SysCoin SYS

$0.0329
Market Cap $ 17.891 MM (#138)
24h Volume $ 104.329 K
Chg. 24h: -1.33%
Algo. score 3.8/5  (#88)
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SysCoin News

Reddit AMA with LODE @lode_one TODAY! - Learn about the silv...

Reddit AMA with LODE @lode_one TODAY! - Learn about the silver-backed stable coin on the Syscoin blockchain!… https://t.co/sOt4XIe4ve

12 days ago

@actunumcom Merci! Join the #community-marketing channel on ...

@actunumcom Merci! Join the #community-marketing channel on the Syscoin Slack where great #Syscoin minds are workin… https://t.co/pzRsC2lLY1

12 days ago

#Syscoin Weekly Update #27! Featuring: @BlockchainSwaps Alph...

#Syscoin Weekly Update #27! Featuring: @BlockchainSwaps Alpha release, upcoming @lode_one / @syscoin AMA, Syscoin D… https://t.co/QCeFDlt7Lj

18 days ago

Best Exchanges to Buy Stellar Lumens (XLM) In Europe - A Guide For Beginners

Small Introduction to Stellar Lumens - What is Stellar Lumens (XLM) ? Stellar Lumens is a cryptocurrency created in 2014 by Jeb McCaleb and Joyce Kim. The cryptocurrency was created to allow cross-border transactions between any pair of currencies. Stellar protocol is the system behind XLM - which is decentralized & open-source - that allows the exchange of value using blockchain technology. The cryptocurrency already have different real-word applications, from which we can note: Deloitte integrated with Stellar in 2016 to create a cross-border payments app, Deloitte Digital Bank. In October 2017, Stellar made a partnership with IBM and KlickEx to ease the cross-border transactions in South Pacific Region. In December 2017, TechCrunch & Stellar created SureRemit - a Nigerian based non-cash remittances platform. In January, Stripe planned to add Stellar’s cryptocurrency - XLM - but never did probably because of the bear market In November 2018, Stellar have the most massive cryptocurrency giveaway in history - with $125,000,000 in XLM to be distributed - in partnership with Blockchain.com. More details about this can be found on Blockchain.com/getcrypto. Stellar’s top value was on January 4th, when their native cryptocurrency - XLM - reached above the $0.90 mark. Since then, the lowest value was on March 18th, 2018 - with a price of $0.16 per XLM. From that point forward, the XLM value had a growth to $0.45 - but never reached more than that. XLM was traded between October and November in the $0.20 - $0.28 range, many people expecting it to grow due to the future Coinbase listing.Right now, XLM is trading around $0.198 - a decrease caused by Bitcoin’s price drop. However, in BTC value - Stellar Lumens is up with more than 10%. More details about Stellar Lumens (XLM) can be found on: Wikipedia - Stellar CoinCentral - What is Stellar Lumens? A Beginner’s Guide MyCryptopedia - Stellar Lumens (XLM) Explained Best Exchanges to Buy Stellar Lumens (XLM) In Europe There are plenty of exchanges to buy XLM worldwide, we will focus on the most trusted European ones while also analyzing the fees, the history of the exchange and the users opinion. Kraken Cryptocurrency Exchange Kraken is one of the most trusted exchanges. Founded in 2011 as a Bitcoin Exchange only, Kraken has evolved a lot since then and its now offering other cryptocurrencies too. They now accept a wide list of cryptocurrencies such as: BTC, BCH, ETH, ADA, QTUM, ETC, XMR, DASH, LTC, XRP, XLM, REP, ICN, MLN, ZEC, USDT, GNO, EOS. An interesting fact about Kraken Exchange - it was the first one to be listed on Bloomberg terminals. Kraken has not suffered any hack since 2011. Their service had a poor quality in 2017 during the crypto mania, but they now managed to improve it. We can now say that Kraken have one of the best support services from the crypto space. The fees: Extremely low! The trading fees for buying Stellar Lumens (XLM) or selling Stellar Lumens (XLM) are under 0.1%. The EUR Bank Wire Deposit option have a fixed fee of 10 Euro - that you pay to the bank, not Kraken - while the EUR SEPA Deposit is free. The withdrawal fee for Stellar Lumens (XLM) is 0.00002. We’ll round it to 0, as the amount is 0.00000004 EUR. In conclusion, you could purchase Stellar Lumens (XLM) from Kraken without losing more than 0.5% of your deposit amount. History & Safety: Active since 2011.No hacks occurred until the time of writing the article. Cryptocurrencies are stored in hardware wallets in order to offer protection for the buyers. However, its better to keep it to your personal hardware wallet ( we recommend a Ledger or a Trezor device). Users opinions: We’ll judge this by checking the users opinions from Kraken exchange. More details can be found on CryptoCompare. The average user score is 2.2 out of 5 - which is pretty harsh in our opinion. But, as we’ve mentioned, 1 year ago Kraken had a very poor customer support service. So, we’ll judge this from 2 points of view 2.2 out of 5 score overall - People had unpleasant situation with Kraken exchange in the past. As some of the users mentioned, Kraken exchange can be a little bit unfriendly for new users. We can say the same thing about their support in the past. 5 reviews in 2018: 3 users voted Kraken 4 out of 5 while 2 users voted Kraken 5 out of 5. Therefore, the overall vote would be 4.6 out of 5. This is a proof that Kraken Exchange really tried and improve their service. Zerocrypted’s Opinion About Kraken Exchange Kraken Exchange did a great job by increasing the support agents and hiring professional ones. Their low fees as well as the ability to purchase crypto using EUR deposits made it friendly for any European that looks to purchase a few Stellar Lumens (XLM). Buying Stellar Lumens from Kraken is not such a simple process for someone unfamiliar with crypto. If other services offered a simple button to purchase a cryptocurrency only by pressing a button, on Kraken you need to be more experien

