Month: June 2020

Bitcoin Miners Transferred 2,650 BTC to Bitfinex Before Dump

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In summary: In the last 24 hours, Bitcoin has fallen from around $9,700 to a local bottom of $9,281. The team at Glassnode observed that June 23rd saw the largest flow of Bitcoin from miners to exchanges in over a year. 2,650 BTC was transferred to Bitfinex during that time.  Bitcoin’s journey to $10,000 has once again hit another detour as the King of Crypto has once again fallen from comfortable levels of $9,700 to a local bottom of $9,281 – Binance rate. Bitcoin (BTC) is once again depending on…

A simple guide to Hyperion Economic Model 2.0

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The new version of Economic Model 2.0 embeds both static and dynamic structure to encourage capable and influential community members and HYN holders to lead multiple decentralized map communities as node operators as scaling period develops overtime. The new model also integrates the internal and external burning mechanism to boost the ecological development. As the planned life cycle of the Hyperion ecosystem suggests, the ecosystem will gradually transit from a token model-driven growth to a service-driven self-reinforcing growth when the burning completes. This article will guide you through Hyperion economic…

Sia And Quant Network Successfully Test Blockchain Interoperability – Blockchain News, Opinion, TV and Jobs

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A leading pioneer in enterprise blockchain technology Quant Network has successfully tested cross-blockchain interoperability between multiple Distributed Ledger Technology protocols along with European payment services and infrastructures SIA. “The partnership between Quant Network and SIA has been extremely positive and productive from the very start,” said Gilbert Verdian, CEO, Quant Network, “and both companies are confident that this development will play an integral part in building the financial infrastructure of the future globally.” “The achievement of a fully interoperable blockchain network, through our collaboration with Quant Network, is another key element…

Swiss SEBA Bank Launches “Dual Currency Certificate” For Tapping Volatile Bitcoin/USD Trading Market – Blockchain News, Opinion, TV and Jobs

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Switzerland’s SEBA Bank has developed a USD Dual Currency Certificate for BTC/USD, aimed at investors who wish to benefit from the high level of the cryptocurrency’s volatility. This is part of SEBA Bank’s kicking off of a strategic series of recurring structured products on digital assets. The investors’ needs for security with regard to potential issuer risk are addressed through full collateralization of the issuing vehicle and a guarantee from SEBA Bank. Guido Bühler, CEO of SEBA Bank AG, said: “The launch of the Dual Currency Certificate on BTC/USD shows…

Nine Countries That Offer Tax Exemptions for Bitcoin – Blockchain News, Opinion, TV and Jobs

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Bitcoin and blockchain technologies have long been vying for perceived legitimacy the world over. Since its advent in 2009, bitcoin has consistently proven itself as a nearly bottomless well of possibility, from investment opportunity to technological innovation. As some countries put pressure on investors, through taxes or KYC practices, many places throughout the globe are concentrating on implementing more friendly legislation. Hoping to promote better adoption and innovation in the industry.  Beginner and advanced traders alike should take a moment and look up Bitvavo exchange platform, as these nine countries…

Signature Bank Releases Digital Payments Platform ‘Signet’ on the Fireblocks Network – Blockchain News, Opinion, TV and Jobs

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New York-based full-service commercial operation, Signature Bank (Nasdaq: SBNY) have launched and integrated its proprietary, blockchain-based digital payments platform, Signet™, with Fireblocks, an enterprise-grade platform delivering a secure infrastructure for moving, storing and issuing digital assets. “The integration with Fireblocks will offer enhanced services to our clients. With this latest banking technology innovation, Signature Bank remains at the forefront as we advance our Signet product and its capabilities. As the digital needs of our clients continue to evolve and the broader adoption of asset tokenization increases, Signet APIs are yet another…

PayPal And Venmo Rumoured to Start Supporting Direct Cryptocurrency Transactions – Blockchain News, Opinion, TV and Jobs

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Anonymous sources allegedly from or close to Paypal’s cryptocurrency strategy have leaked to the media that Paypal and Venmo are close to integrating cryptocurrency into the world’s top online payment companies. “PayPal’s entry into the market moves bitcoin another step closer to mainstream acceptance. While the first foray is to simply allow the purchase and sale of bitcoin, it sets the groundwork for integration into PayPal’s general suite of payment services. I anticipate that, over time, this will provide what bitcoin desperately needs – some genuine use cases over and…

Understanding the Cybersecurity Risk of Bitcoin

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Are you interested in purchasing Bitcoin? If so, it’s essential to understand the potential security risks surrounding it. With cybercriminals ramping up their attacks, cryptocurrency will likely be a target.  Here’s what you need to know. Wallets Carry Risks Cryptocurrency enthusiasts use both hot and cold wallets to store their Bitcoin. A hot wallet has an internet connection, which makes it potentially hackable. You might wake up one morning to find your funds depleted by an infiltrator overnight.  A May 2019 cyberattack on a Binance hot wallet led to a…

Tether Invests in US$10M in Cryptocurrency Lending Rockstars at Celsius – Blockchain News, Opinion, TV and Jobs

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Cryptocurrency Lending Giant Celsius Network is getting US$10M from lead investor – the largest stablecoin issuer Tether – who own 90 per cent market share in the stablecoin sector. Tether is the lead investor in Celsius’ first equity round. The deal is part of a US$30M round which Celsius plans to grow its community and expand the institutional services it provides worldwide. “We have worked with Celsius Network Limited since 2018. We found them to have the same passion and commitment to the crypto community that we have. We look…

How can Blockchain Benefit your Business?

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Blockchain, by now you must be aware of this word in the IT industry. It is a newfangled technology which has been rolled in just recent times and taking the world by storm ever since then. The driving force behind this cutting-edge technology is nothing but bitcoin. It functions smoothly in a decentralized network without any hassle. There are various industries that are choosing the highly reputed blockchain development company for development of softwares as per their requirement. Different types of industries that are utilizing the benefits of this technology…