Although 2020 was a fantastic year for cryptocurrency, it wasn’t all smooth sailing. The two most valuable cryptocurrencies have been gaining value all through the year. BTC (Bitcoin) a few days ago hit $27,000, and ETH (Ethereum) is also steadily rising now, going for more than $700. This spike in prices has been a big motivator for hackers back in 2017 and now. In 2017, Bitcoin went on its first-ever bull run and peaked at $20,000 per coin. It was during this time that hackers pounced on NiceHash, a Crypto Mining Pool. By the time it was all said and done, the hackers had stolen a total of 4640 Bitcoins valued at $55 million and $104,629,328 by the time this article was published.

Three years later, NiceHash says it has fully reimbursed the users who lost their valuable digital assets. For three years, the Slovenia-based company has regularly waived its profits to make its customers whole. According to the letter provided by CEO Martin Skorjanc, they do not regret the decision to make their clients whole again. According to Skorjanc, the repayment being complete signals a new chapter for the company and a new growth and development era. In an email to CoinDesk, CMO Andrej Skraba revealed that they had been using money collected as fees on its platform to repay their clients.

EXMO Hacked!
A few days ago, EXMO, a UK-based crypto exchange platform with offices in Kyiv, Moscow, and London. The latest cyberattack victim has confirmed that it lost about 5% of its total assets being held in hot wallets. The company said that it noticed some large withdrawals from the exchange where a security audit shows significant amounts of BTC, ZEC, XRP, USDT, ETC, and ETH being sent outside the business. In this hack, only funds located in the hot wallet were stolen. Any crypto in a cold wallet EXMO said didn’t warrant any concern since these funds were safe.

Upon discovering the hack, EXMO updated their clients and immediately took action. Until further notice, the company has suspended all withdrawals and requested its customers not to deposit any more funds into the platform. In a bid to keep their clients happy and stress-free, EXMO categorically stated that if your account had been affected, you would be reimbursed. Unlike most of the other exchanges, EXMO prided itself in keeping about 5-10% of its assets in hot wallets to make the process of withdrawal much faster and easier.

Read the complete post in here: https://crypto.co/technology/nicehash-mining-pool-reimburses-all-users-exmo-hacked/

The global healthcare industry has been steadily on the rise for years. In 2018, the industry was valued at more than 8.45 trillion dollars and rising. However, the current systems in place are not adequate. The healthcare system is not as efficient as stakeholders in the industry would like. It’s plagued with cost overruns and inefficiencies. These factors can deteriorate the system even further if left unchecked. The good news is that blockchain technology holds some of the answers to these very dire needs. Here is how:

• Patient-Centered Medical Records

In this day and age, data is one of the most valuable assets in any industry. Today, it’s the medical institutions that control and keep safe medical data for patients all over the world. Although most of these records are kept under lock and key, they aren’t usually accessible to the patient without bureaucracy and waiting.

• Improving Privacy, Security, and Reliability

As it is today, technology experts mainly believe in cloud data storage. Data stored in the cloud is more comfortable to access and cannot easily be destroyed when there is a fire catastrophe. Although data silo is easily accessible by the institution because it’s usually hardwired to the system, it becomes a real challenge to share such data with other medical institutions.

• Fraud and Prescription Drugs

Fraud relating to prescription drugs is at an all-time high. Opioid addiction and dependence have created a booming business for evil people who have devised ways to cheat the healthcare system. These fraudsters have developed techniques such as doctor shopping. A method where a person visits as many doctors as possible to get many prescriptions.

• Tracking Shipments and Preventing Counterfeit Drugs

Counterfeit drugs have been a big challenge for the health industry for years now. Unscrupulous manufacturers make drugs that aren’t as efficient or safe as the original ones and ship them to consumers worldwide.

Read the complete post in here: https://crypto.co/technology/revolutionizing-healthcare-through-blockchain-technology/

Wow this is so interesting !!

BTC (Bitcoin), the most favored and dominant cryptocurrency in history has once again breached another mark. Today, its price soared to $25K and setting a new all-time high in crypto history. The cryptocurrency is strongly going on a consistent price rally.

Bitcoin started trading at merely $7,189 at the start of the year as per data from Crypto.co. From then on, the price of the virtual asset continued to climb. Despite its crazy swings given its volatility, its price has been consistently bullish breaking ground every now and then. Finally, it has set another record today, the highest in its history.

Bitcoin has increased by 247% from its price at the beginning of 2020. The current price rally was an effect of the massive adoption by institutional investors.

