Cryptocurrency Daily News Bulletin: November 5, 2018

November 5, 2018 1:03 pm Published by

General News

The People’s Bank of China (PBoC) is looking to clamp down on airdrops. The PBoC said “disguised” ICOs including airdrops continue to grow in number, despite its efforts at cracking down on sales of tokens. These firms try to use speculation in the secondary market to jack up token prices.

Reliance Industries, the oil & gas conglomerate owned by India’s richest person – Mukesh Ambani – has usedblockchain to conduct its first trade finance transaction in collaboration with US-based global chemical distributor Tricon Energy.

Taiwan’s highest legislature has approved amendments to existing laws, enabling the country’s regulator to combat anonymous crypto transactions. Specifically, the regulator “now demands that operators of virtual currency platforms implement “real-name systems.”

Cryptocurrencies

Basic Attention Token is the latest coin to gain support from Coinbase’s professional trading platform, announced over the weekend.

Bitcoin has fallen from 13th place all the way down to 19th since the publication of the China’s official crypto rankings in May.

Bitcoin Cash continued surging over the weekend ahead of its hard fork on Nov. 15. Coinbase and Binance have announced support for the fork which may have contributed to its large gains. Nonetheless, it appears most investors are building up holdings in BCH as original holders will be provided with an equivalent amount of the newly created Bitcoin Cash chain led by Nchain and the controversial Craig Wright.

Dash has announced the launch of Dash Text, an SMS-based cryptocurrency transaction service for Venezuelan users, which eliminates the need for Venezuelan users to possess smartphones and internet access to carry out crypto transactions – historically a significant barrier to adoption in the country suffering from hyperinflation.

Ethereum start-up, Lition, a licensed energy supplier in Germany built on top of the ethereum blockchain, is now powering more than 700 households across Germany after launching earlier this year.

IOTA have announced compatibility with popular hardware wallet Ledger today.

Ripple is now being supported by consumer payments platform, SendFriend, backed by MIT Media Lab, Mastercard and Ripple. SendFriend is integrating Ripple’s XRP-powered xRapid, targeting the Philippines to give expatriates a cost-effective way to send money back home.

Tether once again divorced itself from the 1:1 US dollar ratio it promises investors over the weekend.

WN.com, Jamie Saarloos

 



Have your say:

Your email address will not be published. Required fields are marked *

*