Kategorie: Crypto News

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MicroStrategy looks to hire a Bitcoin software engineer

  • MicroStrategy wants to hire a Bitcoin software engineer to build a software-as-a-service (SaaS) platform on the Lightning Network.

MicroStrategy, a top business intelligence firm that’s the largest corporate holder of Bitcoin (BTC), is looking to hire a software engineer to help build a Lightning Network-based enterprise platform.

Bitcoin software engineer to build SaaS platform 

On Friday, the US-based technology company announced it was on the hunt for an individual who will be tasked with developing a software-as-a-service (SaaS) platform. 

According to the firm, the new platform will offer innovative solutions around cyber-security challenges to enterprises as well as enable new e-commerce use-cases.

“The engineers at MicroStrategy are working on some exciting new Lightning apps to help our enterprise customers secure networks, monetize websites, and deploy wallets en masse using Bitcoin,” MicroStrategy Executive Chairman Michael Saylor tweeted, urging those interested in joining the team to apply for the position.

Among other qualifications, one is required to have experience in developing software solutions that leverage the Bitcoin blockchain and Lightning Network, or decentralised finance (DeFi) technologies.

Saylor left his role as MicroStrategy CEO early last month to become the Executive Chairman, stating at the time that he was taking the step to focus more on the company’s Bitcoin strategy. 

Just this month, the company purchased an additional 301 bitcoins to bring its total holdings to 130,000.

The post MicroStrategy looks to hire a Bitcoin software engineer appeared first on CoinJournal.

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CFTC charges Digitex founder over illegal crypto derivatives platform

The Commodity Futures Trading Commission (CFTC), has brought charges against Adam Todd, the founder of crypto derivatives platform Digitex, according to court documents filed in a US court.

The futures market regulator is suing Todd over his operating of an unregistered derivatives trading venue in violation of the Commodity Exchange Act (CEA), the filing showed.

Digitex used multiple entities

As per the CFTC charges filed in the Southern District of Florida, Todd is accused of building and operating the Digitex crypto derivatives trading platform illegally. The defendant is said to have used multiple entities to bring his services to the public, with cited entities being Digitex LLC, Digitex Software Ltd., Digitex Ltd. and Blockster Holdings Ltd. Corp.

The CFTC seeks monetary penalties, disgorgement, a ban against Todd and Digitex.

The action against Digitex is the latest complaint by the CFTC against a crypto entity or individual as regulators increasingly spotlight violations across the industry.

Last week, the agency fined founders of bZeroX Tom Bean and Kyle Kistner for violating the Commodity Exchnage Act in their offerig of leveraged and margined products to retailers. The regulator also filed a complaint against decentralised autonomous organisation Ooki DAO.

The post CFTC charges Digitex founder over illegal crypto derivatives platform appeared first on CoinJournal.

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Bitcoin retests key $20K level- can bulls get a higher close?

Bitcoin price rose sharply again on Friday as a dose of volatility helped BTC add nearly $1,000 within hours to top the $20,000 mark. Indeed, the BTC/USD pair rose as high as $20,182 on crypto exchange Coinbase – up from an intraday low of around $19,154 reached earlier in the day.

The price update below shows one instance where price had increased by over $800 in 24 hours.

The upside for the flagship crypto asset cascaded across the altcoin market, with Ethereum also seeing a swift jump to above $1,370 and Ripple’s XRP holding to most gains after ripping higher earlier on another score for the company is its case with the US Securities and Exchange Commission (SEC).

Elsewhere, the US stock market also opened slightly higher, although the muted move is not helped by the prevailing negative sentiment. The S&P 500 trades at levels not seen since 2020 and as is likely, it could slip lower to end the brutal Q3 in the red.

Can bulls see a higher BTC monthly close?

September has been a brutal month across the risk assets market, with Bitcoin oscillating around the $20k level with some painful dips towards the $18,000 support area.

Now with the normal market session just hours away from the monthly close, the attention could be on whether bulls can avoid a second consecutive red month. As seen on the chart below, BTC is about 1.8% in the red, with August seeing the cryptocurrency dump more than 13%. 

