Huobi Becomes First Major Exchange to Run a Chainlink Node
Huobi has become the first major exchange to run a Chainlink node in an effort to improve data authenticity and integrity. Major cryptocurrency exchange Huobi will integrate their price data with Chainlink’s ecosystem in an effort to improve its own data integrity and provide more accurate price information. While Binance was the first major exchange to provide their data to Chainlink oracles in October 2019, Huobi has gone one step further by running its own node on the system through Huobi Wallet. This allows the exchange to sign its own price data allowing users to confirm that any exchange data coming from the Huobi Node is authentic and direct from the source. The first batch of price pairs will include BTC/ETH, BTC/USDT, ETH/USDT, and LINK/ETH, with more to follow. Huobi appears to be on a mission to improve its credibility following concerns around volume inflation last year. By running a node, the exchange’s reputation will be on the line should any of the data shared through Chainlink prove to be inaccurate.
Binance confirms partnership with Swipe for debit card launch
Crypto exchange behemoth Binance has confirmed a partnership with Swipe for its debit card launch in a now-deleted webpage. Binance has acquired a majority stake in Swipe, which the exchange declined to confirm at the time. Binance's plans for a branded card have been in the works since March. At the time, the exchange said Binance Card "does everything a regular payment card does, plus much more." Binance Card would enable “real time” conversion of cryptocurrency to fiat currency to use at merchants globally. The card will work globally, said Binance, as it works with “numerous networks” worldwide. Cardholders will be able to also withdraw cash at an ATM as long as they are in a region that supports cash withdrawals. It is worth noting that Swipe already offers its own crypto Visa debit card. Binance Card will be issued as a white-label product via Swipe. It remains to be seen whether Binance will list SXP, given that Binance would become a majority shareholder of Swipe.
Only 27% of Circulating Bitcoin has Moved in 2020
According to other data from Glassnode, only 27% of Bitcoin’s circulating supply has been moved in 2020. The rest has remained dormant. New data now shows that Bitcoin’s price action throughout 2020 has been driven by a significantly limited number of market participants, which may explain why the crypto has been ranging between $9,000 and $10,000 for over six weeks. This means that the market is currently being driven by a small percentage of market participants, as likely only a fraction of this 27% is being moved as a result of active trading.
Russia's Blockchain-Based E-Vote System Suffers Node Attack
Russia’s blockchain-based voting system for the constitutional amendments has reportedly been attacked via an election observer’s node. The attack occurred on June 27 around 8 PM CET. Cybersecurity experts were working to restore access to the attacked node. It is not clear if it’s been repaired at this point. E-voting, held from June 25 to June 30 for residents of Moscow and Nizhniy Novgorod, is based on the Exonum blockchain platform developed by Bitfury. Initiated earlier this year, the constitutional amendments will theoretically allow Vladimir Putin to serve two more six-year terms if approved, meaning that he may remain president until 2036.
Uber Angel Investor: ‘99% of Crypto Projects Are Garbage’
Prominent angel investor and internet entrepreneur Jason Calacanis says 99% of altcoin projects are “gabage” run by unqualified individuals, but holds out hope for the 1% with the power to change the world. However, Calacanis stated that the projects with the most potential lacking these undesirable qualities are what perks his interest: “I’m waiting for that 1% to deliver their product so I can talk to their customers.”