Cryptocurrency Midday Report
Jul 18, 2018
- Cryptocurrency exchange London Block Exchange (LBX) has announced a partnership with DApp platform DADI. DADI plans to make its DApp platform, which will include API, Web, and a content delivery network (CDN) for use on LBX’s ICO website. LBX will provide a fiat on/off ramp for the DADI network customers. DADI clients wanting to purchase their services will need to obtain the DADI token using LBX’s conversion. LBX will have its ICO this upcoming August, and will use the three DAPPS from DADI to make the ICO run more efficiently.
- A new international research group, led by China, will be created with the help of the joint technical committee of the International Organization for Standardization (ISO), and the International Electrotechnical Commission (IEC). This research group will include experts from over 10 countries including the United States, United Kingdom, France, and Germany. It will focus on the standardization of the Internet of Things (IoT), and blockchain technology in general across different application scenarios.
- Kik, a popular Canadian messaging app, ICO’d last year and has now released its first product associated with its native Kin token. The product, called Kinit, is simply a wallet that will let its users earn, spend, and secure the tokens. Users can earn Kin tokens by completing tasks like quizzes, surveys, and watching videos, and later exchange them for gift cards and other perks. The Kin token is different from most other recently developed tokens in that it is not an ERC-20 token. Kin does use Ethereum for liquidity purposes, but also uses the Stellar Network for optimal transaction speeds.
- We’ve heard of countries like China and Switzerland further incorporating blockchain technology into its people’s lives, but now the small Mediterranean island of Malta is getting in on the action. The government of Malta is opening its doors to distributed ledger technology with hopes to become the next blockchain hub. The Maltese government hopes blockchain technology can be used to revamp its education and transportation systems. For these reasons, the Maltese parliament passed three bills setting up the regulatory foundation for blockchain innovation to grow.