Wednesday, July 18, 2018

Bitcoin Surges / EOS Sabotage? / Aerospace / Online Ads

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

$BTC (1:16 p.m. EST): $7,438.45 (7.10%) // 90-day high: $9,927.71 // 90-day low: $5,755.25/ / More

$BCH (1:16 p.m. EST): $868.15 (6.54%) // 90-day high: $1,786.80// 90-day low: $608.37 // More

$ETH (1:16 p.m. EST): $493.09 (2.17%) // 90-day high: $831.65 // 90-day low: $365.43 // More

$LTC (1:17 p.m. EST): $90.77 (6.05%) // 90-day high: $251.03 // 90-day low: $73.12 // More

$XRP (1:17 p.m. EST): $0.51 (5.18%) // 90-day high: $1.20 // 90-day low: $0.43 // More

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

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1. The price of bitcoin eclipsed $7,000 on Wednesday, at one point jumping more than $600 in an hour. Bitcoin was not the only winner in the cryptocurrency space. Every one of the top 100 coins saw a price increase of some kind, with 84 of the coins surging more than 5 percent. Analysts have had trouble picking one determining factor in the price jump, instead pointing to a number of recent positive headlines, including the possible addition of new coins on Coinbase, David Solomon’s promotion to head of Goldman Sachs (he has been seen as pro-crypto), and Japan’s Line launching its own exchange. –TECH CRUNCH

Bitcoin price surges over last 24 hours
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2. A noted developer believes EOS may be deliberately attacking the ethereum network through dishonest tactics. Justo, a dapp developer from the team behind PoWH3D and Fomo3D, shared his thoughts on Reddit. After some research, he determined that EOS was behind a series of token airdrops with little to no value. This caused the ethereum gas price to risk considerably, congesting the ethereum network. Justo argued that EOS leaders may be using this strategy to promote the migration of users from ethereum to their platform. –ETHEREUM WORLD NEWS

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3. This week Accenture will demo a blockchain prototype tailored for aerospace and defense companies. Accenture has worked in conjunction with Thales, a French multinational aerospace and defense systems company, to create the prototype. The blockchain solution aims to provide certainty to the supply chain, allowing defense organization to verify the authenticity of parts and supplies from beginning to end across the industry’s complex. -FORBES

Accenture to demo blockchain for aerospace, defense
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4. IBM has partnered with Stronghold, a fintech startup, to launch a cryptocurrency tied to the US dollar. The coin, Stronghold USD, will be backed one-for-one with US dollars and insured by the FDIC. The project aims to help reduce volatility in the cryptocurrency market, along with to explore ways to help financial institutions process payments quicker and more securely. -BITCOINIST

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5. Blockchain startup Verasity wants to clean up online advertising. Using new patent-pending proof-of-view technology, Verasity’s platform can verify impressions through a pay-to-view and pay-to-earn model for online advertisements. The company wants to weed out fake views, bots and diluted traffic that have skewed online advertisement viewing statistics. -FORBES

Blockchain company tries to clean up online ads
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6. Boeing plans to develop a pilotless vehicle platform that uses blockchain. The company recently partnered with T, a Texas-based company, to build the platform which will track unmanned air vehicles and allocate flight corridors. “We're at a point in history where technological advances and societal trends are converging to demand bold solutions and a different way to travel,” Boeing’s CTO Greg Hyslop said. –COIN TELEGRAPH

7. Richard Thaler, a Nobel-prize winning economist, has followed Warren Buffet’s advice and plans to avoid bitcoin. “Warren Buffet says a lot of smart things, and one of the things he says is, don’t make investments in things you don’t understand,” Thaler said. “And I have no clue [when it comes to bitcoin].” -CNBC

8. Mastercard continues to apply for blockchain patents. The latest one looks to quicken merchant transactions that use cryptocurrencies. –THE NEXT WEB

9. Bitcoin’s recent price surge means FOMO is back. Bitcoin owners will want to hold on to their coins, while outsiders will want to buy in – quickly. -FORBES

10. Billionaire Marc Lasry believes bitcoin could reach up to $40,000 per coin. The price increase will come as bitcoin becomes easier to trade and a more mainstream form of payment. -CNBC

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From the Forums

Why litecoin is great.

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