Cryptocurrency Daily News Bulletin: September 21, 2018

September 21, 2018 2:24 pm Published by

General News

The Financial Action Task Force (FATF) said the establishment of a global set of anti-money laundering (AML) standards for crypto’s should be expected by October.

Poland’s largest bank, PKO Bank Polski, will launch a blockchain solution via a partnership with UK-based Coinform “in the coming days,” providing blockchain-issued paperwork to its five million account holders.

Russian banks have expressed their strong interest in working with the industry of crypto and blockchain during a closed-door meeting held at the Moscow Exchange. However, banks are not able to meet it due to the lack of clearly defined regulations. Representatives of Russia’s largest banks have talked to regulators from Japan, Luxembourg and Singapore to adapt their experience to local realities and to propose new guidelines to the government.

Switzerland has agreed to collaborate on financial technology, cryptocurrency, and blockchain regulations with the Israeli government.

Taiwan: A candidate for a local government seat in Taipei, Hsiao Hsin-chen, is the first politician in Taiwan to ever receive a campaign donation in bitcoin. “Accepting bitcoins as a political donation is more symbolic than the act appears,” said Hsiao, as the adoption of crypto donations could assist in keeping the political system of Taiwan clean.

U.S. SEC co-director of enforcement Stephanie Avakian mentioned the regulatory agency is most likely going to recommend “more substantial remedies” against those who fail to follow proper ICO registration requirements in the future. This follows yesterday’s announcement the SEC has begun a formal review process for the physically backed bitcoin ETF proposed by VanEck and SolidX, while asking for additional comments from interested parties in support of the proposal. Meanwhile, five U.S. lawmakers have urged the IRS to release comprehensive guidance for taxpayers earning gains on crypto investments.

Binance founder Changpeng Zhao revealed major plans to roll out more crypto exchanges across the globe following Singapore, with as many as 5-10 fiat-to-crypto exchanges around the world, with two on each continent, except for North America, by this time next year.

Royal Bank of Scotland’s (RBS) blockchain team has left to start a blockchain “venture studio” called Chorum. Richard Crook, who headed up the RBS innovation team, takes with him engineers Mark Simpson, Ben Wyeth and Farzad Pezeshkpour.

Cryptocurrencies

Aurora $0.031241 USD (58.85 percent) has risen more than 50 percent in the last 24hours following their mainnet launch.

Bitcoin $6,708.75 USD (4.49 percent) advocate and Galaxy Digital CEO Michael Novogratz says crypto markets have hit “seller fatigue,” reiterating his belief that prices have bottomed.

EOS $5.78 USD (9.65 percent), Stellar $0.243738 USD (16.79 percent), 0x $0.617552 USD (15.47 percent) and Qtum $3.92 USD (17.24 percent) have been added to Circle Invest, the digital payment and crypto service. It now supports BTC, ETH, BCH, ETC, LTC, ZEC, XMR, and today’s new additions. These new assets can be bought individually or as part of a “Buy the Market” feature which lets users acquire a diversified crypto portfolio in a single tap on the app.

ICON $0.671645 USD (12.08 percent), South Korea’s most valuable blockchain project, has partnered with the country’s biggest telecommunications conglomerate SK. SK Planet, a subsidiary of SK, operates the most widely utilized mileage system in the country that has nearly 35 million users, more than half of the country’s population. SK Planet is expected to collaborate with the ICON team to utilize its blockchain technology in supporting mobile services as well as its mileage system OK Cashbag. This follows ICON’s partnership with Line, one of the biggest messaging apps in Asia.

Litecoin $58.09 USD (6.88 percent) creator Charlie Lee is striking back at what he calls a “concerted effort to suppress” the LTC price on the party of bearish traders and hedge funds who are attempting to short the coin. The response appears to be towards Multicoin Capital which, among other things, said that LTC is “significantly overvalued” and a “relic” from an earlier period of crypto development. “Litecoin will always be the cheapest and fastest on ramp to Lightning Network. And with solutions like submarine swaps, you can use on chain LTC to pay for a BTC lightning invoice!” Lee said. “We will also have decentralized exchanges using atomic swaps. The possibilities are endless”.

NEO $18.81 USD (8.86 percent) Global Development (NGD) is opening a new office at Trust Square in Zurich, which has become the world’s largest blockchain hub, hosting over 40 blockchain start-ups and organisations.

Ripple $0.470225 USD (38.18 percent) has risen more than 40 percent  in the last 24-hours, with the news of xRapid being released soon. Its listing on OKCoin may also have contributed, which has also announced support for four other crypto’s, including ADA, XLM, ZEC and 0x.

Vertcoin $0.711260 USD (2.93 percent) centred crypto exchange, Vertpig, has announced free trades for unmatched orders. Anyone who adds an order to Vertpig’s order book without an instant match can trade for free. Vertpig supports VTC, LTC, BTC, DGB and euro trading pairs with VTC.

Waves $2.26 USD (-0.40 percent) will be listed on South Korean crypto exchange Bitthumb next week, along with Chainlink.

– WN.com, Jamie Saarloos



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