- Today’s main news: Coinbase gets SEC approval to list securities. XRP users ask FINRA to look into Coinbase price manipulation. Robinhood adds Litecoin, Bitcoin Cash trading. Binance, Kucoin burn tokens. Ledger to support Tron. Former PayPal CEO, Bitmain to invest in Block.one.
- Today’s main analysis: Bitcoin set for biggest gain in 2 weeks.
- Today’s thought-provoking articles: Why cryptocurrencies soared yesterday. Coinbase’s boost to 5 altcoins. Why investors want Bitcoin futures. ETH gas prices normalize after suspected intentional network overload. How quantum computers could steal your crypto.
- Coinbase authorized to list security tokens. This could catapult Coinbase to the next level as a crypto exchange and expand its network to institutional investors and retail investors looking to diversify their portfolios. It could also legitimize crypto exchanges in general as well as security tokens.
- Coinbase to add five new altcoins.
- Kraken mocks Coinbase.
- XRP users ask FINRA to investigate Coinbase. The only thing Coinbase is guilty of is running its business. The exchange doesn’t control the market. Investors respond to news. Coinbase decided to explore listing certain altcoins and the market responded. That does not constitute price manipulation. If it did, Binance would be guilty every day.
- Robinhood adds Litecoin, Bitcoin Cash trading. Good move.
- Bitcoin set for the biggest gain in two weeks. The fact that we’re talking about a few hundred dollars versus the top price Bitcoin hit in December last year of $20,000 doesn’t necessarily mean a bull run is on the way. But we shouldn’t rule it out either.
- Bitcoin has lost half its value in 2018.
- Why cryptocurrencies soared yesterday. Most analysts are blaming it on fake news, but real news affects the markets too. It’s likely a combination.
- Bitcoin extends gains.
- BlackRock CEO sets the record straight on interest in Bitcoin.
- Bitcoin-only real estate deals are on the rise.
- SEC halts Kodak-branded crypto-mining scheme.
- Oracle’s cloud blockchain service is ready.
- Binance, Kucoin burn tokens.
- Why investors are opting for Bitcoin futures.
- Why Telegram is the platform of choice for ICOs.
- Ten reasons the blockchain won’t be stopped.
- A no-frills beginners guide to crypto.
- Ethereum gas prices normalize after suspected intentional network overload.
- Ledger to support Tron.
- Binance trader locked out of $50,000 account.
- Binance distributes Everipedia, token spikes 58.22%.
- Accenture, Thales to debut blockchain tool for aerospace supply chains.
- Will major corporations launch their own cryptocurrencies?
- Blockchain Visionnaire Summit – Exclusive discount code for Blockchain Times readers.
- Former PayPal CEO, Bitmain to invest in Block.one.
- Bitcoin climbs $300.
- Sovren wants to become first UK regulated digital asset exchange.
- World Hung Mun Investment raises $750M in 5 minutes through ICO.
- Cryptocurrencies to disrupt in-store payments.
- Korean Internet Agency to develop blockchain platform with Housing Finance Corporation.
