Cryptocurrency Daily News Bulletin: September 14, 2018September 14, 2018 1:56 pm
BitGo has received approval in the U.S. to act as a qualified custodian for digital assets.
Binance and the Malta Stock Exchange are partnering to launch a new digital exchange for security token trading.
IBM has teamed up with enterprise blockchain firm Hacera to launch a yellow pages-like directory aimed to make it easier for companies to participate in worldwide blockchain applications and to contact other interested parties. Unbounded Registry is now live and aggregates a list of decentralized platforms built on various blockchain networks.
Morgan Stanley is creating a proprietary derivatives product that will give traders “synthetic exposure” to the price of bitcoin. “Investors will be able to go long or short using the so-called price return swaps, and Morgan Stanley will charge a spread for each transaction”, the report claims.
Mt. Gox exchange has opened its online rehabilitation claim filing system to corporate creditors who were holding crypto funds on the platform after going bust in 2014. Creditors must file their claims by Oct. 22 to be eligible for compensation.
OKEx have hit back at investigations surrounding its CEO and founder, Xu. On September 11, Xu was investigated by Shanghai police after investors claimed that he was a shareholder of WFEE and involved in the process of releasing the coin to the market. The OK Blockchain Capital team stated that it invested in WFEE as an institutional investor when WFEE was a partner of WeShare WiFi, a global leading WiFi sharing company. As such, OK Blockchain Capital claim to have no authority over the operations of WFEE and that Xu has never been a shareholder of WFEE.
Voyager, the crypto trading platform created by Uber’s first CTO and a former ETrade executive, has launcheda new brokerage division designed specifically for institutional investors. Voyager Institutional aims to launch before year end.
The World Economic Forum released a report claiming that DLT can reduce a large part of the trade deficit gap, facilitating about $1.1 trillion of new trade volumes globally.
India’s Reserve Bank (RBI) filed an affidavit in the Supreme Court, reiterating that there is not a defined legal system for virtual currencies. The affidavit explained that the existing legal frameworks neither recognize Bitcoin as currency nor money. The next hearing is now scheduled for September 17, 2018.
Japan’s primary financial regulator is expanding its team of 30 individuals screening license applications from crypto exchange operators to meet soaring interest, as they look to add 12 additional members.
Mexico’s central bank, Bank of Mexico (Banxico), has recently revealed through a circular that bitcoin exchanges and other businesses dealing with crypto assets will require a government permit.
Russia, one of the few countries alongside China and India to have restricted crypto trading, is seeing an increase in demand for OTC investment in cypto, according to local reports.
Bitcoin $6,458.93 USD (-0.15 percent) and cryptocurrencies have bottomed, according to Mike Novogratz, founder of Galaxy Digital Capital Management. Novogratz pointed out that the Bloomberg Galaxy Crypto Index (BGCI), designed to measure the performance of the largest crypto’s, “retouched the highs of late last year and the point of acceleration that led to the massive rally/bubble.”
Cloakcoin $1.81 USD (-0.20 percent) has been listed on Netcoins Holdings for purchase this fall. This will be carried out through Netcoins Holdings’s OTC Private Brokerage Services business.
EOS $5.26 USD (4.23 percent) has become one of the quote currencies on HitBTC. This means that EOS will be the basis for new pairs, raising both its own liquidity and altcoins. This follows the announcement of NDAX becoming Canada’s first exchange to offer the EOS/CAD trading pair.
Ethereum-based $209.93 USD (8.00 percent) ICO projects have sold three times more ETH than they did in August, according to research by TrustNodes. The 160,000 Ethereum tokens sold over the past few days amounts to $33 million loss in value. Ethereum led a rebound yesterday from its yearly lows back above the $200 handle.
Ethereum Classic $11.02 USD (0.62 percent) have partnered with UTrust to develop a payment solution for ETC. This follows the additions of BTC, LTC, ETH, and XRP.
Hempcoin $0.027131 USD (2.08 percent): The Financial Industry Regulatory Authority (FINRA) has charged the promoter of an ‘unregistered cryptocurrency security’ with several complaints, including securities fraud. Timothy Tilton Ayre is charged with unlawfully distributing an unregistered security, as well several counts of fraud based on false representations made to investors.
IOTA $0.574958 USD (1.10 percent): The Netherlands State Secretary for Infrastructure and Water Management, Stienje van Veldhoven, has announced the successful completion of testing for the first electric car charging station using IOTA payments. The team behind ElaadNL will now begin to design the specific hardware necessary for regular cars to use the technology.
Litecoin $53.63 USD (0.03 percent) and Tron USD trading pairs are live on Bittrex.
Ripple $0.277641 USD (1.56 percent): Japanese financial giant SBI Holdings will soon launch a payments application for iOS and Android devices powered by Ripple’s DLT. Santander launched a similar service in April for cross-border foreign exchange among the bank’s consumers in Spain, the U.K., Brazil, and Poland. Meanwhile, the National Commercial Bank of Saudi Arabia just joined RippleNet. The financial giant will go into production by the end of the year.
Stellar $0.200724 USD (-2.86 percent): TokenSoft platform which supports ICO projects officially announcedsupport for the projects based on Stellar Lumen protocol.
TRON $0.019508 USD (-0.67 percent) has partnered with Satowallet-Multi Crypto wallet and Exchange. Customers can swap TRX for other crypto’s.
Waves $2.31 USD (-4.11 percent) have started negotiations with the Maltese government to implement its blockchain technology in various public and business sectors.
ZCash $116.55 USD (1.76 percent) and Ethereum Classic have been added to deVere Crypto Exchange.
– WN.com, Jamie Saarloos