Monthly Archives: March 2020

StormX Announces Integration of StormShop For Their Mobile Users

A Seattle-based blockchain startup has launched a new cashback service to reward their iOS and Android consumers with cryptocurrencies. StormX has announced the integration of StormShop for its iOS and Android users, allowing them to earn cryptocurrencies back when they shop online, as the company has announced. The platform aims to improve the eCommerce experience for consumers and merchants, who offer up to 40% cashback in five different digital assets, including BTC, ETH, LTC, DAI and STORM. StormShop is complemented with StormPlay’s mobile app, which has attracted […]

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China Implements Blockchain Invoicing in Beijing for More Transparent Governance

The tax bureau of Beijing has announced its blockchain invoicing pilot application today for a more eco-friendly, convenient and transparent future governance. The tax bureau of Beijing has officially announced that it will start implementing blockchain invoicing within the city on March 2. Beijing hopes blockchain invoicing can bring more transparency to taxpayers Beijing aims to bring blockchain’s unique transparency, traceability and immutability to its future governance with the usage of blockchain invoicing. The official announcement said that: “To reduce taxpayers operating costs, save social resources, increase […]

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Bitcoin Cash Node Reveals Upgrade Plans for May and Difficulty Algorithm Research

On March 2, the developers behind the Bitcoin Cash Node project announced the team’s plans for the May upgrade and beyond. The programmers highlighted that the implementation was built to follow the longest chain, regardless of whether the Infrastructure Funding Plan (IFP) is voted in. Bitcoin Cash Node will also implement two new features planned for the May upgrade and there are plans to evaluate improving the Bitcoin Cash difficulty adjustment algorithm (DAA). Also Read: ‘A Drop-in Replacement for ABC’ – BCH Devs Release Bitcoin Cash Node […]

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DDoS Attacks on OKEx and Bitfinex Were Sophisticated, Possibly Related

2020 has already been remarkably eventful for the crypto industry, and security breaches are no exception. As the cryptocurrency industry continues to mature, security remains a major challenge. Over the last few weeks, a number of cryptocurrency exchanges — namely, OKEx, Bitfinex, Digitex and Coinhako — have experienced security breaches. Although the attackers apparently did not manage to steal any funds, one of the incidents resulted in a leak of Know Your Customer data. All of the breaches have reportedly been dealt with as of press time, […]

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Chicago Startup Fintank Aims to Launch a Crypto Self-Regulatory Organization

Chicago-based Fintech company FinTank looks to launch a national SRO to help the crypto regulatory scene. Chicago-based fintech startup FinTank aims to launch a national self-regulatory organization, or SRO, in the United States. Headed up by former Chicago Board Options Exchange, or CBOE, trader David Carman and partner George Vukotich, FinTank’s SRO “will help regulate the global crypto industry,” Carman told Cointelegraph. As much of the crypto world looks toward the U.S. regulatory scene, such an SRO could impact the crypto industry worldwide. Regulation is unclear in […]

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Ecuador’s Dairy Producer Joins to a Blockchain-based IBM Pilot Program

An IBM blockchain-based system has been implemented by an Ecuadorian dairy company to enable production processes monitoring. The Ecuadorian dairy producer El Ordeño has announced its integration into a Blockchain-based system, as part of a pilot program called IBM Food Trust, as announced in a press release. According to the IBM News Room, the company wants to use blockchain to monitor its TRU dairy products, incorporating a new packaging model which includes QR codes. By scanning the label with a mobile device, consumers will be able to […]

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Bitcoin On-Chain Analytics at Odds With Sub-$8K Bitcoin Price Forecasts

Crypto investor sentiment flipped bearish as Bitcoin price dropped by $1,500 last week but do on-chain analytics show a bear trend forming? At the start of February, the cryptocurrency market was doing fairly well with many altcoins pressing above their 2-year old descending trendlines and breaking above the 200-day moving average on astonishingly high volume surges that provided investors with double and triple-digit returns on a nearly daily basis. By Feb. 13, Bitcoin (BTC) was trading at $10,500 and bullish analysts forecasted that any day the $11,000 […]

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Rapper Dismissed of Securities Fraud Charges for FLiK ICO

A Georgia court has dismissed charges against the rapper T.I. for securities fraud in relation to his 2017 FLiK ICO. On March 3, District Judge Charles Pannell dismissed a lawsuit claiming securities fraud charges against rapper ‘T.I.’ for selling FLiK tokens for his company’s initial coin offering (ICO) during August 2017. The judge failed to find concrete evidence of securities violations or negligent misrepresentation as T.I. made no claims regarding the value of the FLiK tokens: “The plaintiffs have merely alleged that Harris encouraged his Twitter followers […]

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Tron’s Steemit Acquisition Exposes Delegated-Proof-of-Stake Centralization

The Steemit community is mired in controversy over the recent Tron takeover that managed to change the Steem blockchain’s governance. Steem witnesses attempted to soft fork the blockchain on February 24 to remove the powerful voting power Tron and Steemit hold. However, the soft fork wasn’t able to prevent the Tron takeover and Steemit community members are blaming Tron founder Justin Sun and three popular exchanges for gaming the outcome. Also Read: Ethereum vs Tron: Comparing Data, Defi and Stablecoins from Both Chains After Viral Tweet Tron’s […]

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Walmart Joins Hyperledger Alongside 7 Other Companies

Multinational retail conglomerate Walmart joined Hyperledger among eight new entrants announced during the opening day of the Hyperledger Global Forum 2020. Walmart has become the latest major conglomerate to join open-source blockchain consortium Hyperledger. Walmart is among eight new members to join the platform. The new members were announced on March 3 at the Hyperledger Global Forum 2020 in Phoenix, Arizona. Sanjay Radhakrishnan, the vice president of Walmart Global Tech, expressed excitement in joining the platform, stating: “We’ve seen strong results through our various deployments of blockchain, […]

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