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Topics - Lorix

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Ethereum News & Updates / Money Lego: DeFi made in China

« on: July 06, 2020, 04:53:34 AM »

Ignored until recently, DeFi is now "the hottest wool on the block" in China. Here's a look at some of the companies helping to push it to broader adoption there.

DeFi used to be a niche concept in China. Among the gazillion crypto-centric WeChat groups formed daily, very few were DeFi-themed. And even among those that were, posts, chats, and the throwing of red packets were scarce.
More info: https://decrypt.co/34622/money-lego-defi-made-in-china

Bitcoin News & Updates / Bitcoin loving Kanye West renews 2020 push to become US president

« on: July 06, 2020, 04:51:03 AM »

If successful, West would become the first pro-Bitcoin president in US history.
American rapper, song-producer and entrepreneur Kanye West has just announced that he is running for president of the United States.

West, who also goes by the name "Yeezy," broke the news on Twitter this morning, where he dropped the bombshell announcement to his almost 30 million followers.
More info: https://decrypt.co/34633/bitcoin-loving-kanye-west-renews-2020-push-to-become-us-president

Blockchain Technology / Expedia Partners With Crypto Service Travala.com for Crypto Bookings

« on: July 06, 2020, 04:46:42 AM »

Expedia now allows its over 700,000 accommodations to be booked with cryptocurrency through crypto travel platform Travala.com.
Expedia now allows its over 700,000 accommodations to be booked with cryptocurrency through crypto travel platform Travala.com.

According to an announcement shared with Cointelegraph by Travala.com on July 6, the firm added over 700,000 accommodations to its crypto-powered travel platform’s already over 2 million options available in 230 countries.
More info: https://cointelegraph.com/news/expedia-partners-with-crypto-service-travalacom-for-crypto-bookings

Blockchain Technology / Brock Pierce Jumps Into 2020 US Presidential Last Minute

« on: July 06, 2020, 04:44:10 AM »

Brock Pierce joins the 2020 elections as a last-minute presidential candidate.
Brock Pierce, entrepreneur, crypto venture capitalist and child star, has announced his USA Presidential run on Twitter July 5. His tweet stated that:

“I, Brock Pierce, am running for President of the United States of America.”

Pierce’s campaign site states that he is a pioneer digital currency and has raised more than $5 billion for the companies he has founded. Pierce is the Chairman of the Bitcoin Foundation and co-founder of EOS Alliance, Block.one, Blockchain Capital, Tether, and Mastercoin (first ICO). His website, sparse on details, does not say if he is seeking a nomination in a political party or if he is running as an Independent.
More info: https://cointelegraph.com/news/brock-pierce-jumps-into-2020-presidential-elections-last-minute

Bitcoin News & Updates / Bitcoin Undo Button & Fleeing Firms: Bad Crypto News of the Week

« on: July 06, 2020, 04:41:09 AM »

Check out this week’s Bad Crypto podcast.
Maybe it’s time to start talking about boring Bitcoin. The dollar price has moved barely half a percentage point over the last week, remaining around the $9,200 mark. Bitcoin’s holders, though, don’t expect the coin to remain a boring store of value forever. A survey by Bitcoin IRA found that 42 percent of the crypto custodian’s customers expect the price to reach $15,000 by the end of the year. Even that might not prompt sales though. Some 57 percent said they were holding for the long term.
More info: https://cointelegraph.com/news/bitcoin-undo-button-fleeing-firms-bad-crypto-news-of-the-week

Blockchain Technology / Enterprise Friendly Blockchain Tapping Into Wine Supply Chain Business

« on: July 06, 2020, 04:39:24 AM »

Symbol from NEM makes blockchain solution to solve wine tampering and counterfeiting problems to save millions for the wine industry.
Tampering, theft and counterfeiting have caused the wine industry millions of dollars in lost revenue. Symbol, an enterprise-friendly blockchain project from the NEM ecosystem is now providing blockchain technology amid further frauds in wine productions, according to a blog post published by NEM on July 4.
More info: https://cointelegraph.com/news/enterprise-friendly-blockchain-tapping-into-wine-supply-chain-business

Bitcoin News & Updates / Bitcoin Stagnates, Criminals Targeted, $288K Prediction: Hodler’s Digest, June 2

« on: July 06, 2020, 04:37:36 AM »

Bitcoin is struggling to punch through stubborn resistance at $9,300, and a Russian court has effectively ruled BTC theft is not a crime.

It has been a sleepy week in the crypto markets — and there’s barely been any movement in Bitcoin. At the time of writing, BTC is down 0.75% compared with where it was seven days ago. Traders were braced for a big drop this week after Bitcoin dipped below $9,000 for the seventh time in two months. Cointelegraph analyst Michaël van de Poppe says BTC is consolidating below $9,300, but this isn’t necessarily bearish as a major breakout may be in the works. He’s warned support must hold at $8,900–$9,000 to prevent a further drop into bearish territory — and a key resistance level at $9,300 must be broken.
More information: https://cointelegraph.com/news/bitcoin-stagnates-criminals-targeted-288k-prediction-hodlers-digest-june-29july-5

Bitcoin News & Updates / 3 Reasons Why Bloomberg Calling Bitcoin a ‘Resting Bull’ Is Inaccurate

« on: July 06, 2020, 04:35:04 AM »

A recent Bloomberg report says Bitcoin is a resting bull but improperly interprets key metrics to paint a bullish case for BTC.
Bloomberg senior commodities strategist Mike McGlone recently released a midyear crypto outlook, which states that Bitcoin volatility should continue to decrease as the asset behaves more like gold. The report also says that primary demand and adoption indicators remain positive.

