Cryptocurrency Daily News Bulletin: November 19, 2018

November 19, 2018 9:59 pm Published by

General News

Deloitte’s leader of Deloitte Consulting’s financial services industry blockchain group, Linda Pawczuk, claimsbad crypto headlines are making clients nervous and hampering progress.  

Huobi is expanding its services within Russia’s cryptocurrency community. They are now looking into lending and renting space for Russian miners, shaping the country’s regulations and training local blockchain talent.

Israel’s first dedicated crypto investment firm for institutional investors, Silver Castle Ltd., has launched two new crypto funds this month. The first fund is based on an algorithmic trading system that combines both long and short-momentum strategies. The second fund is fully invested and automated. Despite the year’s protracted crypto bear market, CEO Mizroch claims that in-house use of the fund achieved “high double-digit” returns in USD.

South Korea’s Zeniex Exchange is closing shop barely five months after launching, blaming the development on the problems facing its ZXG token.

Switzerland’s SIX Swiss Exchange has given the go-ahead to the world’s first ETP tracking multiple cryptocurrencies. The Amun Crypto ETP will have half of its assets invested in BTC, while the other half will be shared between XRP, ETH, BCH and LTC.

Cryptocurrencies

Bitcoin’s $5,345.18 USD (-4.41 percent) smart contract protocol Rootstock (RSK) is integrating with spin-off project RIF OS to expand its scope of operations.

Bitcoin Cash $361.04 USD (-5.47 percent): Kraken has warned users against the perceived risks of trading the new bitcoin cash token. Bitcoin SV “does not meet Kraken’s usual listing requirements” and “should be an extremely high-risk investment.” It said, supply is “temporarily constrained” due to limited wallet support, while miners appear to be operating at a loss. Further, BCH SV’s future existence may be “mutually exclusive” with other blockchains as its representatives are “threatening” toward other blockchains.

NEM $0.087622 USD (-5.64 percent): The Malaysian Ministry of Education has turned to blockchain technology to combat degree fraud. The ministry has unveiled an issuance and verification system for university degrees based on the NEM blockchain.

Paragon Coin $0.067447 USD (15.43 percent) and Airfox have settled charges with the SEC, wherein both startups would register their tokens as securities, refund investors, pay penalties of $250,000 and file periodic statements with the regulator for at least the next year. SEC’s Carter noted: “I guess it’s going to take the market a while to realize the party is over, but the party is truly over,” as the SEC begins to push their crackdown on ICO’s.

Ripple $0.486721 USD (-4.63 percent): Binance CEO noted the strength of the XRP community and have asked them for their best pitches for why he should pair every coin on the exchange with XRP. XRP has been the strongest performing large-cap coin during this bear market with now over a $3billion lead in value ahead of Ethereum.

Stellar’s $0.233680 USD (-6.97 percent) new stablecoin called Novatti is scheduled to launch today, pegged 1:1 to the Australian dollar.

TRON $0.017001 USD (-9.53 percent) is launching a $1 million accelerator program to support developers building DApps and products on the TRON protocol.

WN.com, Jamie Saarloos

 



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