Research Firm: Cardano (ADA) Is One of the “Most Bullish” Crypto Assets

Aside from Bitcoin, Cardano (ADA) has rapidly become one of the most popular cryptocurrencies over recent weeks by investors and traders alike. The prominent altcoin, which has re-entered the top-10, has recently been subject to a strong boost. Data indicates that ADA is up 150% since the start of 2020, outpacing Bitcoin by around five times and other mainstream assets by many times more. Despite its already-strong outperformance, a top research firm in the cryptocurrency market has suggested that Cardano has room to run. Related Reading: Crypto Tidbits: Bitcoin Stalls…

Blockchain Technology Firm Bison Trails Announces Support for Ethereum 2.0

Blockchain technology firm Bison Trails announced its support for features of Eth2 ahead of Ethereum’s planned upgrade.  Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link

Korean Firm FLETA Teams Up with Chainlink’s Oracles to Boost Medical Research Using Blockchain Technology – Blockchain News, Opinion, TV and Jobs

FLETA is to integrate its blockchain into Chainlink’s network of decentralized oracles to provide trusted data to its decentralized applications (dApps), and develop a system that allows medical professionals to more easily share health records. Henry Hong, CEO of FLETA, said:  “Our blockchain’s scalability and the integrity of our smart contract data will be increased by utilizing Chainlink’s decentralized oracle network. Also, by deploying Chainlink’s oracle solutions, we can more easily apply blockchain technology to more varied fields in the future.” “With Chainlink, FLETA will develop many use cases beyond…

Head of Chinese Investment Firm Believes Blockchain will “Lead” China’s Economy, Here’s Why

China’s blockchain push seems never-ending, various governmental and financial officials of the country have, in recent times, spoken on the merits of blockchain technology and how a distributed ecosystem may help bolster the ongoing “fourth industrial revolution.”     Oncoming digital globalization   Dr. Xiao Feng, who serves as the VP of China-focused investment fund China Wanxiang Holdings, spoke at the M&A Summit in Shanghai last week, elucidating about blockchain technology as a tool to help realize the “digital globalization.”   In his keynote attended by investors and high-ranking officials,…

US Firm Announces Installation of 700 Mining ASICs With More on the Way

United States firm, Marathon Patent Group, announced that it installed 700 units of Bitcoin (BTC) mining application-specific integrated circuit, or ASIC, units. According to a June 3 announcement, Marathon Patent Group installed 700 Whatsminer M30S+ ASICs produced by MicroBT. The company is also reportedly waiting for a delivery of 1,160 AntminerS19 Pro units produced by leading mining ASIC producer, BitMain. In late March, Bitmain announced that it sold the first batch of Antminer S19s and S19 Pros within 24 hours after starting to accept orders. On June 1, the firm…

Crypto Firm Uquid Launches Marketplace- 30,000 Digital Products, Bitcoin Cash Support

On May 28, 2020, the digital currency and blockchain company Uquid has announced that the Uquid Shop is now live and accepting cryptocurrencies like bitcoin cash for payments. The team at Uquid has dubbed the market the “world’s biggest digital shop for crypto users is ready to launch with 30,000 digital products.” Crypto Firm Launches Uquid Shop: 30,000 Digital Products The company Uquid launched in 2016 is one of the earliest cross-border digital services with a blockchain-friendly payment system. The startup was one of three blockchain-based companies to be selected…

Blockchain Development Firm Raises Nearly $28M in Funding

Blockchain technology firm, LayerX, has raised about 3 billion yen (equivalent to nearly $28 million) to further blockchain adoption. The Japanese version of Cointelegraph reported on May 28 that LayerX raised the funds from venture capital firms JAFCO, ANRI, and Yahoo Group. JAFCO board member, Keisuke Miyoshi, commented: “Corona has exposed various issues in Japan. It is further accelerating [digitization]. Blockchain is not just a technology buzzword.” The news follows April reports revealing that most of the fundraising in the crypto space shifted from the Americas to the Asia Pacific…

Venture Firm Proposes ‘DeRisking as a Service’ for Safe DeFi Launches

Ken Deeter, a partner at crypto venture firm, Electric Capital, proposed a pragmatic approach to ensure decentralized finance, or DeFi, projects are not exploited due to bugs in the system. In an article published on May 27 through the Electric Capital blog, Deeter calls for DeFi projects to introduce “better risk management.” This largely comes as a response to the many hacks and protocol failures that occurred in recent months, like the temporary theft of $25 million from the dForce protocol. Deeter believes that DeFi should adopt some of the…

Venture Firm Proposes ‘DeRisking as a Service’ for Safe DeFi Launches

Ken Deeter, a partner at crypto venture firm, Electric Capital, proposed a pragmatic approach to ensure decentralized finance, or DeFi, projects are not exploited due to bugs in the system. In an article published on May 27 through the Electric Capital blog, Deeter calls for DeFi projects to introduce “better risk management.” This largely comes as a response to the many hacks and protocol failures that occurred in recent months, like the temporary theft of $25 million from the dForce protocol. Deeter believes that DeFi should adopt some of the…

Crypto Payroll Firm Bitwage Unveils Bitcoin 401(k) Product

Bitwage, a crypto startup aiming to bring the use of digital currencies into the mainstream has announced the successful trial of its Bitcoin (BTC) 401(k) employee pension account. This, according to a report by Coindesk, May 26, 2020. Bitwage 401(k) Tools to Aid Employers Bitwage today unveiled its Bitcoin 401(k) plan which will help employers meet the conditions devised by the U.S. government’s Paycheck Protection Program (PPP). The firm’s Bitcoin 401(k) plan will help companies that are having a hard time meeting the 75% payroll requirement set by the federal…