- Today’s main news: Coinbase exploring crypto ETF, with BlackRock’s help. Goldman Sachs ditches plan for bitcoin trading. Binance to give away 1 million TRX tokens. Coinbase to offer GBP trading pairs.
- Today’s main analysis: How much you’ve lost if you bought at the top of the crypto bubble.
- Today’s thought-provoking articles: Ether plunges more than bitcoin. 10% of last year’s blockchain patents worldwide went to Alibaba Group. Ether, Cardano prices hit 1-year low. Crypto plunges 20% in two days.
- Coinbase, BlackRock explore crypto ETF together. I’m guessing Coinbase sought BlackRock’s help because the SEC hasn’t exactly been friendly to crypto ETFs, and they’re probably thinking that BlackRock’s clout could be helpful. It’s not likely to change minds, but it’s worth a shot.
- Coinbase users get a look at 45 new cryptocurrencies in the mobile app. But not all users.
- Goldman Sachs ditches near-term plans to open bitcoin trading desk. When Goldman announced they were considering a bitcoin trading desk, the price of crypto shot up. Now that they’re ditching the plan, the market is correcting itself.
- Here’s what you lost if you bought at the top of the crypto bubble. There is a massive sell off going on right now. I wonder if those selling their crypto are the same ones who bought at the top of the bubble. Probably, and they’ll kick themselves when the market goes back up again–whenever that will be. Zig when everyone else zags.
- Crypto plunges 20% in two days. It’s another market correction. There could be more falls coming, but eventually the market will hit bottom and bounce up again.
- Wall Street won’t save bitcoin.
- Litecoin tumbles 21.25%.
- Why Bitcoin Gold got delisted from Bittrex.
- Facebook blockchain team is looking for lead dealmaker.
- Twitter explores blockchain to fight scams.
- Cointopia raises $3 million.
- 4 ways to leverage cryptocurrencies.
- Honeyminer offers crypto mining that converts altcoins to bitcoin.
- Elastic crypto supplies.
- Man pleads guilty to stealing over $1 million in cryptocurrency.
- JAMS launches smart contracts, blockchain, cryptocurrency practice.
- Quartz launches cryptocurrency newsletter called Private Key.
- Ether plunges more than bitcoin. This is likely due to Ethereum’s discussions on governance and scaling. If investors aren’t happy with the direction they’ve decided to go, they could be pulling out. Would that lead to another fork? I see ether bouncing back up again after the blockchain sails through turbulent waters.
- 10% of 2017 blockchain patents worldwide went to Alibaba Group.
- Are decentralized cryptocurrencies the future?
- 10 predictions about the future of blockchain.
- Ether, Cardano prices hit 1-year low. Time to buy.
- Ethereum’s future depends on comprehension, community support.
- Binance gives away 1 million TRX tokens.
- GoChain to be be added to Binance.
- TransferGo opens payments corridor to India using Ripple.
- Abra adds support for SEPA account holders.
- Abra partners with Coinify to service Europe.
- Smart Valor gets approval for banking license.
- Crypto ATMs to multiply in Greece.
- Wuabit launches WhatsApp crypto wallet.
- EU should adopt common cryptocurrency rules.
- United Kingdom: Coinbase to offer trading pairs for GBP. I see Coinbase’s UK business picking up significantly.
- India: Country considers national digital currency to avoid printing money. This is actually a good move. Eventually, every country will likely have a digital currency.
- Australia: Byte Power Group aims for $15 million ICO.
- Russia: Waves rolls out smart contracts.
- Turkey: Borsa Istanbul Stock Exchange develops blockchain-powered customer database.
- India: Largest blockchain conference in the country is a positive sign for bitcoin.
- Africa: South African Reserve Bank wins award for best distributed ledger.
- Samoa: Central bank warns that crypto is not legal tender.
