Coin Telegraph

PoS Will Make Ethereum More Secure Than Bitcoin, Says Vitalik Buterin

After the proof-of-stake (PoS) consensus algorithm will be implemented in Ethereum’s (ETH) blockchain, it would become more secure and costly to attack than Bitcoin (BTC), co-founder Vitalik Buterin has stated. Buterin has voiced this opinion during Devcon 5, the Ethereum developers conference that took place in Osaka on Oct. 8–11. He specifically noted that —...
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Coinbase Gets E-Money License In Ireland, Expanding European Foothold

Coinbase is expanding its European foothold with an e-money license from the Central Bank of Ireland. “One of just a few companies” On Oct. 11, Zeeshan Feroz, the CEO of the United Kingdom arm of San Francisco-based cryptocurrency exchange Coinbase, announced that the exchange had become “one of just a few companies,” to have received...
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Bitcoin Price Rejected at Key Level Near $9,000

Over the past five days, Bitcoin (BTC) has rallied more than $1,000, from $7,770 to $8,835, giving the crypto space hope of further upside. Bitcoin’s Oct. 11 daily candle, however, faced rejection near a few key levels, showing that crypto’s largest asset is still struggling to hit the $9,000 mark.  Daily crypto market data. Source:...
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Major Chinese Bank Updates Blockchain Platform After $50 B Transacted

The China Construction Bank (CCB) officially released the second version of its blockchain trading platform, which reached 360 billion yuan ($50 billion) in cumulative transaction volume. CCB will actively promote blockchain platform On Oct. 9, Xinhua news agency reported that CCB, one of the big four banks in the People’s Republic of China, announced the...
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Visa, EBay, Stripe and Mastercard Abandon Facebook’s Libra Project

Visa, EBay, Stripe and Mastercard have all announced that they are dropping out of Facebook’s Libra Association and its associated stablecoin project. Four companies abandon ship On Oct. 11, Bloomberg reported that Ebay, Stripe and Mastercard had decided to drop out of Facebook’s Libra cryptocurrency project. Within minutes, Visa said it had also decided not...
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Updated Bitfinex Mobile App Now Includes Derivatives Trading Support

Cryptocurrency exchange Bitfinex has announced the latest updates and optimizations to its mobile app. New version features support for derivatives trading  On Oct. 11, cryptocurrency trading platform Bitfinex presented the newest version of the Bitfinex mobile app, which includes derivatives trading support as well as in-app access to Bitfinex Reports 2.0. Version 3.19.3 of the...
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Blockchain Healthcare Firm Wins US National Science Foundation Grant

New England-based blockchain firm SimplyVital Health, Inc. has received a $225,000 grant from the United States National Science Foundation (NSF) to research integration of its protocol Nexus with the Graphene protocol. The NSF awarded the grant as part of its Small Business Programs, which contributes $200 million annually to innovative startups and small businesses, according...
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South Korean Blockchain Startup Raises $8M for Identity Authentication

Blockchain company Iconloop has secured 10 billion Korean won (KRW) (over $8 million) from seven investment companies participating in a Series A funding round. Per an Oct. 10 announcement, it was Iconloop’s first venture capital investment since its establishment in 2016, with the participation of companies such as Korea Technology Finance Corporation (KOTEC) and T.S....
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Perth Mint, InfiGold Launch Gold-Backed Token on Public Blockchain

Australia’s largest precious metal refinery, the Perth Mint, and InfiGold, a fintech startup focused on precious metals digitization, have jointly launched a gold-backed digital token. The new ERC-20 token is dubbed Perth Mint Gold Token (PMGT) and pegged 1:1 with GoldPass certificates issued by the Perth Mint, according to a press release shared with Cointelegraph...
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Decentralized Communication Startup New Vector Raises $8.5M

London-based decentralized communication startup New Vector has raised $8.5 million to drive adoption for Matrix, a major alternative messaging protocol. Slack rival Riot.IM The Matrix protocol, which enables secure communication via end-to-end encrypted messaging applications such as Riot.IM, an alternative to WhatsApp, Telegram or Slack, will continue scaling and growing its network with the newly...
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Virginia Bitcoin Mining Operation Ordered to Liquidate Assets

