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STO Platform launches on Wanchain with Oracle Innovation Partner of the Year “Talium”

Wanchain is extremely delighted to announce a partnership with the French securities and software as a Service (SaaS) company Talium with the launch of the first Security Token Offering (STO) platform on Wanchain.

The post STO Platform launches on Wanchain with Oracle Innovation Partner of the Year “Talium” appeared first on CryptoSlate.

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Wanchain is extremely delighted to announce a partnership with the French securities and software as a Service (SaaS) company Talium with the launch of the first Security Token Offering (STO) platform on Wanchain. Before diving into the platform release and technicalities behind it, let’s talk a little about the leading platform partner, Talium.

What is Talium, and who is behind it?

An Oracle Innovation Partner of the Year, Talium was co-founded in 2012 by MIT alumnus François de Chezelles (CEO) and applied cryptography specialist Julien Brodier (CTO). It initially provided traditional software and systems engineering services to multinational corporations in France, including but not limited to CMA CGM, Airbus, Atos, and Amadeus.

Focused on state-of-the-art technologies, it developed blockchain integration expertise along with 15+ projects since 2015, as well as confidential computing in-depth know-how.

Partner of the Year Innovation (Oracle)
Partner of the Year Innovation (Oracle)

Talium was one of the very first to develop and have a consortium blockchain project to go live, thereby implementing a full production-grade decentralized blockchain infrastructure (with Hyperledger Fabric), even before any Blockchain as a Service offer (BaaS) ever existed. This project deployed IoT-based P2P sharing of solar energy for French startup Sunchain. Another project of interest was for French startup BCdiploma, where Talium combined cryptography and a blockchain-agnostic architecture to save certificates directly onto blockchains while enforcing GDPR’s right to be forgotten.

Eventually, Talium developed unique skills to bring added value by combining blockchain with advanced data protection and confidential computing techniques. One such project ended up as an IBM Use Case. The use-case was in close collaboration with IBM’s US Cloud Security R&D team to use Fortanix’s revolutionary runtime memory encryption technology.

This technology simplifies the usage of Intel’s enclave technology embedded in most Intel processors, namely Intel Software Guard Extensions (SGX). Talium could then build a robust, fast, and scalable SaaS software while maintaining at all times strict security of the confidential data, private encryption keys included. This project, conducted for French P2P energy marketplace provider Irene Energy, used the Stellar network to allow near-instant micropayments while having crypto wallets in an “untrusted” cloud environment.

Digital Securities management “Talium Assets”

After having designed, integrated, and distributed several Utility Tokens, Talium started in 2018 the creation of a Digital Securities management framework called Talium Assets. Talium Assets provides investment intermediaries with a tool to build custom marketplaces for the distribution of financial instruments, and issuers with a compliant platform to raise funds (STO) or digitize their corporate governance.

Going forward, aside from the STO platform (which we will go over in a bit), Wanchain has been putting more resources into its suite of private blockchains “Lanchains.” A hybrid system is required to tackle the blockchain scalability trilemma termed by Vitalik Buterin.

The scalability trilemma (decentralization, security, and scalability) reflects the trade-offs or the “opportunity cost” that projects undergo when making structural changes to their blockchains. You cannot have a fully decentralized, fully scalable, and fully secure blockchain network, you have to combine elements from the centralized world with elements from the decentralized world, the new digital economy.

  • Decentralized: No central control point (not the same as the central governing entity).
  • Scalable: Blockchains that can handle vast increases in network growth over time.
  • Secure: Resilient in technical infrastructure, blockchains can combat bugs and other unforeseen events expectedly.

Bridging legacy with blockchain

You might be asking why this is related to the STO announcement. Well, because it is essential to understand why and how we combine these separate worlds (traditional financial world to this new web, 3.0). The decision-makers in the conventional business world are facing increasing pressure from shareholders to invest more in technology as technology is exponentially growing thanks (or no thanks) to what we understand simply as Moore’s Law. Although intel co-founder Gordon Moore did not come up with the term “Moores Law,” it has become a golden rule in our society with time.

Moore just made a statement based on his findings with the intel chip manufacturing over the years. Moore’s law refers to the “number of transistors on a microchip double every two years, though the cost of computers halves.”

