Wright and the Kleiman estate will now put their arguments before a jury in January. Original
Craig Wright Trial Over a Fortune in Bitcoin Moved to 2021
Day: September 4, 2020
The Contenders for DeFi Throne
The growing interest in DeFi is unprecedented. It has pushed daily ETH transactions high, fueled by liquidity mining or yield farming. Stablecoin transactions are also a significant contributor. Realizing the potential and importance of DeFi, fintech firms are bringing more value, therefore more liquidity. The article will explore how well-positioned Ethereum is to draw more projects and who can dethrone it. Speed, Scalability, and Transaction Fees Ethereum Ethereum uses the Proof-of-Work consensus algorithm called Ethash. Though secure, it’s limited to 15-20 TPS, and it doesn’t scale well either – a…
Blockchain can shield banks from billion-dollar trade finance scandals, says exec
The pressure induced by the ongoing economic crisis, obsolete trade finance systems and mounting geopolitical tensions is pushing the international trade finance industry down a rabbit hole. To add to the already critical situation, recent trade finance scandals involving major players such as Hin Leong, ZenRock, Agritrade and Hontop Energy amounted to a loss of almost $6 billion that was mostly borne by banks. To limit their exposure to such threats, major banks like ABN Amro, Société Générale and BNP Paribas have withdrawn completely from this sector while others have…
Bitcoin may sustain $10K as gold nears ‘inflection point’ vs. stocks
Huge gains in stock markets despite the dire economic consequences of coronavirus may soon be a thing of the past, one analyst warns. In a tweet on Sep. 4, Mike McGlone, senior commodity strategist at Bloomberg Intelligence, said that gold may soon get the limelight as markets reach an “inflection point.” Strategist: fiat markets may soon face day of reckoning “In a battle of the bulls, we see greater potential endurance favoring #gold over the #Nasdaq,” he wrote. “The conundrum of monetary and fiscal stimulus lifting most assets may be…
V-Shaped Recovery From Bitcoin’s Biggest Drop Since March Unlikely, Say Analysts
Despite a slight bounce Friday morning, some analysts don’t expect bitcoin to chart a quick recovery from the double-digit price drop over the last two days. Original
‘Decentralized Reddit’ enables users to secure Twitter on the blockchain
Reddit-inspired social aggregation platform Discussions.app announced its expansion to the Telos network on Sept. 3. The first project to come out of the new collaboration will be a decentralized identity system, allowing users to record their accounts and contacts from Twitter and other social networks to the blockchain in the event of a block or ban. In the social-media age, users spend years growing networks and followers on various platforms, although this work can be destroyed by the sometimes arbitrary-seeming decisions of the networks. Discussions.app addresses this by allowing users…
New DeFi alliance to connect Eastern and Western DeFi markets
Amid the ongoing craze around decentralized finance, or DeFi, a blockchain startup in China is launching a global DeFi initiative. Conflux Network, a permissionless blockchain startup, has launched a new DeFi-focused association focused on international cooperation of major industry players. Called “Open DeFi,” the new alliance aims to connect Eastern and Western DeFi markets, uniting China-based blockchain leaders and global DeFi startups to streamline cross-border market growth, sustainability and innovation. According to a Sept. 3 announcement, the new alliance is supported by the Chinese government through the Shanghai Science and…
Twitch’s Surprise PS5 Tease Trolls With Cake On Your Face
Twitch’s Surprise PS5 Tease Trolls With Cake On Your Face CCN Markets – News and Op-Eds for The Next Generation Twitch leads on thousands during yesterday’s Chat’s Choice Awards stream with drawn-out PS5 troll, which turned out to be a cake. Twitch’s Surprise PS5 Tease Trolls With Cake On Your Face CCN Markets – News and Op-Eds for The Next Generation Source
United Nations FAO: Blockchain, IoT and Robotics Can Foster a Sustainable and Profitable Global Seafood Economy
In its latest report dubbed The State of World Fisheries and Aquaculture, the Food and Agriculture Organization (FAO) of the United Nations said it views disruptive technologies like blockchain, the Internet of Things (IoT), robotics, and automatic identification systems (AIS) as game-changers in making the global seafood sector more sustainable and profitable. Far-reaching opportunities The United Nations’ FAO believes that change is imminent in the seafood industry as blockchain will provide far-reaching opportunities like immutable storage and enhanced transparency. For instance, this cutting-edge technology can offer fishers more precise weather…
US legislators introduce bill for in-depth study of blockchain in commerce
A trio of United States House Representatives — two Democrats and a Republican — have officially introduced a new bill to spur more in-depth analysis of blockchain technology in Congress. On Sept. 1, Rep. Darren Soto (D-FL), Rep. Brett Guthrie (R-KY) and Rep. Doris Matsui (D-CA) introduced a new bill to the House, which was subsequently referred to the Committee on Energy and Commerce. The bill proposes to direct the U.S. Secretary of Commerce, in consultation with the Federal Trade Commission (FTC), “to conduct a study and submit to Congress…