Blockchain Progress

2021-06-26 20:00:37 ​​Bitcoin and Ethereum Can Coexist With DeFi Bridging the Two

While some of the most active members of Bitcoin (BTC) and Ethereum (ETH) communities never stop fighting over technology and money, among other things (including memes), these both blockchain-powered networks still can coexist, according to the Bitcoin 2021 conference participants speaking to Cryptonews. And decentralized finance (DeFi) might play a role here.

The conference, held earlier this month in Miami, USA, proved to be a major event, with thousands of people attending, as well as a number of well-known speakers from both within and outside the Cryptosphere.

Among the questions discussed between a few of the industry insiders and Cryptonews was that of the Bitcoin-Ethereum turbulent dynamics.

But the two are not necessarily as intertwined as some may think – rather, they exist parallel to each other.

"Comparing ETH and BTC directly is like comparing apples to oranges," according to Zeeshan Feroz, Chief Growth Officer at crypto payments company MoonPay.

In the opinion of Matthew Gundrum, the marketing director for cryptocurrency payroll service Bitwage, “people don't realize that ETH and BTC are trying to do two separate things and, therefore, can coexist.”


Both of these networks have seen a “dramatic adoption” in 2021 so far, which “will show no slowing in the next decade,” despite occasional hiccups along the way, he said.

Meanwhile, William Zielke, Chief Marketing Officer at crypto payments provider BitPay, said that while BTC remains the most popular crypto used by their consumers for purchases, representing almost 72%, ETH has grown to almost 10%.

“Both have strong perceptions as fast, secure, and modern digital assets. And, both work very well as a payment option,” said Zielke, who also noted that “unfortunately, both have high fees during peak periods.”

Also, bitcoin has certainly been receiving more institutional interest as of late, while interest in ETH is also growing.

MicroStrategy, for example, adopted BTC as their primary treasury reserve because “Bitcoin’s technical characteristics make it an ideal, diversified corporate treasury holding,” according to David Shafrir, co-founder and President of GDA Capital, the capital markets arm of the GDA Group of Companies.

"In the medium term, I think BTC will continue to grow as a treasury asset and solidify its position as the most widely used cryptocurrency. ETH on the other hand, I think, will grow into its boots in the medium term. Use-cases for ETH will continue to expand, driven by the NFT market for one," Feroz added.

And DeFi is changing the game also.

“More recently, institutional investors are increasingly gravitating towards Ethereum, primarily to participate in DeFi applications, such as “yield farming,” and a few whale institutional wallets are now dominating the capital pools of many of these platforms,” Shafrir said.

DeFi leverages smart contracts automatically executing code residing on blockchains, mostly Ethereum. So, while individual wallet metrics continue to improve, new money continues to enter the DeFi market from funds, trading firms, and centralized yield platforms “that are providing the bulk of the liquidity.”

New applications are constantly being built on Ethereum, resulting in traditional financial markets becoming “far more sophisticated in their understanding of the potential of cryptocurrencies as an asset class,” Shafrir said, adding that one only needs to look at the number of bridges being built to Ethereum from other blockchain platforms, such as Corda.

And speaking of bridges, DeFi might become one of those. But some wonder how large of a role BTC will end up playing in DeFi.

Per William Zielke, the rapidly evolving DeFi space “effectively brings bitcoin to the Ethereum network,” thus providing blockchain traders with a bridge to Ethereum while maintaining exposure to BTC.

“As such, the combo poses a strong threat to traditional banking and financial services. We believe decentralized financial services are the future,” Zielke said. Open / Comment

2021-06-25 17:00:44 OCTANE FINANCE

No more long delays on limit orders execution

Octane is building decentralised rewarding limit orders platform on BSC and will be multi chain eventually

Launching the testnet in 2 weeks

Investment info
Octane closed $1.7M funding in both seed and private rounds from notional investors like DuckDao, T3E, 4SV and MantraDao

Airdrop
Early users of Octane may be eligible for huge rewards as they are community driven platform

IDO partners
DuckDao, MantraDao and Trustpad

More info

Telegram: https://t.me/octanefinance
Twitter: https://twitter.com/octane_finance
Website: https://octane.finance/
Docs: https://docs.octane.finance/ Open / Comment

2021-06-24 19:30:00 Dynasty Global Investments

Dynasty - where Real Estate meets Crypto!

Dynasty Global Investments AG is a worldwide platform, an ecosystem centered in and around blockchain, at the heart of Switzerland. Founded in 2016 by two successful entrepreneurs in the Crypto Valley in Zug, Switzerland, Dynasty Global Investments AG is revolutionizing finance by combining two powers: Real Estate and Crypto.

Our Purpose
To create a transactional payment token of global significance and acceptance with reference on real estate assets - the D¥NS.

Our Most Important Features
First-class Swiss AG Company
Our Smart Contract is build on the Ethereum blockchain, using token standard (ERC20)
Regulatory Framework, KYC, AML, Governance and Compliance as standard procedure
Reduction of bureaucracy of securities exchanges, famous for slow processes and high rates
There is a global Real Estate market reference for DYNS
The Real Estate properties are used as a source of revenue to rebuy DYNS tokens on the market and burn them, reducing the circulation supply. The token purchaser has no claim rights to the real estate portfolio.

