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Ethereum Istanbul Hard Fork Get Support From Major Crypto Exchanges

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Ethereum Istanbul Hard Fork Get Support From Major Crypto Exchanges

Following the successful Ethereum Istanbul hard fork update, several popular exchanges have announced their official support for the network upgrade.

Yesterday, on Dec. 7, the Ethereum’s network saw ample collaboration between node operators and miners to update the software to support the Istanbul hard fork.

Some crypto exchanges even sounded their willingness to update a few days prior to the scheduled hard fork.

A widely supported hard fork

Notably, Binance announced support for the upgrade on Dec. 5 and the day afterwards its U.S. subsidiary did the same. Coinbase also tweeted yesterday that Ethereum and ERC20 deposits and withdrawals have been resumed on its trading platforms and the node upgrade has been completed.

The website dedicated to reporting the state of Ethereum support of crypto exchange Kraken also suggests that the firm has undergone scheduled maintenance to update the nodes. While the Poloniex exchange has announced their support on twitter.

Bitfinex, the cryptocurrency trading firm with close ties to stablecoin operator Tether, also announced on Dec. 6 that it planned to support the hard fork.

Overall, the hard fork has seen widespread adoption by the community and not major negative events have been reported. This hard fork also included the previously discussed Muir Glacier hard fork, meant to address the so-called Ethereum Ice Age.

Published at Mon, 09 Dec 2019 00:00:00 +0000

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Forget Bitcoin! Analysts think you should watch this ASX share in 2020

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Bitcoin and blockchain technology have been heralded as key disrupters of the finance sector. Investing in disruption technologies can be extremely risky with variable investment returns and profitability.

Last week, analysts from corporate advisory service Moelis Australia initiated a buy rating on a disrupter in the personal lending market. The company in question is WISR Ltd (ASX:WZR) and here’s why analysts think it has great potential for 2020 and beyond.

What does Wisr do?

Wisr is Australia’s first neo-lender that has a major focus on consumer financial wellness. As an online lender, Wisr boasts an innovative business model and unique distribution channels that allow the company to attract consumers. 

The personal lending sector in Australia is worth approximately $50 billion and Wisr aims to disrupt the market by providing consumers with fairer credit programs and data driven platforms. Wisr aims to nurture a financial wellness culture by providing consumers with innovative finance products and the Wisr app that helps users pay down debt. The company also boasts the country’s only credit score comparison service through WisrCredit.com.au

How has Wisr performed?

Wisr has had a positive start to 2020 with the company’s share price up more than 35% since the start of January and has returned more than 466% in the past 12 months. Earlier this month, Wisr provided shareholders with an update on the company’s performance in the second quarter of FY20.

For the second quarter, Wisr reported a record 36% growth in quarterly loan origination of $163.8 million to 31 December 2019. According to management, the performance in the second quarter shows that Wisr can grow its core lending business whilst also focusing on consumer wellness.

Bullish note

Analysts from Moelis Australia released a bullish note regarding their outlook for Wisr and issued a $0.28 share price target. Wisr’s performance in the second quarter for FY20 was cited by analysts as an indicator of further acceleration in volumes. As a result, Wisr’s revenue estimates for FY20 were revised 7.8% higher to $8.9 million for FY20.  

According to analysts, Wisr’s commercialisation of new distribution channels and personal loans is still in its infancy. Analysts see further upside in loan volumes for Wisr as the company looks to take advantage of the large opportunity provided by the personal lending market.

Foolish takeaway

The Royal Commission into banking and lending, alongside the advent of open banking and positive credit reporting has presented Wisr with a large and addressable market opportunity. The focus on consumer wellness follows in the footsteps of companies like Afterpay Ltd (ASX:APT), which operates in the buy-now, pay-later sector.

Analysts from Moelis have provided excellent research on Wisr, however a bullish note should not prompt investors to automatically buy shares in the company. In my opinion, Wisr is well poised to take advantage of a large market opportunity and it is exciting to see disrupters focused on consumer wellness.

The Wisr share price is currently trading near all-time highs and if the company can continue to grow loan volumes there should be further upside. I think a prudent strategy would be to keep Wisr on a watchlist and wait for price action to confirm before making an investment decision.

If you don’t like the volatility of disruptor stocks like Wisr, here are 3 stable, dividend stocks you could buy instead. 

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Nikhil Gangaram has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of AFTERPAY T FPO. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Source: https://www.fool.com.au/2020/01/26/forget-bitcoin-analysts-think-you-should-watch-this-asx-share-in-2020/

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Crypto Tidbits: Elon Musk Talks Bitcoin, Ripple IPO Coming, Facebook’s Blockchain Loses Another Member

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Another week, another round of Crypto Tidbits. The past week hasn’t been too good for Bitcoin, Ethereum, and their ilk, with the leading digital assets losing around 7% apiece since our last update. As of the time of writing this article, BTC is trading for $8,350, failing to maintain the over $9,000 prices seen last week.

Despite the negative price action, the past 7 days were arguably extremely positive for the cryptocurrency and blockchain space, with there being a flurry of developments that could eventually boost this market.

