Hoskinson is On his Way to the Crypto World Cup Final!!!

Charles HoskinsonCharles Hoskinson

After a stonking-ly good match that had everyone on the edge of their seat, we finally have our first victor for the Crypto World Cup Final due to play on Sunday!

Charles Hoskinson has earned his worthy place with his 1-0 defeat of Satoshi Nakamoto.

Nakamoto’s fans were obviously left devastated at the defeat; he had not reached the semi-finals in 32 years — riding on under-dog hopes, this could have been his year.

If you haven’t been following and want to see who has taken part and been booted out already, go here!

Semi-Final: Charles Hoskinson 1-0 Satoshi Nakamoto

Let’s get into this game.

It was an early second half goal, headed in by Hoskinson, combined with an all-round brilliant defensive wall which meant he was simply the superior side.

Nakamoto showed his talented attacking abilities, and with an all-round 64% possession, he was by no means out-ranked. But he could not find the back of the net against such an experienced and strong side; Hoskinson has reached the Crypto World Cup final three times in the last six cups.

The 1-0 defeat was nearly 2-0, when Hoskinson pulled off one of the best assists in Cup history — but he bottled it when it mattered — a fumble with the keeper sent the ball away from the net. You still have to appreciate such skill, and the lone goal was enough in the end to secure the victory. 

Overall, Nakamoto had more possession, but Hoskinson had 19 shots on goal, as opposed to Nakamoto’s 10. A suggestion that once he was on the ball, Hoskinson was more definitive on where to put it.

>>The Crypto World Cup: Meet the Players!

Nakamoto was a worthy side, and the match was by no means a walk in the park. He had gotten so far and it is a bitter end to his Crypto World Cup journey. No doubt his flag will fly low in his home tonight.

We have our victor though! The man of the moment is Charles Hoskinson who flies to Moscow on Sunday!

Who will he face? It’s either Justin Sun or Charlie Lee. 

Game on!

Featured Image: Dnaindia.com

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Tron (TRX) Token Swap Finalizes, TRX Now Listed on Pornhub

Pornhub lists TronPornhub lists Tron

Tron’s main net launched on June 25th and has been running smoothly ever since, if slowly. The ERC20 TRX token swaps are manually being handled by each individual cryptocurrency exchange, and the process has taken much longer than previously expected. Plus, Pornhub lists Tron (TRX).

TRX Token Swap

Most of the larger cryptocurrency exchanges have completed the token swap. Bitforex was the first of the exchanges to complete the token swap on the 29th of June. Exchanges that have completed the swap and have resumed deposits/withdrawals of TRX include:

  • Bitforex
  • Binance
  • BJEX
  • Cobo
  • CoinEgg
  • CoinFalcon
  • Gate.io
  • HuobiPro
  • OKEx
  • Upbit

Most of all the major exchanges that investors trade TRX on are included in the list. However, it may take some time for some of these smaller exchanges to catch up.

Pornhub Lists Tron

Back in late June, Tron announced that TRX would be accepted on Pornhub.

The adult website now accepts Verge (XVG), ZenCash (ZEN), and Tron (TRX).

Tron (TRX) Price 

Despite all the changes and upgrades to the Tron network, its price has yet to reflect its progress.

Pornhub lists TronPornhub lists Tron
Source: CoinMarketCap

TRX’s price stagnancy may have been from the two weeks where most of the major exchanges didn’t allow withdrawals and deposits of TRX as the token swap was happening.

Still, most exchanges are now up and running, but there has yet to be a price spike. Binance announced its completion just hours ago, and yet TRX is in the red.

At press time, TRX remains the 12th largest cryptocurrency by its market cap and is trading at $0.0334 a coin, down -7.67%. For the month, TRX is down -33%, but in 90 days, the coin is only down -9.2%.

>> Google Co-Founder Sergey Brin is an Ethereum Miner!

Featured Image: Newsbtc

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Walmart’s Blockchain Project to Solve Online Delivery Complications

Walmart blockchainWalmart blockchain

Walmart blockchain: Delivery is one of the most challenging aspects of online retail and Walmart is determined to solve its delivery problems with blockchain.

