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Australian Securities Exchange Opens Customer Development Environment for Blockchain Testing

The Australian Securities Exchange (ASX) published a report on May 7, 2019, announcing the opening of its Customer Development Environment (CDE) for distributed ledger technology (DLT) testing.

The exchange which has been developing a clearing and settlement system based on blockchain technology announced this latest development as it works towards a fully functional platform by 2020.

Read more:https://blokt.com/news/australian-securities-exchange-opens-customer-development-environment-for-blockchain-testing


PepsiCo increased cost efficiency by 28% with blockchain test

▪️The blockchain alliance Project Proton announced Monday that its first major ad test increased cost efficiency 28% for viewable ad impressions through smart contracts, according to a report in The Drum. The alliance ran the test with PepsiCo in March in the Asia Pacific region.
▪️In the test, smart contracts reconciled impression data from multiple sources across the supply chain with payments that utilized the Project's Native Alliance Token. One campaign was conducted with smart contracts, and one without. The reconciliation is conducted automatically, transparently and in near real time. Every step is encrypted, with stakeholders accessing only their relevant data. In general industry practice, reconciliations are conducted only after a campaign is completed.

Read more:https://www.marketingdive.com/news/pepsico-increased-cost-efficiency-by-28-with-blockchain-test/554233/


“BCH will outperform BTC in the coming years” - Roger Ver

Bitcoin Jesus - or Roger Ver - has recently spoken in an interview with Coinspeaker where he spoke about Bitcoin Cash and the potential it has to outperform the leading cryptocurrency because it will allow the globe to use money in a sense that it won’t be able to be censored, stopped or regulated.

Ver is well-known to be an outspoken advocate for personal freedoms and Bitcoin Cash and has spent the last (almost) decade investing in crypto related projects for building a future in which people will enjoy a kind of economic freedom that wasn’t possible before the advent of crypto.

Speaking on how he can explain blockchain and crypto to a mainstream audience Ver claims that instead of just reading about it, people should just try and use it.

Read more:https://cryptodaily.co.uk/2019/05/bch-outperform-btc-coming-years-ver


Justin Sun: Tron (TRX) To Return To Top 10 In June, BTT To Be In Top 30 In Q2

Tron’s founder and CEO, Justin Sun, has always been in the news for one reason or the other, the latest of which stems from a tweet he sent out yesterday. In the tweet, Justin made a prediction that had a lot of people hooked. Apparently, Justin Sun thinks it’s just a matter of months before TRX breaks back into the top 10 most popular and largest cryptos by market capitalization.

Just a short while ago, TRX was edged out of the top 10 as others like the Binance Coin (BNB), Stellar (XLM), and Cardano (ADA) battled to rise. TRX now sits at position 11 in the charts sandwiched between Cardano (Position 10) and Monero (position 12). Justin marked June as the month for TRX’s predicted boost.

That’s not the only prediction Justin made. He also predicted that BTT will surge too and blast into the top 10 sometime in the second quarter of 2019.

Read more:https://zycrypto.com/justin-sun-trx-to-return-to-top-10-in-june-btt-to-be-in-top-


Mega Middle East Banks Are Ready to Adopt XRP

Ripple XRP acceptance by financial institutions has increased recently. Over fifty more banks in the Middle East have indicated interest in the digital asset. Most of these banks developed interests in the digital currency because of the speed at which transactions can be done at the cheapest rate.

The Chief Transformation Officer at Al Ahli Bank of Kuwait, ABK bank in an interview demonstrated how fast a transaction could be done. In his demonstration, he showed that when a transaction is done in XRP using the phone, everything is completed in a jiffy. Now more banks are joining to test the waters, most of which were using SWIFT network.

During the recently concluded Paris Blockchain week summit, Ripple executive Marjan Delattine, disclosed that about ten 10 out of over 200 financial institutions partnering with RippleNet use XRP.

Read more:https://todaysgazette.com/mega-middle-east-banks-are-ready-to-adopt-xrp/


A Take Home From Starbucks And Microsoft Alliance On Blockchain

Blockchain technology has continued to expand beyond the conventional digital assets as many companies have begun to harness the potentials within this fairly new technology. This has come in the use of diverse blockchain solutions to solve existing problems in different sectors.

