Day: September 16, 2020

Spadina Testnet to Run with Medalla Before Ethereum 2.0 Phase 0 Launch

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The Spadina testnet will be launched to avoid interfering with the progress made by Medalla. With an increased pressure on the Ethereum developers to deliver a successful Ethereum 2.0 as promised, the lead developers are leaving nothing at the chance. According to a blog post made by Danny Ryan, a core developer at the Ethereum Foundation, there will be a parallel testnet Spadina running alongside Medalla. Ryan wrote in the post: “We’ve therefore opted for a short-lived dress rehearsal that will run in parallel to Medalla later this month. Welcome…

Tezos Blockchain Tipped to Help Develop France-Backed Digital Euro

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With the Bank of France making its intentions to test out its digital currency in 2020, the selection of Tezos is one of the bank’s proactive measures in this regard.  The Tezos blockchain has been chosen by the French investment bank Societe Generale, one of the eight partners chosen by Banque De France for its Central Bank Digital Currency drive, as the favorite to help power the proposed digital Euro. Per the press release from Nomadic Labs, a functional research and development center in the Tezos ecosystem, the Societe Generale-Forge…

Tech Stocks Lead Surge in S&P 500 and Nasdaq on Tuesday

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The tech sector continues to push the markets higher on Tuesday along with better economic data coming out of China. The U.S. Industrial Production data for August shows 0.5% jump. On Tuesday, the broader markets on Wall Street showed renewed optimism gaining for the second straight on the backdrop of the strong economic data. The Nasdaq Composite (INDEXNASDAQ: .IXIC) gained 1.2% to close at 11,190 levels while the S&P 500 (INDEXSP: .INX) gained 0.5%. Similarly, gaining over 200 points during the trading hours, the Dow Jones Industrial Average (DJIA) managed…

CREAM Jumps 54% on Binance Listing; Major Dump Ahead?

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CREAM logged a sharp reversal rally on Wednesday as traders assessed its listing on Binance, the world’s leading cryptocurrency exchange by volume. The Malta-based trading platform will list CREAM/BNB and CREAM/BUSD trading pairs at 1300 UTC, per its announcement. That will enable users to effectively deposit and trade their CREAM tokens against Binance Coin and US-regulated stablecoin BUSD. CREAM/USD surged by almost 54 percent in just three hours of trading after the Binance listing. The pair hit an intraday high at $120.85. CREAM/USD hits fresh intraday high after Binance listing.…

This Crypto Startup Takes Bitcoin Advocacy to a Whole New Level

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Blockstack’s former head of growth, Patrick Stanley, is launching a complementary crypto company of his own, Freehold.  Much like the former Ripple CTO Stefan Thomas who founded Coil to build services related to XRP, Stanley now runs Freehold as an independent company within the token ecosystem related to Blockstack’s namesake cryptocurrency, STX.   Freehold kicks off today by opening enrollment for the first cohort of Freehold evangelists. This program literally pays newbies – in bitcoin (BTC) – for studying and saving in their own wallets. Stanley compared it to the Mormon…

Italian soccer club SS Lazio goes crypto with StormGain exchange

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Another major soccer club is entering the cryptocurrency industry by tapping a partnership with a cryptocurrency exchange. SS Lazio, an Italian professional sports club, signed a multi-year deal with crypto trading platform StormGain. Announcing the news on Sept. 16, StormGain said that it is now the “official crypto trading partner” of SS Lazio. According to the firm, the newly announced deal will enable StormGain and Lazio to boost fan engagement through unique giveaways like exclusive VIP suite hospitality at Lazio home matches. As part of the initiative, StormGain will be…

iTrustCapital Gains Investors Trust as Alternative Crypto and Gold IRA Platform, Registers Strong Growth

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As the post-pandemic financial markets stand on shaky ground, further worsened by the economic slowdown faced by almost all the nations has driven people to rethink their investment choices. As people look for more stable investments, non-traditional platforms like iTrustCapital have started to gain more attention. iTrustCapital, the leading alternative investment platform specializing in cryptocurrency and gold Individual Retirement Accounts (IRA) has reported a significant change in investment trends in 2020 as it achieved a milestone 10,000+ transactions. The platform attributes its latest achievement to investors switching their traditional securities…

Kevin Werbach: How Data Centralization Ends

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The next 10 years will witness the systematic manipulation of human life at a scale unrivaled in history. For all the recent controversies over privacy and surveillance, the real threat is ahead of us. Unless new approaches to online identity and data management take hold, both governments and private actors will move inexorably from knowing you to shaping you. Blockchain-enabled decentralization will develop as the only viable response to the iron logic of data centralization. Kevin Werbach is Professor of Legal Studies and Business Ethics at the Wharton School, University…

Robert Kiyosaki Says Bitcoin Will ‘Crash’ after COVID-19 Vaccine Is Found

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Kiyosaki has always been supporting Bitcoin. In August, he urged Twitter followers to buy the crypto before a “major banking crisis”. Now, while Bitcoin is gaining strength as a long-term investment, Kiyosaki calls the public to buy it again.  The world is now looking for the effective COVID-19 vaccine, with over 170 teams of researchers racing to develop the drug. The virus has seriously shattered economies worldwide, and some believe there will be even more negative consequences in the future. Robert Kiyosaki, the founder of Rich Global LLC and the…