BNB rate increased by 15% amid CEO Binance statements
The CEO of the Binance Cryptocurrency Exchange Changpeng Zhao held a stream in Periscope this morning, during which he answered several troubling users questions.
The first topic touched on Zhao was delisting at Binance. “Delisting is necessary,” he said. - When we list a project, it must meet certain criteria. Over time, the project may fall below the standard level. If you have a large user base, then there is practical value. If you have a few users, you should at least have a product. If you do not have this, then you should at least set a time frame for the implementation of your plan. If you had an ICO and you don’t have a product, then you don’t look very good. ”
According to Zhao, Binance is trying to maintain relationships with all the projects represented on its platform, but some of them no longer have contact with the exchange. However, Binance does not notify tokens issuers about the upcoming delisting in advance, so as not to transfer insider information to them that may affect the market.
Speaking about the structure of campaigns on the Binance Launchpad platform, Zhao noted that they are deliberately organized in such a way as to create high demand and at the same time leave most of the investors overboard. “When in the end this coin passes listing, due to high demand, its price will rise even higher,” he explained. - If everyone is allocated $ 1, then people will not be interested. Most likely, we will preserve this structure for the next few campaigns, after which we will look for opportunities to improve it. ”
Zhao promised today to announce the next campaign on the Binance Launchpad. He also said that at the current stage, the platform plans to conduct 1-2 campaigns per month, but does not have a clear schedule, instead of attracting promising projects as they are discovered.
According to Zhao, his company-issued BNB token currently has a higher practical value than most existing digital assets. Binance intends to continue to expand the list of partners that allow the use of BNB in their services.
In addition, BNB will become the Binance Chain blockchain's own token and the Binance DEX exchange. Zhao said that eight relatively large projects had already agreed to transfer their tokens from Ethereum to Binance Chain in order to take advantage of the new blockchain, but did not clarify their names.
The rate of BNB grew during and after the stream, for a total of about 15% in that time.
The CEO of the Binance Cryptocurrency Exchange Changpeng Zhao held a stream in Periscope this morning, during which he answered several troubling users questions.
The first topic touched on Zhao was delisting at Binance. “Delisting is necessary,” he said. - When we list a project, it must meet certain criteria. Over time, the project may fall below the standard level. If you have a large user base, then there is practical value. If you have a few users, you should at least have a product. If you do not have this, then you should at least set a time frame for the implementation of your plan. If you had an ICO and you don’t have a product, then you don’t look very good. ”
According to Zhao, Binance is trying to maintain relationships with all the projects represented on its platform, but some of them no longer have contact with the exchange. However, Binance does not notify tokens issuers about the upcoming delisting in advance, so as not to transfer insider information to them that may affect the market.
Speaking about the structure of campaigns on the Binance Launchpad platform, Zhao noted that they are deliberately organized in such a way as to create high demand and at the same time leave most of the investors overboard. “When in the end this coin passes listing, due to high demand, its price will rise even higher,” he explained. - If everyone is allocated $ 1, then people will not be interested. Most likely, we will preserve this structure for the next few campaigns, after which we will look for opportunities to improve it. ”
Zhao promised today to announce the next campaign on the Binance Launchpad. He also said that at the current stage, the platform plans to conduct 1-2 campaigns per month, but does not have a clear schedule, instead of attracting promising projects as they are discovered.
According to Zhao, his company-issued BNB token currently has a higher practical value than most existing digital assets. Binance intends to continue to expand the list of partners that allow the use of BNB in their services.
In addition, BNB will become the Binance Chain blockchain's own token and the Binance DEX exchange. Zhao said that eight relatively large projects had already agreed to transfer their tokens from Ethereum to Binance Chain in order to take advantage of the new blockchain, but did not clarify their names.
The rate of BNB grew during and after the stream, for a total of about 15% in that time.
The Bittrex cryptocurrency exchange after a failed attempt to launch the first IEO on its platform this Tuesday announced the initial exchange offer of the VeriBlock project, which starts on April 2 at 19:00 Moscow time.
During the campaign, the minimum purchase limit for one account is 100 VBK or about $ 10, the maximum is 200,000 VBK or $ 20,000. A course on Bitcoin that will be used for investment will be set 24 hours before the start of sales.
The initial offer of VBK coins is 283,000,000. Of these, 70,000,000 VBK or 24.7% will be put up for sale through Bittrex International. The distribution of tokens in favor of investors will be made on April 5. Then the campaign will end if the maximum limit of $ 7 million is not reached earlier.
Earlier, community members called VeriBlock the main contender for IEO using Bittrex infrastructure, not least because Bill Shihara, the exchange's CEO, is a project consultant. “Thus, Bittrex has a minority share in the company affiliated with the sponsor of IEO VBK, which is why the successful holding of IEO is indirectly a favorable outcome for the exchange,” the announcement says.
