Top Blockchain and Crypto News — 11/09/2020
The Associated Press Successfully Logs 2020 Election Votes on the Blockchain
The Associated Press had promised to integrate the nascent blockchain technology into the 2020 general elections. Well, the news medium did follow through, logging the results of the polls on a blockchain platform.
2020 Makes History Again
On Saturday, blockchain encyclopedia service Everipedia confirmed that the recent election results were posted on the blockchain via its platform, the Everipedia OraQle. This would make 46th United States President Joe Biden the first Commander-in-Chief whose win is confirmed on the blockchain.
Sygnum becomes the first-ever bank to roll out Tezos staking
Sygnum has become the first regulated bank to launch Tezos (XTZ) staking. The bank unveiled this news via an official announcement on November 6, noting that this move means that it will see it support secure custody, trading, credit, and staking services for the coin. Reportedly, this development means Sygnum users can now deposit and stake XTZ through a regulated bank, allowing them to participate in the Tezos network while earning staking rewards of up to 5% annually.
According to the announcement, the bank’s clients can exit staking positions at any given time, seeing as there isn’t a minimum withdrawal period. Also, the customers will be in a position to access transaction and independently-confirmed tax reports, which will allegedly be available upon request through e-banking. The bank added that it would conduct due diligence on all Tezos validators (bakers) to help ensure their dependability before the tokens are availed on the Sygnum platform.
Canada’s Tax Agency Wants Coinsquare Crypto Exchange to Fork over User Data
ada’s tax authority has asked a federal judge in the country to order cryptocurrency exchange, Coinsquare to “hand over information and certain documents about all its clients” starting from the year 2013.
Specifically, the National Post reported on Friday that “the Canada Revenue Agency (CRA) wants to know the identity of every client of a major Canadian cryptocurrency trading platform as part of its effort to fight tax fraud and the underground economy.”
A dedicated crypto unit was originally formed by the CRA in the year 2018 for the specific purpose of conducting crypto-related audits.
1.1m XRP stolen in phishing scam on crypto wallet Ledger lookalike
Crypto scams and attacks are on the rise once again as the broader sector breaks out of a nearly three-year-long bear market.
The process is usually as follows: Scammers target sites like YouTube, Twitter, and Google searches to trap unsuspecting users and create either fake advertisements — such as alluring giveaways — or even create a fake website using domains similar to the original — using “0” instead of “o” or a sneaky misspelling.
XRP gone
Such an attack vector last week saw millions of XRP stolen from a fake Ledger site, with the attackers using a fake domain name and successfully swindling funds.
Exclusive interview with Justin “3Lau” Blau on Bitcoin, DeFi, and NFTs
on-fungible tokens (NFTs), which are unique digital assets that cannot be replicated, have been all the rage over recent months. As CryptoSlate has extensively reported, some of these Ethereum-based tokens have been selling for thousands and tens of thousands of dollars as the crypto-rich dish out their savings.
Behind this NFT craze is a group of artists that have connected their work with tokens based largely on Ethereum.
Justin Blau is one such artist that has been big on NFTs, an extension of the decentralized finance that took the crypto industry by storm this past summer. Blau is a prominent DJ and music producer best known as “3LAU.” You likely know him for songs like “Touch” and “How You Love Me.”
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