Cryptocurrency Daily News Bulletin: October 29, 2018

October 29, 2018 12:31 pm Published by

General News

Binance is initiating a major effort to roll out crypto transactions around the world at airports. Through its $2.5 million investment in TravelbyBit, Binance plans to leverage their 10 million user base and help TravelbyBit expand across the globe within the next 12 months.

Bitstamp has been acquired by NXMH, an investment firm based in Belgium and owned by South Korean conglomerate NXC.

Coincheck, the Japanese cryptocurrency exchange that suffered a $520 million hack in January, has reported a 66 percent increase in losses for the third quarter of 2018.

OKEx will delist more than 50 trading pairs with weak performance in the coming weeks.

Australia’s national post office is offering a new digital identity service called Digital iD that can legally be used to sign up to local crypto exchanges within minutes.

Israeli Blockchain Association has released its third Israeli Blockchain Startup Map showing that there are now more than 200 blockchain-based businesses in Israel.

Singaporean major electricity and gas provider, SP Group, has launched a blockchain-powered renewable energy certificate (REC) marketplace.

Thailand’s SEC has issued an investment warning against nine unregistered entities offering unrecognised cryptocurrency sales in its jurisdiction.

U.S. manufacturer of household cleaning supplies SC Johnson and environmental organization Plastic Bank will open several plastic recycling centers in Indonesia, offering locals tokens for plastic waste collection, which can then be used to purchase goods and services via a decentralized system.

Cryptocurrencies

EOS $5.36 USD (-0.62 percent): shEOS, a platform that helps companies create EOS tokens, says it has built a new protocol that allows developers to seamlessly transition Ethereum-based tokens onto the EOS network. To teleport a token from one chain to another, it will exist on the destination chain but not on the source chain.

IOTA $0.465992 USD (-2.20 percent) has added another firm to the list of companies integrating their tangle technology. TWO IoT, a waste management startup, says it has successfully integrated IOTA’s tangle technology. The company aims to leverage IOTA’s distributed ledger to lower the cost and improve the efficiency of waste collection.

Ripple $0.452625 USD (-0.84 percent) will soon be available on eToro’s crypto wallet that was just released in Switzerland, the Netherlands and Austria. Right now, Bitcoin, Ethereum, Litecoin and Bitcoin Cash are supported. Meanwhile, Ripple also convinced a lead product manager at Google, Amir Sarhangi – who was responsible for the launch of Google’s wireless messaging system called RCS – to leave and join as Ripple’s new VP of products.

VeChain $0.010832 USD (-0.74 percent) is collaborating with the national investment partner of the Republic of Cyprus. The two “will establish a joint entity in Cyprus assisting in the development and implementation of blockchain solutions. To facilitate a new digital age through blockchain technology the two parties will make suggestions to Invest Cyprus including policy reform that enables blockchain as an underlying infrastructure for operations and financial services.” 

WN.com, Jamie Saarloos



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