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Trading apps usurp TikTok in popularity

Does that mean trading is more popular than social media now? Two trading apps have risen to the top of Apple's App Store in recent days. Robinhood holds the number one position, with Coinbase in second, at time of publication on Friday. In third: popular social media platform TikTok. YouTube, Instagram and Snapchat hold the fourth, fifth and sixth positions respectively. One possible conclusion? Folks are now more interested in swapping crypto and financial assets than they are in interacting on various social media platforms — a conclusion noted by CNBC in an article on Friday. Robinhood saw significant coverage in January…

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iPhone user blames Apple for $600K Bitcoin theft via fake app

Apple removed the fake Trezor app several times, but it kept appearing on the App Store days later. A scam cryptocurrency app on Apple’s app distribution service App Store has reportedly stolen $600,000 Bitcoin (BTC) from one iOS user. Cryptocurrency holder Phillipe Christodoulou fell victim to a scam app on the App Store, losing nearly all his life savings to a fake crypto wallet application, The Washington Post reports Tuesday. Christodoulou went on the App Store last month to search for a mobile Trezor app to check his Bitcoin balance via phone. Unaware that Trezor does not currently provide an iOS…

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Inside the blockchain developer’s mind: The governance crisis

In order to achieve blockchain mass adoption, three fundamental problems should be solved. Let’s dive into the third one: governance. This is Part 3 of a three-part series in which Andrew Levine outlines the issues facing legacy blockchains and posits solutions to these problems. Read Part 1 on the upgradeability crisis here and Part 2 on the vertical scaling crisis here. Upgradeability, vertical scaling and governance: What all three of these issues have in common is that people are attempting to iterate on top of a flawed architecture. Bitcoin and Ethereum were so transformative that they have totally framed the…

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Inside the blockchain developer’s mind: The vertical scaling crisis

In order to achieve blockchain mass adoption, three fundamental problems should be solved. Let’s dive into the second one: vertical scaling. This is Part 2 of a three-part series in which Andrew Levine outlines the issues facing legacy blockchains and posits solutions to these problems. Read Part 1 on the upgradeability crisis here and Part 3 on the governance crisis as it goes live on Sept. 25. The advent of the internet has revealed that we have a digital self that can amplify our real-world power thanks to the ability to interact with people anywhere on Earth and coordinate actions…

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Huobi crypto exchange launches trading app in Russia

Russian users account for as much as 10% of Huobi’s total spot trading volume. Major cryptocurrency exchange Huobi Global is expanding in Russia by rolling out its native mobile app in the country. Users in Russia can now access Huobi’s spot market and trade major cryptocurrencies like Bitcoin (BTC) through its mobile app, the firm announced on Sept. 23. By introducing the app in Russia, Huobi wants to further expand in one of its most important markets. Russian users account for as much as 10% of Huobi’s total spot trading volume, an exchange representative told Cointelegraph. Ciara Sun, vice president…

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Revolut expands to Japan as its first non-English speaking market

Two big crypto companies enter Japan. Revolut, a major European cryptocurrency-friendly trading application is expanding to another major market. The London-based firm has launched its digital banking app in Japan, as Revolut announced in a Sept. 8 tweet. According to a report by The Nikkei, Japan is the first non-English speaking market for Revolut. Headquartered in London, the company reportedly has 13 million users worldwide, operating in European countries, the United States, Australia and Singapore. As reported, Revolut’s initial roll out in Japan will be limited to “international transfers” and “managing money in 23 currencies.” Registered users will also reportedly…

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Matching skills to the right job: Preparing for a new economy

Over the last few years, employers have become less interested in what degrees people have and more interested in what actual skills they possess. But there’s one challenge with that: it’s hard to know what skills someone truly has. You can look at resumes and at jobs or social media platforms, but that information is […] The post Matching skills to the right job: Preparing for a new economy appeared first on Blockchain Pulse: IBM Blockchain Blog.

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Abra Building Banking Solutions on Stellar Blockchain, CEO Barhydt Says

As part of its work with the Stellar blockchain, Abra plans to provide global banking features. Abra, the company behind the global crypto and fiat wallet and exchange app of the same name, plans to give the world banking services underpinned by Stellar's blockchain — one of the results of the SDF's $5 million investment in Abra earlier in 2020. During the SDF's digital second quarter review meeting on July 15, Abra CEO Bill Barhydt mentioned Abra's focus on upcoming banking-type features the company is building out. In particular, Barhydt noted an "interest-earning capability" expected to hit the market in the…

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