Decent launches content blockchain platform

Blockchain technology will be used in content distributing
27 June 2017   950

Distributed database that is used to maintain a continuously growing list of records, called blocks

Decent announce the "digital revolution" and the date of the Blockchain-based digital content distribution platform launch. 

Decent wants to use blockchain technology to make the online media publishing space more effective, convenient and safe. The platform is planed to offer content creators best conditions. 

The team believes that using the blockchain technology will free a giant part of global media content distributing industry costs. Using this technology, artists and content creators will have more control over their content and it's profit. Need for all "middlemen" will be eliminated.

Additionally, Decent will use encryption system in order to guarantee network security. 

According to the mass media, Matej Michalko, founder and CEO of Decent, said that the launch of Decent Network will bring freedom into the world of content distribution.

He also added that an open-sourced blockchain platform with its decentralization will provide the highest levels of trust and security.  

Prototype of the platfrom was presented in January 2016. Developers mananged to raise 5881 BTC at the September's ICO. Today it's only 4 days left for platform's full start.

There were two test released a while ago. Testnet #1 “Caesar” launched in March and Testnet #2 “Alberti” in May 2017. Testers were able to to refine and polish the Decent's network. Company relies on its customers, those people who had contributed a lot to bring Decent network to the release. 

Decent network will provide instant payments from the consumer to content owner. Also, company promised that is just a start and they have many ideas.

Coinbase to Issue New Statement

As reported, company says it was wrong about SEC approval of acquisitions of Keystone Capital Corp., Venovate Marketplace Inc. and Digital Wealth LLC
18 July 2018   15

Vice President of Communications of Coinbase Rachel Horwitz denied the information that the company received approval from the Securities and Exchange Commission of the United States for a deal to buy brokerage companies. This is reported by Bloomberg.

It is not correct to say that the SEC and FINRA approved Coinbase’s purchase of Keystone because SEC was not involved in the approval process. The SEC’s approval is not required for the change of control application. Coinbase has discussed aspects of its proposed operations, including the acquisition of the Keystone Entity, on an informal basis with several members of SEC staff.

Rachel Horwitz

Vice President of Communications, Coinbase

On Monday, a spokesman for Coinbase said that the company received permission from the SEC and the Agency for Regulation of Financial Institutions (FINRA) to purchase Keystone Capital Corp., Venovate Marketplace Inc. and Digital Wealth LLC.

However, despite the refutation from Rachel Horwitz, Coinbase still intends to obtain a license to carry out brokerage activities.