Inshorts

Japanese exchanges will suspend bitcoin service
July 20,
2017
Dadiani Fine Art announces the acceptance of cryptocurrency

Modern art gallery began to accept cryptocurrencies. According to btcmanager, the Dadiani Fine Art (DFA) gallery was the first in the United Kingdom, which accepts six digital currencies for payment, among them Ethereum, Ethereum Classic, Ripple, Litecoin и Dash. It is already possible to use the cryptocurrency at the forthcoming exhibition of Mike O'Connor “The Noise”. Dadiani Fine Art gallery is also planning to add other altcoins and to launch its own cryptocurrency - DadiCoin.

Hyperledger Fabric platform releases version 1.0

Hyperledger new version is now available. According to the company's blog, consortium Hyperledger headed by the Linux Foundation announced the release of version 1.0.0 of Fabric's blockchain platform. Brian Behlendorf, CEO of Hyperledger informed, that the new version has improved channels of transactions, which are distinguished by increased reliability and carrying capacity. The Hyperledger project was launched in 2016 with the support of the world's largest companies. In total, 159 developers from 27 organizations have contributed to Hyperledger Fabric.

Mauritius will become “Ethereum island”

Mauritius can become a so-called "Ethereum Island". According to CoinDesk, Ethereum startup ConsenSys is actively exploring a partnership with an African country of Mauritius. ConsenSys is the New York-based decentralized application builder. The founder Joseph Lubin and the team of other top executives from ConsenSys travelled the island to meet with the nation's Board of Investment, the Bank of Mauritius and other private and public sector authorities. Mauritius has established itself as an offshore financial center and is actively looking to do same with regard to blockchain and related technologies. 

Japanese exchanges will suspend bitcoin service

13 Japanese exchanges will suspend bitcoin service. According to news.bitcoin.com, the Japan Cryptocurrency Business Association (JCBA) has officially announced its plan on dealing with Bitcoin protocol split on August 1, when the Bitcoin Users Activated Soft Fork (UASF) is scheduled to be activate. Thirteen of the group’s bitcoin exchange members, including Coincheck, Gmo-Z, Bitbank, and Bitpoint are going to suspend bitcoin deposits and withdrawals on August 1 and to resume it on August 4.

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.

Bitcoin updates minimum since the beginning of summer
July 19,
2017
Bitcoin updates minimum since the beginning of summer

Bitcoin updates its summer minimum. The cryptocurrency began a deep correction after the bitcoin has achieved psychologically important mark of $3000. According to the coinmarketcap data, bitcoin has been falling all week since July 11 and by the weekend of July 16 it reached $1850 - its lowest price since the beginning of summer. Such a drastic decrease in bitcoin's price occurs in frame of talks on the network scaling, which broke out even more with the announcement of the SegWit2x protocol launch by the Chinese company Bitmain. Anyway, now bitcoin has found a support line in a $2000 zone and the price fluctuates in this area. Other cryptocurrencies are also slowly returning to the "green zone".

Swiss Bank allows to hold and exchange bitcoins


Switzerland becomes more cryptocurrency friendly. According to CoinIdol, a Swiss private bank Falcon Group, a bank with 50 years of expertise in wealth management, has become the first local bank to offer a new feature of blockchain asset management, including Bitcoin, to its clients. A new service has become available through Falcon Group’s cooperation with Bitcoin Suisse AG, a regulated crypto financial broker based in Switzerland. The bank has already received approval from FINMA to launch this unique product. Moreover, Falcom Bank has installed a Bitcoin ATM in the lobby of the bank's headquarters in Zurich.

Decentralized Escrow minimizes investment risks
July 18,
2017
Bitcoin Sign Guy raises almost $15 000

The guy who showed the sign “Buy Bitcoin” has already earned $15000. According to CoinDesk, on the 12th of July, during an appearance of Federal Reserve chair Janet Yellen before a Congressional committee, an attendee held aloft a "buy bitcoin" sign. The attendee and his friend were ultimately asked to leave, but the image of the sign quickly went viral. Soon after that the cryptocurrency trader CryptoEthan posted the picture with that guy – soon known as the "Bitcoin Sign Guy" – holding up the now-infamous sign with a bitcoin address as well. At a time of press, that address has gathered more than 6 BTC, which is almost $15,000 at current prices.

Decentralized Escrow minimizes investment risks

Decentralized Escrow (DES) company minimizes investment risks. As reported on the company's website, the goal of the DES project is to balance the chaotically growing ICO market. The project aims to create an institution of experts with a worthy reputation, consisting of cryptoeconomics specialists. The startup before the ICO start declares the end product they plan to release, and divide this process in several stages. Investors, experts and specialists form DES follow the implementation of each stage and by voting determine on further financing, on termination of financing, or on returning funds to investors. This approach will allow investors to minimize risks and will help startups not to stop in their goal achievement.

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.

July 14,
2017
Blockchain in the gaming industry against skins black market

Billion-dollar unregulated gaming industry to embrace blockchain. There is a new “currency” in gaming industry so-called skins. While spending real money on virtual items and skins isn’t new, the new trend is using those skins like money themselves. People trade one skin for another or use them as a substitute for currency when placing bets on e-sports events. There is a huge black market of game skins. The annual turnover of skins reaches billions of dollars, about $5 billion in 2016 as Eilers & Krejcik Gaming research shows. According to the CoinIdol article, blockchain is capable of ensuring better protection of user assets. Two recent video games, namely Spells of Genesis and Beyond the Void, have embraced blockchain and tokenized their in-game assets. 

Read more: Billion-dollar Unregulated Gaming Industry to Embrace Blockchain

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