Adblock to Use Blockchain to Fight Fake News

The expansion called Trusted News, evaluates the integrity and reliability of online news sources and marks the content
14 June 2018   854

Eyeo, the developer of Adblock Plus, a popular adware blocker, launched a blockchain product that helps identify online resources with fake news, TechCrunch reports.

The expansion called Trusted News, evaluates the integrity and reliability of online news sources and marks the content. After adding to the browser, the extension marks reliable sources with a green tick.

According to the developer, Trusted News classifies the sites, relying on four third-party sources - PolitiFact, Snopes, Wikipedia and Zimdars' List. However, it is not clear how many sites the system has classified at this stage.

The extension is currently available only for the Chrome browser, and analyzes only English-language content. It uses the MetaCert protocol, which supports a registry of trusted URLs. This data will be moved to the Ethereum blockchin, and the MetaCert tokens will be used as a protection against manipulation and a system of user rewards.

According to the director Eyeo Ben Williams, the application is designed to encourage users to evaluate sources of information, leaving feedback and comments for which compensation will be awarded.

Now Eyeo is testing the extension to determine its usefulness for users. At the same time, the company refrains from creating a "white list", sites from which will not be evaluated by users.

Binance to Launch BTC-Pegged Own Chain Based Token

In this way exchange wants to transfer crypto based on own blockchains to its ecosystem and  increase liquidity and trading volumes at Binance DEX
17 June 2019   156

In the coming days, Binance Exchange will launch a series of BEP2-tokens, tied to different cryptocurrency rates, on its own Binance Chain blockchain. The first token of this type will be BTCB - its rate is tied to Bitcoin.

BTCB is backed with bitcoins located in Binance reserves. The address for storing bitcoins has already been made publicly available, so that users can verify that the token has the necessary support.

In the future, the BTCB / BTC trading pair will be launched on Binance.com. With its help, users will be able to convert the original cryptocurrency into the Binance Chain token. The price spread in this case will be about 0.1%.

According to Binance, in this way it can transfer cryptocurrencies based on its own blockchains to its ecosystem and currently not represented in the Binance Chain. The company expects the launch of new tools to increase liquidity and trading volumes at Binance DEX.

While this approach is more centralized than atomic swaps, we believe it provides a higher degree of ease-of-use to most traders. And most traders are already trusting Binance.com to hold their funds anyway.
 

Binance Team

To date, Binance has independently reserved 9,001 BTC and released 9,001 BTCB. The BTCB / BTC trading pair on Binance.com will tentatively appear within a day, and an asset will be added to Binance DEX after approval of the relevant offer.