Bitcoin has had a red month in four out of the last five, with the last one ending with BTC/USD just above the critical $20k. 

BTCUSD monthly price chart. Source: TradingView

 

A higher monthly candle close Friday could set up fresh bids for the weekend and push BTC/USD higher. It’s an outlook that’s likely if $19,600 holds and a push for $20,300 opens up the $22,000 resistance line.

The post Bitcoin retests key $20K level- can bulls get a higher close? appeared first on CoinJournal.

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Theta upgrade adds support for wrapped THETA (wTHETA)

  • The Theta v3.4.0 upgrade completed successfully at block height 17285755.
  • The software change enabled support for wrapped THETA (wTHETA) ahead of Theta Metachain mainnet launch in December.

Theta, a blockchain-powered video streaming network, has successfully upgraded to v3.4.0, Theta Labs has announced.

Theta v3.4.0 went live at block height 17285755 and its success brings Theta one step closer to the launch of its Metachain mainnet slated for December 2022.

Theta adds wrapped THETA for DeFi

The hard fork to the new version completed after all community validators upgraded their nodes, with v3.4.0 adding support for wrapped THETA (wTHETA) for the Theta web wallet.

The TNT20 token – an ERC-20 like token standard on Theta, can now be used on Metamask as well as across multiple smart contracts.

The upgrade has also added support Theta-based decentralised finance (DeFi) and for staking THETA or Theta Fuel to Elite Edge Nodes and Guardian Nodes, to provide for pooled staking and increase available staking products, Theta Labs announced.

Broadly, this upgrade means more utility for THETA and opens up the ecosystem for further growth. The Theta team is preparing for a testnet release ahead of the Metachain launch, with the testnet set to offer developers a chance to build on their own highly scalable, customisable subchains.

The post Theta upgrade adds support for wrapped THETA (wTHETA) appeared first on CoinJournal.

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Paradigm leads $11.8M funding for Web3 wallet security provider Blowfish

Blowfish is a firewall technology startup that’s includes engineers from Meta, MakerDAO and other platforms.

Web3 wallet security provider Blowfish has raised $11.8 million from several venture funds and other top crypto investors.

Paradigm led the funding round, with the firewall technology startup scoring the backing of Dragonfly, 0x Labs, Uniswap Ventures and Hypersphere. Angels and top crypto founders to also participate in the financing round included Naval Ravikant, Will Warren, Nathan McCauley and Jeremy Welch among others.

Blowfish looks to bolster user wallet security for Web3 users as the market continues to battle malicious actors whose growing sophistication has seen people lose millions worth of dollars.

The Blowfish team brings together top minds in the blockchain, cybersecurity and machine learning sectors. The team has engineers from Meta, 0x Labs, MakerDAO and Trail of Bits – all of whom are working on the objective of offering greater security to users.

Protecting against wallet-draining attacks

The startup’s API is designed to offer customers real-time protection against multiple attack scenarios, including phishing, software supply chain attacks, and decentralised applications (dApp) level DNS hijacking.

According to the Blowfish team, the warnings against malicious vectors will not only be accessible in real time, but also provided in a human-readable transaction context.

Phantom, a Solana-based crypto wallet for DeFi and NFTs, which has integrated the API, has reportedly scanned more than 125 million proposed transactions. The technology helped flag over 11,000 wallet-draining transactions, the Blowfish team said in their announcement.

“Blowfish has helped us protect thousands of our users from malicious scams and fraud. Their API is easy to use & reliable. We’ve partnered with them because we trust their ability to continue building a great product that stays one step ahead of scammers,” said Francesco Agosti, co-founder and CTO of Phantom.

Blowfish will use the capital infusion to upgrade its fraud detection engine across Ethereum, Solana, and Polygon. They’ll also use the funds to expand to new blockchains and hire more staff to help advance security across Web3.

The post Paradigm leads $11.8M funding for Web3 wallet security provider Blowfish appeared first on CoinJournal.