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Payments platform Wirex is launching 26 stablecoins on the Stellar blockchain network.

The U.K.-based firm announced the news on Thursday, saying that the stablecoins will be backed by fiat currencies including the U.S. dollar, euro, the British pound, Hong Kong dollar and the Singapore dollar.

Wirex, which is licensed by the country’s finance watchdog, the Financial Conduct Authority (FCA), added that the cryptocurrencies can be spent using its own multi-currency Visa card. Wirex’s card allows users to convert and spend cryptocurrencies wherever Visa is accepted, till now supporting 8 cryptocurrencies and 10 fiat currencies.

The stablecoins can also be “instantly” converted to other stablecoins at over-the-counter (OTC) rates, the firm said, adding that the new crypto offerings could have use cases in remittances, token issuance and redemption, and merchant settlements.

The Stellar network was chosen over other blockchains because of its better security and scalability features, as well as lower costs for real-time transactions, Wirex said. The firm will also add Stellar’s native token, lumens (XLM) to its platform.

Tech giant IBM also notably uses Stellar for its payment network World Wire. The firm signed deals with six banks to issue stablecoins on the platform just last month.

The news comes following something of a flood of new fiat-backed cryptos over the last year, with eToro most recently launching eight branded stablecoins alongside a full crypto exchange just days ago.


Decentralized social media platform Mithril (MITH) has adopted the Binance Chain, the mainnet of the leading cryptocurrency exchange Binance. The development was announced by Mithril in a blog post published on April 18.

With the step, Mithril — a social media platform that rewards content creators with its native token MITH —  becomes the purported first to shift to the Binanche Chain, with MITH token migrating from ERC-20 to BEP2. At Mithril, users gain MITH through Mithril mining, while managing their assets on the company’s platform VAULT.

Binance users will be able to withdraw MITH to BEP2 wallets following the completion of the initial migration of ERC-20-based MITH to BEP2. The development will purportedly not have an impact on ERC-20 versions of MITH held in private ethereum (ETH) wallets.

Binance launched Binance Chain yesterday, April 18, and expects to execute the swap of its native token Binance Coin (BNB) on April 23. The exchange initially revealed its plans to launch its own blockchain in December 2018, intending to build a basis for issuing new cryptocurrencies and initial coin offering (ICO) tokens.

Along with the launch of Binance Chain, the exchange provided details for the conversion of ERC-20 BNB tokens into native Binance Chain-based BNB (BEP2) coins. As such, Binance emphasized it will not support the withdrawal of ERC-20 BNB tokens after April 23.


News / ​​Dutch global banking corporation ING
« about: a month ago »
​​Dutch global banking corporation ING released its new cryptographic blockchain development Bulletproofs


Digital payments giant PayPal has won a cybersecurity patent to protect users from crypto ransomware, according to a document from the United States Patent and Trademark Office (USPTO) published on April 16.

The system described in the patent, entitled “Techniques for ransomware detection and mitigation,” intends to improve the detection of ransomware and prevent it from locking up users’ access to their files.

PayPal’s patent describes ransomware as a malware that may encrypt original data and delete the non-encrypted original version, with the malicious party usually demanding users to pay them in anonymous cryptocurrency in order to decrypt the files.

As such, PayPal intends to prevent attackers from taking over users’ files by detecting a first copy of the original content of a file and preventing it from being deleted if the modified content has been encrypted. With that, the patent also seeks to detect that ransomware is operating on a computer, which is expected to mitigate or avoid negative effects of the ransomware.

Last year, PayPal filed another USPTO patent to increase the speed of crypto payments by using secondary private keys to reduce wait times for transactions between merchants and consumers.

Recently, global tech giant IBM filed another blockchain patent to manage data and interactions for self-driving vehicles.


XRP and Stellar [XLM] Price Analysis: Prices take a fall but bulls and bears arrive at an impasse

Read Here - https://ambcrypto.com/xrp-and-stellar-xlm-price-analysis-prices-take-a-fall-but-bulls-and-bears-arrive-at-an-impasse/

News / SBI Virtual Currencies delists Bitcoin Cash
« about: a month ago »
SBI Virtual Currencies delists Bitcoin Cash, Rakuten opens registrations for crypto-exchange, and more

Read Here - https://ambcrypto.com/sbi-virtual-currencies-delists-bitcoin-cash-rakuten-opens-registrations-for-crypto-exchange-and-more/

News / Telegram Open Network
« about: a month ago »
Global messaging app Telegram has reportedly launched a private beta testing of its blockchain, Telegram Open Network (TON), Russian media outlet Vedomosti reports on April 11.

According to Vedomosti, Telegram has opened access to a testing version of TON Blockchain to a limited number of global developers, including Russian dev teams.

Citing two anonymous persons who acquired the early access, the news agency reported that the dev teams were enabled to set up TON Blockchain nodes.

