Category Archive : Crypto

Learn About the Bitcoin Market

Bitcoin is the digital currency used to purchase a wide variety of goods and services worldwide. It works just like paper money, but there are important differences between the two. Bitcoin also exists in physical form but is available in a digital way. This is the main form of online trading in portfolio software or other online services. Bitcoins can be obtained by mining or exchanging different types of money or even certain goods and services.

Bitcoin market

The Bitcoin market is the market in which Bitcoins are traded. If you have bitcoins, you can use them to purchase almost anything for which this currency is accepted. There are some types of transactions for which bitcoins are the only generally accepted payment method. To buy this specific asset, bitcoins must complete the transaction.

When you enter the Bitcoin market, you must first learn how to buy Bitcoin. The first way is to buy them. In this way, it takes little effort. The second way is to take advantage of this. It is used on software that performs certain mathematical equations for which the dealer is rewarded with bitcoin. It takes time, and many retailers claim that it contains a small portion of fruit.

Bitcoin purchase process

To be part of the Bitcoin market, wallet software is required. You can also get online service. Online wallet services are available in all major countries, so you can easily set up your wallet account.

In order to buy, you need to link your wallet to your bank account. Depending on the portfolio service, it may take several days.

Once your bank account is linked, a purchase of a Bitcoin link will be displayed in the software window. It will be easy. Once the transaction is complete, the bitcoins are transferred to your wallet.

The Bitcoin market operates according to the same strategies as all other types of trading markets. If the price of bitcoins is low, this is a signal to buy them. If the price goes up, you can sell them profitably.

Mining can be difficult, but all operators have yet to try it from time to time. It’s a little slow, so you have to be patient. You need Bitcoin mining software. There are even mining pools. Simply decode a block with the joint effort of a mining group. You will then receive bitcoins based on your contribution.

Note that the bitcoin value increases and decreases in seconds. If you don’t make the right choice at the right time, you can lose a significant part of your investment. The good thing is that you can make a lot of profit from this form of trading if you understand the basics perfectly.

Tencent launches Blockchain Accelerator to Drive Blockchain Adoption in China

Chinese Internet company Tencent has launched a blockchain accelerator to help 30 startups in the implementation of blockchain in various industrial aspects.

Chinese Internet giant and operator of famous social media app WeChat, Tencent is all set to launch a blockchain accelerator. Tencent on its website officially confirmed the news. According to it, the “Tencent Industrial Accelerator” is ready to accelerate 30 startups irrespective of whether they are just starting up or matured. The only pre-requisite is that the applying startups must have at least one prior financial round. Tencent is accepting applications until the 6th of June. The application cost around 100,000 RMB, which amounts to just about $14,000. 

The announcement stated, “Tencent Blockchain Accelerator is an important part of Tencent Industrial Accelerator. By integrating global blockchain industry resources and linking excellent blockchain companies, a multi-dimensional service platform based on technology, scenarios, business opportunities, and capital is created to achieve strategic planning. All-round acceleration to the implementation of applications, jointly promote the independent innovation of blockchain technology, help the application of technical applications to the industrial scene, and jointly build an industrial prosperity ecology.”

Some of the areas on which the accelerator will focus are industrial blockchain solutions and blockchain applications for data sharing, supply chain financing, digital asset transactions, government affairs, energy, education, logistics, manufacturing, agriculture, and public welfare.

All the selected applicants will have access to one entire year of mentorship, along with Tencent’s blockchain-as-a-service platform. Moreover, they will also be presented with industry networking and business opportunities. 


German Blockchain-based Startup Gapless Secured $5.5M

Blockchain-based vehicle management developer Gapless has brought Porsche on board to lead its $5.5 million funding round. 

