IOTA Partners With luxury Fashion Brand to Use DLT for Supply Chain 10033

IOTA, the German blockchain foundation, is launching a DLT solution to enable a more sustainable and ethically-sourced fashion industry alongside global manufacturing company Avery Dennison, they shared with The Block. The platform will be trialled by luxury label ALYX to allow its customers full insights into the supply chain. Customers will be able to track the journey of the purchased item, from creation to the point of sale, with an app which reads items’ QR codes. IOTA’s DLT will record the garment’s origins, production date, and raw materials, allowing users to authenticate the product and check its sustainability credentials.

“Brands and consumers can know that the information they are being shown about the garment’s creation process is 100% accurate and can be trusted implicitly. This is a watershed moment for improving brand transparency and trust,” said Debbie Shakespeare, senior director of sustainability and compliance at Avery Dennison. Shakespeare added that by adding a blockchain layer, consumers would have “uncompromisable data.” While the companies have run a series of internal pilots, the partnership is one of the first public proofs-of-concept of the platform

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6 ARRESTED IN THE UK AND NETHERLANDS IN €24 MILLION CRYPTOCURRENCY THEFT 8120

Today, the UK’s South West Regional Cyber Crime Unit (SW RCCU) in a joint operation with the Dutch police (Politie), Europol, Eurojust and the UK’s National Crime Agency (NCA) has arrested 6 individuals after a 14-month long investigation into a €24 million cryptocurrency theft.

The five men and one woman were arrested in simultaneous warrants this morning at their homes in Charlcombe, Lower Weston and Staverton (UK) and Amsterdam and Rotterdam (the Netherlands).

The theft, which targeted users’ Bitcoin tokens, is believed to have affected at least 4 000 victims in 12 countries, with the numbers continuing to grow.

The investigation relates to typosquatting, where a well-known online cryptocurrency exchange was ‘spoofed’ – or recreated to imitate the genuine site – to gain access to victims’ Bitcoin wallets, stealing their funds and login details.

This case was referred to the European Cybercrime Centre (EC3) and the Joint Cybercrime Action Taskforce (J-CAT) hosted at Europol after the British authorities identified possible suspects living in the Netherlands. Operational support delivered by EC3 since February 2018 allowed the J-CAT to coordinate the international cooperation between the different EU Member States involved.

In addition, operational meetings were organised at Europol’s headquarters between the British and Dutch authorities, allowing for the smooth exchange of intelligence and evidence which led to these successful arrests. A coordination meeting was also held at Eurojust to prepare for the action day.

The eToroX Libra Implementation 8457

Facebook’s announcement this week about its cryptocurrency Libra has far-reaching potential. eToroX’s Labs Blockchain Science team, comprising Chief Blockchain Scientist Dr. Omri Ross, Peter Emil Jensen, and Johannes Rude Jensen, was quick off the mark to investigate how our eToro tokenized assets (and the technology behind them) would work on Libra’s initial prototype, and how well it suited our specifications.

By exploring Libra’s capabilities, and using Move IR (the intermediary representative layer of what will eventually be the final programming language), they successfully managed to implement an initial version of eToro tokenized assets on the Libra Network.

Using a previous incarnation of an implementation that targeted Ethereum as a basis, the team wrote and executed a basic implementation for creating digital asset infrastructure (tokenization capabilities) on Libra.

Our Top Two Takeaways

1. In Move, resources (data structure types) cannot be moved or copied — an extremely constructive and beneficial capability, especially for digital assets, since it prevents accidental duplication and loss.

2. Contrary to other blockchain languages, Move does not allow publishing data on behalf of other users. Because of this, it requires users to acknowledge this beforehand, thereby giving users full control of which data is associated with them.

Read the full report of eToroX’s Libra Implementation on Github.

Which Coins Will Likely To Be Affected By The Binance Shutdown By The US? 10384

Binance has recently announced that they will no longer allow access of US traders to the exchange, starting September 12, 2019. Although Binance has stated that they will be partnering with Bam Trading to create a US compliant exchange, there is still no time frame on when this will be active – and we can also assume that it will be a minimal function, to begin with for US customers.

In the meantime, we can assume that the volume for the majority of cryptocurrencies that were available to US customers on Binance will now suffer significantly over the next few months as US customers have limited options to trade the cryptocurrencies elsewhere.

The following chart shows which of the coins which are listed on Binance are also listed on other US exchanges. Those include Coinbase, Bittrex, Poloniex, Kraken, HuobiUS, and eToro.

The research is very eye-opening as it shows how the majority of cryptocurrencies will now struggle to find liquidity after the Binance US closure.

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Cryptocurrencies such as AE, HOT, LINK, NANO, ONE, VET, and WTC will have nowhere to trade for US customers. These cryptocurrencies should see a significant drop in volume during the upcoming months as they have nowhere for US customers to trade from, as of writing this. Of the above, Harmony (ONE) was the latest IEO on Binance Launchpad.

Binance Coin (BNB), the native token of Binance, will only be available to trade on eToro. In fact, there are quite a few top-flight coins that will be available to trade on just one US compliant exchange, including ARK, BTT, IOTA, PIVX, and ZIL. These cryptocurrencies are lucky to have one exchange but will still see a significant fall in volume coming from US customers after the Binance anticipated shutdown.

Veteran Altcoins At Less Risk
Although the previously mentioned cryptocurrencies may be in trouble, there is still a handful of cryptocurrencies that will be available on a range of US compliant exchanges that will not be affected by the recent Binance closure. These include cryptocurrencies such as XRP, DASH, XLM, ETC, ZRX, and ZEN – which are all on more than 4 US compliant exchanges.