While testing has not provided any specific outcomes, the unnamed testers revealed that the TON Blockchain has demonstrated an “extremely high transaction speed.” However, the specific indicators could not be delivered, since the blockchain’s code — including smart contracts — were in the process of testing, one of the persons has said.

Privacy-focused encrypted messenger Telegram was founded by the brothers Nikolai and Pavel Durov in 2013, and as of March 2018, the service amassed 200 million active users. Recently, three million new users signed up for the app over a 24 hours period when Facebook, Instagram and WhatsApp were all experiencing significant outages worldwide, as Durov reported on its official Telegram channel on March 14.

Telegram raised around $1.7 billion in two private initial coin offering (ICO) rounds for both Telegram and its TON platform in 2018.

While Vedomosti reported that Telegram would release a test version of TON in the fall of 2018, there has been no official data on the expected date of TON Blockchain launch, with Durov having declined to confirm a concrete date for TON's release in March 2019.

Recently, Cointelegraph reported that purchase agreements for messenger service Telegram tokens will be terminated if TON does not launch by Oct. 31, 2019.


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« about: a month ago »
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Newbie / Re: Newbie Here
« about: 2 months ago »
Welcome to the taucoin community.

The Constituent National Assembly of Venezuela has approved a bill on cryptocurrency regulation, the country’s Ministry for Communication and Information reported Nov. 21.

The law was proposed by the country’s leader Nicolas Maduro and consists of 64 articles and five transitory provisions. It validates Petro, Venezuela’s controversial oil-backed cryptocurrency, as a unit of commercial exchange within the country, and states that goods and services can also be purchased with Petro.

According to Cuban state news agency Prensa Latina, the Assembly has also approved amendments to current anti-money laundering lawс. Under the new rules, Venezuela’s crypto exchanges are reportedly allowed to carry foreign exchange operations using Petro.

As per Andres Eloy Mendez, the head of the special commission on crypto frameworks cited in the Ministry’s official release, the new measures are being taken primarily to combat the “financial and commercial blockade” from the U.S. government. Mendez said that Petro can help effectively avoid sanctions and to establish new international business relationships, as it is not controlled by the state’s central bank and, therefore, cannot be a subject to any restrictions.
Venezuela officially launched the Petro for sale in late October. The state-issued cryptocurrency can only be purchased at the official website or in public offices, as the Petro digital wallet has been suspended by Google.
As Cointelegraph previously reported, Maduro along with Venezuela’s establishment, has been actively involved in Petro promotion since it was first announced in December, 2017. In August, Venezuela’s president offered to use the coin as a unit of account for salaries, goods and services.

In September, Maduro claimed that Petro will be used for international commercial transactions. Finally, Maduro was among the first officials who registered at Petro’s website and bought the digital currency.

Maduro's Claims on Petro
Most recently, the head of Venezuela’s state oil company Manuel Quevedo announced that the country will present Petro as a unit of account for crude oil trading to the Organization of the Petroleum Exporting Countries (OPEC) in 2019.

This summer, Wired magazine called the national cryptocurrency a "smoke curtain" to conceal Maduro's recent failure to reanimate the country’s fiat, the sovereign bolivar. Earlier this year, a Reuter's report claimed that Petro was not backed by oil nor mined anywhere in the country. More recently, the Economist, in its turn, noted that Petro is not listed on any of the world’s major crypto exchanges.

Source : https://cointelegraph.com/news/venezuela-parliament-approves-crypto-bill-to-combat-financial-blockade?utm_source=telegram0&utm_medium=social

The Chief Commercial Officer (COO) of global crypto payment processor BitPay has ventured that Bitcoin (BTC) will hit $15,000 to $20,000 by the end of 2019. The COO, Sonny Singh, made his forecast during an interview with Bloomberg Nov. 22.

In the midst of a bearish market picture – with Bitcoin down over 32 percent in value on the month – Singh said that he expects the next big price action to come when mainstream financial sector giants such as Fidelity and Intercontinental Exchange (ICE) start to launch their crypto-based investment products next year.

The financial giants’ entry into the space could catapult Bitcoin’s price to as high as $15,000-$20,000 by the end of 2019, Singh told reporters.

Aside from traditional financial incumbents’ launch of crypto-based products, Singh pointed to structural changes in the crypto market itself, with stalwart companies such as U.S. crypto exchange and wallet provider Coinbase and crypto bank Silvergate gearing up for possible initial public offerings (IPOs).

Singh forecast that next year would therefore herald an “exciting” moment: the launch of a crypto-based exchange-traded fund (ETF) by a “Blackrock-type” company or a Fidelity product will energize the space as traditional players jostle for market dominance against “the Bitpays and Coinbases” of the sector.

