Microsoft using the Ethereum blockchain to fight piracy, altcoin Cardano reaching it´s all-time-high and becoming one of the top three biggest cryptocurrencies, Binance requiring an intermediate identity verification by all users and more.
Microsoft using blockchain to fight piracy
Prominent Hardware and software developer Microsoft wants to benefit from the transparency of blockchain technology. As there are a lot of software pirate platforms using the Windows operating system and Office products, Microsoft published a paper on a blockchain incentive system to support anti-piracy measures titled “Argus: A Fully Transparent Incentive System for Anti-Piracy Campaigns”. According to cointelegraph, Argus is based on the Ethereum blockchain and allows pirated content to be traced back to its source.
Cardano becoming one of the three biggest cryptocurrencies
In the last couple of weeks, the altcoin Cardano (ADA) picked up more and more momentum, resulting in a surpass of $2 per token and the reach of a new all-time-high. One main reason for this is the predicted Alonzo update which is expected to be implemented by September 12 and involves the support of smart contracts. Thus, it will be possible to create decentralized applications (dApps) for Cardano. According to trending topics, it will be profitable for token holders if many more transactions will be made on the Cardano blockchain due to dApps. Therefore, analysts would see the coming Alonzo upgrade as a good time for buying Cardano.
Binance now requiring intermediate identity verification by all users
As the pressure of regulators all around the world is increasing crypto exchange Binance announced that all users now must complete an intermediate verification process. Along with the identity verification process by Binance, the intermediate verification adds the submissions of a government-issued ID and facial verification. Existing users who don´t complete the intermediate verification will only be able to withdraw assets, cancel orders or close positions. According to the block, Binance has come under a series of regulatory scrutiny by global regulators in multiple jurisdictions including the U.S., the U.K., Canada, Cayman Islands, Hong Kong and several European Union countries.
And more exciting news from around the world:
- Paypal’s crypto services to land in the UK this week
- Coinbase is launching a crypto exchange in Japan with Mitsubishi UFJ
- Decentralized streaming music service Audius partners with TikTok to share sounds for artists
It was a great week for blockchain technology. Follow us for more exciting news and be part of the blockchain revolution by joining our BLOCKCHANCE EUROPE 2021 conference in Hamburg in December 2021. You can get tickets here.