roadrunner

The DeFi ecosystem has been growing faster than anyone can keep up with recently. Billions of dollars in digital assets are invested, despite all the problems the current services suffer from. Buggy code, security vulnerabilities and shady anonymous developers are just some of the issues that can make the DeFi space too risky right now. Luckily this is all about to change as xSigma is releasing a new DeFi DEX protocol, in a first entry into the field of a project backed by a NASDAQ-listed company. xSigma to Usher In A New Age of DeFi DEX ZK International Group Co., Ltd. (Nasdaq: ZKIN) has revealed on Monday, Nov. 23, that it is providing funding for its wholly-owned subsidiary, xSigma, to enter the decentralized finance space, focusing on decentralized exchanges. The significance of this move for the DeFi ecosystem can not be overstated as this is the first time ever a publicly listed company has backed a development in the field. The xSigma DeFi protocol will power a DEX that will be as rewarding for liquidity providers as the field is known for, while also minimizing risk for all users. The developers have created an intuitive interface that will make it easy for newcomers to trade on top of a sophisticated engine that supports the pooling of ERC20 assets without the risk of impermanent loss. The xSigma DeFi will offer a single entry point for the ecosystem, suitable for all users, that can serve as a decentralized “bank account” for earning interest on deposited funds. It will feature controlled and sustainable token emission and have no complex governance – dividends distributed through token burn. The researchers at xSigma explain that they tackled the underlying problems of AMMs from the ground up and achieved a breakthrough in non-custodial trading that eliminates risk for token-holders whose assets are pooled. A Team You Can Trust ZK International is a China-based company that is focused on supplying steel piping for the massive Gas and Water sectors. It worked on over 2,000 projects, including the Beijing National Airport, the “Water Cube”, and “Bird’s Nest”, which were venues for the 2008 Beijing Olympics. The Nasdaq listed company launched xSigma as a research and development lab back in 2018 to solve real-world infrastructure challenges and explore new opportunities in smart contracts, supply chain management and other blockchain-based solutions. The xSigma team includes world-class developers with previous experience working for Google, Facebook, Ripple Labs, 1inch and other successful technology companies. The developers of the DeFi protocol will come from the leading edge of blockchain research that intersects decentralized finance, supply chain management, IoT, and infrastructure. The identities and expertise of the team will be published on the lab’s website, bringing a level of trust and transparency that is much needed in the DeFi space these days. The xSigma DeFi will launch as a stablecoin DEX, powered by a native governance, and support for lending and borrowing services will be added later on. The xSigma DeFi token will yield a number of benefits beyond governance, including funneling a portion of all DEX fees to token holders. To align incentives between the xSigma team and its community, team and LP tokens have committed to vest gradually over the course of two years. To learn more about xSigma, its world-class team and new DeFi protocol visit the lab’s website at xSigma.com right now, and follow its Twitter and LinkedIn pages for updates. This is a sponsored post. Learn how to reach our audience here. Read disclaimer below. The post xSigma DeFi Is a Game Changing Protocol Backed by a NASDAQ Listed Company appeared first on Bitcoin News. View the full article

Crypto asset broker Voyager Digital Ltd reported Monday that revenue for the fiscal first quarter ended Sept. 30 soared 186% to $2 million from $700,000 the previous quarter, as more users utilized the platform. ● Voyager co-founder and chief executive officer Stephen Ehrlich said the number of people using their brokerage to invest in cryptocurrencies such as bitcoin (BTC) and ether (ETH) has climbed 20% since September to date. ● According to Voyager’s earnings release, the Canada Stock Exchange (CSE)-listed firm now has a total of $150 million in assets under management. This is a significant increase from just $5 million AUM in December 2019. Assets under management are up 50% from $100 million on Nov. 6, 2020. ● Net deposits set daily records, said the company, averaging more than $750,000 per day during November 2020, a 1,000% increase since June this year. ● “While the rise of bitcoin and other cryptocurrencies has contributed to our AUM growth, more than 65% of the growth is driven by increased user deposits,” explained Ehrlich. He added that when markets are flat, “Voyager still earns revenue on account balances due to our interest model.” ● Shares of Voyager rose 3.8% to 1.65 Canadian dollars ($1.25) on the CSE on Monday. Over the past 52 weeks, the stock has swung between a low of 0.165 and a high of 1.83 Canadian dollars. What do you think about Voyager’s rising assets under management? Let us know in the comments section below. The post Crypto Broker Voyager’s Q1 Revenue Soars 186%, Assets Under Management Jump to $150 Million appeared first on Bitcoin News. View the full article

As bitcoin surpassed its 2017 all-time high on Monday morning, a few hours later 5,045 BTC or $97 million worth of bitcoin from the 2016 Bitfinex hack was transferred. The hackers that stole the funds four years ago have moved the bitcoins numerous times this year. The hackers that stole 119,756 BTC from the cryptocurrency exchange Bitfinex on August 2, 2016, have moved a number of stolen coins in 2020. The coins that were taken over four years ago are now worth around $2.3 billion using today’s exchange rates. Following the Bitfinex hack, the breach crippled trader confidence that day as BTC slid more than 22% across global exchanges on August 2, 2016. The coins did not move for three years until the summer of 2019, the stolen coins started moving again. On Monday, November 30, 2020, the Bitfinex hackers transferred a large sum of bitcoins as approximately 5,045 BTC were moved. The action was caught by the blockchain parser Btcparser.com, a platform that crawls the BTC blockchain to catch old coinbase reward awakenings and addresses that stem from the Bitfinex hack. Using today’s exchange rates, the 5,045 BTC is worth more than $97 million. Bitcoin (BTC) touched an all-time high on the exchange Bitstamp reaching $19,864 per coin. Data from Btcparser.com and the blockchain explorer Blockchair shows the 5,045 BTC was separated into separate addresses and some were combined. 14 transactions were sent and confirmed in blocks 659,373 and 659,374. Blockchair’s Privacy-o-meter shows the transactions sent by the Bitfinex hackers were not very private, receiving a low score of 55. The tool shows whether or not a transaction is susceptible to some of the heuristics used by numerous transaction tracing tools. The bitcoins moved on Monday from the Bitfinex hack look as though if they were simply swept into a different address. What do you think about the Bitfinex hackers moving 5,045 bitcoin stemming from the 2016 breach? Let us know what you think in the comments section below. The post Over 5,000 Bitcoin Worth $97 Million from the 2016 Bitfinex Hack Spring Into Action appeared first on Bitcoin News. View the full article

The term “ecosystem” flies on the radar within the blockchain and business development industries nowadays. There must be a great need for a productive, digital, and self-sustaining environment with all the essential ingredients for investing, business development, and career growth. Ideaology saw the need for such a platform and developed the Active IDEA platform. A revolutionary platform backed by blockchain technology with an entirely unique ecosystem for online professionals to invest, develop their business ideas through crowdfunding, or finding a team from a pool of online professionals within one productive platform. How is this all possible? Through IDEA token. The IDEA token is an ERC-20 token. It serves as a utility and payment token at the same time, allowing its users to be a part of the Active IDEA community. The IDEA token is what will make the whole ecosystem within the platform run smoothly. With the IDEA token you can enjoy these benefits within the Active IDEA platform: The HODL Factor For the users who are holding $100 worth of IDEA, tokens can enjoy 50% off on all platform fees! In addition, they can participate in the platform’s voting system and to help decide projects the community can work on. A Completely Decentralized Marketplace Users can use the IDEA token to buy, sell, or trade their creative and digital business solutions, NFTs, and even dApps! The IDEA Wallet Being an Active IDEA user comes with your very own IDEA wallet! You can access your free wallet to hold tokens, receive tokens into your wallet, or send it to a partner’s external wallet. You can also convert other cryptos into IDEA tokens and vice versa! Crowdfunding Opportunities Start-up projects can be funded through crowdfunding using your IDEA tokens. The whole Active IDEA community can help you launch your business idea into reality! Trusted Crypto Exchange Partners With the Ideaology team’s efforts, the platform continues to establish a partnership with the best crypto exchanges and wallets in the industry today! The Active IDEA platform aims to develop a unique digital place where users can openly collaborate in several parts of business development into one convenient ecosystem – a freelancer platform, a digital marketplace, a crowdfunding launch pad, and an investor base. With the help of the IDEA token, you can be all of this and control your finances in one platform. Where Can You Get IDEA Tokens? There will be an IDEA token offering on December 1st, 2020. We have recently established an IEO and coin listing partnership with the Estonia-based crypto P2PB2B Exchange. Our IEO will enable us to reach more active crypto investors that are willing to be part of our IDEA vision at Ideaology. “We aim to be the largest blockchain ecosystem in 2021 and beyond. Ideaology is keen to provide opportunities for freelancers, startup founders, and investors through the Active IDEA platform. It’s the vision that fuels our mission.”, said Amar Kovacevic, Co-Founder and Chief Technology Officer at Ideaology. The team at Ideaology is currently working hard with sheer optimism that the Active IDEA platform will be the biggest blockchain of 2021. With the help of a motivated community, we can create, sustain, and grow a platform where users can freely exercise the spirit of “collabvesting”. All of this possible through the IDEA token. So if you are looking for a project you can pour your effort on, want to start developing your own business idea, searching for backers to start a crowdfunding opportunity, or an online professional looking to offer your business solutions and services, take advantage of the presale and establish your place in Ideaology’s Active IDEA now! The post Ideaology’s IDEA Token – Uniting Freelancers and Startup Innovators appeared first on Bitcoin News. View the full article

