Cryptocurrency Daily News Bulletin: September 5, 2018

September 5, 2018 1:26 pm Published by

General News

The Australian Securities Exchange (ASX) has postponed the integration of its blockchain post-trade settlements system from late 2020 to Q1 2021 in response to concerns from stakeholders over its aggressive timelines.

Colorado’s Department of Regulatory Agencies (DORA) has revealed plans to assess three crypto-based firms offering “unregistered ICO’s” in the state as part of an ongoing investigation into a practice being used by companies to defraud members of the public. The companies include: Bionic Coin, Sybrelabs Ltd., and Global Pay Net.

Citylets, a Scottish property firm, is teaming up with a local blockchain startup Wallet.Services to create the world’s first Private Rented Sector (PRS) database. Wallet.Services will be creating a ledger that will tackle rising rents in Scotland’s residential sector by recording rent changes in the form of shareable data.

Deutsche Börse, the German capital markets giant, has created a dedicated ‘DLT, Crypto Assets and New Market Structures’ department for exploring the application of blockchain technology.

The People’s Bank of China (PBoC) has officially launched the testing phase of a blockchain trade finance platform.

European Parliament members held a meeting yesterday to discuss a proposal that, if approved, would create new regulations and a standardisation on ICOs within the wider crowdfunding framework. The proposal was written by MEP Ashley Fox, whom called for an 8-million-euro cap on token sale proceeds as well as KYC/AML requirements.

Rakuten recently purchased the exchange Everybody’s Bitcoin Inc. for $2.4 million; expecting to finalize the deal by October 1st. The tech giant runs one of the world’s largest e-commerce platforms, Japan’s largest internet bank and the country’s third-largest credit card company by transaction value., and they now look to expand their crypto services.

Iran’s Supreme Cyberspace Council has revealed that various ministries of the country’s government have accepted crypto mining as an industry.

Philippines: The SEC is planning to release new trading rules for cryptocurrency exchanges by the end of next week.

Cryptocurrencies

Bitcoin moderator, BashCo, who works on the BTC subreddit, claims traffic has spiked for the first time since December.

Bitcoin Cash: Abra has announced their plans to allow users to fund Abra wallets using BCH in the coming days. The crypto wallet has also added support for Cardano, Tron and Basic Attention Token. This follows the app’s expansion of its services to allow customers to make transfers from European bank accounts directly to Abra wallets.

Bitcoin Gold will be delisted by Bittrex by September 14th following an $18 million hack of the BTG network in May.

Bitcoin Diamond has surged more than 180% in the last 24 hours following its listing on Binance.

Ethereum: The Google Cloud team has officially made the Ethereum dataset available in BigQuery, the company’s big data warehouse for analytics, which will be updated daily. The tool was created to help make business decisions, prioritize improvements to the Ethereum architecture, and to make balance sheet adjustments.

Stellar has achieved the milestone of 1,000,000 accounts on its network. This follows IBM announcing that its Blockchain World Wire (BWW) payment network is out of beta this week. BWW, which uses digital currency on Stellar’s blockchain to facilitate international settlements between banks in “near real-time,” is the latest step forward for the partnership. XLM has also been listed by Swiss-based FinTech company Lykke on its exchange.

Stratis has announced a partnership with UK Meds, the UK’s fastest growing online pharmacy. The agreement sees UK Meds implement blockchain technology across its UK operations with plans to collaborate with the wider online pharmacy industry, using Stratis’s blockchain.

Tron has surpassed EOS in terms of the number of accounts on the network. This comes in the limelight days after the launch of the Tron Virtual Machine. This follows Tron’s recent listings on exchanges Extrates and Coindeal. Nonetheless, Tron remains 13th in terms of market cap compared to EOS, which still lies in 5thposition.

WN.com, Izaan Khan



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