19 days ago

@thetechandi Hello John, as we've stated previously, please ...

@thetechandi Hello John, as we've stated previously, please join the Syscoin Slack #help channel for troubleshootin… https://t.co/LKe3G9n0dC

25 days ago

We are proud to announce that Syscoin is live on Delta Direc...

We are proud to announce that Syscoin is live on Delta Direct! All the latest #Syscoin updates will now be directly… https://t.co/Urje4bOxRw

a month ago

Great #News for the #Syscoin #Masternode Community! @cinfuh...

Great #News for the #Syscoin #Masternode Community! @cinfuhosting now accepts Syscoin as a payment option via the… https://t.co/dirjwav6I3

a month ago

@cryptostand Check your block height here: ...

@cryptostand Check your block height here: https://t.co/1jqOz1Zu8Z and make sure you're on the latest SYS version… https://t.co/9cKCAVQwmf

a month ago

@cryptostand @Syscoincmt @coingecko Please visit the Syscoin...

@cryptostand @Syscoincmt @coingecko Please visit the Syscoin Slack and ask your questions in the #help channel. To… https://t.co/O0tWpM5l8Y

a month ago

Binance System Maintenance Extended till 14:00 UTC, All Funds are SAFU

At around 5am UTC, the CEO of Binance, Changpeng Zhao, informed loyal clients of the exchange, that they were having issues with one of their Databases. The tweet went on to explain that a number of API users will not be able to see their orders correctly. Regular users of the Web application and mobile app were not affected by the issue but an engine restart was required. The exact tweet can be found below. We are experiencing an issue after a DB fail over. A small number of API users won't see their orders correctly. UI (Web, APP) users are fine. An engine restart is required to fix the issue. We will halt trading for a engine restart in about 30 minutes, lasting about 60 min. — CZ Binance (@cz_binance) October 19, 2018 Maintenance Extension Till 14:00 UTC However, the system maintenance is taking longer than expected due to data synchronization issues at the exchange. The team at Binance has since issued the following announcement regarding the extension. Fellow Binancians, Due to a longer than expected data synchronization, Binance’s ongoing system maintenance will be extended by another 6 hours to 2018/10/19 14:00 AM (UTC). Our team is working hard to complete the maintenance as quickly as possible. Another announcement will be made once the maintenance is complete. Users will be given some time to cancel existing orders, deposit, withdraw and use other account functions before trading resumes. Please stay tuned for further information. We apologize for any inconvenience caused, and thank you for your patience. Funds are SAFU Changpeng Zhao has since reassured user of the platform, that their funds are safe at the exchange using the popular acronym of SAFU that alludes to the word SAFE. His tweet can be found below: Fund are #SAFU. Standard tech issue. — CZ Binance (@cz_binance) October 19, 2018 Genesis of SAFU The Word SAFU is an acronym for Binance’s program known as Secure Asset Fund for Users which was started on the 14th of July after the exchange experienced a massive spike in value of the Syscoin (SYS) cryptocurrency. What happened on that day, is that irregular trading through APIs had caused the value of SYS to spike to as high as 96 BTC for one coin. This in turn meant that there were plenty of traders who either made massive gains or made massive losses during that time period. The exchange then reset the API system and reversed all affected trading transactions. SAFU was created to protect the exchange’s users and their funds in extreme cases. Binance now allocates 10% of all trading fees received into SAFU and stores the fund in a separate cold wallet. However, the term SAFU, has been the subject of jokes and memes as can be seen in the one below of Changpeng Zhao. Popular SAFU meme What are your thoughts on the Binance system maintenance? Are your funds SAFU? Please let us know in the comment section below. The post Binance System Maintenance Extended till 14:00 UTC, All Funds are SAFU appeared first on Ethereum World News.