Back on July 5th, the big box retailer headquartered in Bentonville, Arkansas was rewarded a blockchain patent that focuses on the scheduling and delivery of packages. The patent was originally filed back on January 3rd, 2017.

Delivery Hub

The patent talks of delivery hubs, very similar to Amazon’s lockers, which will use a public blockchain to determine available capacity and make reservations for delivery.

The information regarding which locker is available or not is recorded on a public ledger. Once the requests for the reservation is made, the ledger is analyzed to see if there is sufficient capacity available. If there is, a contract is executed to reserve the storage capacity for the online delivery. Once completed, the public ledger is updated.

In order to utilize a blockchain reservation platform, each delivery hub will become a node within the blockchain network.

The patent application reads:

“Updates to the blockchain may comprise transfer of capacity units into and out of the public ledger, and one or more nodes on the system may be configured to incorporate one or more updates into blocks to add to the distributed database.”

Delivery Solved

Amazon first introduced its ‘Amazon lockers’ a few years ago and are trying to solve the delivery pain points. Theft is a huge issue among online deliveries as most individuals aren’t home during the day when packages are delivered.

Often, if packages require a signature, you may be waiting multiple days before you can receive it as there are often communication issues between the customer and the delivery driver. Scheduling to pick up your package at a locker saves both time, money, and potential frustration. It’s a win-win for everyone, and Walmart has acknowledged that.

What do you think of the Walmart blockchain solution?

>> Bitcoin “Exists Because of the Abuses” – Nobel-Winning Economist Joseph Stiglitz Speaks Out

Featured Image: Depositphotos/© jetcityimage2

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Facebook Appoints Director of Engineering Blockchain

Director of engineering blockchainDirector of engineering blockchain

Director of engineering blockchain: Facebook has appointed one of its senior engineers Evan Cheng as its first “director of engineering blockchain”. 

The new position was confirmed by Facebook on Tuesday and signals the companies seriousness about the technology.

Cheng has previously been responsible for heading up Programming Languages & Runtimes at Facebook. Prior to that, he held a 10-year stint at Apple.

Describing himself as “an engineer and a technical leader” his social accounts also imply that he is an expert in blockchain and cryptocurrency; “day job – programming languages, runtimes, compilers; night job – blockchain, crypto.” 

Director of Engineering Blockchain

The new position is another confirming step that Facebook is easing up on its harsh stance regarding cryptocurrency and is eager to embrace the innovations of blockchain technology. Facebook CEO Zuckerberg has always been an avid admirer of the technology and spoke of his interest on multiple occasions.

However, in January, the company announced a complete ban of crypto advertising on its platform in light of regulatory uncertainties and “to protect its users” from fraudulent opportunists advertising fake ICO’s.

It has since (and only very recently) lifted its conditions surrounding the ban allowing certain types of crypto ads to be posted, suggesting a more lenient stance is emerging.

Also in May, Facebook launched a team to explore blockchain technology. Its long-time head of its Messenger platform and top-executive at Facebook-California, David Marcus, was appointed as head of this team. Marcus is reported to be joined by a few executives from Instagram, a company Facebook also owns.

The Future

Zuckerberg has been vocal about his interest in decentralized technologies. The idea behind his interest is obviously with a vision to apply it to Facebook. With this new appointment, will we see a decentralized Facebook using blockchain in the not-too-distant future?

>>Will Facebook Acquire Coinbase?

In light of some of the major privacy scandals the company has faced this year, a blockchain facebook may not only be “trendy” it may be very necessary in order to keep user-trust alive and well.

Without that, Facebook might slowly perish.

Featured Image: GoogleImages/TNW

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Switzerland’s First Trial Municipal Vote Using Blockchain is a Success!

Trial Municipal Vote using blockchainTrial Municipal Vote using blockchain

Yesterday saw a successful day in Zug — Switzerland’s “Crypto Valley”, as the city completed its first trial municipal vote using blockchain. The success was first reported by the Swiss News Agency.

Trial Municipal Vote Using Blockchain

The vote was held using a trial digital ID system; city authorities used this system since 2017 to issue digital identities to residents. Blockchain technology for governance has been a consideration in many jurisdictions for some time now.

A mobile app was used to place votes and also allowed for residents with digital IDs to give opinions on other city matters such as the inclusion “of fireworks at the annual Lakeside Festival, and whether they think digital IDs should be used to borrow books from the library or pay parking fees.”