- United States
- Coinbase is exploring a crypto ETF, and it has sought help from $ 6 trillion Wall Street giant BlackRock (Business Insider), Rated: AAA
- Coinbase Users See 45 New Cryptocurrencies On Its App (Use the Bitcoin), Rated: A
- Goldman Sachs is ditching near-term plans to open a bitcoin trading desk (Business Insider), Rated: AAA
- If you bought at the top of the crypto bubble, here’s how much you’ve lost (CNBC), Rated: AAA
- Bitcoin bloodbath: Cryptocurrency plunges 20% in two days (CNN Money), Rated: AAA
- Wall Street Won’t Save Bitcoin (Forbes), Rated: A
- Litecoin Tumbles 21.25% In Selloff (Investing.com), Rated: A
- Why Bitcoin Gold Got Delisted From Bittrex (CoinTelegraph), Rated: A
- Facebook’s blockchain team is looking for a lead dealmaker (CNBC), Rated: A
- Twitter CEO Tells Congress It’s Exploring Blockchain to Help Fight Scams (CoinDesk), Rated: A
- Cointopia raises $ 3 million for marketplace for blockchain companies and services (VentureBeat), Rated: A
- 4 Ways to Leverage the Fast Growth of Cryptocurrencies for Success (Entrepreneur), Rated: A
- Honeyminer – Bringing Cryptocurrency Mining to the Masses (Honeyminer Email), Rated: A
- Elastic Cryptocurrency Supplies: A Step in the Right Direction (AIER.org), Rated: A
- New Jersey Man Pleads Guilty to Stealing More Than $ 1 Million in Digital Currency (WSJ), Rated: A
- Bitfi crypto wallet is no longer ‘unhackable’ (Coingeek), Rated: A
- DIGITAL CURRENCY MINE OPENS NEAR COLUMBIA FALLS (Daily Interlake), Rated: B
- JAMS Launches Smart Contracts, Blockchain and Cryptocurrencies Practice (PR Newswire), Rated: B
- Introducing Private Key, a newsletter about cryptocurrencies from Quartz (Quartz), Rated: B
- Ether plunges more than bitcoin, frustrating investors who believed it was the better alternative (CNBC), Rated: AAA
- 10% of 2017’s Blockchain-Related Patents Worldwide Are Registered to Alibaba Group (Crypto Crimson), Rated: AAA
- Decentralized Cryptocurrencies Are The Future (Forbes), Rated: A
- What Does The Future Of Blockchain Hold? 10 Predictions From Tech Experts (Forbes), Rated: A
- European Union
- Ether, ADA Crypto Prices Hit Lowest Levels In Over 1 Year (CoinDesk), Rated: AAA
- Ethereum’s future depends on comprehension and community support (Yahoo!), Rated: A
- Binance Gives Away 1,000,000 TRX Tokens, Don’t Miss Them! (Coinfrenzy), Rated: AAA
- TransferGo Opens Payments Corridor to India Using Ripple Tech (CoinDesk), Rated: A
- GoChain (GO) Wins The Month, To Be Added On Binance (Ethereum World News), Rated: A
- Abra crypto wallet adds support for SEPA account holders (Coingeek), Rated: A
- Crypto Wallet & Exchange Abra Teams Up With Coinify to Extend Services in Europe (Crowdfund Insider), Rated: B
- Swiss Blockchain Company Gains Regulator Approval, Seeks Banking License in 2019 (CoinTelegraph), Rated: A
- CRYPTOCURRENCY ATMS SET TO MULTIPLY IN GREECE (Bitcoinist), Rated: A
- Wuabit Launches Crypto Wallet for WhatsApp (CryptoDigest), Rated: A
- EU should adopt common cryptocurrency rules, report for ministers says (Reuters), Rated: B
- United Kingdom
- Coinbase to Offer New Crypto Trading Pairs for British Pounds (CoinDesk), Rated: AAA
- Australian Firm Aiming for $ 15 Mln ICO for Crypto Exchange Addresses Regulatory Scrutiny (CoinTelegraph), Rated: AAA
- India contemplates introducing a national digital currency to avoid printing money (The Next Web), Rated: AAA
- INDIA’S LARGEST BLOCKCHAIN CONFERENCE A POSITIVE SIGN FOR BITCOIN, CEO SAYS (Bitcoinist), Rated: A
- Turkish Exchange Develops Blockchain-Based Customer Database (CoinTelegraph), Rated: AAA
- Waves is rolling out smart contracts: What will this mean for users? (Chepicap), Rated: AAA
- SARB wins award for best distributed ledger initiative (My Broadband), Rated: AAA
- Samoa’s Central Bank Warns Cryptocurrencies Are not Legal Tender (cryptovest), Rated: AAA
Coinbase is exploring a crypto ETF, and it has sought help from $ 6 trillion Wall Street giant BlackRock (Business Insider), Rated: AAA
Coinbase, the cryptocurrency exchange operator, is looking into getting a crypto exchange-traded fund off the ground, and it has sought help from the $6 trillion asset manager BlackRock.