2 months ago

The Collaboration between @eiysys SYS + @RevInfotech and #BI...

The Collaboration between @eiysys SYS + @RevInfotech and #BITRENT👨‍💼👍 https://t.co/mrMucJ9ltr #medium #news… https://t.co/3Mjwm6laRi

2 months ago

How to write EOS Smart contracts for version 1.3.0! Guide as promised

https://i.redd.it/g3kxvgv7asp11.png Instrument ***eosiocpp*** used to be recommended for the smart contract compliance, provided with EOSIO installation. Despite eosiocpp is still available under the version 1.3.0 of smart contract compiling and .abi files creating, new EOSIO Contract Development Toolkit (EOSIO.CDT) is recommended for further maintenance \[this very to be improved in the next releases\]. EOSIO Contract Development Toolkit presented in a separate repository. **Follow the following steps to install:** **git clone — recursive** r/https://github.com/eosio/eosio.cdt **cd eosio.cdt** To run build and set all the necessary correlation one needs to specify CORE\_SYMBOL EOSIO blockchain at a start. You shouldn’t use EOS name by default when starting a test network, just run ./eosio\_build.sh \[CORE\_SYMBOL SYS. By default\] You could check CORE\_SYMBOL\_NAME in the file «CMakeLists.txt»\]. CORE\_SYMBOL can be setup by EOSIO action from Software Directory \[bydefaultactioneos\] ./eosio\_build.sh -s EOS \[is used for Jungle Testnet\]. **./build.sh SYS или ./build.sh EOS**  — this process may take a long while. Installation core eosio.cdt into directory /usr/local/eosio.cdt and symlinks on the instruments of /usr/local/bin for better workout **sudo ./install.sh** Main toolkit for interaction eosio-cpp — C ++ compiler **eosio-cc — C compiler** **eosio-ld — linker** **eosio-abigen — ABI generator.** To compile source .cpp file of your smart contract into.wasm format and generate .abi you can do in one step \[from that very directory.cpp file is through setting its way\] **eosio-cpp new\_contract.cpp -o new\_contract.wasm — abigen** An option — abigen, will specify eosio-cpp to run eosio-abigen after \[without this option file new\_contract.wasm will be created only\]. If an output file is indicated as .wasm with parameters -o (e.g., new\_contract.wasm), then eosio-cpp will report to ABI of the file creation with the same .abi name. **That step will create two files new\_contract.wasm and new\_contract.abi** In contrast to the eosiocpp generator ABI, eosio-abigen has style attributes C++11 and GNU to declare actions and tables, that is, before .abi file generation, you need to mark all the actions and tables in the file.cpp by the following means. Means of declaring an action for ABI generation: **\[\[eosio::action\]\]** **void action\_name( account\_name user ) {** **// something** **}** **\_\_attribute\_\_((eosio\_action))** **void action\_name( account\_name user ){** **// something** **}** **Means of declaring table for ABI generation:** **struct \[\[eosio::table\]\] table\_name {** **uint64\_t account\_name;** **/\*other fields \*/** **};** **struct \_\_attribute\_\_((eosio\_table)) table\_name {** **uint64\_t account\_name;** **/\* other fields \*/** **};** You should specify EOSIO\_ABI at the end of the file, to transfer class name of the smart contract, and all the actions. Thus you make .cpp file compatible with the shell ISM EOSIO by adding this info. **EOSIO\_ABI( class\_name, (action1)(action2)(action3) )** Note: file ABI, generated through eosio-abigen, may not be strictly correct. Further checkups, control and corrections of .abi file will make your smart contract function correctly. **Deploy & Update is similar to the previous one.** ​...

