Day: October 16, 2020

New Service Matches Solo Bitcoin Miners With Mining Farms

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A first-of-its kind service wants to play matchmaker between big-scale mining facilities and individual miners looking for a hosting setup. Bitcoin mining company HASHR8 just launched its Compass platform, a search engine of sorts for individual miners to shop for a hosting facility to operate their mining hardware for them. While mining farms hosting solo miners’ machines is nothing new, Compass is the first service to create a product to sync miners with hosting providers. The initiative was born from a drive to keep Bitcoin’s hashrate distributed, and that starts…

Germany’s blockchain solution hopes to remedy energy sector limitations

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Distributed energy resources, or DERs, have the potential to disrupt traditional electricity markets. Therefore, it shouldn’t come as a surprise that innovative countries are looking toward emerging technologies that will allow DERs to transform entire energy economies. Germany in particular is interested in using DERs to drive its digital energy economy while also complying with the European Green Deal. As such, the Deutsche Energie-Agentur, also known as DENA — the main governmental group responsible for energy innovation in Germany — announced plans to trial a blockchain-based solution to construct a…

The TAO | A New Framework to Power the Web

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The internet has evolved significantly since its inception, spawning the creation of global protocols, frameworks, and new classifications of developers. This has resulted in centralization difficulties, unnecessary complexities, and diminished quality standards loaded with vulnerabilities. The Nexus Tritium, Amine, and Obsidian (TAO) Framework will uproot these historic flaws by recomposing digital relationships. This article provides an overview of the TAO Framework, recent Application Programming Interface (API) improvements, and associated benefits. As a new era emerges, many platforms are driving excessive emphasis on blockchain. It is often described as an exclusive…

Strong ODL and XRP Growth, 2020 ‘Was a Success’

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Ripple launched On-Demand Liquidity using XRP in 2018. Since then, the firm now has over 24 clients including Azimo and MoneyGram. Ripple CEO Brad Garlinghouse insisted that the company is committed to the XRP token as the “key behind RippleNet”. He was speaking in the opening keynote at the 2020 Swell conference. Brad confirmed that in the 3 years that RippleNet has been live, more than two million transactions have been completed with a nominal value of at least $7 billion. Ripple ODL and XRP were utilized in almost 20%…

PFE, BNTX Stocks Up, Pfizer Hunts for U.S Emergency Use Approval

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For the Pfizer and BioNTech coronavirus vaccine to be approved by the U.S. FDA, they will have to provide the regulatory body with at least two months of safety data. Shares of Pfizer Inc (NYSE: PFE) jumped approximately 2.19% during Friday’s pre-market to trade around $37.36, they continued their growth as the market opened. Now they are up 3%. On the other hand, BioNTech SE ADR (NASDAQ: BNTX) stocks jumped approximately 4.14% to trade around $94.12 during Friday’s pre-market. As the market opened, BNTX shares are 3.74% up. The tweak…

Apple Supplier Foxconn to Wade into EV Industry with ‘MIH Open Platform’

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The MIH Open Platform from Foxconn will further be relevant for a future upgrade of any auto part, offering what is described as a ‘Modular’ uniqueness. Taiwanese-based technological giant Foxconn Technology Co Ltd (TPE: 2354) is set to diversify its business interests into EV cars by launching what it called the MIH Open Platform. As reported by CNBC, Foxconn which is renowned for coupling most of Apple Inc (NASDAQ: AAPL) iPhones is set to stake its feet in the lucrative EV industry that is projected to be worth about $800…

Remdesivir Is Not as Potent with COVID-19 as Claimed

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The increasing rise in COVID-19 cases may further stir a boost in the demand for Remdesivir despite the WHO claims. The result of a recent study conducted by the World Health Organization (WHO) on Remdesivir has indicated that the notorious COVID-19 drug may not be as effective in reducing mortality rates amongst infected and hospitalized patients. As reported by CNBC, the WHO sanctioned research on Remdesivir which came barely a week after Gilead Sciences Inc (NASDAQ: GILD) published the result of its own study on Remdesivir. From the two results…

TD Buy Trigger Could Cause XRP To Rip Against Bitcoin

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Bitcoin has recently been picking up steam, stealing some of the capital and thunder from the DeFi trend and Ethereum. XRP, however, continues to lag behind both top crypto assets and linger sideways. According to the Bitcoin trading pair, however, Ripple could soon rip against the leading cryptocurrency by market cap and catch up against Ethereum after long trailing behind. TD 9 Buy Setup Prepares Ripple For Recovery Against Bitcoin And Ethereum, Revenge Against Tether Believe it or not, there was once a time when XRP had unseated Ethereum as…

Blockchain Bites: OKEx Freezes Withdrawals, DeFi Audits Queue, Nigeria Urges Crypto Adoption

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OKEx has frozen withdrawals, audit firms are experiencing a backlog of DeFi projects and the Trump administration is examining DLT for national defense. Top shelf Audit (back)logsCrypto code audit firms say they are swamped with decentralized finance (DeFi) projects. Three of the most well-regarded auditors in the space – OpenZeppelin, Quantstamp and Trail of Bits – told CryptoX’s William Foxley they are all booked until at least Q1 2021. For example, Quantstamp’s Juliano Martinez said the “high volume” of applicants has led to his company “rejecting lots of projects.” The months-long backlog…

Bitcoin News Roundup for Oct. 16, 2020

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With BTC dropping, OKEx halting withdrawals and Filecoin launching, CoinDesk’s Markets Daily is back for your latest crypto news roundup! While market sentiment may remain temporarily weak after the OKEx news, a price crash looks unlikely.   Withdrawals are suspended as a key holder is “out of touch,” preventing withdrawal authorizations. Nigerian authorities are developing a roadmap for the adoption of blockchain technology in public administration and payments on a national scale. Filecoin, designed as a decentralized alternative to Amazon Web Services, is now live as of block height 148,888, or…