Monthly Archives: September 2020

Blockchain-based app easing pandemic travel launched

That’s one less travel headache A blockchain-based app aimed to make travel during the pandemic easier has been launched. The app, called ICC AOKpass, allows users to verify their COVID-19 status instantly. Dorjee Sun, CEO of blockchain firm Perlin, told CIR Magazine that ICC AOKpass “uses a common global standard that can be deployed and used anywhere in the world today. It can adapt to the rules of any given country and allows users to instantly verify their COVID-19 compliance status anytime, anywhere.” ICC AOKpass was tested […]

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The Care Bears, Roger Ver, and Tesla shenanigans: Bad crypto news of the week

Check out this week’s Bad Crypto podcast. While Bitcoin stays under its $12,000 ceiling, you can take your pick of future price predictions. The Winklevoss Brothers say that the coin will reach $500,000 and maybe even $600,000 if governments start to include it in their currency reserves. The twins didn’t put a date on that prediction but Ecoinometrics, a data analysis firm, thinks that the post-halving pattern points to a $41,000 price before the end of the year. Bitcoin will then hit six figures in mid-April, they […]

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Sushiswap Founder Reportedly Exit Scams as Sushi Token Price Tanks

The anonymous founder of Sushiswap has reportedly exit scammed after converting all of his sushi tokens to ETH on September 5. Reports of the alleged scam came a few after the sushi token, which forked from the Uniswap protocol, went up in value to $10 in just 24 hours. A Twitter user Spensernoon first made the allegations. However, in a series of seemingly convoluted tweets, Chef Nomi, the self-professed creator of Sushiswap, has denied the allegations. The creator tweeted: People asked if I exit scammed. I did […]

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Dash introduces protocol versioning in update

Getting closer to the testnet. The Dash platform will be introducing protocol versioning and other new features in its latest update.  Dash announced its fourth update over the weekend. The platform normally releases new functionalities every six weeks, so the next update is expected between October 6 and 20.  Dash said it is adding versions of its protocol to make it easier for developers to begin transitioning to a testnet and mainnet. Previously, developers needed to wipe data on Evonet and update their platform software with each […]

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Vale completes iron ore transaction through blockchain

Blockchain helps the other kind of mining. Mining firm Vale and its partners completed its first iron sale over blockchain. According to a statement on its website, Vale sold 176,000 tons of iron ore to Nanjing Iron & Steel, sending the material from Malaysia to China. Vale and its partners used the blockchain platform Contour to issue a letter of credit. Shipping documents and an electronic bill of lading—a list of all the goods shipped—were handled through essDOC’s CargoDocs solution.  The company said it ensured end-to-end security […]

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Healthcare makes case for blockchain use despite challenges

Healthcare is seeing the potential. The healthcare industry in the United States has shown great interest in blockchain technology, especially after the recent cyber attacks on medical research facilities working on COVID-19 vaccines. According to the DevPro Journal, healthcare officials believe that adopting blockchain technology can provide data security against cybercriminals and hackers because it does not contain a central failure point. Users can only access data using a very complex access key, making ransomware and similar attacks null. What reinforces the idea of ​​applying blockchain technology […]

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Crypto-Friendly Banking Platform Cashaa Expanding in India, US, Africa

Crypto banking platform Cashaa has unveiled plans to expand its services in India, the U.S., Africa, and the Caribbean. In India, the company aims to create “the first crypto-friendly banking platform” that is regulated by the central bank, the Reserve Bank of India (RBI), Cashaa’s CEO has shared with news.Bitcoin.com. Cashaa Unveils Expansion Plans London-based crypto-friendly banking platform Cashaa has unveiled its expansion plans, having raised $5 million from Dubai-based blockchain investment and advisory firm O1ex. “As a part of its expansion plans, Cashaa is set to […]

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3 reasons why Bitcoin suddenly dipped under $10K today — and recovered

The price of Bitcoin briefly dropped below $10,000, causing the entire cryptocurrency market to slump in a short period. The price of Bitcoin (BTC) dropped to sub-$10,000 across major exchanges again on Sep. 5, marking two consecutive days of testing the crucial level. Other major cryptocurrencies, including Ethereum’s Ether (ETH), fell by nearly 10%. The daily chart of Bitcoin. Source: TradingView.com Three factors likely contributed to the abrupt drop of Bitcoin include miners, a strong dollar and whales taking profits.  Did whales take profit? When the price […]

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The DeFi revolution is like cooking a recipe

DeFi ingredients are defined by the creators and developers operating in the space, and subtle variations of previous recipes create new results. In the last two months, the decentralized finance industry has seen a dramatic surge of interest, as new platforms promising to disrupt the way people manage their money, transact, earn and entertain themselves have launched in rapid succession in recent months. Much of this growth has been catalyzed by the meteoric rise of DeFi lending platforms like MakerDAO and Aave, which together now compose more […]

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SushiSwap head chef dumps tokens; plans to focus on migration

Chef Nomi left some food on the table. On the heels of skepticism of the project, SushiSwap project head, Chef Nomi, dumped SUSHI tokens over the weekend. In a series of tweets, the anonymous personality Chef Nomi claimed converting SUSHI tokens is meant to move the project away from doubts on its migration from Uniswap to SushiSwap.  “I did the recent move because I care about the community. I’m taking IL for you. But all I received was blaming and FUDing. Here’s what happened. The devshare part […]

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