German startup Gapless which focuses on blockchain-based vehicle management systems is executing a $5.9 million funding round, and automobile giant Porsche is participating in it. According to the reports, other participants include FinLab EOS VC Fund and insurance entrepreneur Kersten Jodexnis. Gapless intends to use the fresh capital to further develop its blockchain-based application that is aimed to enable users to record a complete history of vehicles. It also plans to expand and increase its existing customer base. As of now, the firm has as many as 50,000 users on its platform. 

Futuristic Technology

In an interview with the blockchain news publication Cointelegraph, a Porsche spokesperson claimed that the company is constantly monitoring new technologies and finding ways to implement those into Porsche, in a quest to further enhance user experience. Porsche made a statement, “We evaluated and piloted several blockchain-based solutions. Blockchain can be a potential benefit for any trust-based interactions that require a decentralized approach.”

On the other hand, Stefan Schütze, Managing Director of the FinLab EOS VC Fund commented, “We are pleased to welcome Gapless as a new investment in our portfolio. Gapless shows how blockchain technology can change services from the ground up – and always thinks from the user’s perspective.” 

Blockchain Technology in Automobile Industry

Off late, a number of vehicle manufacturers have been adopting blockchain to track the life cycle of automobiles and improving driver experience. Recently, Indian blockchain firm Smart Sight Innovation introduced a blockchain-based application that helps to track maintenance data of vehicles.

Moreover, General Motors also filed a patent application for its blockchain-based real-time updatable navigation system. BMW is also planning to launch its blockchain-based supply chain system by the end of this year. 

SBI Holdings Partners with SMFG to Offer Digital Banking Services

Major Japanese financial organization, Sumitomo Mitsui Financial Group is collaborating with SBI Holdings to enhance its digital footprint in the country. 

According to the latest reports, the Sumitomo Mitsui Financial Group (SMFG) is collaborating with SBI Holdings to introduce a digital banking system accessible from smartphones. This is a part of a multimillion-dollar agreement, that is expected to materialize bu next week. 

The deal will provide SMFG with a 20% equity stake in SBI subsidiary Neomobile Securities, against which, it will give $1 billion to SBI. The fund will be used to invest in companies involved in digital technology in sectors like blockchain, fintech, and 5G. This deal is expected to help SMFG utilize SBI’s heavy footprint in the online trading space in Japan. 

However, it will be pretty beneficial to both the entities, as SBi will be able to boost face-to-face consultations to its digital services, and SMFG stands a chance to ramp up its digital offerings. Moreover, SBI and SMFG are planning to establish their digital foothold in Japan, by collaborating with companies working in the digital space.

SBI has already partnered with local banks like Shimane Bank, Fukushima Bank, and Chikuho Bank. SBI is also looking forward to setting up a new company that will offer fintech and common system services to regional banks. SMFG is also investing in this venture, as a part of the latest deal. 

SBI already has close ties with Ripple. So much so, that it plans to offer shareholder dividends in XRP tokens. In fact, SBI CEO, Yoshitaka Kitao is one of Ripple’s board of directors.

Crypto exchanges and firms in Japan are expected to face some regulatory hurdles in the near future, especially after the Japan House of Representatives have amended the Payment Services Act and Financial Instruments and Exchange Act to enforce stricter crypto regulations in the country. Both these acts are scheduled to take effect from May 1. 


BitPay Adds Support for BUSD Stablecoin to Launch Merchant Support

Crypto payments firm BitPay is adding support of Binance’s stablecoin BUSD, in order to enhance its crypto payment options. BitPay users will now be able to accept BUSD as a payment method. They will be able to buy BUSD on Binance or any other platform where the coin is listed. The BitPay wallet now has more than 2 million users. 

The firm will also be launching its merchant support this week, after which users will be able to execute cross border payments using BUSD. Furthermore, it will also process all transactions related to the Binance Charity Foundation. 

Stephen Pair, CEO of BitPay commented, “The partnership with Binance is about more than supporting another stablecoin, it is about making cross border payments simple and easy for both businesses by leveraging the global influence of Binance Exchange. With BUSD, BitPay expands blockchain payment choices for all our customers across the global payments space who want the flexibility of paying on the blockchain with the stability of the US dollar.”