Starbucks Collaborates with Microsoft

It came as a pleasant surprise on Monday when two of the largest companies in the world announced a collaboration which is set to utilize blockchain technology. Microsoft the tech giant announced during its build developers conference that it was engaged in a partnership with Coffee company Starbucks.

The Collaboration would see the coffee giant incorporate Microsoft’s Azure blockchain solution to gather information about its coffee services.

Read more:https://todaysgazette.com/blockchain-starbucks-and-microsoft/


Charlie Munger: Bitcoin Investors ‘Celebrate the Life and Work of Judas Iscariot’

Charlie Munger, billionaire investor and vice chairman of American holding conglomerate Berkshire Hathaway, again criticized bitcoin (BTC), financial markets-focused news outlet Markets Insider reported on May 4.

Munger — who was invited to an event by an unnamed digital currency investment group, but did not attend it — stated that bitcoin investors "celebrate the life and work of Judas Iscariot."

Munger thus reiterated his negative stance towards cryptocurrencies. Last February, Munger described the leading cryptocurrency as “totally asinine,” at the 2018 annual general meeting of the Daily Journal Corporation. He then stated:

“And I think the people who are professional traders that go into trading cryptocurrencies, it is just disgusting. It is like somebody else is trading turds and you decide, 'I can't be left out.'"

Read more:https://cointelegraph.com/news/charlie-munger-bitcoin-investors-celebrate-the-life-and-wo


DAO Behind DAI Stablecoin MakerDAO Announces Critical Vulnerability in Voting Contract

MakerDAO, the Decentralized Autonomous Organization (DAO) behind the DAI stablecoin, announced a critical security update to its governance contract in a Reddit thread published on May 6.

Per the announcement, during the second round of security audits part of the DAO’s partnership with crypto exchange Coinbase and smart contract security startup Zeppelin, a critical vulnerability had been discovered in the governance smart contract. Zeppelin also released an independent critical vulnerability notice.

While the announcement claims that the tokens of users who have staked MKR tokens in the contract are not in danger, it also advises users to move them. Still, no action is required from users who are not in control of one of the ~190 addresses who have staked MKR in the current voting contract.

Read more:https://cointelegraph.com/news/dao-behind-dai-stablecoin-makerdao-announces-critical-vulnerability-in-voting-contract


Bitfinex, Tether contest USD 850 mln fraud court case

Following the alleged fraud case involving Bitfinex and the Tether stablecoin, the two companies have officially contested the accusations.

In April, the New York Attorney General affirmed that Tether gave USD 850 million of its funds in order to help Bitfinex. As the companies share the same owners, they just moved the money around. According to the Attorney General, the problem rests in the fact that this constitutes fraud because Tether was supposed to be backed by USD, and it was used to fund Bitfinex.

Bitfinex is also being accused of fraud, and its funds may have been frozen by the law enforcement.

Read more:https://www.thepaypers.com/cryptocurrencies-bitcoin-virtual-currencies/bitfinex-tether-contest-usd-850-mln-fraud-court-case/778672-39?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+thepaypers%2FcfKW+%28The+Paypers+Headlines%29


Coinbase Now Offers Storage Support For Over 30 Cryptocurrencies

The number of cryptocurrencies to which Crypto currency exchange Coinbase is offering storage support directly in the Coinbase Wallet app has crossed 30.

The San Francisco-based digital currency exchange added support for nearly 20 new assets over the first few months of 2019, taking its total asset support to more than 30 cryptocurrencies.

They include popular cryptocurrencies like Bitcoin, Ethereum, Bitcoin Cash, Ethereum Classic, XRP, Augur (REP), ZCash (ZEC), Stellar Lumens (XLM), Dogecoin (DOGE) and Tezos (XTZ), and also smaller-cap projects like FOAM (FOAM), Kin (KIN) and Maker Dai (MKR).

The company said that over the first half of 2019, Coinbase Custody has been busy adding new features and support for the assets that its clients have requested.

Read more:https://www.rttnews.com/story.aspx?Id=2998797


‘Shut Down the Cryptocurrencies,’ Says Nobel Prize Winning Economist Joseph Stiglitz

Despite the growing popularity of cryptocurrencies, there are some people – experts in their fields – who believe that cryptocurrencies are not good enough and should be banned.

