Day: July 1, 2020

Brewdog Tokyo Accepts Bitcoin Cash Payments: Local BCH Meetup Gathers to Celebrate

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On July 1, 2020, the popular eatery and bar in Japan, Brewdog Tokyo, started accepting bitcoin cash payments for products and services. The establishment is the third Brewdog bar to accept bitcoin cash, as the cryptocurrency is accepted at the London and Budapest locations as well. In order to celebrate Brewdog Tokyo supporting bitcoin cash, a number of Tokyo-based BCH Meetup members gathered at the bar on Wednesday to socialize and purchase refreshments. The meetup was the first in-person BCH Meetup in Tokyo since the start of Covid-19. The Roppongi…

Cryptography Startup Brings Private Payment Channels to Tezos Blockchain

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Cryptography firm Bolt Labs has launched a private payment solution, zkChannels, on Tezos.  The startup is now working with Tezos developer groups Nomadic Labs and Metastate to implement the tech in the next network update.  Similar to the Lightning Network, zkChannels is a payment channel for blockchains but with zero-knowledge proofs attached. A current problem with Lightning – a payment solution built on top of the Bitcoin blockchain – is that in certain settings, you can see other people’s de facto bank accounts, called funding channels. zkChannel hides that information from…

Blockchain Bites: DeFi and DEXs Surge, Bitcoin’s Negligible Adjustment and an ICO Class Action

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DeFi’s agricultural revolution is spurring growth in decentralized exchanges. Meanwhile, the Bitcoin network experienced its lowest difficulty adjustment in 10 years, clocking a negligible change in mining difficulty today, while a novel legal strategy is bringing an initial coin offering project to court. Here’s the story: You’re reading Blockchain Bites, the daily roundup of the most pivotal stories in blockchain and crypto news, and why they’re significant. You can subscribe to this and all of CoinDesk’s newsletters here.  Top shelf Breaking Down DeFiDecentralized exchanges (DEXs) are growing due to a surge in decentralized finance (DeFi)…

Bitcoin Flirts with Posting a Bull Cross as Crucial Resistance Nears

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Bitcoin’s recent price action has done little to offer investors with insight into the cryptocurrency’s current trend, as it has been stuck between $9,000 and $10,000 for an extended period. There are a few crucial price regions within this trading range that could hold massive sway over the cryptocurrency’s near-term trend, and one analyst believes that the first level to watch exists just above BTC’s current price. He notes that a break above $9,260 could be all that is needed to boost the benchmark digital asset up towards $9,500. He…

European Innovation Council Awards $5M to Six Blockchain Projects

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A technology unit at the European Commission has awarded millions of dollars to several blockchain projects in an effort to support the use of blockchain in socially beneficial ways. The European Innovation Council has awarded 5 million euros ($5.6 million) to six blockchain initiatives within its “Blockchains for Social Good” program. Announcing the news on Tuesday, the EIC noted that the prize intends to promote blockchain development in the areas of traceability, fair trade, financial inclusion and decentralized circular economy. The awarded startups include Dutch content authenticity firm WordProof, British startup PPP, Finnish…

Blockchain Service Bison Trails Announces Support for Ethereum 2.0

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Blockchain infrastructure-as-a-service company, Bison Trails, has announced support for Ethereum 2.0 — an upgrade that will move the network from its proof-of-work consensus mechanism to proof-of-stake. Bison Trails offers a suite of enterprise products that allow users to interact with the Beacon Chain, stake Ether (ETH), and automatically manage validators, validator clients, and beacon nodes. Importance of adopting Eth2 Joe Lallouz, CEO of Bison Trails told Cointelegraph about the importance of adopting Eth2 within the crypto industry and which benefits could bring like new scalability options for the protocol: “The…

Billions of Dollars May Be Waiting to Enter Bitcoin, Stunning USDT Data Shows

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Tether has long been used as a flight to stability when Bitcoin crashes. The influx of capital reentering the cryptocurrency market also helps to drive up valuations during bull runs. With over $9 million sidelined and climbing, could all of this capital be waiting to enter Bitcoin at the first sign of a breakout? Or has Tether developed new use cases that are fueling its tremendous growth in 2020? Tether’s Unstoppable, Growing Market Supply Dominance Over Crypto Cryptocurrency stablecoins like Tether, USD Coin, and Paxos Standard all are tied 1-to-1…

Blockchain Giving Power to the LGBTQ+ People

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Yesterday, Cointelegraph hosted another episode of “CT Talks,” dedicated to Pride Month and addressing important questions on diversity, inclusion, stigmatization, acceptance, challenges and opportunities for the LGBTQ+ community in the crypto and blockchain space. For many people — mostly heterosexuals — the terms “blockchain” and “LGBTQ+” used so close together might seem irrelevant. For those who are a part of the community, as I am, it is perfectly natural to raise this topic within the space, combining these discourses. Emerging technologies such as crypto, blockchain, AI and big data have…

A Crypto Startup in India Raises $650k to Bring “Chit Fund” on Blockchain

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Crypto startup ChitMonks has raised $650k in a pre-series A round with the help of early-stage investors Unicorn India Ventures (UIV). The firm aims to revolutionize proceedings by bringing 21st-century blockchain technology to the old-fashion chit-fund market. “At ChitMonks, we are building India’s largest blockchain network for Savings and Borrowings. We synergize Chit Fund Companies, Regulators, Subscribers, Banks, Service providers, EcoSystem enablers to drive the largest trusted network of Savers and Borrowers platform.” Records of Chit-funds go back to the 19th century. They are a type of rotating savings and…