Category: Crypto

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Monero (XMR) To Adopt Kovri Project For Boosting Privacy

An ambitious project called Kovri has been launched in its alpha version by the Monero (XMR) development team for boosting privacy.

Kovri is a project that places Monero network at a much higher level in terms of anonymity of the distributed platforms. This implementation allows that any interaction or transaction of any cryptocurrency cannot be related to any geographical location, by means of routing via I2P.

The Kovri project will become available in the Monero (XMR) network next year.

The risk of linking a geographic location to a cryptocurrency transaction is that if enough data is collected, such as IP address and time of day of the transaction, this information could be verified by authoritarian governments or third parties with malicious intent to determine the final identity of the user. That’s something entirely undesirable for many cryptocurrencies which respect their decentralized nature, including Monero (XMR).

Monero (XMR) adopts Kovri to increase the privacy of its users

The origins of Kovri go back to 2015, when the original author of the I2PD implementation, an alternative version to I2P, whose name is not specified, pretended to be the only contributor to this proposal in GitHub, which generated a deep discontent among other developers and the project lost momentum.

However, months later, a developer, known as Anonimal, rescued the project and started working on it, while recruiting more interested collaborators. Thus, meetings were held in which it was decided to bifurcate the I2PD implementation code base and turn it into what is now known as the Kovri project.

In an episode of OpenHours, the developer explains that this Kovri project will provide much more anonymity to Monero (XMR) transactions, even beyond what this platform is capable of doing since it works with another layer of Internet connection and not with implementations made directly in the Monero blockchain.

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New Coinbase Add-on Facilitates Cryptocurrency Payments Via WooCommerce

Coinbase cryptocurrency exchange announced the launch of Coinbase Commerce, an add-on to the WordPress’ WooCommerce plugin, which would enable the addition of new features within the platform and make it easier for online retailers anywhere in the world to accept cryptocurrency payments.

Through information published in its corporate blog, the cryptocurrency exchange platform explains that Coinbase Commerce will incorporate other features, including the direct payment in Bitcoin (BTC) and Litecoin (LTC), with plans to also add Ethereum (ETH) and Bitcoin Cash (BCH), soon.

The notice states that with Coinbase Commerce payments will be equal to equal, which means that when customers mobilize funds from their digital wallet, they will be sent directly to the address controlled by the merchant being processed in the respective blockchain.

Therefore, they state that neither users nor merchants will have to pay commissions for the transactions they carry out, beyond that which is canceled directly to the network, while the participants will always maintain control of their money.

Coinbase commerce plugin targets to boost cryptocurrency adoption

All these innovations aim to promote the adoption of cryptocurrencies among online shops, to making the cryptocurrency payments system more widespread as part of e-commerce processes.

In this sense, Coinbase had taken several steps forward, since July 25th when it enabled service for the purchase of electronic gift cards with cryptos, which will be available to customers in some European countries. In this case, users will also not pay commissions for exchanging their digital assets for electronic gift cards.

The addition of cryptocurrency payments has also been the goal of other companies, such as the Coingate payment services portal, which launched a pilot program last month that will allow more than 100 online stores and sites to accept Bitcoin (BTC) payments using the Lightning Network (LN) micro-payment network to speed up the process.

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Second-Largest Stock Exchange In Germany To Launch An ICO Platform And A Cryptocurrency Trading Platform

Germany’s second-largest stock exchange, the Boerse Stuttgart, has unveiled plans to develop an Initial Coin Offering (ICO) platform, as well as a multilateral cryptocurrency trading platform, as reported by Finextra yesterday.

The German stock exchange, which in 2017 had a trading volume of about $95 billion in all asset classes, had already presented a prototype of its commission-free cryptocurrency trading platform to the public. The platform, called Bison, is scheduled for release in September.

The exchange is now targeting both the primary and secondary markets through the development of both an ICO platform and a multilateral and regulated crypto trading system.

The ICO platform will facilitate the issuance of crypto tokens, corporate financing, and representation of rights and assets, with the aim of increasing their chances of success.

The ICO platform launch would help the Garmany’s second-largest stock exchange develop a multilateral cryptocurrency trading platform

According to Finextra, Alexander Hoptner, Boerse Stuttgart CEO, said the move to develop the cryptocurrency trading platform is a response to “retail and institutional investors’ demand for a regulated and reliable environment for crypto trading.”