- United States
- Coinbase Gets Regulator Approval to List Digital Coins Considered to be Securities (CoinTelegraph), Rated: AAA
- Coinbase looks to add five new coins (CNBC), Rated: A
- Kraken Takes a Stab at Coinbase With 1,600 New Cryptocurrencies (Crypto Disrupt), Rated: A
- XRP users call on FINRA to probe Coinbase for possible price manipulation (BCFocus), Rated: AAA
- Robinhood Adds Litecoin and Bitcoin Cash Trading (Investopedia), Rated: AAA
- Bitcoin Set for Biggest Gain in 2 Weeks as Cryptocurrencies Jump (Bloomberg), Rated: AAA
- Bitcoin Has Lost Half Its Value In 2018 (U.S. News), Rated: A
- Here’s Why Cryptocurrencies Are Soaring on Monday (The Motley Fool), Rated: AAA
- Bitcoin extends gains as BlackRock looks into crypto and blockchain (CNBC), Rated: AAA
- BlackRock CEO Contradicts Report Of $ 6 Trillion Interest In Bitcoin (BTC) (Ethereum World News), Rated: A
- Bitcoin-Only Real Estate Deals On The Rise (WVXU), Rated: A
- SEC halts sketchy Kodak-branded cryptocurrency mining scheme (engadget), Rated: A
- CFA adding cryptocurrencies, blockchain topics to exams (Pensions&Investments), Rated: A
- Oracle’s cloud blockchain service is ready for prime time (Silicon Angle), Rated: B
- BINANCE AND KUCOIN COMMENCE QUARTERLY BURNS OF BNB AND KCS TOKENS (Bitcoinist), Rated: AAA
- Why Investors Are Opting for Bitcoin Futures (U.S. News), Rated: AAA
- Why Telegram Is The Platform Of Choice For ICOs (Investopedia), Rated: A
- Ten Reasons Why the Blockchain Won’t Be Stopped (And Shouldn’t) (Financial Poise), Rated: A
- A No-frills Beginners Guide to Cryptocurrency That You Can Read and Understand in 10 Minutes (Next Big Future), Rated: A
- European Union
- Ethereum (ETH) Gas Prices Return to Normal, After Suspected Intentional Network Overload (cryptovest), Rated: AAA
- Ledger Hardware Wallet To Officially Support Tron (TRX) Crypto Coin (Bitcoin Exchange Guide), Rated: AAA
- $ 50,000 “Locked” On Binance Exchange, “Will Never Gain Access” Redditor Says (CryptoGlobe), Rated: A
- Binance distributes Everipedia [IQ], token pumps by 58.22% (AMBCrypto), Rated: B
- Accenture, Thales to Debut Blockchain Tool for Aerospace Supply Chains (CoinTelegraph), Rated: A
- Major Corporations Toy With Idea of Launching Unique Cryptocurrencies (Investopedia), Rated: A
- Blockchain Visionnaire Summit is coming to Berlin (Blockchain Visionnaire Summit Email), Rated: B
- United Kingdom
- Former Paypal CEO And Bitmain To Invest In Company Beind EOS (Ethereum World News), Rated: AAA
- BITCOIN climbs $ 300 with ‘potential bull run’ back on the cards (Express), Rated: A
- Sovren Seeks to Become First UK Regulated Digital Asset Exchange, Plans Initial Coin Offering (Crowdfund Insider), Rated: A
- How quantum computers could steal your bitcoin (News.com.au), Rated: AAA
- Use of Home Equity Loans to Purchase Cryptocurrencies is Finally Banned (Coin Idol), Rated: A
- Fmr. Macau Gangster Raises $ 750 Million in 5-Minute ICO (CCN), Rated: AAA
- Cryptocurrencies Poised to Disrupt In-Store Payments in APAC, says GlobalData (Block Explorer), Rated: A
- Korean Internet Agency to Develop Blockchain Platform With Housing Finance Corporation (CoinTelegraph), Rated: B
- Latin America
- The First Open-Source Smart Contract Platform to be Started by Rootstock (Coin Frenzy), Rated: A
- South African community introduces its own digital currency (CTV News), Rated: AAA
Coinbase Gets Regulator Approval to List Digital Coins Considered to be Securities (CoinTelegraph), Rated: AAA
Cryptocurrency exchange and wallet service provider Coinbase has received approval from the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) to list digital coins considered to be securities, Bloomberg reported July 16.
A Coinbase representative told Bloomberg that the SEC and FINRA have authorized the exchange to acquire security dealers Keystone Capital Corp., Venovate Marketplace Inc. and Digital Wealth LLC. The deal will allow Coinbase to extend its offerings with security tokens and to operate as a broker dealer, an alternative trading system, and a registered investment adviser.