2 months ago

The Syscoin Platform 3.x whitepaper summary is now available...

The Syscoin Platform 3.x whitepaper summary is now available at https://t.co/RXIbNnJya8 #whitepaper @syscoin See h... https://t.co/KTIqWadTgN...

2 months ago

Syscoin Core Developer Portal launched and under continuous ...

Syscoin Core Developer Portal launched and under continuous construction https://t.co/kAUMeOIQRI @syscoin... https://t.co/TvR99DtKMl...

2 months ago

Syscoin core 3.1.4 is released: This is a bugfix release for...

Syscoin core 3.1.4 is released: This is a bugfix release for a DOS vulnerability discovered in Bitcoin Core.... https://t.co/zqRtS6KW0R...

2 months ago

Data: These Six Coins Lose Market Cap Positions

According to a report published by Nulltx, the market capitalizations of six top cryptocurrencies have been declining in the recent past. Veritaseum which currently has a market cap of $36.07 million has been the hardest hit token, losing 68 positions in market cap rankings to settle outside the top 100. SALT has lost 55 market cap positions in the past six months. DigixDAO and Factom have not been spared in the decline. The two have lost 55 and 52 market cap positions respectively. SysCoin, whose market cap stands at $47.34 million has dropped 41 positions. (SK)

3 months ago

Best Performing Masternode Coins of the Month

The AltDex Masternode Index (ALTMSN) displays the best masternode coins. On top of their list is Dash, followed by VeChain, PACcoin, Horizen, ZCoin, PIVX, Syscoin, SmartCash, Blocknet, Pura, ION, GINcoin, Bulwark, and Stakenet. Masternodes started 2018 as a hyped digital currency class of financial instruments. Eight months down the line in a bear market, investors have learned to steer clear of masternodes. This is because most of them are categorized as questionable or scam projects. However, some masternode coins have stayed afloat to date. Their survival is mostly based on their low-inflationary reward systems and high market liquidity. (KE)

3 months ago

IBM Debuts Stellar-Based Blockchain Payment Network

IBM has revealed its Blockchain World Wire (BWW) payment system from beta testing this week and cryptocurrency pundits will be proud to know that BWW uses digital assets on Stellar Lumens blockchain to process international settlements between banks in “near real-time”. According to IBM “it all means funds can now be transferred at a fraction of the cost and time of traditional correspondent banking.” It’s likely that BBW uses Stronghold, a Stellar-based digital asset that functions as a stablecoin. (RS)

3 months ago

Australian City Is Getting Crypto Friendly To Attract Tourism

Australian city Brisbane has given a grant to TravelbyBit to make the city crypto friendly. Brisbane has a huge tourism industry, and the city is hoping to boost that by attracting crypto investors to spend their cryptocurrencies. TravelbyBit has deployed Crypto PoS systems at 200 merchants across the country. Also, Brisbane’s airport became the first globally to accept crypto payments in over 30 outlets in the terminals. People can pay for events at Brisbane Convention and Exhibition Centre using cryptocurrencies. (VS)

3 months ago

Daily Berminal Brief (9/4/18): IBM Launches Cross-Border Payments With Stellar And Google Onboards Ethereum Blockchain To Analytics Platform

