Ternoa to List on AscendEX

Ternoa to List on AscendEX

press release PRESS RELEASE. AscendEX, a global cryptocurrency financial platform with a comprehensive product suite, is excited to announce the Ternoa token (CAPS) listing under the pair USDT/CAPS on July 27 at 1 p.m. UTC. AscendEX and the Ternoa team will jointly launch two limited-time promotional events to celebrate the CAPS listing. The activities will consist of airdrop rewards tasks and a trading competition taking place between July 27, 1:00 a.m. UTC to August 3, 12 a.m. UTC, offering users a chance to win a share of pooled rewards worth 80,000 USDT! Ternoa is an NFT-based decentralized data transfer blockchain protocol. Ternoa provides long-term secure data storage and transfer to third parties. It relies upon the innovative use of NFTs to encrypt, segment, and store data on decentralized storage infrastructures. In addition, oracles allow for automated, programmable data transfers. Ternoa also offers a Software Development Kit (SDK) to facilitate the development of mobile and web applications making the protocol accessible to various use cases. Ternoa’s team built its protocol on three guiding principles. Firstly, they aim to create an infrastructure that exemplifies the essence of blockchain technology: open-source, decentralized, and democratic. Secondly, Ternoa seeks to provide a service that is easily accessible to the general public by focusing on optimized web and mobile application user experiences. Finally, Ternoa provides a token ecosystem and a business model that leverages its native token to offer token holders a clear and fair value creation trajectory for the project’s success. The Ternoa application layer allows users to create “Time Capsules” to encrypt, store, and securely transfer data over long periods of time. These Time Capsules are non-fungible tokens issued on the Ternoa blockchain. The project’s native token (CAPS) rewards the network for minting NFTs and recording information on the blockchain. The Democracy module manages the administration of the general stakeholder vote. Ternoa allows Capsule Coins holders to have decision-making power regarding the governance of developments, partners, protocols, and more on the network.   About AscendEX AscendEX (formerly BitMax) is a global cryptocurrency financial platform with a comprehensive product suite including spot, margin, and futures trading, wallet services, and staking support for over 150 blockchain projects such as bitcoin, ether, and ripple. Launched in 2018, AscendEX services over 1 million…

Thorchain Trolled by Hacker After Two Successful Seven-Figure Exploits

Thorchain Trolled by Hacker After Two Successful Seven-Figure Exploits

Thorchain, a popular defi protocol, has been compromised twice in the last two weeks, resulting in losses of over $10,000,000. The hacker responsible for the latest exploit left behind a message detailing the measures that should be undertaken to protect users. Hacker Returns to the Scene to Lecture on Security In another blow against the Thorchain protocol, the defi network has found itself the victim of another hack after the equivalent of 4,000 ethereum (ETH) was stolen just days earlier. Thorchain, which features an automated market maker (AMM) and decentralized exchange (dex), is known for its liquidity pooling, with total value locked (TVL) currently around $101.75 million. This time, the attack was perpetrated against the ETH Router contract to target the Thorchain Bifrost component, resulting in more than $8 million in losses for the protocol. According to the hacker allegedly behind the move, the vulnerability was known before the latest attack and was entirely preventable. When using Solidity, the Ethereum smart contract coding language used in the protocol, programmers advise developers against using certain coding methods to transfer funds. However, this was allegedly overlooked by the team in charge, leading to an issue within the protocol’s native RUNE token’s contract code. The hacker behind the exploit was not quick to leave the crime scene. Instead, the malicious actor left behind a message effectively trolling the protocol. In tx input data, the hacker pointed out the following: The hacker laid bare all the steps that were required to engage the exploit, highlighting the protocol’s decision not to issue bounties or engage auditors to check code that currently oversees a nine-figure TVL. While the protocol developers initially believed the hack cost them only $800,000 and was the work of a whitehat hacker, the following amounts were actually stolen: 966.620 ACLX 20,866,664.530 XRUNE 1,672,794.010 USDC 56,104.000 SUSHI 6.910 YFI 990,137.460 USDT RUNE tokens have continued their decline after dipping close to 25% following the breach, with tokens currently trending around $4.17. While Thorchain has since issued a recovery plan to restore user funds lost to the attack, the more significant development was the decision to hire security firms to audit the code and defend the defi protocol against future, preventable exploits. What do you think of this “honest…

