Cryptocurrency Daily News Bulletin: October 2, 2018

October 2, 2018 12:46 pm Published by

General News

1Broker, the bitcoin futures firm, said it will begin allowing users to access a “read-only” version of its platform, a move that comes days after it was hit with charges from U.S. regulators and its domain being seized.

Enterprise Ethereum Alliance (EEA) and the Hyperledger Project have agreed to collaborate on bringing common standards to the blockchain space and cross-pollinate a wider open-source community. Two of the three largest and most influential enterprise blockchain communities will now be seeking interoperability and bridging blockchains.

Korea Investment Partners (KIP), the largest VC firm in South Korea, is investing in its first blockchain startup. Temco aims to revolutionize supply chain management systems for SMEs.

ShapeShift CEO Erik Voorhes has hit back at The Wall Street Journal investigative article that claimed the crypto exchange was used by criminals to launder money. He claims the news outlet’s report showed a misunderstanding of how cryptocurrencies work and Shapeshift has never laundered money as it does not accept fiat currency.

Wyoming legislators are currently considering drafting legislation that would allow the creation of a crypto bank to serve the needs of the digital asset and blockchain firms in the state. Only established businesses will be allowed to become members of the bank.

Cryptocurrencies

Bitcoin’s $6,575.66 USD (-0.46 percent) monthly trading volume throughout September marked its lowest amount since April 2017, according to Bitfinex, with BTC price action being stuck between $6,000 and $7,000. Periods of low volatility often are often followed by a decisive move in either direction, but with the downside looking more likely.

EOS $5.66 USD (-0.07 percent): Block.one CEO Brendan Blumer stated the firm intends to use its EOS stake to ensure the network’s on-chain governance model is characterized by a “free and democratic election process.” Blumer’s statement was prompted by allegations a group of block producers were operating a voting cartel, with Huobi exchange being cited.

Ethereum $228.61 USD (-0.78 percent) startup Parity Technologies has added an early version of ethereum’s anticipated Casper code change to its blockchain development platform, Substrate. The code contains a mechanism to transition to the “Shasper” upgrade, that combines the platform’s in-house scaling solution, sharding, alongside its proof-of-stake consensus switch, Casper. “Once it lands, we should see vast improvements in terms of ethereum’s transaction throughput,” Wei Tang, lead developer for Parity claims.

Ripple’s $0.557577 USD (-4.40 percent) annual Swell conference commenced yesterday, with three companies – MercuryFX, Cuallix and Catalyst Corporate Credit Union – being announced by Ripple CEO Brad Garlinghouse are now making commercial use of Ripple’s xRapid product after a series of highly-publicized pilots.

Siacoin $0.006600 USD (1.59 percent) will soon move to enact a software change meant to block Bitmain’s mining hardware from the platform, allowing hardware manufactured by Nebulous subsidiary Obelisk to remain one of the only ways to collect rewards. David Vorick, CEO of Nebulous, emphasized the code change is optional, and is configured in such a way as to “enable a group of dissenters to easily split off and be on a separate blockchain where the hard fork was never implemented.” Furthermore, despite claiming the decision came from the community, many users have been suspicious over the centralised decision-making and the potential security threats of the fork.

WN.com, Jamie Saarloos



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