Day: July 20, 2020

Conflux Blockchain Announces Ecosystem Grants Program

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Blockchain startup Conflux has announced its Conflux Ecosystem Grants Program, paid in the blockchain’s native CRX token, for building out the Conflux ecosystem, according to a release from the firm.  Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link

Bitcoin Security 101: How to Create a 2 of 2 Multi-Signature BCH Wallet

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In the world of cryptocurrencies, there’s a lot of discussions and lessons when it comes to digital asset security and one of them is multisig wallets. The term multisig stands for multi-signature and the following post will teach anyone how to create a 2 of 2 multisig wallet. Years ago cryptocurrency developers came up with an idea to increase wallet security by leveraging a multisig wallet. Basically, a 2 of 2 multisig wallet consists of two wallets but people can create wallets with more than two signers. Essentially, with a…

Technicals Anticipate a Correction Ahead of Aave (LEND) After 1,500% Rally

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The Ethereum-based peer-to-peer lending platform Aave has been in the spotlight of the cryptocurrency market after the 1,500% price increase it has enjoyed throughout the year. In July alone, LEND skyrocketed nearly 185% to reach a new yearly high of $0.38. This price level is just a few cents below its all-time high of $0.394 that was reached by the end of the 2017 ICO mania.    Aave Skyrockets 185% Throughout July 2020. (Source: TradingView) Given the substantial gains that Aave has posted, different metrics anticipate that it is reaching an…

As US Banks Running Out of Coins Bitcoin Keeps On Chugging Along

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The U.S. economy is experiencing a shortage of coins. With this in mind, the Community State Bank, or CSB, of Milwaukee is offering a five percent premium to customers who turn in coins to one of its locations. Meanwhile Bitcoin (BTC) is not expected to run out of Satoshis anytime soon. CSB announcing “Crazy time”. Source:  CSB Site. COVID-19 is to blame This issue apparently stems from further complications caused by the COVID-19 pandemic. Reasons given include that the U.S. Mint reduced coinage to protect its employees, and that U.S.…

$10.9 Billion Bitcoin Stash Proves Satoshi Is Still the Biggest Whale

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A recent report by blockchain tracking and analytics provider, Whale Alert, revealed that the miner known as Patoshi mined over $10.9 billion or 1,125,150 BTC during Bitcoin’s infancy in order to protect the network from a 51% attack.  Patoshi has been confirmed to be the anonymous Bitcoin creator known as Satoshi and the early blocks mined by Patoshi also include the first BTC transaction to Hall Finney, a well known developer and early Bitcoin contributor. Whale Alert was able to come to this conclusion by reviewing previous research conducted by…

Global Banks Reportedly Limit Service in Hong Kong for Political Reasons

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Major international banks like Credit Suisse and HSBC are reportedly scrutinizing their Hong Kong clients amid the ongoing protests over China-backed national security law. According to a July 19 report by Reuters, global banks including Credit Suisse, HSBC, Julius Baer, and UBS are now screening their clients in Hong Kong on potential ties to the city’s pro-democracy movement. Social media spies Citing a group of anonymous people familiar with the matter, the report says that the banks are scanning clients’ records for political and government ties in order to impose…

Stellar (XLM) Could “Launch” Higher Despite Flashing Some Disturbing Signs

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Stellar (XLM) has seen some strong momentum throughout the past few weeks, but this is starting to show some signs of faltering as its buyers fail to surmount a crucial resistance region that it has tested multiple times. Its current signs of weakness may not be emblematic of its near-term outlook, however, as one analyst is noting that a variety of factors suggest that it could be gearing up for a fresh leg higher. This trader – who predicted XLM’s last 45% rally – is now noting that he expects…

Market Wrap: Bitcoin Clings to $9,200 While Ethereum Transactions Soar

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While bitcoin prices stay steady, Ethereum transactions are skyrocketing. Holding on to $9,200 after a weekend in the $9,100 range is the best traders could hope for in a weaker-than-normal market for bitcoin. “After a brief consolidation in the region of $9,000, bitcoin began to adjust upward,” said Constantin Kogan, partner at cryptocurrency fund of funds BitBull Capital. “Now it is near the next important level at $9,200. If today’s trading session closes above this mark, it is likely to see further growth.”  Any growth would be welcomed by cryptocurrency…

China Adds a New City to Their Fintech Pilot Initiative

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The People’s Bank of China has officially added Chengdu, the capital of China’s Sichuan province, to the list of regions carrying out fintech innovation supervision pilots, according to local news on July 20. Industry insiders believe that Chengdu’s official approval will further accelerate fintech innovation and actively help Chengdu build a regional fintech center with international influence. The city is reportedly focusing on big data, artificial intelligence, cloud computing, and blockchain technologies. It is accelerating the construction of local financial regulatory sandboxes to enhance local financial regulatory capabilities and service…