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What is Ferrum Network? A Guide to High-speed DeFi

Source Node: https://www.asiacryptotoday.com/ferrum-network-frm/
Time Stamp: August 14, 2020 2:53 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Decentralized finance has risen to become one of the foremost active sectors in the crypto space. With the establishment of decentralized ecosystems with global network effects and interoperability, they have successfully penetrated the fintech industry. One very interesting  DeFi project is Ferrum Network. Ferrum’s revolutionary technology brings networks together, for a consistently high-speed and low-cost transaction experience for each digital asset. It aims to overcome current problems in cryptocurrency usage in real-world finance applications. Table of Contents Background Founder Naiem Yeganeh, along with Co-Founder and COO Ian Friend, laid the

Gold Tokens Reach Milestone Market Cap; Does This Pose a Threat to Bitcoin?

Source Node: https://bitcoinist.com/gold-tokens-reach-milestone-market-cap-does-this-pose-a-threat-to-bitcoin/?utm_source=rss&utm_medium=rss&utm_campaign=gold-tokens-reach-milestone-market-cap-does-this-pose-a-threat-to-bitcoin
Time Stamp: August 12, 2020 11:00 AM - Modified On: May 21, 2021 - Published By:
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Bitcoin and gold have been rising in tandem, as the dollar has been falling. It has also driven the growth of the market cap of digital gold tokens, backed by the precious metal commodity, to record highs. What exactly has caused this rapid growth in market cap, and does this pose any threat against Bitcoin? Market Cap of Commodity-Backed Gold Tokens Soars 1000% In 2020 Bitcoin and gold share several key similarities, such as supply scarcity. Bitcoin’s benefits soon begin to outweigh the precious metal, especially in terms of storage

Venezuela May Soon Be Collecting Taxes in Crypto

Source Node: https://cointelegraph.com/news/venezuela-may-soon-be-collecting-taxes-in-crypto
Time Stamp: August 12, 2020 1:10 AM - Modified On: May 21, 2021 - Published By:
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The Bolivarian Council of Mayors in Venezuela signed the so-called "National Tax Harmonization Agreement" for 305 municipalities in the country, including the Petro (PTR) as a means to collect payments of taxes and sanctions.The cryptocurrency is becoming increasingly widely used as the result of a new campaign. According to the government, the vice president of Venezuela, Delcy Rodríguez, will be in charge of implementing a single registry of taxpayers through a digital consultation tool.She will also be in charge of creating an information exchange and monitoring system for companies to record

A Crypto Trader Thinks Ethereum Could Plunge Towards $300 as Momentum Slows

Source Node: https://bitcoinist.com/ethereum-could-plunge-towards-300/?utm_source=rss&utm_medium=rss&utm_campaign=ethereum-could-plunge-towards-300
Time Stamp: August 11, 2020 9:00 PM - Modified On: May 21, 2021 - Published By:
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After Bitcoin and Ethereum attempted to surge past $12,000 and $400, respectively, the momentum has tapered off. Over the past day, the leading cryptocurrencies have plunged lower despite a weakening U.S. dollar. As of the time of this article’s writing, ETH is down 2.85% in the past 24 hours and now trades for $385. Analysts say that Ethereum is primed to move towards $300 as last week’s highs hold as resistance. The bearish sentiment can be corroborated by the trajectory of gold, which has flipped negative after a strong rally

Tron (TRX) Forms Textbook Bear Signal Despite Rally in the Altcoin Market

Source Node: https://bitcoinist.com/tron-trx-textbook-bear-signal-despite-rally-altcoin-market/?utm_source=rss&utm_medium=rss&utm_campaign=tron-trx-textbook-bear-signal-despite-rally-altcoin-market
Time Stamp: August 10, 2020 9:00 PM - Modified On: May 21, 2021 - Published By:
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Tron (TRX) has been a sleeper cryptocurrency over the past few weeks. While it has rallied like many other digital assets like Bitcoin and Ethereum, TRX has not been focused on by many analysts. According to the Tom Demark Sequential, the popular altcoin is on the verge of reversing to the downside after a multi-day rally. Analysts beg to differ, arguing that Tron is actually on the verge of a massive upswing triggered by months of consolidation. Tron may be further suppressed by Bitcoin, which may lead the crypto asset

