Latest Can News

  • Bitwise: Ethereum can flip the banking-system on its head
    Bitwise: Ethereum can flip the banking-system on its head
    From the outside, there's just one cryptocurrency worth any mention, Bitcoin.
  • Blockchain Tech Can Verify Credentials, but Beware Credentialism
    Blockchain Tech Can Verify Credentials, but Beware Credentialism
    Blockchain-based credentials can make getting back to work and school easier post-COVID.
  • 3 snippets to begin your day: Dogecoin revels in market interest, altseason chances and more
    3 snippets to begin your day: Dogecoin revels in market interest, altseason chances and more
    Can Ethereum lead the altseason? Another day, and another altcoin that can supposedly lead the altcoin season.
  • Bitcoin Just Saw Key Technical Correction But This Level Can Trigger Fresh Increase
    Bitcoin Just Saw Key Technical Correction But This Level Can Trigger Fresh Increase
    Bitcoin started a downside correction after it was rejected near $9,500 against the US Dollar.
  • Smart Contracts ‘Have Limited Potential’ Without IoT Sensors
    Smart Contracts ‘Have Limited Potential’ Without IoT Sensors
    Smart contracts in the trade sector will need to rely on IoT sensors to live up to their full potential new research suggests. Smart contracts have limited efficiency in certain industries if not implemented in conjunction with IoT sensors according to experts in blockchain and business from NYU.  Stern School of Business Associate Professors Hanna Halaburda and Yannis Bakos presented their research at the Unitize conference July 10 on the interaction between smart contracts and Internet of Things (IoT) sensors in improving business efficiencies. Smart contracts make business more democratic The study looked at how “smart contracts will make the business landscape more democratic” — that is, beneficial for all parties involved — however it found shortcomings in the current implementation of the technology when used alone. Halaburda explained that IoT is critical for maximising the benefits of smart contracts within the trade sector: “It turns out they solve a problem, but only partially,” she said, “but what doesn’t happen, if we just add smart contracts, is the higher quality of delivery [of goods].” Citing a contract between a fruit shipping company and the retailer, she explained that the smart contract solves the problem of automated execution, but does not incentivize the shipping company to ensure the quality of the fruit. However, when adding IoT sensors into the process, a smart contract can have increased detail  or adjusted payments based on the quality of the fruit delivered, such as the temperature of storage.
  • Alchemy Aims to Transform Blockchain Development with New Build Tools
    Alchemy Aims to Transform Blockchain Development with New Build Tools
    New dev tools promise to make blockchain development open to more engineers, as well as faster and more efficient. While it may be a long-standing joke in the developer community that any bug can be turned into a feature simply by documenting it, the fact is that blockchain deployment is often mission-critical.
  • Low Ether Volatility: No Trader Interest or Calm Before the ETH Storm?
    Low Ether Volatility: No Trader Interest or Calm Before the ETH Storm?
    Although Ether has seen its transaction volumes surge and active addresses skyrocket, its price has failed to spike in the past month. Media magnate Steve Forbes recently criticized cryptocurrencies for their volatility, saying that one day they can be a steak, and the next day they can turn into dog food.
  • Interview: Colin Steil Offers an Insight Into the Cartesi Project
    Interview: Colin Steil Offers an Insight Into the Cartesi Project
    The Cartesi project has been making waves in the crypto and blockchain industry as it aims to make dApps more practical and scalable so that it can meet the ever-evolving real-world requirements.
  • BitTorrent Adds Binance USD as a Payment Option
    BitTorrent Adds Binance USD as a Payment Option
    BitTorrent users can now purchase BitTorrent and µTorrent Classic Pro with BUSD and Binance’s native token BNB. BitTorrent, a major file sharing service operating under Tron (TRX) developer, has added Binance’s USD stablecoin, BUSD, as payment option. As officially announced on July 9, BitTorrent users are now able to buy BitTorrent and µTorrent Classic Pro with BUSD and Binance’s native token, BNB. With the new addition, BitTorrent now totally features six crypto payment options on its platform. Binance’s BUSD joins the list of already supported cryptocurrencies including Bitcoin (BTC), BitTorrent’s utility token BTT, Okex’s OCB, TRX, and BNB. Alongside the BUSD addition, BitTorrent and µTorrent have also replaced the ERC-20 BNB token with the faster and more liquid BNB (BEP2) as a payment option.
  • Bitcoin Price Will Now Never Officially go to Zero — Here’s Why
    Bitcoin Price Will Now Never Officially go to Zero — Here’s Why
    A massive 18.52 million BTC buy order on Bitfinex will save Bitcoin from dropping to $0, thanks to Alistair Milne. Bitcoin (BTC) can crash hard, but not so hard that it ends up costing $0 — because one man is going to buy all of it. In tweets on July 9, entrepreneur and outspoken Bitcoin bull Alistair Milne revealed that he had placed an order for 18.52 million BTC ($174 billion) — more than the current supply — on exchange Bitfinex. Milne: I’m buying all the Bitcoin at 1 cent In what appears to be more a tongue-in-cheek gesture than concern that Bitcoin is in for a major fall, Milne uploaded a screenshot of the Bitfinex orderbook. “I hereby confirm that #Bitcoin will never go to zero (at least on @bitfinex),” he wrote.  “I'm buying them all at $0.01.” In order to complete the purchase, Milne will need the princely sum of $185,200 — currently equal to 19.7 BTC if he chooses to set aside a portion of his holdings for such an eventuality. Bitfinex orderbook showing Alistair Milne’s buy order for 18.52 million BTC.
  • Crypto Jobs Pay Sky-high Wages in Russia, But ‘Overheating Is Over’
    Crypto Jobs Pay Sky-high Wages in Russia, But ‘Overheating Is Over’
    Crypto jobs are among the highest-paying in Russia, per a new report – but experts believe salaries could plateau or even bottom out after “overheating” in the wake of the crypto boom of 2017. Per data from job portal Rabota.ru and Russian postings on Cryptocurrencyjobs.com, as reported by RBC, blockchain developers can demand up to just shy of USD 8,500 a month, putting
  • NGRAVE Raises Over $430K From Hardware Wallet Crowdfunding Campaign
    NGRAVE Raises Over $430K From Hardware Wallet Crowdfunding Campaign
    Cointelegraph speaks with NGRAVE’s CEO following its successful crowdfunding campaign. The Indiegogo crowdfunding campaign for the NGRAVE ZERO has ended, raising over €385,000 ($430,000) through pre-orders via various reward tiers. More than 1,200 backers from around the world made the campaign the most successful ever for a hardware wallet, with the total funds raised being eight times the amount of the next best. Cointelegraph spoke to NGRAVE Co-Founder and CEO Ruben Merre about the success of the crowdfunding campaign: Cointelegraph: The Indiegogo campaign raised over 1,500% of its initial €25,000 goal, during what can only be described as a challenging period for the global economy.
