Day: July 23, 2020

Stablecoin Tether Set to Eclipse Bitcoin’s Daily Transaction Value

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The most dominant stablecoin in the cryptocurrency ecosystem has seen some competition during the last few years, but the token tether has remained king in the face of rivalry. Just recently, a “Q2’20 review” published by the digital currency data and analytics firm Messari shows that tether’s daily transaction value is set to eclipse bitcoin’s daily transaction value in the near future. Ever since the first tokens were issued back in October 2014, the tether (USDT) stablecoin economy has been an enigma, to say the least. Moreover, since 2017 the…

Four Separate Threats Quantum Computing Poses to Bitcoin – Blockchain News, Opinion, TV and Jobs

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by Kelce S. Wilson, PhD, MBA, J.D. In this article, there are four separate threats to Bitcoin by quantum computing identified, their effects are described, and a solution to delay the two most severe threats is proposed. The threats, in descending order of severity, are: ~ Advertisement ~ A second preimage attack (forging a hash value) against the SHA-256 becomes computationally feasible, enabling the forgery of entire blocks. A simplified variation of the first threat uses a second preimage attack to delete transactions. Determining Bitcoin wallet private keys, which identify…

Gibraltar Gov’t Partners With Post-COVID DLT Hackathon

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Gibraltar Finance has been announced as an official partner of the upcoming Post-COVID Hackathon — a global, online initiative intended to create open-source solutions addressing the health, social and economic challenges posed by the post-COVID-19 era. The event is expected to see participation from hundreds of teams internationally building in the distributed ledger technology (DLT) sector, with over 200 industry experts slated to assist participants. Albert Isola, Gibraltar’s Minister for Digital and Financial Services, expressed pride in the government’s involvement with the hackathon, stating that “the COVID-19 pandemic has brought…

Ripple (XRP) Bullish Breakout Seems Real: Indicators Suggest Sustained Rally

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Ripple is up over 2% and it broke the main $0.2000 resistance zone against the US Dollar. XRP price is trading in a positive zone and it could continue to rise towards $0.2120 or $0.2150. Ripple price broke a couple of important hurdles near the $0.2000 level against the US dollar. The price spiked towards $0.2050 and it is currently correcting gains. There was a break above this week’s followed bullish flag with resistance near $0.1990 on the 4-hours chart of the XRP/USD pair (data source from Kraken). The pair…

Samsung Unveils 5G-Enabled Foldable Smartphone

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The new Samsung’s foldable smartphone offering – Galaxy Z Flip – comes with the next-generation powerful 5G cellular capabilities. The smartphone features the latest chipset capabilities with ultra-portability and bold form factor. Get back the good old days of using a flip phone with latest foldable 5G smartphone offering! Samsung Electronics Co Ltd (KRX: 005930) unveiled its new 5G foldable smartphone – Galaxy Z Flip 5G with all new mobile experiences. As said, the smartphone will come with the next-generation cellular capabilities of 5G supporting lightning-fast data speeds. With rapidly…

China’s Blockchain-based Services Network (BSN) Integrates with First Public Blockchain, Nervos – Blockchain News, Opinion, TV and Jobs

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Nervos is officially integrating with China’s Blockchain-based Services Network (BSN) (Chinese version) and (English version) as the first public blockchain to join a network which so far has only supported permissioned blockchain frameworks like HyperLedger Fabric, Baidu’s XuperChain, and CITA. The integration will go live in August with the launch of BSN’s new International Portal, which will cater to global users and provide them with access to low-cost blockchain solutions. “By bringing together the leading blockchain frameworks into one shared gateway, BSN has the potential to drive blockchain development and…

TSLA Stock Jumps 4% After Hours as Tesla Reports Q2 2020 Earnings

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Following strong Q2 2020 report, Tesla stock rose. TSLA closed at $1,592.33 per share yesterday and added 4.06% to $1,657.00 after-hours.  On Wednesday, after the market closed, the electric vehicle innovator Tesla Inc (NASDAQ: TSLA) announced its Q2 2020 earnings results. The company’s financial performance exceeded analysts’ expectations. As a result, Tesla (TSLA) stock went up after the report appeared. Analysts were quite chary in their predictions. Wall Street was expecting Tesla to announce revenue of $5.146 billion, which is less than the $5.985 billion the company reported in the…

NBA Star Sells Just 10% of Tokenized Contract

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Professional basketball player Spencer Dinwiddie has had a disappointing response to his offering of tokenized shares in his $34 million contract with the National Basketball Association (NBA). The token sale concluded almost one year after he first announced his intention to issue security tokens representing fractionalized ownership in his NBA contract — with each ‘SD26 Professional Athlete Token’ representing a $150,000 stake in the contract. Only eight investors participate The Brooklyn Nets guard aimed to sell 90 shares worth $13.5 million, but Form D regulatory filings submitted to the U.S.…

Ethereum Soars To $270: Here’s Why ETH Could Rally Further To $285

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Ethereum rallied over 8% and it surged above the crucial $250 resistance against the US Dollar. ETH price is trading in a strong uptrend and it could continue to rise towards $280 or $300. Ethereum is up more than 8% and it broke the $250 and $260 resistance levels. The price is now trading well above the $250 barrier and the 100-day simple moving average. There is a significant bullish trend line forming with support near $244 on the daily chart of ETH/USD (data feed via Kraken). The pair is…

Bitcoin SV ‘Educates’ China’s Largest Developer Community

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Bitcoin SV’s Bitcoin Association has launched a ‘Bitcoin SV Developer Zone’ in partnership with the Chinese Software Developer Network (CSDN). CSDN is the largest developer community in China and has 31 million users. The zone will provide educational material for novice to expert developers as well as tools to develop apps on BSV. Written and video content commences on July 28 and there will be twice-weekly online lectures and presentations. The two organisations will also work together to produce the BitcoinSV DevCon 2020: China event which will be held in…