SingulatityNET set to ditch Ethereum for Cardano citing speed and cost issues

This potential move will swap the native AGI token from ERC20 to Cardano SingularityNET, the AI company behind the expressive robot Sophia, is “seriously discussing” a migration from Ethereum to Cardano, after announcing a collaboration with IOHK. IOHK is run by the founder of Cardano, Charles Hoskinson, and drives the development of the blockchain platform. SingularityNET is a full-stack AI platform that lets anyone create, share, and monetize AI services at scale. The potential move to Ethereum is driven by concerns around speed and costs that have been badly affected…

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Crypto prediction markets turn against Trump after first debate

Emerging Ethereum-powered predictions platform Polymarket produced six-figure volume amid the first presidential debates. The first debate of the 2020 U.S. presidential election had no clear winner, but crypto-powered prediction platforms are having a field day.  Election futures on crypto derivatives exchange FTX boomed, with the platform’s CEO reporting more than $4 million in open interest trying to pick the winner between Democrat Joe Biden, and Republican Donald Trump. On FTX, Trump’s brash debate performance got a big thumbs down and drove a 10% crash in the price of futures contracts…

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Twitter’s Jack Dorsey takes aim at Coinbase’s apolitical stance

Twitter CEO Jack Dorsey has called out Coinbase for seeking to suppress political activism and suggesting employees who think differently should leave. Twitter CEO Jack Dorsey has taken major U.S. crypto exchange Coinbase to task over its open letter to employees published on Sep 28.  The letter, written by Coinbase CEO Brian Armstrong, explained why the firm intends to avoid political and social distractions, and instead focus on its core mission of building an open financial system for the world. The new direction has met with strong support in some…

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Crypto Bets on the US Election Show Joe Biden Winning the Presidency by 60%

During the first half of the year, betting portals that allow people to wager cryptocurrencies on the upcoming U.S. election had shown Donald Trump winning the election. However, after Tuesday evening’s Presidential Debate, betting markets like Cloudbet show Joe Biden’s chances of getting elected is favored by 61% over the incumbent Trump. Tuesday’s Presidential Debate was considered by many as one of the “worst debates” in the history of American leadership. However, many people still kept score on how each candidate did during the evening’s political discourse. In addition to…

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Spike in new participants buying Bitcoin is ‘obviously bullish’ — Analyst

Bitcoin price has been flat for nearly a month but on-chain data shows a bullish surge in new participants joining the network. The price of Bitcoin (BTC) has remained relatively flat for September and the strong decline in altcoin and DeFi token prices seems to be making the situation worse for many investors.  Despite this lack of bullish momentum, on-chain data reveals that new participants are joining the Bitcoin network at an alarming rate.   Although the price has failed to react to the sharp inflow of new participants, on-chain analyst…

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Dash adjusts block reward percentage to improve the economics of its network

This and other changes come as part of the protocol’s recent mainnet upgrade. Dash Core Group, the entity responsible for developing the privacy-focused coin DASH, publicized fresh changes to the asset’s proof-of-stake network on Sept. 30.  “Dash Core v0.16.0.1 binaries are released and ready for deployment on mainnet by node operators,” said an announcement on Medium from Pasta, one of Dash Core Group’s Developers. “This is a major release and is a mandatory upgrade for all miners and masternodes.” The network update improves the DASH ecosystem in a number of…

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Japanese esports company to pay its players in XRP

Will this ultimately prove to be a significant step for mainstream adoption, or a publicity stunt? SBI esports, a subsidiary of Japanese financial services conglomerate SBI Group, announced that its esports players would receive salaries in Ripple (XRP) going forward as part of a sponsorship deal with venture capital firm, VC Trade. According to the official announcement, player salaries will be paid via crypto instead of fiat in order to strengthen the company’s presence among esports players who also use digital currencies. SBI esports, which is a long-time Ripple partner,…

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Dfinity poised to launch straight into Top 5 crypto tokens by market cap

“Feature complete” final milestone before public launch unveils governance system for the first time. On Sep 30, DFINITY announced its final milestone release before the network’s public launch later this year. This release, called Sodium, represents a “feature complete” version of the network. The company also disclosed details about their governance system, called Network Nervous System, or NNS. NNS will use a proprietary token called ICP to facilitate operations on its “Internet Computer.” At launch, there will be 469,213,710 ICP tokens in existence — a number determined by the quantity…

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As A Privacy Pioneer, Edward Snowden Left A Trail For Bitcoin

This article originally appeared in our Down The Rabbit Hole newsletter. If you want our news and analysis straight to your inbox, make sure you subscribe now! “Do not go where the path may lead. Go instead where there is no path and leave a trail.” — Ralph Waldo Emerson The key feature of Bitcoin is that it is free from control by any single entity or third-party authority. I think that one of its most important qualities is the fact that it was introduced and originally fostered by its…

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Four Lies About The Bitcoin Circular Economy

A Bitcoin circular economy is a closed-loop system that designs out all of the corruption and headache of dealing with central bank-issued money. As savings technology is still the largely dominant story for Bitcoin, it’s helpful to take a closer look at a few lies about a topic that’s growing in popularity: the Bitcoin circular economy. A Bitcoin circular economy requires ways to earn, save and spend bitcoin. Oftentimes, when anyone is making progress on talking about earning or spending bitcoin, discussions will get derailed by fabrications that we can…

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