Casa Announces Node Heartbreaks to Encourage Maintenance of Bitcoin (BTC) Nodes

Casa, an important Bitcoin (BTC) startup, has recently started a new initiative to encourage its users to check the status of their BTC nodes more regularly. The Node Heartbreaks program can be used to see if a node is working properly and, according to the company, it does this in a quick, secure and private way.

The program works like this: Casa sends a brief connection from its main servers to the node and checks whether it is online or not. If it is, the connection will be complete and the so-called heartbeat will be sent back. This new service will only work with Casa nodes, obviously.

The Heartbeat SatsBack Reward program is being launched today as well. The program will work together with Node Heartbreaks. Each time the users check their nodes, they will receive 0.0001 BTC, which is around a dollar. They will be able to do it five times a week.

According to the company, no IP data or router details are collected, so people will be able to remain private even by checking the network.

As long as the nodes are operational, people will still be able to keep receiving the rewards. According to the CEO of Casa, Jeremy Welch, this is important in order to create a more healthy network.

The nodes are needed to validate the network, so they need to be working properly. With constant validation, any problem will be found quickly and the efficiency of the whole process will increase over time.

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Author: Gabriel Machado

Oracle Software Giant Sues Crypto Startup ‘CryptoOracle’ For Trademark Breach

The practice of adding popular brand names to the name of a startup is a method used to attract clients to a business. The blockchain industry has seen this practice several times over with startups adding popular words such as Bitcoin and Blockchain to their names in a bid to lure customers. Some startups even use parts of popular companies’ names for the same purposes.

CryptoOracle has taken to Court

One blockchain startup, CryptoOracle, has been sued by the software giant, Oracle, for cybersquatting and trademark infringement. The lawsuit claims that CryptoOracle LLC used Oracle’s brand name in a bid to ride on the popularity of the software giant. Cybersquatting is the practice of using an internet domain name in bad faith with the intention of profiting from the goodwill built by another brand or trademark.

CryptoOracle was founded by Louis Kerner in 2017. The blockchain startup is a cryptocurrency advisory firm which serves other blockchain startups and entrepreneurs in the industry. The company sells tickets to events they host at which those interested in blockchain businesses can get the information they need and meet with other players in the crypto space.

Oracle is one of the biggest software firms, and it is famously known for the Java software. They also provide a range of services such as database management and cloud services. Oracle hosts many conferences and educational seminars for different software categories and topics.

Before the lawsuit, a cease and desist order had been issued to Kerner and his brand as Oracle sought to settle the matter out of court. CryptoOracle responded with a filled-in trademark application for their brand name. Oracle said that they could not allow the use of their brand name in the defendant’s business.

A request to force CryptoOracle to change its brand name and withdraw the trademark application has been placed before a federal judge. Oracle’s attorney reportedly said that his client might be entitled to the profits CryptoOracle made during the time they’ve been using the name.

Oracle and Blockchain

Oracle has plans to move into the crypto business through its Oracle Blockchain Platform, and this may be another reason behind the lawsuit. If another company with a similar brand name already exists in the crypto space, it might cause confusion among customers because it is easy to mistake one for the other. Such confusion could cost Oracle some business and the software giant is trying to avoid that.

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Author: Ali Raza

Mike Tyson’s New Startup ‘Fight to Fame’ Will Mix Up Entertainment with The Blockchain

Mike Tyson, the famous American boxer star, has recently decided to create a new startup. The platform is set to be an entertainment platform for fighters that will be called Fight to Fame.

This new platform is set to use the blockchain technology to create the conditions that will help aspiring fighters to reach success.

According to Tyson, the platform, which will have Farzam Kamalabadi as CEO, will fulfill one of his goals, which was to be a mentor for new generations of boxers. He affirmed that he’s interested in helping them to find success and real compensation in their careers, so this platform will be his pet project.

Kamalabadi affirmed that the blockchain will be important because it will enable the participants to solve problems that were simply impossible to solve before. This way, fighters can use fan tokens to get money other than the fees that they normally get in the industry.

In this model, the fans can also gain money if the value of the tokens goes up, which can help the fighters and the communities of fans which are created around them.

