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Blockchain.com jumps into retail lending business

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Blockchain.com jumps into retail lending business
The Block
 Published Today
Blockchain.com jumps into retail lending business 
Crypto wallet provider Blockchain.com, which boasts of having over 46 million users, has rolled out the retail lending desk. Dubbed "Borrow," the desk allows users to borrow USD-pegged stablecoin, USD Digital, against bitcoin held in their Blockchain.com wallets. USD Digital is Blockchain.com's in-wallet stablecoin powered by Paxos and functions "just like" Paxos Standard (PAX) stablecoin. Notably, the desk currently only supports bitcoin but it has plans to support more coins soon. Read Full on The Block

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Cardano Releases Ouroboros Hydra Research Paper
BTCMANAGER
 Published Few hours ago
Cardano Releases Ouroboros Hydra Research Paper 
Cardano (ADA) blockchain project has published a research paper on Ouroboros Hydra, a proof of stake algorithm (PoS), and it marks a significant milestone in the development of the Cardano distributed ledger. Ouroboros Hydra is aimed at making the decentralized network faster as it gains more users and it took five years for the project to be completed. Cardano revealed that simulations of the network show each Hydra head can complete 1,000 transactions per second. Read Full on BTCMANAGER

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IOTA Back Online After Damning Hack
twitter
 Published Today
IOTA Back Online After Damning Hack 
IOTA is finally back on track after switching off the network for almost a month to deal with the fallout from the $2 mln hack. The Tangle-based network was effectively switched off on Feb. 13 after bad actors exploited a vulnerability in the Trinity Wallet. Following hack, co-founder David Sonstebo has already said all victims of the hack will be compensated. IOTA is also currently working on the implementation of the Coordicide protocol upgrade to make the network decentralized without sacrificing its security. Read Full on twitter

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BAT Rewards Can Now be Redeemed at Amazon, Apple
brave
 Published Today
BAT Rewards Can Now be Redeemed at Amazon, Apple 
Brave, a privacy-preserving browser that rewards its users with BAT for the adds they choose to watch has partnered with TAP Network to provide its USA users with access to rewards from 250,000 brands. Partnership will allow its users to redeem their Basic Attention Tokens for “for real-world rewards” offered by different national brands that are a part of the network. These brands include Uber, Starbucks, Xbox, Playstation, Hulu, HBO, Amazon, Apple, Target, Domino’s and Walmart. Read Full on brave

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Coronavirus Threatens Wall Street Finance, Crypto Remains Resilient
Bitcoinist.com
 Published Today
Coronavirus Threatens Wall Street Finance, Crypto Remains Resilient 
On March 9, The US stock markets temporarily shut down after the oil market shock. However, the coronavirus epidemic poses an even higher risk for Wall Street finance. Some of the world’s largest banks, like Goldman Sachs and Bank of America are already restructuring their workforces. The crypto community however can rest sure that the spread of the coronavirus cannot significantly affect the industry as most crypto exchange and trading operations are carried out or can be moved online. Read Full on Bitcoinist.com

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Sacramento Kings Auction Buddy Hield’s Jersey on Ethereum Blockchain
thebulletintime
 Published Today
Sacramento Kings Auction Buddy Hield’s Jersey on Ethereum Blockchain 
Buddy Hield, a shooting guard for the Sacramento Kings, will have his jersey auctioned on the Ethereum blockchain. The NBA outlet is working with ConsenSys to auction the jersey worn by Hield last week. Treum will facilitate the auction, March 10, 2020. If the auction is successful and profitable, it will lay the groundwork for future auctions on the platform. Buddy Hield’s jersey auction will profit the victims of Hurrican Dorian in Bahamas, the country Hield hails from. Read Full on thebulletintime

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tcoin Options Volumes Record New All-Time High
U.Today
 Published Today
Bitcoin Options Volumes Record New All-Time High 
According to crypto derivatives data provider Skew, daily trading volume in Bitcoin (BTC) options reached a new all-time high on March 9. Nearly $200 mln worth of contracts were traded on this day, which represents a drastic increase from the previous peak that was recorded last month. When it comes to specific trading platforms that drove these enormous volumes, Panama-based cryptocurrency derivatives exchange Deribit remains an undisputed leader with its market share surpassing 80 percent. Read Full on U.Today

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Beijing to Test Blockchain Platform for Fighting Fraudulent Invoices
Cointelegraph
 Published Today
Beijing to Test Blockchain Platform for Fighting Fraudulent Invoices 
China’s blockchain invoicing system is being introduced to the capital. The Beijing Municipal Office of the State Administration of Taxation announced its decision to launch a city pilot for the blockchain-based system, with immediate activation for taxpayers in selected industries. The platform is a tool for the Chinese tax bureau to tackle the underground “fapaio” market, where fraudulent receipts have been used to evade taxes, defraud employers, or claim falsified expenditures for reimbursement. Read Full on Cointelegraph

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Morningstar rates Ethereum securities for the first time ever
Decrypt
 Published 1 Day ago
Morningstar rates Ethereum securities for the first time ever 
Investment ratings giant Morningstar has undertaken its first audit of Ethereum securities—and the results are surprisingly positive. The audit praised blockchain for providing increased transparency and efficiency to the securitization process. It noted a couple of key benefits. The evaluation revealed a “shorter forecast performance period,” meaning a quicker return on investment along with “higher visibility into the viability of brands.” Read Full on Decrypt

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Bitcoin Accepted by Human Rights Foundation as Fully Open Source Donations
hrf.org
 Published 1 Day ago
Bitcoin Accepted by Human Rights Foundation as Fully Open Source Donations 
The Human Rights Foundation has just announced that it will be accepting Bitcoin donations via BTC Pay Server. On the organisation’s new donations page, Human Rights Foundation states: “We are happy to take your Bitcoin donation via BTC Pay Server, a self-hosted, open-source cryptocurrency payment processor. It’s secure, private, censorship-resistant and free.” The Human Rights Foundation has previously celebrated Bitcoin as a potential tool in the fight for freedom. It also have given a provision to accept Monero, Zcash and ETH. Read Full on hrf.org

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