Prices of other altcoins are also following suit. ETH (Ether) has increased by 7.17% with its price at $627  after declining at $585 this week. XRP on the other hand has rebounded after recording its lowest price at $0.215. Its price made a big jump by 75%  and is currently trading at $0.37. The recent price dip was a result of a new lawsuit filed by the U.S. SEC on Dec. 22.

As of writing, Bitcoin is currently trading at $24,852.81. With BTC brushing the $25K mark, is it going to smack the $30K on its next swing? What’s going to be next for Bitcoin? Will it continue to dominate or will it be outperformed by other cryptocurrencies next year? Your thoughts.

Read more on: https://crypto.co/technology/bitcoin-reaching-25k-mark-setting-an-all-time-high-in-history/

Hello team..

I bring this discussion to the table. What do you think it will be Bitcoin on 2021??
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It has been a great year for cryptocurrencies in general. Some of the bigger cryptocurrencies saw a lot of increase in value which made a lot of people earn profits. Because of how well crypto has been doing, there is a lot of attention surrounding it. Seeing that the results of the 2020 general elections in the US have been verified. The president-elect Joe Biden’s administration will have to take over the mantle of regulating this industry in the US.

Over the next couple of years, US federal agencies will be at the front line in creating policy and regulation in this arena. As with all the major appointments, heads of these agencies such as the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) are expected to be announced in the coming months.

The Clarity in Securities Law
Last year, the SEC launched the Framework for Digital Assets which is supposed to be a sort of rule and guide book into the rules and regulations of dealing with digital assets such as cryptocurrency. Although a valiant effort, this framework has left many unanswered questions and raised new and valid ones. For instance, it’s not clear how the Howey Test will be applied in a decentralized network or who an “Active Participant” is.

The DeFi Market
DeFi has had one of the most incredible years so far. With a little under $3 billion in assets under management at the beginning of 2020, the industry now boasts close to $14 billion which is no small feat. This is according to recent data in the DeFi Pulse. However, there are several red flags in several agencies regarding how funds are being raised to support this DeFi boom. The method used was similar to the ICO bomb back in 2017.

If the United States is to be at the forefront of cryptocurrency innovation, it has to develop regulations that balance US values, foreign policy interests, and demand for adoption. This way, all the players in the industry feel protected and safe which will make the industry grow that much faster and attract more players.

You can read the complete post in here: https://crypto.co/technology/u-s-crypto-regulation-will-there-be-changes-in-2021/

Cred is a decentralized lending platform based in San Francisco, California. It facilitates open access to credit based on Ethereum. It was founded by Dan Schatt and Lu Hua in 2017.

On Nov. 7, the company filed for Chapter 11 bankruptcy protection due to alleged fraud committed by its former executive. Cred has an estimated asset between $50-$100 million in assets but $100-$500 million in liabilities.

As stated in a press release, Cred has appointed Grant Lyon to the company’s board to oversee the restructuring process. Also, it has also hired MACCO Restructuring Group as a financial adviser to evaluate M&A and other restructuring opportunities.

Cred has prior suspended withdrawals and deposits in October before filing for bankruptcy.

But Cred’s lawyer, Paul Hastings LLP partner James Grogan stated that:

“There’s no evidence that anybody has done anything wrong since the [bankruptcy was filed]. We’re not here to sprinkle holy water on what the debtors did pre-petition. Nobody thinks that this company was well-run or was a model for business schools.”

Judge Dorsey shared his statement after denying the U.S. Department of Justice motion to appoint a Chapter 11 trustee.

“There’s no doubt in my mind that there were shenanigans going on [before the bankruptcy case was filed].”

He has delayed a motion to give chance to UpgradeYa, one of the creditors to retrieve its crypto ahead of the other creditors. The company wants to secure a 2 million loan or 478.17 BTC from Cred (in fiat). This is around 11,000 with bitcoin’s current price at $22,997 as of writing.

Read the complete news in: https://crypto.co/technology/the-latest-news-on-crypto-lender-cred-bankruptcy-hearing/

Blockchain is one of the technologies that has brought the world to a halt. In the future, it will be impossible to live without blockchain.

One of the key things that give blockchain a strong edge is using DLT (Decentralized Ledger Technology). It is a decentralized open ledger that promotes transparency.

Many industries have benefited from blockchain, and the Supply chain industry is one of the main ones that have bagged the innovation. Blockchain has mainly been used for multiple integrated applications in the industry.

