Tag Archives: cryptocurrency

The Main Industry Event -BlockchainLife 2019 -Was Successfully Held in Moscow

The Main Industry Event -BlockchainLife 2019 -Was Successfully Held in Moscow

On October 16-17, Expocentre hosted the 4th International Blockchain Life 2019

— a forum on Blockchain, Cryptocurrency, and Mining. More than 4800 participants attended one of the most important industry events in the world.Global industry leaders, entrepreneurs, investors, and startups from 70 countries came together to discuss the current trends and determine the industry’s development in the coming years. Hundreds of contracts between companies, investors and funds’ representatives were signed at the forum.

The headliner of the forum was the assistant to the Venezuelan president and director of the Venezuelan cryptocurrency department Joselit Ramirez. For the first time in the world, one of the founders of El Petro presented the first national cryptocurrency to the international community. Ramirez talked about how the cryptocurrency was created (from the bottom up: from the needs of the common people to the influence on macroeconomic processes) and about the wide range of opportunities for its application (purchase of equipment, medicine, real estate, and other goods and services in Venezuela).

Participants networked at the exhibition with an area of more than 3000 sq.m. The exhibitors were more than 100 companies: the world’s leading exchanges, manufacturers and suppliers of mining equipment and services, innovative startups and services. Sergei Khitrov (Listing.help) announced the creation of a new association IDEO (International Digital Economy Organization), the activity of which will be aimed at the development of digital technologies in Russia. In the coming years, the association will focus its efforts on the development of blockchain and cryptocurrencies and will present its proposals for the regulation of the industry.

One of the world’s largest crypto exchanges, Bitforex.com, has announced several listing contracts with promising projects for 2019. Kucoin announced the launch of Bitcoin futures, and Bitmain introduced the improved ASIC miners S17+ and T17+. Networking and agreements continued at the grandiose AfterParty in one of the Moscow clubs. The special guest of the evening was rapper Guf, who performed a live concert. The main organizer of Blockchain Life 2019 is the world-leading listing agency — Listing.help. The forum’s general sponsor is an international crypto-exchange BitForex.com. The 5th-anniversary forum Blockchain Life 2020 is on April 22-23, Moscow.

Article Produced By
Ionela C.


Thomas ClaimCo.in

FunFair Technologies launches pioneering wallet solution across partner brands

FunFair Technologies launches pioneering wallet solution across partner brands


CasinoFair and CryptoCasino to benefit from ‘any device, any browser’ wallet and updated user interface

25th September 2019, Dublin – FunFair Technologies, the market-leading decentralised casino provider, has launched a pioneering new crypto wallet and updated user interface which now supports any browser and any device. The new ERC20, non-custodial FunFair Wallet has been developed specifically to provide a seamless user experience for existing and new players gambling with FUN across its CasinoFair and Crypto Casino brands, marking a significant step forward in the name of blockchain mass adoption. Blockchain projects have so far struggled with onboarding friction due to complicated funding mechanisms, security features which differ significantly to mainstream offerings and a lack of usability on mobile devices and certain browsers. The FunFair Wallet addresses these issues with the introduction of more identifiable sign-up processes and security features, while most importantly ensuring the wallet can run on any browser and any device without the need for any third-party plug-ins or apps.

CasinoFair and Crypto Casino players will also engage with a far more immersive, social and Guaranteed Fair casino experience with an updated front-end, offering more intuitive access to their favourite casino games coupled with the most generous and varied promotions in blockchain casino. Jez San, CEO at FunFair Technologies, said: “Since launch, we’ve maintained our position as the most progressive blockchain casino provider and the launch of the bespoke FunFair Wallet and second generation platform interface will confirm this position as we strive for mass adoption.

“Onboarding has been a struggle across the wider decentralised sector but our new wallet, built specifically for use at our partner casinos, will fix this immediately with a seamless, recognisable sign-up process, straightforward security features and simple crypto funding choices.” FunFair’s first live casino brand, CasinoFair, has also relaunched its brand identity in-line with the new wallet and UI. It now features a more vibrant and progressive aesthetic which is expected to appeal to the millennial blockchain audience, while also staying true to its ‘Famous for Fairness’ foundations which underpin every aspect of its gaming experience.

