CryptoDaily;  Australia, Venezuela, Reserve Bank of India, Ethereum Co-founder; August 30,2018 22045

 

BLOCKCHAIN NEWS  

Andreessen Horowitz makes a huge bet by only trusting blockchain project

Andreessen Horowitz, a prominent venture capital firm in America has poured maximum capital in a blockchain project called Dfinity Foundation. The latter is a newly emerging start-up having a promising future of being the basis for the upcoming Internet. Dfinity, a project based on blockchain technology in a private token sale to the accredited investors have raised $103 million. Read more

Australia gears up to refurbish legal industry with blockchain; CSIRO, IBM support

Australia is trying to refurbish its digital economy with blockchain, and to attain the same, Australia’s Commonwealth Scientific and Industrial Research Organisation (CSIRO) has joined hands with IBM and law firm Herbert Smith Freehills.CSIRO made the announcement on its website, stating: “CSIRO’s Data61 has formed a consortium with law firm Herbert Smith Freehills and IBM to build Australia’s first cross-industry, large-scale, digital platform to enable Australian businesses to collaborate using blockchain-based smart legal contracts.” Read more

OECD to organize international conference on blockchain next month

The Organization for Economic Co-operation and Development (OECD) announced on Wednesday that it plans to host an international conference on blockchain in Paris on September 4 and September 5.The conference will feature OECD Secretary General Angel Gurría, the prime ministers of Serbia, Bermuda and the Republic of Mauritius and the State Secretary of Slovenia.The event will examine the impact of blockchain on government activities and how it is having an impact on various other industries. Read more

Blockchain startup Dfinity raises $102 million in funding

blockchain startup which has its sights set on the ‘Internet Computer’ has raised $102 million in funding from Andreessen Horowitz and crypto hedge fund Polychain Capital, among others. The money will be used to hire employees and fund other initiatives that would help them challenge the status quo in the cloud services arena.The blockchain-based project, known as the Dfinity Foundation raised $102 million in a private sale of tokens to accredited investors, taking its total capital raised to more than $190 million. Read more

CRYPTOCURRENCY NEWS

Ethereum Co-founder Joseph Lubin ‘not sure’ about Tether Bitcoin price manipulation

Ethereum co-founder Joseph Lubin recent revealed his view regarding the market manipulation accusations against stablecoin Tether (USDT). The accusations came when the Bitcoin (BTC) price went up to its all-time high of $20,000 and a study conducted by analysts from the University of Texas published the report in June 2017.As per the released report, the pattern followed by Tether in conducting the transaction was basically, “used to provide price support and manipulate cryptocurrency prices. Read more

Venezuela breaks Bitcoin trading records by surpassing 500 million bolivars

A recent report noted that the trading between Bitcoin and the Venezuelan Bolivar (VES) surpassed 500 million for the first time last week. With this, BTC/VES broke all past records.The data from Coin Dance as cited by Bitcoinist confirmed that BTC/VES achieve volumes that was never seen before. Interestingly, the results were out the week Venezuela revalued the bolivar to create new Sovereign Bolivar. In the process the currency value got lowered by 96 percent. Read more

Reserve Bank of India [RBI] seeks to explore Central Bank Digital Currency: Annual Report

The released Annual Report 2017-18 of Reserve Bank of India sheds light on venturing into the feasibility of digital currency for payment. The report has been released by the Indian central bank on 29th August, that is, yesterday. RBI envisions to develop central bank digital currency [CBDC] in the domestic payment system and with this initiative the bank adds itself to the list of other global central banks having similar vision. Read more

Hackers in China sell data of 130mn hotel’s customers on dark web for Bitcoin (BTC)

No matter how much prominent organizations and individuals take the initiative of curbing cybercrimes like hacking, it continues to go out of hands. This time, an elaborate hacking incident occurred in China. As per reports, hackers have not only revealed but also sold personal information of more than 130 million hotel guests on a Chinese Dark Web forum for 8 Bitcoin that values approximately $56,000. Read more

Crypto-Terrorism: A not-so-distant possibility

Cryptocurrencies have been an incredible development in the realm of both finance and technology, they are pegged on their ability to maintain autonomy and keep a decentralised system in place with the elimination of a mediator, whether it be a government or a private individual. For these reasons and more, the unorganised sector, primarily, is using digital currencies like bitcoins [BTC], ethereum [ETH], ripple’s XRP for payments across vast distances and to conceal end to end identity. Read more

Rimini F.C. 1912 makes history as the first football club purchased with cryptocurrency

The relationship between cryptocurrencies and sports, particularly with football, kick started long back. But it is the first time that virtual currencies have been used to purchase a football club. Rimini F.C. 1912, an Italian association football club, is now the first club that has been purchased using cryptocurrency.As reported by Ethereum World News, Rimini FC invested in Quantocoin. The purchase came in as a part of the same. Running on blockchain, Quantocoin is a global alternative asset with immediate liquidity and currency functionality.  Read more

Terra wins backing from Binance, Okex, Huobi, Upbit; raises $32 million to support its stablecoin project

