Crypto Dygest 11 Mar 2018
Top 5 News For Today - 12 Mar 2018
Summary:
Plasma Cash on-chain solution for extra security developed by Buterin; Russian giant Mail.Ru starts BTC and BCH payments; Bitmain opens third report centre, this time in Russia; Bithumb teamed up with kiosk manufacturer and will supply kiosks to cafes and restaurants in South Korea; $250 000 bounty reward for information on Binance hackers.
BONUS Thread of The Day
ICO Endorsed by Steven Segal Ceased or Desist by Bureau of Securities
1. Buterin’s Plasma Cash Scaling Solution
Vitalik Buterin, Dan Robinson and Karl Floersch developed an on-chain placing solution for blockchains. Current Plasma Cash version is an upgrade to Plasma, released in August 2017. Plasma optimises data that is passed on to the root blockchain, reducing transaction fees. The problem though lies in scaling, as every user must download and authenticate each Plasma block. In the case of Plasma Cash, when a usersdeposits funds on exchange, a Plasma Coin is created with the same value and a unique ID. And users would only be required to pay attention to the blocks that contain coins that they want to keep.
2. Russian Mail.Ru Enables BTC and BCH Payments
Mail.Ru group is really big in Russia and in post-soviet countries. They own myTarget, a platform similar to Google Ad, and now bitcoin and bitcoin cash are accepted as legit means of payment.
3. Bitmain Opens Repair Center in Russia
With one repair centre in Hong Kong and another one in California, City of Irkutsk now hosts first Russian Bitmain repair centre. The logistics side of repairs is a hassle as customs procedures takes long time and may be additionally damaged while making it’s way back to China. Before sending ASIC powered mining block, a form should be filled out on the website.
https://news.bitcoin.com/bitmain-opens-repair-center-russia/
4. Bithumb To Supply Crypto Kiosks
Bithumb, a number 5 by volume exchange, will supply Crypto Kiosks in South Korean restaurants and cafes with an option for customers to pay for their food and other services with their Bithumb crypto holdings. They have teamed up with Unos Space, Tros systems and IYU. The step is encourage locals and incoming visitors to use crypto similarly to ordinary money.
5. BInance Hackers Wanted. $250 000 In Reward
Binance have announced $250 000 bounty for information that would lead hackers to jail. Binance have also added $10mln in reserve for future hacks as client’s funds is number one priority for Binance. Exchanges have changed a lot since over the last 12 month.
BONUS Thread of The Day
Bitcoiin2Gen, endorsed by Steven Seagal, received a cease or desists order from Bureau of Securities
This is it for today.
For future viewers: price of bitcoin at the moment of posting is 9578.90USD