Cryptocurrency Daily News Bulletin: September 24, 2018

September 24, 2018 12:56 pm Published by

General News

Argentina: Bitcoin purchase volumes are on the rise in Argentina, as rising interest rates in the US, increasing inflation and depreciating peso have sight the nation into an economic crisis.

Brazil’s largest independent brokerage, Grupo XP, has publicly released its plans to launch a Bitcoin and Ethereum trading platform by the end of 2018.

Canada’s 30th ETF operator has come from a portfolio-management subsidiary of crypto exchange Coinsquare, which launched two ETFs on the Toronto Stock Exchange (TSX) over the weekend: the Coincapital STOXX Blockchain Patents Innovation Index Fund (LDGR) and the Coincapital STOXX B.R.AI.N. Index Fund (THNK).

Dubai’s Department of Finance (DoF) has partnered with the Smart Dubai Office (SDO) to launch a blockchain-powered payment system called “Payment Reconciliation and Settlement.” The platform is built for government entities to provide a more accurate and transparent governance process, with real-time payments between government structures.

U.K: The Winklevoss twins are looking into growing their New York-based Gemini cryptocurrency exchange across the Atlantic to the UK.

U.S. Representative Tom Emmer announced a trio of blockchain-focused bills which he intends to introduce them into Congress in the coming weeks. The bills aim to support the industry, covering a range of issues around the blockchain space, including development, miners and crypto-related taxes.

BitPesa, a digital treasury management solution that leverages blockchain settlement to improve the speed of payments to and from frontier markets, has teamed with Japan’s SBI Remit, to make it easier for Africans to buy Japanese products.

TigerWit has announced a partnership with Liverpool Football Club and the launch of a new blockchain-based trading app that gives clients access to access to key global markets and trade FX, indices, commodities and metals.

Cryptocurrencies

Bitcoin Cash

$467.80 USD (-6.61 percent) users have launched Bitcoincashtalk to rival Bitcointalk, claiming it is what Bitcointalk should have been.

Ethereum $234.14 USD (-4.80 percent) Foundation will launch at least one scaling solution before the end of this year according to Virgil Griffith, representative of the Ethereum Foundation Special Projects. He claims state channels and Plasma should be out by the end of the year.

IOTA $0.561004 USD (-10.21 percent) now has its first smart contract on Tangle called MicroHash, which is already live. It is built on the 4th layer of IOTA’s complex smart contract mechanism, the TOQEN protocol, which utilises it’s the TQN token for consensus. This is because the IOTA token was not built to enable smart contract capability.

Ripple’s $0.530267 USD (-9.25 percent) supernormal rally last week caused XRP to jump nearly 184 percent, briefly overtaking the market cap of Ethereum. The pullback capped a huge weekly gain of 100 percent, now lying just over $1billion shy of that second place. Whilst fundamental news announcements for xRapid, Coil and PNC initiated the rally, we should expect a bigger pullback in XRP when most of the speculative buying dies down.

Tether: A new research paper titled “The Impact of Tether Grants on Bitcoin,” examines the tether-bitcoin price manipulation theory using a Value-at-Risk (VAR) model to establish conclusively that while there is a positive correlation between USDT grants and bitcoin’s trading volume, this does not lead to any significant bitcoin price movement.

WN.com, Jamie Sarloos



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