Day: August 9, 2020

Uniswap Listing of ERC-20 Version of Meter’s MTRG Token Scheduled on August 9th, 17:00 UTC

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Place/Date: – August 9th, 2020 at 5:34 pm UTC · 3 min read Source: Meter is DeFi infrastructure that makes use of two types of tokens – MTR, a Proof-of-Work-based, truly decentralized stable currency, and a Proof-of-Stake-based governance token called MTRG. In order to expand the decentralized ecosystem and transfer value, Meter has decided to create a bridge with the Ethereum ecosystem via the ERC-20 version of its governance token called eMTRG. The Ethereum blockchain plays a pivotal role in the DeFi ecosystem, thus Meter has decided to create this…

Blockchain-IoT Project Xensor (XSR) Now Listed on OKEx

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Earlier this week, the leading cryptocurrency spot and derivatives exchange platform OKEx announced the listing of Xensor (XSR), a futuristic project designed to meet the requirements of smart cities by integrating IoT with blockchain technology. As a part of the listing, OKEx opened XSR deposits on August 4, 2020, followed by spot trading against USDT and BTC two days after on August 6, 2020, at 7:00 AM UTC. On the same day, at 9:00 AM UTC, XSR withdrawals were enabled as well. Headquartered in Hong Kong and created by a…

Bitcoin Halving and Ethereum 2.0 Bring Big Changes for Crypto Miners

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Although over two months have passed since the halving happened on the Bitcoin network, the crypto mining industry is still heaving from the frantic pace of events that have followed suit. The rollercoaster of hash rates has left Bitcoin (BTC) and Ether (ETH) prices soaring while provoking mixed feelings among crypto miners. The COVID-19 pandemic has left its mark on the industry as well, forcing dozens of pools to either switch off or shift their focus from Bitcoin, with its increasing mining difficulty, to less complicated altcoins that are trailing…

China’s Mining Dominance Unlikely to Last: Lopp

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China’s dominance in Bitcoin mining may not last as more mining chips are produced and other countries offer cheap power sources, said cypherpunk Jameson Lopp in a blog post.  Lopp noted China has a virtual monopoly on Bitcoin mining mainly because most of the facilities that manufacture of mining chips are in Asia and its cheap power. “Over the very long term I expect we will see semiconducter foundries outside of Asia begin producing more mining chips and countries with even cheaper power sources will continue to become more industrialized,…

Germany Begins Closing Down All Unlicensed Bitcoin ATMs

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Germany’s Federal Financial Supervisory Authority (BaFin), the country’s top financial regulator responsible for regulating crypto service providers, has begun actively closing down unauthorized bitcoin ATMs, a BaFin spokesperson has confirmed to news.Bitcoin.com. All Unauthorized Bitcoin ATMs to Shut Down German financial regulator BaFin has begun actively closing down all unlicensed bitcoin ATMs in the country. This followed Germany’s new regulation that went into effect in January, requiring crypto service providers to obtain authorization from BaFin. A spokesperson for BaFin told news.Bitcoin.com: Currently, BaFin is taking action to shut down all…

Facial Recognition Could Help to Stamp Out Bitcoin Social Media Scams

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Facial recognition can help prevent future Bitcoin (BTC) scams like those that hit Twitter and YouTube, said Rod Hsu, president and co-founder of virtual currency platform Coincurve.  During an interview with Cointelegraph, Hsu said Bitcoin is an electronic form of currency that is non-reversible and somewhat anonymous, “coupled with this gap in understanding makes it appealing for scam artists.” But because of the negative publicity the cryptocurrency got with the scams, it may have discouraged many from adopting it.  “Due to the nature of this, people may see scams and…

The Top 5 Trends Defining Crypto in Late 2020

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The cryptocurrency field is a place where everything changes in the blink of an eye. New technologies, key market players and trends shift much faster than in any other industry. From the current point of view, many exciting developments seem viable. Still, this chaotic industry can bring more opportunities within the upcoming months, and everything we’ve seen before will be surpassed by something truly outstanding. However, let’s quickly check in. The shift toward a cashless society One of the most society-redefining trends of 2020 came unexpectedly. Right after Christmas, the…

South Korean Highways Will Have Blockchain-Powered Toll Payments

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KEB Hana Bank, one of the biggest commercial banks in South Korea, reached an agreement with the state-backed highway operator, the Korea Expressway Corporation, to bring blockchain-based toll payments system across the nation’s highways. According to D Daily, the project is expected to launch before the end of the year. The system will connect KEB Hana’s smartphone banking app, Hana One Q, for motorists to arrange their toll payments, defer them, or even receive toll fee refunds. The report states that both parties involved in the deal reached to implement…

Hodler’s Digest, Aug. 3–9 – Cointelegraph Magazine

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Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. Top Stories This Week   The price of Bitcoin is facing its final resistance before $15,000 It’s been a (slightly) calmer week for Bitcoin — with the world’s biggest cryptocurrency managing to recover from the low $11,000’s in recent days. Now, the $11,600–$12,000 is a crucial level to break if BTC is to continue moving higher. According to Michaël van de Poppe, the resistance zone at $11,800–$12,000 is significant, as it’s the…

Crypto Artists and Investors Trusts NFTs to Transform the Art Industry

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Nifty Gateway, a leading marketplace for nonfungible tokens with the backing of the Winklevoss brothers, recorded its largest-valued auction to-date on July 23 when the digital artwork and NFT “Picasso’s Bull” sold for $55,555.55. The milestone comes as benefits of fractionalized ownership, decentralized provenance verification and the global liquidity pool enabled by blockchain technology are enticing both art creators and investors to explore NFTs. A surreal couple of days. #NFT art records broken by Picasso’s #Bitcoin Bull. Huge excitement & now followed on Twitter by people like @JWilliamsFstmed @tylerwinklevoss @APompliano…