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Topics - Cinno3

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Ethereum News & Updates / Ethereum 2.0 Deposit Contract Release Kicked Back Until November

« on: October 26, 2020, 07:52:31 PM »

The Ethereum 2.0 deposit contract is a few weeks away at least, according to Ethereum Foundation researcher Danny Ryan.

Speaking Thursday on the Bankless podcast, Ryan said the deposit contract won’t go live until it receives a thumbs up on an audit of a critical crypto library, BLST, performed by cryptography audit firm NCC Group.

“This library is critical to creating keys, signing messages. Critical, in early phases, [means] that if you use this library, they need to be secure; if you use it to generate your wallets, it needs to have good randomness; and if you are signing your deposits which have a signature associated, it needs to be correct,” Ryan said. “Given that how critical this library is, and given that, if there is a fundamental error in this library we could f*ck some sh*t up in terms of genesis deposits, that is the blocker,” he said.
More: https://www.coindesk.com/ethereum-2-0-deposit-contract-delayed-november

Ripple News & Updates / FBI Investigated Extortion Attempt Over Allegedly Negative Ripple Videos

« on: October 26, 2020, 06:57:54 PM »

Ripple Labs, the digital asset payment service provider tied to XRP, one of the five largest cryptocurrencies, was blackmailed at the height of crypto mania three years ago, CoinDesk has learned.

Documents obtained by CoinDesk through a Freedom of Information Act request show an unidentified individual emailed Ripple on Oct. 19, 2017, demanding 5 million XRP – then worth $1.1 million – in exchange for withholding videos it claimed portrayed the company in a negative light.

The Federal Bureau of Investigation’s (FBI) San Francisco and Canberra, Australia, offices investigated the extortion attempt from Oct. 23, 2017, to April 20, 2018, according to the documents, which do not describe the content in the videos or whether Ripple paid the 5 million XRP.
More: https://www.coindesk.com/fbi-investigated-extortion-attempt-against-ripple-about-allegedly-negative-videos

Bitcoin News & Updates / Bitcoin Transaction Fees Spike 350% in a Month, as ETH Fees Decline

« on: October 26, 2020, 06:37:56 PM »

Bitcoin transaction fees are on the rise again. Fees shot up more than 350% during the last thirty days to Oct. 22. The most significant increase occurred in the last week, as the price of bitcoin soared on growing institutional interest.

According to data by Bitinfocharts, it cost an average of $5.75 to send a transaction over the Bitcoin blockchain on Saturday, up from around $1.8 five days earlier.

Fees peaked at $6.36 on Oct. 22, as the bitcoin (BTC) price scaled past $13,000, a 2020 high. Just over thirty days ago on Sept. 20, it cost only $1.39, on the average, to get a transaction processed via the Bitcoin network.
More: https://news.bitcoin.com/bitcoin-transaction-fees-spike-350-in-a-month-as-eth-fees-decline/

Bitcoin News & Updates / Russia's Gold Find Reaffirms Bitcoin as the More Scarce Asset

« on: October 26, 2020, 06:33:14 PM »

News of the discovery of approximately 40 million troy ounces of gold in Russia’s Siberian region is likely to boost the profitability of the country’s biggest gold producer, while adding to the supply of the “scarce” resource. Reports say the Polyus owned the Sukhoi Log contains 540 million tonnes of ore, which translates to an average of 2.3 grams per ton. The reserves, which will account for a quarter of Russia’s gold stocks, are likely to generate $76 billion in revenues for Polyus when using current prices.
More: https://news.bitcoin.com/40-million-troy-ounces-russias-gold-find-reaffirms-bitcoin-as-the-more-scarce-asset/

Bitcoin News & Updates / Billionaire Paul Tudor Jones Sees Massive Upside in Bitcoin, Like Investing in A

« on: October 26, 2020, 06:29:50 PM »

