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LAToken Brings Support for Swarm Utility Token (SWM)

Added Support Cryptocurrency exchange, LAToken, has just announced their immediate support for SWM tokens – the native utility token of Swarm Fund. While the Swarm token, SWM, is a utility token, it acts as the fuel, driving Swarm’s STO ecosystem. On the LAToken platform, SWM is tradable vs. a variety of assets, including both BTC and ETH. Token Details The SWM tokens offer various levels of functionality to the Swarm ecosystem. Swarm highlights 5 main areas in which token users can benefit. Masternode Staking Allows for users hosting masternodes to earn rewards, in the form of SWM. This process incentivises growth and security of the ecosystem Issuance Stake A major draw for token issuers to use Swarm, is to take advantage of their FREE tokenization process. In order to utilize this service, SWM is required to be staked by token issuers. Governance No one likes for their voice to go unheard. By holding SWM tokens, participation in votes is granted. Token holders have a say in network decisions, proportionate to their holdings. Settlement Allows for any service provider utilizing Swarm to accept SWM as form of payment. Reward 10 million SWM have been set aside to fund monthly rewards for those that contribute value to the SWM network. It is clear that, despite the ground breaking attributes digital securities afford investors and issuers alike, there is still a role for utility tokens to play in the blockchain industry. The SWM token is a perfect example of this, as it brings increased functionality to the platform of a company tailoring its services towards security tokens. Swarm Swarm is a United States based company that was launched in January of 2018. Company operations are overseen by CEO, Philipp Pieper. The company utilizes blockchain technology to create new forms of investment opportunities, while increasing ease of access to capital for SMEs. LAToken Founded in 2017 by Valentin Preobrazhenskiy, LAToken is a cryptocurrency exchange, supporting secondary trading of digital securities. The name LAToken refers to ‘Liquid Assets Platform’. An attribute often touted during the issuance of digital securities. In Other News Swarm is one of our most covered companies, as they are in a constant state of development, and have seen modest levels of adoption. Below are a few articles we have posted in recent months, detailing these events, along with those of LAToken. REMCO Software to see Security Tokens Listed on LAToken Swarm Announces Collaboration with TRON BlackBox Partners with Swarm Labs to Bring Digital Securities to Asia Swarm to Create Security Tokens for Free Swarm Gains Support for FIAT through Mercury FX The post LAToken Brings Support for Swarm Utility Token (SWM) appeared first on .
Securities.io

Darknet Users Allege Wall Street Market Exit Scammed, Possibly Snatching $30M

During the first week of April, news.Bitcoin.com reported on a large swarm of darknet market (DNM) users flocking from Dream to the Wall Street marketplace. However, the migration hasn’t been as successful as it may have first seemed, with some vendors alleging that Wall Street has pulled an exit scam and ran off with $30 million in crypto held in escrow. Also read: The Darknet’s Largest Marketplace Is Closing – But a Replacement Is on Its Way Wall Street Market Users and Vendors Complain of Payment Issues and Possible Exit Scam Not long ago, the largest DNM on the invisible web, Dream market, decided to shut down operations and transition to a new marketplace. At the time, many users flocked to other markets like Wall Street, Cannazon, and the Majestic Garden. According to user and vendor reports, since the Dream closure a huge number of users have migrated to Wall Street (WS). The WS marketplace has since reportedly amassed millions of dollars in BTC in escrow before people started noticing issues on April 17. One spectator commenting on Deepdotweb.com on April 20 claimed WS stopped paying vendors for finalized orders and all the funds collected were then transferred into a single BTC wallet. “If you do your research you can find this wallet and see that afterward the BTC got split over several other BTC wallets,” the comment notes. “They claim to have some “technical issues” with their BTC servers. They have been saying that they are working on the issue for the last couple of days and that the missing BTC will be returned to the website.” The comment stemming from someone who calls himself a “DNM veteran” further states: In the meantime they are making it look like nothing is going on and they are still running the website and having customers transfer BTC to the website. Deepdotweb.com does show that the marketplace has 97.9% uptime at the moment, but the publication does display a caution notice that says “Warning: Market is exit scamming, do not deposit any funds into Wall Street market.” Further, the website’s comment section for direct links to WS is littered with commentary concerning the possibility that WS admins have exit scammed. Essentially, an ‘exit scam’ is a confidence scheme used by a well-established darknet operation that stops shipping orders but continues to amass funds in escrow. After a good chunk of money has been collected, the DNM admins steal the funds and the site shuts down all of a sudden. On the Reddit forum r/darknet there’s a ton of posts stemming from users and vendors complaining about not being able to obtain funds from Wall Street. The top post on the forum says that “WSM has exit scammed” and some WS admins may be extorting users for more money. Running Away With a Possible $30 Million in Crypto According to the extortion post, WS support allegedly messaged users who did not encrypt their support messages and asked for help in plain text. The post says that users who made this mistake need to pay 0.05 BTC to a specific address or the list of people they caught making the mistake will be sent to Europol and the FBI. Another post on the forum called “WS Exit Scam Confirmed” also details a similar situation where vendors were not getting paid this past week, according to a meeting between “27 well-established DNM vendors.” There are definitely a number of deniers on these posts who declare “post proof or stop with this bullshit” but a good majority of comments uphold the story and warn that people should not place orders on the market. There are others who have spoken with insiders from WS and individuals who work for support who say that the market system was having “technical issues.” One post claims a WS support email details that “services will resume shortly” and they expected to resolve the issue by “Saturday morning on 4/20,” the unofficial cannabis holiday. Conversations on the DNM discussion forum Dread explain that WS market may have scammed people out of a whopping $30 million worth of cryptocurrencies. The issue with WS strikes fears into the hearts of the many DNM users who have experienced exit scams in the past and demonstrates the fundamental problems with centralized DNMs. Since the creation of the Silk Road and its eventual takedown, there’s been a variety of DNM exit scams which have included Evolution, Oasis, East India Company, Olympus, and Sheep marketplace. The current news concerning the WS market issues has DNM users wondering once again if another popular darknet market has bit the dust. Do you think Wall Street market exit scammed? Let us know what you think about this subject in the comments section below. Image credits: Shutterstock, Reddit, r/darknet, Deepdotweb.com, Pixabay, and WS Market logos. Need to calculate your bitcoin holdings? Check our tools section. The post Darknet Users Allege Wall Street Market Exit Scammed, Possibly Snatching $30M appeared first on Bitcoin News.
Bitcoin News

