June 8, 2020

Celo Will Be ‘PayPal on Speed’ With Its Own Currencies, Says Blockdaemon CEO

June 8, 2020 boss

Since launching its Alliance for Prosperity earlier this year, open payment platform Celo has quickly emerged as an apparent rival to Facebook’s Libra stablecoin project. Cryptox spoke to Konstantin Richter, the CEO and founder of Celo alliance member Blockdaemon, to learn about the experience of working on Celo from its beginnings and get his take on what the Celo ecosystem will look like in the near future. Blockdaemon launched in 2017, comprising a blockchain infrastructure and node provider targeting developers and enterprises. While Richter noted that the 2018 bear trend…

Celo Will Be ‘PayPal on Speed’ With Its Own Currencies, Says Blockdaemon CEO

June 8, 2020 boss

Since launching its Alliance for Prosperity earlier this year, open payment platform Celo has quickly emerged as an apparent rival to Facebook’s Libra stablecoin project. Cointelegraph spoke to Konstantin Richter, the CEO and founder of Celo alliance member Blockdaemon, to learn about the experience of working on Celo from its beginnings and get his take on what the Celo ecosystem will look like in the near future. Blockdaemon launched in 2017, comprising a blockchain infrastructure and node provider targeting developers and enterprises. While Richter noted that the 2018 bear trend…

Lisk, aelf, Chainlink Top GitHub Activity Chart Surpassing Bitcoin, Ethereum, EOS

June 8, 2020 boss

Open source projects depend on the public for source code improvement and maintenance. Since there is no consensus on digital asset valuation, the number of commits submitted to GitHub can be used to gauge ecosystem activity. Lisk, aelf, and Chainlink, respectively, are now the top three most active projects ranked by the number of submitted commits over the last 12 months according to data provided by CryptoMiso, June 8, 2020. Lisk Tops the Github Developer Activity Chart CryptoMiso ranks blockchain projects according to their developer activity. Herein, “activity” is defined…

Central Bank of Saudi Arabia Transfers Funds to Local Banks Over Blockchain

June 8, 2020 boss

The Saudi Arabian Monetary Authority (SAMA), the country’s central bank, announced that it used blockchain technology to deposit funds to local banks. An official statement published by SAMA said that the funds were a part of the bank’s initiative to enhance its “capabilities to continue its role in providing credit facilities.” The bank did not specify the exact amount of the fund transfer. SAMA’s involvement with blockchain technology The Middle East is seeing widespread adoption of blockchain technology in the finance sector. SAMA has performed enormously in terms of using…

Pentagon War Game Envisioned a Generation-Z Rebellion Funded by Bitcoin

June 8, 2020 boss

The world has been hit by cyberattacks from a shadowy organization, “Zbellion,” that funds itself through stealing fiat currencies from “the establishment” and converting it into bitcoin. Don’t panic, though. That scenario is the premise for a war game from the U.S. military, designed in 2018 to prepare troops for future conflicts fought on computers rather than out on the field. Reported by The Intercept, following a Freedom of Information request to the Pentagon, the headquarters of the Department of Defense, the 200-page document shows what the higher echelons of…

Tron Cryptocurrency Paints Golden Cross as Founder Announces Tron 4.0

June 8, 2020 boss

Tron’s TRX cryptocurrency was among the biggest gainers in the last 24 hours, rising by more than 5 percent. The upside move appeared as Justin Sun, the founder of Tron, announced a protocol upgrade that would introduce privacy features to its smart contracts. TRX’s rise also coincided with a bullish technical indicator known as “Golden Cross.” Tron’s native cryptocurrency rose by more than 5 percent on a 24-hour adjusted timeframe, supported by a combo of bullish technicals and fundamentals. Tron 4.0 The TRX/USD exchange rate hit $0.0186 on Monday, its…

CoinMarketCap Users Are Calling Out the Latest Exchange Rankings

June 8, 2020 boss

Following the latest CoinMarketCap update which introduced the “Confidence factor” to rank exchanges, users are taking issues at perceived injustices against popular platforms. A pseudonymous Twitter user going by the name of Cosmonaut called out CoinMarketCap for placing BitMEX, one of the most popular derivatives exchanges, all the way down at the 175th spot. Such a low position would seem uncharacteristic within CoinMarketCap’s new rankings, where web traffic is one of the primary factors. This update comes after a period of several weeks where exchanges were ranked exclusively by web…

Hong Kong Fintechs Embrace Blockchain and DLT

June 8, 2020 boss

Blockchain firms make up nearly 40% of all new Hong Kong financial technology (fintech) companies launched in 2019. Nearly 40% of new fintech firms to launch in Hong Kong over the past year are operating in the blockchain sector. According to Hong Kong’s Financial Services and Treasury Bureau (FSTB), 39% of new fintech firms, established in 2019 within the HKSAR, are operating with blockchain or some form of distributed ledger technology (DLT). Hong Kong’s treasury department reports that the increase of DLT and blockchain in the country’s new fintech firms…