Day: July 23, 2020

Binance Smart Chain Integrates Chainlink Oracles to Improve DeFi

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Binance has added Chainlink oracles to its Binance Smart Chain platform as it makes DeFi setup much easier for developers. Binance Smart Chain has successfully integrated Chainlink oracles to support the DeFi sector, according to an official Binance tweet. Chainlink provides tamper-proof inputs and outputs of data for smart contracts, available on any blockchain. A Binance blog referred to the integration as “good news” for developers. The Chainlink Oracle, which is a middleware piece connecting on-chain resources to the already stored data on off-chain resources, will accelerate DeFi support on the Binance…

Ant Group Partners with Dell, Hewlett-Packard and Lenovo to Enable Access for its New Blockchain Solution—AntChain

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Ant Group, formerly known as Ant Financial, the payments arm of Chinese e-commerce giant Alibaba, has launched a new blockchain solution, AntChain. Ant Group has signed an agreement with Dell, Hewlett-Packard, and Lenovo to enable accessibility of IT leasing services for small to medium enterprises (SMEs) through the AntChain blockchain solution.  The launch of AntChain aims to strengthen transparency and to build trust in industries involving a large number of participants and involves long and inefficient processes, such as supply chain. The executive chairman of Ant Group said:  “Since…

Eth 2.0 Dev Shares Details of Upcoming Community Testnet

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The Ethereum 2.0 team has formalized the launch date of the first full testnet designed to simulate mainnet conditions. Called Medalla, the new multi-client testnet is set to be the last one before mainnet launch occurs. Medalla means “medal” in Spanish, a reference to the “Olympic” Ethereum 1.0 testnet that immediately preceded the full launch. According to a July 23 post by Danny Ryan, the Ethereum Foundation’s Eth 2.0 coordinator, Medalla will launch no earlier than August 4 at 1 PM UTC. The launch date is not set in stone…

VirgoX and Global Digital Assets Launch World Stablecoin Association in Switzerland

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Place/Date: Geneva, Switzerland – July 23rd, 2020 at 5:30 pm UTC · 4 min read Contact: WSA, Source: World Stablecoin Association VirgoX, a leading digital asset exchange, and Global Digital Assets (GDA Capital), a leading blockchain capital markets firm, announced the launch of the World Stablecoin Association  (WSA), an independent, not for profit organization that is structured and headquartered in Geneva, Switzerland with a mission to unite business leaders, enterprises, community buildings and regulators in the stablecoin industry internationally. The World Stablecoin Association membership currently consists of the two founding…

Steve Wozniak Sues Youtube, Google for Promoting Bitcoin Giveaway Scam — Youtube Denies Fault

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Apple co-founder Steve Wozniak and 17 other victims have sued Youtube and Google for allowing, promoting, and profiting from bitcoin giveaway scams. However, Youtube insists that it is not at fault for scammers using its video-sharing platform for cryptocurrency giveaway scams and other fraudulent schemes. Steve Wozniak and 17 Victims Take Youtube and Google to Court Over Bitcoin Giveaway Scam Steve Wozniak and 17 other fraud victims have sued Youtube and its parent company, Google, over a bitcoin giveaway scam that has persisted on the popular video-sharing platform for many…

World Stablecoin Association Launches in Switzerland

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Amid the massive growth of stablecoins in 2020, the cryptocurrency community is setting up an international stablecoin organization in Switzerland. Called the World Stablecoin Association, or WSA, the Geneva-headquartered organization is to be launched by cryptocurrency exchange VirgoX and blockchain capital markets firm Global Digital Assets, or GDA Capital. The WSA announced this new to Cointelegraph on July 23. Adding key stablecoin projects Adam Cai, CEO of VirgoX, outlined that the ultimate goal of the initiative is to build a true, unbiased global association composed of all major stablecoin projects. …

English Football Club Hit With Multi-Million Dollar Ransomware Attack

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The UK National Cyber Security Centre released a report on July 23 that discloses a growing trend in ransomware attacks against the sports sector. They noted a recent example in which attackers demanded that an English Football League club, or EFL, pay a multi-million dollar ransom in Bitcoin (BTC). According to the Cyber Threat to Sports Organizations paper, the unnamed club was targeted by ransomware that crippled their corporate security systems. The ransom amount requested was 400 BTC ($3.66 million). The club declined to pay, resulting in a loss of…

Visa Announces Efforts to Integrate Digital Assets to Its Payment Platform

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Visa stated that digital currencies could help in offering better services and expansion of the networks that would support modern forms of trade and exchange. Visa Inc (NYSE: V) is a renowned technologically based payments company that is committed to delivering the best values to individuals to customers all over the world. Its services are not hindered by differences in currency, channel or form. It is contributing immensely to reshaping how money is moved worldwide. Visa recently announced research partnerships supporting different technological advancements such as the ones in digital…

Russia’s FSB Is Making Life Harder for Blockchain Companies

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Enterprise blockchain solutions in Russia have to get their cryptographic elements certification with the FSB, the counter-espionage agency The process can take several years to complete and up to $100,000 Some foreign-developed blockchains can’t satisfy the requirement without a fork Russian-made systems might end up isolated from the global market due to distrust of Russian government cryptography standards Blockchain technology was created to be borderless. But in the real world, borders still impose limits on this technology. Everything related to cryptography in Russia falls under the supervision of the Federal…