CoinspeakerSGInnovate and Accredify Apply Blockchain to Manage COVID-19 Data in Singapore With the spreading coronavirus second wave, Singapore decided to apply blockchain technology for timely health data collection and surveillance. For that purpose, Singaporean government-owned investment firm SGInnovate and startup Accredify have jointly developed a blockchain-powered Digital Health Passport. This app allows the storage of personal medical data in a blockchain-secured digital wallet. The work on the app began in May. Built on the Open Attestation platform, an open-sourced framework for notarizing documents with blockchain, the app digitizes medical documents for distribution. Besides, it provides personal SingPass accounts for users. They will also receive unique badges while obtaining the necessary COVID-19 documents required by the country where they travel to. Authorities can scan the document’s QR code in the app to verify authenticity. SGInnovate explained: “Digital Health Passport leverages blockchain...

CoinspeakerEthereum 2.0 Spadina Testnet: Technical Error and Low Participation The quest for the transition to Ethereum 2.0 suffered a setback as developers were unable to successfully launch the Spadina testnet, which is supposed to be a prelude to that gives programmers the insight on how the ETH 2.0 chain would pan out. According to Danny Ryan, a lead developer in the project, the Spadina testnet ran into a hitch as a low number of validators could participate due to some technical errors found prior to the launch that was supposed to take place on September 29. Spadina is distinct from another testnet, Medalla already in progress for Ethereum 2.0. The essence is to simulate for the Ethereum blockchain, how it could successfully transition from a proof-of-work platform to proof-of-stake. The proof-of-stake migration for the second largest blockchain platform would ease...

CoinspeakerSymblox Is Building Platform for Synthetic Crypto Assets on Velas Blockchain  Symblox has revealed that it will be building on the Velas artificial intelligence-powered blockchain platform. The solution it is developing will feature attractive protocol mining opportunities via the SYX governance and utility token. Symblox is a defi project building a decentralized cross-chain synthetic assets issuance and trading protocol.  Synthetic assets can be broadly defined as all kinds of financial instruments that represent other underlying assets in one way or another. These assets represent a lion’s share of the global financial markets, dwarfing the trading of equities. Examples of synthetic assets in the crypto space include stablecoins, crypto derivatives and security tokens, among others.  Supercharging Defi by Boosting the Permissionless Creation and Trading of Synthetic Assets The ultimate goal of Symblox is to use blockchain and smart contracts to greatly expand the reach of defi and let users worldwide readily obtain exposure...

CoinspeakerCred and Algorand to Bridge Decentralized Finance and Traditional Financial Services With New Earning Capabilities Cred, a licensed California-based lender and a leader in crypto backed lending and borrowing services, and Algorand, the world’s first open source, permissionless, pure proof-of-stake blockchain, today announced several strategic initiatives to advance decentralized financial services for the Algorand community. With a strategic investment in Cred by Borderless Capital, Cred is poised to amplify its offerings on Algorand and support new product development designed to provide customers with significant yield opportunities. Through Cred’s unique ability to generate yield through DeFi and CeFi channels, users will benefit by earning fixed rates of interest at a highly competitive rate across Cred’s partner network, and can receive even higher rates when they stake Cred’s LBA token. No account minimum is needed and interest is paid out in the...

CoinspeakerFacebook Investor Funds Back Palantir and Asana with NYSE Direct Listing Launch Software companies Palantir and Asana are going public through direct listings on the New York Stock Exchange. Launching today, September 30, the direct listing process will allow existing Asana and Palantir shareholders to sell stock to the public, unlike the traditional listing method. Also, the direct listing will allow the tech companies to sell shares without underwriters. As both companies are taking the same approach to go public, Palantir and Asana also have other things in common. The software makers are backed by investors who made billions from Facebook Inc (NASDAQ: FB). Palantir’s co-founder Peter Thiel was the first investor in Facebook. When the social media network was founded in 2004, Thiel invested $500,000. When Facebook went public in 2012, the investor sold 16.8 million shares to make nearly...

CoinspeakerF Stock Fell 1.35% Yesterday, Ford Lowers Price for All-Electric Mustang Mach-E to Stay Competitive Ford Motor Company (NYSE: F) stock price dropped 1.35% yesterday to close the day trading at $6.60. F stock continues experiencing sell pressure amid the ongoing coronavirus pandemic and the increased competition, especially in the electric vehicle industry. The company is competing with Tesla Inc (NASDAQ: TSLA) and Chinese companies that have significantly ventured into the electric vehicle industry. Hereby, Ford stock had dropped approximately 29.03% in the past nine months. However, F shares were up approximately 10.37% in the past three months. At the time of writing, the company had a market capitalization of approximately $26.62 billion with 3.91 billion outstanding shares. In its Q2 report, the company revealed an Adjusted EPS loss of 35 cents per share versus a loss of $1.17 per...

