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Algorand’s new accelerator program in Europe to issue grants up to $500K

Algorand taps Europe as the second region for its blockchain accelerator program after Asia. The Algorand Foundation, the governance and research organization behind major blockchain platform Algorand, is launching a new accelerator program in Europe. Known as “Algorand Europe Accelerator,” the new program intends to support European developers and entrepreneurs looking to build applications on the Algorand platform. Announcing the news on Oct. 15, the Algorand Foundation told Cointelegraph that the new program will launch in collaboration with established Algorand’s investors, Eterna Capital and Borderless Capital. As part of the program, Borderless Capital will distribute $15,000 in upfront seed funding…

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Token Projects to Recover $130M from the Kucoin Hack, Devs Condemned for Centralization

The cryptocurrency community has been discussing the Kucoin hack as a great number of ERC20 projects have frozen, paused, or reversed their smart contracts after the hack. Estimates say that at least $129 million ERC20 tokens affected are considered “safe” from the hacker’s clutches. Additionally, evaluations show the breach may be much larger than originally estimated, as one report says the compromise saw $280 million stolen. The Kucoin hack has been the talk of the town in crypto land these days, as the exchange was hacked on September 25, 2020. News.Bitcoin.com reported on the initial losses estimated to be around…

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China’s BSN International integrates support for Tezos network

Global developers can now start building projects on top of Tezos through China’s BSN. China’s government-backed blockchain project, the Blockchain Service Network, has announced the integration of the Tezos blockchain onto its international portal. According to an official announcement on Sept. 24, Tezos has been selected as the “one of the first batch of blockchains” to be integrated into the BSN International — a global platform providing access to public chain services on the BSN. Due to the integration, developers worldwide can now access the Tezos protocol using BSN’s global public city nodes and portals. According to the BSN, there are…

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China’s national blockchain project to support DAML smart contract language

Digital Asset’s DAML will connect diverse blockchains on a national DLT project in China. The Blockchain Services Network (BSN), the largest blockchain infrastructure initiative in China, now has a unified smart contract programming language. Red Date Technology, a major tech company involved in the BSN's development, will add support for DAML — a smart contract language developed by American blockchain startup Digital Asset. Announcing the news on Sept. 14, the companies’ executives said that DAML will now be the “exclusive standard” for developing decentralized applications, or DApps, on top of the BSN. The integration will enable the interoperability of DApps regardless…

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Binance announces $100 million fund for devs to build on Binance Smart Chains 

CEO and founder of leading crypto exchange Binance, Changpeng Zhao (CZ) announced in ‘The World of DeFi’ broadcast that the exchange would offer $100 million worth of seed funding to developers who want to build on its smart contract-based blockchain platform, Binance Smart Chain. The panel discussion said that successful projects would be able to get up to $100,000 in funding, provided they pass security audits, after which the exchange might provide liquidity to their token and possibly list it on the exchange. According to the announcement, the exchange would also take feedback from Binance’s community which would also play…

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Sushi Crashed More Than 50% As Sushiswap Developer Sold His Tokens

Sushi crashed more than 50% recently as the lead developer behind the popular Sushiswap protocol has sold his tokens and therefore the price crashed leaving many investors worried so let’s find out more in the latest altcoin news today. The week was great for Sushiswap’s leading developer but not for the token holders. Chef Nomi, the character behind the project sold all of his tokens and cashed out. The “head chef” sold millions of tokens over the weekend. After what many saw a rug pull, SUSHI crashed more than 50%. The move caused a lot of strong reactions in the…

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Developers Create Plan To Protect Ethereum Classic From More Attacks

Developers create a new plan to protect the EThereum Classic network from further attacks as the network was already hit twice with a 51% attack over the past two weeks. In our Ethereum Classic news today, we will find out more about this plan. The developers create a new plan as they proposed taking immediate action in implementing the long-term changes to the architecture of the network over the next three to six months. The accelerator decided to focus the efforts on improving the security of the network after the recent attacks on the blockchain. The immediate measures proposed by…

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Chrysalis (IOTA 1.5) Phase 1 Set for August 19 Release on IOTA Mainnet

IOTA engineers shared their working ahead of the release of Chrysalis, the mainnet’s intermediate stage before Coordicide is complete, on a developer status update on Thursday. All systems on Track Engineer Jacob Cech noted Chrysalis phase 1 components were implemented in the Hornet node and deployed to the comnet network. On the latter, spam testsRead MoreRead More. The post by Shaurya Malwa appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News

