CRYPTO WORLD

Alibaba leads blockchain patent race

Data shows that China’s e-commerce giant leads the way in awarded blockchain patents, with Chinese and US firms aggressively filing to stake out protection for their IP.

A new report from the China Patent Protection Association shows that Chinese multinational Alibaba leads the world in patents awarded for blockchain-related technology.

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FC Barcelona’s BAR Token Price Jumps Over 150% on First Trading Day

Premier soccer club FC Barcelona has launched a token earlier this week in a token sale that ended in the space of two hours. In it, 600,000 tokens were sold at €2 ($2.25) each, and these tokens are now already trading above €5.6 (around $6.35).

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Chinese Mining Company Ebang to Reportedly List on Nasdaq This Week

Chinese Bitcoin (BTC) miner manufacturer Ebang will reportedly be listed on Nasdaq Global Market under the ticker EBON later this week, becoming the second crypto mining company to go public in the United States.

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John McAfee’s Ghost Distributed Exchange Now Live

John McAfee’s controversial Ghost distributed exchange is now live, the cryptocurrency advocate announced on Twitter over the weekend.

The Ghost distributed exchange is related to McAfee’s privacy project Ghost, a Proof of Stake privacy coin intended for more anonymous transactions.

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User Pays a Second $2.6 Million Fee in Ether Transaction

History repeated itself on Thursday, after the Ethereum blockchain processed another transfer with fees of $2.6 million – the second such unusual, record-fee transaction in 24 hours.

A user sent 350 ether (ETH), worth about $86,400 and paid 10,668 ETH, or $2.6 million, in transaction fees.

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Brave under fire for affiliate link autofill

Brave appears to have removed a controversial feature that was auto-filling the company’s affiliate link when a user attempted to access Binance.

Crypto-powered privacy-focused web browser Brave has come under fire for automatically filling an affiliate link into its address bar when a user attempts to access the website for leading crypto exchange Binance and its United States-based subsidiary Binance.US.

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Revolut: New super app and 12m customers

Digital banking service Revolut has today unveiled its new ‘financial super app’ that promises to “reimagine and redefine” its offering to customers.

The redesign will enable users to manage their finances all in one place, with two main sections labelled Home and Wealth.

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Atari token finds a home on new blockchain gaming network

Partnership between Atari and Arkane Network will allow developers to integrate the new token for buying, selling, and trading assets.

Atari helped kick off the gaming revolution, and now the brand—which has changed hands many times since the 1970s—aims to help lead the crypto revolution in gaming with its recently-revealed Atari Token and online casino plans.

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Bitcoin Transaction Fees Increased 1250% from April 11th to May 14th

March, April, and May were big months for Bitcoin–after a cliff-dive in the price of Bitcoin on March 12th, Bitcoin has slowly and steadily recovered to nearly $10,000, where it was before the coronavirus pandemic slammed into the global economy.

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IBM Blockchain to Offer Decentralized Smart Contract Option

IBM is upgrading its enterprise blockchain solution to provide clients with a new decentralized governance option that will allow transaction parties to propose and amend smart contract parameters.

The blue-chip IT firm said last week the IBM Blockchain Platform would carry over the changes in Hyperledger Fabric 2.0 – its base layer – claiming it “vastly improves” overall security and usability.

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Binance Invests Undisclosed Sum in Indonesian Crypto Exchange

Binance has invested an undisclosed amount in Tokocrypto, a regulated cryptocurrency exchange in Indonesia.

Announced on Tuesday, the proceeds will be utilized in accelerating the growth of the local crypto exchange’s business by extending its products and services.

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Halving Fails To Influence Bitcoin’s Price

Bitcoin halving, the largest event in the cryptocurrency calendar, failed to trigger any significant impact on its price.

Bitcoin halving takes place every four years, which reduces the rate at which new coins are created, to control inflation.

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Coinbase updates mobile app so users can earn crypto rewards

San Francisco-based crypto exchange Coinbase has expanded its Earn campaign. Users can now earn crypto by learning about it on the user-friendly mobile app.

Cryptocurrency exchange Coinbase today announced that its users can now earn crypto from the rewards section of its mobile platform.

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Binance is launching a new Ethereum-compatible blockchain

Crypto exchange Binance is launching a new Ethereum-compatible blockchain, with BNB as a native token.

Dubbed “Binance Smart Chain” (BSC), the new blockchain would have smart contracts functionalities like Ethereum.

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Spain’s Bizkaia lets companies and citizens experiment with open source blockchain platform

The provincial council of Bizkaia, one of the provinces of the Basque Country in Spain, is letting companies and citizens run experiments with its blockchain platform in the hope of spinning off useful public and commercial services.

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ECB uses open source blockchain solution Corda to test Digital Euro

The European Central Bank (ECB) conducted an analysis of the economic and societal impact of issuing Central Bank Digital Currency (CBCD) or Digital Euro. In the framework of this analysis, the ECB carried out a ‘proof of concept’ related to the anonymisation of digital currency transactions, by using the open source solution Corda, a blockchain platform for business.

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Bitcoin loses a quarter of its value in March

The turmoil that rocked financial markets in March also wreaked havoc on the value of Bitcoin, delivering one of the cryptocurrency’s worst months on record.

Investors rushed out of riskier assets amid the coronavirus pandemic that is casting a shadow on global growth prospects, with Bitcoin losing about 25 per cent in March to trade below $6,500 (Dh23,874).

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You can now buy Bitcoin with Apple Pay through Opera in the US

You can use Apple Pay to buy Ethereum or Bitcoin through the browser in the US and Scandinavia.

Opera has just announced that users can now buy Bitcoin and Ethereum through its browser using Apple Pay.

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Google Pay adds support for Coinbase’s Bitcoin card

Coinbase Card owners can now add a virtual version of the card to their Google Pay wallet, making it easier for them to spend their Bitcoin in shops. Support for Google Pay covers more than a dozen European countries.

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Standard Chartered joins TradeLens

Standard Chartered has become the first financial institution to join the TradeLens blockchain-enabled container logisitics platform developed by IBM and Maersk.

Standard Chartered will be the first financial intitution to join an ecosystem consisting of more than 150 members, including 100+ ports and terminals, 20+ ocean carriers and intermodal providers, and 10+ government authorities.

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