Cryptocurrency Daily News Bulletin: November 8, 2018

November 8, 2018 1:43 pm Published by

General News

Bithumb has partnered with Asian e-commerce giant Qoo10, acquired by eBay this summer, to provide a cryptocurrency payment service; dubbed Bithumb Cache.

Gate.io, the crypto exchange, has removed popular web analytics tool StatCounter from their website following a security breach targeting Bitcoin exchanges that use the traffic analytic service; reported by cybersecurity firm ESET.

Group-IB, the cybersecurity firm, has graded the security of top crypto exchanges. They found the Kraken platform to be the safest crypto exchange. In contrast, OKEx, Huobi Pro and CoinCheck are found to be the riskiest crypto trading spots.

IBM and data storage firm Seagate have announced a joint initiative to fight counterfeit hard drives. The project will use IBM’s Blockchain Platform to help manufacturers, integrators, and business partners better authenticate the provenance of hard disk drives.

Perkins Coie LLP, the law firm, is expanding its blockchain arm with the hire of Kari Larsen, a former executive at LedgerX who previously served a stint as counsel for CFTC.

South Korea’s lawyers are lobbying the country’s government to step up its action and expedite a legal framework for cryptocurrencies, as the Korean Bar Association President Kim Hyun announced.

U.S. 2018 midterm elections saw crypto-friendly lawmakers secure governorships in three states, while maintaining two others; according to data from the Digital Asset Trade Association (DATA).

Cryptocurrencies

Bitcoin $6,480.84 USD (-0.78 percent): Bloomberg is seeing positive signs for a Santa Claus rally led by BTC.The MACD gauge for the Bloomberg Galaxy Crypto Index entered its first positive divergence in a month, corresponding with an upward trend in Bitcoin.

Bitcoin Cash $593.53 USD (-6.22 percent): Six of the top 10 crypto exchanges by BCH trading volume have announced plans to support their upcoming hard fork on Nov. 15. Poloniex is the first exchange to offer pre-fork trading for both bitcoin cash ABC (BCHABC) and bitcoin cash SV (BCHSV) tokens.

EOS $5.54 USD (-2.63 percent): A recent study revealed that the transactions per second (TPS) in EOS are close to the TPS handled by Ethereum, showing only 250 TPS if round trip time (RTT) increases – with latency found to have a huge impact on EOS TPS. The study is titled ‘EOS: An Architectural, Performance and Economic Analysis.”

Horizen $14.61 USD (-1.66 percent) trading has launched on Huobi Global Exchange.  

Ripple’s $0.510295 USD (-4.38 percent) long-time partner SEB, a Swedish financial group, says it is now moving billions of dollars using Ripple’s xCurrent payment platform. The firm’s head of transaction services Paula da Silva says: “Last year, there was only one customer on it then. Now we have all customers of SEB doing inter-company transfers between Sweden and the US on the Ripple platform. So, we have a couple billion going through that.”

Zcash $129.26 USD (0.08 percent) has seen strong momentum following its Sapling upgrade and has now continued its surge after the Zcash Foundation approving the grant for ProgPOW (ASIC resistant algo) to eliminate the advantage of specialized ASICs.

WN.com, Jamie Saarloos

 



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