Asia & Australia,  Bitcoin,  Ethereum,  Latin America,  Media,  Ripple,  Tether

Must-reads for August 31, 2018 (Labor Day Weekend): Ethereum futures, missing petros, useless bitcoins, Walmart robots, and more

Here are the crypto stories you should be watching today

Cboe, the exchange group behind the first market for bitcoin futures, is telling market makers that ether futures will soon be live (Business Insider)
A source has told Business Insider that the CBOE, which launched the first U.S. regulated futures on bitcoin, is looking to launch an ether-based futures contract as soon as December. As of last week, the total open interest in the CBOE’s bitcoin contract equaled only 4,069 BTC, or a little more than $28 million.


Special Report: In Venezuela, new cryptocurrency is nowhere to be found (Reuters)
The Venezuelan government’s much-hyped oil-backed cryptocurrency known as the petro is tough to find. It’s not in exchanges and almost no one uses it in Venezuela. Some people who have bought it call it a “scam.” What?! Maduro is running a fraud? Who woulda thunk it? And that brings us to…


Bitcoin and other cryptocurrencies are useless (The Econonist)
As per conventional wisdom, The Economist is short bitcoin, long blockchain. How original and outside the box!


Bitcoin mining giant is launching an Ethereum mining pool (TheNextWeb)
One in five bitcoins mined in the past 12 months were done so by Now the company, a subsidiary of ASIC mining hardware giant Bitmain, announced on Thursday that it has started an ethereum mining pool. They are also looking into mining monero.


Blockchain jobs are booming in Asia, even as cryptocurrency prices struggle (CNBC)
Crypto prices may be staggering all over the place like a frat boy at a Jersey Shore party on a Saturday night. However, the number of jobs in the crypto space is rising in Asia. “The situation in Asia seems to mirror the U.S. in that bitcoin [job search] trends are much more volatile (and related to price volatility) and resulting media coverage while blockchain and cryptocurrency searches have seen a more consistent upwards trajectory,” a spokeswoman for employment site Indeed told CNBC.


Walmart Wants to Build an Army of Autonomous Robots Controlled by Blockchain (CCN)
Walmart has filed a patent for delivery robots to help it compete with Amazon. If those two companies hire only robots in the future, who will be able to buy things at Walmart or on Amazon?


Ripple Scores Small Win Against Investors Claiming XRP Is a Security (CoinDesk)
Several investors are suing Ripple, saying that its token is a security and must be regulated as such. A California Superior Court has now ruled to consolidate the several cases.


New Study Provides Bullish Outlook on Bitcoin, Claiming $98,000 Possible (CoinTelegraph)
Satis Group is going full-out Tom Lee with its 5-year prediction that BTC could trade close to $100k. It could also trade close to $0, too. Satis Group’s dartboard with random prices on it could not be reached for comment.


We are thinking about Bitcoin’s energy usage in all the wrong ways (TheNextWeb)
Bitcoin miner’s drive for cheaper costs has sparked large investments in clean, renewable energy, argues David Canellis in TNW. On, Avi Mizrahi reports that Israel’s Bitfarms has a facility in Quebec using hydroelectricity that can mine a bitcoin for just $1,567.



Blockchain is everywhere!


In agriculture:
Emerging Opportunities for the Application of Blockchain in the Agri-food Industry (International Centre for Trade and Sustainable Development)

In healthcare:
How blockchain could solve 4 major problems in healthcare (Health Data Management)


In legal:
Law firms, tech companies partner to build new blockchain-based platform for smart contracts (ABA Journal)

In marijuana:
Can blockchain help the legalized marijuana industry? (Yahoo Finance Canada)


In terrorism:
Dark Web Powers the World’s First Jihadi Cryptocurrency Crowdsourcing Effort (BTC Manager)

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Lawrence Lewitinn, CFA was the founding editor in chief of Modern Consensus. Disclosure: Lewitinn owns no cryptocurrencies in his portfolio.