As Theta Mainnet 2.0 Launches, What’s Behind its Massive Rally?
Crypto-powered Esports streaming app Theta continues to rally ahead of its mainnet 2.0 launch, gaining 150% in the past two weeks. All told, the Theta Token, is up nearly 1,300% since the ‘Black Thursday’ crash of mid-March. In addition to its forthcoming technical upgrades, Theta’s rally appears to have also been fuelled by a series of partnerships with major media platforms, including Android TV and Samsung. Theta is a crypto-powered 24/7 streaming service showcasing live Esports, World Poker Tour tournaments, and major blockchain and cryptocurrency conferences including Consensus and the Crypto Asia Summit. Users are rewarded for activity and engagement on the platform in the form of Theta’s proprietary rewards token G Fuel. The Theta Token, meanwhile, is earned through staking
Samuel Haig 16:19
India's Largest Private Port Operator Partners With Blockchain Platform TradeLens
The largest multi-port operator of India, Adani Ports and Special Economic Zone Limited (APSEZ), has partnered with the blockchain-based supply chain solution platform TradeLens. APSEZ plans to integrate TradeLens’s blockchain solutions across 10 of its major courier management facilities across ports in six Indian states — four in Gujarat and one each in Odisha, Tamil Nadu, Goa, Chennai, Andhra Pradesh and Kerala.
Mohammad Musharraf 16:19
WeChat Invests $70 Billion in Fintech, Including Blockchain and AI
Chinese tech giant Tencent Holdings will allocate nearly $70 billion (500B yuan) over the next five years in fintech development, including blockchain, cloud computing, and artificial intelligence (AI). Reuters reported on May 26 that the company, which is behind the WeChat messaging app, hopes to strengthen the development of fintech across the country, following the recent embrace of blockchain by the Chinese government. Tencent wants to expand to business services and will invest in 5G networks, Internet of Things (IoT) operating systems and large data centers, among others,
Felipe Erazo 10:47
1000 Corporate Systems Infected With Monero Mining Malware
The Blue Mockingbird malware gang has infected more than 1000 business systems with Monero mining malware since December 2019. The global scale of the hacker group’s operations was revealed by cloud security firm Red Canary on May 26. The report outlined the group’s methodology. The malware attacks servers running ASP.NET applications and exploits a vulnerability to install a web shell on the attacked computer and obtain administrator-level access to modify the server settings. Next, the cybercriminals install the XMRRig application to take advantage of the resources of the infected machines. Most of the infected computers belong to large companies, though Red Canary did not reveal any names.
Felipe Erazo 10:47
The blockchain MMO Strategy game, League of Kingdoms holds its 1st Land token presale thru June 1st
League of Kingdoms Land token sale is now live. Users can log into the Land Portal or OpenSea store to make the Land tokens theirs. By owning LOKL Token(NFT), you can receive daily reward in DAI and other resources for development contributions. The presale will mainly use ETH as the main currency. But it leverages Kyber Swap integration to enable seamless use of other ERC tokens. About League of Kingdoms: League of Kingdoms is an MMO Strategy game on the Ethereum blockchain. On the genesis continent, all lands are NFTs and owned by users. You can own, play, and earn rewards by developing your own kingdoms. It will be a decentralized and self-sovereign ecosystem shaped by users. Your strategy starts here! Visit Land portal: https://bit.ly/2Xo5wjG
League of Kingdoms 18:29
Twitter Bitcoin Mentions Now Almost Exactly Mimic Market Cap Dominance
Bitcoin (BTC) the most mentions on Twitter may seem logical — but the reason behind it may be more calculated than many imagined. According to the latest data, Bitcoin’s popularity on Twitter by the number of tweets is not only the highest of all the cryptocurrencies — it is proportional to market cap.
William Suberg 17:36
Australian University Launches Blockchain Postgraduate Program With IBM
RMIT University, an Australian public research university, is adding two new postgraduate programs in the field of cybersecurity and blockchain technology. The university announced May 26 that it was partnering with IBM, Palo Alto Networks, and Stone & Chalk to offer a graduate certificate in cyber security and graduate certificate in blockchain-enabled business. The programs are expected to start in October 2020 and will last for nine months.
Mohammad Musharraf 17:36
IOST x Uptrennd Writing Contest
In collaboration with Uptrennd, IOST cohosts the IOST DApp Writing Contest. 5 Days to get your entry submitted & you could be in the running for a prize pool of $320 Prize Pool: $320 $80 1UP/IOST = $160 Total. $45 1UP/IOST = $90 Total. $35 1UP/IOST = $70 Total. Link: www.uptrennd.com/post-detail/iost-dapp-writing-contest~NDE3OTM3
Indian Crypto Exchange CoinDCX Secures Additional $2.5M Investment
CoinDCX, India’s largest cryptocurrency exchange, announced that it had raised $2.5 million from investors including Polychain Capital and Coinbase Ventures, the investment arm of crypto exchange Coinbase. The investment comes shortly after the exchange’s Series A funding round in March, in which CoinCDX secured $3 million from Bain Capital, Polychain and HDR Group, the operator of cryptocurrency exchange BitMEX. In an announcement from CoinDCX on May 25, the exchange said it would be using the funds to encourage mass adoption of cryptocurrency in India through its “TryCrypto” campaign. CoinDCX stated its goal was to have 50 million crypto users in the country. One of TryCrypto’s initiatives will be a cryptocurrency and blockchain educational program aimed toward new traders.
Turner Wright 11:27
Miners, Gaps and a Giant Short: 5 Things to Know for Bitcoin Price Now
Bitcoin (BTC) faces a challenging week as $9,000 support fades and uncertainty increases after the halving — what should you look out for in the coming days? Cointelegraph’s weekly summary takes a look at five factors likely to influence Bitcoin’s price action in the short term.
