Day: August 18, 2020

The Purpose Behind the LKS Foundation: A Blockchain-Inspired Organization

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The LKS Foundation is an Italian non-profit foundation that aims to promote initiatives that use the principle of sharing information through blockchain technology and spread the culture of fintech to innovate in sectors such as crowdfunding, ICO, and decentralized finance technologies. The Foundation’s President, Federico Olivo, is chairman and co-founder at Vistra SRL, a company specialized in offering consult and training services on Quality, Health, Safety and Environment (QHSE). With over 20 years of experience, Federico has a background in entrepreneurship, management, process mapping, and optimization; offering a unique perspective…

Blockchain Analytics Firm Elliptic Extends Monitoring Solutions to Cover Binance Chain and BNB

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Blockchain analytics firm Elliptic recently extended its crypto risk monitoring solutions today by adding the Binance Chain blockchain platform and its native crypto, Binance Coin (BNB). By adding Binance Chain and Binance Coin to Elliptic’s monitoring operations, Binance and other cryptocurrency exchanges that have listed the BNB token can improve accuracy in detecting suspicious activity on the blockchain. Navigator and Lens, Elliptic’s crypto transaction, and wallet monitoring solutions will enable automated compliance monitoring for BNB. Elliptic will also be able to provide crypto compliance monitoring to issues using the Binance…

Grayscale Commences Public Trading for Bitcoin Cash (BCH) and Litecoin (LTC)

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Grayscale Investments revealed its Bitcoin Cash Trust (BCHG) and Litecoin Trust (LTCN) are available for public trading. The move comes after the crypto hedge fund giant obtained Depository Trust Company (DTC) eligibility for the two products. Bitcoin Cash and Litecoin Shares Available to the Public  The leading asset management company made the announcement via a press release on Monday (August 18, 2020). According to Grayscale, Bitcoin Cash and Litecoin bring the total number of publicly-traded trusts to six, the others being Bitcoin, Ethereum Classic, Ethereum, and Digital Large Cap Fund.…

Monero-Mining Death Metal Band from 2077 Warns Humans on Lizard People Extinction Scheme – Cointelegraph Magazine

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“Thank you for calling the Clinic of Advanced Biological Computing, this is Dr. Elliott Fisher.” So began the strangest conversation I’ve had as a journalist, with a time-traveling group of Monero-mining musicians from the year 2077. A couple of months ago, Andrew Fenton wrote a story for Cointelegraph Magazine on crypto-related conspiracy theories. That story, and in particular the artwork that accompanied it, caught the attention of Fisher and his three colleagues — lead singer and linguist Professor Lee Shoar, engineer Keith Gubbins on bass, and mathematician Sir Anthony Calise…

3 Key Reasons Why DeFi Giant Yearn Finance (YFI) Rallied to $12,800

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Yearn Finance (YFI) launched just a month ago and since then the yield aggregating platform’s total value locked has climbed to $611 million. In the last three days, YFI price climbed to $12,800, a nearly 330% rally since the price bottomed at $3,005 on Aug. 13. Three key factors appear to be behind YFI’s recent rally: the release of yinsure.finance, hype fueled by industry executives, and the continued explosive growth of the decentralized finance sector. YFI/USDT 4-hour chart. Source: TradingView.com Yinsure.finance launches On Aug. 17, the development team behind Yearn…

Excessive Flooding in Sichuan Causes 20% Hashrate Losses for Chinese Bitcoin Miners

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Torrential downpours of nonstop rain have been wreaking havoc in China’s Sichuan province, which has caused some operations to shut down ASIC mining devices. Reports from the region show that certain areas have seen electrical shortages and the aftermath is causing quite a bit of stress for Chinese bitcoin miners. Not too long ago, news.Bitcoin.com reported on the rain issues in Asia, as a myriad of countries have been dealing with the crazy 2020 monsoon season. Our newsdesk also reported on the alleged problems with the beleaguered Three Gorges Dam.…

Counos U Stable Coin Listed With Swiss ISIN No. and Backed 100%

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Counos U: A New Means of Payment is Conquering the World Being able to pay with one currency and get a return has never been seen before and will conquer the world in no time. Counos U is 100% backed with dollars and has a fixed value of $100. To ensure this, a specially developed vehicle is built. This vehicle secures the deposited dollars. That is 4 trustees, a Swiss bank, and seven other lawyers. This ensures that every Counos U is 100% backed with US Dollar, not as with…

Look Out Below: How Far Can The Chainlink (LINK) Crash Go?

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Chainlink’s bullish momentum hit a brick wall at $20 per LINK token, causing the previously unstoppable asset tumbling by as much as 25% in two days. After over 5,000% returns over the last two years, profit-taking may have only just begun. Now that Chainlink has started to fall, how deep can the correction go? 25% Crash In 48 Hours: Is The Unstoppable Chainlink Rally Coming To An End? The cryptocurrency market hasn’t been the same since Chainlink entered the game. The altcoin went from relatively unknown, to nearly unseating Ripple…

Samsung Launches New ‘Samsung Pay Card’ in UK

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Powered by Curve, Samsung Pay Card is now available to customers in the UK. Users can earn 5% on purchases from Samsung’s website. Samsung Pay Card is now available to customers in the UK. The new Samsung Pay Card is created in conjunction with MasterCard and powered by London-based fintech company Curve. The digital card collates all of a person’s debit and credit cards from different banks, making them available through Samsung Pay. With the payment card, Samsung hopes that users will have more control over their spending. Samsung Pay Card…