Coinbase looks to add five new coins (CNBC), Rated: A
Kraken Takes a Stab at Coinbase With 1,600 New Cryptocurrencies (Crypto Disrupt), Rated: A
Kraken has issued a satirical post mocking Coinbase. The two US-based exchanges are very different in their respective modes of operation. Coinbase recently announced that they are exploring the addition of five new cryptocurrencies – ADA, BAT, XLM, ZEC, and ZRX. Kraken has now released a statement that they are exploring the addition of 1,600 new cryptocurrencies.
On July 14th, the exchange issued the following satirical statement –
“Exciting and important revelation for the community today. Kraken has been contemplating the exploration of maybe adding over 1600 new coins, pending the outcome of our highly sophisticated review process.”
XRP users call on FINRA to probe Coinbase for possible price manipulation (BCFocus), Rated: AAA
The Ripple community is not willing to let go of the fact that Coinbase excluded XRP from its possible listings. XRP investors have called on the Financial Industry Regulatory Authority (FINRA) to investigate the exchange for possible price manipulation.
Coinbase on Saturday had announced that it was exploring chances of adding Cardano (ADA), Basic Attention Token (BAT), ZCash (ZEC), Stellar (XLM) and 0x (ZRX) to its exchange. Soon after the announcement was made, all the mentioned coins saw their prices spike higher.
Robinhood Adds Litecoin and Bitcoin Cash Trading (Investopedia), Rated: AAA
Mobile stock trading app Robinhood turned heads in the cryptocurrency space months ago when it launched a digital currency trading service through its mobile platform. Now, Robinhood has announced that two new digital currencies will join its list of those on offer. Litecoin and bitcoin cash, each among the top ten cryptocurrencies in the world by market cap, will now be offered alongside bitcoin and ethereum.
Bitcoin Set for Biggest Gain in 2 Weeks as Cryptocurrencies Jump (Bloomberg), Rated: AAA
Amid a steady drip of news reports suggesting some of the biggest names in investing are taking more of an interest in digital tokens, the largest crypto-coin advanced 6.8 percent to $6,606.18 as of 9:03 a.m. in New York, according to composite prices on Bloomberg. Rival coins Ripple, Ethereum and Litecoin all climbed at least 5 percent. Bitcoin hasn’t notched a one-day gain of more than 2 percent since July 2.
Bitcoin Has Lost Half Its Value In 2018 (U.S. News), Rated: A
After another tough month in March, bitcoin has now lost roughly half of its value since Jan. 1 and approximately two-thirds of its value since hitting an all-time high of about $20,000 in December. At this point, the bitcoin sell-off has exceeded the 57 decline the Standard & Poor’s 500 index made during the 2008-2009 financial crisis.
Here’s Why Cryptocurrencies Are Soaring on Monday (The Motley Fool), Rated: AAA
The main catalyst driving bitcoin (BTC-USD) and most other cryptocurrencies higher today is a report that financial giant BlackRock (NYSE:BLK) is investigating ways to get into the cryptocurrency markets.
Bitcoin extends gains as BlackRock looks into crypto and blockchain (CNBC), Rated: AAA
Bitcoin continued to edge higher on Tuesday, extending gains made on the previous day on news that asset-management giant BlackRock has set up a working group to look into cryptocurrencies and blockchain, the technology that underpins them.
Coinbase is giving a boost to five altcoins
In addition to today’s price action, five altcoins have done particularly well over the weekend on reports that major cryptocurrency exchange Coinbase is exploring the possibility of adding them to its platform.
To be specific, the exchange said that it is looking at Cardano (ADA-USD), Stellar (XLM-USD), Zcash (ZEC-USD), 0x (ZRX-USD), and Basic Attention Token (BAT-USD).
|Cryptocurrency Name (Code)||Price in U.S. Dollars||Rank (by Market Cap)||1-Week Change|
|Basic Attention Token (BAT-USD)||$0.32||38||24.5%|
DATA SOURCE: WWW.INVESTING.COM.
