TronWeekly

Crypto World News

You are here: Home / Archives for Industry / Technology

Technology

Here’s Why SecuX Should Be Your Next Crypto Wallet

by

The increase in the demand for cryptocurrencies has also elevated the number of platforms in
the industry. With an array of products available in the market, those interested in using them
are always left confused, as to which product to choose. However, choosing a hardware wallet
just got easier with SecuX’s latest range of wallets.

SecuX entered the crypto market in 2018 and has been delivering a wide range of wallets. With
a vision of keeping up and offering answers to the emerging blockchain technology, SecuX has
been giving its competitors like Ledger and Trezor a run for their money.

Getting started with SecuX wallets: Pros

SecuX currently offers three varieties of hardware wallets including V20, W20, and W10.

●Support for multiple assets

These wallets support over 1000 cryptocurrencies with the inclusion of ERC-20 tokens. Users
will be able to find support for prominent cryptocurrencies like BTC, ETH, XRP, BNB, XLM, and
several others.

●Vault-grade protection

SecuX W20 Hardware Wallet Portfolio

Security is the most important aspect with regard to crypto wallets. SecuX offers an Infineon
SLE solid Flash CC EAL5+ Secure Element chip [SE] that aids in securing the PIN as well as
the private key of the users from any potential cyber or physical attack.

●Connectivity

With the V20 and the W20 models, users will be able to connect the device to the
laptop/desktop with a help of a USB and a mobile phone with Bluetooth. Other devices like
Tablets and iPad are also supported by the aforementioned wallets.

●Touch Screen

SecuX W10 Hardware Wallet 1

While there are several wallet providers in the market, SecuX stands out with its large 2.8”
touchscreen. This makes it easier for users to operate on, specifically while making
transactions.

● Compatibility

The W20, as well as V20, are compatible with prominent operating systems like Windows,
Chrome OS, MAC OS, iOS, Android, and Linux. The W10 is, however, not compatible with

Andriod and iOS.

SecuX V20 Hardware Wallet CrossPlatform 1

●Account recoverability

Recovering accounts just got easier as SecuX’s wallets are complaint with BIP32, BIP39 as well
as BIP44.

●Battery Life

With a 600mAh battery, the wallets last up to 7 hours with every charge. While Ledger offers
only 100mAh on its Nano X. An offline balance check is also found in these wallets.

Cons

●Size

When compared to the wallets offered by Ledger, which are USB sized, the dimensions of
SecuX wallets are bigger and easier to use.

●Number of coins supported

1000 Crypto Coins Tokens Support

While Ledger offers support for over 1100 crypto assets, Trezor supports more than 1090 coins.
SecuX, however, supports only 1000+ coins.

Setting up your wallet

SecuX wallets can be found on Amazon as well as Webshop. The V20 Flagshop is priced at
$139, W20 Fantasy for $119, and W10 Lite at $69 on SecuX Webshop. The SecuX mobile
application can be found on the App Store and Google Play for Andriod users. ​
​
SecuX Hardware Wallet is available for purchase on their website. Those interested in buying
right away can get up to 15% discounts on the purchase.

SecuX V20 and W20 wallets – 15% off with coupon code “ tronweekly ”
SecuX W10 wallet – 10% off with coupon code “ tronweeklyw10 ”

A simple and practical Guide to copy trading on Bityard

by

cRD O6Nw2W443UxFlaDZLAV8Z38j A1AeS13hR MR28Hw9j8uMXCGWc mw1W3Ax2EUtV58m7ir6ObNlRQf5db0X6MC4ykjbEFOloqEYZpcszQf9DhgaI

Copy Trading is the latest innovation on the cryptocurrency market. An entirely unique trading method, that allows users to benefit from the experience of expert traders and make profit from their knowledge.

The copy trading option is designed for beginners who have not learnt how to trade. In the copy trading option, you do not need to be an expert on cryptocurrencies to make profit on them, in fact you do not need to know much about Cryptocurrency trading to make money, all you need do is follow expert traders with an amount of capital and make money off their trades.

The copy Trading option also provides beginners interested in cryptocurrency trading, with an opportunity to learn, as they are able to observe the trades made by experts they follow, and this gives them a chance to analyse successful trades and incorporate the expert’s trading style.