The latest person to join this school of thought is Joseph Eugen Stiglitz, a recipient of the 2001 Nobel Prize in Economics and a Professor at Columbia University. In a video published by CNBC on May 6, Stiglitz said that cryptocurrencies should be shut down. He said:

“l actually think we should shut down the cryptocurrencies.”

Read more:https://blokt.com/news/shut-down-the-cryptocurrencies-says-nobel-prize-winning-economist-joseph-stiglitz


Bitcoin (BTC) Hash Rate Flourishing, Notable Sign For Long Term Bullish Run Above $6500

Bitcoin (BTC) – The golden cross many analysts predicted at the start of the previous month seems to be here as most coins trend on the rising wedge with no day without an added value since the start of the week.

Bitcoin (BTC), the trend leader, continues to maintain its dominance in the market with no sign of losing the leadership position. However, the recent growth in the hash rate of the cryptocurrency gives much hope for the awaited Bull Run, with indications that it is just around the corner.

The consistency Bitcoin is maintaining in the market is yet another point, and it has drawn series of speculations over the past few weeks as its price surges up. Some claimed its volatility will soon initiate another market dip, while certain optimistic observers opined that a remarkable price rise is imminent.

Read more:https://todaysgazette.com/bitcoin-btc-hash-rate-flourishing-notable-sign-for-long-term-bullish-run-above


Binance Suffers From Wash Trading? And For $850, So Can You.

The Blockchain Transparency Institute has released its April 2019 Market Surveillance Report, and it claims that Binance is among the exchanges on which wash trading has occurred. It marks the fourth report in which the group has deployed algorithms designed to identify specific accounts engaging in wash trading.

The inclusion of Binance in the report suggests that even the more reputable exchanges are not immune from market manipulation.

However, the BTI did note that Upbit, Bittrex, Poloniex, Liquid, Coinbase, Kraken, Gate, Bitso, and Lykke were all reporting volumes that were upwards of 90% free of wash trading, singling out Kraken as the ‘cleanest’ site in the space with real volume in excess of 99% of reported volume.

Bitfinex nearly made the list, which would have been positive news for an exchange that has come under heavy fire recently.

Read more:https://cryptobriefing.com/binance-wash-trading-icebergs-tips/


Warren Buffett: ‘Gambling Device Bitcoin Hasn’t Produced Anything’

By CCN: Turns out 88-year-old Warren Buffett isn’t warming up to crypto after all. Speaking at what’s been dubbed the “Woodstock of Capitalism”, the billionaire investor told shareholders in Berkshire Hathaway how he really feels about bitcoin. His company’s annual shareholder event is being held in Omaha today, and he just couldn’t resist lamenting the digital currency that he just doesn’t understand. Buffett reportedly stated:

“It’s a gambling device… there’s been a lot of frauds connected with it. There’s been disappearances, so there’s a lot lost on it. Bitcoin hasn’t produced anything.”

At least Buffett didn’t call it “rat poison squared” like he did last year. His partner in crime, Charlie Munger, reportedly once compared crypto trading to “dementia.”

Read more:https://www.ccn.com/warren-buffett-gambling-bitcoin


Ethereum price update: Could soon break $170 barrier

Ethereum is still inching closer to the critical resistance at $170 from the previous update where it had just broken past the descending trendline barrier. The bullish momentum emanated from the support congestion zone between $160-$162. This zone has been very instrumental to the buyers who have been fighting to ensure that they stop declines below $160 since Tuesday last week.

Following the breakout on Monday in an engulfing candle, the price zoomed above several key levels starting with the 50 SMA 1-hour, the channel resistance, the EMA200 resistance and the 100 SMA 1-hour. A further movement made pushed the price above $166 hurdle as well as $168. The intraday chart shows the price brushing shoulders at $170 but retraced back to $169.34.

Read more:https://www.fxstreet.com/cryptocurrencies/news/ethereum-price-update-could-soon-break-170-barrier-201905061536


TRX Resists Bearish Pressure As Tron Prepares For Scaling Project Launch At The End Of The Month

The week has begun with most cryptocurrencies bearish. Throughout the weekend, this had been the trend and though many were expecting the bulls to step in and salvage the situation at the beginning of the new week, this has not been the case.

