CryptoDaily; Apple, Binance, BitMEX, Coinbase, Ripple, Bitcoin,John McAfee; August 31,2018 22119
Bitcoin News
Aug 31, 2018 at 8:13 PM



Walmart plans to build an army of robots using blockchain

Retail giant Walmart is getting ready to enter the world of blockchain in a big way. It has plans to develop an army of autonomous robots controlled and authenticated through a blockchain network.According to documents released by the U.S. Patent & Trademark Office (USPTO) on Thursday, Walmart has applied to patent a system that oversees the “in-field authenticating of autonomous robots.” The Bentonville, AR-based firm submitted the patent application in Jan. 2018. Read more


Binance Q1 2018 profits surpasses Deutsche Bank’s, reaches close to Nasdaq’s

Binance Q1 2018 profits are surpassing Deutsche Bank’s and is getting close to that of Nasdaq’s, claims Dovey Wan, the managing director of DanHua Capital who is also a crypto investor. She took to Twitter to provide an insight into the crypto industry and pointed out that this year, Binance is outperforming Deutsche Bank in Q1. Read more

Dark Web’s Silk Road Bitcoin Wallet valued at over $800 million activates after 4 years

Evidence has emerged that indicates that the owner of a Silk Road wallet has been in the process of funds transfer for the past few days. The mechanism of sub-wallets is used here, wherein the owner divides the total into chunks of 100 coins and transfers them.  Read more

Bitmain CEO’s “modus operandi” is to fork and split the Bitcoin Cash chain: Craig Wright

In a recent interview, Craig Wright, the Chief Scientist at nChain, revealed about the recent meeting regarding the Bitcoin Cash [BCH] blockchain split. However, he reportedly walked out of the meeting early calling the “load of bullshit”, among many other things.In the interview with Crypto Strategies, Wright said, “basically we have a rehash of core, except this time it’s ABC” hinting at the developer team which is head by Bitmain’s efforts. Read more

Bitcoin “bear market is psychologically motivated,” says John McAfee

Bitcoin enthusiast, John McAfee has raised his voice again in support of Bitcoin (BTC). The support came in at a time when Bitcoin is passing through a shaky ground, where its price is fluctuating and speculators are getting down hard on the virtual currency. McAfee is of the opinion that the current year has been a boon for Bitcoin in terms of its “adoption and use”. The “bear market” that the particular currency has reflected, is a mere passing phase, indicating that the “bull market” might soon be rising in the eastern sky. Read more

Cryptocurrency to Replace Local Currency in Korean Province

Gyeongsangbuk-do, a province in eastern South Korea has unveiled plans to replace the local currency with a cryptocurrency, as reported by the daily Joongang Ilbo.Currencies weren’t the only target, city-issued gift certificates in Gyeongsangbuk-do were also attempted to be replaced with digital currencies. Only nine cities within the province, also referred to as Gyeongbuk, offer the gift certificates service, which are in the local currency. Read more

Bitmain to become “legendary” by improving its skill management: BitMEX report

BitMEX research unit has published a report stating that Bitmain,a Bitcoin miner maker will become "legendary" on improving skill management. This report got initially leaked on the popular social media platform, Twitter in the initial phase of this week. Finally, BitMEX on its official blog page published the analysed report on this significant mining company based in China, Bitmain on 30th August. Read more

Ripple’s XRP to go down by 97 percent, Monero (XMR) to reach 18K mark: Research

It might be a good time to buy Monero (XMR) as a research firm’s new report suggests that Monero could reach the massive $18,000 mark in just a few years. The same report also hints at a massive crash of Ripple’s XRP.The report by research firm, Satis group, tries to forecast the future of crypto market. And, according to the report, the 11th largest crypto, Monero (XMR) could move up to $18,000 in the next five years, which currently stands just over $105. Read more

Apple withholds crypto collectibles from Coinbase Wallet

Soon after the crypto game War Riders was featured on the Coinbase Wallet iOS app, iPhone stopped all accesses to crypto collectibles. As per reports, Apple won’t be making the access available any time soon.As reported by CoinDesk, an official from Coinbase told Cartified: "Quick heads up – we will be removing from the iOS version as we're not able to highlight dapps that facilitate purchase of digital goods."Cartified is a software startup that works on distributed ledger technology solutions for the automotive industry, and is also responsible for War Riders. Read more

