Magic BlockchainQA Partners with ConsenSys as the Official Integration Partner for MythX API

This partnership strengthens our position as a comprehensive STO solution provider that includes development, testing of smart contract & marketing …

NEW YORK–(BUSINESS WIRE)–Magic Software Inc. & ConsenSys Inc. announce a strategic partnership to have exclusive early access to MythX tools suite and MythX Platform API.

MythX is an open source Ethereum smart contract and decentralized app security analysis engine and platform that integrates with several commonly used IDEs.

This partnership enables Magic BlockchainQA with early access to upcoming platform versions and seamlessly coordinate the launch of Magic BlockchainQA services based on MythX along with providing 24X7 support for integration consulting services.

Additionally, MythX also grants Magic all necessary licenses for partnership usage on its website as well as grant exclusive access to partner and participate in ConsenSys or company sponsored conferences, meetings, product launch activities, and other events.

This partnership strengthens Magic BlockchainQA’s STO offering. STO testing often requires comprehensive security audit and Magic intends to leverage MythX for this purpose.

“We have seen an exponential growth in STO launches over the last 12 months. This partnership strengthens our position as a comprehensive STO solution provider that includes development, testing of smart contract & marketing services as well as detailed security audit,” says Anuraj Soni, President, Magic BlockchainQA.

For more information on Magic BlockchainQA services, visit https://www.magicblockchainqa.com/our-services/

About the Company

Magic BlockchainQA is a new solutions initiative from Magic Software Inc., a venture funded by Solmark Inc., a Private Equity group. Magic Software Inc. is a leading technology development company that focuses on bringing digital solutions to several industries including Education and Financial Services and has satisfied customers across the globe in its three decades of existence.

Solmark (http://www.solmark.com) a Private Equity firm recently invested in Magic Software to support its growth and bring in a leadership that has global business experience in the digital content and technology space.

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Binance Blockchain Week wraps up in Singapore with a $100k giveaway

It has been a busy week for Binance with the launch of another new exchange and a four day blockchain event that’s just wrapping up in Singapore.

It has been a busy week for Binance with the launch of another new exchange and a four day blockchain event that’s just wrapping up in Singapore.

Running from January 19 to 22, the Binance Blockchain Week drew thousands of attendees to see some of the biggest names in the crypto industry. The week has focused primarily on the sustainable growth of the blockchain ecosystem, and consisted of two main events over four days: a two-day hackathon named Binance SAFU Hackathon on 19-20 January, followed by Binance Conference on 21-22 January.

The event is Binance’s response to “turmoil in the crypto market”. As its website says: “Uncertainty is plaguing the industry and companies are facing a growing number of challenges. There is a need to unite efforts and initiate a global blockchain movement that will re-energize and create a positive orientation for blockchain and the industry as a whole.”

There’s nothing to re-energise and create positive orientation in the community like a free giveaway, and the hackathon saw a prize pool of $100,000 USD up for grabs.

Binance explained that: “In addition to keeping platforms secure from attackers, we actively fight against scam, fraud and money laundering.” To that end, Binance SAFU Hackathon called all the #BUIDLers in the world to join them to “BUIDL an open platform that fights against scams, hacks and money laundering in order to protect our users”.

The winning team was announced as Merkle Blox:

A massive congratulations to the three winning teams of the #Binance#SAFU Hackathon who shared a prize of $100,000 USD worth of $BNB! Teams Perlin, Crypto Lynx & the overall winners Merkle Blox we salute you! #BUIDL#BinanceBlockchainWeekpic.twitter.com/ywixYx43S7

— Binance (@binance) January 21, 2019

Following the hackathon, the Binance Conference, which was at the same Marine Bay Sands venue as last September’s Consensus Singapore conference, brought together the “most dedicated, extraordinary and creative minds in the blockchain space” to discuss current industry trends, hot topics and seek innovative solution to explore further development of blockchain ecosystem. Hosting “over 50 influential speakers, senior management of Binance as well as many industry leaders”.

In addition to Binance boss CZ, delegates included Tron founder Justin Sun, Yoni Assia, CEO of eToro, Da Hongfei, Founder of NEO, and representatives from a number of crypto organisations including Ontology, R3, ConsenSys, Circle, Ripple, PwC, Qtum, Vertex, Bloq, and the Ethereum Foundation.

