Monthly Archives

February 2020

Coinbase Wallet Now Allows to Send Crypto Through Usernames

By | blog

Coinbase updated its wallet with a function that lets its users send cryptocurrency through usernames, instead of the usual lengthy addresses. According to a Feb. 25 announcement, Coinbase Wallet now allows its users to send cryptocurrency to dedicated usernames or ones created on the Ethereum Name Service (ENS). Coinbase’s proprietary usernames look like @username while ENS names resemble URLs like coinbase.eth. Source: Coinbase blog No more sending to a wrong address In its announcement, Coinabse claims that its users often complain about “how cumbersome it is to deal with long and nonsensical crypto addresses.” Many users are often afraid of having

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Bitcoin’s Potential to Benefit the African-American Community

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The issue of race when it comes to cryptocurrency is a sensitive one, and not without reason. The African-American community is largely born at an economic disadvantage, with a legacy financial system fueled by unethical practices like redlining, among many others. However, cryptocurrencies may give them the opportunity to eventually level the playing field. Jack Dorsey, CEO of Twitter, is no stranger to controversy himself. His platform currently hosts 330 million people around the world, and his individual followers currently number just over 4.3 million. On Sunday, he used that influence to promote a new book discussing Bitcoin’s potential benefits to the

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OpenSea: From Formula 1 Cars to Crypto Forgeries

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Cointelegraph was on the ground at Non-Fungible Token New York City Event to observe the latest and greatest in NFT. Of the many projects and companies in attendance, we caught up with OpenSea co-founder Alex Atallah to learn what his company is all about. OpenSea is a “marketplace for digital goods, including collectibles, gaming items, digital art, and other digital assets that are backed by a blockchain like Ethereum,” Atallah explained. The whole space has roots in CryptoKitties, but it has grown exponentially since. Now, some of the biggest VCs are eager to invest in it. Formula 1 car for 416 eths OpenSea’s

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Bitcoin’s Lightning Network Found More Centralized Than Expected by Researchers

By | blog

The Lightning Network’s (LN) configuration is becoming increasingly centralized, with multiple hubs being formed. This is the finding of a yet-to-be-reviewed research paper, released on pre-print site arXiv on Feb. 7. A team of academics from Switzerland, France, Italy and Canada authored the paper. Jian Hong-Lin and Kevin Primicerio conducted the analysis, while others, including Blockstream Inc. researcher Christian Decker, designed the research. Core-periphery model The team gathered Lightning Network information for a period of 18 months from Jan. 18, 2018 to July 13, 2019. Researchers then analyzed the payment network in terms of its node and wealth distribution. They discovered

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NBA & NFL Believe in Non-Fungible Tokens, But Not Contract Tokenization

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Cointelegraph was on the ground for NFT NYC, event taking place a couple of hundred feet from Times Square dedicated to non-fungible tokens. While most of the companies at NFT NYC are early-stage startups still looking for their users, two attending organizations have hundreds of millions of fans around the world. Adrienne O’Keeffe, associate vice president of partnerships at the NBA, and Sophie Gage, counsel at the NFL Player’s Association, joined a panel to discuss the value of blockchain technology for big brands. Cointelegraph scored an exclusive interview after their public discussion. NFTs will create greater fan engagement “This is a new

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Bitcoin Gold Is Held Captive by Whale With Almost Half the Supply

By | blog

Bitcoin Gold (BTG)’s price is being manipulated by a whale controlling close to half of the circulating supply. These are the findings of an analysis conducted by an independent trader and analyst, who preferred to remain anonymous. He published his findings in a blog post, where he explained why he believes a single group of people accumulated their way into a huge Bitcoin Gold position, and are now using that supply to control the market. Accumulation through Bitfinex The events started in August 2018, when Bitfinex margin long positions began its sharp ascent to include almost two million BTG. The exchange

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Tron Community in Uproar as Genesis Coins Used in Super Reps Vote

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The Tron (TRX) community was beside itself on Wednesday, Feb. 19 after founder Justin Sun’s address was shown to have voted in two Tron Foundation apps as a Super Representative (SR). Both Tron-Ace and Tron-Bet were voted in as Super Representatives by the Zion address, the same account which received 99 billion TRX from the coin’s genesis block. Super Representatives are responsible for overseeing block production on Tron’s blockchain. As such, they receive a sizable portion of the coin rewards from each block. In plain terms, this means that Tron’s community rules were bypassed, arguably to further enrich its own

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Binance Set to Launch NEO/USDT Futures With Up to 50x Leverage

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Major cryptocurrency exchange Binance announced that it is about to launch a new futures product tracking crypto asset NEO. Per the announcement published on Feb. 16, the NEO/USDT futures will be launched on Feb. 17 and traders will be able to select leverage between 1x and 50x. The fees that the exchange imposes on trades of the contract in question are a 2% base initial margin rate, 1% base maintenance margin rate and a 0.5% liquidation fee. What is NEO? The Binance information page dedicated to NEO explains that it is an open source platform driven by its community that uses

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Binance Adds 15 Fiat Currency Options for Purchasing Crypto

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Binance has added 15 additional fiat currency options for Visa and Mastercard purchases on its platform. Since Feb. 14, the exchange’s partner Simplex can be used to buy crypto across many countries in the world. The list of supported currencies has been expanded to the British pound sterling, South Korean won, Russian ruble, Australian dollar, Swiss franc, Czech koruna, Danish krone, Norwegian krone, New Zealand dollar, Polish złoty, Swedish krona, Turkish lira, South African rand, Hungarian forint, and Israeli shekel. Binance users can utilize this option via the Buy Crypto page, which allows purchases of a select list of cryptocurrencies: Bitcoin (BTC),

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Poloniex Platform Masters Russian Language After Leaving US Market

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Russia is apparently becoming a more attractive market for cryptocurrency firms as another major crypto platform is adding Russian language support. Poloniex, a popular crypto exchange originally based in the United States, has begun adding the Russian language on its platform just three months after leaving the U.S. market. Announcing the news in a Feb. 13 blog post, Poloniex said that it had started introducing a “partially localized” version of Poloniex for Russian speaking users. The exchange noted that the currently presented Poloniex interface in Russian is just a starting point as the team has translated just a small part of the platform:

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