Samsung buyers will receive cashback in bitcoin
The South Korean electronics giant Samsung has added a partnership with the Lolli trading application, which is based on the cryptocurrency. From this moment, Lolli users can purchase various Samsung products (TVs, washing machines, mobile phones) and receive 4.5% bitback doo.
Last month, the company added support for the technical company Garmin and the cosmetic brand Fentu Beautu. In May, the startup completed a round of financing for $ 3 million, in which such well-known companies as Sound Ventures, founded by actor Eston Katech, took part.
Lolli, founded in 2018, began offering cryptocurrency rewards to American Alibaba users as early as November of this year. However, it was found out that the Chinese giant of electronic commerce did not even know about this proposal, since the partner had passed through one of the sub-cores.
When Alibaba found out about the contracts that were smart for itself, Alibaba forbade Lolli to use its trademark in the advertising materials.
Lolli currently supports over 1000 stores, with a service available for US customers. In 2019, CNBC included the project in its Upstart 100 list.
Anonymous GRIN coin fell victim to 51% attack
The privacy-focused Grin blockchain network fell victim to a 51% attack, in which one miner (or group) was able to take over the network to carry out the so-called. "Double-spending attacks". The incident was reported by the mining pool 2Miners. According to 2Miners, an unknown mining entity got about 57% of the hash rate, which allowed him to carry out the attack. In addition, 2Miners had to cease its operations due to fears of refusal to create new blocks.
According to a member of the Grin community, the attacker was able to reorganize the new blocks. Users can see one of the forked blocks at this address. This block was generated by the attacker on November 7 at 23:17 UTC.
“It emerged shortly thereafter that the entity had successfully undertaken major reorganizations, likely in an attempt to double-spend on exchanges. The scale of the attack's success is uncertain, "wrote a member of the Grin community in the official chat.
The Grin team has notified all exchanges of this situation and is working with them to prevent hackers from spending the coins obtained as a result of the fork.
In the past, well-known PoW blockchains fell victim to 51% attacks. For example, in September, a similar attack hit Ethereum Classic. It is not very expensive to carry out a 51% attack on some PoW blockchains with few miners or low hash rates.
According to Crypto51, the current estimated cost of a 51% attack on the Grin network within an hour is only $ 77.
Trading on decentralized exchanges in the third quarter grew by over 1000%
Giant interest in the DeFi market has driven trading volumes on Decentralized Crypto Exchanges (DEX) to all-time highs in Q3 2020.
According to the TokenInsight team, in the reporting period, trading volumes on DEX platforms reached $ 42.6 billion. The increase was more than 1000%, the researchers emphasized.
They linked the current trend to the rapid development of the DeFi decentralized finance market in the summer and fall. In September, the capitalization of the tokens of this ecosystem exceeded $ 12 billion.
Last month, investor interest in DeFi projects weakened, which led to a decrease in the capitalization of this market.
Throughout the third quarter of 2020, there has been an increase in trading activity on decentralized exchanges. On average, DEX turnover grew by more than 140% monthly. Up to half of the total trading volume fell on the UniSwap exchange.
At the same time, the authors of the report note that despite such a rapid growth in the third quarter, the DEX share in the spot market is only 1.24%.
Even if i was Alibaba i will do that for sure 😂😂😂😂