Portuguese Football Club SL Benfica Now Accepts Bitcoin & Ethereum in its Online Store

Portuguese Football Club SL Benfica Now Accepts Bitcoin & Ethereum in its Online Store

Portuguese sports club SL Benfica now accepts cryptocurrency for merchandise and tickets. The club’s online store will accept payments in Bitcoin (BTC) or Ethereum (ETH), two of the most famous cryptocurrencies, as announced on the club’s official website. The crypto payment options made available to the public are just another step in the direction of worldwide cryptocurrency adoption. While cryptocurrencies like Bitcoin and Ethereum have received a lot of attention over the last few years,…

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Telegram Open Network to Scale Up Transactions via Sharding Based on Ethereum 2.0 and Polkadot

Telegram Open Network to Scale Up Transactions via Sharding Based on Ethereum 2.0 and Polkadot

Blockchain has been mocked for several shortcomings including price volatility, lack of standard regulation, and inability to process as many transactions as credit cards or debit cards. Well, Telegram’s TON team took it upon themselves to eliminate the last drawback by creating a medium to allow for millions of transactions at the same time. Telegram Open Network’s (TON) dApp developers (of the BUTTON Wallet) revealed last week that they plan on using sharding to scale…

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Ernst & Young to Develop a Blockchain Platform to Track and Authenticate Wine Labels

Ernst & Young to Develop a Blockchain Platform to Track and Authenticate Wine Labels

Ernst & Young, one of the ‘Big Four’ accounting firms, will take a part in creating a blockchain solution for Blockchain Wine Pte. that will help consumers to determine new and vintage wines’ quality, provenance and authenticity, according to a new press release distributed by the company. The blockchain platform will be based on EY’s OpsChain Solution and will enable promotion and sales of new and vintage wines across Asia as well as worldwide. Currently,…

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Ethereum Price Technical Analysis (May 23): Correction to Support Level Is Expected

Ethereum Price Technical Analysis (May 23): Correction to Support Level Is Expected

Ethereum (ETH) is currently trading at around $237. The virtual coin was in an uptrend until it hit the resistance of $271.66; there is a formation of a hanging man pattern at the resistance level. It is a bearish pattern indicating correction. Support level is at $232.66. Looking at the chart, we see a formation of ascending triangle, which is a bullish signal indicating that the overall trend is yet bullish. Dow Theory According to…

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The Ethereum Foundation Allocates $30 Million for Mainnet Development

The Ethereum Foundation Allocates $30 Million for Mainnet Development

The Ethereum Foundation announced its plans to spend $30 million on the development of their network in a 3-fold plan. The announcement came in a blog post titled ‘Ethereum Foundation Spring 2019 Update’ in which the foundation laid out their plans for the coming year. In the announcement, the Ethereum Foundation revealed that out of the $30 million, $19 million would be allocated towards building the “Ethereum of tomorrow” over the course of the next…

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Research: Unpatched Ethereum Clients Expose the Whole Network to 51% Attacks

Research: Unpatched Ethereum Clients Expose the Whole Network to 51% Attacks

Any software that is available for use publicly is also naturally exposed to a heightened risk of getting hacked. Users of public software are always advised to keep their software up to date with the latest security patches and other updates. The weight and intensity of the risk are raised even furthermore when it comes to cryptocurrencies. Unlike normal software, when a cryptocurrency’s blockchain network is hacked into, it’s not the data that’s being stolen…

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New Gemini-Flexa Partnership Will Enable Crypto Payments at Key Retailers

New Gemini-Flexa Partnership Will Enable Crypto Payments at Key Retailers

With joy, Tyler Winklevoss, the CEO and co-founder of the crypto firm Gemini announced a new partnership of the company with Flexa, a cryptocurrency payment network which provides payment solutions to major retailers such as Whole Foods Market, Bed Bath & Beyond and Barnes & Noble, helping them to expedite crypto transactions; and thus, scaling up the crypto space to more retail giants. The ultimate goal of any cryptocurrency is to revolutionize the way we…

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Ethereum Futures Update: CFTC Ready to Give the Green Light

Ethereum Futures Update: CFTC Ready to Give the Green Light

According to a recent report, an insider disclosed that the U.S. Commodity Futures Trading Commission (CFTC) is ready to sign an Ethereum futures contract if it meets the requirements. The anonymous insider suggests that they have read through the suggestions and are willing to consider applications submitted for an Ether futures contract – provided it is in compliance with all the rules laid down by regulators. Signing an Ether futures contract is predicted to bolster…

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New All-Time High for Ethereum Transaction Volume on DApps

New All-Time High for Ethereum Transaction Volume on DApps

Ethereum (ETH) transactions on decentralized applications (DApps) have registered a new high according to a report by Diar. The total number of Ether tokens moved through transactions on decentralized applications in April 2019 surpassed the previous all-time high of December 2018. Although the new record only tops the last one by a small margin, it sets a four-month growth in on-chain volume according to the report. While the transaction volume has seen an increase, the…

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Ethereum (ETH) Price Technical Analysis (May 7): Breakout of the $181 Resistance

Ethereum (ETH) Price Technical Analysis (May 7): Breakout of the $181 Resistance

Ethereum (ETH) is currently trading at around $176. The digital coin is in an uptrend and recently we saw it breaking the resistance level of $181, though it is currently trading below the resistance. Looking at the chart, we can see that the next resistance is at $196, while the earlier support was at $166. Dow Theory According to Dow Theory, ETH is currently situated in the public participation phase; during this phase, negative sentiment…

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