Bityard a fully licensed and regulated exchange is one of the very few elite Cryptocurrency-exchanges that have pioneered the copy trading option and is the best pick for beginners who want to start copy trading.

A Step by step guide to the copy trading process

Registration:

The first step is to register on Bityard this is a very simple process and will not take more than a minute. To register, click here to input your email after which a verification code will be sent to your email.

Next you put a password of your choice, preferably a combination of letters and alphabets and one with good security. You click register and that’s it, your account is ready. Follow this Link to register.

Deposit:

The next step after registration is to fund your account.                                The bityard trading platform supports deposit via different Cryptocurrencies. 

For mobile users, to deposit into your account, look at the bottom right corner of the page, you will see an icon labelled assets

 click on it, then go the top left corner of the page that is opened, you will see an option of account and assets, click on the assets option, this will bring out the asset management page, there you will see a deposit option. 

Click on the deposit option, this opens a page with a list of Cryptocurrencies you can deposit, pick your desired Cryptocurrencies, copy the wallet address. Deposit into the wallet address and you’re set to go

vqcuDyNtT84iKz KezESsfejDKG2ABiqC zqsmCe s2 jBY7zfAUbToiPNmj mBtNZ4BzeJwCCa CjLNBOXM4y2hFj6d2ck1 k9iQ3NoRDiXnm8Zq17qJXVUE8qmGXyimhrQ3dU

Note: The minimum deposit is 15USDT.

For PC users  after you login, at the top of the page you will see an asset option, click on it and it will bring a Dropbox with the deposit option, click on deposit, select a cryptocurrency of your choice, copy the address and deposit into the address.

5pyOQaiHGSxgsIkyMKp1URwAVQJHzVHNDJ3oLNWyr tuL7IzzQf6ZWfX4C1xk2Lmqi3Wn3FsUYmk

Pc web version deposit page

Choosing a Trader:

After you have deposited funds into your account, you can now choose a trader of your choice

Simply click on the Icon for the copy trade option. This opens the page for the list of traders. Each trader has statistics that show a trader’s performance and helps you better understand the trader’s trading style or pattern.

sSB3G6lIr Pe26jXDGe gug6bvotoYXHDRVGad y2PG2uU3Auk59nRXOI5SSahXPCV1ANVd0tLOX 0g4690K6luJPqhhwVpcrw4dtI

Here I will explain what each Stat means and what it signify.

Win/rate 30D : shows the number of positive completed trades in the past 30days, that is the number of trades that end as the trader predicted. A higher win rate signifies that most of the trades, made end successfully.

30D Total trades: Shows the number of trades a trader has made in the last 30 days. A higher number signifies the trader is a frequent trader, a lower number shows the trader trades seldom

P/L ratio 30D: shows the percentage of profit as opposed to loss made by a trader. A positive percentage signifies that a Trader has made profit overall in the last 30 days, a negative percentage signifies that overall in the last 30 days the trader has made loss. 

Profit Rate: shows the percentage profit on the capital. A higher percentage signifies a trader makes a high profit on average.

Accuum followers: The number of people who copy a particular trader. A higher number shows a lot of people are comfortable with the trader and might reflect good trading skills

Profit share: The percentage of the profit the trader takes as his trading fee, when you copy him/her.

After going through the list of traders and finding one whose statistics are favorable to you, the next step you take is following the trader.

Following a Trader:

After choosing a trader and clicking on the follow option, a page showing the trading settings pops up. 

Amount: Allows you to set the amount that is to be used for each trade copied from the master trader. When setting the amount, you consider your general principal/investment and you set an amount that will allow you copy the trader even if he/she opens multiple trades at once.

Note: Maximum copy amount per trade is 400USDT

Daily margin: Allows you set a limit for daily trades. Once the trader makes those amounts of trades in a day, you automatically stop copying for the day

Stop loss ratio: Allows you to set a percentage of loss that is allowable in a trade once a trade reaches that amount it automatically closes. If this is set to unlimited then the trade closes whenever the master trader decides to close the trade.

Note: all trades automatically close at a 90percent loss rate.

After all these have been set, you click copy and start making money.

You can always choose to unfollow/stop copying a trader at anytime you choose.

You can also follow more than one trader, but when following multiple traders, you do so with respect to the amount of capital you have, to ensure a smooth and successful trading process.

