Tuesday, July 3, 2018

$40 Billion / Russian Military / EU Report / Bitcoin Dominance

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

$BTC (2:45 p.m. EST): $6,606.08 (0.52%) // 90-day high: $9,927.71 // 90-day low: $5,755.25/ / More

$BCH (2:45 p.m. EST): $773.57 (0.59%) // 90-day high: $1,786.80// 90-day low: $608.37 // More

$ETH (2:46 p.m. EST): $468.44 (-0.13%) // 90-day high: $831.65 // 90-day low: $365.43 // More

$LTC (2:46 p.m. EST): $86.70 (2.50%) // 90-day high: $251.03 // 90-day low: $73.12 // More

$XRP (2:46 p.m. EST): $0.49 (3.46%) // 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 cryptocurrency market added more than $40 billion in value over a 48-hour period. The rise came as bitcoin, ether, ripple, and bitcoin cash all jumped between 5 to 10 percent. The price increases have coincided with an increase in trading volume as well. This comes after bitcoin hit a yearly low just last week. Altcoins have played a big role in the increase as well. Cardano jumped 16 percent in one day, while EOS saw a 13 percent rise in value. -CCN

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2. The Russian Ministry of Defense plans to launch a research lab that focuses on blockchain. The country’s military wants to use blockchain to mitigate cybersecurity attacks. The research lab will be housed within Russia’s military technology accelerator, referred to as the ERA. The military will bring together a team of information security specialists with the goal of building an intelligent system to detect and prevent cyber attacks on important databases. -COINDESK

Russian military looking at blockchain
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3. A new report urges European Union members not to ban bitcoin. The report, provided by Policy Department A, comes at the request of the European Union Parliament’s Economic and Monetary Affairs Committee. The paper argues that virtual currencies have utility as a currency, and have a global following because of their decentralized and apolitical nature. “The economists who attempt to dismiss the justifications for and importance of [virtual currencies], considering them as the inventions of ‘quacks and cranks’, a new incarnation of monetary utopia or mania, fraud, or simply as a convenient instrument for money laundering, are mistaken,” the paper reads. -BITCOINIST

Report urges EU not to ban bitcoin
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4. Bitcoin’s dominance over the cryptocurrency market increased last month. The coin accounts for 42 percent of the market’s total value, up from 35 percent in May. The price of altcoins tends to move in correlation with bitcoin. The issue is that when bitcoin, or even ether, lose value, the cryptocurrencies with smaller market caps plummet. When bitcoin, or ether, move up, small cryptocurrencies experience only modest gains. -CCN

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5. The Swiss town of Zug recently completed a trial of blockchain-based voting. Citizens got to vote on their smartphone, using the town’s electronic identification system. Only a handful of citizens actually voted, but those who took part found it easy, city officials said. The city will now conduct a technical analysis of the trial before possibly implementing it in future elections or votes. -FORTUNE

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6. The Government of Bermuda will add a new class of bank to render services to fintech and blockchain organizations. The government will make amendments to its current banking act to regulate banks that offer services to these types of companies. Banks on the island were concerned about potential risks of working with fintech and blockchain companies. Bermuda has largely taken a pro-blockchain stance, seeing it as a way to bring economic activity to the country. –COIN TELEGRAPH

Bermuda to help service blockchain firms
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7. Cardano CEO Charles Hoskinson was invited to talk about the future of cryptocurrencies at Google’s London headquarters last month. Hoskinson discussed how Cardano works, along with discussed the cryptocurrency’s algorithm, Ouroboros. –ETHEREUM WORLD NEWS

8. There is little evidence that bitcoin will one day hit zero. While that is a constant fear among investors – especially those new to crypto – that fear is largely unfounded. –COIN TELEGRAPH

9. This article looks at the five largest bitcoin mining farms in the world. While the names will not be a surprise to those in the bitcoin community it is still an interesting look at some of the world’s largest mining operations. –DIGITAL TRENDS

10. Another list: This one looking at the 50 largest public companies exploring blockchain. The list shows that, if anything, large companies see exploring blockchain as a competitive necessity. -FORBES

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From the Forums

Bitcoin cash exceeds 100,000 transactions per day.

Thoughts about countries that ban bitcoin.

Discussing the EU report on cryptocurrencies.

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Moving Closer to Mainnet Launch

Dear æternity community,

The development of æternity's blockchain continued throughout June with two releases being completed and announced. The implementation of Bitcoin-NG is ongoing and the protocol will soon be introduced to the Testnet. 

The æpps team continued to make improvements to æternity's applications. The porting of æpps is ongoing and the team is in close contact with æternity's core developers to stay updated with the latest Mainnet progress.

æternity's Starfleet Incubator started the selection process of the most promising startups in the blockchain sphere. Ten great projects were selected to continue their participation in the pre-accelerator program during the first Demo Day.

For detailed information about what was accomplished in June, simply scroll down. Many useful links below!

æternity Starfleet's "First 10"

The first Starfleet Demo Day was organized on June 16, 2018 in Sofia, Bulgaria. Seventeen projects from around the had the opportunity to present their ideas and try to continue their Starfleet pre-acceleration journey. Ten projects succeeded to impress the judges and are currently fine-tuning their business models for the second Demo Day which will take place on July 14, 2018. The big prize is funding of up to $250k. Learn more about Starfleet's first Demo Day by clicking the button below.
STARFLEET DEMO DAY 1 REVIEW

FAQ Extravaganza!

To provide answers to some of the most common questions received from the community, æternity's marketing team prepared three brand new FAQs and updated the one in the blog. Access them all by following the link below.
ACCESS THE FAQs

æternity at the United Nations

æternity blockchain had the honor of presenting its technology to a panel at the United Nations Headquarters in Vienna, Austria. During his trip Julio Alejandro, æternity's Global Ambassador, addressed a panel comprised of diplomats, members of the United Nations Industrial Development Organization, and European Commission directors. Read more about his experience in the blog.
ÆT THE UNITED NATIONS

Sophia Smart Contract Tutorial

æternity's Mainnet will launch with Sophia's smart contract language running on the AEVM. In order to help decentralized app developers to quickly get to speed with Sophia's syntax (derived from OCaml/ReasonML), the æpps team published a detailed tutorial. Access it by clicking below.
SOPHIA TUTORIAL

Development Updates

In June the dev team focused on Bitcoin-NG, making smart contracts work with state channels, improving the security, sync and efficiency of the network and prepared a strategy for Mainnet launch. You can follow their progress and get an estimation of when the development of æternity's Mainnet should be complete in the Pivotal Tracker. For all dev updates, click the button below.
ALL DEVELOPMENT UPDATES

æpp Updates

Last month, æternity's æpps team introduced UX improvements to the Messenger æpp by incorporating an utility widget and started testing æpps on Android. They also improved the security of the Base æpp by introducing a "social recovery" option. In addition, there was a new team addition. Alexander Kahl joined the æternity dev tools team to help with the creation of resources for app developers. Get all the details below.
ALL ÆPP UPDATES

Events

To stay up to date on where and when to meet team members next, have a look at our events list by clicking the button below.
ÆTERNITY EVENTS

Crypto Valley Conference

Yanislav Malahov, æternity's Founder, presented æternity and its æpps during one of the largest blockchain-related events in Zug, Switzerland. Nikola Stojanow, AE's CBDO, took part in a panel dedicated to the future of the token economy.

Thank You for Your Ongoing Support!

 
If you would like to interact with the team or community, please feel free to join one or more of the channels below.
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We are thrilled to have you with us!
The æternity team
Our mailing address is:
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