Binance Labs Leads Audius $ 1.25M Funding Round
The blockchain incubator Binance Labs has become the main investor in the Audius decentralized streaming protocol, which has raised $ 1.25 million in funding.
The startup is developing a platform for the distribution, broadcast and monetization of audio content.
Audius has an audience of 750,000 active users. More than a million streams with 100 thousand tracks are released on the platform every month.
The native AUDIO token is designed to ensure the security of the platform. It allows access to the management of the service and its additional functions, for example, closed content and artist tokens.
“We want to create the future of streaming, in which artists can monetize their creativity, and active users will participate in the development of the platform,” says the Audius team.
To further promote the ideas of decentralization, Audius began collaborating with the popular DJs deadmau5, 3LAU and RAC.
“Binance supports Audius in its quest for mass adoption of cryptocurrency and blockchain,” said Wei Zhou, head of Binance Labs.
The raised funding will allow developers to develop the concept of the project and launch new functions in the coming months.
Alibaba Founder Jack Ma: The Future Of Digital Currencies
Alibaba Group founder Jack Ma believes digital currencies will play a special role in the new global financial system. With such a statement he made at the summit in Shanghai, reports Bloomberg.
“Digital currency can create value. We need to think about how to establish a new type of financial system using digital currency, ”he said.
Ma did not explain which digital currency he meant, but the crypto community has already appreciated his words. Binance CEO Changpeng Zhao called Ma's speech "delightful," adding that the founder of the global e-commerce leader "talked a lot about cryptocurrencies and the future." Ethereum co-founder Vitalik Buterin asked Zhao exactly how Ma's words should be translated, to which he replied: "Depends on the interpretation."
Quantstamp auditor says Ethereum 2.0 is ready for launch
The Ethereum 2.0 update is almost ready to launch, auditing firm Quantstamp said. She came to this conclusion after checking the Teku client, developed by the ConsenSys studio.
"Ethereum 2.0 is poised to enter phase zero in the very near future," said Quantstamp CEO Richard Ma.
The developers recently reported that they will not be able to launch the deposit contract until mid-November. However, they still expect to have a Phase 0 release of Ethereum 2.0 by the end of the year. “The community wants to launch phase zero in 2020 and not a day later. The task is set, let's implement it ”, - said earlier Ethereum 2.0 researcher Justin Drake.
“The client teams have spent countless hours collaborating, testing and working with auditing firms to make sure the Ethereum 2.0 fundamentals are ready for launch,” added Ma.
Teku's audit consisted of calling consensus rules and executing the code responsible for rewarding and penalizing the node holders. Quantstamp praised Teku's "highest quality" code. The company made several comments, to which the team responded promptly. They concerned the absence of restrictions on the number of incoming messages in the queue, which could lead to a DDoS attack on the nodes, as well as errors that led to the loss of client synchronization, and gaps in the validation logic.
Monero price hits 2-year high
Monero (XMR), a privacy-focused cryptocurrency, continues to rise in value despite continuing regulatory issues
On October 26, the price of the cryptocurrency rose to $ 139, which is the highest level since September 2018. Based on the calculation of this year, then since its beginning, the price of Monero has increased by 200%. In the last 7 weeks alone, XMR has grown by over 50%.
A month ago, the IRS announced an award to anyone who can develop solutions to track Monero transactions.
"The IRS wants to achieve the same level of understanding about Monero as it does about digital dollars in bank accounts, but cryptographers and researchers will always be one step ahead when it comes to privacy," said protocol developer Riccardo Spagni.
Earlier this month, European Union law enforcement agency Europol released a report titled “Organized Internet Crime Threat Assessment in 2020,” which identified privacy-focused, popular cryptocurrency wallets and other technologies as top threats.
It is likely that, amid the growing overall market, regulatory oversight has drawn additional attention to Monero.
“Speculators and algorithmic traders seem to have contributed to the rise in the price of Monero,” said David Jevans, CEO of analyst firm CipherTrace.
