Bitcoin exchange rate exceeded $12 800 and updated the maximum in 15 months

Cryptocurrency NewsBy 22/10/2020

Bitcoin has surpassed $ 12,800, hitting a high since July 2019 amid growing support from institutional investors and large companies. Today’s leap in the rate was mainly due to the announcement of the PayPal payment system to add support for bitcoin and other cryptocurrencies. Quantum Economics analyst Jason Deane believes that reaching this mark is important for Bitcoin, after which it can renew highs and continue to grow. https://bits.media/upload/medialibrary/682/211020_Bitcoin_price.png Institutional investors are helping the development…

PayPal Adds Cryptocurrency Support For US Users

Cryptocurrency NewsBy 22/10/2020

US PayPal users will be able to buy, sell and store cryptocurrencies. It is planned to add these features for international customers in 2021. US citizens will be able to conduct cryptocurrency transactions via PayPal in the next few weeks, and the company’s Venmo mobile payment service will add this capability in the first half of 2021. On this news, bitcoin rushed up and is preparing to overcome $ 12,500, updating the maximum since last…

US Federal Reserve Chairman: “The digital dollar is not a top priority”

Cryptocurrency NewsBy 21/10/2020

US Federal Reserve Chairman Jerome Powell said the regulator will not issue a digital dollar until all associated risks have been eliminated. Powell announced this during a speech at the International Monetary Fund conference on cross-border payments. According to him, the United States is not seeking to be the first to issue its own digital currency. Issuing a government stablecoin is a serious task requiring extensive research. It is necessary to take into account not…

The user lost 28,050 AAVE after sending them to the smart contract address

Cryptocurrency NewsBy 21/10/2020

The user mistakenly sent AAVE tokens worth $ 1.1 million to the token’s smart contract address. Now these tokens are locked on the blockchain and cannot be returned. Cryptocurrency enthusiasts discovered an erroneous transaction for 28,050 AAVE decentralized finance (DeFi) tokens worth approximately $ 1.1 million, which led to their irrecoverable loss due to an error in the recipient’s address. According to Etherscan, the transaction took place back on October 3, but went unnoticed until…

Monero devs update Oxygen Orion

Cryptocurrency NewsBy 20/10/2020

The developers of the privacy-focused cryptocurrency Monero have rolled out another update to the Oxygen Orion network. According to a Monero blog post, the latest node software update is the work of about 30 developers. The Oxygen Orion update will bring new features to improve network efficiency. For example, the update includes the CLSAG feature, which reduces the size of network transactions by about 25% and the time to confirm transactions by about 10%. At…

Associated Press will use blockchain to combat false news

Cryptocurrency NewsBy 20/10/2020

The Associated Press (AP) news agency has partnered with Everipedia and Chainlink, a decentralized oracle network, to track down fake news. The collaboration will allow AP to authenticate race-related news using blockchain, according to a statement from Everipedia. The Associated Press works with a large number of freelance journalists to get information on local campaign developments. The news agency will use the power of the blockchain to cryptographically sign the data it receives from these…

Power Finance will launch a digital version of the New Zealand Power Dollar

Cryptocurrency NewsBy 19/10/2020

Financial company Power Finance plans to launch a digital version of the Power Dollar, which will be powered by distributed ledger technology (DLT). Power Finance is led by Dave Corbett, partner at audit and consulting firm PwC. He said the Power Dollar will be developed without the participation of the New Zealand government and will be similar to the USDT stablecoin. The Power Dollar will be pegged to the NZ dollar at a 1: 1…

Gate.io Cryptocurrency Exchange Launches Its Own Hardware Wallet

Cryptocurrency NewsBy 19/10/2020

Cryptocurrency exchange Gate.io has released the Wallet S1 hardware wallet. This is the first such device developed by a marketplace. Wallet S1 is equipped with a fingerprint sensor – the user does not need to come up with and enter complex passwords, just put his finger to verify the transaction. Also, thanks to the fingerprint scanner, the hardware wallet is protected from a brute-force attack. The device supports over 10,000 different digital assets including BTC,…

Schnorr and Taproot signatures added to Bitcoin Core code

Cryptocurrency NewsBy 16/10/2020

Updates to improve the privacy and scalability of the Bitcoin network – Taproot and Schnorr signatures – are embedded in the Bitcoin Core code. The mechanism for activating updates has not yet been determined. The privacy and scaling updates of Taproot and Schnorr signatures have been rolled out to Bitcoin Core today, according to version history on GitHub. Once the updates are activated, more complex types of transactions will become easier to use and the…

Algorand will provide grants to startups and app developers

Cryptocurrency NewsBy 16/10/2020

The Algorand Foundation has launched the Algorand Europe Accelerator program, under which it will provide grants to startups and application developers on the Algorand blockchain. As the name suggests, the program is intended for European companies. The foundation is already accepting applications for a grant, and in general the program will last 12 weeks. Grant funding was provided by Eterna Capital and Borderless Capital. Companies entering the program will receive $ 15,000 each, and the…

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