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Cryptocurrencies are still positive but off earlier AM highs, Samsung has announced it's developing a blockchain platform for mobile bank apps in South Korea

Aug 27, 2018

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Top 5 Cryptocurrencies sorted by 24 hour Volume

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Name Ticker Price 1H %Chg 24H %Chg 7D %Chg Market Cap Volume
Bitcoin BTC USD$6754.07 -0.02% 0.45% 5.09% USD$116,404,761,059 USD$3,634,230,081
Ethereum ETH USD$278.22 -0.18% 1.01% -2.24% USD$28,265,180,170 USD$1,301,805,889
EOS EOS USD$5.19 -0.23% 4.8% 3.87% USD$4,703,067,360 USD$504,717,962
Dash DASH USD$157.53 0.89% 10.7% 6.94% USD$1,304,543,988 USD$277,163,671
Bitcoin Cash BCH USD$530.11 -0.08% 1.5% -1.23% USD$9,179,538,958 USD$275,929,455

Top 5 Cryptocurrencies sorted by 24 hour Price Percent Change

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Name Ticker Price 1H %Chg 24H %Chg 7D %Chg Market Cap Volume
NEO NEO USD$19.78 0.13% 12.47% 9.01% USD$1,285,469,964 USD$73,109,964
Dash DASH USD$157.53 0.89% 10.7% 6.94% USD$1,304,543,988 USD$277,163,671
VeChain VET USD$0.02 -0.42% 9.92% 21.64% USD$922,733,467 USD$45,847,200
OmiseGO OMG USD$4.07 0.09% 6.85% 5.24% USD$570,933,833 USD$17,212,260
IOTA MIOTA USD$0.61 -0.74% 6.77% 15.76% USD$1,684,632,464 USD$75,099,235

Crypto News

  • Blockchain patents are meaningless according to Michael Wuehler, a former VP at Bank of America.  According to Wuehler, Bank of America’s patent applications don’t mean much and serve to build the perception that the bank is active in the space. 
  • Cryptocurrency miners are taking advantage of inexpensive electricity costs to set up shop in Fukui, Japan and small towns in the US.  Acutely aware of their loud rigs, cryptocurrency mining companies are moving their operations to rural regions of the US.  As an example, Wenatchee, Washington is now home to large sets of computer servers that are busy mining cryptocurrencies. 
  • Mati Greenspan, CEO of UK-based eToro, believes the SEC decision to reject the recent applications for a Bitcoin ETF last week suggests that the application will remain rejected independent of the current review of those decisions.   
  • Fujitsu, the Japanese ICT conglomerate, is launching an IOTA-based proof of concept (PoC) audit trail processes.  The company hopes to use the IOTA protocol across industrial production environments and supply chains with the goal of improving transparency, data trust and data security. 
  • Japanese Bitcoin Mining Firm GMO has informed investors that it has stopped mining Bitcoin Cash. 
  • The Monetary Authority (MAS) and the Singapore Stock Exchange (SGX) are working with technology firm Anquan, Deloitte and Nasdaq to develop a Delivery vs. Payment platform for tokenized assets.  The platform will be able to simultaneously transact the securities asset being traded with the funds being used to pay for it. 
  • Red Hat, the cloud computing company, is exploring using a blockchain-based system to track software usage. Red Hat applied for a patent application with the US Patent & Trademark office.   
  • Russian air carrier S7 airlines is partnering with Gazprom Neft, the Russian state-owned oil giant, to use blockchain smart contracts for aircraft fueling at the company.  S7 hopes to use the blockchain technology to increase efficiency of fuel deliveries and payments as well as improving the refueling process at airports.   
  • SDS, a subsidiary of South Korea tech conglomerate Samsung, has developed a blockchain-based certification platform for South Korean banks.  The platform, BankSign, is looking to streamline the verification process to use different mobile systems across different banks. 

*Data in Price Return and Updated Real-Time (with a delay), Source: StockDio

Sources:

https://www.ccn.com/bank-of-america-blockchain-patents-are-meaningless-former-vp/ 
https://bitcoinist.com/cryptocurrency-miners-dig-in-to-small-town-america/ 
https://bitcoinist.com/bitcoin-etf-remain-reject-analyst/ 
https://cointelegraph.com/news/fujitsu-backs-iota-as-new-protocol-standard-for-audit-trails-markets-react 
https://www.ccn.com/japanese-bitcoin-mining-firm-gmo-stops-mining-bitcoin-cash/ 
https://www.coindesk.com/singapore-taps-blockchain-platform-for-selling-tokenized-securities/ 
https://www.coindesk.com/red-hat-eyes-blockchain-for-tracking-when-customers-use-the-cloud/ 
https://cointelegraph.com/news/south-korea-govt-sponsors-blockchain-hackathon-in-fresh-public-awareness-drive 
https://cointelegraph.com/news/gazprom-and-russian-airline-s7-put-aircraft-fuelling-on-blockchain-in-domestic-first 
https://www.coindesk.com/samsung-looks-to-streamline-banking-with-blockchain-tool/