About FunFair Technologies

FunFair is the leading B2B blockchain casino platform provider, changing the gaming industry for the better. Running on the blockchain, FunFair is empowering a new breed of operator with a low-cost platform, game developers with access to a vast new audience, and players with a Guaranteed Fair experience superior to anything else on the market. Its team has over 100 years of combined experience in the gaming and casino space, as well as 20 years of blockchain expertise, providing a platform to deliver the best slots, table and unique instant win games in a transparent, fair manner.

Article Produced By

Independent ICO Research and Reporting on the Biggest Cryptocurrency Winners From a Top 10 Crypto News Site


Thomas ClaimCo.in

Neobank Juno Raises USD 3M from Polychain Sequoia and Dragonfly

Neobank Juno Raises USD 3M from Polychain, Sequoia and Dragonfly


Juno aims to provide a high-yield account for savings

Juno, a neo banking platform that leverages decentralized digital assets to provide customers a high-yield account for savings, has announced that the completion of a USD $3 million seed round. Investors include prominent firms such as Polychain Capital and Sequoia Capital’s Surge. The platform is set to launch in select markets next year and is taking a radical approach towards creating an open and global financial system for everyone, regardless of location or income.

Banks in developed countries – including the US, Europe, Japan, and Singapore – traditionally offer between 0.01% and 0.10% interest through checking and savings accounts. This interest will be distributed daily and will fluctuate regularly.  Clients will also be able to send and receive money anywhere in the world without intermediaries and at no cost. Additionally, the company plans to introduce a debit card with a partner bank in the future. Juno is built on the Ethereum blockchain and uses Nuo protocol for its core functionality. Its main feature is to enable decentralized lending and borrowing of digital assets to earn a high yield on stablecoins such as USDC. Juno is leveraging these assets to build the next generation of global decentralized financial and banking services (DeFi).

Varun Deshpande, co-founder of Juno 

“Today, we are excited to unveil Juno – a neo banking platform that aims to provide everyone a high yield account for their savings. Our goal with Juno is to help create an open financial system for the world by providing equal opportunity and access, no matter where you are born or how much you earn. We are also delighted to partner with Polychain Capital, Sequoia Capital’s Surge and Dragonfly Capital on this journey as we build a new age banking platform from the ground up.”

Olaf Carlson-Wee, Managing Member, CIO of Polychain Capital

 “We were early supporters of decentralized finance and stablecoin systems, both of which have continued to gain meaningful traction in the market over the past couple of years. We believe Juno is well-positioned to bring decentralized finance to the mainstream with their neo banking platform for digital assets. We are particularly impressed with the team’s focus on simple user experience, unlocking liquidity using smart contracts, and their Asia first strategy.”

Juno was founded in July 2019 by Varun Deshpande, Ratnesh Ray, and Siddharth Verma after creating the Consensys-backed Nuo protocol in 2018. Using Nuo smart contracts, lenders can supply crypto assets and earn daily interest, while borrowers can instantly access credit using their digital assets as collateral. Smart contracts allow for algorithm-driven pricing, disbursals, and collections, ensuring efficiency and transparency. Nuo protocol has grown organically to USD $25 million in deposits and USD $20 million in loans disbursed, making it the most popular DeFi app in Asia. 

The founders’ past ventures also include BeeWise, an alternate credit analytics platform acquired in 2017 by Aditya Birla Money. As a serial entrepreneur, Deshpande was the co-founder and CEO of TopTalent, a high-end recruitment platform as well as AVP marketing at Topper, a Fidelity-backed edtech platform in India. He holds a degree from BITS Pilani. Ratnesh Ray graduated from IIIT Allahabad and was the head of data science at TinyOwl, a Sequoia India backed foodtech app. Prior to that, he was a software developer at Toppr, where he helped create personalized tests and social features. Siddharth Verma was part of the early team at Arista Networks where he worked on their flagship product consisting of high-density switches. He was previously a software developer at Cisco and an alum of BITS Pilani.

