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BitMax.ioBTMX.io)News Digest 20190829

Major Headlines

1. Bitcoin Eyes $9K Price Support After Drop to One-Month Lows

2. Telegram Will Release Code for Its TON Blockchain on Sept. 1

3. Hedera Hashgraph Blockchain to Launch, Release Coins Starting Sept. 16

4. SBI Holdings Will Pay a Shareholder Dividend in XRP

5. ‘Legend of Mir’ Game Maker Inks Agreement for Blockchain Payments

6. Ethereum Client Becomes First Public Blockchain Project on Hyperledger

7. Coinbase Study Says 56% of Top 50 Universities Have Crypto Classes

8. Santiago Stock Exchange to Partner in Blockchain Alliance

9. US Air Force Partners with Blockchain Firm to Automate Data Management

Takeaway

1. Bitcoin Eyes $9K Price Support After Drop to One-Month Lows

· Bitcoin risks falling to $9,000 in the next 24 hours, having dived out of a narrowing price range on Wednesday. A violation there would expose the next support lined up at $8,500.

· The breakdown looks legitimate as it is backed by a surge in selling volumes. The daily chart indicators are also reporting bearish conditions.

· A weekly close (Sunday, UTC) below $9,533 would confirm a double top breakdown on the weekly chart.

· The bearish case would be invalidated above Wednesday’s high of $10,280, although that looks unlikely.

2. Telegram Will Release Code for Its TON Blockchain on Sept. 1

· Telegram Open Network, or TON, the ambitious blockchain project announced last year by the Telegram messaging app, is expected to release the code needed to run a TON node on Sept. 1, according to two individuals familiar with the project.

· To date, there has been only one operational node — run by Telegram itself — on TON’s test network. With the upcoming code release, a broader range of users will be able to run their own nodes.

· According to a leaked white paper, TON will use a Byzantine-fault-tolerant proof-of-stake consensus with “infinite sharding” and the capacity to support a staggering 292 shardchains (49 followed by 26 zeros).

3. Hedera Hashgraph Blockchain to Launch, Release Coins Starting Sept. 16

· Hedera Hashgraph, a blockchain-like public network for enterprises, announced Thursday that FIS Global will become the ninth addition to its 39-member council.

· Hedera also announced that it intends to launch its mainnet in beta on Sept. 16.

· Before the mainnet launch, Hedera will announce a 10th governing member, and 13 nodes will run the open system with three of the 10 governing members running two nodes.

4. SBI Holdings Will Pay a Shareholder Dividend in XRP

· SBI Holdings, the investment arm of Japanese financial giant SBI Group, will pay out dividends in the third largest cryptocurrency by market capitalization, XRP.

· According to a company statement released Wednesday, SBI shareholders will receive 30 XRP for ever 100 shares they own, as part of an intermediary shareholder benefit program. The dividends paid will coincide with shares held as of Sept. 30, 2019.

5. ‘Legend of Mir’ Game Maker Inks Agreement for Blockchain Payments

· Wemade Tree, a subsidiary of the game company behind the Legend of Mir series, has signed an agreement with Linka, a local blockchain payments provider.

· The companies will cooperate so that Wemade Tree’s blockchain gaming platform will be able to process wallet payments via Linka’s gateway. The goal is to make it easier for users to pay for blockchain-based entertainment.

· Its Wemade Tree subsidiary was early to test the potential of blockchain. In October 2018, it was one of the first nine companies to utilize Klaytn, Kakao’s public blockchain. Wemade Tree has received funding from Blocore, a Korean fund which counts Klaytn among its investments.

6. Ethereum Client Becomes First Public Blockchain Project on Hyperledger

· The Hyperledger technical steering committee approved Pantheon’s addition Thursday morning, renaming the initiative to Hyperledger Besu.

· Pantheon includes a suite of ethereum-based services built by PegaSys, an engineering team at ConsenSys. These services can operate on top of ethereum’s public, private and test networks.

· Part of the requirements for projects looking to join Hyperledger is to be open source under the Apache license or re-licensed as Apache.

7. Coinbase Study Says 56% of Top 50 Universities Have Crypto Classes

· Academic interest in crypto and blockchain is increasing across the board, according to a study from Coinbase published Wednesday.

· Working with survey site Qriously, Coinbase also surveyed 735 students ages 16 and older, finding a 6 percent uptick in student interest in crypto or blockchain coursework.

8. Santiago Stock Exchange to Partner in Blockchain Alliance

· A new Hyperledger blockchain initiative is looking to stabilize the Chilean stock market and lure in overseas investors.

· The Santiago Stock Exchange (STE), Central Securities Depository (DCV) and the Global Trade Directory (GTD) will form a blockchain association for this task, according to a BNamericas report, published August 27.

· Within 18 months, the association looks to institute the Business Blockchain Network that will operate a collection of nodes. Reportedly this interconnectivity will “reduce applications, times, and costs of administrative processes.”

9. US Air Force Partners With Blockchain Firm to Automate Data Management

· Blockchain firm Constellation yesterday announced a partnership with the U.S. Air Force to help automate the armed force branch’s big data management.

· According to a statement from Constellation, data sources like drones, planes, and satellites present unique use-cases for DLT. Constellation helps secure data silos from traditionally locked sources.

(All citations of the News Digest are taken from Coindesk.)

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AscendEX is a leading global digital asset financial platform founded by a group of Wall Street quantitative trading veterans in 2018, servicing retail and institutional clients in over 200 countries and regions of the world.

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