Coinbase Users See 45 New Cryptocurrencies On Its App (Use the Bitcoin), Rated: A
Coinbase users have reported seeing up to 50 new tokens on their app. Coinbase has commented that these are part of an educational platform and non-supported coins as listed as such. Still, it’s a step in a direction toward Coinbase’s earlier announcement of wanting to “add 40 new” tokens to its trading site.
Goldman Sachs is ditching near-term plans to open a bitcoin trading desk (Business Insider), Rated: AAA
- Goldman Sachs is putting on hold plans to open a desk to trade cryptocurrencies, including bitcoin, according to people familiar with the matter.
- Goldman is instead focusing its energy on a custody product for crypto meant to better service large institutional clients.
If you bought at the top of the crypto bubble, here’s how much you’ve lost (CNBC), Rated: AAA
Those who bought cryptocurrency at the start of 2017 likely felt pretty savvy in December. But if you bought late last year, that’s certainly not the case today.
The entire crypto market has lost roughly 65 percent of its value as of Thursday but some coins have fared worse than others.
Here’s where you’d stand if you invested $1,000 in the top five coins at the height of their hype:
- If you put $1,000 into bitcoin on that day, you would have lost about $650, with $350 left in it today.
- If you put $1,000 in ether at its high in January, you would have lost $836.
- If you put $1,000 in bitcoin cash at the high in December, you would have lost $858 by September of this year.
- If you bet $1,000 on Litecoin at its high in December, you would have lost $833 as of Thursday. The cryptocurrency is now trading around $50 after topping $330 late last year.
- If you invested $1,000 in XRP at its high earlier this year, you would have lost the vast majority of that investment — $920.
Bitcoin bloodbath: Cryptocurrency plunges 20% in two days (CNN Money), Rated: AAA
Bitcoin investors are getting their digital butts kicked lately. Hard. Bitcoin prices have plunged more than 20% in the past two days.
Ethereum, Litecoin, Ripple and other cryptocurrencies have suffered similarly large drops. The reason for the latest pullback? A Business Insider report that investment banking giant Goldman Sachs ( ) may be dropping plans to launch a crypto trading desk.
Wall Street Won’t Save Bitcoin (Forbes), Rated: A
I was always skeptical that Goldman or any other big bank had near-term plans to launch a cryptocurrency trade desk. Explore it? Heck yes. Why not when crypto was all the rage. But actually start one when there is so much uncertainty surrounding price, transparency and custody?
Litecoin Tumbles 21.25% In Selloff (Investing.com), Rated: A
Litecoin was trading at $56.130 by 20:20 (00:20 GMT) on the Investing.com Index on Thursday, down 21.25% on the day. It was the largest one-day percentage loss since September 14, 2017.
The move downwards pushed Litecoin’s market cap down to $3.37B, or 1.60% of the total cryptocurrency market cap. At its highest, Litecoin’s market cap was $14.10B.
