Cypher Trace added the [Binance] smart chain to its analytics toolkit

Cypher Trace added the Binance smart chain to its analytics toolkit

The intelligence tools developed by Cypher Trace can now be used to detect illegal activity across the Bainance smart chain and over 600 dapps based on it.

CipherTrace has added support for Smart China Bainance (BSC) to its analytics tools. This integration feature allows the detection of any suspicious activity within the chain.

 The China Bainance Smart Network was developed by an exchange of the same name and is similar to Atrium in that it allows developers to create various applications on top of the network. However, it is much more focused. At the time of writing, there are more than 4,000 Atrium nodes that approve transactions on the network, and there are only 21 nodes in the Smart China Bainance network.

CipherTrace CEO Dave Jevans explained in a statement: "One of the benefits of our data document system is that when we add analytics tools to the blockchain, it supports all the applications built into it. We also add the network.

This new feature allows crypto service providers such as exchange offices, banks, OTCs, wallets and other financial institutions to detect suspicious transactions in the China Binance Smart Network and help prevent illegal activities such as fraud. کردن.

Researchers at CipherTrace recently stated that the rapid growth of the cryptography industry is leading to an increase in illegal activity.

"Compliance with global anti-money laundering regulations is of paramount importance," added Samuel Lim, CEO of Bainance. He hopes to integrate network credentials as well.

The Banks Exchange, meanwhile, is currently under investigation by the US Department of Justice and Home Revenue Service.

An overview of the {cryptocurrency} market [Thursday], May 27

An overview of the cryptocurrency market Thursday, May 27

Bitcoin's failure again at $ 40,000

Bitcoin began its gradual recovery on Monday following the latest developments following news of China's position in the cryptocurrency market. Within hours of the price drop to $ 31,000 on Sunday evening, BTC experienced a price increase of more than $ 5,000.

As we reported yesterday, the market's top cryptocurrency continued to rise, reaching $ 40,000. The cows were able to push the price to the highest daily level and close to $ 41,000. However, they could not continue this process any longer. So soon after, it began to decline again.

In the first place, recent reports of a ban on BTC mining in Iran by the end of the peak electricity consumption season have pushed bitcoin below $ 40,000. After that, the same trend continued and reached $ 37,400 (on Bitstamp).

Despite a $ 1,000 improvement since then, the asset shows a 4 percent decline on a 24-hour scale.

Red-clad Altcoins

Yesterday, most of the replacement coins also went up, with Atrium closing above $ 3,000 and BNB close to $ 400. However, the situation has changed somewhat and most penises are seen in red today.

Ether failed to break the $ 3,000 resistance and reached about $ 2,700 with a 3.5% negative correction. Baines Coin (BNB) also fell 2.6% to $ 360. Cardano (-2%), XRP (-4%), DOGE (-5.5%), Polkadot (-4%) and Bitcoin Cash (-4%) have also fallen since yesterday. In contrast, Uni Swap with 3% The growth has been met and China Link has risen 5% to over $ 32.

Among the lower market value altcoins, Enjin Coin (32%), Livepeer (15%), Chiliz (13%) and Stacks (11%) had double-digit growth. On the other hand, Revain (-13%), Phantom (-13%), Harmony (-12%), Shiba Inu (-12%) and Holo (-11%) were down.

The cumulative value of the cryptocurrency market has fallen by $ 100 billion since yesterday to $ 1.7 trillion.

Raising $ 12[ million ]in crypto startup Reach

Raising $ 12 million in crypto startup Reach

Reach, a blockchain development platform designed to simplify the creation of decentralized applications (dapps), announced today that it has raised $ 12 million to develop its offerings and launch a commercial version.

The platform currently supports decentralized application development for Ethereum and Algorithm, although the Reach Declaration states a "growing set of protocols." Reach likens its platform to launching Apple's iOS platform for mobile apps, and shows that designing and launching apps and services using blockchain paves the way for developers.

According to Reach, the company's $ 12 million credit is worth $ 48 million.

PayPal plans to have withdrawals with [Bitcoin] and other + cryptocurrencies in its program

PayPal plans to have withdrawals with Bitcoin and other cryptocurrencies in its program

PayPal is set to add support for cryptocurrency withdrawals to third-party wallets.

