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Jose Oramas



Articles by Jose Oramas

Cardano is Partnering With American Telecom Service DISH Network

22 hours ago

The strategic partnership aims to introduce Cardano’s blockchain technology to DISH’s telecom services, likely to boost Cardano’s adoption and benefiting DISH’s users with 8 million digital identities (D.I.D) on phones satellite.
DISH and Cardano
Speaking at the Cardano Summit 2021, Hoskinson said that while the main idea was to create a network where users can move seamlessly from one space to another, the underlying business infrastructure has remained “ossified.”
“We think there’s a lot of intersection between the use of identity the movement of data capacity exchange and other things that can be done and explored.And it can be done at a scale of millions to tens of millions, and eventually at a global scale. So, this is a super exciting relationship we can’t wait to

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Citibank Report: Crypto Is Redefining The Entire Payment Ecosystem

6 days ago

Cryptocurrencies are redefining the entire payment infrastructure, says a new report from multinational Citibank. It added that digital assets have expanded from being merely an “internet novelty” to becoming a two-trillion-dollar market.
What Can Organizations Do to Embrace Crypto?
The report offers a blueprint for organizations considering adopting cryptocurrency payments or simply investing in such assets as a store of value, outlining three key aspects they should consider:
The accounting team should have the correct tools to deal with cryptocurrencies
Selecting which digital assets will be accepted as payment
And whether or not the organization will hold crypto on its balance sheet
“Cryptocurrencies have evolved from being an obscure internet novelty to reaching a two

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Poly Network Drama is Over: Hacker Returns the Remaining $141 Million

August 23, 2021

The Poly Network drama seems to be officially over as the hacker has returned the remaining $141 million, according to a blog post from the DeFi project.
‘Full Asset Restoration’ Begins
As per the announcement, at 8:39 AM UTC, Mr. White Hat gave his private key to the 3/4 multi-signature wallet in an embedded message, retrieving the 28,853 ETH and 1,032 WBTC (Wrapped BTC) left and giving Poly Network the green light to return full asset control to users.
The team had to verify if the private key was genuine, which turned out to be so. Thus the 610 million stolen on August 10th are fully restored to the network (This doesn’t include the frozen 33 million USDT, the protocol is trying to solve this issue by contacting Tether directly).
“The team has confirmed that the private

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Luna Yield, A Solana Yield Aggregator, Rug-pulls and Steals Almost $10 Million

August 21, 2021

Luna Yield, a Solana-based cross-chain yield aggregator and decentralized exchange, might have rug- pulled after the official website and social media channels were taken down today, according to SolPad, Solona’s finance launchpad.
Nearly $10M Stolen
After Luna’s official website, Twitter, Telegram, and other channels were deleted, users feared that the team behind the protocol might have run away with their funds. Consequently, they tried to unstake their funds from the liquidity pools but failed because the team had removed the liquidity. Traders estimate a loss of nearly $10 million, making it the biggest rug pull on the Solana ecosystem.
SolPad hosted Luna Yield’s Initial Initial DEX Offering (IDO) on its platform. The team said they had contacted a third party to

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Ethereum Whales Are Depositing More ETH to the Ethereum 2.0 Contract Amid Protocol Upgrades

August 19, 2021

Over 95,000 ETH – over 287 million – have been staked in the ETH 2.0 contract in a day, as per data from on-chain and market data platform CryptoQuant.
It seems the number of new depositors is fewer compared to the number of deposits, which, according to Young Ju, CEO of CryptoQuant, is a firm sign that whales are bullish on ETH by staking more tokens to the contract.

