Achieving two-way interoperability between blockchains and the real world is an ongoing challenge. It is not something that can be done natively, yet with the help of blockchain oracles, a lot can be achieved. What are Blockchain Oracles? To explain the purpose of a blockchain oracle, one needs to be aware of what it entails exactly. A blockchain – or its smart contracts – cannot access data from outside of its network. Unless information is manually introduced to the blockchain system, that is. For smart contracts, that can be a hindrance. These contracts are designed to automate processes by leveraging
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When it comes to alternative cryptocurrencies and their blockchains, there will always be some sort of debate. A new academic paper certainly paints an interesting picture for EOS, Tezos, and XRP. Many people feel that Bitcoin is the only real viable cryptocurrency out there. Academic Paper Blasts EOS, XTZ, and XRP Everything else is, in the eyes of many, a testing ground for new features and developments. Whether that is true or false, is subject to personal interpretation first and foremost. An academic paper discussing the usage of altcoins and their blockchain certainly puts things in a certain perspective. More 
There has never been a shortage of cryptocurrency scams, nor will there be in the future. Two companies involved in a recent binary options scam have now been fined by the CFTC. When looking at crypto trading platforms, it is pertinent to separate the real ones from the fake. CFTC Hammers Down on Crypto Scams Dozens of legitimate trading platforms exist, and everything else can be ignored for the most part. Even so, a lot of people tend to get duped by fake trading platforms these days. Two crypto trading platforms running a scam were recently charged by the CFTC. 
By Dmitriy Gurkovskiy, author at RoboForex Blog On Friday, May 8th, the XRP remains in a flat, slightly declining. It is generally trading at 0.2166 USD. On H4, XRP/USD is correcting the previous declining wave, moving in a mid-term ascending channel. The quotations rose to 50.0% Fibo but a divergence on the MACD proved the necessity of a short-term pullback. Now the quotations are moving in a local correctional “wedge” and declining to the support line and the level of 0.2085 USD. They might break it away; a Black Cross on the MACD is giving a reason for it. The aim 
Several incidents in the cryptocurrency space seem to leave a lasting impression on the industry. The infamous Cryptopia hack, for example, still sends shock waves throughout communities today. To this day, there are still many uncertainties regarding the Cryptopia hack. More Cryptopia Funds Shenanigans The exchange lost a lot of funds, adding up to roughly 30,000 Ether. Cashing out such vast sums of stolen money is anything but an easy feat. Due to the transparent nature of cryptocurrencies, it is very easy to monitor suspicious transactions in real-time. On the Ethereum blockchain, the addresses associated with the Cryptopia hack have 
India has proven to be a rather complex country when it comes to cryptocurrencies. Overall trading volume across exchanges is surging during the coronavirus, potentially hinting at things yet to come. Similar to other countries, India is under some form of lockdown due to the coronavirus. Crypto Demand Picks up in India As such, it drives people to alternative investment options to make some money now or in the near future. Demand for exposure to Bitcoin and other crypto assets has risen significantly. So much even that most Indian trading platforms indicate a 1,000% increase in volume. Now is a 
In the cryptocurrency world, several exchanges have lost money for a wide variety of reasons. Upbit lost 342,000 Ether in 2019, yet it seems some of the funds may be cashed out fairly soon. It is not uncommon for crypto exchanges to be hacked or drained. Upbit Funds Moves to Binance Although one would expect things to be different after 10 years, that is far from the case. Upbit lost a lot of funds in November of 2019. When everything was said and done, the losses totaled up to nearly $49million. Most of the funds have been tracked and should 
Ripple has always been a company that attracts a lot of attention in the cryptocurrency world. Unfortunately, that also means that the company has to deal with lawsuits every now and then. Speaking of lawsuits, a new one has been filed by Bitcoin Manipulation Abatement LLC. Another Ripple Lawsuit Pops up According to that group, Ripple and CEO Brad Garlinghouse have violated security laws while marketing XRP. The lawsuit is filed in a US federal district court. It claims how investors were misled and lied to as XRP was sold as an unregistered security. Interestingly enough, this is not the 
Iran may prove to become a very interesting region for all cryptocurrency activities. The government has begun issuing licenses to crypto mining firms, and the overall interest in this business model is picking up. The licensing model in Iran is worthwhile to keep an eye on. Crypto Mining is Booming in Iran Every cryptocurrency mining firm in the country must obtain an official license. The process for doing so is not complicated, nor overly expensive. Once a license has been obtained, these companies can begin – or continue – to mine Bitcoin at their own license. Since determining that Bitcoin 
Even in 2020, there are several banks around the world that will prevent customers from buying or selling cryptocurrencies. One way to circumvent those issues is by utilizing crypto debit cards, even though they rely on the banking system as well. Banks have always had a love-hate relationship with Bitcoin and other cryptocurrencies. Banks Still Fear Cryptocurrencies Some of these institutions will actively prevent any interaction between their service and the crypto space. This can lead to not being able to buy or sell cryptocurrencies. Circumventing that problem can be challenging in many different ways. One logical option is to