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Walmart Plans To Create A Blockchain-Controlled Network Of Robots Handling Deliveries

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One of the biggest retail giants within the United States, Walmart, recently announced its plans to build an army of autonomous robots that would be controlled and authenticated through a blockchain network.

According to the official documents that surfaced online this Thursday, the retail giant has even applied for a patent that will allow the system to oversee the ‘in-field authentication of autonomous robots’. The patent was published by the US Patent & Trademark Office with the original date of submission dating back to January 2018.

Currently, Walmart says that it plans to use legions of robots like these to make deliveries – and with that compete with Amazon in a retail landscape that looks like a sci-fi film. According to the documents, the system would coordinate robots in different stages within the delivery process – from handling deliveries to using wireless signals to communicate and identify every order.

A system like this would definitely be a great target for hackers. However, Walmart knows this and believes that the blockchain-related distributed ledger technology (DLT) could help secure it against potential malfeasances.

As the patent application reads:

“In some embodiments of described above, blockchain technology may be utilized to record authentication signals and identification information to facilitate or resulting from in-field authentication between autonomous electronic devices. One or more of the autonomous electronic devices described herein may comprise a node in a distributed blockchain system storing a copy of the blockchain record. Updates to the blockchain may comprise authentication signals or identification information, and one or more nodes on the system may be configured to incorporate one or more updates into blocks to add to the distributed database.”

This is not the first time Walmart sought patents for systems that are adopting the blockchain technology. Last year, the retail giant applied to patent a system that would use DLT to manage package delivery hubs (known as lockers) and reserve locker space for packages, ensuring that every order is delivered in a locker where there is available capacity.

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Blockchain News

Bakkt’s Moonshot Futures Program To Start Testing Today

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Bakkt’s Moonshot bitcoin futures platform is scheduled to start testing today and in the coming altcoin news, we are about to refresh our memories and rear more about it. The bitcoin futures platform has been long-delayed and it is expected to start testing today. The platform is aimed mainly at institutions and it is widely expected to change and boost the markets and especially the price of the number one cryptocurrency. As it was reported by Fundstrat last week, the investors are waiting patiently for the launch on the sidelines.
 “There appears to be a critical mass of adopters ready to come on board on Day 1 of the Bakkt launch… The launch could be a huge accelerator for market growth.”
Bakkt’s Moonshot which was rolled by the Intercontinental Exchange (ICE) which is the parent company of the New York Stock Exchange and both Microsoft and Starbucks is not the most anticipated launch of the year. According to a post written on Medium by Adam White in June, the platform will begin the user acceptance testing today: Bank-rolled by the Intercontinental Exchange (ICE) - the parent company of the New York Stock Exchange - as well as Starbucks and Microsoft, Bakkt is the most anticipated launch of 2019.
 “On July 22, two days after Apollo 11’s 50th anniversary, Bakkt will initiate user acceptance testing for its bitcoin futures listed and traded at ICE Futures U.S. and cleared at ICE Clear US.”
While the bitcoin futures trading is not a novelty, Bakkt brings fresh air on to the table. The futures contracts are basically settled in Bitcoin so the investors will receive a real allocation of BTC at the end of the contract period. Also, the CME bitcoin futures are tracking the spot price and are settled in cash but they never actually touch bitcoin. Bakkt will also provide institutional-grade custody for digital assets and this will be fully regulated. The company applied for a trust license which makes it possible to act as a qualified custodian with more than $100 million in insurance coverage. The market research company Fundstrat, stated last week that Bakkt will be a major booster for the price of bitcoin since more than 150 institutional investors and service providers who attended the digital asset summit last week responded positively on the project as it was reported in the latest cryptocurrency news.
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Robinhood App To Launch A Cash Management Account Soon