Another evidence that $ETH is bullish in the long term.
It seems whales who staked a lot of $ETH to the ETH 2.0 contract before the price surge, staked a ton of ETH to the contract again.
These whales seem to think the fair price for $ETH is higher than $3k in the long term. https://t.co/P8I8xnk0wp
— Ki Young Ju 주기영 (@ki_young_ju) August 18, 2021

This number adds to the 5 million ETH that was staked in

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US Government Offers $10 Million in Crypto to Hackers to Track Cybercriminals

August 16, 2021

The US State Department (DOS) is trying to halt cybercrime in the country with a new initiative for the Rewards for Justice (RFJ) program. Consequently, it will offer up to $10 million in cryptocurrencies to anyone who can provide information leading to the identification of state-backed hackers.
DOS Targeting Black Hat Attendants
Last week, hackers and cybersecurity experts attended the famous cyber conference Black Hat Briefings. The State Department promoted the program through a QR code stamped on flyers and T-shirts so attendants could scan it, taking them to the RFJ page with all the information about the reward. 
Participants can access the RFJ channel through TOR, a browser that enables anonymous research and communication. DOS officers believe the dark web and

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$1.72M Staked Amid Community Testing for Maiar, Elrond Network’s New Decentralised Exchange

August 13, 2021

The Elrond network is ready to launch the Maiar Decentralised Exchange (DEX), which recently begun the Chaos testing phase, opening the doors for the Elrond community to test, validate and improve the network’s resiliency and robustness.
Already 1.72 Million Staked into Maiar
Maiar has seen 1.72 million EGLD staked, and over 59,000 people have joined. Elrond also announced its partnership with DEXTools to bring Maiar DEX into the DEXTool terminal, allowing traders to access real-time information, strategies, insight, and opportunities on the Elrond Network.
The integration of DEXTools will allow DEXT traders to keep track of token pairs on the platform, follow specific trader wallets, and get insights from markets delivered via Telegram or email.
“By launching on the high

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$400 Billion Hedge Fund Neuberger Berman Approved to Receive Access to Bitcoin and Ethereum

August 11, 2021

A $400 billion investment management firm, Neuberger Berman, recently announced adding exposure to Bitcoin and Ether derivatives and investment vehicles as part of the firm’s fund strategy.
Another Hedge Fund to Join Crypto
The SEC filing outlines that the asset manager will receive exposure to cryptocurrency via a subsidiary firm —with a minimum investment of $5 million. The filing comes after the firm disclosed a “Hedge Cryptocurrency Volatility Fund” in an SEC Form D Filling, which, as per the filing, has made no sales as of July 29.
The Fund may seek to gain exposure to cryptocurrencies, including bitcoin and ether, indirectly through cryptocurrency derivative instruments, such as bitcoin futures and ether futures traded on futures exchanges registered with the

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Tether’s Reserves are ‘Fully Backed,’ Company Cites Another Audit

August 11, 2021

Tether has yet again issued another public opinion by Moore Cayman, a provider of audit services that reassures USDTs are “fully backed by reserves.” However, the company has failed to disclose the precise nature of the reserves it’s referring to, which has raised a few eyebrows in the community.
Another Public Opinion By Moore Cayman
The report says the Cayman Island-based audit provider has obtained “sufficient and appropriate” evidence to base their assurance opinion. It conducted an attestation in accordance with the ISAE 3000 (International Standard on Assurance Engagements (revised)), among other standards for ethical research and guidance for audits and historical financial information.
“Those standards require that we plan and perform the attestation examination to

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SEC Charges DeFi Lender and its Executives for Raising $30 Million Trough Unregistered Sales

August 8, 2021

The Securities and Exchange Commission has targeted the Cayman Island-based Blockchain Credit Partners (BCP), along with Gregory Keough and Derek Acree, for selling unregistered securities from February 2020 to February 2021.
$30 Million Trough Token Sales
According to a recent press release, the executives allegedly used smart contracts to sell two types of tokens that the SEC considered securities. More precisely, those were mTokens, which could be bought with “specific digital assets” that paid out 6.25% interest to investors.
The statement indicated that BCP used “investor assets to buy real-world assets, like car loans,” generating sufficient income to pay out the promised interest and surplus profits. The second token is DMG, governance coins that give users rights

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Voyager Digital Acquires Crypto Payment Platforms Coinify in a $84M Deal