The seed round also saw the participation of Dragonfly Capital, Consensys Labs, Astarc Ventures, Singapore Angel Network and notable angel investors Balaji S. Srinivasan (Ex-CTO, Coinbase and General Partner, a16z), Amrish Rau, Jitendra Gupta (CEO & MD, PayU India), and Loi Luu (Founder, Kyber Network), Nitin Sharma from Incrypt, Venu Palaparthi (CCO, Dash Financial), Rajesh Chelapurath (President, Ceera Investments), Brian Ma (Founder, Divvy Homes), Sanjay Mehta from Mehta Ventures, and Prashant Malik (Creator of Apache Cassandra).

Article Produced By

Independent ICO Research and Reporting on the Biggest Cryptocurrency Winners From a Top 10 Crypto News Site



Thomas ClaimCo.in

Crypto Exchange CoinField Bringing Stock and Fiat-backed Stablecoins on the XRP Ledger

Crypto Exchange CoinField Bringing Stock and Fiat-backed Stablecoins on the XRP Ledger

CoinField’s sologenic is a sophisticated ecosystem aiming to facilitate investing and trading of on-demand tokenized assets, including Stocks and ETFs from 25+ global exchanges on top of XRPL.


Last Tuesday, Canadian cryptocurrency exchange CoinField revealed in a press release details

on its new project Sologenic. The innovative idea is to make stocks such as Tesla and Apple tradable on

the popular XRP ledger.

“We’re making it easy for people around the world to have access to different global stock exchanges via the blockchain.” said Bob Ras, CoinField CEO, and added “Imagine living in Tokyo and being able to trade assets from NASDAQ, HKEX, LSE, Deutsche Boerse, and major exchanges on one secure platform. This platform tokenizes stocks on the XRPL as demanded, allowing you to trade it against any cryptocurrency and spend in real-time anywhere.”

For market-making and liquidity, Sologenic deploys SOLO Coins (?), which are issued on the XRP ledger to ensure that liquidity transactions take place in a matter of seconds. They work as a dynamic bridge between crypto-assets and traditional assets by being paired directly with fiat as collateral to settle with third-party brokerage firms.

On Sologenic, users can invest, trade, and tokenize assets such as stocks, ETFs, and fiat on-demand with ultra-fast and efficient transactions in real-time. For example, a tokenized stablecoin of TSLA or USD is presented as TSLA? or USD?. These stablecoins are tradable and redeemable against XRP and SOLO on both CoinField exchange and XRPL DEX. The new tool merges the most tried and true aspects of traditional financial markets with all the efficiency benefits of cryptocurrency technology, especially the transaction

speeds of XRP.

“Ultimately, Sologenic helps the mass adoption of cryptocurrency by allowing people to invest in stocks. It’s a WIN-WIN for everyone!” – Bob Ras, CoinField CEO

SOLO will be available for trading on CoinField’s existing exchange and major global crypto exchanges. Moreover, the company announced an upcoming Decentralized XRPL Exchange. The exchange built on top of the XRP ledger enables users to trade issued tokenized assets for SOLO or XRP.

SOLO Community

Sologenic is a community-based ecosystem where users can participate in different decision making events and benefit from the SOLO Community Fund (SCF) and the SOLO Expansion Fund (SEF). Developers are encouraged to contribute to the Open Source SDKs and other decentralization initiatives. Users can voluntarily participate in multiple time-based reward programs and receive up to 20% rewards annually. SOLO holders are eligible to obtain a free Crypto Card which enables them to spend their SOLO coins instantly anywhere in the world. Cardholders will receive a monthly rebate up to 2% on the total amount spent via these cards.

Article Produced By
Bitcoin Garden

This content is brought to you by the Bitcoin Garden staff.

Thomas ClaimCo.in

Crypto Affairs: When Will Bitcoin’s Price Stabilize?

Crypto Affairs: When Will Bitcoin’s Price Stabilize?