Bitcoin price drop to $37K has analysts wary of calling a ‘trend change’

Bitcoin price drop to $37K has analysts wary of calling a ‘trend change’

Bull market optimism returned to the cryptocurrency market on July 26 after Bitcoin (BTC) price rallied above the $40,000 level for the first time in over six weeks. Today’s rally to $40,581 was a continuation of the July 25 breakout which saw BTC price rocket to $48,110 at Binance af a short squeeze resulted in nearly $500 million in shorts being liquidated in just two minutes. Data from Cointelegraph Markets Pro and TradingView shows that BTC spiked to an intraday high at $40,581 on Monday before pulling back to $37,500 as bulls look to flip this resistance zone back to support in preparation for a further move higher. BTC/USDT 4-hour chart. Source: TradingViewWhile the move higher has the mark of a trend change and has prompted some analysts to proclaim the bull market is back on track, on-chain data and the perpetual funding rates do not fully concur with this point of view. Especially when one considers that the current breakout may have only been the result of a massive short squeeze. Factors that could reignite the bull marketAccording to Élie Le Rest, partner at digital asset management firm ExoAlpha, the recently denied rumor that Amazon would accept cryptocurrency payments have the potential to have a similar effect as the 2020 revelation from PayPal that it would integrate cryptocurrencies. Le Rest said that if the Amazon news turns out to be true, this “could be the catalyst to ignite a bull run in H2 of 2021.”As Bitcoin price pushed above the $35,000 level on July 25, “more than a billion dollars of shorts got liquidated in the past 24 hours, with the bulk of the liquidation occurring in less than 1 hour” according to Le Rest, who also said, “the current market move could be sustained during the week by volumes coming from players having waited for a more directional trend on Bitcoin since the end of May.” Le Rest said:“To validate this directional trend, Bitcoin has to break out of the $30,000-$40,000 range it has been stuck into for 2 months. Maintaining Bitcoin over the $40,000 level would signal that the “bear market” is over and the bull-run may resume.” If Bitcoin is able to maintain its current momentum, Le Rest said “as many expect,…

Ransomware is a scourge, but eliminating cryptocurrencies won’t make it go away

Ransomware is a scourge, but eliminating cryptocurrencies won’t make it go away

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Fed Faces Double Inflation as Supply Chain Falters, Economists Question Spending, Biden ‘Not Worried’

Fed Faces Double Inflation as Supply Chain Falters, Economists Question Spending, Biden ‘Not Worried’

Reports show a vast majority of the American populace has been worried about rising inflation and as the weeks roll by, the financial situation continues to look grim. US Senator: ‘There’s No Justification for the Fed to Maintain Its Purchases’ A few analysts believe the upcoming two-day meeting held by the U.S. central bank’s Federal Open Market Committee (FOMC) will give markets clues on whether or not the Federal Reserve plans to taper quantitative easing and raise interest rates. Meanwhile, Joe Biden’s administration has dismissed inflation and Biden claimed at a recent CNN Town Hall that he doesn’t know anybody “who’s worried about inflation.” On Monday, Reuters reported that the U.S. central bank is divided over the rising inflation and now the country’s monetary managers are dealing with double inflation due to supply chain complications. To further the problems the U.S. 10-year Treasury note yields slipped lower on Monday morning as investors are concerned about this week’s FOMC meeting. Last week, the Federal Reserve’s chairman Jerome Powell answered to lawmakers about their inflation concerns. Powell again said that inflation was temporary and the central bank’s lead also mentioned supply shortages. Politicians and economists are starting to wonder why the Federal Reserve needs to keep quantitative easing going. The chief economist at PGIM Fixed Income, Nathan Sheets, told the press that people are asking these questions because the U.S. economy has been doing better. “The economy is, bottom line, much better than it was a year ago,” Sheets said. “It is getting harder and harder for the Fed to explain why it needs to keep buying $120 billion of assets a month.” U.S. senator Pat Toomey told the publication Politico in an interview that the spending is not justifiable. Toomey said: There’s no justification for the Fed to maintain [its purchases] at current levels, and doing so seriously risks contributing to heightened inflation. ‘Everyone’s Questioning What We’re Getting for $120 Billion a Month Right Now’ Politico also discussed the situation with Lou Crandall, the chief economist at Wrightson ICAP and he called the Fed’s spending disadvantageous. “It’s counterproductive on every level,” Crandall remarked. “Encouraging more borrowing like this is just not necessary,” the ICAP economist added. PGIM’s chief economist Sheets stressed that bond market signals show…