BlackRock CEO Contradicts Report Of $ 6 Trillion Interest In Bitcoin (BTC) (Ethereum World News), Rated: A
While the original report by Financial News (fnlondon) had it that BlackRock, the world’s largest exchange-traded fund (ETF) provider was setting up shop to assess the potential of offering a Bitcoin-related fund, CEO Larry Fink has appeared on Bloomberg Television this morning with a statement that seems contradictory.
Bitcoin-Only Real Estate Deals On The Rise (WVXU), Rated: A
Using only bitcoin, 20 homes have been sold worldwide, and that number looks to get bigger. In fact, the Miami, Fla., real estate agent that brokered two of those deals, Stephan Burke, says cryptocurrency will make up 25-30 percent of real estate sales in five years.
One of Burke’s bitcoin-only deals involved the co-founder of a cryptocurrency website who bought a two-bedroom condo for $275,000. In a different deal, a bitcoin investor sold his mansion for $6 million (455 bitcoins).
SEC halts sketchy Kodak-branded cryptocurrency mining scheme (engadget), Rated: A
One of the more surprising gadgets to appear at CES this year was a Kodak-branded cryptocurrency mining computer, which might have seemed like an easy way to make money if you leased the machine. But economists said the math never added up, and the proposed profits were nigh-on impossible. Spotlite, the company behind the plan, now says it will not move forward with leasing the machines. CEO Halston Mikail told the BBCthat the Securities and Exchange Commission had blocked the scheme.
CFA adding cryptocurrencies, blockchain topics to exams (Pensions&Investments), Rated: A
CFA Institute, whose grueling three-level program has helped train more than 150,000 financial professionals, is adding topics on cryptocurrencies and blockchain to its Level I and II curriculums for the first time next year. Material for the 2019 exams will be released in August, giving candidates their first opportunity to start logging a recommended 300 hours of study time.
Oracle’s cloud blockchain service is ready for prime time (Silicon Angle), Rated: B
BINANCE AND KUCOIN COMMENCE QUARTERLY BURNS OF BNB AND KCS TOKENS (Bitcoinist), Rated: AAA
International, multi-language cryptocurrency exchange behemoth Binance has officially announced the fourth quarterly coin burn of its in-house Binance Coin token (BNB).
Every quarter, we will use 20% of our profits to buy back BNB and destroy them, until we buy 50% of all the BNB (100MM) back. All buy-back transactions will be announced on the blockchain. We eventually will destroy 100MM BNB, leaving 100MM BNB remaining.
KUCOIN’S THIRD FISCAL BURN
Today also marks popular alternative exchange KuCoin’s third fiscal burn of its in-house KuCoin Shares token.
In accordance with our whitepaper, we have used 10% of profits from the 3rd fiscal quarter (Q2 2018) to buy back KCS from the market and burned 396,211 KCS
Why Investors Are Opting for Bitcoin Futures (U.S. News), Rated: AAA
The volume in trading bitcoin futures has been steadily rising since both the CME Group and Cboe Global Markets launched their futures contracts in December and as prices in physical trades of the digital asset stabilized.
Volume at the CME rose exponentially to 6,739 contracts on July 5 for the July contract, which is equivalent to $220 million. The average daily volume is typically 2,800 contracts, but by the next day, volume for the July contract dipped back down to 2,253 contracts.
Bitcoin futures are attracting investors globally with about 30 percent who live outside the U.S. and consists of 14 percent from Asia and 17 percent from Europe based on participation and daily volume year-to-date, McCourt says. The monthly measure of average daily volume for the contracts hit a high of 4,000 contracts for May.
Why Telegram Is The Platform Of Choice For ICOs (Investopedia), Rated: A
Even as it is targeted by the Russian government, Telegram has emerged as the most important marketing platform for ICOs. Kickstarter, another popular method to raise funds, requires users to create login credentials and search for projects in order to fund them. Telegram has streamlined the process and offers several features, such as channels and groups, which are great for disseminating information about an ICO or possible future ICOs. The app populates groups and channels with bots initially. The bot swarm attracts real individuals, who follow soon after. According to an estimate earlier this year, the average number of members in Telegram channels is 13,077 per ICO and the median is 8,632. Telegram has benefited from the global nature of cryptocurrencies, which has helped attract audiences and entrepreneurs onto its platform from all over the world.
