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Betting on Augur: 61 percent say Trump out of White House, Democrats In

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Betting volumes on Augur neared $1million as cryptonetizans voted Trump’s party out of the White House and gave Democrats a 61% chance to win.

Betting volumes on Augur neared $1million as cryptonetizans voted Trump’s party out of the White House and gave Democrats a 61% chance to win the 2018 midterm elections in the US.

Augur is a decentralized betting platform, running on Ethereum and was launched in July. The timing of Augur appears to be right since there has been an unprecedented number of cryptoworld users biding on the platform and giving voice to their expectations on mid-term elections. Betting volumes on Monday reached $843,759.97.

The betting results on Augur were: 61% bet that Democrats would win; 36% bet Republicans will sweep the White House while almost no-one expects it to be a tie.

With the elections to be completed on Tuesday, the results shall vindicate crypto voters stand.

 

Candidates from Cryptoworld

Though Trump will not be a direct candidate, the future of his presidency will be shaped by the results of the mid-term poll.

The line-up thus far has 35 senators for the Congress, 435 House of Representatives and 36 governors of States and legislative officials for local offices by the dozens.

With the Republican Party holding control over both the Houses of the Congress thus far, the results of the midterm elections will change the course of Trump’s Presidency.

The return of Democrats to the Senate or the House would end Trump’s final years on a limpid note.

Analysts are, on the other hand, expecting a mixed bag. Many of the seats now held by the Republicans are expected to change hands.

The issue is that for the Democrats all of their seats will go to the polls. Whereas for the Republicans only 9 seats will go to the polls, in the Senate and Democrats have 24 seats at stake. Only two seats are independent members, and these will also be up for elections.

Thus Augur’s predictive betting offers cryptonetizans an opportunity to present their opinions on a public platform to express their political thinking.  

Augur is a dApp and can, therefore, be opened directly on the browser.

 

Augur REP rises

In the meanwhile Augur (REP) token rose by about 7.35% on Saturday.  The REP buys were typically on Binance and did come up against BTC.

The upgrade to v.2 was announced earlier in October and is likely to be completed by the end of the year. There is no date of scheduled for its completion.

Thus far, the focus has been on the betting or prediction market platform.

Augur has been trending user volumes for two key betting markets – the US midterm elections and the price that Ethereum will eventually reach.  

While elections betting volumes are around the $1million benchmark, there are very low volumes in the market voting that Ethereum will eventually achieve prices of $500 by close of 2018.

There have been some Ux issues with Augur’s betting market presence as well because it is technically different from the more popular platforms like Brave browser as well as Steemit which also offer such marketplaces. The upgrade is expected to address the user experience aspects. Interestingly there are many candidates in the fray who are cryptonetizans as well.

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Forbes releases top 50 blockchain companies list

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Forbes has released top 50 blockchain companies using blockchain technology list and these are almost all household names of the world's largest companies.

Forbes has released a new top 50 blockchain companies using blockchain technology list and these are almost all household names of the world’s largest companies. In fact, they are all billion dollar plus companies such as Amazon, Citi Group, Foxconn, Comcast and a whole host of others and unsurprisingly the bulk majority of these companies are using Ethereum.

 

Although, outside of Ethereum which is, of course, the number 1 blockchain for these companies, we do see others like Hyperledger and Quorum for example, although much rarer on the list in terms of mentions are blockchains such as Stellar Lumens or Cardano. Blockchains such as TRON, EOS, NEM, and others are not mentioned in the list of top 50 companies.

 

Companies choosing Ethereum according to Forbes:

Big businesses really like what Ethereum is doing. Ethereum has also worked very hard to make these relationships happen over the last few years and those relationships are now paying dividends big time.

 

All the top 10 companies are located in China or the United States.

The Top 10 (Forbes List):

10. Ping An Insurance Company: China

9. Bank of China: China

8. Apple: United States

7. Wells Fargo & Company: United States

6. Bank of America: United States

5. Agricultural Bank of China: China

4. Berkshire Hathaway Inc: United States

3. JPMorgan Chase & Co: United States

2. China Construction Bank Corporation: China

1. Industrial and Commercial Bank of China: China

 

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JPMorgan expanding itself into the blockchain and crypto space

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JPMorgan Chase has been posting a lot of job opportunities in the blockchain and cryptocurrency industry on Indeed.com, the job listing portal.

JPMorgan Chase, the American multinational investment bank and financial services company has been posting a lot of job opportunities in the blockchain and cryptocurrency industry on Indeed.com, a job listing site. According to the data from Indeed.com, the overall job openings for the cryptocurrency industry also seems to be on a rise.

 

JPMorgan Entering the Cryptocurrency Space:

Though the CEO of JPMorgan, Jamie Dimon has always been a strong opponent of Bitcoin and other cryptocurrencies, his company has been interestingly expanding its operations in the field of blockchain and cryptocurrency.

 

Last month, JPMorgan launched its own cryptocurrency known as the JPM Coin, which will serve the bank’s precious customers in order to make transactions between them more swift and steady.

 

Back in 2018, JPMorgan had launched a blockchain powered platform known as Quorum which might be seen quite homogeneous to bitcoin and ethereum, however, it is almost fully centralized in nature.

 

Large companies entering the Blockchain Space:

In recent times, a lot of huge companies worldwide have been entering into the blockchain and cryptocurrency space. According to a recent publication by the Forbes, large organizations such as IBM, Deloitte, Cisco, Microsoft, Consensus, and others have been curiously hiring employees that are experts in the field of blockchain technology.

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Adoption: Courts in France adopt blockchain technology

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The NCC or National Council of Clerks of France have finally tested a blockchain technology-based solution for the courts of the country.

The NCC or National Council of Clerks of France recently made an announcement that they have finally tested a blockchain technology-based solution for the courts and are now prepared to launch it throughout France. The National Council of Clerks is a representation of the clerks of the corporate and commercial registry in around a hundred thirty-hour workplaces in France. The workplaces depend upon one another for sharing important data.

 

The goal of NCC France

The NCC is determined to streamline and position the latest information technology that capitulates something that is known as ‘the single version of the truth’. The data tracks an organization’s growth, dissolution, change of location etc. The sharing of data amongst each other was earlier a big challenge for the NCC.

 

The project based on blockchain technology had an aim of rapid cycle times and precision of information. In the pilot phase of the project, the National Council of Clerks in France was able to lessen the timing of registry operation involving a lot of days to just one day.

 

According to the president of France National Council of Clerks, Sophie Jonval, the project based on blockchain technology is an outcome of the partnership with IBM. IBM who is already an expert in blockchain technology and cryptography has been serving as a technological partner.

 

According to the NCC, the project shall be rolled out in the 1st half of 2019 and the project shall ensure a transparent and improved dynamics of the interactions between the clerks.

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