August 7, 2021

Cryptocurrency broker Voyager Digital Ltd has acquired Coinify ApS, a crypto payment system, in a deal valued at about $84 million.
The integration of Coinify will accelerate Voyager’s expansion into Europe to meet the demands of the market and offer its products internationally.
Making Digital Assets Accessible Globally
According to the announcement, the deal is divided into stock and cash. Coinify investors will receive 5.1 million Voyager shares worth around $69 million – the rest of the $15 million will be paid in cash. The deal comes after the broker decided to expand its 1.75 million user base by bringing a global payment infrastructure to its digital ecosystem.
“Coinify’s core values of innovation, security, and scalability are perfectly aligned with Voyager’s

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Ethereum London Hard Fork Incoming: How Binance and OKEx are Preparing

August 3, 2021

The Ethereum blockchain is scheduled to undergo the London hard fork, and several exchanges are taking precautions to ensure users’ funds remain secured once the hard fork is successfully deployed. 
At block height 12,965,000, estimated to take place tomorrow (August 8th, 2021), Ethereum was scheduled to undergo the hard fork, and two scenarios are likely to occur; either the chain is split, and there’s a competing network with a new token or no new token is created, and most exchanges will resume ETH and ERC-20 tokens operations like withdrawals and deposits after the hard fork.
How Are Exchanges Preparing for the Hard Fork?
Binance announced it will suspend ETH and ERC-20 tokens deposits and withdrawals at 2021-08-05 11:45 (UTC). This is to ensure that trading risks are

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Number of Crypto Users Doubled in Just 6 Months: Survey

July 29, 2021

It seems the number of crypto users has doubled since January 21 this year, according to research on global crypto adoption by Crypto.com. 
The report gathered information from 24 leading crypto exchanges using on-chain data based on various parameters —identifying over 220 million users by the end of June. February and May were the months when the inflow of new users reached their peak: 203 million. 
Altcoin Market Surged Largely Thanks to SHIB and DOGE
The altcoin market also gained considerable growth during the first months of 2021, witnessing an increment in user count to an all-time high. Interestingly enough, the report highlighted that Ethereum outpaced Bitcoin’s growth this year. Just after April’s market crash, Ethereum witnessed a massive institutional interest,

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Monero Bug May Impact Transaction Privacy: Team Reveals

July 27, 2021

Developer’s of the privacy token Monero (XMR) have found a bug that breaks its transaction privacy, according to recent tweets on Monday.
The official Monero Twitter account warned users of a “rather significant bug” in the Decoy system. The bug was at first discovered by software developer Justin Berman when he found out that if a user spends their XMR tokens after 20 minutes of receiving them (two blocks time), it’s likely that their transaction will be identified as the true transaction, breaking users privacy.

A rather significant bug has been spotted in Monero’s decoy selection algorithm that may impact your transaction’s privacy. Please read this whole thread carefully. Thanks @justinberman95 for investigating this bug.
1/6
— Monero || #xmr (@monero) July 27, 2021

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Jim Cramer Bullish on Bitcoin Holding $30K But Bought Ethereum Instead

June 28, 2021

Mad Money host Jim Cramer is still bullish on Bitcoin, but instead of buying more BTC he went for Ethereum this time, claiming it can be used to buy more things like NFTs (Non-Fungible Tokens).
In an interview with CNBC’s Squawk Box, Cramer said a lot of money is coming to Bitcoin despite its current slump. However, he seems to have changed his mind again by buying more Ethereum instead. 

