Category: Crypto

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Crypto Markets News

Binance Cryptocurrency Exchange Expects Profits Of $1 Billion In 2018

Binance, the renowned cryptocurrency exchange platform, anticipates that its revenues will grow to $1 billion by the end of 2018, according to Binance CEO Changpeng Zhao during an interview with Bloomberg from today, July 6th.

Binance cryptocurrency exchange platform ranked the first today in cryptocurrencies trading volumes

Talking about how Binance platform is recouping after a stressful week in which tradings were momentarily suspended, Zhao revenues estimations defy the idea that the profits of cryptocurrency exchanges are dependent on the cryptos prices. For example, although Bitcoin (BTC) is under $7,000 for nearly a month and a half now, Binance’s profits for the first half of the year was around $300 million, according to Zhao.

Binance, which consistently ranks at the top of the world’s most significant daily cryptocurrencies trading volumes, is now #1 with approximately $1.2 billion in transactions in the last 24 hours.

Binance profits estimations encourage the company to extend its operations around the world

The tremendous gains of $1 billion, estimated by Binance for this year, are fuelling an aspirational expansion agenda that will shortly include Binance’s emergence on markets such as Uganda and Bermuda. That after Binance cryptocurrency exchange platform moved its headquarters to Malta, a crypto-friendly country, to avoid strict cryptocurrency regulations, earlier this year.

On the other hand, there are currently approximately 10 million users on the platform, according to Zhao, Binance CEO.

Binance expansion plans are not devoid of competition, too, as other major cryptocurrency exchange platforms, such as Huobi and Coinbase, are also entering new markets. For example, just yesterday, Huobi rolled out in Australia and planned to commence operations in London in the Q3 2018, while services in the United States will also begin in the foreseeable future.

Coinbase, in the meantime, is considering moving its headquarters to Japan and is still waiting for a US banking license.

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Crypto News

YouTube And Google LLC Mentioned In The Documentation Of A Lawsuit Against BitConnect

According to some court documents filed on July 3rd, YouTube has been added as a defendant in a class action lawsuit against BitConnect. The lawsuit was initially filed on January 24th by six individuals represented by the Silver Miller law firm. The applicants claim that the cryptocurrency investment platform BitConnect issued crypto tokens which were unregistered securities, and obtained additional funds through a wide range of Ponzi Schemes.

The plaintiffs stated that their personal losses amounted to a total of $771,000.

According to Cointelegraph, BitConnect and its affiliated parties published a series of promotional videos on YouTube, which were deemed inappropriate as the material allegedly attracted potential investors to a fraudulent investment scheme. YouTube is said to have failed to declassify and demonetize published videos, exposing “countless” YouTube users to harmful videos and illegally promoting investment.

YouTube and Google LLC involved in a class action lawsuit against BitConnect

BitConnect’s top ten YouTube affiliates posted more than 70,000 hours of raw content, generating about 58 billion hits. The document says that the number of views from several of the affiliate promoters’ videos far exceeded the threshold numbers for the “enhanced” eligibility standards.

In particular, some users reported fraudulent BitConnect activity to YouTube, posting videos with titles such as “How the BitConnect scam works in great detail,” “Craig Grant explains the BitConnect scam” and others.

This case is not about YouTube being the speaker or editor of your website’s content. Instead, the liability is based on YouTube’s inability to act after learning from content published directly on YouTube from the easily foreseeable damage posed by its advertising partners. As the old saying goes, “Sometimes when you sleep with dogs, you get fleas.”

David Silver, Silver Miller law firm, for Cointelegraph

The plaintiffs claim that if YouTube had done a proper search of their databases, it would have removed the harmful videos from BitConnect. Instead, YouTube allegedly accepted an increasing number of videos related to BitConnect, resulting in numerous victims.

The document also refers to Google LLC, which changed its financial products policy to prohibit all ads related to cryptocurrency and associated content due to potential harm to users of Google-owned platforms, including YouTube.

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Crypto News

The Wait for the Electra Jailbreak for iOS 11.3.1 is Finally Over

These days, all iPhone and iPad users running the iOS 11.3.1 received a very good news. It looks like a jailbreak is on its way to support all iDevices with 64 bits. The jailbreak will be released by Electra, because they are the ones who have been working on this matter lately.

In case you are wondering when it will appear, all the information we have so far is that it will be released in a few days. The announcement was made by the Electra team on their social networks and all they are willing to share is that the jailbreak is completed and waiting to be launched.