Bitcoin value has been see-sawing recently, with the token hitting a new low at $7,805 last Monday

and then bouncing all the way up to rally 12.73% and reach $8805 by the end of last week on Friday. Since last week, the value of Bitcoin has dropped again, down to $7,945.12. Trading on October 16 proved too much for the cryptocurrency and we saw it slide under the mental threshold of $8,000. To many people that signifies only one thing – trouble. Bitcoin is taking the familiar roll-coaster once again. What does this mean for traders and owners? Well, they will need to adjust. As to players at online casinos, that won’t necessarily affect them as crypto casinos, rare breed as they are, usually nail down the value of all cryptocurrencies and don’t let it influence payouts. This is good news for some.

How Much of a Slide Is Too Much?

Now, the price of Bitcoin is bound to fluctuate and whether we fret over it or not – at least on day-to-day basis – we wouldn’t change that much. What we can do is focus on forecasting how the cryptocurrency will behave in the long-term. According to respected cryptocurrency journalist and analyst Michaël van der Poppe, the real question is whether is going to plummet below the $7,400-mark. The sentiment that Bitcoin can be going back after bouncing just a week ago has remained a strong sentiment. Crypto Rand, a popular trader who doesn’t shy away from Twitter and voicing his opinions – with accuracy on most occasions – has said that he would withhold on making immediate trades.

Therefore, each day moving forward would be an answer to the question whether Bitcoin is going to keep crumbling. The answer, most likely is a yes, as there are a lot of scares that now seem to weigh down the cryptocurrency. Meanwhile, the value of a number of altcoins has seen a similar move and popular cryptocurrencies such as Tron, EOS, and Binance Coin all started dropping value.

Bitcoin in Freefall? Not Quite Yet!

Bitcoin is not in freefall. Far from it, in fact. Yet, it’s interesting to note that the cryptocurrency is definitely of the volatile sort. That hasn’t stopped Karma Automotive, a manufacturer of luxury vehicles in California to begin accepting Bitcoin as a payment option. This seems to reassure some. Yet, that’s just a drop in the sea. Meanwhile, Aliant Payments has decided to pay compensation packages to employees in Bitcoin. Of course, this last bit doesn’t signal the strength of the cryptocurrency, but it’s good to see that Bitcoin is still very much part of the daily order. Going around the United States, it’s difficult not to see that Bitcoin is getting more and more attention, and there is no shame in that. Miami International Airport also saw its first Bitcoin ATM freshly delivered, which is a good reminder that Bitcoin is very far from being gone. Of course, we will have the same topic daily and even hourly – what’s Bitcoin’s value right now, and as we upgrade one news, another major change will happen.

Can Bitcoin Stave Off Libra, and Is Libra Better at All?

And while we talk Bitcoin, we should also address the elephant in the room – Libra. The cryptocurrency that’s supposed to be a game changer. Yes, a lot of people will go with Facebook’s Libra and those who are whales will definitely benefit from getting cosy with Mark Zuckerberg’s company. What about the rest? Power to the people? Was power to the people the motto behind selling private information of millions of people? Facebook’s Libra may have all the good intentions that go hand-in-hand with idealism, but the simple truth is that it cannot be trusted. For the same reason that Mark Zuckerberg didn’t stand accountable for his company’s actions when he appeared at the Congress hearing. Yes, there is some good in Libra – specifically that it will try to peg its value to FIAT currencies. Time will show. Bitcoin price will definitely know a few choppy trading days around the time Libra releases!

Article Produced By
Bitcoin Garden

This content is brought to you by the Bitcoin Garden staff.

Thomas ClaimCo.in

Ripple Explains FUDs Decrease in XRP Sales in Q3 Report

Ripple Explains FUDs, Decrease in XRP Sales in Q3 Report


Ripple Inc. has released its Q3 report, a move geared towards increasing the transparency of XRP ecosystem.

When the digital currency was launched in 2012, nothing more than 100 billion units of XRP was created, but “Ripple was gifted a portion of this XRP,” out of which it sells out to enlarge the XRP ecosystem by investing in ideas capable of reshaping the Ripple ecosystem. In the released report, Ripple stated that it decreased the sales of XRP by 74.5% compared to Q2 sales. This quarter, Ripple sold $66.24 million worth of XRP compared to $251.51 million it sold in Q2. During the last quarter, 3 billion XRP were released out of escrow and 2.30 billion XRP returned back. For now, Ripple is now available on over 140 exchanges worldwide, the report indicated.

