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  The wild ride of 2020 continues.  After what has been a crazy year in almost every sense of the word, businesses are left wondering how to proceed, Ripple Labs CEO Brad Garlinghouse said. "The pandemic is throwing so many playbooks out the window," he posited in an Aug. 28 tweet. " Yesterday's action flies in the face of decades of precedent," he said, pointing toward an Aug. 27 article from the Wall Street Journal on the U.S.  Federal Reserve choosing to keep interest rates low at the possible expense of higher inflation." Signs point to further dollar debasement in the near term (leading to further diversification of assets which will certainly be good for crypto)," Garlinghouse added. Since the beginning of COVID-19 fears and prevention measures in March, the U.S. economy has been flipped on its side.  High jobless claims, money printing, business closures and a plethora of other factors have created a giant puzzle when it comes to uprighting the

The Ethereum Classic blockchain suffered a 51% attack Saturday evening, its third such attack this month, noticed by mining company Bitfly, which also spotted the first attack on Aug. 1.   The attack reorganized over 7,000 blocks, or two days' worth of mining, according to a tweet shared by Bitfly.  The first two attacks reorganized 3,693 and 4,000 blocks respectively. Notably, a leading organization behind the Ethereum Classic network, ETC Labs, announced its strategy to protect the network from additional attacks last week, including defensive mining that is intended to stabilize the network's plummeting hashrate and resist future 51% attacks. Stevan Lohja, technology coordinator at ETC Labs, in a private message with CoinDesk, said he finds the timing of the attack "very suspicious" as it came just a day after a meeting of Ethereum Core developers regarding "aggressive innovation" in the blockchain's proof of work. ETC Cooperative, another prominent f

 The price of Bitcoin could now trade sideways for several months to potentially a year, historical data shows. Bitcoin (BTC) has had four market cycles since its inception in 2009, from a bottom to a new peak.  The cycles ranged from over 600 days to around 1,050 days.  The most recent cycle has just surpassed 300 days, which suggests it could last 3-12 more months. If Bitcoin’s price remains stable for several months to potentially a year, it could achieve two things.  First, it could strengthen the fundamental ground of the next explosive rally as seen between 2016 and 2017. Second, it could cause other cryptocurrencies, or altcoins, to reach new heights, as some investors predict. Why a slow grind upwards for Bitcoin is crucial in this phase  The price of Bitcoin was at a mere $3,596 on BitMEX on March 13. Within six months, BTC has recorded a 220% upsurge, outperforming most traditional assets and indices including gold. The steep vertical rally of Bitcoin could raise the chances

A payments platform owned by Australian banks and the Reserve Bank of Australia has brought legal proceedings against Ripple Labs, alleging the cryptocurrency giant has copied its brand. San Francisco-based Ripple uses cryptocurrency for cross-border payments and in June the company, which is valued at over $US10 billion ($14 billion), launched a crypto-based "PayID" service with 40 partners. However, the launch of Ripple's PayID service in Australia is being challenged by the New Payments Platform Australia (NPPA), a company owned by 13 Australian banks including ANZ, NAB, CBA, Westpac and the RBA, which has commenced legal proceedings in the Federal Court. The NPPA launched its PayID service in February 2018 to enable instant payments between 68 million Australian bank accounts using identifiers like phone numbers, email addresses or ABNs instead of a BSB or account number. In its concise statement filed with the court last week the NPPA states its PayID service was wel

 “Protocol of protocols” Polkadot is weeks away from the release of the first viable bridge to the Ethereum blockchain, according to a Thursday announcement from developer house Snowfork. The bridge will roll out in phases and should be production-ready by March 2021.   Phase one of three slated for release mid-September will include “a working demo of two-way transfer of assets [and] state from Ethereum to our testnet chain and in reverse,” Snowfork developer Aidan Musnitzky told CoinDesk in an email. In a blog shared early with CoinDesk, Snowfork claims its bridge will be able to read Ethereum’s state trustlessly and vice versa.  The team has identified two technical solutions to do so. The project’s announcement follows the deployment of Polkadot’s Rococo parachain testnet on Aug. 6.Snowfork itself is an “agency” of designers and developers who have previously worked on interoperability projects between Cosmos and Ethereum, the group said. Polkadot’s native asset, dot, also recently