BCause Mining, a Bitcoin (BTC) mining operation in the city of Virginia Beach in the United States, was ordered to liquidate its assets.  In an Oct. 9 article, local news outlet the Virginian-Pilot reported that the Bitcoin mining company filed for bankruptcy earlier this year. This week, a federal judge approved the motion to convert...
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BitGo to Provide Custody for Crypto Assets Under Bitstamp Management

Digital asset financial services firm BitGo will provide secure storage for crypto assets under management at major cryptocurrency exchange Bitstamp. $100 million insurance policy In a press release on Oct. 9, the Luxembourg-based cryptocurrency exchange announced that BitGo will offer custodianship of its digital assets. The Bitcoin (BTC) exchange will start transferring assets to BitGo’s...
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Price Analysis 09/10: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, TRX

Grayscale director of sales and business development Rayhaneh Sharif-Askary said that institutional interest in the crypto space has been strong throughout this year. The second quarter inflow was $85 million with 80% coming from institutions. Though this is positive, it shows that the inflow is only a trickle and a fraction of the firepower the...
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Unwrapping the Ocean Plastic Conundrum Via Blockchain

In September, Cointelegraph reported on a Dutch company said to have created the world’s first collection of recycled fabrics made from ocean plastics and whose provenance can be traced via blockchain.The premise is that socially minded consumers want assurance that they are really wearing recycled materials fished out from oceans and coastal areas.  The firm,...
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Student May Have Tried to Hack West Virginia’s Blockchain Voting App

The Federal Bureau of Investigation (FBI) is investigating whether a student at the University of Michigan attempted to hack the West Virginia’s voting app. “Not one single vote was changed”  On Oct. 5, according to CNN, the United States Attorney for the Southern District of West Virginia, Mike Stuart, wrote that the FBI is investigating...
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Chainlink Blazing a Trail to All-Time High?

Chainlink (LINK) has been on fire, blazing its own trail independent from the rest of the market. The digital asset appears to be in the beginning stages of a strong uptrend on the charts, backed by a devoted community and several significant news headlines this year.  Chainlink’s recent price action is notable because of its...
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Swiss National Bank to Research CBDCs at New BIS Innovation Hub Centre

The Swiss National Bank (SNB) and Bank for International Settlements (BIS) have signed an agreement to cooperate on the BIS Innovation Hub Centre in Switzerland. Two major projects According to an official press release on Oct. 8, the BIS’s first three innovation hubs will be established in Switzerland, Hong Kong and Singapore. The Swiss center...
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EOS Developer Block.one Releases Version 2.0 of EOISO Protocol

EOS developer Block.one has announced the release of version 2.0 of the EOSIO open source protocol, according to an official press release shared with Cointelegraph on Oct. 8. EOSIO is a blockchain-based smart contract protocol used to develop and host decentralized applications (DApps). It employs a consensus model called delegated proof-of-stake. Protocol updates: smart contract...
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Crypto Market Continues to Show Green Candlesticks, BTC Recovers to $8,200

Monday, Oct. 7 — Bitcoin (BTC) continues its rebound together with most of the other cryptocurrencies, with notable gainers Chainlink (LINK) and Tron (TRX) breaking 10% gains on the day. Cryptocurrency market daily overview. Source: Coin360 The world’s most popular crypto coin closed the week with a selloff, pushing its price well below the $8,000 mark...
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Economic Dept. of Dubai Unveils Blockchain-Based Business Registry

The Department of Economic Development in Dubai has announced its move to a blockchain-based unified business registry platform (UBRP). According to a Saudi Gazette report on Oct. 7, the platform aims to improve the ease of doing business in Dubai and enable license issuers to manage trade licenses and corporate registries. The Silicon Oasis Authority, the Dubai...
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Back to Green: Bitcoin Is Above $8.1K Again, XRP Surges Over 10%