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Japan’s Top HR Firm Is Working on a Blockchain-Based Recruitment App

Your next job might hire you using the Blockchain. Persol Group, one of the largest human resource companies in Japan, has partnered with major Japanese IT and electronics company, NEC Corporation, to build a new blockchain-powered recruiting platform. Persol Group is one of the largest staffing companies in the country, with 32,000 employees and a market cap of $5.7 billion as of 2017.According to the announcement, the two companies have begun working on a Proof-of-Concept to test a direct recruiting service that utilizes blockchain technology to securely manage personal data, prevent falsification of information, and ensure authenticity.This new platform is…

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Grin Price Up Over 11% as Former Developer Tests ASIC Miner

Former core Grin developer Gary Yu mined $118 worth of GRIN cryptocurrency in less than 24 hours with a Grin ASIC mining device. Grin (GRIN), a major privacy-focused cryptocurrency, is apparently no longer resistant to mining with Application-Specific Integrated Circuits — or ASICs — according to a former core developer.Gary Yu, a former core Grin developer, used a Grin ASIC mining device to test out the miner’s performance, according to an Aug. 10 post on Grin’s official forum.Yu purportedly managed to mine three blocks in less than 24 hours, with a block reward totaling at 180 GRIN, or $118 as…

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Blockchain Salaries in China Are Exploding in Value As The Industry Expands

Chinese recruiting platforms revealed a significant rise in wages paid for blockchain-related job roles in the country. The latest figures from Chinese recruiting platforms show that blockchain-related salaries are on the rise across China. This is likely due to high demand for specialists in the sector.According to Chainnews, quoting statistics from Zhaopin, “hundreds” of companies in China have been hiring staff for blockchain-related jobs. Monthly salaries start at $2,865 on average. This figure has skyrocketed from an average of $1,230 last year.Higher salaries are being offered to candidates who have more than three years of experience in the blockchain space.…

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Smart Contract Language DAML Is Now Available on R3’s Corda

R3’s widely-used open source blockchain platform Corda now supports the DAML smart contract language. DAML, a major smart contact language designed for building business-level blockchain applications, has been integrated with R3’s blockchain.Developed by United States’ blockchain startup Digital Asset, DAML, or Digital Asset Modeling Language, is now available on R3 commercial blockchain platform, Corda Enterprise.A cross-platform alternative to Corda’s native programming languageIn order to bring the cross-platform language to the Corda platform, Digital Asset partnered with international tech firm IntellectEU, the firm announced on July 27.Focused on emerging technologies like blockchain, IntellectEU provided commercial integration, enabling a new smart contract…

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China’s Blockchain-based Services Network (BSN) Integrates with First Public Blockchain, Nervos

by Richard Kastelein Nervos is officially integrating with China’s Blockchain-based Services Network (BSN) (Chinese version) and (English version) as the first public blockchain to join a network which so far has only supported permissioned blockchain frameworks like HyperLedger Fabric, Baidu’s XuperChain, and CITA. The integration will go live in August with the launch of BSN’s new International Portal, which will cater to global users and provide them with access to low-cost blockchain solutions. “By bringing together the leading blockchain frameworks into one shared gateway, BSN has the potential to drive blockchain development and adoption at a pace and scale we…

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The challenge of integrating the Lightning Network

Integrating Lightning Network at Bitfinex was a challenging and exciting task for us. We didn’t just enable Lightning Network deposit and withdrawals but we are also utilizing Lightning Network to settle payments for gift card purchases with Bitrefill. We learned a lot during the development process, and we would like to share some high-level learnings with the community. Development environment Setting up a good development environment is important, and our development started on Bitcoin’s Simnet. The main benefit of Simnet is that it gives you great flexibility and speed by letting you mine blocks on demand. This is very useful…

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Explaining the Developers’ Reward

What is the Developers’ Reward? The Developers’ Reward aims to reward those who develop API tools, or trading libraries using Bitfinex APIs.  The Developers’ Reward generates a 5% rebate on every trade made through Bitfinex APIs. How can I take advantage of the Developers’ Reward? Traders and Developers will need to integrate an affiliate code (generated from their Affiliate Dashboard) into their products or services. For each trade that will be executed, the owner of the affiliate code will get a 5% rebate on the trading fees. How much can I earn with the Developers’ Reward? The Developers’ Reward generates…

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