Tron’s TRX bulls have in the last couple of hours proven different, pulling the altcoin from the red zone and into the green zone. Other than Ethereum, at the time of press, no other coin is recording gains in the last 24 hours. The gains could be as a result of the hype beginning to set in on the project given the upgrades expected later in the month.

Read more:https://zycrypto.com/trx-resists-bearish-pressure-as-tron-prepares-for-scaling-project-launch-at-the-end-of-the-month/


EvonSys Integrates Ripple XRP with Pega, a Software Deployed by Santander, American Express

▪️EvonSys integrate Ripple XRP with Pega, world’s renowned software deploying by big firms across the world.
▪️The integration makes the linkage of Ripple XRP with banks easy.

EvonSys has announced it has integrated Ripple XRP with Pega, a leading digital process automation platform used by Cisco, Coca Cola, Banco Santander, American Express, HSBC, MasterCard and a host of other high ranking firms across the globe.

While EvonSys did not go deep on the integration, the platform had revealed since that it is offering a new way to integrate with Ripple XRP.

Read more:https://todaysgazette.com/evonsys-implements-ripple-xrp-integration-with-pega-a-software-deployed-by-santander-american-express/


Bitcoin Cash Signs Up For Schnorr Signatures

Bitcoin Cash is preparing for another fork, which will upgrade the software for the fourth-most valuable blockchain network. Unlike the last hard fork, the next upgrade is unlikely to cause any dramatic splits, focusing instead on efficiency and scalability improvements. The biggest addition to the protocol is Schorr signatures, which will allow enhanced scaling to the blockchain network.

Schnorr Is Coming To Bitcoin Cash, Wrightly Or Wrongly

Bitcoin Cash will add Schnorr signatures on the mainnet on May 15, replacing the Elliptic Curve Digital Signature Algorithm (ECDSA), which is the legacy signature protocol of the original bitcoin. Schnorr signatures make transactions leaner, with several signatures able to be verified simultaneously.

Schnorr signatures have not been implemented by Bitcoin (BTC) developers because of patent conditions surrounding them.

Read more:https://cryptobriefing.com/bitcoin-cash-schnorr-signatures/


$100,000 Bitcoin Price Will Kill Every Other Cryptocurrency by 2021: Major Crypto Fund

By CCN.com: One of crypto’s biggest venture capital firms is going all in on bitcoin. Heisenberg Capital says it is “doubling down on Bitcoin Maximalism with new capital,” while sounding the death knell for altcoins.

In the same tweet, Heisenberg Capital reaffirmed its $100,000 price target on bitcoin, a 1,664 percent premium on today’s bitcoin price.

“Everything except BTC Will Die off”

The fund, which has financed some of the biggest crypto startups included Kraken, Bitfinex, and ShapeShift, predicts there’s no future altcoins. Ethereum, XRP, and this year’s best-performing alt-coin BNB, it says, will be rejected by the market.

Heisenberg founders Max Keiser and Stacey Herbert claim their bitcoin maximalism is a long-held philosophy. Now, that concept will be the sole driving force behind their investment decisions.

Read more:https://www.ccn.com/everything-except-bitcoin-will-die-100k-major-crypto-fund


TRON suffered from a critical bug that could’ve crashed its entire blockchain

Just one computer could have brought TRON’s entire blockchain to a screeching halt, a new HackerOne disclosure has revealed.

Until quite recently, bad actors were reportedly able to maliciously consume the CPU power of the network with Distributed Denial-of-Service (DDoS) attacks.

“Using a single machine, an attacker could send DDOS attack to all or 51 percent of the [Super Representative] nodes and render TRON network unusable, or make it unavailable,” reads the report, labeled high severity.

Potential DDoS attacks involved repeatedly calling for smart contracts to be deployed, loaded with malicious “bytecode” (the code format accepted by the TRON Virtual Machine.)

Read more:https://thenextweb.com/hardfork/2019/05/06/tron-blockchain-dos-attack-vulnerability-hackerone-cryptocurrency-trx/

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