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Binance Mines More Bitcoin SV Than Bitcoin And Bitcoin Cash

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Binance, a prominent cryptocurrency exchange has been behind 13.19 percent of the Bitcoin SV network’s hash power. This has left several in the community surprised as CEO CZ had previously condemned Craig Wright as well as the Bitcoin SV network. 

Bitcoin And Bitcoin Cash Take The Back Seat

Malta-based cryptocurrency exchange, Binance has been one of the most promising platforms in the industry. CEO, Changpeng Zhao has made sure to retain Binance’s position in the headlines by releasing an array of developments on the platform. In the past few years, the platform has been eyeing at global expansion as it has been venturing into several different countries. Additionally, the exchange remains on top of the list in CoinMarketCap’s ‘Top Cryptocurrency Exchanges.’

BinanceSource

In most recent updates, it was revealed that the Binance Poll was responsible for holding about 13.19 percent of the hash power of the Bitcoin SV network. Binance was fourth behind other mining pools that held 28.47 percent, Huobi with 18.06 percent, and SVPool with 15.97 percent. This still put Binance as one of the largest hash power holders of the Bitcoin SV network.

BSVSource

This did come off as surprising to many as Binance’s Changpeng Zhao was quite vocal about his stance towards the Bitcoin SV network. About a year ago, CZ denounced Craig Wright for claiming to be Satoshi and even went on to delist the coin from the cryptocurrency exchange. He tweeted,

“Lastly, anyone who supports BSV from a tech perspective should be attacking the fraudulent Craig Wright, who is poisoning YOUR community, and not attack the rest of the world.

Anyone thinking CW is Satoshi should read about how a private key works, ie, learn about crypto.”

Further citing that the altcoin had no longer met the required level of standards or the industry changes, Binance delisted BSV on 22 April 2019.

Binance Pool was also seen in other networks including Bitcoin and Bitcoin Cash. However, the platform held petite hash power in both these networks. As seen below, Binance was responsible for just 2.08 percent of the hash power of the Bitcoin Network making it one of the lowest on the list.

BitcoinSource

The Bitcoin Cash network on the other hand had the Binance Pool responsible for holding  6.94 percent of its hash power.

Bitcoin CashSource

Several in the crypto community speculated that Binance may be steering towards the Bitcoin SV network. However, they also suggested that CZ would never openly admit to the same.

Binance Mines More Bitcoin SV Than Bitcoin And Bitcoin Cash
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Binance Mines More Bitcoin SV Than Bitcoin And Bitcoin Cash
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Binance, a prominent cryptocurrency exchange has been behind 13.19 percent of the Bitcoin SV network’s hash power. This has left several in the community surprised as CEO CZ had previously condemned Craig Wright as well as the Bitcoin SV network. 
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Coingape is committed to following the highest standards of journalism, and therefore, it abides by a strict editorial policy. While CoinGape takes all the measures to ensure that the facts presented in its news articles are accurate.
Disclaimer The views, opinions, positions or strategies expressed by the authors and those providing comments are theirs alone, and do not necessarily reflect the views, opinions, positions or strategies of CoinGape. Do your market research before investing in cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.

Author: Sahana Kiran

Sahana Kiran is a graduate in Political Science, Economics and Journalism. She is a full-time crypto writer at CoinGape and takes a keen interest in cryptocurrencies, especially Ethereum and Bitcoin. Even though she’s not a HODLER yet, she has eyes on Bitcoin.

Source: https://coingape.com/binance-mines-more-bitcoin-sv-than-bitcoin-and-bitcoin-cash/

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Bitcoin-Themed NFT Card Set Launches On Anniversary Of Satoshi’s White Paper

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Bitcoin-Themed NFT Card Set Launches On Anniversary Of Satoshi’s White Paper

Bitcoin Origins, a series of non-fungible tokens based on the history of Bitcoin, will officially launch on October 31 at 10:31 AM PT. With the goal of creating awareness about Bitcoin, the highly scarce NFT collection will highlight the most significant moments in Bitcoin’s history. Bitcoin Origins has partnered with amazing artists to recreate at least 15 moments in Bitcoin history. Today marks the release of Moment 1, the Whitepaper Creation, with more to come.

