Monthly Archives: September 2020

Blockchain platform commercializes digital bank guarantees in Australia

Australia gets more blockchain projects. The Lygon blockchain platform, which runs on IBM Public Cloud, has reportedly successfully conducted its pilot since last year with Australian banks ANZ, Commonwealth Bank of Australia (CBA) and Westpac and a group of 20 Australian businesses.  Banks are expected to issue bank guarantees in just one day once they implement Lygon compared to the current paper-based guarantees that can take a month. The three Australian banks and retailers Scentre Group and IBM are planning to expand the Lygon platform for commercial […]

More info

Bitcoin’s plunge, Twitter hack revelation, Pornhub accepts crypto: Hodler’s Digest, Aug. 31–Sept. 6

The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — one week on Cointelegraph in one link! Coming every Sunday, Hodlers Digest tracks every important crypto news story from the previous week. Essential reading for all Hodlers!   Top Stories This Week   Three reasons why Bitcoin suddenly dipped under $10K and recovered Its been a bad end to an already trying week for Bitcoin. At one point, prices fell below $10,000 across major exchanges. Overall, the worlds biggest cryptocurrency has […]

More info

Vid Foundation opens staking

Other features will also be in the network. Vid Foundation, the company behind the social media app Vid which rewards users, unveiled its plans to allow more staking in its VI token. Jag Singh, CEO and Co-Founder of Vid Foundation, said in a post that new stakers would be able to join Vid and stake their tokens. Singh said that starting from September 1 and for the next three months Vid will open up staking for 14 million Vi. He stressed that existing stakers will not be […]

More info

Peter Schiff: ‘I was wrong about Bitcoin’

The gold bug still thinks Bitcoin’s drop to $10K indicates a bear market. Gold bug Peter Schiff, who has often spoken out against Bitcoin, may be admitting that there’s at least some flaw in his predictions after acknowledging the coin did not “collapse” as gold rose to a new all-time high last month. In a Twitter exchange with Tyler Winklevoss, which began Sept. 6, Schiff traded words with the Gemini co-founder regarding Bitcoin’s rise to a yearly high of more than $12,000 on Aug. 17 and its […]

More info

Microsoft warns digital currency owners to be aware of new malware

Windows users must be wary. In a tweet, Microsoft Security Intelligence (MSI) warned cryptocurrency owners who are also Windows users on August 27 that their funds in crypto wallets might be in danger because of a new malware. The new malware, called Anubis, seems to use code forked from Loki. It steals crypto wallet credentials, credit card details and other valuable information from these Windows users. According to MSI, it first discovered the malware in June in the cybercriminal underground. It has the same name with another […]

More info

Top 5 Cryptocurrencies to Watch This Week: BTC, ETH, LINK, NEO, XEM

A short-term bottom for Bitcoin and altcoins may be confirmed if the bulls do not allow the recent lows to be broken during the next fall. The U.S. stock markets, gold, crude oil, and crypto markets have all corrected in the past week, which shows that traders booked profits in most asset classes. The total crypto market capitalization corrected from a high of above $394 billion to a low of about $313 billion, which is roughly a 20% correction. This decline also led to a sharp fall […]

More info

DeFi experts say that Ethereum 2.0 is not the answer to high gas fees

A better solution might come up before it even exists. High gas fees for transactions on the Ethereum blockchain are at record highs amid the decentralized finance hype that has attracted many new users to get on board on the Ethereum network. DeFi experts and computer scientists got together on Sept. 3 for Cointelegraph China’s DeFi Marathon event shared their thoughts on the high gas fee potential solutions. Although they have different opinions on solutions, they all agreed that Ethereum 2.0 is not the answer to high […]

More info

Defi’s Raw Deal: Sushiswap Creator Transfers Multi-Sig Control to FTX CEO

After a number of individuals from the crypto community accused the anonymous developer Chef Nomi of exit scamming, the developer transferred the project over to Sam Bankman-Fried, the CEO of the trading platform FTX. On Saturday, September 5, the decentralized finance (defi) community got upset with the creator of Sushiswap, a forked project copied from the Uniswap Protocol. The reason many in the crypto community are angry toward the anonymous developer called Chef Nomi, is because he withdrew $13 million from the Sushiswap pool and cashed it […]

More info

Binance defends SUSHI listing after criticism

Innovation comes with high reward and risk said the CEO’s exchange. Following SushiSwap’s dramatic drop, users blasted crypto exchange Binance for even listing the token in the first place. But Binance stands by its decision to back risky projects. Binance CEO Changpeng Zhao, better known as CZ, defended their decision to list projects and tokens like SUSHI in a tweet. “As one of the leaders of the space, we support innovation. With innovation comes the chance of high reward, and high risk. Some projects make it to […]

More info

Could Russia lead Eastern Europe’s crypto boom?

Russia’s new bill brings it in line with U.K. legislators, though there is a distinction between the approach of the FCA and the State Duma. Not unlike many other jurisdictions around the world, Russia has come to recognize the potential benefits and risks flowing from cryptocurrencies by taking its first step to define and codify digital assets. The new Russian legislation dubbed “On Digital Financial Assets” sets a clear direction for the treatment of cryptocurrencies by authorities and how both individuals and businesses can handle them in […]

More info
1 2