July 8, 2020

Volvo Invests in Blockchain Startup to Trace Cobalt in Its Batteries

July 8, 2020 boss

On July 8, Volvo Cars Tech Fund announced their investment in blockchain traceability startup, Circulor. Volvo previously used Circulor’s traceability solution to track cobalt in its batteries. Much of cobalt mining happens in Africa under questionable conditions and involves child labor. In the era where more consumers are becoming concerned with how the products they buy are produced, the ability to verify the entire supply chain may provide a competitive advantage or even become a necessity. Volvo may also be planning to use Circulor’s solution to trace carbon emissions. According…

Tron CEO Justin Sun Is Looking to Replicate Dogecoin’s TikTok Success

July 8, 2020 boss

Tron CEO, Justin Sun today tweeted his intention to focus more on using TikTok to promote his platform. Starting today, we’ll focus on more TIK TOK content…stay tuned for #TRON videos going viral! #TRX @tiktok_us — Justin Sun (@justinsuntron) July 8, 2020 This follows the overwhelming success of TikTok in pumping the price of Dogecoin (DOGE). Recently, TikTok content creators have latched onto crypto’s “clown coin” in a bid to push it to $1. According to Gizmondo, the instigator of this ploy goes by the username jamezg97. In one of…

About 90% of Bitcoin Investors Worried About Fate of Their Assets After Death: Study

July 8, 2020 boss

Nearly 90% of cryptocurrency investors worry about what will happen to their assets after they die, but few plan appropriately. Younger investors are particularly culpable, barely thinking beyond their own lives. According to a new study by the Cremation Institute, only about one quarter of bitcoin (BTC) investors have a documented plan of how their crypto funds will be distributed once they die. Younger generations — those between the ages of 18 and 40 years — are 10 times more likely not to have a plan in comparison to older…

Venezuelan Authorities Seize Over 300 Bitcoin Mining Machines

July 8, 2020 boss

The Bolivarian National Guard of Puerto Ordaz, Venezuela, seized 315 Bitcoin (BTC) mining machines manufactured by Bitmain. The owners of the mining rigs were told that they did not possess the necessary permits to own and operate the machines. They also were not authorized to be transporting the machines during the COVID-19 quarantine. According to current legislation, Venezuelan citizens who are interested in conducting crypto-related mining activities must obtain the appropriate permits from a government office called the National Superintendence of Cryptoactives. Owners who fail to obtain these permits risk…

Kraken Discovers Supply Chain Attacks Against Ledger Wallets

July 8, 2020 boss

Kraken, a major United States-based cryptocurrency exchange, has identified new potential attacks against the popular hardware wallet, Ledger. Kraken Security Labs, the exchange’s cyber security division, has discovered two new attack vectors that could compromise the security of Ledger Nano X wallets. The exchange announced the news in a July 8 blog post. Both attacks can be exploited before users launch the wallet for the first time According to the post, both attacks can affect Ledger Nano X wallets if exploited prior to the user receiving the wallet. This can…

Five Key Numbers Paint an Optimistic Picture For Ethereum in Q3 2020

July 8, 2020 boss

Ethereum has had a solid year so far, backed by an apparent increase in user activity and demand for ETH. Five crucial metrics portray the optimistic medium-term outlook on the dominant smart contracts blockchain network. The five metrics are an increase in Truffle Suite downloads, Ethereum DApps, daily transactions, decentralized finance (DeFi), and blockchain initiatives. Highly optimistic numbers show rapid Ethereum growth According to ConsenSys, the Ethereum ecosystem achieved the following numbers in June: 3.5 million in Truffle Suite downloads 27 new Ethereum decentralized applications (DApps) 1.1 million daily transaction…

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July 8, 2020 boss

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Waiting for Ethereum 2.0, but Layer-Two Solutions Are Needed Now

July 8, 2020 boss

Ethereum has been the center of focus in the cryptosphere for some time now, and for good reasons. As the popularity of the second-largest blockchain network continues to grow, so too does the urgency for improved performance and scalability. The Ethereum network has been dealing with some congestion issues, the most recent of which resulted in its transaction fees ballooning in June 2020. The network congestion even led to an increase in the maximum gas allowed per block on the Ethereum blockchain, enabling more transactions to be processed but also…

Cryptograph Launches — Featuring Original Creations by World Crypto Leaders Blockchain-Based Digital Collectible Auction Site

July 8, 2020 boss

Cryptograph has gone live with their new auction platform this week featuring original digital artwork by Crypto world leaders such as Vitalik Buterin, Vlad Zamfir, El33th4xor, Avsa, Mihai Alisie, Erik Voorhees, and Jutta_Steiner. “A key differentiator is our unique business model that aligns the interests of our creators and charities over the long term (by giving creators and charities a share in the perpetual revenue of each Cryptograph) will drive long term value to our collectables and to our collectors. This kind of ‘creator first’ business model is new for this…