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Robinhood App is another crypto-related entity that scares the bank since the popular crypto trading app is going after the legacy banks by launching a cash management account in the future. As we can read in the coming altcoin news, the COO of Robinhood Gretchen Howard stated:
"We’re going to come out with a cash management account soon."
This feature was previously launched and discounted in 2018. The very existence of cryptocurrency already is considered as a threat to traditional banking because it is decentralized. When a decentralized financial system is trying to integrate a fintech platform such as the Robinhood App, the banks become very scared. The big banks are trying to use a policy that will slow adoption of such technologies or by creating their own alternatives. The launch of the new feature was scheduled now because the regulators pointed out that there is effectively offering an unregulated bank account that has no deposit insurance as it is required in the States. This time, the company has prepared a legacy investment banking establishment which aims to disrupt the business model. The approach seems to be innovative and disruptive. After the retraction in December, Robinhood now aims to prove that the new product is not a real bank account but rather a cash management tool that is embedded in the customers’ already existing brokerage accounts. It is very important to make this distinction because of regulator reason but this is more than just making clear because the new service still has the ability to replace a traditional banking account. The Robinhood app company has not been shy about sharing its plans to create a new investment paradigm which is focused on bringing many new retail investors. As noted in the latest cryptocurrency news, Robinhood also applied for a federal bank charter so in the long term, the goal is to disrupt the entire banking system as a whole. The banks have a lot to lose since many crypto companies are trying to develop a distinctive product that will attract retail investors and people who want to use decentralized platforms.
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Etoro CEO Yoni Assia Will Join The $4.5 Million Lunch With Warren Buffett

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Etoro CEO Yoni Assia will be joining the $4.5 million lunch with Warren  Buffet and Justin Sun. the crypto power lunch now has another person who should enrich the conversation between the businessmen and we are reading more about it in the latest cryptocurrency news below. Etoro CEO Yoni Assia tweeted:
 ‘’Would love to join as well ! I believe there is huge potential for social impact that can be done via #Crypto and would love to have @WarrenBuffett engaged with us !’’
With his major experience in the finances and business, Assia brings a whole lot of the table. The Israeli investor and businessman revolutionized the world of trading with his platform because he got to millions of users closer to the financial markets with the social trading strategies. Etoro has managed to raise more than $800 million in investments. Another guest that will be joining the lunch is the head of the Binance charity Foundation-Helen Hai. So far, Justin Sun invited the Huobi CEO Livio Weng, Litecoin’s creator Charlie Lee. Circle’s Jeremey Allaire and Binance’s Changpeng Zhao. The only person who declined to go to the lunch is Changpeng Zhao saying that New York is too far but he recommended inviting Anthony Pompliano instead. Many argued that Sun made a great decision when he chose his companions but others criticize the excess of people that come from the trading world and also that there are no Bitcoin advocates here. It is also weird that the people who are invited are an only crypto evangelist who could lead Buffet not to find any common ground on the subject on the crypto ecosystem. Some even believe that it would be a great idea to invite some institutional investors as well. Some of the names that were proposed by the community include Tony Vays, Andreas Antonopoulos and Vitalik Buterin. There is still a chance that Sun could invite these people but so far, nothing. As noted in the altcoin news before, the subject of conversation during the meal is still not set. It is expected that much of the discussion will revolve around business associated with the speculation of digital assets and the crypto markets security.
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Coinbase Closes Its Bundle Product After 8 Months On The Market

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Coinbase closes its Bundle project after being available for 8 months on the market after allegedly figuring out that it is the end of the altseason. More about their decision, we read in the coming altcoin news below. The altseason appears to be over and nobody is sure if it’s ever coming back. Coinbase reportedly got the message very fast and decided to bin its diversified crypto-bundle product. A FAQ from the company reads:
‘’Coinbase Bundle purchases have been deprecated, as such all assets purchased in the Conibase Bundle have been redistributed to their respective individual asset wallets.’’
Coinbase Bundles were meant to provide the investors with a diversified digital asset portfolio which could be dollar-cost averaged by using the same tactic that the investors use in traditional asset classes. Investors could also spend up to $25 to purchase a bundle of five cryptocurrencies which were easily balanced in proportion to their own market cap. For example, Litecoin, Ethereum Classic, Ethereum, and Bitcoin comprised each bundle. In a combination with Coinbase Learn and Asset Pages, the bundles were meant to look good for crypto newbies that are aiming for the dollar cost average into some long positions without having to conduct a huge amount of technical analysis. When it was first introduced in 2018 in September, Coinbase noted:
‘’The vision of an open financial system depends on people’s ability to understand, explore, and choose cryptocurrencies. We expect that millions of people will make their first cryptocurrency purchase in the coming years. But all too often, getting started can be overwhelming for people learning about crypto for the first time.’’
Now, after 8 months, Coinbase closes the Bundle project and this decision is bound to draw some criticism but maybe pleasure as well from those who dislike the company. It could be a very smart move to bin the product since the altcoins have been crashing recently as bitcoin corrected and managed to get on the rallying track. As noted in the latest cryptocurrency news, the cancellation of the Coinbase Bundle product could add some credibility to the argument that the diversification does not always work for crypto despite the sector being too volatile or calm.
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