According to the description on the VeriBlock website, the project is creating “decentralized, not requiring to trust third parties and transparent technologies to protect and scale the blockchain ecosystem”.
According to Bitcoin Magazine, yesterday the launch of the main VeriBlock network took place, after the technology was tested throughout the year. The VeriBlock model allows you to use Bitcoin blockchain protection against 51% attacks by third-party blockchains, connecting them with the first cryptocurrency blockchain, which in turn increases confidence in less secure networks among exchanges, purses, merchants and other ecosystem participants. Bitcoin blockchain in this case is used to save information about the state of third-party blockchains in transactions. Subsequently, similar blockchain snapshots can be used to determine the actual chain in the event of a 51% attack.
Earlier it was assumed that the first Bittopex IEO will be carried out by a RAID project, but the campaign was canceled due to the failure of an agreement with a key partner at the last moment.
During the campaign, the minimum purchase limit for one account is 100 VBK or about $ 10, the maximum is 200,000 VBK or $ 20,000. A course on Bitcoin that will be used for investment will be set 24 hours before the start of sales.
The initial offer of VBK coins is 283,000,000. Of these, 70,000,000 VBK or 24.7% will be put up for sale through Bittrex International. The distribution of tokens in favor of investors will be made on April 5. Then the campaign will end if the maximum limit of $ 7 million is not reached earlier.
Earlier, community members called VeriBlock the main contender for IEO using Bittrex infrastructure, not least because Bill Shihara, the exchange's CEO, is a project consultant. “Thus, Bittrex has a minority share in the company affiliated with the sponsor of IEO VBK, which is why the successful holding of IEO is indirectly a favorable outcome for the exchange,” the announcement says.
According to the description on the VeriBlock website, the project is creating “decentralized, not requiring to trust third parties and transparent technologies to protect and scale the blockchain ecosystem”.
According to Bitcoin Magazine, yesterday the launch of the main VeriBlock network took place, after the technology was tested throughout the year. The VeriBlock model allows you to use Bitcoin blockchain protection against 51% attacks by third-party blockchains, connecting them with the first cryptocurrency blockchain, which in turn increases confidence in less secure networks among exchanges, purses, merchants and other ecosystem participants. Bitcoin blockchain in this case is used to save information about the state of third-party blockchains in transactions. Subsequently, similar blockchain snapshots can be used to determine the actual chain in the event of a 51% attack.
Earlier it was assumed that the first Bittopex IEO will be carried out by a RAID project, but the campaign was canceled due to the failure of an agreement with a key partner at the last moment.
South Korean police launched an active phase of investigating the circumstances of the hacking of the Bithumb cryptocurrency exchange, which lost $ 12.6 million as a result of an attack last month.
On March 30, Bithumb reported that it suspects hacking of its own employees. “An internal audit showed that this incident can be considered an“ incident involving insiders, ”the company said at the time.
This week, police began exploring external servers and IP addresses that may be relevant to this attack, thus allowing it to be organized by non-Bithumb employees. The ministry acknowledged that the investigation of crimes committed by means of the Internet causes certain difficulties, regardless of whether the attacker is connected with the company or not.
The representative of Bithumb in the conversation MoneyToday has once again confirmed that only the company's operating funds became the prey of the intruders, while the clients' assets are completely safe on cold wallets.
Also this Monday, it became known that Bithumb raised $ 200 million from the Japanese blockchain fund ST.
On March 30, Bithumb reported that it suspects hacking of its own employees. “An internal audit showed that this incident can be considered an“ incident involving insiders, ”the company said at the time.
This week, police began exploring external servers and IP addresses that may be relevant to this attack, thus allowing it to be organized by non-Bithumb employees. The ministry acknowledged that the investigation of crimes committed by means of the Internet causes certain difficulties, regardless of whether the attacker is connected with the company or not.
The representative of Bithumb in the conversation MoneyToday has once again confirmed that only the company's operating funds became the prey of the intruders, while the clients' assets are completely safe on cold wallets.
Also this Monday, it became known that Bithumb raised $ 200 million from the Japanese blockchain fund ST.
Binance resumed trading after breaking $ 40 million bitcoins
Binance cryptocurrency exchange resumed trading activities. Now users can cancel open orders, deposit cryptocurrencies into their Binance account and, of course, buy and sell cryptocurrencies. You cannot yet bring crypto assets to an external wallet, but the company says that this feature will be available soon.
Last week, the company suffered from data hacking, as a result of which hackers stole the equivalent of bitcoin worth more than $ 40 million. Hackers stole API keys, two-factor codes and other information to transfer more than 7,000 bitcoins to their own wallets. Binance covered bitcoins lost at their own expense.