An overall consensus on the use of the blockchain digital ID for future referendum voting was found as well, with the technology deemed as a massive success.

Voter Turnout

Though the digital ID system was successful, voter turnout was not. Head of communications for the city, Dieter Müller, was not too happy about the voter turnout stating that “The number of participants could have been higher,” and he hoped that more resident would have taken part; out of 240 total voters who registered, only 30 percent participated in the trial. 

Despite this, “the premiere was a success,” and moving forward there will be an assessment of the exercise’s technical details in the coming months. Focus on privacy and voting secrecy will be at the forefront of concern along with considering other uses the city can use the blockchain ID system including tax-returns and parking fee systems. Making the app more user-friendly will also be a consideration, as some voters who did take part in the trial had difficulty with the process.

>>Three Potential Cryptocurrency Hubs Around the World

Zug “Crypto Valley”

Zug is a cryptocurrency and blockchain hotspot. It is a small but bustling city outside of Zurich. It implements a very business-friendly taxation scheme along with favorable laws for business and as a result houses tens-of-thousands of companies earning the name “Crypto-Valley”. Currently, home to over 200 blockchain companies, it also is the home of Ethereum’s foundation.

Featured Image: DepositPhotos.com/Tzido

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Major European Banks Successfully Test Cross-Border Trades on IBM Blockchain Platform

IBM blockchain platformIBM blockchain platform

IBM blockchain platform: We.trade, a European blockchain trading platform, has just announced that it has completed its first live operations.

The platform was established by the major European banks Deutsche Bank, HSBC, KBC, Natixis, Nordea, Rabobank, Santander, Societe Gererale, and UniCredit. This consortium was put together to address the current issues many banks face with cross-border transactions.

Blockchain to the Rescue

We.trade is built on the IBM blockchain platform and is powered by Hyperledger Fabric. We.trade solution offers its customers a simple user-interface, new potential trading opportunities, and innovative smart contracts.

CEO of We.trade, Roberto Mancone, said:

“The we.trade platform is a live blockchain based trade platform. These transactions prove that we.trade is a robust and commercially viable proposition. We are delighted to have launched for the first time in the world, a blockchain based platform that enhances the overall customer experience when trading internationally. The next step will be getting buy-in from additional banks and their customers in Europe and further afield.”

Currently, we.trade operates in 11 European countries and is growing. The live transactions made within the past five days were between 20 different companies. Five of its partnered banks facilitated the trades, which signify the first commercially viable open account that uses blockchain technology.

We.trade Expanding

“These trade(s) represents a great example of traditional banks innovating to meet their clients’ needs by working with we.trade. Our bank wants to make cutting edge technology available to our customers when it comes to trading globally. We.trade is a trading solution that our customers need,” said CTO of Rabobank, Bart Leurs.

Currently, we.trade is available in the following counties:

  • Belgium
  • Denmark
  • Finland
  • France
  • Germany
  • Italy
  • the Netherlands
  • Norway
  • Spain
  • Sweden
  • the United Kingdom

The we.trade team plans on expanding to all countries within Europe and then will seek global banking partners from there.

>> Charles Hoskinson (Cardano) Suggests that Tron (TRX) Should Switch to Mantis

Featured Image: Depositphotos/© alexeynovikov

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Steve Wozniak Compares Blockchain to Dot-Com Bubble

Steve WozniakSteve Wozniak

Steve Wozniak is one of the biggest Bitcoin bulls out there. He has recently stated that he hopes Bitcoin will become the world’s global economy, siding with Twitter founder Jack Dorsey who has forecasted a similar occurrence for the coin:

I buy into what Jack Dorsey says, not that I necessarily believe it’s going to happen but because I want it to be that way, that is so pure thinking,” stated the Apple co-founder. Not only does he advocate for Bitcoin he has invested and sold some himself (and also got scammed by hackers too!)

And though, blockchain technology underpins Bitcoin and cryptocurrency in general, Wozniak has compared that hype to the dot-com Bubble warning that blockchain may be getting far ahead of itself in terms of capabilities. This feels slightly contrarian from one-half of the founders of the largest computer company in the world.

