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IOTA’s Utility Maximization Tangle Paper Wins Best Paper Award at UNet 2021

Mark Brennan
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IOTA’s Utility Maximization Tangle Paper Wins Best Paper Award at UNet 2021

On its Twitter page, the IOTA team has proudly announced that its paper entitled “Utility maximization in the Coordinator-less IOTA Tangle” has won the best paper award at UNet 2021.


UNet is an international scientific conference dedicated to hot topics and trends in the sphere of computing and networking.

The goal of the paper is to consider and discuss ways of getting rid of the Coordinator mechanism that helps to achieve network consensus.

This year marks the sixth symposium on Ubiquitous Networking.

The Iota paper writes:

“Getting rid of the Coordinator in the IOTA Tangle is a challenging task, especially regarding the network trustworthiness. Using a customized tested, we experimentally analyze the functioning of the GoShimmer, IOTA’s current implementation of the decentralized Tangle, with respect to specific network performance metrics. We observe that a trade-off exists among such metrics. We thus propose to determine the optimal rate allocation through an optimization problem maximizing network performance and user utility. We further propose a distributed and asynchronous scheme to allow nodes to solve such problem.”

Source

Bursaspor Sports Club Announced To Release Fan Token In Collaboration With Chiliz

Mark Brennan
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Bursaspor Sports Club Announced To Release Fan Token In Collaboration With Chiliz

Bursaspor, one of the most important sports clubs in Turkey, was the sixth Turkish team to be included in Socios.com ecosystem. The club announced that it would issue a fans token with the name $BUR.


Partnering with Chiliz and Socios, the club’s fan tokens will be available for purchase in the coming months. Bursaspor Fan token can be used in voting of important decisions of Bursaspor, and winning VIP awards. The club will announce details about the fan token in the upcoming days.

Speaking on the subject, Bursaspor President Erkan Kamat said:

“We are on a new road with Socios.com in order to demonstrate that our club, who wants to leave the difficult days behind, engage with the fans on digital platforms. Our goal is to build a stronger and more sustainable bridge between our fans and our club. In this sense, with the $BUR Fan Token, our fans will have the opportunity to have a say in club decisions and at the same time win valuable awards and privileges.”

With the competition on the field, football has turned into a race to catch up with the innovations of the digital world and to present these innovations to its fans as products and services.

Alexandre Dreyfus, Founder of Chiliz and Socios.com, said:

“The club has had great success in its history as the club has an incredible bond between the team and their passionate fans. As the club looks to the future through fan tokens, fans will now have the opportunity to be closer to the team than ever before. We are pleased to include Bursaspor in our network as our sixth Turkish club and 33rd business partner ”.

Socios.com Tweeted:

 

Strong Institutional Inflow in Polkadot-A Detailed Report

Albert Brown
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Strong Institutional Inflow in Polkadot-A Detailed Report

Polkadot outperformed the rest of the market during this latest bearish weather. With start of 2021, Polkadot climbs the leaderboard in both market capitalization and terms of broader institutional and retail interest. Launched in May 2020, Polkadot (DOT) has quickly established itself as one of the most popular next-generation blockchains.


PoS Protocols Attracting Interest of Institutional Investment. A recent report by digital asset management company CoinShares says institutional investors show increasing interest in Proof of Stake (PoS) coins.

The biggest winners in net inflow are Cardano (ADA) and Polkadot. According to CoinShares, Cardano and Polkadot have taken the lion’s share of the $27 million net inflow of altcoin space.

Cardano made a whopping $10 million, while Polkadot’s received $7 million in inflows, and its multi-asset capacity took $5.5 million.

The report, titled Digital Asset Fund Flows, also notes that overall digital asset investment products saw a net outflow of $97 million for the second week in a row. This represents 0.2% of the total volume of flows entering the crypto market.

CoinShares has linked the ongoing outflow of funds to the growing regulatory uncertainty surrounding cryptocurrencies and Bitcoin environmental concerns. The report found that bitcoin holdings fell $111 million in assets under management (AUM).

Ethereum Dapps (decentralized applications) platform has also not been spared, although it has lost a much smaller amount. According to CoinShares estimates, the second most valuable cryptocurrency received an outflow of $12.5 million.

