Cryptocurrency Daily News Bulletin: December 5, 2018

December 5, 2018 1:11 pm Published by

General News

ErisX, a new crypto trading platform, has closed a Series B funding round that raised $27.5 million, attracting big names such as Fidelity Investments, Nasdaq Ventures, Bitmain and ConsenSys. Futures trading is expected to go live in the second half of 2019.

Poloniex has announced the opening of trading services for institutional clients, offering OTC through Circle Trade, services through Poloniex and trading pairs with the USDC stablecoin. They will also provide no-fee transactions for all BTC/USDC trades in December.

Signature Bank is launching a digital payments platform built on a blockchain architecture to streamline real-time payments. Signature has just received approval from the New York State Department of Financial Services (NYDFS) and the Federal Deposit Insurance Corporation (FDIC) to offer services and receive insurance within the state.

U.S. Department of the Treasury Under Secretary for Terrorism and Financial Intelligence official Sigal Mandelker has called on the crypto industry and the wide global financial sphere to follow the countries lead in preventing malicious actors from using the tech.

Cryptocurrencies

Binance Coin $6.25 USD (13.69 percent) is one of today’s biggest movers, gaining around 20%. The in-rush of new stablecoins and pairings may be a strong contributor along with Tripio, a blockchain-based hotel booking platform, announcing users are now able to book 450,000 hotels and residential accommodations using BNB.

Dash $81.78 USD (-5.38 percent) is implementing an upgrade to its existing InstantSend that will make all transactions instant, permanent, and secure. An estimated 90 percent of all Dash transactions will be InstantSend with the new upgrade, while the few “more complicated” ones can still use it manually and pay the extra fee.

Ethereum $108.01 USD (-3.24 percent): According to research from Diar, there are currently 500 actively-traded Ethereum addresses among the largest 1,000 addresses. These wallets have accumulated massive amounts of ether during 2018, growing their ETH holdings by 80 percent since January — more than any other period in Ethereum’s history.

Ethereum Classic $4.26 USD (-9.72 percent) development team (ETCDEV) is closing its doors after running out of funds. This follows Steem who has had to layoff 70% off staff due to current conditions.

Ripple $0.347928 USD (-2.26 percent) will see further liquidity as Vancouver-based crypto exchange CoinField is expanding its use of XRP as a base pair with several new pairings.

Vertcoin $0.300049 USD (-3.08 percent) is under a 51% attack. Cybercriminals rented a large amount of ASIC hash rate and got hold of more than 50% of the mining hash rate. “Vertcoin experienced 22 deep chain reorganizations, 15 of which included double spends of VTC. We estimate that these attacks could have resulted in a theft of over $100,000”, explained Mark Nesbitt, a Coinbase engineer.

Waves $2.01 USD (14.29 percent) has seen its base token rise nearly 50 percent over the last 24 hours amid a generally-stagnant crypto market. Analysts have attributed this to their updated mobile wallet, which now enables credit card purchase of Waves that can then be exchanged across the mobile exchange for BTC and other cryptos. The app currently has more than 100,000 installs in Google Play and hosts many more user-friendly features.

WN.com, Jamie Saarloos



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