The State Of The Market: Most of the market is in green today, with Bitcoin going creeping past its resistance at $7,300. Bitcoin (BTC) is currently priced at $7,363.31, gaining 1.28% in the last 24 hours. Also, for the first time in 8 months, Bitcoin's MACD has gone above the zero line, indicating an upcoming Bull run. With the current trend, Bitcoin may reach $8,500 in the next few weeks. Ethereum, on the other hand, has not moved. It is still below $300 at $289.08, losing 0.22%. Also, with recent Bitcoin gains, Ethereum has gone below 0.04 BTC for the first time this year and is currently at 0.03919 BTC. The total market cap has gone from $235 Billion to $240 Billion, gaining $5 Billion in the last 24 hours. 1) After initially announcing a partnership with Stellar, IBM has quietly rolled out 'Blockchain World Wire' which will facilitate near real-time cross-border payments. In doing so, Stellar with IBM is directly competing with Ripple. IBM will partner with financial institutions and integrate Blockchain World Wire with their existing payment systems for seamless transactions. 2) Internet giant Google has taken a special interest in Ethereum by adding its blockchain to their big data analytics platform, BigQuery. The new feature synchronizes blockchain data every day and visualizes multiple aspects of it. BigQuery can also be used to observe smart contracts and Dapps on the Ethereum blockchain. Ethereum blockchain data is available for users to interact with right now. 3) After multiple hacks, Bittrex is the latest exchange to drop support for the forked cryptocurrency, Bitcoin Gold. Currently, BTG trades against BTC, ETH, and USDT on Bittrex. The exchange fell victim to a 51% attack and demanded that the Bitcoin Gold team cover up their loss. The BTG team refused to do so, which has resulted in Bittrex dropping support.

3 months ago

Australia's Biggest Stock Exchange Is Moving Its Blockchain Plans To 2021

The Australian Securities Exchange (ASX), which announced its plans to use blockchain for post-trade settlements system has pushed the date from 2020 to Q1 2021. The current system, House Electronic Subregister System (CHESS) has not been upgraded for nearly 25 years. ASX revealed that its stakeholders felt they were very aggressive with their timelines. The current target is March-April 2021. (VS)

3 months ago

Lisk Core 1.0 Mainnet Migration a Success

Lisk has announced that it has migrated core 1.0 to its mainnet successfully. The communication lead at Lisk, Micheal Borowiec termed this as Lisk ecosystem significant milestone to date. The migration was overseen by Lisk's Switzerland (Zug) headquarters. Lisk, by use of javascript, enables developers to build blockchain applications that are scalable while enabling them to deploy their custom tokens. Lisk Core 1.0 features and advancements on technology are; new API and Real-Time Peers, a peer-to-peer communication layer for maximization of performance and the network's reliability improvement. (VK)

3 months ago

Australia’s Brisbane City Gradually Turning into Crypto Capital

Australia’s second largest State Queensland is gradually turning into a blockchain and cryptocurrency hub. This follows the move by the local government to give grants to blockchain startup TravelbyBit. The company is one of the 70 firms to receive the Advance Queensland Ignite Ideas funding. The company is reported to have received $100,000 which will be used to develop a system which will allow tourists to pay for various services with Bitcoin. The startup has already partnered with Brisbane International Airport in the development of the company’s digital payment platform. (VK)

3 months ago

Square Acquires Crypto Payment Network License

Mobile payment processing company Square Inc. has obtained a US digital currency payment patent. The startup, founded by Twitter CEO Jack Dorsey, will allow traders to accept both cryptocurrency and fiat payments. Merchants will then cash out in the currency of their choice. The US Patent and Trademark Office (USPTO) gave Square Inc. the copyright. The firm aims to process payment transactions at speed similar to that of credit cards. Square cited that the system will make the payment process flexible and also reduce delays in processing payments. The new payment system will prevent merchants from double-spending by moving the risk to the payment service. (KE)

3 months ago

Taiwan Hospital Incorporates Blockchain Platform in Record Storage System

The Taipei Medical University Hospital recently integrated blockchain technology for better keeping of medical records. According to Taipei Times, a local media outlet, over 100 community-based health centers have partnered on this project. The blockchain platform will better the access to medical records for both institutions and patients. The platform is dubbed the Healthcare Blockchain Platform. As per the report, the platform will offer long-term support to the Taiwan government’s Hierarchical Medical System policy. The hospital stated that the platform would also improve the patient referral system. The ingenuity involves a password encrypted mobile app. Patients will log into the app when in need of medical services. (KE)

3 months ago

Japan Tries Voting on Blockchain

According to Coingeek, Japan is exploring the use of the blockchain as a vehicle for digital voting, which could revolutionize voting processes around the world. Japan is trying the test in the city of Tsukuba, where citizens will participate in a blockchain-based voting test for “social contribution projects.” The pilot will verify individuals’ identities by way of Japanese identification cards to ensure that the votes are legitimate. It is said that the mayor has already tested the system. West Virginia in the US began testing a blockchain-based voting system for remote military personnel earlier this year. Other countries are also reportedly testing the use of the blockchain for voting activity, as well. (RL)

