Cryptocurrency Daily News Bulletin: August 3, 2018August 3, 2018 2:40 pm
Coinbase has released a new plugin to give millions of websites the power to accept major cryptocurrencies. The plugin is designed to work with WooCommerce, which is an open-source platform that is currently integrated into more than three million WordPress websites; giving over 28% of online stores access to crypto payments from consumers globally.
High Times Holding, the cannabis culture media organization, will accept cryptocurrencies in its IPO, becoming the “first traditional stock offering ever to accept investments” to do so.
IHS Market, a fintech data analytics firm, released a July report that forecasts blockchain technology could lead to a business activity value of $2 trillion by 2030. The report includes all value that blockchain adds as an entire vertical.
Robinhood, a commission-free stock trading platform, announced that residents in the state of Georgia can now invest in cryptocurrency through the app, including BTC, BCH, ETH, LTC and DOGE. With over 4 million users, Robinhood is poised to become one of the largest crypto exchange platforms, assuming the rollout continues to run smoothly.
Australian bitcoin exchange CoinJar has launched the country’s first cryptocurrency index fund available to wholesale investors; taking the custody risks from investors. The Digital Currency Fund has two classes. Bitcoin Class exclusively provides exposure to BTC, whilst Mixed Class tracks the market cap-weighted price movements of BTC, ETH, XRP, and LTC.
EU: The EU Blockchain Observatory and Forum has released a report titled ‘Blockchain Innovation in Europe’, where they warn that the new GDPR law could hinder innovation in the blockchain space. “As long as the legal framework around personal data and blockchain remains unclear, entrepreneurs and those building blockchain-based platforms and applications in Europe face massive uncertainty. That can put a brake on innovation”.
Germany’s second-largest stock exchange announced it is developing an ICO platform just months after unveiling Bison, its crypto trading app. Boerse Stuttgart expects to roll out the platform as part of larger “end-to-end infrastructure” for “digital assets” it is currently developing and says the ICO platform will allow token issuers to conduct token sales with “standardized and transparent processes.” It will also offer a “multilateral trading venue for cryptocurrencies as well as solutions for safe custody”.
Malta continues to be the centre of innovation in the crypto space, now starting the first crypto secondary market trading tokenized securities against fiat currencies. Berlin-based Neufund company and Polish crypto exchange Bitbay have partnered; BitBay now being the first trading partner enabling companies to liquidate their equity tokens against fiat currency.
North Carolina has barred electoral candidates in the state from accepting campaign donations made in bitcoin and other cryptocurrencies.
The Philippines SEC has published a set of draft rules for regulating ICOs. Any company registered in the Philippines looking to run an ICO must submit an “initial assessment request” to the Commission to determine whether their token is a security.
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. The report concluded that a tamper-proof blockchain-based system would increase the efficiency, integrity and security of tracking and storing transactions.
Aeternity $1.71 USD (-3.84 percent) has still not revealed why the launch failed to materialize as scheduled at the end of July. Despite the lack of information its trading volumes picked up this week.
Bitcoin $7,366.60 USD (-3.11 percent): BTC price must hit nearly $213,000 to replace U.S. money supply, according to a report by UBS. “Our findings suggest that Bitcoin, in its current form, is too unstable and limited to become a viable means of payment for global transactions or a mainstream asset class.”
Ethereum $410.74 USD (-1.30 percent): Status, an open source mobile dApp browser, unveiled their client Nimbus, a project focused on sharding and scalability of Ethereum. The Ethereum 2.0 Sharding Client is designed to be compatible with mobile and IoT devices. The goal is to “drive mass adoption of Ethereum.”
DigiByte $0.032530 USD (-11.18 percent) Foundation Ambassado, Josiah Spackman, announced that Apple Inc. have approved the iOS version of Digibyte’s self-titled app. The iOS-based users of the DigiByte app – available in over 50 languages – “can now save, store, spend and send [their] from the DigiByte App for iOS, as well as supporting Digi-ID.”
EOS $7.05 USD (-0.09 percent) network was the leader in terms of transactions yesterday. According to Blocktivity, EOS carried a total of 7,922,266 transactions in the past day, more than 10 times the level of Ethereum, outstripping even the other leading networks Steem and Bitshares.
Komodo $0.129330 USD (-4.39 percent): CEO of Binance, Changpeng Zhao, claims that any general smart contract platform (i.e. Ethereum, EOS) will not be fast enough to achieve success in the long run. He says any blockchain designed for general smart contracts will be too slow and existing blockchains will give way to more specialized ones. He also cited Komodo and Tendermint as they allow developers to build blockchains for specific purposes, suggesting a future consisting of numerous bespoke ledgers.
NEO $27.32 USD (-4.93 percent) users are divided after a Github proposal, authored by NEO co-founder Erik Zhang, to change the structure of the NEO token and allow it to be divisible for the upcoming software version 3.0. the debate is whether it will drive active participation or drive the NEO price down.
Stratis $2.08 USD (-6.87 percent) have released the Stratis Breeze Wallet with Breeze Privacy Protocol, which makes it possible to make transactions private on the Bitcoin blockchain. Organisations wishing to conduct on-chain business without it being public can now do so.
Telegram: Virgil Security, Inc., a cryptographic services provider, has published a report which raises concerns regarding the security of Telegram Passport. Telegram Passport is a new feature that allows users to upload personal identification documents to be stored in the Telegram cloud. These documents are encrypted so that users can verify their identities on third-party services without exposing their personal data. Virgil argue claim that the use of Secure Hashing Algorithm 2 (SHA-512) is cryptographically weak and that the app doesn’t include the option of a digital signature; exposing Telegram to a similar threat as when hackers exposed the phone numbers of 15 million Iranian Telegram users.
– WN.com, Jamie Saarloos