundreds of markets and every sector of human activity.Through crises and the chaos of hostile regulations, blockchain technologies are being adopted by an ever-increasing number of companies and individual developers, who are expressing and proving their genuine interest in this technology.Dapps and various applications are being born every day to offer users a broad range of services from choosing the music and playing games to solving household tasks and optimizing the workflows of entire corporations and logistics chains. The true applications of blockchain technologies are only now coming to light as the industry has gained a more civilized character and the potential of real-life use cases have started shining through the fog of speculations.But despite the development of blockchain technologies as a whole, the cornerstone of the entire concept of decentralization rests on the principles of infrastructure development and platform availability. Just as any vehicle requires a chassis that can be later used for any variety of superstructures, so too blockchain requires a platform.This is where the fundamental aspect of blockchain and its greatest weakness emerges in the image of a lack of sufficient grounds for building Apps and Dapps with enough reach and scope to develop their full potential.Industry VectorThe infrastructure needed for the development of the blockchain industry is being slowly developed. Slowly, because the realization of the need for the infrastructure came after the inception of the technology itself and long after the full potential of the technology’s applications had been evaluated.It has become clear that such a massively applicable technology as blockchain with its computational and programming requirements is in need of a comprehensive and user-friendly base that would allow developers, companies, businesses and average users to adhere to the principles of decentralization by having access to the toolkit necessary for building applications and decentralized applications.There are a number of platforms available at the moment that strives to cater to the needs of Dapps developers. IOST is one example of a project that seeks to develop an ultra-high TPS blockchain infrastructure to meet the security and scalability needs of the decentralized economy. Tron is not far behind as one of the largest blockchain-based operating systems in the world with high throughput and the scalability to match. Next up is EOS – a blockchain protocol that emulates most of the attributes of a real computer, including hardware.Impressive as they are with their characteristics and technical capabilities, the aforementioned platforms do not solve any global problems and do not strive to reveal the full potential of blockchain technologies. With no unleashing of the full potential of technology, there can be no talk of its adoption.The statistics speak much louder than any words as the market has already weeded out the seeds from the chaff. A vast majority of projects aimed at ethereal aims and unclear goals have gone extinct, leaving behind clear signs of which types of projects will stand a chance at surviving. The statistics have clearly shown that gambling Dapps are starting to take up a large portion of the market, though it is just as clear that most of them have no activity or users backing them up.The growth of new users in the blockchain industry was mainly driven by gambling Dapps — which brought nearly 350,000 users to the Dapp ecosystem. The increases of new users in games and exchanges were neck to neck, both sectors attracted around 90,000 new users in Q1.The volume distribution on the Ethereum blockchain has not changed much from 2018, with DEXs contributing more than 50% of the volume, followed by gambling Dapps. An interesting data here, the Ethereum gamers were the most active ones among all Dapp users. More than 40% of the daily active Dapp users were gamers but those people were only 30% of the total active users in Q1. The Ethereum-based games have already created a stable community with a group of a loyal audience. As clearly stated in a report by Hackernoon.Make WayWith high demand comes to supply and the blockchain market is no different. With the rise of demand in infrastructure solutions, teams of developers have started working on creating the necessary supply. Credits is a new blockchain platform for creating daps and services that have risen to heed the call of Dapps developers and users seeking firm foundations for ushering forth the adoption of blockchain technologies through real use applications.Credits is an open-source and decentralized blockchain platform designed for the development and execution of smart contracts and decentralized applications with unprecedented ease of use and high-tech characteristics. The advanced project offers public and private solutions suitable for B2C and B2B markets, which allows for eliminating the problems of trust and uncertainty that have plagued virtually all sectors of the economy since time immemorial.The main value of the Credits platform resides in that it actually solves the blockchain trilemma of scalability, decentralization, and