Nasdaq-listed cryptocurrency mining company Marathon Patent Group signed a letter of intent to acquire the mining-as-a-service company Fastblock Mining, founded in 2014, in an all-stock deal.   Marathon will acquire Fastblock for 8,658,009 common shares, currently trading around $2.48, giving the deal a total value of about $22 million. After deploying Fastblock’s 3,304 ASIC miners, Marathon’s mining power will increase by 208 petahash per second, according to the announcement. Marathon also said the deal will cut its overall cost to mine bitcoin (BTC) from $7,400 per BTC to $3,600 per BTC due to the lower-than-industry-standard electricity cost of $0.0285 per KwH. Fastblock has been “actively seeking a partner that could help us build one of the largest bitcoin mining companies in North America,” according to Fastblock CEO Bernardo Schucman. Schucman will stay on with Marathon after the deal and become its head of mining operations. Marathon said it will work with Fastblock’s manageme

  China can reverse Bitcoin transactions, a Ripple exec said. The United States is losing the "technological cold war" to China due to its tough regulatory approach to blockchain and cryptocurrency-related companies, a senior executive at Ripple believes. In an opinion article for The Hill on Aug. 21, Chris Larsen, co-founder and chairman at major crypto payments firm Ripple, said that China’s digital currency leadership is a “once-in-a-century opportunity” to replace the U.S. dollar with the digital yuan as the world’s reserve currency. Larsen set out the main reasons for China winning the U.S. in the ongoing technological struggle. Namely, China has “already achieved near universal use of digital payments” via tech giants like Alipay and WeChat.   And while China is “on the cusp” of issuing its own central bank digital currency the digital yuan the U.S. still does not have an official digital dollar initiative, Larsen noted, adding: “At least 65 percent of cryptocurrency mi

CoinDesk columnist Nic Carter is partner at Castle Island Ventures, a public blockchain-focused venture fund based in Cambridge, Mass.  He is also the cofounder of Coin Metrics, a blockchain analytics startup. What was once an idle supposition is now concrete. Public blockchains are destined to privilege the largest, most fee-tolerant transactions, at the expense of non-financial uses. When a robust block space market emerged on Bitcoin in 2017, some wrote it off as an aberration, believing the future was #FeeLess.  Since then, Bitcoin’s bite-the-bullet approach to fees has taken hold: low-fee chains have suffered from bloat and irrelevance, and the second-most valuable blockchain, Ethereum, has effectively embraced the reality of meaningful fees.  This heralds a shift in how major blockchains are perceived, moving away from generic computation layers and towards their destiny as financial infrastructure. The logic for this shift is simple. Satoshi included the combination of fees and

Bitcoin and gold price dropped as the U.S. Dollar Index rallied, leading analysts to speculate whether a strong dollar will slow BTC’s momentum. On Aug 21, Bitcoin (BTC) price declined by more than 3% from around $11,880 to $11,511 on Coinbase.  Coincidentally, the U.S. Dollar Index (DXY) started to rebound from its 4-month downturn. As the dollar increased by 1.3% from $92.28 to $93.20, Bitcoin, major cryptocurrencies, and gold fell in tandem.  The seemingly inverse correlation between the dollar and Bitcoin might indicate that the weakening dollar partially catalyzed BTC’s recent rally. Will a strong dollar rally reverse Bitcoin’s momentum?  Since the major Black Thursday Bitcoin correction, analysts have attributed the current BTC rally to the fading dollar. Contrarily, when the dollar reverses and begins to rally, the chances of a Bitcoin consolidation phase could rise. In the last 48 hours, as the US Dollar Index climbed, the price of gold also slumped by more than 3.5%.  Gold had