“Bullish. Have to be. There’s too much money coming in,” says @JimCramer. “I went back into #ethereum because #bitcoin held $30K. I like ethereum because people actually use it much more to be able to buy things.” pic.twitter.com/IIAeUL4BNL
— Squawk Box (@SquawkCNBC) June 28, 2021

Cramer Turns to ETH amid Bitcoin Crackdown 
One of the reasons Cramer now prefers Ether is that he fears

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Elon Musk: Tesla Will Resume Allowing Bitcoin Transactions With One Condition

June 13, 2021

After Tesla stopped accepting Bitcoin as a payment method for its electric cars back in May, Elon Musk has stated that his company would resume receiving Bitcoin transactions, with one condition dependent on the energy consumption.
Exactly one month following Tesla’s announcement of halting bitcoin payments, Elon Musk has said on Sunday that the electric vehicle manufacturer will resume allowing BTC transactions. However, there’s one condition: at least 50% of the energy used for bitcoin mining must be from clean energy sources. 

“When there’s confirmation of reasonable (~50%) clean energy usage by miners with the positive future trend, Tesla will resume allowing Bitcoin transactions,” he tweeted.

The tweet was in reply to Magda Wierzycka, one of the richest women in

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Bitcoin Listed as El Salvador’s Currency on Wikipedia

June 9, 2021

Wikipedia has listed Bitcoin (BTC) as one of El Salvador’s official currencies —shortly after, the country turned BTC into an official legal tender approved by a supermajority in the Salvadoran Congress.

Wikipedia now lists #Bitcoin as El Salvador’s currency. pic.twitter.com/JfbdoeBumB
— Documenting Bitcoin 📄 (@DocumentingBTC) June 9, 2021

El Salvador became the first country to accept Bitcoin as a legal tender. It will take 90 days for the law to be enacted, which will allow merchants and the general population to prepare. 
Besides, the country will grant citizenship to anyone that invests Bitcoin into the nation’s economy.
The recent adoption by less-developed countries has given a lot of discussion to the crypto community. Many at first thought that first-world

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I Should Have Bought a Lot More Bitcoin: Hedge Fund Billionaire Marc Lasry

June 8, 2021

American billionaire hedge fund manager Marc Lasry said he should have bought “a lot more” Bitcoin (BTC) a few years ago.
During a CNBC’s Squawk Box interview, Lasry commented on BTC’s performance and 2020’s bull run. He regrets not buying more as the price surge happened a lot quicker than he thought —mainly due to institutional investors embracing cryptocurrencies and widespread adoption by governments and other corporations.
“I think the probability, as more and more people start using Bitcoin, is that it’s going to keep going up. It’s happened a lot quicker than I thought it would. I should have bought a lot more. That was my mistake.”
Lasry Still Bullish on Bitcoin
Lasry, co-founder and CEO of Avenue Capital Group, has been a relatively bullish crypto investor and

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Google Removes Its 2018 Ban on Cryptocurrency Wallets and Exchange Ads

June 2, 2021

Google has lifted its ban on cryptocurrency exchanges and digital wallets, prohibiting them from using Google’s advertisement service, a policy that lasted almost three years.
According to the document, Google will update its Financial products and services policy in August to further clarify cryptocurrency exchanges about all the requirements needed to allow advertisement through the platform.
Some of the requirements include being registered with the FinCEN (Financial Crimes Enforcement Network), besides complying with all relevant legal requirements and Google Ads policies.
Only cryptocurrency exchanges in the United States are allowed to promote their businesses through Google. However, some restrictions remain for crypto companies launching ICOs (Initial Coin

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Over 5 Million ETH Locked Up in the Ethereum 2.0 Deposit Contract

June 2, 2021

According to recent data, the amount of ETH locked in the ETH 2.0 deposit contract has reached over five million, marking a major event for the Etherum community.
Data from Dune Analytics shows 5,223,042 ETH —$14 billion at press time— has been sent to the ETH 2.0 contract. The lock-up amount is nearly 1,000% of the original 524,000 ETH threshold, which was the minimum needed to move forward with the staking process.
There are currently 27,132 “unique depositors,” and 152,000 validators processing blocks on ETH 2.0, having a 99% success rate for blocks and 1% missed blocks per day. Those staking can receive rewards of up to 23% but can only withdraw once phase 1.5 of ETH 2.0 goes live. However, annual yields remain unknown, and current stakers are not earning any interests