Monday, Oct. 7 — Crypto markets are seeing notable upward movement, with Bitcoin (BTC) breaking back above $8,000. While a few of the top 20 coins report losses at press time, XRP is seeing a sharp growth of over 8%. Market visualization. Source: Coin360 Bitcoin’s dominance continues to drop After Bitcoin tumbled below $8,000 again...
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‘Very, Very Skeptical:’ German Finance Minister Opposes Facebook’s Libra

Germany’s finance minister Olaf Scholz sees uses for an electronic version of the euro but believes Facebook should stay away from money issuance.  Scholz: Germany wants E-euros, not Libra Speaking to local financial news outlet WirtschaftsWoche on Oct. 3, Scholz revealed that he would be keen on seeing a so-called E-euro, adding: “A payment system...
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Bitfinex ‘Chainswaps’ $5M Worth of USDT Onto EOS Protocol

Cryptocurrency exchange Bitfinex in conjunction with EOSFinex, its decentralized trading platform, have announced that they had successfully completed a “chainswap” to convert $5 million worth of Tether (USDT) stablecoins onto the EOS blockchain protocol. According to a press release shared with Cointelegraph on Oct. 5, this way the companies aim to “provide the EOS DApp...
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Bitcoin, Altcoin Prices Slip Downward While XRP Stays Stable

Sunday, Oct. 6 — Cryptocurrency markets are slipping downward today, with Bitcoin (BTC) trading under $8,000 and altcoins seeing notable losses on the day. Market visualization courtesy of Coin360 After slipping below the $8,000 price point, Bitcoin has continued to slide down and is now trading at $7,824.37, down 3.22% on the day. Bitcoin 7-day...
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Bitcoin Price Near to Critical Support at $7,120; Must Hold to Avoid a New Bear Market

This week isn’t looking good for Bitcoin (BTC) as the price continues to decline after reaching a high of $8,540 on Oct. 1 down to $7,870 on Oct. 6.  This continued decline was anticipated in last week’s analysis, with fingers pointing to China’s week-long Golden Week as a possible catalyst for the reduced trading volume.  ...
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South Korea’s Crypto Youth | Cointelegraph Documentary

In the last few decades, South Korea has been among the fastest developing countries in the world. It is currently the planet’s third-largest crypto economy, after the United States and Japan.  Cointelegraph traveled to Korea to meet a new generation of crypto entrepreneurs who are building the future of blockchain. Among the people we talked...
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Samsung Pay Teams Up With RippleNet Member Finablr

Samsung Pay, the mobile payments service of South Korean tech giant Samsung, has partnered with payments platform Finablr, Ripple’s RippleNet member, to offer cross-border payments feature Money Transfer to its app’s users. Finablr announced the partnership on Oct. 3, claiming that the new feature “offers users seamless and secure cross-border payments to 47 countries through...
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Bitcoin Dips Under $8,000 as Altcoins See Mixed Movements

Sunday, Oct. 6 — The top 20 cryptocurrencies are seeing mixed movements on the day while Bitcoin’s (BTC) price dips under the $8,000 mark by press time. Market visualization courtesy of Coin360 Bitcoin’s price is currently down by 1.83% on the day, trading at around $7,959, according to Coin360. Looking at its weekly chart, the...
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Algorand’s Venture Arm Loses up to $2M in Hot Wallet Breach: Report

Algo Capital, an investment arm of United States-based blockchain firm Algorand, has lost roughly $1–2 million in Tether (USDT) stablecoins and Algorand (ALGO) tokens after its CTO Pablo Yabo’s mobile phone was compromised. The breach allowed hackers to gain access to Yabo-managed Algo hot wallet, a source familiar with the matter told Coindesk on Oct....
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Crypto News From the Spanish-Speaking World: Sept. 30 – Oct. 5 in Review

The Spanish-speaking world is seeing additional cryptocurrency and blockchain developments with the inauguration of a new blockchain campus at a Madrid university, a number of new allegations of crypto scams in the Dominican Republic, Mexico issuing professional certificates on blockchain and Æternity blockchain teaming up with the Digital Party of Uruguay. Here is the past...
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