 XRP contributes to the development of CBDCs and stablecoins, says key exec. XRP, the world’s third largest cryptocurrencies by market capitalization, is not competing with national digital currencies like the forthcoming digital yuan, according to a senior executive at Ripple. Emi Yoshikawa, senior director of global operations at Ripple, claimed that XRP does not compete either with central bank digital currencies (CBDC) or stablecoins. In an Aug. 19 interview with Japanese crypto exchange FXcoin, Yoshikawa said that XRP is complementary to the global progress in CBDC and stablecoin development.   The exec stated that XRP should be considered as a “bridge asset” in international settlement:“There are various types of crypto assets, but I think that the role of XRP as a bridge asset in international settlement, and is not competing with stablecoins or CBDC, but on the contrary, is complementary.  We believe that various stablecoins and CBDCs will create a synergy by responding to the

 Tether has adopted Ethereum scaling solution OMG Network amid record demand for settlement space on the “world computer.” “The integration [between Tether and OMG Network] will result in a reduction of confirmation times delivering faster payments while fees will be reduced without compromising on-chain security,” Tether Inc. said in a blog Wednesday. OMG Network can handle thousands of transactions at a third of the cost of Ethereum as a Layer 2 solution for Ethereum that batches transactions before settlement, OMG Network CEO Vansa Chatikavanij said in a statement. Tether  now the third largest cryptocurrency with a market capitalization of $13.1 billion  has become the token of choice for traders.  It scores in the top three Ethereum “gas guzzlers” consistently, according to Ethgasstaion. Adjacently, the cost to transact on Ethereum has grown in near lockstep with the rise of decentralized finance (DeFi) applications (dapps) such as Uniswap and Compound.   Ethereum fees on the rise

 At around $12,000, buying Bitcoin has been a profitable activity on 97.6% of all days since April 2013, data confirms. Bitcoin (BTC) has delivered gains to its holders on almost 98% of all days since 2013, new data confirms. According to a dedicated social media-based monitoring resource which tracks profitability, buying Bitcoin has made its holder richer on 97.6% of days.   BTC profitability “characteristic of bull runs” Put another way, as on-chain analytics service Glassnode noted in its The Week On-Chain weekly report on Monday, 97.6% of Bitcoin unspent transaction outputs (UTXOs) are in profit. This means that only 2.4% of UTXOs were created as part of a transaction between wallets when the BTC price was higher than current levels at around $12,000. “Extended periods at this level and above are characteristic of bull runs as BTC moves toward new all-time highs (at which point the metric reaches 100%),” Glassnode commented. Despite a slight pullback overnight on Tuesday, Bitcoin

 Ripple set to hit $8 and then $14 based on the Elliot Wave theory as highlighted by “JOKER,” a popular analyst. The On-Demand Liquidity (ODL) transactions make up a fifth of the total RippleNET volume. According to “JOKER” (not his real name), a renowned cryptocurrency analyst and definitely an XRP bull, the third-largest crypto asset is soon heading to $14. According to a recent tweet by the analyst, “the days to accumulate XRP below $1 are numbered.” I won't be surprised to see #XRPUSD at $14. The days to accumulate #xrp below $1 is numbered. DT-399 algo triggered the buy signal on the daily chart. The last time #xrp pumped to $3.Given the Elliot waves theory, wave 3 can target $8 and Wave 5 targets $14. #XRPCommunity pic.twitter.com/06x4Kyo6JM JOKER (@KiaCrypto) August 14, 2020 Ripple price on Monday extended the bullish action above $0.30. The bullish leg stepped above $0.32 and tested the resistance at $0.3250 before a reversal came into the picture. At the time of writing, X

