Daily Archives: February 28, 2020

Early in January, One Click Miner 1.0 Beta 6 was released with fixes for all the issues to Beta 5. Users were then advised to try it. And, they can were further requested to report anything wrong on Github in a way facilitating improved final release.

Recently, Vertcoin tweeted about the release of One Click Miner 1.0 RC1 Improved and added more extensive reporting to the output of the GPU detection step so its easier to see what went wrong. If no more bugs are found this code will be recompiled into the v1.0 final release.

Sydney Ifergan, Crypto Expert tweeted: Since Poloniex disabled Vertcoin, the withdrawals have been disabled from February 27, 2020. Further, Vertcoin have requested investors to move $VTC to the wallet of their choice. Vertcoin-Core is the wallet recommended by the parent site.

The Vertcoin is 6 years old and they are beginning to rock the cryptocurrency world already. We just recollect that Vertcoin was created as a graphics card mined version of Bitcoin in Jan 2014 as response to Litecoin succumbing to ASIC control. It is important that everyday people with desktop computers can mine the network so that network hashrate is as decentralized as possible. Something nice about them is that there is no premine, no ICO and No Airdrop.

Vertcoin believes in that cryptocurrencies are supposed to belong to people. When anything less than this happens it is a failure to the goal for which cryptocurrency was treated in the first place. Vertcoin focuses on keeping the cryptocurrency ecosystem as decentralized as possible.

Alex Turek, MTS Systems Debug Engineer at AMD during his spare-time fights for Asic Resistance in the cryptocurrency space as a Dev Team Member at Vertcoin. He has contributed in terms of Own end-to-end validation of ARMv8 SMMUs for Datacenter Products, testplans, multi-core / multi-IO exercisers, execution, and debug / triage, when he was working for Qualcomm.

Bienvenido Rodriguez, Instructor at The Grace Hopper Program at Fullstack is a volunteer developer at Vertcoin. Currently, he is working on creating a mobile and desktop wallet to interface our second layer solution Lit. Lit is our version of the Bitcoin Lightning Network.

Valentin Anghel is in to the process of mining at Vertcoin. It is evident that the user base at Vertcoin is not only diverse, but it is filled with rich technical expertise. People with commitment make it happen and there are lot of them at Vertcoin.

Continue reading here:
VertCoin (VTC) One Click Miner Beginning To Rock the Cryptocurrency World Already - The Cryptocurrency Analytics

Feb 27, 2020 at 12:32 // News

Almost half of the country's retailers forecast that Sweden will completely stop handling physical cash before 2025. The Riksbank is currently piloting a digital currency known as e-krona. Could it be that the reduced fiat currency handling in the nation results in a rampant cryptocurrency market?

The cashless culture could become a breeding ground for the cryptocurrency market in Sweden. Banks and companies and individuals have already begun to prepare for a completely cashless world.

The government, too, is well aware that the cash is vanishing in society and that the trend cannot be reversed. The lack of efficiency of cash has caused the majority of the firm's companies and individuals to switch to digital alternatives. A few thousand individuals have gone so far as implanting microchips into their hands to pay for food and transportation through a gesture.

The reduced use of cash in Sweden represents a positive trend that the government has for many years encouraged. However, it had not been expected that the population would generally move away from cash in favor of more practical alternatives at such a brisk pace.

Several countries in Asia, including China, Japan, Singapore and South Korea, are undergoing a similar transition. The reduced use of cash in Japan and Korea has unsought led to increased love decentralized cryptocurrencies such as Ethereum, Ripple, Litecoin, Bitcoin, Tether, and many others. As cognizance and time enough even embrace cryptocurrencies take hold in Sweden, the country may become a significant digital currency market.

Recently, the central bank of Sweden revealed that it started its first test for its own central bank digital currency (CBDC). It wants people to be using digital money since we are in a digital era. The country is trying to follow the bandwagon of stablecoin. Sweden is part of over 16 great nations which includes Japan, Canada, England, Switzerland, etc. - that are busy developing their private stablecoins known as CBDC.

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Sweden Could be the Next Major Cryptocurrency Market - Coin Idol

Facebooks Libra is again gaining heat as yet another firm has joined the independent consortium of Libra, the Libra Association. Per the latest report, a digital asset company, Tagomi is yet another name in a list of members of Facebooks Libra Association,

With the joining intent in place, Tagomi aims to invest about $10 million for the development of yet to launch Libra stablecoin. Noticeably, Tagomis report of joining the Libra Association comes in the wake of Shopifys inclusion in the Libra Association. Interestingly, Tagomi will be the 22nd member of Facebooks Libra Association.