Why Bitcoin Gold Got Delisted From Bittrex (CoinTelegraph), Rated: A
Crypto exchange Bittrex is set to delist Bitcoin Gold (BTG), a hard fork of Bitcoin (BTC), by Sept.14, after details of an $18 million hack of the BTG network in May emerged this week. How unexpected was this announcement coming from the exchange, and what are the chances for BTG now that it has found itself in the midst of yet another scandal?
Facebook’s blockchain team is looking for a lead dealmaker (CNBC), Rated: A
Facebook is looking for a “head of business development & partnerships” for blockchain at its Silicon Valley headquarters. Qualifications include at least 15 years of dealmaking experience for someone who can “lead, grow and mentor a global team of experienced business development professionals.”
Twitter CEO Tells Congress It’s Exploring Blockchain to Help Fight Scams (CoinDesk), Rated: A
Twitter CEO Jack Dorsey told a Congressional committee Wednesday that the social media company is exploring blockchain solutions for its platform.
Dorsey was responding to a question from California Representative Doris Matsui during a House Committee on Energy and Commerce hearing that focused on user privacy protections, misinformation, content moderation and alleged bias against political conservatives on Twitter.
Cointopia raises $ 3 million for marketplace for blockchain companies and services (VentureBeat), Rated: A
Cointopia announced it has raised $3 million and is opening its marketplace connecting blockchain companies with top-tier service providers. That means that if you’re starting a blockchain startup or are a big company looking for blockchain services, the Cointopia Marketplace is there for you.
4 Ways to Leverage the Fast Growth of Cryptocurrencies for Success (Entrepreneur), Rated: A
Investing in cryptocurrencies is like holding a share in a new business that can either make you wealthy beyond your wildest dreams or leave you with nothing but a piece of paper. Unlike what happens when you purchase a share of a company, however, by owning a cryptocurrency, you are in effect buying into the belief that it will become a world currency potentially able to replace the euro or dollar, or other traditional monetary unit.
Dip investment in cryptocurrency follows the arbitrage principle, which says to buy low and sell high.
Leveraging the arbitrage principle across trading platforms
Cryptocurrencies are sold on many different trading platforms, and often prices among them vary slightly,allowing you to buy low on site A and sell it for a profit on site B, often in a matter of minutes, if not seconds.
Perhaps the lowest-risk way to invest in cryptocurrency is to work in the industry itself.
Honeyminer – Bringing Cryptocurrency Mining to the Masses (Honeyminer Email), Rated: A
A new and fast-growing company, Honeyminer has created an easy-to-use software platform for those who otherwise don’t have the resources or capability to participate in mining.
Honeyminer puts users’ spare computing power to work to “verify” blockchain entries, which is the backbone of how digital assets are created and maintained. Users mine any of a number of cryptocurrencies and are rewarded in bitcoin based on the amount of computing power they contribute. Currently, Honeyminer is setup to automatically mine the most profitable coin for users based on valuation, though the company is developing speculative mining whereby users will have the ability to mine their coin of interest.
In recent weeks, the company has surpassed 50,000 users, with more than 1 in 3 living in emerging markets.
Elastic Cryptocurrency Supplies: A Step in the Right Direction (AIER.org), Rated: A
A major shortcoming of bitcoin and most other cryptocurrencies is the way in which their supplies are governed. With a perfectly inelastic supply over the relevant time horizon, a change in demand is entirely reflected by a change in the cryptocurrency’s price. Since demand shocks are relatively common, this means that cryptocurrencies are subject to high price volatility.
A New Jersey man admitted in court Wednesday to kidnapping a friend and then stealing more than a million dollars in cryptocurrency from him, an unusual crime that is among the first major cryptocurrency cases brought by Manhattan prosecutors.
Louis Meza, of Passaic, N.J., pleaded guilty to second-degree kidnapping and first-degree grand larceny in state Supreme Court in Manhattan. Under the plea agreement, he agreed to a 10-year prison term, although his sentence will ultimately be determined by the judge.
