CRYPTO WORLD NETWORK NEWS

Brave under fire for affiliate link autofill

June 8, 2020June 8, 2020 CRYPTO WORLD

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. Brave’s co-founder and chief executive, Brendan Eich, has acknowledged the “mistake,” pledging that the error will soon be corrected to remove the automatic completion of its affiliate link after the…

Revolut: New super app and 12m customers

June 4, 2020June 4, 2020 CRYPTO WORLD

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. From the Home tab, Revolut’s users will be able to access their open banking-linked accounts as well as other budgeting and analytics tools. Through the Wealth tab, users will be able to trade stocks, cryptocurrencies and commodities. Cryptocurrency trading has been particularly popular for Revolut’s customers, the…

Atari token finds a home on new blockchain gaming network

May 21, 2020May 18, 2020 CRYPTO WORLD

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. Today, the company revealed the next step in its plan to entrench the Atari Token within the gaming ecosystem, announcing a partnership with Arkane Network to implement the token within its blockchain app development…

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

May 18, 2020May 18, 2020 CRYPTO WORLD

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. Much of the price rally is attributed to the halving that occurred last week. However, there’s another big change that has taken place on the Bitcoin network over the past month: CoinTelegraph reported that from April 11th to May 14th, the average cost of Bitcoin network transaction fees increased by…

IBM Blockchain to Offer Decentralized Smart Contract Option

May 15, 2020May 12, 2020 CRYPTO WORLD

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. As well as improving performance and data privacy, IBM said in a blog post that the upgrade would completely change the platform’s smart contract governance. “IBM Blockchain Platform will…

Binance Invests Undisclosed Sum in Indonesian Crypto Exchange

May 13, 2020May 12, 2020 CRYPTO WORLD

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. It is also planning for technological expansion and nationwide expansion. “This investment in Tokocrypto serves to validate Indonesia’s promising blockchain ecosystem, showcasing the confidence from a leading global player. The investment from Binance will help establish Tokocrypto’s leading services in the Indonesian market and accelerate our vision in bringing an open financial…

Halving Fails To Influence Bitcoin’s Price

May 12, 2020May 12, 2020 CRYPTO WORLD

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. According to Bitcoin’s code, written by its pseudonymous creator Satoshi Nakamoto, rewards to miners will continue to halve every 210,000 blocks on the BTC chain. Beating predictions, Bitcoin’s price volatility declined since Monday. There were mixed predictions regarding bitcoin halving’s impact on its price. While a section of experts said that the…

Coinbase updates mobile app so users can earn crypto rewards

April 20, 2020April 17, 2020 CRYPTO WORLD

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. Previously, users could take part in the rewards program via the platform on a desktop—but not via mobile. Now, the San Francisco-based exchange has made it possible to access all Coinbase Earn campaigns directly through the updated Coinbase mobile app. “Our mission is to create an…

Binance is launching a new Ethereum-compatible blockchain

April 17, 2020April 17, 2020 CRYPTO WORLD

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. “The first practical and widely-used Smart Contract platform is Ethereum. To take advantage of the relatively mature applications and community, BSC chooses to be compatible with the existing Ethereum mainnet,” Binance said in a whitepaper published on Friday. Binance already operates its native blockchain called Binance Chain (BC), which powers its decentralized exchange Binance DEX. But as it “doesn’t provide…

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

April 6, 2020April 4, 2020 CRYPTO WORLD

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. “We consider this part of the public infrastructure, similar to roads or healthcare,” explains Valentin Garcia Souto, head of development and innovation at the IT department of the Diputación Foral de Bizkaia. A first version of the platform, called Blockchain4all, was presented at the end of 2018. “It puts at the disposal of…

ECB uses open source blockchain solution Corda to test Digital Euro

April 3, 2020April 3, 2020 CRYPTO WORLD

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. In a speech given on 16 January 2017, Yves Mersch, member of the ECB executive board, explained that the Digital Euro, also called Digital Base Money (DBM) “is characterised by two features:…

Bitcoin loses a quarter of its value in March

April 1, 2020April 1, 2020 CRYPTO WORLD

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). That puts the digital currency on track for its worst month since November 2018 and also marks seven out of nine months that its value has fallen. Since June, the cryptocurrency has…

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

March 23, 2020March 17, 2020 CRYPTO WORLD

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. Announced, the news states: Oslo – Opera was the first browser to introduce Web 3 capabilities and a built-in crypto wallet across all of its mobile and desktop browsers. The Norwegian company is now letting its US users easily purchase cryptocurrencies using a debit card or Apple Pay. Easy crypto top ups are available…

Google Pay adds support for Coinbase’s Bitcoin card

March 19, 2020March 17, 2020 CRYPTO WORLD

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. Coinbase Card is a Visa debit card that was launched by Coinbase back in April 2019. Coinbase debit card users are able to spend 10 different cryptocurrencies directly from their Coinbase balance at any shop that accepts Visa payments. In additional to the physical card, Coinbase users get a virtual card…

Standard Chartered joins TradeLens

March 18, 2020March 11, 2020 CRYPTO WORLD

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. Commercially-available since December 2018, TradeLens captures millions of supply chain events and tens of thousands documents per week, having processed information on over 15 million containers worldwide since its launch. The platform enables participants to digitally…