Shortly after the company noticed the hacking, the company blocked some functions on the platform to perform a security check. In particular, withdrawals and deposits were frozen for a week so that hackers could not steal more crypto assets.
Given that anyone can track stolen bitcoins by looking at bitcoin blockchain transactions, Binance is in talks with other exchanges to track and freeze stolen assets.
Binance cryptocurrency exchange resumed trading activities. Now users can cancel open orders, deposit cryptocurrencies into their Binance account and, of course, buy and sell cryptocurrencies. You cannot yet bring crypto assets to an external wallet, but the company says that this feature will be available soon.
Last week, the company suffered from data hacking, as a result of which hackers stole the equivalent of bitcoin worth more than $ 40 million. Hackers stole API keys, two-factor codes and other information to transfer more than 7,000 bitcoins to their own wallets. Binance covered bitcoins lost at their own expense.
Shortly after the company noticed the hacking, the company blocked some functions on the platform to perform a security check. In particular, withdrawals and deposits were frozen for a week so that hackers could not steal more crypto assets.
Given that anyone can track stolen bitcoins by looking at bitcoin blockchain transactions, Binance is in talks with other exchanges to track and freeze stolen assets.
Amazon patented a cryptographic system on the Proof-of-Work mechanism.
Amazon Corporation this week received a patent for the use of various methods for creating cryptographic systems based on the Proof-of-Work mechanism, similar to those used in the blockchains of cryptocurrencies.
Initially, the application was issued by the company in 2016. It describes the principle of generating the Merlka tree in the process of solving PoW-tasks, which can then be used to verify data transmitted between computers and in peer-to-peer networks to confirm the reliability of the blocks.
According to the application, the proposed solution may be useful in preventing DoS and DDoS attacks that computer networks are often subjected to. “Requesting valid evidence of the work done can weaken such attacks since their participants will have to generate correct solutions, which may require computational resources in the attacked systems and significantly reduce the frequency with which individuals participating in such attacks can send requests,” the company writes.
The patent mentions the concepts of “cryptographic key” and “digital signature”, but such concepts as, for example, blockchain or cryptocurrency are not disclosed.
This week, Amazon Web Services general manager Rahul Pathak commented on the possibility of his company issuing its own cryptocurrency or integration of cryptocurrency payments. “If this is something that matters to our customers, we will find an opportunity to form a fuller point of view,” he said.
Amazon Corporation this week received a patent for the use of various methods for creating cryptographic systems based on the Proof-of-Work mechanism, similar to those used in the blockchains of cryptocurrencies.
Initially, the application was issued by the company in 2016. It describes the principle of generating the Merlka tree in the process of solving PoW-tasks, which can then be used to verify data transmitted between computers and in peer-to-peer networks to confirm the reliability of the blocks.
According to the application, the proposed solution may be useful in preventing DoS and DDoS attacks that computer networks are often subjected to. “Requesting valid evidence of the work done can weaken such attacks since their participants will have to generate correct solutions, which may require computational resources in the attacked systems and significantly reduce the frequency with which individuals participating in such attacks can send requests,” the company writes.
The patent mentions the concepts of “cryptographic key” and “digital signature”, but such concepts as, for example, blockchain or cryptocurrency are not disclosed.
This week, Amazon Web Services general manager Rahul Pathak commented on the possibility of his company issuing its own cryptocurrency or integration of cryptocurrency payments. “If this is something that matters to our customers, we will find an opportunity to form a fuller point of view,” he said.
Ex-employee Merrill Lynch fined mining for cryptocurrency outside of work
The Financial Services Regulatory Authority (FINRA) fined and removed a former employee of Merrill Lynch from his current position because he was engaged in mining cryptocurrency during off-hours without the notification required in such cases.
According to Finance Feeds, from March 20, 2014 to April 10, 2018, Kyung Soo Kim was registered as a securities representative through the association Merrill Lynch, Pierce, Fenner & Smith Incorporated. On March 14, 2018, Merrill Lynch issued a notice to representatives of the securities industry about Kim being dismissed, including due to the “failure to provide information about business activity outside the company.”
In December 2017, Kim was engaged in third-party business, without first notifying the bank in writing. As a result, he immediately violated two FINRA rules, one of which requires registered participants in the securities industry to report on any third-party activity in the prescribed manner, and the second - that they adhere to high standards of honor in commercial activities.
At the end of 2017, Kim founded the company “S Corporation”, the sole director and owner of which he was in charge of mining cryptocurrency. Kim opened an account at the bank and credited it with a certain amount, signed a contract on behalf of S Corporation with the company that produced and serviced mining equipment, and settled with it as part of the contract.
This was enough to remove him from any activity within FINRA for a month, and also to impose a fine of $ 5,000.