Tether-Tron Trading is Now Active on Tron’s Network

Tether-backed Tron trading is now live and available to users. Tether and Tron Walk Down the Aisle Recently, Live Bitcoin News reported that Tron was looking to push Tether – the USD-backed stable currency – on its network. As of late, the relatively new coin has been backing several stable currencies across its blockchain, suggesting this may simply be the start of a new trend. For further stable coin support, Tron has established relationship with a company called Swarm, which offers the tokenization of assets at no charge. This tokenization then pays out dividends, allowing token providers with appropriate certification and know-your-customer (KYC) tactics in place to issue security tokens on Tron’s growing blockchain. As a result, customers will experience lesser fees and faster transaction speeds. Justin Sun, CEO of Tron, comments: Swarm is one of the preeminent builders of digital investment infrastructure, and its decision to adopt the TRON blockchain will further our push to make decentralized finance the next big thing for the investment community. Stable coins are digital assets that are tied to fiat currencies or investment options that would be considered more “stable,” such as gold or precious metals. Unlike bitcoin and Ethereum, which are prone to price fluctuations and extreme volatility, these tokens offer more steadiness to users who wish to take less risk with their money. They can also be used in smart contracts. Philipp Pieper, co-founder and CEO of Swarm, states: Tron’s dedication to delivering fast, free solutions using decentralized infrastructure make them a natural fit for Swarm’s open tokenization technology. Issuers will be able to offer security tokens on Tron’s blockchain, and will allow investors to use TRX and USDT-TRON to purchase security tokens. This is about meeting people where they are and opening the door for the massive and engaged Tron community to enter this rapidly growing space. The venture between Tether and Tron was first announced in early March. Executives insist the coins are backed by USD reserves and that customers need not worry about potential price swings, as they would with most mainstream forms of crypto. On Twitter, Justin Sun exclaimed: Thrilled to announce that the first $10 USDT has been issued in #TRON #blockchain. This is a huge milestone for stable coin and a new beginning for #USDT. For partner, exchanges and wallets, feel free to support it. Fixing an Image USDT-Tron is allegedly an improved version of the stable coin Tether, which has had its run in with problems in the past. The company, while claiming to possess USD reserves, has failed to back up its claims with professional audits. The statement this time around is that this version of USDT will run on the OMNI platform. Thus, users will be able to convert their existing coins by putting their requests in directly with Tether for extra security, rather than exchanging them on standard trading platforms. The post Tether-Tron Trading is Now Active on Tron’s Network appeared first on Live Bitcoin News.
Live Bitcoin News