Singapore Supply Chain
Singapore has one of the most advanced supply chain systems in the world. It is taking advantage of pf Blockchain to ensure there are efficient asset tracking and traceability. This is very applicable in the current world, especially post-pandemic.

Blockchain supply chain
In the supply chain, tracking is very crucial, and traditionally it takes a long time as there are many parameters involved due to fragmented logistic networks. The supply chain network is not linear, as it involves a big range of networks with a complex ecosystem of suppliers, partners, and customers.

Since DLT enables an open ledger, it cuts down on time taken to do tracking and movement of goods in the chain. That enables a fast and smooth flow of goods in the chain, which makes everything easier.

The open ledger makes sure that there is more visibility in the movement of goods across the chain. Since it is immutable, there is accurate and timely supply chain data. This helps to cut down on the inefficiencies and risks, especially when it comes to global value chains.

What does the future hold?
As mentioned earlier, blockchain adoption is on the rise, and Singapore is a good example. As the world understands the technology more, they will be open to embracing it. We are always in the plight of innovation to solve our everyday problems. Singapore has been a pacesetter for other countries; companies and industries will jump on the board.

There are hopes that the global supply chain will take a total shift with more innovation in it.

Red the complete post in here: https://crypto.co/technology/is-supply-chain-management-the-biggest-dlt-use-case/

This year has been an amazing one for cryptocurrencies in general. As many of the world’s industries were dwindling as a result of the coronavirus pandemic, the cryptocurrency just got bigger every day. Unlike a couple of years ago, the market has changed significantly. Although the underlying blockchain technology is still being refined, there is still a lot of work to be done. While some digital assets did exceptionally well, others weren’t so lucky. Here are some of the biggest crypto winners and losers in the cryptocurrency world for the year 2020.

BTC (Bitcoin)

Although newer cryptocurrencies are being invented almost every other day, Bitcoin hasn’t gone out of fashion. Most pundits have said that its bull run in 2020 has been something from legend. Starting the year at around $9,500, Bitcoin has been on a crazy run. By the end of November 2020, the cryptocurrency shocked many as it hit $19,857, which represents a 177% increase.

ETH (Ethereum)

Ether has also been incredibly profitable crypto this year. With a market capitalization of $68,127B, Ethereum has shown critics that it’s a powerful contender all the same. Starting the year at about $125, this altcoin gained in value to about $600 at its peak this year, representing a 380 percent growth within one year. Unlike Bitcoin’s blockchain network.

LTC (Litecoin)

Litecoin is yet another favorite for 2020. Although it might not have had some bullish runs like its counterparts above, it’s still made some impressive moves in 2020. During the beginning of the year, the altcoin traded at around $35, a proper contrast from $85 it is at today.

XRP (Ripple)

Ripple is one of the biggest cryptocurrencies out there in terms of market capitalization. Its goals and concepts aren’t like others in this group. That’s because while these others lean largely to individual users, Ripple is more centered toward financial institutions.

What do you think??

Read more in: https://crypto.co/news/2020-crypto-biggest-winners-and-losers/

Visa Partners With Circle To Enable USDC Payments
 
Visa, a credit card giant, just announced it would be linking its network to the US Dollar Coin (USDC) by Circle Internet Financial. Through this partnership, Visa will provide a credit card that will allow companies to make payments with the digital currency. To use these new products, users will have to intergrade USDC software into their platforms.

While commenting on the new partnership, Cuy Sheffield, Visa head of Crypto, has this to say:

“We continue to think of Visa as a network of networks. Blockchain networks and stablecoins, like USDC, are just additional networks. So we think that there’s a significant value that Visa can provide to our clients, enabling them to access them and enabling them to spend at our merchants.”

BTC Markets Expose Personal Data For Over 270k Users

BTC Markets, an Australian based cryptocurrency exchange, recently exposed its users’ personal data in what it claims to be an accident.

As per reports, the exchange revealed the names and email addresses of over 270000 users when it sent out mass emails. The error occurred when the exchange accidentally added the names and addresses placed in the ‘to’ section instead of addressing each user. The email was sent in batches of 1000 recipients. The exchange could not stop the emails once they initiated.

Notably, no financial information or passwords were included in the breach. However, the incident has exposed BTC Markets to phishing attacks.

US Authorities Extradited A Man Allegedly Involved In The Airbit Club Crypto Scam

US Justice Department recently extradited a man from Panama who is believed to be one of the global cryptocurrency Ponzi scheme AirBit Club co-founders.