Timing is crucial, and we’ve identified security tokens as a significant component of the growing new digital economy. We want to be part of this new revolution from the start and in every capacity. With the increasing technology demands and the pressure we’ve received from partners in Canada and parts of Europe, this security token offering platform is the only the first chapter of the STO book.

As well as inside the space, we have to keep up with new advancements outside of the blockchain industry and lead the way in decentralized finance interoperability. Which also means interoperability between legacy and blockchain systems.

Chapter 1 — The Platform: Wanchain components, and the Off-Chain components

Talium has developed a blockchain-agnostic & modular Security Token issuance solution which integrates all of the tools necessary for a compliant and robust security token issue, including:

  • Tokens “pad” and “designer” dashboard.
  • The security token issuance will happen on Wanchain’s public blockchain. Although not defined yet, we are looking into the WRC1400 standard. Credit goes to Polymath for creating this standard on Ethereum “ERC1400”).
  • KYT — (Know your transaction)KYT is to identify potentially risky transactions and their underlying unusual behavior for detecting money laundering, fraud or corruption.” More granular and trustworthy than standard yearly KYC/AML checks.
  • Integration of crypto and fiat payments, directly or via PSPs
  • Investor documents with completely verifiable-digital signatures
  • A dynamic compliance rule engine

Hold up, not so fast! Can you explain what security tokens are first?

In traditional finance, securities are defined as “ownership in a publicly-traded corporation” or “ownership represented as an option.” So what are security tokens? With the above illustration, a security token is the same, but the ownership information of this investment product stored on a specific blockchain. So Security Token Offerings are very different from Initial Coin Offerings. ICOs gave rise to “utility tokens,” which have a particular purpose and requirement when leveraging tools and decentralized applications on a specific blockchain.

Like in the case of “WAN” or “Wancoin,” it is required for transactions, delegation on the proof of stake platform, setting up smart contracts, deploying new tokens, and for cross-chain transactions and storemen node incentive mechanisms. This is structurally and fundamentally different from a security token, which is an investment product governed by security laws in particular regions and has a dividend structure tied to it. To better understand how STOs differ from IPOs, we will use the illustration below created by Cointelegraph.

Source — How is an STO different from an IPO?
Source — How is an STO different from an IPO?

Now that you have a better understanding of what STOs consists of, we will share some details about the platform launching on Wanchain (which will launch at first on testnet with a mainnet launch shortly after).

Creating an STO operation

Defining the token and operation type (ICO, STO)
Defining the token and operation type (ICO, STO)
Defining the jurisdiction, start, and end date, currency, and capsMinimum and maximum allocations for investors
Defining the jurisdiction, start, and end date, currency, and caps
Choose whether it is a public or private operation
Minimum and maximum allocations for investors
Summary of test-STO 
Choose whether it is a public or private operation
Summary of test-STO
Summary of test-STO

The beauty of this is what we referred to before as “bridging legacy with blockchain”. We are able to issue the security tokens on Wanchain in their WRC14000 standard (or another security token standard, depending on the issuance partner) while keeping all of the investor documentation and details, secure and protected in an off-chain database thanks to Talium’s state-of-the-art security and compliance platform. 

Concrete details about the first STO launches are expected by the end of the year, with a focus on more partnerships and integrations in the STO space in the coming months. 

Aside from this, we have prepared a series of community events with our partner so you can take a deep-dive into what will soon become one of the leading STO platforms in the industry. 

Community Events with Talium

This is the first part of our STO announcement. In the next 3 weeks, we will be hosting various engaging community activities so you can learn more about our partner and the implications behind this launch. 

  • This week: STO Partner description and overview of the STO platform. 
  • 2nd week: Telegram AMA with Talium’s CEO & CTO and Wanchain’s CEO, Jack Lu. 
  • 3rd week: Part 2 of the announcement, featuring more details about the platform and STO use-cases on Wanchain
  • 4th week: Live Zoom demo of the Talium platform by the Talium development team. 

About Wanchain

Wanchain is the infrastructure connecting the decentralized financial world. Wanchain’s live cross-blockchain solution is EVM-based, includes optional private transactions, and provides a decentralized, permissionless, and secure approach for interoperability. Wanchain has employees globally with teams in Beijing (China), Austin (USA), Kuala Lumpur (Malaysia), and Madrid (Spain).