Bharat Mediratta Joins Coinbase as a Fellow

Bharat Mediratta Joins Coinbase as a Fellow

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Shanghai Man: US senators tell athletes to avoid digital yuan, Chinese exchange volumes rebound… and more

Shanghai Man: US senators tell athletes to avoid digital yuan, Chinese exchange volumes rebound… and more

This weekly roundup of news from Mainland China, Taiwan and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape and enterprise blockchain integrations.  Olympic battleAfter months of writing about the relentless actions of the Chinese government, this week we lead with a story from the United States government. On July 19, three U.S. senators signed a letter addressed to the U.S. Olympic and Paralympic Committee, requesting that U.S. athletes not use the digital yuan in February’s Winter Olympic Games in Beijing. The logic was that the digital currency would be traceable after the athletes returned to the U.S., in case China was interested in tracking foreign biathletes and bobsledders in their offseason training regimens. China’s Foreign Ministry spokesperson, Zhao Lijian, snapped back that the senators “should stop making troubles” and “figure out what a digital currency really is.” Zhao apparently believes that the U.S. lawmakers might not be up-to-date on the latest in technology, something the crypto enthusiasts on Twitter have been bemoaning for years. All sarcasm aside, this points to a growing trend of consumers being caught in geopolitical struggles around technology, which could become a much larger issue as central bank digital currencies, or CBDCs, become more prevalent. Users can choose to avoid certain hardware or apps that provide a data security risk, but avoiding the local currency will be a much more difficult choice to make. Cash use has dropped to a negligible amount in China, with the bulk of daily transactions being digital through Alipay and WeChat. Traveling or living in China without touching the digital currency will be a huge inconvenience, and one likely to not go over well with future generations.Leading the packOn July 19, Cointelegraph reported that Chinese Bitcoin miners had earned close to $7 billion dollars in the past year, 10 times more than miners in the second-highest country, the United States. This trend might be broken up slightly by the regulatory crackdown this year but still shows the influence China has on the industry, especially if large Chinese companies can continue to set up operations in neighboring countries.  Axie Infinity’s token is taking off faster than the game in China. Source: Axie Infinity Chinese volumes bounce back Volumes on Chinese exchanges Huobi and…

Bitcoin hits $40K after a 6-week absence, but on-chain activity is ‘somewhat bearish’

Bitcoin hits $40K after a 6-week absence, but on-chain activity is ‘somewhat bearish’