A new stablecoin is to join the crypto sphere soon as it gets backing from major crypto exchanges such as Binance, Okex, Huobi and Upbit. The new fiat-pegged crypto known as Terra announced on Thursday that it has raised an initial $32 million in the seed funding round.According to Bitcoin.com, the seed funding round included Binance Labs, Okex, Huobi Capital, and Dunamu & Partners (the investment firm of Upbit operator). Read more

Bitcoin transaction accelerates with Spark wallet using Lightning Network

Spark wallet, latest technological development expedites transaction of Bitcoin, its receiving and sending leveraging Lightning Network. The Ligtning Network enhances the growth and speed of transaction among the nodes. These technologically based endeavours are fundamentally directed towards making transaction of the top most cryptocurrency, Bitcoin in the crypto domain in an affordable, more secured and at a faster rate. Read more

Tron launches TVM, reveals what Project Atlas is & custom token plans

Tron launched its much-awaited Tron Virtual Machine (TVM), and shared some crucial information and insights during the event. The event was live streamed and was majorly covered in four parts – the progress of Tron, features of TVM, details about the Project Atlas and meeting the US team.While taking about the progress of Tron, Justin Sun, shared a few stats showing the growth of the network as compared to other cryptos. Read more

Smart Economy Wiki offering clarity and insight within the NEO ecosystem

Smart Economy Wiki (SEWiki), a community effort that focuses to cover all topics related to Smart Economy in a very simplified manner that is easy to comprehend. It strives to cater clarity and insight into various ‘social, technical, and project-based sources of information’ within the NEO ecosystem. Read more

Ripple’s XRP excluded as Yahoo Finance integrates Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC)

Yahoo raised a fervor in the cryptocurrency market by integrating a new dimension into their system. Furthering the trend of cryptocurrency adoption, Yahoo Finance has added the buying and selling of Bitcoin [BTC], Ethereum [ETH], and Litecoin [LTC]. Other prominent cryptocurrencies like Ripple’s XRP, Bitcoin Cash, Stellar XLM, and others do not have the same options on such platforms.This positive push in the digital currency market has been voiced by the crypto community as an impetus for crypto adoption.  Read more

Russian Federal Monitoring Service gears up to track crypto transactions

According to a report by BBC News Russia, the Russian Federal Financial Monitoring Service has ordered the development of an analytical tool to track cryptocurrency transactions, especially those in Bitcoin (BTC).The main aim of the application, which will be integrated in a comprehensive monitoring system by the end of 2018 is to take care of the fraud schemes and put a lid on money laundering and terrorism funding. The tool is expected to link various fragmented cases and provide a complete picture to the authorities. Read more

Venezuelan adoption of Dash gives a push to price

The recent adoption of Dash in Venezuela is not just a testimony to the cryptocurrency’s determination but also gives impetus to valuation. Ryan Taylor, the CEO of Dash has expressed his views on the company’s collaboration with Kripto. The CEO has stated, “Our partnership with Kripto will put all the components needed to use Dash preloaded into the phones of 10,000 new Venezuelan consumers every month. Read more

China continues its drive against cryptocurrency promotional events

China’s crackdown on cryptocurrencies continues unhindered with the ban on commercial venues hosting promotional events for cryptocurrencies being extended to Guangzhou Development District, reports local media outlet Jiemian.The Guangzhou Development District was established in the 1980s and is one of China’s first special economic zones. It has issued a notice that bans the hosting of events promoting cryptocurrencies, citing “maintaining the security and stability of the financial system” as part of the reason. Read more

Square wins patent for network that processes cryptocurrency payments

With each passing day, cryptocurrency adoption has risen and will likely continue to spread owing to recent progress in the space. Payments processor Square Inc recently won a patent for a payment network which will allow merchants to accept payments in any currency – including digital coins.According to public documents dated August 21, the U.S. Patent & Trademark Office (USPTO) has approved the application filed by the company in September last year. Read more

Bittrex to launch ZCash [ZEC] and Cardano [ADA] USD trading pairs

Bittrex, a real-time trading platform, announced that it will introduce two new USD trading pairs to its trading platform. The exchange tweeted that it will launch USD markets for Cardano and ZCash. The cryptocurrency exchange supports both personal and corporate accounts for  US Dollar (USD) trading, deposits, and withdrawals. Initially, Bittrex was only trading to corporate customers but later added retail customers. “We’re using a phased approach for adding markets and customers. Read more

Lisk [LSK] ushers in new era as Lisk Core 1.0 migration to Mainnet begins

Lisk [LSK] has marked a new milestone on Wednesday. Lisk Core 1.0 migration to its Mainnet officially began, after months of stringent development and testing. Now, all Mainnet nodes should be upgraded to Lisk Core 1.0 from the earlier Core 0.9.16 version.The team behind the decentralized altcoin had earlier said that the migration would only begin once a block height of 6,901,027 was reached. As predicted by the developers, the block height was reached on Wednesday. Read more

North Korea gets shortly involved in Bitcoin mining operation: Report

A research report has suggested that in 2017 for a short time-span, North Korea endeavoured mining of cryptocurrency, namely, Bitcoin. The report has been released yesterday, 28th August, 2018 based on the research conducted by Korea Development Bank [KDB] of South Korea. The findings of the research has suggested that from May to July, 2017 North Korea engaged in the activity of Bitcoin mining. Read more

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Published on

2018-08-30 15:33:33

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priya

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