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Cornell Professor says “TRON is no operating system,” Ethereum’s Vitalik Buterin Supports Criticism

Emin Gün Sirer, a professor at Cornell University and a famous influencer in the crypto and blockchain sphere, blasted TRON (TRX), Justin Sun’s …
Cornell Professor says “TRON is no operating system,” Ethereum's Vitalik Buterin Supports Criticism
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Emin Gün Sirer, a professor at Cornell University and a famous influencer in the crypto and blockchain sphere, blasted TRON (TRX), Justin Sun’s blockchain project for claiming to be one of the “largest blockchain-based operating systems in the world.”

Sirer made this known on his official Twitter account saying that TRON is not an Operating System (OS) while declaring his expertise in Operating Systems.

I know Operating Systems.

I have built Operating Systems.

Tron is no Operating System. pic.twitter.com/JhRhodijKl

— Emin Gün Sirer (@el33th4xor) January 21, 2019

Aside from saying that Tron is not an operating system, Prof Sirer also gave what he called “blockchain Rule #73,” which states that “anything billed as a ‘blockchain operating system’ is an embarrassing mess.”

It is not surprising to see that the Cornell Professor is knowledgeable about OS as Sirer is famous for his brilliant contributions on technological topics such as P2P systems, computer programming, and operating systems.

Confirming his claims of developing Operating systems, Sirer is the brain behind SPIN kernel, an Operating System that he developed as a graduate student.

Vitalik Buterin’s Contributions

Replying to Sirer’s Blockchain rule, Ethereum’s co-founder, Vitalik Buterin tweeted a question with an answer to the Professor saying,

“But what about legitimate blockchain operating systems like $AVA and $SUB? (I *think* that’s how one of the more recent twitter shilling tricks works…)

The trick is to throw your coin into a list of other coins that you know the recipients of your shilling already approve of and get them to associate your coin as “one of the pack”. Also the dollar signs. The darned {{deity}}-awful dollar signs…”

It did not also come as a surprise to see 24-year old Buterin, joining forces with Professor Sirer to criticize TRON since it is a known fact that Buterin is no fan of Sun and his project.

In fact, Buterin and Sun are known for criticizing each other’s project. In December last year, Tron founder threw a big one at Buterin stating that the developers at Ethereum and Consensys are suffering layoffs and they should apply for jobs at TRON as they will be happily welcomed.

Meanwhile, TRON TRX is the most significant gainer among the top 10 cryptocurrencies. TRX is recording more than 6% over the last 24 hours while Ethereum ETH is down by 0.98% at press time. Both coins have a market cap of $12,334,799,679 and $1,680,618,988 respectively.

What’s Your Thought On This ?, Let Us Know In the Comment section Below.


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12 DApps Specified By Consensys As Money Making Platforms

The next one is MakerDAO CDP, which allows users to borrow DAI using ETH, where the ETH remains locked in a smart contract until the burrowed …

Jan 21, 2019 17:54&nbspUTC

| Updated:

Jan 21, 2019 at 19:23&nbspUTC

By&nbspRishma Banerjee

Enterprise Ethereum Company ConsenSys, which was founded by Joseph Lublin, and is an organization which aims to solve real-world problems with Ethereum blockchain solutions for organizations of all sizes, recently listed 12 decentralized applications (DApps) and platforms on the Ethereum network that can be used to make money. The list consists of DApps for bounties and freelance work, lending and staking platforms, and prediction markets.

The first on the list was Gitcoin, which provides an easy of monetizing or incentivizing work in open source software by enabling contributors to explore and work on existing bounties. They have assisted 763 unique coders to reach 305 funders since November 2017.

The second DApp mentioned was Bounties Network which helps users by creating bounties for any tasks with transactions using ETH and ERC-20 tokens. As per reports, they have generated $400,000 in total bounties till date thus enabling asks spanning across the grassroots social action to freelancing opportunities.

The next one on the list is Cent, which is another bounty network, that is built on the concept that social networks run on content but don’t provide enough value to the content creators. Creators, on this platform, can share and connect with users calling themselves Centians and uses the term ‘centing’ for putting a bounty on something.

The fourth DApp to make it to the list is Ethlance which enables users to find work they like or can do. They get paid in digital currencies and moreover, the platform doesn’t charge any fees for the users while allowing them to create an unlimited amount of jobs. Users post jobs in IT, writing, web development, app development, and other such categories.

The next one is MakerDAO CDP, which allows users to borrow DAI using ETH, where the ETH remains locked in a smart contract until the burrowed DAI is paid back.

The sixth DApp is ETHLend, which uses their native token LEND, and allows users to enjoy zero-fee lending using smart contracts where digital assets are provided as collaterals.