The new platform is set to be “fully immersive” and use the blockchain to provide a completely new experience. It was also affirmed that the project can be important for the blockchain industry as well. Tyson is a very famous figure, so his endorsement of projects like this one will certainly be important for them to be successful in the future and can drive adoption up.

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Author: Hank Klinger

Free Stock Trading App Robinhood Gets Over $320 Million to Raise Total Valuation at $7.6 Billion

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Free Stock Trading App Robinhood Raises $323M Now Valued at $7.6B

Free stock-trading start-up Robinhood is now valued at $7.6 billion after closing its most recent, late-stage funding round. The Menlo Park, California-based company, which offers commission-free stock and cryptocurrency trading, announced a $323 million Series E round led by DST Global on Monday, Reuters reports.

Ribbit Capital, NEA, Sequoia and Thrive Capital are also notable venture capital firms which also participated in the round.

The company which is now six years old, says the new funding will be used to

“keep pursuing its mission of democratizing finance for all.”

Last year, Robinhood’s $363 million funding round brought its valuation to $5.6 billion. The company which was started in 2013, has added several new features to its platform in the last year to justify the valuation increase, including its own clearing system, Clearing by Robinhood. The business also acquired a media startup to launch Robinhood Snacks, which provides short tidbits of financial news.

The company first shook up the brokerage space in 2013 with commission-free trading. Major incumbents like Charles Schwab and Fidelity have battled for lower fees since. The start-up is stepping even further into traditional finance and earlier this year, submitted an application to the Office of the Comptroller of the Currency, or OCC, for a national bank charter. Robinhood hired the former CEO Wedbush Bank and Merchants Bank of California, Scott Racusin, to oversee the project and eventually be president and CEO of the proposed bank.

According to CoinDesk Robinhood went through an eye-popping growth spurt last year. It jumped from 4 million users in the summer to more than 6 million users by the end of 2018. Founders and co-CEOs, Baiju Bhatt and Vlad Tenev, have repeatedly said Robinhood’s long-term strategy involves public listing.

The Robinhood Crypto app has been available to New York residents since May as the company obtained the BitLicense earlier this year.

Robinhood has raised more than $860 million in venture capital funding to date.

Do you believe Robinhood is worth $7.6 billion? Let us know in the comments section.

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Author: Joseph Kibe

Tiger Trading Network Partners with Winklevoss Brothers-Owned Gemini Exchange

Tiger Trading Network Partners with Winklevoss Brothers-Owned Gemini Exchange

Fintech startup and crypto-asset order execution management platform, Tiger Trading Network, will from today offer trading on the Winklevoss brothers-owned Gemini exchange. Tiger Trading Network, popular as TTN, confirmed the partnership with the American crypto exchange and custodian on Monday.

The exchange’s head of Technical Exchange Services, Drew Candres, spoke about the partnership, saying that Gemini was happy about it. According to him, TTN’s feature-rich, state-of-the-art user interface is the right platform for professional cryptocurrency investors.

“[TTN] has built a feature rich institutional grade user interface geared towards professional traders,” said Drew Candres, head of technical exchange services at Gemini. “Gemini is happy to be integrated as an execution venue on this platform.”

Co-founded by its current CEO, Glenn Rosenberg, Tiger is a New York City-based firm known for its professional order execution services. In the digital assets market, TTN mostly targets institutional traders.

He previously worked at NEX EBS, a firm known for institutions trading, mostly in the Forex and fixed income markets, then as the company’s senior executive. Rosenberg further divulged that TTN is only interested in working with firms of a particular caliber. He said that they are thrilled to have established a partnership with Gemini.

According to him, Gemini’s integration on the platform is a testament to the virtues of quality, trust, and integrity that the exchange stands by, especially in trading cryptocurrencies. He’s, however, confident that the bond already established would quickly boost their quest to be a world-class trading platform.

TTN hasn’t gone live yet, and every operation it’s currently undertaking is in Beta mode. Also, access to services is still free, although it is restricted to a specific number of traders.

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Author: Lillian Peter

Two GNT Co-Founders Resign To Open Golem Foundation; A Non-Profit Research And Development Wing

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Two of the founding executives of the multi-million Golem Factory are leaving the startup to head up a new non-profit R&D effort known as Golem Foundation. The new foundation will pursue riskier yet ambitious research and development initiatives.

