Day: October 6, 2020

RIF BTC-ETH Bridge to Open DeFi Products to The BTC Community

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The RIF BTC-ETH bridge was developed by the RSK team and it serves as an interoperability bridge that locks the original token such as DAI on the Ethereum blockchain while minting an ERC777 ‘side token’ that can move freely on the RSK network. The RSK Infrastructure Framework (RIF) development team has launched the DAI stablecoin coin through the BTC-ETH bridge dubbed the RSK-Ethereum token bridge. According to a press release issued by the RSK Network, one of the most secure smart contract platforms in the world, the RIF BTC–ETH bridge…

Puma Sees 3% Plunge in Shares as Kering Sells Out Part of Its Stake

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The hope of recovery may force Puma to engage in more sponsorship deals with sports unicorns as well as by modeling its current partnerships with celebrities. The shares of Puma SE (ETR: PUM) took a plunge in the early trading hours on Tuesday following news that Kering SA (EPA: KER) sold about 5.9% of its share capital in Puma, in a deal valued at approximately €655.6 million, corresponding to a selling price of € 74.50 per Puma share. According to the official release from Kering, the Puma shares sell-off will…

Do Meghan Markle & Prince Harry Actually Need the British Press?

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Meghan Markle is currently tangled up in a ridiculous lawsuit against a major British media outlet. However, we all know that the media in Britain is akin to oxygen for this couple. They need it to survive and pay the mortgage. America is losing interest fast, which ironically means the British media is the couple’s lifeline. The dislike that both Meghan Markle and Prince Harry have for the British press is well known. Hell, Meghan’s court battle with Associated Newspapers looks set to be one of the few entertaining aspects…

$1 Bitcoin investment beats gold and stocks despite 2020 gains

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Bitcoin (BTC) still beats gold as an investment in 2020 despite the precious metal generating its biggest returns in a decade. In a knock to gold bugs, data shows that despite gold’s run this year, Bitcoin still trumps every macro asset when it comes to investment profits. Bitcoin “quietly eating the financial world” Fresh off its second best quarterly close on record, Bitcoin is up almost 50% in 2020, while gold has managed just half of that — 25.6%. The S&P 500, an index with which Bitcoin has shown considerable…

DBS and Standard Chartered to launch blockchain platform to curb trade finance fraud

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The Singapore-based multinational banking entity DBS and Standard Chartered have completed the proof-of-oncept of their blockchain trade finance platform called the Trade Finance Registry. The two entities developed the PoC in collaboration with 12 other banks on top of the blockchain platform of Singapore-headquartered company dltledgers. dltledgers told Cointelegraph that the banks involved in the project now intend to launch the platform for commercial use by central banks around the globe. While the platform will first be used by the Monetary Authority of Singapore, the entities involved in the project…

Antivirus Software Pioneer John McAfee Indicted for Tax Evasion in U.S.

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John McAfee is now facing accusations of failing to file U.S. tax returns for the period 2014 to 2018. The U.S. Washington Justice Division has revealed that John McAfee was charged for not disclosing the millions he allegedly got from cryptocurrencies, consulting jobs, speaking engagements, and the sale of the rights to his life story documentary. He also failed to disclose significant assets such as a vehicle, a yacht as well as real estate properties that exist in other people’s names. Following the arrest of McAfee in Spain, the federal…

Port of Rotterdam testing blockchain and AI for renewables trading

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The Port of Rotterdam’s blockchain subsidiary, Blocklab, has been trialing a decentralized electricity trading system to help lower costs and optimize the use of renewables on its microgrid. The system, called Distro, has been jointly developed by Blocklab and S&P Global Platts, and has been operational as a trial for two months. Distro uses blockchain technology, smart contracts, and artificial intelligence to support the decentralized and high frequency trading of renewable energy by commercial consumers looking to optimize and manage their energy use. It matches demand with the intermittent power generated from…

Members of Congress Start Blockchain Education with $50 Dollar Bitcoin Donation

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Members of the United States Congress will receive a $50 campaign contribution in Bitcoin today, as part of a new initiative by the Chamber of  Digital Commerce PAC, to educate lawmakers on the potential of blockchain technology. Crypto for Congress is an initiative to provide all 535 Members of Congress with a hands-on experience with cryptocurrencies – starting with a $50 bitcoin donation from the Chamber of Digital Commerce PAC – that will empower them to set up a wallet, receive and send their first cryptocurrency. The initiative was formed…

SushiSwap (SUSHI) Vies for Buyers as Liquidity Pool Loses Out $1.13B

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There is nothing delicious about SUSHI anymore. The SushiSwap decentralized exchange’s governance token continued on its downtrend as its price fell another 15 percent in the new week. As of 1130 UTC, SUSHI/USD was trading at $0.75, down 94 percent from its record high at $12.48, a level achieved on September 1, 2020. Trust Issues The SushiSwap liquidity pool also suffered a major blow. The total valued locked (TVL) inside it plunged from $1.428 billion on September 12 to circa $289 million as of today. That marked withdrawals of almost…