The Financial Services Regulatory Authority (FINRA) fined and removed a former employee of Merrill Lynch from his current position because he was engaged in mining cryptocurrency during off-hours without the notification required in such cases.
According to Finance Feeds, from March 20, 2014 to April 10, 2018, Kyung Soo Kim was registered as a securities representative through the association Merrill Lynch, Pierce, Fenner & Smith Incorporated. On March 14, 2018, Merrill Lynch issued a notice to representatives of the securities industry about Kim being dismissed, including due to the “failure to provide information about business activity outside the company.”
In December 2017, Kim was engaged in third-party business, without first notifying the bank in writing. As a result, he immediately violated two FINRA rules, one of which requires registered participants in the securities industry to report on any third-party activity in the prescribed manner, and the second - that they adhere to high standards of honor in commercial activities.
At the end of 2017, Kim founded the company “S Corporation”, the sole director and owner of which he was in charge of mining cryptocurrency. Kim opened an account at the bank and credited it with a certain amount, signed a contract on behalf of S Corporation with the company that produced and serviced mining equipment, and settled with it as part of the contract.
This was enough to remove him from any activity within FINRA for a month, and also to impose a fine of $ 5,000.
The number of Ethereum transactions per day exceeded 1 million and reached an annual maximum.
On June 28, the number of transactions made overnight in the Ethereum cryptocurrency network for the first time since May 2018 exceeded 1 million, according to data from the blockchain browser Etherscan.
According to Etherscan, on June 28, 1,004,170 confirmed transactions were recorded in the Ethereum blockchain. This value is still significantly lower than the historical maximum of 1,349,890 transactions recorded on January 4 of last year.
Despite the overall growth in online activity, transaction fees are still around 5 cents.
The number of active ETH addresses is currently also at levels comparable to May 2018.
At the same time, the amount of assets transferred through ETH also increased. In February, this indicator reached a local minimum of about $ 100 million per day. Now the value is about $ 1.25 billion, which is still significantly less than the highs of January last year.
In April, the analytical company Diar drew attention to the new historical maximum in terms of the volume of assets transferred through the Ethereum decentralized applications - their sum was 776,000 ETH.
On June 28, the number of transactions made overnight in the Ethereum cryptocurrency network for the first time since May 2018 exceeded 1 million, according to data from the blockchain browser Etherscan.
According to Etherscan, on June 28, 1,004,170 confirmed transactions were recorded in the Ethereum blockchain. This value is still significantly lower than the historical maximum of 1,349,890 transactions recorded on January 4 of last year.
Despite the overall growth in online activity, transaction fees are still around 5 cents.
The number of active ETH addresses is currently also at levels comparable to May 2018.
At the same time, the amount of assets transferred through ETH also increased. In February, this indicator reached a local minimum of about $ 100 million per day. Now the value is about $ 1.25 billion, which is still significantly less than the highs of January last year.
In April, the analytical company Diar drew attention to the new historical maximum in terms of the volume of assets transferred through the Ethereum decentralized applications - their sum was 776,000 ETH.
Chainanalysis: only 1% of bitcoins were used in criminal schemes
A study by Chainanalysis says that in the first half of 2019, the use of bitcoin in criminal schemes turned out to be insignificant.
Only 1% of bitcoins worth up to $ 515 million appeared in questionable operations. However, analysts fear that by the end of this year, the scale of bitcoin transactions in the criminal business could grow to $ 1 billion.
Chainanalysis Executive Director Hannah Curtis said that even if the volume of criminal use of Bitcoin and reached $ 1 billion, in general, we are seeing a positive trend.
Operations with the largest cryptocurrency are increasingly included in the legal framework and mainly carried out in the legal sector. In 2012, up to 7% of bitcoin transactions were related to crime, but now this figure has dropped to 1%, said a top manager.
The interest of criminals in Bitcoin persists in many countries, but still, most of the shadow operations are still held in fiat money.
Almost all criminal schemes with the use of BTC are implemented through the so-called Darkweb, that is, the shadow markets on the Internet. For cryptocurrency, you can buy drugs, weapons and prohibited content, such as pornography.
A study by Chainanalysis says that in the first half of 2019, the use of bitcoin in criminal schemes turned out to be insignificant.
Only 1% of bitcoins worth up to $ 515 million appeared in questionable operations. However, analysts fear that by the end of this year, the scale of bitcoin transactions in the criminal business could grow to $ 1 billion.
Chainanalysis Executive Director Hannah Curtis said that even if the volume of criminal use of Bitcoin and reached $ 1 billion, in general, we are seeing a positive trend.
Operations with the largest cryptocurrency are increasingly included in the legal framework and mainly carried out in the legal sector. In 2012, up to 7% of bitcoin transactions were related to crime, but now this figure has dropped to 1%, said a top manager.
