BitMax.io Support
Aug 23 · 3 min read

Major Headlines (Coindesk)

Ethereum Poised to Be First Public Blockchain in Hyperledger Consortium

Amazon Cloud Outage Causing Major Issues at Some Crypto Exchanges

Litecoin’s Mining Power Has Fallen 28% Since Its Halving

Blockchain May Be Used in FDA Medical Reviews and Recalls

Canadians Charged for $220,000 Bitcoin Scam on Twitter

$100K Crypto Donation to Amazon Rainforest Charity Blocked By BitPay

Bitcoin Price Looks Bearish Despite Bounce to $10.2K

Takeaway

Ethereum Poised to Be First Public Blockchain in Hyperledger Consortium

· Ethereum could become the first public blockchain on Hyperledger — if the open-source consortium’s technical steering committee approves a proposal to adopt the ConsenSys-backed Pantheon project.

· Pantheon is a suite of ethereum-based services built by PegaSys, a 50-strong engineering team at ConsenSys.

· Pantheon would become the first public blockchain project added to the Hyperledger umbrella, meaning the Pantheon code would be published on Hyperledger’s proprietary GitHub page and open to contribution from developers already involved in the project.

Amazon Cloud Outage Causing Major Issues at Some Crypto Exchanges

· Problems with Amazon’s cloud service, AWS, are disrupting services at some cryptocurrency exchanges on Friday.

· A number of Asian exchanges are affected, and the AWS issues are producing erratic market data.

· Traders have been able to buy 45 bitcoins for less than $1 (in the tether stablecoin, USDT).

· Some users were able to execute trades on bitcoin for as low as $0.32, based on CITEX exchange’s order book.

· AWS’ status page indicates that there are problems at its Tokyo facility. The firm says it has found the root cause and the situation is starting to return to normal.

Litecoin’s Mining Power Has Fallen 28% Since Its Halving

· Many litecoin (LTC) miners working to secure the blockchain and compete for block rewards have been unplugging their machinery following the cryptocurrency’s recent “halving” event.

· Litecoin’s mining difficulty has dropped from 15.93 million on Aug. 4, one day before the halving, to 11.40 million on Aug. 22, based on data from mining pool BTC.com.

· The hashing power on the network has also fallen by 28 percent.

Blockchain May Be Used in FDA Medical Reviews and Recalls

· The Food and Drug Administration (FDA) may incorporate blockchain to improve drug and medical products reviews and recalls.

· Principal deputy commissioner Dr. Amy Abernethy, said the FDA is looking to modernize the way health care providers, drug manufacturers, and regulatory agencies communicate.

· “I want FDA to get our own technical house in order so that tech can ‘snap in’ — we can be agile and efficient. We need to be able to have common interfaces with industry so we can pass data between our organizations, have collaborative review, etc,”

Canadians Charged for $220,000 Bitcoin Scam on Twitter

· Two Canadian nationals have been indicted for scheming to steal bitcoin from an Oregon resident.

· Karanjit and Jagroop Singh Khatkar of Surrey, British Columbia, Canada, posed as customer service representatives of HitBTC, a Hong Kong-based cryptocurrency exchange, in order to steal login credentials of a target’s account.

· The fraudsters created a Twitter account called @HitBTCAssist to respond to the victim’s questions online.

· Using information they phished from customers, Karanjit and Jagroop were able to withdraw approximately $233,220 in bitcoin from the victim’s account.

$100K Crypto Donation to Amazon Rainforest Charity Blocked By BitPay

· A large donation to a non-profit working to protect the Amazon rainforest and the environment has been blocked by compliance rules at crypto payments firm BitPay.

· Amazon Watch Tweeted:@BitPay @BitPaySupport a donor, no doubt upset about horrific #AmazonFires tried to donate $100,000 to our account today and it was rejected as too high. We want to reach out to this person to resolve this issue, but have no way to do so. We need your help, ASAP. Thank you.

Bitcoin Price Looks Bearish Despite Bounce to $10.2K

· Bitcoin’s recovery from $9,755 to $10,255 seen in the last 24 hours lacks volume support and could be short-lived.

· Supporting the case for a drop back to $9,755 are the rising-wedge breakdown on the hourly chart and a bearish candlestick pattern on the 3-day chart.

· Wednesday’s rising-wedge breakdown on the 4-hour chart is still valid and favors a drop to $9,467 (Aug. 15 low).

· Bearish pressures would weaken if prices print a UTC close above the bearish lower high of $10,956. A weekly close (Sunday, UTC) above $12,000 is needed for bullish revival.

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

BitMax.io

BitMax is global operator of digital asset exchanges for diverse groups of clients from retail to institutions. The trading platform, architected by a group of Wall Street quant trading veterans, is designed for reliability and speed of trade execution, and ease of connectivity.

BitMax.io Support

Written by

BitMax.io

BitMax.io

BitMax is global operator of digital asset exchanges for diverse groups of clients from retail to institutions. The trading platform, architected by a group of Wall Street quant trading veterans, is designed for reliability and speed of trade execution, and ease of connectivity.

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