Gutemberg Dos Santos, who holds dual citizenship from Brazil and the United States, was extradited to the U.S. from Panama on Nov. 23, 2020.

In August, US authorities arrest five individuals in relation to the scheme. Along with his co-defendants, Dos Santos managed to dupe investors over $20 million through a fake crypto mining and trading company. According to reports, the scheme began its operations in September 2015.

Crypto Community Vote No To Stablecoin Bill

Three-member of Congress recently proposed a bill that would heavily regulate stablecoin issuers. The bill, Stablecoin Tethering, and Bank Licensing Enforcement (STABLE) Act was announced by Rashida Tlaib and co-sponsored by Representative Jesús “Chuy” García and Representative Stephen Lynch.

Following the announcement, the crypto community used various channels to oppose the bill. The community strongly opposed the bill’s direct aim at stablecoin companies such as Tether. The Bill seeks to have stablecoin issues to have a banking charter and be approved by the Federal Reserve and FDIC.

Reportedly, the bill is aimed at protecting lower and middle-income consumers who found themselves locked out from traditional banking systems. However, many in the crypto community believe the bill will do the opposite of what it is intended. Meltem Demirors, CoinShares’ Chief Strategy Officer, explained:

“Cryptocurrencies LOWER the cost of servicing populations that have historically been excluded from the banking sector. Raising costs and compliance obligations forces companies to cut access for unprofitable clientele.”

Read more news in: https://crypto.co/technology/crypto-weekly-news-visa-and-crypto-cards-btc-markets-expose-user-data-us-authorities-extradited-airbit-club-crypto-scam-co-founder-and-crypto-community-vote-no-to-stablecoin-bill/

It’s an incredible time for BTC (Bitcoin) investors all around the world. Once again, the oldest cryptocurrency is on a bull run and is nearing the 2017 all-time high of $20,000. Unlike back in 2017, this bull run might be here to stay, at least for a bit. Analyzing these two occurrences, we see two major differences. First is the absence of initial coin offers (ICO). Second, you have the institutional investors’ involvement. Back in 2017, almost every other company out there with a digital asset had an ICO.

Problems Early-stage Crypto Projects face
Theoretically, ICOs were meant to solve fundraising issues without involving the authorities or mediators to oversee the projects. These ICOs were also meant to tackle the issue of liquidity in trading

Decentralized Ecosystems and Liquidity Options
One of the most effective ways of exchanging crypto within a decentralized system is by leveraging automated market makers (AMM).

Several DeFi projects such as Polkastarter, Poolz, and Bounce

Finance building platforms were the bridge between early-stage investors and project owners. All of these projects are endowed with cross-chain swapping protocols that make it possible to exchange the different tokens across the various platforms and blockchain networks.

Read more in here: https://crypto.co/technology/liquidity-auctions-solution-to-liquidity-problem-for-defi-startups/

Ever since blockchain technology came to the scene, it has been quite disruptive in many industries.

I think this is because of the alluring nature of decentralized currency that’s not tied down to any particular government. However, it has not all been sunshine and roses. Because of the more technical aspects of cryptocurrencies, many people and industries have been slow to adopt them.

Regular people like using simple things. Due to the technical side of many of the digital assets available on the market today, most normal people use fiat cash to avoid complexity.

Complex vs. simple currency
Man’s nature is often to find the simplest and most efficient way to do things.

Cryptocurrency and user experience
For any product to become a success, it needs to be simple to use.

Users are expecting the same if not a better user experience
Unlike the beginning of mobile banking, when the interface was ugly and uninviting, the industry has really been hard at work refining their interfaces.

Credibility
Just as it takes people about 30 seconds to make a good impression on someone, so does it take for someone to create a positive or negative impression about a particular platform.

Functionality
Any brilliant UX has the end-user in mind. When applied to an exchange, this should translate into going beyond the norm to make a trader’s life easier than it has been.

You can read the complete post in here: https://crypto.co/technology/crypto-user-experience-needs-to-be-simplified/

In the world of business, IoT has been a game-changer. Businesses now operate with greater efficiency and without the need for human input for many processes.
Although IoT has been revolutionary in the way people do business, it still has a major weakness; security.

Implementation of Blockchain for safety
Although blockchain technology was made famous by cryptocurrencies, its purpose and usability go beyond these basics.

Device coordination
Blockchain technology stands out among its peers. This is because of its capability for scaling, privacy, and reliability.

Better protection
Blockchain technology at its heart has blocks of data on data and transactions that have been facilitated on the network.

Processing transactions
When we talk of transactions on a blockchain network, we are generally speaking about every action being performed by the system’s participants.

