🗞 Daily Crypto News, October 17th 💰

• World’s First Ethereum-based eSports Platform Launched
• Bernanke at Ripple Event: Blockchain Has 'Obvious' Benefits in Payments
• Gates Foundation to Use Ripple Interledger Tech in Mobile Payments Push
• Preparing for the Bitcoin Hard Forks: A Step-by-Step Walkthrough
• Top 3 Obvious ICO Scams
• BTC Trading Update by @cryptopassion

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🗞 World’s First Ethereum-based eSports Platform Launched

The eSports industry has posted a 41% year-on-year market growth, according to the 2017 Newzoo annual report, making it hard to ignore. Similarly, you would be hard-pressed to find a major industry that Blockchain technology isn’t disrupting. In that light, World of Battles represents the ideal merger between the emerging industries of Blockchain and eSports.

Traditional eSports streaming platforms are rampant with bugs and errors. They come with many shortcomings ranging from streaming interruptions to long waiting periods for processing the betting transactions. Taking advantage of Blockchain technology, World of Battles (WOB) presents innovative solutions that not only provide for enhanced streaming and gaming, but also mitigate the operational risks associated with placing bets. WOB also presents bullet-proof mechanisms for eliminating fraudulent behavior as well as cheating and abuse of its system.

Read more & Source: https://cointelegraph.com/news/worlds-first-ethereum-based-esports-platform-launched

🗞 Bernanke at Ripple Event: Blockchain Has 'Obvious' Benefits in Payments

Speaking at Ripple's Swell conference in Toronto today, being held the same week and in the same city as Sibos, the annual gathering hosted by Ripple's rival Swift, Bernanke told a room of several hundred attendees that he believes payments can be slow and expensive as designed using existing tools today.

Bernanke said:

"It could be a lack of imagination, but I don't think monetary policy has changed that much. Central banks are supportive of these new technologies because they'll improve the payment system ... but it won't affect the ability of the Fed to require a certain amount of reserves of affect interest rates."

Read more & Source: https://www.coindesk.com/bernanke-blockchain-payments-obvious-area-tech-help/

🗞 Gates Foundation to Use Ripple Interledger Tech in Mobile Payments Push

Announced today, Mojaloop is aimed at providing an interoperability layer between financial institutions, payment providers and other firms that offer such services to the poor and unbanked. Ripple's Interledger protocol, which is used to transact between different financial networks, is being used to help accomplish that goal.

Read more & Source: https://www.coindesk.com/gates-foundation-use-ripple-interledger-tech-mobile-payments-push/

🗞 Preparing for the Bitcoin Hard Forks: A Step-by-Step Walkthrough

At the moment there are two forks planned for the Bitcoin network, and cryptocurrency proponents are curious about taking the best preparations. One fork is called Bitcoin Gold which is scheduled for October 25, while the other hard fork Segwit2x (BTC1) will take place roughly around mid-November or block height 494784.

Read more & Source : https://news.bitcoin.com/preparing-for-the-bitcoin-hard-forks-a-step-by-step-walkthrough/

🗞 Top 3 Obvious ICO Scams

Opair

The Opair ICO was one of the earliest noted scams in ICO history happening back in 2016. They raised more than $1M with the promise of decentralized debit cards.

BitCad

There is still a bit of debate about BitCad, if it was a down right scam or if it was just a failed attempt at something larger. But, none the less a lot of people lost a lot of money.

Authorship

Authorship was an ERC20 token that raised $1M with the promise of creating a system for writers, translators and journalists to earn and exchange ATS tokens for their works.

Read more & Source : https://themerkle.com/top-3-obvious-ico-scams/

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BTC Trading Update by @cryptopassion

Nothing really new on the BITCOIN, we are doing little up and down between the 2 long term lines. We are clearly in waiting and consolidation mode :

However, when I was double checking the long term support line and the long term resistance line, look which pattern I found

A beautiful triangle which has been tested but not broken. This triangle is pointing up which means that in most of the case we have a DOWN break out.

Did you see when the APEX will occur? November 1st around 6200$.
I won't be surprised that we will use the fork related to BITCOIN GOLD to justify this big break out.

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