Here is a roundup of the week’s latest updates on the news and views in the ever- changing world of ethereum and other cryptocurrencies.
GAMBLING WITH ETHER
Continuing with the rapid rise in popularity of blockchain games, Abelcrypto.com https://ambcrypto.com/ethereum-eth-based-game-fomo-3d-makes-a-splash-branded-bitconnect-2-0/) reported on a new gambling game launched in the week by Ethereum. The game, named FOMO 3D, invites players to buy a key with Ether (about 0.00054 ETH per key) and enter the game. One lucky player then wins all the Ethereum in the game – a whopping 21300 ETH in the last round. The key, when entered, adds 30 seconds to the time of the game and the last person to buy and enter a key before time runs out is the winner. Concerns regarding the risk of gambling on peoples financial status and health have been raised.
HOLO LISTED ON MAJOR EXCHANGES
What happens when a relatively unknown cryptocoin lists on a major exchange? In the case of HOLO it jumped the ranking of the coin to 84th on the list of the most popular cryptocoins and increased the Market Cap from $76 million to $117.5 million. The coin announced it was listing on the IDEX exchange on 23 July 2018 and according to Ethereum World News (https://ethereumworldnews.com/holo-hot-jumps-over-50-on-binance-listing/), the coin outperformed all others on the day. Holochain is different to the standard peer to peer applications as it an “agent-centric series of source chains” and not a single blockchain.
GODS UNCHAINED RELEASED
In a leading move to launch the first e-sports competitive game on the Ethereum platform using blockchain technology, Gods Unchained was released during the week. Even though the game already has more than a million users, the game will make use of an on-chain / off-chain technology that will ensure the ETH platform does not get congested. All the game-action that does not involve in game purchases of cards will happen off-chain. The Ethereum network has been facing challenges with their lack of capacity after the launch of games such as Cryptokitties. For more information and related articles, visit bcfocus.com (https://bcfocus.com/news/ethereum-based-e-sports-project-funded-by-coinbase-launches-gods-unchained/19139/)
GROWTH OF BITCOIN TECHNOLOGY
ON 23 July, Ethereum World News (https://ethereumworldnews.com/another-chinese-city-embraces-blockchain-technology/) released the news that Nanjing, the capital of the Jiangsu Province in China, announced their intention to invest in the development of Blockchain based projects. With a commitment of 10 Billion Yuan from the Government the vision is to develop the first completely smart city in the country. The Government of China placed a ban on all cryptocurrency activities a while ago, but despite this , Ethereum was placed at the top of the list for blockchain in the categories of technology, innovation and applicability.
GOOGLE INCLUDES ETHEREUM IN ITS CRYPTO TO CASH CONVERTOR
Converting the value of your cryptocurrency to the cash has been a challenge for many miners and crypto-investors. A few months ago, Google launched a convertor for Bitcoin that simplified the process for users. Oracle Times (https://oracletimes.com/google-includes-ethereum-eth-litecoin-ltc-and-bitcoin-cash-bch-in-its-crypto-to-cash-converter/) reported that Google has now added Ethereum, Litecoin and Bitcoin Cash to the convertor. The application is as simple to use as searching for “ Crypto Convertor” and selecting your cryptocoin and hard currency from the drop down lists. There has been some resistance by some user who believe giving Google more information about yourself and the value of your cryptocurrencies is not a good idea.
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