CryptoDaily by BC Focus; Ripple (XRP) CEO, Unocoin launches, Asus to Bring Crypto Mining; 31 May, 2018



TRON Begins Move to Independent Public Blockchain

TRON Protocol, the company behind one of the world’s largest blockchain-based application protocol projects, announced today that they had begun the process of moving to MainNet. The move off Ethereum and on to their independent blockchain will offer a faster and more reliable network for developers. Read more

Tradeshift proposes blockchain expansion following $250million funding

Tradeshift, the firm dealing with supply chain has made an announcement to extend blockchain technology in their organisation. Series E funding worth $250 million preceded this latest crypto news. PSP Investments and Goldman Sachs were the major powers behind the bulk funding. Read more

Blockchain is new “technological revolution”: Xi Jinping, Chinese President

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Blockchain is in high regard by the Chinese President, Xi Jinping on 28th May, 2018. This optimistic remark has come at a time when China embraces blockchain technology.The President made this declaration on the 19th annual conference held at the Chinese Academy of Sciences, Beijing. Xi focussed on blockchain technology and exemplified it as a “new generation” of emerging technologies. Read more 

Blockchain, used to eradicate global trading system difficulties

Blockchain is used  to develop Digital Silk Road Project to eradicate global trading system difficulties in Partnership with DCCI and DFF.The project, which is a part of the the Dubai 10X initiative, seeks to use blockchain technology to drop key complexities and weaknesses in the global trading system. Read more


Hong Kong official says no plan for Central Bank Digital Currency

A government official confirmed that Hong Kong Monetary Authority (HKMA) has no plans to issue a central bank digital currency (CBDC). HKMA is the de facto central bank of Hong Kong.Joseph Chan, Acting Secretary for Financial Services and the Treasury spoke about the topic at a council meeting with legislators in Hong Kong. He said that according to HKMA’s research, CBDC wouldn’t be as useful in Hong Kong compared to other jurisdictions. Read more

Quebec Gov’t to lift moratorium on energy sale to cryptocurrency miners

Cryptocurrency miners in Quebec have been suffering from the moratorium imposed by the government. Earlier in March 2018, the Quebecois government had put a ban on supplying electricity to crypto mining companies.Quebec Premier Phillipe Couillard had told cryptocurrency miners that the state-owned Hydro-Quebec will not be providing them cheap electricity anymore. The reason being that there wasn’t enough power to meet the demand of cryptocurrency mining. Read more

Ripple (XRP) CEO: Bitcoin’s influence over cryptocurrency prices might end soon

Ripple (XRP) CEO, Brad Garlinghouse believes that Bitcoin’s influence over the price of cryptocurrencies could end soon. He says this will happen when markets start acknowledging the difference between the assets.Talking to CNBC’s “Power Lunch” on Wednesday, he said,“There’s a very high correlation between the price of XRP and the price of Bitcoin, but ultimately these are independent open-sourced technologies,” Read more

Unocoin launches a multi-cryptoasset exchange platform called “UNODAX”

India’s first Bitcoin trading platformUnocoin announced that they’ve launched a multi-cryptoasset exchange on May 30th. They claim that the platform, UNODAX is ‘rethinked from scratch’.Unlike Unocoin which only supports Bitcoin trading, on UNODAX you can buy/sell Bitcoin [BTC], Ethereum [ETH], Litecoin [LTC], and Ripple [XRP]. The UNODAX platform offers 15 cryptocurrencies including the ones mentioned. You can trade in these multiple cryptocurrency assets using Indian Rupees [INR]. Read more

Huobi, Major Cryptocurrency Exchange to open in Brazil

Huobi, one of the leading cryptocurrency exchanges in the world is expanding its operations in Brazil. They’ve set up an office in São Paulo and are looking to hire regional staff to manage the exchange. Huobi representatives were also marketing their platform at a cryptocurrency conference in São Paulo, Brazil called VI Bitconf. Read more

Asus to Bring Crypto Mining Motherboard with Space Of 20 GPUs

Asus, a Taiwanese multinational hardware company has showcased its product ‘Crypto Mining Motherboard‘ which is targeting cryptocurrency miners.H370 Mining master is follow up to last year’s B250 Mining Expert. Further reports from Asus adds that “redefined the formula for a second generation” is related to the crypto product. This Mining Master can support a total of 20 graphics cards (GPUs) which is a notable boost. Read more

Daily Cryptocurrency Price Analysis

  • Bitcoin(BTC) :  $7,370.22 : The Market Capitalization stands at $125,769,856,212. The 24 hour volume is pegged at $5,767,950,000. Change : -1.76%
  • EOS (EOS) : $11.95 : The Market Capitalization stands at $10,633,156,343. The 24 hour volume is pegged at $1,955,490,000. Change :-2.77%
  • Ethereum(ETH) : $552.60 : The Market Capitalization stands at $55,131,267,942. The 24 hour volume is pegged at $2,287,300,000 Change:-2.74% Read more