Jose Fernandez da Ponte, vice president and general manager of China's blockchain and cryptocurrencies, announced the new performance at the CoinDesk Consensus 2021 conference:

"We understand that if you can move cryptocurrencies, they will be more useful. "So we're definitely looking at how we can allow users to transfer cryptocurrency to their PayPal address or vice versa."

It is not clear when PayPal users can transfer their passwords through this app.

The company first offered its cryptocurrency in October 2020, before gradually expanding it.

PayPal is also in the early stages of offering its StableCoin.

What is the [Amp] cryptoCurrency?

What is the Amp cryptoCurrency?

Amp is a digital collateral code designed to facilitate fast and efficient transmission. This password is used especially for cases that have given priority to security and irreversibility.

Amp Plays a collateral that confirms the value of each transfer that has not yet been verified. This process can take from seconds to hours or even days. Amp tokens used as collateral are usually released upon reaching an agreement for a specific transfer and made available to another person as collateral for the transfer. If there is no agreement on the transfer, the Amp collateral can be transferred as compensation.

What makes AMP unique?

In fact, Amp is the fastest and most verifiable collateral that facilitates any future transfer. Therefore, any transfer-related action can proceed without delay. By using the amp as collateral, individuals and legal entities benefit from the security and performance of collateral that is clearly present in the general ledger without any changes.

Amps are also an agnostic asset. The Amp feature set is compatible with any type of asset transfer - digital or physical - and can therefore be used to facilitate immediate and irreversible transactions for any type of asset.

To organize the collateral process in the blockchain, Amp uses a concept called collateral partitions. For each asset, process, program, or transaction that requires the issuance of collateral, Amp specifies a partition that can be accessed or managed with any number of operator addresses. Provides precise control and scalability for almost unlimited uses

How does AMP digital currency work?

At the core of the Amp collateral model is the concept of collateral partition. Collateral partitions represent subsets of Amp tokens that provide collateral for specific purposes and are separated by unique section addresses in the Atrium blockchain. Each collateral can be set with its own set of rules on hooks and transfer privileges. It can also define a predefined partition strategy to enable specific features.

To lock, release, and reward, Amp uses managers who provide chain collateral.

These collaterals are actually smart contracts that are managed by Amp on behalf of a specific collateral program. Collateral managers are closely associated with different parts of the collateral to allow, deny, or direct the transfer of amp codes if necessary. These collaterals support value transfer activities. Amp supports any number of collateral contract implementations designed by the administrator. Anyone can create and deploy their own collateral as a smart contract manager to integrate Amp into their applications and use them.

Ilan [Musk] was happy😊 with his meeting with the American miners

Ilan Musk was happy with his meeting with the American miners

Tesla CEO Ilan Musk has just tweeted that he encourages bitcoin miners to use renewable energy to power mining.

Musk has said he is in talks with North American-based bitcoin miners. These miners are committed to providing a plan for the use of renewable energy and a report on how to use them. According to Musk, they pledged to ask other miners around the world to do the same.

"This is potentially promising," he wrote at the end of his tweet.

Michael Silver, CEO of MicroStrategy, also attended the meeting. Silver wrote on Twitter that the miners had agreed to establish a "Bitcoin Mining Council." According to Silver, the move will increase transparency in the use of energy with the aim of accelerating the process of initiatives around the world.

The executives of Argo, Block Cap, Core Scientific, Galaxy Digital, Hive, Hut8, Marathon and Riot were present at the gathering, Silver said. According to him, they "decided to create an organization to standardize the process of energy reporting, follow environmental, social and governance (ESG) standards, as well as market growth and education."

Homa{ Airline} creates a new generation of plane tickets on a [token] platform

Homa Airline creates a new generation of plane tickets on a token platform

In order to move in the direction of digital economy and to use blockchain technology in the aviation and tourism industry, the Airlines of the Islamic Republic of Iran (Homa) intends to change the sales system by issuing a Homa ticket token called "Hematic" in a contract with Phoenix. Create the country's aviation industry.

