Cryptocurrency Daily News Bulletin: October 16, 2018

October 16, 2018 1:33 pm Published by

General News

Bitbox, the cryptocurrency exchange launched by Japanese messaging giant LINE, has announced it is now listing its own token for trading against several major crypto assets. The LINK (LN) now has trading pairs against bitcoin, ethereum and tether. LINE are also launching three new dApps focusing on various types of product review, via which users can earn LINK tokens in return for contributions.

Bitfinex have claimed that withdrawal services are back up and running – operating “without the slightest interference” – but many users still seem to be experiencing issues.

Binance also suspended withdrawals of tether yesterday because of heightened activity. However, CEO Zhao still supports the controversial stablecoin, claiming yesterday’s selloff was just “photoshopped” FUD. Meanwhile, on Wednesday, users will be able to make deposits to Binance Uganda in the leading cryptocurrencies bitcoin and ethereum as well as in Ugandan Shillings – just months after launching Uganda’s first exchange.

Coinbase is launching in a new office in the capital of Ireland in response to customer growth in the EU, as well as providing a backstop against Brexit.

Fidelity Investments is launching a cryptocurrency trading and storage platform, providing custody and trading services for enterprise clients. Fidelity is one of the five largest financial services providers in the world, maintaining some $7.2 trillion in client assets.

Huobi has announced it will list four U.S. dollar-pegged cryptocurrencies this week, making it the latest major exchange to do so in wake of recent issues surrounding tether. These include TrustToken’s TUSD, Circle’s USDC, Gemini’s GUSD and Paxos’ PAX. OKEx also announced the additions of all four stablecoins. BitPay has also announced that merchants may now accept settlement in GUSD and USDC.

India has their first crypto ATM, despite the RBI’s crackdown on digital assets. The machine offers Bitcoin, Ethereum, XRP, Bitcoin Cash and Litecoin. Unocoin, the company that operates the ATM, says the machine can legally circumvent the country’s crypto restrictions because ATMs have nothing to do with India’s banking system.

Sony has developed a new blockchain-based digital rights management system that may see commercial rollout soon. The system will help manage copyright-related information for digital content, citing educational content as a prime use case.

Cryptocurrencies

Ethereum $210.51 USD (-0.67 percent) Foundation just awarded nearly $3 million to 20 different individuals or groups for work on client diversity, usability, scalability, security and simply for building tools around Ethereum’s blockchain. Meanwhile, Ethereum has become the first base currency on Bitthumbs new decentralized exchange.

NEM $0.095997 USD (-0.88 percent) Foundation has set its sights on expanding Australia’s blockchain ecosystem by launching a new blockchain hub in Melbourne.

Paxos $1.02 USD (-3.61 percent), the startup behind the regulated Paxos Standard (PAX) stablecoin, said it has so far issued a total of $50 million-worth of the U.S. dollar-pegged cryptocurrency since its official launch last month with numbers growing.

WN.com, Jamie Saarloos



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