Day: September 15, 2020

Filecoin: Understanding the Complex Crypto System Meant to Rival AWS

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Filecoin might be the most complex thing the blockchain industry has ever brought to market. The Web 3.0 data-storage project, funded by a $257 million initial coin offering that closed in September 2017, has been building out its technology ever since.  While Filecoin has been quieter than most over that time, Filecoin is currently wrapping up a very active incentivized testnet called Space Race. There are 1.5 million FIL tokens allocated to testnet participants, though it’s hard to assess the value of that offer when the company has refused to…

MiL.k, Bithumb and Yanolja Unite to Boost Crypto Adoption

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The crypto industry is no stranger to strategic partnerships, and to the string of previous alliances, we can now add a new trifecta. In this instance, the accord has been struck by blockchain rewards integration platform MiL.k, South Korea’s largest online travel agency Yanolja, and long-established crypto exchange Bithumb. As part of the new business and marketing partnership, each company will pool resources and share infrastructure to promote their respective services. MiL.k and Yanolja already have a degree of familiarity: since April, Yanolja members have been able to connect the…

DApps can now send push notifications to Ethereum wallet users

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An Indian startup has built a decentralized notification protocol dubbed Ethereum Push Notification Service (EPNS) allowing DApps to send push notifications to Ethereum wallet users. Speaking to Cointelegraph, EPNS founder Richa Joshi said that they developed the protocol after finding a striking similarity between how applications operated in the early days of the internet and how they operate on Web 3.0. She explained that Gmail or Orkut did not send notifications in their early days as they do now. Users would have to check back every time to see if…

BNP Paribas connects to major stock exchanges with DAML smart contracts

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BNP Paribas’ securities arm has partnered with Digital Asset to develop a number of real-time trade and settlement applications using DAML-based smart contracts, the firm announced on Sept. 15. The new DAML-driven apps will connect BNP Paribas Securities Services with major global stock exchanges like the Australian Securities Exchange, or ASX, and the Hong Kong Exchange, or HKEX. The apps will provide market participants in the Asia Pacific with real-time access to ASX’s and HKEX’s upcoming blockchain-based trading and settlement platforms. BNP Paribas will specifically connect to the ASX’s blockchain-powered equity…

Dow Jones and Nasdaq Jump on COVID-19 Vaccine News, Stock Rally

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As of midnight Eastern, Dow Jones Industrial Average futures were up around 300 points, or 1%, while S&P 500 futures jumped 1.2% and Nasdaq-100 futures gained 1.5%.  Last week was replete with corporate deals and positive COVID-19 vaccine news. Due to this activity, there appeared hopes battered stocks would recover and the rally began. On Monday, major market indexes rose. The S&P 500 (INDEXSP: .INX) rose 1.27%, or 42.57 points, to 3,383.54 after its worst week since June. The Nasdaq Composite (INDEXNASDAQ: .IXIC) added 1.87%, or 203.11 points. As a result,…

Key Reasons Why Ripple (XRP) Price Could Surge Past $0.25

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Ripple is recovering above the $0.2450 resistance against the US Dollar. The current technical structure suggests XRP price is likely to surge above $0.2500 and $0.2550. Ripple is slowly gaining bullish momentum above the $0.2450 resistance against the US dollar. The price is trading near the $0.2500 resistance, but it is above the 100 hourly simple moving average. There is a key bullish trend line forming with support near $0.2470 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could accelerate higher if it clears…

Bitcoin Revolution South Africa: Scam Claims Support by President Cyril Ramaphosa

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A bitcoin investment scheme called “Bitcoin Revolution South Africa” has been gaining much attention lately. Promoters claim that famous South Africans endorse this platform, including mining billionaire Patrice Motsepe, comedian and actor Trevor Noah, and President Cyril Ramaphosa. Bitcoin Revolution Invades South Africa The South African version of the Bitcoin Revolution scheme, simply called “Bitcoin Revolution South Africa,” has recently been heavily promoted, with paid reviews on reputable websites such as the Associated Press News. Promoters of this scheme claim that the platform is endorsed by famous South Africans to…

Bitcoin Cash Rallies 7%, More Upsides Likely If BCH Clears 100 SMA

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Bitcoin cash price rallied over 6% and it broke the $230 and $235 resistance levels against the US Dollar. BCH is likely to continue higher towards $250 if it clears the 100 SMA (H4). Bitcoin cash price is gaining momentum above the $235 resistance level against the US Dollar. The price is currently facing hurdles near $240 and the 100 simple moving average (4-hours). There was a break above a key contracting triangle with resistance near $233 on the 4-hours chart of the BCH/USD pair (data feed from Kraken). The…

Eastern Europe’s sixth-largest crypto service is a darknet market

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Blockchain forensics firm Chainalysis has found that darknet markets exert a disproportionate presence in Eastern Europe’s crypto sector. In an excerpt from Chainalysis’ 2020 Geography of Cryptocurrency Report, the firm asserts that Eastern Europe is responsible for “more global darknet market activity than any other region,” with the anonymous free market Hydra comprising the region’s sixth-largest crypto service. Regional shares of global darknet market transfer volume: Chainalysis The report estimates that Hydra generated more than $1.2 billion in crypto revenue between June 2019 and July 2020. The platform is among…

Curve, Aave, Synthetix and 7 others join Global DeFi Alliance

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Huobi’s decentralized finance (DeFi) consortium — dubbed the Global DeFi Alliance — has welcomed 10 new members — bringing its total membership to 15. The new members comprise DeFi heavyweights Curve Finance, Aave, Synthetix, Balancer, Loopring, Zapper, Zerion, Bitpie, Mykey, and CoinGecko. They join founding members Maker Foundation, Compound, NEST Community, dYdX, and Huobi DeFi Labs to explore “cross-border collaboration opportunities” and promote the development of the DeFi ecosystem. The Global DeFi Alliance launched one month ago, describing its mission as driving collaboration between decentralized finance projects from both the…