In a press release, Golem Factory CEO, Julian Zawistowski, stated that the goal of the foundation is to pursue fresh, innovative and experimental yet riskier opportunities as per the Golem proposition and to enhance the Golem Network Token (GNT).

The statement said that Julian Zawistowski and the immediate former COO in Golem Factory, Andrzej Regulski are set to leave the company leaving the reigns to CTO Piotr Janiuk and lead software engineer Aleksandra Skrzypczak.

Explaining the developments, Zawistowski said that the Golem project has reached a stable phase. In this regard, part of the team can easily diversify and research different business or tokenomics avenues.

Skrzypczak explained the new model in details to CoinDesk:

“After several years working together, we came to the realization that in order to keep the research and development of the Golem Network stable and focused, while not relegating the thirst that any technologist has for constant innovation, spinning off a new entity within Golem’s ecosystem is the best way to boost the efforts.”

The four men started Golem Factory in 2016 and managed to raise about 820,000 ETH or about $240 million as per the current market metrics, to develop a distributed computation platform on based on Ethereum blockchain.

Popularly known as Airbnb for computers, the project is basically an option to the cloud computing platforms where a user is free to buy or let out idle computational resources.

Golem was released on the Ethereum mainnet at the start of 2018 with a product beta launch that was referred to as Brass Golem. Currently, the team is poised to launch its next beta that will be released in the coming fall and will be known as Clay Golem. In addition, the developers are also developing Golem Unlimited that will enable the formation of subnetworks on Golem and will be run by data center-like setups so as to increase the network reach.

Although the team is pursuing the technical roadmap for the Golem community, the newly created Golem Foundation will be operating independently and will have its own goals.

Zawistowski explained the mandate of the new foundation:

“In the beginning, we want to start with thorough research of alternative approaches that contribute to the long-term vision behind Golem and create novel and out-of-the-box solutions useful for Golem and GNT. Exploring these options requires a limited period of time working in a semi-stealth mode.”

More Details To Be Announced Later

Currently the company has not yet announced the details or the areas of focus by the research and development team. However, Skrzypczak was categorical that privacy related tools will be part of the Foundation’s plans. The details will be shared in the near future in order to keep the Golem community updated.

What areas would you like the Golem Foundation to focus on? Let us know in the comments section below.

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Author: Joseph Kibe

Data Privacy Startup Enigma Launches Second Testnet Network for Ethereum Developers

Data Privacy Startup Enigma Launches Second Testnet Network for Ethereum Developers

Enigma, a blockchain-based data privacy startup, has officially launched its second blockchain testnet for Ethereum (ETH) developers. Originally, the code of the new testnet has been around since last week, however, the official full launch only happened today. Now, the developers are able to see the full documentation and the guidelines to use the technology.

Tor Bair, the Head of Growth and Marketing at the company, was also recently interviewed by Coindesk after the launch of the product. He talked about the odd decision to release a second testnet, something that not many companies have done so far in this industry.

According to him, this new testnet will be very important for the developers who are interested in launching something that is called “secret contract”. Secret contracts are one of the most important features of this technology.

The goal of Enigma, which was created by MIT Media Labs, is to create a fully secure environment in which people will be able to process any kind of private or sensitive data with end-to-end encryption, this way, their information will not be shared with anyone else.

With the help of these new secret contracts, people can use encrypted data with off-chain computations that will use this protocol. With the launch of testnet, the developers can finally start to develop on top of this open source tech, so some apps will already be ready when the mainnet is finally deployed. The network, which is called Discovery, will be launched soon.

According to Bair, the company is focused on releasing the testnet now so the developers who are already interested in the program can start building the code when Discovery is finally launched, this way, they will have interesting apps right out of the door.

He also added that, unlike last year’s launch, which had the first testnet, this one is identical to the one that will be publicly launched next year, which is another move that was created in order to help the developers in having a better experience.

What Will Be The Future Of Enigma?

Obviously, the most important step for the company is the actual launch of its own public network, the mainnet. However, the launch that was made today should not be fully ignored, as this was a very important development in order to create the third-party products that will form the backbone of the company.

Enigma was able to gather $45 million USD back in 2017. Originally, the Discovery network was supposed to be originally launched back in September last year, however, some reasons led the developers to postpone the launch.