The interest of criminals in Bitcoin persists in many countries, but still, most of the shadow operations are still held in fiat money.
Almost all criminal schemes with the use of BTC are implemented through the so-called Darkweb, that is, the shadow markets on the Internet. For cryptocurrency, you can buy drugs, weapons and prohibited content, such as pornography.
Coinbase will allow its clients to track the actions of leading traders
This Thursday, the U.S. exchange of cryptocurrencies Coinbase has introduced a new tool, thanks to which its users will be able to monitor the actions of large traders.
From now on, the exchange's clients will receive data on the actions of 10% of the leading traders without any information about them. It is assumed that these data users will be able to use in the formation of their investment strategies.
The transmitted signals for each of the available assets will be divided into three categories: the activity of the largest holders, the average number of days of storage cryptocurrencies before the sale or withdrawal and their correlation with each other.
"These new signals will complement the usual market data we already provide and will help build a better understanding and comparison of cryptocurrencies and their communities, allowing Coinbase clients to think outside the box when forming cryptocurrency portfolios," the company writes.
On Wednesday it became known that Coinbase turned off the possibility of making deposits for its British clients through the system Faster Payments, which will temporarily require them to use a less convenient solution offered by SWIFT.
This Thursday, the U.S. exchange of cryptocurrencies Coinbase has introduced a new tool, thanks to which its users will be able to monitor the actions of large traders.
From now on, the exchange's clients will receive data on the actions of 10% of the leading traders without any information about them. It is assumed that these data users will be able to use in the formation of their investment strategies.
The transmitted signals for each of the available assets will be divided into three categories: the activity of the largest holders, the average number of days of storage cryptocurrencies before the sale or withdrawal and their correlation with each other.
"These new signals will complement the usual market data we already provide and will help build a better understanding and comparison of cryptocurrencies and their communities, allowing Coinbase clients to think outside the box when forming cryptocurrency portfolios," the company writes.
On Wednesday it became known that Coinbase turned off the possibility of making deposits for its British clients through the system Faster Payments, which will temporarily require them to use a less convenient solution offered by SWIFT.
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From the beginning of 2019 to the end…
In late April, the Brave desktop browser started rewarding users for viewing privacy-preserving Brave Ads. This allowed users to receive 70% of the ad revenue share as a reward in BAT.
From the beginning of 2019 to the end…
US Department of Justice has launched a large-scale verification of Facebook, Amazon, Google, and Apple
The US Department of Justice is launching large-scale inspections of Internet giants such as Facebook, Amazon, Google, and possibly Apple.
The initiator of inspections was the anti-monopoly department of the ministry. About this step was reported by Reuters, but officially the names of the companies are not mentioned, said Deutsche Welle.
In June, the media have already reported that the US Congress plans to examine the activities of Google and the social networking site Facebook, checking it for compliance with antitrust laws.
Now, the Ministry of Justice intends, in particular, to check “how online platforms leading in the market have reached their influence and whether they are involved in practices that reduce competition, whether they are oppressing innovations or otherwise harm consumers”.
Also, Facebook will pay a record $ 5 billion fine in the US as part of a government investigation regarding a social network approach to protecting users' data.
Reuters, referring to the US Federal Trade Commission, reports that the social network will also revise its approach to ensuring confidentiality. The commission said that Facebook’s user data policy was “misleading” against tens of millions of users who used the face recognition system of the social network. She also broke the rules when collecting user phone numbers for security reasons. In the future, the numbers could be used for advertising.
Nevertheless, the Democrats believe that this method of settlement is "insufficient". Commissioner Rohit Chopra, in particular, said that the penalty “provides immunity” for Facebook executives does not impose any real restrictions on the business model of the social network and “does not correct the fundamental problems that led to these violations.”
Previously, Facebook co-founder Chris Hughes in a column for The New York Times called on the US government to limit the influence of Facebook and the power of Mark Zuckerberg. He proposed to divide Facebook, Instagram, and WhatsApp into independent companies, and also to create a government agency in the USA to control the technology market.
Amid this news, Facebook and other American Internet giants are falling in price.
The heightened interest of American departments in Facebook may negatively affect the upcoming launch of Libra cryptocurrency, which has already attracted sharp criticism from many influential politicians and financial regulators from different countries.
The US Department of Justice is launching large-scale inspections of Internet giants such as Facebook, Amazon, Google, and possibly Apple.
The initiator of inspections was the anti-monopoly department of the ministry. About this step was reported by Reuters, but officially the names of the companies are not mentioned, said Deutsche Welle.
In June, the media have already reported that the US Congress plans to examine the activities of Google and the social networking site Facebook, checking it for compliance with antitrust laws.
Now, the Ministry of Justice intends, in particular, to check “how online platforms leading in the market have reached their influence and whether they are involved in practices that reduce competition, whether they are oppressing innovations or otherwise harm consumers”.
