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Building Blockchains the Easy Way – An Introduction to Substrate

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Substrade

Learn how Substrate, the blockchain development framework, makes it easy to encapsulate your domain-specific logic in just a few lines of code and include it in a running blockchain in about 30 minutes. 

In this live technical workshop, you will learn how Substrate and its meta-framework “FRAME” makes it easy to build a custom blockchain that comes fully loaded with best-in-class cryptographic algorithms from the researchers at the Web3 Foundation.

Topics will include: the “Substrate and FRAME way” of thinking about blockchains, how to use FRAME to write custom blockchain logic in just a few lines of code, how to use Polkadot JS Apps UI and other ecosystem tools to interact with a Substrate-based chain, the Substrate-based chains that Parity hosts and how they can be used as developer resources.

Who should attend: Blockchain developers who want to learn about the technical advantages of using Substrate for their blockchain solutions. No previous experience needed!

Speaker: Dan Forbes, Developer Advocate, Parity Technologies

Agenda (1 h):
– Welcome to Substrate (15 min)
– Workshop – live content (30 min)
– Q&A (15 min)

Substrate comes with everything you need to build your blockchain. By using Substrate’s pallets you can easily create what you want, or craft your own custom logic. Either way, Substrate makes building a blockchain far faster, easier, and safer than ever before.

Register HERE..

Source: https://www.blockchaineventslist.com/building-blockchains-the-easy-way-an-introduction-to-substrate/

Blockchain

A $15K Bitcoin Likely As Price Breaks Above “Multi-Year Bullish Triangle”

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Bitcoin expects to hit a $15,000 valuation in the coming sessions, says full-time futures trader Adam Mancini.

The Twitterati stated earlier Monday that BTC/USD closed above a “multi-year bullish triangle” by almost $2,000. The pair’s giant move above the “continuation pattern” increased its likelihood of testing short-term breakout targets, beginning with $15,000. Mr. Mancini said Bitcoin could extend its upside towards $24,000, as well.

“[The cryptocurrency] may be the new kid on the block but the same old classic patterns that apply to all financial assets still apply,” he tweeted. “[The] trend is up with 15k next target.”

bitcoin, cryptocurrency, btcusd, xbtusd, btcusdt, crypto

Bitcoin is likely to continue in the direction of its previous trend after breaking above the Triangle pattern. Source: TradingView.com

The statement appeared after Bitcoin secured its $12,000-price target during the early Asian Monday session. The cryptocurrency’s jump took place despite growing worries about a price correction, showing that traders chose to favor its long-term fundamental outlook over its technically overbought conditions.

The sharp bullish move followed a relatively quiet weekend. It also coincided with a drop in Chinese stocks as investors assessed the latest US sanctions targeting China, including a punitive action on Carrie Lam, Hong Kong’s leader. China’s CSI 300 fell 0.8 percent while Hong Kong’s Hang Seng plunged by 1 percent.

Inflation Woes

Bitcoin’s upside move also appeared as Morgan Stanley warned about a “burst of inflation” in the US. The Wall Street bank’s equity strategist, Mike Wilson noted the Federal Reserve’s aggressive fiscal and monetary response to the COVID crisis pushed its M2–a benchmark measure of US money supply–to its record high.

“While we are likely to experience big imbalances in the real economy for several more quarters, if not years, the most powerful leading indicator for inflation has already shown its hand — money supply, or M2,” he told FT.

FRED, money supply us, us dollar, inflation

US Money Supply M2 surged dramatically after the Fed’s open-ended stimulus policy launch in March 2020. Source: FRED

Mr. Wilson added that fears of inflation would end up sending investors into risk-oriented assets, such as equities.

The concerns are already reflecting in the US Treasuries. Interest offered on buying the benchmark 10-year US bond has dipped to near zero. Adjusted per inflation, the real yields lately crashed to minus 1 percent.

Gold, which is considered the second-best to bonds, has surged to its all-time high, meanwhile. The precious metal went above $2,000 an ounce for the first time – logging a 36 percent rise on a year-to-date timeframe.

Bitcoin Demand

So it seems, Bitcoin, whose economical properties resembles that of gold, is playing catch-up with the safe-haven asset. Its scarcity against the unlimited US dollar supply has earned it the tag of “digital gold.”

bitcoin, cryptocurrency, btcusd, xbtusd, btcusdt, crypto

Bitcoin hits $12,000 in the early hours of the Monday session. Source: TradingView.com

Its break above a technical Triangle range certainly points towards an increase in adoption. Ronnie Moas, the founder of Standpoint Research, noted that the cryptocurrency is attracting large buy orders, adding:

“11 years into the #bitcoin timeline, we’ve reached an Inflection point where the likelihood of large (institutional). BTC orders are coming in to Buy are more likely than large orders coming in to Sell. Remember it took ~10 years for paper checks and credit cards to go mainstream.”