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https://t.me/dynastygi Open / Comment

2021-06-23 20:01:00 ​​Central Banks Step Up Bitcoin, Stablecoin Bashing Efforts Amid CBDC Plans

The Bank for International Settlements keeps bashing cryptocurrencies, such as bitcoin (BTC), and stablecoins, while preparing the ground for central bank digital currencies (CBDC), saying that they "open a new chapter for the monetary system."

Central bank interest in CBDCs comes at a critical time when three major recent developments placed certain "potential innovations" involving digital currencies “high on the agenda,” the BIS, owned by central banks, said in its annual economic report. These developments are:

the growing attention received by BTC and other cryptoassets;
the stablecoin debate;
and the entry of big techs into payment services and financial services more generally.
When it comes to stablecoins, the BIS claims that, to the extent that their backing involves conventional money, they are “ultimately only an appendage to the conventional monetary system and not a game changer.”

Also, the BIS says that for them, “it is clear” that cryptoassets are speculative assets rather than money, used in many cases for financial crimes. “Bitcoin in particular has few redeeming public interest attributes when also considering its wasteful energy footprint,” they reiterated previous claims by BTC skeptics that have been rebutted by bitcoiners on multiple occasions.


In either case, the BIS claims that CBDCs are moving away from simply being a concept.

Hyun Song Shin, the BIS’s Economic Adviser and Head of Research, is quoted as saying that “CBDCs are a concept whose time has come,” and that they “open a new chapter for the monetary system by providing a technologically advanced representation of central bank money.” The press release added that CBDCs are “moving from concept to practical design and renew the institution of money in a new form designed for the digital age.”

Also, the 'CBDCs: an opportunity for the monetary system' goes to make several conclusions in regards to the CBDCs design and practical use, in the context of central banks’ four key roles in the monetary system:

providing the unit of account;
providing the means for ensuring the finality of wholesale payments by using their own balance sheets as the ultimate means of settlement;
ensuring that the payment system works smoothly;
and overseeing the payment system’s integrity, while upholding a competitive level playing field - as BIS writes.
Per the BIS, CBDCs are best designed as part of a two-tier system where the central bank focuses on operating the core of the system by ensuring sound money, liquidity, and security, while the private sector focuses on innovation and using their “creativity” to serve customers better.

“By preserving the two-tier system, the central bank keeps its financial system footprint small, just as cash does today and its money can then retain its core attribute of neutrality,” they said.

The BIS also advocates for the “most promising” design, from a practical perspective, which is “an account-based CBDC, rooted in an efficient digital identity scheme for users.” It would be tied to a digital identity that would require users to identify themselves to access funds. Per the report, this would work to protect users against the abuse of a huge volume of personal data collected as an input into business activity, while also protecting the payment system against illicit activities.

The authors of the report also stressed that "international cooperation on design will be vital if central banks are to harness the full benefits of CBDCs, and to improve cross-border payments while countering foreign currency substitution."

Also, they mentioned a possible concern that “a foreign jurisdiction’s CBDC could magnify the risk of currency substitution.” But an account-based CBDC would have built-in safeguards against an “encroachment” of that kind, they claim. Open / Comment

2021-06-23 12:01:01 MobilityGuru is the first platform and marketplace in the world for buying, selling, and advertising products and services used by disabled, elderly, and people under rehab. The platform will be available for users across the globe. We aim to connect all marketplaces to form a single one thereby making the art of buying and selling products for the disabled very transparent and easy. The MobilityGuru online platform will be the first of its kind to incorporate cryptocurrency and facilitate transactions in the form of Bitcoin, Ethereum, and even MobilityGuru Token.

MobilityGuru will create API for classified partners and this means they will be able to list their offering on the MobilityGuru platform with just a single click.

Low Transaction Fee
There will be no charges attached to the placing of ads on the MobilityGuru platform but in some cases there will be transaction fees for buyers and the funds generated from these transaction fees will be used to facilitate the development and maintenance of the platform thereby rewarding users and partners

Reward For Platform Users
There will be rewards and giveaways to faithful users of the MobilityGuru platform thereby providing enough funds to facilitate the development of the MobilityGuru platform.


KEY FEATURES
• Flexible Payment System
• Rating System
• Protection of Data
• Interactive Platform
• MobilityGuru User Support
• Safe Platform
• Community-Friendly Service
• Token Governance

Website: https://mobilityguru.io
Ads platform: http://mobilityguru.org/
LinkedIn: https://www.linkedin.com/in/mobilityguru-token-92422320b
Telegram: https://t.me/MobilityGuru
Twitter: https://twitter.com/MobilityguruT
Facebook: https://www.facebook.com/Mobilityguru.org/ Open / Comment

2021-06-21 21:37:21 ​​Business Box.
Consider diversifying your funds!

The world's first platform for selling and buying real businesses with bitcoins was launched in Europe

-You can buy car service in Europe , hotel share, furniture manufacturing, woodworking business, plantation with medical cannabis laboratory licensed in Colombia and other types of business.

