Business

Blockchain Set to Stamp Out Cheating in World Chess Competition

[ad_1] The 2020 Chess Candidates Tournament in Ekaterinburg, Russia has been postponed due to the coronavirus, but organizers are already looking to the future and how blockchain can give the sport a boost. The tournament pitted eight grandmasters against each other for the right to take on world champion Magnus Carlsen, but had to be halted after seven rounds when news emerged Russia was about to suspend international flights indefinitely.World Chess
EXCHANGES

Bitcoin Hashrate Down 45% – Miners Witness Second-Largest Difficulty Drop in History

[ad_1] Bitcoin’s hashrate has plummeted 45% since the record-breaking levels it saw on Feb. 29. The hashrate touched an all-time high of 136 exahash per second (EH/s) but has since dropped to 75 EH/s. Moreover, the crypto network has seen the second-largest difficulty drop since October 2011. Also read: While You’re Under Quarantine, Check These Sites for Remote Crypto Jobs Bitcoin Hashrate Declines 45% Since All-Time High The latest cryptoconomy
BLOCKCHAIN

Suspicions Grow During BitBay’s 18-Hour Outage

[ad_1] Estonia-based cryptocurrency BitBay has been offline for 18 hours now, citing problems caused by a third-party service provider.On March 26, BitBay tweeted that it was struggling with a “network problem” resulting from their “external service provider.” The exchange stated that it had contacted the provider and was working on resolving the problem.Founded in Poland in 2014, BitBay claims to be the third-largest cryptocurrency exchange in Europe with more than
BLOCKCHAIN

Ripple Labs Donates $200k to Combat COVID-19 Pandemic

[ad_1] Ripple Labs announced a donation of $200,000 to two different non-profit organizations on March 25. These donations will aid in the fight to contain the spread of the coronavirus throughout the U.S.In a tweet published on Ripple’s official profile, the lab stated that $100,000 will go to the Tipping Point Emergency’s Response Fund and the Silicon Valley Community Foundation’s COVID Regional Response Fund, respectively.California’s non-profits favored by the Ripple Labs
BLOCKCHAIN

Bison Trails Announces Support For Solana Protocol

[ad_1] Blockchain infrastructure-as-a-service company and Libra association member, Bison Trails, announced support for Solana on March 26. Solana is an open-source project that implements permissionless blockchain technology.Solana’s protocol uses a new approach to establish the order of blocks, called Proof-of-History, and will be available at mainnet launch on the Bison Trails platform.As the company details, Solana currently supports 50-65K transactions per second and 400ms block times, with 50 nodes on
BLOCKCHAIN

Indian Tech Giant Mahindra Speeds Up Cross Border Transactions with Blockchain

[ad_1] Tech Mahindra, the IT subsidiary of Indian conglomerate Mahindra Group, has become the first Indian business to use R3’s blockchain-based Marco Polo Network for conducting cross-border transactions.It said the platform had resulted in faster reconciliation and ambiguity resolution, as well as the significant reduction of paperwork and time required for the entire transaction cycle.Tech Mahindra partnered with Singapore’s DBS Bank, which facilitated the transactions and acted as the company’s
Business

Cryptocurrency is a Failure as a Currency Says Brazil’s Banking Chief

[ad_1] The President of the Brazilian Banking Federation, Murilo Portugal, has argued that  cryptocurrencies are not really currencies at all.Portugal was speaking in a debate about the 'Impact of the Digital Revolution on the Financial System' at the non-profit think tank, the Fernando Henrique Cardoso Foundation. The debate examined the impact of new technologies on financial services, including blockchain, cryptocurrency, big data, artificial intelligence and fintech.Portugal argued that “cryptocurrencies do
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‘Overwhelming Evidence’ – Prosecutors File Motion to Dismiss Alleged Onecoin Lawyer’s Appeal

[ad_1] While Onecoin’s crypto queen Ruja Ignatova remains at large, U.S. resident Mark Scott is trying to get his verdict acquitted after being accused of helping Onecoin leaders, including Ignatova, launder money and commit fraud. Also read: ‘What Bitcoin Did’ – Scanning the Hottest Cryptocurrency Keywords and Google Searches NYSD prosecutors Cite Strong Evidence Against Lawyer Mark Scott Filings from the New York Southern District Court (NYSD) reveal that the
BLOCKCHAIN

AI Meme Content Creators Benefit From New DeFi Revenue Model

[ad_1] Alethea AI, a decentralized Synthetic Content Network which tracks the usage and intellectual property of AI-generated content, has officially launched a new revenue model leveraging Decentralized Finance(DeFi) for content creators on March 30. DeFi plays an important role Alethea AI’s users can now leverage a new smart contracts revenue model to support their favorite synthetic AI-generated memes creators, according to the announcement. Users staking Dai can generate interest through the Compound.Finance protocol.
Business

EOS to Become More ‘Community-Driven’ as Block.One Seeks to Use Dfuse’s Open-Source APIs

[ad_1] The technology stack behind Dfuse’s advanced blockchain APIs has been made open-source, according to a March 19 announcement. These APIs are primarily used in EOS development. Cointelegraph took the opportunity to interview the CTO of Dfuse, Alexandre Bourget, who revealed some of the far-reaching consequences of this for the EOS community.What is Dfuse?Dfuse provides a high-performance set of APIs to read blockchain data, primarily on EOS and Eosio-based platforms,