security. The key advantages of the technology that Credits offers in contrast to analogous solutions are high network capacities of up to 1 million transactions per second with transaction processing time hovering around 0.1 seconds and low fees starting from 0.001 USD per transaction.These features allow the project to serve as a mediator between users and businesses, thus creating a bridge to close the gap that has been hindering the adoption of blockchain technology around the world. Different solutions can be implemented by means of the Credits protocol ranging from corporate sector services to gambling Dapps, or any other application aiming to cater to various economic sectors.With the evolution of the market and a complete shift in the paradigm of blockchain technologies’ interpretation and implementation in the world, the Credits team has decided to take on a new path in the further development of the platform. Since the beginning of 2019, the Credits platform has entered into partnerships with over 30 companies acting as systems integrators. The companies will be responsible for creating Dapps and services that will solve the problems of their end customers.Credits already has partnerships with large companies, such as Lenovo New Vision. As part of the partnership, Credits will utilize their blockchain expertise to help facilitate the development of software applications for the combination of the Internet of Things and AI/AR with possible expansion into Fintech and Logistics. On their part, Lenovo New Vision Technology will be incorporating the Credits blockchain to streamline the company’s internal operations and management procedures.Credits has also partnered with IBM in automating processes, increasing productivity and improving customer service in the Internet of Things sector. The business model developed by Credits involves the use of the IBM Watson infrastructure, IBM clouds, and the Credits blockchain platform for tapping industries and market segments, where high-quality data collection from sensors and gateways is vital for transactions between market participants.This model opens immense prospects, which allow transforming the modern world by proving the value of the combination of IoT and blockchain for business with their subsequent mass adoption.Last but not least, the Credits team is actively starting to connect blockchain projects to their ecosystem for further scaling and development of the infrastructure. Two of the most recent large-scale projects to join the Credits platform are Quarkchain, a growth company that provides a secure blockchain solution for various types of projects, and Chainlink, a decentralized oracle network that enables smart contracts to securely access off-chain data feeds, web APIs, and traditional bank payments.Moving In The Right DirectionThe blockchain industry is an organic and rapidly developing sector of the global economy that is just as unpredictable as it is brimming with potential. The vector of development that the Credits platform has chosen proves that the company is focused on the real use of blockchain in various business sectors and is aimed at the widespread adoption of the technology.Decentralization Taking Shape On a New Platform For Dapps and Services
Coinspeaker Netflix (NFLX) Stock Drops 10% as Earnings Report Shows Huge Decline in SubscribersIn recent news, Netflix Inc. (NFLX) stock price saw a plunge of 10% as the company’s expectations of new subscribers didn’t meet the predictions. In the second quarter of 2019, Netflix reported the addition of just 2.7 million paid subscriptions. That is almost a half less what the Wall-Street and the company itself predicted. They were looking for 5.3 million new subscriptions with 350,000 on domestic grounds and 4.8 million internationally.Netflix sent out a letter to all shareholders explaining that pricing increase began rolling out earlier this year, but they consider that this is not the main factor which drove the stock price decline:“We don’t believe competition was a factor since there wasn’t a material change in the competitive landscape during Q2, and competitive intensity and our penetration is varied across regions (while our over-forecast was in every region). Rather, we think Q2’s content slate drove less growth in paid net adds than we anticipated.”Earlier, during an earnings video-call, the company’s CEO Reed Hastings said that there is no single factor which could lead to the decline in subscribers. Hastings along with Spencer Neumann, Netflix CFO, acknowledged that the pricing increase, the quarterly content slate, and seasonality all were the factors for the downfall.This was the largest loss in subscriptions that Netflix has seen since the second quarter of 2016 when they lost 126,000 domestic paid subscribers compared to an expected gain of 310,000. Additionally, Netflix has 151.7 million global subscribers at the moment.Disney is Among The Biggest Threats to NetflixWhile Netflix owners say that the rising competition is not the main factor for this price downfall, many experts think differently. One of the main reasons being that Disney is planning to enter the video-streaming