  • What DeFi Can Learn From ‘InFi’
    What DeFi Can Learn From ‘InFi’
    By studying informal financial cooperation, including lending circles, blockchain developers can uncover new opportunities, says our columnist.
  • Polkadot Wants to Enable You to Launch Custom Blockchains in One Hour
    Polkadot Wants to Enable You to Launch Custom Blockchains in One Hour
    During yesterday’s Unitize blockchain conference, developer Bruno Škvorc illustrated how a Polkadot-based blockchain can be launched within one hour. During yesterday’s Unitize blockchain conference, developer Bruno Škvorc illustrated how a Polkadot-based blockchain can be launched within one hour. When speaking at event on July 7, Škvorc explained in detail how to create a blockchain based on Polkadot’s modular “Substrate” architecture.
  • Tech Mahindra Employs IBM Blockchain in New Platform to Combat Digital Piracy
    Tech Mahindra Employs IBM Blockchain in New Platform to Combat Digital Piracy
    Indian IT giant Tech Mahindra has launched a new blockchain-based digital contracts and rights platform for the media and entertainment industry. Tech Mahindra, the IT subsidiary of Indian conglomerate Mahindra Group, has launched a new blockchain-based digital contracts and rights platform for the media and entertainment industry. Developed using IBM’s blockchain platform, which leverages the open-source Hyperledger Fabric protocol, the system aims to help producers and content creators efficiently track their revenue, royalty payments and digital rights. Dubbed the “Blockchain Based Contracts and Rights Management System” (bCRMS), Tech Mahindra has pitched the platform as a key tool for preventing digital piracy. In a statement on July 9, Tech Mahindra’s blockchain and cybersecurity practice leader Rajesh Dhuddu noted that for the media and entertainment industry, the revenue lost due to online piracy is estimated to hit roughly $50 billion by 2022. Dhuddu said that bCRMS aims to “enhance revenues, pre-empt contracts or rights infringement and focus on redefining end customer’s content consumption experience.”  It will do so by providing a secure digital rights management system that can monitor the authenticity, authorized usage and downloads of online content in real time.
  • Mercedes-Benz Manufacturer Daimler to Collect Data Using Blockchain
    Mercedes-Benz Manufacturer Daimler to Collect Data Using Blockchain
    Mercedes-Benz’ parent company has partnered with Ocean Protocol to use blockchain technology to privately collect and package data for monetization. Ocean Protocol, a decentralized data exchange protocol focussed on data collation, sharing, and monetization, has announced a pilot project partnering with Mercedes-Benz’ manufacturer Daimler AG. Daimler’s South East Asia subsidiary will use blockchain-based solutions to gather and monetize the firm’s data. The pilot will demonstrate Ocean Protocol’s recently launched "Compute-to-Data" protocol to protect the privacy of Daimler’s data while allowing the information to be analyzed and aggregated by third parties. Mercedes trials DLT data pilot with Ocean Protocol Ocean is hoping that the pilot will attract further partnerships with major global firms, describing the pilot as a scalable blueprint for deployment. Hartmut Muller, Daimler’s vice president of IT, stated, “We believe in the power of blockchain to unlock the value of data in a decentralized way.” Frank Schur, Daimler Singapore’s senior manager of IT technology, described the decentralized data marketplaces as “an interesting position” providing “an exciting opportunity for aggregation of data with a clear compensation approach.” Pilot uses Ocean’s "Compute-to-Data" The pilot will comprise the first major initiative employing Ocean’s latest release, "Compute-to-Data." Launched in mid-May, Compute-to-Data seeks to allow entities to maintain the privacy of their data while allowing third-parties to perform “specific computation jobs” analyzing said information.  The results of the protocol’s analysis can then be packaged for monetization or shared to inform scientific or technological research.
  • Global Shipping Giant Cosco to Trial Alibaba’s Ant Blockchain
    Global Shipping Giant Cosco to Trial Alibaba’s Ant Blockchain
    Ant Financial claims its enterprise blockchain can handle a billion transaction a day and save costs in global shipping.
  • Cryptocurrency Exchange Kraken Adds New Banking Option for US Users
    Cryptocurrency Exchange Kraken Adds New Banking Option for US Users
    Kraken's US customers can now make wire transfers from their accounts at MDV Bank to fund purchases of cryptocurrency.
  • Sell Setup Perfected With Chainlink’s Latest Pump To A New Record High
    Sell Setup Perfected With Chainlink’s Latest Pump To A New Record High
    Although Bitcoin still can’t break above $10,000, nor can Ethereum overtake $250, Chainlink continues to set new record high after high.
  • Dev Outlines Three Requirements for Decentralizing Gaming
    Dev Outlines Three Requirements for Decentralizing Gaming
    A veteran game developer discussed how and why the gaming industry can be decentralized at the Unitize conference. Blockchain gaming may become the next evolution of an industry that is now well into reaching market cycle maturity, according to Outplay Games’ CTO Paul Gadi. In his panel at Unitize, titled “Decentralizing Video Games,” he delivered a presentation on how blockchain can reinvigorate an industry that has fallen into what many consider predatory practices and platform lock in.
  • The US Secret Service Issues Ransomware Warning
    The US Secret Service Issues Ransomware Warning
    The US Secret Service issued a security alert about ransomware attacks. The US Secret Service issued a warning about an increase in hacks targeting managed service providers, or MSPs, of both the US private sector and various government entities. According to a document published by ZDNet on June 7, threat actors have been widely relying on ransomware attacks, point-of-sale intrusions, and business email compromise scams to breach the internal networks of MSP customers. Remote management software under threat MSPs are service providers related to remote management software for enterprises, including file-sharing systems for internal networks, which could also be hosted inside a cloud infrastructure. US Secret Service officials issued a warning, stating in part that: “Due to the fact a single MSP can service a large number of customers, cybercriminals are specifically targeting these MSPs to conduct their attacks at scale to infect multiple companies through the same vector.” Ransomware gangs target MSPs In 2019, ransomware groups like GandCrab and REvil became known for targeting MSPs to deploy their attacks.