Bitfi crypto wallet is no longer ‘unhackable’ (Coingeek), Rated: A
In July, cryptocurrency wallet Bitfi boasted of its tight security and even went as far as daring security experts to try their hand at taking down the supposedly “unhackable” wallet. More than a month and several hacks later, the startup has come out to admit defeat.
DIGITAL CURRENCY MINE OPENS NEAR COLUMBIA FALLS (Daily Interlake), Rated: B
In a nondescript warehouse near the intersection of U.S. 2 and Montana 206 in Columbia Falls, a new mine has quietly come online.
Inside, the dull roar of fans drowns out all other noise as they work to cool more than 1,000 servers working at a breakneck pace to complete the complex equations necessary to harvest digital currency.
JAMS Launches Smart Contracts, Blockchain and Cryptocurrencies Practice (PR Newswire), Rated: B
JAMS, the largest private provider of mediation and arbitration services worldwide, is pleased to announce the launch of its Smart Contracts, Blockchain and Cryptocurrencies practice, the first of its kind among institutional ADR providers. The practice is focused on creating protocols that support the use of ADR in disputes arising from blockchain transactions, including smart contracts.
Introducing Private Key, a newsletter about cryptocurrencies from Quartz (Quartz), Rated: B
It can be hard to keep up with things in crypto, so we created a guide to make sense of it all. Private Key is a premium newsletter about cryptocurrencies, blockchain, and everything in between. Starting today (Sept. 5), Quartz will bring you smart, informative, and thought-provoking material from these fast-growing—and sometimes, fast-contracting—markets, delivered to your inbox twice a week.
Sign up here for a two-week trial subscription; after that, the newsletter costs $15 a month, or $150 a year.
Ether plunges more than bitcoin, frustrating investors who believed it was the better alternative (CNBC), Rated: AAA
The world’s second-largest digital asset is down 76 percent this year and can’t seem to catch a break. Investor patience is wearing thin — mainstream adoption isn’t here yet, folks can now short the market, and blockchain competitors are gunning to be the top platform for developers.
Ethereum certainly has a first-mover advantage, but with that comes the target on its back.
Cayman Islands-based start-up EOS, for example, has been billed as the “ethereum killer” and raised $4 billion in its ICO before the product even went live in June. While it had a rocky launch, the project is spending part of that treasure chest to incentivize developers to build applications on its platform, instead of Ethereum.
Shorting the market
In addition to competitors entering the marketplace, Ethereum is also dealing with short-sellers. Earlier this year, peer-to-peer trading platform BitMEX came up with a swap product that allows investors to bet against ether, which former Goldman Sachs analyst Timothy Tam said has dampened prices.
Bitcoin & ether’s one-year performance
10% of 2017’s Blockchain-Related Patents Worldwide Are Registered to Alibaba Group (Crypto Crimson), Rated: AAA
In his quest to make Alibaba a commercial empire and not be left behind in the career of business, Alibaba has decided to bet on the use of blockchain technologies in various sectors related to its industry. This strategic move seems to confuse many since Jack Ma himself has commented on several occasions that he does not have enough knowledge about Bitcoin and has warned about a possible crypto-bubble.
Decentralized Cryptocurrencies Are The Future (Forbes), Rated: A
On the July 23 I wrote an article about cryptocurrency decentralization called Dogecoin for Decentralization. In the last few days the price of dogecoin has rocketed.
The key point of the article was that I trust the decentralized, permissionless, consensus based cryptocurrencies firmly rooted in the bitcoin whitepaper dream of an unstoppable digital global currency. I don’t extend that trust to the centralized coins and tokens, with their un-minable blockchains owned and controlled by who knows who.
