150-Year Old Caffè Barbera Takes On Trackgood To Bring Supply Chain Transparency
Trackgood, a blockchain-powered transparency platform, announced its partnership with Italy’s oldest coffee roastery.
As per the announcement, the partnership brings coffee supply chain traceability for Caffè Barbera. Created as a supply chain tracking and impact tool, Trackgood allows consumers to trace the journey of their coffee products from the plantation to the cup. Powered by NEM’s Symbol blockchain, Trackgood records each step along an enterprise’s supply chain to enable supply chain visibility.
Bitcoin’s Taproot Upgrade Is Closer Than Ever, And Bitcoiners Are Highly Bullish — Here’s Why
Bitcoin’s first major upgrade is in less than a week and investors are as bullish as ever ahead of it. Analysts expect nothing less than a significant impact after it comes live given previous upgrades.
The Taproot UpgradeIn 2018, the Bitcoin Taproot Upgrade was first proposed by Gregory Maxwell and garnered approval in June 2021 after meeting the 90% miner approval, sparking excitement about the potential impact that it could have on the ecosystem.
After the lock-in period, it was difficult to pinpoint a date for activation but according to Taproot.watch, the taproot activation will activate in less than 4 days and only “367 blocks left” before it goes live.
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Alleged South African Bitcoin Fraudster Makes First Court Appearance Since Arrest
Sandile Shezi, the South African bitcoin trader accused of defrauding investors, recently made his first court appearance before a Johannesburg magistrate.
Shezi out on BailThe bitcoin trader’s court appearance came just days after he honored his pledge to surrender himself to the police. However, according to a report by the Sowetan, Shezi — who is now out on bail — is set to return to court on November 24.As previously reported by Bitcoin.com News, Shezi is facing fraud allegations that stem from his failure to honor promises he made to Allan Ledwaba, an investor in the latter’s Global Forex Institute.Although Shezi has repeatedly denied the allegations, Ledwaba and an unnamed investor still went on to file complaints against the bitcoin trader. The filing of these complaints then culminated in the issuing of the warrant for the bitcoin trader’s arrest.The report in the meantime quotes Ledwaba commenting on Shezi’s arrest and his subsequent court appearance. He said:
Today is not the right time for me to lay bare my entire story and how I suffered at the hands of a man trusted as the matter has just gone to court.
CEX.IO Exchange has reduced the fees for withdrawal to Visa cards to 2.5%
Currently, this is the lowest commission for withdrawal to Visa cards among all cryptocurrency exchanges. This promotion will not last long, so hurry to take advantage of this opportunity and register right now!
South African Regulator ‘Welcomes’ Binance’s Decision to Terminate Certain Services in the Country
A South African regulator, the Financial Sector Conduct Authority (FSCA), says it welcomes Binance’s decision to stop offering some of its services to South Africans.
Productive ConsultationsIn a statement, the FSCA suggested that the move by the cryptocurrency exchange came after it held “productive consultations” with the regulator. As previously reported by Bitcoin.com News, Binance announced it was terminating some of its services in South Africa in order to comply with regulations.
In its initial warning that prompted Binance to act, the FSCA alleged that the crypto exchange had contravened certain financial sector laws including the Financial Markets Act (FMA) as well as the Financial Advisory and Intermediary Services Act, 2002 (FAIS Act).
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Closed deal FTM/USDT
Open: $0.26867, 06.08.2021
Close: $1.3955, 08.09.2021
Profit: +419.41%
Duration: 33 days
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What Is FTM?
Fantom is a directed acyclic graph (DAG) smart contract platform providing decentralized finance (DeFi) services to developers using its own bespoke consensus algorithm.Together with its in-house token FTM, Fantom aims to solve problems associated with smart-contract platforms, specifically transaction speed, which developers say they have reduced to under two seconds.The Fantom Foundation, which oversees the Fantom product offering, was originally created in 2018, with the launch of OPERA, Fantom’s mainnet, coming in December 2019.
The platform’s compatibility with Ethereum means that users can purchase an ERC-20 standard FTM, which is automatically converted to native FTM once received to their wallet. Another version of FTM is available on Binance Chain using its BEP2 standard. Only the native FTM can be used on the Fantom OPERA mainnet itself.
Fantom attempts to use a new scratch-built consensus mechanism to facilitate DeFi and related services on the basis of smart contracts.
The mechanism, Lachesis, promises much higher capacity and two-second transaction finalization, along with improvements to security over traditional PoS algorithm-based platforms.
Matching Ethereum, the project appeals to developers looking to deploy decentralized solutions. According to its official literature, its mission is to “grant compatibility between all transaction bodies around the world.”