  • SEC’s Cryptomom Peirce Believes US Capital Markets Can ‘Transform People’s Lives’
    SEC’s Cryptomom Peirce Believes US Capital Markets Can ‘Transform People’s Lives’
    SEC Commissioner Hester Peirce wants to see new crypto projects get a fair shake at US capital markets. In a July 7 fireside chat courtesy of Unitize, Commissioner Hester Peirce of the Securities and Exchange Commission continued to advocate for regulatory clarity for crypto as a means of opening up capital markets to innovation. Innovation and regulation “I believe in the power of our capital markets to transform people’s lives,” said Peirce.
  • Twitter Users Can Now Send Crypto to Each Other with Torus
    Twitter Users Can Now Send Crypto to Each Other with Torus
    A private key management startup, Torus, enables social media users to send crypto using Twitter and GitHub handles. Torus, a Singaporean crypto key management platform, now allows users to send cryptocurrencies through social media platforms like Twitter. With Torus’ latest update, v1.7.2, users can now send tokens to any Twitter or GitHub account, even if that account has never used Torus’ crypto wallet, the firm says. Torus publicly sends ETH to Buterin, Musk, and CZ on Twitter Announcing the news on Monday, Torus showcased a couple of Twitter transactions, featuring 0.01 ETH transfers to major crypto figures like Ethereum co-founder Vitalik Buterin, Binance CEO Changpeng Zhao as well as Elon Musk.
  • Binance Expands Reach With New Gateway for 15 Fiat Currencies
    Binance Expands Reach With New Gateway for 15 Fiat Currencies
    Binance users can keep their fiat funds with new partner Etana while buying and selling crypto assets on the exchange.
  • Binance Expands Fiat Gateway to Support 15 New National Currencies
    Binance Expands Fiat Gateway to Support 15 New National Currencies
    Binance added support for the new currencies through a partnership with crypto asset and fiat money institutional custodian Etana Custody. Major cryptocurrency exchange Binance has added support for deposits in 15 additional fiat currencies to its platform. According to a July 7 announcement, Binance added support for the United Arab Emirates dirham, Australian dollar, Canadian dollar, Swiss franc, Czech koruna, euro, British pound, Hong Kong dollar, Danish krone, Hungarian forint, Mexican peso, Norwegian krone, New Zealand dollar, Polish złoty and Swedish krona. Binance added the new currencies through a partnership with crypto asset and fiat money institutional custodian Etana Custody. Binance CFO Wei Zhou told Cointelegraph that users can transfer the funds via SWIFT wire transfer, adding, "After linking Binance accounts to Etana accounts, Binance users can wire funds directly from their bank accounts to Etana, and then have their Etana fiat balance credited to the corresponding Binance accounts instantly and free of charge by initiating a fiat deposit request on Binance." A more accessible fiat onramp for Binance users Etana’s onboarding process includes Know Your Customer and Anti-Money Laundering checks compliant with the Bank Secrecy Act.
  • Neo Founder Says Next-Gen Internet Will Break Up Tech Giants’ Data Silos
    Neo Founder Says Next-Gen Internet Will Break Up Tech Giants’ Data Silos
    The founder of blockchain platform Neo, Hongfei Da, discussed the importance of next-generation internet at Unitize. Most of today’s internet landscape is controlled by a countable few tech oligarchs such as Facebook, Tencent and Alibaba, according to Hongfei Da, the founder of blockchain platform Neo. During the Unitize blockchain conference, Hongfei said that these companies have divided the internet into several fragments by creating their own data silos. He raised concerns about how such companies intentionally use these data silos to impede competition while also abusing user privacy for both commercial and political purposes. According to Hongfei, laying a new foundation for internet infrastructure that is more user-centric and decentralized is the best way forward for curbing these issues. Five attributes of the next-gen internet Explaining the important characteristics of the new internet infrastructure, Hongfei said that it should be modular so that “everyone can build a part of it and then every part can be integrated together to create a bigger application.” In addition, he said it should be opt-in and promote interoperability.
  • Mercedes Maker Daimler Tests Blockchain for Supply-Chain Data Sharing
    Mercedes Maker Daimler Tests Blockchain for Supply-Chain Data Sharing
    Ocean Protocol has completed a proof-of-concept with Daimler, showing how the Mercedes-Benz maker can begin monetizing data across its supply chains.
  • Gavin Wood: ‘Governance is Critical’ for Crypto Ecosystem
    Gavin Wood: ‘Governance is Critical’ for Crypto Ecosystem
    Ethereum co-founder Gavin Wood spoke at the Unitize conference on July 6 regarding blockchain governance in the Polkadot project. Gavin Wood, the co-founder of Ethereum and Parity Technologies, says crypto-economic systems act like “nation-states” of the internet, running on governance as a type of parliamentary democracy.  Wood joined the Unitize conference on July 6 to talk about how blockchain governance essentially acts as laws for these nation-states that need to be able to adapt to stay relevant.  “We haven’t really thought about how blockchain can be used as a means of actually evolving the rules of the blockchain,” the Ethereum co-founder said.
  • Kraken subsidiary brings regulated Bitcoin futures trading to Europe
    Kraken subsidiary brings regulated Bitcoin futures trading to Europe
    The cryptocurrency exchange’s subsidiary has secured a UK MTF license, and can reach new customers in Europe thanks to the official stamp of approval.
  • 700,000 Expedia Hotels Can Now Be Paid With Cryptocurrencies via Travala
    700,000 Expedia Hotels Can Now Be Paid With Cryptocurrencies via Travala
    More than 700,000 Expedia Group hotels and accommodations are now available via crypto-friendly travel booking platform Travala.
  • Travala’s token up 30% on partnership with hotel booking giant Expedia
    Travala’s token up 30% on partnership with hotel booking giant Expedia
    Travala.com customers can now book over 700,000 hotels and accommodations on Expedia using Bitcoin and other cryptos.
