17% of PayPal’s US Users Have Already Bought Bitcoin Using the Popular Payments App, Survey Shows

New research suggests a significant portion of PayPal’s users are already taking advantage of the payments giant’s support for cryptocurrency.

Dapper Labs’ Gaming-Focused Blockchain is Almost Ready: Flow Port is Now Live

Dapper Labs wants to have a new Crypto Kitties Moment with "Flow" a new blockchain focused on gaming, token staking and operations with crypto collectibles.

Dapper Labs’ Flow blockchain takes major step towards mainnet

The hotly anticipated layer-1 chain looks to be getting its ducks in a row. In a move that may signal that a mainnet launch is just around the corner, Flow — the blockchain from Cryptokitties and NBA Topshot developers Dapper Labs — has launched the Flow Port: a tool for token holders to manage, stake, and delegate their Flow cryptoassets.  The announcement focused heavily on how users can stake their FLOW tokens through custody providers such as Kraken and Coinlist, as well as delegate their tokens to currently-existing node operators.

DeFi protocol 1inch set to be the first to expand to the NEAR blockchain

Mooniswap and the Pathfinder algorithm will be available to NEAR users. The Mooniswap decentralized exchange protocol, developed by DEX aggregator 1inch, will be the first Ethereum DeFi protocol to develop on NEAR, a sharded smart contract platform. As part of a collaboration announced on Tuesday, the 1inch team pledged to port its automated market maker protocol to NEAR.

Ethereum ‘Killer’ Avalanche Is Building an ETH Bridge to Liquidity

Avalanche's new tech will let you port tokens to and from Ethereum.

Ethereum price ascending channel breakout possible if Bitcoin consolidates

Consolidation from Bitcoin would allow Ethereum to double bottom in its BTC pair and possibly breakout from the ascending channel in its USDT pair. In the past week, altcoins prices received a significant haircut, and investors who were light on Bitcoin (BTC) saw their portfolio value take a hit.  Initially, Ether (ETH) price followed Bitcoin higher as the top-ranked digital asset rallied through the $12,000 resistance but as BTC continues to slowly push higher Ether struggled to flip $400 to support.

Huobi adds Visa and Mastercard support for cryptocurrency transactions

Huobi global expanded support for Visa and Mastercard credit and debit cards which will allow its users to make transactions on the platform itself without being redirected to a third-party portal, ac The post Huobi adds Visa and Mastercard support for cryptocurrency transactions appeared first on AMBCrypto.

Bitcoin Businesses on the Mend: Report Shows 57% of Crypto Execs Expect the Industry to Accelerate, Companies Are Hiring

Digital Currency Group (DCG) recently published the firm’s “State of Crypto 2020” report which polls more than 150 portfolio crypto companies.

Price analysis 10/14: BTC, ETH, XRP, BCH, BNB, LINK, DOT, ADA, LTC, BSV

Bitcoin and most major altcoins are sustaining above their immediate support levels, increasing the possibility that the uptrend will resume. The bond yields across most developed economies have dropped sharply since the central banks unleashed a slew of measures to counter the economic crisis caused by the COVID-19 pandemic. This could pose a challenge to the institutional investors who rely on the traditional 60/40 portfolio allocation between equities and fixed income instruments.  This week Fidelity Digital Assets also released its Bitcoin Investment Thesis report which details how a portfolio with a Bitcoin (BTC) allocation as low as one to three percent can beat the traditional allocation on various time scales. Daily cryptocurrency market performance.

Fidelity Explains How Bitcoin Could Grow Into a Trillion-Dollar Market

Fidelity Digital Assets released its Bitcoin Investment Thesis, arguing why a trillion-dollar BTC market is not a crazy idea. The post Fidelity Explains How Bitcoin Could Grow Into a Trillion-Dollar Market appeared first on CryptoPotato.

Fidelity makes it clear: Bitcoin volatility is worth the risk for institutions

A new report shares a number of notably bullish sentiments with regard to Bitcoin and the larger crypto industry. In a recently released report titled Bitcoin Investment Thesis, Fidelity Digital Assets demonstrated how portfolio managers could increase their returns by allocating a portion of their holdings to Bitcoin (BTC).

Fidelity Report Says Portfolios Should Consider 5% Bitcoin Allocation

"In a world where benchmark interest rates globally are near, at, or below zero, the opportunity cost of not allocating to bitcoin is higher," the report said.

Bitcoin price steady as $10B asset manager scoops up 10,000 BTC

Stone Ridge follows MicroStrategy in going big on BTC as a report puts the indirect cost of Coronavirus at $16 trillion. Bitcoin (BTC) is winning the battle of the safe havens as another corporate buy-in sees $115 million enter its books. Asset management giant Stone Ridge confirmed that it made the significant purchase via its spin-off New York Digital Investment Group or NYDIG, which now has over $1 billion in assets under management. Economist: Fed must print $5 trillion in 2021 “The macro backdrop against the public health backdrop has caused a lot of people to rethink their portfolio composition,” the company’s new CEO, Robert Gutmann, told Forbes on Oct.

Port of Rotterdam testing blockchain and AI for renewables trading

The Port of Rotterdam's Innovation Dock has been testing a high frequency decentralized energy market for renewables since August 2020. The Port of Rotterdam's blockchain subsidiary, Blocklab, has been trialing a decentralized electricity trading system to help lower costs and optimize the use of renewables on its microgrid. The system, called Distro, has been jointly developed by Blocklab and S&P Global Platts, and has been operational as a trial for two months. Distro uses blockchain technology, smart contracts, and artificial intelligence to support the decentralized and high frequency trading of renewable energy by commercial consumers looking to optimize and manage their energy use. It

SingularityNET cites Ethereum 2.0's 'lack of clarity' to plan port to Cardano

SingularityNET, a decentralized platform for AI apps, has announced its plans to move a significant portion of its network from Ethereum to the IOHK-led Cardano blockchain, in the wake of Cardano’s The post SingularityNET cites Ethereum 2.0's 'lack of clarity' to plan port to Cardano appeared first on AMBCrypto.

