Cryptocurrency Daily News Bulletin: November 13, 2018

November 13, 2018 12:47 pm Published by

General News

Australia’s Commonwealth Scientific and Industrial Research Organization’s (CSIRO) and the Commonwealth Bank of Australia (CommBank) announced their “programmable money” app successful trial in improving the management of insurance pay-outs and budgeting.

Marshall Islands President, Hilda Heine, has narrowly survived a no confidence vote that was partly prompted by her plans to introduce a national digital currency

Swiss commodities firms Transoil International and Solaris Commodities have conducted the first blockchain pilot transaction of Black Sea wheat. Meanwhile, Swiss startup SEBA Crypto AG claims that five “large asset managers” from Germany and abroad have shown interest in their cryptocurrency bank as they expect to receive a banking and securities dealer license from FINMA in the first half of 2019.

GMO Internet has published its Q3 report, claiming its crypto businesses, including mining equipment production and its crypto exchange, have gained $22.8 million in revenue over Q3 “in just a year since the launch.” GMO Coin has seen up to 208,000 users trading about $781 million in October. GMO also reports that profits are up 34.4 percent QoQ.

Vakt is a new blockchain-driven platform for energy commodity trading, with major oil companies BP, Shell, and Equinor along with large banks and trading houses including ABN Amro, ING, Societe Generale, Gunvor and Koch Supply & Trading, all supporting the platform due to launch at the end of this month.

The International Monetary Fund (IMF) said it plans to use its ongoing research and experimentation with blockchain as an “anchor” for its future policy on the technology

Cryptocurrencies

Bitcoin Cash $541.11 USD (3.58 percent) has its hard fork in two days and whilst data from Poloniex suggests trading preference is tilting toward Bitcoin ABC, most of the hash power currently on the network appears to be in favour for Craig Wright’s Bitcoin SV. Coin Dance estimates “at least 63 percent” of BCH miners are supporting SV, compared to “18 percent” for ABC. Asian investors have been buying BCH in anticipation of the hard fork leaving them owning two coins with a combined value greater than the current price. James Quinn, head of markets at Kenetic Capital, claims even institutions have gotten in on the act.

Cobinhood $0.025017 USD (10.96 percent) has gained over 14% despite the wider market downturn. The launch of their ‘testnet’ for the Cobinhood decentralized exchange, DEXON, may be a contributing factor.

Ethereum $208.89 USD (-1.15 percent) startup Fluidity has partnered with broker-dealer firm Propellr to tokenize a $36.5 million Manhattan real estate on the ETH network.

Etheera $0.012551 USD (11.33 percent) has soared within the top 100 marketcap position with a huge 82,960% growth in the past fourteen days. Etheera is an Ethereum-based token which launched in Q1 of 2018, aims to become a decentralized, global real-estate platform.

Litecoin $50.80 USD (-0.27 percent) Foundation has named CoinGate the official Litecoin payment processor.

Ripple $0.523682 USD (3.97 percent) released a new document showing that every financial institution client on RippleNet will have seamless access to xRapid.

WN.com, Jamie Saarloos



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