  • Bitcoin Price Analyst Says This Can Prevent a Big BTC Drop in Q3 2020
    Bitcoin Price Analyst Says This Can Prevent a Big BTC Drop in Q3 2020
    The price of Bitcoin dropped below $9,000 for the second time in one week but the uptrend of BTC can be sustained despite a historically bearish Q3. The price of Bitcoin (BTC) dropped below $9,000 for a total of eight times in the past two months.
  • You Can Now Withdraw TRON (TRX) From Over 13,000 ATMs In South Korea
    You Can Now Withdraw TRON (TRX) From Over 13,000 ATMs In South Korea
    The tentacles of the TRON ecosystem continue to extend their reach across the globe.
  • Over 2,500 Austrian Merchants Can Now Accept Cryptocurrency Payments
    Over 2,500 Austrian Merchants Can Now Accept Cryptocurrency Payments
    More than 2,500 merchants in Austria can accept three types of cryptocurrencies via the payment processor Salamantex.
  • Bitcoin can stop future financial crises, say blockchain analysts
    Bitcoin can stop future financial crises, say blockchain analysts
    Cryptocurrency gives people a voice in controlling their own monetary policy.
  • Gelato brings IFTTT-like bots to Ethereum mainnet
    Gelato brings IFTTT-like bots to Ethereum mainnet
    Developers can employ bots to help create and monetize dapps, particularly in DeFi.
  • Telecom Giant Thinks Blockchain Can Make Phone Insurance More Convenient
    Telecom Giant Thinks Blockchain Can Make Phone Insurance More Convenient
    This South Korean company joined forces with Samsung to forward requests to insurance companies using Blockchain technology. South Korean telecommunications firm, SK Telecom, announced a blockchain-based document submission process for mobile phone insurance.
  • OKEx Now Features Latin American Fiat Gateway with Latamex
    OKEx Now Features Latin American Fiat Gateway with Latamex
    OKEx partners with major LATAM digital settlement network to unlock crypto purchases with three local currencies. OKEx, a major global cryptocurrency exchange, is embracing the Latin American crypto market by launching a fiat gateway for three local currencies. According to a July 3 announcement, OKEx users can now buy Bitcoin (BTC) and Ether (ETH) in exchange for the Argentine peso (ARS), the Brazilian real (BRL), and the Mexican peso (MXN) via a direct bank transfer. OKEx implements Settle Network’s Latamex tool OKEx’s partnership with a company called Settle Network allowed them to enable these features.
  • Vitalik Buterin Uses Questionable Historical Comparison to Explain Crypto Tribalism
    Vitalik Buterin Uses Questionable Historical Comparison to Explain Crypto Tribalism
    The Ethereum co-founder cites an unlikely source to explain blockchain in-fighting. Ethereum (ETH) co-founder Vitalik Buterin tweeted that TRON (TRX) sympathizers within the Bitcoin (BTC) community are a “perfect example” of German Nazis aligning with Japan during the Second World War.  Vitalik drew the questionable comparison in a reply to Bitcoin activist and independent developer Udi Wertheimer, who tweeted: “#Tron > #Ethereum”.  The Ethereum co-founder wrote:  “I feel like this weird half-joking tron stanning in the BTC community might be a perfect example of this from @slatestarcodex” He also attached a number of screenshots from a 2014 article that was originally posted on Slate Star Codex — a now-deleted blog created by a San Francisco psychiatrist known by his partial name, Scott Alexander. Titled “I Can Tolerate Anything Except The Outgroup”, the article describes how Germany and Japan were both part of the Axis powers despite sharing racial, cultural and linguistic differences. When asked why he chose to invoke that reference, Vitalik told Cointelegraph that there was “definitely no intent to make any comparison to genocidalness”.  He elaborated: “That analogy is slatestarcodex's, not mine, and he's clearly talking about cultural aspects of that historical situation that have nothing to do with the genocidalness itself. Un
  • Interoperable Blockchains May Be the Future of Finance but Have a Ways Yet to Go
    Interoperable Blockchains May Be the Future of Finance but Have a Ways Yet to Go
    As interoperable blockchain solutions gain traction, many believe that the technology is still relatively nascent and needs more polishing. Cross-chain interoperability is a domain that has piqued the interest of many financial institutions over the years, as it stands to produce a technology that can potentially mitigate a whole host of their recurring operational issues — such as data leakages, loss of customer funds during international transactions and poor accountability — in a totally automated fashion. In this regard, European payments provider SIA recently revealed that it has partnered with United Kingdom-based tech firm Quant Network after having successfully concluded a series of cross-blockchain interoperability tests designed to facilitate data transfers between different protocols. Through the deployment of such frameworks, it can gradually become possible for developers to come up with different cross-platform applications and services that can be used by banks as well as other financial institutions, thus allowing them to easily tackle a number of blockchain-integration-related issues facing them today. Is mainstream use ready? Even though it is important to establish collaboration between various businesses to foster interoperability between their protocols, it is worth remembering that most solutions currently available on the market today still exhibit a certain level of centralization.
  • Report: $300B Worth of Food Will Be Traced Using Blockchain and IoT by 2027
    Report: $300B Worth of Food Will Be Traced Using Blockchain and IoT by 2027
    A report claims that the global food industry could save over $100 billion annually by implementing blockchain and IoT technology. Blockchain technology and the Internet of Things (IoT) can solve some of the food industry’s most pressing challenges and save it $100 billion a year, according to a recent report by Cointelegraph Consulting and VeChain. The report forecasts that $300 billion worth of food items will be traced along the supply chain annually within seven years. Major Food Safety Incidents.
  • Tech Entrepreneur Offers Bitcoin Bounty in Campaign Against Vox
    Tech Entrepreneur Offers Bitcoin Bounty in Campaign Against Vox
    Balaji Srinivasan has promised a $1000 BTC bounty to anyone who can get Recode’s Kara Swisher to retract a story on COVID-19. Balaji Srinivasan has offered $1000 in Bitcoin to the first Twitter user who can get Vox’s technology news website Recode to retract a story about Silicon Valley’s ‘overreaction’ to COVID-19 in February. The former CTO of Coinbase made the offer on Twitter today.