During the quarter, Ripple’s investment arm Xpring launched developer platform to strengthen the relationship between developers and entrepreneurs and give them the advantage to build on the XRP Ledger while making use of XRP token. The developer platform is open-sourced and can accommodate the 23 million developers across the globe by giving them the chance to enable payments in any of their innovation. As well, Ripple invested in Logos, Coinme, BRD, and XRP-centric Coil partnered Mozilla and Creative Commons to launch Grant for the Web. Also in Q3, Bitpay and Xpring deals were sealed, and the formal is now supporting XRP, bringing the digital currency to its thousands of customers worldwide.

FUDs Everywhere.

Ripple tagged those making FUDs about XRP are only spreading misinformation purposely to undermine the nascent and innovative idea. It said bot accounts on Twitter are now more active at condemning Ripple’s XRP, and more unique bots are being created every time to do the same. Conversation about Ripple “dumping XRP” and “flooding the market” from bot accounts, increased by 179% quarter over quarter. While Ripple claimed it cannot manipulate the price of XRP, the company pointed that there is no difference between what is obtained in BTC, Ethereum community and XRP community. The same way large holders exist in many crypto community is the same way it

exist in XRP ecosystem.

“We do not see evidence that large holders of XRP are behaving materially differently than BTC or ETH ‘whales’.”

The company pointed that around 49% of conversation alleging Ripple of being involved in XRP price manipulations came from bot accounts.

Article Produced By
Olayode Yusuff

Olayode has made meaningful contributions to Huffington Post, Thrive Global, Oracle Times, The Independent Republic, Forbes, Washinghton Post and a host of other news magazine. He’s a blockchain enthusiast covering news on notable cryptocurrencies and seminars from far and within.


Thomas ClaimCo.in

Willy Woo: Bitcoin Already Reached 40 of Fiat Currency Life Expectancy

Willy Woo: Bitcoin Already Reached 40% of Fiat Currency Life Expectancy


The crypto community keeps exploring the features of the current situation around BTC

amid the constant movement of the most capitalized cryptocurrency rate in a narrow price range. A well-known analyst on Twitter under the nickname Money Man expressed the opinion that a further decrease in BTC price can cause the large-scale purchase of the cryptocurrency. The specialist shared with his readers, with the intention to acquire a large amount of BTC if it drops to the level of $ 5,000. At the same time, a well-known investor in the crypto community, Willy Woo, averred that the position of BTC is similar to the level of development which fiat currency could reach by only over 27 years. Against the background of the current situation of the most capitalized cryptocurrency, Bitcoin evangelist Pierre Rochard believes that the US dollar is the only competitor to BTC. At the same time, he notes that BTC has attracted more new users than any other saving asset in the market over the past 10 years.

Will Bitcoin Be Able To Replace Fiat Currency?

This brings up variety of online resources and most often forums about cryptocurrency. The discussion regularly reaches a boiling point, mainly demonstrating the opposing positions of programmers and economists. To conclude, how soon will the new currency be able to overcome the global financial system, we have to explore a similar experience. A clear example is the appearance of the Euro in common life. There was ECU until 1998. Europeans introduced the new system gradually and replaced the ECU with the EURO in ratio 1: 1. Theoretically, replacing such an international currency as the US dollar over 10-15 years is possible too.

Due to the growth of the United States, national debt analysts predict an imminent crisis in the country’s financial sector. Investors are already looking for alternative investment options. Some choose the Swiss franc, others choose the Japanese yen. At the same time, many of them are turned to the cryptocurrency. Bitcoin is characterized by amazing gains, especially in contrast to the profitability of investments over the world. Perhaps the USA is using Bitcoin as an alternate option, realizing the instability of the US dollar. These thoughts are prompted by the fact that cryptocurrency has been legalized and is being prepared for introduction into the stock market.