Also, Facebook will pay a record $ 5 billion fine in the US as part of a government investigation regarding a social network approach to protecting users' data.
Reuters, referring to the US Federal Trade Commission, reports that the social network will also revise its approach to ensuring confidentiality. The commission said that Facebook’s user data policy was “misleading” against tens of millions of users who used the face recognition system of the social network. She also broke the rules when collecting user phone numbers for security reasons. In the future, the numbers could be used for advertising.
Nevertheless, the Democrats believe that this method of settlement is "insufficient". Commissioner Rohit Chopra, in particular, said that the penalty “provides immunity” for Facebook executives does not impose any real restrictions on the business model of the social network and “does not correct the fundamental problems that led to these violations.”
Previously, Facebook co-founder Chris Hughes in a column for The New York Times called on the US government to limit the influence of Facebook and the power of Mark Zuckerberg. He proposed to divide Facebook, Instagram, and WhatsApp into independent companies, and also to create a government agency in the USA to control the technology market.
Amid this news, Facebook and other American Internet giants are falling in price.
The heightened interest of American departments in Facebook may negatively affect the upcoming launch of Libra cryptocurrency, which has already attracted sharp criticism from many influential politicians and financial regulators from different countries.
85% of all bitcoins have been mined to date
85% of the maximum bitcoin emission volume has been received by today, draws the attention of the Cointelegraph.
According to blockchain columnist Blockchain.com, this Thursday the 17,850,000th bitcoin was released. As a result, there are still 3.15 million bitcoins left that miners will have to mine over the next 120 years - until 2140.
Thus, only 17.85 million people can currently own the whole bitcoin. In reality, however, some of the bitcoins are considered permanently lost, which is why the amount of available cryptocurrency can be significantly lower. So, the company Chainalysis in 2017 estimated that the number of lost bitcoins can reach 4 million.
The limitation of bitcoin emissions, laid down in the protocol by the creator of the cryptocurrency Satoshi Nakamoto, is generally regarded as a positive factor, as it leads to its scarcity.
“Coins need to be somehow distributed initially, and a constant production rate seems to be the right formula,” Nakamoto wrote in a mailing list in 2008.
In May 2020, the next bitcoin halving or a reward reduction for adding blocks to its blockchain will take place - from 12.5 BTC to 6.25 BTC. Until that moment, miners will receive an average of 1,800 BTC per day for their work on adding blocks to the blockchain and ensuring
85% of the maximum bitcoin emission volume has been received by today, draws the attention of the Cointelegraph.
According to blockchain columnist Blockchain.com, this Thursday the 17,850,000th bitcoin was released. As a result, there are still 3.15 million bitcoins left that miners will have to mine over the next 120 years - until 2140.
Thus, only 17.85 million people can currently own the whole bitcoin. In reality, however, some of the bitcoins are considered permanently lost, which is why the amount of available cryptocurrency can be significantly lower. So, the company Chainalysis in 2017 estimated that the number of lost bitcoins can reach 4 million.
The limitation of bitcoin emissions, laid down in the protocol by the creator of the cryptocurrency Satoshi Nakamoto, is generally regarded as a positive factor, as it leads to its scarcity.
“Coins need to be somehow distributed initially, and a constant production rate seems to be the right formula,” Nakamoto wrote in a mailing list in 2008.
In May 2020, the next bitcoin halving or a reward reduction for adding blocks to its blockchain will take place - from 12.5 BTC to 6.25 BTC. Until that moment, miners will receive an average of 1,800 BTC per day for their work on adding blocks to the blockchain and ensuring
German financial regulator licensed STO platform
Luxembourg-based financial company Black Manta Capital Partners has obtained a license from the German Federal Financial Supervisory Authority (BaFin) for its platform for offering security token offering (STO) offers.
In an August 19 press release, Black Manta Capital Partners announced that its company, which primarily operates in Germany, received BaFin's MiFID II license on August 1 for its regulated STO platform, nine months after the application was submitted. Now the company will be able to offer brokerage services for tokenized securities. It is reported that the platform will provide access to capital for small and medium-sized enterprises, real estate projects and startups.
The issuance of tokenized shares is regulated in Germany by the MiFID II Financial Instruments Directive. The first STOs are scheduled to take place at the beginning of the fourth quarter of 2019.
The company also plans to open a Black Manta Asia office in Singapore and apply for a similar license to a local financial regulator. Alexander Rapatz, co-founder and managing partner of the company, said: “Black Manta Capital Partners initially wanted to become a“ boutique ”and launch only“ selected ”STOs. From the first day, our strategy was aimed at the global market and consists in uniting Europe and Asia on a single investment platform that specializes in blockchain projects, so we are looking at Singapore today. ”
Luxembourg-based financial company Black Manta Capital Partners has obtained a license from the German Federal Financial Supervisory Authority (BaFin) for its platform for offering security token offering (STO) offers.