Website | Documentation | Telegram| Twitter | Newsletter | Blockchain Explorer | Developer Portal

About Talium

Talium is a specialist in digital transformation

 projects for enterprises of all sizes. Talium was established in 2012 as a Software as a Service (SaaS) company but since 2015, the company has been developing its competence in blockchain technologies and is now recognized for its unique experience and expertise in architecting, developing, and delivering some of the most advanced blockchain projects in France.

Website | LinkedIn | Twitter

The post STO Platform launches on Wanchain with Oracle Innovation Partner of the Year “Talium” appeared first on CryptoSlate.

Source: https://cryptoslate.com/sto-platform-launches-on-wanchain-with-oracle-innovation-partner-of-the-year-talium/

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LINK Bulls Activate With 12% Daily Increase But Can They Break $12.5 Resistance? (Chainlink Price Analysis)

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LINK/USD – Bulls Form Ascending Price Channel

Key Support Levels: $11.50, $11, $10.50.
Key Resistance Levels: $12.33, $13, $13.50.

LINK bounced higher from the support at $8.77 at the start of October. From there, it started to form an ascending price channel. The coin recently bounced higher from the lower boundary of this price channel as it reversed from the $9.80 support on Wednesday.

Yesterday, LINK pushed as high as $12.33, where it met resistance at a bearish .5 Fib Retracement combined with the channel’s upper boundary. LINK is now trading at $12 as it faces the $12.33 resistance.

linkusd-oct23
LINK/USD Daily Chart. Source: TradingView

LINK-USD Short Term Price Prediction

If the buyers can break the resistance at $12.33 and push above the channel’s upper boundary, the first level of resistance lies at $13. Above this, resistance is expected at $13.50 (bearish .618 Fib), $14, $14.72, and $15.20 (bearish .786 Fib).

On the other side, the first level of support lies at $11.50. Beneath this, additional support lies at $11, $10.50, $10, and $9.80 (lower boundary of price channel).

There is some bearish divergence that could potentially be forming between RSI and the price. It will be important to watch this divergence to see if it plays out over the next few days as it could potentially send LINK toward the lower boundary of the price channel again.

LINK/BTC – Buyers Battling To Reclaim 0.001 BTC.

Key Support Levels: 0.0009 BTC, 0.000868 BTC, 0.00082 BTC..
Key Resistance Levels: 0.00094 BTC, 0.001 BTC, 0.00108 BTC.

Against Bitcoin, LINK is currently trading at the 0.0094 BTC resistance level. The buyers attempted to break above 0.001 BTC earlier in the month but failed miserably. A bearish .382 Fib Retracement level provides the resistance here, and it caused LINK to roll over until support was found at 0.00082 BTC a few days ago.

Since reaching this support, LINK has rebounded higher and is now facing resistance at 0.00094 BTC before it can make another attempt at 0.001 BTC.

linkbtc-oct23
LINK/BTC Daily Chart. Source: TradingView

LINK-BTC Short Term Price Prediction

Looking ahead, once the buyers break 0.00094 BTC, the first level of resistance lies at 0.001 BTC (bearish .382 Fib). This is followed by resistance at 0.00108 BTC (bearish .5 Fib), 0.00112 BTC, and 0.00116 BTC (bearish .618 Fib).

On the other side, the first level of support lies at 0.0009 BTC. This is followed by added support at 0.000868 BTC, the rising trend line, 0.0008 BTC, and 0.00075 BTC (downside 1.414 Fib extension – purple).

The Stocahstic RSI recently produced a bullish crossover signal that allowed LINk to rebound higher.

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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.


Source: https://cryptopotato.com/link-bulls-activate-with-12-daily-increase-but-can-they-break-12-5-resistance-chainlink-price-analysis/

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2020 Presidential Election Structure in Georgia Hit With a Ransomeware Attack

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Local government networks were the target of a recent ransomware attack in a county in the state of Georgia. The key voting infrastructure assault reportedly managed to affect “critical systems” within the network.

The First Ransomware Attack For This Election Season

According to a recent CNN news report, the attack on Georgia’s Hall County was disclosed on October 7, while the aftermath of the hit is starting to emerge now. As per the release “critical systems within the Hall County Government networks” suffered the intrusion and this might be the first ransomware attack for this election season in the United States.

Katie Crumley, a Hall County spokesperson, said that among the affected systems in the county are the signature database, plus a voting precinct map hosted on the county’s website. However, she added that the personnel is now being successful in bringing some of the programs back to operational.

