Day: July 10, 2020

Bitcoin Wallet Electrum Now Supports Lightning, Watchtowers and Submarine Swaps

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One of the most popular Bitcoin wallets, Electrum, now supports Lightning Network payments. The latest swathe of major changes was released in version 4.0, one of its biggest upgrades since the Bitcoin wallet launched in 2011. (Note: Since the 4.0 release, some bug fixes have been added.) Lightning payments are seen as the future of Bitcoin because they’re cheaper and would allow many more users to make bitcoin cryptocurrency transactions at once.  This makes Electrum the oldest wallet to have adopted Lightning payments so far. Lightning support in Electrum is…

How Did Basic Attention Token (BAT) Become the Most Used DeFi Token?

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As Compound conquered the DeFi space and its COMP token rallied, Basic Attention Token saw an abnormal surge in its trading volume and price. According to recent research from blockchain analytics firm Flipside Crypto, Brave’s Basic Attention Token (BAT) became the most used ERC-20 token in the decentralized finance (DeFi) sector from June 19 to July 2. According to Dapp.com, “there was a transaction volume of $931 million generated from BAT token, more than the combined volume of Ether and Dai”. BAT is the token used to incentivize and reward…

Crypto Lender BlockFi Could Go for IPO in Second Half of 2021

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BlockFi is on the hunt for a chief financial officer. The new hire could help bring the company public as early as the second half of 2021, CEO Zac Prince confirmed. It seems that famous crypto lender BlockFi is looking to hire an experienced corporate financial professional to launch a possible initial public offering (IPO) next year. According to a recent job posting, the company is looking for a chief financial officer with more than 15 years of experience in corporate finance. The person has to have a strong background…

Amazon, Netflix Stocks Get Street-High Price Targets, AMZN and NFLX Up

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The impressive performance of Amazon (AMZN) and Netflix (NFLX) has caused Wall Street analysts to set new price targets for the companies’ stocks. Amazon.com Inc (NASDAQ: AMZN) has been making a tremendous run both during the lockdown and as the economy is reopening. AMZN has led the tech rally to increase its market capitalization by about $90 billion. The eCommerce giant’s stock has seen more highs on several trading days as the economy reopened and its position to expand its subsidiaries with the acquisition of Zoox has helped to fan…

Blockchain Bites: Coinbase’s Untraditional Investor Day and the Ethereum-EOS Arms Race in Latin America

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Coinbase will host its first investor day, New York State prosecutors won a jurisdictional dispute involving Bitfinex and a protocol arms race is unfolding in Latin America. 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 Not Your Traditional Investor DayOn the same day Reuters reported Coinbase is looking to go public, the exchange scheduled its first-ever investor day, for Aug. 14. Investor days can often signal…

Russia’s Blockchain E-Vote Participants May Have Had Their Private Data Leaked

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Russia’s blockchain vote experiences yet another hiccup, as e-constituents’ personal data is reportedly exposed. Personal data for over a million Russian nationals has reportedly been leaked. The data allegedly belongs to some of the citizens who participated in the recent blockchain-based e-vote on Constitutional amendments. The archive was reportedly available for everyone to download  According to an investigation published by Russian language media outlet Meduza, an archive titled “degvoter.zip”, which contains said data, was publicly available for download for at least several hours on July 1 via a government website.…

Crypto Data Firm Launches Indicators to Fight Fake Asset Volumes and

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Cryptocurrency market data provider Nomics has launched indicators for crypto asset market capitalization and volume data aggregated from transparent exchanges. According to an announcement on May 28, the new indicators introduced by Nomics only include data from cryptocurrency exchanges with A+, A or A- transparency ratings. Nomics co-founder and CEO Clay Collins explained to Cointelegraph what he believes makes the transparent market cap indicator interesting:“Transparent market cap is interesting because it highlights times when total market cap is going up while transparent…

Remdesivir Coronavirus Treatment Reduces Risk of Death

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Gilead Sciences (GILD) stock price has risen on the news that Remdesivir saves more lives than it was previously thought. These results were revealed in a preliminary study. Gilead Sciences Inc (NASDAQ: GILD) stock price has risen 2% on encouraging news on its wonder coronavirus drug Remdesivir. Sources say that new research points to life extension for elderly COVID-19 patients by as much as 62%. It is in contrast to regular treatment without the drug. Gilead Sciences also indicated that the treatment “significantly improved clinical recovery.” These details were presented…

One of Ripple’s Co-Founders Is Spending a Fortune Installing Cameras in San Francisco

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Crypto mogul and Ripple co-founder, Chris Larsen, paid over $4 million to install 1,000 high-definition cameras on the streets of San Francisco. He claims his goal is to combat crime, specifically theft. According to a report published by The New York Times, Larsen – who recently recovered from COVID-19 – decided to take up this project after a group of unknown men climbed into his garden in 2011 and cut the wires to his home security while his children were sleeping inside. “Alternative” system for public security Ripple’s executive chairman…

Unitize Conference Covers Ground, Mulls Blockchain Adoption and DeFi

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Retail and enterprise blockchain adoption trends dominated the discussions on days three and four of the ongoing virtual conference Unitize, organized by BlockShow and San Francisco Blockchain Week and sponsored by crypto derivatives exchange ByBit.  The key topic that dominated discussion was blockchain adoption, which continues to spread across the globe, with governments and corporate establishments developing solutions based on distributed ledger technology.  Exploring the blockchain development landscape Speaking during one of Wednesday’s panels at the conference. Yi Ming Ng, a member of the Tribe Accelerator project in Singapore, and…