As Americans wait to hear if they will receive second stimulus checks, lawmakers are scrambling to avert the looming government shutdown. A spending bill, which could include some stimulus measures, must be passed before the Dec. 11 deadline to avoid the shutdown. Stimulus Payments Affected by Government Shutdown As U.S. lawmakers continue their stimulus negotiations, including providing Americans with the second round of direct payments, the government is facing a shutdown, which could be prevented if lawmakers can pass a spending bill before the Dec. 11 deadline. Congress returned to Washington Monday for a short session that will end before Christmas. The Senate convened on Monday afternoon while the House will meet Wednesday. To prevent the shutdown, an agreement on the overall $1.4 trillion federal budget has already been reached but lawmakers still need to decide where all the money will go, according to NBC News. Both Republican and Democratic leaders reportedly want to approve legislation to keep the government running until September 2021, the end of the fiscal year, instead of passing a short-term bill. Besides passing a bill to avoid the government shutdown, lawmakers also need to decide whether to approve another coronavirus relief aid package. House Speaker Nancy Pelosi is still pushing for her $2.2 trillion revised Heroes Act while Senate Majority Leader Mitch McConnell wants to get his $500 billion stimulus package approved. So far, an agreement has not been reached and time is rapidly running out to pass a package by the year’s end as several major benefits provided by President Donald Trump’s Cares Act are running out. While Pelosi’s stimulus proposal provides individuals with another stimulus check, McConnell’s bill does not. Speaking on the Senate floor Monday, McConnell called for a second round of Paycheck Protection Program loans for small businesses and funds to streamline coronavirus vaccine distribution. He criticized Democratic leaders for refusing to compromise, stating: The American people need more help and they need it right now. However, Senate Minority Leader Chuck Schumer argued Monday that McConnell is only interested in passing a bill that addresses the provisions Republicans support, instead of a true compromise. While congressional leaders have not seriously met to negotiate stimulus terms, NBC News reported that a small group of Republican and Democratic senators have held discussions about a possible compromise. Prior to the election, Pelosi and Treasury Secretary Steven Mnuchin met regularly to discuss stimulus terms but the two could not come to an agreement. Last week, Mnuchin proposed that Congress seriously consider reallocating $580 billion of funds that have already been appropriated — the idea which McConnell supports. Many people doubt that any significant stimulus relief aid will be passed before Joe Biden takes office on Jan. 20. “We are pessimistic about the prospect of any significant near-term fiscal relief, and fear several social safety-net programs may be allowed to expire, affecting millions of households across the country,” said Nancy Vanden Houten, lead economist at Oxford Economics. She added that millions of Americans are “heading for a bleak winter as safety nets expire.” Some analysts are more optimistic that Congress could pass a smaller bill than Pelosi’s Heroes Act before the end of the year. Goldman Sachs’ strategists said lawmakers are likely to enact a $1 trillion stimulus package even before Biden’s inauguration in January. However, even if a stimulus package is passed early next month with second stimulus checks for individuals and households, the Internal Revenue Service (IRS) could take weeks or months to electronically deposit the funds into people’s bank accounts and a lot longer to mail out paper checks. Do you think Americans will receive another stimulus check before the year’s end? Let us know in the comments section below. The post Status of Second Stimulus Checks as Deadline for Government Shutdown Draws Near appeared first on Bitcoin News. View the full article

ECB President Christine Lagarde downplays any risks bitcoin and other cryptocurrencies could pose to financial stability and monetary sovereignty. In contrast, she sees stablecoins, such as Facebook-backed libra, as posing “serious risks.” Christine Lagarde, Bitcoin, and Facebook’s Libra The president of the European Central Bank (ECB), Christine Lagarde, shared her view on the future of money in an article published Monday in L’ena hors les murs magazine. She specifically discussed “bitcoin or other crypto-assets that have been trying to gain a foothold in the digital payments space and to anchor trust in their technology.” Lagarde began by stating that innovations like blockchain technology “bring both new opportunities and new risks.” She noted that peer-to-peer (P2P) transactions have “no need for a trusted third-party intermediary,” asserting that the trust “is replaced by cryptographic proofs and the security and integrity of records is ensured by DLT, which avoids the ‘double-spending’ problem.” The ECB chief elaborated: The main risk lies in relying purely on technology and the flawed concept of there being no identifiable issuer or claim. This also means that users cannot rely on crypto-assets maintaining a stable value: they are highly volatile, illiquid and speculative, and so do not fulfil all the functions of money. Lagarde proceeded to point out that unlike bitcoin, stablecoins “pose serious risks,” even though they “could drive additional innovation in payments and be well integrated into social media, trade and other platforms.” She explained that stablecoins “try to solve crypto-assets’ problem of a lack of stability and trust by pegging their assets to stable and trusted fiat money issued by States.” In addition, the issuers of “global” stablecoins, “aim to introduce their own payment schemes and clearing and settlement arrangements.” Global stablecoins are stablecoins that are likely to achieve mass adoption from inception, such as Facebook-backed libra. The ECB chief warned that if these global stablecoins are widely adopted, “they could threaten financial stability and monetary sovereignty.” For instance, she explained: “if the issuer cannot guarantee a fixed value or if they are perceived as being incapable of absorbing losses, a run could occur. Additionally, using stablecoins as a store of value could trigger a large shift of bank deposits to stablecoins, which may have an impact on banks’ operations and the transmission of monetary policy.” Moreover, Lagarde believes that stablecoins backed by global tech firms “could also present risks to competitiveness and technological autonomy in Europe, as they would attempt to leverage their competitive advantage and control of large platforms,” adding: Their dominant positions may harm competition and consumer choice, and raise concerns over data privacy and the misuse of personal information. Former Goldman Sachs hedge fund manager Raoul Pal commented on Lagarde’s view, tweeting: “the fear is real and it’s stablecoins they see as the threat, not bitcoin.” What do you think about Lagarde’s view on bitcoin and stablecoins? Let us know in the comments section below. The post ECB Chief Christine Lagarde Downplays Bitcoin’s Risks to Financial Stability, Troubled by Stablecoins appeared first on Bitcoin News. View the full article

PRESS RELEASE. What is yield farming? Yield farming, also referred to as liquidity mining, is a way to generate rewards with cryptocurrency holdings. In simple terms, it means locking up cryptocurrencies and getting rewards. In some sense, yield farming can be paralleled with staking. However, there’s a lot of complexity going on in the background. In many cases, it works with users called liquidity providers (LP) that add funds to liquidity pools. What is Earn finance ? Earn Finance : is a blockchain agnostic decentralized finance (DeFi) aggregator platform that supports DeFi projects deployed on Ethereum blockchain, Binance smart chain etc., focusing on simplicity, user experience, privacy and global adoption powered by rewardiqa foundation , we are developing a powerful community-centered DeFi Platform focusing on staking, farming, borrowing and mortgage. The platform is powerful enough from a scalability, interoperability, developability and governance perspective to help make the vision of Web3 a reality that aims to get more value for an investment. How to buy YFE Tokens : For the purpose of developing a robust YFE platform, and most importantly to encourage early investors and supporters, earn finance team has decided to organize a presale of Earn finance (YFE) token. (There will be 4 ROUNDS for the presale ) Direct link to join presale: https://earnfinance.net/index.php/presale/ Presale steps : Go to the YFE presale link, then connect Your Metamask, Get your ETH ready, add amount you want to buy and press buy YFE Token , if you do not have metamask, simply follow instructions here https://telegra.ph/Earn-finance-presale-11-28 Tokens unsold would be burned, Uniswap liquidity will be locked 100% for 1 year). Earn finance presale distribution process : 60% of raised funds after the presale would go to Uniswap pool. 40% of raised funds after the presale would be used for listing on more exchanges, marketing & promotion, and development. Earnfinance (YFE) Token will be listed on Uniswap after presale. Earnfinance (YFE ) Token will be listed on Coinmarketcap (CMC), and other exchanges such as Balancer, Binance, Kucoin, FTX and more after some days on Uniswap. If you need any further assistance, telegram admins are there to help. YFE Finance Products : We’re building a transparent, secured, user-friendly, and simple yield farming platform, that would provide opportunity for the YFE holders to get benefits from several platforms provided by earn Finance. YFE Finance : staking platform enables investors to earn a yield on YFE token, depositing, and selecting the amount you want to stake, you will get an APR of 32%, and it can be unlocked anytime and you will get FYFE Token reward also. Governance : The earnfinance ecosystem is controlled by YFE token holders who submit and vote on proposals that govern the ecosystem. Proposals that meet quorum requirements (>20% of the tokens staked in the governance contract) and generate a majority support (>50% of the vote) are implemented by a 9 member multi-signature wallet. Changes must be signed by 6 out of the 9 wallet signers in order to be implemented. The members of the multi-signature wallet were voted in by YFE holders and are subject to change from future governance votes. Lending – YFE will provide you with the highest yield in the market today, Upto 32% APR for supported coins (DAI, USDC, USDT, TUSD, BUSD, PAX) STAKING – Stake YFE and Earn 32% APR, YFE can be unlocked anytime without any lock period or other obstacles on your way. Yield Farming – It is simply based on a farmer who plants and harvests all his crops. The more you farm, the more the harvest, the more the invest the more the profit. With YFE you will be able to enjoy Yield Farming to its fullest. Earn swap – Exchange between your assets without sending anything to anyone or without any fear of loss. Dapps – Earn finance is also developing their own Dapp running on the Ethereum Network, allowing users to use it from any of their favorite wallet (Trust wallet, MEW, Metamask etc.) to search and use their Decentralized Ecosystem. Earn Finance Tokenomics: Token Type : ERC-20 Token symbol : YFE Token Name : Earn Finance Contract : 0x8c1Ca31E0992421f26A74Df65b303C0Af2A48b51 Total Supply : 500,000 YFE Circulating Supply : 100,000 YFE Initial Uniswap Liquidity : 100,000 YFE YFE for Pre-sale : 200,000 YFE Team Tokens : 10,000 YFE Marketing & Development : 80,000 YFE Airdrops : 110,000 YFE Conclusion : Earn finance offers an innovative platform and promotes Defi to an advanced level. It aims to work efficiently with the other existing protocols of Defi to build the new world ecosystem. Earn Finance Community: Website : https://earnfinance.net Telegram channel – https://t.me/earnfinanceglobal Twitter : https://twitter.com/earnfinance1 Email : support@earnfinance.net This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release. The post Earnfinance Is a Powerful DeFi Platform for Staking, Farming and Borrowing – YFE Presale Is Live appeared first on Bitcoin News. View the full article