Click this Link to register and Copy trade on Bityard.

After Mary Hard Fork, Cardano Is Now A Multi-Asset Blockchain

by

Cardano has tremendous development over the past several months and it shows no signs of slowing down.

Input Output Hong Kong [IOHK], the developer company behind the Cardano blockchain revealed that the long-anticipated Mary protocol update was successfully applied to the mainnet via a managed hard fork combinator event.

A key milestone in its ongoing rollout as revealed by IOHK is that introduces core Goguen features. This involves native token functionality and multi-asset support.

Moreover, the latest update is touted as a crucial “building block” and the foundations for several new use cases for the blockchain.

Cardano’s Mary Update

Mary hard fork is a milestone or the ecosystem primarily because it opens a wide array of possibilities to developers and businesses looking to build on or migrate to the blockchain.

Most importantly, Cardano’s decentralized blockchain has now transformed into a multi-asset blockchain. Following this, the network will now be able to host services and solutions such as decentralized finance [DeFi], non-fungible tokens [NFT], stablecoins, and others, and paves the way for a flourishing decentralized crypto economy

How Does This Impact ADA?

Currently, Ethereum is home to a vast majority of DeFi and DApp platforms. The high transaction fees needs no introduction. As for alternatives, there are handful which have gained prominence.

Hence, Cardano has emerged as yet another promising alternative that with low transaction fees and massively secured smart contracts.

According to a blog post by Emurgo, Cardano was designed to be of low cost, and that will not change with tokens launched on the network.

The Mary hard fork and the Goguen era’s imminent full deployment is expected to onboard more third-party developers to the ecosystem. This, in turn, is likely to increase its overall network effects. And finally, it is this migration to the network that would essentially generate increased self-sustaining demand for its native token, ADA.

Emurgo also revealed,

“ADA will be fully tradable with native tokens from the start, unlocking the power and huge interest worldwide in DeFi applications. In Cardano, transactions between native tokens do not generate high fees, making DeFi applications even more affordable.”

Here’s Why Ethereum’s Github Activity Soared To Levels Unseen Since Feb 2020

by

The second most popular blockchain, Ethereum’s development activity on Github has risen to a 7-months high. This was noted by the crypto analytic platform Santiment, which stated that the network continued to make its case as the “most highly innovative network” in the space, including many ERC-20’s under its umbrella.

Santiment

Digital asset values increased considerably following the market crash of Black Thursday in March. Although Bitcoin, along with its peer altcoins, had a very slow recovery, it was Github’s development activity that remained unfaced by the direction of price movements of the underlying assets.

Meanwhile, the recent news comes as Ethereum’s price, swiftly gaining a major rebounce, was currently flirting with the coveted resistance level of $400.

The most awaited launch of Ethereum 2.0

The launch of Ethereum 2.0 is no more a moving target. The community has been anxiously anticipating one of the most crucial events in the space – the 2.0 launch. And it could finally be launched as early as November.

Initially, the launch was slated for July this year. But the operations were not as smooth as it was earlier presumed. In addition, the subsequent upgrades turned out to be more complex. Hence, the recent news of a potential timeline of the launch could be another boosting factor for the surging development activity on Github.

 

Chasing the DeFi dream

The largest altcoin, Ethereum has witnessed its price surge significantly and behind the scenes, it is the DeFi ecosystem which has been one of the most crucial contributing factors in pushing not just the value of the underlying asset but also the development activity on the projects built on top of the ETH network.

More than 3 million Ether is locked in DeFi protocols. The fact that a vast majority of DeFi is housed on the Ethereum blockchain and the development on the front was perhaps responsible for the spike.

Vitalik Buterin Wary of Upcoming Brain Implants as Neuralink Gets Ready for Friday Demo

by

The modern age has pulled all stops when it comes to technological advancements with cryptocurrencies just forming the tip of the iceberg. However, as technology moves ahead at a rapid pace, some tech evangelists have asked people to be more mindful of the changes.

As we approach the much-awaited demonstration of Elon Musk’s Neauralik, Ethereum co-founder Vitalik Buterin has put forth his own comments and suggestions on the topic. The 26- year old programming prodigy gave his two cents on why genetic modifications to the brain would be a bad idea in the long run. 

