Cryptocurrency Daily News Bulletin: November 2, 2018

General News

Binance Uganda signed up 40,000 users in its first week since launch, showing a strong demand from unbanked Ugandans.

Coinsource, the bitcoin teller machine (BTM) operator, has just become the 12th crypto company to receive a license from the New York State Department of Financial Services (NYDFS) and the first bitcoin ATM company to do so.

Dapper Labs, the startup that spun out of parent firm Axiom Zen to continue working on CryptoKitties, has secured $15 million in funding from some noticeable companies including Venrock, Google Ventures, SamsungNEXT and Andreessen Horowitz.

Grayscale have released its Q3 Digital Asset Investment Report showing $81.1 million of inflows during the previous quarter, up 33 percent from Q2. Grayscale has raised $330 million in 2018, up 1,200 percent from the $25.4 million raised last year through September.

Ledger has announced its expansion into Asia with the establishment of a Hong Kong office and the appointment of Benjamin Soong as Head of Asia Pacific (APAC).

Stably have announced its StableUSD (USDS) is now available for purchase and redemption. The token is backed by U.S. dollars held in escrow by Prime Trust, a regulated trust company in Nevada. Notably, users of Stably’s future platform will be able to view their fiat reserve’s balance in real-time via a live feed from Prime Trust’s API.

Cryptocurrencies

Bitcoin $6,361.15 USD (-0.44 percent): VanEck’s digital asset strategies director Gabor Gurbacs says the firm’s Bitcoin ETF proposal meets every requirement the SEC needs for approval.

Ethereum $198.92 USD (-0.28 percent) Foundation has recently announced it would donate 15,000 ETC (around $135,000 USD) to the Ethereum Classic Cooperative.

Ripple $0.457554 USD (1.43 percent): SBI Group CEO Yoshitaka Kitao announced the firm has already begun the discussions to create a project for R3 that uses XRP more extensively. “We have already begun discussions to create a project to use XRP for R3. By using R3, XRP is used more extensively,” Kitao said.

Sia $0.006502 USD (0.24 percent) has successfully completed a planned hard fork, changing its consensus rules in a way that prevents some specialized hardware, ASICs, from mining on the network. A small group of miners have formed Sia Classic, however, with very little community support.

Tether $0.989709 USD (-0.91 percent) Limited has confirmed it is banking with Bahamas-based Deltec Bank and Trust Limited and published a letter from the institution as evidence of its reserves. The letter appears to come from Deltec, confirming “the portfolio cash value of your account with our bank was US$1,831,322,828” as of October 31.

VeChain $0.010480 USD (2.36 percent) is partnering with two of China’s leading energy and gas companies to create a blockchain-based liquid natural gas management solution. The companies will design a test pilot that “handles the quality assurance process including classification standards, weighing practices, and transportation process for the different types of natural gas.

– WN.com, Jamie Saarloos