Plato Digital Inteligence

Two Versions of Digital Dollar Emerge as Contenders, but Unlikely to Come Soon

Source Node: https://cointelegraph.com/news/two-versions-of-digital-dollar-emerge-as-contenders-but-unlikely-to-come-soon

Time Stamp: April 8, 2020 3:20 PM - Modified On: May 21, 2021 - Published By:

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Republished By Plato

The coronavirus pandemic is the biggest global crisis since the events that sparked the creation of Bitcoin (BTC) in 2008, and is one that will also have long-lasting effects on the economy. World governments are taking unprecedented measures to cope with the economic fallout of the virus, namely through the third coronavirus relief bill, which was approved by the United States Congress earlier this month and constitutes the biggest stimulus package in the country’s history at $2.2 trillion.During the negotiations for the third emergency bill, one of the drafts submitted

Exclusive: US Congressional Watchdog on Prototyping Smart Contracts

Source Node: https://cointelegraph.com/news/exclusive-us-congressional-watchdog-on-prototyping-smart-contracts

Time Stamp: April 8, 2020 2:42 PM - Modified On: May 21, 2021 - Published By:

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The supreme audit institution of the United States, the Government Accountability Office (GAO), posted two job positions with its Innovation Lab concerning the development of prototype applications for blockchain technology during March.Cointelegraph spoke to Chuck Young, the managing director of public affairs at GAO, to find out more about the agency’s interest in distributed ledger technologies, or DLT.GAO to refine auditing processes for blockchainYoung stated that GAO's primary application for blockchain will be as “a digital financial ledger” — indicating that the chief auditor is planning to use blockchain to

The Platform Is Set for Virtual Conferences: Will It Live Up to Its Promises?

Source Node: https://cointelegraph.com/news/the-platform-is-set-for-virtual-conferences-will-it-live-up-to-its-promises

Time Stamp: April 8, 2020 1:09 PM - Modified On: May 21, 2021 - Published By:

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Republished By Plato

As the global economy struggles to adapt to the rapid changes the coronavirus pandemic has forced upon the world, the virtual conference space is booming. The need to engage, communicate and expand our network has perhaps never been so necessary as businesses struggle to survive what may be the next great economic depression. Blockchain and cryptocurrency are sectors of the financial technology industry that are used to leading the way when it comes to innovation, and it’s no surprise that blockchain conferences are quickly moving online in an effort to keep

Here’s How the Crypto Sector Is Navigating the Pandemic’s Challenges

Source Node: https://cointelegraph.com/news/heres-how-the-crypto-sector-is-navigating-the-pandemics-challenges

Time Stamp: April 8, 2020 12:01 PM - Modified On: May 21, 2021 - Published By:

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Despite hopes that a peak of the coronavirus cases is near, the pandemic continues to impact almost every aspect of daily life, becoming a rolling news ticker in itself. When such a disaster strikes, it can be easy to go through each day devouring the latest news as it occurs and digesting each piece as a story by itself without forming an overall picture.This pandemic is a seismic event with far-reaching impacts across different sectors, and crypto is no exception. In fact, because cryptocurrency markets move at breakneck speeds, the

Zoom Data Scandal Shows Blockchain May Be the Future of Communications

Source Node: https://cointelegraph.com/news/zoom-data-scandal-shows-blockchain-may-be-the-future-of-communications

Time Stamp: April 8, 2020 10:41 AM - Modified On: May 21, 2021 - Published By:

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Republished By Plato

As people around the world started following shelter-in-place orders, popular video conferencing platform Zoom quickly gained new users, noting in a recent blog post that it had reached more than 200 million daily users last month, up from 10 million in December. From virtual conferences to online birthday parties, thousands of individuals have flocked to Zoom in an attempt to remain social at a time when social gatherings are banned.Yet, while Zoom may have seemed like the perfect alternative to in-person gatherings, a major security flaw has been lurking in

Dutch Brokerage Platform Launches Crypto Trading Across Europe

Source Node: https://cointelegraph.com/news/dutch-brokerage-platform-launches-crypto-trading-across-europe

Time Stamp: April 8, 2020 10:15 AM - Modified On: May 21, 2021 - Published By:

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In response to the growing demand for cryptocurrency trading, Dutch retail brokerage platform BUX launched its commission-free cryptocurrency trading platform BUX Crypto.In a statement published April 8, the company announced that BUX Crypto is now available across 25 European countries.BUX stated that its new offering aims to bring new traders into cryptocurrency markets by simplifying the crypto trading process. BUX CEO and founder Nick Bortot said:“We see BUX Crypto as a natural extension of our current lineup, which is focused on offering products that make it simple and affordable for

Chicago DeFi Alliance Launches to Save Decentralized Finance

Source Node: https://cointelegraph.com/news/chicago-defi-alliance-launches-to-save-decentralized-finance

Time Stamp: April 8, 2020 8:58 AM - Modified On: May 21, 2021 - Published By:

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Amid the apparent ongoing collapse in decentralized finance (DeFi) lending, a group of major trading and cryptocurrency companies in the United States are launching an alliance to support the sector.Introduced on April 7, the Chicago DeFi Alliance (CDA) aims to provide DeFi-focused startups and entrepreneurs with support and guidance in complying with trading regulations and other applicable requirements.Chicago DeFi Alliance to share its expertise to boost DeFi liquidity and marketsAccording to a blog post by crypto fund Volt Capital, a founding member the CDA initiative, the alliance also includes major

OTC Spreads Exceeded 10% Amid Bitcoin’s Violent March Crash

Source Node: https://cointelegraph.com/news/otc-spreads-exceeded-10-amid-bitcoins-violent-march-crash

Time Stamp: April 8, 2020 8:52 AM - Modified On: May 21, 2021 - Published By:

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Over-the-counter (OTC) liquidity provider B2C2 has published a report analyzing the trading spreads exhibited across its Bitcoin (BTC) market and three leading institution-facing spot exchanges throughout March.The study finds that spreads widened significantly amid the dramatic crash of March 12–13, the largest drop in the price of Bitcoin since 2013.Bitcoin order spreads exceed 10% immediately on March 13As the crash began on March 12, bid-ask spreads for batches of 25 BTC bounced from close to single-digit basis points to 200 on its platform — equating to roughly 5%. The report also

High Court Delivers Judgement on User Assets at Hacked Exchange Cryptopia

Source Node: https://cointelegraph.com/news/high-court-delivers-judgement-on-user-assets-at-hacked-exchange-cryptopia

Time Stamp: April 8, 2020 7:11 AM - Modified On: May 21, 2021 - Published By:

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Hacked cryptocurrency exchange Cryptopia today informed its users that the High Court of New Zealand has delivered its judgment on the status of their compromised assets.In a tweet thread published on April 8, the exchange shared the 74-page court document detailing the judgment, summarizing:“Today, 8 April 2020, Justice Gendall delivered his judgment finding firstly, cryptocurrencies are “property” [...] and secondly, that account holders' cryptocurrency were held on multiple trusts, separated by individual crypto-asset type. This means that the cryptocurrencies are beneficially owned by the account holders and are not assets

Italian Red Cross Builds COVID-19 Medical Post With Donated Bitcoins

Source Node: https://cointelegraph.com/news/italian-red-cross-builds-covid-19-medical-post-with-donated-bitcoins

Time Stamp: April 8, 2020 7:07 AM - Modified On: May 21, 2021 - Published By:

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Republished By Plato

On April 5, Italy’s “blood donation day,” the Italian Red Cross constructed an advanced medical post using funds generated through a crypto fundraiser.The Italian Red Cross has raised nearly $32,000 through cryptocurrency donations in less than one month. Roughly $22,000 has been used to finance the construction of the initiative’s first advanced medical post in the town of Castel Gandolfo near Rome. The funds were spent by the initiative to purchase a pneumatic tent that will house the medical post, in addition to other materials. The tent was erected during Italy’s

Decentralized Crypto Exchange Disables Trading Due to ‘Critical Security Vulnerability’

Source Node: https://cointelegraph.com/news/decentralized-crypto-exchange-disables-trading-due-to-critical-security-vulnerability

Time Stamp: April 8, 2020 5:04 AM - Modified On: May 21, 2021 - Published By:

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The developers behind the peer-to-peer cryptocurrency trading platform Bisq have temporarily disabled services after discovering a critical security vulnerability.Formerly known as Bitsquare, Bisq is a decentralized exchange (DEX) that facilitates crypto-to-fiat trades without a formal intermediary. In a community announcement posted on April 8, the developers said that they were investigating the security issue, telling users:“If you have any active trades right now, please DO NOT send any funds.”The devs add that it is “especially important” for users not to send any funds if they are involved with any of

SoFi Acquires Payment Processor Galileo in $1.2 Billion Deal

Source Node: https://cointelegraph.com/news/sofi-acquires-payment-processor-galileo-in-12-billion-deal

Time Stamp: April 8, 2020 3:58 AM - Modified On: May 21, 2021 - Published By:

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Republished By Plato

California-based and crypto-friendly financial firm Social Finance — SoFi — is acquiring the digital payment platform Galileo.In an April 7 press release, SoFi announced that it has signed an agreement to pay $1.2 billion for Galileo Financial Technologies. According to a CNBC report, the payment will consist of $75 million in cash, $875 million in stock, and $250 million in seller financing debt.SoFi CEO Anthony Noto addressed how the partnership will help in the current financial market:“Together with Galileo, we will partner to build on our companies’ strengths to drive

Exclusive: US Congressional Watchdog on Prototyping Smart Contracts

Here’s How the Crypto Sector Is Navigating the Pandemic’s Challenges

Dutch Brokerage Platform Launches Crypto Trading Across Europe

Chicago DeFi Alliance Launches to Save Decentralized Finance

OTC Spreads Exceeded 10% Amid Bitcoin’s Violent March Crash

High Court Delivers Judgement on User Assets at Hacked Exchange Cryptopia

Italian Red Cross Builds COVID-19 Medical Post With Donated Bitcoins

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