Wozniak Warns about Blockchain

Wozniak when speaking at the NEX conference in New York yesterday, told the conference that he still believe’s blockchain technology has the potential to change multiple industries — social media’s in particular — but he feels an issue is that many eager blockchain startups will inevitably over-promise and under-deliver: “a lot of the blockchain ideas that are really good by coming out early they can burn themselves out by not being prepared to be stable in the long run.”

This is very much a parallel between the development of the internet and the blockchain industry; hype and a snowball effect that may not deliver. In the late 90’s overly ambitious tech companies made far-reaching promises that caused the dot-com bust. If we are not careful blockchain could bring about similar results. 

Wozniak continued: “It was a bubble, and I feel that way about blockchain,” 

>>Malta is Becoming a Blockchain Powerhouse!

Blockchain

Blockchain has evolved from its first primary use — recording transactions on a digital ledger without a third party needed to verify the transaction. Now it’s technology is spreading across all kinds of industry from technology to social media’s to banking. Major firms such as the Industrial and Commercial Bank of China (ICBC), Facebook, Walmart and Apple itself have confirmed they have invested into blockchain research to further develop their business. Of course, there are many more and that list is growing.

Steve Wozniak is a popular figure in the world of technology and his endorsement into Bitcoin and his own personal experiences with it make him a reliable voice for many. However, I don’t believe his concern over blockchain will stop any eager hot-headed business folk from jumping on the bandwagon.

Afterall, Wozniak survived the dot-com bubble himself, didn’t he?

And then some. 

Featured Image: DepositPhotos.com/toxawww

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Blockchain Patent Filed for a Digital Currency Wallet by the People’s Bank of China

People's Bank of ChinaPeople's Bank of China

The People’s Bank of China (PBoC) has just filed a new blockchain patent for a digital wallet. The Digital Currency Research Lab wants to build a wallet that allows users to track their transactions.

The application was submitted through China’s State Intellectual Property Office (SIPO) on Friday, June 22nd. The new patent filed outlines the proposal of a digital wallet that would be used to track transaction data. The new app would be in coordination with the official, centralized digital currency issuance registration agency.

Like any of the wallets on the market, it will have multi-signature security and secure the cryptocurrencies using public and private keys.

>> EOS Ranked #1 in China

Blockchain Forward PBoC

This new patent is a long-term vision for blockchain technology integration for China’s central bank. Despite its government’s hardline stance on cryptocurrency and crypto mining, PBoC remains forward-thinking.

The bank is extensively investigating the innovative technology’s benefits to its current systems. Banks around the world have as gone as far as creating new sectors within their company to explore blockchain. PBoC is most likely wanting to keep up with what the other global leading banks are doing and don’t want to fall behind.

Zhou Ziaochuan, governor of PBoC, told the media that digital currencies would diminish the need for cash and it is “inevitable.” The governor stressed that his company is to remain diligent and should try and control the “unpredictable effects” of certain applications made on the blockchain.

Earlier this month, the PBoC revealed a new blockchain-powered project that has smart contract functionality that is designed to tokenize paper checks. Something that is revolutionary to the banking system and something not many banks are currently exploring.

Despite its hard stance on crypto, in 2017, China filed more blockchain technology patents with the World Intellectual Property Organization than any other country in the world.

Featured Image: Hacker

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Switzerland: Blockchain will “Penetrate Our Entire Economy”

Blockchain in SwitzerlandBlockchain in Switzerland

Blockchain in Switzerland: It seems that blockchain technology is expected to infiltrate Switzerland’s economy even more-so. Already, the Alpine nation has been known as quite the hot-spot for all things cryptocurrency. But this time it seems that the technology behind blockchain specifically, allows for a real push in technological advancement for the nation.

Johann N. Schneider-Ammann on Blockchain in Switzerland

At the Crypto Valley Conference in Bern, Swiss Federal Councillor Johann N. Schneider-Ammann, stated:

“Hardly anyone still doubts that blockchain will penetrate our entire economy.”

A transcript from the event was published by the Federal Department of Economic Affairs, Education and Research today, June 21. Schneider-Ammann is one of seven of the countries collective heads of state.

