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    Cryptocurrency Daily Discussion - May 30, 2020 (GMT+0)

    May 30, 2020

    Cryptocurrency Daily Discussion - May 30, 2020 (GMT+0)

    Daily Discussion - May 30, 2020 (GMT+0)

    Posted: 29 May 2020 05:11 PM PDT

    Welcome to the Daily Discussion. Please read the disclaimer, guidelines, and rules before participating.

    Disclaimer:

    Though karma rules still apply, moderation is less stringent on this thread than on the rest of the sub. Therefore, consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here.

    Rules:

    • All sub rules apply in this thread. The prior exemption for karma and age requirements is no longer in effect.
    • Discussion topics must be related to cryptocurrency.
    • Comments will be sorted by newest first.

    To see prior Skeptics Discussions, click here.

    submitted by /u/AutoModerator
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    Me right now

    Posted: 30 May 2020 12:26 AM PDT

    We will be on that plane someday

    Posted: 29 May 2020 05:05 PM PDT

    JPMorgan Bank Punished for Overcharging Cryptocurrency Purchases

    Posted: 29 May 2020 06:24 AM PDT

    a friendly reminder of all the shit the goldman Sachs has done, you can't trust them.

    Posted: 30 May 2020 12:39 AM PDT

    "I spent ~2 hours of my time trying to pay for one of my VPN services with BTC Confirmation took 2 hours Then because of the fees, total payment was short $4 My mobile wallet has a minimum I can send, so I can't complete the tx We are not anywhere near adoption "

    Posted: 29 May 2020 05:55 PM PDT

    PSA: Stay away from Servo Wallet - The setup file is binded with a trojan

    Posted: 29 May 2020 10:08 PM PDT

    Why is there a direct correlation between crypto knowledge and being an asshole?

    Posted: 30 May 2020 02:24 AM PDT

    During my time getting to know the cryptocurrency communities I have made a major discovery. The deeper you go into the crypto rabbit hole, the more of a self entitled asshole you become with unrealistic visions of being richer than everyone else

    You're not better than other people because you invest in cryptocurrencies, in fact it seems to be having the opposite effect on the community as a whole

    submitted by /u/evil_magic_monkey
    [link] [comments]

    ETH/BTC ratio moving up as Bitcoin holds its ground

    Posted: 29 May 2020 01:17 PM PDT

    An In-Depth Guide to: How do I Fix my Ledger Nano’s Stuck Ethereum Transaction?!?!?! (It’s Been Stuck for Weeks and NOTHING Traditional has Worked!!!!) As Well as: How Do I Choose My Nonce??? I’ve Tried MetaMask, MEW/MyEtherWallet, and Others, but Nothing is Working Correctly!!! I’m Dying by Stress!

    Posted: 29 May 2020 08:11 PM PDT

    So, if you were like me 1-2 months ago, you've probably already gone through 2,or 3, ...or 40 articles and guides that probably say something like:

    "YeP, eVeRy EtHeReUm UsEr WiLl EvEnTuAlLy HaVe ThE LoW-gAs ExPeRiEnCe, YoU'rE nOt AlOnE! DoN't FrEaK OuT tHoUgH; ThErE iS a WaY tO fIx It!"

    Chances are, every time you read another useless article, you want to kill the nearest inanimate object, even though it was never alive in the first place. Nonetheless, you're gonna kill it as much as it can be killed, holding nothing back; or, you're just plotting to and slowly getting closer to executing the plan (and the object) every time you are insulted once again.

    However, if you have the ability to download software (MyCryptoWallet) on a PC, it should be safe to relax now. I think you've finally found some good news, because I am 99.99...% sure this will work for the issue that so many people are having at this time, around the end of the month of May, year 2020.

    More and more people are likely to be having this issue soon, since Ethereum's gas prices have been insanely high lately as well as having 300% price changes in a matter of minutes; Etherscan's Gas tracker is nearly uselessly-inaccurate at this time. I've heard that there's a congestion attack; that was said a week ago, and it appears to be ongoing... (I can't think of any other suspect besides Justin Sun to blame it on... it must be incredibly expensive to overload the blockchain for this long... I may be wrong though...)

