Day: July 31, 2020

Federal Court Dismisses Investors’ Claims against Ripple Regarding XRP

boss

The Northern California District Court has dismissed the claims made by two investors against Ripple regarding XRP as false. The Northern California District Court findings released online in the last 24 hours by Law360 state that claims regarding Ripple and the XRP token made by two investors cannot be proven. The case was concerning the on-going legal dispute which began in May 2018 between Ripple Labs including CEO Brad Garlinghouse and disgruntled investors as to whether the native token XRP is, or is not a security by legal definition. They claim that Ripple should have made a formal application to the U.S. Securities Exchange Commission…

Learn how to mix at MyCryptoMixer.com, the leading Bitcoin mixer in 2020

boss

On June 24, the IMF published its quarterly World Economic Outlook report, describing the COVID-19 induced lockdown as the worst economic downturn in 90 years and predicting a total of nine trillion dollars of losses by 2022. Global growth is projected at –4.9 percent in 2020, and the world economy is expected to face a year-over-year recession of 3% as economic activity retraces in more than 170 nations. The International Monetary Fund (IMF) has also issued a grim forecast that the ongoing global economic recession caused by ‘the big lockout’…

Bitcoin Price Climbs to $11,200, But Three Factors Hint at a Pullback

boss

The price of Bitcoin (BTC) has increased from $10,995 to over $10,200 in the past 12 hours. But while the momentum of BTC also pushed up the price of other top cryptocurrencies, including Ether (ETH), key metrics and technical patterns suggest the chances of a pullback are rising.  Cryptocurrency market snapshot July 31. Source: Coin360 Three factors that hint at a drop are the fear and greed index, a potential Wyckoff pattern and major resistance. The crypto market sentiment is at “greed,” data shows According to data from Alternative.me’s Crypto…

Ethereum 2.0: Closer Than Ever, Still Plenty of Work to Do

boss

“Though now evolved in many ways,” Gavin Wood wrote in Ethereum’s 2015 yellow paper, “the key functionality of a blockchain with a Turing-complete language and an effectively unlimited inter-transaction storage capability remains unchanged.” Five years and thousands of bits later, Ethereum is still chugging along as a decentralized platform for self-executing code. And it has “evolved in many ways,” with the largest yet to come: Ethereum 2.0.   Call it Slasher or Casper, Shasper or Serenity, Eth 2.0 has had as nearly many names as unrealized goals. For all the hubbub,…

Credits Blockchain Launches Two Mobile Apps To Enhance Customer Experience

boss

Credits.com, the blockchain-based payment system, launched its two innovative mobile wallets for iOS and Android users at once – the CS Crypto Wallet and the Credits Neobank. The company’s expertise enables it to better understand the users’ requests for providing a multi-functional service that meets security and efficiency issues. To create a smooth customer experience, Credits has created two applications that meet users’ needs of anonymity and at the same time currency applicability. Credits Neobank, a mobile payment wallet, incorporates instant transfers using fiat and crypto assets with marginal and…

Dai Supply Hits New Highs as Efforts to Restore Peg See Limited Success

boss

The MakerDAO community approved and executed a vote on Thursday to almost double the total debt ceiling, which indicates how much Dai (DAI) can be minted by its users. An announcement by the Maker Foundation posted on July 29 details the specific proposal to raise the debt ceilings for Ether (ETH), USD Coin (USDC), Wrapped Bitcoin (WBTC) and others. The vote passed at 8 a.m. UTC on July 30 and was executed at 10 p.m. UTC on the same day. Specifically, the proposal raised the debt ceiling for ETH by…

TikTok Launching Fund Worth Over $2 Billion to Support Its Creators

boss

TikTok has decided to support the next generation of content creators on its platform with a $2 billion TikTok Fund. Chinese video-sharing and social networking platform TikTok has announced the launch of its Creator Fund that is meant to motivate its content creators. According to a blog posted on its official website, the company said that it expects this Fund to grow to over $1 billion in the U.S. in the next 3 years, and more than double that globally. This is an ambitious plan that is seen to take…

Over 20,000 Bitcoin Now on Ethereum, 20x the Amount in the Lightning Network

boss

Highlighting the increasing utility of Ethereum and the position of DeFi, the number of BTC on the pioneer smart contracting platform continues to swell. On July 31, 2020, there were 20,309 BTC ($227.3 million) on Ethereum versus the 996.37 BTC in the Lightning Network (LN). 15,521 BTC or $173.7 million, had been tokenized as wBTC according to statistics from BTC on Ethereum. Quest for Better Rates, DeFi as an Option Open Finance, or simply DeFi, supporters argue, is a financial revolution. With the investment world being disillusioned by the turn of…

Tech’s Antitrust Issues Flare Up on Both Sides of the New ‘Cold War,’ Report

boss

Days after the CEOs of the world’s top tech firms faced antitrust hearings in the United States Congress, sources are alleging that Beijing too could soon probe its own digital monopolies.  A Reuters report published on July 31 cites anonymous sources who claim the People’s Bank of China has formally recommended that the State Council’s antitrust committee launch a probe into the activities of digital payments titans Alipay and WeChat Pay. The central bank has allegedly argued that both have used their ascendant position to stifle any possible competition in…