📰 26/8/2018 Happy Sunday! Blockchain/cryptocurrency news. Fujitsu implements IOTA as new protocol standard, Bitcoin at $6700, and more updates

icotelegraph (60)in #bitcoin • 6 years ago (edited)

📌 Fujitsu: IOTA [MIOTA] will be the new protocol standard

Fujitsu Limited, one of the largest Japanese IT giants is now backing IOTA

Fujitsu, well-known as one of the largest Japanese manufacturers of electronics and IT products, plans to make IOTA the new protocol standard. Representatives of the company report that the IOTA's blockchain will be used in the management of logistic supply chains, as well as in some areas of production. Everything is almost ready to start this process:

“Fujitsu is well-equipped to help roll out IOTA as the new protocol standard as we are experts in both IT services and the manufacturing of IT products.”

Several large companies is still interested in partnership with this IOTA. The team itself began its project in the area of not only distributed registries, but also the "Internet of things". Researchers argue that IoT will become pretty developed in the future, as an independent, or self-managed network of bots, blocks, or other automatic units. Today, despite the overall progress, it looks pretty futuristic.

📌 North Korea will talk about cryptocurrencies

Country's first blockchain conference is scheduled for October

According to local media reports, the Democratic People's Republic of Korea (DPRK) is organizing the first blockchain conference in Pyongyang. The meeting will be held with the involvement of foreign specialists, among; the official meet-up will last for 2 days.

What do we know about the North Korean crypto market at this time? It is likely that the number of holders there is still small. Today, the financial system of North Korea is partially limited, therefore, it is difficult to estimate such data.

📌 Ethereum meets new lows

Ethereum’s ratio against Bitcoin breaks new low

At the moment, the market is semi-stably held at around $215 billion as a market capitalization. Among all markets, the Bitcoin dominance is estimated to be above 53%. While the most capitalized currency keeps the $6700 mark, the altcoins market is moving with varying success. The gap between gainers and losers is growing: it seems that for Ethereum, almost the altcoins king, this situation does not look so nice.

Looking at Ethereum in the more loyal way, without comparing it with the previous highs, we see that the price of 1 ETH has decreased from 0.08 to 0.04 BTC. At the moment, the currency is trading below $300. Communities started to predict the ETH's fall, blaming ICOs currently. Many enthusiasts also argue that the new wave of the token sales/projects, if it starts, could occur alternative markets, for example, EOS and many others. Although, this is only an assumption.

💰Market Cap: $213 921 289 203
💵24h Vol: $9 638 685 427

📊 Prices TOP 26.08.2018

↗️↘️Bitcoin: $6 664
↗️↘️ETH: $273
↗️↘️XRP: $0,321554
↗️↘️BCH: $518
↗️↘️EOS: $4,93
↗️↘️XLM: $0,211325
↗️↘️LTC: $56
↗️↘️USDT: $0,99
↗️↘️ADA: $0,092496
↗️↘️MONERO: $94

📌 IDEX exchange together with PhishFort will protect users from phishing

New team-up will work on defense solutions for high-risk industries

Phishing is another nightmare of crypto-exchanges and crypto-currency owners. Phishing was a big problem for HitBTC. In 2015, Bitstamp exchange suffered from the same attack. The number of the varied use of this fraudulent technology can be underrated. According to statistics, from the second quarter of 2016 to the first quarter of 2017, hackers stole about $115 million by using this instrument.

This time, IDEX, the decentralized cryptocurrency exchange in partnership with PhishFort will develop defense instrument for a high-risk industry, which will help to avoid hacker attacks. Today, the largest companies and providers of browser extensions already have an arsenal of tools that help users not transfer data to scammers. However, this area remains one of the riskiest on the Internet.

📌 Crypto week in review

What happened to crypto-industry/markets during this time?

-ETFs applications rejected; then SEC said that the decisions will be reconsidered

Today's market seems even more unstable, thanks to the SEC policy. On the August 23rd, it was stated that The United States Securities and Exchange Commission denied the possibility of Bitcoin ETFs launching, including the probably largest of them. But, soon the commissioners decided to change the situation and review the practice in the Bitcoin ETFs decisions.

China strikes against crypto-currencies

Starting with the crypto media bans in WeChat messenger, China has ended this week with strong ICO censorship. Such tactic, of course, shows that China can probably deal with blockchain, but not free crypto market actually.

Mt.Gox exchange has entered civil rehabilitation

Users who lost their money during the Mt.Gox bankruptcy are now able to apply for a refund of funds held on company purses. The process of civil rehabilitation is now supported in Tokyo. In order to receive funds stored in Bitcoins, creditors must file an application before October 22.

Know more: KYC rules on OKEx exchange will be changed.

More updates

- Red Pulse (RPX) staking launch will take place tomorrow, on August 27. Staking is the process that rewards users for holding the tokens or running a node in the project's network. PHF (the new Red Pulse token) possible stakes: from Silver (0–99,999) to Diamond (10,000,000+).
- Craig Wright proves he is not Satoshi Nakamoto.
- Elastos (ELA) alpha-version of smart web starts soon.

💱 Exchanges: 24h volume

Binance 868.30M -> 16.36%
OKEx 521.01M -> 9.82%

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