BitPay already supports the following coins – Coinbase’s USD Coin (USDC), the Gemini Dollar (GUSD), the Paxos Standard token (PAX) Prior, Bitcoin, Bitcoin Cash, and Ethereum. 

Commenting about the collaboration, Binance CEO Changpendg Zhao said, “We are honored to partner with BitPay, one of the earliest and most reputable crypto payment service providers in our industry. Stablecoin is the forerunner of blockchain-powered payments by its nature.

Partnering with BitPay will enable merchants and businesses from around the world to accept BUSD, the USD-denominated stablecoin approved by the New York State Department of Financial Services (NYDFS). We believe a growing number of merchants and businesses will start adopting crypto, and we are glad to provide the payment solution together with BitPay, making the process simpler and easier.”

Synergy Pharmaceuticals Herpes Treatment Renews Hope for a Cure and Ignites Debate in Pharmaceutical Industry

For those who contract herpes simplex in any of its forms, the virus is generally considered a lifetime sentence defined by unpredictable flareups and endless rounds of medication.  However, a major treatment breakthrough from Australian research and product development company Synergy Pharmaceuticals suggests that herpes may be curable.  News of this medical breakthrough could lead to a windfall for Synergy, but in addition to its impending success, the company is also tasked with overcoming criticism from many within the medical community.

A young company restores hope

Whereas previous drug trials focused on finding a vaccine for the herpes virus, Synergy Pharmaceuticals focused on finding a holistic solution for existing herpes patients, and the approach generated unprecedented results.

The company used a five-part treatment, the Combination Herpes Treatment, crafted from L-Lysine, Tribulus, Astragalus, Rhodiola, and a Unique Amino Formula.  The special combination of natural ingredients generated T cells which helped break down herpes’ viral envelope and weakened the virus to the point of erasure.  Essentially, the combination treatment prevented cell-to-cell infection and suppressed the virus’ overall activity.

Synergy Pharmaceuticals’ research showed a significant result in 72% of test cases.  Patients involved in the study had been infected for several years and ingested the five core compounds as directed for six months.

The core combination proved to be more effective than traditional antiviral medications or any proposed vaccines.  And since first unveiling the results of its initial study, Synergy Pharmaceuticals has made the core combination treatment available to the public and results have been equally promising.

However, with only a few years on the market, Synergy Pharmaceuticals is a relatively small fish in a very big ocean.  The company is making substantial headway across the Australian and Australasian markets and gaining a foothold in a highly competitive pharmaceutical marketplace.  But its groundbreaking cure, the first-ever natural treatment option for the herpes simplex virus, has invited scrutiny from many critics, including the major medical associations.

And naturally, there are concerns about Synergy Pharmaceuticals’ ability to meet global demand for its product as word spreads.  These queries are understandable, but there’s a simple solution.  To ramp up its capacity, Synergy will need to form strong partnerships across the European sector.  And to reach a scalable level of sales for millions of consumers, more companies need to buy in and support Synergy’s business.  In securing these partnerships, Synergy could take its business revenue to new heights and possibly quiet its critics.

The criticism stems not from ethical concerns about the drug’s effectiveness but from an industry-wide reluctance to embrace medications that aren’t pharmaceutical-based.  It’s an age-old dispute, in which the medical community refuses to acknowledge the health impacts of natural treatments.  The conflict is especially controversial when discussing a potential cure for the most prevalent viral disease. Understandably, critics like Josh Bloom come as no surprise given his longstanding employment with Wyeth and then Pfizer.  What is more starting is considering Josh was himself a supporter and advocate for the Rational Vaccine study that was later brought under federal criminal investigation.    

