Monday, June 4, 2018

Daily Coin Update - Tuesday, June 5th 2018

Daily Coin Update

Tuesday, June 5th 2018

Coin Value 24h Change 24h Volume Mkt Cap
(BTC) Bitcoin $7,420.32 -3.7% $5b $127b
(ETH) Ethereum $583.65 -5.64% $2b $58b
(BCC) BitConnect $0.6949 -4.66% $3k $7m
(XMR) Monero $158.92 -6.12% $39m $3b
(DASH) Dash $311.94 -5.42% $80m $3b
(XRP) Ripple $0.6463 -6.8% $485m $25b
(NEO) NEO $52.22 -6.92% $92m $3b
Missing something? Comments? Suggestions? Email me at ohad@ohadron.com

Ripple Technology in the Palm of Your Hand

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June 4th, 2018

Ripple Technology in the Palm of Your Hand

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FEATURES

Live Transaction: Santander's One Pay FX

Santander recently released One Pay FX -- the first mobile application for international payments powered by blockchain technology. Watch as real money moves from the U.K. to the U.S. via One Pay FX.

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in-the-news

NEWS

CNBC: Momentum for Ripple Continues to Build

Ripple has had a record first quarter, signing 20 production contracts with new firms, including the largest bank in Kuwait. Ripple CEO Brad Garlinghouse spoke to CNBC about the continued momentum.

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Ripple is at Money20/20 Europe this week in Amsterdam.

GitHub / ZenCash Attack / Coinbase in Japan / Amazon Web Services

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$BTC (12:22 p.m. EST): $7,513.44 (-2.72%)

90-day high: $11,849.50// 90-day low: $6,247.06// More

$BCH (12:23 p.m. EST): $1,111.42 (-5.40%)

90-day high: $1,786.80// 90-day low: $608.37 // More

$ETH (12:23 p.m. EST): $589.44 (-4.91%)

90-day high: $831.65 // 90-day low: $365.43 // More

$LTC (12:24 p.m. EST): $119.51 (-5.38%)

90-day high: $251.03 // 90-day low: $111.31 // More

$XRP (12:24 p.m. EST): $0.65 (-1.90%)

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. Microsoft’s reported acquisition of GitHub has already caused dissension in the bitcoin community. Bitcoin developers have traditionally used GitHub as a global participation environment. News of a corporate takeover, though, has some calling for the community to leave GitHub for another platform. In fairness, bitcoin developers have long discussed moving to a proprietary platform, but Microsoft’s involvement in GitHub may now speed up that process. -BITCOINIST

GitHub acquisition angers some in bitcoin community
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2. ZenCash has fought off a 51 percent attack. These types of attacks attempt to take control of 51 percent of a blockchain’s hashrate, allowing for hackers to take control of the network. ZenCash became a target Sunday at 2:43 UTC, but developers were able to combat the attack by contacting exchanges to increase confirmation times to mitigate the risk of double-spend. Bitcoin Gold and Verge both recently were victims of similar attacks. –NEWS BTC

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3. Coinbase plans to enter the Japanese cryptocurrency market. Coinbase said it intends to apply for a license with the country’s financial regulator, the Financial Services Agency, within a year. The process is mandatory for all crypto exchanges that operate within the country. Coinbase’s Japanese trading service will focus on supporting major cryptocurrencies such as bitcoin and ethereum. Coinbase currently has more than $20 million customers and to date has traded $150 billion in digital assets. –COIN TELEGRAPH

Coinbase looking to enter Japanese market
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4. Developers are currently testing a new cryptocurrency that implements three major blockchain technology advances. Called MimbleWimble, the project incorporates Schnoor, Bulletproofs, and Dandelion in an effort to create a more secure and efficient blockchain. Instead of starting from scratch, the developers wanted to build the framework around technologies that a circle of experts believe in but have not yet been used on a large scale. -COINDESK

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5. Amazon Web Services is now offering blockchain-as-a-service. While AWS gave little specifics about its BaaS launch, the deployment is significant, as AWS is largely seen as the world’s leading cloud computing provider. AWS said its goal is to help drive mass adoption of blockchain technology through use cases from which people can benefit sooner rather than later. A number of other prominent technology companies, including IBM, HP, Microsoft and SAP already offer blockchain-as-a-service features. –THE MERKLE

Amazon now offering blockchain-as-a-service
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6. Airports may be the first true use case for cryptocurrencies. Cryptocurrency-related stories have sprung up in international airports across the world, providing a way for customers to pay without exchanging different currencies or using credit cards. -CNET

7. The Bitcoin Cash Fund has created a new website to educate businesses and individuals on bitcoin cash to help speed adoption. The site, bitcoincashers.org, tells users how to buy and spend bitcoin cash, provides information on the necessary resources to use the coin, and explains how people can get started. -COINGEEK

8. The Hodl Hodl bitcoin exchange platform has succeeded using multi-signature smart contracts. The exchange never touches bitcoin deposits or traditional fiat payments, but instead provides listings for people to connect, plus an interface to help users apply smart contracts directly to bitcoin. -COINDESK

9. BitPesa has found success in Africa. The startup exchange is one of a handful of companies helping to bring cryptocurrency to the continent, which has long been served by remittance companies like Western Union. –NEWS BTC

10. Samsung SDS has unveiled Nexfinance, a blockchain-based finance platform. Nexfinance will offer services such as digital identify, finance concierge, artificial intelligence virtual assistant, and automatic insurance payment. -ZDNET

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From the Forums

Ethereum could be the backbone of the new internet, one writer argues.

The argument to increase bitcoin block size has been ongoing for more than three years. Some things never change.

Thoughts on the Chinese government's blockchain push.

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