In an August 19 press release, Black Manta Capital Partners announced that its company, which primarily operates in Germany, received BaFin's MiFID II license on August 1 for its regulated STO platform, nine months after the application was submitted. Now the company will be able to offer brokerage services for tokenized securities. It is reported that the platform will provide access to capital for small and medium-sized enterprises, real estate projects and startups.
The issuance of tokenized shares is regulated in Germany by the MiFID II Financial Instruments Directive. The first STOs are scheduled to take place at the beginning of the fourth quarter of 2019.
The company also plans to open a Black Manta Asia office in Singapore and apply for a similar license to a local financial regulator. Alexander Rapatz, co-founder and managing partner of the company, said: “Black Manta Capital Partners initially wanted to become a“ boutique ”and launch only“ selected ”STOs. From the first day, our strategy was aimed at the global market and consists in uniting Europe and Asia on a single investment platform that specializes in blockchain projects, so we are looking at Singapore today. ”
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Start: September 3
End: October 15
Full terms & conditions.
Lightning Network users are asked to update the software due to a discovered vulnerability
Developer Rusty Russell this Friday announced the discovery of a vulnerability in various network projects to scale the Lightning Network bitcoin blockchain.
“Security issues have been identified in various Lightning projects. They can lead to a loss of funds, ”Russell writes. According to him, vulnerable clients are c-lightning under version 0.7.1, Lightning Network Daemon (lnd) under 0.7 and Eclair under 0.3.1.
The developer of the Eclair Lightning wallet, ACINQ, on Twitter asked users to upgrade to Eclair 0.3.1 or Eclair Mobile 0.4.7+ as soon as possible.
More detailed vulnerability information is not currently available. Russell promises to make it public on September 27th and draws attention to the fact that users need to install corrected software in advance to avoid loss of funds.
Earlier this week, Radar, a blockchain startup is known for developing a decentralized exchange based on Ethereum, introduced an app store for the Lightning Network.
Developer Rusty Russell this Friday announced the discovery of a vulnerability in various network projects to scale the Lightning Network bitcoin blockchain.
“Security issues have been identified in various Lightning projects. They can lead to a loss of funds, ”Russell writes. According to him, vulnerable clients are c-lightning under version 0.7.1, Lightning Network Daemon (lnd) under 0.7 and Eclair under 0.3.1.
The developer of the Eclair Lightning wallet, ACINQ, on Twitter asked users to upgrade to Eclair 0.3.1 or Eclair Mobile 0.4.7+ as soon as possible.
More detailed vulnerability information is not currently available. Russell promises to make it public on September 27th and draws attention to the fact that users need to install corrected software in advance to avoid loss of funds.
Earlier this week, Radar, a blockchain startup is known for developing a decentralized exchange based on Ethereum, introduced an app store for the Lightning Network.
Netki Upgrades Digital Identity Service to FATF
Netki's Digital Identity Service Provider has made changes to its functionality to ensure customers comply with FATF standards.
Two new functions have been added to the TransactID service: the ability to split a user's certificate of identity into smaller pieces of personal information (PII) and the right of senders and recipients of funds to request PII from each other.
Netki's Digital Identity Service Provider has made changes to its functionality to ensure customers comply with FATF standards.
Two new functions have been added to the TransactID service: the ability to split a user's certificate of identity into smaller pieces of personal information (PII) and the right of senders and recipients of funds to request PII from each other.
TokenAnalyst, an analytical firm, traced the way Bitcoins moved to the sensational transaction of $ 1 billion and found that at least a third of the money invested in it was connected with the Huobi Global exchange.
Huobi has not yet commented on the situation. It is possible that in this way the exchange moves client funds.
Huobi has not yet commented on the situation. It is possible that in this way the exchange moves client funds.
New Balance will use Cardano blockchain to authenticate products
The IOHK company behind the development of the Cardano blockchain protocol began working with the famous American manufacturer of sportswear and shoes New Balance. This was announced on Saturday by IOHK CEO Charles Hoskinson at an event in Bulgaria.
Under the agreement, New Balance leverages IOHK technology to authenticate products. Initially, the program will be launched as a pilot project and in the future can be expanded to a world level. Project participants do not plan to use ADA cryptocurrency.
Earlier, New Balance expressed dissatisfaction with the fact that a number of companies “parasitize” on its brand, and has built a strategy to reduce the negative impact of such practices on their business. In particular, she was able to sue $ 1.5 million from the Chinese company New Boom, who was copying her logo.
The solution developed by IOHK is aimed at consumers and will allow them to verify the authenticity of sneakers by reconciling the information with data on the Cardano blockchain. According to Crypto Briefing, the launch of the pilot project is scheduled for October.
