Connect with us

Blockchain

Hardware Wallet Maker Ledger Joins the Universal Protocol Alliance

Avatar

Published

on

Digital asset hardware wallet firm Ledger has joined a blockchain interoperability coalition, the Universal Protocol Alliance.

In an announcement on June 11, UPA revealed that the high-profile French hardware wallet maker will be integrating its blockchain security and infrastructure solutions with Universal Protocol technology and assets. 

UPA singled out Ledger Vault — the Ledger’s multi-authorization governance infrastructure and insurance-backed asset management solution — as a key component that addresses the concerns of the alliance and its members.

The UPA and its members

The alliance’s existing members include Bittrex Global, decentralized lending platform Cred, crypto payments platform Uphold, smart contract security firm CertiK and Blockchain at Berkeley. 

The UPA focuses on making cryptocurrencies interoperable, has issued stablecoins such as Universal Dollar (UPUSD) and Universal Euro (UPEUR), alongside its main utility token, Universal Protocol Token (UPT).

Dan Schatt — UPA co-founder and CEO of Cred —  said that Ledger’s solutions, which are tailored to custody digital assets for banks, hedge funds, exchanges, and high net worth individuals wil “contribute to UPT as a mega utility token” and drive mass adoption of blockchain technology using UP tokens.

As reported, UPA is closely linked to Uphold, with user funds stored in the Uphold reserve. UPEUR and UPUSD are both minted and redeemed through Uphold accounts and many of the alliance’s executives also hold positions at either Cred or Uphold.

In an interview with Cointelegraph earlier this year, Schatt — who is also a former PayPal executive — emphasized the need for interoperability, particularly between the highest-profile digital assets, such as Ether (ETH), Bitcoin (BTC), EOS and XRP.

This week, Uphold’s vice president of marketing, Michelle O’Connor, told Cointelegraph Magazine that she believes excessive speculation is still dominating the industry to the detriment of mainstream adoption and use.

Source: https://cointelegraph.com/news/hardware-wallet-maker-ledger-joins-the-universal-protocol-alliance

Blockchain

Billionaire Mike Novogratz Builds Bitcoin Position on Prescience

The sentiment in the crypto community has shifted now that the bulls are back in charge. With the bitcoin price trading within striking distance of $12,000, investors know from experience that this could be just the beginning of another major rally. Billionaire investor Mike Novogratz seems to think so. The Galaxy Digital chief tweeted to […]

The post Billionaire Mike Novogratz Builds Bitcoin Position on Prescience appeared first on BeInCrypto.

Avatar

Published

on

The sentiment in the crypto community has shifted now that the bulls are back in charge. With the bitcoin price trading within striking distance of $12,000, investors know from experience that this could be just the beginning of another major rally.

Billionaire investor Mike Novogratz seems to think so. The Galaxy Digital chief tweeted to BeInCrypto that he added to his bitcoin position on Oct. 19, a decision made on prescience leading into a rally on Oct. 20.

And it’s what he had to say about where the BTC price is headed that could give investors a chance to capitalize on the momentum.

Novogratz expects that once bitcoin takes out $12K, not only does it move higher from there but it will do so quickly. He points to the fundamentals, including “too much demand from new participants,” as the catalyst. Novogratz told BeInCrypto,

Advertisement

Continue reading below

Bitcoin’s Rough Resistance

The $12K level is an important threshold for several reasons. Many consider it tough resistance and the BTC price has not been able to overcome it of late. Recent sessions have seen it remain stuck between the $10,000 and $11,000 area.

Once bitcoin manages to reattain this milestone, the last time of which was August 2020, pundits argue it could be off to the races again.

Bitcoin bull Ivan on Tech, who posts daily videos on YouTube where he has more than 260,000 subscribers, has been giving the play-by-play. He pointed out on Oct. 20 that the bitcoin price actually went straight to $12,000 but got rejected there, which according to him is “all according to plan.”

Once the bitcoin price successfully breaks this level, Ivan on Tech is expecting big things, exclaiming in a tweet,

“Bitcoin will break $20,000 like a massive BOSS.”

The entire crypto community is likely glued to their screens to see if history repeats and the bitcoin price rallies to the moon.