What Does The Future Of Blockchain Hold? 10 Predictions From Tech Experts (Forbes), Rated: A
Much like the Dot Com bubble of the late ’90s and early 2000s, many experts believe that these failed initiatives are simply part of the natural “boom and bust” cycle, and blockchain is just beginning to find its footing in the larger economy. Here’s what members of Forbes Technology Council predict will happen with cryptocurrency — and its nascent supporting technology — in the coming years.
2. DLT-Based Government Systems
4. A Growing Need For Credible Crypto Backing
7. Autonomous Negotiation And Trade
9. Cryptocurrency Is Just Going Through Normal Product Cycle
Ether, ADA Crypto Prices Hit Lowest Levels In Over 1 Year (CoinDesk), Rated: AAA
Ethereum, the world’s second largest cryptocurrency by market capitalization, fell to its lowest price since 2017 on Wednesday, a development shared by Cardano, the world’s ninth largest by market capitalization.
Ether was last seen trading at $221.88, marking roughly a 4.95 percent decline since the day’s open and a 19.83 percent decline over 24-hours.
At press time, ether is one of the biggest losers among the top 10 cryptocurrencies by market capitalization and is reporting a 7-day loss of 20.06 percent. Its individual market capitalization also fell by more than $5.8 billion within that period.
Ethereum’s future depends on comprehension and community support (Yahoo!), Rated: A
Even the cryptocurrency’s eight co-founders can’t agree on how exactly it needs to evolve. What’s better between centralization versus decentralization networks? How should authentication be developed and secured? What innovation needs to take place?
Binance Gives Away 1,000,000 TRX Tokens, Don’t Miss Them! (Coinfrenzy), Rated: AAA
In a recent tweet, Binance announced that it would be giving away 1,000,000 TRX tokens in a TRX trading competition.
Wondering if you could be a part of the giveaway or not? Here are the eligibility criteria as per the official post by the renowned cryptocurrency exchange:
1) Have a trading volume of at least 300,000 TRX (buys + sells) during the competition period.
2) Complete identity verification (level 2 verification)
TransferGo Opens Payments Corridor to India Using Ripple Tech (CoinDesk), Rated: A
Payment provider TransferGo has announced it is launching a remittance corridor to India that uses Ripple technology for near real-time transactions.
Available from “anywhere in Europe,” the firm said in a press release that using Ripple’s services allows it to replace the “multiple slow incumbent communications systems, most prominently Swift, where transfers can take up to 2–3 days.”
GoChain (GO) Wins The Month, To Be Added On Binance (Ethereum World News), Rated: A
The 9th edition of the Binance Community Coin of the month competition has ended, and the winner is none other than GoChain. The aim of the competition is go give a chance for the listing of new cryptos on the Binance platform.
In the case of the free chance, Binance nominated GoChain (GO) to participate in the competition along others that included Cortex (CTXC), Byteball (GBYTE), MediBloc (MEDX),and Everipedia. From the votes cast, GoChain won with 46%, Everipedia got 23%, Cortex scored 14%, Byteball scooped 8.8%, and MediBloc came last with 6%.
Abra crypto wallet adds support for SEPA account holders (Coingeek), Rated: A
The cryptocurrency wallet and exchange Abra has launched support for customers with Single Euro Payment Area (SEPA) bank accounts. With the move, those citizens of the 28 states of the European Union (EU), along with those in the European Free Trade Association (EFTA) and in Monaco, Andorra and San Marino, can purchase cryptocurrencies directly through a bank transfer. In addition to grabbing hold of a larger consumer segment, Abra announced that it will soon give users the ability to fund their wallets with Bitcoin BCH.
Crypto Wallet & Exchange Abra Teams Up With Coinify to Extend Services in Europe (Crowdfund Insider), Rated: B
Abra, a U.S.-based all-in-one cryptocurrency wallet and exchange, announced earlier this week it has partnered with Coinify, a global technology gateway for virtual currencies, to extend its services of buying and selling cryptocurrencies to the European market.
