Zurich-based sports technology boutique Blocksport has announced a partnership with Paris-based esports data provider PandaScore.

The partnership will see PandaScore supply Blocksport with its range of live AI-based esports data, statistics and analytical services, to help Blocksport develop and launch esports-focused mobile apps.

Discussing the news CEO pf PandaScore, Flavien Guillocheau, said:

“Blocksport’s mobile app is bridging the gap between fans, sponsors and esports teams. It brings you everything in one hand. We believe in Blocksport – it’s the perfect way for us to deliver the esports data that fans truly deserve.”

While Co-founder of Blocksport, Semih Kaçan, added:

“The partnership with such an innovative data provider strengthens our social sports ecosystem significantly. We are looking forward to a successful partnership with PandaScore.”

PandaScore currently provides data covering League of Legends, Overwatch, Counter-Strike: Global Offensive, Dota 2, and PlayerUnknown’s Battlegrounds, and says it will be adding support for Rocket League soon.

AYO.NEWS says:

Esports generates huge amounts of real-time data, which can easily overwhelm and make for messy, clunky platforms and services, so having access to effective AI-based analytics and data services is critical to those developers looking to build apps that will deliver real-world value to esports fans.

Staying with PandaScore, in September we reported the company had entered a strategic partnership with UK-based multimedia news agency PA Media (read more).

AYO.NEWS says features the opinion of the author and does not necessarily reflect the views of Pentagon Digital Limited.

EY, the giant UK-based auditing firm, has released a new version of its zero-knowledge proof (ZKP) blockchain.

The company says its third-generation ZKP blockchain, which enables data to be distributed between two parties without the need for passwords or associated information, is designed to cut transaction costs by 90%.

Released to the public domain on the Ethereum blockchain, EY says the latest iteration of its blockchain, which can batch combine up to 20 private transfers in a single transaction, and reduces the size of on-chain Merkle trees, will make private transactions on public blockchains more scalable and efficient, reducing transaction costs to just $0.05.

Already available on GitHub, EY says the new version represents a massive 400-fold improvement over its first blockchain prototype unveiled back in October 2018.

Commenting on the released EY global blockchain leader, Paul Brody, said:

“This technology is perhaps the most important EY blockchain milestone in making public blockchains scalable for the enterprise. In the prior iteration released in April 2019, public blockchains were already getting competitive with private networks. With this iteration, we cut the cost per transaction by more than 90% again, making private transactions more accessible for mainstream business application.”

Only yesterday, EY revealed it is almost ready to launch its smart contract and token testing service in beta, with a public beta of the initial version now available for users to review.

The United States Securities and Exchange Commission (SEC) has reached a settlement with Blockchain of Things Inc. (BCOT) for conducting an unregistered initial coin offering (ICO).

Under the terms of the settlement the New York-based startup, which has not admitted or denied the SEC’s findings, will be subject to an order requiring it to cease and desist from violating the registration provisions of federal securities laws, and will have to cough up a $250,000 penalty.

Furthermore, BCOT will have to return the almost $13 million of funds it raised during the illegal ICO to any investors who request a return of the funds. The company will also be required to registered its tokens as securities and file the appropriate periodic reports with the SEC.

Blockchain of Things Inc, ran the initial coin offering to raise funds to develop and implement a blockchain-based platform that would enable third-party developers to create application for messaging, digital asset generation, and digital asset transfer.

Explaining the SEC’s actions, Associate Director of the SEC’s Division of Enforcement, Carolyn M. Welshhans, said:

“BCOT did not provide ICO investors with the information they were entitled to receive in connection with a securities offering. We will continue to consider appropriate remedies, such as those in today’s order, to provide investors with compensation and required information and to provide companies who conducted unregistered offerings with an opportunity to move forward in compliance with the federal securities laws.”

While, CEO of Blockchain of Things, Mr De Castro, added:

“This resolution with the SEC gives Blockchain of Things the path forward to full compliance with the U.S. securities laws and clears the way for Blockchain of Things to pursue its continued vision of bringing to industry, a cost saving, easy to use, powerful blockchain integration technology. Blockchain of Things is thankful that the BCOT token is included in today’s action by the SEC and that we are thereby being given the opportunity to continue to deliver our innovative second layer technology while continuing to participate in the ever-evolving blockchain application space.

“We believe many purchasers of BCOT tokens share our vision of revolutionizing the way business is conducted through blockchain technology, and this action today is an important step in solidifying our compliance and further developing our state-of-the-art 2nd layer Catenis technology platform targeted towards enterprises, entrepreneurs, and developers alike.”

AYO.NEWS says:

Though many would argue the US SECs is being too heavy-handed when it comes to ICOs, it’s good to see it is at least willing to reach settlements with companies that breached laws in a non-malicious way, and offer them a way forward towards compliant operations.

Staying with the SEC and ICOs, just last week we reported that Eran Eyal, founder and former CEO of Shopin, had been convicted of orchestrating a fraudulent ICO after pleading guilty to charges in New York (read more).

AYO.NEWS says features the opinion of the author and does not necessarily reflect the views of Pentagon Digital Limited.

Kraken, the popular San Francisco-based cryptocurrency exchange, has acquired Circle’s over-the-counter (OTC) desk.

Confirming the acquisition in an official blog post yesterday, Kraken said it had acquired “one of the most recognized OTC desks in crypto”, while Sean Neville and Jeremy Allaire, co-founders of Circle, confirmed the company had sold Circle Trade OTC to Kraken.