TRON’s New Sun Network Highlights the Pivotal Role of Sidechain Technology

Tron (TRX) is again announcing a series of development upgrades to make the Tron network more scalable. The reason for this need for scalability lays in the increased usage of DApps.A DApp is an abbreviation for a decentralized application. For most users, the application will look and feel the same as a normal application you can find in the App Store or Google PlayStore, however, the app is built on top of blockchain infrastructure.This means that the business logic (backend code) is running on all nodes within a decentralized peer-to-peer network. Another variant to this concept is a frontend application which makes calls to a smart contract running on the p2p network. It is even possible to take this one step further and host the frontend code on decentralized storage such as Swarm or IPFS.In the last few months, blockchain infrastructures like Tron, but also EOS and Ethereum saw a growing demand for DApps. According to DApp-statistics website DApp.review, there are currently 2558 active DApps being used by 205,302 users, generating a total volume of more than $32 million in 24 hours. Currently, 99% of this volume is linked to gambling and gaming relatedAccording to Tron, they expect the demand for DApps to grow to many millions of users. In order to not fall into scaling issues, CEO Justin Sun is proactively building solutions to enable this growth.Tagged Sun Network, the CEO detailed they are working on sidechain technology to solve the DApp scaling puzzle. The Sun Network is regarded as a layer 2 solution for Tron blockchain technology targeted at accomplishing 100X scalability.Currently, the Sun Network consists of three stages to reach the expected DAppchain:Tron DAppchain Testnet by May 30 with the main feature being: “Unlimited expansion supporting sidechain smart contracts, and increased security for sidechain assets providing extremely low costs.”DAppchain official launch by August 10 with the main feature being: “Focus on strong decentralization and develop an active ecosystem of DAppchain users and developers.”Optimization phase ends by September 15 allowing for a completed toolset which facilitates easy deployment and rapid integration of sidechains.How does Sidechain Technology work?The term “sidechains” was first described in the paper “Enabling Blockchain Innovations with Pegged Sidechains”, circa 2014 by Adam Back et al. The paper describes “two-way pegged sidechains”, a mechanism whereby proving that you had “locked” some coins that were previously in your possession, you were allowed to move some other coins within a sidechain.Actually, a sidechain can be considered as a blockchain that runs parallel to the main blockchain and is connected via a simple two-way peg. This two-way peg is mostly defined as a special address that acts as a locked account for depositing tokens.A user can decide to lock coins on this address and unlock the corresponding amount on the other chain. This process often makes use of simplified payment verification (SPV) proofs that proof you have locked up tokens in this address. The proof can be accessed by the other chain to verify your lock-up transaction. Actually, the idea behind SPVs is not new as it was already mentioned in the Bitcoin Whitepaper by Satoshi Nakamoto (section 8).In a nutshell, SPV lets you validate your transactions without having to worry about anybody else’s transactions.Benefits of Sidechain Technology?First of all, the good thing about sidechains is that they are independent of the main chain. This means they take care of their own security, but also, if a problem occurs on the main chain, this doesn’t affect the sidechain and vice versa.As a sidechain takes care of its own security, it needs to look for new miners or stakers. In the case of mining, the benefit is that miners can actually perform “merged mining” (or “dual mining”) meaning they can both mine on the main and sidechain at the same time.This is only possible when both chains/currencies use the same algorithm. It’s not such a popular way of mining. In the past, we could find merged mining between Dogecoin and Litecoin (SHA256), or Bitcoin and Namecoin.Merged mining is especially a benefit for the sidechain as it enjoys the larger mining power of the main chain to be exposed to its sidechain.At last, sidechains allow for “optional hard forks”. According to the Sztorc consensus algorithm developed by Augur, this enables sidechains to allow ‘opt-in’ adoption of new features. Users can create their own sidechain and developed their preferred features on top of it while enjoying the same crypto, no need for a hard fork.Other Sidechain ProjectsCosmos — Hubs & ZonesCosmos has an interesting approach to sidechain technology by using hubs and zones. A Hub is a blockchain, and its main function is to act as a router for Zones. It supports routing of messages between Zones for interoperability and keeps a state of invariance for all blockchains connected to the Hub.Whereas a zone is an independent blockchain that is capable of exchanging messages with Hubs. The zone is the core layer which is used by developers to build applications on top. A Zone is only aware of its own state and the status of the directly connected Hub. It doesn't need to know any info outside of its ecosystem as that’s the responsibility of the Hub using inter-blockchain communication (IBC).The interesting part here is that all zones and hubs melt together as one liquid blockchain network, allowing for a lot of interoperability.Other interesting information:Read about IBC Protocol.Cosmos uses Byzantine Fault Tolerance consensus by Tendermint.Develop with Cosmos SDK.Cardano — First Sidechain Interoperability for PoWCardano wants to take sidechains one step further by creating 2-way pegged chains that allow the asset that is being moved to retain its nature.The paper outlines how this can be constructed in the programming language of Solidity. It also mentions that the construction is possible on different blockchains, as long as they follow 2 underlying properties.The first property is that the blockchain has support for NIPoPoWs (Non-Interactive Proofs of Proof-of-Work). This includes proof-of-work cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and Monero.The blockchain being targeted must be able to validate proofs. Therefore, any blockchain supporting smart contracts is sufficient.Image source ResearchGateThe above explanation is only a brief overview of what IOHK’s research paper is about. The paper goes into great detail on the construction and implementation of sidechains via IOHK’s method. It is 20 pages long and filled with complex explanations, diagrams, and sophisticated algorithms.More information:NIPoPoWs website with much deeper explanations.Explainer video by IOHK about Cardano and sidechains.https://medium.com/media/3c851dac986ab6dbb2d1aaa91205a8eb/hrefTRON’s New Sun Network Highlights the Pivotal Role of Sidechain Technology was originally published in Hacker Noon on Medium, where people are continuing the conversation by highlighting and responding to this story.
Hackernoon

