Monday, August 27, 2018

CNBC Documentary / Bitcoin Cash Fork? / Iran / NiceHash

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

$BTC (1:59 p.m. EST): $6,764.52 (1.01%) // 90-day high: $8,362.59 // 90-day low: $5,755.25/ / More

$BCH (2:00 p.m. EST): $532.61 (2.27%) // 90-day high: $1,663.91// 90-day low: $513.11 // More

$ETH (2:00 p.m. EST): $279.15 (1.68%) // 90-day high: $790.72 // 90-day low: $242.75 // More

$LTC (2:01 p.m. EST): $57.71 (1.14%) // 90-day high: $162.87 // 90-day low: $52.78 // More

$XRP (2:01 p.m. EST): $0.32 (2.20%) // 90-day high: $0.86 // 90-day low: $0.22 // More

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

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1. CNBC will air a documentary on bitcoin tonight at 6 p.m. EST. Titled "Bitcoin: Boom or Bust," the program promises to "explore the world of bitcoin," looking at the "cast of characters" that make up the bitcoin community. However, the documentary has already received criticism from a short trailer released over the weekend. Most notable is the misuse of the term "HODL," and the focus on bitcoin millionaire Crypto Kid. –ETHEREUM WORLD NEWS

CNBC to air bitcoin documentary
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2. Bitcoin cash could split as two feuding parties seem to be at odds over the future of the coin. Two bitcoin cash software clients – Bitcoin ABC and Bitcoin SV – disagree over the use of atomic swaps, which allows for the exchange of one cryptocurrency for another without the use of third party. Bitcoin ABC announced the initiative in its latest release, however bitcoin cash's largest miner has said it will not commit the hash power for the initiative. While a fork may happen, there are some that believe the two sides are simply making noise to get attention. -INVESTOPEDIA

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3. The Iranian government may reverse its cryptocurrency ban next month. Nasser Hakimi, the chief of innovative technologies at the Central Bank of Iran, said at a recent conference that the government will review the ban amid recent economic turmoil in the nation. Iran issued a blanket ban on cryptocurrencies in April. There is belief that the Iranian government may want to create its own digital coin as a way to raise funds. -BITCOINIST

Iran may lift cryptocurrency ban
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4. Bitcoin in 2018 is much stronger than it was in 2014, according to researcher Willy Woo. Bitcoin slumped in 2014, losing 90 percent of its value over several months and not regaining its value for several years. Woo believes the 2014 crash was intensified by the bankruptcy of Mt. Gox. That type of event has not been part of the 2018 crash, but instead Woo has seen a growing number of institutional investors enter the marketplace. As a result, he believes a bitcoin rebound could come quicker. –NEWS BTC

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5. Bitcoin-mining marketplace NiceHash said it has reimbursed 60 percent of the bitcoins that were stolen late last year. The company suspended operations in December after 4,700 bitcoins were stolen by hackers. While the investigation into the hack continues, the exchange plans to fully reimburse clients that lost coins. It is doing so at a staggered approach as funds become available. Customers are being repaid in bitcoin. -COINGAPE

NiceHash reimbursed 60 percent of stolen funds
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6. Red Hat plans to use blockchain to see how customers use cloud products. The company filed a patent last week that outlines how a blockchain would track cloud transactions across a given platform. The goal is to create a system that tracks software usage for billing purposes without the need to develop new infrastructure. –COINDESK

7. Authorities in India have made an arrest in a high-profile bitcoin scam. Police said the scammer threw lavish parties across the country to lure investors to purchase cryptocurrencies, which he then stole. -BITCOINIST

8. A short talk about blockchain. Just watch the video. –BUSINESS INSIDER

9. A financial analyst believes bitcoin's drop is a thing of the past. He looks at the bearish sentiment surrounding the future market for proof. –COINDESK

10. Here is a look at some altcoins that have succeeded lately against bitcoin. Among the biggest gainers are Nano, Dent, and ICON. –CCN

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From the Forums

A trailer for a new ethereum game.

Thoughts from a dev call.

No chain split.

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Written and curated by David Stegon. He has been a reporter for 15 years, the past 10 focused on technology. Follow him @davidstegon.

Editing team: Lon Harris (editor-in-chief at Inside.com, game-master at Screen Junkies), Krystle Vermes (Breaking news editor at Inside, B2B marketing news reporter, host of the "All Day Paranormal" podcast), and Susmita Baral (editor at Inside, recent bylines in NatGeo, Teen Vogue, and Quartz. Runs the biggest mac and cheese account on Instagram).

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EOS-ocracy

EOS' absent ballot system, Project Infinity's woes, and a blockchain for fuel data
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August 27, 2018

UNDECIDED: The EOS voting system hasn't been built yet, and as a result, it's not clear how to distribute close to $35 million worth of tokens that's held in a kind of network-wide savings account. That money has been set aside to fund tech development, security audits and other key items, but some community members believe the tokens should be destroyed instead. Full Story 

END OF THE LINE? Project Infinity was intended to offer a one-stop financial services platform with machine learning and AI as technological underpinnings. But big job cuts at NEX Group (including the machine learning team) made some suspect that the project has been shelved -- though the company's leadership disagrees. Full Story

FLYING HIGH: S7, one of the largest airline operators in Russia, has tested a blockchain-based application that tracks data on plane refueling. The application shares data about energy demand and manages payments via smart contracts, the company's news release says. Full Story



Five hundred and seventy-one -- that's the number of contributors who have written commits to the official bitcoin GitHub repository. While there are more distributed miners, users, and application developers, these contributors make up the glue of the underlying technology of bitcoin.

Just three developers have submitted 51 percent of those commits, including:

- Wladimir J. van der Laan at 34.7 percent
- Pieter Wuille at 9.6 percent
- Gavin Andresen at 6.7 percent

For more research insights check out the CoinDesk Research section here.
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Join us in Singapore on September 19-20 for two days of content focused on blockchain development in the APAC region. Beyond just Consensus, there are five other technology events that you can attend with your TechXLR8 ticket. Save 40% by using the code CONSENSUS40.

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BACK TO $7,000? Bitcoin is changing hands above $6,700 during Monday's trading session.

Of note to market-watchers: the technical charts show the possibility that the bearish trend of the last week may have come to an end. Full Story 
BEST OF THE BEST

REUTERS: A cryptocurrency exchange called Huulk aims to attract sharia-compliant startups -- that is to say, companies that are looking to modernize Islamic finance. Huulk belongs to OneGram Group, which is going to list its own sharia-compliant cryptocurrency on the exchange by mid-September and has already sold around $400 million worth of the tokens in the past year. 

THE REST

FORTUNE: Elon Musk has now infamously changed his mind about taking electric car maker Tesla private, and one of the declared reasons was that, in a private scenario, there is no proven path for retail investors to own shares. If this is what Tesla's leadership is worried about, maybe the company should think of tokenizing itself?  

TECHCRUNCH: Ten years ago, Asian money in global venture financing accounted for just 5 percent -- but now investors from the region provide 40 percent, or almost equal to their North American counterparts with 44 percent. At the same time, U.S. funds are getting more and more interested in Asia, resulting in a rapidly-growing tech collaboration between the two regions. 

THE COLUMBUS DISPATCH: The Franklin County Auditor's Office in Columbus, Ohio, is preparing to start testing blockchain technology for the transfer of property deeds. Should the pilot pan out, Ohio will become the first state to use the tech for this purpose. The state is partnering with a home-grown blockchain startup SafeChain on the initiative.
 


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