“At the trading venue, tokens issued through our ICO platform can be traded on the secondary market. This is an important success factor for ICOs,” Hoptner added.

Alexander Hoptner added that the purpose of the exchange is to provide “core services along the value chain of digital assets, all under one roof,” so it is developing a comprehensive services infrastructure that will include secure custody solutions for both emerging digital assets and established cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH).

Bison is being developed by local data analysis firm Sowa Labs, which the platform acquired in December 2017 as part of its roadmap to an ambitious “digital strategy”.

Beyond cryptocurrency trading operations, the Bison platform seeks to integrate the underlying blockchain technology to increase the efficiency and security of the transactions.

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Tron (TRX) Is Proud To Present Peiwo APP’s Candidacy For The Tron Super Representative Elections

Justin Sun, the CEO and founder of Tron Foundation and Tron (TRX), informed yesterday, on August 2nd, that the Peiwo APP, the leading voice content community in China, will be a candidate for the Tron Super Representative role. With 10 million enrolled users and 1 million monthly active members, Peiwo APP is becoming the largest DApps on the Tron network.

Peiwo APP, the largest voice content community in China and the world, will run for Tron Super Representative position. With 10 million registered users and 1 million active users per month, it will be one of the biggest DApps on TRON. We welcome other companies to join us.

Justin Sun

The Tron Foundation has indicated that there are more than 62 candidates for the Super Representative role, with BitTorrent as the last addition. BitTorrent joined the Tron community thanks to the fact it showed the same “inclusiveness and openness” shared by the Tron, as a decentralized and autonomous community.

Chinese Peiwo APP will candidate for the Tron (TRX) Super Representative elections

As Super Representatives, the participants will assume a significant responsibility in the future leadership structure of the Tron Foundation and, most importantly, will be representing the people of the Tron (TRX) community.

Besides, as reported, the Super Representative will function as a “guardian” of the Tron (TRX) network and will participate in the supervision and verification of the network protocols.

Blockchain games will become the first entry point of the blockchain opportunity. TRON Network’s high TPS and 0 handling fee will be very conducive to the development of blockchain games. After thoughtful consideration, Peiwo and Zempty Studio decided to join TRON Network. Not only are we going to participate in the game development, we are going to run for Super Representative.

Peiwo APP

In mid-February 2018, the Tron Foundation officially declared the successful merger of Tron (TRX) and Peiwo APP. The principal members of the Peiwo APP are aged 16 to 25 and are primarily living in the big cities of China like Beijing, Shanghai, Guangzhou, and Shenzen. The rest of the users reside in North America and Western Europe.

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BaFin, The German Financial Market Authority, Debated Blockchain And Cryptocurrency Regulations

The German Financial Market Authority BaFin praised the revolutionary potential of blockchain technology in the first issue of its new “Perspectives” publication series published in July. On more than 30 pages, BaFin has numerous experts from the private sector explain technical aspects of distributed ledger technology. In a separate chapter on the subject of cryptocurrency regulation, BaFin makes its own contribution.

BaFin sees the blockchain technology’s confidence-building effect on the economy as positive

The intermediaries previously required in many transactions, such as banks and central securities depositories, could be partially replaced by blockchain technology applications, resulting in lower transaction costs and more efficient markets.

Blockchain technology can help to minimize the necessary trust and thus transaction costs between the parties involved in the transaction, for example by reducing dependence on intermediaries.

BaFin

Blockchain technology could, therefore, create a new type of decentralized ecosystem, which BaFin calls the “blockchain economy,” which will primarily affect the financial services industry. Their subscriber-supported infrastructure cannot only significantly change business processes but also massively shift the strategy of the companies working with them.

The German Financial Market Authority BaFin also debated cryptocurrency regulations

According to BaFin, it is “always guided by the principle of technological neutrality” and follows the credo “same business, same risk, same regulation,” which means that it is based on the “principles of proportionality and equal treatment under the rule of law.”

BaFin also rejects the view that cryptocurrencies are not regulated.

Cryptocurrencies are not unregulated per se, but are subject to the existing financial market regulations, depending on their concrete form in individual cases. They are therefore not regulated across the board, but specifically and technology-neutrally according to material facts that are subject to legal interpretation and can therefore also cover new types of facts.

BaFin

In the document, BaFin also describes in detail the principles it uses to evaluate crypto tokens and initial coin offerings (ICOs), which are based on the delimitation of payment tokens or virtual currencies of utility tokens and securities tokens.

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