Monthly Archives: April 2020

Facebook’s Calibra Team Outlines New Byzantine Fault Tolerance Testing Methods

Calibra has outlined a new technique for testing a protocol’s Byzantine fault tolerance. Facebook’s Calibra team have published a research paper outlining a new method for Byzantine fault tolerance, or BFT, testing. Dubbed “Twins”, Claibra’s innovation comprises a lightweight method for testing a network’s BFT implementation. Calibra pioneers BFT testing strategy The paper asserts that while BFT systems “have seen extensive study for more than two decades,” the field “lack[s] a principled strategy for testing BFT implementations.” The testing method runs two instances of a node with […]

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One-Man Crypto Company Crushed by Netherlands’ AMLD5 Implementation

A one-man crypto savings platform has announced it will cease operating amid Holland’s implementation of Europe’s AMLD5 anti-money laws. Dutch Bitcoin (BTC) savings platform, Bittr, has decided to cease operations ahead of Holland’s introduction of the EU’s AMLD5 anti-money laundering, or AML, regulations. Bittr’s closure follows criticism of the Netherlands’ implementation of AMLD5 — reportedly resulting in crypto firms incurring greater fees than credit card companies and traditional trusts. Dutch AMLD5 Forces Closure of Bittr Bittr’s founder, Ruben Waterman, posted on April 22 that the platform will […]

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WeBank Ranks Third in Blockchain Patent Filings For 2019

WeBank is the only bank ranked in the top 10 Global Banking Patents Rankings. China-based digital bank, WeBank, rose to third place for number of Blockchain patents filed globally in 2019. Alibaba and Tencent took the first and second places respectively. According to the report published on April 24, the digital bank has climbed from fifth place to third after filing nearly 632 patents in 2019. 80% of them were related to technologies like blockchain, AI, cloud computing, and big data. Blockchain patent categories WeBank’s patents have […]

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Multicoin Capital Partners Explain How They Invest in Crypto Startups

Multicoin Capital partners reveal their investment process. According to Coinopsy.com, over 1,500 cryptocurrencies have collapsed in the past eight years. With so many failures, what is the best way to determine which projects are worth investing in, and how can these projects be found? CEO of Civic, Vinny Lingham, and co-founder of Multicoin Capital, Kyle Samani, joined the latest episode of Cointelegraph’s crypto markets show to explain how they search for and assess crypto investment opportunities. They also discuss how COVID-19 is shaping the role of crypto […]

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Digital Yuan to Fuel China’s Economic Reign – McDonald’s, Starbucks, Subway Test PBoC’s Cryptocurrency

China’s economy is the second-largest in the world and economists believe the country may someday bring a new global order and end the Western hemisphere’s financial rule. In 2020, various reports show that China’s central bank will soon release a cryptocurrency that represents a digital yuan. This week, regional reports show that 19 well known restaurants including Starbucks, Subway, and McDonald’s will be testing the bank’s virtual currency. China’s Digital Yuan Is Becoming a Reality Reports this week detail that the People’s Bank of China is making […]

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Mysterious Poloniex Downtime Prompts Community Frustration

Cryptocurrency exchange Poloniex experienced unscheduled downtime before resuming trading for all its pairs but GRIN/BTC. Cryptocurrency exchange, Poloniex, experienced unscheduled downtime on April 24 before resuming trading for all pairs except GRIN/BTC. Poloniex announced in a tweet sent that the exchange had to halt its activity due to an unexpected issue. Interestingly, the exchange warns users that it does not intend to resume the trading of the Grin (GRIN)/Bitcoin (BTC) pair, which is apparently the root of the malfunction. Poloniex resumed activity before going into maintenance mode […]

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Binance Sees 2,000% Employee Increase in Under 3 Years

Binance recently broke the 1,000 employee mark, showing tremendous growth since its ICO. Major crypto exchange, Binance, now has over 1,000 employees, showing tremendous company growth since its 2017 start. “When Binance first started in 2017, there were under 50 people,” Binance co-founder, Yi He, told Cointelegraph on April 23. “We have more than 1,000 employees today (currently at 1,002 and counting; we are welcoming new hires almost every day).”   Binance kicked things off less than three years ago Binance conducted its ICO in July 2017, garnering $15 […]

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Pascal Coin (PASC) Halving in About a Week (Block #420480)

Pascal Coin (PASC) is not a new crypto project, it has been around for a while already and is getting very close to its second block reward halving (it is halving every 2 years, not four like Bitcoin). You can say that PASC had its prime in early 2018 and lately it seems to be loosing traction, even though the project itself has some really good advantages and features available. We also haven’t been following it actively for more than a year already, but the upcoming second […]

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Price Analysis 4/24: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, LINK

Bitcoin is close to breaking out of its overhead resistance. This has resulted in strong price action in some altcoins, which suggests that the investor sentiment is bullish. The total crypto market capitalization has bounced from just below $200 billion on April 22 to over $214 billion at press time. This is a positive sign as it shows that the sentiment is to buy the dips. If the market capitalization rises above $217 billion, it would open the gates for a rally to about $250 billion. A […]

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Crypto Firms Brace as World Bank Predicts 20% Crash in Global Remittances

The World Bank predicts global remittances will decline by one-fifth this year, offering a poor outlook for cross-border crypto remittance firms. The World Bank has predicted that the global remittance industry will retract by 20% amid the global economic slow-down resulting from the coronavirus pandemic. With a plethora of crypto firms targeting the remittance sector, the news may comprise a poor omen for many blockchain firms seeking to gain a foothold in the cross-border payments industry. World Bank predicts record slump in remittances On April 22, the […]

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