🔴The Necessity of Cryptocurrency in Post-Corona Era

🔺Coronavirus pandemic has revealed the shortcomings and inadequacy of legacy systems and traditional economy. The three pillars that we’ve had faith in all our lives — institutions, government entities and the media — have all failed us. The 2008 crisis destroyed the public’s trust in the banks and eventually led to the birth and proliferation of cryptocurrency. During this pandemic, we’ve realized that The need to replace legacy social systems based on blind trust with decentralized alternatives that are based on fundamental mathematics to empower the individual is now extremely clear.

#postcorona
#cryptocurrency
#cryptocurrencynews
#government

🔴Centralized Crypto Futures Exchange Integrates Chainlink's Decentralized Price Oracles

🔺Chainlink’s decentralized price oracles will be used as an "anchor" by the forthcoming derivatives exchange Digitex Futures to protect traders against slippage. Digitex claims to comprise the first centralized crypto futures exchange to decentralized oracles. Digitex asserts that the price reference contracts provide traders “with strong protection against price manipulation.

#exchange
#Chainlink
#Digitex
#priceoracles
#crypto

🔴Satoshi’s Sword of Damocles

🔺Last week, some of the earliest mined bitcoin moved after more than a decade of dormancy. Whale Alert, a popular Twitter account that tracks major crypto transactions broadcast the message across the crypto verse, saying 40 coins mined in the first month of the network’s operation had transferred from a possible Satoshi owned wallet. Nakamoto’s seemingly altruistic, or at the very least mysterious, “donation” to the bitcoin community hangs over the market like the sword of Damocles.

#digitalwallets
#bitcoin
#satoshinakamoto
#crypto
#cryptocurrencynews

🔴Theta Confirms Google Partnership Amid Mainnet 2.0 Rollout
🔺Esports and crypto conference streaming app Theta has confirmed partnership with Google, announcing Google Cloud as an Enterprise Validator and launch partner for Theta mainnet 2.0. Distributed ledger technology (DLT) enables new business models that potentially transform the global digital economy, including the media and entertainment industry. Google Cloud will also power the cloud infrastructure underpinning the Theta.tv video platform.
#crypto
#theta
#entertainment
#dlt

🔴Blockchain Technology Firm LayerX Raised Nearly $28 Million to Further Blockchain Adoption
🔻Japanese Blockchain technology firm, LayerX, has raised about 3 billion yen (equivalent to nearly $28 million) to further blockchain adoption. LayerX raised the funds from venture capital firms JAFCO, ANRI, and Yahoo Group. According to a report by Big Four auditing firm PwC, 29% of crypto funding in 2019 was in the Asia Pacific region.
#blockchain
#news
#japan
#cryptofunding
#technology

🔴Prime Broker’ Buzzword Represents a Complex Strategy Game for Crypto Firms
🔺Three major crypto firms – Coinbase, Genesis Trading and BitGo – have almost simultaneously announced plans to become prime brokers, a kind of fixer when it comes to financing and facilitating trades for institutional investors.
“Some people are getting into prime brokerage, not based on a vision, but really because they are looking for the next big thing – and they don’t know what it is. So they are going after the buzzword,” said Boonen CEO of cryptocurrency liquidity provider B2C2.
#cryptocurrency
#cryptonews
#cryptofirm
#capitalmarket

🔴Swiss Regulators Green Light Crypto Transactions for Local Bank
🔺InCore bank becomes the first Swiss business-to-business bank approved by the financial watchdog to operate with digital assets. The official announcement represents an important step in creating a blockchain-friendly environment across the EU banking sector. Company executives said the bank plans to expand its blockchain strategy in the coming months.
#blockchain
#crypto
#EU
#cryptotransaction
#blockchainnews

