🗞 Daily Crypto News, October 5th 💰

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• Coinbase Under Investigation for Ethereum ‘Flash Crash’

• Honda Unveils Prototype of Humanoid Robot for Disaster Response

• Large Japanese Energy Supplier Adds Bitcoin Payments With a Discount

• Ripple Price Consolidates, But Could It 'Swell' Higher?

• Ethereum Client Update Sets Byzantium Hard Fork Date

• GAW Miners CEO Held Liable for $9.8 Million Judgment in SEC Case

• BCH Trading Update by my friend @cryptopassion

🗞 Coinbase Under Investigation for Ethereum ‘Flash Crash’

The Commodity Futures Trading Commission is investigating Coinbase for an Ethereum “flash crash” that occurred in June. During the crash, the ETH exchange rate plummeted down in an instant, but quickly regained its price. According to Bloomberg, Ethereum dropped from trading at $317.81, down to 10 cents in a split second. However, its recovery was also swift. It regained a $300 price point in mere seconds.

Among the issues the agency is focused on is what role leverage might have played in the plunge, as Coinbase allowed traders to use borrowed money to make bigger wagers than would have otherwise been possible, said the people, who asked not to be named because the review isn’t public.

Read more & Source: https://news.bitcoin.com/coinbase-under-investigation-for-ethereum-flash-crash/

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🗞 Honda Unveils Prototype of Humanoid Robot for Disaster Response

Robots can come in many different shapes and sizes. Moreover, they can be deployed for many different reasons, including offering relief to disaster-stricken areas. One surprising contender in this area is none other than Honda. Although the company only has a prototype right now, the machine looks pretty interesting.

Back in 2015, the whitepaper associated with Honda’s robotic creation revolved around disaster response. That hasn’t changed in the slightest now that the prototype is presented to the world. Given the fact that human workers often struggle to reach specific areas when disasters take place, it is expected these robots will make a major impact in this regard. Several other companies are developing robots for this specific purpose as well.

However, the Honda robot is very different from its competitors. Rather than being unusual in shape like most other robots, we are talking about a humanoid-looking robot which can effectively perform human tasks. More specifically, it the machine could tackle three-dimensional movements like walking on stairs and vertical ladders, it would be capable of moving over pipes on the floor and passing through closed doors along corridors. In a way, it would be an advanced human which doesn’t require sleep, food, or rest.

Read more & Source: https://themerkle.com/honda-unveils-prototype-of-a-humanoid-robot-for-disaster-response/

🗞 Large Japanese Energy Supplier Adds Bitcoin Payments With a Discount

Remixpoint, a Japanese company engaged in a number of energy-related businesses, has recently launched a new electricity service with bitcoin payments integrated to serve customers all over Japan. The company is now offering customers who pay with bitcoin a discount on their electricity bills. Bitcoin payments are processed by the company’s cryptocurrency exchange subsidiary, Bitpoint.

>We introduce a new scheme that makes maximum use of the integration of the power retailing business and virtual currency exchange management…By using our electricity service, we propose a total cost reduction from existing services by introducing bitcoin and energy-saving equipment.

Service Areas

In Japan, the electricity market is divided up into 10 regulated companies. They are Chugoku Electric Power Company; Chubu Electric Power Company; Hokuriku Electric Power Company; Hokkaido Electric Power Company; Kyushu Electric Power Company; Kansai Electric Power Company; Okinawa Electric Power Company; Tohoku Electric Power Company; Shikoku Electric Power Company; and TEPCO.

Remixpoint purchases electricity from all of the aforementioned power companies except one, Okinawa Electric Power Company. Through the nine power companies, Remixpoint is able to provide electricity to customers all over Japan.

Read more & Source: https://news.bitcoin.com/japanese-energy-supplier-bitcoin-payments/

🗞 Ripple Price Consolidates, But Could It 'Swell' Higher?

Notably, this month, Ripple is to host "Swell" – an event aimed at bringing the world's financial leaders together to network and discuss trends and strategies. Swell will go head-to-head with Sibos, Swift's annual banking and financial conference scheduled for October 16–19 in Toronto, Canada, and bring in speakers including World Wide Web creator Tim Berners-Lee.

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Our daily chart shows:

• The bullish break of the falling channel on September 25 was followed by a higher-highs/higher-lows (rising channel) pattern.
• A bullish crossover between the 50-day moving average and 100-day moving average was confirmed on October 2.

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View

• XRP looks set to revisit $0.23–$0.24 levels in the short term. A break below $0.1984 (confluence of 100-day moving average and rising channel support) would abort the short-term bullish view.
• A bullish-to-bearish trend change would be confirmed if XRP drops below $0.188 (September 29 low).

Read more & Source : https://www.coindesk.com/is-ripples-price-ready-to-rip-higher/

🗞 Ethereum Client Update Sets Byzantium Hard Fork Date

Ethereum's most popular client has upgraded its code to enforce the upcoming Byzantium upgrade set for later this month.

The code from Go Ethereum (Geth) officially enshrines the hard fork for block number 4,370,000, a time previously established by developers during an ethereum core team discussion on September 22. With the Geth release, the network moves closer to implementing the first of two parts in the wider Metropolis upgrade. The addition of the code to Geth is notable because it greatly increases the likelihood that the upgrade will happen at that time.

Geth, which is maintained by developers employed by the Ethereum Foundation (the Swiss nonprofit that manages development on ethereum more broadly), accounts for roughly 69 percent of all ethereum nodes, according to data from Ethernodes.org..

Read more & Source: https://www.coindesk.com/ethereum-client-update-sets-byzantium-hard-fork-date/

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🗞 GAW Miners CEO Held Liable for $9.8 Million Judgment in SEC Case

A US federal judge has signed off on a final judgment against Homero Josh Garza, the CEO of the now-defunct cryptocurrency mining firm GAW Miners.

The judgment, entered on October 4, comes less than two years after the Securities and Exchange Commission (SEC) first filed suit against Garza, GAW Miners and ZenMiner, a related firm. Garza was accused and charged with violating securities laws through the offering of so-called "Hashlets," or "virtual miners" which were sold to customers through an internal exchange.

Today's judgment follows a guilty plea from Garza, given in July, in a related criminal case pursued by the U.S. Justice Department. Garza plead guilty to a single wire fraud charge and faces sentencing early next year.

In the SEC's civil case, Garza has been held liable for $9,182,000, an amount that the court order said will be "deemed satisfied by the order of restitution that will be entered against him when he is sentenced in the related criminal case." It comes after the agency won a default judgment against GAW Miners and ZenMiner for $11 million in disgorged profits and civil penalties.

Read more & Source: https://www.coindesk.com/gaw-miners-ceo-held-liable-9-8-million-judgment-sec-case/

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BTC Trading Update by @cryptopassion

I think we are approaching to a short term bottom before a go up.

The BTC has difficulties to continue his drop and it is possible it doesn't even touch the resistance line before a go up

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Now to be honest with you, there is also a second scenario. Look that pattern in red

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If we go touch the resistance line that I traced yesterday, we have a beautiful and almost perfect Head and Shoulders which is a very bearish signal...

So yeah, I would like to see the BTC price starting to go up from now or we have a high risk to see that second scenario confirmed.

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🗞 Daily Crypto News, October 4th 💰

🗞 Daily Crypto News, October 3rd 💰

🗞 Daily Crypto News, October 2nd 💰

🗞 Daily Crypto News, October 1st 💰

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