Mr. Moas expects Bitcoin to hit $26,000 by 2021.

Source: https://bitcoinist.com/a-15k-bitcoin-likely-as-price-breaks-above-multi-year-bullish-triangle/?utm_source=rss&utm_medium=rss&utm_campaign=a-15k-bitcoin-likely-as-price-breaks-above-multi-year-bullish-triangle

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Ethereum Classic Under Multiple 51% Attacks | Bitcoin News Summary Aug 10, 2020

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Ethereum Classic has suffered its second 51% attack in less than a week, bringing the ongoing security of the network into question. During the attack, the offending miner managed to double-spend $5.6 million worth of ETC after spending only $200,000 to acquire the hash power for the attack. The ETC team was advising its clients to halt interactions with the network while corrective steps were taken.

The US branch of global cryptocurrency exchange, Binance has halted all trading and orders following an incident. CEO Catherine Coley tweeted, “Your funds are safe” and she added that the incident was not a hack. In a later update Binance.US clarified, they noticed an error that was not allowing users to see their orders and they didn’t want users trading blindly. 

$1.4 million in BTC and ETH was stolen from Spanish crypto firm, 2Gether. The firm stated that it won’t be able to rapidly repay all its users, whose pooled funds were stolen. 2Gether, which provides wallet, exchange, and crypto payment card services, has drawn up a plan involving the issuance of new tokens to affected customers.

The Xapo crypto custody and card service, the second biggest identified holder of Bitcoin, transferred nearly 100,000 BTC. Bitcoins worth over $1.1 Billion were transferred for a fee of only $3.55.The funds were moved to what is now the third-largest Bitcoin address by value.

Before we conclude, this week’s Bitcoin quick question is: can I store multiple altcoins on a hardware wallet? The answer is yes, although which altcoins you are able to hold depends on the hardware wallet you choose to use.

The most popular hardware wallets are Trezor and Ledger. Ledger, for example, is known to support a wide variety of altcoins on both of their models, the Nano S and the newer Nano X. Trezor, however, does not support popular altcoins like XRP, Cardano, EOS or Monero on its popular Trezor One model. It does, however, support them on their advanced Model T.

The important thing to confirm when choosing your hardware wallet is that it supports Ethereum-based tokens, as it is the most popular platform for developers to create their token.

For a complete comparison of hardware wallets, including altcoin support, visit the link in the description below.

Have a question you want us to answer? Just leave it in the comment section below. And if you want to support our videos, consider using the Brave browser for faster, ad free browsing that can also earn you rewards. Just visit the link in the description below.

That’s what’s happened this week in Bitcoin. See you next week.

Source: https://99bitcoins.com/bitcoin-news-summary-aug-10-2020/

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Number of Bitcoin Cash Whales Drop Following 39% Price Surge

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Following a 39% price surge at the end of July, at least 10 Bitcoin Cash whales have left the network, possibly trading or selling their millions in holdings. 

According to Crypto Twitter user Ali Martinez, data from analytics site Santiment shows the number of investors holding between 10,000-100,000 Bitcoin Cash (BCH) — roughly $3-30 million — has fallen by 10 since Aug. 1. The drop comes after the token surged 38.7% from $224.46 on July 17 to a three-month high of $311.34 on July 31, implying that a number of whales could have sold their holdings.

BCH continues to be the fifth largest crypto asset by market capitalization at $5.6 billion, with Chainlink (LINK) trailing at $4.6 billion. At the time of writing, Bitcoin Cash is trading at $307.84, having risen 3% in the last 24 hours.

Adjustments to BCH difficulty algorithm

Bitcoin Cash uses the SHA256D algorithm — the same as that used by Bitcoin. However, its hashing power is less than 5% of that of Bitcoin, which has sometimes left it vulnerable to a 51% attack.

In response, the BCH community has floated changing the algorithm as part of the network’s November upgrade. Cointelegraph reported on Aug. 7 that developers have worked out a compromise between two proposed solutions. The network will implement the ‘Aserti3-2d’ difficulty adjustment proposed by lead BCHN maintainer Jonathan Toomin, and an infrastructure funding plan.

Source: https://cointelegraph.com/news/number-of-bitcoin-cash-whales-drop-following-39-price-surge

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