But we have to expect that Bitcoin will replace the US dollar soon. Today we are witnessing only the initial stage of the emergence of electronic money, which is not dependent on the control of state regulatory bodies. Rather, familiar currencies evolve in a competitive environment that arose after the advent of cryptocurrency. In this case, the mechanism of international transfers will be simplified, and operations will be cheaper. One thing that we can say with confidence is that we observe a truly epic confrontation of systems that have been established over the centuries on one hand and advanced technology on the other hand.

Article Produced By
Victoria Tiebienieva

Victoria Tiebienieva is an Europe based cryptocurrency writer with over 5 years writing experience in the cryptocurrency space. Victoria has written numerous articles for popular cryptocurrency websites across Europe and beyond. She has spoken about cryptocurrency in notable media houses across her country.


Thomas ClaimCo.in

V SYSTEMS and X-VPN Revamp TCPIP to Launch Blockchain-Powered Internet Protocol

V SYSTEMS and X-VPN Revamp TCP/IP to Launch Blockchain-Powered Internet Protocol

X-VPN and V SYSTEMS have co-launched a decentralized internet protocol called Tachyon that offers vast improvements on the current TCP/IP protocol.


V SYSTEMS and X-VPN have co-launched Tachyon, a blockchain-powered internet protocol.

X-VPN is a leading VPN service that boasts 50 million active users, with its mobile app ranking among the top 20 globally on both Google Play and the Apple App Store. V SYSTEMS is a blockchain database project led by Sunny King, the inventor of Proof-of-Stake (PoS).

Building a Decentralized Internet Protocol

The two companies teamed up to build Tachyon, the next-generation decentralized internet protocol, by revamping TCP/IP with blockchain technology and other peer-to-peer (P2P) technologies. The move takes V SYSTEMS’ closer to its goal of creating a borderless internet that ensures security and privacy for users, and advanced network performance. V SYSTEMS also plans to build a Decentralized Finance (DeFi) ecosystem that hosts a wide range of DeFi apps. Tachyon will provide a “fundamental layer of decentralized information infrastructure” that is needed to support the fast and efficient development of DeFi applications. Tachyon will also take advantage of X-VPN’s huge existing user base to help it become a leading decentralized internet platform.

The Need For a Next Generation TCP/IP

Transmission Control Protocol/Internet Protocol (TCP/IP) is a suite of protocols that computers use when communicating over a network, such as the internet. After 36 years of use, TCP/IP-based internet communication is now starting to fail in meeting the demands of internet users. Tachyon states that there is an increasing demand for security, trust, speed, privacy, and stability, but the current vulnerabilities TCP/IP has makes it fall short in providing this. This has been proven by the deterioration of cybersecurity, with an increasing amount of significant incidents occurring over the last ten years. This includes malware attacks like “VPNFilter,” which infected more than 500,000 routers globally, and data breaches like at Yahoo! where 3 billion user accounts were compromised.

The erosion of privacy is also considered a problem, with huge state-sponsored surveillance organizations such as the NSA and GCHQ, and global intelligence alliances such as Five Eyes, collecting and sharing vast amounts of internet users personal information. The Tachyon Protocol hopes to overcome the current shortcomings of TCP/IP by combining proven P2P technologies, such as blockchain, UDP, DHT, and encryption. Next-generation infrastructure like this could help to facilitate the rise of Web 3.0, decentralized applications, and IoT. Tachyon states that in the future, it expects other blockchains to adopt its protocol and apply “its capabilities in DeFi, gaming, internet surfing, instant communication, data distributing, and other areas.”

Article Produced By
Darren Brazer

Managing Editor, Tech Journalist, and Financial Market Analyst. Darren has over four years of experience as a market commentator and two as a journalist. As Darren's experience in the blockchain industry has grown, so has his ability to spot stories, build industry contacts, and maintain a factually accurate standard of reporting. Darren started at [blokt] as a journalist, and due to his incredible attention to detail, he progressed to an Editor position. This was followed shortly after by his promotion to the Managing Editor position. He is responsible for maintaining our editorial process and guidelines for journalists, and for ensuring our editorial policy demands high professional and ethical standards from our writers.


