Highlights: Waltonchain has another promising launch, Ether gas solutions, and some Vitaliks just want to watch the world burn.
Waltonchain Announces WTC-Food
Source: Reddit
Waltonchain, who announced the launch of WTC-Garment yesterday, has also announced the launch of WTC-Food, a supply chain traceability solution. Using IoT tech, users can get real-time data about the food they purchase through every step of the growth and distribution process, which in turn correlates to brand reputation.
Monaco Re-brand
Source: Crypto.com
Monaco has re-branded and is now crypto.com. They still offer buying, selling, trading, and wallet services, as well as their Visa card and mobile applications. They have also updated their whitepaper.
Partnership: Status and OmiseGo
Source: Status
Ethereum mobile OS Status will partner with OmiseGo to integrate their decentralized exchange and to work together on scalability research. Status will also incorporate the OMG SDK into their native wallet.
Proposals for Ether Gas Solutions
Source: Child Pays Parent | Minimum Fees
As per our report a few days ago, the Ethereum network spam from the Fcoin exchange doesn’t have a specified end date, and gas prices continue to rise. The posts linked above each detail a proposed solution. The first suggests that Ethereum adopt a system equivalent to the Child Pays For Parent method utilized by Bitcoin, in which the UTXO from an unconfirmed transaction are spent with a higher fee - possibly double the original amount needed - in order to incentivize miners to confirm both transactions. In other words, the transaction fee attached to the child pays for the original parent transaction.
Vitalik’s proposal suggests a “minimum fee market” in which a trailing minimum fee is set per block. Miners are paid the difference between the transaction fee and the minimum fee. This disincentivizes miners from picking up lower transaction fees, resulting in unfilled portions of blocks (which are then used to calculate the minimum fee for the next block). In theory, this stabilizes the fee market. The minimum fees would then be given back to the protocol as a sort of reinvestment fund for various community use cases.
Read both proposals in detail at the source links above.
Launch: Stakenet.io
Source: Twitter
Stakenet has launched Stakenet.io, a ‘Staking as a Service’ cloud platform (I know, say ‘stake’ one more time). To celebrate the launch, they are having an XSN giveaway, details for which are in the tweet linked above. The also have plans for a wallet, pooled masternodes, TPoS marketplace, and more in the future.
Western Union Snubs Ripple In Newly-Awarded Patent
Source: BC Focus
We previously reported on Western Union’s experiment using Ripple, which did not appear to be going well. Apparently the partnership has officially soured, as Western Union published a patent today to further its interest in cryptocurrency - and XRP is noticeably absent. The patent is for a transfer system using biometrics for security and specifically mentions Bitcoin, Litecoin, and Peercoin.
South Korea To Give Blockchains, Crypto Legal Classifications
Source: Daily HODL
The South Korean government plans to categorize blockchains and cryptocurrency exchanges as legal entities, enabling them to implement classifications for different kind of blockchain products and services and presumably then introduce regulatory frameworks. The country is also reportedly working on ways to legislate ICOs, which are currently banned.
India Official Alleges ‘Mega Bitcoin Scam’
Source: Coin Telegraph
A senior member of the India National Congress has accused members of the majority Bharatiya Janata Party (BJP) of using Bitcoin to launder and extort money, to the tune of $723 million. The alleged scam was made public in April after a claim was filed against district police. The INC is demanding a Supreme Court investigation.
Announcement: StellarX
Source: Medium
StellarX, a “full-featured trading app” for the Stellar marketplace, was announced today via Medium. It’s an app with a lot of ambitions, like trading crypto for fiat for municipal bonds, and also a free-offering, making its business model a bit of a question mark. The app is currently invite-only and will go public later this summer. According to the announcement, the Stellar platform was chosen for its decentralization, zero-trading fees, and cost/energy efficiency.
Invoice Platform Adds DAI Token
Source: CoinDesk
TradeShift, an invoice marketplace similar to Populous, has added support for MakerDAO’s DAI token to its platform. TradeShift allows business to sell IOUs for funding; with the addition of DAI, business can now do it with crypto.
SunContract Opens Fiat Gateway
Source: Yahoo
SunContract, a blockchain energy market, has launched a fiat gateway to its platform so that users can exchange Euros for SNC, a proprietary token used to purchase renewable energy. The gateway is a significant upgrade to the user experience, which previously involved buying SNC on a separate exchange in order to utilize them on the SunContract platform.
Launch: Huobi US
Source: Coin Telegraph
Cryptocurrency exchange Huobi has launched a “strategic partner” trading platform in the U.S. Registration is open now for residents of most U.S. states - there are nine exceptions - and trading will officially begin on July 10th.
Swiss Stock Exchange To Open Crypto Exchange
Source: Business Insider
The Swiss stock exchange, operated by SIX, will launch its own cryptocurrency exchange next year, it announced today. The new exchange will be overseen by the Swiss national bank and regulatory authorities. A SIX official says the exchange launch will address one of the “key challenges” in the crypto space, i.e. digital asset custodians.
Sassy Vitalik Is Best Vitalik
Source: Tech Crunch
In a TechCrunch session, Ethereum founder Vitalik Buterin touched on several subjects, including one particularly incendiary comment about centralized exchanges: he wants them to “burn in hell.” The remark was made in reference to the idea of using Coinbase as a key-management service, an idea of which Mr. Buterin is apparently not a fan. He sees centralized exchanges as a current necessary evil owing to the nature of fiat currencies, but finds the resulting listing fees unnecessary.
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