🔴CoinMarketCap Introduces Algorithmically Ranked Crypto Trading Pairs to Eradicate Volume Inflation
🔺CoinMarketCap, a leading crypto data tracker, has introduced a new ranking system based on an innovative algorithm powered by machine learning. The crypto data site intends to address the volume inflation problem. Cryptocurrency exchanges have been accused of increasing trading volumes to show more legitimacy.
#coinmarketcap
#news
#blockchain
#algorithm
#cryptodata

🔴Indian IT Giant Tech Mahindra Offers Blockchain Certification Courses
🔺Indian IT giant Mahindra has partnered with edtech startup Idealabs to offer blockchain certification courses. The given courses aim to meet the rising job demands in the blockchain industry. It seems that COVID-19 pandemic has increased the demand for blockchain technology in various fields. Students enrolling for the course will learn about blockchain foundations, Ethereum, smart contracts, decentralized apps and Hyperledger Fabric, among other topics.
#university
#education
#informationtechnology
#blockchain
#news
#India

🔴Tencent Aims to Establish 100-Member Blockchain Alliance in 2020
🔺Tencent Cloud, the cloud computing arm of the Chinese internet giant Tencent, is preparing to bring together 100 organizations this year to establish the In­dus­try Blockchain League. The organizations will work together to bring blockchain standards and development for industrial implementation. Tencent recently announced that it would invest $70 billion over the next five years in fintech, blockchain, AI, and cloud computing.
#china
#government
#blockchainnews
#cloudcomputing
#blockchain

🔴Warren Buffett Made a Classic Rookie Investing Blunder
🔺Warren Buffett – praised as the greatest value investor of our time – appears to have made a classic rookie investing blunder.
Recently Warren Buffet sold all of $8 billion worth Berkshire's holdings in four U.S. airline stocks at “far lower prices”. Industry analysts initially estimated that airline passenger sales could drop as much as $314 billion this year due to global lockdown following the coronavirus pandemic. Despite Buffet expectations, airline stocks are rallying aggressively as the economy reopens and demand bounces back.

#warrenbuffet
#berkshire
#investment
#airline

🔴Decentralization & Preserving Personal Privacy During Coronavirus Pandemic

🔺In an effort to keep citizens safe, state authorities have rapidly implemented various emergency plans to curb the spread of COVID-19. These plans have jeopardized the data of citizens in the name of public health. Unlike centralized infrastructure, decentralized infrastructure does not gather user data on one centralized server. Instead, data is kept on users’ devices or private clouds and is encrypted so that only the user’s private key can unlock it. Users own their data and there is no concentration of personal data on servers in remote data centers.

#blockchain
#healthcare
#technology
#symptomtracker

🔴How Blockchain Is Changing the Advertising Industry
🔺Modern advertising is facing new problems. blockchain solutions are trying to address all of this and make advertising more profitable. One of the biggest issues that advertisers and publishers struggle with today is profitability. Another big issue within the industry is fraud. In that regard, different blockchain companies are taking measures to address the aforementioned issues in the advertising industry. For example, IBM is using its Blockchain product as a solution to reduce costs and increase transparency.
#advertising
#advertisements
#ibm
#blockchain

🔴Chinese Stakeholders’ Reluctance to Share Their Personal Data with Government Run Blockchains
🔺Chinese stakeholders’ reluctance to share their privately owned data with centralized government institutions has brought about great challenges for implementation of blockchain technology in China. There are more than 30 related local governments procuring blockchain technology in China. Some of these projects have been forced to shut down in under two years due to lack of supporting data.
#china
#blockchain
#government
#technology