China: Loudi City Mayor Promotes Blockchain to Fight Crime

Source Node: https://cointelegraph.com/news/china-loudi-city-mayor-promotes-blockchain-to-fight-crime
Time Stamp: August 10, 2020 6:21 AM - Modified On: May 21, 2021 - Published By:
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The mayor of Loudi, a city in China’s Hunan province, has characterized blockchain technology as a powerful “weapon” that can effectively tackle crime.At a meeting of Loudi’s Municipal Public Security Bureau on Aug. 10, Mayor Yang Yiwen responded to reports on the progress of a trial blockchain project that is currently being conducted by the bureau and a local technology firm. The project combines blockchain technology with multi-party computing and big data to improve trusted data exchange and information traceability across a collaborative network. This network unites telecommunication network operators, banks and

IP Australia and National Rugby League Use Blockchain Against Fake Products

Source Node: https://cointelegraph.com/news/ip-australia-and-national-rugby-league-use-blockchain-against-fake-products
Time Stamp: August 10, 2020 6:05 AM - Modified On: May 21, 2021 - Published By:
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Australia’s top-tier rugby league, the National Rugby League, along with IP Australia will trial a blockchain-based application to curb the sale of counterfeit products.IP Australia is an agency of the Department of Industry, Innovation and Science that orchestrates and regulates the issuance of intellectual property rights and legislation relating to patents, trademarks, registered designs and plant breeder's rights in Australia.Genuine products will be tagged with trust badgesAccording to a ZDNet report, the new application uses blockchain to enable trademark owners to link their products to the government register. It acts

UAS: The First Government to Bring Blockchain Development to The Masses

Source Node: https://bitcoinerx.com/blockchain/uas-the-first-government-to-bring-blockchain-development-to-the-masses/
Time Stamp: August 10, 2020 3:39 AM - Modified On: May 21, 2021 - Published By:
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What constitutes development? Would one know it when they saw it? More importantly, why should it matter whether or not a nation attains it? Answers to these seemingly simple questions are as varied as people are. However, simply put, development is the expansion of a nation’s economy, complemented with a significant rise in its citizens’ living standards. From this, it is apparent that development is visible—additionally, its attainment matters. Africa, compared to other regions, is underdeveloped, albeit resource-rich. Ironically, incomes continue to rise across the continent while a majority of

Ethereum 2.0 Testnet Performing Well, 1 Million ‘ETH’ Staked

Source Node: https://beincrypto.com/ethereum-2-0-testnet-performing-well-1-million-eth-staked/
Time Stamp: August 10, 2020 3:10 AM - Modified On: May 21, 2021 - Published By:
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It’s been almost a week since the launch of the ETH 2.0 final public testnet, which has been performing as intended by most accounts. As many as one million ETH have been staked on the Beacon Chain simulation, reviving hopes of a mainnet launch later this year. The Medalla ETH 2.0 testnet has been running for six days which has given developers a chance to monitor early progress. Launched on Aug 4, Medalla is the fifth and final testnet for the long-awaited upgrade to an Ethereum proof-of-stake consensus. Phase 0

Here’s Why Analysts Are Expecting For Ethereum To Drop Back Towards $370

Source Node: https://bitcoinist.com/analysts-expecting-ethereum-drop-back-towards-370/?utm_source=rss&utm_medium=rss&utm_campaign=analysts-expecting-ethereum-drop-back-towards-370
Time Stamp: August 9, 2020 9:00 PM - Modified On: May 21, 2021 - Published By:
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Ethereum, following Bitcoin’s lead, is effectively flatlining into the week’s close around $390. This is above critical support levels, though bulls are not yet convinced that ETH is primed to move higher. Analysts say that ETH could actually drop towards the $370 level, then push higher. Multiple analysts agree with this line of reasoning, citing a variety of technical reasons. Ethereum does have a positive fundamental case, though, that may limit downside. What may also limit the downside for the leading cryptocurrency is strength in the price of Bitcoin. Ethereum