Cryptocurrency Daily News Bulletin: November 1, 2018November 1, 2018 2:15 pm
Bithumb has reportedly signed a deal with an American crowdfunding platform, SeriesOne, to open a securities token exchange in the U.S.
Coinbase’s head of trading, Hunter Merghart, has resigned after just six months on the job. Coindesk sites a lack of resources and clarity on the roadmap to building an institutional business as Merghart’s reasoning for leaving.
Morgan Stanley’s latest report claims institutional investors are increasingly getting involved in bitcoin and other cryptocurrencies – while the number of retail investors in the space is staying stagnant. Notably, the group’s current thesis is that bitcoin is a “new institutional investment class,” and has been for almost a year.
Caribbean Examinations Council (CXC) revealed it will issue blockchain-based academic certificates starting Oct. 31 to 24,000 candidates.
Hong Kong’s Securities and Futures Commission (SFC) says crypto funds will be under its securities regulations to improve investor protection. Investment funds intending to invest more than 10 percent of their portfolios into “virtual assets”, will have to be licensed with the agency. This comes as the Hong Kong Stock Exchange (HKEX) has teamed up with startup Digital Asset to develop a blockchain platform for post-trade processing.
India’s government is considering imposing a ban on “private cryptocurrencies.”
New Zealand’s government has awarded cryptocurrency savings and trading platform Vimba with a $330,000 grant.
Bitcoin Cash $423.86 USD (1.62 percent), Litecoin $49.78 USD (1.45 percent) and Ripple are now supported on CMC Markets, UK’s leading global provider of online trading, with spread betting and CFDs available for the three altcoins paired against the US dollar.
Ethereum’s $199.42 USD (0.99 percent) most popular wallet MetaMask has finally released its mobile client during DevCon. Also, Ethereum co-founder Vitalik Buterin says the latest upgrade, Serenity, is nearly ready and will increase scalability by “1000x.” Meanwhile, Ernst & Young (EY) has unveiled a Public Edition (PE) prototype of its EY Ops Chain, using the public Ethereum blockchain to deliver the “world’s first implementation of zero-knowledge proof (ZKP) technology.” The technology gives businesses the opportunity to securely issue and sell ICO-like tokens tied to payments or products on the public blockchain while keeping transactions private.
IOTA $0.468774 USD (3.84 percent) is collaborating with the car API development company High Mobility. The company creates software tools that connect cars to the outside world and will explore ways it can integrate IOTA’s distributed ledger technology into its platform.
Ripple’s $0.450745 USD (2.09 percent) claims nearly 200 banks and financial institutions are now on RIppleNet, with strong expansion coming from the Middle East.
Tron $0.022493 USD (2.33 percent) is partnering with JOYSO to create a decentralized exchange on the Tron network with off-chain matching, on-chain settlement where users can trade any token directly via their digital wallets.
– WN.com, Jamie Saarloos