Musk and his Neuralink organization are touted to showcase the first workings of the model on Friday with many claiming how it would revolutionize the way we consume content. The Neuralink device works by embedding a device in a person’s body which in turn will act as the controller when any action is required to be taken. This interlink between a device and the human brain was seen as a disturbing attribute by Buterin, who sided more with genetic enhancements.

The Ethereum co-founder’s tweet read:

“Am I the only one who finds genetic enhancement of humans *much more palatable* than brain implants? Genes are hard to target; there’s no ‘gene for obedience to the communist party.’ But mixing brains and centralized digital tech risks eroding our strongest domain of privacy.”

Buterin’sn discussion also veered into how people can be controlled using devices such as the Neuralink. He also made the connection that there were also some flaws with gene therapy, pointing out some genes that are directly connected to obedience. He claimed that people with such genes are just as vulnerable to becoming obedient to cults that “the government hates’.

Some people even enquired if there existed devices that would make people obey the communist party. To this Buterin replied:

“No but I’m sure the brain implants that people will come up with by default could be easily backdoored to surveil people’s moods even about specific topics and so forth.”

The extent of Neuralink’s abilities is not yet confirmed but sources say that the live demo will show its brain machine interface while providing details about the state of human trials. Fans and critics alike will have to wait and watch how Musk plans to unfold his latest masterpiece and if it will bring positive changes to the world of technology.

 

China Initiates Digital RMB Testing to Educate Citizens

by

While the United States has often been at the forefront of technological advances, this has not been the case with regard to the digitalization of its national currency. For the most part, policymakers have failed to see the industry in a promising light that has led to the Western Superpower lagging behind its Eastern counterpart.

As the US and China continued to lock horns, in the digital race, it was the latter that appeared to be way ahead. Its trump card? Digital RMB.

The first mover in the space

China has already begun testing the digital Renminbi [RMB] as well as educating citizens about using it. In addition to running trials of the central bank-issued digital currency, it was also reportedly working towards normalizing it across media.

The country has been working on digital RMB for the last six years. It was the growing popularity of Bitcoin that triggered the development. Expanding the “Blockchain and not Bitcoin” narrative, China is all set to increase convenience, security, and anti-counterfeiting level of retail payment, thus accelerating the development of its digital economy.

However, empowering its country’s economy isn’t the only factor that has bolstered the release of its digital currency. One of the many thoughts that Chinese policymakers have in mind is to increase the influence of RMB.

On the other hand, the US is nowhere near with a Digital Dollar. Even the discussions around it were spurred the call to action because of the coronavirus pandemic and Facebook’s Libra.

President of Chamber of Digital Commerce, Perianne Boring, had earlier stated that if the US does not adopt the ” best technology underpinning the country’s financial system and another country leap-frogs their infrastructure, this could jeopardize US’s standing on the world stage.”

Seeking global dominance

With its CBDC, China is set to become the first country in the world to offer a digital sovereign currency. There are candidates already lined up to roll out the CBDC on a large scale, for example, Didi Chuxing the country’s largest ride-hailing platform, food delivery giant Meituan Dianping to name a few.

On the surface, it looks like China is heading for CBDC utilization for domestic purposes. However, it is no secret that China is not quite satisfied with the US Dollar’s dominance and reach in the global financial system.

Let ‘s look at China’s brief timeline overtaking the US over the last decade. It claimed to have “overtaken” the US as the world’s largest trader of goods in 2014. As stated in the book Renminbi Internationalization, China has reportedly implemented a pilot scheme to expand the use of its national currency for trade settlement with the Southeast Asian nation, which later materialized.

However, the main milestone for RMB was when the IMF added the currency to the Special Drawing Right [SDR] basket, an international reserve in 2016.

World Money and Power Politics

One of the most crucial ways in which China seeks to spread the money and rise up as a strong contender to the US Dollar is through the Belt and Road initiative. According to a paper released by Kiel Institute for the World Economy last year, China reportedly holds more than $5 trillion of debt owed by other developing or low-income nations. This is again just an estimation, nearly half of China’s loans go unreported.

While this may bring in repayment failure concerns by the countries in debt, it is one way for China to “internationalize” RMB.