     

    Let's begin

    For myself, I was trying to send an ERC20 token when this dreadful issue attacked. Specifically, the token was either BSOV or GRT; I sent them 1 after the other and the first succeeded, and the second one took over a week.

    (They're both great tokens in my opinion and deserve much more attention than they've been getting. BSOV is nearing its 1 year anniversary as I write this, and GRT is still in its 90 day community-development progress test, so of course I'm gonna take this opportunity to "shill" them; they are great tokens with great communities).

    I was able to finally fix it, after a week of mental agony (also the txn finally processed 1-2 hours before I found the solution, robbing me of the gratitude of fixing it myself... (╯‵□′)╯︵┻━┻ ...but now I guess I can hopefully save some of you the headaches that I endured... ) I'm providing the ability to do the same, in a step by step guide.

    Why did I go through all of this trouble? I'd fault the fact that I have ADHD and autism, which in my case can multiply each other's intensity and cause me to "hyper-focus" on things, much much more than most with the same qualities, intentionally or not. Adderall is supposed to give me a bit of control over it, but except for in a very-generalized way, it's still 90% up to chance and my default-capabilities to allow me control over my attention with self-willpower. But also Karma and Moons pls... ʘ‿ʘ

     

    1. In MyCrypto, (I'm using the Windows 10 app, version 1.7.10) you will open to a screen that says "How would you like to access your wallet?". Choose Ledger, of course. (Unless your here for some non-ledger issue? Idk why you would be but ok.)
    2. On the next screen (having your nano already plugged in, unlocked, and opened into the Ethereum app) click "Connect to Ledger Wallet"
    3. A screen overlay should appear, titled: "Select an Address". Here is where it may get confusing for some users. Refer to "AAA" below to know how to find your account. (Geez, sorry lol that was a huge amount of info for a reddit reply; I might've over-elaborated a little bit too much. but hey it's valuable information nonetheless!)
    4. After escaping the "AAA" section, you'll have accessed your account with MyCrypto. Awesome! To find your ERC20 tokens, (slight evil-laughter is heard from an unidentifiable origin somewhere in the back of your mind) go to "AAB".
    5. (You may have decided to find the token(s) on your own, rather than daring to submit to my help again; if so, you may pity those who chose the other path... ~~(￣▽￣)~~) Now, once you've added your token, you should revert your attention to the account's transfer fill-out form!
    6. I'll combine the steps you probably understood on your own, already. Put in the address that your stuck transaction is still trying to send currency to. If an ERC20 token is involved, use the drop-down menu to change "ETH" to the token in trouble. Input your amount into the box labeled... wait for it... "Amount". Click on "+Advanced".
    7. Refer to Etherscan.com for the data you will need. Find the page for your "transaction(txn) hash/address" from the transaction history on the wallet/Ethereum-manager you used to send from. If that is unavailable, put your public address that your txn was sent from into the search tool and go to its info page; you should be able to find the pending txn there. Look to open the "more details" option to find the transaction's "Nonce" number.
    8. Put the nonce in the "Nonce" box on MyCrypto; you will contest the pending txn with a new txn that offers larger gas fees, by using the same nonce. If (but most likely "When") the new transaction is processed first, for being more miner-beneficial, the nonce will then be completed, and the old transaction will be dropped because it requests an invalid, now-outdated nonce. Your account will soon be usable!
    9. Go to the Gas Tracker, and it may or may not provide an informative reading. Choose whatever amount you think is best, but choose wisely; if you're too stingy it may get stuck again, and you'd need to pay another txn's gas to attempt another txn-fix.
    10. At the time I write this, I'd recommend 50-100 gwei; to repeat myself, gas requirements are insane right now. To be safe, make the gas limit a little higher than MCW's automatic calculation, you may need to undo the check-mark for "Automatically Calculate Gas Limit".
    11. Press "Send Transaction"!!!
    12. You will need to validate the action through your nano. It will have you validate three different things if you are moving an ERC20 Token. It's a good idea to verify accuracy, as always.

     

    Well, I hope this worked for you! If not, you can let me know in a reply and I'll try to figure it out with you. I like making these in-depth educational posts, so if you appreciate it please let me know; I'll probably make more posts like this in the future!