Environmental issues around BTC and ETH stimulate interest in DOT. There could be a transition from well-established digital assets like Bitcoin and Ethereum due to environmental concerns associated with crypto mining to more energy-efficient protocols.

This growing interest in PoS coins made Dubai-based crypto investment fund FD7 Ventures swap 75% of its bitcoin assets for ADA and DOT.

According to the Dubai Foundation, the plan is to accumulate DOT, given its growing importance in the Defi world. FD7 Ventures says projects like Bitcoin are already mature because of their high valuation.

Amid this adoption, digital investment firm Osprey Fund launched the Osprey Polkadot Trust to provide crypto exposure for high net worth investors looking to buy DOT in April 2021. Coinbase acts as the custodian of the Trust.

Bitcoin, the world’s oldest virtual currency, uses a proof of work (PoW) consensus mechanism just like Ethereum, and both are widely criticized for their energy absorption protocol.

According to Cambridge University metrics, Bitcoin uses more energy to verify transactions on the blockchain than most small European countries. Since then, this disturbing data has witnessed proponents and critics of crypto calling for a more efficient verification protocol.

Parachain Launch Could Lead Polkadot To Increase Market Share. PoS protocols are well suited to address this energy problem due to their lower power consumption and faster verification time. Polkadot is one such protocol, and its blockchain architecture is expected to allow multiple blockchains to transfer value without Trust.

Polkadot is also in the last phase of its development process after founder Dr. Gavin Wood announced the launch of its core parachains architecture on its Canary Kusama chain. According to Wood, the parachain shell will be deployed on the subsidiary Kusama blockchain network, and its success will herald the launch of parachains on Polkadot itself.

Crypto Hedge Funds Lifting DOT. Polkadot is also enjoying the growing adoption of crypto hedge funds. A recent report by the professional services company PwC states that the Polkadot is one of the most actively traded digital assets of crypto hedge funds, with 28% of all funds involved in trading the crypto asset. For comparison: 92% of all funds trade in Bitcoin, 67% in Ethereum, 34% in Litecoin, 30% in Chainlink, and 27% in Aave.

Investors’ positive attitude toward protocols such as Polkadot could lead to more buyers entering the market in the coming days.

Ripple Is On 2021 CNBC Disruptor 50 Companies List

Mark Brennan
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Ripple Is On 2021 CNBC Disruptor 50 Companies List

Crypto giant Ripple Labs has been included in the annual list of 50 disruptive companies published by CNBC.


It also includes the Ripple client, Flutterwave and the Robinhood app, which allows investors to trade stocks and cryptocurrencies.

The list includes private companies that have grown rapidly, along with strong technology developments, despite the global pandemic that has originated in China.

Robinhood is ranked #1 as the enemy of Wall Street. Last year, Robinhood was ranked 46th. Flutterwave is #21 for helping African businesses take off.

Last year, Ripple also made it onto this list of CNBC’s disruptive ventures. In 2020 it was ranked 28th for offering a “crypto response to remittances” and this year Ripple is placed on 38th number as “Making waves in crypto regulation.”

 

According To A Survey Conducted By Harris Poll More Americans Have Heard Of Dogecoin Than Ethereum

Albert Brown
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According To A Survey Conducted By Harris Poll More Americans Have Heard Of Dogecoin Than Ethereum

According to a survey conducted by Harris Poll in conjunction with CouponCabin, over 2,000 adults in the United States for their thoughts on cryptocurrencies.

According to the survey results, 29% of respondents said they were familiar with Dogecoin, compared to 21% familiar with Ethereum.

 

Out of 2,063 respondents, 89% said they had at least heard of cryptocurrency already. Bitcoin was already known to the majority (71%) of the respondents, and Dogecoin was the second most popular coin.

Other digital assets that Americans claimed to be familiar with included a stable coin launched by Coinbase and Circle, USD Coin (USDC), which 21% of respondents said they knew. About 18% of respondents said they were familiar with Litecoin (LTC), and 10% said they knew Stellar (XLM).

When asked if they believe cryptocurrencies will be the future of money, 31% answered positively, and 30% said they consider crypto to be “innovative.” At the same time, 23% of respondents said they consider cryptocurrency a get-rich-quick scheme, while 19% described the technology as dubious or nefarious. Almost half (44%) of respondents said they would be open to receiving cryptocurrency through the online cashback reward program.