“We are currently bringing various programs back online, and those two items are included in that process,”. However, the voting process for our citizens has not been impacted due to the network issues.” – Crumley added.

As per the news report, the belief is that the attackers didn’t aim to specifically targeted election systems and that several other county functions like phone and email services had suffered as well.

Officials from Hall County report that third-party cybersecurity professionals are working to hasten the recovery.

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More Ransomware Attacks On The Horizon?

The Georgia Hall County ransomware attack has been reported as the first incident to directly strike election-related infrastructure. However, this wasn’t the sole case of such a scale in the last months.

“At least 18 county or municipal bodies have been impacted by ransomware since the beginning of September — about three per week — so it’s very likely that other bodies will be hit in the run-up to the election.” – Said Brett Callow, a threat analyst at the security firm Emsisoft.

Aside from this, ransomware attacks are omnipresent in other countries and companies. In July such an intrusion hit Argentina’s largest telecommunications company Telecom. Back then, the cybercriminals demanded a $7.5 million ransom to be paid with the privacy coin – Monero (XMR).

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Source: https://cryptopotato.com/2020-presidential-election-structure-in-georgia-hit-with-a-ransomeware-attack/

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Crypto Price Analysis & Overview October 23rd: Bitcoin, Ethereum, Ripple, Litecoin, and Bitcoin Cash

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Bitcoin

Bitcoin saw a very strong 13% price increase over the past seven days which allowed it to break above the $13,000 handle. At the start of October, Bitcoin managed to penetrate above a symmetrical triangle pattern which was the first sign that a bull run was about to form.

After the breakout, it managed to push as high as $11,600 before stalling. Last Friday, Bitcoin was trading at around $11,200 as it rebounded and started to push higher. It quickly reached the $12,000 level and broke above here on Wednesday. The coin continued upward until resistance was met at $13,000 – where it currently trades.

Looking ahead, once the buyers break $13,000, the first level of resistance lies at $13,200. Above this, resistance lies at $13,416 (1.414 Fib Extension), $13,500, $13,600, $13,815, and $14,000.

On the other side, the first level of support lies at $12,550 (.236 Fib Retracement). Beneath this, support lies at $12,400, $12,125 (.382 Fib Retracement), $12,000, and $11,800 (.5 Fib Retracement).

btcusd-oct23
BTC/USD Daily Chart. Source: TradingView

Ethereum

Ethereum witnessed a strong 10.5% price increase this week as it climbed above $400 to reach $418 today. Last Friday, Ethereum rebounded from the 2019 high at $264 and pushed higher into the short term falling trend line.

Ethereum went on to break this trend line on Wednesday as it surged higher to reach $400. Yesterday, the buyers pushed beyond $400 to spike into the resistance at $421.50 (1.414 Fib Extension). Unfortunately, it was unable to close the daily candle above the lower resistance at $416 (bearish .618 Fib Retracement).

Moving forward, if the buyers break the resistance at $421.50, higher resistance lies at $434 (1.618 FIb Extension), $439 (August 2018 Highs), and $445 (bearish .786 Fib Retracement). Beyond $450, added resistance lies at $462 (bearish .886 Fib Retracement), and $476.

On the other side, the first level of support lies at $410. This is followed by support at $400, $389 (.382 Fib), $377 (.5 Fib), and $364 (2019 High).

ethusd-oct23
ETH/USD Daily Chart. Source: TradingView

Against Bitcoin, Ethereum has struggled this week. On Tuesday, the coin dropped beneath a symmetrical triangle pattern as it fell beneath the 100-days EMA. It continued lower during the week until reaching support at 0.0305 BTC on Wednesday.

It managed to rebound from the support at 0.0305 BTC as it reached 0.0321 BTC today (100-days EMA).

Looking ahead, if the bulls push higher, the first level of resistance lies at 0.0327 BTC (bearish .236 Fib). Above this, resistance lies at 0.0337 BTC (March 2019 Support), 0.0341 BTC (bearish .382 Fib), 0.035 BTC, and 0.0353 (bearish .5 Fib).