3 months ago

Industrial and Commercial Bank of China to Use Blockchain Technology

On September 1st, BiaNews reported that industrial and Commercial Bank of China would focus on the development of blockchain tech. Yi Huiman, ICBC Chairman, said that the bank would concentrate on innovations in big data, cloud computing, artificial intelligence, internet of things and blockchain. The bank is looking into finding use cases for smart contracts to enhance their service and secure data (financial) shared with third parties. (KE)

3 months ago

Australia's ASX Delays Blockchain Transition by 6 Months

According to Reuters, Australian markets operator ASX Ltd said on Tuesday it has delayed its switchover to blockchain technology by six months to devote more time for user development and testing. Last year, ASX said it would replace its registry, settlement and clearing system with blockchain technology to cut costs for customers. The decision to replace the Clearing House Electronic Subregister System (CHESS) on Australia’s main bourse follows two years of testing of distributed ledger technology, also known as blockchain. It is said that the move will l make the Australian Securities Exchange one of the biggest mainstream financial markets to use the relatively new ledger system.(RL)

3 months ago

Mixed Reviews After Japanese City Uses a Blockchain Voting System

Tsukuba, a city in Japan, takes pride in being the country’s first to use a blockchain voting system. Tsukuba follows in the footsteps of countries such as Russia, Estonia, and Kenya which have incorporated technology into their voting systems. The city of Tsukuba uses Japan’s My Number identification system, combined with blockchain technology. Participants have used the new online system to vote for social contribution initiatives. Tatsuo Igarashi, the city’s mayor, said after voting that he was expecting complex procedures only to find that the system was simple and user-friendly. Some issues arose after some participants forgot their passwords. Authorities could also not determine whether all votes had been counted. (KE)

3 months ago

Report: Major Chinese Insurance Firm Will Use the Blockchain Technology After New Alliance

A Bianews report revealed that the People’s Insurance Company of China (PICC) has partnered with VeChain and DNV GL. This collaboration aims at using the blockchain technology to save on time and money for the two companies, through efficiency. The alliance also seeks to improve claim experience, fraud prevention, and KYC conformity. According to an announcement by PICC, VeChain will help to digitalize their operations, making them faster. The digitalization will create an instant compensation system, according to the report. Additionally, the report highlights that DNV GL, which is a global quality assurance and risk management company, will, in turn, guarantee the system’s data integrity. (KE)

3 months ago

NKN Announces TestNet v0.3 Lemur Release

NKN recently announced its TestNet v0.3 Lemur release in what the development team called a key milestone in technical development. Some of the major updates include the expansion of the number of nodes in the network to over 1000, which can be deployed with ‘one-click,’ further development to NKN’s core systems which include its consensus and mining mechanisms, and the publication of the Alpha version of the NKN SDK and Wallet, which well help developers build dApps using NKN’s network. There is one more planned TestNet upgrade before the MainNet launch scheduled for March 2019. (JF)

3 months ago

Bitcoin Enthusiasts Create Lightning Network POS System

Recently, a group of Bitcoin (BTC) enthusiasts got together and created a functioning POS system that is linked to lightning network for a bar in Berlin called ROOM77. This enabled the patrons to route a BTC payment through the lightning network to pay for their beer and food. While this may seem like a small event, wider adoption is dependent upon the ability for the everyday person to use their cryptocurrency for their daily purchases, and as the lightning network is able to further establish itself, the value of bitcoin is bound to increase. (JF)

3 months ago

Nexus Seeks to Revolutionize the Blockchain Industry

Nexus (NXS), a coin that has been in and out of the Top 100 recently and has been a top performer recently, recently posted this tweet to let everyone know what they are all about: “Nexus: a connection btw 2 or more things. Tech designed to provide alternatives to the systems that currently exist, in which focus is on distributed ledgers, space, AI, self-sufficiency, distributed governance, telecommunications, social organization, edu, and advanced contracts.” With a strong community and their first satellite launch coming in March, NXS is a project to keep an eye on, currently trading at $1.11. (JF)

3 months ago

Japan: Tsukuba, a Voting Blockchain System Launched

An online blockchain voting system has been rolled out by the Tsukuba's Japanese city Government. To vote, the Japanese residents will use a 12 digit social security identifier "My Number" provided by the government to verify the credentials given by voters to avoid votes falsification and will be accessed using blockchain. The system will be used to vote for local social development programs. The voters would place their "My Number'' card before casting the votes on the card reader and select a program they are voting for. The process, however, was not entirely successful as many voters could not recall their passwords. (VK)