As the first and largest airline in the country, in order to develop new services in the path of digital transformation and move towards the digital economy, blockchain technology with the help of Phoenix Company, as the first and largest infrastructure, according to IRNA on Tuesday. The head office distributed in Iran was employed in the aviation and tourism industry to issue, for the first time in the world, the technological generation of flight tickets based on tokens.

"One of the problems with selling plane tickets is unforeseen issues for individuals, which makes it very difficult to plan ahead for trips in the next few months and buy tickets early," Homa said in a statement today. On the other hand, airline passengers prefer to buy their flight ticket before the approach of holidays or occasions when there is a high probability that the ticket will be scarce, but in the ticket sales system, there is no possibility to buy an open ticket, meaning a ticket without time. Hematic tokens are designed to meet the stated challenges.

Citizens in the near future using hematic tokens can have new experiences of buying airline tickets of the Islamic Republic of Iran (Homa); In fact, using this token for economy class, it is possible to buy a ticket without time based on air distance, with this service, passengers can purchase this token in advance and over time, regardless of the city of origin and destination, and in accordance with Use the distance of your flights. There is also the ability to exchange this token with other passengers.

In the process of calculating the cost of flying with a hematic token, the air distance between the two cities or the so-called "natural mile" between the two cities is used. Each unit of this token is equal to the benefits of using a seat in economy flight over 100 nautical miles; For example, passengers must pay 4.1 tokens to purchase a ticket on the Tehran-Mashhad route, which is 410 nautical miles away. Also, on routes less than 250 nautical miles, at least 2.5 tokens will be received to issue a flight ticket.

According to Homa, the hematic token of the Islamic Republic of Iran Airlines (Homa) is a change in the ticketing process and a revolution in the Iranian aviation industry.

Is [Ethereum] better than Bitcoin? + Goldman Sachs comment

Is Ethereum better than Bitcoin?

Since the advent of digital values ​​over the past decade, Bitcoin has always been the market's first currency and has attracted a lot of capital. Even when the price of bitcoin reached $ 65,000, the bitcoin market cap exceeded $ 1 trillion. The price of bitcoin has halved since the $ 65,000 peak. Extreme price fluctuations are part of the features of this digital currency. But many digital currency traders and investors are wondering if Bitcoin is a better option for long-term investment in the market. Some investors think that Ethereum may be much better than Bitcoin.

Goldman Sachs believes that Ethereum is better than Bitcoin. Goldman Sachs' research shows that Ethereum is better than Bitcoin for long-term investment in the digital currency market. Bitcoin and Ethereum are very different from each other. Although Bitcoin is only a digital currency, Ethereum has the ability to execute smart contracts. Simply put, Bitcoin is a simple currency, but Ethereum has a strong infrastructure that allows the user to engage in a variety of economic activities.

Ethereum can be the foundation of a decentralized financial system. Ethereum Network has been able to implement borrowing programs. Even NFT allows art creators to sell their work with Ethereum , while retaining the rights of the creator. Ethereum is a network based on turbulence and charges for each transaction. For this reason, Ethereum provides a continuous stream of revenue to miners or digital currency miners. This means that Ethereum is an economic asset that is also profitable. That is, the value of the Ethereum increases as the network expands.

In the near future, Ethereum will again surpass Bitcoin in crypto services. Currently, the Proof-of-work protocol wastes a lot of energy. This protocol forces each miner to validate and validate any complex encrypted transaction. In bitcoin mining, for example, the energy used to extract this digital currency is equal to the energy consumed in a country like the Netherlands. This issue has caused a lot of criticism and may even accelerate climate change.

There is another protocol called Proof-of-Stake. This protocol allows miners to validate and validate transactions to the extent that they each have a share of the network. This protocol does not have the general drawbacks of the Proof-of-Work protocol. In the Proof-of-Work protocol, any miner who owns 51% of the network can easily reject the validation of others. But under the Proof-of-Stake protocol it is not possible to do so. The founder of Ethereum (Vitalik Buterin) has announced that he wants to change the Ethereum network protocol from Proof-of-Work to Proof of Stake. This will make Ethereum more attractive to investors than ever before. This change is likely to take effect in 2021.

