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Lumi Wallet with EOS support released

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The MinerGate team is glad to inform you, that our strategic partner – Lumi Wallet – have released the first version of the updated Lumi Wallet App with the support of EOS cryptocurrency. This project become possible thanks to the close cooperation of MinerGate and Lumi Wallet developers teams.

In the first version of the updated wallet, there are some basic key features implemented, including:

  • Keys import – you can easily migrate your existing EOS account to the Lumi Wallet;
  • Send and receive transactions;
  • Transactions history.

Support of the EOS ecosystem within the Lumi Wallet is a bold and important step for the further development of both Lumi Wallet and MinerGate projects. As it was earlier announced, this partnership is aimed at the creation of the smooth EOS-based ecosystem, built around MinerGate’s groundworks in developing high-load infrastructures.

Lumi Wallet from this point of view is about to become a vital part of the upcoming ecosystem, being the main Wallet to operate EOS within it. Such outsourcing of wallet development allowing MinerGate to focus on its substantive expertise – developing and maintaining high-load bulletproof infrastructures.

Try the updated Lumi Wallet with EOS support added – visit lumiwallet.com, download the app and start discovering the EOS ecosystem in a new way.

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Altcoin News

BitTorrent Rises in the Crypto Markets as TRX Holders Continue to Receive BTT

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The first BTT airdrop through the Tron Foundation and BitTorrent Inc. used to be scheduled to distribute 1.1% of the full token provide of 990,000,000,000. This supposed a groovy 10.89 Billion BTT used to be going to be allotted directly to hodlers of TRX. Using the price of the token on the time of the airdrop, there used to be going to be an inflow of roughly 2,400 BTC value of the token within the  crypto markets.

Many buyers had put forth two eventualities for the token’s response within the crypto markets because of the airdrop. Firstly, the fast inflow of BTT from the airdrop would motive huge promoting that may dilute the price of the token. The 2nd situation used to be that crypto change and wallets accountable for the distribution, would take a while processing the entire transactions associated with the airdrop. This would then create a possibility for BTT to thrive within the markets as hobby grew from buyers.

BTT Continues to Thrive

It is the latter situation that performed out. BTT is lately valued at $0.00103 up 40% from its contemporary low of $0.0007329 witnessed at the 10th of this month. In phrases of Satoshi, BTT has risen from 20 Sats to its present price of 29 Sats within the discussed time frame.

BTT/USDT efficiency. Source, Binance.com

Delays Receiving BTT from the Airdrop

As discussed above, the distribution of 10.89 Billion BTT throughout more than one exchanges and wallets has led to a bottleneck situation the place some holders of TRX have now not won their tokens from the airdrop. Justin Sun had previous requested holders of TRX to test their wallets for the airdropped BTT. His phrases have been as follows.

We have achieved the airdrop so please take a look at your pockets&account! Really recognize the improve from #TRON and #BitTorrent group! See you within the airdrop subsequent month! The airdrop for subsequent month will quickly be launched! #TRX $TRX #BTT $BTT

However, because of more than one TRX holders expressing considerations about now not receiving their tokens, Justin has since confident that the BTT airdrop remains to be being processed and the tokens are on their method. This tweet may also be discovered beneath.

What are your ideas at the resurgence of BTT within the crypto markets? Will this momentum be repeated throughout each and every airdrop for the following 6 years? Please proportion your feedback within the segment beneath. 

Disclaimer: This article isn’t supposed to present monetary recommendation. Any further opinion herein is solely the creator’s and does now not constitute the opinion of Ethereum World News or any of its different writers. Please perform your personal analysis prior to making an investment in any of the a large number of cryptocurrencies to be had. Thank you.

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Altcoin News

Binance Chain Testnet to Be Released For Public Testing on the 20th of February

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In a contemporary Ask-Me-Anything livestream session, the CEO of Binance, Changpeng Zhao, up to date the crypto and investor communities on several developments surrounding the change and its tasks. Of specific hobby, used to be his solution in regards to the release of the Binance Chain community.

During the livestream,  he knowledgeable that the Binance Chain testnet will transform to be had within the coming weeks. CZ has since showed this by the use of tweet by means of pointing out the general public checking out of the testnet will transform to be had at the 20th of February. The tweet making the announcement can also be discovered under.

With appreciate to the choice of validators at the Binance Chain, CZ, had this to mention throughout the livestream.

I believe for the testnet at this time we elected to run 11 check nodes. I believe any numbers is okay. The choice of validators in our community will likely be small principally for efficiency causes. So it is going to now not be as large because the Bitcoin community with hundreds of nodes. It goes to be extra like NEO…and even Ripple…smaller choice of nodes and each and every node will likely be somewhat huge.

No Smart Contracts on Binance Chain

Also throughout the Livestream, Changpeng Zhao clarified how the Binance Chain will paintings with out sensible contract capability.

In the Binance Chain, there is not any sensible contracts. We simply have an interface so that you can factor a token then you’ll business it.

Binance Chain is an easy chain relating to utility however it will possibly deal with very huge rather a lot. It is our opinion that the weight is extra necessary than options…

BNB Surpasses All-Time-High Against Bitcoin (BTC)

To now not,e is that the continuing endure marketplace remains to be in complete swing. However, Binance Coin (BNB) not too long ago reached a milestone when it accomplished a brand new All-Time-High when paired with Bitcoin. BNB exhibited a brand new height at 0.0026991 BTC in comparison to its closing All-time-high of 0.002655 BTC from June, 2018.