Bitcoin Cash [BCH] settlements now available to BitPay Merchants

The world of crypto news triggered with the blog stating that BitPay merchants can presently receive Bitcoin Cash[BCH] as settlement payment. The merchants can utilise the in-built wallet present on the BitPay for receiving the payment. There will be an alternative of having a separate wallet address for receiving Bitcoin Cash [BCH]. Read more

Big step in crypto evolution as CBOE plans to launch Ethereum futures trading

Chicago Board Options Exchange (CBOE) has set the cryptocurrency market abuzz by telling market makers that plans are in place for pushing futures of ethereum (second largest cryptocurrency as per market capitalization). The end of 2018 is the estimated period of the launch.Bitcoin futures are already on the CBOE, which helped propel it to its highest price back in December 2017. Their upward swing has been relatively contained since the start of the year. Read more

Confusion reigns supreme as Petro is nowhere to be found

According to a report published by Reuters, Venezuela’s oil-backed cryptocurrency Petro is nowhere to be seen or found. It contradicts the claims made by President Nicolas Maduro last week, when he introduced a rebranded fiat currency- the sovereign bolivar. Petro is valued at 3,600 sovereign bolivars, or $60 – the price of one barrel of Venezuelan oil. Read more

EU finance ministers will meet on September 7 to discuss the future of cryptocurrencies

There’s a sense of hope mixed with a tinge of anxiousness as the global crypto community waits in anticipation for the upcoming EU finance ministers' meet on September 7 in Vienna.  The 28-member states’ finance ministers will be meeting to discuss cryptocurrencies and their implications in the eurozone. They will also discuss the steps that should be taken to regulate the cryptocurrency market and ensure that it is not a threat to the economy. Read more

ICON [ICX] team meets governor of upcoming Korean crypto hub Jeju Island

The team behind ICON [ICX] could play a big role in accelerating blockchain development in South KoreaICONCouncil members on Friday met with Won Hee-ryong, the governor of Jeju Island.The meeting was also attended by blockchain venture capital firm Deblock and two ICON DApps. The DApps who participated in the talks are STAYGE One, a blockchain platform for the entertainment industry, and weBloc – ICON's official advertising protocol. Read more

KuCoin completes mainnet swap of Ontology [ONT]

KuCoin, the cryptocurrency exchange platform, has announced that its mainnet swap of ONT is now complete. "KuCoin has completed the MainNet swap of ONT, and the deposit and withdrawal functions are now open. The original deposit address of ONT will remain unchanged,"  according to their official announcement. Read more

Crypto ATM market to swell to $144.5 million by 2023, report suggests

A new research conducted by MarketsandMarkets and tilted ‘Crypto ATM Market by Type (One Way and Two Way), Automated Teller Machine Hardware (Display, Printer, QR Scanner), and Geography (North America, Europe, Asia Pacific (APAC), Rest of the World (RoW) – Global Forecast to 2023’ suggests that the Crypto ATM market is expected to grow to $144.5 million in 2023 from $16.3 million in 2018 at a CAGR of 54.7% during the forecast period. Read more

Finnish victim involves in “satisfactory talk” with $24 mln Bitcoin scam suspects

The businessman of Finland who is victimised in the Bitcoin scam worth $24 million or 5564 Bitcoins have engaged in talks with the suspects. The fraudulent scheme has taken place in Thailand. The two primary suspects of this Bitcoin scam incident are citizens of Thailand, itself.Bangkok Post has reported that the victim named Aarni Otavi Saarimaa is trying to make a negotiation with the suspects. Read more

Russian MP proposes cryptocurrency pegged to gold for arms deals to counter U.S. sanctions

Is Russia really trying to avoid a power play with the U.S? A new report states that a senior Russian Official lawmaker devised a game plan to keep the U.S from meddling with the country's arms dealings. A Russian M.P and the first deputy head of the economic policy Committee at the State Duma (the Russian), Vladimir Gutenev has propositioned to the Kremlin to create a gold-backed cryptocurrency for transactions dealing with arms exports of the country. This according to him will help the country escape the financial sanctions from the west. Read more

Bitmain-backed mining pool to support Ethereum [ETH], Ethereum Classic [ETC], backed by the world’s top crypto mining firm Bitmain Technologies, announced that it will now support Ethereum [ETH] and Ethereum Classic [ETC]., a mining pool, will also offer an Ethereum block explorer and APU.The new mining client, launched to help Ethereum scale its mining infrastructure, will be available through the portal. Users will be able to shift their hashing power from one pool to the other to boost profitability. Read more

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