A leading blockchain company headquartered in the UK, Online Blockchain plc (OBC.L) has shared that they have launched a referral bonus programme for a cryptocurrency gaming project. The CEO of OBC.L, Clem Chambers then explained, “The launch of the referral programme will further propagate the FreeLoadr product amongst the gaming community, which ultimately has a significant impact on our hashing power. This is one of a number of developments and new features, which will be announced in due course.”
The Seoul Metropolitan Government is set to launch the first blockchain-powered administrative services in November. The city also will be creating a cryptocurrency for citizen rewards purposes named S-coins and allow them to redeem the points for rewards and will be integrated with a city-government sponsored QR-code-enabled network, ZeroPay which allows customers to pay for goods and services using their phones.
Binance Labs reported has introduced its first blockchain gaming event, Game Oasis Hackathon which is co-hosted by Cocos-BCX, Celer Network, Matic Network, and Contentos. The hackathon will be having multiple rounds, including the preliminary online hackathon and subsequent onsite hackathon to be organized in four different cities: Shanghai, Seoul, San Francisco, and Bengaluru.
Coinbase (a popular crypto platform) has made public that it is exploring to support for eight new digital assets. They are namely: Algorand (ALGO), Cosmos (ATOM), Dash (DASH), Decred (DCR), Matic (MATIC), Harmony (ONE), Ontology (ONT) and Waves (WAVES). In its announcement: “Stablecoins are beneficial to anyone who trades crypto, but also have the potential to materially improve the lives of people in countries where inflation is eroding wealth.”
A cryptocurrency exchange based in Japan, Bitpoint has reportedly restarted its trade services after a major security breach incident worth of $28 million happened in mid-July. The cash deposits and withdrawals in fiat currencies have been opened on August 6th, the margin trading services will be launched on August 9th and also confirmed that the hacked wallet is no longer in use and not under threat anymore.
The CEO of crypto payments firm Circle, Jeremy Allaire, has predicted that macroeconomic turmoil is the major engine behind the bitcoin rally. He stated: “You can very clearly see some macro correlation there. I think the broader theme of, Bitcoin specifically, crypto more broadly participating in these global macro forces is becoming more clear. Rising nationalism, rising amounts of currency conflict, trade wars, these all obviously are supportive of a non-sovereign, highly secure digital store of value.”
Tezos (XTZ) cryptocurrency which has recently seen a surge in market capitalization is now supported by U.K. based traders platform & exchange, EToro. Yoni Assia, CEO of EToro claimed, “As we see financial institutions move more into the world of crypto, it is important that ordinary investors can take advantage of these technological developments, which is why we’re excited to be adding coins like Tezos to eToro.”
The Google Trends has revealed that bitcoin is a more searched term than stocks, this means that more investors and people are turning to using cryptocurrencies. The analysis also broke that especially millennials (born between 1990s to early 2000s) are much interested in blockchain and cryptocurrencies. It’s also worthy to note that since the origin of Bitcoin to Q1 2017, cryptocurrency did not exceed those of stocks search.
The Founder of Zcash and CEO of Electric Coin Company (ECC), Zooko Wilcox has appealed for a new funding model for the development of its Zcash. Wilcox said: “I hope that the community will decide to renew the ‘Dev Fund’ structure, allocating coins from future block rewards for core support functions such as software development, user support, business development, regulatory and government outreach…”
An announcement has been made by the People’s Bank of China (PBoC) regarding their intention to accelerate the development of its cryptocurrency. Apart from that, PBoC has also shared that they should accelerate the research and the development of its digital currency and paying attention to the domestics and foreign currency and strengthen their financial risk remediation.