Monthly Archives: June 2020

Skeptics Concerned Plustoken Scammers Plan to Dump $187M Worth of Ethereum

Crypto market skeptics and speculators are concerned about 789,000 ETH that started moving four days ago last Wednesday. The transaction was recorded by Whale Alert, and the $187 million worth of ether stems from the Plustoken scammers. On Wednesday, June 24, 2020, at approximately 9:46 a.m. (ET) the Plustoken scammers who have yet to be arrested, moved 789,534 ETH worth $187,847,550 USD at today’s exchange rates. Cryptocurrency traders are concerned that this stash of ETH will be dumped on numerous digital currency spot markets. Additionally, the Plustoken […]

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SIA and Quant Network Successfully Test Blockchain Interoperability

European payments platform SIA partners with Quant Network to establish blockchain interoperability solutions for financial institutions. SIA, a European payment services business, and U.K.-based technology company Quant Network successfully tested cross-blockchain interoperability between different protocols, SIA said. SIA and Quant Network first announced their partnership on June 5. Their aim is to work on cross-platform applications and services for banks and financial institutions. The partnership aims to integrate Quant Network’s blockchain operating system Overledger into SIA’s SIAchain infrastructure and enable interoperability. It hopes to bring solutions to […]

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What Recent Developments in the Fintech Space Mean for Our Future

There have been several significant movements forward for digital assets, and there are more to come. Here’s what to keep an eye on. The fintech industry has been changing rapidly. Digital assets, distributed ledger technology and central bank digital currencies are gaining momentum. Multi-trillion-dollar United States Federal Reserve System money creation has increased demand for digital assets, particularly Bitcoin (BTC). Banks, brokers, commercial lenders, investment advisors, private investment funds, family offices, mutual funds, fintech entrepreneurs, lawmakers and private citizens should take note of several developments in this […]

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Binance Completed Its Biggest Upgrade Ever and Says it’s 10x Faster

Binance has completed its biggest platform upgrade in two years, it’s getting the speed ready for the next crypto bull run. Binance just completed its largest upgraded on June 28, making the world’s largest crypto exchange faster, announced founder and CEO Changpeng Zhao, or CZ. Anticipating the next bull run  The trading platform has reportedly re-wrote all code and switched the matching engine to a new programming language. It’s said to be the biggest upgrade in two years. It could perform 10 times faster for traders for […]

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Federated Sidechains: $8M in BTC Stuck in Limbo, Analyst Says Action ‘Violates Liquid’s Security Model’

Liquid, the sidechain network developed by the company Blockstream, saw 870 bitcoins ($8 million) frozen in moderation queue due to a seizure from a number of the network’s functionaries. The founder of the Summa project, James Prestwich, explained on Twitter that the emergency 2-of-3 controlled 870 bitcoin “violates Liquid’s security model.” During the last year, the crypto firm Blockstream has been promoting its Liquid sidechain as “trustless,” even though many cryptocurrency proponents have criticized the federation of exchanges who call the network’s shots. For instance, the infamous […]

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Nonfungible Tokens Could Change the Way We Own Things

With the ongoing digitalization of the world, NFTs may become a very viable solution for tokenizing ownership and property. Blockchain technology is widely associated with the exchange of interchangeable digital assets, from payment systems like Zcash (ZEC) and Libra to platforms like Ethereum and Substrate, using what are known as fungible tokens. An item that is fungible is interchangeable with another identical item. Your dollar bill and my dollar bill, your Bitcoin (BTC) and my Bitcoin, are all worth the same amount. However, nonfungible tokens are not […]

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Experts Split on Practical Implications of Quantum Cryptography

Scientists in China managed to exchange a crypto key at a distance of over 1,000 kilometers, could this lead to hackerproof cryptography? Scientists in China were able to exchange an encryption key at a distance of 1,120 kilometers, this exceeds the previous best attempt by 1,000 kilometers. Crypto experts discuss whether this could have practical implications for the industry. Hackerproof cryptography? Quantum computers are scarecrows for the crypto industry for years, with some speculating that the advances in this technology will make all existing cryptography obsolete. This […]

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When Big Ben Rings: UK FCA’s Stance on Crypto Seen as Harsh but Fair

Most believe that the FCA’s latest efforts to monitor the U.K.’s crypto ecosystem are a step in the right direction. Recently, the United Kingdom’s Financial Conduct Authority released a detailed statement urging all local crypto business operators to register with the government watchdog by June 30. As part of the document, the regulator has made it absolutely clear that applications will need to have been processed, at the latest, by the end of the official grace period, which ends on Jan. 10, 2021, and failing to meet […]

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The Future of Peer-to-Peer Online Learning Amid the COVID-19 Pandemic

The coronavirus pandemic has shown the need for new innovative ideas in the delivery of education, and blockchain has a solution. The coronavirus pandemic is transforming the education sector as much as it is transforming various important aspects of our lives. The majority of teaching and learning has been transferred to digital platforms as many cities remain in quarantine or begin to ease lockdown restrictions. But the education sector will never be the same again. What is peer-to-peer learning Education is going through several developments and changes. […]

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Blockchain Expands in Advertising Industry, but Crypto Remains a No Go

Crypto has been left out of the advertising industry, but blockchain technology may be its ticket back in to innovate and change the space. Despite seeing substantial growth in popularity, topping Google search trends amid the recent halving, the coronavirus pandemic and mainstream coverage, the cryptocurrency industry has somewhat been left out of the advertising world by online ad networks, social media platforms and even national governments.  In 2018, Facebook banned cryptocurrency advertising amid the initial coin offering hype. Later that year in March, Google followed, banning […]

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