“Bitcoin and every other crypto has a marketing problem,” said Jeremy Born, CEO of CoinGenius and co-founder of Bitcoin Origins. “NFTs are a way to solve that and help push the mass adoption of Bitcoin. We’ve created unique artistic assets with an educational dimension to arm people with the knowledge about why bitcoin was created, why it exists, and why it will thrive and flourish.”

When it comes to Bitcoin Origins, it’s all there: Satoshi’s whitepaper, the genesis block––you name it. Each moment will be a little bit different. Each new card will be released as its own block. The first release is a 1MB block containing one card and the chance of receiving a bonus “Death Card,” which pays homage to the exaggerated reports of Bitcoin’s demise. There will also be 2MB and 4MB blocks for purchase which will become available once the 1MB block is fully mined (sold out).

Paul Jenkins saw the potential in Bitcoin and artwork surrounding the world’s first digital currency, and so he joined the Bitcoin Origins team. Jenkins, who shaped many of the characters which helped lift Marvel Comics from Chapter 11 Bankruptcy, sees NFTs as a new medium for storytelling.

“Bitcoin Origin is not just a history of Bitcoin––it’s a game,” said Jenkins. And the value is in the community. That is what made Bitcoin work: the value was in people’s perception of it. With Bitcoin Origins and NFT, we’re breaking new ground. There are new ways we can tell stories, and NFTs are a new form of storytelling.”

Said Born: “This is about the artistic nature of the piece. People hold these at high value, because it is a very scarce and limited set and is truly like holding a piece of Bitcoin history.”

Anyone can join the Bitcoin Origins story and play for free and receive a free NFT by simply filling out this form.

About Bitcoin Origins

Bitcoin Origins is an exclusive collection of digital collectible cards immortalizing the most significant moments in Bitcoin history. These cards are intended for Bitcoin fans around the world who want to own a rare piece of Bitcoin history. You can join the community now on Telegram (https://t.me/BitcoinOrigins) and stay up to date at BTCOrigins.com.

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TRAMS DEX Propels Global Adoption of DeFi with Automated Market Maker (AMM) protocol

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TRAMS DEX Propels Global Adoption of Defi with Automated Market Maker (AMM) protocol, as Industry Leader VIP Guests, Global Participants, and Management Team concludes Webinar Session Marking a Successful First-Phase Launch.

 

VIP Speakers Unanimously Acknowledge Perfect Market Timing of TRAMS DEX in Decentralized Finance Industry, High Industry Growth Factors, Following 2 Hour-Long Launch Session.

The TRAMS DEX founder and senior management team today concluded a high-impact webinar session as an official launch of its Automated Liquidity Provider protocol, the first of three phases for TRAMS’ Decentralized Finance Business. Industry leader VIP guests and participating members pledge support for open finance and Defi for creating more access to financial products at much lower costs to anyone on demand.

The launch took place in District Singapore, Republic Plaza 9 Raffles Place with a Zoom Webinar hosting a global Defi community and TRAMS DEX protocol members/users community. The discerning VIP panels and participants from ranging continents stencil the much-needed change in the financial sector especially in traditional banking plagued with corruption and scandals where only a small closed and selected groups are the main beneficiaries.

The webinar introduces the protocol with its open finance principles and guides participants into the operations with these key points: TRAMS DEX is one of three key operations from the TRAMS ecosystem with the main operating principle of Decentralized Finance (Defi). TRAMS DEX is an Automated Liquidity Provider that enables better and faster user interactions with digital assets. With the innovation of the Automated Market Maker (AMM) solution, traders can easily exchange digital assets at any time with guaranteed market supplies from the liquidity pool without giving up the custody of their digital assets. As a decentralized exchange, TRAMS DEX is able to create open access opportunities for participation without discrimination and any controlling institution barrier.

