Day: April 22, 2019

Early Spotify Investor Contributes to Blockchain Art Registry in $7 Mln Funding Round

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The blockchain-based art registry startup Artory has reportedly raised over $7 million in Series A funding round from an early Spotify investor among others. The development was announced by art-focused publication the Art Newspaper on April 22. Artory — ledger of which enables users to trace provenance and title data, as well as record sales of works of art —  has reportedly secured $7.3 million from a group of investors, including private investing firm 2020 Ventures, which backed Swedish audio streaming platform Spotify, American logistics company Postmates, and luxury goods…

Coinbase Files to Close Its Political Action Committee

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Major United States-based cryptocurrency exchange Coinbase has filed to close its political action committee (PAC) on April 3. According to a filing with the Federal Election Commission (FEC) — the regulatory agency in charge of enforcing election laws — Coinbase’s PAC received no funds nor made any disbursements, and is seeking to terminate the PAC. Per FEC regulations, a PAC must file a termination report in order to cease operations once it no longer intends to make or receive contributions or expenditures.   In the U.S., PACs are independent organizations,…

Chinese City of Guangzhou Issues Business License Using Blockchain and AI

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Major Chinese city Guangzhou has issued a business license using blockchain and artificial intelligence (AI) technology, local news agency Sohu reports on April 22. The license was issued at the administrative center of Huangpu District, Guangzhou, and represents the first blockchain and AI-powered business license in China, according to the news outlet. The type of the license, touted as “scan the code and start the company in one click,” reportedly allows startups to not only file an application, but also to open a bank account and to submit a tax…

Vitalik Buterin Proposes Higher Staking Rewards for Upcoming ETH PoS Algorithm

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Ethereum co-founder Vitalik Buterin proposed a higher staking reward for the upcoming proof-of-stake (PoS) algorithm implementation on the Ethereum blockchain on GitHub on April 20. Per the proposal, 2,097,152 ether per year would be issued when 134,217,728 ether is staked and validating transactions, resulting in an annual return for stakers of 1.56%. The current circulating supply of the coin is 105,764,762 ETH, which means that this amount of stacked ether is a theoretical maximum of sorts. The proposal also estimates the annual return for various quantities of validating ether. For…

Crypto Project Takes on ‘Nonethical Hackers’ With Tech to Stop 51% Attacks

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A crypto platform says “pioneering technology” known as command chain protocol (C2P) is going to be instrumental in ensuring the industry is protected with strong security in the future. ILCoin says C2P was designed to prevent 51% attacks — one of the biggest risks that cryptocurrencies face today. This is when malicious actors acquire the majority of the computing power in a network, create a new chain and potentially double spend funds. As reported by Cointelegraph, Ethereum Classic fell victim to such an incident back in January. In its white…

South Korea’s Largest Car Supplier Hyundai to Use DLT in Smartphone-EV Pairing Tool

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South Korea’s largest car manufacturer, Hyundai Motor Group, will use blockchain in its new tech for pairing electric vehicles (EVs) with smartphones. Sustainable mobility-focused news agency Green Car Congress reported on the development on April 22. Hyundai reportedly announced development of smartphone-EV pairing based performance adjustment technology that allows users to customize primary functions via a smartphone application. In the claimed industry-first, Hyundai will reportedly implement blockchain technology to prevent security issues while users upload and share their custom settings on the server. As such, the upcoming system is set…

Protocol Labs and Ethereum Foundation Team Up to Research Verifiable Delay Functions

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Filecoin owner Protocol Labs is collaborating with the Ethereum Foundation to develop a Verifiable Delay Function (VDF). The company announced the partnership in a blog post on April 19. VDFs are a relatively new cryptographic primitive that can protect systems relying on the generation of (pseudo) random values from manipulation strategies or attack. Examples of everyday use cases include picking a lottery winner on the blockchain, as VDFs could help stop miners from intervening with a block hash to win the jackpot. Dan Boneh, one of the researchers who introduced…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Binance Coin, Stellar, Cardano, TRON: Price Analysis April 22

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The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. Legendary tennis player Serena Williams disclosed that she has invested in cryptocurrency exchange Coinbase through her investment business Serena Ventures. South Korean investors are using low crypto prices to buy more. Their average investment has increased by about 64% compared to 2017, according to…

Adviser to President of Russia Proposes Digital Currency in Crimea

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An adviser to the President of Russia has proposed to adopt a digital currency in Crimea to attract investors and avoid sanctions, local news agency TASS reports April 19. Sergey Glazyev, advisor to Russian President Vladimir Putin on regional economic integration, urged the government to adopt “digital money technologies” to reduce “cross-border barriers,” the official said at the Yalta International Economic Forum (YIEF). According to Glazyev, adoption of digital currencies will “sharply reduce cross-border barriers” and will attract foreign investors who “are afraid of sanctions,” which are “generally carried out…

‘The Cutest Crypto Game’ to Support Online Education for Kids

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A decentralized crypto collectible game Blockchain Cuties Universe has put its unique digital pet named DartaNyan up for auction, which was specially created for it. The team says that all the raised funds will be spent on an education online platform, where kids and teens can start their own project. Online education for youth as priority The sale of a Blockchain Cuties’ character named DartaNyan will be hosted by Auctionity, the blockchain auction house for crypto collectibles, such as gaming items and nonfungible tokens (NFTs). The digital pet will be…

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