$500 Million In Ripple Possibly Lost After Billionaire Mathew Mellon’s Sudden Death

The sudden demise of Crypto Billionaire, Mathew Mellon, has raised more doubts about the fate of cryptocurrencies and digital assets in the event of the death of the asset holder. A significant number of these digital assets are secured away in mobile apps, online exchanges and wallets and the sporadic hardware wallet. $500 Million was the approximate value of Ripple held by Mathew Mellon before his death in April this year. Read more

$1 Million Ripple Ransom Demanded By Hackers Involved in Data Theft Of Canadian Banks

Hackers have warned to publish personal information for close to100,000 customers of two Canadian banks if their demand for a ransom of $1 million in Ripple is not met. On 28th May, Bank of Montreal and online bank Simplii Financial, owned by CIBC, reported that they discovered over the weekend that the identifying personal information of a combined 90,000 different account holders had been breached. Read more

Crypto Startup Fund Worth 30 Million Launched By Japanese Mobile Game Maker

Japan’s Gumi, the game maker with favorite games like Brave Frontier to its credit, has launched a $30 million crypto investment fund.  VentureBeat reported that Gumi Cryptos is the blockchain/crypto venture fund launched by Gumi Inc. Gumi Cryptos is committed to investing in emerging cryptocurrency and blockchain technology organizations globally. It brings its portfolio companies a strategic venture capital investment partner with unique access to the Japan cryptocurrency market through its network of investors and management board. Read more

AUGUR (REP) and OX (ZRX) get listed on Bithumb exchange

Augur (REP) and Ox (ZRX) will be listed on the Korean cryptocurrency exchange, Bithumb, according to an official tweet by Bithumb. Following the announcement, both cryptocurrencies have experienced a significant increase in value! Bithumb, a crypto exchange originally based out of South Korea is one of the most prominent ones out there. According to coinmarketcap’s data, it currently sits in the 6th position with a 24-hour trading volume of $485 million. EOSTRON and Bitcoin are the most traded coins on the exchange. Read more

ICOs and Coins

Bitcoin Price to shoot-up during The Russia World Cup

Russia World Cup is to happen in next two weeks there is a probability of Bitcoin Price to shoot-up. As the football fans descend in the country.In recent years digital payment has become difficult in Russia, since most of the credit card companies have blocked the cards as a result of US sanctions back in 2014. Read more

Binance supplements Theta Token [THETA] which upsurges by 32%

The Binance, a prominent multi-linguistic cryptocurrency exchange on 28th June made an announcement to enlist Theta [THETA] token on its platform. Binance – the crypto exchange, provides the information related to the trading pairs involving THETA/BTC, THETA/ETH and THETA/BNB. Read more

TRON (TRX) drops by 14% just ahead of its mainnet launch

TRON (TRX) is on the verge of its mainnet launch and it has had a huge drop in price. According to coinmarketcap data, it has reduced by a massive 8% in the past 24 hours and by 14% during the past week!It’s TRON (TRX) coin’s big day at the mainnet launch and something that they least desired has happened. Everyone predicted that it would experience a huge upsurge in value. However, TRON (TRX) has disappointed the team as well as every single investor to find itself amidst a 14% dip over the past 7 days. Read more

Bitcoin Cash [BCH] and EOS Added to a Cryptocurrency App called deVere Crypto

deVere Group, one of the most prominent independent financial services organizations in the world, has added Bitcoin Cash [BCH] and EOS on its cryptocurrency exchange app. deVere Group was established in 2002 by CEO Nigel Green. As more and more people-centered on opportunities abroad, Green saw a niche in the financial services market for them. Today, deVere Group has developed to become one of the world’s leading independent international financial consultancy. With well over 80,000 clients in more than 100 different countries – and more than $10 billion under advice and administration,deVere Group intends to sustain its place at the vanguard of the industry. Read more

Bitcoins Worth $1.4 Million Confiscated Following Supreme Court Ruling in South Korea

The South Korean government has ordered confiscation of 191 bitcoins seized in a child-porn cybercrime case. The accused has been declared guilty and put to jail with an obligation to pay a $640,000 fine. Korean news Yonhap reported that South Korea’s apex court had endorsed a former court order of a forfeit of cryptocurrency related to cybersex crime. The Supreme Court sustained an appellate court’s sentence for a child pornography site operator. The court awarded a judgment of 18 months in prison, a confiscation of 191 bitcoins and a fine of 696 million won (US$644,000). Read more


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