 Vitalik Buterin says it’s likely that some Ethereum applications may fail, while others succeed but he accepts it as integral to how the project as a whole will move forward. Ethereum co-founder Vitalik Buterin says he would “freely admit” that Ethereum 2.0 is “much harder” to implement from a technical perspective than he had expected. Buterin made his remarks during a debate with Bitcoin maximalist Samson Mow on Peter McCormack’s podcast on Aug. 16. During the debate, the trio discussed the reasons for the “open warfare” between the Bitcoin and Ethereum networks and whether the latter will be able to deliver on its many promises.McCormack, who is self-avowedly “not far off” from a Bitcoin maximalist position, asked Buterin:“Do you ever feel like Ethereum has become a much more challenging project or idea than you originally envisaged, and potentially, you've bitten more than you can chew? And that it gets to the point where there's no turning back?”I definitely freely admit

 Bitcoin price continues to meet resistance at the $12K level, will bulls break through it before the weekly close?  Bitcoin price is making a strong push toward $12,000 with just 24-hours before the weekly close occurs Despite multiple rejections at the $12K mark, BTC continues to make higher lows and traders are buying dips at underlying support levels Chainlink reached a new all-time high at $19.80 and Ether is struggling to push above $430 Typically, for Bitcoin (BTC), weekends are marked by reduced trading volume as day traders take a break and the CME Bitcoin markets are closed.   Experienced traders will also know that exchange order books thin out during the weekend, providing opportune moments for clever Bitcoin whales to exploit these gaps and sway the price through whipsaw volatility. This Saturday things are different as the scenarios mentioned above are not deterring traders from a renewed push to the $12K mark. If the current move to the key level fails, it would be the s

In this article, we will get to know about a meeting of all  members in twentyxpro. Now we will get to know more about TwentyXPro and we will do a comprehensive explanation about TwentyXPro on the Zoom website.   Any member who wants to inquire and learn more about the company and how to withdraw or deposit or to something specific to the company. Today we will be with you and answer your questions in English language referral link to join twentyxpro from here today we are here in zoom call with all member at saturday 15/8/2020  at 4 pmGMT (5 pm UK time ,6pm egypt time) full house training for twentyxpro members conference URL: https://us02web.zoom.us/j/87000951080 with coach mando and coach MaJo if the zoom call is full, you can watch it live on our YouTube channel  this is the link in youtube channel

 The CEO of Ripple has firmly criticized the Financial Times for saying his company was moving away from wholesale cross-border payments.    On Twitter late Thursday, CEO Brad Garlinghouse said, "Ripple has absolutely no plans to ‘reset’ our strategy" and that banks around the world were already using the XRP token as a cross-border payment solution. The FT reported Thursday that Ripple was ditching its solely bank-focused strategy for a more diversified approach  a platform offering payment services for financial institutions and everyday consumers.   Quoting Garlinghouse, the FT said Ripple would use its XRP token hoard to create whole new use cases and become the "Amazon of the cryptocurrency world. "Ripple's primary aim has been its blockchain interbank settlement layer, which makes cross-border transactions cheaper and faster than traditional wire transfers.  Clients can optionally convert fiat currencies into XRP. But the FT said Ripple's biggest partn

First there were Tendies and YFI. Then came (and went) YAM. And, as of yesterday, we have Based Money.  Meet today’s decentralized finance (DeFi), in what amounts to a crossover between massive multiplayer online (MMO) games, like World of Warcraft, and crypto pump-and-dump schemes. These aren’t the same DeFi projects launched earlier this summer, said Amentum Capital co-founder Steven McKie.  These new projects are about leveraging Ethereum’s tech for unintended uses.  They’re about making crypto fun again.They’re about making money.Yam Finance launched Tuesday.  By the following day, YAM shot upwards of $160 per token and had some $700 million in no-loss collateral obligations under contract (aka yield farming).  Early Thursday morning, YAM entered Github Valhalla when a bug locked the project’s governance and $750,000 treasury.  The token’s market cap swiftly lost $60 million in 35 minutes. Playing the game From first heartbeat to last breath in less than 48 hours. But those are the

