Cryptocurrency Daily News Bulletin: October 1, 2018

October 1, 2018 1:24 pm Published by

General News

Arrington XRP Capital, the digital asset manager, may be poised to cease funding any U.S.-based startups after receiving their second subpoena from the SEC. Arrington did not clarify which company is being investigated or what information the firm was told to provide. CEO Arrington claims that a pivot to Asia from the US is inevitable unless the SEC provides clearer guidance on the industry’s regulations.

Bankex has launched a crypto custody service targeted at individual investors.

London Block Exchange plans to launch a new cryptocurrency pegged to the pound, LBXPeg, after receiving permission from an unnamed banking partner to launch the new stablecoin.

Opera, a leading browser provide, has announced a new partnership with strategic blockchain advisory and financial services firm Ledger Capital in an effort to grow the company’s blockchain technology initiative.

Wall Street Journal’s latest report has found that $88.6 million in illicit funds have been funnelled through 46 documented cryptocurrency exchanges. $9 million of these funds is reported to have gone through Switzerland-based digital currency exchange ShapeShift.

India’s central bank, the RBI, has denied the “formal creation” of a unit to research AI and blockchain technology, as their hard stance on crypto remains.

Japan’s Virtual Currency Exchange Association (JVCEA) plans to tighten its customer asset management measures by establishing a limit on the amount of digital currencies that can be managed online by any exchange to around 10 to 20 percent of customer deposits.

Cryptocurrencies

Bitcoin $6,610.55 USD (0.07 percent): New analysis from two research firms – Chainalysis and Diar – state that 36 percent of BTC’s circulating supply is ‘lost, likely lost, or unmined’. This means 6.226 Million BTC is technically unavailable for purchase or trading.

Bitcoin Cash $538.04 USD (-0.37 percent) will now be rewarded as dividends on cryptocurrency exchange CoinEx. The eligibility for receiving BCH dividends from the company is the possession of at least 10,000 CET.80 percent of the total CoinEx monthly revenue will be allocated to CET holders, with the remaining 20 percent going to development and other projects.

EOS $5.69 USD (-1.82 percent) is seeing further controversy surrounding its centralisation of their Block Producers (BPs) with Singapore-headquartered Huobi exchange now standing accused of orchestrating voter collusion in elections for EOS BPs. Screenshots of a spreadsheet obtained by Chinese-based EOSONE are claimed to record block producers voting for each other and, it is also alleged, in Huobi’s case receiving payments from other BPs. Huobi have issued a statement in which it denied having financial dealings with other EOS nodes but did not explicitly rule out the authenticity of the spreadsheet.

Ethereum $231.20 USD (-1.37 percent) Foundation’s security lead, Martin Holst Swende, said he supportsswift action to remove ASIC mining hardware from the ethereum platform. Meanwhile, a new report from BitMEX Research analysing the Ethereum holdings of ICO projects shows that ICOs have already sold almost as much US$ worth of Ethereum as they initially raised.

Litecoin $60.87 USD (-0.73 percent) and Dash $186.51 USD (-0.81 percent) are now supported on popular SMS cryptocurrency wallet service CoinText, which previously only supported Bitcoin Cash.

NEM $0.098419 USD (2.93 percent) is collaborating with the Institute of Blockchain, a Singaporean non-profit blockchain school, which will adopt the NEM blockchain for the issuance of Electronic Certificates.

Ripple $0.591316 USD (-1.75 percent) is leading several organizations launching a lobbying group in Washington D.C., dubbed Securing America’s Internet of Value Coalition (SAIV). SAIV will aim to promote “a vision of a fair and equitable Internet of Value,” standard and consistent rules for all major protocols, clarification of custodian rules and “fair and equitable IRS regulations for capital gains, assets and charitable contributions.” The firms in the group are planning to pay the bipartisan lobby group – Klein/Johnson Group – in XRP to support the blockchain and digital currency community. Meanwhile, the Siam Commercial Bank (SCB) will be the first to use RippleNet’s “multi-hop” feature. This feature gives the SCB the ability to: “Receive and forward on a payment without a bilateral relationship between the originator and beneficiary institutions.”

Stellar’s $0.261665 USD (1.23 percent) zero-fee decentralized crypto exchange, StellarX, has left its beta phase and was fully launched over the weekend.

WN.com, Jamie Saarloos

 


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