West

Alt Season Reigns as Big Money Exits the U.S. Dollar

Source Node: https://beincrypto.com/alt-season-reigns-as-big-money-exits-the-u-s-dollar/
Time Stamp: August 17, 2020 4:07 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Open up the keg of powder, it’s time to lock and load. It’s alt season. In July, I predicted a bump of BTC followed by an open alt season. I was right. A perfect storm is bringing back memories of December 2017, and this time big money is looking to exit the U.S. dollar. Duck Season? Rabbit Season? No, Alt Season. It’s official. Alt season is here, and non-bitcoin cryptos are doing what they do best: pump. Total crypto markets have seen a surge from $165 billion in March to

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

TRON and Waves Tap Gravity to Connect Their Blockchains

Source Node: https://bitcoinist.com/tron-and-waves-tap-gravity-to-connect-their-blockchains/?utm_source=rss&utm_medium=rss&utm_campaign=tron-and-waves-tap-gravity-to-connect-their-blockchains
Time Stamp: August 13, 2020 12:29 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Blockchain projects TRON and Waves have inked a strategic partnership with the aim of achieving mass adoption of inter-chain DeFi. The landmark inter-chain initiative owes a debt to Gravity, the decentralized blockchain-agnostic oracle network that facilitated the integration. When Chains Collide TRON and Waves use completely different smart contract languages, the former having been written in Solidity and the latter using Ride. To bring the pair onto the same page, Gravity’s interoperable oracle queries data on each chain, thereby enabling the ecosystems to increase access to services for both user

Why Klaytn and Link Will Catalyze Blockchain Adoption in Asia

Source Node: https://bitcoinist.com/why-klaytn-and-link-will-catalyze-blockchain-adoption-in-asia/?utm_source=rss&utm_medium=rss&utm_campaign=why-klaytn-and-link-will-catalyze-blockchain-adoption-in-asia
Time Stamp: August 4, 2020 12:23 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

In the last two years, popular messaging giants in Asia and Europe have announced plans to launch a blockchain-powered cryptocurrency. In Asia, Kakao’s Klaytn and Line’s Link platform have launched and are quickly gaining momentum, but Facebook and Telegram’s cryptocurrencies have not fared so well. Messaging Giants Pushing Blockchain Adoption As it stands, Kakao is by far the most dominant mobile platform in Korea with a market share of 97% in the country. Kakao subsidiary Ground X began development of Klaytn back in 2019, after raising $90 million in both

The Scam and Fall of YFI Clones

Source Node: https://beincrypto.com/the-scam-and-fall-of-yfi-clones/
Time Stamp: August 3, 2020 11:44 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

After the success of yEARN finance (YFI), a yield farming token which saw a rise in price from $35 to over $4000, a number of cryptocurrencies are trying to copy its success. These include the likes of YFFI, YFII, and Asuka, however, they’ve all witnessed 100% drops and a conspicuous exit scam. Encouraging Words Fueled by DeFi platforms where any token with an address can be traded for anything else, these are the days of Wild West token swaps. To clone the YFI token, developers only had to copy code

US authorities charge three suspects in the massive Twitter hack.

Source Node: https://coinnounce.com/us-authorities-charge-three-suspects-in-the-massive-twitter-hack/
Time Stamp: August 1, 2020 2:12 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

A British man, a Florida man, and a Florida teen have been charged by US authorities in relation to the Twitter hack of prominent politicians, celebrities, and technology moguls to scam people around the globe out of more than USD 100,000 in Bitcoin, authorities said Friday. Graham Ivan Clark, 17, was arrested Friday in Tampa, where the Hillsborough State Attorney’s Office will prosecute him as an adult. The 17-year-old will faces 30 felony charges.  Hackers sent out fake tweets soliciting bitcoin from compromised accounts.  The hackers managed to access the