Cryptocurrency Daily News Bulletin: October 18, 2018

October 18, 2018 2:03 pm Published by

General News

Zebpay, one of the biggest exchanges in India, has registered an office in Malta with a view of serving other European countries too, following the RBI’s crackdown. Unocoin is one crypto exchange bypassing Indian regulators’ clampdown on crypto businesses using stablecoins and ATMs to continue receiving fiat deposits from customers.

Japan’s Tax Commission is planning a new system that would standardized the tax filing process and make it easier for taxpayers to calculate their profits on the sales of digital assets against both fiat currencies and other cryptocurrencies.

Rwanda has partnered with Circulor, the blockchain startup, to track the supply chain of tantalum, a metal used in consumer electronics, in a bid to address concerns over conflict minerals in global markets. The blockchain solution has already been implemented “by at least one exporter from Rwanda.”

U.S. Marshals have announced a plan to auction off nearly $4.3 million worth of bitcoin next month. The sealed bid auction, scheduled to start on Nov. 5, is for 660 bitcoin that were forfeited in federal criminal, civil and administrative cases.

Cryptocurrencies

Bitcoin $6,538.13 USD (0.05 percent) futures trading on CME Group has seen average daily volumes jumpsignificantly in Q3. Average daily volume hit 5,053 contracts, representing a 41 percent increase from 3,577 contracts in Q2. The figure also marks a 170 percent increase from Q1’s 1,854 contracts.

Bitcoin Cash $447.70 USD (-0.56 percent) software client Bitcoin SV, published by blockchain development firm nChain, is now live on GitHub. SV (short for “Satoshi Vision”) version 0.1.0 aims to help fulfil Satoshi Nakamoto’s vision for Bitcoin to become electronic cash. Upon activation of the BCH network’s Nov. 15 hard fork, SV will raise the default BCH blocksize limit to 128MB from 32MB, reintroduce four so-called “Satoshi opcodes” and more than double the maximum number of opcodes per script to 500 from 201. The standoff between SV and ABC is poised to result in a messy chain split.

Horizen $13.76 USD (-2.96 percent) have published a whitepaper – ‘Sidechains: Decoupled Consensus Between Chains’ – detailing the specifications of its sidechain architecture. They claim Horizen’s model to be “the first truly decentralized sidechain to hit market.”

NEM $0.095618 USD (0.48 percent) will be the blockchain partner of Kind Heaven, the immersive entertainment experience opening next year on the Las Vegas Strip.

PIVX $1.37 USD (10.06 percent) has been listed on Bithumb exchange today. PIVX has also been listed on upcoming new exchange Folex upon its launch.

Polymath $0.227653 USD (14.88 percent) recently partnered with Netcoins, where Netcoins will act as a crypto OTC provider to Polymath platform security token issuers. Netcoins enables crypto transactions via 21,000+ retail locations in Canada, Europe and Australia and an OTC trading desk accessible globally.

Qtum $3.96 USD (8.75 percent) have announced a partnership with Amazon Web Services’ (AWS) China division to develop blockchain-as-a-service (BaaS) solutions for enterprises and developers. The partnership will allow AWS users to develop and launch smart contracts “quickly, efficiently, and cost-effectively” using an Amazon Machine Image (AMI).

Ripple $0.465308 USD (-0.03 percent) is on a mega hiring spree with 42 open job listings, including a new country manager position in Brazil. Meanwhile, XRP-backed loans are now available on Nexo, in what the company calls the “first and only crypto lender” to use XRP as collateral. Omni, the sharing economy platform, has also launched support of XRP.

TRON $0.024910 USD (3.62 percent) Foundation has confirmed its partnership with China’s largest Internet search provider Baidu, where they will cooperate on cloud computing resources in a bid to make “blockchain solutions […] more accessible for users and small businesses alike”.

Verge $0.014407 USD (1.79 percent) have partnered with Netcents, the payment platform servicing over 120 million daily visitors, on a project dubbed Project Mass Adoption. NetCents will integrate XVG into its ecosystem which includes credit card, Instant Settlement programs, merchant gateway and user portal.

Zcash $121.26 USD (5.56 percent) announced their Sapling network upgrade is just 11 days away. The upgrade introduces significant efficiency improvements for shielded transactions that will pave the way for broad mobile, exchange and vendor adoption of Zcash shielded addresses.

WN.com, Jamie Saarloos



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