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CRYPTOCURRENCY AND BLOCKCHAIN NEWS 30 AUG 2019

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Libra Now Paying People For Finding Bugs
Facebook’s cryptocurrency project which is called Libra, is now offering security researchers from anywhere in the world a reward to find bugs in its Libra cryptocurrency testnet. The Libra Association, which is in charge of the cryptocurrency project, will pay up to $10,000 for any critical vulnerabilities that will be uncovered. These critical vulnerabilities include cryptographic implementation flaws which allow for the bypassing of signature validation. Additionally, virtual machine flaws which allow the alteration of the execution of smart contracts written in Libra’s Move language are classified as critical vulnerabilities. Let’s see how effective this is for the Libra platform.

BitTorrent Working On A Blockchain Video Stream Platform
The file-sharing company BitTorrent, which is a subsidiary of blockchain company Tron, is going to internally test its blockchain-based live streaming platform in Q3 of 2019. BitTorrent announced the news in an official blog post on Aug. 27. According to the announcement, the streaming platform — called BitTorrent Live (BLive) — supports live video content and instant messaging service. On top of that, its underlying system reportedly contains a top user chart and a user relationship feature. Is this the future of streaming and entertainment?

Craig Wright Still Claims He Is Satoshi Nakamoto
The man who still claims he invented bitcoin Mr. Craig Wright is pressing on even after Judge Bruce Reinhart ruled against him in the $10 billion lawsuits brought by the estate of Dave Kleiman. In the order, Reinhart launched a blistering takedown of Wright, who still insists that he is bitcoin creator Satoshi Nakamoto.

Bakkt Is Soon To Launch
Bakkt, has been viewed by many as a future catalyst for bitcoin adoption on Wall Street gave its regulated nature and physically settled BTC contracts. That theory has been tested as the launch of the exchange has faced issues. In recent days Bakkt revealed that one of the most important pieces of the project is in place.

The United States Air Force Working On Blockchain Project
The United States Air Force partnered with blockchain big data management startup Constellation. According to a Constellation press release, the startup signed a working contract with the USAF.

Altcoin News

3 Big Blockchain Firms Working Together On A DeFi Product That Pays Passive Income

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3 Big Blockchain Firms Working Together On A DeFi Product That Pays Passive Income
3 Big Blockchain Firms Working Together On A DeFi Product That Pays Passive Income

In a special announcement made at the Unitize conference on July 6,  Cosmos, Polkadot, and Terra revealed a new DeFi savings product called Anchor that aims to offer dependable interest rates on stablecoins deposits. The companies involved in the creation of Anchor plan to launch it across their respective blockchains at the end of Q3 this year and scale across to other PoS blockchains in the future. Do Kwon, founder and CEO of Terra, explained in a prepared statement:

“While DeFi staples such as Maker and Compound have been revolutionary in creating fully decentralized crypto money markets, the volatility of their interest rates makes them unsuitable to be used as a household savings product. DeFi mass adoption needs the creation of a fully decentralized savings account that offers dependable APR.”

Anchor’s smart contracts receive stablecoin deposits and use a portion of them to acquire staking positions on compatible Proof of Stake blockchains. Users will receive their passive income from these staking rewards. The initial governance for this platform will come from the Interchain Asset Association (IAA), a newly formed organization that sees Zaki Manian of Cosmos, Jack Platts of the Web3 Foundation, and Do Kwon of Terraform Labs collectively steering the ship.

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Altcoin News

Telegram Is Set To Shut Down The TON Testnet By August 2020

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Telegram Is Set To Shut Down The TON Testnet By August 2020
Telegram Is Set To Shut Down The TON Testnet By August 2020

Although Telegram has terminated its blockchain project, Telegram Open Network (TON), in May 2020, the TON test net has been apparently running for almost one year. In a July 6 update, the official TON development group on Telegram announced that it would be discontinuing its support of the test network for TON. Remaining TON validators will be turned off by August 1. In the post, the TON official recommended network participants save all their relevant data and stop their testing processes. Despite the testnet being set to shut down less than a month from now, network participants will still be able to continue their experimentation after the testnet is terminated. In order to do that, users can install their own testnet validators, described in greater detail in three different how-to documents containing guidelines for the Full Node, the Validator, and Test Grams.

Telegram launched the TON testnet for explorer and node software on Sept. 6, 2019. In anticipation of its scheduled Oct. 31 launch last year, the company released an alpha version of an iOS wallet to work with its native token, the Gram. But Telegram’s TON plans were never fully realized, as the United States Securities and Exchange Commission suddenly deemed Telegram’s $1.7 billion ICO illegal in mid-October. After a long-running legal battle with U.S. regulators, Telegram agreed to shut down its TON project, as well as return $1.2 billion to investors in line with a court-approved final settlement. As officially announced by Telegram CEO Pavel Durov, the firm had already reimbursed more than $1.2 billion by June 25.

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Altcoin News

Brock Pierce Enters The 2020 US Presidential Race

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Brock Pierce Enters The 2020 US Presidential Race
Brock Pierce Enters The 2020 US Presidential Race

Brock Pierce, entrepreneur, crypto venture capitalist, and child star, has announced his USA Presidential run on Twitter July 5. His tweet stated: “

“I, Brock Pierce, am running for President of the United States of America.”

Pierce’s campaign site states that he is a pioneer digital currency and has raised more than $5 billion for the companies he has founded. Pierce is the Chairman of the Bitcoin Foundation and co-founder of EOS Alliance, Block.one, Blockchain Capital, Tether, and Mastercoin (first ICO). His website, sparse on details, does not say if he is seeking a nomination in a political party or if he is running as an Independent.

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