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TrustSwap Review: Making Smart Contracts Mainstream

The cryptocurrency space can be a scary place if you are not careful. There are scammers left and right, and not just in Discord and Telegram. Many cryptocurrency projects have revealed themselves to be nothing short of a ponzi scheme. Some have even ended with a rug pull – the team dumping their share of the crypto on the market and running with the cash.TrustSwap is a cryptocurrency project that is hoping to change that by using smart contracts. They want to create a new standard for initial coin offerings

VeChain Forms New Partnership with Grant Thornton to Push Adoption

The VeChain Foundation has partnered with Grant Thornton Cyprus, an accounting firm, opening the door to “thousands” of adoption opportunities. VeChain uses its blockchain mainly to provide RFID (Radio Frequency Identification). This can be used as part of an internet of things framework, supply-chain planning, and also to determine the provenance of unique goods. The firm has an in-house development team that caters to larger businesses and hopes to be the go-to company for enterprise blockchain needs. In bittersweet news, it sees the COVID-19 pandemic as a sign of urgency

#BitcoinForBeirut Seeks Sound Money To Help City’s Explosion Victims

On August 4, news of major explosions at the port of Beirut spread around the world, along with astounding videos and images. It quickly became apparent that the damage was extensive and that many in Beirut had been killed, injured or had become casualties of extensive property damage.And the tragedy came at a precipitous time for those in Beirut. A years-long economic crisis and the strains caused by the novel coronavirus in Lebanon have resulted in skyrocketing exchange rates, widespread distrust of banks and a rising interest in alternatives like

What is Bancor Protocol? A DeFi Guide to BTN

Bancor Protocol takes advantage of smart contracts to build a decentralized, interoperable, and highly-liquid token exchange protocol. It became popular in the decentralized finance (DeFi) space shortly after having introduced smart tokens that facilitate instant exchange between different ERC-20 tokens in the market, regardless of their volume. Such development has opened a lot of other opportunities to users without having to involve third-party financial service providers in the scenario. Table of Contents Background The Team The team consists of five members of the Bancor Foundation, based in Zug, Switzerland. Bernard

Stocks Correct While Digital Assets Stay Firm And a New DeFi Project Get Mashed

Finally, the new-age tech investing has become delicious with the latest buzzword project, called Yam Finance. This particular protocol, which first entered the idea phase on August 1 and whose developers released the first implementation of their product on Tuesday, managed to rack up hundreds of millions of dollars’ worth of investments, before crashing out in a blaze of social media-hosted meme-economy glory last night. No duh, the coding was rushed and unaudited. It was bound to have flaws. In many cases finding a bug in your software is a

Craig Wright Won’t Need to Pay Hodlnaut $60K Until Appeal Is Over, Says Counsel

Craig Wright, a self-proclaimed Bitcoin (BTC) creator, is apparently not required to pay legal fees for a failed libel suit against the Twitter crypto enthusiast known as Hodlonaut.In an Aug. 14 email to Cointelegraph, Wright’s legal representative argued that he is not obliged to pay legal costs in the defamation suit until the Norwegian Supreme Court considers an appeal.The spokesperson said, “Craig has appealed to the Norwegian Supreme Court. Craig’s Norwegian lawyers say that there is no obligation on Craig to pay the costs until that appeal is dealt with.”The

Thailand’s Central Bank Eyes DeFi Use Cases for Its Digital Baht

Thailand’s central bank is looking at smart contracts and decentralized finance (DeFi) implementations for its national digital currency, the digital baht.Vijak Sethaput, senior developer for the Bank of Thailand’s (BoT) central bank digital currency project Inthanon, discussed the country’s CBDC progress in an interview hosted by a global think tank for central banking, the Official Monetary and Financial Institutions Forum, on Aug. 13.Sethaput was joined by Sky Guo, CEO of New York-based enterprise blockchain firm Cypherium, which is focused on global CBDC implementations and interoperability.In the interview, Guo said that