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NEM [XEM] used for CopyRightBank – Cryptography replaces Authority!

Simran Alphonso

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NEM [XEM] used for CopyRightBank: Cryptography replaces Authority!
Source: Pixabay

Over the past week, NEM has been covered in several tie-ups by trading platforms as well as new programs. NEM Blockchain was recently used for the launch of CopyRightBank.

Today, NEM tweeted:

“We are proud to announce that @MyCopyrightBank has officially launched! The NEM community can get a 50% discount with the coupon code NEM50%. Spread the word!”

The information available digitally can be easily stored, transferred, manipulated, and shared. While these are huge benefits of the developing era, it presents the bigger challenge of unauthorized copying, distribution, modification, and use. To eradicate this, CopyrightBank replaced authority with cryptography.

The NEM blockchain technology empowers CopyrightBank as it accelerates trust in the information that it stores. This is because blockchain is a decentralized, distributed ledger that is immutable.

The code running the NEM’s blockchain uses powerful cryptographic algorithms that secures and ensures the integrity of the information. As a result, the digital-fingerprinting, time-stamping, and recording by CopyrightBank can be relied upon.



XEM recently announced its listing on CoinDeal. South Korea’s leading cryptocurrency exchange platform, Bithumb also listed XEM. Listing on India’s BuyUcoin, as well as Hong Kong’s Coinsuper, indicates that NEM is rapidly covering the Asian trading platform market.

At the time of writing, XEM has a trading price of $0.19 and a market cap of $1.7 billion. The coin has seen a fall of 2.36% in the past 24 hours and the weekly cap runs red with 6.20%.





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Simran Alphonso is a Journalist at Ambcrypto. She has a background in Financial Markets and holds expertise in Digital Marketing.

Bitcoin

John McAfee says he will reveal Nakamoto’s identity, Coinbase expands to 11 countries, and more

Priya

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John McAfee says he will reveal Nakamoto's identity, Coinbase expands to 11 countries, and more
Source: Unsplash

Daily Crypto News – April 18

1. John McAfee on Satoshi Nakamoto: The Founder of McAfee Associates stated that he would narrow down on the identity of Satoshi Nakamoto until he reveals Satoshi himself, otherwise he would reveal his identity to the crypto community. He also spoke about how he knows about Satoshi, to read about it, click here!

2. Coinbase expands its services to more countries: The leading exchange platform announced that it expanding its services to 11 more countries, which includes India, South Korea, and New Zealand. People in these countries can avail services provided on Coinbase.com, Coinbase Pro and its app on iOS and Android.

To know more about the countries Coinbase has expanded to, click here!

3. Craig Wright says the crypto-community want to silence him: Craig Wright, the self-proclaimed Satoshi Nakamoto, stated that the majority of the community was against him as they “desire to silence” him because they see someone who would bring an end to scams and pumps and dumps.

He also spoke about the next steps he would be taking in terms of the legal action concerning his defamation case. To read about it, click here!



4. Binance “marks the birth of a new genesis block”: The largest cryptocurrency exchange in terms of trade volume announced the launch of its Decentralized Exchange, and also stated that the mainnet swap would take place on 23 April 2019.

To read more about Binance DEX, click here!





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