The (unsuccessful) race for a cure

Scrutiny aside, Synergy Pharmaceuticals has achieved something that many other companies have failed to do.
Vical Incorporated, a biopharmaceutical product developer, launched a clinical study in 2017 with the hopes of treating herpes simplex virus type 2 (HSV-2). The study seemed hopeful – it was double-blind, placebo-controlled, and randomized, and the study group was comprised of herpes patients that experienced 4-9 flareups in a given year.  But in June 2018, Vical announced the study had failed.  Study participants did not see a significant reduction in recurrences during the trial period.  Sadly, based on the study’s disappointing results, Vical decided to terminate its entire HSV-2 program.

Vaccine and immunotherapy company Genocea launched its GEN-003 drug trial with the hopes of discovering a cure for genital herpes.  But in September 2017, the GEN-003 program was shuttered, with Genocea cutting its workforce by roughly 40%.  In an official press release, the company said it was “exploring strategic alternatives” to the GEN-003 program.  Like Vical Incorporated, Genocea too had failed.

This left hope in the hands of Rational Vaccines, a medical research company that had announced a successful 2016 drug trial for a live vaccine, Theravax, which treated both HSV-1 and HSV-2.  Rational Vaccines was the brainchild of Southern Illinois University professor William Halford, who’d been working on a herpes cure since 2007. Halford failed to muster up the financial support to fund his research, so he conducted drug trials without the approval of the FDA.  Three of the patients in his trial had adverse reactions to the treatment and sued Rational Vaccines.  Then, the FDA announced a criminal investigation into Rational Vaccines’ study and operations. So, despite Rational Vaccines’ breakthrough and the promise of its future work, progress was halted, and it seemed the medical industry as a whole had no way forward with a cure for herpes.

With so many highly publicized failures in recent years, it makes sense that critics would doubt Synergy Pharmaceuticals.  But with successful research results and a consumer product on the market, the company is proving that this herpes treatment is the real deal.  

Only time will tell how Synergy Pharmaceuticals and its stakeholders are impacted as the Combination Herpes Treatment becomes more widely available.  However, one option could be a financial showdown with big pharmaceutical companies.  If the giants double down on their antiviral approach, they could try to buy out Synergy to eliminate the threat to their businesses.

 With so many highly publicized failures in recent years, it makes sense that critics would doubt Synergy Pharmaceuticals. But with successful research results and a consumer product on the market, the company is proving that this herpes treatment is the real deal. “While we have been faced with our fair share of challenges. All in all when offering something as revolutionary as what this is, it is to be expected.” CEO Simon Anderson.

Whatever happens, it’s quite possible that Synergy will do more than improve the lives of millions of customers – it could also cause a major shakeup in the pharmaceutical industry.

For more Information: www.synergy-pharmaceuticals

Media Details
Name: Simon Anderson
Company: Synergy Pharmaceuticals
Email: [email protected]

Ready to start a career in blockchain space? Here is what you need to know 

About two years ago I started to wonder how one joins the blockchain world, without prior experience. After doing a week of extensive searches on careers, skills and jobs needed in blockchain, all I could find were a few reddit posts with obvious “You better be a software developer”  rhetoric. I am not a programmer by trade, and that sparked my curiosity about what it takes to transition to blockchain for a career without being a developer. Until recently, all I got were dead ends, old blog posts with very generic “try harder” suggestions and nothing with a hands on approach. It seemed anyone in the field was too busy with building cool decentralized projects and didn’t have time to share it with the rest of us. Two years later, there seems to be even less blockchain career advice yet right now it is looking to be one of the hottest fields to enter right now, according to Linkedin and their 2020 study. 

“As companies explore how to take advantage of this technology, they have a huge need to build this skillset.” – Linkedin

Blockchain skills were voted the #1 top skill employers are looking for in 2020 by Linkedin. It was the top priority for employers hiring in the U.S., U.K, France, Germany and Australia, over in demand fields such as Artificial Intelligence, Cloud Computing and UX Design 

Even in the current crisis it seems that many blockchain companies are actively hiring.