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Bitcoin Mining Soars in Argentina Amid Cheap, Subsidized Energy

May 31, 2021

BTC miners in Argentina are thriving by taking advantage of cheap, subsidized energy.
Countries with low utility rates have been great spots for crypto miners, and the resurgence of capital controls is boosting profits for miners in Argentina. The news was first reported by Bloomberg, later republished in the Buenos Aires Times.
Miners Taking Advantage of Cheap Electricity 
Experts like Nicolás Bourbon, a crypto-miner in Argentina, have said this is an opportunity to take advantage of the new policies implemented by the local government.
“Even after Bitcoin’s price correction, the cost of electricity for anyone mining from their house is still a fraction of the total revenue generated. Miners know the subsidies are ridiculous. They simply take advantage of it.” —Said

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Bitcoin Challenges $40K Again Following Biden’s $6 Trillion Spending Budget Reveal

May 27, 2021

The Biden administration plans to submit a $6 trillion spending budget proposal later this week. Right after the news broke out, bitcoin’s price increased to above $40k but failed to sustain it as of writing these lines. 
According to a report from The New York Times, this budget is part of Biden’s two-part federal agenda and will be spent in the 2022 fiscal year. The total spending could rise to US$ 8,2 trillion.
Bitcoin broke $40,000 shortly after the announcement but has since retraced a bit to the levels it currently trades at. 
BTC/USD. Source: TradingViewAnalysts of the crypto community quickly jumped after the announcement, arguing that Bitcoin could store value against a steeping debt curve.
This is one of those scenarios where fiat currency will be printed again,

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Apple is Headhunting a Business Development Manager With Experience in Cryptocurrencies

May 26, 2021

In a recent job post, the company is now looking for a Business Development Manager for “Alternative Payments” —with experience in several fields, including cryptocurrencies.
The key qualifications require at least five years of experience working in alternative payment providers, such as digital wallets and crypto-assets. Candidates will be responsible for the end-to-end business development and launching of new programs related to FinTech products. 
Apple Seeking Fintech Experts
The job post was published this Wednesday by the WPC (Apple Wallets, Payments, and Commerce) team, which is looking for professionals for emerging and alternative payment solutions.
The publication has caught the crypto community’s attention, which is now eager to know how this will turn out for

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CNBC Includes Ripple In Its 50 Disruptor Companies List

May 25, 2021

Ripple has been included in CNBC’s Disruptor 50 as the #38 of most successful private companies this year —primarily due to its innovative approach towards borderless payment technology and becoming one of the largest crypto companies in the world.
This year’s CNBC’s Disruptor 50 is the ninth annual list of private companies thriving amidst the pandemic and making innovative approaches in their business models and the fields they’re in. Some of the listed companies include unicorns (privately held companies) that have surpassed the 1 billion dollar valuation mark, in which Ripple sits at $10 billion.
Making Waves In Crypto Regulation
Ripple is number 38 on the list, cataloged as “making waves in crypto regulation.” The crypto company has been expanding even during its

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Vitalik Buterin Responds to Elon Musk on Why His Intention to Scale Crypto 10x Is Flawed

May 24, 2021

Ethereum (ETH) Co-founder Vitalik Buterin had some words for Elon Musk after posting on Twitter that Dogecoin could increase its block size by 900%.
Vitalik had several counterarguments for Musk’s claims in a paper published on his personal blog. He emphasised that scalability and higher throughput can be achieved by simply increasing the network’s parameters. However, this could compromise the system to extreme centralisation and completely flip a blockchain’s original concept.
Scaling Doge 10x Is “Fundamentally Flawed”
Vitalik said there are two possible ways to try to scale a blockchain: technical improvements and increasing parameters.
Increasing parameters is “fundamentally flawed,” according to Buterin, as computers running blockchain nodes “cannot spend 100% of CPU

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Illinois to Create Legislation that Would Favour Bitcoin Through Issuing a Digital Asset Charter

May 23, 2021

Illinois will soon become the 3rd state in the U.S. to pass legislation that would favor Bitcoin with a new digital asset charter, which will be granted to a special purpose trust company instead of a traditional bank.
Announced by crypto-advocate and Wall Street Veteran Caitlin Long, Illinois will be the third state, followed by Nebraska and Wyoming, to embrace cryptocurrencies as part of their plans to explore emerging financial technologies.

