Cryptocurrency Daily News Bulletin: October 24, 2018

October 24, 2018 1:28 pm Published by

General News

Coinbase announced support for the Circle-issued stablecoin – USDC – the first stablecoin supported by Coinbase and only the second ERC-20 token after the recent addition of 0x. Meanwhile, the New York Department of Financial Services (NYDFS) have granted Coinbase’s application to create the Coinbase Custody Trust Company LLC, as well as approving the Coinbase Trust to offer custody services for BTC, BCH, ETH, ETC, LTC and XRP. Notably, XRP is included despite not being on any of Coinbase’s trading platforms.

China’s largest newspaper group, the People’s Daily, has signed an agreement with Xunlei Limited to build a blockchain laboratory to explore meaningful use cases for the technology.

Indian police in Bangalore have seized an ATM just weeks after it was set up by local cryptocurrency exchange Unocoin. Harish BV, co-founder and CTO of Unocoin, was arrested yesterday as police claim no trade license for the ATM was obtained.

Japan’s Financial Services Agency (FSA) has approved the Japan Virtual Currency Exchange Association (JVCEA), a body comprised of all 16 licensed domestic cryptocurrency exchanges, to become a ‘certified fund settlement business association.’

Taiwan’s Financial Supervisory Commission (FSC) chairman, Wellington Koo, announced that regulations for governing ICOs are currently being drafted with a view of simplifying the process for investors as well as making tokens just as liquid as stocks. The draft copy of the regulations will be ready by mid next year and will not apply to utility tokens.

Cryptocurrencies

Dash have partnered with Uphold. Users will no longer have to use a second app or crypto exchange to buy and sell Dash.

DigiByte: AntumID has announced the launch of Open AntumID SOAP. This will be an upgraded version of Digi-ID, making it easier for websites to integrate Digi-ID.

Ethereum’s blockchain is being used by Oxfam in Sri Lanka in conjunction with blockchain startup Etherisc to help bring affordable insurance to paddy rice farmers.

Ethereum Classic is being accepted by E-money transfer service Neteller after recently launching their new cryptocurrency service. BTC, BCH, ETH and LTC are the first cryptocurrencies to be supported.

NEO Name Service (NNS), launched by a China-based community of open-source developers called NewEconoLabs, has seen NEO users register over 10,000 .neo domains in its first month.

Ripple’s XRP is now available for purchase on crypto exchange Changelly through a new partnership with fintech company SimplexCC.

Stellar is gaining a new stablecoin on its blockchain designed to hold its value with the Australian dollar (AUD) and is being pitched for consumer and business uses. Novatti Group, an Australian online payments processor, will issue the Novatti AUD token on Nov. 19.

WN.com, Jamie Saarloos



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