He furthered: “We need to put even greater emphasis on digitalization and technology in schools. We need more IT specialists (not to mention Blockchain experts). And we need more research projects and professorships in this field.”

It seems the reason for his surety lies in the technological advancement blockchain would mean for the country. Though much is still to be discovered about the technology, its educational benefits will be a “decisive factor” for its implementation. 

What’s So Hot About Switzerland?

Switzerland is already known as quite the hot-spot for business and in more recent years; crypto-related business. It has also been somewhat ahead of the crypto-game: Zurich (the nation’s Capital) set up its first Bitcoin ATM four years ago (before 2017’s massive popularity surge), its national rail company has since 2016 allowed the purchase of virtual currency at over 1,000 distributors across Switzerland and according to financial watchdog Finma, in 2017 six of the world’s biggest ICO’s ever took place. Four of those were in Switzerland. 

And then there’s Zug.

Zug is a small city outside of Zurich, which has a very business-friendly taxation scheme and as a result houses tens-of-thousands of companies inclusive of the famous “CryptoValley”. It is currently home to over 200 blockchain companies including Ethereum’s foundation. Zug has also since 2016 accepted Bitcoin payments for council services and its first blockchain-based municipal vote is expected to happen very soon (June 25-July 1 more specifically). 

So it’s clear that Switzerland has been highly supportive of the cryptocurrency sphere and the technology that underpins it – blockchain. 

>>Buying Crypto on Foreign Exchanges? Better Tell the IRS

It’s not all fun and games though. Schneider-Ammann is aware that moving forward in such a space, requires diligent regulations and the need for a “Blockchain Task Force” spear-headed by himself:

“But just to be clear, a good economic framework doesn’t mean giving carte blanche! Abuses must also be consistently prevented in the new digital world. And businesses need legal certainty. Otherwise, investment will be withheld.”

Who’s to know what the future will bring for blockchain in Switzerland. It seems the country and the technology will be moving in the right direction. 

Featured Image: DepositPhotos.com/swisshippo

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Victims of the Latest MyEtherWallet Hack: Hola VPN Users

MyEtherWallet hackMyEtherWallet hack

It’s only been four months since the last MyEtherWallet hack, but the crypto wallet platform is at the center of yet another security breach. This time, however, the breach involves the Hola VPN.

As a result, if you use Hola’s Chrome extension, MyEtherWallet has warned that you should move your funds to a new account. 

MyEtherWallet Hack: What We Know

Yesterday, hackers compromised the Hola VPN service for roughly five hours. In that time, the crypto wallets of Google Chrome users may have been compromised.

Why? Because they had the Hola extension installed on their computers. By having the extension, hackers were able to log the activity of those users. 

Immediately, MyEtherWallet took to Twitter to provide a statement, urging its users to transfer their funds – if they still have access to them, that is.

For those who don’t know what the Hola VPN is, it is a virtual private network service. 

Note that the breach is technically over, but, that doesn’t mean it’s necessarily over for those involved. 

A New Account Equals More Transaction Fees 

Over or not, it’s important for Hola Chrome extension users to transfer their funds, just in case the hackers return. 

However, this isn’t exactly a quick fix. Opening a new account and moving their funds will ultimately cost these users transaction fees. Fees that they wouldn’t have had to pay if the MyEtherWallet hack didn’t happen.

Is MyEtherWallet to Blame for the Latest Breach?

The short answer is no. The long answer is not really, but considering this is the second major MyEtherWallet security breach in less than three months, I would say the Ethereum wallet interface could improve on a few things, security-wise. 

That being said, MyEtherWallet said that MEW developers had no control over the incident. As a result, they warned their uses, in hopes of preventing any further harm. 

Speaking of Ethereum 

On the subject of Ethereum, how is the coin doing on the market today?

The answer to that is not so good. At press time, Ethereum (ETH) is selling for $440.64. This means the coin is down 9.27% in the past twenty-four hours.

MyEtherWallet hackMyEtherWallet hack
Source: CoinMarketCap

The Takeaway

MyEtherWallet has been subjected to scrutiny over the past few months, particularly by the founder of 8chan, Frederick Brennan.

Though the actual number of those affected by the MyEtherWallet hack has yet to be disclosed, the wallet is likely to receive a lot of flack over this. 

What do you think?

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