ELEC (Electrify Asia) is a utility token targeting the huge energy market in Asia. It will be using OMG wallet and Plasma network to deliver a scalable solution for maximizing returns for electricity producers whilst also saving customers money by ‘missing out the middle man’. Already has big partnerships including TEPCO (4th biggest global energy provider). Built on pre existing profitable business.
Until now, the best GPU for mining was the Nvidia GTX 1080Ti and while Nvidia Titan V yielded 30 percent more power, it cost 3x the money too. The new Nvidia RTX 2080Ti is many times more powerful than the Nvidia 1080Ti but it is not better in terms of mining. So just like the Nvidia Titan V, we may get around 30-50 percent more performance.
OmiseGO has released public v1.0.0 of their eWallet. So why is this considered news? That is because it is a white label eWallet development platform that is meant to plug into the OMG network. This means that company “xyz” can use this to create an eWallet with their logo on it and have it easily integrated into a network with massive interoperability.
Using phased approach, Bittrex added USD pairs for many top tier coins on their cryptocurrency exchange. Today, they have announced that they will be adding USD markets for both Ethereum Classic (ETC) and Ripple (XRP) on August 20 2018.
Coinbase has announced on its blog that they are now accepting inbound transfers of Ethereum Classic. Their testing has gone according to plan and they will be launching Ethereum classic support on Coinbase Pro followed by consumer centric, Coinbase.com.
Three days back, a reddit user spotted more than $5M worth of OMG tokens being transferred to cryptocurrency exchanges by OmiseGO key contributors. This obviously did not go well with the community as it looked like the contributors were preparing for the market to fall further. OmiseGO team came out today and addressed the issue even though the movement of those OMG tokens does not belong to them.
KuCoin cryptocurrency exchange has updated rewards and benefits for the holders. The new updated bonus program for KDS holders is better than ever. In this, KuCoin will use 50% of all trading fees earned by KuCoin to buy KCS from the market and then redistribute the KCS back to users as the new KuCoin Bonus Program, replacing the old one.
Bitpanda will be adding support for ERC20 tokens this month and this means the Bitpanda team will be able to quickly integrate any ERC20 token on their exchange. The first batch to be listed includes 0x (ZRX), Augur (REP) and OmiseGo (OMG).
Tezos Foundation has announced that it will be implementing KYC/AML checks for all of its investors. They have asked the users to visit verification.tezos.com and enter KYC information. A year ago when they did an ICO literally no one was doing KYC checks, the landscape changed a lot in recent months. If you’ve been following ICOs you know that any ICO working with MME Switzerland requires full KYC and they formed the Tezos Foundation. The KYC check now might seem odd since it’s a year after the ICO, the fact is that most other ICOs were just handing out ERC20 tokens so they didn’t need to build a working project yet before they could do the distribution. That’s what makes this situation different.
One of the best things about decentralized blockchains like bitcoin, ethereum and ethereum classic is that anyone can perform a hard fork and make a new coin. Ethereum Emerald is going to do a hard fork on 13th of July 2018.