    ( Surely this is at least far better than Ledger's "Support" article where they basically just tell you "Yeah, we haven't bothered to make a way to manually select nonces. I guess we might try to make that available for Bitcoin accounts at some point in the future; who knows? lol"... that's not infuriating at all, right?)

     

    AAA:

    Before I tell you how to find your address, I will first make it clear, within the italicized text, exactly which address you are looking for, if you are not already sure:

    You may also skip the text written in italics if your issue does not include an ERC20 token, if you wish.

    Ledger Live can confuse some users with its interface. On LL, to manage an ERC20 token, you first must go to your Ethereum account and add the token. When you then click on the added token under "Tokens" below the graph chart for your account's ETH amount over time, the screen will then open a new screen, that looks just the same, except focused on the specific ERC20 token. To confuse users further, there is then an option to "Star account", which then add the ETH icon with the ERC20 token's first letter or symbol overlapping, onto the easy access sidebar, as if it was another account of similar independency to the ETH account it was added to.

    This improperly displays the two "accounts" relation to each other.

    Your ERC20 holdings (at least for any and all ERC20 that I know of) are "held" in the exact-same address as the Ethereum address it was added to, which also "holds" any Ether you've added to it. You send both Ether (ETH) and any ERC20 Tokens to and from only Ethereum addresses of equivalent capabilities, in both qualities and quantities. In all basic terms and uses, they are the same.

    So, to know what the problematic account's address is, find the address of the Ethereum account it was added to in Ledger Live.

    Now, to find your address on MyCrypto, the most reliable way to find it, that I am aware of, is this:

    Open Ledger Live. Go to the screen of your Ethereum address (again, this is the one that you added your ERC20 token, if applicable. If you're not dealing with an ERC20 token, you may ignore everything I've put in Italics). Click on "Edit account"; this is the icon next to the star that may look like a hex-wrench tool. On the new screen-overlay, you will see "> ADVANCED LOGS". Click on the ">" and it will point down while revealing a drop-down with some data that you may or may not recognize/understand. Likely to be found indented and in the middle-ish area, you will see this line, or something hopefully similar:

    "freshAddressPath": "44'/60'/X'/0/0",

    The "X" will probably be the only thing that changes, and the actual data will have a number in its place; it will not be a letter. Let's now put that line to use in MyCrypto:

    Take the 44'/60'/X'/0/0 , and make sure you DO NOT copy the quotation marks, or that comma at the end either.

    You can do this before or after copying and/or pasting, but drop the second "/0" at the end; it was not necessary in my case, I expect that you won't need it either, and will probably just make MyCrypto see it as an invalid input.

    Okay, now go back to the "Select an Address" screen-overlay in MyCrypto.

    Next to "Addresses", click on the box on the right, and you should be shown a list of options to select from in a drop-down menu.

    Scroll all the way down, and you should find the "Custom" option at the very bottom. Select it.

    A new box will appear; probably directly to the right of the now-shortened box that now displays the "Custom" option that you just selected. This box will offer an interface for typed input. ...yep... once again, believe it or not, you should click it.

    Type " m/ ", no spaces before or after.

    Type in or paste the data we retrieved from ledger live.

    The box should now hold this:

    m/44'/60'/X'/0

    Again, X should be a number. In fact, that number is probably equal to the number of Ethereum (not including any ERC20 wannabe) accounts that you've made on Ledger Live before making the one we're working on right now! (1st Eth. Acc. would have: X = 0, 2nd: X = 1, 3rd: X = 2, ...)

    Make sure you've included every apostrophe ( ' ), and solidus ( / ); there is NO APOSTROPHE for the "m" at the start and the "/0" at the end!

    If you press the enter key or click on the check-mark to the right of where you typed, the appropriate addresses will be generated, and the address you created through Ledger Live should be the first one on the list!

    Select your address and press "Unlock", and you are now accessing your account through the MyCrypto app's interface!

     

    AAB:

    In order to access your ERC20 token, you will need to add them first.

    You may have to scroll down, but on the right-side of your unlocked account screen, you'll see a box with "Token Balances" as its header.

    Click "Scan for tokens". This may take a short bit of time, and when it's done it may or may not display your ERC20 token. If it worked, you can head on back to the main part.