Its in-house PoS token, FTM, forms the backbone of transactions, and allows fee collection and staking activities, along with the user rewards the latter represents.
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Phoenix: BlockFills unveils new professional-grade crypto trading platform
BlockFills, a cryptocurrency trading technology company, announced today the release of Phoenix, its new Software-as-a-Service (SaaS) crypto interface designed for institutional clients to access the company’s proprietary cryptocurrency trading technology and liquidity.
LD Capital Establishes $50M FOF for Supporting High-Quality Blockchain Funds Worldwide Including 1kx
PRESS RELEASE. LD Capital announced it established a 50 million US dollars FOF towards supporting high-quality blockchain funds worldwide. Besides the financial support, hundreds of the projects invested by LD Capital will be shared as resources to the participated funds with post-investment services such as strategy consulting, market growth, and capital relations to enable the outstanding blockchain projects.
LD Capital FOF has invested in well-known global funds like 1kx, Kraken Ventures, Republic, Shima Capital, Big Time Eco-fund, Signum Capital, and Hero Ventures. LD Capital FOF will continue to invest global top tier blockchain funds, reach strategic cooperation with more outstanding funds, enable excellent blockchain projects, and promote the development of the blockchain industry.
Biggest Crypto Adoption Rumours: Apple, Amazon, and Walmart
Cryptocurrency circles were filled with reports that Walmart has entered into a partnership with Litecoin to begin accepting the crypto as payments. However, the news turned out to be false and left the markets in chaos as prices swung wildly. In light of this, we explore some of the biggest cryptocurrency adoption hoaxes that have plagued the ecosystem in 2021.
Walmart And LitecoinIn the early hours of Monday, major news outlets reported that retail giant Walmart had struck a partnership with Litecoin in a deal that will see Walmart accept Litecoin as a means of payment. In response to the news, Litecoin experienced a flurry of activity that sent its value soaring by around 20% in a matter of minutes.
Litecoin climbed from $178 to reach a high of $233.06 in a short period. However, things came crashing down after Walmart refuted the story saying that “it had no relationship with Litecoin.” Globenewswire in a notice warned that individuals should disregard the news release that Walmart had agreed to a partnership with Litecoin. As the refutations went mainstream, Litecoin shed the gains that it had acquired.
Oil Producers and Bitcoin Miners Meet in Texas to Discuss Cooperative Mining Possibilities
A meetup in a vehicle warehouse in Houston served as an encounter point for oil producers and bitcoin miners to talk about possible on-site crypto mining opportunities last week. More than 200 investors attended the meeting to talk about an alliance, that would allow oil producers to make more efficient management of their resources and miners could take advantage of direct sources of energy that would be wasted otherwise.
Oil Producers and Miners Meet to Talk Bitcoin MiningSeveral oil producers and bitcoin miners met last week in Texas to talk about the possibilities of on-site mining that Texas energy producers could bring for them. The meetup, that happened in a vehicle warehouse in Houston, served as a point of encounter to examine these possibilities. Oil wells that are not so big to build pipelines into their operations usually burn the natural gas pockets encountered on site.
However, bitcoin (BTC) mining can provide a better solution. This natural gas can be used to power generators that would feed micro mining operations in each well. This arrangement would bring benefits to both miners and producers and would be also beneficial to the environment, not having to burn this gas to release it into the atmosphere.
Parker Lewis, part of the people organizing the meeting, stated to CNBC he was confident in the success of the meetup. He stated:
“I just knew Houston would be prime to explode because of the energy connection to mining – if we organized a good meetup.”
Hayden Griffin Haby III is the product of the amalgamation of these two worlds. He is an oilman that is also a bitcoin miner. Haby stated that when he understood the return of a bitcoin mining operation, he just had to jump into the bitcoin bandwagon. He stressed:
When I heard that you could make this much money for gas instead of just burning it up into the atmosphere, thanks to the whole ‘bitcoin mining thing,’ I couldn’t look away.
Taking Advantage of China’s OustingOne of the key targets of Texas’ oilmen is to capture the numerous bitcoin mining entrepreneurs that are still looking to relocate their operations after being ousted from China. Alejandro de la Torre is one of these miners that are still shipping mining rigs from China to the U.S. He declared these miners were in several Pacific ships waiting to be delivered to ports.
However, many of these deals are done secretly and aren’t disclosed to the public eye. Some deals are protected by nondisclosure agreements and other players in the space just don’t want to talk about their relationships because it would give competitors in the space an edge.
Crypto payment gateway ForgingBlock to integrate Polygon
ForgingBlock, a decentralized cryptocurrency payment gateway, announced today that they have started to integrate Polygon, a platform for Ethereum scaling and infrastructure development.