You can read more about it in here: https://crypto.co/technology/blockchain-the-key-to-iot-cybersecurity/

Thanks for the comment..

Im kinda new, i posted in here with an ideal of society related stuff..

But yeah maybe is no the right section.

What that means??

Well... a small explanation

In a press release, S&P DJI stated that :

“As the market for cryptocurrency assets has evolved in recent years, investor interest in benchmarking and index-based solutions based on crypto and blockchain assets has grown and reinforced the need for reliable pricing data.”

Meaning that the game has changed and Wall Street will change too.. cryptos are growing so fast and good that next year they will be a force to keep

You can read the whole post in here: https://crypto.co/news/cryptocurrencies-touch-down-in-wall-street-in-2021/

I have reading about XRP like months ago and now has up to 91% WOW thats good for the one who bought earlier

XRP is performing really well, and it rallied 91% in a month. Its performance is obviously due to a driving force behind it.

It is currently competing with big sharks such as BTC (Bitcoin) and ETH (Ether).

The XRP price rally was attributed to the increase in new unique addresses, the buybacks that are happening in Ripple, and Ripple’s possibilities of developing a new product.

You can read more about in here

https://crypto.co/technology/why-xrp-rallied-by-91-in-the-last-month/

Society sucks uh?

Due to the quick response of 0xMaki and company, the attacker was immediately fended off and was only able to exploit between $10,000 and $15,000 from its users.

A lot of money but a good thing is that the losses will be covered by the Sushiswap treasury.

If you are interested in this news you can read more about in: https://crypto.co/ethereum/sushiswap-fends-off-a-midnight-exploit-attack/

Hello people..

Today i leave you here the story of the beginnings of Binance: https://crypto.co/technology/cz-humble-beginnings-how-binance-started/

In the post tells how Changpeng Zhao "CZ" born in Jiangsu, China in 1977; coming from a humble family that was forced to migrate to Canada in the late 1980s after his father was labeled a “pro-bourgeois intellect”.

Imagine that ah? Hard time :/

Well.. he worked at Mcdonalds to help his family when he was a teenager. Studied computer science at Montreal’s McGill University. His first dip with Bitcoin happened in 2013 during a poker game with a bitcoin capitalist. TLDR, he launch Binance in 2017 after ups and downs, and now well, BINANCE is one of the top platforms worldwide.

It really worth to read his story to get inspire, mostly young people.

Messages like this motivate me to keep reading into this crypto world that seems so fascinating.

So, i hope you like the reading, and comment your thoughts. 

Have a great weekend 

 Hello team..

I have a new pos ill like to share with you: https://crypto.co/news/top-5-most-attractive-defi-nft-investments/

The cryptocurrency and blockchain have brought a big shift in the investment trends in the market. Despite the volatility of cryptocurrencies, there is an increase in the number of people adopting it. Contrary to popular belief, the crypto market is not bullish in any way. DeFi assets are appreciating every day, especially from the spike of COVID-19. At the onset of the pandemic, the market shook for a short time, making the price of assets go down before increasing again.

Currently, if you are strategic, you will drink the milk of the land. Some of the DeFi investments/NFT worth checking out include:

• Yearn. Finance (YFI)
• Enjin (ENJ)
• Akropolis (AKRO)
• Meme (MEME)
• Bancor (BNT)

This is not a financial advise, you should read and consider what are the best options for you.

 Have a great day.

Hello people...

I saw this news Wyoming Upcoming Female Senator : A Pro-Bitcoin https://crypto.co/bitcoin/wyoming-upcoming-female-senator-a-pro-bitcoin/

and made me think about which will be the course of bitcoin if senators and other politicians talks about them?

I think is very positive, we could have more options to make payments with easier transacctions.. and also having more use of it i think it become a healthier market right?

   

Hello people..

In this section of beginners i will let you some info about stablecoins:

"A stablecoin is released and distributed according to the prevailing market conditions. Unlike the government-issued currencies, which are only issued depending on monetary policies. The pegging process happens at a given fixed ratio depending on the coin developer to retain significant reserves that are pegged in the currency and then assets covering the stable coin investors. Some coins have been compelled to break their pegs due to insufficient reserves."

If you interested about learning more here i let you the complete post: https://crypto.co/news/a-beginners-guide-to-stablecoins/

Hope it helps you.

Now you both made it sound very easy haha.

Its basically commune sense.. ill appreciated the comments guys..

Thanks 

Have a great weekend.