Monthly Archives: September 2019

Hong Kong-Based Holding Company Appoints Huobi Exchange Founder as CEO

Huobi Group founder Leon Li has been appointed CEO, chairman of the board and executive director of the board of Pantronics Holdings Ltd. Huobi Group founder Leon Li has been appointed CEO, chairman of the board and executive director of the board of Pantronics Holdings Ltd. Changes at Pantronics A press release shared with Cointelegraph on Sept. 10 announced Li’s new roles at Hong Kong -listed holding company Pantronics Holdings Ltd. The 37-year-old Leon Li, who founded the global digital asset giant Huobi Group in 2013, will […]

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Oil Giants Hire Blockchain Startup to Manage Water in Bakken Fields

Major oil companies including Chevron, Exxon Mobil and Royal Dutch Shell have enlisted Data Gumbo to manage water in North Dakota’s oilfields using blockchain. A consortium of oil companies including Exxon Mobil, Chevron and Royal Dutch Shell looks to blockchain to manage water used in oil extraction in North Dakota’s Bakken oil fields. Oil and water As Reuters reported on Sept. 10, the Offshore Operators Committee (OOC) Oil & Gas Blockchain Consortium has awarded a contract to blockchain startup Data Gumbo to pilot water handling technology in […]

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Bitmain Launches Next Gen Miner as Bitcoin Hashrate Touches 100 Exahash

Last Thursday the China-based mining rig manufacturer Bitmain announced the launch of two new Antminers that offer hashrates between 53 to 64 terahash per second (TH/s). When the Antminer sale started on Monday, first batch devices sold extremely fast and Bitmain expects to deliver units by mid-November. Meanwhile, the combined SHA256 hashrate (BCH and BTC) has grown exponentially, touching 100 exahash per second (EH/s) on Tuesday. Also Read: Plans to Build $50M Bitcoin Cash Tech Park Revealed Bitmain Launches Two New Next-Generation Miners With Hashrates of 53-64TH/s […]

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Power Ledger Goes to Rural Australia to Trade Surplus Energy via DLT

Blockchain energy startup Power Ledger to launch first trial of P2P tech in rural areas of Western Australia to trade surplus energy on the blockchain. Australian blockchain energy startup Power Ledger has launched its first trial of peer-to-peer (P2P) energy trading technology in rural areas. Energy monetization for outlying settlements According to a blog post on Sept. 9, Power Ledger has launched pilots outside of a metropolitan area in Western Australia, intending to help outlying commercial settlements and farms improve the efficiency of their power grid and […]

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Startup Finds and Patches Vulnerability in Code for Facebook’s Libra

OpenZeppelin, a third-party audit firm specializing in cryptocurrency, has discovered and patched a vulnerability in the open-source code of Facebook’s Libra. Developers working for startup OpenZeppelin, a third-party audit firm specializing in cryptocurrency, have discovered and patched a vulnerability in Facebook’s Libra’s open-source code. The problem According to an article by Coindesk on Sept. 10, the crypto auditing firm found vulnerabilities in Move, which is a scripting language developed by Facebook for its stablecoin Libra. OpenZeppelin’s CEO Demian Brener said that the vulnerability would have enabled malicious […]

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Cryptocurrency Exchange OKEx Announces Support for ETC Hard Fork

Cryptocurrency exchange OKEx has announced support for Ethereum Classic’s upcoming Atlantis hard fork. Cryptocurrency exchange OKEx has announced support for Ethereum Classic’s (ETC) upcoming Atlantis hard fork. In a blog post published on Sept. 10, OKEx announced that the exchange will support ETC’s hard fork, estimated to take place between Sept. 12 and Sept. 13, 2019 at block height 8,772,000. OKEx warned in the announcement that during the planned period, users should deposit their ETC to OKEx in advance since the exchange will handle related technical issues. […]

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Lightning Labs CTO Confirms LN Vulnerabilities ‘Exploited in the Wild’

In order to avoid the risk of losing funds, Lightning Network users are advised to upgrade their LN versions. Following a recent warning on vulnerabilities on Bitcoin’s (BTC) Lightning Network (LN), a startup claims to have found instances of the vulnerability being exploited. Upgrade advised to avoid loss of funds Olaoluwa Osuntokun, CTO at LN-focused startups Lightning Labs and ACINQ, revealed the news in a brief statement on Linux Foundation’s domain on Sept. 10, claiming that there are confirmed instances of Common Vulnerabilities and Exposures (CVE) “being […]

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Coinbase Launches USDC-Based Initiative to Support DeFi Developers

Cryptocurrency trading platform Coinbase has revealed the USDC Bootstrap Fund, aimed at improving decentralized finance. Cryptocurrency trading platform Coinbase has launched the new USDC Bootstrap Fund aimed at the improvement of Decentralized Finance (DeFi). As the company announced on Sept. 10, Coinbase set up the USDC Bootstrap Fund to support developers who build DeFi protocols by investing USD Coin (USDC) directly in the protocol. Coinbase and payment startup Circle jointly launched their own stablecoin USDC in September 2018. Bringing more liquidity to DeFi protocols Bringing more liquidity […]

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Plans to Build $50M Bitcoin Cash Tech Park Revealed

At the Bitcoin Cash City conference in North Queensland, the CEO of Code Valley, Noel Lovisa, announced plans to build a $50 million dollar Bitcoin Cash tech park in the city of Townsville. The plan is to aggregate startup companies and there are more than 12 Bitcoin Cash focused startups already on board. Additionally, the BCH tech park creators aim to create a sister project with a mining and server facility built near the Kennedy Energy Park. Also Read: Emergent Coding, Adoption Incentives and Practical Use – […]

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Market Continues to Trade Sideways as Bitcoin Price Dips Below $10,300

The price of Bitcoin dips slightly below $10,300 as the market continues to trade sideways. Tuesday, Sept. 10 — Cryptocurrency markets continue to largely trade sideways with Huobi (HT) token being the only top-20 coin that is showing above-average gains. Market visualization. Source: Coin360 Bitcoin (BTC) saw an intraday high of around $10,390, while slowly trading downwards up to its current trading price of $10,204 according to data from Coin360. The world’s No.1 crypto is showing a small loss of 0.5% on the day. In a Twitter debate […]

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