Ten Reasons Why the Blockchain Won’t Be Stopped (And Shouldn’t) (Financial Poise), Rated: A
2. The Blockchain Creates Better Currencies Than Existing Ones
The premier goal of the blockchain application is to create cryptocurrencies, of which there are now hundreds. They are similar to existing national currencies in one important respect: they have no underlying intrinsic value. As such, they are “faith currencies,” which rely upon the holder’s ability to buy things with it and to exchange it for other currencies.
3. The Blockchain Cannot Be Effectively Regulated
Government intervention cannot ever stop the blockchain. Blockchains are global, like computer networks, but legislation is local. Cryptocurrency users step around it. Countries that have legislated against cryptocurrency include Morocco, Bolivia, Ecuador, Nepal and China. All they have achieved was to prevent its open use.
5. The Blockchain Delivers a Faster, Cheaper Payment Technology
On average, credit (and debit) card costs for a purchase of $100 will be in the range of $2.50 to $3.00 (2.5% to 3.0%). If you use a cryptocurrency, the cost of a $100 payment will most likely be less than 20 cents, and with some cryptos, as low as 2 cents (see BitInfoCharts for details).
10.The Blockchain Automates Trust
The final point is that the blockchain can automate trust. This counts as a specific application of smart contracts.
A No-frills Beginners Guide to Cryptocurrency That You Can Read and Understand in 10 Minutes (Next Big Future), Rated: A
Bitcoin, altcoins, and cryptocurrencies, in general, are always in the news – for the right/wrong reasons depending on whom you ask. Cryptocurrencies still generate a fair mix of support and skepticism from the general market but there’s no denying the fact that its mass-market adoption is an inevitable event. For people who missed the boat on Bitcoin, there are more than 1600 other cryptocurrencies in the market, most of which are promising to disrupt industries, markets, and economies.
Ethereum (ETH) Gas Prices Return to Normal, After Suspected Intentional Network Overload (cryptovest), Rated: AAA
The Ethereum (ETH) network faced heavy congestion over the weekend, leading some to suspect a concerted effort at launching spam transactions. Over the weekend, gas prices reached above 200 GWei for higher speeds:
— ICO Drops (@ICODrops) July 15, 2018
Later, the Ethereum gas station showed the gas price had normalized, with 9 GWei the highest price for fast transactions, and an average dollar price of $0.047 per transaction.
Ledger Hardware Wallet To Officially Support Tron (TRX) Crypto Coin (Bitcoin Exchange Guide), Rated: AAA
France based hardware wallet and custody startup Ledger has announced that its hardware wallet Ledger Nano S will support Tron.
Tron (TRX) can be managed from a Ledger Nano S by the use of Tronscan Desktop and the TRON app on a user’s ledger device. In order to use Tron, a user requires a Ledger Nano S, the device of a user should run the latest firmware version and the latest version of Bitcoin app needs to be installed.
$ 50,000 “Locked” On Binance Exchange, “Will Never Gain Access” Redditor Says (CryptoGlobe), Rated: A
A redditor with the username BeanThe5th recently posted an update regarding their previous post claiming their Binance account worth $50,000 had been hacked. After the account was compromised, the user reportedly tried to contact Microsoft support every day for an entire month in an attempt to retrieve their hacked email account. The redditor then states that Microsoft’s support team asked them to submit information which would prove that they were actually the account holder.
According to the user, it took the support team a whole month before they responded by saying, “they fully acknowledge” that the redditor was the account owner. However, the support team said the Hotmail account had been used for “fraudulent activity”, so they had to “indefinitely suspend the account.” This of course meant that the user’s access to the account was locked. Unfortunately, the redditor said, not only had their Binance account become inaccessible, but almost their “entire career” had been lost.
