Cryptocurrency Daily News Bulletin: October 8, 2018

October 8, 2018 2:07 pm Published by

General News

Bitfinex is now banking with HSBC through a private account of Global Trading Solutions. HSBC is really the first proper banking partner Bitfinex has obtained since their partnership with Wells Fargo broke down in 2017. This is great news for the exchange at a time where their latest banking partner, Noble Bank, announced they are filing for bankruptcy.   

Circle is reportedly moving to acquire SeedInvest, a crowdfunding platform for startups. If approved by regulators, the acquisition will allow startups to raise funds by selling digital tokens via its platform. The move would also expand the Circle team by 30 employees.

Ground X, the blockchain development arm of the South Korean messaging giant Kakao, has launched a testnet of its proprietary blockchain network dubbed Klaytn.

Tech Bureau, operator of Japanese crypto exchange Zaif, is yet to reveal a compensation strategy for customers who suffered losses from the $60 million theft three weeks ago.

Yale University is one of the investors that helped to raise $400 million for a major new cryptocurrency-focused fund dubbed ‘Paradigm,’ created by Coinbase co-founder Fred Ehrsam, former Sequoia Capital partner Matt Huang, and Charles Noyes, formerly of stalwart crypto fund Pantera Capital. The fund reportedly plans to invest in “early-stage” crypto-focused projects, new blockchains and digital asset exchanges. This comes as Yale – whose $30 billion endowment is the second-largest among U.S. universities – has increased the size of its allocation to “alternative investments” to 60 percent.

U.S. SEC is asking for further comment on nine different bitcoin ETF rule change proposals that are currently under review after initially being rejected.

West Virginia’s Secretary of State Office recently announced its plans to roll out a new blockchain-based voting app known as Voatz. The aim is to ensure that military personnel on duty overseas can vote in the election using their state-issued ID.

Cryptocurrencies

Aeternity $1.06 USD (1.14 percent) have partnered with DSTOQ’s Securities Exchange to leverage its blockchain technology for their trading platform. Apart from the existing partnership, DSTOQ and æternity will be jointly developing a blockchain ecosystem in Liechtenstein to accelerate blockchain adoption.

Bitcoin’s $6,620.18 USD (0.66 percent) blockchain will be launching ICO’s by the end of the year thanks to a sidechain created by RSK. RSK has been working on its Turing-complete smart contract sidechain for bitcoin since 2016 with the network fuelled by a bitcoin-pegged crypto dubbed “smart bitcoin,” or SBTC. It is written in the same language as ethereum – Solidity. Nonetheless, Bitcoin has continued to remain stable around the $6,600 mark, capping a week of sideways trading as overall exchange volumes reached their lowest level for thirteen months.

Bitcoin Cash $519.77 USD (2.19 percent), along with Bitcoin, are now being accepted as a payment option at Brewdog, one of Britain’s best-known breweries, along with 4Chan, the English-language imageboard website.

Bitshares $0.111658 USD (1.57 percent) has been delisted from Bittrex, along with two Bitcoin forks: Bitcoin gold and Bitcoin private. Bittrex claims the Bitshares market does not generate sufficient liquidity to continue supporting it, with its delisting set for Nov. 5.

Ethereum $226.16 USD (1.16 percent): Compound launched its Ethereum-based lending platform allowing individuals, institutions, and applications to earn interest on or borrow ETH assets without having to negotiate with a counterparty or peer.

Lisk $3.30 USD (0.01 percent): After their recent mobile app release, Lisk have now deployed ATMs in Hong Kong for LSK-fiat adoption. User’s can now buy LSK on the street with HKD.

Ripple $0.483995 USD (1.63 percent): The World Trade Organization says blockchain technology – and specifically Ripple – could have a dramatic and disruptive impact on the world’s financial system.

Stellar $0.245207 USD (2.52 percent): Smartlands Platform has announced a real estate tokenization project for properties managed by Colliers International, a Toronto-based real estate firm with offices in 69 countries, using the Stellar platform. Meanwhile, BitGo have announced their wallet support for Stellar Lumens, as well as Dash.

Tron $0.026828 USD (11.34 percent) has surged over 14 percent today as a tweet from Justin Sun claims that “based on community consensus, TRON will be upgrading to Odyssey 3.1 at 8 p.m. SGT. The TRON Committee function & TVM will go live, marking the start of the Smart Contract Era. TRON will be 200x faster vs. ETH, 100x cheaper vs. EOS”. Today’s mainnet upgrade wraps up a week of positive news for Tron, whereby Bitfinex announced three new fiat pairs for Tron: TRX-EUR, TRX-GBP and TRX-JPY, and crypto wallet and trading app Exodus announced full support for Tron’s mainnet.

0x $0.749298 USD (14.41 percent) has risen more than 19 percent in the last 24 hours, as rumours speculate around a potential listing on Coinbase. 0x appeared on the Coinbase tax gain/loss calculator seemingly by accident, indicating that the San Francisco-based startup is working on support for adding the asset after hinting it would just months before.

WN.com, Jamie Saarloos



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