William Suberg 17:27
ablecoins Can Transfer Value Across Blockchains, Says Vitalik Buterin
Ethereum co-founder Vitalik Buterin thinks that the stablecoin industry is missing a valuable opportunity to improve interoperability between different blockchains. In a lengthy Twitter thread on May 20, Buterin suggested that stablecoins could enable users to move value across different blockchains: “In the specific case of issuer-backed stablecoins there's lots of things that could be done but aren't, eg. every stablecoin could be an instant cross-chain bridge!”
Adrian Zmudzinski 17:27
Bitcoin Price: Why Today’s Weekly Close Is Crucial to Avoid $8,000s
As the weekly close approaches Bitcoin (BTC) price made a quick move toward $9,300 after spending the past 48-hours struggling to hold above $9,200. Traders would like to see the top-ranked asset on CoinMarketCap close above the $9,300 level and earlier this week Cointelegraph contributor filbfilb cautioned that: If Bitcoin is unable to reclaim the levels aforementioned, the likely inevitable breakdown would be to retest the May lows and 20-week MA, currently around $8,160. Typically this is the line in the sand between continuation higher and a more meaningful bearish downturn.
Horus Hughes 09:47
Teenage Crypto Hacker Allegedly Threatened Life of 16yo Accomplice
Ellis Pinksy, the hacker who allegedly masterminded the theft of $23.8 million worth of crypto from pioneering investor, Michael Terpin, planned on retiring after the heist at the age of 15. However, after turning 18, Pinsky became the subject of a $71.4 million civil suit from Michael Terpin, who is seeking damages equal to triple the sum that was stolen three years ago.
Samuel Haig 09:43
Goldman Sachs to Host Conference Call on Crisis, Crypto, and Inflation
Goldman Sachs will host a conference call on May 27 titled US Economic Outlook & Implications of Current Policies for Inflation, Gold, and Bitcoin. On May 23, Mike Dundas, the founder of crypto media outlet The Block, posted a screenshot of the invitation for the call, revealing that the event will be hosted by Sharmin Mossavar-Rahmani, the CIO of Goldman’s Investment Strategy Group, alongside Harvard economics professor Jason Furman, and Goldman Sachs’ chief economist Jan Hatzius.
Samuel Haig 09:42
Grayscale Accumulates 34% of New BTC as Weekly Investments Tag $30 Million
Grayscale Investments, a crypto investment fund manager and subsidiary of Barry Silbert’s Digital Currency Group, is estimated to have purchased up to one-third of all newly minted Bitcoin during the past three months amid the run-up to the block reward halving. The announcement comes as average weekly investments into Grayscale’s Bitcoin Investment Trust, or BIT, reached $29.9 million over the first quarter of 2020. In response to a tweet publicizing the figures, Grayscale founder Barry Silbert stated: “just wait until you see Q2.” The average weekly investment into the trust has increased by over 800% when compared to Q1 2019’s $3.2 million.
Samuel Haig 09:41
Bitcoin Price Drops to $8,840 — Key Metrics Signal BTC May Correct Further
Within the last hour Bitcoin (BTC) price dropped to $8,840. The drop came with less than 8 hours left before the weekly close. A confluence of miners selling more BTC than they mine, Bitcoin recording 6 consecutive lower highs, and the retest of the $8,800 support leaves BTC vulnerable to a severe pullback.
Joseph Young 09:41
China’s Congress Proposes Blockchain Development Fund
National People’s Congress, China’s parliament and Chinese People’s Political Consultative Conference, the most powerful political advisory body in the country, have recently begun their annual sessions. These are widely referred to as the "Two Sessions" or "lianghui" meetings. These meetings have been ongoing since May 22. The National People’s Congress, or NPC, is China's top legislative body. Nearly 3,000 delegates from around the country meet once a year to submit proposals during the meetings. According to a Beijing News’ report on May 23, Jieqing Tan, deputy to the NPC, suggested setting up a special fund for blockchain industry development. If accepted, this fund would be led by the government. The aim of the fund is to support the development and growth of a number of promising blockchain enterprises, encourage blockchain technology innovation, and cultivate a number of unicorn enterprises in the blockchain space, says Tan.
Ting Peng 09:40
Blockchain to Play Crucial Role in VR-Powered Social Media
Virtual reality media platform, Sensorium, has announced its membership in the Global Blockchain Business Council, or GBBC — a Swiss-based non-profit industry association for blockchain. Sensorium will participate in GBBC’s upcoming virtual forum on May 28, which will see the firm’s director of technology Alex Blagirev discuss his predictions for how virtual social media will change the way that people interact online. Cointelegraph spoke to GBBC to discuss the intersection between social media and virtual reality, or VR, and the role that blockchain plays in the sector’s future.
Samuel Haig 09:27
New Solutions to Run an IOST Node by Ankr
IOST is excited to partner with Ankr to bring new easy, accessible & affordable node hosting solutions to IOST that can enable more members in running an IOST node! medium.com/iost/new-partner-ankr-brings-node-hosting-solutions-to-empower-iost-nodes-network-growth-1f201cb5ecad
Coinbase CEO Suggests Dodging ‘Mean, Snarky’ Media
Coinbase chief executive Brian Armstrong says that company leaders are increasingly opting to avoid mainstream journalists by speaking directly to audiences on unmediated social media platforms. “Our customers are on YouTube/podcasts/social media — not reading mainstream media,” asserted Armstrong in a May 22 Twitter thread, adding that companies are now “able to control their own distribution channels” in the current media landscape.
Samuel Haig 14:30