Bair affirmed that the team wants to make sure that the network is fully stable and that everything is working before the launch. Now, the company is set on launching its genesis nodes, the first nodes that will run the network when it is launched. The idea is that more nodes will be added in a decentralized manner later.

In a fashion that is pretty much like Bitcoin, these nodes will use a proof of work system. They will “mine” tokens and will be rewarded with them later for giving their own computing power to the network.

However, only the first 50 nodes to be whitelisted will be the ones that can be considered genesis nodes. The other ones will have to wait. This, Bair believes, will be important in order to enable only the ones that stand out to continue their work to support the ecosystem.

Some people and companies are already running nodes in exchange for ENG tokens, however, only the best ones will continue. According to Bair, the company is already making an effort in order to launch the mainnet soon and the release may happen in 2019 (or in 2020, in case there are more delays).

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Author: Gabriel M

WSJ Reports SoFi Online Lender Company to Have Multiple Executives Depart

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Three Top Execs To Leave Online Lending Platform SoFi

SoFi, a fintech startup firm in the online lending services industry, has recently seen three of its top executives departing, as reported by the Wall Street Journal.

The company had great plans for the year. SoFi has started a partnership with Coinbase this year, the largest exchange of the U. S. Because of the partnership, the company was set to roll out crypto trading support.

Now, however, three execs left the company. They were Kevin Moss (head of risk), Ashish Jain (top capital markets exec) and Joanne Bradford (marketing chief). They were all working on the company for a long time and they revealed to the CEO Anthony Noto this week that they plan to leave their current job positions at SoFi.

About The Executives Leaving

Bradford worked for both Yahoo and Pinterest before arriving at SoFi, so he was very experienced. He oversaw the marketing of the company while he worked there.

Moss came from Wells Fargo, where he worked as an executive before. He is the one who set up the lending standards of the company, while Jain managed all the interactions between the company and the banks directly.

At the moment, we only know that Lauren Stafford Webb, who worked on Zynga before, and Jennifer Nuckles will take over the role that was originally held by Bradford. The people who will be the successors of the other two were still not announced at the time of this report.

The Future Of SoFi

At the moment, it looks like SoFi is set to continue working as it has always been. The impact of three very important people leaving the company will certainly not be meaningless, but the truth is that it may cause some unforeseen trouble.

Now, we have to look carefully at the company to see whether it will continue its usual plans for moving forward of if these key figures leaving the company will actually end up being a problem for SoFi.

SoFi was able to raise half a billion USD from its funding round last month, though, so it is hard to say that it will be in trouble with all that money around. At the moment, the company is valued at $4.3 billion USD.

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Author: Gabriel M

Gate.io To Release Startup Discount Offer With First Project In Association With Lambda

Gate.io To Release Startup Discount Offer With First Project In Association With Lambda

Gate.io recently announced that they will be introducing their Startup Discount Offer and their first project will be with Lambda. The project with Lambda will be launched

Trading service will be enabled once the project fulfills its fundraising goal. In order to participate in Startup Sale, users will need to be a VIP. Participants will have a higher purchase limit with more GT holdings.

With the mission of promoting the decentralized development of the Internet, Lambda aims to build the storage infrastructure for Internet 3.0.

It is a safe, reliable and infinitely extendable decentralized storage network, whilst using data integrity and security verification as well as the operation of market-oriented storage transactions on the Lambda Chain consensus network, and provides the infinitely extensible data storage capacity for the new generation of value Internet.

Details Of LAmbda Startup Sale

The start time will be on June 3rd, UTC 4:00–6:00. The price and the number of orders of Startup Sale will be set 3 hours prior to the sale, based on the market price of GT/USDT within the 3-hour period. Each order is worth $100 — $200 USD, users can place one or a few orders according to the individual purchase limit.

Below is a chart that shows the purchase limit based on the different amount of GT holdings.

Users need to ensure there is sufficient balance (exceeding the purchase value) in accounts for the purchase after placing the orders. An insufficient balance will result in the cancellation of the purchase order.

They will be able to use each type of currency once only. After UTC 6:00, Gate.io will collect all the qualified orders and distribute the tokens according to the individual purchased orders: total purchased orders ratio. The final result will be announced at UTC 8:00 that day.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

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Author: Sritanshu S