Coinatory

Gottfried Leibbrandt, CEO of the main international payment network of SWIFT, announced his company"s plans to integrate R3"s Corda technology to improve the level of customer service for banks. He stated this at the Paris FINTECH forum, where Ripple CEO, Brad Garlinghouse was also present. SWIFT is a global company that conducts financial transactions between banks using its own technology for exchanging financial messages. The SWIFT system currently employs over 11,000 banks. The company was founded in 1973 and since then has become the leader of international payments, although it should be noted that it almost had no competitors. However, everything changed with the advent of blockchain technology. Actually, the SWIFT ... Read more about " SWIFT publicly “wiped the nose” of Ripple, choosing the R3 blockchain " on coinatory.com

Saudi Arabian Monetary Agency (SAMA) and the UAE Central Bank (UAECB) launched the joint Aber digital currency, designed to serve as a means of payment in cross-border payments between the two countries. We are talking about an experimental stage at which both central banks intend to study the use of the blockchain in issuing common digital currency for cross-border payments, the central bank of Saudi Arabia said in a statement. The two countries decided to launch a joint project, since each has centralized money transfer and internal transaction systems that have proven to be profitable. However, the statement says that certain aspects of the international money transfer system need further development. SAMA and UAECB agreed that ... Read more about " Saudi Arabia and the UAE launched the digital currency Aber " on coinatory.com

According to the draft report of the Central Bank of Iran, which became available to the media, the country"s central bank intends to prohibit the use of cryptocurrency as a means of payment. The document of the central bank, entitled "Obligations and rules of cryptocurrency turnover", says that "any cryptocurrency wallets will be used exclusively for storing and moving cryptocurrencies, whereas the integration of any services with cryptocurrencies is prohibited." If the rules come into force, the central bank will stop using cryptocurrencies as a means of payment. However, according to the document, the central financial department of Iran does not intend to prohibit citizens from storing or moving small amounts of “allowed” cry ... Read more about " Iran may ban Bitcoin as a means of payment " on coinatory.com

The new exclusive report of the analytical company Chainalysis says that only two groups of highly skilled cybercriminals cause theft of more than $ 1 billion in cryptocurrency (60% of all known hacks). The Wall Street Journal writes about this. It is expected that Chainalysis will publicly announce the results of the study later, as there is still a possibility that the analysis is incorrect, and the company is “not 100% sure” in the identification data of these two groups. In its report, the company mentions them as Alpha and Beta. Experts say that Alpha is “a giant, strictly controlled organization, at least partially driven by non-monetary goals,” while Beta is “a small and less organized group that is completely focused on money. ... Read more about " WSJ: Two groups of hackers can stand behind 60% of all known thefts in cryptoindustry " on coinatory.com

As you know, digital currencies and blockchain technology are in great need of a general consensus of their community, since they imply the absence of regulatory of central bodies. Changes in the distributed registry of blockchain networks should be agreed upon by the majority of people in this community. In order to achieve such a consensus blockchains most often use algorithms Proof of Work or Proof of Stake. In general, both algorithms are designed to show that some work has been done to verify a particular transaction, and that it is not fake. Proof of Stake Coins If you choose coins with a more modern PoS protocol, then ideally, you probably want to get the best ones. In this article we will talk about the most ... Read more about " Ten most profitable coins on the PoS protocol in 2019 " on coinatory.com

A group of specialists from the Research and Development Department of the University of Illinois (USA) analyzed the work of cryptocurrencies operating on the Proof-of-Stake (PoS) mechanism (evidence of participation in the blockchain). Scientists have discovered two vulnerabilities. It turned out that a user who is not related to a distributed digital asset registry may interfere with its work. The department published the information in the report. The authors of the study believe that PoS cryptocurrencies need to abandon the use of the UTXO system - unspent transaction outputs. Also, they need to stop using the consensus rule, under which the main chain is the one that is the longest. Otherwise, the security of the cryptocurrency ... Read more about " Proof-of-Stake can lead to cryptocurrency hacking " on coinatory.com

It seems obvious for most of us, but it is worth repeating again and again: current financial system is terrible and cryptocurrencies can grant us with the financial freedom. This is their main point and the main reason for them to exist. This short explanation of our current situation should be shared with as many people as possible. Daily story You work for long four weeks - until your bones start to ache from fatigue. You spend sleepless nights on your projects or tasks so that you are already unwell. For what? In order to get the long-awaited salary. However, the sad truth is that not you, but your bank received your salary. We are always dependent on banks and on the money we earn, although it should be the other way around ... Read more about " The banking system is a fraud! " on coinatory.com

Two months after the massive dismissal of blockchain-startup employees, Steemit changed manager, TechCrunch writes. Now plans to restructure the company are in the hands of Managing Director Elizabeth Powell, who was previously involved in communications and advocacy for Steemit. Ned Scott, former director, will assume the position of executive chairman. Now the company has 12 full-time employees. Powell is a newcomer to Steemit - she joined the company last May. In response to the appointment, some users of the platform expressed concern about its relative inexperience. Others suggested that a change in management would only benefit the company. Steemit is a social platform that uses blockchain technology to award publishers ... Read more about " After the dismissal of 70% of employees, Steemit changed its manager " on coinatory.com