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NTT DATA to deploy a Horizen EON blockchain Certificate Signer Node

Key takeaways

  • NTT DATA is deploying a Horizen EON blockchain Certificate Signer Node on the NTT DATA infrastructure.

  • The node will help secure the Horizeon EON network. 

NTT DATA deploys a Horizen EON node

The Horizen team announced in a blog post on Thursday, September 28th, that NTT DATA, a leading IT service provider and global innovation partner, is deploying a Horizen EON blockchain Certificate Signer Node on the NTT DATA infrastructure.

The node will contribute to the credibility, security, and robustness of the Horizen EON network. 

The Horizen EON is an EVM-compatible sidechain and smart contract platform built with Zendoo, a powerful ZK-enabled cross-chain transfer protocol. The blockchain makes it possible for developers to build dApps with ease and access the Horizen ecosystem. 

While commenting on this latest cryptocurrency news, Francisco Spadafora, Head of Blockchain Competence Center EMEAL, said,

“Contributing to public blockchains, running nodes, and validators is part of our strategy of working very closely with the public blockchain industry, supporting the growth of these ecosystems and providing the scalability capabilities that, as NTT DATA, we have.

This is the first of several other initiatives we would like to launch with the crypto industry, and we are happy to have taken this important step with Horizen, in which we strongly believe and with which we plan to undertake other joint actions to offer blockchain-based solutions to our clients.”

Horizon EON blockchain now has 47 certificate signer nodes

With NTT DATA joining the ecosystem, the Horizen EON blockchain now has 47  certificate signer nodes. These nodes are tasked with providing credibility to the transactions on the EON chain and ensuring decentralisation. 

The signer nodes are also responsible for signing backward transfer requests, allowing the flow of ZEN from the EON chain to the Horizen mainchain.

NTT DATA is an IT services provider and global innovation partner headquartered in Tokyo, with business operations in over 50 countries. 

Meanwhile, Horizen is a layer 0 public blockchain that enables the zero-knowledge network of blockchains powered by the largest node system and a massively scalable cross-chain protocol, Zendoo. 

The post NTT DATA to deploy a Horizen EON blockchain Certificate Signer Node appeared first on CoinJournal.

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Here’s what the U.S. government shutdown may mean for Bitcoin

  • James Butterfill expects Bitcoin to rally if the U.S. government shuts down.
  • BTC has a history of performing quite well in times of uncertainty.
  • The world’s largest cryptocurrency is already up close to 4.0% today.

Bitcoin will likely rally if the U.S. government does indeed shut down on October 1st, says James Butterfill – the Head of Research at CoinShares.

Why may BTC rally on shutdown?

The world’s largest cryptocurrency by market cap is already up close to 4.0% on Thursday as the U.S. government started sending out notifications to federal employees that a shutdown may be imminent.

And that rally may extend when the shutdown actually begins, as per CoinShares’ Butterfill.  Because the investors could read the funding lapse as a sign of instability and turn to Bitcoin for refuge.

This scenario bears resemblance to the debt ceiling stalemate experienced earlier this year, which ended up bolstering Bitcoin prices.

Bitcoin continues to find a strong support at the $25,000 level.

U.S. banks still have downside risks

Note that Bitcoin saw strength when the likes of Silicon Valley and Signature banks collapsed earlier this year. That speaks a lot about its ability to outperform in times of uncertainty.

And the U.S. financial institutions may not entirely be out of the woods just yet. Martin Gruenberg – Chair of the U.S. Federal Deposit Insurance Corporation (FDIC) recently warned that inflation and higher rates continue to be a significant downside risk for the banking space.

Another near-term tailwind for BTC could be the approval of a Spot Bitcoin ETF – for which the U.S. lawmakers pushed SEC Chair Gary Gensler just a day earlier (find out more).

On Thursday, Rob Ginsberg of Wolfe Research also said that Bitcoin was worth investing at its current price.

The post Here’s what the U.S. government shutdown may mean for Bitcoin appeared first on CoinJournal.

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Tottenham Hotspur to issue a Web3 fan token using Chiliz Blockchain

  • Tottenham Hotspur embraces blockchain technology, partnering with Chiliz for a Web3 fan token.
  • Fans can participate in on-chain voting and enjoy club-related rewards with the upcoming $SPURS fan token.
  • Stricter regulations from the FCA in the UK prompt disclaimers on fan token offerings, ensuring compliance and transparency.

Tottenham Hotspur has entered the world of blockchain technology by announcing its plan to issue a Web3 fan token, making it the first Premier League team to do so in two years.

The London-based football club is set to collaborate with the Chiliz blockchain, offering its fans a unique and engaging experience.

Chiliz Blockchain revolutionizing fan engagement

Spurs’ decision to tap into blockchain technology is driven by a desire to enhance supporter engagement and provide rewards through a Web3 fan token. This innovative move will be facilitated by Socios.com, a fan engagement platform built on the Chiliz blockchain, which has already garnered the interest of over 80 major sporting teams worldwide.

