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Cryptocurrency End of Day Recap

Jul 25, 2018


  • Eidoo, a cryptocurrency wallet with over 400,000 downloads has announced that users will now be able to purchase and store Bitcoin (BTC) on their platform.  Eidoo previously only managed Ethereum ERC20 and ERC223 tokens. The platform offers other valuable services too, such as an ICO Engine allowing users to invest in curated Initial Coin Offerings (ICOs). The addition of Bitcoin opens the door to even more services and appeals the platform can take part in.
  • Sergey Solonin, CEO of Russian payment platform Qiwi, has recently announced that one of the firm’s programmers used the company’s payment terminals to mine Bitcoins (BTC) back in 2011. Qiwi uncovered this mining operation after noticing that the terminals were using increasing amounts of electricity during the nights. Overall, 500,000 BTC were mined, worth ~$4 billion today. Qiwi later thought that they would be able to take advantage of this mining method, but over time it proved to be unprofitable with their current hardware.
  • Coinbase, the world’s most popular cryptocurrency services platform, has recently been registered as a political action committee (PAC). Now that it is a registered PAC, Coinbase is allowed to legally donate funds to political campaigns and agendas.  Coinbase plans to leverage its PAC status to support politicians who want to help further the adoption and uses of digital assets and blockchain frameworks.
  • The first ever Blockchain Visionnaire Summit (BVS) has been held in Berlin, Germany. The summit was held to discuss the pros and cons of mass-adopting blockchain networks such as the Ethereum Smart Contract platform.  Speakers at the BVS included some of the brightest minds in the industry including Artiona Bogo (SAP), Rhian Lewis (Ethereum developer), and Dimitri De Jonghe (Ocean Protocol). The fact that the inaugural BVS was held in Germany illustrates the country’s progressive regulations and its desire to increase the adoption of blockchain tech.