Category: Cryptocurrency News

A high-ranking representative of Russia’s notorious Finiko Ponzi scheme has been arrested in Tatarstan. Ilgiz Shakirov, a businessman from Kazan, rose to the rank of vice president of the crypto pyramid which is believed to have defrauded millions of investors in the Russian Federation and surrounding regions. Kazan Police Detain Finiko Vice President Police in […]

The U.S. Securities and Exchange Commission has moved to shut down the latest Moon distribution, claiming the official token of the cryptocurrency subreddit is, in fact, a security. The SEC has threatened Reddit with legal action should the latest distribution go ahead. Frustrated and confused redditors, some of whom had stayed up all night waiting…
Read more

As cryptocurrencies continue to gain more traction towards mass adoption, it is important to revisit the inspiration for the genesis of blockchain technology. Cryptocurrencies offer the promise of a decentralized finance (DeFi) future and an alternative to economic models that continue to limit the way citizens control their money. Ergo’s platform was born out of a desire to create the tools necessary to empower the average citizen and decrease the centralized power of money. Ergo — What is it? It could be said that Ergo combines a few of the best aspects of Bitcoin (BTC) and Ethereum (ETH). Ergo is a blockchain protocol built on the UTXO model but it also allows for smart contract functionality. Ergo is able to achieve this through its native language, ErgoScript, and its application of novel Σ-protocols (a type of zero-knowledge proofs). Ergo also employs the use of Non-Interactive Proofs of Proof Work (NIPoPow) in order to create applications that enable light clients and side chains. It is designed as a platform for financial transactions with the ability to develop stateless clients and side chains. In addition, Ergo has an extremely experienced team of developers and researchers. The two Co-founders, Alexander Chepurnoy and Dmitry Meshkov bring significant digital asset knowledge and have been involved in many major projects, including IOHK, the driving force behind Cardano (ADA). Ergo Current Market Status and Exchange Listing Ergo’s native token ERG has been climbing since the beginning of this year, rising over 2000%. Currently, ERG holds 130th position on CoinMarketCap. ERG’s price is trading at $15.95 with a 24-hour trading volume of $5,955,804, at the time of press. ERG Price Chart (Source: CoinMarketCap) ERG is listed on top crypto exchanges such as Kucoin, Bitcoin.com, Changelly and Changelly Pro. In addition to these listings, ERG is also available on Biki, Waves DEX. Hotbit, Gate.io, TradeOgre, TIDEX, Probit, swop.fi, Coinex, Vite, and Consbit. ERGOHACK II In June, Ergo organized a hackathon where developer teams could propose new tools and dApps for the Ergo Ecosystem. For example, a non-custodial, pseudo-ETF platform for users to pool their assets in an investment portfolio on top of the Ergo blockchain was proposed. This event was a big success with many of the projects being developed for implementation on Ergo. Because of this success, the Ergo team is announcing another hackathon, ERGOHACK II. This event is scheduled for October 8-10, 2021 and will focus on the idea of social transformation. The deadline for ERGOHACK II registration is September 15, 2021, and interested participants can apply here. ERGOHACK II invites teams of 2-5 people each to develop projects for mass adoption of blockchain technology as it relates to social transformation. The proposed projects will get a chance to be implemented in the Ergo ecosystem and all projects will be up for consideration for several prizes. The prize money is worth 9K SigUSD with the chance that someone will be offered a job interview to join Ergo. Bottom Line The Ergo ecosystem had a fair launch from the very beginning of its inception. It did not hold any ICO and there were no premined coins for the founders. The priority has and continues to be a decentralized and fair platform for financial transactions.  

Companies such as Uniswap often have v1, V2, and newer versions of their platform, but how do they update it once it’s stored on the blockchain? How do they move all assets from one to the next? submitted by /u/LifelessMC [link] [comments]

submitted by /u/frank__costello [link] [comments]

I know that the recent dip was a bit scary but looks like we are back on track and it's looking pretty good, market has recovered pretty quickly. We've seen some SEC FUD etc. but it looks like it didn't affect us as much. Looks like the community is maturing fast and is less susceptible…
Read more

Algorand has moved up to number 17 in the Coin Market Cap list of top cryptocurrencies by market capitalisation. This recent climb may be down to the impending introduction of governance from October the 1st. What does everyone think about Algorand? and will it continue it's climb up the charts? I'm very bullish on algo…
Read more

Things are looking up for Bitcoin and altcoins on Thursday, but the chance of a breakdown remains, one analyst warns.

Fidelity’s Jurrien Timmer believes that the significance of El Salvador’s Bitcoin move is “a little bit overplayed.”