American billionaire hedge fund manager Paul Tudor Jones has recently become more bullish on bitcoin. He declared the cryptocurrency the best hedge against inflation and compares investing in bitcoin now to investing in early tech stocks, like Apple and Google. “I think we are in the first inning of bitcoin and it’s got a long way to go,” he said.
More: https://news.bitcoin.com/paul-tudor-jones-bitcoin-apple-google/

Bitcoin News & Updates / Commodity Analyst: 'I Don't See What's Going to Stop Bitcoin From Appreciating'

« on: October 26, 2020, 06:26:28 PM »

A senior strategist with Bloomberg Intelligence says that he does not see what’s going to stop bitcoin from appreciating. He explains that as bitcoin matures, it will trade more like gold than stocks. The strategist also shares his view on how the November presidential election could affect the price of bitcoin.
More: https://news.bitcoin.com/whats-going-to-stop-bitcoin-appreciating/

Bitcoin News & Updates / Oracle' Vinny Lingham Expects High Bitcoin Volatility, BTC Price Likely to Hold

« on: October 26, 2020, 06:24:12 PM »

Four years ago, Vinny Lingham predicted bitcoin’s bull run and a number of bitcoiners have referred to him as the “oracle.” On Twitter, Lingham is once again giving his predictions on bitcoin’s future prices. He’s also noted this month that he’s “bullish on bitcoin” and hasn’t felt this way since 2016.

The former CEO of Gyft and the cofounder of the project Civic, Vinny Lingham, has been in the crypto industry for quite some time. Lingham is also known for his predictions and oftentimes the serial entrepreneur is on point. For instance, in December 2016 during Bitcoin’s pre-bull stage Lingham predicted that after BTC broke the $800 handle, it would quickly spike into the $900 zone.
More: https://news.bitcoin.com/oracle-vinny-lingham-expects-high-bitcoin-volatility-btc-price-likely-to-hold-12k-handle-for-30-days/

Bitcoin News & Updates / Kanye West: Bitcoiners Know the True Liberation of America and Humanity

« on: October 26, 2020, 06:21:32 PM »

U.S. presidential candidate Kanye West professed his respect for bitcoiners during a podcast interview with Joe Rogan. He says bitcoiners “really have a perspective on what the true liberation of America and humanity will be.”

Kanye West and Bitcoin
Kanye West is one of the world’s best-selling musicians, having sold over 140 million records worldwide. He announced in July that he is running for President of the United States this year. In a podcast interview with Joe Rogan, published on Saturday, West confirmed that he is still in the running.

“There’s a possibility that I could [win]. It’s actually technically possible for me to win now which would be the best option for America,” he told Rogan. West said that he is on the ballot in 12 states and voters in 17 other states can write him in. “I could possibly win now,” he claimed, emphasizing that he will “definitely” win in the next presidential election in 2024.
More: https://news.bitcoin.com/kanye-west-bitcoin-liberation-humanity/

Blockchain Technology / Blockchain Stellar Will Soon Support USDC Stablecoin

« on: October 26, 2020, 06:06:04 PM »

The Center consortium, co-founded by Circle and Coinbase, announced that Stellar is now the official blockchain for USD Coin (USDC). USDC is expected to be available on Stellar in the first quarter of 2021. USDC was previously available on Ethereum and Algorand.

USDC supported by blockchain Stellar is the result of sustained growth in both tokens. Over the past six months, the volume of USDC in circulation has exceeded $2.8 bln. The Stellar network, which is used by financial institutions around the world to provide access to financial infrastructure, has over 4.6 mln accounts and has processed over 1 bln transactions since the launch.
More: https://bitnewstoday.com/news/blockchain-stellar-will-soon-support-usdc-stablecoin/

Cardano Forum / Charles Hoskinson: Cardano's Goguen Era Starts In October

« on: October 26, 2020, 05:59:44 PM »

IOHK CEO Charles HOSKINSON spoke about Cardano's ongoing successes, including its partnership with Runtime Verification. As part of the partnership, the developers will work on the Yella virtual machine project to convert smart contracts written in Solidity into programming languages of other blockchains.