The Chiliz blockchain empowers teams to issue and manage fan tokens, digital collectibles, and real-world rewards while enabling fans to participate in decision-making processes related to their favourite teams, akin to decentralized autonomous organizations (DAOs).

This development aligns Tottenham Hotspur with other prestigious football clubs such as Manchester City, Arsenal, Barcelona, Paris Saint-Germain, Juventus, Inter Milan, AC Milan, Atlético Madrid, and A.S. Roma, all of which have embraced blockchain technology to revolutionize supporter engagement.

Tottenham Hotspur fan token launch

Tottenham Hotspur is set to launch its $SPURS fan tokens on October 4, 2023, providing fans with a unique opportunity to be part of the club’s digital ecosystem.

In addition to the fan token, Spurs will collaborate with MatchWornShit, a platform facilitating auctions of jerseys worn by players during games. The authentication of these auctions on the Chiliz blockchain ensures transparency and trust in the process.

Fan token holders will have a say in various team dynamics, including potential kit changes, through on-chain voting. The fan token will also introduce a range of club-related rewards and experiences, further engaging the fan base.

To ensure regulatory compliance, Socios users in the United Kingdom will start seeing disclaimers on fan token offerings from October 8th. This development is in response to the Financial Conduct Authority’s (FCA) oversight of crypto asset promotions, imposing stricter rules and emphasizing potential risks associated with cryptocurrencies and fan tokens.

Looking ahead, Tottenham Hotspur plans to integrate the fan token into its existing loyalty program and mobile app. This demonstrates the club’s commitment to providing its fans with an enhanced and seamless digital experience while fostering a stronger sense of community among supporters.

The post Tottenham Hotspur to issue a Web3 fan token using Chiliz Blockchain appeared first on CoinJournal.

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EOS becomes first “climate-positive” blockchain network

  • EOS Network Foundation has partnered with Upland and Aerial.
  • The collaboration sees EOS become the first blockchain network to be “climate positive”.
  • EOS uses a proof-of-stake (PoS) consensus mechanism.

EOS Network has reached a landmark milestone among blockchain networks as its vision of a green blockchain crystalised with the latest collaboration between the EOS Network Foundation (ENF) and Upland, a Web3 platform for the metaverse.

EOS is “climate positive”

Although EOS was already a carbon neutral chain, ENF’s collaboration with Upland and sustainability platform Aerial to push the EOS Network from being a carbon-neutral blockchain to one that’s now “climate positive.”

The move comes amid growing adoption of green energy even across proof-of-work blockchains like Bitcoin, around which there has been much debate on how to achieve more in terms of environmental sustainability.

For EOS, a proof-of-stake (PoS) blockchain, becoming “climate positive” means that the network’s activities extend past the quest for net-zero carbon emissions. It means the ecosystem is helping the wider efforts on climate by removing extra CO2 from the atmosphere. With all carbon dioxide produced on the network offset by carbon credits, EOS is moving a step further.

Other than focus on their carbon footprint, ENF and partners will look to offset emissions via sustainable projects. The companies will also promote other green practices, including afforestation.

The post EOS becomes first “climate-positive” blockchain network appeared first on CoinJournal.

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Coinbase expands futures trading services globally

  • Coinbase International Exchange has received regulatory approval.
  • The approval underscores the company’s commitment to global expansion.
  • Coinbase’s CEO continues to advocate for regulatory clarity.

Coinbase, a leading cryptocurrency platform, has achieved a significant milestone by gaining regulatory approval from the Bermuda Monetary Authority (BMA) to offer perpetual futures trading services to retail customers outside the United States.

This development marks a strategic move to expand Coinbase’s global presence in the cryptocurrency market.

Global futures market dominance

The global futures market plays a pivotal role in the cryptocurrency ecosystem, accounting for nearly 80% of the total crypto market. It facilitates leveraged transactions and derivatives trading, which often contribute to market volatility.

With this approval, Coinbase International Exchange aims to tap into the immense trading activity in the crypto derivatives space.

Crypto derivatives transactions reached an impressive $1.85 trillion worldwide in July, as reported by research firm CCData. This data underscores the growing demand for futures and derivatives trading, making it a crucial component of the crypto industry.

Coinbase CEO advocates for regulatory clarity

Coinbase’s move to expand its services outside the United States comes amidst increasing regulatory scrutiny and uncertainty within the cryptocurrency industry. Coinbase CEO Brian Armstrong has been vocal about the need for clear and consistent regulatory frameworks in the United States.

Armstrong expressed frustration with US regulators and hinted at the possibility of relocating the company if regulatory conditions do not improve. He cited the lack of transparent rules as a hindrance to the industry’s growth and stability. Clear regulations, he believes, are vital for both the industry’s success and investor confidence.

The post Coinbase expands futures trading services globally appeared first on CoinJournal.