Day: September 8, 2020

Consultancy firm to investigate blockchain transactions in QuadrigaCX case

boss

The Canadian law firm representing creditors of the defunct crypto exchange QuadrigaCX has hired consultancy firm Kroll to advance its investigation into $190 million lost in user assets in early 2019. As reported, controversy has engulfed QuadrigaCX following the death of its founder, Gerald Cotten, in December 2018, who had purportedly been the sole person with access to the exchange’s cold wallet holdings.  In a notice to creditors on Sept. 8, Miller Thomson said that Kroll will be working in collaboration with its strategic partner, Coinfirm, which specializes in blockchain…

DeFi Insurance is the Perfect Counter to Rug Pulls

boss

DeFi space users have always been affected by a fear of having a “rug pull”. However, insurance may become a cure in this situation. Despite the broader appeal of cryptocurrencies, there are still certain aspects that need to be addressed. Insurance is a topic that comes to mind on a regular basis in this industry. Given the recent number of “rug pulls” in the DeFi space, such solutions may not be an unnecessary luxury either. The Cryptocurrency Insurance Concept Engaging with crypto assets such as Bitcoin and others leads to…

Amazon and Tech Mahindra to Create Blockchain-Based PPE Supply Chain Solutions

boss

Indian based technology company Tech Mahindra announced today that it has partnered with US-based e-commerce giant Amazon Web Services (AWS) to deploy blockchain solutions using Amazon’s managed blockchain. The collaboration is billed to last for the next 12 to 18 months. The Economic Times reported that through the collaboration, Tech Mahindra will offer solutions for the aviation, telecom, and healthcare supply chain. This solution will include kit management for aviation and aerospace to effectively track and trace ‘kits’ as they are procured from multi-tier suppliers in the aviation industry. The…

New Bitcoin-stablecoin metric reveals ‘intense’ buy pressure — analyst

boss

A new Bitcoin (BTC) metric says that investors are still much more interested in buying than selling at $10,000. In a tweet on Sep. 7, Ki Young Ju, founder of on-chain analytics resource CryptoQuant, unveiled his latest tool for tracking Bitcoin investor sentiment. CryptoQuant: Bitcoin has “intense buy pressure” Dubbed “Potential BUY/ SELL Pressure,” the tool takes exchanges’ total BTC reserves and divides them by stablecoin reserves. The resulting number provides a rough impression of trader appetite, and it is currently skewed to the bullish side. “BTC still has intense…

Binance buys virtual property in blockchain game The Sandbox

boss

The cryptocurrency giant Binance has acquired virtual space within the blockchain gaming platform The Sandbox by buying 4,012 LAND tokens — each of which is a non-fungible token representing a piece of unique virtual real estate in The Sandbox metaverse. The Sandbox’s virtual world allows its users to own, create and monetize their gaming experiences using the native utility token of the ecosystem, SAND, as well as LAND tokens. Binance plans to use its LANDS to organize social gaming events such as NFT and game creation contests within The Sandbox…

Bitcoin Price is Going up, and Bitcoin Casinos Are Seeing a Great Increase

boss

2020 has been a strange year for many reasons, and as far as stocks, bonds, and other investments go, it’s been a rollercoaster. Bitcoin is a great example of the unprecedented falls and rises that investments have experienced this year. In February, it was riding high with a valuation of over $10,000. In March, it saw its value slashed in half, dropping to $5,000 and causing panic across the cryptocurrency sector. Once the dust settled and investors realized that Bitcoin could be a safe haven, it began to rise, eventually…

Nongfu Spring Lists on Hong Kong Stock Market, Shares Spike 85%

boss

Nongfu Spring raised over $1.1 billion through its IPO which was oversubscribed 1148 times. Its listing on the Hong Kong stock market makes it one of the biggest listings of 2020. On Tuesday, September 8, the Chinese bottled water giant Nongfu Spring made a debut on the Hong Kong stock market. The company received a spectacular response from investors with share price surging 85% in early trading. Nongfu Spring has been “one of the hottest” Initial Public Offering (IPO) ever on the Hong Kong stock market. The IPO price for…

Ripple (XRP) Price is About to See “Liftoff”, As Key Technical Breakout Emerges

boss

Ripple seems to be forming a strong support near $0.2295 against the US Dollar. XRP price is showing breakout signs and it could start a significant recovery wave above $0.2450. Ripple is up 2% and it cleared a major technical breakout pattern against the US dollar. The price seems to be forming a decent support base near the $0.2300 and $0.2295 levels. There was a break above a crucial bearish trend line with resistance near $0.2380 on the 4-hours chart of the XRP/USD pair (data source from Kraken). The pair…

Bridge Oracle IEO Launches with Bitcoin.com Co-Founder Mate Tokay as Advisor

boss

8th September, 2020, Kuala Lumpur, Malaysia – Bridge Oracle may very well be on the cusp of achieving the holy grail of the crypto-sphere: mass adoption. Between blockchain’s theoretical superiority based on hard code, and the nuanced language that is real life, it finally provides the means for the physical world to convey information to a form that blockchain programming can understand. On 15th September, Bridge Oracle will launch their IEO on bw.com, becoming the first public oracle system on the TRON network. This project has already allied itself with…