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Crypto News Flash: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Monero (XMR), IOTA

August 16, 2018

From a prominent bitcoin bull to a big Coinbase announcement, here’s a look at some of the stories breaking in the world of crypto.

Bitcoin (BTC)

Bitcoin bull and founder of crypto investment firm BKCM Brian Kelly says the CBOE futures expiration may have played a role in Bitcoin’s bump today. He says if past is prologue, the trend could last about six days.

#Bitcoin bouncing back today, and @BKBrianKelly explains why you should trust this bounce. pic.twitter.com/YhMo3EoSWp

— CNBC's Fast Money (@CNBCFastMoney) August 15, 2018

Ethereum (ETH)

Ethereum creator Vitalik Buterin has unleashed a tweet storm hinting that Casper may be closer to completion than people think. The proof-of-stake protocol is designed to help Ethereum scale and lower transaction costs.

75. What's left now? On the FFG side, formal proofs, refinements to the specification, and ongoing progress on implementation (already started by >=3 teams!), with an eye to safe and speedy deployment. On the CBC side, much of the same. Onward and upward!

— vitalik.eth (@VitalikButerin) August 16, 2018

IOTA

IOTA has revealed a new look at some of the projects emerging in the platform’s ecosystem. Through the IOTA Ecosystem Development Fund (EDF), the projects will receive community-donated funding with the goal of creating a vibrant group of initiatives built around the IOTA core protocol.

Monero (XMR)

A new report from Germany’s RWTH Aachen University finds that the infamous browser-based miner Coinhive generates around $250,000 worth of Monero (XMR) each month. That adds up to about 1.18% of the total mining power behind the blockchain.

The JavaScript-based miner is meant to be used responsibly by websites that tell their users they’d like to use their CPU power to mine crypto. However, hackers are notorious for secretly injecting the script onto unsuspecting websites to reap the rewards.

Bitcoin, Ethereum, Bitcoin Cash, Litecoin and ERC20 Tokens

Coinbase says it’s redefining what a crypto wallet should be with the new Coinbase Wallet. The company says the mobile wallet is more than just a tool to access your cryptocurrency, but also a home-base for exploring the decentralized web and its possibilities.

With Coinbase Wallet, you have the ability to:

  • Manage ETH and all your ERC20 tokens, with support for BTC, BCH and LTC coming “very soon”

  • Receive airdrops and ICO tokens

  • Buy and store crypto collectibles? and use them in games, or trade them on marketplaces

  • Send cross-border crypto payments to anyone, anywhere

  • Access leading decentralized exchanges and relayers to buy and sell tokens

  • Explore the full universe of third-party dapps that enable everything from taking out a loan or lending to others on the blockchain to earning crypto by answering questions, performing services, or completing tasks

You can download the app for iOS or Android here.

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.