Coinbase also recently announced its specular 40x growth and advertised over 100 positions across its United States offices and in both Europe, and Asia.

The hiring trend in crypto seems to expand beyond just Coinbase, Kraken and Binance. 

“A month after the new coronavirus was first reported, in December 2019, blockchain jobs were submitted to job site at a rate of 114.5 per million. By February 2020 that number had increased 3% to 118.4 per million.” – Bitcoin KE

Recently I got an update that BlockchainDriven, an award winning blockchain implementation company in the blockchain world decided to launch an educational arm focused on giving a real look into the industry and how to get your career started in the space. 

That got my attention, since how can it be possible that there is no information on the blockchain field and how to enter it, while Linkedin says that blockchain space is #1 priority for companies to hire in.  

BlockchainDriven has been around since 2015 and has been involved and implemented in some fantastic projects across logistics, healthcare, finance, cyber security and government tech.  And what they have done with the academy is to open their doors to offer an insider look into these projects.

They just did a free live streaming session last week, Future Proof Your Career on Blockchain and you can watch a recording of it at the link. I found it to be very insightful and relevant to what I was looking for. Instead of trying to overcomplicate the blockchain space, as I have seen companies do many times, the BlockDrivenAcademy session was focused on giving the listener a pure and clutter free look into possibilities in blockchain, what skills sets they need, how current blockchain space looks, what blockchain skills you need to get hired and with hands-on case studies on existing blockchain projects to give clear view of what takes place on blockchain. 

For anyone interested in the blockchain career, this is a great place to start and let the people in the blockchain industry get you up to speed. 

Paul is a Scottish finance expert who moved to New York in 2002 to trade on Wall Street, and has been a blockchain and cryptocurrency advocate since 2013. He is a well-respected member of the global blockchain community, and has worked with banks and other large corporations on integrating blockchain technology into their businesses.

Smartphone-based crypto mining platform, Plosive sells out its IEO within 20 minutes on ChainX

Have you ever considered cryptocurrency mining as a great source of earning? We bet you must have! But, the heavy mining equipment, computational power, and the expensive nature of crypto mining have always been a hurdle. But not anymore. Plosive (PLO) provides you the opportunity to mine cryptocurrency from your smartphones, without having to deal with the hassle of expensive and bulky pre-requisites like mining equipment. 

What is Plosive? 
To put it simply, Plosive is a cryptocurrency specifically designed to enable crypto mining from smartphones. It is a mobile rewards application and does not require the users to pay any amount in advance in order to avail of its smartphone-based crypto mining facility. Plosive claims to be a low-power eco-friendly alternative to traditional crypto mining practices. Moreover, the platform is secure and transparent in all aspects. It has already collaborated with a number of blockchain-based projects in order to provide users with discount benefits, access to new products, etc.

Plosive sold out its IEO within 20 minutes on ChainX
Plosive recently conducted its Initial Exchange Offering on ChainX, which is a multi-currency Korean crypto exchange. Surprisingly, in the first round of token sale held on the 25th of March, it sold out to investors and crypto enthusiasts just within 30 minutes of opening. Second round of token sale held on the 28th of April, it sold out to investors and crypto enthusiasts just within 20 minutes of opening. An IEO is generally meant to distribute tokens via a partner exchange, in this case, ChainX, in order to instill more security and transparency. And Plosive’s performance in the first 20 minutes reflects nothing but investors’ trust in Plosive’s concept of eco-friendly smartphone-based crypto mining. 

Surprisingly, the buzz did not fade off after the first round. Plosive sold out all its tokens, even in its second round of IEO on ChainX, within the first 20 minutes of launch. 

Plosive VS Traditional Crypto Mining
Traditional Crypto Mining usually involves large and expensive mining equipment with huge computational power. However, only a handful of entities are able to afford that – thus, undermining the whole concept of equal power and decentralization. 

