In today’s edition of Crypto Daily News, we’ll cover Microsoft’s latest tech that runs on the Ethereum network and OKEx’s troubles launching its Bitcoin (BTC) futures.

Crypto Daily News: August 8th, 2018
Microsoft Uses Ethereum

Yesterday, the software giant Microsoft made a huge announcement debuting its latest Blockchain as a Service (BaaS) product. The product allows businesses across industry verticals to deploy a ‘flexible’ instance of Ethereum that is tailored specifically for enterprise environments.

The Ethereum Proof-of-Authority on Azure, Microsoft’s product, allows enterprises to build applications on Ethereum that are not secured but are …

Most of the cryptocurrency market is in the red today, as Bitcoin (BTC) has just fallen below the $7,000 mark. But today, we’re focusing on EOS and Stellar (XLM), and their latest project updates and price.

EOS

The first EOS Global Hackathon took place in Hong Kong back in mid-June. There was a total of 80 teams that participated in the event from around the world, and $144,000 USD was awarded.

The second EOS Hackathon took place in Sydney, Australia over this weekend.

The moment you’ve been waiting for – congratulations to …

VANCOUVER, British Columbia, Aug. 03, 2018 (GLOBE NEWSWIRE) — AXS Blockchain Solutions Inc. (“AXS Blockchain”) (CSE:BAXS) (FRA: C0B), a leader in blockchain solution development, is pleased to announce that the board of directors has appointed Ashik Karim as Chief Executive Officer, and a director, effective August 3, 2018. Mr. Karim is currently and will also remain the Chief Executive Officer of Chainlinks Lab Inc., a wholly owned subsidiary AXS Blockchain. Mohammad Ahmad has stepped down as Chief Executive Officer to take on a strategic leadership role as Chairman of AXS.

“By appointing Mr. Karim as the …

Goldman Sachs appears to have mixed feelings towards Bitcoin. Earlier in 2018, the bank said it was planning on opening a BTC trading desk. Yesterday, a former Goldman Sachs executive said a Bitcoin ETF was possible. Yet, in the Goldman Sachs midyear economic-outlook report, Bitcoin was reported to decline even more than it has so far already this year.

Goldman Sachs Midyear Economic-Outlook Report

According to the bank’s investment strategy group, Bitcoin’s price has declined by 45% this year, and it’s not going to stop anytime soon.

Why, though? Sure, we’ve all seen the …