3 months ago

Twitter User Claims Bithumb Is Faking $250 Million In Volume Everyday

Twitter user @Crypto_Macro claims South Korea's second largest Crypto exchange Bithumb is faking its trade volumes by as much as $250 Million every day. Bithumb offers 120% trading fee airdrop on a first come first serve basis. Some traders are gaming this system with massive volumes of fake trades to claim the airdrop. The fake volume appears at 11 am every day like clockwork. Bithumb saw a volume of $390.47 Million in the last 24 hours. (VS)

3 months ago

Canadian Esports Tournament Is Launching Its Own Cryptocurrency

Canada Cup, the country's premier Fighting Game Tournament has announced its plans to launch its own cryptocurrency, eSports ecosystem (ESE). Canada Cup has been around since 2010. The tournament is planning to build a platform to reward both professional and casual players. The funding will be used to promote eSports through bigger tournaments, sponsorships, and gaming scholarships. (VS)

3 months ago

Alibaba and IBM Takes the Top Positions for Blockchain's Number of Patent Filed

According to iPR Daily, Alibaba and IBM are listed first according to the number of patents filed on blockchain projects. The information was gathered from EU, China, America, Japan, South Korea and from WIPO International Patent System. Alibaba emerged first having filed 90 patents relating to blockchain while IBM came second with patents amounting to 89. Mastercard came third with 80 patents while Bank of America followed with 53 patents. Additionally, People's Bank of China filed 44 patents. This follows after a survey carried by WIPO showed that China lead in the number of patent filed in 2017 for blockchain tech. (VK)

3 months ago

Japanese City Tsukuba Launches Blockchain-Based Voting System

Japanese city Tsukuba has integrated blockchain technology into its voting process. The blockchain-based voting system will allow citizens to choose a social contribution project fairly. Mayor Tatsuo Igarashi said the voting process was less complicated. However, he noted that many voters forgot their passwords and it is unknown if their votes were counted in the final result. (VK)

3 months ago

Walmart Is Planning To Control An Army Of Delivery Robots Using Blockchain

American retail giant Walmart has filed a patent, titled "system for in-field authentication of autonomous electronic device” to use Blockchain to power an army of delivery robots. The robots will be able to authenticate and communicate with each other using blockchain. Also, all activity is recorded on blockchain to make sure that there is no compromise on data. Walmart has been busy filing blockchain patents for the last couple of years. (VS)

3 months ago

Chinese Government's Insurance Agency Partners With VeChain For Blockchain Pilot

The People’s Insurance Company of China (PICC), run by the state with $126 Billion in assets has announced a partnership with VeChain to use Blockchain technology in the insurance industry. PICC is hoping to upgrade the existing legacy claim management system using blockchain. DNV GL will use VeChain's public blockchain VeChainThor to build a new platform for the insurance industry. VeChain (VET) is currently priced at $0.0176, losing 1.3% in the last 24 hours. (VS)

3 months ago

IBM Launches Blockchain Cross-Border Payments System Using Stellar

After initially announcing a partnership with Stellar, IBM has now announced 'Blockchain World Wire' which will facilitate near real-time cross-border payments. In doing so, Stellar with IBM is directly competing with Ripple. IBM will partner with financial institutions and integrate Blockchain World Wire with their existing payment systems for seamless transactions. Stellar (XLM) is currently priced at $0.2202, losing 3.34% in the last 24 hours. (VS)

3 months ago

Japan's FSA Adds 400 More Questions to Cryptocurrency Exchange New Applicants

A local report has indicated that Japan's Financial Services Agency (FSA) has increased questions asked to applicants when registering for cryptocurrencies exchanges by 400 items. The applicants will now have to submit a report on a formal board meeting to ascertain if the applicants' covered security measures for the safety of their customers together with their financial health. After the submission, the FSA would do an on-site inspection to make sure whats in the report is accurate. Previously all they needed was information on the financial backing of the applicant together with the system safety security, but now they have jumped into looking at the board meeting records together with "the composition of an applicant company's shareholders. (VK)