At TRAMS.io, anyone with an Internet connection and a Web 3.0 wallet can gain access to liquidity where otherwise would be ineligible through traditional finance or banking. TRAMS DEX operates a Decentralized Exchange that offers three (3) impactful functions with a minimal user interface designed for clear navigation.

The first function, global liquidity access or buyable, sellable, or tradable market access. Users of the protocol can easily gain access to “constant” liquidity with a simple crypto assets swap function at a minimal cost of 0.3% transaction fee. Direct wallet connections are automated as well with a few simple clicks. All transactions are secured with blockchain encryptions and conducted on-chain with transaction data records automatically recorded for open access viewing on Ether can in real-time.

The second function, make money from idle assets. TRAMS DEX creates a money-making model for liquidity providers (LPs) on the platform. By supplying idle crypto assets to any pools listed on the protocol, the LP earns a profit share generated from the swapping fees on TRAMS DEX. The liquidity provider profit sharing is proportional to contribution. Profits are calculated at least once every twenty-four hours (24 hrs). True to open finance principles and Defi, participating LPs can withdraw their contribution at any time without any fee or penalty.

Thirdly, earn a high passive income. The TRAMS DEX incentive model lets participants earn high passive income in the form of yields, calculated in APY% (annual percentage yield), simply by staking (or depositing) its native token (TRAMS) on the platform. This encourages participants to remain active on the platform and better maintains constant liquidity reserve. This translates to double benefits for participating LPs, more profits are added on-top of the profit-sharing earning from staking LP tokens on TRAMS DEX.

TRAMS DEX is accessible constantly 24/7 to anyone globally. All associated costs of operations are kept very low and precise by utilizing automated smart contracts and AMM trading algorithms for trade executions and operations. Compared to traditional financial institutions and banks, TRAMS DEX provides better, cheaper, more accurate services.

Bryan Feinberg of Plato Data Intelligence, the Founder/CEO of Etheralabs, commented from New York City via Zoom video call with the support of blockchain as the fundamental architecture of TRAMS DEX and Defi space which offers high data security and transaction transparency for users. As a member of the Blockchain Venture Advisory, he believes Decentralized Finance such as TRAMS DEX has a high adoption rate and direct use case for blockchain applications.

Mamadou Toure, Forbes 10 Most Influential person in Africa and President/CEO of Ubuntu Capital Group, tributes TRAMS DEX for providing access channel to liquidity where traditional banking and capital access are limited to non-existent. He further acknowledged the opportunities TRAMS DEX would create for users world-wide to easily finance business initiatives.

Victor Kong, CEO of VK Capital Digital Funds Pte Ltd endorses William Tien, TRAMS DEX’ Founder/CEO, for his vision and ambition in creating a Decentralized Ecosystem starting with TRAMS DEX following by TRAMS Finance and TRAMS Assets, for phase 2 & 3, respectively, as an alternative to private equity funds for real estates and infrastructure projects with a portfolio size of 1-10 million USD. TRAMS DEX removes the high barrier to entry by drastically reducing mandatory due diligence costs of raising capital, which remains the same as a 50 million USD project. He also credits the intention of listing the ecosystem, TRAMS DEX included, on the London Stock Exchange via reverse IPO within 3-6 months.

 

 

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Self-Sovereign Decentralized Digital Identity

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Time & Date: Wednesday, Nov 4th, 2020
8:30 AM Eastern Standard Time

Speakers: Marco Aniballi (BlockBlox)
Luke Stokes (FIO, EosDAC)
Alex Puig (Caelum Labs)
Gordon Einstein (CryptoLaw Partners)
Sander de Bruijn (Crypto Entrepreneur)

Zoom Info: https://zoom.us/j/89200977541

 

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