Gold investors are getting anxious, as the precious metal’s prices have slid a great deal since a number of vaccine companies have revealed medicines to combat the coronavirus. The price of one ounce of fine gold is valued at $1,770 per unit after the precious metal registered the third straight weekly loss in a row. Moreover, last week gold saw the largest weekly outflow ever, as investors seem to be selling the safe-haven asset in great numbers. Gold (Au) prices per ounce continue to spiral lower in value, as the price of the precious metal is down more than 14.5% since the all-time high this past August. The reason for the low value during the last few weeks may be due to the progress stemming from vaccine manufacturers who claim to have produced medicines that will help battle Covid-19. Craig Erlam, an analyst from the forex exchange OANDA believes the most recent vaccine news is probably the driver. “The news of vaccines has led to a lot of optimism in the market and we are seeing some outflows in safe-haven assets like the dollar, Treasuries and the same is being reflected in gold prices,” Erlam said in an interview on Monday. The precious metals markets for gold (Au) and silver (Ag) on Monday, November 30, 2020. Meanwhile, gold has also seen the largest weekly outflow ever, as analysts suspect that gold investors are cashing out. For instance, the independent financial researcher at The Gold Observer, Jan Nieuwenhuijs, shared a chart last week showing the massively sized gold outflows. Alongside this, in an investor’s note on Monday, the chief analyst at Activtrades Carlo Alberto De Casa said “the short-term trend for bullion has been compromised by the price falling through the support level at $1,850.” The Activtrades chief analyst further added: Investors have moved to other assets, seeking faster gains, although they haven’t forgotten that central banks will be forced to print money for many years to help the economy to recover from the Covid-19 crisis. Of course, many investors and analysts see the precious metal’s money flow going into the cryptocurrency economy. Moreover, traditional market sentiment has improved a great deal and this has put a lot of eyes on bitcoin and digital asset investments. Simon Peters, an analyst at Etoro says that “sentiment is improving in traditional markets and the world.” “All eyes have been on bitcoin in the past week with debates raging as to whether we reached a new all-time high or not,” Peters added. The Etoro analyst continued: After the blistering run in the past eight weeks, a price correction was bound to occur and the fall this week is more than coincidence. With bitcoin having finally hit a three-year high on Tuesday – just days before Thanksgiving and the blockbuster sales of Black Friday it seems that many investors that have held since December 2017 have chosen to take their profits. Furthermore, macro strategist Raoul Pal told his 282,000 Twitter followers that he planned to sell all of his gold reserves for cryptocurrencies. “I have a sell order tomorrow to sell all my gold and to scale it to buy BTC and ETH (80/20),” the macro strategist tweeted. I don’t own anything else (except some bond calls and some $’s). 98% of my liquid net worth,” Pal added. The co-founder at Three Arrows Capital, Kyle Davies, also discussed money from gold flowing into the crypto economy this week. “No one goes gold -> $BTC -> alts This year has seen big high net worth inflows from USD or gold to BTC. This is not retail. These guys aren’t going into ripples,” Davies tweeted on Sunday. On the exchange Bitstamp, bitcoin (BTC) touched an all-time high of $19,864 on Monday, November 30, 2020. While crypto-assets like bitcoin are on a tear and gold prices are seeing weekly lows week after week, per usual, gold bug Peter Schiff has felt the need to attack bitcoin on Twitter. Schiff is not too pleased with the fact that a number of CNBC news anchors like Brian Kelly are bullish about bitcoin’s future value. “The reason it’s so easy for bitcoin pumpers to fool CNBC anchors into buying into the bitcoin mania is that their understanding of investments, fiat money, gold, and economics is so limited,” Schiff tweeted on Monday. “CNBC anchors are entertainers. At least sports anchors know something about sports,” he added. Meanwhile, on the exchange Bitstamp, bitcoin (BTC) touched an all-time high of $19,864 on Monday, November 30, 2020. What do you think about the massively large gold outflows last week and the price spiraling lower? Do you think gold investors are joining the crypto economy? Let us know what you think about this subject in the comments section below. The post Gold Sees Largest Weekly Outflow Ever, Metal Prices Spiral Lower, Analysts Expect Flows Into Bitcoin appeared first on Bitcoin News. View the full article

The Venezuelan Army has inaugurated a cryptocurrency mining center with bitcoin mining equipment aimed at generating “unblockable income,” as the country attempts to bypass U.S. sanctions. The crypto mining center has the support of the country’s crypto regulator, Sunacrip. Venezuela’s Army Starts Cryptocurrency Mining The Venezuelan Army’s cryptocurrency mining center was inaugurated on Nov. 19 by the 61st Agustín Codazzi Engineer Conditioning Brigade, according to local media. The inauguration was led by the General of the Bolivarian Army Lenin Herrera, Commander of the Brigade. He was accompanied by Major General Domingo Hernández Lárez, Commander of the Bolivarian Army and one of the highest-ranking military personnel in Venezuela. Also present at the event were representatives of the Superintendencia Nacional de Criptoactivos y Actividades (Sunacrip), the regulator of the crypto sector in Venezuela, and the private company Crypto & Trading. The Brigade posted a video on Instagram explaining its mining operations. “For the sake of strengthening and self-sustainability of our Bolivarian army, the harvesters of the 61st Agustín Codazzi Engineer Conditioning Brigade, proudly present the technological [blockchain] project of the Army’s digital asset production center,” it details, as translated by Bitcoin.com. The mining center has the support of more than 26 national legal norms, the country’s new anti-blockade law, Sunacrip, and the civic-military alliance. The video continues: The era of cryptocurrency production begins in all units of the military component, which will be unblockable income. “These local mining farms and the miners’ refurbishment line allow production in real-time, defeating the fiat system, blocked and managed by colonialist interests that have affected the Venezuelan people,” the video concludes. The Venezuelan National Constituent Assembly (ANC) approved the anti-blockade bill in October. The legislation was announced by Nicolas Maduro as a legal tool to combat U.S. sanctions against the Venezuelan economy. The bill allows the Venezuelan government to “implement programs to ensure the investment from technicians, academics, businesses, workers’ councils and popular organizations in projects or alliances in strategic sectors,” local media described. It also allows the government to “suspend, in specific cases, legal norms that are inapplicable or counterproductive” due to sanctions. What do you think about the Venezuelan Army mining bitcoin? Let us know in the comments section below. The post Venezuelan Army Starts Mining Bitcoin for ‘Unblockable Income’ appeared first on Bitcoin News. View the full article

Digital currency markets are on a tear this week, as a myriad of crypto assets have seen enormous gains during the last two days. Then finally, on November 30, 2020, the largest blockchain in terms of market cap, bitcoin (BTC) surpassed the crypto asset’s 2017 all-time highs (ATH) after crossing the highly anticipated $19,860 zone on Monday morning (EST). The entire cryptocurrency economy has spiked in value considerably and on Monday, November 30, 2020, as there’s over $34 billion in global trade volume. Moreover, out of the 7,500+ crypto-assets in existence, the market valuation is hovering well above the $547 billion zone. Bitcoin (BTC) prices have touched a lifetime all-time high surpassing $19,666 per unit (Bitstamp ATH) on Monday, November 30, 2020, by reaching $19,864. The crypto asset is up over 8% during the last 24 hours, 5% for the week, and over 40% during the last 30 days. Bitcoin (BTC) chart on November 30, 2020. Data stems from the exchange Bitstamp. 1-day BTC/USD chart. All-time high price is based on the exchange Bitstamp’s ATH record on December 17, 2017. Despite BTC’s price lift, the coin’s dominance index (market cap value measured against the entire valuation of all crypto markets) remains at 63% today. Bitcoin’s dominance index has not increased higher, because numerous altcoins have seen massive gains during the last 48 hours. At a current price of over $19,500 per unit, bitcoin’s market cap today is hovering at around $362 billion. BTC’s market cap is larger than each of the world’s four largest banks; JPMorgan Chase USA, ICBC China, BAC USA, and CCB China. BTC’s SHA256 hashrate (processing power) is coasting along at 130 exahash per second (EH/s) and there are 17 mining pools pointing hashrate at the network. Mining on the bitcoin (BTC) is difficult today as the difficulty metric is 19.16 trillion but in 13 days, it’s expected to increase to over 20 trillion. Bitcoin’s issuance rate or inflation rate has dropped considerably since the third block reward halving this past May. Back then the inflation rate was hovering at around 3.6 to 3.8% and on Tuesday in late November, the inflation rate is now 2.69% and continues to shrink. Bitcoin (BTC) chart on November 30, 2020. Data stems from the exchange Bitstamp. 1-week BTC/USD chart. “The narrative of bitcoin as a safe alternative to traditional finances is being established without a doubt,” Vijay Ayyar, Head of Asia Pacific & Luno Exchange at Luno told news.Bitcoin.com. “Gold is starting to become less relevant especially for the younger population and investors and this shift from Gold to bitcoin has just begun.” The second-largest blockchain, in terms of market cap, ethereum has increased a great deal in value during the last week. Ether is trading between $590 to $600 per ETH and the crypto asset is up 0.54% this week and 58% for the last 30 days. Ethereum’s market valuation on November 30 is roughly $67 billion. The third position held by XRP has seen a jump of over 8% during the last week. XRP is currently swapping for $0.64 per unit and 30-day stats show XRP has climbed over 94% to get to its current position. XRP’s moves have managed to push tether (USDT) down a notch to the fourth-largest position. The fifth-largest blockchain, in terms of market cap, belongs to bitcoin cash (BCH) on Monday, November 30. BCH has a liquid market cap of over $5.5 billion and each coin is trading between $290 to $301 per unit. Bitcoin cash prices are still down over 5% during the last seven days and just above 16% for the last 30 days. At the time of publication, bitcoin (BTC) has slipped back some after touching the high on Monday and is currently swapping for $19,500 per coin. A second attempt to break the $20k price zone could very well be in the cards later today. Check out all the crypto price action today in real-time by leveraging markets.Bitcoin.com for the latest values on your favorite digital assets. What do you think about the recent gains stemming from crypto markets and bitcoin’s latest all-time high? Let us know what you think about this subject in the comments section below. The post Bitcoin Crushes Previous All-Time Price Highs Surpassing 2017’s Bull Run appeared first on Bitcoin News. View the full article

Guggenheim’s billion-dollar Marco Opportunities Fund (MOF) may seek indirect exposure to BTC through the investment of 10% of its net asset value into Grayscale’s BTC Trust (GBTC). The investment (when complete) means MOF will have committed as much as $497 million into the GBTC. In a November 27 amended prospectus filing with the U.S. SEC, Guggenheim explains the rationale for seeking indirect exposure to BTC. According to the explanation, Guggenheim’s MOF wants to achieve its investment objective by “investing in a wide range of fixed-income and other debt and equity securities.” This includes exposure to cryptocurrencies which the fund’s management believes will “offer (an) attractive yield and/or capital appreciation potential.” Still, in the same filing, the investment company acknowledges the risks associated with investing in cryptocurrencies in general. Consequently, management says the “Fund’s exposure to cryptocurrency may change over time.” Also, as regulators zero in on cryptocurrencies and in particular crypto exchanges, Guggenheim hints this will have a bearing on the fund’s decision-making process. The document explains the fund’s understanding as follows: Cryptocurrency is a new technological innovation with a limited history; it is a highly speculative asset and future regulatory actions or policies may limit, perhaps to a materially adverse extent, the value of the fund’s indirect investment in cryptocurrency and the ability to exchange a cryptocurrency or utilize it for payments. Better Understanding of the Risks Meanwhile, the filing also details the tax implications that may arise as a consequence of being exposed to the highly volatile BTC. Although Guggenheim MOF is not directly buying BTC, still the commitment by a large institutional investor to put 10% of the fund’s net worth indirectly into BTC is another milestone for the top crypto. The approximately half a billion-dollar commitment suggests that many larger investors now understand not only the advantages, but also the risks associated with the inclusion of cryptocurrencies in their portfolios. What are your thoughts about Guggenheim MOF’s intention to get exposed to BTC via GBTC? Share your views in the comments section below. The post Guggenheim Investment Fund to Invest $497 Million in Grayscale’s GBTC Seeking Bitcoin Exposure appeared first on Bitcoin News. View the full article