EOS governing document gets revamp as block producers settle referendum gridlock

After months of debates and negotiations, 21 of the EOS network’s 30 block producers voted in favor of the highly anticipated EOS user agreement. This move comes after the referendum got stuck in a voting gridlock following its proposal in March 2019. The newly approved document will now act as the governing document and replace the EOS interim constitution. The new document asserts that block producers will retain a prominent role in network governance. Controversy regarding the EOS constitution had emerged 10 months ago, following the launch of EOS mainnet. According to reports, many enthusiasts and prominent proponents of the EOS ecosystem had criticized the DPoS or the delegated proof of stake mechanism. As the network utilized the mechanism, they were of the opinion that it contradicted the very essence of decentralization. Further, the extreme importance commanded by block producers was also criticized heavily. This ideological debate led to the EOSIO Core Arbitration Forum receiving a swarm of cases from users over a huge number of issues. The forum, which acted as an arbitration forum, was not designed to deal with such a large number of cases and soon, deemed the interim constitution unworkable. However, the community faced another hurdle when the turnout rate of EOS holders in the EOS user agreement fell below the 15 percent threshold. This effectively meant that the onus of the decision was on block producers, who now had the authority to make a decision by themselves. As no conclusion was on the horizon, 21 block producers decided to put an end to the conflict and effected changes in the agreement. While the update has quite a few new additions welcomed by users, it also proposed the monopoly of block producers. This highlighted the fact that block producers could make decisions and implement them, without much opposition. However, it also opened new avenues for block producers who can now prove that their decisions are well researched, or otherwise. One of the first issues they will have to deal with is the large number of blocklist cases on ECAF. If this issue is resolved soon, many users expect block producers to take the top spot, instead of making the network a “democracy”. Following the update, EOS pumped and corrected itself to $5.48, at press time. The sixth largest coin held a market cap of $4.97 billion, with a 24-hour trading volume of $2.32 billion. The post EOS governing document gets revamp as block producers settle referendum gridlock appeared first on AMBCrypto.
AMBCrypto

Swarm Introduces Security Tokens to the TRON blockchain

A blockchain technology-based company – Swarm, which provides customers with a no-fee opportunity to tokenize their assets which will, in turn, pay dividends, will now allow providers of assets with KYC (Know Your Customer) measures and proper licensing to enable the issuance of security tokens on the TRON blockchain. This was announced on April 10th […]
Bitcoin Exchange Guide

Asset Providers Can Now Issue Security Tokens on Tron Blockchain

Coinspeaker Asset Providers Can Now Issue Security Tokens on Tron BlockchainTron is actively growing. And the rates of its growth and expansion are rather impressive. If last year it made headlines thanks to being listed by different crypto exchanges, now the foundation is working on establishing new strategic partnerships and attracting developers to move their DApps from other blockchains.New Opportunity for Asset ProvidersAs it has become known now asset providers will get the possibility to issue security tokens on the Tron blockchain. Such an option has become possible thanks to Swarm. It is a blockchain technology firm which provides fee-free tokenization of assets that can bring dividends.This information has been provided by the Tron Foundation. Nevertheless, the company warns asset providers that only those of them who have proper licensing and know your customer (KYC) measures can use the newly offered service and issue their security tokens on this blockchain.In general, Swarm is working on designing tools aimed at facilitating the process of unlocking and capturing value across a wide range of various assets. In this very case, the new solution has similar goals.Thanks to the allowed tokenization on TRON, customers will enjoy higher transaction speeds and zero fees.Cooperation with SwarmJustin Sun, the CEO of Tron, believes that Swarm is one of the leading startups that is working in the sphere of development of digital investment solutions. He praised the firm for using all chances to expand opportunities for this industry.He also expressed his hope that this cooperation will help Tron to get one step closer to the decentralization of the global financial system and to making decentralized finance an essential part of the investment world.Speaking about this new partnership, Sun stated: “Swarm is one of the preeminent builders of digital investment infrastructure and its decision to adopt the TRON blockchain will further our push to make decentralized finance the next big thing for the investment community.”Philipp Pieper, co-founder and CEO of Swarm, also commented on their new initiative:“TRON’s dedication to delivering fast, free solutions using decentralized infrastructure make them a natural fit for Swarm’s open tokenization technology.”According to the recently published announcement, Tether is planning to launch USDT-TRON, a stablecoin that is based on Tether technology.“Issuers will be able to offer security tokens on Tron’s blockchain, and will allow investors to use TRX and USDT-TRON to purchase security tokens. This is about meeting people where they are, and opening the door for the massive and engaged TRON community to enter this rapidly growing space,” added Pieper.New Heights for TronNevertheless, this partnership is not the only reason to speak about Tron today.As it has been revealed by analytics website DApp.com, Tron has all grounds to be proud of having the fastest growing DApp user base that amounts to over 300,000 users.At the same time, Ethereum is losing its users, it has a 4 percent decrease in the number of DApp users if compare today’s figures with the previous year’s data.* You can find all the information on security tokens in our complete STO guide, and check the latest data on their offerings in Coinspeaker’s STO Calendar.Asset Providers Can Now Issue Security Tokens on Tron Blockchain
Coinspeaker