  • Bank of Japan Will Begin Experimenting With a Digital Yen
    Bank of Japan Will Begin Experimenting With a Digital Yen
    The Bank of Japan announced on Thursday that it would experiment with a CBDC to check its feasibility from a technical perspective. The Bank of Japan has announced it will begin experimenting with a central bank digital currency (CBDC) to check its feasibility from a technical perspective. BoJ wants to digitize cash but it remains to be seen if Japan can catch up with China which has already begun testing its own CBDC.
  • Russian Blockchain E-Voter Identities Can be Exposed Through Vulnerability
    Russian Blockchain E-Voter Identities Can be Exposed Through Vulnerability
    On the final day of Russia’s vote on the proposed constitutional amendments—a vulnerability in the blockchain-based system that allows user’s votes to be decrypted has been exposed by Russian media.
  • If the S&P 500 Passes 3,200, Then Bitcoin Can Retake $9,500: Analyst
    If the S&P 500 Passes 3,200, Then Bitcoin Can Retake $9,500: Analyst
    If you’ve followed Bitcoin analysts over recent weeks, you likely know of the importance of $9,500 to the cryptocurrency.
  • Mining Company Ebang’s Stock Listed on Nasdaq Down 11%, Firm Plans to Launch Offshore Exchange
    Mining Company Ebang’s Stock Listed on Nasdaq Down 11%, Firm Plans to Launch Offshore Exchange
    The bitcoin ASIC mining rig manufacturer, Ebang International Holdings, was recently listed on Nasdaq last Friday on June 26.
  • How Bitcoin and DeFi can help marginalized communities
    How Bitcoin and DeFi can help marginalized communities
    DeFi and Bitcoin can help marginalized communities bootstrap themselves, experts said at the inaugural Ethereal Sessions today.
  • June's Bitcoin Options may have painted a less than accurate picture
    June's Bitcoin Options may have painted a less than accurate picture
    When compared to April and May, June can be considered to be a disappointing month for Bitcoin.
  • Austrian Crypto Users Will Soon Be Able to Spend Crypto at 2,500 Locations
    Austrian Crypto Users Will Soon Be Able to Spend Crypto at 2,500 Locations
    Over 2,500 Austrian merchants can now accept cryptocurrencies as a payment method. Crypto holders in Austria will soon be able to spend their coins at more than 2,500 points of acceptance using A1 Payment — one of the largest mobile network operators in the country. According to an announcement made by Austrian fintech firm Salamantex, its Crypto Payment Service Software is now integrated into the A1 Payment platform.
  • Bug in Moscow’s Blockchain Polling System Can Reveal How Users Voted: Report
    Bug in Moscow’s Blockchain Polling System Can Reveal How Users Voted: Report
    The vulnerability allowed users votes in the recent constitutional poll to be decrypted, Russian journalists found.
  • Can Bitcoin satisfy both privacy-sensitive regulators and users?
    Can Bitcoin satisfy both privacy-sensitive regulators and users?
    For users who value financial privacy, cryptocurrencies have always been extremely relevant alternatives.
  • CNET Founder Launches Public Blockchain Network With Dollars Baked In
    CNET Founder Launches Public Blockchain Network With Dollars Baked In
    Public Mint puts dollars on the blockchain so users can use money whether or not they have bank accounts.
  • Blockchain Exec Says Decentralized Platforms Won't Necessarily Replace YouTube
    Blockchain Exec Says Decentralized Platforms Won't Necessarily Replace YouTube
    While decentralized platforms provide a viable alternative to YouTube, Theta Labs' Wes Levitt believes there is still a place for centralized platforms. YouTube’s bans on crypto-related content has been problematic for the industry and is spurring demand for decentralized alternatives. However, according to Wes Levitt, head of strategy at Theta Labs — the firm behind Theta.tv — both YouTube and decentralized platforms can co-exist.  YouTube is increasingly banning crypto-related content.
  • Washington DC Lawyers Can Now Accept Cryptocurrency Payments for Legal Services
    Washington DC Lawyers Can Now Accept Cryptocurrency Payments for Legal Services
    Lawyers working within the metropolitan area of Washington DC can now accept cryptocurrency payments for legal services so long as the fee agreement is reasonable and fair, and the lawyer is able to safeguard their digital assets, the District of Columbia Bar stated in an ethics opinion.
  • This is How Facebook's Novi Can Share Libra User Info With Others
    This is How Facebook's Novi Can Share Libra User Info With Others
    Social media giant Facebook's subsidiary Novi Financial has retained the right to share the information of Libra users with the third parties, with users' consent, and in certain cases - "without further notice." As reported, in May, Facebook rebranded its Calibra subsidiary, responsible for the Libra project, saying that the first product Novi Financial will
  • Everything you can buy with Bitcoin right now
    Everything you can buy with Bitcoin right now
    You can use cryptocurrency in more ways than you might think—we’ve rounded up the best places you can spend your Bitcoin.
  • Bitcoin Price Analysis: BTC Bears Eye $8,600 As RSI Divergence Grows
    Bitcoin Price Analysis: BTC Bears Eye $8,600 As RSI Divergence Grows
    On the 1D BTC/USD chart, we can see that the leading crypto-asset remains range-bound between the daily $8,600 and $10,000 levels.
  • Bitcoin Whale Population Growth Might Be A Mirage
    Bitcoin Whale Population Growth Might Be A Mirage
    Despite a recent increase seen in the number of bitcoin (BTC) “whales,” much of this may be a result of already large holders taking their coins off exchanges, a new report from blockchain analytics firm Glassnode suggested. “Much of the recent increase in the number of whales can be explained not by new money, but rather by existing wealthy entities withdrawing
  • XRP Price Can Outperform Bitcoin in the Short Term — Here’s Why
    XRP Price Can Outperform Bitcoin in the Short Term — Here’s Why
    As Bitcoin price continues to range sideways, the momentum may be shifting to XRP for the next big move. Bitcoin (BTC) price sidewards action of late has been a hunting ground where whales can easily liquidate misinformed traders on leverage trading platforms.
  • How Crypto Can Bring You Financial Freedom
    How Crypto Can Bring You Financial Freedom
    The text below is an advertorial article that was not written by Cryptonews.com journalists. Living in increasingly uncertain times is stressful, to say the least, and instills a very distinct fear for our survival in us.