The Great Reset agenda is trending once again on social media, numerous news outlets, and a variety of online forums. During the last few months, the Great Reset proposal has been pushed worldwide, as it allegedly seeks to create a sustainable economy following the coronavirus pandemic. Meanwhile, a great number of people are skeptical of the reboot proposal, as detractors believe the Great Reset is an assault against capitalism and basic financial liberties. Skeptics Are Speaking Out Against the Great Reset A myriad of individuals and news organizations have been discussing the Great Reset, a proposal that was first introduced by the World Economic Forum (WEF) and the and WEF director Klaus Schwab. News.Bitcoin.com has published a few editorials about the subject and some of the events that are seemingly pushing the Great Reset closer toward reality. Moreover, our newsdesk also looked at the pushback against the reset movement and why people believe the proposal is a steadfast plan to usher in a new world order. #londonprotest Folks are protesting against economic carnage that is the Great Reset. Businesses who have had to close since MARCH. Towns Destroyed, livelihoods & jobs gone. But also against the Lies, the Media, Vaccines, Health Passports. These are our Freedom Fighters. pic.twitter.com/X1ZOc7DKtI — 'In Truth We Trust' (@SikhForTruth) November 28, 2020 The topic is still trending heavily on social media and forums as a great number of skeptics are wary of the reboot concept. It is being said that the Covid-19 pandemic and subsequent lockdowns are all part of the reset plan to keep the populace “submissive.” Great Reset detractors also believe that the proposal is an attack on free-market enterprise, and it is also leveraging climate change fear to push the agenda. For instance, Breitbart columnist James Delingpole tweeted about the Great Reset after the former Prime Minister of the United Kingdom, Boris Johnson talked about carbon emissions in Colombia. Delingpole said: You absolutely disgusting imbecile. We want our jobs, our businesses, our economy back – not your Great Reset. Delingpole is not the only columnist speaking out against the Great Reset agenda. Cindy Simpson from the publication, American Thinker, has also been tweeting about the subject with skepticism. After New Mexico’s government shut down groceries stores for two weeks, Simpson said: “Step by step, weeks to months, the lockdowns are teaching citizens that they’re really just subjects, totally dependent on the state–the perfect, submissive new normal condition to enable the Great Reset.” Meanwhile across Europe, Britain, Canada, the United States, and many other nations Covid-19 lockdowns are ramping up again. U.S. President-elect Joe Biden has been telling the press that he will mandate masks nationwide and his advisor says he plans to enact a six-week Covid-19 lockdown. After the This Year’s Craziness, Anyone Speaking Up Is Now Considered a Conspiracy Theorist Podcaster Aubrey Huff told his 239,000 Twitter followers that the ultimate plan is to forcefully usher in socialism. “The plan with this overblown virus [and] tyrannical lockdowns has always been to make small businesses, [and] middle-class families broke, [and] desperate,” Huff tweeted. “Why? So that they will have no choice but to accept socialism.” In response to Huff’s Twitter statement, many of his followers discussed the Great Reset. Basically, the Great Reset consists of a threefold effort that starts with a “stakeholder economy,” which aims to circumvent economic inequality. The second component is making sure all investments created in this new economy bolster sustainability and equality. Lastly, the third part of the agenda consists of strengthening the Fourth Industrial Revolution. WEF director Klaus Schwab gives insight into this concept by stating: The third and final priority of a Great Reset agenda is to harness the innovations of the Fourth Industrial Revolution to support the public good, especially by addressing health and social challenges. During the COVID-19 crisis, companies, universities, and others have joined forces to develop diagnostics, therapeutics, and possible vaccines; establish testing centers; create mechanisms for tracing infections; and deliver telemedicine. Imagine what could be possible if similar concerted efforts were made in every sector. Of course, anyone who complains that the Great Reset is an assault against the free market and civil liberties is called a “conspiracy theorist.” For instance, the Wikipedia page that is dedicated to the Great Reset proposal discusses the controversy and immediately calls the theories unfounded. “[The Great Reset] has been criticized for using the pandemic to implement a risky experiment and a petition to stop it gained 80,000 signatures in less than 72 hours,” the Wikipedia article says. “A baseless conspiracy theory has spread in response, claiming it will be used to bring in socialist and environmental changes and a supposed new world order,” the Wikipedia editor adds. We the People can cancel the Great Reset……….any time WE choose!!! (we outnumber them)!!! — Duncan J Campbell (@Maven1967) November 28, 2020 ‘Society Is Being Organized by and for Principal Interest Groups Called Stakeholders’ Despite the deflection, many journalists are discussing the theory more regulary and noting that the skeptic’s conspiracies might be legitimate. For instance, on November 27, the National Review columnist Andrew Stuttaford wrote an editorial about the subject and called it: “The Great Reset: If Only It Were Just a Conspiracy.” Stuttaford says that the Great Reset is merely just calling corporatism another name. The author details a great number of corporate partners who are backing the Great Reset proposal such as firms like Deloitte, Apple, Microsoft, Ericsson, Lockheed Martin, IKEA, Facebook, and IBM. Moreover, Stuttaford authored a previous article that describes what corporatism is and how it dodges individualism for the collective. “[Corporatism is a] hydra-headed ideology with origins in the premodern, and a very mixed past — sometimes benignly (it influenced the formation of West Germany’s social market economy) and sometimes not (it was an important element in pre-war fascist theory),” Stuttaford explains. “The different forms corporatism has taken make it tricky to define with precision, but they share a common core: the conviction that society should be organized by and for its principal interest groups — let’s call them “stakeholders” — intermediated by, and ultimately subordinate to, the state. The individual does not get a look in,” the National Review contributor added. Stuttaford’s column concludes by saying that society has been hearing about this vision for a long time using many variants. Fringes like climate change, stakeholder capitalism, and definancialization have taken the center stage worldwide, “and not only in front of the Davos crowd,” Stuttaford insists. Technologies Like Encryption and Bitcoin Can Fundamentally Alter the Nature of Corporate and Government Interference Numerous free-market advocates including cryptocurrency proponents believe the Great Reset is an immoral concept and technologies like bitcoin are meant to defend people’s wealth from definancialization. For years now sound economists, libertarians, and free-thinking individuals have warned the masses about the globalist elite pulling dirty tricks. The World Economic Forum isn't very economic The World Health Organization isn't very healthy The Bill & Melinda Gates Foundation has a large bill but few gates The Federal Reserve isn't very federal and has no reserve The Great Reset is anything but great#Bitcoin is real — Knut Svanholm (@knutsvanholm) November 29, 2020 The original cypherpunks knew, that while the internet was and still is being leveraged for mass surveillance, the world wide web and certain technologies like encryption and digital cash could help bolster privacy and financial liberties. Back in 1988, the software engineer Timothy C. May discussed how technology will help stop totalitarian nation-states and corporate entities from interfering with the sovereign individual. May said: Just as the technology of printing altered and reduced the power of medieval guilds and the social power structure, so too will cryptologic methods fundamentally alter the nature of corporations and of government interference in economic transactions. While globalists push their unwanted agendas, in time privacy advocates and crypto-anarchists will create a liquid market for all material, May insisted. “And just as a seemingly minor invention like barbed wire made possible the fencing-off of vast ranches and farms, thus altering forever the concepts of land and property rights in the frontier West,” May stressed. “So too will the seemingly minor discovery out of an arcane branch of mathematics come to be the wire clippers which dismantle the barbed wire around intellectual property.” What do you think about the theories surrounding the Great Reset proposal and the skeptics who are against it? Let us know what you think about this subject in the comments section below. The post Fighting Definancialization: Cryptologic Methods Like Bitcoin Could Protect Wealth From the Great Reset appeared first on Bitcoin News. View the full article