Swarm Announces Collaboration with TRON

Branching Out Today, the digital securities sector was greeted with news from two big players in the blockchain industry. Swarm and TRON announced a collaboration. This partnership will see Swarm add TRON to their list of supported blockchains for token issuance. Already supporting Ethereum and Stellar, this move was undertaken with the intention of providing token issuers access to a blockchain boasting faster speed and cheaper fees. The idea of low fees aligns with Swarms past moves, as they currently offer free tokenization services for interested parties. Commentary In their press release, the CEOs of both TRON and Swarm took the time to share their thoughts on the development discussed here today. The following is what each had to say on the matter. Philipp Pieper, CEO of Swarm, stated, “TRON’s dedication to delivering fast, free solutions using decentralized infrastructure make them a natural fit for Swarm’s open tokenization technology. Issuers will be able to offer security tokens on Tron’s blockchain, and will allow investors to use TRX and USDT-TRON to purchase security tokens. This is about meeting people where they are, and opening the door for the massive and engaged TRON community to enter this rapidly growing space.” Swarm also took to twitter to announce this collaboration. Today we announce our work with @Tronfoundation to bring security tokens to the #TRON blockchain. Read more about how we got here and what this means for the growth of #STO and $SWM https://t.co/mpeWz6TGeV — Swarm (@Swarm) April 10, 2019 Justin Sun, Founder of TRON, stated, “Swarm is one of the preeminent builders of digital investment infrastructure and its decision to adopt the TRON blockchain will further our push to make decentralized finance the next big thing for the investment community.” On twitter, Justin Sun elaborated on the announcement. Swarm creates tools to make it easy to unlock and capture value across a broad array of assets and opportunities. Tokenization on #TRON will allow for customers to complete transactions faster, with few fees. #TRX $TRX https://t.co/ut93AsI4gd — Justin Sun (@justinsuntron) April 10, 2019 TRON TRON is a versatile blockchain offering, spearheaded by leader, Justin Sun. In the time since launch, TRON has managed to establish itself as, arguably, the greatest competitor to Ethereum. The company has recently made waves, as they have not only acquired BitTorrent, but announced that tether would be releasing a USDT/TRON stablecoin. Swarm Swarm was founded in 2018 by Philipp Pieper and Timo Lehes. Operating out of California, the company has developed a suite of services tailored towards the security token lifecycle – tokenization, sales, issuance, and asset management. As a whole, this grouping of services represents Swarm’s decentralized marketplace. In Other News Over the past year, Swarm has proven to be one of the more successful companies within the digital securities sector. In this time, they have not only hosted successful STOs such as ‘TheArtToken’, but announced various partnerships along the way. Below are a few examples of developments pertaining to Swarm in recent months. Swarm Partners with BlackBox Labs to Bring Digital Securities to Asia Swarm to Create Security Tokens for FREE Mercury FX Brings Support for FIAT to Swarm The post Swarm Announces Collaboration with TRON appeared first on .
Securities.io

Justin Sun to Let Swarm Issue TRX-Based Security Tokens After Promising Tron-Ethereum Collaboration Later in 2019

Tron announces that the Swarm startup will soon enable its customers to issue Tron-based security tokens Tron seems to be expanding at a fast pace. If last year this was mainly getting various exchanges to list TRX, now the expansion is mainly about partnerships with other companies and attracting dapps makers from other blockchains. Also, now more and more companies are showing interest in launching their tokens on the Tron network. Swarm partners with Tron As reported by the Tron blog on Medium, one of the most recent collaborations that Tron is setting up is a partnership with Smarm. The latter is a DLT company that provides a service of issuing tokenized assets paying dividend. Tron says that only asset providers that are thoroughly licensed and that comply with all KYC regulations can use Tron to launch their tokens. Swarm has chosen Tron among other blockchain networks for the high speed of transactions it offers and also a low price on those. Recently, Tron boasted a record of exceeding the amount of daily transactions provided by Ethereum and EOS. Justin Sun, the CEO of Tron, approves of this partnership, giving a positive feedback about Swarm, saying that this firm expands opportunities for digital investments. Sun also reckons that this partnership will enable Tron to take one more step towards decentralizing the global financial system. Bitfinex and Tether go for Tron too As reported earlier by EthereumWorldNews, recently Justin Sun announced in a podcast interview that this year a collaboration between Tron and Ethereum may well take place. He also reminded the community about the upcoming launch of the Tron-based USDT stablecoin that will be conducted in cooperation with Tether and Bitfinex exchange. Now, USDT, even though it is considered the best stablecoin by some experts, it is not the only one circulating in the market. Crypto investors prefer to use stablecoins to decrease the volatility of their assets, since these coins are backed by real assets, most frequently by US dollars. Tron is surpassing Ethereum In its Q1 2019 report, a prominent dapp-related web platform Dapp.com mentions that Ethereum has been losing a lot of dapp users this year. A big part of those are gamers, who are the main audience for decentralized applications that Ethereum is famous for. However, being a pioneer in this field, now it seems to be losing its positions to EOS and Tron. Recently, Justin Sun wrote on Twitter that the amount of dapps built on Tron is growing exponentially. Experts believe that the fact of Ethereum losing its dapp users along with dapp developers may cause ETH price to decrease. The post Justin Sun to Let Swarm Issue TRX-Based Security Tokens After Promising Tron-Ethereum Collaboration Later in 2019 appeared first on Ethereum World News.
Ethereum World News

