Tuesday, June 19, 2018

Rebound / BlockBox / EOS / Walmart

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Here are today's ten most important Bitcoin stories, efficiently ranked & summarized by smart humans, not algorithms:

$BTC (1:44 p.m. EST): $6,728.20 (0.30%) // 90-day high: $11,849.50 // 90-day low: $6,247.06/ / More

$BCH (1:44 p.m. EST): $891.21 (1.22%) // 90-day high: $1,786.80// 90-day low: $608.37 // More

$ETH (1:45 p.m. EST): $532.51 (3.22%) // 90-day high: $831.65 // 90-day low: $365.43 // More

$LTC (1:45 p.m. EST): $98.41 (0.53%) // 90-day high: $251.03 // 90-day low: $93.45 // More

$XRP (1:45 p.m. EST): $0.54 (1.14%) // 90-day high: $1.20 // 90-day low: $0.47 // More

Here are the 10 most important stories about bitcoin and cryptocurrencies today

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1. The value of cryptocurrencies continued to jump on Tuesday. Monday saw the cryptocurrency market gain $13 billion in value in just one hour and that growth has continued today. Bitcoin has jumped nearly 5 percent over the last 24 hours, while ethereum, bitcoin cash, and ripple have all seeing significant increases as well. Of the 10 largest cryptocurrencies, tron has been the biggest winner with a 16 percent increase in price over the last day. –COIN TELEGRAPH

Bitcoin, altcoins surge in price
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2. An Amsterdam-based company has seen revenue quintuple this year thanks to new container-size data centers that mine bitcoin. The company, BitFury, has made $450 million in revenue this past year thanks to its BlockBox data centers. There facilities can extract about 15 tokens per month. They are sold individually and can be placed anywhere in the world their owner wants to put them. Each box holds about a hundred thousand chips used for processing bitcoin transactions. -SCMP

BlockBox technology takes off
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3. The EOS blockchain froze after shortly launching this past weekend, igniting criticism on social media. The freeze came less than 48 hours after the network went live. The freeze ended a hectic period for EOS, which included last-minute code tweaks, an elaborate election of entities tasked with created transaction blocks, and the token sale. The network instituted a failsafe network freeze while developers corrected the problem. EOS was back online shortly thereafter. -COINDESK

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4. Walmart has been issued three patents for blockchain-related systems. The patents include a system to obtain medical records on the blockchain, a way to manage demand on an electrical grid, and a way to control access to a locked place. Walmart also has two patent applications still out for blockchain-based systems, one that creates a vendor payment sharing system, and another for a courier shopping system. -CRYPTOVEST

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5. Gamers can now play Pokemon on the blockchain. A developer has created Poketoshi, a platform that lets users play the game via the Lightning Network. Blockchain games typically work by reading commands entered into the chatroom by users. In Poketoshi, the commands are entered through a Lightning-enabled virtual controller. –THE NEXT WEB

Pokemon now available on blockchain
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6. Sergio Ermotti, CEO of UBS Group AG, called blockchain “almost a must” for business. Ermotti’s comments came Monday during a television interview. He said that, in general, technology can help firms free up resources but blockchain “is a great way” to increase those efficiencies even further. "Our industry will continue to be under pressure, in terms of gross margins. It's no doubt,” Ermotti said. “The only way you can stay relevant is not only by being strong in terms of capital, in terms of products, the quality of the people you have, advice you give to clients. You need also to be able to price it correctly." -COINDESK

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7. Bitcoin’s notorious volatility has decreased in recent weeks. That could signal a bottom of the market, one analyst believes. -CNBC

8. The smallest nations have become havens for blockchain companies. Countries like San Marino and Gibraltar have welcomed these firms with open arms, promising loose, or non-existent, regulatory frameworks. –NEWS BTC

9. Mathematician Andrew Polestra wants to improve the privacy afforded by online money like bitcoin. Polestra has been writing code to hide bitcoin’s “trails,” little traces of personal information that can be gleaned when using bitcoin. -COINDESK

10. EOS is now live. Check out this guide that provides an overview of the coin, its history, and other information investors might want to know. -BITCOINIST

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From the Forums

An AMA with the person who runs the most southerly bitcoin node in the world.

How the bitcoin and marijuana communities can work together.

An upcoming stress test for bitcoin cash.

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