Top five stories from the last week
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Yahoo Finance Integrates Bitcoin, Ethereum and Litecoin on iOS App
What is this all about?
Yahoo Finance has integrated BTC, ETH and LTC on its iOS app, with a version briefly appearing — then disappearing — on its desktop version, despite Yahoo noting that the desktop, mobile web and Android version won't be available for several weeks.
How does it work?
A Yahoo Finance press release notes that users who wish to trade crypto on Yahoo Finance will have to link a broker account via integrated third-party service TradeIt. Get more details here.
JPMorgan CIO: Blockchain Will Replace Existing Technology
What is this all about?
Lori Beer, the chief information officer at JPMorgan, believes that blockchain tech will replace the current technology in the span of a few years.
What is this based on?
Beer noted that the bank currently only supports what is regulated in terms of cryptocurrencies, and has specialists who are "evaluating what is happening." Read more.
Litecoin's Charlie Lee: Crypto Bear Markets Are a 'Good Time to Get Stuff Done'
What happened?
Litecoin creator Charlie Lee has dismissed short-term volatility as the upshot of "speculation," saying that long-term price is a more meaningful measure of crypto's success.
What did he say?
"I'd like to see more [talk around] Lightning Network and sidechains, ways of helping Bitcoin and Litecoin to scale. I think with the price depressed, it's actually a good time for people to […] get stuff done. That's what I've seen in the past few bear markets actually." Read more here.
Report: North Korea Attempted to Mine BTC, While Local Firm Develops BTC Exchange
What happened?
According to a report from South Korea's state-run Korea Development Bank (KDB), North Korea (DPRK) has attempted to mine Bitcoin.
How did that turn out?
The mining attempt — which was reportedly conducted "on a small scale" between May and July 2017 — seems to have been unsuccessful. Details here.
Bitcoin vs. Altcoins: Which Is the Most Usable for Merchants?
Why is this important to discuss?
According to a survey published in June by the United Kingdom-based crypto exchange CreditCoin, 75 percent of American consumers want the option to use cryptocurrencies to pay for items they purchase in stores.
Do we have a response to the request?
The number of merchants accepting Bitcoin and other coins is nonetheless steadily increasing, with the number of Bitcoin-accepting stores reported to Coinmap — worldwide — had risen by 3,716 in a single year.
Yet, a question remains for those merchants still undecided on whether to jump into the world of crypto payments: Which coin is the most usable and practical as a means of payment? Read our analysis to find out. | | | | |
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