The crypto and blockchain world is full innovation, assumptions, and sometimes completely wrong predictions. This post will provide a comprehensive overview of the top crypto news stories this week. There has been a lot of activity in the crypto and blockchain worlds. Here’s a quick overview of the latest crypto news that you might have missed:
Noble Bank in Trouble
Noble Bank International, a full reserve bank that provides real-time post-trade services for OTC markets including FX, cryptocurrencies and other cryptocurrencies, is in danger of going bankrupt. Noble Bank is responsible for the dollar backing of cryptocurrency Tether (USDT). Due to the volatility in cryptocurrency markets, the Puerto Rico-based bank may be facing financial difficulties. According to reports, the bank may be insolvent and close its doors. It is not yet clear what the impact of this will be on Tether or its customers.
The bank, which has a large portion of its assets coming from Tether’s U.S. dollar, is reported to have reached out at least one large holder for the “stablecoin”, but their proposal was rejected.
Ripple xRapid
Ripple xRapid is a cross-border payments product that minimizes liquidity cost. It has been released and is now commercially available. Ripple CEO Brad Garlinghouse made the announcement at Monday’s Ripple annual conference, Swell.
After months of development, xRapid has become one of Ripple’s most popular products. Ripple xRapid is a service and product that will make cross-border payments faster and more cost-efficient. It is now commercially available and in production with several clients, including MercuryFX, Cuallix and Catalyst Corporate Federal Credit Union. xRapid eliminates the need for a pre-capitalized Nostro Nostro account to make cross-border payments. It provides liquidity from XRP on all exchanges around the world. Cross-border transactions are possible in minutes and at a fraction of the cost of traditional solutions.
Cryptocrime Wave
Multiple Arrests Rock Crypto Industry. Criminals value anonymity, privacy, and money. Unfortunately, cryptocurrencies can offer both of these in varying degrees. Many criminal organizations have found this industry to be a very attractive opportunity. They are using these digital gold nuggets as a way to kidnap, launder money, and other illegal activities.
Russian security agents were able to capture a group nuclear engineers working at a top-secret nuclear weapon facility. They tried to use one the country’s most powerful supercomputers in order to mine Bitcoin (BTC). To mine Bitcoin, the engineers attempted to use the superpower’s most powerful computer – a 1 petaflop supercomputer with raw computational power for 1,000 trillion calculations per seconds – The engineers failed to make it work. Security was alerted as soon as they tried to bring the system online and the engineers were arrested.
IBM wins patent for blockchain network security system
IBM Wins Patent
IBM, a multinational American information technology company with headquarters in Armonk, has been granted a patent for a blockchain-based network security system. The U.S. Patent and Trademark Office awarded the patent Tuesday. It was filed for the first time in September 2017. It is a computer program product that can be used to monitor security processes. It allows for monitors to be connected in a chain configuration, by connecting a primary monitor’s network address to a backup monitor.
Patent reveals that a network of monitors connected with a blockchain platform can log events. This allows potential intrusions to be detected and monitored. Hackers might try to hide their activity on a single monitor, but multiple backups will ensure that these events are still recorded.
Ethereum 2.0
Prysmatic Labs Launches Ethereum 2.0 Prysm Demo Version v0.0.0. Prysmatic Labs, a team made up of blockchain engineers, has released Ethereum 2.0 Prysm demo version v0.0.0. Prysm, the first demo version for their Ethereum 2.0 Shasper [Sharding and Casper] project was released by the team. This version 0.0.0 has a basic beacon-chain+validator demo which can perform various tasks.
Along with the rest of the client implementation teams, the team is currently focusing their attention on other things. The developers also plan to focus more on validator rotation and signature aggregation, as well as randomness generation. This is phase 0-1 on the Ethereum 2.0 roadmap, as sharding state execution won’t come until phase 1 or 2.
Acheter de l'argent
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Souvenez-vous de
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