Swarm Partners With Tron Network to Boost Undervalued Market Cap

A blockchain company committed to building infrastructure to make token creation and issuance easy, Swarm, has gone into partnership with the Tron Network. This partnership will enable the blockchain company to bring its security tokens to Tron’s platform, and allow its customers to complete transactions faster with few fees. According to speculations, Swarm has taken this step to boost its low capitalization, by joining forces with a stronger network like Tron. Swarm is a Blockchain company founded in 2015, by its CEO Philipp Pieper and co-founder Timo Lehes. Its team consists of individuals who have gained experience from technology and community focused startups. This blockchain company offers fee-free tokenization of assets that pay dividends, it will enable asset providers to have the right licensing and KYC measures to issue security token on Tron’s blockchain. According to Tron founder and BitTorrent CEO, Justin Sun, Swarm is one of the biggest builders of digital investment infrastructure, joining Tron Blockchain will support decentralized finance which is the next big thing for the investment community. It will create the right tools that make it easier to capture value across various assets and framework. Swarm has been under the radar for quite some time now, though it has at the same time been creating values for the future of STO infrastructure, partnering with Tron will surely push it far above its $7 million market capitalization. This partnership will likely launch an explosion in global investment. In this new arrangement, issuers are allowed to offer security token on the Tron blockchain, this will enable investors to use TRX and USDT-TRON to purchase security tokens. All users on the Tron community will be able to access this system. The post Swarm Partners With Tron Network to Boost Undervalued Market Cap appeared first on ZyCrypto.
ZyCrypto

FMW Media Welcomes "TOP" BlockChain Solution Companies on "NewToTheStreet"/ "Exploring The Block" Series for Bloomberg TV Broadcasts

NEW YORK, April 10, 2019 (GLOBE NEWSWIRE) -- FMW Media Works Corp. announces televised interviews with BlockQuake, PascalCoin, Apollo and Swarm Foundation, all "TOP" blockchain solution companies.  These Executives' interviews with each company air on Bloomberg Television throughout the month of April 2019. FMW Media Works Corp. announces televised interviews with BlockQuake, PascalCoin, Apollo and Swarm Foundation, all "TOP" blockchain solution companies. These Executives' interviews with each company air on Bloomberg Television throughout the month of April 2019. Formed in early 2018, BlockQuake addresses the need for trust and transparency in the blockchain and cryptocurrency communities with its development of a centralized cryptocurrency trading exchange platform, launching in Q2 2019 Bloomberg Television will air a 4-part series on BlockQuake, interviewing its CEO and Co-founder, Antonio Brasse, providing an in-depth discussion on the fast-moving developments at the Company.  During the afternoon on April 20, 2019, Bloomberg Television will air the first of its four-part series about BlockQuake, exact air time TBD-to be determined. "BlockQuake believes there are many opportunities within the blockchain and distributed ledger technology space, from addressing the speed of transactions, to the validation and verification of data, as well as decentralized data storage to name a few. Our first role in this space as a centralized digital asset exchange is to help ensure the safe storage of digital assets that support these networks via the use of qualified custodians as well as ensure efficient trading or transferring of these assets through the use of battle-tested trading technology," stated Antonio Brasse, CEO and Co-Founder. Also, on Bloomberg Television, April 20, 2019, PascalCoin's corporate executives and founders provide interviews about its cryptocurrency platform. CEO, Heman Shoenfeld, Founder Albert Molina, and COO, John MacPherson each gives a comprehensive overview of PascalCoin growth since inception in 2016. PascalCoin, a next-generation cryptocurrency, extends the blockchain paradigm with never seen before innovations. Its Molina-SafeBox model solves the scaling issue and enables PascalCoin to scale for global adoption for centuries to come on today's mobile devices. Another multi-series broadcast Apollo Project will air its first interview late April 2019 on Bloomberg Television.  Apollo's spokesperson, AJ Morra provides details about Apollo Decentralized Bank Network eventually consisting of 1000s of locations worldwide. Mr. Morra stated, "I feel the first interview recently filmed in NYC will provide the Bloomberg Televised viewers a real ...Full story available on Benzinga.com
Benzinga