Binance distributes Everipedia [IQ], token pumps by 58.22% (AMBCrypto), Rated: B
Binance on 16th July announced the distribution of Everipedia [IQ]. As observed IQ is currently pumping and experiencing a surge of over 58%.
Accenture, Thales to Debut Blockchain Tool for Aerospace Supply Chains (CoinTelegraph), Rated: A
Dublin-based major consultancy firm Accenture has partnered with French multinational aerospace firm Thales Group to update aircraft supply chains using blockchain, according to a press release July 16.
Based on Hyperledger Fabric and set for its debut at the UK’s Farmborough Airshow July 21-22, the solution will use blockchain in tandem with Thales’ physically unclonable function (PUF) tool to “track, trace and authenticate aircraft parts and materials.”
Major Corporations Toy With Idea of Launching Unique Cryptocurrencies (Investopedia), Rated: A
As cryptocurrencies have continued to grow in popularity (even in spite of diminished prices in 2018), it may be only a matter of time before major companies across the country launch their own unique digital currency offerings.
Crypto Daily highlights a hypothetical digital currency launch by a company like Coca Cola (KO). A Coke cryptocurrency could help to encourage consumers to buy KO products.
Although BP plc (BP), the multinational oil and gas company, and Intel (INTC), the tech operation, have not specifically suggested interest in launching cryptocurrencies, it’s not hard to imagine why a project like this would be beneficial for each company. A BP digital token could be used to increase customer loyalty, allowing for lower fuel rates for customers paying in tokens as well as a rewards incentive program.
Blockchain Visionnaire Summit is coming to Berlin (Blockchain Visionnaire Summit Email), Rated: B
We are happy to announce Blockchain Visionnaire Summit (BVS) which will be held on July 23 in the punky crypto capital of Europe — Berlin. BVS was founded to inspire people and organizations to build, cultivate, and invest in blockchain technologies.
This Summit will bring together thought leaders, builders, and investors for an informative and inspiration-packed day. We will have three panels that cover the fundamentals of building a successful blockchain company: Technology, Funding, and Marketing. In addition, due to interest of traders, we are organizing a panel on trading with blockchain about different assets and platforms. Learn how VCs evaluate blockchain startups, ICOs and the value of their tokens.
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Former Paypal CEO And Bitmain To Invest In Company Beind EOS (Ethereum World News), Rated: AAA
According to a press release from Block.one, the company behind the EOS project, the firm has just secured investments from some big names in the fintech world, namely billionaire venture capitalist Peter Thiel and Bitmain, headed by the well-known Jihan Wu.
Early Monday morning, Block.one closed the funding round with the aforementioned release, stating that it had a successful “strategic investment round.”
BITCOIN climbs $ 300 with ‘potential bull run’ back on the cards (Express), Rated: A
BITCOIN has gained nearly $300 so far in trading today as the recovery from last week’s price plunge gathers momentum.
The leading cryptocurrency started last week at $6,723 and a return to $7,000 was thought to be on the cards before a sharp fall that started in Tuesday took the price down to $6,155 on Thursday.
However, having gained $290 and nearly 3 percent so far today, the boffins at Bloomberg now predict that “positive times” could be on the road ahead for bitcoin, with analysis pointing towards the end to the current selling trend and a return to a “potential bull run”.
Sovren Seeks to Become First UK Regulated Digital Asset Exchange, Plans Initial Coin Offering (Crowdfund Insider), Rated: A
UK based Sovren says it will launch the first digital asset exchange to be regulated by the Financial Conduct Authority (FCA) and accessible to institutional investors. The creation of two ex-bankers, Sovren has also announced an Initial Coin Offering (ICO) planned for Q3 this year. Sovren says its ICO, along with a additional equity funding, will raise $10 million to create an order book and brokerage exchange platform.