Thomas ClaimCo.in

Monero Interview: Shedding Light on the Coming 015 Upgrade and RandomX

Monero Interview: Shedding Light on the Coming 0.15 Upgrade and RandomX

On Tuesday, October 1st, Justin Ehrenhofer, the Monero Community Workgroup Organizer, discussed the coming Monero 0.15 update and RandomX in an exclusive interview with Blokt.com.


Monero, a leading privacy coin and top twenty cryptocurrency by market cap,

is due to have one of its two scheduled upgrades this month. Monero 0.15 will bring it with it some new security and privacy features, a new proof-of-work algorithm called RandomX, and other changes. I spoke to Justin Ehrenhofer, the Monero Community Workgroup organizer, to shed light on the new update, RandomX, and other developments occurring at Monero.

The interview went as follows:

The Monero 0.15 software update is coming this month, could you tell us about that?

Monero 0.15 is one of Monero’s scheduled upgrades that happen twice annually. It contains new privacy and security features, more refined code, and a better GUI user experience. New users will now connect to the network in a more decentralized manner, and they will have the option of connecting with an effective anonymizing network (i2p). Users can now easily connect to Monero nodes that are run behind firewalls, such as school or apartment connections. These changes substantially will improve the robustness of the Monero network. The largest change is RandomX, a new take on ASIC-resistance. While the long-term effectiveness of RandomX is yet to be seen, a tremendous amount of effort has gone into designing, developing, testing, and auditing the new mining algorithm. This algorithm is the strongest effort to-date to prevent ASICs from dominating the Monero network.

What is RandomX, and why is it being implemented?

RandomX is a new Proof of Work (PoW) algorithm that is optimized for general-purpose CPUs. The idea is over a year in the making and relies on random code execution that is difficult for specialized hardware to manipulate. RandomX isn’t meant to be “ASIC-proof,” but it hopes to close the efficiency gap so significantly that other financial factors discourage significant network control. ASIC manufacturers’ small efficiency gains must be compared to the lost financial option to sell used generic hardware, for instance. In a volatile market, the flexibility of CPUs in particular shine.

The Monero community rigorously discussed the best paths forward for this update. For two of the last three updates, Monero’s proof of work tweaks were easily incorporated by ASIC manufacturers, who dominated the network in just a few months. RandomX is a significantly more aggressive change than a tweak to CryptoNight, Monero’s current base algorithm. Presented with RandomX and ASIC-friendly algorithms as options to adopt for this update, the community decided that RandomX better retained Monero’s long-standing principles. Hopefully this remains the situation for a long time.

Can you tell us about the coming Tor and i2p improvements?

Tor and i2p allow users to better conceal their network metadata, such as their IP address, from other Monero users. The Monero CLI supports Tor and i2p. The GUI supports i2p. The GUI now works well with Tails, a privacy-focused operating system. While network metadata isn’t the only piece of information to worry about protecting, users can now easily defend against network surveillance and adversaries that attempt to correlate user IP addresses with transactions.

What are the regulatory challenges Monero faces? How will these be dealt with?

Monero is a decentralized project in an ever-changing regulatory landscape. It is supported on many US-regulated exchanges and other cryptocurrency exchanges abroad. I believe that Monero faces more of a perception problem than anything else. Conservative exchanges and services may avoid Monero if they lack the resources to justify their compliance decisions. Nevertheless, I’m optimistic that the importance of privacy is better understood now by the public than it was when Monero launched in 2014. Monero is also a much healthier project with hundreds of contributors who want to do good.

How can people stay up-to-date on the latest developments in the Monero ecosystem?

Users should subscribe to the [Monero-announce mailing list](https://lists.getmonero.org/postorius/lists/monero-announce.lists.getmonero.org/) at the bare minimum to learn about network updates. Beyond that, they can watch the monthly [Coffee Chats](https://youtube.com/c/monerocommunityworkgroup) or join the biweekly [community workgroup meetings](https://reddit.com/r/MoneroCommunity). Developers can follow projects on GitHub and join the biweekly developer meetings in #monero-dev.