Cardano (ADA) Founder Charles Hoskinson Shares His Opinion on the Bitcoin Mining Drama in China And Recalls That Proof Of Stake (Pos) Systems Demonstrate Higher Mobility

Mark Brennan
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Cardano (ADA) Founder Charles Hoskinson Shares His Opinion on the Bitcoin Mining Drama in China And Recalls That Proof Of Stake (Pos) Systems Demonstrate Higher Mobility

Charles Hoskinson recalls that proof of stake (PoS) systems are more mobile and can therefore be deployed anywhere in the world.


In his latest tweet, Mr. Hoskinson compared proof of stake (PoS) and proof of work (PoW) systems. This is due to the fact that Chinese miners are going through difficult days in search of an opportunity to move their business out of China.

“I wish the Chinese miners the best of luck”

Hoskinson stressed that PoS systems allow their operators to deploy servers anywhere in the world using only the command line. As a result, regulatory repression will never be a problem for PoS blockchains like Cardano (ADA).

He Said on Twitter:

Remember with a Proof of Stake system, you can move your server deployment anywhere in the world via the command line. I wish the Chinese miners the best of luck relocating all their extensive mining equipment somewhere else

 

Meanwhile, Mr. Hoskinson wished the Chinese miners “good luck” in exporting mining equipment from the PRC. As previously reported, according to insider information, the outflow of miners from China has already begun.

Kazakhstan and Pakistan are named among the most viable alternatives for deploying Chinese mining equipment. In addition, some analysts foresee an invasion of Africa, Mongolia and Afghanistan by the Chinese mining giants.

Ethereum Miners Made All-Time-High Profits In May

Jakkk
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Ethereum Miners Made All-Time-High Profits In May

Despite the fall of the cryptocurrency market, Ethereum miners made All-Time-High profits in May 2021. As of May 24, the gain of the ETH miners was $1.93 billion.



The income of miners from commissions amounted to $922.46 million, and the profit from the blocks extraction was $1.01 billion. Almost half of the profits were generated by the miners from transaction fees. The month of May has already become a record in terms of the amount of miners income, and by the end of the month, this figure will exceed $2 billion.

In early May, the Ethereum price rose above $4,000. Therefore, it is not surprising that the miners received a record income because the cost of electricity remains the same, but ETH was sold for a higher prices.

Since January, the Ethereum miners have been receiving more and more returns. In January miners made $829 million, then in February, Eth mining profit grew to $1.37 billion. Last month, Ethereum miners made $1.7 billion. This month which is still going on, ETH miners have already achieved All-Time-High Profits and can easily cross 2 billion profit mark.

Man Accused Of A Murder Plot Trying To Hire Undercover FBI Agent As A Hitman For $14,000 In Bitcoin And Cash To Kill A Woman

Mark Brennan
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Man Accused Of A Murder Plot Trying To Hire Undercover FBI Agent As A Hitman For $14,000 In Bitcoin And Cash To Kill A Woman

A California man has been arrested on charges of allegedly hiring a hitman in exchange for $14,000 in bitcoin and cash to kill a woman he briefly dated.


Scott Quinn Burkett, 24, of Beverly Hills, is facing a federal murder-for-hire charge after reportedly sending thousands of dollars in bitcoin and cash to arrange the murder without knowing that his correspondence was with an undercover FBI agent posing as a “hitman” the Central District of California Attorney’s Office said in a statement.

According to Oxygen, Burkett met the woman through a Facebook fan page dedicated to the Japanese anime show. The woman flew to Los Angeles to meet Burkett at the end of October last year, but found him too sexually aggressive and tried several times to break off relations with him after the trip, the affidavit says.

Burkett, who did not accept the breakup, became very possessive and began constantly reporting the woman until her concerned family members told the suspect’s father about the harassment, the affidavit said.

A distraught Burkett allegedly contacted a group on the darknet that advertised for hit-and-run services, the Daily Mail reports.

According to the affidavit, he filed a murder order on April 28 using his username “Ula77,” saying,

” I’d like it to look like an accident, but a robbery gone wrong might work better. I would also like her phone to be retrieved and irretrievably destroyed in the process.”

