June 3, 2020

‘Love and Hip Hop’ Star Trina Proved She’s a Bigot – But Why Are You Surprised?

June 3, 2020 boss

“Love and Hip Hop” star Trina made some inexcusably bigoted remarks about racial discrimination. She subsequently got “canceled” for her trouble. But she’s not the only celebrity whose concern for black Americans is performative, at best. A “Love and Hip Hop” star has just been canceled. Rapper Trina — best known for her work with Lil’Wayne, and for her moniker of “Baddest B*tch” — went on a tirade on Trick Daddy’s radio show, calling Miami protesters “animals.” It took literally no time at all for the internet to “cancel” Trina.…

Crypto.com Receives Privacy-Related ISO Certification

June 3, 2020 boss

Cryptocurrency payment platform, Crypto.com, announced on June 2 that it is one of the first fintech companies to receive ISO/IEC 27701:2019 privacy certification, following a number of third-party audits. According to the announcement, the “Gold standard” certification aims to strengthen the company’s strategy — “Defense in Depth”. It outlines policy implementation guidelines for data protection with regard to personally identifiable information, or PII, within the organization. The certification was granted by SGS, a leading inspection verification and certification firm that has over 2,600 offices worldwide. Strengthening the company’s risk and…

China Plans to Incorporate Blockchain in Attempt for Hainan to Overtake Hong Kong on International Trade

June 3, 2020 boss

The Chinese government is planning to make the province of Hainan into a free trade port, focusing on facilitating free trade, investment, and cross-border capital flows. The plan encourages government institutions to use blockchain and other emerging technologies to improve government functions. Chinese President Xi Jinping has previously announced the decision to develop the island of Hainan into a pilot free trade zone in April 2018. With this decision Xi said that it shows the country’s determination to liberalization and globalization while welcoming global investors. The…

Millennials Are About to Find Out They Made a Horrible Bet on Airline Stocks

June 3, 2020 boss

Retail investors aggressively bought airline stocks in May. Data from Germany and Indonesia show the world’s largest airline firms are recording billions of dollars in losses. As airlines face the risk of a permanent loss of clients, the appeal of airline stocks is questionable. Millennials have been scooping up airline stocks that Warren Buffett famously dumped. But new data suggest they are about to regret that decision. Buffett invests in stocks with a long-term investment thesis. When he realized airlines might never be the same in a post-pandemic world, he…

Miners Are Selling More of Their Bitcoin. That May Actually Be Bullish

June 3, 2020 boss

Despite Tuesday’s sudden price decline, miner flows suggest the bitcoin market remains strong. The biggest cryptocurrency by market value fell 8% from $10,137 to $9,298 in less than 5 minutes during Tuesday’s U.S. trading hours, dashing hopes for a continued upward move. The price drop, however, has not deterred miners from running down their inventory. According to data source ByteTree, miners have sold 920 BTC and generated 844 BTC in the past 24 hours, pushing their inventory down by 76 BTC and keeping the miner’s rolling inventory (MRI) figure above…

DeversiFi 2.0 DEx Integrates Starkware to Enable 9K+ Trades Per Second

June 3, 2020 boss

The DeversiFi decentralized exchange, or DEX, relaunched as DeversiFi 2.0 on June 3, incorporating Starkware’s zkSTARK layer-2 scaling technology. This new platform will be able to process over 9,000 transactions per second, while maintaining privacy, liquidity and low fees in a non-custodial solution. Zero Knowledge Proof Batch Validation Starkware’s layer-2 solution utilizes Zero Knowledge Proof, or ZKP, technology to bring scalability to non-custodial trading. It achieves this by processing trades in batches and then submitting a single proof for each batch. This consumes a small fraction of the Ethereum blockchain…

Blockchain Bites: Avanti’s Angel Round, Civil’s Closure and a Data Breach

June 3, 2020 boss

Data BreachCoincheck has fallen victim to a data breach after attackers accessed one of its domain name accounts and used it to impersonate the cryptocurrency exchange. The Japanese firm said Tuesday that an unknown third party gained access to an account it held with domain registration service Onamae.com. An incident notice suggested the attackers then used its .jp domain account to send “fraudulent” emails to customers. Hard ForkEthereum Classic completed its “Phoenix” hard fork making the network fully compatible with Ethereum. The hard fork represents a major departure for Ethereum Classic, which is sticking…