When the Sustainable Development Goals, or SDGs, were conceived back in 2012, blockchain technology was in its early days. Few could have foreseen the trajectory and the potential of blockchain for advancing these ambitious targets. But today, we see opportunities for blockchain technology to recast conventional approaches to sustainable development — and accelerate progress if deployed responsibly. Macro trends of 2020 There are a number of macro trends this year in the world of blockchain and sustainable development that provide context. This has been — and will continue to be…
Day: September 26, 2020
What price must Bitcoin reclaim for a renewed bull market in October?
Volatility was expected throughout the week regarding the expiration of a significant amount of futures. However, this didn’t really happen while the macro-economic environment also remains uncertain. A hack of a major cryptocurrency exchange on Sep. 26 didn’t influence the price at all, which is a positive signal for the markets and a positive signal for the market’s maturity. However, is this boring price action going to continue for Bitcoin (BTC)? Let’s take a look at the charts. Bitcoin still stuck in a range on the daily timeframe BTC/USD 1-day…
Kucoin Hacked for $150 Million in Bitcoin; Bitfinex and Tether Freeze $33 Million of the Stolen Funds
Cryptocurrency exchange Kucoin may have been hacked for $150 million in bitcoin and multiple ERC20 tokens. The Singapore-based exchange confirmed the September 25 security breach, but did not disclose the amount stolen. “Bitcoin, ERC-20 and, other tokens in Kucoin’s hot wallets were transferred out of the exchange,” said Kucoin in an update on Saturday. Meanwhile, Bitfinex and Tether, issuers of the centralized stablecoin USDT, immediately froze a combined $33 million worth of USDT suspected to be part of the funds looted in the Kucoin hack – an action that has…
Ant Group Launches Blockchain-Powered System to Help SMEs in Cross-Border Trade
Ant Group, China’s Alipay owner, has established a blockchain-enabled smart contract platform dubbed Trusple to assist small and medium enterprises (SMEs) in carrying out cross-border trade seamlessly. The blockchain system is touted to be a stepping stone towards assisting SMEs and banks hasten and secure the settlement and processing of orders. Securing cross-border trade Trusple is an open platform and is based on Ant Group’s blockchain technology called Antchain, which automatically produces a smart contract whenever buyers and sellers upload trading orders. In turn, the trading parties’ banks can process…
Childish Prince Harry and Meghan Markle Could’ve Had Everything
It’s widely accepted now that the way in which the Sussexes left the royal family did them no favors. The planned Sussex Royal brand went down the drain after their ill-advised initial approach to securing their freedom. Harry and Meghan look every bit the couple who have never really had to make decisions independently. It didn’t take long to figure out that the way Prince Harry and Meghan Markle had gone about their exit from the royal family was all wrong. As has been evident since their departure, this isn’t…
Bitcoin price unfazed after $150M hack of major exchange KuCoin
In an official statement, KuCoin Global CEO Johnny Lyu confirmed a major hacking attack on Sep. 26. The breach affected the firm’s Bitcoin (BTC), Ether (ETH), and ERC20 hot wallets, after private keys were leaked. Reports estimate the breach to have affected $150 million in user funds. Following the security breach, the price of Bitcoin barely moved, however. Other major cryptocurrencies, including Ether and decentralized finance (DeFi) tokens also remain relatively unfazed by the hack. A cryptocurrency exchange security breach historically led to market-wide sell-offs due to the fear of…
Best VPNs To Buy With Bitcoin & Cryptocurrencies
Cryptocurrency users are finding a growing need for quality virtual private networks (VPNs) to buy and sell their digital assets, as hackers’ eyes follow blockchains and present some danger. This article highlights how to buy seamless, cheap, and highly private VPNs using virtual assets including Bitcoin (BTC), Ethereum (ETH), and Monero (XMR). The world is gradually accepting Bitcoin and other digital assets as a form of payment, replacing the slow and expensive traditional financial systems providing enhanced security and anonymity. While the privacy agenda bonds well with both cryptocurrencies and…
Crypto Exchange Gemini Announces Support for 15 New DeFi Tokens
New-York-based cryptocurrency exchange Gemini has finally decided to include support for DeFi tokens looking at the latest frenzy around DeFi coins in the market. The decentralized finance (DeFi) craze is for real and has even many big players to participate in. On Friday, September 25, the New York-based cryptocurrency exchange Gemini announced support for 15 new DeFi tokens including some of the most popular ones like Uniswap (UNI) and Yearn.Finance (YFI). 1/2 Today, we have added new support for 15❗️additional #DeFi tokens. We believe in the potential of DeFi and…
Crypto Exchange Binance Blacklisted by Russia’s Telecom Censorship Agency
Russia’s telecom regulator Roskomnadzor has added Binance, the world’s largest crypto exchange, to the list of blacklisted websites in the country. The exchange was blacklisted on June 2, 2020, but Binance became aware of this only on September 24th, after receiving communication from Roskomnadzor. In an announcement on its Russian Telegram channel, Binance said it was included on the list of prohibited domains because its website includes information about the purchase and sale of crypto assets like bitcoin (BTC). According to Roskomnadzor, Russia’s Federal Service for Supervision of Communications, Information…
Bitcoin Is Primed to Decouple From Legacy Markets
Ever since February, Bitcoin’s price action has been largely dependent on that of legacy markets. Markets like the S&P 500, the U.S. dollar, and gold have strongly swung the directionality of BTC and the rest of the cryptocurrency market. The strong correlations that have formed have signaled to some investors that Bitcoin’s premise of being an uncorrelated asset is false. But according to Willy Woo, a prominent on-chain analyst, BTC may begin to decouple moving forward. Here’s more on why he thinks so. Related Reading: MicroStrategy’s Stock Continues to Soar After…