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Topics - Tnoy30

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811
Users are even eligible for up to $50 in bonuses.
Cryptocurrency exchange ByBit now lets its users exchange over 20 fiat currencies for cryptocurrency.

According to an announcement shared with Cointelegraph on June 22, ByBit users can trade their U.S. dollars, Australian dollars, Canadian dollars, euros, Singapore dollars, British pounds sterling and many others for crypto of their choice. ByBit CEO Ben Zhou said that it was two partnerships that came together to make it possible:
Read on: https://cointelegraph.com/news/crypto-exchange-bybit-launches-a-fiat-gateway-supporting-over-20-currencies

812
Binance / Binance Adds Profit Maximization Service to Its Mining Pool
« on: June 23, 2020, 02:18:47 AM »
Binance has a new system for helping miners automatically mine the most profitable coins.
Shortly after the launch of its own cryptocurrency mining pool, Binance is adding specialized features to it to help miners make more money.

Earlier this month, Binance Pool launched a new feature called “Smart Pool.” It lets miners automatically switch hash rates to mine the most profitable of three supported coins based on the SHA- 256 algorithm — either Bitcoin (BTC), Bitcoin Cash (BCH) or Bitcoin SV (BSV).
Lisa He, head of Binance Pool, explained that Smart Pool detects the difficulty in different chains using the same algorithm, and it “helps users transfer their computing power to chains with less difficulty and higher rewards.”
Read on: https://cointelegraph.com/news/binance-adds-profit-maximization-service-to-its-mining-pool

813
Bitcoin’s price is rallying and traders also increasingly see investment opportunities on the Ethereum network.

Bitcoin (BTC) was trading around $9,563 as of 20:00 UTC (4 p.m. ET), gaining 2.5% over the previous 24 hours.

At 00:00 UTC on Monday (8:00 p.m. Sunday ET), bitcoin was changing hands around $9,298 on spot exchanges such as Coinbase. It began making gains around that time, appreciating 3% to over $9,600. The price is now well above its 10-day and 50-day moving averages, a bullish signal for market technicians.
Read on: https://www.coindesk.com/market-wrap-bitcoin-hits-9-6k-as-bullish-crypto-sentiment-returns

814
For a second month in a row, the bitcoin market lacks a clear directional bias, with prices largely restricted to a narrow range of $9,000 to $10,000. However, the cryptocurrency’s liquidity on derivative exchanges continues to heat up, a sign of a sustained rise in investor interest.

On a relatively new exchange like the Antigua-based FTX, the order book depth, as represented by the number of buy and sell orders at each price, now matches the depth seen on industry leader BitMEX.
Read on: https://www.coindesk.com/liquidity-on-bitcoin-perpetuals-exchange-ftx-catches-up-to-industry-leader-bitmex

815
Bitcoin is one of the only sources of funding available for the “pirate” science site, Sci-Hub, which is quietly engaged in war against copyrights.

Despite Bitcoin’s ability to disintermediate money from politics, a new quantum computer may eventually crack its code. Here’s the story:
A Quiet Revolution
Alexandra Elbakyan, the founder of Sci-Hub, a database of over 80 million articles from academic journals usually locked behind subscription services, is fomenting a quiet rebellion against copyright funded by bitcoin. The website has been sued by two science publishing houses and reportedly investigated by the U.S. Department of Justice, effectively cutting Elbakyan off the mainstream financial services in the West. Elsewhere, Honeywell unveiled the most powerful quantum computer to date, again opening questions over Bitcoin and most cryptocurrencies’ security models. “According to a June 2017 paper, a quantum computer would need to have around 2,500 qubits of processing power in order to break the 256-bit encryption used by Bitcoin,” Decrypt’s Liam Frost reports.
Read on: https://www.coindesk.com/blockchain-bites-bitmains-4b-valuation-cambodias-cbdc-and-btc-es-bust

816
Bitcoin News & Updates / Bitcoin News Roundup for June 22, 2020
« on: June 22, 2020, 06:50:45 PM »
With gold up and the price of bitcoin treading water, today we’re talking academic piracy and Cambodia’s blockchain plot to escape the dollar.
Bitcoin is reporting moderate gains on Monday as gold, a safe haven asset, rallies amid renewed coronavirus concerns.

Blackballed by PayPal, Scientific-Paper Pirate Takes Bitcoin Donations

Bitcoin has been used by outlaws of all sorts, but this time the outlaw is a young scientist from Kazakhstan breaking through the paywalls of academic journals.
Read on: https://www.coindesk.com/bitcoin-news-roundup-for-june-22-2020

817
The National Bank of Cambodia revealed the technical details of its upcoming blockchain-based payments system dubbed ‘Project Bakong’ this week.

The central bank, which has been building Project Bakong since 2017, views its quasi-digital currency project as a high-tech revamp of the Khmer Riel, Cambodia’s official currency but hardly its de facto cash choice, as locals have favored the U.S. dollar for decades, according to the white paper published Thursday.

