4C Newsflash of September 02

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Market Cap at 2:23 (UTC) – $255,501,127,918 billion 

Bitcoin dominance: 69,5% 

BTC $9,917 (+3.24%

ETH $173.48 (+1.84%

XRP $0.258048 (+0.93%

Brazil largest credit and debit operator to support crypto

According to a statement in Forum Blockmaster, Cielo, the Brazil largest payment processor will soon implement crypto into their PoS devices. Before using crypto, users need to create an account on Uzzo or Criptohub and deposit their crypto. Through Cielo devices, people can use their smartphone to make payment with QR codes.

Bitcoin Lightning Network has serious security issues

An Australian code has found various issues related to Bitcoin Lightning Network. Those issues are said to be exploitable and can cause loss of funds. In his tweet, all versions of c-lightning older than 0.7.1, lnd 0.7 and eclair up to version 0.3 are in serious need of upgrade. However, further details about the issues will not be revealed until September, 27th.

Kyrgyzstan introduces draft crypto mining law

Local news outlet Kabar has recently reported that the government has introduced a draft law for taxing crypto mining. Moreover, the Ministry of Kyrgyzstan Economy may issue two methods to tax the mining activities: the first is based on the income of the operation while the second aims to tax the mining expenses.

China Telecom to produce blockchain-based 5G SIM

State-owned telecommunication company, China Telecom unveils the plan to develop blockchain-based 5G SIM card, according to Sina News. On August 27th, the whitepaper of the project has been released by the R&D department of China Telecom at China International Industry Fair. Per the paper, the company plans to develop a blockchain-based 5G SIM card which will have support for Ethereum and ERC-20 and a smartphone that can be used as a node.

 

Binance launches two futures trading testnet platforms

In the latest blog, Binance announced the launch of two futures testnet platforms allowing users to pick their favorite. Moreover, all testers have the chance to win free BNB if they join and rank above 50th in term of trading volume. Each tester will be allocated 100,000 USDT in stimulated fund. for the trading activities.

 


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