It is also known that Runtime Verification received a grant for the project. However, at the moment the amount of financing and the time frame of the project are not known.
More: https://bitnewstoday.com/news/charles-hoskinson-cardano-s-goguen-era-starts-in-october/

Blockchain Technology / Blockchain Platform For Electricity Trading Supported By Siemens Is Presented

« on: October 26, 2020, 05:52:31 PM »

A German state energy project called Pebbles uses DLT to provide transparency in electricity sales. The project is a joint initiative of the regional utility Allgäuer Überlandwerk, network operator AllgäuNetz and German tech giant Siemens. Funding is provided by the German Federal Ministry for Economic Affairs and Energy.

The initiative aims to create a platform that allows private energy producers to sell electricity directly to local consumers without the need for intermediaries or traditional network operators, while ensuring that all market transaction information is invariable and transparent. The platform will be used to power electric vehicles from batteries.
More: https://bitnewstoday.com/news/blockchain-platform-for-electricity-trading-supported-by-siemens-is-presented/

Blockchain Technology / Blockchain as a Service (Baas): Financial and Non-Financial Use Cases

« on: October 26, 2020, 05:48:56 PM »

Blockchain, as the decentralized database technology, has already taken the business world by storm. Blockchain-as-a-service (BaaS) business model helped businesses avail the blockchain technology opportunities without maintaining big server deployments for blockchain. Here we are going to define the Blockchain-as-a-service (BaaS) business model and some of the most well-known financial as well as non-financial use cases of blockchain.
More: https://bitnewstoday.com/news/blockchain-as-a-service-baas-financial-and-non-financial-use-cases/

Blockchain Technology / Here’s how Blockchain Could Change the World for the Better

« on: October 26, 2020, 05:43:36 PM »

The internet is very unique in the fact that it has absolutely no central control, authority or administration. It has given people the chance to experience success unlike any other and they can also exchange various ideas too. If you look at recent years, you will see that even internet services and search engines have been provided by a number of small tech firms. On the face of it however, companies which include Facebook and even Google all claim to provide a free service, but in practice, they take data and sell it to others for a profit. Every time you ask a question on the search engines, the internet is taking that data and turning it into the financial systems that we see today. This has huge implications for the future, but Bitcoin set out to change this.
More: https://bitnewstoday.com/news/here-s-how-blockchain-could-change-the-world-for-the-better/

Ethereum News & Updates / Ethereum (ETH) Attempts to Jump the Next Major Hurdle at $420

« on: October 26, 2020, 05:27:29 PM »

Ethereum (ETH) price analysis, October 26, 2020. Ethereum price upward move is stuck below the $420 resistance as the bulls were compelled to a sideways move. In other words, Ether is fluctuating between $403 and $420.

Ethereum Price Long-Term Analysis: Bullish
Buyers have retested the $420 and $416 resistances to break above it. Today, the biggest altcoin is trading at $406 and it is above the critical support.
More: https://coinidol.com/eth-price-jump-next/

Bitcoin News & Updates / Bitcoin Consolidates Above $13,000, Larger Move Likely Soon

« on: October 26, 2020, 05:23:15 PM »

Bitcoin (BTC) price analysis, October 26. Following its recent rally to $13,200 high, Bitcoin has resumed a sideways trend.

Bitcoin Price Long-Term Prediction: Bullish
The current uptrend is facing strong rejection at the $13,200 to $13,500 resistance zones.

Consequently, the king coin has been compelled to a range-bound movement since October 21. For the past five days, the crypto had been fluctuating between $12,800 and $13,200. In the last 24 hours, buyers attempted to break the $13,200 resistance.
More: https://coinidol.com/bitcoin-price-consolidates/