Related Reading: Crypto Tidbits: Bitcoin Hits $9,000, Institutional Cryptocurrency Investment Spikes, NBA Team Uses Ethereum

Bitcoin & Crypto Tidbits

  • Tesla’s Elon Musk Talks Bitcoin and Crypto Again: While Elon Musk is known not to have a large stake in Bitcoin or cryptocurrency, when he talks about this industry, people listen. This week in an episode of the Third Row Tesla Podcast, the Telsa and SpaceX CEO shared his thoughts about digital assets. Starting his train of thought first with “clever” to “What did you think of Satoshi’s white paper?,” the Tesla visionary said that there are obviously Bitcoin transactions not made in “the balance of the law.” Musk did, though, say that he sees “crypto as effectively a replacement for cash,” yet made it clear that he doesn’t expect a digital asset to become “the primary database.”

  • Fintech Company Square Backs the Lightning Network, a Bitcoin Scaling Solution: This week, the crypto-centric division of the fintech giant Square released its first product: the Lightning Development Kit (LDK). The LDK, the post indicates, will allow wallet developers to create “custom” integrations of the Network in an “easy, safe, and configurable way” through an API, demo apps, and other technical tools. Essentially, it allows Bitcoin software developers to more easily integrate the Lightning Network, a second-layer scaling solution that effectively migrates some transactions off the main chain to allow for lightning-fast, effectively free, and cross-chain transfers.
  • Square Bags Key Patent for Crypto, Fiat Transactions: Speaking of Square, the company just was awarded a crypto-related patent. This patent outlines a system that will allow fiat to be rapidly converted into “non-fiat” instruments, with the document mentioning the word “Bitcoin” and “cryptocurrency” (and Ethereum, too) on a number of occasions. The network and technology defined in the patent could theoretically enable seamless crypto-to-fiat and fiat-to-crypto transactions, potentially mitigating the volatility element in Bitcoin transactions that makes them unviable.
  • Ripple CEO Announces Intent to Issue IPO… Eventually: This week, Brad Garlinghouse, CEO of Ripple Labs, and many other of the world’s executives descended on Davos in Switzerland to talk finance. During a Wall Street Journal event, the leading Ripple executive said that he believes in the next 12 months, “you’ll see initial public offerings in the crypto/blockchain space.” Garlinghouse, touching on the long-held sentiment that Ripple will eventually issue shares on the public market, said that “We’re not going to be the first and we’re not going to be the last, but I expect us to be on the leading side… it’s a natural evolution for our company.” In the same interview, he said he sees value in Bitcoin as a store of value, but not as a medium of exchange.
  • Japanese Government Working On Digital Currency: Reuters reports that a parliamentary group comprised of 70 Liberal Democratic Party lawmakers is looking to issue a national digital currency.
  • Facebook’s Crypto Project Libra Loses Vodafone: Facebook’s Libra blockchain project just lost a partner in Vodafone, a primarily British telecom provider. “We have said from the outset that Vodafone’s desire is to make a genuine contribution to extending financial inclusion,” a spokesperson said, seemingly trying to show that this move was not made in ill intent to the goals of financial inclusion.
Featured Image from Shutterstock

Source: https://www.newsbtc.com/2020/01/25/crypto-tidbits-elon-musk-talks-bitcoin-ripple-ipo-coming-facebooks-blockchain-loses-another-member/

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Show HN: An educational blockchain written in Go

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Ditto is a distributed Ledger inspired by the Ethereum Project. I must say the name is a bit misleading, as Ditto is, unlike IOTA, not a tangle, but rather a chain of nodes.

Seriously, another Blockchain?

YES, Blockchain is awesome, and we cannot have enough of them. I have started this project with the intention to learn the more advanced concepts of Blockchain development as well as to share my approach of a simple blockchain, to give newcomers to this field an overview of the internals of a blockchain, without needing to dig through a huge codebase full of bloat and complex abstractions. In the following chapter I will guide you through the installation of the blockchain server, so you can follow along with the code. If you otherwise know what to do with the source code, go ahead and compile your own server!

Installation

To run a Ditto Node, Docker must be installed on the Machine. Get Docker here!

After installing Docker, open a command prompt and run the following command to download and run the latest container image of the project

docker run -p 42000:42000 garritfra/ditto:latest

Open your Browser and navigate to http://localhost:42000.

Voila, your personal Blockchain! Your JSON Response might look something like this:

[ { "Timestamp": "2018-11-28T21:44:25.1737195Z", "Hash": "00000f1908e761bc6cf8088aa8e50bb254221fe191fb3d91ac04ca1ab3da2847", "PreviousHash": "0", "Data": [], "Nonce": 107703 }
]

Interacting with your blockchain

The REST API currently exposes these Endpoints:

Method Route Description
GET / Get full blockchain
POST / Add pending transaction
GET /mine_block Mine a block with all pending transactions
GET /is_valid Check, if the chain has any faulty blocks

Decentralizing your Blockchain (Currently under development)

Use the following endpoints to connect multiple nodes together

Method Route Description
POST /add_peers Add new peer addresses to the network
GET /update Compare chain with peers, and update if nessesary

Source: https://github.com/garritfra/blockchain-project

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