Ronaldo Gets Ethereum Token as Juventus Tokenizes Players

Italian football club Juventus is launching digital collectibles of players, starting with Cristiano Ronaldo, in partnership with blockchain-enabled fantasy football startup Sorare. The deal will enable Juventus to offer digitally collectible cards, which will be joining the likes of Roma, Napoli, and West Ham as Sorare’s partners. Ethereum-based Juventus Collectibles Launch on Sorare Juventus, a leading Italian football team, will now be offering blockchain-based digital collectible cards of its players. The team announced its partnership with Sorare, a French blockchain fantasy football gaming company founded in 2018, saying that the…

Block.one’s Voice Raises Privacy Alarms: Debt Collection, Crime Prevention?

Block.one’s beta launch of Voice has raised privacy alarms. Home addresses, government identification, and personal photos are required merely to use the platform. More concerning, the service tasked with verifying this information may use it to collect debts and help law enforcement. Block.one Sets a High Bar with Voice Putting social media content back into the hands of the people has been the goal of Voice, the social media platform created by Block.one. The company, which developed the 8th largest cryptocurrency by market cap, EOS, announced the creation of Voice…

The Latest Cryptography Advances Set to Change Blockchain

Cryptocurrencies could not exist without cryptography. Advances in this field can have far-reaching impacts on blockchain technology and its potential. We will examine the opinions of industry experts on the latest cryptographic advances and their potential for cryptocurrencies. Zero knowledge proofs: more than just privacy Director of research at blockchain firm Blockstream and mathematician Andrew Poelstra told Cointelegraph that zero-knowledge proof (ZK-Proof) systems are “one of the most exciting areas of development” in the cryptography space. This kind of cryptography is known and appreciated for being the basis of privacy-preserving…

United Nations Is Among New Entrants in Forbes’ 2nd Blockchain 50 List

Newly released Blockchain 50 list by major finance publication Forbes features some new entrants like major international association, the United Nations. Shortly after including six blockchain-focused firms into its Fintech 50 list last week, Forbes has released another compilation of 50 global enterprises actively embracing blockchain technology. Newcomers include the United Nations, China Construction Bank, Square and others Published on Feb. 19, the new Forbes’ Blockchain 50 list is the second release of its annual Blockchain 50, which was first introduced in April 2019. Similarly to last year’s edition, the…

Users Pay $1M for Digital Land as 2017 ICO Finally Opens Virtual World

Almost three years after its ICO, Decentraland has opened its platform — a virtual world in which participants buy and sell fake land, as well as construct buildings.  Over the past ten days, Decentraland gamers have purchased over $1 million worth of digital anchorage on the Ethereum-based virtual reality product, Bloomberg said in a Feb. 20 article. Decentralanders use the project’s native crypto asset, MANA, as payment within the game.  Users interested in Decentraland Conducting its ICO during the crypto craze of 2017, Decentraland raised over $20 million selling its…

Tax and KYC Issues Plague Upbit’s Foreign Withdrawals, Exchange Says

A Jinse report said that many Chinese Upbit users are finding it difficult to withdraw Korean Won ever since December. Upbit has announced to its foreign users the reasons their withdrawals are still restricted on Feb. 19  in an announcement.  Upbit said in the announcement that (Know Your Customer) KYC and Korean taxation on cryptocurrency among crypto exchanges are the two main reasons behind the restriction. Long wait for the KYC process Since mid-December in 2019, Upbit has enhanced its KYC process and had turned in all the required documentation…

DeFi Insurance Firm Nexus Mutual Makes Its First Payout Following bZx Attacks

Insurance works in crypto so far, though it hasn’t had many big tests yet. Not many people had insurance on assets locked up in bZx’s Fulcrum, but after a bug yielded an exploit of its smart contract, a couple of accounts that did were covered by Nexus Mutual, the London-based crypto insurance company. Nexus Mutual is an insurance company that works like a cooperative (as any company with “mutual” in its name does), so there’s been lingering doubts that its members would actually pay out against valid claims. But after…

Bitcoin Price Fights to Hold $9.5K to Stave Off a Trend Reversal

On Feb. 20 Bitcoin (BTC) price surprisingly dropped 8.85%, a move which caught many investors off guard as up to that moment the digital asset had recovered well from the President’s Day weekend correction and was trading sideways in the $10,200 range. Citing data from CoinMetrics, ARK Invest crypto analyst Yassine Elmandjra tweeted that the $1,000 price drop was the fifth largest USD correction to occur on the hourly time frame since 2017. Since the sharp downside move, traders, analysts, and crypto-Twitter have been attempting to pinpoint the source of…

Decentraland Goes Live on Ethereum Blockchain

Decentraland has gone live on the Ethereum, opening its blockchain-based virtual world to the public for the first time since its 2017 ICO. Users can now visit the blockchain-based virtual world or “metaverse,” reminiscent of online virtual world Second Life launched in 2003. It costs cryptocurrency to own land or claim an avatar name, but guests can explore the world free of charge. In order to promote the launch, Decentraland is running a four-day-long treasure hunt. Visitors can search for special tokens and crypto-collectibles provided by projects such as Matic, CryptoKitties,…

This Is Why the Dow Jones Unexpectedly Dove on Thursday

U.S. stocks are falling on Thursday as a jittery Wall Street continues to eye the expansion of the coronavirus around the world. Dow bulls are nervously watching what could be a new base camp for the disease in Daegu, South Korea. The city of 2.5 million residents faces a possible quarantine. The Dow Jones dropped sharply on Thursday, and the sudden 400 point dip left Wall Street scratching its head. As the day wore on, it became apparent that the Dow’s jitters likely originated from the steady spread of the…