This week, Cardano developers announced the public opening of the Shelley test network with support for an updated consensus mechanism.
The IOHK company behind the development of the Cardano blockchain protocol began working with the famous American manufacturer of sportswear and shoes New Balance. This was announced on Saturday by IOHK CEO Charles Hoskinson at an event in Bulgaria.
Under the agreement, New Balance leverages IOHK technology to authenticate products. Initially, the program will be launched as a pilot project and in the future can be expanded to a world level. Project participants do not plan to use ADA cryptocurrency.
Earlier, New Balance expressed dissatisfaction with the fact that a number of companies “parasitize” on its brand, and has built a strategy to reduce the negative impact of such practices on their business. In particular, she was able to sue $ 1.5 million from the Chinese company New Boom, who was copying her logo.
The solution developed by IOHK is aimed at consumers and will allow them to verify the authenticity of sneakers by reconciling the information with data on the Cardano blockchain. According to Crypto Briefing, the launch of the pilot project is scheduled for October.
This week, Cardano developers announced the public opening of the Shelley test network with support for an updated consensus mechanism.
Binance Coin has fallen in price by 59% over the past three months
The own token of a large cryptocurrency exchange lost more than half the price after it set a historical maximum value in late June
On the afternoon of September 25, the Binance Coin average market rate fell to $ 15.2. Then the price of the asset began to increase, now it is $ 16.4. Despite a 6% increase over the past day, over the past three months, the altcoin has fallen in price by 59%.
At the end of June, the coin set a historic high of $ 39.3. After that, the course began to decline sharply. Even the fact that BNB was added to the American Binance platform did not affect the asset price drop, although this was not originally intended.
Trading on the Binance US exchange started two days ago, on September 24th. Clients are available 13 cryptocurrencies. At the first stage of work, it will be available throughout the United States, except for 13 states.
The own token of a large cryptocurrency exchange lost more than half the price after it set a historical maximum value in late June
On the afternoon of September 25, the Binance Coin average market rate fell to $ 15.2. Then the price of the asset began to increase, now it is $ 16.4. Despite a 6% increase over the past day, over the past three months, the altcoin has fallen in price by 59%.
At the end of June, the coin set a historic high of $ 39.3. After that, the course began to decline sharply. Even the fact that BNB was added to the American Binance platform did not affect the asset price drop, although this was not originally intended.
Trading on the Binance US exchange started two days ago, on September 24th. Clients are available 13 cryptocurrencies. At the first stage of work, it will be available throughout the United States, except for 13 states.
KuCoin Exchange will launch Bitcoin futures.
Future contracts with monthly settlements will appear on the derivatives platform KuMEX, created by the cryptocurrency exchange, within a few weeks
KuCoin cryptocurrency platform has announced the launch of bitcoin futures contracts with monthly settlements on its own derivative platform KuMEX. Information was shared by KuCoin CEO Michael Gan at the Blockchain Life 2019 conference in Moscow.
Before this, the platform presented perpetual contracts for bitcoin XBTUSDM, calculated to USD and allowing trading with leverage up to x20. At the same time, the exchange uses a minimum contract value of $ 1. XBTUSDM was the first derivative tool to appear immediately after the opening of KuMEX this summer. At the conference, Michael Gan noted that due to the too high requirements that exchanges make to their customers, the spread of cryptocurrency derivatives is extremely slow. However, the head of the platform did not offer a solution to the indicated problem. In mid-September, the KuCoin cryptocurrency exchange held a Bitcoin sale dedicated to the second anniversary of the launch of the trading platform. The company allocated 1.5 million USDT in BTC for this at the exchange rate at the time of sale.
Future contracts with monthly settlements will appear on the derivatives platform KuMEX, created by the cryptocurrency exchange, within a few weeks
KuCoin cryptocurrency platform has announced the launch of bitcoin futures contracts with monthly settlements on its own derivative platform KuMEX. Information was shared by KuCoin CEO Michael Gan at the Blockchain Life 2019 conference in Moscow.
Before this, the platform presented perpetual contracts for bitcoin XBTUSDM, calculated to USD and allowing trading with leverage up to x20. At the same time, the exchange uses a minimum contract value of $ 1. XBTUSDM was the first derivative tool to appear immediately after the opening of KuMEX this summer. At the conference, Michael Gan noted that due to the too high requirements that exchanges make to their customers, the spread of cryptocurrency derivatives is extremely slow. However, the head of the platform did not offer a solution to the indicated problem. In mid-September, the KuCoin cryptocurrency exchange held a Bitcoin sale dedicated to the second anniversary of the launch of the trading platform. The company allocated 1.5 million USDT in BTC for this at the exchange rate at the time of sale.