-The sale of a business comes directly from the owners and is completely legal.

-You can send an application for the sale of part or all of your business if you have legal activity and turnover.

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https://businessbox.medium.com/business-box-a5d4b817d746 Open / Comment

2021-06-20 21:11:42 SafeBezos
Join us on our journey to space

SafeBezos is a community and marketing based auto-generating and deflationary, liquidity protocol meme project on the binance smart chain. 

Tokenomics 
10% Total transaction tax 
2% Distributed to all holders
2% Distributed to locked liquidity 
6% Automatic buy-back tax

Strict anti-bot and rug measures will be falling into place
Strong pre and post launch marketing
Transparent team and project

BUY-BACK TAX THAT WORKS
our buy back-tax has been tried and tested, this feature will greatly benefit the performance of SafeBezos!
The wallet will buy after sell offs and thus keeping momentum strong, prices more stable and increase the boost to moons 

Socials 
Telegram: https://t.me/safebezos
Website: https://safebezos.co/
Twitter: https://twitter.com/SafeBezos Open / Comment

2021-06-20 20:00:33 ​​Inside A Ransomware Attack: How Dark Webs of Cybercriminals Collaborate

In their Carbis Bay communique, the G7 announced their intention to work together to tackle ransomware groups. Days later, US president Joe Biden met with Russian president Vladimir Putin, where an extradition process to bring Russian cybercriminals to justice in the US was discussed. Putin reportedly agreed in principle, but insisted that extradition be reciprocal. Time will tell if an extradition treaty can be reached. But if it is, who exactly should extradited – and what for?

The problem for law enforcement is that ransomware – a form of malware used to steal organizations’ data and hold it to ransom – is a very slippery fish. Not only is it a blended crime, including different offenses across different bodies of law, but it’s also a crime that straddles the remit of different policing agencies and, in many cases, countries. And there is no one key offender. Ransomware attacks involve a distributed network of different cybercriminals, often unknown to each other to reduce the risk of arrest.

So it’s important to look at these attacks in detail to understand how the US and the G7 might go about tackling the increasing number of ransomware attacks we’ve seen during the pandemic, with at least 128 publicly disclosed incidents taking place globally in May 2021.


What we find when we connect the dots is a professional industry far removed from the organized crime playbook, which seemingly takes its inspiration straight from the pages of a business studies manual.

The ransomware industry is responsible for a huge amount of disruption in today’s world. Not only do these attacks have a crippling economic effect, costing billions of dollars in damage, but the stolen data acquired by attackers can continue to cascade down through the crime chain and fuel other cybercrimes.

Ransomware attacks are also changing. The criminal industry’s business model has shifted towards providing ransomware as a service. This means operators provide the malicious software, manage the extortion and payment systems and manage the reputation of the “brand”. But to reduce their exposure to the risk of arrest, they recruit affiliates on generous commissions to use their software to launch attacks.

This has resulted in an extensive distribution of criminal labor, where the people who own the malware are not necessarily the same as those who plan or execute ransomware attacks. To complicate things further, both are assisted in committing their crimes by services offered by the wider cybercrime ecosystem.

There are several stages to a ransomware attack, which I have teased out after analysing over 4,000 attacks from between 2012 and 2021.

First, there’s the reconnaissance, where criminals identify potential victims and access points to their networks. This is followed by a hacker gaining “initial access”, using log-in credentials bought on the dark web or obtained through deception.

Once initial access is gained, attackers seek to escalate their access privileges, allowing them to search for key organizational data that will cause the victim the most pain when stolen and held to ransom. This is why hospital medical records and police records are often the target of ransomware attacks. This key data is then extracted and saved by criminals – all before any ransomware is installed and activated.

Next comes the victim organization’s first sign that they’ve been attacked: the ransomware is deployed, locking organizations from their key data. The victim is quickly named and shamed via the ransomware gang’s leak website, located on the dark web. That “press release” may also feature threats to share stolen sensitive data, with the aim of frightening the victim into paying the ransom demand. Open / Comment

2021-06-19 11:15:01 Currency.com has listed 19 new tokens

Regulated Crypto Exchange Currency.com added 19 new tokens to the listing, including 2 USD and DAI stablecoins, as well as 17 popular DeFi tokens and ICO projects: OMG, BAT, ZRX, MATIC, SUSHI, KNC, WBTC, Augur, AAVE, SNX, YFI, UMA, REN, OCEAN, BAND, BNT, ANT.

The tokens are available in the “Trading " mode with USD.cx and USDT.

In total, more than 2000 tokenized assets are presented on the crypto exchange for buying, selling and trading with leverage up to 100x, including:

Topical cryptocurrencies and tokens.
Tokenized shares
Tokenized ETF.
Tokenized bonds.
Tokenized currencies.
Tokenized commodities.
Tokenized stock indices.

Register and trade in popular tokens on Currency.com! Open / Comment

2021-06-18 16:47:21 JINDO INU

JOIN FAST AND RIDE ON THE WAVE

Telegram: https://t.me/JINDOINU2 Open / Comment