Day: August 13, 2020

Blockchain-Based Driving Licenses in South Korea Hit One Million Drivers

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Blockchain-powered driving licenses were made available as an option in South Korea in May.  Blockchain Digitizes South Korea  Since then, one million South Koreans have already leveraged this blockchain alternative, giving up their physical driver’s license. The blockchain-based driving license is offered to South Koreans, along with the PASS smartphone app, which is a transportation and travel app. Through the application, South Korean drivers can renew their digital licenses. As for non-permanent residents of the country, an English version of the license is offered as an alternative.  According to data from Statista, the number of South Koreans subscribed to the blockchain-based…

This Ransomware Comes With Its Own Affiliate Program

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Avaddon, a new ransomware-as-a-service, or RaaS, protocol, is the latest to jump on the crypto extortion bandwagon. Similar to ransomware from groups like Maze and REvil, the Avaddon project offers revenue-sharing for users who successfully deploy the software on unsuspecting victims. According to research by the cyber intelligence firm, DomainTools, RaaS development allows hackers to focus their efforts on malware development, rather than finding new places to deploy their attacks. Developers instead rely on third-party individuals who are looking to generate income by launching their own ransomware campaigns. Speaking with…

Ethereum Price Close to $400 Today, ETH Has Confidence

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On Thursday, the ETH price is up and the coin is trading at $396. The cryptocurrency is looking quite good and even confident. Analysis of Ethereum price today. Average commission for Ethereum increased by 17 times. Hash rate in the Ethereum network reached the highest level over 20 months. As we can see in the weekly chart, after breaking a long-term resistance line, the current rising impulse was stopped not far from fractal highs. This situation may be considered as a short-term correction. The key support as a correctional target…

Goldman Sachs Sells Off 9% Shares in Ripple-Backed MoneyGram

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Goldman Sachs has sold off 9% of its MoneyGram shares worth $6.5 million. The investment banking giant revealed this is an SEC regulatory filing this week. Goldman Sachs Group Inc (NYSE: GS) has sold approximately 9% of its shares in Ripple-backed payment and remittance service provider MoneyGram International Inc (NASDAQ: MGI). The sell-off was confirmed by Goldman Sachs (GS) in a regulatory filing with the Securities and Exchange Commission (SEC). The investment banking giant claimed it had sold over 14,000 shares of Series D preferred stock in MoneyGram between August…

Authorities in Iran Encourage to Invest in Oil, Winklevoss Disagrees

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The reality of the oil market didn’t discourage the Iranian president from trying to presell its 220 million barrels of energy to its citizens. Authorities in Iran are encouraging its citizens to get more involved in investments in the oil sector. This is despite the fact that oil has not performed well as an asset this year. The statement by the president of Iran, Hassan Rouhani, that was televised on Wednesday showed him say that the USD and gold were bad options for investors. He said that oil should be…

Ripple Still Wants to Become Amazon of Cryptocurrency World

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Ripple is keeping its longstanding dream of becoming the Amazon of the cryptocurrency world in 5 years to come. The firm is positive it will achieve this thanks to its unique products which can find uses in both government and privately-owned companies. Ripple Labs, the fintech company behind the development and issuance of the digital currency Ripple (XRP) coin is still aiming at its long term goal of becoming the ‘Amazon’ of the cryptocurrency world. First disclosed by Ripple CEO Brad Garlinghouse in an interview with CNN’s Julia Chatterly back…

Apple Set to Launch New ‘Apple One’ Services Bundles

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Along with the 5G-enabled iPhone 12, Apple plans to launch new services bundles platform called “Apple One.” Apple Inc (NASDAQ: AAPL) plans to launch a new services bundles platform called “Apple One” in October. Bloomberg reported that the new services bundles would include Video, News, Music, Fitness, and more. The bundle will also incorporate more services such as Apple News+, Apple TV+, Apple Music, Apple Arcade, and iCloud storage. These services will be available in different plans at discounted prices for customers. Apple One Services Bundles According to sources familiar with the…

Bitcoin News Roundup for Aug. 13, 2020

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With the price of BTC bouncing and ETH miners on the rise, CoinDesk’s Markets Daily is back for your news roundup! Bitcoin has shrugged off a drop to $11,300 for the third day running, possibly buoyed by gold’s recovery on Wednesday. The surge in profitability comes after rises in transaction fees and prices of the ether cryptocurrency. Coinbase will allow U.S. retail customers to borrow fiat loans against as much as 30% of their bitcoin holdings starting in the fall. YAM’s market cap fell to zero just minutes after the co-founder…

Why This Trader Expects XRP to Hit $0.75 in The Coming Weeks

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XRP’s price has been facing growing selling pressure, which has caused it to lose the momentum that was previously driving it higher It now appears to be well-positioned to see further short-term downside, as the cryptocurrency has been struggling to break above its resistance at $0.30 Despite this short-term weakness, analysts still believe that the token could be poised to see some notable upside in the coming weeks One trader is noting that its market structure suggests a sharp move up towards $0.75 is imminent in the near-term XRP has…

Tron and Waves Aim to Reach Mass-adoption of Inter-chain DeFi via Gravity

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Place/Date: San Francisco, CA, US – August 13th, 2020 at 4:00 pm UTC · 3 min read Contact: TRON, Source: Tron Together, Waves and TRON are using Gravity to connect their respective blockchains’ smart contract languages: Ride and Solidity. Gravity is a blockchain and token-agnostic oracle with a cross-chain communication network. TRON and Waves are establishing a bridge through Gravity which will allow both ecosystems to enhance access to services for two userbases. Decentralized Finance (DeFi) is a new movement that can revolutionize the way people work with capital and…