As of 1st of September, there will be some new changes in the system of connection between WebSocket and the API keys. The quota of a single WebSocket connection will now allow users to have no more than 50 subscriptions to market data channels (tickers, candles, trades, etc). Therefore, Bitfinex developers encourage users to use several WebSocket connections.
Together with Smart Dubai project, The Dubai International Financial Center is launching a new initiative to establish the world’s first “Court of the Blockchain.” The aim of the new alliance is to explore the applications of blockchain technology in verifying cross-border court judgments. This could potentially result in the establishment of a world-first blockchain-based judiciary system allowing decentralized information systems between different courts.
The Chinese mining giant expects to earn $2 to $3 billion in profit for the fiscal year. Today’s figures mark a significant increase since last year when Bitmain said that it brought in $1.2 billion in profit and $2.5 billion in revenue — much less than the $3 to $4 billion originally estimated by analysts. The company also confirmed that they are in the final stages of preparing to hold an initial public offering (IPO) on the Hong Kong Stock Exchange (HKEX).
Starting next season, the Premium Division football team will be world’s first football club to receive the salary in cryptocurrency. Pablo Dana, the team owner has invested in Quantocoin – a platform that provides digital currency for everyday uses. Pablo has also started a sponsorship partnership, one of several instances of football teams and athletes finding the use for cryptocurrencies. Dana believes that cryptocurrency facilitates the means for paying foreign players who struggle to establish bank accounts in Gibraltar, while sidestepping taxes and fees.
LedgerConnect is a financial blockchain “app store” that aims to make it easier for banks to access distributed ledger technology (DLT) solutions from fintech and software providers, and for those vendors in turn to reach bank customers. The service will enable institutions to access DLT-based services in areas such as know-your-customer processes, sanctions screening, collateral management, derivatives post-trade processing and reconciliation and market data.
The Head Economist of Bank of Canada claims that state-backed digital currency (CBDC) may strengthen the flexibility of the state’s monetary policy. CBDC will be beneficial for Canada, as well as for the USA, as its launch will lead to an increase in consumption to 0.64% in Canada and up to 1.6% in the US. Mohammad Daud Hosseini added: “Withdrawal of cash from circulation can promote welfare growth if the motivation for implementing CBDC is to improve the effectiveness of monetary policy”.
Telegram messenger has released a personal identification authorization tool. The tool, dubbed Telegram Passport, reportedly encrypts a user’s personal ID information and let’s users securely share their ID data with third parties. Users’ ID data will currently be stored on the Telegram cloud, but “In the future, all Telegram Passport data will move to a decentralized cloud.”
The company Monex Group, which bought out Japanese cryptocurrency exchange Coincheck this spring, plans to launch a US-based trading platform. The company plans to establish TradeStation Crypto Inc. as a cryptocurrency-focused subsidiary of securities brokerage firm TradeStation, which Monex acquired in 2011. Speaking about Coincheck, Monex CEO Oki Matsumoto said that the platform should begin functioning fully next month.
Following the Chrome Store’s mining extensions ban earlier this year, Google Inc has also updated its policy and all outlawed apps which are used to mine cryptocurrencies will be prohibited henceforth. However, there is an exception – apps which are used in the remote management of cryptocurrency mining will be allowed. Google is not the only engine to ban crypto mining apps, as last month, iPhone maker Apple forbid apps that mine cryptocurrencies on the device though it allowed those that conducted such activities of the tablet or smartphone.
According to the South Korean tech giant, the safest way to transfer cryptocurrency transactions are via smartphones. Head IT consultant claims that other devices, such as tablets are not so secure as they don’t have the Trusted Execution Environment (TEE) in them. Most smartphones use TEE, which is a separate execution environment with its own memory and storage, isolated from the main storage device. Thus, even the operating system cannot interfere with the processes occurring there to change the data.