Cryptocurrency Daily News Bulletin: November 15, 2018

November 15, 2018 1:23 pm Published by

General News

Bitmain has denied widely circulated reports that its co-CEO, Jihan Wu, has been ousted from the board of BitMain Technologies Holding Company, the entity currently seeking to go public on the Hong Kong Stock Exchange (HKEX). This comes as rival bitcoin miner Canaan Creative’s application for their IPO may be in doubtas the Chinese bitcoin mining maker’s filing with the HKEX has now lapsed.

CLS, the FX settlement giant, will launch its IBM blockchain-powered netting service within “a matter of days,” according to CSO Alan Manquard.

Coindesk have just launched a new tool dubbed the CoinDesk Crypto-Economics Explorer, designed to offer a more complete picture of the economic activity for crypto assets. It consists of 28 factors related to price, exchange, network effect, developer base and social data that allows you to measure crypto assets against each other and against bitcoin.

IBM and major Spanish telecommunications firm Telefónica have partnered to apply blockchain technology to managing international mobile phone call traffic.

KuCoin exchange has closed a Series A funding round worth $20 million.

Kakao Corp, a major Internet conglomerate and service provider for popular South Korean messaging app KakaoTalk, and a new stablecoin project, dubbed Terra, have signed a partnership agreement to develop the latter’s blockchain-based payment system

New York Digital Investment Group (NYDIG) is the latest firm to receive a BitLicense from the New York State Department of Financial Services (DFS), allowing NYDIG to offer liquidity and asset management services to New York residents.

Cryptocurrencies

Bitcoin $5,515.14 USD (-12.24 percent) fuelled a market-wide crash yesterday, as BTC fell to new 2018 lows. This follows months of low volatility and volume. CBOE futures expired yesterday, so the move seems to coincide with institutions deleveraging and pushing prices down to execute their shorts before expiry.

Bitcoin Cash $435.83 USD (-9.51 percent): Early trading indicates crypto investors may no longer believe Bitcoin ABC will hold on to its leading position after today’s expected fork at 16:40 UTC. After trading for more than $300 above the price of Bitcoin SV, Bitcoin ABC is now nearly trading at parity.

Ethereum $175.20 USD (-12.98 percent): According to the Ethereum blockchain, about 1 million ether – or almost 1 percent of the total Ethereum supply – is presently locked in MakerDAO smart contracts; the project behind Dai, a second-generation stablecoin.

Ripple’s $0.452954 USD (-9.15 percent) XRP has become the second-largest market capitalization for cryptocurrencies, surpassing ETH following yesterday’s market-wide selloff. Meanwhile, CIMB Group, the fifth largest bank in the ASEAN association, will join RippleNet.

Stellar $0.226863 USD (-9.17 percent): Messenger app maker Kik is quitting Ethereum for good. After launching on Ethereum, Kik has now announced that it will close kin’s atomic swap with Ethereum and has selected Stellar’s blockchain for its token launch.

USD Coin $1.02 USD (0.35 percent), Circle’s USD-pegged stablecoin, has been listed on Binance with deposits opening immediately.

WN.com, Jamie Saarloos

 



Have your say:

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

*