The bottom line is that the recent Binance closure will send ripples throughout the entire cryptocurrency industry. Binance is the worlds largest cryptocurrency exchange with the highest reported volume. However, a large proportion of this volume is coming from US customers. After the US customers have been restricted, we will most certainly see a substantial drop in the amount of volume coming into the market. What is for sure, is that CZ, the CEO of Binance, is already working on a solution for his US customers.

OKEx Native Token OKB and OKLink Stablecoin USDK Listed on Bitfinex 10321

OKEx, a world-leading cryptocurrency exchange, announced the listing of its native token, OKB, on another leading cryptocurrency exchange, Bitfinex. Bitfinex will also list USDK, which is a stablecoin co-developed by OKLink, a blockchain technology company, and Prime Trust, a registered Trust Company based in Nevada, US (Read more). The nine new trading pairs will officially open on Bitfinex from 10am, June 13, 2019 (UTC), including USDK/USD, BTC/USDK, ETH/USDK, USDT/USDK, EOS/USDK, OKB/USD, OKB/BTC, OKB/ETH and OKB/USDT.

Empowering OKEx’s ecosystem, OKB allows OKEx users to perform various tasks such as setting up an OKEx partner exchange, settling trading fees, and subscribing for new tokens on the token sale platform OK Jumpstart. With multiple use-cases, OKB has been capturing more market share over the months, according to the data revealed on CoinMarketCap.

OKB, the native token of OKEx, is currently operating in the Ethereum Network (ERC20). Later this year, it will be migrated to OKChain, the blockchain which OKEx has been developing. And now, it is at the final testing stage.

“We aim to foster a new economy with blockchain technology. To achieve de-intermedium and financial inclusion, we do not work as an isolated island. We believe the key to prompt the market growth requires teamwork, which is the reason for us joining forces with other leading industry players to spark new chemistry,” said Andy Cheung, Head of Operations of OKEx. “OKB being listed on Bitfinex is just the beginning, it marks the recognition of our native token and platform from our peers, and we will continue to explore further opportunities in all-kinds of collaboration with other industry players. We never rest on cultivating a fair and transparent trading market and welcome partners with similar mindset to work together.”

Crypto.com Lists Binance Launchpad Tokens 10381

Crypto.com, the pioneering payments and cryptocurrency platform, announced today that it has listed 4 Binance Launchpad Tokens to its Wallet & Card App, including Matic Network’s MATIC, Celer Network’s CELR, Fetch.AI’s FET, and Harmony’s ONE.

These 4 tokens join a growing list of 31 cryptocurrencies and stablecoins on the Crypto.com platform, such as bitcoin (BTC), ether (ETH), Litecoin (LTC), XRP, TrueUSD (TUSD), PAXOS (PAX), and its own MCO and CRO Tokens.

Matic Network provides scalable, secure and instant Ethereum transactions using Plasma side chains and a Proof-of-Stake network. It aims to solve the problems faced by the blockchain ecosystem through building a decentralized platform using an adapted version of Plasma framework, which provides for fast and low cost transactions with finality on a mainchain.

Celer Network is an Internet-scale, trust-free, and privacy-preserving platform where users can quickly build, operate, and use highly scalable dApps. It is a networked system running on top of existing and future blockchains. It provides unprecedented performance and flexibility through innovation in off-chain scaling techniques and incentive-aligned cryptoeconomics.

Fetch.AI is a decentralised digital representation of the real world in which autonomous software agents perform useful economic work. They can perform tasks, such as delivering data or providing services, and are rewarded with a digital currency for their efforts — the Fetch.AI Token (FET).

Harmony is a fast and secure blockchain with key innovations in state sharding and peer-to-peer networking. Its sharding uses secure proof-of-stake and decentralized randomness, and its networking achieves optimal cross-shared routing and fast block propagation.

With MATIC, CELR, FET, and ONE added to the Crypto.com Wallet & Card App, users can now purchase these tokens at true cost with no fees – credit card and bank transfer both supported. As Crypto.com also offers the MCO Visa Card, this adds additional utility to the newly listed tokens as users can easily convert cryptocurrencies into fiat currencies and spend at over 40m merchants globally.

About Binance Launchpad
Binance Launchpad is an exclusive token launch platform of Binance that helps transformative blockchain startups raise funds to develop products that wants to drive cryptocurrency adoption. For more information, please visit: launchpad.binance.com.

Coinbase: earn DAI while learning about the stablecoin and how it’s generated 10133

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Starting today, Coinbase customers around the world can start earning DAI by watching lessons and completing quizzes about DAI and its features. DAI is the first stablecoin to be made available through Coinbase Earn. Coinbase strives to be a trusted source where customers can educate themselves about new developments in crypto, and we’re excited to offer people a new opportunity to learn about and earn DAI.

According to the DAI whitepaper, DAI is a decentralized stablecoin running on Ethereum and designed with a goal of maintaining a target value of approximately $1 USD. DAI is backed by collateral on the Maker (MKR) platform. The relevant whitepapers explain that MKR and DAI tokens form a paired set of assets in which MKR provides governance, and DAI is a decentralized, collateral-backed stablecoin.

We expect earning to become an increasingly important function in the crypto ecosystem — alongside buying, staking, voting, and mining — especially when paired with education.

If you want to stay informed about future opportunities, please make sure you have verified your ID and opted into getting the latest updates from Coinbase!

You can also check out the newly-launched Coinbase Earn homepage to keep up to date with the latest Earn opportunities. Click here for our Earn FAQ and terms.