Monthly Archives: July 2020

Blockchain Could Help to Boost Global Jobs Creation

The World Economic Forum believes that blockchain could contribute to a $365 billion savings by 2030 by reducing food loss and waste in the food supply chain. A report published by the World Economic Forum, or WEF, highlighted the critical role of fourth industrial revolution technologies. New technologies like blockchain could help stimulate growth by implementing “nature-positiveâ€� solutions following the COVID-19 outbreak. According to the “Future of Nature and Businessâ€� study shared with Cointelegraph, nature-friendly solutions could have the capacity to create 395 million jobs and generate […]

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A Hacker is Attempting to Sell a Las Vegas Hotel Database for Crypto

Data for 142 million hotel guests is being sold via the dark web. The MGM Resort suffered a massive data breach in 2019 that left 142 million hotel guests exposed. A hacker is now selling the stolen database for roughly $2,900. According to the information revealed by ZDNet, a dark web marketplace claims that data from 142,479,937 MGM hotel guests are on sale. Preferred payment is denominated in Bitcoin (BTC) and Monero (XMR). MGM Resorts confirmed the data breach, stating that they’re aware of the scope of […]

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Research Suggests STOs Are Better at Financing Startups than ICOs

Faculty at the Rotterdam School of Management argue that STOs are better for financing startups than ICOs. Thomas Lambert, Daniel Liebau, and Peter Roosenboom from the Rotterdam School of Management suggest that Security Token Offerings are better at financing start-ups than Initial Coin Offerings. Their research was published on July 14 via the University of Oxford Business Law blog.  The research paper pointed out that although ICOs and STOs are both issued on distributed ledgers, the idea behind an ICO is “value creation for a community. Utility […]

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Chainlink (LINK) Rallies as Market Cap Surpasses Litecoin and Binance Coin

Today Chainlink overtook Litecoin and Binance Coin as the 8th biggest cryptocurrency by market capitalization. Today Chainlink (LINK) surpassed Binance Coin (BNB) and Litecoin (LTC) in market capitalization. Data from CoinMarketCap shows LINK’s market cap surged to $2.86 billion as the price rallied 9% to $8.17. This brought the market cap above BNB and LTC whose market capitalization sits at $2.84 billion and $2.83 billion respectively. Although LINK price did not break its previous all-time high of $8.22, it surged 14% in the last 24 hours and […]

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A Panel of Experts See Bitcoin Averaging $12,948 by Year End

A panel of experts is predicting the price of bitcoin will rise to $10,337 by September before adding a further $2,611 to end the year at $12,948. The findings are drawn from a Finder Cryptocurrency Predictions Report for July 2020 and the latest figure is roughly $2,500 less than the price predicted in the April report. In the report, 28 panellists drawn from academia, crypto research firms, and hedge funds are also asked to give their sentiments about bitcoin. Some 50% of those surveyed believe now is […]

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South Korea Might Soon be Spending Billions on Blockchain Development

President Moon Jae-in wants to allocate billions of dollars to strengthen industry 4.0 technology. The South Korean government plans to invest over $48.2 billion in Blockchain and other Industry 4.0 technologies by 2025. The nation’s goal is to promote the digitization of all industries in the coming post-pandemic era. According to ZDNet Korea, President Moon Jae-in praised “several benefitsâ€� that the new industrial revolution could bring to the country. Moon elaborated: “The fourth industrial revolution and digital civilization are the future of humanity that has already begun. […]

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DeFi Will be an Integral Part of the Lives of Many, CEO of Crypto Exchange OKEx

Hao believes that DeFi can bring financial services to “the people who are currently excluded or underserved by traditional finance.â€� Decentralized finance (DeFi) will be part of the lives of many people in the future, according to Jay Hao, the CEO of crypto exchange OKEx. When answering Cointelegraph’s recent inquiry concerning the listing of Compound (COMP) DeFi protocol’s token on OKEx, Hao predicted that the importance of decentralized finance will grow in the upcoming years. He said that he believes “that DeFi will disrupt traditional finance not […]

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Bitcoin: More Than an Inflation Hedge

In May, billionaire hedge fund manager Paul Tudor Jones of Tudor Investment Corp. announced in a letter to investors that his fund is buying bitcoin futures as a hedge against “The Great Monetary Inflation.â€� In his letter, he argued that the $3.9 trillion (6.6 percent of global GDP) printed by central banks since February has the potential to trigger widespread inflation, once the global economy rebounds from the shocks caused by COVID-19. Bitcoin’s capped supply is one of its most well-known features, and it is regularly cited […]

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Japanese Banking Giant MUFG to Issue Its Own Stablecoin in H2 2020

Japan’s largest financial institution, Mitsubishi UFJ Financial Group, is planning to issue the MUFG token in the second half of 2020. Mitsubishi UFJ Financial Group, or MUFGt, the fifth largest bank in the world, is reportedly planning to issue its own digital currency in the second half of 2020. Initiated back in 2015, the digital currency project was originally designed to run on a blockchain network and facilitate instant peer-to-peer transactions. Following multiple delays, the initiative is now scheduled to be rolled out no later than 2020, […]

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This Platform Automates DeFi Yield Farming for Its Users

A newly launched DeFi platform promises to always find the best yield for its users by taking advantage of variable interest rates and reward schemes. A new decentralized finance platform is set to ride the yield farming wave by automating the process of finding the most efficient opportunities for its users. The platform, Rari Capital, automatically moves user funds to the highest yield platform. At launch, Rari plays only with the yield differences between Compound and dYdX, constantly rebalancing between one and the other as their dynamic […]

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