In the heavy cryptocurrency |market| crash, whales are buying+ bitcoins

In the heavy cryptocurrency market crash, whales are buying bitcoins

Evidence suggests that the largest bitcoin hoodlums (BTCs), also known as bitcoin whales, are aggressively buying this leading cryptocurrency amid recent price corrections. This fact increases the optimism that the recent sales pressure will end in the not too distant future.

Recent Glassnode data suggest that Anthony Pompliano recently concluded that bitcoin whales, which hold between 10,000 and 100,000 BTC, bought 12,2588 BTC at the height of the market crash on Wednesday. Have. Most of the traffic generated by cryptocurrencies came from the United States, while the premium queen base reached 3,000 BTC at some point.

According to Bloomberg, several hedge funds have also confirmed that they have bought the currency as prices fall. Other companies that have purchased significant amounts of bitcoins during this period include the two major British companies MVPQ Capital and ByteTree Asset Management and Three Arrows Capital in Singapore.

"Three Arrows Capital co-founder Kyle Davis told Bloomberg:

"Those who took out loans to invest were automatically excluded from the system. Whenever we encounter a high volume of liquidation in positions, we get a chance to buy. "It's not surprising if Bitcoin and Atrium make up for the total price drop in a week."

Another unidentified bitcoin whale, which sold 3,000 bitcoins for $ 58,000 on May 9, repurchased 3,521 bitcoins on May 15, 18 and 19.

Important[ points] for choosing a {cryptocurrency} exchange

Important points for choosing a cryptocurrency exchange

One of the main things in learning and teaching digital currency is knowing the currency exchange based on the currency code and using its capabilities. Digital Currency Exchange is an online platform for storing and exchanging digital currency.

The exchange acts as an intermediary between buyers and sellers of digital currencies and receives commissions by conducting transactions from traders; So you can buy, sell and convert your digital currencies in this digital marketplace.

In this article, we will discuss some golden tips when choosing a digital currency exchange, which are as follows:

Exchange commission amount:

When choosing a suitable exchange, pay attention to the amount of commission that the exchange receives during transactions. In some exchanges, the costs are zero for transactions in the currency code to the currency code, but in transactions related to the conversion of the currency code to Fiat and vice versa, the commission is received.

External exchange without the need for a VPN:

If you want to operate in foreign exchanges, "Hot Bit" exchange is a good option. Because there is no need to go through the authentication process. You can register via mobile number and email. In addition, you do not need a "VPN" when operating in this exchange. This is one of the brightest options for investors living in Iran.

Minimum transaction amount:

In order to buy and sell digital currency in exchange offices, a minimum trading amount has been set, based on which you can buy and sell. The minimum transaction amount is very high in some exchanges; Therefore, it is necessary to pay attention to this point when choosing an exchange office

Identify the active group in the exchange:

The names of the main beads are specified in reputable exchanges and you can search for their records; Therefore, do not subscribe to exchanges whose active members are not known in the support group.

Disadvantages of operating in foreign exchange offices

Due to the embargo, it is not possible for users living in Iran to perform authentication steps. In these steps, it is necessary to enter the address of the place of residence, the photo of the identification documents and.

To register and operate in foreign exchange offices, you need to enter the site via VPN and change your IP address. It is necessary to enter the site in the next visits to the exchange with the same initial IP when registering.

If the VPN is disconnected and the IP is changed during any of the transaction and order registration steps, the exchange office will block your account and your assets will be blocked.

Benefits of working in foreign exchange offices

In most quality and reputable exchanges, it is possible to use the Stop Loss feature. With this feature, you can protect your trades from any losses. In this way, you determine your loss limit before starting trading.

In some exchanges it is possible to insure assets. This means that in case of hackers attacking the exchange site, your assets will be returned through insurance.

 
Benefits of working in an Iranian exchange

Ability to buy currency code in Rials
Direct deposit and withdrawal from Rial bank account
Persian language site
Access to global markets
24-hour support all days of the week
Ability to perform authentication steps
Deposit and withdrawal at high levels
Ability to follow up and complain