Docker Swarm, Kubernetes’s clever little borther

Docker Swarm, Kubernetes’s clever little brotherIs kubernetes suitable for any container based project?There is no doubt that kubernetes is one of the most talked about technologies in the domain of cloud and containers. Kubernetes provides a complete solution to managing containers, but there are cases where it is not the best solution.The main disadvantage of kubernetes is its complexity and learning curve. This complexity is due to several reasons:We need to know both the “language” of Docker and the “language” of kubernetes.There are a lot of “moving parts” in the infrastructure (kube-apiserver, etcd, kube-scheduler, kube-controller, kubelet, kube-proxy etc..)There are many types of objects (Service, Pod, Deployment, ReplicaSet)A vast amount of features that we do not necessarily need.In short, projects with tight schedules, or small projects consisting of only a few containers, can’t justify the investment in kubernetes. Should such projects give up on using a container orchestration framework? Of course, the answer is no.In this article, I will first talk about the benefits of orchestrators in general. Then I will demonstrate Docker Swarm, Docker’s native orchestrator.Docker Swarm may not be rich in features like his older brother kubernetes, but it’s so easy to use, that at the end of this article you’ll know how to run and manage your containers in an orchestrator.So why do you need an orchestrator?There are many numerous types of orchestrators which can be seen in the following (slightly dated) lecture.Container Orchestration WarsOrchestrators are container management systems, that usually provide the following advantages:SchedulingAutomatic provisioning of containers to servers with optimal resource utilization.Cloud-agnosticWorks the same way in any cloud or on-premise environmentHigh availabilityRestart faulty containersRolling updatesContainer monitoringAnd more …Docker swarmDocker Swarm is the official Docker orchestrator, and therefore comes built-in with Docker.It also uses the same “language” as docker (same command line syntax / docker compose), so anyone who works with Docker can take advantage of Docker swarm without installing third parties and learning new systems.Docker swarm’s architecture is very easy to understand. While kubernetes has dozens of object types, Swarm has only a handful:Manager — Manages the cluster, can have replicas for redundancy.Worker node — A machine in a cluster that runs containers.Service — A set of containers of the same type.Container — The basic building block is a simple Docker container (not a pod).Running a Docker swarm clusterNow that we know what an orchestrator is and what Docker swarm is about, let’s see how we can set up a Swarm cluster in a few simple steps.1. Some servers should be prepared, (one server can also do), and the following ports should be open: 2377,7946, 4789. The servers can be on any cloud, on several different clouds, or on-premise2. SSH to one of the servers that will be the manager (with an external ip, for example, x.x.x.x) and run:$ docker swarm init — advertise-addr x.x.x.x3. The previous command will generate the swarm manager and return instructions on how to add additional servers to the cluster that the manager will manage. The output will look like this:docker swarm join — token SWMTKN-1–49nj1cmql0jkz5s x.x.x.x:2377Now run the output above in all the other servers. This will attach them to the cluster.4. To see the servers that are participating in the cluster, go back to the manager and run:$ docker node lsID HOSTNAME STATUS AVAILABILITY MANAGER STATUSe32e23r3 worker2 Ready ActiveErg56y7j8 worker1 Ready ActiveT43t54y * manager1 Ready Active Leader5. All that is left is to run a few containers in the cluster using the following command:docker service create — replicas 2 — name helloworld nginxdocker service create — replicas 1 — myredis redis“service” is a set of containers of the same type.6. To see the services running in cluster Run:$ docker service lsID NAME SCALE IMAGE COMMANDf54fg55g5g5g helloworld 2/2 nginxE32e2323r44r myredis 1/1 redis7. A few more useful commands:Change the scale of service$ docker service scale helloworld = 5See all the metadata in the container$ docker service inspect helloworldDelete a group of containers$ docker service rm helloworldIn this script, there is a full example of running a docker swarm cluster on three servers, one in AWS, one in AZURE and one ON-PREMISE.SummaryThat’s all!We saw how we could quickly set up a cloud agnostic docker cluster with an orchestrator.The image below shows an example of Docker swarm using a simple web UI tool that I helped to create back in 2017:Docker swarm visualizerHere are some other tools for monitoring and managing docker swarm.They allow running containers, ssh into them and see logs from a web UI :SwarmpitPortainer Management, Docker User Interface, Container Software - Auckland, Singapore, San Francisco | Emerging Technology PartnersDocker Swarm, Kubernetes’s clever little borther was originally published in Hacker Noon on Medium, where people are continuing the conversation by highlighting and responding to this story.
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Biggest weekly losers: XRP, Litecoin [LTC], Stellar Lumens [XLM] fall by 10%; market tanks after Bitfinex-Tether fiasco

The market saw prices of most major cryptocurrencies soar earlier this week. However, the weekend has led to a new turn of events as coins are now being dragged into bearish territory. Among the top-10 coins, the five cryptocurrencies that saw the biggest fall were Stellar Lumens [XLM], EOS, Cardano [ADA], XRP, and Litecoin [LTC]. The fall in prices was a result of the Bitfinex-Tether fiasco. New York State’s Attorney General’s [NYAG] office revealed that iFinex, the company behind the crypto-exchange Bifinex, may be violating New York Law. This announcement was in relation to activities that “may have defrauded” local investors who trade in cryptocurrencies. Stellar Lumens [XLM] Source: Trading View Stellar Lumens [XLM] was valued at $0.1158 on April 20 and fell by 14.68% over the week. At press time, the coin was valued at $0.0990 with a market cap of $1.88 billion. The 24-hour trading volume was noted to be $276 million, as the coin fell by 4.50% over the past day and continued to dip by 0.43% within the past hour. EOS Source: Trading View EOS, at the beginning of the week was valued at $5.47, after which it fell by 13.97% over the past seven days. At press time, the coin was valued at $4.70, with a market cap of $4.43 billion. The 24-hour trading volume of the coin was $2.62 billion as it fell by 1.91% over the past day. The coin, at press time, was falling by 0.14% and failed to recover. Cardano [ADA] Source: Trading View Cardano [ADA] fell by 13.41% over the week, which resulted in its price falling from $0.0769 to $0.0690. The market cap of the coin was reported to be $1.78 billion and the 24-hour trading volume was $108 million. Over the past 24-hours, the coin fell by 4.47% and continued to fall by 1.35% within the past hour. XRP Source: Trading View At the beginning of the week, XRP was valued at $0.3325, after which it slipped by 11.88% and, at press time, was valued at $0.2929. The market cap of the coin was noted to be $12.30 billion and the trading volume of the coin was $1.36 billion. XRP fell by 2.49% over the past day and by 0.50% over the past hour. Litecoin [LTC]  Source: Trading View Litecoin [LTC] noted a fall of 10.79% over the past week, which reduced the price of LTC from $81.33 to $72.64. The market cap of the coin was $4.46 billion with a 24-hour trading volume of $3.15 billion. The price of the coin fell by 0.77% over the past 24-hours and by 0.94% within an hour. The post Biggest weekly losers: XRP, Litecoin [LTC], Stellar Lumens [XLM] fall by 10%; market tanks after Bitfinex-Tether fiasco appeared first on AMBCrypto.
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Bitfinex: $850M Lost Tether ‘False Assertion’

