Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, ETC: Price Analysis, August 17

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. The cryptocurrency market capitalization has risen above the $215 billion mark once again. A resilient Bitcoin was the main reason for the pullback. If the leader holds ground, the investors gain confidence and start entering the markets. Crypto hedge fund Pantera Capital is…

Russian Independent Electoral Watchdog to Pilot Blockchain for Voting System

A Russian independent electoral watchdog is trialing a blockchain-based electronic voting system, local news platform Tass reports August 17. The non-profit Association of Independent Public Observers, dubbed “National Public Monitoring” (NOM), announced the pilot at a press conference in Moscow on Friday. NOM federal coordinator Roman Kolomystev, told reporters: “As part of our congress, we are launching a pilot electronic voting system built on a blockchain system.” The inaugural Russian Congress of Public Observers was held on the initiative of NOM, alongside the Russian Fund for Free Elections and the…

Coinbase Patent Shows Exchange Is Refining Security for Bitcoin Payments

A patent by U.S. crypto exchange and wallet provider Coinbase proposes a new mechanism for further securing Bitcoin (BTC) payments, according to a filing published by the U.S. Patent and Trademark Office (USPTO) August 14. The filing claims that existing systems do not adequately address concerns “that the private keys of [users’] Bitcoin addresses may be stolen from their wallets,” when making payments, and in particular when checking out on a merchant page.  Coinbase is therefore applying to patent a so-called “key ceremony” solution, which would involve encrypting private user…

Crypto Trading Revenue Could More Than Double in 2018

New research from Sanford C. Bernstein & Co. suggests that revenue generated by cryptocurrency exchanges could more than double to hit $4 billion in 2018, Bloomberg reports August 17. The report, titled “Crypto Trading — the Next Big Thing is Here?,” argues that the protracted crypto bear market is unlikely to impact the burgeoning revenue generated by exchanges. Moreover, “as the crypto-asset class seasons and institutional demand builds,” traditional financial sector firms — including custodians and asset managers — will find “a plethora of opportunities,” the analysts suggest. Bernstein found…

UK Watchdog Warns of Crypto Scams Using ‘Prestigious’ London Addresses as Smokescreen

The U.K.’s Financial Conduct Authority (FCA) has said that crypto investment scams are increasingly targeting British investors, in an official warning published August 17. The watchdog warns that fraudsters often use celebrity images, slick websites or “prestigious” City of London addresses as a smokescreen through which to lure prospective investors. It adds: “Scam firms can manipulate software to distort prices and investment returns. They may scam people into buying non-existent cryptocurrencies. They are also known to suddenly close consumers’ online accounts and refuse to transfer the funds to them or…

CME Futures Partner Releases First Regulated Bitcoin Cash Futures

Cryptocurrency trading platform Crypto Facilities has added Bitcoin Cash (BCH) to its list of futures products, announcing in a press release that the product would go live at 4PM BST Friday, August 17. Crypto Facilities, which rose to prominence when it partnered with CME Group on its first-of-its kind Bitcoin futures in December 2017, said the move reflected Bitcoin Cash’s status as a “top five coin” by market cap. The platform already offers Bitcoin (BTC), Ripple (XRP), Ethereum (ETH) and Litecoin (LTC) futures. “We are pleased to be expanding our…

Kin Ecosystem | Choses 40 Developers to Build it’s Digital Services Apps

The Kik mobile messaging service announced back in May 2017, that it would be launching a new cryptocurrency named Kin as the first step to developing its Kin ecosystem; a decentralized ecosystem of digital services. Jump forward to September 2017 where Kik successfully concluded it’s token sale and raised nearly $100 million from across 117 countries.  Now — today, this decentralized ecosystem is truly underway as the company announced its approval of 40 developers to participate in its first ‘Kin Developer Program’. But what is this and what will these developers do?…

Chinese Retail Giant JD.com Launches Enterprise Blockchain-as-a-Service Platform

Chinese e-commerce giant JD.com has revealed its new Blockchain-as-a-Service (BaaS) platform in a press release published today, August 17. The new tool, dubbed JD Blockchain Open Platform, aims to enable businesses to build, host and implement blockchain solutions without having to develop the technology from scratch. According to the press release, the service will offer smart contract functionality for “public and private enterprise clouds.” JD outlines a range of potential use cases for the platform: “The technology can help companies streamline operational procedures such as tracking and tracing the movement…

How China Is Fighting Corruption With Blockchain

China has been on the verge of blockchain adoption as of late. The technology, in fact, has become part of the country’s national, president-signed program. The latest advancement in the field relates to the country’s old corruption staple — fake invoices used to embezzle corporate and state funds. Tax authorities of the city of Shenzhen and a state-owned aerospace firm have recently turned to blockchain for immutable and transparent record-keeping, steadily putting an end to paperback corruption. China’s complex ‘fapiao’ invoice system To understand the nature of the latest blockchain…

Decentralized Exchange for Ethereum Promises Lower Fees Than Rivals

A decentralized exchange claims that its trading fees are considerably lower than that of its rivals — with a one percent fee reduced to 0.03 percent whenever they use the platform’s native tokens. Blockonix says its exchange is the “most clean, most user friendly” on the marketplace right now and offers a more cost-effective experience than the likes of EtherDelta, Idex and ForkDelta. The platform provides users with a way to trade Ethereum — as well as Ethereum-based digital assets and tokens — around the world, and its team says…