Plosive, on the other hand, provides an opportunity for everyone interested to start mining crypto and earn rewards, simply by using their smartphones. It thus mitigates the need for third-party mining equipment suppliers and provides you a more secure path of earning rewards via crypto mining. On top of that, the platform helps you execute the process in a very simple manner, as a result of which, you do not need to indulge in the complexities of blockchain technology. This entire concept of ‘mining made easy for all’ is a massive step in driving crypto adoption, and will definitely go a long way – especially because of the additional benefits that users can access on the Plosive platform –  P2P Mining, maximum rewards, and multisystem mining.

Important Links: 

U.S Authorities Seize COVID Domain Name; Owner tries to sell it in BTC

The owner tries to sell COVID domain name in exchange for Bitcoin; US authorities seize the platform.

According to the recent reports, the U.S Department of Justice has received a warrant against the owner of a COVID domain name called alleging that the person attempted to sell the domain name in exchange for Bitcoin on a hackers forum.

The seller positioned the domain name as a platform to sell demand products with a high markup. In response to the warrant, The United States Attorney’s Office has seized the domain name. This move comes after Attorney General William Barr requested the department to closely monitor fraudulent and illicit activities related to the coronavirus pandemic. 

Michael Johnson, a special agent with Homeland Security Investigations included an affidavit in the warrant mentioning that an HSI agent helped the owner of the domain into the forum.

Moreover, the alleged HSI agent was actually pretending to be selling fake COVID-19 testing kits on the platform, which the owner of the site deemed as a genius. However, he acknowledged  “they wanted to do that but I couldn’t get enough cash to bulk buy them from Alibaba.”

The agent further made a partial payment on 20th April against the domain for which the owner initially requested $500 worth BTC.

Jhonson also suggested that the owner of the domain is probably involved in “laundering monetary instruments as well as aiding and abetting the laundering of monetary instruments.”

As of now, has been taken down and redirected to the Justice Department’s seizure notice. 

Since the COVID-19 pandemic started creating havoc across the world, vendors on dark web marketplaces have been selling fraudulent items related to the COVID-19. Items like hand sanitizers, fake vaccines, face masks, toilet papers, etc. are being sold at exorbitant prices on the darknet. 

Hegic Assigns Loss of Customer Funds to a Typo in its Smart Contract Code

On-chain options trading protocol Hegic says that a ‘typo’ in its smart contract code led to the $28000 worth users funds being locked in its smart contract.  

On-chain options trading protocol built on the Ethereum Blockchain, Hegic has already encountered its first hurdle, days after it launched on the Ethereum mainnet. Hegic introduced its smart contract on 23rd April, but a bug in its code (at least that is what initial audit suggested) has locked up $28000 worth user funds, most of which were in DAI stablecoin and the rest in Ether. Hegic has however assured to refund the money to all its users.

However, it acknowledged that the lost funds will forever be locked in the smart contracts. 

What hasn’t gone down well with users is the fact that Hegic is now reasoning the fund locking to have occurred due to a typo in its smart contract code. A user even took to Twitter alleging that Hegic is underplaying the severity of the bug. 

A software auditing firm named Trail of Bits claimed that Hegic had ignored bug warnings, along with other important flaws in its code.

In an interview with the blockchain news platform Decrypt, Dan Guido, CEO of Trail of Bits told, “It’s clearly an error, and one that would have been easily caught had they written any unit tests.”

Here is how options trading works. Using this method, traders are able to purchase a contract, and then buy or sell assets pertaining to that contract at a later date for a specific price. However, in this case, the error in Hegic’s smart contract stopped users from accessing their funds locked in the contracts, once they had expired. 

Commenting about the issue, Dan Guido, CEO of Trail of Bits stressed the fact that misrepresentation of security audits can be detrimental to the entire DeFi ecosystem. Similar incidents have happened on Ethereum before.

For example, in the 2017 Parity wallet case, an entire library of wallets worth $280 million in the Parity DAO was accidentally removed by an anonymous developer.