CRYPTOSILV

  Tel Aviv-based multi-asset global investment platform eToro has entered into a historic partnership with seven Premier League football clubs, which will make payments to their players in Bitcoins. WHEN BITCOIN COMES TO THE WORLD OF FOOTBALL The seven Premier League clubs who have agreed to set up a digital wallet with eToro include Brighton & Hove Albion F.C., Cardiff City F.C., Crystal Palace F.C., Leicester City F.C., Newcastle United F.C., Southampton F.C., and Tottenham Hotspur F.C. As a part of the deal, team players will be made payments in bitcoins through eToro digital wallets. eToro’s UK MD Iqbal V. Gandham tweeted the announcement through the company’s official handle. As a global multi-asset platform where you can purchase the world’s biggest cryptoassets alongside more traditional investments, we are excited to be partnering with so many Premier League clubs and make history by being the first company ever to pay for a Premier League partnership...

Vocal cryptocurrency skeptic Paul Krugman is offering a more complete picture of his views on Bitcoin and blockchain. At ChainXChange, a recent blockchain conference in Las Vegas, Krugman joined Fundstrat co-founder Tom Lee and Ripple’s chief marketing strategist Cory Johnson on a panel focused on the future of money. From the start, Krugman admitted he hasn’t looked at the entire cryptocurrency industry at large, and has instead focused on trying to learn how Bitcoin works. “Bitcoin is the only one I halfway understand,” Krugman said, reports Nulltx. Krugman then admitted that despite his concern that Bitcoin mining uses a lot of energy, the leading cryptocurrency already has more utility than gold. Gold is dead… Bitcoin has more utility than gold. There is some chance for Bitcoin to be valuable in the future.” When comparing Bitcoin’s utility compared to fiat, Krugman says his major issue is the cost of transactions used to transfer BTC. He believes if those fees were...

Apple co-founder Steve Wozniak, a computer engineer and inventor, is explaining why he trusts Bitcoin and its underlying technology over our current financial system. “Bitcoin caught my attention. It had so many unusual aspects for any technology I had ever heard of. Nobody is really known to be the creator. It doesn’t have any centralized [component]. It’s based on mathematics. There’s a certain number of Bitcoin that can ever exist… Mathematics to me is like nature. It’s much better than human beings… I trust those things of nature more than what man makes up. Man makes up currencies, controls them, and issues new US dollars every year. Bitcoin was immune to that.” https://dailyhodl.com/2018/08/20/steve-wozniak-trusts-math-and-bitcoin-over-humans-and-fiat-backs-blockchain-startup/ F

PayPal has come in for fresh criticism as commentators renew claims the company has all but failed in its mission to transform money usage. PAYPAL SLIPS UP IN TURKEY Now, amid reports of fresh account freezes in order to bend to regulatory demands in some jurisdictions, cryptocurrency industry figures are more skeptical than ever of the company whose original remit was to break down borders associated with payments and give consumers borderless freedom. “PayPal’s original vision was to prevent governments from doing exactly this,” Messari CEO Dan McArdle tweeted August 14 in response to PayPal’s admission it had blocked access to customers from Turkey. “We have no choice but to suspend processing payments in your region. We will continue to seek to obtain the necessary approvals to enable us to recommence PayPal services in Turkey in the future,” the agent explained. Responses to the message quickly turned to suggest those affected use Bitcoin instead. …BUT BIT...

In his tweet, it was mentioned that the quest of changing the Ethereum blockchain algorithm from a Proof-of-Work which it’s currently running to a Proof-of-Stake, which is said to make the community better and most importantly, make it less expensive for the community to engage in transaction processing on its blockchain actively started in early 2014. The first attempt as he reiterated was with the Slasher algorithm. Though it introduced some important updates, Slasher came with a whole lot of challenges which included “long-range attacks” where “attackers withdraw their stake from deposits on the main chain and use it to create an alternate ‘attack chain’.” Vlad’s research clearly got Vitaliks attention, and all efforts were put into making the Casper the winning protocol that will drive the Ethereum blockchain. With some modifications from the founder himself, the project was making headway with the new modification called the Casper the Friendly Finality Gadget (FFG). ...

The peer-to-peer BTC markets of numerous emerging markets have witnessed significant action this past week, with the Localbitcoins markets of Venezuela, Argentina, and the Philippines posting record weekly fiat trade volume. The P2P markets of Tanzania and the Dominican Republic also saw notable surges in trading activity. Venezuela and Argentina Witness All-Time High Fiat Volume for P2P Trade A number of Latin American P2P BTC markets have witnessed an upsurge in trading activity this past week, with Venezuela and Argentina setting new records for the fiat value of weekly trade volume on Localbitcoins, according to Coindance. A record-breaking nearly 21 trillion Venezuelan Bolivar (VEB) (roughly $84.5 million USD) worth of BTC exchanged hands on Localbitcoins during the week of the 11th of August. When measured in BTC, this past week saw the second highest volume ever for the P2P BTC/VEB markets, with 695 BTC traded in a single week. https://news.bitcoin.com/p2p-mark...

Binance, the world’s largest cryptocurrency exchange by means of trade volume, and a local professional Swiss cryptocurrency exchange will be making a fiat-to-crypto exchange available for its users. Binance Continues to Grow According to the official announcement, Binance will be responsible for the technology and the maintenance of the platform whereas the joint venue, called Binance LCX, will be managing the customer support, due diligence, legal requirements, KYC, AML, and so forth. Reportedly, the plan is to build up a team of up to 15 people for the office in Liechtenstein. The new venue will enable traders to exchange Swiss Francs (CHF) and Euros (EUR) against some of the major cryptocurrency pairs. More trading pairs are going to be added after receiving regulatory clearance. Focus on Serious Investments While there is no mention of required minimum trading amounts, the new venue is seemingly geared towards catering to the needs of professional investors. ...