Following the New York Attorney General’s accusations of a $850M cover-up by Bitfinex, the company has issued its response. Binfinex refutes the claims as ‘riddled with false assertions’ and that the funds are not lost.  The Cover-Up Claims According to the NY Attorney General’s claim, Bitfinex lost $850 million of customer money. This had been sent to, and seized by payment processing firm, Crypto Capital Corp. The allegation goes on to say that Bitfinex used cash reserves from affiliated stablecoin, Tether, to cover the shortfall. The AG, Letitia James, claims this ‘loss of funds’ and movement of reserves was not disclosed by operator of both Bitfinex and Tether, iFinex. Therefore, it had “engaged in a cover-up to hide the apparent loss of $850 million of co-mingled client and corporate funds.” At press time, the price of USD Tether 00 has fallen bellow its $1 peg. Meanwhile, its stablecoin competitors such as USD-Coin 00  and TrueUSD 00 are now trading at a slight premium. This suggests that investors are likely swapping their tethers  to avoid any further surprises. Worth noting, Bitcoinist reported yesterday that the supply of tethers has reachd an all-time high. ‘Bitfinex and Tether are Financially Strong’ Bitfinex responded today by claiming that the AG’s filings: …were written in bad faith and are riddled with false assertions, including as to a purported $850 million “loss” at Crypto Capital. It claimed that these funds were not lost, but had “been, in fact, seized and safeguarded,” and it was actively working to get those funds released. It went on to chastise the AG for not doing more to aid and support its recovery efforts. Both Bitfinex and Tether are financially strong – full stop. And both Bitfinex and Tether are committed to fighting this gross overreach by the New York Attorney General’s office against companies that are good corporate citizens and strong supporters of law enforcement. Bitfinex and Tether will vigorously challenge this, and any and all other actions, by the New York Attorney General’s office. The Double Standards Caitlin Long pointed out on Twitter, that even if the allegations were true, the NY AG was guilty of double standards. From 2009-12, Merrill Lynch, according to the SEC: commingled customer funds, used them to cover its own obligations, & had it failed its customers would have been exposed to a “massive shortfall in the reserve account.” Which is essentially what the AG is accusing iFinex of. But whilst the SEC dealt with the Merrill Lynch case without causing panic and customer withdrawals, the move by the AG has sparked just that for iFinex. 7/ So…#NewYork did good investigative work here but needs to be called to task on why the double standard, and why the "gotcha" approach? Why not do the same to #WallSt firms when they play similar shell games??? — Caitlin Long (@CaitlinLong_) April 26, 2019 She also urged exchanges to clean up their acts regarding transparency and proof of solvency, to avoid such situations. The Problem? The Attorney General’s filing, asserts that the Tether funds were extended as a line of credit, over three years, with a 6.5% interest rate. An iFinex share charge, of 60,000,000 shares, secured the loan. Entrepreneur and commentator, Alistair Milne, Tweeted the situation rather succinctly, concluding that, as long as “Bitfinex trades profitably, no problem.” TL:DR the Tether/Bitfinex news:Bitfinex have borrowed ~700mil from TetherBitfinex pay a 'fair' interest rate on this loan60million shares in Bitfinex were pledged as collateralIf CryptoCapital release the USD, no problemIf Bitfinex trades profitably, no problem — Alistair Milne (@alistairmilne) April 25, 2019 Which brings us back to transparency and disclosure. If iFinex told customers and investors about this alleged ‘seizure’ and ‘loan’, then would they now have a problem? And is the AG’s ‘gotcha’ approach really warranted in any case? Is the NY Generaly Attorney acting in ‘bad faith’? Share your thoughts below! Images via Shutterstock The post Bitfinex: $850M Lost Tether ‘False Assertion’ appeared first on Bitcoinist.com.
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New York Attorney General’s Office Accuses Bitfinex Of Covering $850 Million Losses Using Tether Funds

If you are our BitcoinExchangeGuide’s regular reader. You should already know about the shady connection between Bitfinex and Tether. This Thursday, a document by the New York Attorney General’s (NYAG) office revealed that iFinex, the company behind both Tether (USDT) and Bitcoin exchange Bitfinex, is being sued. In the press release, the attorney general Letitia […]
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