    If you got the result I did, it won't display your token, or, if our result was exactly the same, it won't display any at all. However, you should now have the "Add Custom Token" option available, so see where that takes you.

    You should discover four boxes, specified in order (Address/ Decimals / Token_Symbol / Balance). You may only need to fill in the "Address" box, but if you need to fill others, you'll find those with the token's address; here's 2 ways to find it, if you don't already know.

    Method I:

    Since you've probably already been managing your token with Ledger Live, you can go to the LL screen of your "account" for that token; Right next to the account's icon, and directly above the name, you'll see:

    Contract: 0x??????...????????

    Yes, go on; click it. You'll find the token's page on Etherscan; this was just a shortcut to the same place that both of the two previously referenced methods lead to. Skip to method... III?

    Method II:

    Go to Etherscan.com, or a similar Ethereum-blockchain-monitoring website, if you have a different preference. Search for the name of your token, and you should be able to see it as a search result. Activate your search manually of by selecting search option. Continue on with Method III.

    Method III (Iⅈ what makes you think there was a third method? I said 2!):

    At this point, you should find the "contract address" somewhere on the screen. This is the identity of the creature that breathes life into the token, allowing it to exist within the world of Ethereum. Steal it, and tell MyCrypto that you've left some of "your" tokens in the address of your ledger's Ethereum account. MyCrypto will trust and believe you without any concern or doubt, just by putting "your" contract address in the box for "Address"; it's almost too easy!

    Well whaddya know, this one isn't actually too long! Don't tell anyone who may have taken a little longer whilst finding out how to do it themselves, though. There's value in trying to do something on your own, at least at first, so I'll let them think they made the right choice (¬‿¬). But take this star for humbling yourself enough to seek further help when you need it, since that is a very important life skill as well!

    (o゜▽゜)o☆

    Now, back to the useful stuff at the top...

     

    EDIT: A comment below made me realize that this info should be added too. Here is my reply to the comment saying I could just use MetaMask. I said in the title that this guide is for questions where MEW and MetaMask aren't working, but I guess it's easy to miss. I used my u/caddark account to respond:

    (Using this account because u/caddarkcrypto doesn't meet the karma/age standards to comment; the post had to be manually approved.)

    I guess I didn't make it entirely clear; sorry:

    The target audience for this guide is anyone with a stuck Ethereum transaction that was initiated through Ledger Live AND are experiencing the same difficulties I had encountered while trying to fix this issue for myself.

    This wasn't any regular stuck Ethereum transaction. Apparently before, there was an issue that made a Ledger Nano nearly impossible to connect to MetaMask (which is also Brave Browser's integrated "crypto wallet" for the desktop version) and/or MEW (also perhaps any other browser wallets made for chrome and/or brave) that I heard was supposed to be fixed in a recent update. It might've been mostly patched, idk, but during my experience, (in which I was using the latest version of Ledger Live that is available right now,) that issue still remained.

    The really weird part was that it successfully connected to the browser wallets again after I fixed the stuck transaction. At first I thought that somehow the txn was what was bugging the connection. However, later, during no txn issues, I was again unable to connect.

    Seeing the same connection error again later, I opened up the MCW app I downloaded the day before, and was going to just use that. While in the process of operating MCW, I suddenly had another idea to try for the browser wallet so I went back to that just to quickly test it.

    The browser wallet worked perfectly...

    I don't know how, but I think that somehow, something in MCW's software, makes the browser wallets work. They don't work for me without having MCW opened in the background first.

    EDIT 2: Markdown decided to stop working after I did the first edit... I might fix it tomorrow... how did that happen though??? What did I do?

    EDIT 3: nvm, I'm just fixing it now; I won't get much sleep tonight I guess.

    submitted by /u/CaddarkCrypto
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    Coinbase Pro volume celebrates listing MKR?

    Posted: 29 May 2020 04:54 PM PDT

    DeFinitely 6 - The week in DeFi

    Posted: 30 May 2020 12:24 AM PDT

    Maerki Baumann & Co becomes third Swiss bank in a month to support XRP trading and custody

    Posted: 30 May 2020 12:20 AM PDT

    Can't Tether be forced to be Audited?

