Day: October 2, 2020

Hyperledger’s Brian Behlendorf on Blockchain Interoperability, China’s BSN, ID2020 and CBDC

boss

Linux’s Hyperledger project, founded in 2015, has been advancing the open-source development of blockchains and related frameworks with the aim of improving the interoperability and reliability of blockchain technology for transactions in a variety of business sectors. Brian Behlendorf, head of the Hyperledger project, has spent a career working in the open-source software community, fighting for the freedoms of decentralized and open digital platforms. He is widely known as a founder of the Apache Software Foundation and has spent the last four years working for Linux’s Hyperledger project to bring…

Bitcoin Games Reveals Satoshi’s World Travel Plans, Offers Cashback, Free Spins, and Bonus Money

boss

Embark on an adventure like none other to win exciting prizes and have loads of fun in Bitcoin Games’ new promotion. Up to 15x Money Multiplier Bitcoin Games has been making new waves by not only bringing hot new popular casino games playable with Bitcoin & Bitcoin Cash but also packaging new promotions that offer major perks for the players. A new kind of casino adventure dishing out plentiful rewards has been launched by the casino. Satoshi’s World Travel is a promotion that sets players off on a journey taking…

Two Crucial Reasons Why DeFi’s Synthetix Network Token Is Nearing $5

boss

DeFi After a brutal past three to four weeks, DeFi coins are bouncing back. Synthetix Network Token (SNX), the native token of leading decentralized derivatives platform Synthetix, has gained 7.9% in the past 24 hours. The coin is now nearing $5 after spending some time under that pivotal price point. It seems that there are fundamental catalysts behind the ongoing rally in the cryptocurrency. Synthetix has seen positive technological developments with the introduction of layer-two scaling. Also, all of DeFi remains in a phase of growth, which means its biggest…

eToro Announces Staking Rewards for Cardano and Tron Holders

boss

eToro detailed that the rewards will be distributed among the users every month in supported cryptocurrencies for the previous month’s staking. Social trading and multi-asset brokerage company eToro announced new crypto services for its customers globally. According to the announcement, the company will offer staking rewards for Tron and Cardano holders and plans to add other digital assets in the future. “Staking is an important development in the crypto market but it’s difficult for people to access its benefits on a secure platform, which is what we’re enabling our global…

Majority of Crypto Exchanges Have Weak KYC Measures

boss

The world of cryptocurrency has long been the target of financial regulatory ire without the emergence of decentralized finance (DeFi) projects. This year inarguably goes to the DeFi sector, which has managed to lock in over $11 billion USD worth of assets, but is DeFi adding oil to fire? Blockchain analytic and security firm CipherTrace points out in a new report that 56% of crypto exchanges and trading platforms have weak Know-Your-Customer (KYC) measures in place which malicious actors and criminals will take advantage of. Just as financial authorities clamped…

Cosmos Gains Traction in India Amid Broader Crypto Resurgence

boss

As demand for bitcoin surges in India, especially in urban tech hubs, smart-contract platforms like Ethereum and others are also gaining momentum. Cosmos, promoted by the Switzerland-based Interchain Foundation, is especially finding traction with students like Aditya Nalini at the Vellore Institute of Technology in southern India. He’s one of four “ambassadors” trained by the community organization Cosmos India, founded in November 2019. The Cosmos India community grew from a handful people in 2019 to more than 1,000 participants in less than nine months, local organizers say, despite the pandemic.…

Ripple (XRP) Breaks Key Support: Indicators Suggest Fresh Test of $0.22

boss

Ripple failed to clear the $0.2450 resistance and declined sharply against the US Dollar. XRP price is now trading below the $0.2380 support and remains at a risk of a drop to $0.2200. Ripple is down more than 4% and it failed to clear the main $0.2450 resistance against the US dollar. The price is now trading well below $0.2380 and the 100 simple moving average (4-hours). Yesterday’s followed important bearish trend line is active with resistance near $0.2445 on the 4-hours chart of the XRP/USD pair (data source from…

Kucoin Hack: $17M Laundered Via Decentralized Exchanges, Blockchain Analysis Firm Claims This Can Still be Traced

boss

Elliptic says the Kucoin hacker has sold $17.1 million worth of tokens via decentralized exchanges (dex) platforms like Uniswap, Kyber Network, Tokenlon. The shift to dex applications comes after centralized projects came to the aid of the beleaguered exchange by blocking any cashing out of the hack related funds. For the past few days, the blockchain analysis firm says it has been seeing stolen tokens being swapped with censorship-resistant cryptocurrencies like bitcoin. Despite this change in tactics, Elliptic insists it has the technology that can still trace the movement of…

Bitcoin, Dow Futures Slid As Trump Tests Positive for COVID-19

boss

Bitcoin plunged alongside the US stock futures in early morning trading on Friday after Donald Trump revealed that he and his wife Melania tested positive for coronavirus. Tonight, @FLOTUS and I tested positive for COVID-19. We will begin our quarantine and recovery process immediately. We will get through this TOGETHER! — Donald J. Trump (@realDonaldTrump) October 2, 2020 Right after Mr. Trump sent the tweet, the White House released an official statement signed by the president’s physician, Sean Conely, that confirmed that both Mr. and Mrs. Trump had coronavirus. “The…