  • Washington DC Lawyers Can Accept Cryptocurrency Payments, The District Of Columbia’s Bar Says
    Washington DC Lawyers Can Accept Cryptocurrency Payments, The District Of Columbia’s Bar Says
    Lawyers operating in the US capital Washington DC can accept cryptocurrencies as a legal payment method, said the District of Columbia Bar Association (DCB).
  • Can Bitcoin breach $10,500 already?
    Can Bitcoin breach $10,500 already?
    Bitcoin has been seeing a drop in volatility lately, with its price range-bound for a while now.
  • Bitcoin Analyst: Central Bank Rate Cuts Mean ‘World Has Gone Zimbabwe’
    Bitcoin Analyst: Central Bank Rate Cuts Mean ‘World Has Gone Zimbabwe’
    Zimbabwe-style mayhem is a possible outcome from a flood of cheap money hitting the global economy, warns MMCrypto. Bitcoin (BTC) supporters are watching as almost every central bank in the world lowers interest rates and the global fiat money supply skyrockets. Statistics compiled by Charlie Bilello, CEO of wealth manager Compound Capital Advisors, show that in 2020, 84 of the world’s 118 central banks cut interest rates. “Bitcoin cannot be printed!” Largely due to coronavirus, institutions have slashed rates by as much as 1,700 basis points, with Argentina leading the way. Israel changed the least, with a 15 basis point reduction, while Ukraine, Pakistan, Barbados and the East Caribbean joined Argentina at the top of the list. Argentina’s current central bank interest rate is 38%, the highest of any central bank on the list. Lower rates are designed to incentivize borrowing and spending and go hand in hand with quantitative easing policies, under which the money supply of fiat currencies can increase exponentially. Missing from the rankings are countries such as Venezuela, Iran and Lebanon, where currency meltdowns have become an unavoidable feature of central bank policy.
  • How Cryptocurrency Funds Work
    How Cryptocurrency Funds Work
    Cryptocurrency funds have some key differences from traditional investment funds, and we’ve laid them all out along with how you can get involved. Cryptocurrency funds are a new type of investment vehicle that parallels traditional portfolio investments, like hedge funds, but are composed entirely out of digital assets.
  • Ethereum 2.0 will walk and ‘roll’ for two years before it can run
    Ethereum 2.0 will walk and ‘roll’ for two years before it can run
    Ethereum must rely on current scaling methods for at least a couple of years before its next major upgrade will be ready, says creator Vitalik Buterin.
  • Now you can create your own crypto-powered esports tournament
    Now you can create your own crypto-powered esports tournament
    Verasity's crypto-powered esports platform launched with a tournament including pro gamers Nathan “NBK” Schmitt and Xccurate.
  • Washington, DC, Lawyers Can Now Accept Crypto for Legal Fees
    Washington, DC, Lawyers Can Now Accept Crypto for Legal Fees
    The District of Columbia Bar approved crypto payments for lawyers' fees in an ethics opinion.
  • American Pundi X Merchants Can Now Sell Crypto Via PayPal
    American Pundi X Merchants Can Now Sell Crypto Via PayPal
    As the crypto community’s anticipation for PayPal’s exploration into crypto grows, Pundi X has integrated the payments processor for its point-of-sale devices. Singapore-based blockchain firm Pundi X has integrated PayPal support for its point-of-sale device ‘Xpos.’  PayPal is the first mobile payment gateway to be integrated onto Xpos, and users from more than 30 countries can now accept funds via the payments processor. The integration will take place over two stages, with US-based merchants who use Xpos able to apply for PayPay-based keyed transactions from July 1. A PayPal app is expected to be integrated onto all Xpos devices within two weeks — completing the roll-out. 70% of Xpos users request Paypal support Pundi X decided to launch the integration after conducting a Twitter poll asking followers which mobile payment app they would like Xpos to support first. PayPal received almost 70% of votes, beating out WeChat Pay, Alipay, and GoPay, among others. The integration brings credit card payments to Pundi X’s point-of-sale system, and allows cryptocurrencies to be purchased via PayPal from supporting Xpos merchants. Pundi X chief executive and co-founder Zac Cheah emphasized that integrations with leading global firms such as PayPal will help drive adoption blockchain-based services and products outside of the crypto community: “To be able to support a leading online payment provider in our XPOS devices can give people more confidence in using them, and can move usage of blockchain technology closer to the mainstream." PayPal loves crypto all of a sudden After shunning cryptocurrencies for a decade, recent job listings for blockchain engineers responsible for “new initiatives” at PayPal global appear to support rumours it will soon offer cryptocurrency sales to users.  PayPal payments are only supported by a handful of crypto exchanges, such as peer-to-peer marketplaces Localbitcoins and Paxful. Last week, KuCoin’s P2P
  • Iota Enters First Phase to Become ‘Fully Decentralized Network’ by 2021
    Iota Enters First Phase to Become ‘Fully Decentralized Network’ by 2021
    Iota Foundation expects to remove network Coordinator and become a “fully decentralized network” by Q1 2021. Iota, a major blockchain project designed for the Internet of Things, or IOT, has entered the first phase in its roadmap for upgrading the network to IOTA 2.0. According to a June 30 blog post, users can now download the new Pollen release in the first fully decentralized IOTA test network. The release is the first phase in Iota’s IOTA 2.0 transition roadmap, released on June 29.
  • Freelancing Is Broken – Here's How Blockchain Can Fix It
    Freelancing Is Broken – Here's How Blockchain Can Fix It
    A startup wants to use the concept of a governance token to reform freelance talent boards and align incentives between the platform and its users. A new startup wants to change the way freelance talent and respective clients find each other through a community-run platform.
  • Crypto VC Chiefs Talk COVID Recovery, Bitcoin Upside at Real Vision Conference
    Crypto VC Chiefs Talk COVID Recovery, Bitcoin Upside at Real Vision Conference
    Pantera's Dan Morehead and 10T Holdings' Dan Tapiero can't agree on our economic future.