On the other side, support lies at 0.032 BTC, 0.0311 BTC, 0.031 BTC, and 0.0305 BTC. Added support is found at 0.03 BTC and 0.0295 BTC (200-days EMA).

ethbtc-oct23
ETH/BTC Daily Chart. Source: TradingView

Ripple

Ripple saw a smaller 4.7% price increase this week as it trades at $0.0257. The coin managed to break above a symmetrical triangle pattern during the week but failed to close a daily candle above the $0.261 resistance (bearish .5 Fib Retracement). The buyers must close above this resistance for XRP to start a short term bullish trend.

Moving forward, if the bulls manage to close above $0.261, higher resistance lies at $0.271 (bearish .618 Fib), $0.28, $0.286 (bearish .786 Fib), and $0.295 (bearish .886 Fib).

On the other side, support is first expected at $0.25. This is followed by support at $0.245 (200-days EMA), $0.24, and $0.237 (200-days EMA).

xrpusd-oct23
XRP/USD Daily Chart. Source: TradingView

The situation is quite dire for XRP against Bitcoin. The coin dropped from above 2100 SAT at the start of the week as it headed lower to break beneath 2000 SAT and spike as low as 1915 SAT.

The bulls managed to defend the support at 1960 SAT, where the daily candle closed and allowed it to rebound to the current 1983 SAT level.

Looking ahead, if the bulls climb above 2000 SAT, resistance lies at 2035 SAT, 2130 SAT, 2200 SAT, and 2260 SAT.

On the other side, support lies at 1960 SAT, 1915 SAT, 1865 SAT, and 1800 SAT.

xrpbtc-oct23
XRP/USD Daily Chart. Source: TradingView

Bitcoin Cash

Bitcoin Cash saw a 4% price hike this week as it reached the $278 (bearish .382 Fib) resistance today. The coin pushed higher from $240 during the week which allowed it to create a fresh October high at $278 today.

Looking ahead, if the buyers continued above $278, resistance lies at $285 (1.272 Fib Extension), $294 (1.414 Fib Extension), $300, and $307.

On the other side, support is first expected at $270. Beneath this, support lies at $265, $260, $250, and $240.

bchusd-oct23
BCH/USD Daily Chart. Source: TradingView

Against Bitcoin, BCH dropped from 0.022 BTC to reach the September support at 0.02 BTC during the week. From there, it rebounded higher to trade at the current 0.021 BTC level.

Moving forward, if the buyers push beyond 0.021 BTC, resistance lies at 0.022 BTC and 0.023 BTC. Additional resistance is then expected at 0.0241 BTC (bearish .236 Fib), 0.025 BTC, and 0.026 BTC.

On the other side, the first level of support lies at 0.02 BTC. Beneath this, support is located at 0.0191 BTC (downside 1.272 Fib), 0.019 BTC, and 0.0181 BTC.

bchbtc-oct23
BCH/BTC Daily Chart. Source: TradingView

Litecoin

Litecoin saw a serious 12% price increase over the past week as it reached the resistance at $56 today – provided by a bearish .5 Fib Retracement. The coin had found support last week at the $46.83 level and rebounded from here on Wednesday to reach the current resistance.

If the buyers manage to break the resistance at $56 (bearish .5 Fib), higher resistance is located at $57.86, $59 (bearish .618 Fib), $60.27 (1.272 Fib Extension), $61.91 (1.414 Fib Extension), and $63.

On the other side, the first level of support lies at $55. Beneath this, added support is found at $54, $52, $50, and $49.

ltusd-oct23
LTC/USD Daily Chart. Source: TradingView

Against Bitcoin, Litecoin dropped to a fresh 2020 price low this week as it hit the support at 0.00391 BTC. From there, the bulls fashioned a rebound higher to reach the current resistance at 0.0043 BTC (bearish .236 Fib Retracement).

Looking ahead, if the buyers can break 0.00343 BTC, resistance first lies at 0.004547 BTC (October Highs). This is followed by resistance at 0.00455 BTC, 0.00476 BTC, 0.00488 BTC, and 0.005 BTC.

On the other side, support is first expected at 0.0042 BTC. This is followed by support at 0.0041 BTC, 0.004 BTC, and 0.00391 BTC. Additional support lies at 0.0039 BTC and 0.00363 BTC.

ltcbtc-oct23
LTC/BTC Daily Chart. Source: TradingView
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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.


Source: https://cryptopotato.com/crypto-price-analysis-overview-october-23rd-bitcoin-ethereum-ripple-litecoin-and-bitcoin-cash/

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