Saturday, July 11

Crypto News

South Korea Brings Blockchain to Healthcare, but That’s Just the Start
Crypto News

South Korea Brings Blockchain to Healthcare, but That’s Just the Start

The government of South Korea is trying its best to adopt blockchain technology in various industries. The country’s central bank is reviewing the use of a central bank digital currency, and various government ministries want to adopt decentralized identification features within their current systems. Hospitals, pharmaceutical companies and research centers are also looking at blockchain solutions. Everyone knows that blockchain can help the medical industry, but at the same time, applying a new blockchain service structure to traditional industries is not so quick and simple. Lots of testing needs to be done before it can be to be applied in people’s daily lives. The South Korean government is encouraging blockchain technology and conducting several proof-of-concept projects to find a pr...
Data Suggests Bitcoin Price Will Rise as Investor Demographics Shift
Crypto News

Data Suggests Bitcoin Price Will Rise as Investor Demographics Shift

Bitcoin (BTC) has been trading sideways for around a month now and is being outperformed by several other altcoins like Ether (ETH) and Chainlink (LINK). The cryptocurrency also hit the lowest levels of volatility since November 2018.  Moreover, Bitcoin’s trading volume in it’s USDT and USD pairs has decreased by 56% and 44%, while global crypto trading volumes in June are down by 49.3% as well, according to CryptoCompare. While some point to these key factors as the start of a downtrend in Bitcoin price, there are still a few bullish scenarios to look out for. A recent report by Stack Funds found that a shift in investor demographics may soon bring the price of Bitcoin to new highs.  Utilizing data from Coindance, the report found that 50% of Bitcoin investors are millennials....
Key Short-Term Scalability Feature Still Needs Research, Says Vitalik Buterin
Crypto News

Key Short-Term Scalability Feature Still Needs Research, Says Vitalik Buterin

Research into stateless clients for Ethereum is seen as instrumental for the long-term health of the network, but despite all the progress, some fundamental limitations prevent them from being applied in practice for now. At the Unitize conference, Vitalik Buterin, a co-founder of Ethereum, provided an up-to-date picture on the latest progress and problems for the stateless client transition. Stateless clients, in short, are a way to allow nodes to fully participate in validation without having to hold the entire earlier history of the blockchain. The state represents all current balances, smart contracts code and their respective data. Each new block only makes very small alterations to the state, but all of them have to be verified against the entire blockchain, making it a very ineff...
Community Asked for Input to Guide Australia’s Blockchain Roadmap
Crypto News

Community Asked for Input to Guide Australia’s Blockchain Roadmap

The Australian National Blockchain Roadmap Steering Committee has reached out to the wider blockchain community in order to create working groups to explore specific applications of the technology within the supply chain, agricultural and educational sectors. The invitation on the Australian Government’s Department of Industry, Science, Energy and Resources’ website asks interested parties to submit their expressions of interest before the 22nd of July. The working groups will explore and identify use cases and economic opportunities as well as barriers that may prevent adoption across Australia, presenting their findings to the committee by early 2021. Who’s steering this committee? Established in Feb 2020 by Australia’s Ministry of Industry, Science and Technology, the committee consist...
Brave Browser Fork Makes a ‘Bold’ Move Citing Legal Pressure
Crypto News

Brave Browser Fork Makes a ‘Bold’ Move Citing Legal Pressure

Blockchain browser formerly known as ‘Braver’, which originally forked from the open-source Brave browser, rebranded itself to ‘Bold Browser’ earlier today citing legal threats from a ‘certain party.’ Anti-adware fork Braver Browser launched in June following reports of Brave auto-filling the company’s affiliate link into searches for certain crypto exchanges like Binance and Coinbase. Announcing the project in a now-deleted tweet on June 6, the Braver team said it had removed Brave's referral link injection, adding that the full release was going to delete “all adware”, including the Basic Attention Token (BAT) — in-house ERC-20 utility tokens that are awarded to Brave content makers for promoting the platform. Around the same time, Brave co-founder and CEO Brendan Eich tweeted that the...
Record Revenue for Blockchain Gaming Company During Pandemic
Crypto News

