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Crypto News Flash: Bitcoin, Ethereum, Litecoin, Stellar, VeChain, Nuls, Tezos

August 11, 2018

From the search for Satoshi to new adoption for Stellar, here’s a look at some of the stories breaking in the world of crypto.

Bitcoin (BTC)

A new research report on cryptocurrency concludes Bitcoin has the power to become an “effective substitute for hard cash in the future.”

The study points to the use of Bitcoin and crypto in Venezuela’s troubled economy. It shows BTC can already act as a safe haven in shaky economies.

Meanwhile, a self-proclaimed “international group of crypto-enthusiasts” called #Findsatoshi has launched a new crowdfunding campaign. Organizers say they’ll use the money to hire detectives in the US, Japan, Russia and the UK to track down the mysterious creator of Bitcoin.

Ethereum’s Constantinople hard fork remains on target. It’s set to happen sometime before the Devcon4 Ethereum Conference in October and is designed to improve efficiency and reduce transaction costs. The fork is just one of a long list of items the core development team tackled in its latest meeting.

Litecoin hodlers can now send LTC through Telegram thanks to a new project called Lite.im. The project’s developers say they are also working on a protocol that will allow people to send Litecoin via text.

A bear market is the best time for people to work on adoption.

Check out https://t.co/Ua8LQz9f4h. Send and recieve LTC on telegram. Eventually, it will support SMS also. Great work @ztxrepublic team! ?

We build it and they will come. Adoption is key!

— Charlie Lee ???? (@SatoshiLite) August 9, 2018

VeChain (VET)

VeChain’s mobile wallet is now migrating tokens from the Ethereum blockchain over to the new VeChainThor blockchain. The company is warning users not to send ERC20 tokens to the wallet and is asking anyone with questions to email support.

X Node binding service has been closed and VET token swap service in the VeChainThor mobile wallet starts.

Reminder: DO NOT send your ERC20 tokens to the VeChainThor wallet and DO read the manual carefully before swap.

For any further support, please contact [email protected] https://t.co/0MXoau2RtJ

— vechain (@vechainofficial) August 10, 2018

Stellar (XLM)

Shift Markets says it’s adding XLM to its turn-key cryptocurrency exchange platform, which gives companies an easy way to quickly spin up a new cryptocurrency exchange. SHIFT says its technology currently powers about sixty crypto exchanges worldwide.

Shift Markets Announces Partnership with Stellar Lumenshttps://t.co/t3Lvmi7cnU#Crypto #XLM #Shift #Stellar

— Shift Markets (@shiftmarkets) August 9, 2018

Nuls (NULS) and Tezos (XTZ)

China’s official cryptocurrency ranking index is adding Nuls and Tezos. The new list will be released later this month, featuring a total of 33 coins.

You can check out last month’s index 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.