Kraken said the acquisitions will “significantly bolster” its OTC services, which are run by Wall Street veteran Nelson Minier, allowing it to find new trading partners around the world, particularly in Asia, offer deeper liquidity and tighter spreads across all supported assets, and improve automation and provide more advanced tools for traders.

In a statement Neville and Allaire said they had every confidence that customers would continue to find best-in-class OTC liquidity and responsiveness through Kraken, and that Circle Trade was one of the industry’s “enormous” successes.

Apparently, the sale of Circle’s OTC desk is part of its “sharpened 2020 product roadmap”, which will see the company reduce the complexity of its product portfolio, reorganise its teams, and shift its focus to its stablecoin, the USD Coin (USDC). So far this month, the reorganisation has resulted in about 10 layoffs.

As AYO.NEWS reported a couple of weeks ago, Neville is set to step down as co-CEO in January, but will remain with the company, joining its board of directors (read more).

AYO.NEWS says:

Circle certainly has some major changes planned for 2020, as it seeks to capitalise on the rapidly growing use of stablecoins, so it makes a lot of sense to simplify its portfolio and streamline operations now.

Recently crypto exchange Poloniex, which Circle acquired in 2018, was also offloaded – in large part to ease pressures from US regulators. The exchange, which was acquired by a newly set-up company, then promptly itself acquired TRXMarket, the Tron (TRX) network’s largest decentralised exchange (read more).

AYO.NEWS says features the opinion of the author and does not necessarily reflect the views of Pentagon Digital Limited.

John McAfee, our favourite crypto eccentric, has confirmed he’s putting his individual crypto currency promotions on ice to focus on his 2020 presidential bid campaign.

Yep, he’s really doing it. January will see John McAfee kick off his presidential campaign “in earnest”… even though he openly admits he hasn’t got a snowball’s chance in hell of winning. Still, he sees it as a brilliant opportunity to promote the broader cryptocurrency world to the mainstream.

I’m not backing off from Crypto. I’m backing off from promoting specific coins or projects. It’s the Wild West here in Crypto. Even I cannot properly vet anything in this nuclear explosion of technology, promise and exploitation to the degree that I am comfortable promoting it.

— John McAfee (@officialmcafee) December 14, 2019

McAfee, who is currently living in exile on a boat… somewhere, is wanted in the United States on tax charges – which he says are fraudulent – so campaigning will have to be done entirely remotely.

Mind you, not even living on a boat has kept him out of trouble. Back in July, AYO.NEWS reported that he had been arrested and held for four days in the Dominican Republic – though he was later released without charge and, in typical McAffee-style, even posted selfies taken with his captors on twitter (read more).

In October, McAfee launched his own decentralised exchange, saying it was aimed at freeing people from “governments’ cornerstone of control: fiat currencies”, and adding that there was no way to shut it down (read more).

And, let’s not forget, McAfee is still standing by his, now seemingly far-fetched, prediction that Bitcoin (BTC) will hit $1 million by the end of next year or he will eat his own penis.

When I predicted Bitcoin at $500,000 by the end of 2020, it used a model that predicted $5,000 at the end of 2017. BTC has accelerated much faster than my model assumptions. I now predict Bircoin at $1 million by the end of 2020. I will still eat my dick if wrong. pic.twitter.com/WVx3E71nyD

— John McAfee (@officialmcafee) November 29, 2017

AYO.NEWS says:

We can’t help but love John McAfee. In a world of Trumps and Johnsons, McAfee’s brand of sticking it to the authorities and slightly unhinged freedom fighting is exactly what is needed! So, for the sake of world peace we’re hoping against hope to see a President McAfee unseat Trump, and for the sake of his manhood we’re hoping to see $1m Bitcoin by the end of 2020!

Good luck John, on both counts!

AYO.NEWS says features the opinion of the author and does not necessarily reflect the views of Pentagon Digital Limited.

Major cryptocurrency exchange OKEx has announced users of stablecoin Dai (DAI) can soon earn interest by staking their holdings.

The news was confirmed in an official 17^th December Maker blog post, explaining that users who stake their Dai via OKEx’s in-house mining pool, Pool, will earn 4% interest via the ‘Dai Savings Rate’ (DSR), plus an extra incentive from the exchange itself.

OKEx explained that DSR offers individuals, start-ups and businesses anywhere in the world several benefits, including an attractive return (determined by Maker Governance), no fees or minimum/maximum deposits, and the ability to deposit and withdraw anytime.

When the feature goes live on 23^rd December, OKEx will be the first major trading platform to integrate DSR – which was introduced by Maker the entity behind Dai, just last month. Since launching, DAI holders have already staked around $16 million worth of the stablecoin, which indicates dividends of around $640K.

AYO.NEWS says:

Though this move by OKEx will no doubt up the profile of DAI, and get some more people to buy-in, the stablecoin still has a hell of a long way to go before its even in sight of the daddy of stablecoins, Tether (USDT).

Putting it in perspective, according to stablecoinindex.com, on December 3^rd 2019, Tether saw a trading volume of over $19 billion, while its next closest competitor was TrueUSD at around $118.5m, and Dai was at a comparatively lowly $1.6m. That’s some catching up to do!

Staying with Malta-based OKEx, at the end of October we reported the exchange had joined the Klaytn blockchain project as an ecosystem partner (read more).

AYO.NEWS says features the opinion of the author and does not necessarily reflect the views of Pentagon Digital Limited.