Buz Investors Status Introduces CommitETH The development team behind Status, the leading mobile decentralized web browser for Ethereum, is pleased to introduce CommitETH,

Status Introduces CommitETH: A tool for enabling community driven development models

Extending GitHub to allow for incentivized contributions to open source projects

Buz Investors Status Introduces CommitETH The development team behind Status, the leading mobile decentralized web browser for Ethereum, is pleased to introduce CommitETH,

Buz Investors Status Introduces CommitETH The development team behind Status, the leading mobile decentralized web browser for Ethereum, is pleased to introduce CommitETH, a tool designed to foster open source software development. Our hope is that CommitETH will not only create stronger incentives for developers to get involved with open source projects, but also provide greater utility to app tokens, and provide token holders with direct say in the development direction of projects in the ecosystem.

As the web continues its shift towards decentralized business models powered by blockchains and protocol tokens, CommitETH will play a vital role in the evolution of their governance models and decision-making processes.



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Status Introduces CommitETH

With CommitETH (https://commiteth.com/), holders of ETH, and soon ERC-20 tokens will be able to directly stake their holdings to drive the development of new features, the priority of bug fixes, and the implementation of integrations with other decentralized applications. This will have the impact of maximizing network effects and developer mindshare, expediting the rate of innovation and evolution across the Ethereum network as a whole.

At Status our mission is to make the decentralized web easy to access and interact with for all. The release of CommitETH marks the first step towards a decentralized organizational structure, by establishing a mechanism that will democratize our development, leading to a product created for the community by the community, something far more useful than we could build on our own.

The first release runs on the Ropsten Testnet, and developers and open source communities are encouraged to experiment and provide feedback.

Follow CommitETH

Homepage: https: https://commiteth.com/

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EURUSD The Euro advanced against the US Dollar

EURUSD driven by increasing odds of ECB rate cut

EURUSD driven by increasing odds of ECB rate cut

EUR-USD

  •  EURUSD driven This morning at 09:40 GMT, the EUR is trading at 1.1273 against the USD, 0.09% higher from the New York close.
  • In economic news, Germany’s trade surplus narrowed more-than-estimated in July amid a drop in the nation’s exports. This morning, the pair traded at a high of 1.1285 and a low of 1.1255.
  • The Euro traded 0.43% lower against the US Dollar in the New York session yesterday, with the pair closing the session at 1.1263.  The pair is expected to its find support at 1.1232 and its first resistance at 1.1320.

 EURUSD driven odds for Fed rate hike have dropped and stayed lower over the past week.

EURUSD driven by increasing odds of ECB rate cut

 EURUSD driven  If you’re one for event-driven volatility, yesterday’s ECB meeting was for you. A lack of rate cuts – not surprising – and no changes to the QE program – more surprising, but still not major – were the headline news items. No new dovish ECB action? Bullish Euro, naturally! Yet here we are, with an inverted hammer on our hands in EUR/USD.

The subtleties of ECB President Draghi’s press conference eventually took root in investors minds, and as we suspected heading into the meeting, the ECB is not pleased with the current state of the Euro-Zone economy. Pledging to keep rates lower for longer per usual, President Draghi turned his attention to fiscal authorities, prodding them harder that he usually does. In a sense, the ECB has laid out a unified message the past few weeks (if you recall, at the Jackson Hole Economic Policy Symposium, Benoit Couere issued similar remarks).

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 EURUSD driven

Back in August, Fed chair Janet Yellen said that the case in favor of a rate hike had improved, given stronger US data. Ever since that speech in Jackson Hole, the markets have been fixated on the possibility of a rate hike prior to the end of 2016. However, a spate of weak US numbers in the past week has lowered the likelihood of a move by the Fed. The CME FedWatch Tool is showing slim odds for a September move (18%), while a move in December is more likely (40%). Although the US labor market remains close to capacity, many FOMC members will be reluctant to approve a rate hike based solely on strong employment numbers. Consumer spending remains a concern, but the main sticking point is weak inflation levels, which will likely weaken even further if the Fed raises rates. Barring any spectacular data in the next few weeks, it appears a safe bet that the Fed will leave rates alone in September and revisit the rate issue in December.

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