Swiss Blockchain Company Gains Regulator Approval, Seeks Banking License in 2019 (CoinTelegraph), Rated: A
Swiss blockchain startup Smart Valor has won approval from the country’s regulators to operate in the local financial market, Reuters reported September 5.
Smart Valor will be regulated by the local Financial Services Standards Association (VQF) rather than the national regulatory agency, the Financial Market Supervisory Authority (FINMA). The VQF is authorized by FINMA to check anti-money laundering (AML) compliance.
CRYPTOCURRENCY ATMS SET TO MULTIPLY IN GREECE (Bitcoinist), Rated: A
According to the Greek Reporter, a local company wants to increase Greece’s total number of cryptocurrency ATMs. Stefanos Getsopoulos, a cryptocurrency entrepreneur, says his company has plans to install three Bitcoin ATMs in the northern part of the country.
Wuabit Launches Crypto Wallet for WhatsApp (CryptoDigest), Rated: A
Wuabit is a Spanish startup that has successfully launched its beta of a cryptocurrency wallet that can be used on top of WhatsApp, according to Manuel Polo, the founder and CTO of Wuabit.
EU should adopt common cryptocurrency rules, report for ministers says (Reuters), Rated: B
The European Union should adopt common rules on cryptocurrencies and scrutinize how new digital units are distributed to investors and subsequently traded, according to a report prepared for EU finance ministers.
Coinbase to Offer New Crypto Trading Pairs for British Pounds (CoinDesk), Rated: AAA
Cryptocurrency exchange Coinbase has announced it will begin rolling out new order book trading pairs for British pounds (GBP) on Sept. 7 for traders based in the U.K.
Australian Firm Aiming for $ 15 Mln ICO for Crypto Exchange Addresses Regulatory Scrutiny (CoinTelegraph), Rated: AAA
Byte Power Group (BPG), the Australian company aiming to launch the country’s first cryptocurrency exchange using an ICO, responded to regulatory pressure with fresh information about its plans Wednesday, September 5.
BPG has since begun selling its BPX tokens, aiming to raise $15 million to build the exchange, whereupon users will be able to use the tokens to pay fees in a manner similar to that of fellow exchange Binance.
India contemplates introducing a national digital currency to avoid printing money (The Next Web), Rated: AAA
In 2017, India spent Rs 636 crores ($88 million) to print currency notes. The Reserve Bank of India (RBI) wants to bring those costs down, so it’s thinking of introducing a form of fiat digital currency instead of paper.
To explore the feasibility of that idea, the central body has formed an interdepartmental group.
INDIA’S LARGEST BLOCKCHAIN CONFERENCE A POSITIVE SIGN FOR BITCOIN, CEO SAYS (Bitcoinist), Rated: A
With over 200 government attendees and 5,000 registered, India hosted the country’s largest blockchain conference at the beginning of August. According to the CEO of the company co-hosting the event, this is a major signal that governments are embracing further blockchain adoption.
Turkish Exchange Develops Blockchain-Based Customer Database (CoinTelegraph), Rated: AAA
Waves is rolling out smart contracts: What will this mean for users? (Chepicap), Rated: AAA
Last month, decentralized exchange (DEX) Waves made news when it broke over $5 million in daily trading volume, marking it as an important DEX to watch. This week it announced via Twitter that it will be rolling out smart contract capability on September 10th, which it says will bring with it a number of new features.
SARB wins award for best distributed ledger initiative (My Broadband), Rated: AAA
Project Khokha, the distributed ledger project developed by the South African Reserve Bank (SARB), has received the “Best Distributed Ledger Initiative” award from Central Banking Publications.
The SARB accepted the inaugural award at a gala dinner in Singapore on 6 September 2018. The award recognised the promise of Project Khokha’s potential applications in central banking.
Samoa’s Central Bank Warns Cryptocurrencies Are not Legal Tender (cryptovest), Rated: AAA
The Central Bank of Samoa has issued a public statement, warning that cryptocurrencies are not recognized as legal tender in the country and are not issued or regulated by the bank.