Uniswap’s Daily Volume Nudges $25M Despite Scam Token Concerns

Uniswap’s daily volume has rallied to nearly $25 million despite the spotlight on imposter tokens trading on the exchange. Daily trade volume on the decentralized exchange (DEX) and liquidity pool Uniswap has rallied to $25 million on the back of a strong first day of trade for the digital asset protocol Ampleforth’s AMPL. ETH-AMPL currently comprises Uniswap’s top pairing by volume, with nearly $2.9 million in trade activity over the past 24 hours. The past day comprises the second-strongest on record for Uniswap V2, however, the first incarnation of the…

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‘Significant’ Ethereum Rally Signals New Altcoin Season — Peter Brandt

Ethereum price saw a bullish breakout against Bitcoin on July 9 and veteran trader Peter Brandt believes this could trigger a new altcoin season. Popular trader Peter Brandt believes that Ether (ETH) saw a significant breakout in its ETH-BTC pair on July 9. According to the veteran trader, the breakout could be a signal that a new altcoin season could occur in the near-term. Brandt tweeted: “Significant breakout in ETH-BTC with target of .03276 BTC. Most alts should gain on Bitcoin in near future.” ETH-BTC daily chart. Source: Peter Brandt…

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‘Libra Will Never See The Light Of Day’: Monetary Historian

Economic historian Barry Eichengreen believes that stablecoins are either too fragile, or too expensive, to emerge as a dominant monetary form. UC Berkeley professor Barry Eichengreen argues that Facebook’s planned Libra stablecoin faces too many “insoluble” problems, and too much resistance from governments, to ever launch. “Libra is an interesting idea that will never see the light of day,” he told the Unitize conference on July 10. Eichengreen asserts that the stablecoin sector is largely ignorant of monetary economics and history. He said his economic work had led to invitations…

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Smart Contracts ‘Have Limited Potential’ Without IoT Sensors

Smart contracts in the trade sector will need to rely on IoT sensors to live up to their full potential new research suggests. Smart contracts have limited efficiency in certain industries if not implemented in conjunction with IoT sensors according to experts in blockchain and business from NYU.  Stern School of Business Associate Professors Hanna Halaburda and Yannis Bakos presented their research at the Unitize conference July 10 on the interaction between smart contracts and Internet of Things (IoT) sensors in improving business efficiencies. Smart contracts make business more democratic…

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DLT Voting Would Likely Benefit Democrats: UNSW Professor

Professor Richard Holden thinks exploring distributed ledger technology for voting in US elections could put voter fraud lawsuits to bed. Richard Holden, an economics professor at the University of New South Wales Business School, says using distributed ledger technology could allay Republican concerns over mail-in voter fraud — but would likely benefit the Democratic Party.  Holden spoke at the Unitize conference on July 9 on The Law and Economics of Blockchain. The university professor said distributed ledger technology (DLT) has the potential to increase voter turnout and have a “meaningful…

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Texas Regulators Take Aim at South African Cryptocurrency MLM Scheme

The Texas State Securities Board has successfully shut down the operations of an illegal cryptocurrency investment scheme. The Texas State Securities Board has shut down the activities of a South African multi-level marketing scheme involving cryptocurrency investments in the state. In a recent statement, Securities Commissioner Travis J. Iles said that the company has duped investors into sending them Bitcoin (BTC), which would supposedly be transferred to unidentified forex brokers for automated trading using artificial intelligence. According to the statement, Mirror Trading International PTY LTD recruited unregistered salespersons to lure…

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Community Asked for Input to Guide Australia’s Blockchain Roadmap

The Australian Government has reached out to the blockchain community to help identify opportunities for blockchain adoption in the supply chain and credentialing sectors. The Australian National Blockchain Roadmap Steering Committee has reached out to the wider blockchain community in order to create working groups to explore specific applications of the technology within the supply chain, agricultural and educational sectors. The invitation on the Australian Government’s Department of Industry, Science, Energy and Resources’ website asks interested parties to submit their expressions of interest before the 22nd of July. The working…

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Santander Adds Several Available Regions For App in Partnership With Ripple

Massive retail bank Santander recently broadened compatible regions for its One Pay FX app in collaboration with Ripple. Mainstream banking giant Santander added 19 available regions for its One Pay FX international payments app built in collaboration with blockchain and crypto payments outfit Ripple.  A forward-thinking entity, Santander constructed One Pay FX as a borderless blockchain-based payment channel, in the form of an app, according to a statement posted by Ripple on July 9.Building the app alongside Ripple, Santander launched the app in 2018.  Formerly only available in the United Kingdom, Spain,…

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New York Court Rejects Bitfinex Appeal Over $850M in Lost Funds

New York’s Supreme Court has rejected Bitfinex and Tether’s appeal in the ongoing dispute between the firms and the NY Attorney General over $850 million in lost funds. A New York Supreme Court has found that veteran cryptocurrency exchange Bitfinex and its related stablecoin company Tether (USDT) must face claims they concealed the loss of commingled corporate and client funds. The claims were brought by New York Attorney General Letitia James, who has accused firms associated with Bitfinex and several associated companies of hiding more than $850 million in lost…

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Low Ether Volatility: No Trader Interest or Calm Before the ETH Storm?

Although Ether has seen its transaction volumes surge and active addresses skyrocket, its price has failed to spike in the past month. Media magnate Steve Forbes recently criticized cryptocurrencies for their volatility, saying that one day they can be a steak, and the next day they can turn into dog food. Price fluctuations have accompanied the digital currency market since its inception and have been an important reason for the interest of traders in cryptocurrency. But it seems that something has gone wrong in the last couple of months. As…

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