CoinspeakerAlibaba Cloud Division Poised to Generate Profit in Fiscal Year Ending 2021 Alibaba Group Holding Ltd (NYSE: BABA) expects its cloud business to yield profit in a few months. Specifically, the company expects profit for the first time in the current fiscal year, which began in April. On the 30th of September, Alibaba chief financial officer Maggie Wu Wei revealed expectations for profits in the company’s cloud business. While speaking at the company’s webinar for investors, Wu said the gain should come in before the end of the current fiscal year in March 2021. Alibaba Expects Profit in Cloud Business In addition, the chief financial officer said that Alibaba’s logistics company, Cainiao Smart Logistics Network Limited, would equally pull in profit. She noted: “We are redefining cloud computing to integrate data with commerce and business use cases, so as to...

CoinspeakerMRNA Stock Rises 3% in Pre-Market, Moderna Vaccine Study Reveals Positive Immune Response Following a research study published in the New England Journal of Medicine which shows that Moderna Inc (NASDAQ: MRNA) COVID-19 vaccine generated similar neutralizing antibodies in older and elderly adults at levels comparable to those in younger adults. Moderna (MRNA) is one of the top pharmaceutical companies in a frantic race to land authorization for the COVID-19 vaccine it’s currently developing and per the report, the finding has caused a soothing relief as many feared that successful vaccines may not be as effective in older adults due to a more weakened immune system. The researchers were from Emory University in Atlanta and the research included two groups of 20 people each, one made up of people aged 56 to 70 and one of the people 71 and...

CoinspeakerXRP Ledger Foundation Dispels Rumor: Ripple Is Not Going to Abandon XRP The newly founded XRP Ledger foundation has now come out to deny rumors about abandoning XRP as the main token. The foundation made it clear that they have no intention of investing in the XRP Ledger development in the near future. On September 24, XRPLF spokesman Bharath Chari denied the rumors going on during an interview with Forbes. He said that the newly formed foundation does not have ambitions to take over the non-circulating XRP supply from the primary platform. The rumors about controlling ripple’s token supply emerged within the XRP community right just after the foundation came into existence. The newly formed foundation aims to be a vehicle for driving innovation, growth, and development of the XRP Ledger as well as its community. Therefore, such notions have...

CoinspeakerHAS Stock Rises 4% as Hasbro Unveils New Products Including GhostBusters, Transformers Hasbro Inc (NASDAQ: HAS) stock jumped 3.82% on Tuesday to close the day trading at $81.24. During Wednesday’s premarket, the company’s shares were trading around yesterday’s close but down approximately 0.10%. The jump is attributed to the Hasbro news that it has released a line of new products that were unveiled during its Hasbro PulseCon. Some of the new products include Transformers inspired toys and those inspired by GhostBusters. The company indicated in its official webpage: “Transformers fans have a number of new action figures to collect”. Although Hasbro Inc. is a family setup oriented company, its shares have not bloomed during the initial phase of the pandemic as observed with other stock markets like Tesla Inc (NASDAQ: TSLA) and pharmaceutical companies. According to figures provided by MarketWatch,...

CoinspeakerDavid Guetta Partners with Social VR Platform Sensorium Galaxy One of the most popular DJs, record producers, and songwriters David Guetta has joined Sensorium Galaxy — a social VR platform that unites various conceptual worlds in a single virtual environment. World famous DJ & producer, @DavidGuetta, joins #SocialVR platform Sensorium Galaxy! The Artist will hold exclusive performances in PRISM world as an accurate virtual version of Guetta will be created! Check out our announcement: https://t.co/ni5oGEZrww pic.twitter.com/srAES32GpA — Sensorium Galaxy (@SensoriumGalaxy) September 29, 2020 Sensorium Galaxy is a new social VR platform that strives to revolutionize the way people interact with each other and experience the arts. Backed by world-known artists, producers, and entertainment companies, the platform positions itself as is an alternative reality for open and safe communication, creativity, and limitless self-expression. It is a new world, free from the...

CoinspeakerBinance Introduces ALPHA on Its Launchpad and Launchpool Platforms Cryptocurrency exchange Binance has announced the launch of Alpha Finance Lab (ALPHA) on both its Binance Launchpad and Launchpool platform, commemorating its first-ever double launch on them. Binance has been unstoppable in showing its new projects on the Launchpad platform as well as on the Launchpool medium launched earlier this month. According to the announcement made, the launch of the Alpha Finance Lab’s token (ALPHA) will follow a lottery format similar to the earlier tokens on the Launchpad platform including The Sandbox, Troy amongst others. ALPHA lottery-styled token sale commenced on September 30 and will run for approximately 8 days in which users are expected to hold Binance Coin (BNB) for that period of time. The final BNB holding amount for each user will be determined as the average of the...

CoinspeakerCross Finance Enables Cross-Chain DeFi on Binance The Decentralized Finance alias DeFi has experienced an astronomical growth in the first year of launch. Notably, Defi projects that run on the Binance ecosystem are poised to explode further since the Binance chain offers a more scalable network than what is offered in the Ethereum network. DeFi Ecosystem in Different Blockchains The Binance developers team tirelessly laid down a strong foundation capable of holding large data at a huge throughput. “Binance Chain is a very simple chain in terms of application, but it can handle very large loads. It is our opinion that the load is more important than the features,” Binance CEO Changpeng “CZ” Zhao stated during its launch. Binance Smart Chain comes with an Ethereum Virtual Machine-compatible environment, which allows Solidity developers to move into the new chain with almost...