Editor Picks

Editor Picks

Ethereum Classic Implements Atlantis Update Hard Fork Successfully

Ethereum Classic Atlantis Hard Fork

The team of ETC (Ethereum Classic) has executed the Atlantis update, i.e., a hard fork to improve the functionality and compatibility of Altcoin with ETH (Ethereum).

Yaz Khoury, the ETC director of the Developer Relations, posted news on Twitter on September 12, 2019, that he congratulated Ethereum Classic for the implementation of Atlantis hard fork successfully.  He is happy with the development of the project. The activation by ETH was one of the longest debates to arrive at a consensus with a lot of immutable politics. He learned about the decentralization and a distributed community.

ETC is performing Atlantis hard fork with a recorded estimated time, i.e. between September 12, 2019 and September 13, 2019, at 8,772,000 of block height. ETC labs said that there were a lot of meetings to decide the timing, involvement, and scope. Now, they have decided the timing and direction to release the Atlantis. The hard fork will improve security considering the concerns of the community.

In June, it was announced that it was considered to put the hard fork at the 8.75 million block number by the developers and contributors. It was predicted to be executed on September 15, 2019. During this week, ETC labs will increase the block number to have the projected update. The involved parties will discover and deal with any issues that may happen.

According to the announcement of the hard fork, many industry players are supporting ETC, which also includes Cryptocurrency exchange OKEx. The exchanges revealed on September 10, 2019, that they will handle all the technical issues as well as resume services after the ETC mainnet gets stable. Yesterday, Bitfinex, the trading platform in cryptocurrency announced that they will also support Atlantis.

In 2016, a hacked funding mechanism, DAO caused a rift in the community of cryptocurrencies. According to Culver, the project is separate, but still, they are sharing the same goals. Culver said that he believed in the power of the public blockchain as it will make the community more strong. The CEO and founder of Digital Currency Group, Barry Silbert said in a joke that he was looking forward to getting his Ethereum Classic Atlantis coins.

University of Gibraltar and Huobi University Sign MOU on Blockchain Education and Research

University of Gibraltar and Huobi

Huobi University, pioneered by China’s Huobi Group, recently made headlines with the announcement of its collaboration with the University of Gibraltar in the field of blockchain technology.

Huobi University, a leading institute focusing on decentralized technology and application education, marks its first formal partnership with a Western university, paving the way to curb the differences which exist between Chinese and Western blockchain spaces.

The honorable Minister of Commerce of Gibraltar, Albert Isola MP, officially signed an MoU on behalf of the University of Gibraltar with Jianing Yu, President of Huobi University. The MoU was signed in Beijing, and it laid the stone of a strong partnership between the two premier institutes.

Jianing Yu in an interaction said:

From our perspective, the most exciting potential outgrowth of this lays in creating a gateway to share China’s cutting-edge blockchain practices and theories with the rest of the world and, at the same time, bringing cutting-edge theories and practices from the West and elsewhere to China.

The dignitary of Gibraltar, Albert Isola MP shared his delight on the collaboration through his words which read,

We are very excited at the prospect of future collaborations between Huobi University and the University of Gibraltar, particularly as a means of accelerating the establishment of high quality blockchain-focused educational initiatives.

He further added that

Both parties share an ambition to promote high-level academic research around the burgeoning DLT landscape, and I look forward to seeing this vision take shape.

While speaking about the progression of the partnership program, Yu said that the collaboration would include academic ventures, research projects, and short-term courses that will focus on an array of topics like distributed business framework, investment of digital assets and management, allying blockchain with 5G and IoT network. It also fosters to use blockchain technology in varied industries and applications.

Both the parties, Huobi University and the University of Gibraltar, also opine to come up with English-oriented programs soon, primarily, for entrepreneurs and investors residing in any corner of the world.

About Huobi University and Gibraltar

Huobi University, though, is not a formal educational university, stands tall as a premier institute focused on bringing new advancements in the field of blockchain technology and cryptocurrencies. Domiciled in China, Huobi University has been the brainwork behind hosting of multiple courses in the U.S, Japan, and South Korea. More than 1,000 entrepreneurs, businessmen, and blockchain enthusiasts have benefited from its elite training programs.