  • Max Keiser: US Hash Rate War With Iran Can Send Bitcoin Price to $500K
    Max Keiser: US Hash Rate War With Iran Can Send Bitcoin Price to $500K
    The “Mona Lisa of the 21st century” will come of age as Trump competes with Maduro and Ayatollah Khomeini for Bitcoin hash rate, Keiser says. Bitcoin (BTC) will hit $500,000 because the United States will start a giant hash war with Iran and Venezuela — and it’s already started. In the latest episode of his Keiser Report TV show, Max Keiser predicted that the Iranian and Venezuelan regimes would force the Trump administration to embrace BTC. Keiser: God is looking at us through the Bitcoin protocol Thanks to Tehran potentially controlling 3% of the Bitcoin hash rate already, and Venezuela — briefly — accepting BTC payments, the US joining the fight for Bitcoin supremacy is only a matter of time. “Iran has already got 3% of global hash rate, so now I think Venezuela will get 3-5% pretty quickly,” Keiser said. “And then at some point America will say, ‘We’ve got to enter the 21st century space race of mining Bitcoin,’ and then they’ll try to seek 20% of the hash rate, and then security goes up dramatically, and the price goes to $400,000, $500,000.” For Keiser, repeating previous arguments, Bitcoin represents the “reformation of free speech” which governments deny citizens by controlling the currency, and therefore the entirety of their position within the state. “Bitcoin is the Mona Lisa of the 21st century: it’s self-aware, it is observing us through the quantum mechanical aspects of technology, and it’s channeling the eyes of God,” he continued. “So this is God looking at us through the protocol and trying to figure out, ‘How do we fix this human species because they’ve gone way off track due to central banking?’” “Uncensorable, unconfiscatable, indestructible wealth” The current situation on macro markets versus the suffering of many Americans, exemplified in the Black Lives Matter protests, speaks to Keiser’s point. Anger with the government, and the dilution of the US dollar, contrasts with stock markets seeing their best quarter since 2011.
  • Ripple Price Analysis: Can The Bulls Prevent XRP From Slipping Towards $0.15?
    Ripple Price Analysis: Can The Bulls Prevent XRP From Slipping Towards $0.15?
    XRP saw a sharp 6% price drop over the past week as the bulls battle to defend $0.175.
  • First Rupiah-Backed Stablecoin Launches on Binance and Tokocrypto
    First Rupiah-Backed Stablecoin Launches on Binance and Tokocrypto
    Binance launched the stablecoin on its own blockchain thanks to a collaboration with Indonesian crypto exchange Tokocrypto. Major cryptocurrency exchange Binance and Indonesian exchange Tokocrypto have listed a rupiah-backed stablecoin, Binance IDR (BIDR). According to an announcement on June 30, Binance and Tokocrypto users can now trade BIDR against Bitcoin (BTC), Binance Coin (BNB), Binance USD (BUSD), Tether (USDT) and Ether (ETH).
  • US Soccer Players Can Be Collected, Traded in Tokenized Fantasy Game
    US Soccer Players Can Be Collected, Traded in Tokenized Fantasy Game
    MLS fans will now be able to collect and trade digital cards representing league players and use them to play fantasy soccer games run by the firm Sorare.
  • Bitcoin Price Analysis: The Worrying Sign That Can Send BTC To New Lows Very Soon
    Bitcoin Price Analysis: The Worrying Sign That Can Send BTC To New Lows Very Soon
    During the past two days, the Bitcoin price was trading under a tight range between $9000 and $9200.
  • Bitcoin as a tool to fight authoritarian regimes: Vladimir Putin critic explains
    Bitcoin as a tool to fight authoritarian regimes: Vladimir Putin critic explains
    Professor of Economics, Sergei Guriev, told Cointelegraph how Bitcoin can be used as a tool to combat authoritarian regimes. Sergei Guriev, professor of Economics at Paris’ Sciences Po and a critic of Vladimir Putin, told Cointelegraph how Bitcoin can be used as a tool to combat authoritarian regimes despite having “no fundamental social value”. Unlike fiat currencies, the purchasing power of Bitcoin is not backed by any institution.
  • Researchers Say New Lightning Network Attack Could Create ‘Chaos’
    Researchers Say New Lightning Network Attack Could Create ‘Chaos’
    The Lightning Network is susceptible to attacks that could drain Bitcoin wallets by flooding the blockchain. A study published on June 29 revealed a way to drain Bitcoin (BTC) wallets’ funds on the Lightning Network by exploiting a bottleneck in the system. According to the “Flood & Loot: A Systemic Attack On The Lightning Network” paper, Jona Harris and Aviv Zohar from the Hebrew University in Israel evaluated a systemic attack on the Lightning Network that allows for the theft of BTC funds that were locked in payment channels. Flooding the blockchain with simultaneous attacks The Lighting Network is used to send payments through intermediary nodes, which can be leveraged to steal Bitcoin. Thi
  • How to use DeFi to earn passive income with your Bitcoin
    How to use DeFi to earn passive income with your Bitcoin
    It’s risky—but it can be done: Andreas Antonopoulos says using a DeFi platform is the best way to earn passive income with BTC.
  • Crypto tax around Ethereum staking requires a lot more clarity
    Crypto tax around Ethereum staking requires a lot more clarity
    The cryptocurrency world continues to lack regulations that can help it function efficiently and this has been a hurdle not just for transacting in virtual currency but also when it comes to holding i The post Crypto tax around Ethereum staking requires a lot more clarity appeared first on AMBCrypto.
  • Bitcoin's core ideals of self-custody can also be dangerous
    Bitcoin's core ideals of self-custody can also be dangerous
    A key differentiator between cryptocurrencies like Bitcoin and traditional forms of finance is that the former offers a high degree of self-sovereignty.
  • Why Bitcoin Will Take a Long Time to Dethrone the Dollar
    Why Bitcoin Will Take a Long Time to Dethrone the Dollar
    If history is a guide, the dollar's reserve currency status can withstand a lot of bad policymaking.
  • Facebook, IoTeX, R3 Among New Members of Confidential Computing Consortium
    Facebook, IoTeX, R3 Among New Members of Confidential Computing Consortium
    The Confidential Computing Consortium aims to create systems that sequester sensitive data so it can't be exploited by nefarious actors.
  • Bitcoin On-Chain Data Hints Price Breakout Towards $11K
    Bitcoin On-Chain Data Hints Price Breakout Towards $11K
    Bitcoin price can break above $10,000 even as it eyes a choppy price action in the weeks ahead.
