Day: December 3, 2020

Insiders Optimistic of How Fast Eth2 Will Unfold, Lubin Reveals

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Speaking at the Asia Pacific Conference 2020, Lubin hinted that the next phase of the Eth2 may be rolled out in 9-12 months from now.  The upgrade of the Ethereum blockchain to enable the network to process more transactions and to improve on efficiency, speed, and scalability through a project identified as Eth2 has been said to certainly be a success. According to Joseph Lubin, an Ethereum contributor and the founder of ConsenSys, Eth2 will very soon absorb Ethereum 1.0 after revealing that people within the Ethereum network are very…

Dangers of hosting your own Eth2 node, explained

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Allnodes can offer an affordable alternative to doing everything yourself, reducing the risks of financial penalties and slashing. The company offers an intuitive user interface, and two easy-to-understand hosting plans to ensure that customers can make an informed decision. This is coupled with support teams who are online 24/7, all year round, and free node maintenance with instant and unlimited upgrades. Validator keys are given multi-level protection to prevent them from being stolen and lost, and all of this is achieved while ensuring that only users have access to their…

Bitcoin Bulls And Bears Reach Standoff, BTC Consolidates Below $20K

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Bitcoin volatility earlier in this week reached some of the most explosive price action in the asset’s history. In just a four hour window, the cryptocurrency rose and fell more than $1,000 each way, gyrating back and forth as buyers and sellers attempt equilibrium. But after that powerful surge, indecision is showing through a reduction in volatility, and a tightening trading range. Bulls and bears are both in a standoff at this point, and either a drop is near, or $19,500 will finally give in as resistance. Here’s a look…

First Stop for Quality Cryptocurrency Projects

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The strides of the MXC Exchange became pronounced as it comes off as the first to list the xx coin, the official native digital currency of the xx network. There appears to be a new Sheriff in town and that is MXC Exchange, a digital asset exchange that came as a product of collaboration between senior quantitative trading teams from Wall Street, Europe, and Japan. The coming of the MXC exchange has introduced a new paradigm to the crypto space with respect to the prompt tagging and listing of notable…

What does VCOIN’s SEC authorization mean for securities law and crypto?

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As Cointelegraph reported two weeks ago, the Securities and Exchange Commission put out a rare no-action letter in defense of IMVU’s new blockchain-based VCOIN. VCOIN is only the third digital token to get such legal protection from the U.S. securities regulator, which makes it an exciting development. The SEC has been extremely active in punishing initial coin offerings that it views as unregistered securities offerings, but it has been more reluctant to define what does not count as a security — a problem that Commissioner Hester Peirce noted just last…

Kraken pledges $150,000 to Ethereum devs in latest Gitcoin Grants Round

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The Kraken cryptocurrency exchange announced that it would match $150,000 in donations to support open-source Ethereum projects on Gitcoin. Gitcoin is a developer-funding platform relying on a hybrid model of sponsored donations and direct community support. Through its quadratic funding model, community donations are used as guidance to identify the projects that should receive the most matched funding. The quadratic formula ensures that separate contributions are weighted more than a single large donation. For example, two people donating 1 Dai will result in a much higher match than just one…

S&P Dow Jones launching crypto indexes in 2021

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S&P Dow Jones Indices — a joint venture between S&P Global, the CME Group and News Corp — will debut cryptocurrency indexes in 2021, it has confirmed. In a press release on Thursday, S&P DJI describes Bitcoin (BTC) and altcoins as an “emerging asset class.” Bitcoin and altcoins hit Wall Street finance The firm will partner with Lukka, a U.S. blockchain data provider, to launch the indexes, which will cover a reported 550 cryptocurrencies. “With digital assets such as cryptocurrencies becoming a rapidly emerging asset class, the time is right…

Kraken Exchange to Offer First Grants for Open-Source Ethereum Projects

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Kraken has announced it will help fund open-source Ethereum projects in a first for the U.S.-based cryptocurrency exchange. In a blog post Thursday, Kraken said it will collaborate with Gitcoin, an Ethereum-based platform for community fundraising, to reward developers building the blockchain’s “most essential software.” The exchange will match up to $150,000 in donations made in Gitcoin’s “Ethereum Infrastructure Tech” category in the eighth round of Gitcoin Grants. From Dec. 3–18 developers and teams who meet their funding goals via Gitcoin will be eligible to receive a matching grant from…

Alibaba-Backed Cainiao and Ethiopian Airlines to Export China’s COVID-19 Vaccines

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According to the details provided by Cainiao, the shipments are expected to be delivered globally within 72 hours to ensure efficiency. As most coronavirus vaccines enter late-stage trials, different countries are aligning themselves to facilitate the vaccination process. Apparently, China through Alibaba-backed Cainiao has teamed up with Ethiopian Airlines to kickstart the vaccines cold chain. According to the media outlet TechCrunch, Ethiopian Airlines will work to distribute China’s coronavirus vaccines, especially to countries closely linked to China. “We are currently in discussion with some domestic COVID-19 vaccine manufacturers and international…