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Cryptocurrency and Blockchain News Headlines Update on August 28, 2020

Crypto International reportedly dismissing 70 employees after Crypto AG stands accused of allowing the United States Central Intelligence Agency and German secret service backdoor access to compromised encryption devices in February. Read more at > Crypto International confirms mass job losses

SBI Holdings Preparing to launch contract-for-difference (CFD) trading service via SBI FX Trade for major cryptocurrencies including Bitcoin (BTC), Ether (ETH), and XRP, starting from August 31, 2020. Read more at SBI Holdings News > 暗号資産CFD取引サービス開始のお知らせ

Polkadot’s (DOT) pseudo-test network or ‘canary chain’, Kusama (KSM) has tripled in price this month, from less than $10 to an all-time high of $35. Partnership with Robonomics to develop ‘Kusama on Mars’ project which capable of relaying data between Mars and Earth.

Yeah, Polkadot is cool but have you seen @kusamanetwork?

The once wholly experimental, unaudited trial network meant to serve as a sandbox for @Polkadot developers is now worth almost $300M.

It gained two-thirds of its value since $DOT started trading.


— Wilson Withiam (@WilsonWithiam) August 27, 2020

Bill Drummond launched BOA on August 25, 2020, a new Ethereum whale’s Uniswap token briefly hit $100K, the actual market cap of the token would remain below $5 million.

Having some website issues, but here’s BOA. A non-rebasing coin that still burns:

— Bill Drummond (@burn_the_state) August 25, 2020

The total value of capital locked in decentralized finance (DeFi) protocols has increased 271% in less than two months to surpass $7 billion for the first time, but only six projects represent more than 90% of the capital locked in the sector. If the current rate of growth continues, DeFi will be worth more than $27 billion by the end of 2020.

If has $500 million less than 36 hours after launch, the industry needs to self-regulate and stop launching these meme farming games.

— 🤖 Leshner (@rleshner) August 18, 2020

Telegram Messenger Inc has voluntarily dropped a lawsuit against Lantah LLC over the “GRAM” trademark but must now repay the defendant’s legal costs. Read more in Bloomberg Law > Telegram Drops Crypto Trademark Case After SEC Settlement

Alex Lim is a certified IT Technical Support Architect with over 15 years of experience in designing, implementing, and troubleshooting complex IT systems and networks. He has worked for leading IT companies, such as Microsoft, IBM, and Cisco, providing technical support and solutions to clients across various industries and sectors. Alex has a bachelor’s degree in computer science from the National University of Singapore and a master’s degree in information security from the Massachusetts Institute of Technology. He is also the author of several best-selling books on IT technical support, such as The IT Technical Support Handbook and Troubleshooting IT Systems and Networks. Alex lives in Bandar, Johore, Malaysia with his wife and two chilrdren. You can reach him at [email protected] or follow him on Website | Twitter | Facebook

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