Source: https://beincrypto.com/billionaire-mike-novogratz-builds-bitcoin-position-on-prescience/

Continue Reading

Blockchain

Latvian Financial Watchdog Issues Crypto Fraud Warnings

Latvia’s  Financial and Capital Market Commission (FCMC) has issued a notice to investors to refrain from indulging in malicious digital currency platforms and fake opportunities. The regulator also listed some “signs of fraud” to help individuals identify these deceptive practices. In an official statement published by the FCMC, investors were urged to stay vigilant against […]

The post Latvian Financial Watchdog Issues Crypto Fraud Warnings appeared first on BeInCrypto.

Avatar

Published

on

Latvia’s  Financial and Capital Market Commission (FCMC) has issued a notice to investors to refrain from indulging in malicious digital currency platforms and fake opportunities.

The regulator also listed some “signs of fraud” to help individuals identify these deceptive practices.

In an official statement published by the FCMC, investors were urged to stay vigilant against the growing number of investment opportunities that target individuals across different channels.

According to the FCMC, cryptocurrencies, and associated platforms within Latvia function with a lower degree of regulation when compared to many other financial markets. It claims this makes attacks more prevalent in the country.

The regulators also mentioned that these attacks might be difficult to detect at first because they oftentimes use “the names and images of renowned companies.”

Advertisement

Continue reading below

Uptick in Fraud

Many online advertisements used for fraud purposes lead unsuspecting victims to fancy websites that give them a false sense of security.

The FCMC noted that online fraudsters are constantly on the watch for new ways to extort money from potential victims and that they will often contact investors via email or other popular social media platforms, and even sometimes by phone.

The scammers normally try to mislead investors into buying currencies that don’t exist, refuse withdrawals, or demand that they pay exorbitant amounts for transfers of funds.

The FCMC has welcomed residents to check with the watchdog in order to verify the legitimacy of any platforms or services before actually investing any money. The regulator also listed verified financial service providers on its website.

Source: https://beincrypto.com/latvian-financial-watchdog-issues-crypto-fraud-warnings/

Continue Reading

Blockchain

Upgraded XMR Becomes Best Performer Among Top 15 Coins: Analysis

The upgraded XMR coin becomes the best performer among the top 15 coins by market capitalization as we are reading more in our latest monero news. The privacy-focused cryptocurrency became the best performing coin among the top 15 tokens by market cap after it launched the network update over the past week. The upgraded XMR […]

Avatar

Published

on

ADVERTISEMENT

The upgraded XMR coin becomes the best performer among the top 15 coins by market capitalization as we are reading more in our latest monero news.

The privacy-focused cryptocurrency became the best performing coin among the top 15 tokens by market cap after it launched the network update over the past week. The upgraded XMR ranked 14th by market cap and trades at $127, increasing by 5% in the day, trimming the weekly losses to less than 4%. At the same time, other major coins from the top 15 which are less than 3% in a day. XMR increased today after a slight reaction to the expected update which was launched on Saturday.

Initially announced in August 2020, Monero’s latest Oxygen Orion update brings some more important improvements to the network at a time when the regulators are getting increasingly worried about the privacy coins. The latest update brings the so-called compact linkable spontaneous anonymous group feature.

coinpaprika
Source coinpaprika.com

As per the Monero blog, the CLSAG update allowed smaller and tighter transactions and will also reduce the transaction size by about 25%. This will also improve the transaction times by 10% and will bolster privacy with Dandelion ++ which is a feature that aims to protect users’ IP addresses. The latest update release comes not too long after another speed and security-centric upgrade named Nitrogen Nebula was launched which was one of the many upgrades that went live in the past few months.

ADVERTISEMENT

Right before the release, Monero enjoyed an increase in price and moved up by about 35% in a month and 125% in a year while the US Department of Justice released a new report that explains the risks of end-to-end encryption along with the US Internal Revenue Service which declared war on privacy coins, offering a bounty of about $625,000 to crack Monero’s privacy code.

Monero approaches key resistance, xmr, privacy

Now, Monero scales up to 20 times while compared to the other upgrades, there will be no change to Monero’s mining algorithm was frequently modified to disadvantage the ASIC miners. The project’s upgrade from 2019 included RandomX which means that the network no longer needs changing to its mining algorithm for ASIC resistance. Though not directly related to the upgrade the development of the community project is progressing. The community developers have been working on the atomic swap which allows users to exchange Monero for other coins. The proposal for the project has reached full funding as of late.

DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]

Source: https://www.dcforecasts.com/monero-news/upgraded-xmr-becomes-best-performer-among-top-15-coins-analysis/

Continue Reading
Aviation1 hour ago

Flybe Comeback Planned for Spring 2021

Aviation1 hour ago

Which Individuals Spend The Most On Private Air Travel?

Aviation2 hours ago

Use domestic quarantine rooms for Aussies abroad, say airlines

Aviation2 hours ago

CASA staff pushed ‘to the brink’, say Professionals Australia

Aviation2 hours ago

How Much Does It Cost To Fuel A Commercial Airliner?

Esports3 hours ago

Rep. Alexandria Ocasio-Cortez’s Among Us stream peaks at over 400,000 concurrent viewers

Aerospace3 hours ago

Space Force stands up operations command in Colorado Springs

Esports4 hours ago

Hikaru Nakamura challenges President Barack Obama to a game of chess

Esports4 hours ago

PUBG Mobile reveals first virtual band, Power4

Esports5 hours ago

Lee Sin added to League of Legends: Wild Rift

Esports5 hours ago

How to use the AR Mapping features in Pokémon Go

Aviation5 hours ago

Podcast: What’s the real story behind Scurrah’s Virgin exit?

Esports5 hours ago

Hundreds of Twitch partners have received DMCA takedown warnings

Aviation5 hours ago

Brisbane-Cairns now busiest Qantas route

Esports6 hours ago

Haksal retires from professional Overwatch

Energy6 hours ago

CO.R.D.A.R Valsesia adopt innovative Israeli wastewater data solution to reduce water degradation in the Italian Alps

Aviation6 hours ago

Tasmanian drones find guns and chase vehicles

Techcrunch6 hours ago

Political strategist turned tech investor Bradley Tusk on SPACs as a tool for VCs

Esports6 hours ago

Armada or Mang0: Super Smash Bros. Melee community debates best player ever

Energy6 hours ago

Commencement of Cash Tender Offer for Ascent Resources Utica Holdings, LLC’s and ARU Finance Corporation’s 9.00% Senior Notes due 2027

Techcrunch6 hours ago

Watch GM unveil the $80,000 GMC Hummer EV right here

Energy6 hours ago

Entrada de Pedidos da Indústrias Romi atinge R$313,4 milhões, crescimento de 65,5% em relação ao 3T19

Gaming6 hours ago

AOC aims to get out the vote by streaming Among Us with pokimane and HasanAbi

Energy7 hours ago

Berkeley Lab Building Efficiency Campaign Drives $95M in Annual Energy Savings

AR/VR7 hours ago

PSVR Not Compatible With PS5 Camera, New Japanese Bundles Include Adapter for PS4 Camera

Automotive7 hours ago

Feast your eyes on the all-new, all-electric GMC Hummer EV

Techcrunch7 hours ago

GMC reveals the Hummer EV: 1,000 HP, 350 mile range, and 0-60 in ‘around 3 seconds’

Aviation7 hours ago

Air Force Thunderbirds to Headline Wings Over North Georgia

Esports8 hours ago

Riot lays out buffs, nerfs, and other changes coming in League Patch 10.22

Aerospace8 hours ago

NASA’s OSIRIS-REx spacecraft lands on asteroid in bid to collect samples

Aerospace8 hours ago

OSIRIS-REx touches down on asteroid

Esports8 hours ago

Everything we know about Verizon’s Wild Rift Invitational

Esports8 hours ago

AZR open to European offers

Fintech9 hours ago

Unblu Teams Up with Celero, LUKB to Boost Digital Customer Engagement

Aerospace9 hours ago

Lockheed Martin executives commend ULA for fighting back against SpaceX

Finland
Esports9 hours ago

FunPlus Phoenix in talks to sign GODSENT roster

Energy9 hours ago

Hycroft Appoints Stanton Rideout As Executive Vice President & Chief Financial Officer

Aerospace10 hours ago

Op-ed | Space Force should break the mold in recruiting and retaining talent

Energy10 hours ago

GWS Tool Group Announces Acquisition of STF Precision (STF)

Energy10 hours ago

Global Print and Apply Labeling and Labeling Equipment Market Outlook to 2027

Trending