Cryptocurrency Daily News Bulletin: October 31, 2018

October 31, 2018 1:04 pm Published by

General News

Binance has frozen accounts that received more than 93,000 ether from two wallets indirectly linked to the troubled Russian exchange WEX.

Coinbase has just announced $300 million in new funding. The Series E equity round was led by Tiger Global Management, with Y Combinator Continuity, Wellington Management, Andreessen Horowitz, Polychain and more participating. Coinbase now has a “post-money valuation of over $8 billion” and claim they seek to list “hundreds” of tokens in the future.

Coincheck, the victim of the largest theft in the crypto industry’s history, has reopened new user registrations and limited trading services 9 months after the hack.

Goldman Sachs has quietly begun signing up a limited number of customers for its yet-to-launch bitcoin trading product. The Block reports the bank has onboarded a “small number of clients” to actively trade the derivative, a non-deliverable forward, which does not trade on an exchange.

JP Morgan is preparing to deliver clients to Bakkt, according to Abacus Journal.

Iran’s Civil Defense Organization General Gholam Reza Jalali, spoke about the ‘great opportunities’ presented by cryptocurrencies in the latest indication Tehran is developing a state cryptocurrency to avoid US sanctions.

South Korea’s Financial Services Commission (FSC) has reaffirmed there exists no issues related to compliance and security in the process of banks providing virtual bank accounts to local cryptocurrency exchanges.

Venezuela’s much-publicised Petro is now available for sale and can be bought with bitcoin and litecoin.


Dentacoin $0.000273 USD (18.21 percent) has seen its value rise by 25 percent following the integration of Civic’s Connect app, who rolled out their own blockchain-based version of Google and Facebook login authentication. Users make a Civic ID upon initiation, which is then used to gain access various websites and applications. Civic has also announced a new partnership with Rivetz focussing on security and identity of mobile users.

Ripple’s $0.441730 USD (-0.63 percent) XRP has been listed on Swiss-based crypto exchange Lykke, paired with USD and Bitcoin. Meanwhile, Ripple’s global head of infrastructure innovation Dilip Rao says the Kuwait Finance House is reporting successful trials of Ripple’s payment solution software.

Stellar’s $0.220928 USD (-1.46 percent) blockchain development arm Interstellar just launched a demo of Starlight, a payment channel like the Lightning Network., designed to allow Stellar users to send instant, private, zero-fee transactions.

Zcash $114.18 USD (-1.16 percent) is prioritising further decentralization as ethereum-focused startup Parity Technologies is partnering with the non-profit Zcash Foundation to create the first Zcash node software that isn’t built/managed by the Zerocoin Electric Coin Company led by Zooko Wilcox. The foundation is looking to hire four engineers to manage development and upkeep for open-source projects., Jamie Saarloos

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