There is major news coming and it is related to the upcoming hard fork for Ethereum blockchain. The block reward is going to be reduced to 2 ETH in this Constantinople hard fork. This update is intended to smoothen out the changes that will be happening from PoW to PoS – proof of work to proof of stake.
KuCoin crypto currency exchange has extended the lock-up period for the KuCoin shares held by founders and angel investors. The exchange has decided that these tokens will remain locked for an additional year, until September 2, 2019. This will definitely have a positive effect on the price of KuCoin Shares.
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).