Speculating on the rise of China’s CBDC along the same line, Lucy Gazamarian, Co-chair of the blockchain committee of the FinTech Association of Hong Kong recently stated,

“If [China] wants its currency to flow more freely outside of its own borders, it has the technological capability to do that. There’s so much trade happening in the Belt and Road [Initiative], 60-plus cities, and there is not a universal currency.”

Gazamarian stated that the USD still needs to be translated and most huge transaction need to flow through the USD and further added,

“So there is a case for the CBDC to become a universal payment instrument in emerging countries as part of the Belt and Road, then [maybe] it could rise up as the world’s reserve currency for emerging countries.”

Bololex Ups Ante as BOLO Token and Airdrop Wheel Continue to Make Waves in Cryptocurrency Market

by

The cryptocurrency industry has come a long way from the days of light trading with the ecosystem brimming with investors and opportunities. In the midst of this constant flux of developments, cryptocurrency organizations have been trying to keep things interesting by providing new features and improvements.

One of the companies enjoying their time in the limelight is Bololex, a popular cryptocurrency trading platform. Bololex operates under the tagline of “Instant and unlimited trading for everyone” with its officials striving to engage the market alongside the latest offerings.

Bololex was launched in May 2020 with the aim of providing a safe and seamless cryptocurrency trading environment. The Russia based exchange has targeted users across the globe but a large concentration of its base resides in the United States and Brazil. Bololex prides itself on the intense security procedures it follows, an aspect that has become increasingly important in the digital asset world. 

Users on Bololex may opt for non – mandatory KYC submissions and carryout their trading requirements. According to the company, non-mandatory KYC submissions make it easy for users to conduct instant transactions. Customers can be assured that their capital is safe and sound, as Bololex follows two-factor authentication protocols and reduces the risk of attack. Bololex is also known for its airdrops, which it conducts in interesting formats.

In August, users on the platform were in for a pleasant surprise when it announced the launch of the Bololex Airdrop Wheel. The feature has its eyes set on gamifying a common feature so that the company can attract new users to its fold. The airdrop wheel works in a very simple way: a registered user spins the wheel on the screen and whatever gift lies on the fallen sector of the wheel goes to the user. Its popularity was complemented by Bololex’s co-founder who said:

“Airdrop wheel is a unique feature,it redefines the concept of free airdrops. It is both fun and engaging experience.”

Bololex’s surge in popularity can also be owed to the BOLO token, which has been making waves in the cryptocurrency industry. The BOLO token is based on the Stellar Lumens blockchain with a total supply of 10 billion tokens. With a focus on the gamified voting system, the BOLO token serves as a utility token on the Bolonex exchange and ecosystem. Reports also suggest that the BOLO token will also play an important role in a proposed Bololex loyalty program. Sources close to the company have said that the token launch as well as the airdrops will act as important stepping stones towards large scale adoption. 

New Monero Mining Malware is Targeting Government Agencies and Education

by

According to a new study conducted by cybersecurity and intelligence firm, Guardicore Labs, a monero mining malware by the name XMRig, has been send to tens of millions of IP addresses. The malware has mainly attacked healthcare centers, the education sector, government agencies, banks, telecommunication firms, and many others.

The malware’s success rate has been abundant so far: the study by Guardicore shows that the monero mining malware has inflicted more than 500 SSH servers, including servers owned by major educational institutions across Europe, the United States, and a railway firm.

Furthermore, the report claims that a botnet triggers the XMRig monero mining malware by the name FritzFrog, which uses a kind of brute-force to attack millions of servers across the world to gain access. Once FritFrog penetrates the servers, it triggers a different procedure called “libexec,” which launches the monero mining malware, XMRig.

Highly effective monero mining malware

Although crypto-jacking incidents are nothing new, the cybersecurity firm reports that FritzFrog is a special type of malware. First of all, the botnet’s network was masked in a P2P system, making it very tough to trace. Guardicore also discovered that the botnet’s P2P execution was coded from the ground up, signaling that it was developed by “highly professional software developers.”

The botnet’s protocol is coded in a language referred to as Golang. The style is extremely volatile and does not leave any tracks on the disk. Furthermore, Golang forms an SSH public key that operates as a rear way that permits access to the infringed computer systems.

