Cryptocurrency Daily News Bulletin: November 21, 2018

November 21, 2018 2:04 pm Published by

General News

Binance Labs revealed that it had made a $3 million investment into Koi Trading, an OTC trading operation headquartered in San Francisco, CA.

Intercontinental Exchange’s bitcoin futures trading platform is delaying its formal launch. Bakkt’s first product, meant for launch on Dec. 12, has now been postponed to Jan. 24, 2019. The platform explained that “the new listing timeframe will provide additional time for customer and clearing member onboarding.” Notably, the statement still claims they are awaiting regulatory approval for the new date.

MV Index Solutions (MIVS), a subsidiary of VanEck, has launched a new bitcoin index. The MVIS Bitcoin US OTC Spot Index (MVBTCO) is said to be the first index that covers the performance of bitcoin on selected OTC platforms, including: Circle Trade, Cumberland and Genesis Trading.

Ping An Bank, a subsidiary of China’s Ping An Insurance Group, will launch a boutique bank using blockchain, cloud services, and the IoT. Last week, Ping An Insurance Group and the Sanya municipal government signed a strategic cooperation agreement for “Smart City” construction, based on “blockchain, […] biometrics, and other technologies.”

SWIFT India has partnered with fintech firm MonetaGo to pilot a DLT network designed to improve the efficiency and security of financial products, with numerous domestic banks joining the pilot.

North Korea has announced plans to hold a blockchain and cryptocurrency conference.

Singapore’s first court case involving BTC commenced today, with Quoine and major liquidity provider B2C2 the opposing parties in the case concerning an alleged reversal of crypto transactions in the spring of 2017.

U.K.’s FCA is considering a ban on some cryptocurrency-based derivatives, according to Christopher Woolard, executive board member and director of strategy at the FCA.

Cryptocurrencies

Bitcoin’s $4,592.07 USD (2.34 percent) price continues to slide despite the oversold conditions signalled on charts for the last six days. Notably, the 14 percent drop witnessed in the last 24 hours has pushed the 14-day RSI below 10.00, its lowest reading on record.

Bitcoin Cash $241.12 USD (6.80 percent): As a result of large transaction volume, the Bitcoin SV network temporarily suffered a mini-fork yesterday in which competing iterations of the blockchain caused computer servers supporting the network to fall out of sync with one another. To re-align Bitcoin Cash SV nodes, certain blocks were reorganized. It is assumed that this was most likely an accidental split rather than an attack.

Komodo $0.727750 USD (7.88 percent) has announced that its open-source crypto wallet Agama is now available on both Android and iOS mobile operating systems.

Paxos $1.01 USD (0.12 percent) is partnering with payments firm BitPay to allow the latter’s merchants to utilize the Paxos Standard stablecoin in settling transactions.

Tether $0.986801 USD (1.12 percent) is facing increased investigatory efforts from the U.S. Department of Justice (DOJ) into crypto market manipulation and whether crypto exchange Bitfinex and Tether Ltd. have pushed bitcoin’s price up using the stablecoin.

WN.com, Jamie Saarloos

 



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