Inshorts

German chemical company applies blockchain
August 9,
2017
British corporates are integrating blockchain


Great Britain continues to implement blockchain. As reported by Coindesk, a UK-based analytical firm Juniper Research announced the results of the survey among 400 large-scale enterprises. According to report data, 57 percents of surveyed are either in the process of blockchain integration or considering the ways of using it. Not every company fully understand the potential challenges in the technology adoption, but the given figures indicate the growing popularity of blockchain among British corporations. This is confirmed by 66% of the respondents who plans to integrate blockchain proof-of-concept by the end of 2018.

After Trumpcoin and Putincoin now Erdogan coin appears

After Trumpcoin and Putincoin, Turkish cryptocurrency users produced Erdogancoin. According to teknotech.org, cryptocurrencies became very popular, even some of them are dedicated to political figures. Participating in this fury, one of the Turkish user created Erdogancoin, named after Turkish president Recep T. Erdogan, the name of coin is RTEC. Erdogan fans believe that the currency will be popular soon, even though it has no worth for now. The other currencies like Putincoin and Trumpcoin have already start to growing. For example Putincoin has already $3,195 marketcap whereas Trumpcoin price is $423.

Cryptomining’s incredible electricity consumption

Global cryptocurrency mining consumes more electricity than some small countries. According to businessinsider, while the digital mining has become more widespread, the amount of power consumed due to this mining really impresses. As Digiconomist’s founder Alex de Vries reports that the entire Ethereum network is consuming more electricity than the whole Cyprus Island which is about 4.2 terawatt-hours. He also claimed that Ethereum has plans to move away from its existing energy-intensive mining algorithms and switch to a new model.

German chemical company applies blockchain

German chemical giant BASF will use blockchain in tracking supply chains. According to Coindesk, this week the company has been testing the blockchain platform developed by Quantoz and Ahrma startups. The project is part of the Startup Autobahn initiative and is aimed to provide information about the position and movement of goods within the supply chain. It's the first known instance in which the chemical giant has explored the use of blockchain, which arose from the broader process of considering new technologies for potential applications by the company. 

Disclaimer. These videos are brought to you by CoinIdol.com in partnership with Koles Coin News Channel. This information is provided by a third-party source and should not be viewed as an endorsement by CoinIdol. Readers should do their own research before investing funds in any company.

Germany’s cryptocurrency against bitcoin
August 8,
2017
Germany’s cryptocurrency against bitcoin

Germany plans to create its own cryptocurrency, issued by the central Bundesbank. As coin-turk.com reports, the discussion on the idea of creating the Germany’s own cryptocurrency is ongoing. Jens Weidmann, the head of Germany's Bundesbank said that, for users the cryptocurrency of the central bank would the best option for the reason that the bank will always be able to pay its debts and will not disappear. Also Wiedmann thinks the decentralized structure of the bitcoin and the absence of central units within the network would make the situation worse in a possible future financial crisis. But the government-based cryptocurrency would avoid negative consequences thanks to the governmental support. 

Disclaimer. These videos are brought to you by CoinIdol.com in partnership with Koles Coin News Channel. This information is provided by a third-party source and should not be viewed as an endorsement by CoinIdol. Readers should do their own research before investing funds in any company.

The Bitsquare refused to perform the ICO
August 7,
2017
Internet rescuer Marcus Hutchins arrested by FBI

Internet-saviour who halted the Wannacry malware attack, is arrested. As reported by BBC, Marcus Hutchins, 23-year-old UK’s National Health Service security researcher, who had stopped WannaCry malware from spreading, was arrested by FBI in Las-Vegas. According to press-released statement of US Department of Justice, he is accused of being involved with Kronos banking malware creation and distribution. Let us remind that Kronos firstly appeared in July 2014 and was stealing banking data. 

ОКPAY to suit GITHUB

GitHub to be accused of slander. As reported by Cointelegraph, OKPAY CEO Sergey Mayzus, is threatening legal action to social web for developers with accusations of libel. The sew tells that some GitHub customers blame OKPAY for working closely together with BTC-E at action page. In his statement, Meizus argues that the administration of the site has repeatedly been asked to remove these posts, but no response has been received. Nevertheless, he acknowledges that some of the exchange clients or employees could be somehow involved into BTC-E exchange. 


The Bitsquare refused to perform the ICO

A new concept rejection of ICO is gaining popularity. Creators of the decentralized exchange Bisq announced that they will not provide the ICO, which is now extremely popular in the cryptocurrency community. According to Manfred Karrer the founder of Bitsquare, ICO is not needed for the good company, the modern open source world allows to build a company for free. Instead, the exchange published a whitepaper of the upcoming decentralized autonomous organization (DAO). Bisq is an open-source desktop application that allows you to buy and sell bitcoins in exchange for national currencies, or alternative cryptocurrencies.

Disclaimer. These videos are brought to you by CoinIdol.com in partnership with Koles Coin News Channel. This information is provided by a third-party source and should not be viewed as an endorsement by CoinIdol. Readers should do their own research before investing funds in any company. 

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