BNB’s new ATH. Source, Binance.com

What are your ideas at the fresh trends on the Binance change? Will 2019 be a just right yr for BNB and Binance? Please percentage your concepts within the remark phase under. 

[Image courtesy of Unsplash.com]

Disclaimer: This article isn’t intended to present monetary recommendation. Any further opinion herein is only the creator’s and does now not constitute the opinion of Ethereum World News or any of its different writers. Please perform your personal analysis earlier than making an investment in any of the a large number of cryptocurrencies to be had. Thank you.

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Bitcoin News

New Zealand Blockchain Group to Request Government Blockchain Strategy

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New Zealand-based blockchain industry group BlockchainNZ announced that it will request a national blockchain strategy from the government next Thursday, according to a press release on May 21.

The executive director of Blockchain NZ, Mark Pascall, will give a presentation to the New Zealand parliament’s economic development, science and innovation select committee hearing on the potential economic advantages of implementing blockchain tech solutions in the country.

The presentation will reportedly serve as an introductory seminar on blockchain, bitcoin, smart contracts, security tokens, and decentralized autonomous organisations.

Pascall commented that Blockchain NZ wants to have its experts work together with the government to formulate this strategy, and also highlighted the financial scope of blockchain in 2019:

“So, we really want government to take blockchain seriously and produce a strategy. We can help them with that so we strike a balance between trying to plan for an unpredictable future and taking some action so we realize huge potential economic benefits for the country.”

Blockchain NZ is a group of various blockchain-oriented business, organizations and experts, that was formed in 2016. In 2018, the organization voted to become part of the not-for-profit New Zealand Tech Alliance.

Various countries have either implemented or are in the process of implementing or have already implemented national blockchain strategies.

In April 2018, Sheikh Mohammed bin Rashid, Vice President and Prime Minister of the UAE and Ruler of Dubai, launched the ‘UAE Blockchain Strategy 2021.’ In addition to other benefits, the plan will purportedly reduce government expenditures on documentation.

In February, the German government announced it would form such a strategy by mid-2019. Some parliamentarians of the Bundestag stated that the strategy should also include a framework for trading cryptocurrencies.

In March, Australia revealed a national blockchain roadmap and a funding boost to support the technology’s development. The new plan aims to make Australia a national leader in the blockchain industry.

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Bitcoin News

Low Turnout Hinders MakerDAO Vote to Decrease Stablecoin Stability Fee by 2%

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The vote to decrease stability fee for MakerDAO’s Ethereum blockchain-based decentralized stablecoin Dai has failed, according to the voting results published on May 20.

The vote about whether to decrease the fee by 2% to 17.5% per year started yesterday, May 19. MakerDAO is looking to change the yearly stability fee in an attempt to improve the token’s peg to the U.S. dollar after its exchange price has been hovering above $1. The stability fee is a charge levied by Maker participants when DAI is used for loans.

Voters failed to stake the minimum 117,631.90 MKR tokens necessary to vote and as such, the proposal is unfulfilled at press time.  

Per the voting results, over half of vote threshold represents a total of two major token owners with a share of 54,000 MKR tokens. The number overcame other options of the poll, which registered more individual voters, but less in the number of staked tokens overall.

In March, Maker increased the stability fee twice — first to 3.5% and then to 7.5% per year. MakerDao stated then that “incentivizing CDP [collateralized debt position] closures through a Stability Fee increase (thereby reducing outstanding Dai) is strongly viewed as the appropriate action.”

In April, the fee was further raised by another four percent in the fifth such vote this year, bringing it to 11.5%. Subsequent votes brought the rate up to 19.5% at the beginning of May.

Also this month, MakerDAO announced a critical security update to its governance contract. While the announcement claimed that the tokens of users who had staked MKR tokens in the contract were not in danger, it also advised users to move them. Still, no action is required from users who are not in control of one of the nearly 190 addresses who have staked MKR in the current voting contract.

At press time, dai is worth $1.00 according to data from CoinMarketCap.

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Zimbabwe Stock Exchange Eyes Blockchain-Based Products, Needs Regulatory Clarity

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Zimbabwe Stock Exchange (ZSE) chief executive Justin Bgoni says ZSE is interested in adopting blockchain technology if regulatory certainty can be achieved, according to a report by local news daily The Chronicle on May 20

Bgoni, while in favor of blockchain technology, is waiting to apply blockchain technology at ZSE until regulatory certainty issues have been resolved:

“Then there is the money side to blockchain technology. This is a bit difficult, in terms of regulation, we are not yet clear on this and we do not want to do something where regulation is not clear as an exchange. But the technology side is very good.”

Regulatory certainty for the crypto spaces is currently being pursued in several jurisdictions. The newly reintroduced Token Taxonomy Act (TTA) in the United States for example, seeks to provide regulatory certainty for crypto by introducing uniform definitions and reclassifying it.

ZSE is considering blockchain-based services and products in real estate investment trust securities, mineral commodities exchange, and exchange-traded funds, per the report.

As previously reported by Cointelegraph, Zimbabwe is known economically for the collapse of its national fiat currency in 2015. Since then, Zimbabwe has been the focus for numerous blockchain-based currency proposals and activity, from a paper arguing that Zimbabwe is an ideal environment for bitcoin (BTC) firms to a blockchain summer school being opened in the country.

In 2017, however, the Reserve Bank of Zimbabwe (RBZ) — the country’s central bank — announced that bitcoin is illegal. That being said, RBZ Director and Registrar Norman Mataruka commented that the bank had begun investigating the risks of crypto, and that it would need to create a regulatory framework for digital assets before they could potentially legalize cryptocurrencies.

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