How quantum computers could steal your bitcoin (News.com.au), Rated: AAA
Researchers are still trying to find out exactly what kind of problems quantum computers are superior at solving. But we do know that two problems underlying much of today’s cryptography happen to be ones that tomorrow’s quantum computers may be able to solve quite efficiently (for the experts at home, in addition to solving elliptic curves, the other problem is finding the prime factors of a number).
In particular, elliptic curve cryptography can be broken running a variant of Shor’s algorithm. This algorithm is able to compute the secret key from the public key efficiently, and thus is able to create signatures quickly once the public key is revealed. This can’t be done using today’s computers. In fact, it is believed that only quantum computers will ever be able to perform this computation.
HOW WOULD A THIEF WITH A QUANTUM COMPUTER STEAL BITCOIN?
The current mechanics of bitcoin mean the public key is only revealed with the signature when a transaction is proposed to the network. Hence there is a very short window of opportunity for a quantum computer to calculate the private key from the public key and present an alternative signed transaction (for example, making Bob’s money go to the thief instead of to Alice).
Use of Home Equity Loans to Purchase Cryptocurrencies is Finally Banned (Coin Idol), Rated: A
The Australian Bank of Queensland has put a ban on all property buyers using home equity to purchase cryptocurrencies, according to Financial Review on July 12.
Fmr. Macau Gangster Raises $ 750 Million in 5-Minute ICO (CCN), Rated: AAA
An initial coin offering (ICO) operated by a little-known company in China and backed by a former Macau gangster raised $750 million in less than five minutes.
The South China Morning Post reports that World Hung Mun Investment — led by former 14K Triad gangster “Broken Tooth” Wan Kuok-koi — sold 450 million “HB” tokens at three release parties held in Cambodia, Thailand, and the Philippines. The firm intends to hold a final event in Malaysia on Wednesday and release a total of 50 million more tokens to the public. These 500 million tokens will comprise half of the total HB supply.
Cryptocurrencies Poised to Disrupt In-Store Payments in APAC, says GlobalData (Block Explorer), Rated: A
Reportedly, Japan and South Korea are among the top three markets globally, along with the US, for cryptocurrency trades. As of January 2018, nearly one third of global bitcoin transactions were made with Japanese Yen and South Korea accounted for around 35% of global Ethereum trading.
Most recently in March 2018, Bithumb – a cryptocurrency exchange in South Korea – partnered with Korea Pay Services to enable 6,000 retail outlets across South Korea to accept cryptocurrency payments. Earlier in April 2017, Coincheck – a cryptocurrency exchange in Japan – partnered with Recruit Lifestyle to roll out its bitcoin-enabled POS app AirREGI across 260,000 merchant stores in Japan.
Korean Internet Agency to Develop Blockchain Platform With Housing Finance Corporation (CoinTelegraph), Rated: B
The Korea Internet & Security Agency (KISA) and the Korea Housing Finance Corporation (HF) have signed a memorandum of understanding (MOU) to develop a blockchain-based storage system for documents, Korean news agency Newsis reports July 16.
The First Open-Source Smart Contract Platform to be Started by Rootstock (Coin Frenzy), Rated: A
RSK Labs, formerly known as Rootstock, an Argentinian startup building the first open-source smart contract platform with a 2-way peg to Bitcoin.RSK Labs CEO Diego Gutiérrez Zaldívar on Bitcoin Smart Contracts Sidechain and Crypto Industry Challenges.
South African community introduces its own digital currency (CTV News), Rated: AAA
The white Afrikaner community that famously sprang up in a sparsely populated corner of South Africa at the end of apartheid is now testing a digital currency that could reinforce its sense of independence.
Some residents of the town of Orania, population 1,600, are trying out the digital version of their own self-declared Ora currency. While pegged to the South African rand, the currency is a symbol of cultural preservation for the all-white community that says it feels under siege in the new South Africa after the 1994 end of white minority rule — while many in the country view it with wariness as a non-inclusive enclave that refuses to break with the past.