 After record strength in the Bitcoin markets at the end of July, Kraken is predicting that BTC could see price gains of up to 200% over the coming weeks and months. Major United States-based crypto exchange Kraken has released a report predicting that Bitcoin (BTC) will rally by between 50% and 200% in the coming months. The report notes that Bitcoin posted a 21-month low for volatility on July 24 of just 23%, and stated that BTC’s 12 historic volatility lows (of between 15% and 30%) have typically been followed by a rally of 140% on average. With August usually the third-most volatile month for BTC price fluctuations, Kraken is predicting that upward momentum produced by Bitcoin at the end of July will continue for several months to come.   Late-July Bitcoin rally defies history Kraken emphasized that Bitcoin’s recent rally resulted in the second-strongest July for BTC price performance since 2011, noting that July was usually the third-weakest calendar month for Bitcoin. Bitcoin’s 1

 In a list updated by the New York State Department of Financial Services, Ripple (XRP) was approved for custody by companies, but was not approved for listings. In addition to XRP, eight cryptocurrencies, including Bitcoin, Ethereum and Litecoin, were approved for custody and listing. The New York State Department of Financial Services (DFS) has issued an updated list of approved cryptocurrencies for custody and listing.  The list, which was updated last week, includes 10 cryptocurrencies hat are allowed to be held by New York-based companies and eight cryptocurrencies that may be listed.   The 8 cryptocurrencies approved on the green list for both custody and listing for trading are Binance USD (BUSD), Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Paxos Standard (PAX), Gemini Dollar (GUSD), Litecoin (LTC) and Pax Gold (PAXG).  In contrast, Ripple (XRP) and Ethereum Classic (ETC) were approved for custody only and not for listing.    According to DFS, which is also the responsibl

 Ethereum Classic developers were still licking fresh wounds late last week when yet another 51% attack was launched against their blockchain early Thursday morning. And as the bits settle, the proof-of-work blockchain’s future remains in question more than ever. The first attack occurred on Aug. 1, the network’s second ever. Five days later, a second 51% attack followed the news that the first had indeed seen a successful double-spend of $5.6 million worth of ETC. Read more: Ethereum Classic Suffers Reorganization That Resembles 51% Attack Amid Miner ComplicationsThe second attack was perhaps more important, although smaller in monetary terms ($1.68 million).  By striking twice, the attacker proved the blockchain has seemingly no ability to protect itself from meaningful exploits.A 51% attack on a blockchain refers to a miner or a group of miners trying to control more than 50% of a network’s mining power, computing power or hash rate. Proof of work and immutability Ethereum is a hard

 Another good week for Bitcoin last week. The dollar price rose more than 5 percent, taking it to around $11,700. That rise wasn’t smooth. A flash crash took $1,500 off the price at one point, although investors remain bullish and the VIX volatility index, which is based on the S&P 500, is “extremely bullish.” Other volatility measures, though, suggest another drop to $10,000 before a new rally, while the Winklevoss twins think that the amount of infrastructure and capital in the crypto markets will make this bull run very different from the 2017 run. It’s not just Bitcoin that’s been on a run, though. Ethereum has hit a two-year high of $400, supported by decentralized finance protocols, the anticipated arrival of ETH 2.0, and the general rise in the altcoin market.Meanwhile, in the analog world, the US printed more money in June than it did in the first two centuries after its founding.Where there are riches, there are also thieves, and hackers have broken into a cryptocurrency t

  Payment solutions company IBIS Management Associates Inc. eto RippleNet through SWISSRoute service.The connection allows customers to connect to several banks through a single secure channel. Payment solutions and consulting company, IBIS Management Associates Inc.  recently announced that it has enabled its customers to connect to RippleNet.  Through the SWISSRoute service, developed by IBIS, users will be able to access a gateway to the SWIFT international payment network. The SWISSRoute service is a cloud-service solution that allows the creation of “adapters” that connect various payment networks to the traditional financial system.  In this way, users of the service have access to multiple financial institutions using a single channel.  The service allows business flows to be streamlined and automated, improving interbank connection.  The service uses standardized global ISO messages and proprietary formats (MT).  IBIS says that customers will have additional benefits:With SWISS