    Posted: 30 May 2020 03:49 AM PDT

    ​

    ​

    In the U.S - if there's a small suspicion of manipulating stockmarket, inside trading, ponzy schemes or such, the FBI and SEC are all over it in a second

    ​

    Everyone in the crypto world rightfully suspect that Tether is not fully backed and manipulates the crypto market.

    ​

    90% of Tether's terms of service is saying that "investors" should know their money is in constant risk and they are not to be blamed whatever happens.

    ​

    Millions of U.S citizens and worldwide users hold and use USDT and the day this house of cards fails, these users will be left with 0$ and their money basically stolen + there will be an earthquake in the crypto world that will affect everyone since its the 3rd most traded asset and one of the only ways people use to trade BTC / ETH.

    ​

    With all that information known to all, Tether refuse to be officially audited and probably there is a reason for that.

    ​

    being a online hero knowing something bad going to happen is not enough, we as a large community might have the power to do something about it

    ​

    I don't know logistically how it can be done but this subreddit alone have 1 Million members, can't we all sign some online petition and contact relevant U.S authorities with this concern so maybe for once authorities will work in our favor and check / investigate / force Tether to be audited to verify if they do or do not have this money backed before everything blows up in our faces?

    submitted by /u/cnvoaeas
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    Algorand Inc.'s Sean Ford on blockchain and its power to totally disrupt the financial services industry

    Posted: 29 May 2020 01:55 PM PDT

    CME Bitcoin Open Interest Reaches New High Prior to May Contract Expiry

    Posted: 29 May 2020 07:51 PM PDT

    Behind ‘Prime Broker’ Buzzword Lies a Complex Strategy Game for Crypto Firms

    Posted: 30 May 2020 01:38 AM PDT

    Open Source Money [OFFICIAL] Trailer

    Posted: 29 May 2020 03:45 PM PDT

    Ethereum balance on exchanges hits 3-year high as price surges

    Posted: 29 May 2020 11:23 AM PDT

    Bismuth mobile Wallet support

    Posted: 30 May 2020 03:03 AM PDT

    Is there a video our there that I can share so my parents understand crypto?

    Posted: 29 May 2020 02:31 PM PDT

    I'm looking for a video that my parents can watch that will help them get their head around crytpo. Any suggestions? They are interested, but I'm just not able to articulate it in a way that they understand. TA

    submitted by /u/T-888
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    In Trump Versus Twitter, Decentralized Tech May Win

    Posted: 29 May 2020 08:04 AM PDT

    Make your own stakebox. Ultimate beginners guide how to compile any wallet on AARCH64 (Raspbery pi and other SBC)

    Posted: 29 May 2020 02:04 PM PDT

    I contemplated to wrote this for a long time, so it's finally time.

    As you know a lot of altcoins uses PoS (Proof-of-stake) way of "mining" coins. Which basically means, that you hold coins on your unlocked wallet and you are receiving stakes as a reward. This requires very little power and it can bring you a lot of rewards, at just 10W from the wall.

    So first I am using latest Raspbian on RPI4B 4GB in this example.Setting up Raspbian is not part of this process since it's very well documented. I recommend to change user from pi to something else due to security concerns and you can also do other stuff just search "security Raspberry PI" and you find a lot of articles, but this is not the focus of this guide.

    I know there are a lot of guides on the internet, but I am using like 5 sources, so it's compiled what other people wrote and some of my research.

    I am using AnyDesk insted of SSH or VNC server, because it works it's ligthweit and it just works.

    So after you see the gui of Raspbian, just launch terminal (CTRL + ALT + T) and do basic thing:

    sudo apt-get update && sudo apt-get upgrade

    Than press Y and let it run, after is finished, we need to prepare so dependency packages. Since most of the wallets using Berkeley DB 4.8 we need to obtain it.

