Monthly Archives: September 2020

Band Protocol CEO says that a single Chainlink data request costs $450

Band Protocol is about to give Chainlink a run for its money on Ethereum. Band is one of Chianlink’s main competitors in the oracle space that is based on Cosmos technology. In a recent Cointelegraph interview, Soravis Srinawakoon, the CEO of Band Protocol, said: “If you look at Chainlink, one data request right now can take almost $450 because someone needs to submit the request data to ask for the data. Let’s say 20 data providers need to receive that, respond to that with 20 transactions, and […]

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The company behind Zcash just made its new source code public

The implementation of this technology promises to remove the need for trusted setups. The Electric Coin Co., or ECC, the entity responsible for the advancement of privacy coin Zcash (ZEC), unveiled new code for the blockchain and crypto community. The company opened its Halo 2 source code — “an updated, more efficient version of ECC’s recursive proof composition that eliminates the need for a trusted setup in Zcash,” said a Sept. 1 blog post from the ECC. “It may also advance a promising scalability solution for Zcash and […]

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Logistics system provider will connect Dutch ports via blockchain

Logistical management continues to be one of Blockchain’s golden use cases. Dutch logistics solutions provider, Portbase, has successfully completed the first phase of their integration with blockchain-based platform, TradeLens. Together, they will handle operations and core processes for ports in Amsterdam and Rotterdam. According to the announcement, both Portbase and TradeLens expect to create a global ecosystem of carriers, ports, and terminals through a digital port infrastructure management system. Going forward, these upgrades will be powered by TradeLens’ blockchain infrastructure. Iwan van der Wolf, managing director of […]

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PornHub now accepts Bitcoin and Litecoin

Satoshi Nakamoto would have approved. Pornhub now accepts Bitcoin (BTC) and Litecoin (LTC) as payment for its premium services. The company has been accepting Verge since 2018, later adding several other cryptocurrencies, but this is its first foray into the major leagues. Pornhub’s vice president Corey Price said in the press release: “As a leader in adult content with over 130 million visitors per day, Pornhub is excited to now offer two widely-used and leading digital currencies for our users. Our team continues to pave the way […]

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US Federal Reserve now owns over 20,000 different financial assets

The nation’s money printer continues to go “Brrr”. Amid a year that has been anything but normal, the United States’ Federal Reserve, or the Fed, has collected an impressive number of financial assets.  “The Fed now owns a total of 22,913 different securities according to Bloomberg,” said the twitter account for the Zero Hedge financial blog on Aug. 30, adding: “It is the world’s biggest investor.” In response to the rise of COVID-19, the U.S. government closed businesses, urging citizens to stay home in an effort to […]

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Akon Unveils Major Details of $6 Billion Cryptocurrency City: Real-Life Wakanda

Akon has released detailed plans of Akon City, his $6 billion futuristic cryptocurrency city, which he calls a “real-life Wakanda,” referring to the hit movie Black Panther. There will be seven major districts, and the city will be run on the akoin cryptocurrency. Akon City’s Details Officially Revealed Senegalese-American star and philanthropist Akon, whose full name is Aliaune Damala Badara Akon Thiam, unveiled Monday some major details of his planned Akon City. The $6 billion futuristic city in Senegal, Africa, will be run on the akoin cryptocurrency. […]

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Bitcoin price hits $12K again — 3 reasons traders are mid-term bullish

Bitcoin price hit $12,000 again, leading traders to turn bullish as BTC attempts to turn the key level to support. The price of Bitcoin (BTC) has hit $12,000 again, and traders are becoming more optimistic that the digital asset will hold the key level this time. So far in 2020, BTC has topped the $12,000 level four times (all since Aug. 2), but flipping the crucial resistance level to support has been a huge challenge. Cryptocurrency daily market performance snapshot. Source: Coin360 Three factors are leading traders to become […]

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Warren Buffett Shifts Funds From US Amid Inflation Fears, Bitcoin’s New All-Time High Expected

Warren Buffett has made another major investment shift, one that reduces Berkshire Hathaway’s dependence on the U.S. economy. This news followed the Federal Reserve’s policy announcement to “push up inflation,” which is seen as bullish for bitcoin, with some predicting that the price of the cryptocurrency will soon reach an all-time high. Buffett Reducing US Dependence Warren Buffett’s Berkshire Hathaway has invested over $6 billion in Japan’s five biggest trading houses. The company has taken a 5% stake in Itochu Corp., Marubeni Corp., Mitsubishi Corp., Mitsui & […]

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DeFi’s popularity has pushed DEX volume past $11B

Can anything slow DeFi’s growth at this point? Trading volume on decentralized exchanges, or DEXs, surpassed $11 billion in August, as DeFi madness continues making headlines. Numbers from analysis firm, Dune Analytics, revealed that August trading volume represented an uptick of 152% month-over-month. The main driver behind the skyrocketing DEX volume is Uniswap, which has become a dominant exchange over the last couple of months. Uniswap accounts for $2.8 billion in volume over the last seven days, and $877 million in the last 24-hours. Uniswap even surpassed […]

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Ethereum gas fees reach $500K as ETH price hits a 2020-high at $486

Ethereum miners earned a record $500K in fees for a single hour, raising concerns about network stability. Transaction fees on the Ethereum network have recently reached a new hourly record. According to Glassnode, an on-chain analytics firm, miners on the network earned over $500,000 in just one hour today as Ether (ETH) rallied.  Currently sitting at its 2020-high of $486, Ether rallied 10% today. The spike in network activity is thought to be related to the launch of Sushiswap, a fork of Uniswap which has hit $1 […]

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