Cryptocurrency Daily News Bulletin: October 10, 2018

General News

Forbes is moving its content to a distributed ledger-based platform provided by Civil. As part of the partnership, Forbes will begin archiving aspects of its existing content on the platform, as well as working with the startup to “experiment with new methods of reader engagement,” whilst enhancing transparency.

St. Regis Aspen Resort has concluded its security token offering (STO), raising $18 million in the first equity ICO hosted on the Indiegogo platform, a popular crowdfunding website. Accredited investors had purchased all $18 million worth of Aspen Coins made available through the sale, with each coin representing a share in a single-asset real estate investment trust (REIT).

China may be looking to issue or consider backing domestic institutions issuing yuan-pegged coins, a researcher from the People’s Bank of China (PBoC) claims in a recent report. OKCoin’s founder, Star Xu, said that he believes the “trend of issuing a Chinese yuan stablecoin is inevitable and OKCoin USA will participate in rolling out a regulated stablecoin.”

Middle East’s first central bank-backed crypto exchange is set to launch in 2019. Rain Financial has opened its public waiting list after a year in the Central Bank of Bahrain’s fintech sandbox. Rain aims to offer both a brokerage for retail crypto investors and an institutional platform along the lines of Coinbase Pro in Silicon Valley.

Singapore’s central bank, the Monetary Authority of Singapore (MAS), is working to ensure crypto startups receive domestic banking services as part of the country’s efforts to boost fintech development.

Swiss Financial Market Supervisory Authority (FINMA) has given the green light for Crypto Fund AG to legally act as an asset manager. With the license, the fund is now allowed to manage and distribute domestic and foreign funds for investing in crypto-related projects.

Cryptocurrencies

Aeternity $1.26 USD (16.74 percent) have announced further improvements of the Testnet being implemented in preparation for Mainnet launch, as AE token sees strong gains today. The testnet will be available by the end of this week and includes significant improvements to state channels, nodes, system stability and usability of their naming system.

Bitcoin $6,558.19 USD (-1.11 percent): A recent study from Juniper Research states the crypto market could “implode” as they “estimate a further 47 percent quarter-on-quarter drop in transaction values” for the next quarter.

Bitcoin Cash $510.73 USD (-1.36 percent) evangelist and Bitcoin.com owner Roger Ver is consideringlaunching a crypto exchange using BCH as its base currency.

Ethereum $225.86 USD (-0.95 percent) and EOS $5.85 USD (-0.23 percent) just hit a new all-time high in the number of DApps on their platforms, with most of them using gambling DApps. A total of more than 65,000 users were recorded on DappRadar.

Ethereum Classic $10.76 USD (-1.26 percent) has partnered with Blockfolio Signal to be part of the revisionary outfit that makes it easier for investors to manage their portfolios.

NEM $0.104986 USD (-2.42 percent) has partnered with VNX Exchange, a trading platform for tokenized VC assets. Luxembourg-based VNX Exchange is seeking to create a regulatory-compliant marketplace to link investors and VC’s in search of liquidity. This new partnership expects to develop protocols and standards for operating security tokens on the NEM blockchain through their entire life cycle.

PundiX $0.001639 USD (7.10 percent) announced at the XBlockchain Summit with a public demonstration of the world’s first blockchain phone call on their latest device: the XPhone. The XPhone does not require a mobile carrier and runs on another Pundi X invention: the Function X blockchain. They have developed their own chain with every device in the Function X ecosystem being a node with its own address and private key.

Ripple $0.469765 USD (-2.10 percent): New numbers from Grayscale Investments reveal which cryptocurrencies are attracting institutional investors. 12.5 percent of investors are now choosing XRP in the company’s Digital Large Cap fund, up from 9.9 percent in the company’s last quarterly review. Ethereum, Bitcoin Cash and Litecoin recorded decreased interest over the last few months while Bitcoin increased its dominance along with XRP.

– WN.com, Jamie Saarloos