3 months ago

Japan: New Screening Requirements for Cryptocurrency Exchanges Introduced

According to a report by the Financial Times, the Financial Services Agency of Japan has added new requirements for exchanges to tighten the screening of this exchanges during the registration. The new conditions cover the decision-making process of these companies and the antisocial groups' links. This will be done by reviewing the board meetings minutes and their computer system security. As per the report, the questions asked are up by over 400 and include those of financial health and risk management measures by the registrant. (KE)

3 months ago

Andrew Rossow: Blockchain Technology Could Transform the Luxury Goods Market

As per a report by Forbes, the luxury goods market is faced with a lot of issues such as inaccurate appraisals and the ability to spot fake products; the blockchain technology can solve this. According to Andrew Rossow, a crypto contributor, blockchain tech can lessen the task of visiting an appraiser or the use of authentication systems. Also, to deal with fake products blockchain ensure the validation and tracing of the authenticity of these goods. The implementation of this tech will help the Millenial generation which Forbes reports to be huge consumers of luxury goods. At the beginning of August, Rare Carat and Everledger, a startup joined forces for diamond appraisal. (KE)

3 months ago

Vertcoin Community Gets Fully Compliant USD Exchange

The Vertcoin (VTC) community recently got a new, fully compliant exchange where they can purchase VTC directly with USD. Vertbase has announced that as of September 1st, they have begun onboarding users who signed up for their waitlist over the past few months. The platform is wrapping up its beta testing with a small group of users, but since it is still technically in beta, they are onboarding users slowly to make sure the system is working properly and any bugs have been discovered. The platform enables users to connect their bank account with their Vertbase account to purchase VTC with USD. (JF)

3 months ago

South Korean Province Replaces Loyalty Scheme With Digital Currency

The local government in the South Korean province of Gyeongsangbuk-do recently announced plans to issue its own digital currency to replace the current state loyalty scheme. Officials are partnering with blockchain startup Orbs to create the ‘Gyeongbuk Coin’ which will replace the ‘Hometown Love Gift Card’ that is being used by residents at this time. There will be a total of KRW 100 billion worth of tokens issued each year, which will be available for purchase on exchanges using the South Korean won. The coins can be spent at participating businesses using a smartphone and QR system. (JF)

3 months ago

ABCC Exchange Introduces Community Voting for Listing New Crypto Tokens

The cryptocurrency exchange ABCC has recently announced that it will be starting a ‘Community Vote to List Scheme’ which will allow users to vote on tokens to be added to the platform, giving them a more diverse selection of digital assets to choose from. This is growing trend across cryptocurrency exchanges as they seek to get users more involved. The voting period will 7 days, and ABCC will announce the start date of voting after it has assessed the applications received using its proprietary coin evaluation system. (JF)

3 months ago

Trinity Fully Releases ETH-Based State Channel Protocol

The universal off-chain scaling solution project Trinity (TNC) has announced the official release of the ETH-based Trinity State Channel Protocol, marking an important milestone in the Trinity projects development. The team will spend the next days optimizing the protocol to help make it more secure, stable, and user friendly, while also focusing on the task of building a community and ecosystem that can help expand the reach of the project and get more individuals and projects involved. (JF)

3 months ago

Cardano (ADA) to Finance GeoGnomo to Improve Interoperability Standards

The Cardano project, known for its academic and research-focused approach to developing blockchain technology, recently financed a working group called GeoGnomo with the goal of developing better interoperability standards. GeoGnomo is an open-source project that researches methods of smart ledger geo-stamping, and states that their Quaternary Triangular, Quaternary Rectangular, and Variable Rectangular geo-stamping systems can be used to record geographic areas into a blockchain by generating source code, creating a geocoding system which enables easier data retrieval. (JF)

3 months ago

SFOX Executive: Bitcoin Price is More Reliable in 2018

While cryptocurrency prices were abysmally crushed throughout 2018, SFOX believes that the market also stabilized and will continue to solidify as more Wall Street companies join the sector. SFOX head of growth, Danny Kim, believes that the market has progressed in a number of capacities as there are a larger array of stable trading platform and regulations are building a platform for mainstream adoption. According to Kim, the next step for cryptocurrency will be the development of a more reliable ecosystem and the “stabilizing effects of institutional investment will extend beyond price spreads, and on to price fluctuations.” (RS)

3 months ago


News courtesy of berminal.com
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