SINOVATE’s Incorruptible Data Storage (IDS) dCloud network is providing game-changing decentralised cloud storage to the market – and to do that, the network needs reliable, distributed hardware and dedicated servers which will provide it with the stability and longevity needed to run this ground-breaking service. 2020 – What a Year for Crypto From rampant COVID-19 market uncertainty, to 350% BTC price appreciation since March, and now to the return of Crypto to the mainstream media spotlight – it’s been a roller-coaster of a ride. As we approach the year end, we have seen innovative responses to the pandemic born from blockchain – the often-touted supply-chain use case has found good application in helping to alleviate the issues resulting from over-subscribed retail and commercial supply chains. Not to mention the use case for distribution of a COVID vaccine, which requires rigorous quality control and traceability, two elements handled succinctly by blockchain application. Perhaps too, the rise in price signals that people are once again searching for an alternative to the traditional financial system which has failed them – one which is part of a world of indecision, and of grim outlook. Comparatively, sentiment in the crypto industry is up. PwC’s estimate on big money’s presence in the industry doubled from $1bn in 2019, to $2bn this year in 2020. What’s more interesting to note is that 42% of those hedge funds were involved in cryptocurrency staking – or to those familiar with industry terms, DeFi. And the market truly has taken DeFi in its stride. In February of this year, a total of $1bn was locked in DeFi contracts. And a short 6 months later in August, that figured had risen by more than 400% to a total of over $4bn. And as of 20th November 2020, that figure approaches a staggering $14bn, which represents 1400% growth in commitment this year. It does not take a great stretch of the imagination to understand that there is a link between the fantastic returns offered by DeFi and the general uptick in the Crypto industry. DeFi: All That Glitters is not Gold In the crypto industry, we are used to hype. We saw plenty of it in 2017, when the ICO craze first hit, and for DeFi, staggering numbers aside – you don’t have to look far to see the same issues. Never far from the headlines is news of bad actors, scams, pump and dumps, exposed through Telegram groups, and if you’re lucky – even executed on exchanges, where funds can be returned. And with an eerie warning coming from a mysterious whale touting 99% of DeFi as a scam, we’ve got to look at the possibility that repeating our past mistakes – that is, committing undue amounts of wealth to projects with no tangible backing, no history, and no team – Is inviting trouble. It leaves investors at the mercy of the market, and at mercy of the DeFi bubble popping. Deterministic Infinity Nodes: An Alternative to DeFi It comes at a perfect time, then, that a solution to the latent shortcomings in the world of passive income should become apparent this month. With the present hardfork in the SINOVATE project’s code, comes the release of the Deterministic Infinity Nodes, or DIN for short – And there are some impressive returns being offered for operating nodes on the SINOVATE network. In short, SINOVATE’s Incorruptible Data Storage (IDS) dCloud network is providing game-changing decentralised cloud storage to the market – and to do that, the network needs reliable, distributed hardware and dedicated servers which will provide it with the stability and longevity needed to run this ground-breaking service. To start a node, users stake their choice of SIN coins as collateral. The collateral is burnt at the start of the 12-month period, and returned over the course of the year by daily rewards – Which provides the financial incentive to wait the full year out, and also reduces inflationary pressure. SINOVATE is rewarding users at the following levels: MINI DIN (100,000 SIN Collateral) – 130% returns MID DIN (500,000 SIN Collateral) – 30.6% returns BIG DIN (1,000,000 SIN Collateral) – 27% returns And the best part is, no tricky masternode setup – SINOVATE have implemented their one-click node setup to allow users to get their node running automatically in a matter of minutes, instead of hours usually associated with node setup. No Node? No Problem – Introducing HCO Even though running a node is easy, SINOVATE still wanted to make great rates of passive income available to everyone, no matter their level of wealth. That’s why they are introducing the HCO (HODL Coin Offering) – Where users can get up to 15% APY from locking up to 75,000 SIN for up to 1 year. The full breakdown can be found below: 12-Month Lock – 15% APY 6-Month Lock – 6% APY 3-Month Lock – 3% APY What’s more, is that the SINOVATE team is funding this initiative directly from the development budget, meaning that there will be no new tokens minted, to neutralise inflationary impacts resulting from the initiative – But hurry, because there are only 64 days left of the initiative! Conclusion It is true that DeFi has changed the financial landscape this year – and it is true that we expect more from our money – however what is also apparent is that scam projects and bad actors are running amok in the market at the moment. SINOVATE is a project with a game-changing proposition, a dedicated and community-focused development team, and the potential to go further than any project has before their hardfork just released, and there are many more updates on the way in the next 6 months, and now, they have an answer to DeFi. When will you head to infinity? Visit the website to learn more or set up your node today. This is a sponsored post. Learn how to reach our audience here. Read disclaimer below. The post Better than DeFi: SINOVATE’s New Infinity Nodes Provide Up to 130% Returns appeared first on Bitcoin News. View the full article

The Russian prime minister has outlined the government’s plans to amend existing laws to recognize cryptocurrency as property. This means bitcoin owners will have the legal rights to defend and recoup their cryptocurrencies in court. Russia to Recognize Bitcoin as Property During the government meeting on Thursday, Russian Prime Minister Mikhail Mishustin talked about Russia’s plans for cryptocurrency regulation alongside other initiatives to fight against the spread of the coronavirus pandemic. After outlining several solutions the Russian government has come up with, Mishustin said, “Another solution concerns cryptocurrencies.” He added that “This is a relatively new tool, interest in which is constantly growing.” The Russian prime minister continued: “The government plans to direct the development of this market in a civilized direction so that the owners of such assets can protect their rights and interests, and the creation of shadow schemes would be difficult.” In order to achieve this, Mishustin said, “Let’s make a number of changes to the tax code,” elaborating: Digital financial assets will be recognized as property, and their owners will be able to count on legal protection in the event of any illegal actions, as well as defend their property rights in court. Although there have been discussions among lawmakers to treat bitcoin as taxable property, it is not yet official. Different courts have, therefore, made their own decisions whether to recognize the cryptocurrency as property. In July, a Russian court denied a crypto owner the return of his cryptocurrencies, including bitcoin. The court judged that since bitcoin was not considered property under Russian law, its theft was not a crime. In December last year, the supreme court ruled that tokens were assets like money and property. Russia will begin regulating cryptocurrency next year; President Vladimir Putin signed the crypto bill into law in August. However, Russian lawmakers are still trying to add to the bill. In November, the Ministry of Finance developed new amendments to the crypto regulation, introducing new rules and penalties for unreported and underreported cryptocurrencies. Meanwhile, the Bank of Russia is seeking public comments on the central bank digital currency (CBDC), the digital ruble. What do you think about Russia recognizing bitcoin as property? Let us know in the comments section below. The post Russia to Recognize Bitcoin as Property With Legal Protection appeared first on Bitcoin News. View the full article

A Canadian publicly held company has liquidated all of its ethereum and monero holdings and put all of the proceeds into bitcoin. The company is led by a well-known poker player and former member of the European Parliament. Cypherpunk Dumps Monero and Ethereum for Bitcoin Cypherpunk Holdings, a Toronto-headquartered company listed on the Canadian Securities Exchange (CSE), announced Thursday that it has increased its bitcoin holdings to 276.479 bitcoins. At the current price, the company now holds about $5 million USD in bitcoin. Cypherpunk Holdings added that this is a net increase since June 30 of 72.979 bitcoins, elaborating: The increase in bitcoin holdings is a result of the full liquidation of positions in monero (XMR) and ethereum (ETH), as well as the partial use of proceeds from a private placement of $505,000 CAD that closed on August 27th, 2020. Founded in 1995, Cypherpunk Holdings was formerly known as Khan Resources Inc. but the company changed its name in November 2018. Cypherpunk invests in cryptocurrencies and privacy technologies and is listed on the CSE under the ticker HODL. CEO Antanas Guoga, or Tony G, is a well known high stakes poker player and former member of the European Parliament. He founded the Blockchain Centre in Vilnius, Lithuania, in 2018. Cypherpunk Holdings joins a growing list of major companies with a treasury position in bitcoin such as the Nasdaq-listed Microstrategy and Jack Dorsey’s Square Inc. What do you think about this Canadian public company dumping ether and monero for bitcoin? Let us know in the comments section below. The post Canadian Public Company Dumps Ethereum and Monero for Bitcoin appeared first on Bitcoin News. View the full article

PRESS RELEASE. Centralized exchanges have been the backbone of the cryptocurrency market for years. They offer fast settlement times, high trading volume, and continually improving liquidity. However, there’s a parallel world being built in the form of trustless protocols. Decentralized exchanges (DEX) require no middlemen or custodians to facilitate trading. Due to the inherent limitations of blockchain technology, it has been a challenge to build DEXes that meaningfully compete with their centralized counterparts. Most DEXs could improve both in terms of performance and user experience. Basically, MoonDeFi has two main elements: Swap and Staking (Farming). And when users participate in any of the above activities, they will receive a certain profit. What is the MoonDeFi Protocol? MoonDeFi is a protocol on Ethereum for swapping ERC20 tokens. Traditionally, token swaps require buyers and sellers to create liquidity; MoonDeFi creates markets automatically. Unlike most exchanges that charge fees, MoonDeFi was designed with a very low fee structure without any fees. Traders can exchange Ethereum tokens on MoonDeFi without having to trust anyone with their money. Anyone can lend their cryptocurrencies to the liquidity pool and collect a fee. This is done by an equation that automatically determines and balances the value based on actual demand. How MoonDeFi’s Protocol Works MoonDeFi is an automatic liquidity marketplace, so, there is no order book or central party required for the transaction, and MoonDeFi allows users to act as a one-stop-shop for any type of exchange, be it a token exchange or a trading platform. To enable trading without an order book, MoonDeFi has developed a model called the liquidity pool, which is created by liquidity providers. Anyone with an Ethereum address can contribute to the liquidity of exchange and make money from it. It allows users to exchange ERC20 tokens, including the native ETH token, without intermediaries. There is one important thing that users should keep in mind: they can seamlessly switch between ERC-20 tokens without the need for an order book. As the MoonDeFi Protocol is decentralized, the listing process is fully decentralized and there is no liquidity pool available for traders. How to Swap Tokens on MoonDeFi MoonDeFi’s main distinction from other decentralized exchanges is the use of a pricing mechanism called the “Constant Product Market Maker Model.” – Any token can be added to Moon by funding it with an equivalent value of ETH and the ERC20 token being traded. For example, if a user wanted to make an exchange for an altcoin called Token A, they would launch a new Moon smart contract for Token A and create a liquidity pool with, for example, $10 worth of Token A and $10 worth of ETH. Now, the user is a Liquidity provider. Once a token has its own exchange smart contract and liquidity pool, anyone can trade the token or contribute to the liquidity pool while earning a liquidity provider fee of 0.3%. Ok, that’s the way a Liquidity Provider can earn profit from Swap. Staking/Farming on MoonDeFi The innovative Defi platform MoonDeFi has recently made liquidity mining available to users. After the Liquidity Providers contribute their coins to the pool, they will receive LP tokens. Liquidity Providers can use those tokens to participate in the Staking Program with a high profit rate. The reward will be distributed among users who deposit funds to the liquidity pool and join this program. MoonDeFi automatically searches for the latest and most efficient DeFi platforms. It then optimizes productivity with the latest algorithms that can find highly profitable, at the same time very affordable groups for the user. Users then benefit at a steady rate of interest through farming. At MoonDeFi, when users stake a coin/token, they will receive an interest of 30-40% a year, but when users become a liquidity provider and stake their LP tokens, the interest can go up to 45%. MOON, the native token of the MoonDeFi platform itself, is the one with the highest interest rates. So, in summary, MoonDeFi is a more complete version of other DeFi platforms, with the transaction fee earnings of 0.3% of trading for Liquidity Providers and the staking interest up to 45% annually. An Announcement from the MoonDeFi Team Currently, airdrop & bounty and marketing programs are being launched, the total reward is up to 10 million MOON, equivalent to 10 million USDT. All interested parties need to do is to follow the airdrop bot t.me/moondefi_airdropbot and write blog content or make videos about the project, with each individual reward being up to 150 MOON (~150 USDT). For more detailed information on these two programs, please visit this link. MOON Token Sale MoonDeFi is carrying out a Token Sale at the moment. Users who would like to participate in MOON Token Sale should visit moondefi.org. The details of the MOON Token Sale are as follows: Symbol: MOON Token type: ERC-20 Total Sale: 32,000,000 MOON Pre-Sale (03/12/2020 – 31/12/2020): 8,000,000 MOON – Price: 0.25 USDT Public Sale Round 1 (01/01/2021 – 31/01/2021): 12,000,000 MOON – Price: 0.5 USDT Public Sale Round 2 (01/02/2021 – 28/02/2021) : 12,000,000 MOON – Price: 0.75 USDT Twitter: @moondefi_info Telegram channel: t.me/moondefiofficial Telegram group: https://t.me/moondefiofficialgroup Medium: @moondefigroup Reddit: @moondefi Media Contact Details Contact Name: MoonDeFi Support Contact Email: support@moondefi.org MoonDeFi Contract & Token Addresses Contract: 0x765b2d50dE69219A418383F79a4973568d537F90 Token: 0x71924a8d733ae1bbc18d243e1deb56e767440eb6 This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release. The post Introducing MoonDeFi, a New Part of Decentralized Finance appeared first on Bitcoin News. View the full article

