Day: August 2, 2018

Crypto Daily News | Coinbase Adds British Pound and BitFi Wallet Hacked

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In today’s edition of Crypto Daily News, we’ll cover Coinbase adding the British Pound to its trading pairs and John McAfee’s “unhackable” Bitcoin wallet that gets, well, hacked. Crypto Daily News: August 2nd, 2018 Coinbase Supports the Pound Starting today, Coinbase customers in the UK will be able to seamlessly move GBP in and out of their accounts using the Faster Payments service. In most cases, this will mean almost instant access to funds. ??https://t.co/67DMjc6y89 — Coinbase (@coinbase) August 1, 2018 Coinbase, the most popular cryptocurrency exchange in the US…

Walmart Files Blockchain Patent for Smart Appliance Management

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Walmart has filed another patent application in the blockchain sector entitled “Managing Smart Applications Using Blockchain Technology.” The filing follows a number of previous applications for blockchain patents including blockchain package delivery systems, medical record storage systems, and a blockchain-based digital marketplace. The most recent patent application, published on Aug. 2, details systems and methods that can be used to manage smart appliances, including a kiosk for the receipt of drone-delivered packages and potentially a smart home system, among other use cases. IoT Ecosystem The patent discusses the use of a…

Galaxy Digital Holdings | Shares Dropping on the TSXV

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Yesterday, cryptocurrency-focused merchant bank Galaxy Digital Holdings Ltd. (GLXY) started trading on the Toronto Stock Exchange. The stock lost a lot of momentum but closed the day in the green. Galaxy Digital TSX Stock Movement According to TMXMoney, Galaxy Digital Holdings started trading at $2.09 a share and ended the day at $2.30. The stock gained $0.21 (+10.04%) yesterday. Yesterday, GLXY reached a peak of $2.49 a share and a low of $1.92, losing over -22.89%. Days after billionaire Mike Novogratz revealed Galaxy Digital, the crypto market bank lost $134 million during Q1. Complications…

University IT Research Institute Partners to Form Blockchain Research Center

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The Research Institute of Information Technology (RIIT) of Tsinghua University (THU) has partnered with a subsidiary of China’s institutional financial firm to establish a blockchain research center, according to an Aug. 1 press release. The RIIT has signed an agreement with Sheng Ying Xin Management Consulting Co., Ltd., a contractually controlled and managed company of China Internet Nationwide Financial Services (CIFS). The two organizations will jointly research and develop basic blockchain technologies and models for building enterprise-level applications in a number of industries. The blockchain-based applications will reportedly address a…

Is Bitcoin Mining Profitable? – CoinDesk

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The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. @2021 CoinDesk English Original

BTC Trades Sideways, Other Top 20 Coins See More Notable Losses

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Thursday, August 2: Bitcoin (BTC) and Ethereum (ETH) are trading around yesterday’s levels, while other top 20 coins are seeing notable losses, according to data from Coinmarketcap. Market visualization from Coin360 Bitcoin (BTC) is up around 0.3 percent over the past 24 hours and trading at $7,579 at press time after testing a slight rebound today. The top cryptocurrency keeps trading sideways, with an intraday low of $7,451, according to the Cointelegraph Bitcoin Price Index. As Cointelegraph reported in a previous market analysis, if Bitcoin breaks $7,750 resistance, the move…

Factom Files Patent for Validating Documents on the Blockchain

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Factom (FCT) has filed a new patent today with the U.S. Patent & Trademark Office that allows verification of documents on a blockchain with multiple digital signatures The patent comes during a frenzy of blockchain patent applications from other incumbents, including IBM, Mastercard, and Walmart. Auditing Digital Documents with Multi-Signatures The patent claims the concept: “Authentication of electronic document is based on multiple digital signatures incorporated into a blockchain. Structured data, metadata, and instructions may be hashed to generate the multiple digital signatures for distribution via the blockchain. Any peer…

South Korea’s Financial Watchdog Calls for Integrated Blockchain System for Stock Trading

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South Korea’s Financial Supervisory Service (FSS) has advised local regulatory agencies and companies to work towards developing an integrated blockchain system for stock transactions, according to an official report published August 2. The FSS undertook a detailed analysis of international stock exchange operators’ use of blockchain technology to date, focusing on existing initiatives in the U.S., Japan, UK and Australia, among others. The report concluded that a tamper-proof blockchain-based system would increase the efficiency, integrity and security of tracking and storing transactions. The report added that existing conventional systems that…

Philippines Securities Regulator Issues Draft of ICO Rules, Requests Feedback From Public

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The Philippines Securities and Exchange Commission (SEC) has published a set of draft rules for regulating Initial Coin Offerings (ICOs) for public review, according to an official statement August 2. In the SEC’s Memorandum Circular, the agency stipulates that any company registered in the Philippines looking to run an ICO, or any ICO selling tokens to Filipinos, must submit an “initial assessment request” to the Commission to determine whether or not their token is a security. The regulator specifies that ICO issuers should submit their initial assessment request not less…

Bitcoin Price Won’t Hit a New High [This Year]: Trader

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It’s possible that the bitcoin price has found a bottom, but that doesn’t necessarily mean that it’s headed for a new all-time high before the end of the year. That’s according to Tuur Demeester, an economist and bitcoin trader, who argues in a new report that the market needs more time to absorb the historic 36-month rally that carried the bitcoin price from sub-$250 to a peak just below $20,000 in Dec. 2017. Writing on Medium, Demeester lays out the case that 2018 will likely be remembered as an era…