The payment gateway includes e-commerce plugins, payment APIs, a checkout page, and servers with high security and can be easily integrated for both merchants and the Polygon developer community.
This development supports the Polygon blockchain ecosystem by providing a secure and user-friendly payment gateway for merchants and developers who want to use payment functionality, such as donations and e-commerce payments, in their decentralized applications.
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Closed deal IOTX/USDT
Open: $0.021736, 04.08.2021
Close: $0.070366, 24.08.2021
Profit: +223.73%
Duration: 21 days
Briefly about the instrument:
IoTeX is the decentralized backbone for machine economics which serves machines ranging from smart home devices to autonomous vehicles. To this end, IoTeX has built and launched a fast, high-performance, and EVM-compatible blockchain that provides flexibility and scalability for various applications. Also, middlewares and Dapps are built on top of the blockchain to bring self-sovereign devices and real-world oracles into reality.
IoTeX has several mechanisms that ensure the privacy of users and transactions. Some of these are ring signatures and the reliable payment code that hides the transaction receiver’s address. Delegated proof-of-stake works by having stakeholders vote for the block producers on the network. The number of block producers is set and once they are elected, they are responsible for adding new blocks to the blockchain. For doing it, they receive rewards that they can distribute to the stakeholders who voted for them, incentivizing block producers to continue working and stakeholders to continue voting for block producers.
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Great deal from the first half of August. Very fast, very profitable.
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Closed deal DENT/USDT
Open: $0.00231274, 04.08.2021
Close: $0.00462374, 13.08.2021
Profit: +99.92%
Duration: 9 days
Briefly about the instrument:
Dent is a revolutionary player in the market of mobile communications and data services. Today, around half of the world’s population has restricted access to mobile services because of the high prices traditional mobile carriers offer. Dent brings in the power of blockchain technology to revolutionize this and provide global access to mobile airtime and data.
Dent eliminates the understanding that your mobile data is tied to your location by becoming a global digital mobile operator. Dent offers plans that suit today’s global citizens’ needs by removing roaming fees and introducing international mobile plans. Everything on the Dent platform is purchased through DENT tokens, meaning that all transactions are recorded on the blockchain, and there is no chance for a customer to pay for something and not receive it. Unlike traditional mobile operators, Dent aims to make mobile airtime and data available globally to anyone interested, regardless of their location.
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Not sure what to do with ERC-20 tokens of failed projects?
Project iQuantXchange (https://iquant.exchange) swap ERC-20 tokens of failed projects for IQX token. The startup has been around for over a year, and during that time it has established itself as a stable platform for swapping worthless tokens for the promising IQX token, which will become the utilitarian token of their new exchange service.
The iQuantXchange will distribute all proceeds from transaction fees to all IQX token holders and is potentially a very powerful investment tool. So powerful, in fact, that some users are buying tokens from failed projects to exchange them for IQX.
To participate in this swap you just need to go to their website https://iquant.exchange, go to Swap Rate Checker section and enter the token you want to get rid of. You will be shown the exchange rate. Then just register and make the exchange. Get answers to questions about this project you can here: https://iquantx.medium.com/learn-about-the-project-from-this-faq-948250871307 or in the project's Telegram group @iQuantX
Ethereum, Bitcoin, Cardano Are Most Popular Cryptocurrencies in Singapore, Survey Shows
A new study shows that ethereum is the most popular cryptocurrency among more than 4,000 adults surveyed in Singapore. The second-most popular crypto is bitcoin, followed by cardano.
Singapore-Based Crypto Investors Prefer Ethereum, Bitcoin, CardanoThe new 2021 State of Crypto in Singapore, a joint study by Seedly, Gemini, and Coinmarketcap, was published Monday. It contains a survey of 4,348 Singapore-based adults ages 18 to 65 across varying household incomes.
The survey was conducted between June 29 and July 9. It included 2,862 respondents who said they were current crypto holders and 1,486 respondents who said they were non-crypto holders. One in five crypto holders surveyed were women.
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Whales Move $705,000,000 in Bitcoin and Ethereum As Market Bounces – Here’s Where the Crypto Is Going
Crypto whales are moving heaps of Bitcoin (BTC) and Ethereum (ETH) as crypto market volatility picks up.
The on-chain crypto tracking system Whale Alert is flagging a handful of remarkably large transactions.
One mystery whale sent 36,000 ETH, worth about $100 million, to an unknown wallet address on Thursday in its second million-dollar ETH transaction over the past 24 hours.
A separate Ethereum whale passed along 23,800 ETH, worth $64 million, to an unknown crypto wallet in the same 24-hour period, according to Whale Alert.