February 20, 2020

BCH Funding Debate: Developers Plan to Launch IFP-Free Version of Bitcoin ABC

February 20, 2020 boss

On February 19, a group of well known software developers announced the launch of a new Bitcoin Cash full node with the Infrastructure Funding Plan (IFP) removed from the codebase. The news was announced on the read.cash platform by the developer Freetrader who told the public that strong demand from businesses, miners, mining pools, and developers invoked the team to create a “minimally-altered client based on Bitcoin ABC.” Also Read: BCH Funding Debate: Btc.top Founder Suggests 2/3 Hash Vote and 6-Month Evaluation Developers Announce a Bitcoin ABC Node Is in…

The Latest Cryptography Advances Set to Change Blockchain

February 20, 2020 boss

Cryptocurrencies could not exist without cryptography. Advances in this field can have far-reaching impacts on blockchain technology and its potential. We will examine the opinions of industry experts on the latest cryptographic advances and their potential for cryptocurrencies. Zero knowledge proofs: more than just privacy Director of research at blockchain firm Blockstream and mathematician Andrew Poelstra told Cointelegraph that zero-knowledge proof (ZK-Proof) systems are “one of the most exciting areas of development” in the cryptography space. This kind of cryptography is known and appreciated for being the basis of privacy-preserving…

Nobody’s a Winner in $33 Million LeBron James Lawsuit

February 20, 2020 boss

LeBron James famously said, “I’m more than an athlete” after a Fox News host told him to “shut up and dribble.” Game Plan, a Maryland-based non-profit, claims that LeBron stole their slogan after seeing members of their group wearing it on their shirts at a Cavaliers vs. Wizards game in 2017. Uninterrupted – LeBron’s company – says the complaint is “meritless.” Los Angeles Lakers superstar LeBron James is never far from the headlines. Whether he’s registering triple-doubles or paying for hundreds of kids to go to college, he’s nothing if…

Nobody’s a Winner in $33 Million LeBron James Lawsuit

February 20, 2020 boss

United Nations Is Among New Entrants in Forbes’ 2nd Blockchain 50 List

February 20, 2020 boss

Newly released Blockchain 50 list by major finance publication Forbes features some new entrants like major international association, the United Nations. Shortly after including six blockchain-focused firms into its Fintech 50 list last week, Forbes has released another compilation of 50 global enterprises actively embracing blockchain technology. Newcomers include the United Nations, China Construction Bank, Square and others Published on Feb. 19, the new Forbes’ Blockchain 50 list is the second release of its annual Blockchain 50, which was first introduced in April 2019. Similarly to last year’s edition, the…

Users Pay $1M for Digital Land as 2017 ICO Finally Opens Virtual World

February 20, 2020 boss

Almost three years after its ICO, Decentraland has opened its platform — a virtual world in which participants buy and sell fake land, as well as construct buildings. Over the past ten days, Decentraland gamers have purchased over $1 million worth of digital anchorage on the Ethereum-based virtual reality product, Bloomberg said in a Feb. 20 article. Decentralanders use the project’s native crypto asset, MANA, as payment within the game. Users interested in Decentraland Conducting its ICO during the crypto craze of 2017, Decentraland raised over $20 million selling its…

Tax and KYC Issues Plague Upbit’s Foreign Withdrawals, Exchange Says

February 20, 2020 boss

A Jinse report said that many Chinese Upbit users are finding it difficult to withdraw Korean Won ever since December. Upbit has announced to its foreign users the reasons their withdrawals are still restricted on Feb. 19 in an announcement. Upbit said in the announcement that (Know Your Customer) KYC and Korean taxation on cryptocurrency among crypto exchanges are the two main reasons behind the restriction. Long wait for the KYC process Since mid-December in 2019, Upbit has enhanced its KYC process and had turned in all the required documentation…

DeFi Insurance Firm Nexus Mutual Makes Its First Payout Following bZx Attacks

February 20, 2020 boss

Insurance works in crypto so far, though it hasn’t had many big tests yet. Not many people had insurance on assets locked up in bZx’s Fulcrum, but after a bug yielded an exploit of its smart contract, a couple of accounts that did were covered by Nexus Mutual, the London-based crypto insurance company. Nexus Mutual is an insurance company that works like a cooperative (as any company with “mutual” in its name does), so there’s been lingering doubts that its members would actually pay out against valid claims, but after…

Bitcoin Price Fights to Hold $9.5K to Stave Off a Trend Reversal

February 20, 2020 boss

On Feb. 20 Bitcoin (BTC) price surprisingly dropped 8.85%, a move which caught many investors off guard as up to that moment the digital asset had recovered well from the President’s Day weekend correction and was trading sideways in the $10,200 range. Citing data from CoinMetrics, ARK Invest crypto analyst Yassine Elmandjra tweeted that the $1,000 price drop was the fifth largest USD correction to occur on the hourly time frame since 2017. Since the sharp downside move, traders, analysts, and crypto-Twitter have been attempting to pinpoint the source of…

Ethereum-Built Soccer Game Pens Deal With Italian Giants Juventus

February 20, 2020 boss

Sorare, a global fantasy football platform built on the Ethereum blockchain, has inked an exclusive licensing agreement with Italian soccer giants Juventus to launch a digital collectibles range of its star players. Ethereum-Based Fantasy Football Paris-based Sorare provides a soccer management game with digital cards representing players that fans can collect and trade. The cards represent non-fungible tokens (NFTs) based on Ethereum’s ERC-721 standard. For each player, Sorare issues 1 “Unique” card, 10 “Super Rare” cards, and 100 “Rare” cards in a manner similar to FIFA’s Ultimate Team game mode.…