Skip to Content

Cryptocurrency and Blockchain News Headlines Update on August 29, 2020

Celsius Network announces to increase reward rates on 12 stable coins enabling customers to earn between 11.55% – 15.89% APY, earn up to 35% more on their digital dollars when choosing to earn in the app’s native CEL token or earn rewards in-kind at the listed rate.

Circle and Coinbase have announced USD Coin (USDC) Version 2.0, which allows services that offer USDC support to pay transaction fees. USDC 2.0 update introduces a new set of on-chain multiple-signature contracts, including new consensus mechanisms, which will help to improve the resiliency and growth of Centre and shift off-line human processes into on-chain multiple signature processes, according to centreblog > Centre Consortium Announces Release of USD Coin Version 2.0

AdLedger announces CryptoRTB protocol for digital advertising. MadHive donates open-source cryptographic toolset for OpenRTB leverages the MadNetwork blockchain to identify illegitimate ad supply, create a verifiable chain of custody, and create mechanisms for data access and validation for the digital advertising industry.

Fidelity Investments has filed an application with the US Securities and Exchange Commission (SEC), prepare to launch Bitcoin Index Fund. Read more at News > New SEC Filing Shows Fidelity Preparing to Launch Bitcoin Fund

NASA to use the blockchain solution for the space agency’s drone fleet. Orbit Logic and the Fraunhofer USA Center for Experimental Software Engineering won $124,800 in NASA funding to build Space Communication Reconstruction and Mapping with Blockchain Ledgering (SCRAMBL).

Moonstake, RAMP DEFI, and Ruby Capital join forces for DeFi integration and expansion of the DeFi ecosystem, leverage Moonstake’s technical expertise and support to help develop staking and DeFi services inside of Moonstake’s Staking Platform.

RAMP DEFI helps to unlock $22 billion illiquid capital in staked digital assets in the DeFi economy without losing out on the upside that staking provides. RAMP DEFI develops a cross-chain liquidity on/off ramp that will allow holders of non-ERC-20 staked digital assets to conveniently utilize eUSD (ERC-20 equivalent).

International Monetary Fund (IMF) Releases Cryptocurrency Explanation Video, talks about cryptocurrencies in a positive light and points out some major dangers of using it. However, anonymity risk mentioned in video prompting heated debate on Twitter.

What are cryptocurrencies?

— IMF (@IMFNews) August 23, 2020

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

    Ads Blocker Image Powered by Code Help Pro

    Your Support Matters...

    We run an independent site that is committed to delivering valuable content, but it comes with its challenges. Many of our readers use ad blockers, causing our advertising revenue to decline. Unlike some websites, we have not implemented paywalls to restrict access. Your support can make a significant difference. If you find this website useful and choose to support us, it would greatly secure our future. We appreciate your help. If you are currently using an ad blocker, please consider disabling it for our site. Thank you for your understanding and support.