Compound Finance, the seventh one on the list enables users to supply their idle crypto holdings to its open-source protocol for money markets on the Ethereum network. The algorithmic markets adjust the interest rates users can earn depending on the demand and supply of available crypto assets.

The eighth DApp is Dharma which is yet another Ethereum-based lending and borrowing platform. It comes with a wide range of smart contracts that let users approve ERC721 tokens as collateral for loans.

Gnosis Olympia, which is the 9th Dapp on the list, enables the user to make predictions and subsequently win GNO tokens every time they are successful. The alpha version of the platform is designed to let users try their hands at trading. They also have a developer contest called Gnosis X offering up to $100k USD value in GNO coins to the winners.

The tenth addition to the list is Augur, which allows users to stake ETH and make predictions about a wide range of topics- ranging from elections to the price of a cryptocurrency.

Pdotindex is the eleventh one to be on the list. It is a price-weighted index which brings unique derivatives based on celebrities. It is derived from speculative positions on the Augur markets and has indices based on basketball star LeBron James, pop singer Ariana Grande, and many others.

The last one to make it to the list is Veil, which is a derivatives platform and peer-to-peer prediction market that is built on Ethereum, 0x, and Augur. Veil’s newest instant settlement feature allows users to settle before the market is finalized on Augur.

Rishma Banerjee

Rishma is currently pursuing a bachelor’s degree in International Relations and has a special place in her life for sifting through all sorts of random trivia, thank you very much.

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Ethereum [ETH] plunges below the support level at $117.30 as bears rule: Technical Analysis

Ethereum price has declined a great deal over the past few hours and it is quite a possibility that it might go down further towards the $110 mark.

Well, the cryptocurrencymarket is witnessing a bearish trend all across the board and all the major coins are trading in the red. Top coins have lost in the range of 1-6 percent on the day and at the time of press, Bitcoin is down by 1.11 percent and is trading at $3,584.86. Ethereum price has declined a great deal over the past few hours and it is quite a possibility that it might go down further towards the $110 mark. After posing a good recovery, the coin declined and the price broke the $120 and $118 support levels to move into a bearish zone. Currently, ETHis down by 2.77 percent and is trading at $117.41. The cryptocurrency market stands at $119 billion dollars and it is also below the psychological barrier of $120 billion which is not a good sign for the near future. ETH is still behind XRP at the third position with a total market cap of nearly $12 billion and the difference between the two is now nearly $1 billion.

ETH/USD

The cryptocurrency has seen a sharp decline which saw it break the $120 and $118 support levels and move into the bearish zone. At the time of print, the coin is down by 2.77 percent and is trading at $117.41. Currently, the coin is hovering around support level at $117.300 and the key resistance stands at $123.7600. Looking closely at the chart we will find that the coin is now in the bearish zone below $120 mark. There’s also a risk of more losses as long as the digital asset is trading below the $120 mark. The hourly RSI indicator stands at 48.1959 which suggests increased pressure from the sellers in the market. The MACD suggests that the coin is in the bearish zone and it also shows a downward trend and the coin is experiencing a strong resistance near the $118 level.

ETH/BTC

At the time of print, ETH is down by 1.168 percent and one ETH is equivalent to 0.03275128 BTC.

Latest Updates

In an important development, the much-anticipated Constantinople upgrade that was scheduled to take place on 16th January has been postponed to February end. Now, the Constantinople hard fork activation has been set for block number 7,280,000 and will take place on February 27th, according to developer Péter Szilágyi. The decision to postpone the upgrade was taken in a core developer phone call meeting on Friday and the participants included Ethereum creator Vitalik Buterinand other main developers, including Hudson Jameson, Afri Schoedon, and Péter Szilágyi, among others.

Well, there seems to be no love lost between Justin Sun, Founder and CEO of TRON and Ethereum’s Co-Founder Vitalik Buterin. In a tweet on Monday, Buterin mocked TRON by stating that “The trick is to throw your coin into a list of other coins that you know the recipients of your shilling already approve of and get them to associate your coin as one of the pack.” He further added, “Also the dollar signs. The darned {{deity}}-awful dollar signs.” This latest tweet came in the wake of Emin Gün Sirer’s tweet in which he said, “I know Operating Systems. I have built Operating Systems. Tron is no Operating System.” Emin Gün Sirer is the founder of bloXroute Labs.

See Also: Ethereum’s much-anticipated Constantinople upgrade postponed to February end

Ethereum & ConsenSys founder Joe Lubin joins start-up ErisX as one of the board of directors

Image via Shutterstock

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