Cryptojacking malware targeting learning institutions

Earlier this year, a different crypto-jacking malware was targeting supercomputers owned by significant educational institutions. FritzFrog also seems to be targeting large supercomputers similar to those reported earlier. The cryptojacking malware at the time forced most of the supercomputers used for COVID-19 research to be shut down, obstructing the progress.

Singapore Worksite Trialing BluePass Contact Tracing and Check-in System to Curb COVID-19

by

Worksite in Tampines, Singapore, managed by Surbana Jurong, is testing the application of a new BluePass contact tracking gadget and a check-in system to curb coronavirus spread. According to a report by The Straits Times on July 17, more than 400 workers were issued a BluePass wrist-mounted gadget and used Bluetooth technology to interact with other users in the vicinity every 5-10 minutes.

The new contact tracing and control system gives the managing company, Surbana Jurong, greater awareness and control of the social engagement of coronavirus patients to reduce the spread of the virus within the worksite. Notably, this new step is essential to circumvent another epidemic and shut down the economy.

COVID-19 spread management system

Moreover, the technology and gadget being tested were created by Temasek-backed cryptographic firm D’Crypt.The BluePass contact tracking and check-in system could even potentially enhance the national contact tracing gadget, TraceTogether Token, and the compulsory blockchain-based check-in system dubbed SafeEntry.

According to the Chief Executive Officer of Surbana Jurong, Mr. Wong Heang Fine, data retention and control over contact tracing is very important for firms. Recording the data of people who were close to the coronavirus patient and tracing the areas the victim had taken so that possibly infected personnel could be detached from the rest of the patient. In addition, the affected regions can be closed for fumigation without having a major effect on worksite operations.

BluePass contact tracing and check-in system for effective workforce management

g On the other hand, the company that developed a national contact tracing gadget, GovTech, does not provide companies with access to the data collected due to privacy issues. According to reports, Singapore’s Ministry of Health takes about 24 hours to notify the company of a potentially infected worker. As a safety measure, most companies quarantine the entire facility waiting for further instructions.

Like the TraceTogether Token, the BluePass Gadget uses Bluetooth signal exchanges to log in to nearby users every five to ten minutes. In addition, each BluePass token is connected to a contact number and the last four NRIC, FIN, or passport numbers of the holder are encoded on the gadget.

Disrupt Ride-Sharing Through the Blockchain

by

Decentralized Ride-sharing applications will disrupt both Uber and Lyft. If the two leading on-demand services fail to adapt, there is indeed fear of replacement.

Uber and Lyft are currently not at their best and both decentralized ride-sharing services are plagued with complaints because of their lack of control over users and drivers. Last year, following 6,000 cases of sexual assault in their cars, Uber’s stock fell by 2 percent over the previous two years.

These, in addition to many other criticisms currently faced by Uber and Lyft, are all based on the inconvenience of centralized ride-sharing services. Consequently, they provide some huge potential market penetration for a decentralized ride-sharing service.

Blockchains became the hype of the day with crypto personality and billionaire Mike Novogratz contemplating the idea of a decentralized ride-sharing service. Crypto experts believe there is a massive potential for blockchain ride-sharing applications that will lead the industry to significantly improve.

Centralized, lack of trust, data privacy is a major concern for Ride-Sharing Services

Existing ride-sharing applications need to be fixed in the following areas: Centrality leading to lack of transparency, lack of customer identification, the security of payments, and data piracy. Blockchain in ride-sharing holds the potential to disrupt the industry and provide a means of improvement.

For instance, the processing of large amounts of user data calls for a specific driver and driver verification. The identity of the service provider will remain evident to service clients, and vice versa. This will strengthen transparency and trust.

Storage will be on the blockchain after processing of this data. In addition, the blockchain will protect the ride-sharing database from identity theft. In particular, it granted strong cryptographic keys to the blockchain. Decentralized ride-sharing services will, therefore, reduce the chances of attacks and data manipulation.

The ability of the blockchain to sign digital contracts and make direct payments will be handy in securing ride-sharing payments. These direct payments will not require a gateway for third parties, such as Visa or Mastercard. Therefore, reduce transaction fees and rely on the benefits of cryptocurrency transactions.

Meanwhile, leading industry experts conclude that blockchain will disrupt the space for ride-sharing. Decentralized ride-sharing services will give riders and drivers a great deal of user control.