Day: July 6, 2020

Ledger Crypto Wallet Claims Purported Vulnerability Is User Experience Flaw

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Leading crypto hardware wallet producer Ledger has denied that its product’s transaction management software featured a double-spend vulnerability. According to Ledger’s CTO Charles Guillemet, the vulnerability recently revealed by software wallet ZenGo is — in fact — nothing more than a user experience flaw. He illustrated the nature of its hardware wallet companion software Ledger Live to Cointelegraph: “It’s important to understand that rather than an attack, the actual flaw may be seen more as a clever piece of trickery. Trickery is not a vulnerability. However, we do want to…

Ethereum-Rival Cosmos Hits 10-Week High Following “Stargate” Announcement

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Valuation of Cosmos, the 25th-largest blockchain project by market capitalization, hit its 10-week high on Monday. The surprise surge came as a part of a macro market price correction led by Bitcoin’s 2 percent jump. Cosmos’s price rally also appeared as an extension of its last week’s upside move, with a critical network upgrade announcement acting as a crucial bullish catalyst. Cosmos’s native blockchain asset ATOM surged to its 10-week high on Monday, while hinting a further move to the upside in the next sessions. Cosmos (ATOM) price showing signs…

Blockchain Travel Project Travala.com Join Forces with Expedia to Offer Frictionless Cryptocurrency Booking – Blockchain News, Opinion, TV and Jobs

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Struggling Blockchain travel startup Travala has teamed up with tourism behemoth Expedia and Travala now offer 700,000 Expedia Group hotels and accommodations on their website.  Late in 2019, Travala also cut a deal with Dutch travel giant Booking.com. Powered by EPS’ versatile API, Rapid, travellers can book trips using more than 30 forms of cryptocurrency, including Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB) and AVA, Travala.com’s native cryptocurrency. Alfonso Paredes, Senior Vice President at Expedia Group, said: ~ Advertisement ~ “At EPS we are passionate about innovation and recognize that…

Afghan Government to Use Blockchain to Combat Counterfeit Drugs

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Afghanistan’s healthcare ministry and several local pharmaceutical companies will use Fantom’s blockchain to combat counterfeit drugs. According to Fantom on July 6, its Opera blockchain will be used to track 80,000 units of four different pharmaceutical products in Afghanistan. After this initial pilot, the system will be scaled up to cover more products later this year.  50,000 units of hand sanitizer, 10,000 joint creams, 10,000 Kofol tablets and 10,000 Dioacare foot creams will be tracked during the pilot. The system is meant to address Afghanistan’s problem with counterfeit pharmaceuticals. Fantom…

A New Price Valuation Model Says $10,670 Fair Value For Bitcoin

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Seba, a Switzerland based bank, is proposing a Bitcoin valuation model that places its fair value at $10,670. At this price, the model suggests Bitcoin is trading at a significant discount, at just above $9,100. In a blog posting this past Thursday, Seba says the model’s estimate relies on the same concepts as other valuation models. It draws comparisons with the FX space. “In the FX space, for instance, Purchasing Power Parity (PPP) and Uncovered Interest Rate Parity (UIP), two models based on sound concepts, provide estimates challenged by empirical…

Blockchain Travel Platform Lost 90% of Booking Volumes Due to COVID-19

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The global travel industry ground to a standstill after governments worldwide announced strict lockdowns to prevent the spread of COVID-19.  At the Unitize virtual blockchain conference on July 6, Juan Otero, the co-founder and CEO of the Binance-backed online crypto travel agency Travala, said that the platform experienced a steep drop in booking volumes. Otero stated that till February, Travala was seeing exponential growth with a consistent rise in booking volumes. But as the coronavirus pandemic reached crisis levels, the firm saw an 80–90% drop in total bookings within a…

Cardano Founder: Scamming is an Industrywide Problem That Hurts us All

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IOHK CEO Charles Hoskinson took the time to address concerns over crypto scam activity that has tainted Cardano’s reputation. In particular, he drew attention to a video showing scammers using Cardano’s logo to pitch to Chinese farmers. According to @boxmining, a group called the “Asian Dragons,” who are known for delivering aggressive multi-level marketing (MLM) campaigns, gave the presentation. Cardano’s Reputation Gets Unfairly Tainted by MLM Fraudsters In response, Hoskinson vented his frustration and anger at the audacity of the scammers, who were bold enough to use his face and…

Open Source Money — Five Part Blockchain Documentary Kicks Off Five Weekend Series July 4, 2020 – Blockchain News, Opinion, TV and Jobs

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Open Source Money, a groundbreaking five-part, five-weekend, documentary series about the rise of Disney-incubated blockchain company, Dragonchain, and the global evolution of cryptocurrency and blockchain technology kicked off on Discovery Science Channel July 4, 2020. The documentary series follows the untold, heroic story of Joe Roets, the founder of Dragonchain, a US-based blockchain technology company launched in 2017 that fueled public interest in cryptocurrency worldwide. The documentary follows Joe and entrepreneurs around the United States who encounter major resistance from the US Government and SEC, as they attempt to advance…