Ripple Labs Inc. is selling 4 million of its shares in Moneygram, or about a third of its total shareholding in the company. The decision seems in part to be motivated by the surging Moneygram share price and Ripple’s desire to cash out after buying the shares at a premium of $4.10 in 2019. At close on Nov. 27, shares of Moneygram were down 4.8% at $7.42 on the Nasdaq Stock Exchange. However, the stock has soared 260% year-to-date, rising from $2.06 on Jan. 2. Ripple will earn nearly $30 million if it sold its 4 million Moneygram shares at current market prices – an almost 50% gain. However, the sale is still in process. A Ripple spokesperson was quoted by industry publications as saying, “this is purely a judicious financial decision to realize some gains on Ripple’s Moneygram International investment…” The spokesperson added that the sale “is in no way a reflection of the current state of our partnership.” According to a U.S. Securities and Exchange Commission filing on Nov. 27, Ripple owns an 8.6% equity stake in the global remittance behemoth Moneygram. That’s the equivalent of 6.24 million shares. Ripple, the issuer of the eponymous XRP cryptocurrency, has the option to buy an additional 5.96 million shares under a warrant. If exercised, that option would bring Ripple’s total shareholding to 12.2 million shares or about 17% of Moneygram’s shares outstanding. Ripple has now put up the 4 million shares for sale. The shares represent about a third of its entire stake in Moneygram when the warrant shares are included. Excluding those, Ripple will still own 2.24 million shares or 3.1% of Moneygram’s shares outstanding. Counting in the additional warrant shares, that would rise to an 11% stake. “We will remain a significant shareholder in Moneygram following the sale,” asserted the Ripple spokesperson, adding that “in just over a year, we’ve made incredible progress and look forward to continuing to work alongside Moneygram to transform cross-border payments.” Ripple completed a $50 million investment in Moneygram in November 2019, in what was touted by the two entities as a strategic partnership. At a premium price of $4.10 per share at the time of the purchase, the $50 million investment adds up to exactly 12.2 million shares – the total number of shares Ripple holds in Moneygram, inclusive of the additional warrant shares. Moneygram uses Ripple’s XRP-based settlement network, the On-Demand Liquidity (ODL) network, to facilitate remittances in Australia, Europe, and the Philippines. What do you think about Ripple selling its Moneygram stake? Share your thoughts in the comments section below. The post Ripple Is Selling 33% of Its Stake in Moneygram appeared first on Bitcoin News. View the full article

Digital asset markets have recaptured some of the losses taken three days ago, as a great majority of the crypto economy has started to rebound after the market rout. Bitcoin has climbed above the $18k handle once again and a myriad of crypto assets are up between 1-6% during the last 24 hours. After dropping to a low of $16,300 per coin, bitcoin (BTC) has rebounded 11.3% to where the price stands today at $18,138 per unit. BTC is still up 33% for the last 30 days, 54% for the last 90 days, and 139% against USD for the last 12 months. Bitcoin’s dominance index, in comparison with the 7,500+ crypto assets’ market caps, is currently just above the 63% handle. The entire crypto-economy on Sunday, November 29, 2020, is hovering around $526.5 billion and there’s roughly $30.50 billion in global trade volume today. The biggest cryptocurrency gains today were captured by zap (ZAP), which is up 71% in 24 hours. The largest losses today stem from carvertical (CV), which is down over 59% on Sunday morning (EST). The second-largest market cap held by ethereum (ETH) is up 5.17% today, but ETH is still down a touch less than 1% for the last seven days. ETH is swapping for $555 per ether and holds a $63 billion market valuation. XRP is trading for $0.61 per coin and is up 0.39% on Sunday morning. Still, XRP commands a $28 billion market capitalization and is up 39% during the last seven days. Bitcoin cash (BCH) holds the fifth-largest market cap below the stablecoin tether (USDT) and is currently trading for $281 per unit. BCH is still down some during the past 24 hours, but is up 7.5% for the week. The crypto asset bitcoin cash (BCH) has a market valuation of around $5.23 billion on November 29, 2020. As BTC jumps back to the levels gained last week, a few analysts believe that altcoins will catch up as well. “BTC is back at its all-time high levels, but what is worth noting is the valuation of the altcoins which are on average still 50% below their all-time highs,” the Head of Trading at NEM, Nicholas Pelecanos said. “Some altcoins represent projects that are no longer functioning, yet other projects have seen tremendous development on both adoption and tech. For me, catching these undervalued altcoins is now the trade to be made,” Pelecanos added. Other analysts assume that the demand for bitcoin (BTC) and other crypto assets stem from Millennials and the Gen Z generation. “The steady rise of Bitcoin in 2020 has not only continued, but accelerated, during times of political and economic uncertainty. As a whole, the world is looking outside the traditional norms for how and where they manage their finances. This demand comes from Millennials and Gen Z’ers and their progressive outlook on their financial needs, both present and future, and pivoting away from traditional financial institutions as their store of value with next-to-nothing interest rates,” Derek Muhney, Director of Sales at Coinsource explained. Some traders think that the current rise up could be a “bull trap,” which is basically a false signal in a declining trend. For instance, the crypto trader dubbed ‘@Lomahcrypto’ told his 65,000 Twitter followers that he wants to be bullish, but he is still uncertain. “I want to be bullish so bad,” Lomahcrypto tweeted. “Please BTC just close above $17,400 or dump to $15,800. Also… Binance Futures ALTs that were performing well (market leaders) are looking kinda heavy,” he added. “I [have] to agree it looks like trash,” another trader responded. The popular trader @Cryptocapo_ told his 25k Twitter followers that he’s ready to short BTC. “Ready to short (hedge) $17.5k-$18k,” he tweeted. Meanwhile, even though BTC slid 15% in value the other day, many expected the crypto asset to slide a lot more than that, as it has traditionally seen slides much larger in the past (-30% or more). This has caused uncertainty among traders and analysts, as some believe that the price will drop again, but many enthusiasts still wholeheartedly believe BTC is once again targeting the 2017 all-time high. What do you think about the crypto-economy’s recent gains? Let us know what you think about this subject in the comments section below. The post Market Update: Bull Trap Warnings After Bitcoin Shoots Above $18k Handle appeared first on Bitcoin News. View the full article

With bitcoin going through an extended bull-run, scammers and con artists have been on hand to exploit a general fear of missing out (FOMO). Many early adopters of bitcoin became multi-millionaires by simply holding the digital asset. New Scam Tactic Consequently, many bitcoin investment scams have sprung up and millions of dollars have been lost to fraudsters. Although some education and awareness campaigns have helped to expose some of the sinister scam tactics, it appears new and more brazen ones are emerging. One such new tactic implies that investors can buy or own shares in Bitcoin itself, as if it was a corporation. This tactic is for example part of an elaborate plot used by individuals behind an operation called Bitcoin Inc, to con ignorant investors into mistaking the operation for “the real Bitcoin”. In a presentation, the shareholders of “Bitcoin Inc” depict bitcoin as the creation of a privately owned company that came into existence around the year 2010. The timing of Bitcoin Inc’s emergence appears to give the impression that the organisation is likely behind the issuance of bitcoin itself. Using half-truths and outright false claims, the scammers’ webpage says some investors already hold bitcoin shares through Bitcoin Inc’s full corporate shares after buying these in 2010. According to information on the site, there is a “21 million BTC maximum limit and 1000 Bitcoin Inc full corporate shares maximum limit.” One full corporate share is “equivalent” to 10 BTC. Now in order to entice ignorant investors, the website implies that anyone who bought and has held on to one full corporate share since 2010, now has an investment portfolio valued at $210,000. This is because BTC has since risen from the price of $0.10 when the full corporate shares were supposedly issued in 2010. Indeed, BTC has been the best performing asset in the past decade but certainly, it was not issued by any single entity as the operators of Bitcoin Inc are insinuating. Rather, the creation and issuance of bitcoins are down to a complex and decentralized technology. “USDCX” – using names similar to well-known brands, “Bitcoin Inc.” lures investors. So while Bitcoin Inc correctly states 21 million as the fixed maximum of BTC, the organisation fails to inform potential investors that nearly 18,5 million bitcoins have been issued so far. The very last BTC will only be issued in the year 2140, yet Bitcoin Inc implies throughout its pitch that 21 million coins are already in circulation. Meanwhile, at the time of writing, BTC is trading at just under $18,000 but is struggling to break past the $19,500 resistance level. Interestingly, the Bitcoin Inc site falsely implies that BTC has a projected price of $21,000, which would be a new all-time high if it were true. Lies and Half-Truths Normally this use of false information alone should be enough to turn investors away. Typical bitcoin scammers are aware of the general ignorance levels of non-bitcoiners such that they are not overly worried about the potential downside of using lies. Instead, the scammers know that using the appeal of getting rich quickly is often enough to hoodwink even the most rational investors. Furthermore, an apparent reluctance to learn the basics about bitcoin (by non-bitcoiners), as well as the failure to follow trends in the crypto markets, usually gifts scammers with new victims. Perhaps the least known tactic employed by scammers is the attempt to cast themselves as a group of benign philanthropists. Buying USDC Stablecoin Copying this strategy, Bitcoin Inc is giving an opportunity to investors that “missed out” when its full corporate shares were supposedly sold for the first time: Bitcoin Inc says: The full corporate shares of Bitcoin Inc. were purchased long ago, with the shareholders enjoying the benefits and dividends that come with owning the shares of a successful corporation. Bitcoin Inc. has secured an agreement with all shareholders through which they are now generously offering fractionally equivalent corporate shares to the public in honour of Bitcoin Inc.’s 10-year anniversary. Using a very incoherent explanation, Bitcoin Inc assures investors who missed out in 2010 that they can now make amends by “holding any amount of USDCX in your cryptocurrency wallet.” To do this, the website then goes for the kill. An investor simply has to transfer USDC stablecoins equivalent to the USDCX “fractional shares” they want to buy to an ethereum contract address, but there is a caveat. The statement explains that “in order to maintain the integrity of the Bitcoin Inc corporate shares,” the request for the USDCX shares will be processed manually. The statement adds: Once we verify the transaction, the corresponding USDCX will be sent directly to your wallet from the USDCX Ethereum contract address. Only when the process is complete does one become a “proud owner of USDCX and a co-owner of the official Bitcoin Inc.!” But nothing stops the scammer from doing the same thing again with another Bitcoin-like website and domain, such as “Bitcoin Ltd.” Bitcoin is perfectly suited for scammers in that there is no trademark or corporation behind the Bitcoin brand who can protect it from scammers. What do you think of Bitcoin Inc’s fictional “fractional share” offer? Share your views in the comments section below. The post No, You Can’t Buy Shares in Bitcoin appeared first on Bitcoin News. View the full article

