Cryptocurrency Daily News Bulletin: October 4, 2018October 4, 2018 1:18 pm
Abra, the crypto wallet provider, is launching a new token in a bid to offer investors more exposure to the crypto market. The Bitwise 10 Crypto Index Token (Bit10), developed with Bitwise Asset Management, tracks the top 10 cryptocurrencies by market cap and is rebalanced monthly.
Gemini exchange has obtained insurance coverage for the digital assets it holds in custody. Co-founded by the Winklevoss twins, they announced the insurance will be provided through a consortium of insurers arranged by global professional services firm Aon. This insurance comes on top of the Federal Deposit Insurance Corporation-insured dollar deposits that the exchange holds.
TD Ameritrade, the brokerage firm, is investing in a new crypto exchange. Dubbed ErisX, the exchange will allow investors to trade bitcoin, bitcoin cash, ethereum, litecoin, as well as physically delivered bitcoin futures.
Israel’s securities regulator has launched a blockchain-based messaging system in a bid to improve security. The Israel Securities Authority (ISA) will use the tech to communicate with entities under its jurisdiction with transparency.
United States: A bipartisan bill recently introduced to the House of Representatives proposes creating a “consensus-based definition of blockchain.” If passed and signed into law, bill H.R. 6913, dubbed the Blockchain Promotion Act of 2018, would create a working group to study the tech and create a common definition for the purposes of government.
Aeternity $1.07 USD (3.29 percent) and Lime Chain have created a strategic partnership for the realization of various synergistic goals on blockchain application development and promotion.
Bitcoin $6,574.25 USD (1.28 percent): Acinq, one of the leading startups working on the lightning network, a top-level layer aiming to boost the number of transactions bitcoin can support, has closed a $1.7 million funding round, as they aim to invest into improving UX. Meanwhile, IBM researchers claim they have a solution to make bitcoin’s PoW much more efficient. IBM researchers have been dividing the nodes into small groups of 250 to 1,000 and then allowing an algorithm to decide what proportion of each group should be doing the mining work, depending on the amount of power used by each node and the security required.
Binance Coin $10.26 USD (0.64 percent) has now passed both NEO and ETC in market cap, standing as 14thlargest. The rise comes after Binance founder Changpeng Zhao revealed that BNB will be used to pay for fees on Binance Chain, the company’s new decentralized exchange.
IOTA $0.555562 USD (0.92 percent) have announced the full wallet integration of their token on Bitpanda. Bitpanda is also now one of the first companies to use IOTA Hub in a production environment. IOTA Hub is a simplified token management system that allows exchanges and other enterprises to integrate IOTA more easily.
Komodo $1.11 USD (2.11 percent) announced a new collaboration with the University of Texas at Arlington (UTA) to bolster education within the sector.
NEO’s $18.17 USD (1.24 percent) core developers have outlined two new tokens to help its dApp projects exchange value through its smart contract protocol, NEP-5. Known as CNEO and CGAS, they are pegged to NEO and GAS at a 1:1 ratio and will bring much needed liquidity to the network at a time where the number of dApps working off the NEO platform has grown significantly according to NEO Global Development (NGD).
Ripple $0.533476 USD (0.98 percent): Michael Didiuk, partner at the Seattle-based law firm Perkins Coie, saidthat he did not believe the SEC – where he spent eight years – would consider XRP a security. He announced at Swell 2018 conference that he believes XRP is a currency, though he added that a surprise decision to the contrary will be damaging. Meanwhile, Crypto.com, formerly known as Monaco, has officially added XRP to its wallet and card payment app.
– WN.com, Jamie Saarloos