Record Revenue for Blockchain Gaming Company During Pandemic

Animoca Brands, the firm behind blockchain-powered games The Sandbox, F1 Delta Time, and Crazy Defense Heroes, has reported unaudited revenue for the first four months of 2020 of $7.34 million amid the COVID-19 pandemic. The first quarter was Animoca Brands’ strongest on record with $4.33 million in revenue, followed by a record month with $3 million during April.  Animoca Brands held $6.08 million in fiat and crypto assets at the end of April. Roughly $770,000 of the company’s holdings comprised Bitcoin (BTC) and Ether (ETH), alongside $1.12 million in various altcoins. Animoca attributed the increase in its crypto holdings to successful sales involving non-fungible tokens (NFTs) for its titles The Sandbox, F1 Delta Time, and Crazy Defense Heroes. NFTs drive ‘property rights revol...
Why Does Binance’s Android App Need to Use Your Microphone?
Crypto News

Why Does Binance’s Android App Need to Use Your Microphone?

Twitter users have raised concerns about the possibility of Binance’s Android app containing spyware. This speculation comes after recent revelations suggest that the social video platform, TikTok, contains spyware created by the Chinese government. According to the Twitter user @ShitcoinSherpa, who posted a certificate issuer’s screenshot, the permissions asked by Binance in its Android app include access to the camera and the ability to record audio. Notedly the app does not appear to have any public features that use these functions: The delicious irony of shitting on TikTok for being Chinese spyware, but still using the Binance app 🙄 pic.twitter.com/rn9RGW2z88 — Sherpa (Visit CoinHQ.tv) (@ShitcoinSherpa) July 8, 2020 Speaking with Cointelegraph, Binance’s Chief Security Officer addr...
Bitcoin S2F Model Creator Reveals 4 Reasons Why He First Bought BTC
Crypto News

Bitcoin S2F Model Creator Reveals 4 Reasons Why He First Bought BTC

Bitcoin (BTC) was the top choice of famous analyst PlanB thanks to its scarcity and zero likelihood of negative interest rates. In a series of tweets on July 7, the creator of Bitcoin’s stock-to-flow price model explained what drove him to buy the cryptocurrency. PlanB: “Most people are asleep” on BTC PlanB has become well known as an outspoken BTC supporter. His price model has undergone several incarnations, and currently predicts a Bitcoin price of $288,000 by 2024. So far, stock-to-flow has tracked Bitcoin’s metamorphosis with almost 100% accuracy. Before he created it, however, PlanB was eyeing macro factors and an exit from fiat currency. He wrote on Twitter: “Why I bought #bitcoin in 2015-2016 (before the model):  - 46M millionaires in the world, only 21M BTC  - can't us...
CFTC Is Waiting on SEC to Allow Futures Trading of More Digital Assets, Says CFTC Chairman
Crypto News

CFTC Is Waiting on SEC to Allow Futures Trading of More Digital Assets, Says CFTC Chairman

In a July 7 interview with predecessor Jim Newsome, current Chairman of the Commodity Futures Trading Commission (CFTC) Heath Tarbert ran down a list of pending concerns standing between cryptocurrencies and the long-awaited promised land of regulatory clarity. Securities regulation and the CFTC’s purview Tarbert was careful to outline the distinction between the work of the CFTC and its elder brother regulator, the Securities and Exchange Commission, or SEC.  The determination of whether a digital asset is a security is “the sole province of the SEC,” Tarbert explained. “If their determination is that it’s not a security then we can start taking it under our own purview.”  He continued: “Once you start seeing more clarity on whether something is or is not a security, you wil...
Binance Expands Fiat Gateway to Support 15 New National Currencies
Crypto News

Binance Expands Fiat Gateway to Support 15 New National Currencies

Major cryptocurrency exchange Binance has added support for deposits in 15 additional fiat currencies to its platform. According to a July 7 announcement, Binance added support for the United Arab Emirates dirham, Australian dollar, Canadian dollar, Swiss franc, Czech koruna, euro, British pound, Hong Kong dollar, Danish krone, Hungarian forint, Mexican peso, Norwegian krone, New Zealand dollar, Polish złoty and Swedish krona. Binance added the new currencies through a partnership with crypto asset and fiat money institutional custodian Etana Custody. Binance CFO Wei Zhou told Cointelegraph that users can transfer the funds via SWIFT wire transfer, adding, "After linking Binance accounts to Etana accounts, Binance users can wire funds directly from their bank accounts to Etana, and then...