Cryptocurrencies are trading up, Litecoin Founder Charlie Lee is advising investors to dollar average into cryptocurrencies now
Aug 28, 2018
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- Ant Financial, the payments affiliate of Alibaba, is launching a blockchain-as-a-service platform to help the municipal government of the Chinese city of Wuchang to track the production process of rice. The goal is to create a public distributed ledger that will record unique information for each package so that fake products can be easily identified.
- Atlas, the Brazilian Crypto investment platformed, was hacked with 264k users affected. At the moment, there are 14,500 records of leaked data that detail users’ balances on the platform, their email addresses, names, and phone numbers. The leaked data shows there are 5,813 BTC (about $39 million) deposited on the platform.
- Australian startup Power Ledger, a blockchain startup focused on solar energy, has begun a trial of its P2P energy marketplace in Bangkok. The blockchain-powered marketplaces permits residents in Bangkok’s T77 precinct to buy and sell solar electricity.
- Financial experts are suggesting Bitcoin (and/or other digital currencies) will one day make credit cards obsolete. High credit card fees make will eventually increase consumer demand for the ability to make purchases with Bitcoin/digital currencies and will eventually lead to adoption by merchants.
- Brave, the cryptocurrency-funded mobile browser, has seen its userbase on Android-powered device double over the last 4 months to 10mm. The Brave browser rewards users (and content publishers) with its Basic Attention Token (BAT).
- Litecoin founder, Charlie Lee, during an interview with the Fast Money team on CNBX argues that the current prices levels suggest it is time for new investors to dollar average into cryptocurrencies. Lee sees prices moving higher from these price levels though he didn’t want to give a timetable for those moves.
- The People’s Bank of China has created the China National Internet Finance Association (NIFA), a self-regulatory organization (SRO) to permit the public to report fraud and illegal activities associated with blockchain, cryptocurrencies and ICOs.
- An op-ed on CoinDesk by Michal Casey, chairman of the advisory board and a senior advisor for blockchain research at MIT’s Digital Currency Initiative, discusses “stablecoin” projects at Central Banks. Casey believes the entry of Central Banks into the digital currency ecosystem increase competition, a healthy development, for cryptos and may help address price volatility across markets.
- A CoinSpeaker articles argues for that there is increasing demand for blockchain technology, but new projects must struggle to maintain decentralized structures.
- Dash continues to rally on news of new Latin American partnerships. Over the past 24 hours, Dash is up 23% following news of a strategic partnership with Kripto Mobile.
- A survey by Deloitte found that 40% of executives from telecom, media and technology companies plan to invest in blockchain research. The survey covered 1,053 executives across 7 countries – 180 were from TMT firms. According to the results, 59% of the executives surveyed believe blockchain technology will disrupt their specific industries while 29% have already joined blockchain consortiums.
- DPW Holdings plans to use power generated by the hydroelectric dam at Valatie Falls to power a bitcoin mining farm that is expected to launch in C4Q2018
- Mt Gox former CEO Mark Karpeles is asking a judge in Illinois to dismiss a lawsuit accusing firm of engaging in fraud. Specifically, Mr. Karpeles alleges that the US court has no personal jurisdiction over him since he is based in Japan.
- Singapore-based crypto exchange Huobi has announced that Huobi Chairman Li Lin made a USD$77mm investment into Hong Kong-listed Pantronics Holdings. After the acquisition, Li now own ~73.73% of Pantronics. Crypto commentators are suggesting the Pantronics acquisition will be a vehicle for Huobi to go public via a reverse takeover.
- JP Morgan CIO Lori Beer believes blockchain technology will replace the majority of existing technology today. Beer made these observations at a press conference in Buenos Aires, Argentina.
- The Netcents crypto credit will help make it easier for cryptocurrency adopters to more easily spend/user their digital currency. Netcents is a Canada-based payments processing company and has formally announced it is launching its digital currency credit services in the Canadian marketsplace in C4Q2018 and hopes to launch in Europe in C1H2019.
- Social Media Trading is becoming the next big phenomenon with its popularity in crypto trading (and growing popularity for stocks).
- TaTaTu, a blockchain social entertainment platform, screened the documentary Friedkin Uncut to users in North America and the UK on its platform. There are a growing number of platforms that are dedicated to social trading — featuring expert signal providers, shared strategies, market forecasts, analytical tools, automatic copying of trades, trade modifications, etc. These platforms not only benefit new traders but also help more advanced traders improve their skills by permitting them to interact with other experts.
- The recently launched Zeroedge is a one of kind online gambling platform that permits users a fair play platform. Visitors are asked to use the native Zerocoin token when playing. Traditional casinos generally host games with a house edge of 1-10%, giving the platforms a higher advantage of winning. While on these platforms, even if it seems like they are winning, the gamblers will still end up losing. Zeroedge has eliminated this system of house edge by introducing revolutionary 0% house edge games, for fair play. This takes away the winning power of traditional casinos, and gives it back to the players.
*Data in Price Return and Updated Real-Time (with a delay), Source: StockDio