  • Beyond Bitcoin: How Advances in Blockchain Can Improve Our Financial Ecosystem
    Beyond Bitcoin: How Advances in Blockchain Can Improve Our Financial Ecosystem
    Speed, reliability and availability are the cornerstones of modern finance, and DeFi has the potential to enhance and even supplant traditional finance. When blockchain technology began to expand beyond Bitcoin (BTC) and into more general-purpose applications, many within the industry saw an opportunity to remake key financial infrastructure using this technology.
  • Overpaying Bitcoin TXN fees can lead to bidding wars
    Overpaying Bitcoin TXN fees can lead to bidding wars
    During the crypto rally at the beginning of the year, the Bitcoin network faced a heavy load of transactions, soaring to levels unseen since February 2018.
  • Ghost Coin to be Deployed as Payment for Hong Kong Vending Machines
    Ghost Coin to be Deployed as Payment for Hong Kong Vending Machines
    John McAfee-backed privacy coin Ghost Coin partners with ivendPay as a payment option for Hong Kong vending machines. Ghost Coin, the proof-of-stake privacy coin led by John McAfee, can now be used in vending machines in Hong Kong Disneyland. Ghost announced on Twitter that it partnered with crypto payment system ivendPay to deploy the coin in over 60 vending machines around Hong Kong, even those in Hong Kong Disneyland.  “When we 1st launched $GHOST our vision was not only to focus on #Privacy but also on real user adoption,” Ghost said on Twitter.  The privacy coin and distributed exchange went live last week amid the ongoing controversy surrounding it.
  • Forget hodling, can Bitcoin generate passive income via lending?
    Forget hodling, can Bitcoin generate passive income via lending?
    Bitcoin as a financial asset has drastically grown in popularity in the past few years.
  • Blockchain Can Provide the Right to Privacy That Everyone Deserves
    Blockchain Can Provide the Right to Privacy That Everyone Deserves
    Blockchain technology can help to build a self-sovereign financial system where privacy belongs to the people. Contrary to popular belief, privacy is not for those with something to hide but with everything to lose.
  • Bitcoin's privacy features can learn a thing or two from Monero
    Bitcoin's privacy features can learn a thing or two from Monero
    For many cryptocurrency users, privacy continues to remain a high priority.
  • Beyond In-Game Assets: Blockchain Gaming, DAOs, Guilds, and Ragequitting
    Beyond In-Game Assets: Blockchain Gaming, DAOs, Guilds, and Ragequitting
    “If the “real world” economy is run by centralized authorities who can change and adapt monetary policy on a whim outside public opinion or scrutiny, current video game economies are a microcosm of this behavior.” Many of the builders and investors in the blockchain space believe that the most compelling route to attracting users to the burgeoning crypto-economy is not upending the global financial order but something with significantly lesser stakes: gaming. And this reasoning makes sense.
  • Ethereum, Chainlink and Tezos price analysis: June 28
    Ethereum, Chainlink and Tezos price analysis: June 28
    With Bitcoin edging below $9,000, you can be sure of an effect on altcoins.
  • Crypto Lending: The Ultimate Killer App?
    Crypto Lending: The Ultimate Killer App?
    Using digital assets to earn yields and borrow capital became possible thanks to crypto lending, one of the fastest-growing sectors in the crypto ecosystem. Crypto lending, one of the fastest-growing industries in the blockchain ecosystem, has made it possible to earn yields and borrow capital using digital assets. According to a report by research company Credmark, the volume of crypto-backed loans increased seven-fold in 2019, ultimately reaching $8 billion. Experts speculate that crypto lending will attract more investors into the crypto market by increasing its liquidity. “You can think of lending as this incredible grease that just pushes everything forward at a much faster rate”, states Paul Murphy, CEO at Credmark. However, lending and borrowing crypto is a risky practice due to the high volatility of digital currencies. In fact, a significant amount of crypto-backed loans are used for margin trading operations. “When the market drops by more than 50 percent, and you're in a collateralized margin type of trade, you can lose all of your principal”, points out Brock Pierce, a prominent cryptocurrency entrepreneur. While most crypto lending businesses rely on centralized custodians to manage their customers’ funds, DeFi lending platforms allow peer-to-peer lending and borrowing operations with no middlemen involved. However, we are in the early stages of this technology, which means that these platforms may pose a number of usability downsides. Find out more about crypto lending in the full video on our Youtube channel and don’t forget to subscribe!
  • Play2Earn: How Blockchain Can Power a Paradigm Shift in Building Game Economies
    Play2Earn: How Blockchain Can Power a Paradigm Shift in Building Game Economies
    “We’d like to further empower our community by allowing them to earn a token that allows them to govern the ecosystem in the future, making decisions like what content to add within the universe, what tech upgrades should be focused on, and what to do with funds generated by the game’s operation.” For the past decade, the dominant business model in the gaming industry has been Free2Play.
  • Telegram to pay $18.5 million fine to SEC for failed crypto play
    Telegram to pay $18.5 million fine to SEC for failed crypto play
    With the judge’s approval, Telegram can now put TON in its past—but community groups still plan to bring it to life.
  • Top 3 BTC Sentiment Analysis Tools: How They Work & How to Use Them
    Top 3 BTC Sentiment Analysis Tools: How They Work & How to Use Them
    Bitcoin (BTC) sentiment analysis tools can be powerful.
  • How Global Stablecoins Can Promote Financial Stability in the World
    How Global Stablecoins Can Promote Financial Stability in the World
    Global stablecoins could provide market participants with a cost-efficient means to rebalance their capital across global markets. In the past year, three major financial oversight bodies have voiced concerns about threats to financial stability purported to be posed by stablecoins.
  • How Monopolies Sow the Seeds of Their Own Destruction, Feat. Tuur Demeester
    How Monopolies Sow the Seeds of Their Own Destruction, Feat. Tuur Demeester
    The managing partner of Adamant Capital joins for a conversation about what the Protestant Reformation and the French Revolution can teach us about bitcoin.
  • Crypto.com, TenX crypto debit cards frozen following Wirecard scandal
    Crypto.com, TenX crypto debit cards frozen following Wirecard scandal
    UK and European customers of Crypto.com and TenX can no longer use their crypto debit cards.
  • Coinbase Will Now Pay You to Learn About These Five Altcoins
    Coinbase Will Now Pay You to Learn About These Five Altcoins
    You can now earn five crypto assets simply by learning about them on the crypto exchange Coinbase.