Singh nonetheless drew a firm distinction between Bitcoin and altcoins, arguing that:

“There’s a night and day difference between Bitcoin and everything else. Bitcoin is the under pound gorilla, it’s the one that has the mass network effect… [the one] the traditional financial incumbents are building products around. Other [crypto assets] […] I don’t know what’s going to happen to them.”

Remarking that “the ICO market is pretty dead right now,” Singh also suggested that signs of increased intervention from the U.S. Securities and Exchange Commission (SEC) does not bode well for the future of the token space.
In an interview this September, Singh outlined a broadly similar argument that the crypto markets are on the threshold of a certain “defining moment,” which will come with big institutional investor market entry, set to “become real” in 2019.

Source: https://cointelegraph.com/news/bitpay-coo-sonny-singh-bitcoin-could-hit-15-20k-by-end-of-2019?utm_source=Telegram&utm_medium=social

Cryptocurrency mining operations in China are reportedly selling mining machines by weight, as opposed to price per unit. This selloff was reported by local Chinese crypto outlet 8BTC Wednesday, Nov. 21, with reference to the cryptocurrency mining pool F2Pool.

Cryptocurrency markets experienced widespread decline throughout last week, with Bitcoin (BTC) declining to as low as $4,300 per coin.

The decline has resulted in a similar drop in mining profitability and forced Chinese operators to sell their mining devices at a loss, according to 8BTC. The news outlet has reported that the miners are being sold “by kilo,” citing a post made by the founder of F2Pool on the Weibo microblogging platform.

Crypto miners are reportedly especially eager to sell the older models, including Antminer S7, Antminer T9, and Avalon A741, as these have reached their “shutdown price.” According to local Chinese outlet Tencent News, the earnings from mining are no longer enough to cover electric power and other associated costs.

The market slump has reportedly affected mostly small and medium-sized mining operations in the Chinese regions of Xinjiang and Inner Mongolia. There, 8BTC reports, some mining machines are being sold on the second-hand market for merely 5 percent of their original value. A mining machine bought at a price of up to 20,000 yuan ($2,885) a year ago is reportedly currently sold for just 1,000 yuan ($144).
Bitcoin’s price has kept falling, along with the rest of the crypto market, since the hard fork network upgrade of Bitcoin Cash (BCH) that took place Nov. 15. The update has led cryptocurrency exchanges around the world to suspend BCH trading and withdrawals.

Earlier this month, Bitcoin mining giant Bitmain announced plans to reach out to local mining farms in the coal-rich province of Xinjiang, and deploy around 90,000 Antminer S9 devices in the region. Bitmain’s move is reported to be a strategic one in the computing “power war” associated with the BCH hard fork.

At press time, the crypto markets have calmed down, with most of the top ten cryptocurrencies seeing only mild losses. BTC has today hovered between $4,450 and $4,630.
In September, the CEO of F2Pool published an infographic that indicated that if Bitcoin price would reach lower than 36,792 Chinese yuan (about $5,376), mining the cryptocurrency with an Antminer T9 would become unprofitable. In the case of an S7 model miner, the break-even point amounted to a significantly higher Bitcoin price point of about 79,258 yuan (about $11,581).

Source: https://cointelegraph.com/news/china-crypto-miners-sell-off-mining-devices-by-kilo-amidst-market-decline?utm_source=Telegram&utm_medium=social

The South Korean branch of the Tezos Foundation has signed a Memorandum of Understanding (MoU) with Yonsei University to collaboratively work on the development of blockchain talents, says a Tezos official press release published Nov. 21.
The new agreement between the Tezos Korea Foundation and Digital Society Research Center at Yonsei University in Seoul aims to provide “blockchain education cooperation, training of OCaml [Objective Calm] and smart contract experts.” The MoU is primarily focused on human resources and education in the blockchain technology industry. The press release states:

“Through this agreement, both sides will strengthen the expertise of the blockchain and education expertise, and discuss various cooperation opportunities to lead the blockchain field.”

Back this summer, the Tezos Foundation had already announced a public call for research grants in July. Later, Tezos provided financial grants to four research institutions for blockchain tech and smart contracts development, as Cointelegraph reported Aug. 10.
Also this summer, the Tezos Foundation announced that PricewaterhouseCoopers Switzerland (PwC) — one of the four largest professional services networks in the world, commonly known as the “Big Four” — would conduct an external audit of its finances and operations, Cointelegraph wrote Jul. 24.
Previously this week, Japanese banking giant Sumitomo Mitsui (SMBC), the Ethereum Foundation, and the University of Tokyo jointly announced an education course, dubbed “Blockсhain Innovation Donation Course,” in the university’s graduate school of engineering.

Source : https://cointelegraph.com/news/tezos-korea-foundation-partners-with-yonsei-university-for-blockchain-development?utm_source=telegram&utm_medium=social

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