From Bitcoin’s huge hash rate to crypto’s use case as a Swiss bank account for all, here’s a look at some of the stories breaking in the world of crypto.
Bitcoin (BTC)
Bitcoin’s hash rate just hit 62 quintillion, a new record. That brings the total gain in August alone to more than 50% – a sign that the network is thriving and the number of Bitcoin miners is growing.
Ethereum (ETH)
Ethereum co-founder Gavin Wood just sat down with Bloomberg to talk about Ethereum and crypto at large. The conversation covers ICOs, blockchain scaling and the challenges of building a platform in a bear market.
The CEO of the Stellar-powered money transfer firm Tempo says he believes crypto will play a major role in the future of finance. In a recent interview with Finance Magnates, Anthony Barker says, “If you live in a country with inflation, or in a country [where the government] wants to steal your money, it’s sort of like a Swiss bank account for every person.”
The universal crypto wallet platform Ethos is well on its way toward adding Litecoin and Dash. In a new update, the company says it is “now testing these two coins internally – placing them at 95% completion. Integration is right around the corner, and we are excited to bring the Ethos, Litecoin and Dash communities closer together.”
Cardano (ADA)
Cardano founder Charles Hoskinson recently hosted a Q&A session at the Cardano Meetup in Tel Aviv. Hoskinson details his vision for Cardano and introduces Ouroboros, the platform’s new proof of stake algorithm.