Tech

In a blog post, the Lightning Network (LN) has announced the release of Lightning Pool. It's a non-custodial and peer-to-peer marketplace for acquiring inbound liquidity. With the Lightning Pool open for business, the network has opened gates for earning a yield on Bitcoin by leasing liquidity on Lightning. What is Lightning Network, and how it works? Lightning Network (LN) aims to solve the issue of stability on the Bitcoin blockchain by building a second layer on top of it. Therefore,…

The alleged founder of the infamous hacker group ''Anonymous'' has claimed to use Monero for transactions. This was revealed in a series of AMA questions and answers by a Reddit user named Aubrey Cottle.  Cottle claimed to be the originator of the Internet Hate Machine and the founder of the Anonymous group. He opened an AMA session that drew Redditors' attention and revealed that he’s coming out of retirement to deal with the current QAnon menace happening worldwide.  [caption id="attachment_19786"…

In a recent development, Tron's oracle project JustLink has been accused of stealing the idea from Bridge Oracle. According to a tweet by Estavi, CEO of Bridge Oracle, Bridge Oracle started as the first oracle system on the TRON network. Estavi points out that the oracle system, however, wasn't just for JustLink but for Bridge Oracle. Whereas, Justin Sun, founder of TRON Foundation, has launched JustLink claiming it to be the first oracle project on TRON. Estavi further points out…

The Wyoming State Banking Board has granted Avanti Bank & Trust a bank charter. Thereby giving Avanti Financial Group the same powers as national banks and approving Avit - a tokenized US dollar. Last month, San Francisco-based crypto exchange Kraken Financial became the first crypto bank after receiving the state's banking board's nod. Now, Avanti will be competing directly with Kraken Financial. America's Second Crypto Bank With this announcement, Avanti Financial Group will be able to provide custody services for…

In a recent blog post, Ocean Protocol has announced Ocean V3, unlocking a new data economy. The Ocean V3 leverages the Ethereum blockchain network doing away with the Proof-of-Authority permissioned EVM network. Thus simplifying the Web3 native onboarding and taking a permissionless decentralized route. Ocean V3 also features datatokens, Ocean Market, and IDOs (Initial Data Offerings). What is Ocean Protocol? Ocean Protocol is a decentralized data exchange protocol leveraging the blockchain technology in tandem with artificial intelligence (AI). It aims…

In a recent announcement, Bybit has integrated Chainlink's Price Reference Data into its Future trading platform. As of now, Chainlink's price feed is already live for pairs, including BTC/USD, ETH/USD, XRP/USD, EOS/USD, LTC/USD, XTZ/USD, and LINK/USD. Chainlink leverages its centralized oracle networks to private the largest collection of decentralized on-chain price reference data. It claims to be Sybil resistant and comprising fully independent nodes run by leading blockchain DevOps. Integrating with price reference data, Bybit enables its traders to explore…

The Swiss National Bank (SNB) is set to launch a proof-of-concept test for a digital currency in 2020. As reported by a Chinese news outlet, the Swiss apex bank will run the test in collaboration with the Bank for International Settlements (BIS). BIS Chief Benoit Coeure revealed key details on this latest development at the Bund Summit held in Shanghai on Sunday. According to Coeure, the proof-of-concept will be undertaken to analyze how the digital currency would work, and the…

Vigor Protocol has just announced a partnership with Everipedia - the world's largest decentralized encyclopedia. The partnership has allowed the Vigor Protocol to include Everipedia's IQ token on its platform as collateral. This is the 4th token to be added as collateral on the protocol. As per the announcement blog post, over 10 million IQ tokens have already been deposited on the protocol within the first 12 hours of the launch. What is Vigor Protocol? Vigour Protocol is a decentralized…

Global peer-to-peer Bitcoin trading platform Hodl Hodl has just announced a Bitcoin-backed lending platform. With this announcement, the platform has become a true non-KYC platform for lending and borrowing cryptocurrencies. The platform has managed to bypass know-your-customer (KYC) procedures and, at the same time, not acting as a custodian. No Custody - No KYC - No Fiat With this announcement, the platform showcases its Hierarchy of DeFi with three main properties - No custody, No KYC, No fiat. The first…