Bitcoin (BTC) touched $40,370 on July 26 as a solid day of gains saw the return of a major price milestone. BTC/USD 1-minute candle chart (Bitstamp). Source: TradingViewBTC price daily gains near 20%Data from Cointelegraph Markets Pro and TradingView showed BTC/USD touching $40,400 before consolidating nearby later on Monday.The pair had held on to previous gains from the night before throughout the day, circling $38,000 before another surge took hold after the Wall St. open.Amid some understandable excitement from investors who had waited for upside to finally resume, Cointelegraph contributor Michaël van de Poppe cautioned on being overly bullish at current levels.”Bitcoin still showing strength, although sentiment is getting euphoric again while approaching the range resistance,” he wrote just before $40,000 hit. “The trend has shifted, as the market has created a higher high. I think we’re still looking at an HL at $34.5-36K in the coming weeks unless breaking $41K.”That would mark an exit from a long-established trading range which has been in place for over two months. BTC/USD buy and sell positions (Binance). Source: Material Indicators/ TwitterA look at support and resistance levels on major exchange Binance at the time of writing showed relatively little buyer activity above $36,000, with $41,000 still in place for sellers.Material Indicators, which provides the Binance data, added that moving averages were important to consider when attempting to understand current movements.Support at the 50 DMA, 200 DMA and 21 WMA are key levels that that failed as #BTC dropped from it’s ATH. Trend Precognition forecasted this uptick and Bulls reclaimed the 50 DMA. Now eyeing overhead liquidity at 40k. If they can take it, expect more resistance at the 200 DMA pic.twitter.com/r131CZWgtv— Material Indicators (@MI_Algos) July 26, 2021 “Quiet” on-chain activity may dampen bullsWhile Monday’s gains were impressive, Van de Poppe was not alone in calling for a pragmatic appraisal of the Bitcoin market at large.Related: BTC price burns bears en route to $40K: 5 things to watch in Bitcoin this weekIn the latest edition of its weekly newsletter, “The Week On-chain,” data analytics firm Glassnode likewise highlighted the need for on-chain activity to catch up with price performance in order to sustain the market.”Overall, on-chain activity remains somewhat bearish and continues to be quiet,” analysts wrote. “Perhaps utilisation of the Bitcoin…

Jeff Bezos Directs Amazon to Accept Bitcoin and Other Popular Cryptocurrencies: Report

Jeff Bezos Directs Amazon to Accept Bitcoin and Other Popular Cryptocurrencies: Report

Amazon is reportedly planning to accept bitcoin by the end of the year, after which the company will roll out support for other major cryptocurrencies. Furthermore, the company is exploring launching its own cryptocurrency. “The directive is coming from the very top … Jeff Bezos himself.” Amazon’s Crypto Project ‘Ready to Roll’ Following the news of Amazon seeking to hire a digital currency and blockchain lead, City A.M. publication reported that the company actually has plans to accept bitcoin and other popular cryptocurrencies. Citing “an insider” at the company, the news outlet reported that Amazon is looking to accept bitcoin payments “by the end of the year” and the company is also investigating its own token for 2022. Amazon “isn’t just going through the motions to set up cryptocurrency payment solutions at some point in the future,” the insider claims, adding that its crypto project “is a full-on, well-discussed, integral part of the future mechanism of how Amazon will work.” She elaborated: It begins with bitcoin – this is the key first stage of this crypto project, and the directive is coming from the very top … Jeff Bezos himself. “This entire project is pretty much ready to roll,” the insider revealed, emphasizing that “It won’t take long because the plans are already there, and they have been working on them since 2019.” Noting that Amazon’s directors were keen to move forward with adding support for other big cryptocurrencies once a fast and secure method of bitcoin payment is established, she said: Ethereum, cardano and bitcoin cash will be next in line before they bring about eight of the most popular cryptocurrencies online. Besides accepting crypto payments, Amazon is also exploring launching its own coin, the insider explained. “When all these crypto ducks are lined up, there’s another twist to push things even further into Amazon’s favour – a native token,” she opined, adding: After a year of experiencing cryptocurrency as a way of making payments for goods, it is looking increasingly possible that we’re heading towards tokenisation. “This then becomes a multi-level infrastructure where you can pay for goods and services or earn tokens in a loyalty scheme,” she described. Do you think Amazon will accept bitcoin by the end of the year? Let…

Coinbase’s Product Principles

Coinbase’s Product Principles

Why do I have to complete a CAPTCHA? Completing the CAPTCHA proves you are a human and gives you temporary access to the web property. What can I do to prevent this in the future? If you are on a personal connection, like at home, you can run an anti-virus scan on your device to make sure it is not infected with malware. If you are at an office or shared network, you can ask the network administrator to run a scan across the network looking for misconfigured or infected devices. Another way to prevent getting this page in the future is to use Privacy Pass. You may need to download version 2.0 now from the Chrome Web Store.