industry with its new platform Disney+, which is about to be released on November 12 in North America. It is rumored that the new service will be filled with many of Disney’s most popular content including multiple shows from Marvel Studios with their superhero sequels and Star Wars franchise.While the content might not be the main part of the attraction, the price definitely is. Disney has disclosed that the price for its streaming services will be $6.99/month which is half the price what Netflix charges. Judging by Disney’s estimates, the new service could bring in around 60 to 90 million subscribers by 2024.Moreover, Disney isn’t the only competitor for Netflix as it might seem. Apple, NBCUniversal, and AT&T’s WarnerMedia, all will announce new services during 2020.WarnerMedia has disclosed that they will most likely “hit the market with 10,000 hours of premium content” on their streaming service HBO Max. This “premium content” might include “The Fresh Prince Of Bel-Air”, “Pretty Little Liars”, and possibly “Friends” as well. However, the price of this service hasn’t yet been discussed.Up until now, “Friends” has been one of the number one shows that subscribers watched on Netflix. But recently Netflix removed the world’s most-watched TV series and is expected to remove “The Office” as well.While this industry is soon to expect a massive increase in competition, some believe that nevertheless, Netflix has a huge head start when comparing to others. Netflix is known to be making lots of original content for their subscribers such as “Stranger Things” which recently premiered the third season. It attracted around 26.4 million unique viewers in the first four days.Netflix (NFLX) Stock Drops 10% as Earnings Report Shows Huge Decline in Subscribers
Coinspeaker NEO and Ontology Partnership: Transparent and Secure Cross-chain Protocol for Internet UsersThe announcement of the NEO – Ontology Blockchain solution for the Internet of the future was made public earlier today in a metropolis meeting. Although both companies enjoy certain similarities with regards to nativity and niche, they, however, have their distinct features that would be pertinent towards the establishment of a transparent and secure cross-chain protocol for the Internet of the future.We are excited to announce that Ontology and @NEO_Blockchain are to build an open cross-chain platform and establish the foundation for the next-generation Internet! Read our Medium article to find out more: https://t.co/XXdxQi4pZ2 #WhenWeConnectMagicHappens $ONT $ONG— Ontology (@OntologyNetwork) July 18, 2019The partnership marks a major breakthrough as blockchain serves to be the next best thing after the Internet. Subsequently, the development of such a project that takes into consideration the most neoteric and decentralized mechanisms – the Internet and blockchain, has as of recently been highly anticipated.And as renowned fintech companies – Ontology and NEO, come together to see to the creation of this platform, the association would in-turn foster accelerated industry growth by leveraging parties’ strengths in a bid to birth an efficient and inclusive interoperability protocol for the Internet.On that note, both parties would provide their individual platform functionalities along with a restructured and strategic approach to ensure a fully compatible and interoperable decorum. Obviously, NEO would concentrate on the development of protocols and components that would support a full spectrum of digital assets. While Ontology focuses on the design of long-lasting and decentralized identity frameworks.Elaborating on the affiliated project, the CEO and Founder of both the Onchain and NEO blockchain corporations added:“This partnership represents the next step for not only NEO and Ontology but also the future of the blockchain industry as we pioneer a collaborative approach to solving tough problems. By building the foundation for a global cross-chain platform, we look forward to delivering real-life solutions and uses for blockchain by surmounting challenges and issues together.As we enter our next development phase, we hope to further accelerate industry growth by synergizing our strengths as China’s top two blockchain projects while also encouraging more projects and companies to join us in building the foundation for the next-gen Internet.”Li Jun, Founder of Ontology also noted:“By building an open and global cross-chain system, NEO and Ontology will promote cross-chain value exchange as well as business collaboration to establish the foundational infrastructure for the next-gen Internet. By continuously bolstering our technology and community, we aim to accelerate the development of blockchain applications for various industries to deliver diverse real-use cases.”With the advancement of this partnership agreement, both parties involved are pioneering a disruptive effort towards realizing a next-generation Internet of the future as part of a long term goal to bring about a decentralized smart economy onto an already existing decentralized platform as the Internet.NEO and Ontology Partnership: Transparent and Secure Cross-chain Protocol for Internet Users