How Do Counos Transactions Work?
Counos Platform is a Swiss-based company offering an extensive variety of services in the field of Blockchain technology, cryptocurrencies, online financial services, payment gateways, and so much more.
1- Counos Mobile Wallet
Counos Mobile Wallet is a crypto wallet that enables users to make transactions with different cryptocurrencies and stablecoins.
2- Counos Escrow
Counos Escrow is a financial cryptocurrency system wherein a trusted third party holds onto the payment of a transaction between two parties.
3- Counos Decentralized Exchange (Counos DEX)
Counos Decentralized Exchange is a peer to peer and community-based decentralized exchange that allows its users to exchange cryptocurrencies in a safe and secure environment. Users can exchange their digital assets (cryptocurrencies) to other cryptocurrencies or even to fiat money.
4- Crypto to Crypto
To exchange crypto with crypto, the parties to the contract have 10 hours to transfer the cryptocurrency to the MultiSig wallet, and after the agent approves then trade will take place quickly and easily.
#counos
#counosplatform
#counosdex
#decentralized exchange


https://www.counos.io/how-do-counos-transactions-work

🔴Microsoft ID System Launches Beta on Bitcoin Network
🔺Microsoft’s decentralized identity network ION, first announced in May is moving to beta testing on the Bitcoin network. ION was developed as a decentralized network to operate independently. The aim is to provide users with a decentralized identifier (DID) that could replace the need for usernames. The core promise of DID technology is to empower all individuals and entities with ownership and control over their identities. Microsoft has not yet set a release date for the final version.
#microsoft
#blockchain
#bitcoin
#technology

Counos X (CCXX) & Counos Coin (CCA) among Top 100 Cryptocurrencies
According to the latest ranking by CoinMarketCap on June 7, 2020, Counos X ranked 92, and Counos Coin ranked 100, therefore two cryptocurrencies of Counos Platform are officially among the top 100 cryptocurrencies.
With a market cap of about $360 million, and currently with a price of $20.30, Counos X (CCXX) has made an astonishing leap to stand at the 92nd place among all the cryptocurrencies listed on CoinMarketCap.
Standing at 100th place, Counos Coin (CCA) is a cryptocurrency with a market cap of about $73 million. Counos Coin has a mining capacity of 21 million coins
This is only the beginning for Counos Platform, since this Swiss company was only established in 2018, and now, two years later, it has not just one but two cryptocurrencies among the top 100 coins. It wouldn’t take long until we see Counos X, Counos Coin or other Counos cryptocurrencies among the top 10 cryptocurrencies in the world.
#counos
#counosplatform
#counoscoin
#cou

🔴The List of 100 Counos Coin Winners is Published
🔺With due consideration of Counos platform as an all-inclusive decentralized network, it had scheduled to grant its users with 100 precious Counos Coins (CCA) at no cost. The aforementioned coins were distributed among those users who have completed the required challenge in a proper period of time. Users were supposed to retweet the predetermined text in twitter.
Those whose names are listed as winners of Counos Coins are required to present their due wallet addresses in Counos official account in twitter. After the affirmation process, the promised amount of coin will be delivered to their account. Winners are opted among many others through an unsystematic random procedure.
#counos
#counoscoin
#counosplatform
#cryptocurrency

🔴Founder of Floyd Mayweather-Promoted ICO to Plead Guilty to Fraud
🔺Robert Farkas is negotiating a plea bargain for his role in the fraudulent Centra Tech initial coin offering (ICO). The trials of Farkas and fellow Centra founder Sohrab Sharma were delayed until September as the coronavirus lockdown took effect during March. Farkas and Sharma face charges for defrauding investors out of more than $25 million between July and October 2017 through the Centra Tech ICO.
#blockchain
#cryptocurrency
#centratech
#ico
#dlt

🔴Blockchain Is Evolving Like the Internet
🔺The internet started its life over 30 years ago, and since then, it has been well-established all across the world. To understand the evolution of blockchain we need to take into consideration how the internet went from a rudimentary idea to one of the most powerful forces on the planet.
In crypto, we first need the crypto. With the internet, we needed the connection. In order to access or acquire this crypto, we need the exchanges to sell it to us, which is similar to the ISPs in the internet example. What is the blockchain equivalent of email addresses? Put simply, wallets. Without any place from which we can send and receive crypto, and have others receive it, we cannot use crypto.
#internet
#email
#technology
#blockchain
#dlt