ILLINOIS abt to be 3rd US state, after #Wyoming & #Nebraska, to create a new #digitalasset charter (IL’s is a special-purpose trust co, not a bank. Unclear if it’ll be authorized to accept US$ deposits–that’ll come out in rules later). Final vote Monday🤞https://t.co/P4mC2x2ZmD
— Caitlin Long 🔑 (@CaitlinLong_) May 21, 2021

Illinois

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11 Years Since The First Bitcoin Purchase: 2 Pizzas Now Worth $365 Million

May 22, 2021

Today is the international Bitcoin Pizza Day! This is a day that many in the crypto community celebrate the 11th anniversary of the first Bitcoin commercial transaction for two pizzas, which cost 10,000 BTC.
On May 22, 2010, Laszlo Hanyecz traded 10,000 BTC for two Papa John’s pizzas in Florida. Years later, they would become the world’s most expensive pizza slices with a price of $365,000,000.00 at press time.
Interestingly enough, they were worth over $600 million when Bitcoin surpassed the $60k barrier on April 11. 
Celebrating Bitcoin Pizza Day
Papa John’s will commemorate the famous transaction by offering 10,000 slices of pizza to the first 50 customers at any of its franchises in Jacksonville. Customers will have a chance to win a large BTC-inspired pizza.
Papa

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Top Bitcoin Mining Pools Are Signaling for Taproot Activation

May 17, 2021

9 out of 10 of all Bitcoin (BTC) mining pools have been signaling for taproot activation, an upgrade that could highly improve network scalability and privacy. However, its activation seems unlikely during the Difficulty Epoch for Bitcoin.
The latest mining pool to signal Taproot activation is BTC. Top, which did so on block height 683,945. Other top mining pools like F2pool and Antpool have previously shown support for the soft fork upgrade, which would give more flexibility to Bitcoin’s smart contract.

🚨 NEW POOL 🚨
Taproot signal by https://t.co/fnM6S6ouD8 in block 683945
— Taproot Signal (@taproot_signal) May 17, 2021

A 90% Consensus For the Upgrade
95% of mining pools were briefly signaling Taproot activation, with the percentage now standing around at 70%. However,

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North Dakota City to Accept Cryptocurrencies for Utility Bill Payments

May 16, 2021

Williston, a city in North Dakota, plans to accept cryptocurrencies for utility bills online payments, becoming the first in the state to adopt crypto assets.
According to City Finance Director Hercules Cummings, the city has partnered with BitPay, one of the largest bitcoin payment service providers in the U.S. Payments will be converted from crypto to fiat in real-time.
Paying Bills with Crypto
The city council would first monitor how citizens respond to crypto payments. Utility bill payments are the only bills available to be paid with crypto.
However, if volume and interest are significant, the city will expand the options by allowing landfills, permits, and licenses to be paid with crypto. 
Individuals willing to do so only have to visit the official website of the

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US State of Louisiana Releases Bill Commending Bitcoin and Satoshi Nakamoto

April 25, 2021

The Louisiana House of Representatives has passed a resolution this week commending Bitcoin for becoming “the first decentralized trillion-dollar asset,” encouraging the state and the local government to consider crypto assets and blockchain technology.
The House Resolution No. 33, signed by representative Mark Wright, praises BTC’s success through the years and its pseudonymous creator, Satoshi Nakamoto, for his “contribution to economic security.”
“BE IT FURTHER RESOLVED that the House of Representatives of the Legislature of Louisiana does hereby commend Bitcoin for its success in becoming the first decentralized trillion dollar asset and encourage the state and local governments to consider ways that could help them benefit from the increased use of this new

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