Gibraltar came in the limelight when it brought to use the world’s first custom made regulatory code in 2018.

In 2018, the Gibraltar Financial Services Commission issued one of its first Distributed Ledger Technology licenses to Huobi. This allowed it to run a highly regulated fiat-to-crypto and crypto-to-crypto OTC service for big investors and traders.

Huobi recognizes the intrinsic link between the development of blockchain education offerings and mainstream DLT adoption — a sentiment that has fuelled Gibraltar’s ascent as a global blockchain powerhouse,

quoted Isola.

Paxful Brings 20 New Cryptocurrency ATMs to Columbia in Alliance With Coinlogiq

Paxful-along-with-Coinlogiq-Would-Open-20-New-Crypto-ATMs-In-Colombia

Columbia has emerged into one of the major hotspots for the opening of Bitcoin ATMs in South America, with several Bitcoin exchanges having their ATMs in the Columbian cities. On September 5, Paxful, a Bitcoin exchange announced a partnership with crypto ATM company CoinLogiq, which could potentially result in the opening of around 20 new Bitcoin ATMs throughout cities in this Latin American country. Customers will now be able to buy Bitcoin using cash along with credit and online debit transfers, as Paxful’s kiosk feature will now be integrated with CoinLogiq hardware.

Paxful had recently undertaken a survey of approximately 1000 random users of the internet, in Columbia, and it was found that almost 80 percent of Columbian internet users are open to using and investing in cryptocurrencies. Therefore, it hardly comes as a surprise that this Latin American nation is home to roughly 46 Bitcoin ATMs, which is almost thrice the total number of all other terminals located in South America.

CoinLogiq is a blockchain software company based in Medellin, Columbia that offers services, tools, and resources which enable the users to access digital currencies safely and conveniently. Since its inception, the company has been bridging gaps by providing digital currency ATMs, POS systems and a remittance software known as LogicPay. On the other hand, Paxful is a crypto trading platform aiming financial inclusion for the “underbanked” and “unbanked” through peer to peer financing. A customer is provided with a free digital wallet where the Bitcoins can be stored, received, or sent, besides a 24/7 customer care to add on to their already secure escrow service.

A few months back in June, this year, CoinLogiq ATMs (as many as 45) branded with Paxful’s logo has been opened in Peru and Columbia and made accessible to the public. With the Paxful kiosk being integrated into ATM, users will be enabled to buy Bitcoin on Paxful using the variety of payment methods that have been made available.

Dwayne Golden Sr., the CEO of CoinLogiq said,

“I’m now even more convinced that mass adoption will not happen without the influence of the kind of synergy that can now exist as a result of this Paxful/CoinLogiq joint venture. We are both hopeful that our work together will encourage many more such relationships for other global leaders within the crypto community.”

However, the road ahead is not without obstacles as Columbian regulators have shown a hardline stance against cryptocurrencies. Columbia’s central bank “Banco de la Republica” has also ruled that crypto cannot represent legal tender like money, with the “Superintendencia Financier (SF) or financial supervisor having said that financial institutions are not authorized to “manage, broker or invest” in virtual currencies. The high demand for cryptos in Columbia is to a great extent driven by expatriates from countries like Venezuela, which has resulted in mushroom growth of crypto exchanges and ATMs that enable Venezuelans to exchange their hyperinflated currencies and send remittances back home.

The new ATMs would be strategically located in shopping centers and other public places. The users would be able to withdraw from or deposit cryptocurrencies in the machines. Magdiela Rivas, the manager for Latin America on behalf of Paxful said that the partner companies have also been working on starting 25 new cryptocurrency ATMs in neighboring Peru. As Rivas rightly points out that the “alliance between Paxful and CoinLogiq” would, therefore, contribute to cryptocurrencies being “adopted and accepted” in Latin America in general and in Columbia in particular.