The report concludes that Bitcoin is set for a breakout with a target at the $13,000 resistance. Although this perspective is defensible, the arguments presented in the article seem flawed. Correlation metrics for the past six months have drawn Bitcoin away from gold’s hedge status, as it has been trading in sync with the S&P 500 most of the time.
Read on: https://cointelegraph.com/news/3-reasons-why-bloomberg-calling-bitcoin-a-resting-bull-is-inaccurate

Blockchain Technology / Smart Vending Machine Maker Popcom Crowdfunds $1.3M

« on: July 06, 2020, 04:31:00 AM »

Smart vending machine maker Popcom raises $1.3 million through Regulated CF security token offerings.
Smart vending start-up Popcom raised millions to bring more of their vending machines as the demand for more contact-less retail solutions rises.

Popcom, led by Dawn Dickson and one of the few Black women-owned blockchain companies, crowdfunded $1.3 million in its latest funding round, according to Black Enterprise. So far, the company has raised a total of $2.3 million with the majority of investments done through Regulated CF security token offerings.
More information: https://cointelegraph.com/news/smart-vending-machine-maker-popcom-crowdfunds-13m

Binance / Binance Supports Ontology Upgrade, Stops Deposit of NEP5 ONT Tokens

« on: July 06, 2020, 04:26:50 AM »

Binance to support Ontology 2.0 upgrades and says it will not further allow NEP5-based ONT deposits.
Binance, one of the world’s biggest crypto exchanges, has announced on July 5 that it will support the upcoming Ontology 2.0 network upgrade. Ontology 2.0 will include the integration of a number of community-led upgrades to its MainNet.

Binance says that it will end support of Neo Enhancement Protocol 5-based, or NEP5, ONT tokens deposits. Any future deposits of NEP5 ONT will not be credited to users' Binance account, it indicates.
More information: https://cointelegraph.com/news/binance-supports-ontology-upgrade-stops-deposit-of-nep5-ont-tokens

Banks & Cryptos / CBDC is the Most Important Trend in Payments Says Visa Crypto Chief

« on: July 05, 2020, 04:52:49 PM »

Visa’s head of crypto says CBDC is the most important payments trend in the next decade.
Central Bank Digital Currencies, or CBDC, may just be one of the most important trends over the next decade claims Visa’s head of crypto.

Cuy Sheffield, who runs credit card giant Visa’s crypto projects, tweeted that “as governments evaluate CBDC, the path they decide to take will have major implications for privacy, monetary sovereignty, geopolitics, and financial inclusion, as well as global adoption of crypto dollars and Bitcoin.” He said:
More information: https://cointelegraph.com/news/cbdc-is-the-most-important-trend-in-payments-says-visa-crypto-chief

Bitcoin News & Updates / Bitcoin Price Analyst Says This Can Prevent a Big BTC Drop in Q3 2020

« on: July 05, 2020, 04:47:45 PM »

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. Yet, it has recovered with strength after every pullback.

According to a pseudonymous crypto analyst, Bitcoin could sustain its uptrend if it reclaims the 200-day displaced moving average (DMA). The analyst, known as CryptoKea, said:
More information: https://cointelegraph.com/news/bitcoin-price-analyst-says-this-can-prevent-a-big-btc-drop-in-q3-2020

Terminology / Twitter replaces “non-inclusive” coding terms with newly approved speech

« on: July 05, 2020, 03:10:44 PM »

Twitter followed in the footsteps of Github by removing coding terms associated with slavery.
Twitter has abandoned the use of “master” and “slave” terminology in its programming code. The terminology has links, obviously, to the slave trade.

On June 2, Twitter released a list of “non-inclusive” terms common to programming which they would excise from common use. “Master” and “slave” will turn into “leader” and “follower”; “whitelist” will turn into “denylist” and the gendered “guys” will become “folks.”
More information: https://decrypt.co/34654/twitter-replaces-non-inclusive-coding-terms-with-newly-approved-speech

Ethereum News & Updates / Philippines' SEC just denounced the top Ethereum dapp as a Ponzi

« on: July 05, 2020, 03:06:54 PM »

Forsage is the No.1 Dapp on Ethereum, a likely Ponzi, and responsible for rising ETH transaction fees.
A gas-guzzling Ethereum dapp that accounts for 25% of activity on Ethereum network has been denounced as a potential Ponzi scheme by the Philippines Securities and Exchange Commision.

An announcement from its SEC on June 30 advised users of the dapp in question, Forsage, to stop using it immediately, and demanded that the owner officially register with the commission.
More information: https://decrypt.co/34640/philippines-sec-just-denounced-the-top-ethereum-dapp-as-a-ponzi

Bitcoin News & Updates / Bitcoin Price Consolidating But What Happens if $9K Support Is Lost?

« on: July 05, 2020, 02:52:08 PM »

Several signs are pointing to a new bear market for Bitcoin as mining chip manufacturers are feeling the pinch from the halving and the global economic downturn.
Bitcoin (BTC) has failed to challenge the multi-year resistance of $10,500 since the beginning of June 2020. This extended period of chop will ultimately result in one of two inevitable outcomes.

Either a massive green candle to catch bears off guard or a period of profit-taking that will see the leading digital crypto-asset fall to sub $8K levels in the coming weeks.

But what signs can we look out for to determine which direction the largest cryptocurrency by market capitalization will go?
More information: https://cointelegraph.com/news/bitcoin-price-consolidating-but-what-happens-if-9k-support-is-lost