PRESS RELEASE. NFT (non-fungible token) had been used in the construction of decentralized gaming platforms, issuing proprietary tokens, anti-copy and copyright related issues. It is expected to be a new trend that will attract the attention of investors because of the profits and practical application of blockchain to life. What is Peafarm? Peafarm is a crypto game that applies the practice of the blockchain industry to creating a special product, completely independent and irreplaceable. Peafarm’s network and protocol are not merely creating a miniature society in the game, but it is also creating residual value calculated in digital assets. The traditional concept and approach “Game is an entertaining game” has been transformed by their team into “Game is an area of financial investment”. In simple words, games are now not only entertaining games, but also a place to profitably invest and make money. In the crypto market, this is a truly project that offers remarkable charm and value. Where to buy PEA tokens: The fact that makes Peafarm unique is its limited token supply. Talking about limited supply, only 15,000,000 PEA minted will be distributed to the community through Airdrops, Pre-sale and Public sale events. Airdrop Link: https://pea.farm/airdrop PEA token sale open time: Phase 1 – Pre-Sale: 08 Dec 2020 Phase 2 – Public Sale: 15 Dec 2020 Public sale link: https://pea.farm/#apps-review After the PEA token is deposited into your personal wallet, you can use the PEA token to buy items, seeds, breeds, etc… in the games. The Peafarm team will also plan to put PEA tokens on some Exchanges such as MXC, Kucoin, Hobit, … Please follow their official media channels for further update. Peafarm ecosystem product: In the Peafarm games ecosystem, the PEA token acts as a platform currency to be traded and used mainly in all gaming or investment activities and applications. Payment and use on Peafarm platform – You can use PEA for internal exchange in-game to pay for the purchase of items, seeds, … or to upgrade production machinery, equipment to increase productivity and profit for the farm. PEA Governance – Owning PEA tokens mean that you have the right to vote on important jobs of the ecosystem. The more tokens you hold, the more votes you will get. Lending – Making profitable investments from Lending. PEA token is the underlying electronic currency that helps you to generate profits from these financial investment tools. Yield Farming – It is simply playing games based on a farmer who plants and harvest all his crops. The more you farm, the more the harvest, the more the invest the more the profit. With PEA you will be able to enjoy playing games and invest in making great profit. PEA token details: Token name: PEAFARM Ticker: PEA Blockchain: TRC20 Contract: TPZwZjcnGeoTGk6K8hhsc8nSuLpcaWEYkV Token Type: NFT Consensus: Delegated Proof of Stake Total Supply: 15,000,000 Circulating Supply: 1,500,000 Among NFT’s applications, it can be said that game applications are the most popular and effective. In addition to the entertainment and creative elements in the game, the Peafarm ecosystem is also a golden egg for people to invest financially when creating many attractive profits from staking and farming. Those are real value, not virtual assets like other online games. The strategy and direction of the Peafarm team are quite smart and sure when launching the platform’s product before the token sale. It clearly shows that this is a potential project and is quite reliable for investment options. Peafarm deserves a potential ecosystem that you should consider in your portfolio. Peafarm’s media channels: Website: https://pea.farm/ Email: samsam@pea.farm Telegram Official: https://t.me/pea_farm Telegram Channel: https://t.me/peafarm Twitter: https://twitter.com/PEA_FARMM LinkedIn: https://www.linkedin.com/company/pea-farm/about/ Facebook: https://www.facebook.com/PEA-FARM-113676433824777 Medium: https://medium.com/@peafarm This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release. The post Peafarm – NFT Crypto Games on Tron 4.0 Platform, Airdrop Is Now Live appeared first on Bitcoin News. View the full article

Financial derivatives products for bitcoin have grown massively during the last few months. On Friday evening (EST), Arcane Research explained that the Chicago Mercantile Exchange has surpassed Okex as the largest bitcoin futures provider. The regulated derivatives market at CME has doubled month after month as incoming interest has created more demand for CME’s bitcoin futures. The Chicago Mercantile Exchange (CME Group) is the world’s largest financial derivatives exchange that trades in various asset classes. The exchange first launched its bitcoin futures products back in December 2017, and since then the demand for crypto derivatives has skyrocketed. On October 14, 2020, the investment manager Wilshire Phoenix published a study which says that “CME Bitcoin Futures contribute more to price discovery than its related spot markets.” “CME Bitcoin Futures have grown to become significant, this is not only demonstrated through trading volume and open interest, but also by influence on spot price formation,” the investment manager’s research called “Efficient Price Discovery in the Bitcoin Markets” said. On October 24, 2020, news.Bitcoin.com reported on how CME Group became the second-largest derivatives market for bitcoin futures in terms of open interest. Two key events helped push CME’s futures above the competitors; the crypto support announcement from Paypal, and the legal troubles surrounding the derivatives exchange Bitmex. This week, CME Group has surpassed Okex and is the largest bitcoin futures provider at the time of publication. The exchange has captured over $1.16 billion in open interest toward its bitcoin futures market product. This is just a hair above the exchange Okex, which commands $1.07 billion in bitcoin futures open interest. The research and analysis firm Arcane Research tweeted about the latest CME Group milestone after obtaining data from Skew.com. “According to data from Skew.com, CME is now the largest futures market for bitcoin. Institutional investors are here,” Arcane tweeted on November 27. Other bitcoin derivatives exchanges that are also seeing notable open interest spikes include Binance, Huobi, and Bybit. In fact, according to Arcane Research’s recent tweet, Bybit and Bitmex share the same amount of open interest. The bitcoin derivatives exchange Bakkt, which deals in physically-settled bitcoin futures is barely a blip on the radar compared to competitors. What do you think about CME outpacing the competitors like Okex when it comes to bitcoin futures open interest? Let us know what you think about this subject in the comments section below. The post CME Group Outpaces Competition Becoming the World’s Largest Bitcoin Futures Market appeared first on Bitcoin News. View the full article

