Day: September 21, 2018

Bancor Bent on Cross-Chain Liquidity With Expansion to EOS Blockchain

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In a bid to extend the reach of its services, Bancor is opening up shop on another blockchain. The decentralized exchange protocol is expanding to EOS, a Bancor blog post reveals. Speaking to Bitcoin Magazine, Bancor’s Director of Communications Nate Hindman said the protocol will still allow users to trade Ethereum tokens, while its newest iteration, BancorX, will introduce this functionality to Ethereum’s rival, as well. “Bancor is not ‘switching’ to EOS. Bancor will continue to support and advance its protocol and liquidity network on the Ethereum blockchain. With the…

What Do We Know About Japan’s Latest Hack

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This week, yet another major hack occurred in Japan: Hackers stole around $59 million worth of cryptocurrencies from local cryptocurrency exchange Zaif. It took several days for the platform to notice the breach, and now it has fallen under the tight scrutiny of the country’s regulator. The company that owns Zaif has already agreed to sell its majority stake to cover the losses. Zaif was already under the FSA’s scope Zaif was founded in May 2014 by Osaka-based startup Tech Bureau Inc. It is one of the 16 crypto exchanges…

Bitcoin, Ether, and XRP Weekly Market Update: September 21, 2018

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BTC closed the day with a solid gain of more than $160 on September 13, touching the $6,500 level. Traders pushed the price even higher on September 14, but the biggest cryptocurrency could not keep the momentum and closed below the $6,500 mark (at $6,480). Trading volume was above $5 billion during the last two days of the workweek. BTC-USD Reports circulated that after Citigroup, another U.S. bank, Morgan Stanley, is looking to offer bitcoin trading for its clients. Investors will be able to buy or sell BTC using a…

Petro to Be Used for International Exchange Starting in October, Maduro Claims

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Venezuela’s oil-backed cryptocurrency, the Petro, will be used for international commercial transactions starting in October 2018, according to a September 21 statement made by Nicolas Maduro. The Venezuelan president appeared on the national VTV channel to deliver his speech on the latest economic issues. As cited by the VTV website, he then announced the upcoming use of Petro on an international level, stating: “Petro comes into play as a currency for exchange, purchase and convertible currencies for the world.” However, the Venezuelan leader did not specify the areas where the…

Ripple Passes Ethereum to Claim Number Two Ranking on CoinMarketCap

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Altcoin Ripple (XRP), which has seen an explosive amount of growth over the past week, has overtaken Ethereum (ETH) to be ranked number two by total market capitalization on CoinMarketCap. As of press time, Ripple has a listed market cap of around $26 billion, while Ethereum — now in third on CoinMarketCap — has around $23 billion in market cap. Bitcoin (BTC) is still ranked number one, with a market cap of around $115 billion. Ripple has seen unprecedented 140 percent growth on the week, up almost 80 percent on…

Circle’s Poloniex Overtakes Bittrex, 190% Increase in Crypto Volume

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Poloniex, one of the oldest crypto exchanges in the global market, has become a major digital asset trading platform once again after years of stagnation. Until 2015, Poloniex was one of the largest crypto exchanges alongside Coinbase. It was the go-to exchange for traders investing in smaller trading pairs like tokens and alternative cryptocurrencies. But, controversy around the legitimacy of the exchange and the operating team of Poloniex led the platform lose out in tight competition, falling behind Bittrex, Bitfinex, Binance, OKEx, Huobi, HitBTC, and many other major cryptocurrency exchanges.…

‘Bitcoin Is No Different Than Money Systems Today, Except That It May Be Better’

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This interview has been edited and condensed. Known in mainstream media as a young “Bitcoin millionaire,” within the crypto and blockchain industry, Jeremy Gardner is a known more for what he does than how much he makes. As a serial blockchain entrepreneur, educator and investor, Gardner has founded the global educational nonprofit the Blockchain Education Network and co-founded the blockchain-based prediction platform Augur. Most recently, he launched his own impact investing fund called Ausum Ventures. Breaking down mass adoption Olivia Capozzalo: Can you walk me through what mass adoption is…

Ripple (XRP) ‘Flippens’ Ethereum, Becomes 2nd-Largest Cryptocurrency

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A “Flippening” has once again arrived in the cryptocurrency markets, but — much to the chagrin of ethereum investors — it’s not the one that ETH holders have long anticipated. Bolstered by a seemingly-parabolic rally not seen since January, ripple (XRP) has managed to unseat ethereum as the second-largest cryptocurrency by market cap. Source: CoinMarketCap According to CoinMarketCap, XRP currently has a total valuation of $23.9 billion, placing it more than $400 million ahead of ethereum. The ripple price has risen an astounding 64 percent in the past day, capping…

Bitcoin Core Upgrade ‘Critical’ for Everyone, Urge Developers in Bug Disclosure

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Bitcoin Core developers published a “full disclosure” of the vulnerability affecting several implementations of the Bitcoin (BTC) client Friday, September 21, repeating calls for all nodes to upgrade to the latest version as a priority. In addition to technical details about the bug, known as CVE-2018-17144, the disclosure explains how developers dealt with the threat to the Bitcoin network, along with a timeline of its discovery and patching in Bitcoin Core version 0.16.3. “In order to encourage rapid upgrades, the decision was made to immediately patch and disclose the less…

Alibaba’s Ant Financial to Launch Blockchain Backend-as-a-Service Platform

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Ant Financial, the financial affiliate of Chinese e-commerce giant Alibaba, is launching a blockchain BaaS (Backend-as-a-Service) platform, local news outlet China Money Network reports September 21. The announcement was reportedly made by Ant Financial vice president Jiang Guoefei at the Ant Technology Exploration Conference (ATEC) in Hangzhou yesterday. The new BaaS platform is being launched in tandem with an enterprise-focused “ant blockchain partner program” that will reportedly enable small- and medium-scale businesses to implement and innovate new blockchain solutions. The announcement aligns with what Gueofei characterized as a move to…