Ants Accelerate – Alibaba’s Blockchain Arm Goes into Overdrive

Ant Group, the blockchain and e-pay subsidiary of Chinese tech giant Alibaba, is accelerating its business operations with the launch of a new cross-border trade blockchain platform, stepping up its bid to go public – and has sealed a key deal with the busiest container port on the planet. Ant, which also operates the Alipay e-payment platform, has dubbed the

Revealed: How North Korean hackers launder stolen crypto

The techniques are sophisticated but crypto laundering cases are still relatively small. British multinational security company BAE Systems and the Society for Worldwide Interbank Financial Telecommunication, or SWIFT, have published a report revealing how cybercriminals launder cryptocurrency.  According to the study Follow the Money money laundering cases via crypto are still relatively small compared to the huge volumes of cash laundered through traditional methods like wire transfers. But there are some notable examples and the report goes in-depth into the money laundering methods employed by Lazarus Group, a well-known hacking gang sponsored by the North Korean regime. Lazarus typically steals the crypto funds from an exchange and then starts to pass transactions through different multiple exchanges using something called a “layering technique.” The hackers employ East Asian facilitators who receive a portion of the stolen funds for helping launder the funds.

CoinMarketCap launches crypto education portal 'CMC Alexandria'

CoinMarketCap’s new crypto education portal aims to provide holistic content for newcomers to the industry. Veteran crypto markets data aggregator CoinMarketCap (CMC) is venturing into new territory — cryptocurrency education. CMC first made its name as a price-tracking website for cryptocurrencies back in 2013 and has remained at the center of ongoing efforts to establish reliable data sources for investors in the industry.  Now the site is looking beyond market data and aiming to provide more holistic educational content that can help orient newcomers to crypto. “Cryptocurrency is no longer the niche interest that it once was, but neither is it completely mainstream — it’s somewhere in the middle,” a CoinMarketCap representative told Cointelegraph.  The site is therefore looking to leverage the user traffic it already has to support “the cryptocurrency revolution” by “educating everyone that ends up on CMC about these emerging technologies.” The representative said:  “We are first trying to provide the educational building blocks that will help those new to the crypto space become more familiar with key concepts that many crypto enthusiasts already take for granted, ranging from the nitty gritty of how Bitcoin transactions work, to more important considerations like how to keep your crypto safe.” The new platform is called CMC Alexandria, in reference to the ancient Library of Alexandria of the second century B.C.

Major Turkish Terminals Join IBM and Maersk's Blockchain Shipping Platform

IBM and Maersk’s global blockchain shipping platform continues to onboard major new global partners. TradeLens — the blockchain shipping platform created by IBM and Danish logistics giant Maersk — has signed on a major Turkish-owned international terminals operator. TradeLens is a global supply chain management platform designed for containerized freight and logistics, which was first launched by IBM and Maersk back in April 2018.  It works by providing standards-based open APIs that allow supply chain data to be immutably and securely tracked and shared using a permissioned blockchain. Turkish-owned YILPORT Holding — which operates 22 terminals and 6 inland terminals across 11 countries — reportedly began integrating data from its Gebze and Gemport terminals in Turkey with Tradelens in July 2020.  Now that integration is complete, the terminals operator will be able to access data flows to help with the more efficient management of assets and containerized cargo. Six main messages will reportedly be operational in the API-supported data exchanges between Yilport and the platform: "gate in, gate out, vessel load, vessel discharge, actual load date list and actual discharge date list.” Via TradeLens, this container shipping-related data is accessible on the permissioned blockchain for a range of different stakeholders across the supply chain, such as shippers, agencies, port operators, customs authorities or financial service providers. IBM and Maersk’s pioneering initiative has been engaged in coordinating various government agencies and customs authorities from across the globe, attracting participants from Indonesia, Thailand, Azerbaijan, the United States and Canada, among others. As recently reported, blockchain technology is being advocated as a key tool for enterprises, organizations and even governments to develop more resilient value chains going forward after the COVID-19 crisis.  The World Economic Forum recently publ

North Korea Reportedly Using Altcoins to Convert $1.5B in Stolen Funds to Cash

North Korean hackers are reportedly using untraceable altcoins to convert stolen cryptocurrencies into cash. North Korea-based cybercriminals are suspected to be using untraceable alternative cryptocurrencies, or altcoins, to convert stolen funds into cash. According to an NK News report, an unpublished United Nations Panel of Experts report states that North Korea-backed hackers have stolen approximately $1.5 billion in cryptocurrencies and they were converting a portion of that amount into cash. Using altcoins, mixers and loosely regulated exchanges The hackers deliberately transact using privacy-focused altcoins as they are hard to trace and track, moving the stolen assets to loosely regulated cryptocurrency exchanges that have minimal customer identification requirements. The U.N.

Sri Lankan Container Terminal Joins TradeLens Blockchain Platform

South Asia Gateway Terminals becomes first Sri Lankan container terminal joined TradeLens platform. The first private Sri Lankan container terminal, South Asia Gateway Terminals, or SAGT, recently joined IBM and Maersk’s blockchain trade platform TradeLens.  It is the first terminal in the country to adopt blockchain technology to digitize its trade processes.  In an announcement  on July 16, Maersk said the collaboration will help SAGT grow past sluggish manual paper-based documentation processes.  Digitization for operational efficiency SAGT is an important link in conducting global trade and it annually processes more than two million twenty-foot containers.