According to various reports, the Bitcoin ABC pro-IFP chain has been under ‘attack’ for a number of consecutive days now. The mystery miner has been mining a great number of sequential blocks, but almost all of them have been empty. The miner who calls himself ‘Voluntarism.dev’ says the mining operation is a group of “old-guard miners,” and claims they can mess with the minority ABC chain for years. ** This article has been updated at 6:15 p.m. (EST) on November 28, in order to reflect recent comments from Blockchair’s founder, Nikita Zhavoronkov, who has stated there have been at least six blockchain reorgs on the ABC’s nameless chain to-date, since the node forked off on November 15, 2020. ‘The Price of Freedom Is Steep’ The cryptocurrency community has been watching the aftermath of the recent blockchain bifurcation, which saw the Bitcoin ABC node fork into its own blockchain. The Bitcoin ABC network is still nameless and without branding, and the token is often referred to as either “ABC,” “BCHA,” or “BAB.” Last week, news.Bitcoin.com reported on a stealth miner who has been mining a large number of consecutive empty blocks. Because blocks have been empty for so long, it’s been hard for anyone to send a transaction on the ABC chain and get the transaction confirmed in a timely manner. It is assumed that the mystery mining pool operator Voluntarism.dev controls 90% of the ABC chain’s hashrate on Saturday, November 28, 2020. Since our newsdesk’s report, the mystery miner has introduced the group on Twitter under the account name Voluntarism.dev, and through coinbase parameter messages every time the pool finds an ABC block reward. On November 24, 2020, the Voluntarism.dev Twitter account created a message with a blockchain signature in order to verify its legitimacy. The same day the miner tweeted: “good ideas don’t require force” and the following day the group tweeted a message to other miners pointing hashrate at the ABC chain. Voluntarism.dev said: I hope all miners agree: we would like 100% of the BCHA coinbase reward to go to pqnqv9lt7e5vjyp0w88zf2af0l92l8rxdgnlxww9j9. The mystery miner Voluntarism.dev has also taken to Github in order to show that the group is serious about the 100% being sent to the IFP address. Later on that day, the pool tweeted that “the price of freedom is steep” and also tweeted some screenshots of Bitcoin ABC’s lead developer Amaury Séchet discussing the infrastructure funding plan (IFP). “ABC violated the (non-aggression principle) NAP with 9 months of civil war,” the Voluntarism.dev Twitter account stressed in another tweet. “Freeriders must pay 100% of the block reward to ABC. We will orphan all blocks that do not. We will pay 100% as well, once ABC merges this change,” the pool added. In another statement Voluntarism.dev said: The amount of value that ABC stole from [Bitcoin Cash] pales in comparison to our expenditures. We are a group of old-guard miners and whales. We can do this for years. Next time you fork: use your own genesis block, your own PoW [algorithm], and build your own community. [Bitcoin Cash] is protected. Meanwhile, between Thursday and Saturday, it took more than 24 hours before any ABC pro-IFP transactions cleared, and the blockchain has suffered a total of two blockchain reorganizations (reorg) to-date. This means after a block has been mined by a miner other than Voluntarism.dev, it’s been reverted and the once confirmed blocks simply disappear. On Saturday morning, there was an attempt to reorg the ABC chain a third time, but it was reverted by the pool Mining Dutch. The mining pool Mining Dutch has managed to process thousands of transactions for senders on Saturday early afternoon (EST). @yhaiyang idea for you. dump your BCHA holdings into your own customer buy walls, then make it worth $0 (per your risk warning) https://t.co/ZFHg17KDZz pic.twitter.com/dVFy4m4rWG — voluntarism.dev (@DevVoluntarism) November 27, 2020 Spawn Camp Attack or Enforced Consensus Mechanism? On November 28, 2020, the cofounder of Ethereum, Vitalik Buterin tweeted about the mystery mining pool that controls 90% of the ABC chain’s hashpower today. “ [A] mining pool 51% attacks BCHA seemingly with the explicit goal of destroying it. Will this be the first true spawn camp attack on a PoW chain?” Buterin asked his Twitter followers. However, the recent empty block attacker is not the first true spawn camp attack on a PoW chain. A Bitcoin clone called Coiledcoin appeared in 2012 and it has been said that it was also attacked by hashrate. The BTC community accused the Core developer, Luke Dash Jr., of leveraging the mining pool Eligius in order to takedown the Coiledcoin project. Software developer Peter Todd spoke about the event on Twitter in 2016 when ethereum classic (ETC) was threatened by a 51% attack. Screenshot of the first two blockchain reorganizations (reorg). On Friday, in a reply to Buterin’s tweet about the mystery miner, BCH proponent, and researcher, Javier González explained that the mining pool’s technique was not an attack. “It is not an attack, it is defensive,” González said. “Bitcoin ABC has fractured the BCH project to capture 8% of the coinbase miners incentive. 90% of the BCH [hashpower] voted against it. And now they are defending their interests. Enforced consensus mechanism,” González insisted. González and others believe the mystery miner is emptying blocks to make it easier to continue the scheme. News.Bitcoin.com spoke with González on Saturday, while the third blockchain reorg attempt took place. González is also the inventor of the Bitcoin Mining Parliament (BMP), a concept that confronts Bitcoin Cash network issues using Nakamoto Consensus. During the morning hours (EST), the mining pools Viabtc and Mining Dutch mined blocks 662396 and 662397. Both of these blocks confirmed thousands of transactions, but again, Voluntarism.dev reorganized the chain with its massive hashpower and the blocks disappeared. González sources data from the block explorer Blockchair and also runs his own ABC pro-IFP node. Although not too long after, confrontational hashpower was able to stop Voluntarism.dev’s third reorg attempt. “The first empty block + reorg attack to destroy a minority split attempt (BAB/BCHA/ABC) is occurring,” González told news.Bitcoin.com on Saturday. “I think they are a group of miners and BCH whales that are acting in coordination to defend the [Bitcoin Cash] blockchain from the split caused by Bitcoin ABC (Amaury) to capture the 8% of the coinbase incentive that belongs to the miners. González further added: Basically, Amaury believes it has the right to break up the project and take the 8% (who knows how much in the future). But that is being denied by hashwar. Mystery Miner’s Third Attempt to Reorg ABC Met With Confrontational Hashpower González also said that the ABC chain only has two mitigations; either selectively ignore hashpower (total centrality) or change the algorithm in emergency. The researcher further highlighted that the ABC chain has no use and that markets may have to delist the coin. While the mystery miner empties blocks it is also optimizing the assault by making it cheaper González detailed. “What we are seeing is what I call ‘executive mining.’ That is, it is not ‘automatic mining’ following the market incentive, but the miners are following their own brains, spending money, thinking of a bigger future incentive (in this case, it seems to be the defense of BCH),” González emphasized. While conversing with the researcher another two blocks were mined by the pool Mining Dutch. González said that the mystery miner Voluntarism.dev is now being confronted in the hash war. “A large amount of hashrate has reversed the reorg, protecting BAB,” González detailed. Currently, there have been two successful reorganizations and one failed attempt on Saturday morning. After the two blocks were found by Mining Dutch, Voluntarism.dev mined four blocks after that, the pool said the confrontational hashpower was a “bully” in the following coinbase message. Following the four blocks mined by Voluntarism.dev (662412, 662413, 662414, 662415), Mining Dutch got another two blocks and managed to process transactions. Blockchair’s engine has caught a total of six blockchain reorgs since the initial fork. This is a screenshot of the node log shared by Blockchair founder, Nikita Zhavoronkov on November 28, 2020. ** At 6:15 p.m. (EST) Blockchair founder, Nikita Zhavoronkov, said his team has caught a total of six blockchain reorganizations on the ABC chain so far. “So far our engine has caught 6 reorgs on BCHA orphaning 12 blocks in total. Two 1-block reorgs on November 25th, two 2-block reorgs on 26th, a 2-block reorg on 28th, and a 4-block reorg on 28th,” Zhavoronkov tweeted. Actually there’ve been [many] more reorgs, they just happen very fast and our engine misses that. I guess I’d need some kind of a separate log parser for more precise numbers,” Zhavoronkov added. As of right now, BCH supporters and ABC proponents will be watching the chain with their eyes peeled. So far, it seems the chain is far from functional and the network’s existence going forward is uncertain. What do you think about the hash war and the mystery miner? Let us know what you think about this subject in the comments section below. The post Hash War: Mystery Miner’s Empty Block Attack Makes ABC’s New Blockchain Almost Unusable appeared first on Bitcoin News. View the full article

Facebook’s libra cryptocurrency is reportedly preparing to launch with a single cryptocurrency, a scaled-down version of its original plan. The launch date for Facebook’s libra could be as early as January. Launch Date for Facebook’s Libra The cryptocurrency libra, proposed by social media giant Facebook, is reportedly preparing to launch as early as January next year. However, only a limited version of the libra cryptocurrency will launch at that time. According to the revised libra whitepaper, the Libra Association intended to initially launch with some of the currencies in the proposed libra basket, such as “librausd or ≋USD, libraeur or ≋EUR, libragbp or ≋GBP, librasgd or ≋SGD),” the association explained. However, the Financial Times reported Friday: The association would now initially just launch a single coin backed one-for-one by the dollar … The other currencies and the composite would be rolled out at a later point. The exact launch date for the libra crypto would depend on when the project receives approval to operate as a payments service from the Swiss Financial Market Supervisory Authority (FINMA). Three people familiar with the matter told the publication that it could come as early as January. Libra’s application was initiated in May. Facebook unveiled the libra project in June last year and later scaled down its plans after being scrutinized by regulators worldwide. The Libra Association has 27 members currently, including Facebook’s David Marcus, who is Head of Facebook’s subsidiary Novi Financial, formerly Calibra. According to Facebook, “The first product Novi Financial will introduce is the Novi digital wallet designed for Libra, a new payment system which is built on innovative blockchain technology.” What do you think about the libra crypto launch? Let us know in the comments section below. The post Facebook’s Libra Crypto Gets Ready to Launch in January as a Single Coin appeared first on Bitcoin News. View the full article

Launching Sure-Win Games! A set of 10 new raffles with guaranteed wins of up to €25,000. Get paid in BTC or BCH! Guaranteed Winners on Every Draw Bitcoin.com partnered with Bravio Tech earlier this year to bring you the first blockchain-powered lottery platform. Bitcoin.com Lottery has since been very popular among players who want to access many of the leading global lotteries from anywhere in the world. Nearly 20% of all tickets sold on the platform have resulted in winners taking home a handsome payout in BTC or BCH. The premium lottery platform from Bitcoin.com is also the first to allow players to withdraw their wins in BTC or BCH for over ten global lotteries, which was unheard of until now. Players can not only purchase tickets to $100s of millions of jackpots in traditional lotteries, but also play a variety of crypto games with jackpots of up to $1 Million drawn out daily. Tickets are limited in all Sure-Win Games. Players can enter raffles with as low as €2 to win up-to a massive jackpot of €25,000! Bitcoin.com Lottery has now launched a set of 10 new games, each with a guaranteed jackpot winner on every draw. Aptly named Sure-Win Games, the new games are one of the hottest offerings yet to come from the brand. Tickets are limited in all Sure-Win Games where users can enter with as low as €2 and play for raffles to win up-to a massive jackpot of €25,000! “We can guarantee a jackpot winner in every single draw, not many platforms can offer that. We have adopted Bitcoin and Bitcoin Cash as mainstream payments. Bitcoin.com is pioneering this new digital age, their expertise in building on blockchain technology is second to none. Together we have created a seamless, user-friendly global lottery platform that removes all boundaries and limitations,” said the CTO for Bitcoin.com Lottery on why he expects these newly launched games to be highly popular among players. Bitcoin.com Lottery currently supports over 10 world-famous lotteries including the US PowerBall and MegaMillions, EuroJackpot and EuroMillions, and the hugely popular Spanish Christmas lottery Loteria de Navidad featuring a massive jackpot of €2.24 billion. BTC PowerPlay and Mega-Jackpot daily crypto jackpots are also available to play. Users can get started on the platform by creating a free account and begin playing within minutes. Play the latest guaranteed win Sure-Win Games and check out some of the hottest lottery offerings at Bitcoin.com Lottery website. The post 1 in 5 Players Win Big at Bitcoin.com Lottery, New Crypto Games Promise Guaranteed Winners appeared first on Bitcoin News. View the full article

All Pizza Hut locations in Venezuela now accept a broad range of cryptocurrencies, including bitcoin, via the payment platform Cryptobuyer. Pizza Hut joins Burger King, Intercontinental Hotel, Traki, and several other major stores in Venezuela that accept bitcoin. Pizza Hut Accepts Bitcoin Cryptobuyer announced on Friday that all Pizza Hut restaurants in Venezuela now accept cryptocurrencies, including bitcoin. The company wrote: From today, you can share with your family and pay with cryptocurrencies … in any of the Pizza Hut restaurants in Venezuela. The announcement adds that among the cryptocurrencies accepted at Pizza Hut are bitcoin, ethereum, dash, litecoin, binance coin, tether, DAI, and Cryptobuyer’s native token, XPT. It further adds that Pizza Hut restaurants are located in Caracas, Maracay, Maracaibo, and Barquisimeto. There are three locations in Caracas — in El Sambil, El Recreo, Líder, Caurimare, and las Mercedes. In June, Cryptobuyer announced that Venezuelans will be able to pay for goods and services with cryptocurrencies in more than 20,000 stores throughout the country. This is made possible through the integration of “Cyptobuyer Pay” into Mega Soft’s “Merchant Server” platform. Mega Soft is a large payment processor in Venezuela, with an average of 18 million transactions processed per month. Cryptobuyer previously explained that stores using Merchant Server have the ability to accept over 100 cryptocurrencies due to the company’s alliance with the Japanese crypto exchange Liquid. Merchants can choose to either automatically settle their cryptocurrency payments in fiat currencies or keep the coins stored in their accounts. Among stores that are currently using Cryptobuyer Pay are Burger King, Intercontinental Hotel, and Traki, the largest department store chain in Venezuela. What do you think about Pizza Hut accepting cryptocurrencies? Let us know in the comments section below. The post All Pizza Hut Locations Accept Cryptocurrencies in Venezuela appeared first on Bitcoin News. View the full article