Cryptocurrency Daily News Bulletin: November 6, 2018November 6, 2018 2:30 pm
Bitstamp is getting a new matching engine developed by Cinnober, a global provider of exchange and clearing technology whose clients are mostly traditional stock and commodity markets. The new system will drastically increase the exchange’s capacity to match orders, citing a 1250x increase in trading speed.
PwC Hong Kong’s Asia-focused study on stablecoins follows a PwC partnership in the U.S. to advise decentralized lending platform Cred, which is working on a U.S. dollar-tied coin. The study is part of an initiative with non-profit Loopring Foundation.
Hong Kong cryptocurrency exchange BTCC is shutting down its mining pool business, BTCC Pool Limited, after four years of operation. Citing the reason for the closure as “business adjustments,” BTCC Pool will shut down all mining servers on Nov. 15.
Japan Digital Design Co. (JDD) — a subsidiary of banking giant MUFG — partnered with local cybersecurity researchers to monitor the stolen funds of Zaif exchange earlier this year, and they believe that they have found the ‘source’ of the $60million hack.
Switzerland’s Financial Market Supervisory Authority (FINMA) is giving tough guidance to banks wanting to trade in crypto assets. FINMA said it advises banks and securities dealers to assign a “flat risk weight of 800% to cover market and credit risks” against crypto assets. FINMA has also set a crypto-trading cap at 4 percent of a bank’s total capital.
U.S. SEC plans to clarify when and how cryptocurrencies may be classified as securities. The Director of Corporation Finance William Hinman said the regulatory agency intends to release “plain English” guidance for developers to refer to when planning token offerings.
Bitcoin $6,422.67 USD (-0.17 percent) futures saw record low volatility during the month of October on the CBOE Global Markets.
Bitcoin Cash $565.58 USD (0.39 percent): BitMEX have announced the launch of a network monitoring tool for BTC and BCH. BitMEX claims the new software, ForkMonitor.info, is “useful for monitoring the situation during network upgrades (softforks or hardforks), as well as being potentially useful in helping to detect unintentional consensus bugs.” ForkMonitor is connected to “several” nodes on the BTC and BCH networks and will prioritise monitoring BCH during its upcoming fork on Nov 15.
Bancor $1.38 USD (2.05 percent) has announced it has completed its partnership with EOS to provide cross-blockchain token swaps, which is now live. Bancor has now expanded to the EOS blockchain, using its DApp BancorX to allow users to convert between Ethereum and EOS-based tokens, without exchanges.
Ripple’s $0.539057 USD (16.30 percent) XRP is the largest gainer in the top 100 coins today, rising over 16%. A new report from the independent crypto research group Picolo claims XRP is significantly undervalued, citingRipple’s strong recent Q3 XRP Markets Report, surges in institutional investor onboarding and demand for XRP-based xRapid.
Tether $0.990379 USD (-0.53 percent): The chairman of Deltec Bank & Trust says that the widely scrutinized letter about Tether’s account at the Bahamas-based institution is “authentic.”
– WN.com, Jamie Saarloos