Cryptocurrencies positive with Bitcoin above USD$7,000, Temasek denies involvement in Bitmain IPO
Sep 04, 2018
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- Abra, the cryptocurrency wallet startup, is now permitting deposits to come from European bank accounts. Users in Single Euro Payments Area (SEPA) can now transfer Euros (or other national currencies) directly into Abra.
- Andreas Antonopoulos, Bitcoin evangelist, believes Bitcoin ETFs will be negative for Bitcoin long-term as it will let investor speculate about its price more easily. Antonopoulos believes a Bitcoin ETF will permit market makers to manipulate Bitcoin markets and that individual investors would move away from playing an important part in the decision-making process of the cryptocurrency ecosystem (since they would inevitably shy away from the responsibilities of owning Bitcoin key).
- The ASX is delaying the roll-out of a blockchain settlement system until 2021. After receiving 41 written submissions form various stakeholders in the process (clearing & settlement, payment providers, market operators, etc), ASX management decided it makes sense to delay implementation and extend the development testing period.
- Bitfi, previously advertised as an unhackable Bitcoin wallet, has withdrawn its claim that it is not hackable after cybersecurity researchers were able to discover serious security flaws in Bitfi’s technology.
- Temasek has formally denied any involvement in the upcoming IPO of cryptocurrency mining leader Bitmain.
- Bittrex, the US cryptocurrency exchange, is buying a 10% stake in Malta-based blockchain firm Palladium according to the Times of Malta.
- Bittrex has decided to delist Bitcoin Gold following failure by the cryptocurrency to pay Bittrex the monthly listing fee of USD$262,907.
- Rising RAM costs are making the costs of EOS dapps cost prohibitive for developers. RAM, according to analysis by CoinDesk.com, has to be bought at market prices using EOS, with trades taking place on the Bancor algorithm. Each EOS dapp user takes 4 kilobytes of RAM to onboard for developers. According to the current RAM price, that's around $3.12 per user.
- Fishcoin is looking to apply decentralized ledger technology to seafood supply chains. The startup is hoping to utilize blockchain technology to introduce traceability to the seafood industry to help further communication between producers and supply chain intermediaries.
- Yasuo Matsuda, a former trader at Deutsche Bank as joined FXcoin, a cryptocurrency exchange startup in Japan.
- Google is rolling out an update to its Big Data service that will help investors “visualize” the Ethereum blockchain. The platform, BigQuery, will permit users to visualize behavior and clustering on the Ethereum blockchain.
- Industrial & Commercial Bank of China, the largest bank in China, has announced it will focus on investing in “intelligent banking” and the deployment of new financial technologies. The goal of the bank is to introduce “smart banking” to the financial ecosystem in China.
- According to iPR Daily, Alibaba and IBM have filed the largest number of blockchain-related patents to date. Alibaba has filed for 90 different blockchain-related patents while IBM has filed 89. Mastercard is 3rd on the list at 80.
- People’s Insurance Company of China plans to roll out a blockchain technology to help it become more efficient with time and costs. The company is partnering with VeChain and DNV GL to implement this new technology.
- The South Korean government continues to make a push to invest and trial blockchain technologies in the public sector. According to CoinDesk.com, The Korea Internet & Security Agency (KISA) is looking to increasing the number of blockchain starter projects in the public sector from 6 to 12 by CY2019.
- Taavi Rõivas, the former Prime Minister of Estonia, has joined Lympo, a cryptocurrency startup looking to encourage people to work-out more.
- Tsukuba, a Japanese city known for its scientific development (since 1960), has become one of the first cities in Japan to permit citizens to use a blockchain-based system to permit residents to vote. The blockchain technology integrates an identity verification machine with a decentralized network. The system encrypts and stores voting records through the use of a tamper-proof distributed network.
- Wal-Mart plans to begin testing the effectiveness of automated delivery drones based on blockchain protocol. The blockchain technology is meant to replace the elements of the delivery process that is dependent on “trust”.
- Vitalik Buterin, a co-founder of Ethereum, has written a new paper about how to address financing “self-organizing ecosystems of public goods”. The paper, "Liberal Radicalism: Formal Rules for a Society Neutral among Communities," argues to allow groups to allocate funds for the maintenance of public goods and services without becoming vulnerable to the "free-rider" problem. The framework is similar to Quadratic Voting, a form of stake-based voting championed by Weyl in a recent book, "Radical Markets". In comparison to Quadratic Voting which allows participants to vote with crypto tokens according to how much they care about an issue, Liberal Radicalism (LR) applies the same concept to how communities contribute to public goods, such as software development, cryptocurrencies and journalism.
*Data in Price Return and Updated Real-Time (with a delay), Source: StockDio