Day: August 2, 2018

In an Apparent First, High Times to Accept Crypto in Its Initial Public Offering

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Cannabis culture media organization High Times Holding Corp. will accept cryptocurrencies in its Initial Public Offering (IPO), High Times reports Aug. 2. In doing so, it will reportedly be the “first traditional stock offering ever to accept investments” in cryptocurrencies. The “preeminent source for cannabis information since 1974” will accept Bitcoin (BTC) and Ethereum (ETH) in an effort to cast a wider net in attracting investors to the company. High Times CEO Adam Levin said: “While we didn’t believe that the ICO [Initial Coin Offering] process was the right move…

Recent Walmart Patent Application Describes Blockchain-Managed Smart Appliances

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U.S. retail giant Walmart has applied for another patent, which describes the management of smart appliances using blockchain technology, according to an application published by the U.S. Patent and Trademark Office August 2. The application outlines systems and methods for managing smart appliances such as a desktop or server computer, a kiosk, a tabletop device, or more portable computing devices, such as a wearable or gaming devices, laptop computers, or portable media players. From a practical perspective, users will employ a device, whether it is wearable or not, that maintains…

IOTA, EOS, Stellar Lumens, Tron, Litecoin Technical Analysis

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As fundamentals and coin related news thin out, so are buyers. At current spot prices, altcoins are weak and IOTA, EOS, Tron and XLM sellers are wreaking havoc, reversing last week’s gains. Overly, the bear break out pattern that is so clear in our daily charts might pan out. At the rate of this alt-coin price erosion, sellers might follow through confirming the trend resumption phase. EOS Technical Analysis EOS Daily Chart by Trading View Regardless of the increasing number of exchanges listing EOS and dApps launching on EOSIO, still…

BitBay Partners With German Firm to Enable Equity Token Trading with Fiat Currencies

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Cryptocurrency exchange BitBay has partnered with a Berlin-based blockchain-powered equity fundraising platform Neufund, according to an August 2 press release. The partnership will reportedly enable investors to buy and sell equity tokens with fiat currencies. According to the press release, Neufund is aiming to become the first end-to-end primary issuance platform for security tokens, specializing in equity tokens. The company backs up its objective with a study conducted by Toronto-based firm Polymath, which says that by 2020 the security token market will hit a value of $10 trillion. Neufund believes…

Bitcoin Must Hit $213,000 to Replace US Money Supply

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Zurich-based investment bank and financial services company Union Bank of Switzerland (UBS) has said that the Bitcoin (BTC) price must hit nearly $213,000 to replace U.S. money supply, Bloomberg reported August 2. According to Bloomberg, a new report by UBS suggests that BTC cannot currently be considered money or a viable asset as its versatility is stymied by the capacity constraints of the BTC network. The report says: “Our findings suggest that Bitcoin, in its current form, is too unstable and limited to become a viable means of payment for…

NEO Technical Analysis

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Just like most coins in the top 10, NEO is sliding with Bitcoin. So far, it is down 19 percent on a weekly basis and as the dump continues, bears are likely to break below $25, our main support line and the lower limit of the $20 trading range. Remember, this erosion is happening at the back drop of solid fundamentals that are technically supportive of price. From the News Perhaps the announcement by the San Francisco based DCEX that it has plans of adding NEO and Cardano on top…

Crypto Daily News | Coinbase Adds British Pound and BitFi Wallet Hacked

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In today’s edition of Crypto Daily News, we’ll cover Coinbase adding the British Pound to its trading pairs and John McAfee’s “unhackable” Bitcoin wallet that gets, well, hacked. Crypto Daily News: August 2nd, 2018 Coinbase Supports the Pound Starting today, Coinbase customers in the UK will be able to seamlessly move GBP in and out of their accounts using the Faster Payments service. In most cases, this will mean almost instant access to funds. ??https://t.co/67DMjc6y89 — Coinbase (@coinbase) August 1, 2018 Coinbase, the most popular cryptocurrency exchange in the US…

Walmart Files Blockchain Patent for Smart Appliance Management

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Walmart has filed another patent application in the blockchain sector entitled “Managing Smart Applications Using Blockchain Technology.” The filing follows a number of previous applications for blockchain patents including blockchain package delivery systems, medical record storage systems, and a blockchain-based digital marketplace. The most recent patent application, published on Aug. 2, details systems and methods that can be used to manage smart appliances, including a kiosk for the receipt of drone-delivered packages and potentially a smart home system, among other use cases. IoT Ecosystem The patent discusses the use of a…

Galaxy Digital Holdings | Shares Dropping on the TSXV

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Yesterday, cryptocurrency-focused merchant bank Galaxy Digital Holdings Ltd. (GLXY) started trading on the Toronto Stock Exchange. The stock lost a lot of momentum but closed the day in the green. Galaxy Digital TSX Stock Movement According to TMXMoney, Galaxy Digital Holdings started trading at $2.09 a share and ended the day at $2.30. The stock gained $0.21 (+10.04%) yesterday. Yesterday, GLXY reached a peak of $2.49 a share and a low of $1.92, losing over -22.89%. Days after billionaire Mike Novogratz revealed Galaxy Digital, the crypto market bank lost $134 million during Q1. Complications…

University IT Research Institute Partners to Form Blockchain Research Center

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The Research Institute of Information Technology (RIIT) of Tsinghua University (THU) has partnered with a subsidiary of China’s institutional financial firm to establish a blockchain research center, according to an Aug. 1 press release. The RIIT has signed an agreement with Sheng Ying Xin Management Consulting Co., Ltd., a contractually controlled and managed company of China Internet Nationwide Financial Services (CIFS). The two organizations will jointly research and develop basic blockchain technologies and models for building enterprise-level applications in a number of industries. The blockchain-based applications will reportedly address a…