Right after the iOS 11.1.2 was out, Coolstar said that they are done with releasing jailbreaks, but despite that we are happy to see that the old team is back in action. Even if you are anxious to see how the new jailbreak works, don’t rush into upgrading your iPhone or iPad. If they are run by iOS 11.2 – iOS 11.3.1 don’t take them to beta versions of iOS 11.4.1 or iOS 12 just for the sake of experiencing the new jailbreak.

The news caused a big fuss on social networks

Since previous jailbreaks are quite recent, nobody saw this one coming. The announcement was made by the Electra team on their social network and the message was as suggestive as it can be – ”Coming soon.” When you see this, you start wondering what they planned because no other information has been made public so far.

One thing’s for sure: all eyes will be on Electra team’s Twitter account and this is not surprising if we consider that fact that people already started to comment as soon as they saw the add about the new jailbreak. Keep your eyes on them if you want to be among the first who sees Electra team’s new release.

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Crypto News

Augur MainNet And Aeternity MainNet Will Launch In The Upcoming Weeks

The making of Initial Currency Offers (ICOs) has been the way to operate for some of the scammers who have taken the money from the users and have not carried out the proposed projects. However, this is not the general rule, so some initiatives have moved forward with their plans, such as Augur (REP) and Aeternity (AE), which are close to launching their main networks (MainNet).

Augur (REP) MainNet will launch on July 9th

Augur is a platform dedicated to market forecasting. The Augur tokens (REP), in ERC20 format, were created on Ethereum blockchain. The migration of Augur (REP) to the Augur MainNet will take place on July 9th.

As part of the network error detection program, the team behind this initiative is awarding a $100,000 reward to programmers who find significant bugs.

The ICO of Augur was held in 2015 and raised about $5 million.

However, the launch of the Augur MainNet, as disseminated on social networks, has not received much attention from crypto assets due to the loss of interest in this cryptocurrency, lately.

Currently, Augur (REP) has a market capitalization of $392 million and a value of $35 per token. Its highest price was recorded in January of this year when it was worth about $107, and in recent days has had an upward trend.

Aeternity (AE) MainNet will be activated in August

Aeternity (AE), for its part, is designed to create smart and scalable contracts “interacting with information in real time,” as indicated in its White Paper. In September last year, the round of funding for this project, which raised about $37 million, was completed and the ERC20 AE tokens were distributed to users. These tokens were also created on Ethereum blockchain.

Aeternity MainNet will be activated in August of this year, while the Aeternity (AE) tokens in ERC20 format can only be used until September 19th, 2019, so users must change all of them to the new AE cryptocurrency until then.

Aeternity (AE) is currently quoted at $2.54, but its market capitalization is higher than that of Augur (REP), with about $502 million. In May, Aeternity (AE) reached its historical maximum at $5 per token.

The successful implementation of Augur MainNet and Aeternity MainNet will encourage the cryptocurrencies market and the Initial Coin Offers (ICOs), which, only by mid-2018, have already raised more money than in previous years, despite the stricter cryptocurrency regulations.

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Crypto News

iOS 11.3.1 Electra Jailbreak Will be Out in a Few Days

As if the previous jailbreaks for various iOS version weren’t enough, these days social networks were overfloating with news about another highly expected event. The Electra team caused a huge fuss when it announced that their jailbreak for iOS 11.3.1 could be out in a few days. Another important detail is the fact that this jailbreak will be able to support devices which are run by iOS 11.2 – iOS 11.3.1.

The idea became certain when the Electra team draw the Twitter users’ attention with their exciting tweet. They used a suggestive message: ”New Brand, New Twitter, New Jailbreak. Coming soon” and attached an image with their logo and 11.3.1. All this mini-campaign contributed to arising even more interest among iOS users.

Reliable sources claim that the remount for 11.3.1 is complete, so the jailbreak is expected to come in the following days.

How did they do it

The team which worked on this jailbreak was lead by CoolStar. It looks like they completed it by using their own APFS bypass. They added that one of the reasons for which they didn’t rely on Spark’s bypass is its unstable character.

Also, it appears that the team is based on another APFS bypass for iOS 12. We get impressions from their very own tweet. Here they mentioned that they managed to have iOS 12 covered with another awesome feature.

So far, this is all the information we have on this subject. However, we will learn the details soon, so it’s better to remain alert. If you want to be among the first ones who finds out the hottest news, follow iClarified on Facebook, Twitter or other social channels administrated by them. If you do this fast, you can be sure that you will learn the date when this jailbreak becomes available sooner than many others.

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