Cryptocurrency Daily News Bulletin: October 19, 2018

October 19, 2018 2:56 pm Published by

General News

Binance is actively looking to list more stablecoins in addition to the three it already supports, which include the recently beleaguered tether.

The Boring Company, set up by Elon Musk, is now accepting Bitcoin, Ethereum, Bitcoin Cash and Litecoin.

Genesis Capital have released a snapshot of their Q3 performance showing a ‘meaningful increase’ in institutional borrowing after launching the industry’s first institutional lending business in March. More than $550 million in loans have been distributed with $130 million currently outstanding. Notably, the assets that firms are borrowing shifted significantly during Q3. In July, a quarter of all loans were denominated in ETH, as many hedge fund clients were shorting ethereum. ETH only accounted for 3.7 percent of all loans in September, ranking it behind BTC, XRP (17.8 percent), ETC (4.2 percent) and LTC (3.9 percent).

Goldman Sachs expands its ground within the cryptocurrency industry, headlining a $58.5 million Series B funding round in digital asset custodian BitGo.

G4S, the U.K.-based security services company, now offers a crypto custody service aimed to protect investors’ holdings of digital assets.

Natwest will integrate a new blockchain platform based on R3 Corda technology for use in the syndicated loans market in November. The new platform, dubbed “Fusion LenderComm” has already onboarded banks covering “approximately 10% of the global syndicated lending market.”

U.S. SEC is launching a new division with the goal of making it simpler for fintech startups – including those launching ICOs – to navigate the legal implications of their products, dubbed the Strategic Hub for Innovation and Financial Technology.

Cryptocurrencies

Ethereum $203.67 USD (-1.48 percent) is the one of the fastest growing open source projects on the planet according to GitHub, placing the project in 5th position.

Litecoin $52.94 USD (-0.52 percent) & GUSD $1.01 USD (-0.10 percent) are now being supported by BlockFi for crypto-backed loans.

Monero $104.14 USD (-1.83 percent) forked successfully yesterday. The release, called “Monero 0.13.0 “Beryllium Bullet,” includes a significant overhaul of the network’s protocol through the introduction of bulletproofs. Bulletproofs allow for stronger privacy, cheaper and faster transactions, and greater ASIC miner resistance by hiding the number of coins that they send in transactions.

NEO $16.41 USD (-5.24 percent) Global Development (NGD) will be partnering with Arqit on quantum resistance research with a shared vision of facilitating blockchain industry development. 

OmiseGO $3.22 USD (-2.34 percent) has secured an undisclosed amount in funding, led by Japanese VC firm Global Brain.

Ripple’s $0.455092 USD (-2.27 percent) head of information security, Sujay Jaladi, is leaving the firm and joining Harbor, a startup that provides a compliance platform for issuers of private securities housed as tokens on the blockchain.

Rivetz $0.084845 USD (-6.68 percent) have partnered with XYO Network to integrate Rivetz’s hardware-level security protections into XYO location services.

Tether $0.981316 USD (0.88 percent) Limited has yanked nearly a quarter of the controversial stablecoin’s market cap out of circulation since the beginning of October.

WN.com, Jamie Saarloos



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