Following the contribution of $10 million to Facebooks Libra, Tagomi can also be able to have a node that gives it authority to validate the transactions of Libra stablecoin.

While the official announcement from Tagomi is yet to be announced this week, the president of Tagomi Marc Bhargava acknowledged the news and stated that;

Were excited to become a member of@Libra_, sharing a common mission to expand financial inclusion. We believe the Libra project is poised to create a simple, inclusive, and global payment system that will empower billions of people left out of the global economy.

Its worth noting that, Tagomi is a two years old entity that establishes itself as a premier broker in crypto and provides users with trading, margin, custody, lending, financing, and more in a single account. The entity focuses on bridging institutional capital to digital assets and supports their democratization.

By becoming the part of Libra Association, Tagomi will spend at least $10 million in developing a cryptocurrency, and this investment will help gather dividends from interest earned on Libra Reserves money.

Tagomi and Shopifys interest in Libra Association is quite surprising to many as many well-known entities such as Visa, Vodafone, Mastercard, PayPal, and Strip rejected the project due to increasing regulatory concerns.

On the other side, Shopify emphasized the importance of Libra Association and stated that they decided to join the group as to make commerce better for everybody:

Our mission is to make commerce better for everyone and to do that, we spend a lot of our time thinking about how to make commerce better in parts of the world where money and banking could be far better. Thats why we decided to become a member of the Libra Association. This is one step, but not the only step well be taking to be a part of the solution to this global problem.

Moving forward, the Libra Association is aiming to increase the number of members. At the moment, the Association has more than 1,400 companies in its waiting list. To join the Libra Association, a two-thirds majority of existing members have to agree to accept a new member.

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Originally posted here:
Tagomi Becomes the Part of Facebooks Libra Association to Develop a Cryptocurrency - TWJ News

Updated February 26, 2020 11:59:14

Right from the start, something did not seem right about this.

Was it the shed in rural Wales that was supposedly the office of the London Football Exchange (LFE), or the pantomime LFE "founder" Jim Aylward and his obscure video messages about his group's takeover of Perth Glory?

"We are building a football group that is leading to a tokenised ecosystem, so there is going to be utility for the token," he explained on Twitter after the news broke.

It could have been the push by those involved with LFE urging Glory supporters to buy into this cryptocurrency token, even though the group did not yet own the Perth club.

Whatever it was, even Glory owner Tony Sage seemed to be caught unaware.

At first, he said he was on his way to the Europe to finalise a deal to sell 80 per cent of the club to the cryptocurrency group.

He would retain 20 per cent of the Glory and become chairman of the LFE's football group.

That didn't really add up either.

The proposed new owner of the Glory had ambitious goals to buy clubs in France and the English Premier League, but it was unclear how exactly the group would pay for it.

Would it be in cryptocurrency? Would it be cash? Would it be debt?

They were all questions that couldn't be answered probably because there were no answers, as those involved in the proposed sale did not know themselves.

Things turned even more bizarre over the next few days with mixed messages and contradictions adding to the confusion.

The Glory and LFE released a joint statement saying they had reached an agreement for the club to be acquired by LFE.

Sage was quoted in it saying: "The LFE is designed and manned by fans for fans [and it] makes me proud to say I am part of the team and that PGFC is the cornerstone of this wonderful project."

Two days later though, the club released another statement saying no deal he had been done, with Sage saying: "Don't believe fake news. Your club has not been sold and I have not even sent anything to Football Federation Australia (FFA) for approval."

He said he was continuing to do due diligence on the organisation of which he was supposed to be chairman, something that raised even more questions among the club's fans.

The supporters knew something was up.

The subsequent investigative work by some of the club's passionate fans and their backgrounding of journalists helped get to the core of the story.

Less than two weeks after news of the proposed deal came out, it was all off.

The FFA stayed quiet for much of the process, but released a statement saying the sale would not go ahead, putting an end to what had become a saga.

Sage's love for the Glory has been well documented.

His passion is admirable and the amount of money he has poured into the loss-making club is eye-watering.

But this process has damaged the Glory and had many within it questioning its future direction.

For an experienced and astute businessman, Sage should have seen the red flags the supporters so clearly identified from the outset.

Topics:a-league,soccer,sport,perth-6000,wa

First posted February 26, 2020 08:09:33

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A plan to sell Perth Glory to the LFE cryptocurrency firm is over, but the deal never added up - ABC News