The second edition of Mastering Monero is coming soon, can you tell us about the book?

Mastering Monero is a free, community-contributed resource that introduces readers to many of the idealistic and technical concepts of Monero. You can get print and digital copies from https://masteringmonero.com. The second edition is still in the early stages.

What might we see happen in the Monero ecosystem over the next 12 months?

As far as major protocol changes are concerned, keep an eye on ring signature upgrades. Omniring, Lelantus, and RingCT 3.0 offer alternative ways to improve Monero’s privacy and efficiency, though these still need further evaluation before being used in production. On the community side, I hope that the decision-making process is more formalized and accessible to newcomers. There are talks of the next Monero Konferenco in Europe, and Monero will hopefully have its own village at Defcon again next August.

Article Produced By
Darren Brazer

Managing Editor, Tech Journalist, and Financial Market Analyst. Darren has over four years of experience as a market commentator and two as a journalist. As Darren's experience in the blockchain industry has grown, so has his ability to spot stories, build industry contacts, and maintain a factually accurate standard of reporting.Darren started at [blokt] as a journalist, and due to his incredible attention to detail, he progressed to an Editor position. This was followed shortly after by his promotion to the Managing Editor position. He is responsible for maintaining our editorial process and guidelines for journalists, and for ensuring our editorial policy demands high professional and ethical standards from our writers.


Thomas ClaimCo.in

CipherTrace Tracks 700 Digital Coins and Tokens Ahead of Tightening Regulations

CipherTrace Tracks 700 Digital Coins and Tokens Ahead of Tightening Regulations

Tracking the actual blockchains and transactions may be necessary as stricter regulations turn to the blockchains themselves to trace illegal transfers of value.


CipherTrace, one of the pioneers in blockchain tracking,

has expanded its capacity to provide data on 700 types of assets. Initially starting with Bitcoin (BTC), now CiperTrace aims to track the 100 best-traded assets. Because the crypto market only selects some tokens, CipherTrace has managed to expand to 87% of the most active pairings. The possibility for detailed blockchain reports can help with KYC procedures, where even the origins of crypto coins can be tracked. Within the recent selection, not only the leading coins were included, but

also hundreds of ERC-20 tokens.

“I would emphasize that this giant leap in blockchain visibility was no easy feat,” said Shannon Holland, CipherTrace CTO. “It has taken intense work and technological breakthroughs over the last four years, as well as collaboration with regulators and financial investigators. We can now discern and automatically verify previously unfathomable amounts of blockchain data and characterize it with a high level of confidence. We will continue to add more tokens, stablecoins, and blockchains in the coming months.”

The need to track tokens has been demonstrated mostly after exchange hacks. The most notorious example was Cryptopia, where a hacker took control of ERC-20 token wallets. Partial analysis showed some of the token movements, but in the end, most managed to be moved to exchanges without flagging. The other source of requirements for crypto coin movements may come from the US tax service, the IRS. According to the latest guidelines, some taxable events occur even without the need to sell the assets for fiat. The IRS requirements are still unclear, but more blockchain knowledge and tracking may increase the drive to tax crypto coins. Until recently, token addresses and tainted wallets were only flagged sporadically, when discovered in relation to hacks or exploits. Now, CypherTrace allows regular tracking and even anti-money-laundering

measures on the blockchain.

“Only by helping virtual asset service providers rid their networks of criminals and terrorists will the industry achieve the level of trust required for widespread adoption and government acceptance,” said Dave Jevans, CEO of CipherTrace. “Until now, large swaths of the cryptocurrency ecosystem have remained opaque to AML and CTF monitoring. By delivering the most comprehensive cryptocurrency intelligence, we are helping to create a multi-trillion-dollar global crypto economy.”

Article Produced By
Christine Masters

Business writer with a knack for bubbles and market madness. Has tracked it all: the financial crisis of 2008 and the implosion of Lehman Brothers; bank bailouts and peak gold and silver, penny stocks…and now Christine has moved to cryptocurrencies for fresh stories.


Thomas ClaimCo.in