The central bank said Bakong will help challenge the dollar’s reign by inducing Cambodians to pay instead via QR codes and a mobile app, with a Hyperledger Iroha blockchain facilitating real-time fund transfers between e-wallets.
Read on: https://www.coindesk.com/cambodia-de-dollarization-project-bakong-blockchain

818
The Bank of Thailand is developing a prototype payments system which would rely on a central bank digital currency (CBDC).

The central bank announced Thursday that it would target businesses, and would design a payment system that could be integrated with the procurement and financial management system of Siam Cement Group, Thailand’s oldest cement manufacturer, and its suppliers.

The bank said the digital currency prototype is being developed by Digital Ventures, a fintech-facing venture capital wing of the Siam Commercial Bank that invested in Ripple in 2016.
Rean on: https://www.coindesk.com/thai-central-bank-taps-cement-company-for-first-digital-currency-payments

819
The third part of a series of articles on the advantages and challenges of the usage of blockchain technology for collecting and sharing information, without violating users’ privacy.
Some entrepreneurs have been trying to increase data privacy by combining encryption and blockchain technology. There are projects like Oasis Labs and Enigma that focus entirely on preserving users’ privacy. Meanwhile, others have been focusing on preventing data retention by companies. Thus, there is no way to guarantee that personal data is deleted in a company’s data system. Blockchain technology’s reliable consensus ensures that people’s data is used correctly.
Read on: https://cointelegraph.com/news/blockchains-are-an-excellent-solution-for-privacy-part-3

820
The best Sundays are for long reads and deep conversations. Recently the hosts of the Let’s Talk Bitcoin! Show gathered to discuss the big picture problems facing our world which make things like Bitcoin distinctly appealing despite many inefficiencies when compared to traditional, centralized money systems.
Read on: https://www.coindesk.com/money-bitcoin-only-matters-because-the-game-is-rigged

821
A solar energy trading trial run by blockchain startup Power Ledger has found the initiative to be “technically feasible” for real world use.

The trial, which was partly funded by the Australia government, surveyed 48 households in Fremantle, Western Australia, and found blockchain energy peer-to-peer energy (P2P) trading delivered lower costs “desired by consumers.”

“Power Ledger has demonstrated how peer-to-peer energy trading can incentivise the right outcomes for the grid in a more cost-effective way,” Power Ledger chairman Jemma Green said in a press release.
Read on: https://www.coindesk.com/power-ledgers-blockchain-p2p-energy-trial-technically-feasible-it-says-in-new-report

822
Economists at the Federal Reserve project that Libra, the Facebook-linked stablecoin frequently targeted by lawmakers and central bankers as an economic wrecking ball, was unlikely to have lived up to its sovereign currency-killer hype.

Calling “fears of a so-called global stablecoin” “overstated” in a new report published Monday, economists Garth Baughman and Jean Flemming suggested that policymakers may have focused perhaps too acutely on a basket stablecoin’s unlikely downsides. The pair modeled a basket-backed stablecoin in a hypothetical scenario, evaluating the likely impact it would have on the economy, as well as the likelihood of its being adopted.
Read on: https://www.coindesk.com/fed-economists-call-fears-of-original-libra-stablecoin-overstated

823
Ethereum’s consensus algorithm is not the only thing changing with the launch of Eth 2.0. The underlying cryptography itself is getting an overhaul based on leading research out of the Electric Coin Company.

Called BLS12-381, the new elliptic pairing curve will securely coordinate transactions on the proof-of-stake (PoS) Eth 2.0 network, while opening up opportunities for data savings and privacy-tech solutions.

Currently, the ins and outs of that curve are being baked into the network with Ethereum Improvement Proposal 2537. That EIP is slated for delivery with the protocol’s 10th hard fork, Berlin, tentatively scheduled for July.
Read on: https://www.coindesk.com/the-zcash-privacy-tech-underlying-ethereums-transition-to-eth-2-0

824
XRP, the fourth-biggest digital asset by market value, has been left out of 2020’s rally in cryptocurrencies, marking the second straight year of underperformance compared with its larger and more popular rivals, bitcoin and ether.

The token is down 2% in 2020, while bitcoin is up 30% and ether, the native token from the Ethereum blockchain, has gained 76%.
Read on: https://www.coindesk.com/first-mover-xrp-exciting-crypto-traders-year

825
If, in the compressed time of blockchain existence, the “crypto winter” of 2018-2019 was Ethereum’s Dark Ages, then we’re now in its Renaissance.

But it’s an open question whether the blockchain platform and its enthusiastic community can take the wider world into the next era: the decentralized equivalent of the industrial revolution.

As Ethereum prepares to celebrate the five-year anniversary of its mainnet launch on July 31, billions of dollars in value rest on that question. Specifically, on whether the all-important Ethereum 2.0 scaling project can be successfully launched and integrated into its existing architecture.
Read on: https://www.coindesk.com/money-reimagined-ethereums-renaissance-creates-an-opportunity-major-test

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