The FBI charged Burkett with making bitcoin payments totaling $13,000 between April 5 and May 5. Authorities testified that the group Burkett allegedly initially contacted was part of a scam, and that they contacted local media outlets who contacted the FBI.

Then, on Wednesday, an undercover FBI agent posing as a hitman reportedly contacted Burkett. During negotiations with the fake hitman, Burkett allegedly demanded a photo confirming the death, which would show the corpse and the tattoo of the woman.

The agent sent Burkett a photo of the woman Burkett confirmed was his intended target. Burkett then allegedly made a final payment of $1,000 via Western Union on May 19 during a Rite Aid near his home late on Thursday, May 20, after lunch, leading to his arrest the next day.

Burkett’s court appearance is scheduled for Tuesday, May 25. If convicted on the murder-for-hire charge, Burkett faces a maximum of 10 years in federal prison.

Nhash Launches Referral Program to Reward Customers

Mark Brennan
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Nhash Launches Referral Program to Reward Customers

Cryptocurrency mining is a highly technical and expensive venture. Over the years, the process has become more difficult with the need to own ASICs which consume a significant amount of power and require a lot of computational capacity. As a result, not many can afford to mine cryptocurrencies directly, but it doesn’t mean that investors cannot earn from it.

Cloud mining provides an opportunity for just about anyone to profit from crypto mining. Investors can just pay for a mining contract while the cloud mining company does the actual mining and then pays them back based on their investments.

There is no need to have any knowledge of cryptocurrency or know anything about mining to invest in Nhash. Investors only have to pay for a mining contract and the company does the rest.

 

Affordable investment for all

Nhash has a range of investment options that should suit a wide range of customers.

Several daily, weekly, monthly, and even 3-monthly plans are available to choose from. Investment starts from as little as $5 and up to $12,000. Investment can be made in BTC, ETH, or LTC, depending on the contract an investor is interested in. 

nhash 2

Earnings are paid out daily at different percentages which are different for each investment plan. As payments are made daily, customers can also easily withdraw them to their personal wallets or decide to re-invest. 

Investors can sign up by creating an account using their email addresses and a password. After that, they can pick any plan that suits them and pay for it. The first payment can then be expected in 24 hours, allowing them to earn a living from their investment. 

The company recently launched a referral program that pays its customers 2% of referral investment. Going forward, customers can earn their own passive income as well as extra income from referring friends and family to the website.

nhash 3

In addition to the referral commission, Nhash also pays new customers a $5 signup bonus which is enough for daily investment. There is also a $30 signup coupon that they will get upon signing up. You can sign up today and start earning from the pool with just your investment.

Cardano and Polkadot ETPs launched by Swiss investment firm

Mark Brennan
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Cardano and Polkadot ETPs launched by Swiss investment firm
  • The Valour Cardano SEK ETP launched on the Nordic Growth Market Tuesday under the code CH111478796.
  • The Valour Polkadot SEK (CH1114178770) is to follow later this month, according to an announcement Tuesday.
  • The products are fully backed by ADA  and DOT purchased by Valour, a Zug-based subsidiary of Canadian decentralized finance (DeFi) asset manager DeFi Technologies.
  • The launches follow similar products by fellow Swiss digital asset manager 21Shares, which launched its DOT product in February and ADA equivalent in April, both on the Swiss SIX exchange.

Valour Structured Products Inc said it has launched its Cardano ETP on the Nordic Growth Market in Sweden, with the Polkadot ETP scheduled to launch on the exchange later this month.

The growing popularity of alternative cryptocurrencies has taken another step forward after a Swiss digital asset firm launched two exchange-traded products (ETPs) tracking two of the most popular altcoins, Cardano and Polkadot.

On Tuesday, Valour Structured Products Inc said it has launched its Cardano ETP on the Nordic Growth Market in Sweden, while the Polkadot ETP is scheduled to launch on the exchange later this month. The new ETPs will be backed by Cardano and Polkadot purchased by Valour.

Both of the altcoins have risen to prominence in recent months alongside steep jumps in value, with the price of Cardano having increased by 1,117% so far this year while Polkadot has risen 375%.

The launch of altcoin ETPs follows a similar trend for more established cryptocurrencies such as Bitcoin, Ethereum and Litecoin, all of which have at least one ETP on European exchanges as investors increasingly search for ways to play the crypto market through traditional financial products.

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