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Would the real Satoshi please stand up!

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Is Satoshi Nakamoto Coming To The Surface?

A person claiming to be the “real” Satoshi Nakamoto has said that they have about 10 billion dollars worth of bitcoin and that they will be disclosing their identity very soon. A blockchain company called Satoshi Nakamoto Renaissance Holdings promised that the “real” Satoshi would finally break his silence after a decade of anonymity. What he said he will reveal his real name. Why he hasn’t moved any of his 980,000 bitcoin. Country of origin. Educational and professional background. And His plans for a bitcoin renaissance. Is this person the real Satoshi Nakamoto, will they reveal their identity, and will Craig wright disappear into obscurity from now until the end of time?

Nexo Pays Out Healthy Dividends To Investors.

Crypto lending firm Nexo has paid its token holders a total a little over 2.4 million in dividends, reaching an annualized dividend yield of 12.73%. According to a recent press release, Nexo has a user base of over 250,000. And Nexo’s dividend yield is said to be higher than every dividend-paying stock listed on the S&P 500 market index. Nexo pays out its total dividend in two parts — 50% comes from the Nexo Base Dividend and the other 50% from the Nexo Loyalty Dividend.

New Zealand Tax Code Now Includes Cryptocurrency.

The national tax authority of New Zealand which is called the Inland Revenue Department has recently published binding rulings and guidance for salaries and bonuses paid in crypto. This ruling applies only to salary and wage earners and not to self-employed individuals, and only for services performed by an employee for a fixed amount and as a regular part of his/her remuneration.

South Korea Works On Crypto City.

In South Korea, there has been an announcement about the Blockchain Hub City Development Research Service – which is in the city dubbed “Bit-Island”. It has been reported that cloud services provider Tilon will carry the research. The budget is meant to cover the costs of the project amounts to about $145,000.

Pundi X Helps Bring Crypto Payments to Panama

Cryptocurrency startup Pundi X announced that its point-of-sale payment gateway will soon be launched in Panama and its surrounding regions. Blockchain development company Chainzilla joined the initiative as a local distributor.

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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