Cryptocurrency Daily News Bulletin: September 27, 2018

September 27, 2018 1:33 pm Published by

General News

Baidu Blockchain Lab released the blockchain white paper detailing their development of a ‘Super Chain’ network system. The paper introduces the idea of commercializing the Baidu cloud blockchain-as-a-service (BaaS) platform. The Super Chain allows different parallel chains to choose their own consensus mechanism and will include scenarios in certification, digital rights, clearing and settlement, supply chain finance, digital assets and games.

Circle has created a crypto “stablecoin” whose value is pegged to the U.S. dollar and backed by physical currency stored in company-owned bank accounts. Circle will not be USD Coin’s (USDC) sole issuer. Instead, the token will in the future have multiple issuers as more organizations join CENTRE, an open-source consortium launched to develop a decentralized network of fiat stablecoins.

Dell, the technology giant, has outlined plans to invest in emerging tech like blockchain to retain its top position in India’s server market.

FedEx has just become one of the 14 newest members to join the Hyperledger consortium.

IBM is expanding its blockchain platform solution with insurance broker Marsh. IBM Blockchain will now launch a commercial version of an insurance verification program it first introduced in April, providing both speed and transparency for clients looking to hire contractors, as opposed to the existing manual input process.

JPMorgan’s blockchain payments trial, jointly launched by a trio of banks, has roped in 75 new banks globally for seamless and faster interbank settlements. The Interbank Information Network is now rivalling R3’s consortium.

Robinhood has rolled out its commission-free crypto trading services to Alaska.

Australia’s national science agency (CSIRO) in collaboration with the University of Sydney, have completed a global test on Amazon’s cloud computing network to process 30,000 transactions on their blockchain.

China’s Bank of Communications, one of the four state-owned commercial banks, has completed a major issuance of residential mortgage-backed securities (RMBSs) using a blockchain network; a total of 9.3 billion-yuan ($1.3 billion) worth of RMBSs.

Swiss startup, SEBA Crypto AG, launched by several former UBS bankers has raised 100 million Swiss francs ($104 million) to establish a regulated cryptocurrency bank.

Ukraine’s National Bank (NBU) is considering launching a state-owned digital currency based on blockchain.

Cryptocurrencies

Bitcoin Cash $528.78 USD (18.82 percent) has seen risen over 18% in the last 24 hours, as XRP and BCH led a slight market pullback. Some analysts have attributed BCH’s large gain yesterday to the Bitmain IPO filing on the Hong Kong Stock Exchange. The firm explicitly emphasized its 74.5 percent market share of the Bitcoin mining equipment manufacturing sector and 328.2 percent yearly revenue growth. Investors may have reacted positively due to Bitmain’s significant holdings of BCH.

EOS $5.46 USD (0.87 percent): Four Block.one execs announced their departure yesterday, sparking further controversy. Senior VP of tech operations David Moss led an exodus to create StrongBlock.io, a mysterious EOS-related outfit about which few details have surfaced. StrongBlock has also poached infrastructure president Brian Abramson, senior director of technology products Corey J. Lederer and VP of product Tom Cox.

IOTA $0.547649 USD (-2.83 percent) is partnering with Topocare, a German company looking to solve flood-affiliated challenges. Topocare is developing a Proof of Concept consensus that will facilitate its integration with IOTA, as they look to implement a machine to machine payment protocol that can only be verified successfully through blockchain.

NEM $0.093073 USD (-1.00 percent) have partnered with Gifto, a blockchain startup that proposes a consumer token for users to trade personalised gifts. Currently, Gifto is dealing with Ethereum, but the company is testing NEM’s blockchain due to scalability concerns.

Ripple $0.528794 USD (-2.90 percent) and Stellar co-founder, Jed McCaleb, has in recent weeks increased the rate at which he is selling his remaining XRP tokens, which are meted out to him on a daily basis. Meanwhile, SBI Holdings announced it has now secured a license from Japanese regulators for its joint money transfer operation with Ripple, SBI Ripple Asia. Further positive news for XRP could come from Canada’s CoinField Exchange, which announced yesterday that they are evaluating the possibility of adding XRP as a base currency for 30 crypto pairs.

Reddcoin $0.003424 USD (-1.19 percent) has recently partnered HODL Finance, a crypto-backed loans company. Those with RDD can now use it as a form of collateral on HODL Finance.

Tron $0.021051 USD (-0.51 percent) have announced version 1.2.7 of tronWalletMe, which includes new ways of unlocking access to the wallet by the user, such fingerprint recognition, as well as compatibility with Apple’s Touch ID and Face ID technologies. The dev team is also working on integrating a native crypto exchange by the end of this year. 

WN.com, Jamie Saarloos



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