🗞 Daily Crypto News, August, 14th💰
- Cardano Founder Charles Hoskinson Announces Upcoming Release of v1.6 ;
- Barclays Is No Longer Banking Coinbase ;
- SEC Guidance Gives Ammo to Lawsuit Claiming XRP Is Unregistered Security ;
- Dallas Mavericks Become Second NBA Team to Accept Bitcoin ;
- European blockchain company Bitfury launches artificial intelligence unit ;
- 📑 Daily Crypto Calendar, August, 14th💰
- STEEM Trading Update
Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!
Charles Hoskinson, a co-founder of the Ethereum Network and current CEO of IOHK, has announced that IOHK-created project Cardano is rolling out version 1.6 within a few days’ time.
Hoskinson teased the upcoming launch in a Twitter post on Aug. 13. Hoskinson also asked users to send screenshots and comments on the latest version of Daedalus, which is an open source cryptocurrency wallet also backed by IOHK.
As per IOHK’s website, Cardano is a blockchain platform that uses the proof of stake algorithm Ouroboros. Its native cryptocurrency, ADA, is based on the functional programming language Haskell. Daedalus, for its part, is the only cryptocurrency wallet that supports ADA. Additionally, the website states that Daedalus can also be used as a wallet manager to organize and provide backup for other wallets and their assets.
A new project for Hoskinson
As previously reported by Cointelegraph, Hoskinson announced during the blockchain conference Consensus 2019 that he would be working on a new project with the security token platform Polymath. The project is called Polymesh, and is reportedly an attempt to create a blockchain for tokens centered on meeting regulatory requirements.
In the announcement, Hoskinson said:
“After co-founding Ethereum and Cardano, two of the most widely used blockchains in the world, I am looking forward to working on Polymesh. There are quadrillions of dollars of financial securities, and building a blockchain to secure them is an incredibly exciting task.”
The most prestigious banking relationship in crypto has ended.
Barclays, the London-based global bank, is no longer working with cryptocurrency exchange Coinbase, industry sources told CoinDesk. And while Coinbase found a replacement in U.K. upstart ClearBank, according to people familiar with the situation, the change has indirectly inconvenienced the exchange’s users.
That’s because, aside from the cachet of working with a household-name bank, Barclays connected San Francisco-based Coinbase to the U.K. Faster Payments Scheme (FPS), enabling users to instantly withdraw and deposit British pounds at the exchange. The end of the relationship disrupted Coinbase’s access to FPS – which in turn slowed deposits and withdrawals in GBP for U.K. customers, which now take days to process.
The situation is temporary, though, thanks to Coinbase’s new relationship with ClearBank. One of the U.K. “challenger banks” that have sprouted up in recent years to compete with market incumbents, ClearBank is expected to restore Coinbase’s FPS access by the end of the third quarter.
Barclays, ClearBank and Coinbase all declined to comment.
A new amended complaint against Ripple draws on the SEC’s framework for digital assets to outline how XRP might be a security – likely the first federal case to do so.
The filing also cites California advertising law, in addition to federal securities law, to argue that investors were misled by Ripple’s promotion of XRP.
While the case is a year old and has not yet received class-action status, the new complaint is the first that Ripple must respond to with a substantive answer.
Ripple has until mid-September to file its response.
The Dallas Mavericks have become the second NBA team to accept Bitcoin (BTC) as a means of payment for match tickets and merchandise.
Cryptocurrency adoption has been on the horizon for the Mavs since early last year, when team owner and billionaire tech investor Mark Cuban hinted that fans would soon be able to use Bitcoin to buy tickets to the team’s games.
A year and a half later, Cuban’s plans have materialized and the Mavs join their NBA rivals, The Sacramento Kings, in rolling out cryptocurrency access for their fans.
European blockchain company The Bitfury Group, valued recently at more than $1 billion, has launched its artificial intelligence (AI) division, the company’s top official told Reuters in an interview.
The AI division will operate alongside Bitfury’s existing blockchain services and remain part of the company.Bitfury is one of a handful of blockchain companies around the world with at least a $1 billion valuation. That list includes Coinbase, a U.S.-based exchange, and China’s Bitmain, the largest cryptocurrency mining firm in the world.
Valery Vavilov, chief executive officer and co-founder of Bitfury, said the need to analyze and extract value from tons of available data drove the company to go into artificial intelligence, that branch of computer science that emphasizes the creation of intelligent machines that act and behave like humans.
📑 Daily Crypto Calendar, August, 14th💰
"BitMax will enable margin trading for ONE (3X) under the pairs of ONE/USDT, ONE/BTC at 10:00 AM EDT, Aug 14th, 2019."
Second mainstream merchant, Phone House, joins UTRUST family.
"Our Bank Account Marketplace is going to be released on Wednesday, August 14!"
"If you’re around the Phoenix area, join Chainlink ambassador Cole Gendreau who is hosting a meetup on Wed August 14th at 6PM (MST)!"
"International Conference on Block Chain & Data Science" in Tokyo, Japan from August 14-15.
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yersterday :
Here is the current chart :
So yesterday, we have been rejected from the pink mobile line (MMA50). It was already a bad sign for the short trend and it is confirmed today by the drop which is back. We should try to go test the previous low around 0.175$. Let's see if it will hold us or not.
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