    So in terminal wrote:

    cd cd Downloads wget http://download.oracle.com/berkeley-db/db-4.8.30.NC.tar.gz tar -xzvf db-4.8.30.NC.tar.gz cd db-4.8.30.NC/build_unix ../dist/configure --enable-cxx make sudo make install

    So wait unti it's finished and than you can delete files in Downloads folder in gui or use:

    sudo rm -r [folder]

    So next thing we need to install some libraries.

    sudo apt-get install git build-essential libtool autotools-dev autoconf pkg-config libssl-dev libcrypto++-dev libevent-dev libminiupnpc-dev libgmp-dev libboost-all-dev devscripts libdb++-dev libsodium-dev

    And pres y and let it run. After that another set of libraries:

    sudo apt-get install libqt5gui5 libqt5core5a libqt5dbus5 qttools5-dev qttools5-dev-tools libprotobuf-dev protobuf-compiler libcrypto++- dev libminiupnpc-dev qt5-default

    And then again pres y and let it run. Some wallets need older version of libssl1.0-dev, so for for safe compiling we install that as well:

    sudo apt-get install libssl1.0-dev

    Pres y and let it run. Warning don't use sudo-apt get autoremove, since it would wipe this package, since it's old.

    Next thing we are going to obtain Bitcoin PPA filest, which can be done like this.

    cd /etc/apt/sources.list.d/ sudo nano bitcoin.list

    Paste this in there:

    deb-src http://ppa.launchpad.net/bitcoin/bitcoin/ubuntu artful main

    And CTRL+X and than y, then do this:

    sudo apt-key adv --keyserver hkp://keyserver.ubuntu.com:80 --recv C70EF1F0305A1ADB9986DBD8D46F45428842CE5E sudo apt-get update

    So now we are ready for compiling. So we are going create folders. CD yourself where this folder should be situated, if you for example have plugged in some external drive. Then:

    mkdir Crypto cd Crypto

    And then we have to choose wallet which you want to compile. I am choosing Streamies (STRMS) as an example, since it's pretty good coin for staking. So:

    mkdir Streamies cd Streamies

    Then go to the github page and click on the green button on the left and click copy to clipboard, which gives you git link.

    git clone https://github.com/Streamies/Streamies.git

    Watch the output folder which it creates, it's stated in the first two lines and copy then by highliting the text and CTRL+SHIFT+C copy it to your clipboard.

    cd Streamies (this is that git created folder) ./autogen.sh ./configure CPPFLAGS="-I/usr/local/BerkeleyDB.4.8/include -O2" LDFLAGS="-L/usr/local/BerkeleyDB.4.8/lib" sudo make (this could take hours) sudo make install

    And you are done, files is going to be in folder /usr/local/bin (DO NOT delete git created folder, because you are going to need it for faster compiling, when wallet get's and update.)

    cd /usr/local/bin

    Now you can list files by:

    ls

    And then you can copy/move them where ever you want by using:

    sudo mv * [destination full path]

    Let it run and go back to folder where you move those files.

    sudo chmod +x streamies-qt (since we want to run wallet)

    In most cases compiled files are going to in format of "shared library" so we need to create script to run it. Open up a text editor from gui or through nano. And paste this to that file:

    #!/bin/bash ./streamies-qt

    And save it as a sh file, for example run.sh. Then we need to make it runnable so:

    sudo chmod +x run.sh

    Now to run it, it's just:

    ./run.sh

    And here we are glorious GUI wallet appears and you are done, you can paste blockchain, wallet.dat from other sources, so this migration is pretty easy and you, if you have it on for exaple flash disk.

    So this is basic how to compile QT wallets on AARCH64. I am running 7 wallets, 2 of those are Masternodes and RPI 4B 4GB would handle way more, I am at best on half of my RAM.

    Some wallets need more package, but it's not much of and issue, since compiling stops and you just copy paste nape which is missing put it in the google and add "apt-get" after the name of package and you are going to see, what is the name of the packages so it can be retreived from package assinstant aka apt-get. So basically:

    sudo apt-get install [package name]

    Then press y and again wrote:

    sudo make

    This process is going to continue where it was left off, so nothing is going to run from beginning.

    Updating wallets is basically exactly same, just repeat steps from "git clone" and after that proceed as it was written above.

    So I hope this helps some of you, to use this at home and not on some VPS, if you are anxious as me, to host my wallets on remote server.

    submitted by /u/M1chlCZ
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    South Korea’s largest crypto releases its Blockchain Transmission Protocol enabling cross-chain interoperability!

    Posted: 29 May 2020 07:14 AM PDT
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