Daily News Digest Featured News

Monday September 24 2018, Daily News Digest

cryptocurrencies
Source: Coin Idol

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News Summary

United States

HANDLING OF RECENT BITCOIN BUG RUFFLES FEATHERS (Bitcoinist), Rated: AAA

Bitcoin Core developers urged all nodes to implement a patch on Friday, September 21, in order to prevent the exploitation of a recently discovered bug in the Bitcoin protocol. The bug, called CVE-2018-17144, was originally reported to the Bitcoin Core team by Bitcoin Cash developer Awemany on September 17.

The discovery of the bug and the Core developers attempts to address it have caused ruffled feathers in the crypto community. Allegations of incompetence and bad-faith have been leveled by members of both the Bitcoin (BTC) $6595.38 -0.18% and Bitcoin Cash community as developers attempt to patch the bug.

Bitcoin ATM CEO: Cryptocurrency Needs Regulation to Survive (CCN), Rated: A

Sheffield Clark, whose company — Coinsource — recently installed 17 new Bitcoin ATMs in Florida, stated that cryptocurrency is not a viable or realistic payment solution at this time, citing it as a major obstacle to be overcome for all in the space.

More than a Ripple: What Pushed XRP up 100% in a Week (CCN), Rated: AAA

In a supernormal rally that almost lost ethereum its silver spot, ripple (XRP) gained about 100 percent in a week.

The maximum difference in XRP’s market cap between the week’s lowest and highest level turned out to be almost $19.8 billion. That’s nearly a 184 percent jump.

XRP Ripple
Source: CCN

Ripple Labs’ long-anticipated cryptocurrency service, dubbed xRapid, is heading for a commercial launch as soon as next month.

An announcement linking XRP with the web’s biggest names, including Wikipedia, Twitch, and YouTube, came on Sept.  20 from Coil.

When an asset keeps breaking its crucial resistance levels one after another, day traders mainly go long on their positions in “fear of missing out” on profits.

From Adoption to FOMO: Reasons Behind Ripple’s Leap (CoinTelegraph), Rated: A

Over the past week, altcoin Ripple’s (XRP) price has gone through the roof. It has seen an unprecedented 140 percent growth over the past seven days, up almost 63 percent in the past 24 hours alone, trading at around $0.61 at press time.

XRP has gone as far as to beat Ethereum (ETH) to be ranked number two by total market capitalization on CoinMarketCap (returned to the third spot by the press time). What could possibly drive the price so high? While there’s no definite answer to that question, here’s some background and theories.

Ripple rips above its 200 day MA for the first times since May (ForexLive), Rated: A

Adam pointed out the oversized gain in Ripple today. The digital offering rose some 77% from yesterday’s close at the high.  Just when you thought cannibas would overtake digital currencies, the market in digital heats up again. Is it for real?<

Ripple
Source: Forex Live

YouTube, Twitch, and Wikipedia content creator to accept Ripple’s XRP (BCFocus), Rated: A

Internet content creators can now accept XRP as payment from users directly. The whole tipping-for-content has become possible because of Coil – the idea of former Ripple Labs’ CTO Stefan Thomas.

The beta version of the browser extension app, called Coil, has been launched and now, users can tip content creators directly with Ripple’s XRP, CCN reported. “For decades, people have discussed the potential of micropayments to support content creators that would move us away from the broken ad-supported web,” Thomas said.

YOUR SMART TV MIGHT BE MINING MONERO BEHIND YOUR BACK (The Outline), Rated: AAA

If your computer and/or smart fridge has been running slow in the last few months, you might be in the cryptocurrency mining business and not even realize it. A new paper by the cybersecurity industry group Cyber Threat Alliance finds that rates of cryptojacking — the term for secretly installed malware stealing your computing power to mine cryptocurrency for someone else — have risen by 459 percent since 2017.

crypto mining malware
Source: Cyber Threat Alliance

Read the full report on illegal crypto mining here.

Former Huobi US Compliance Chief Talks NY Cryptocurrency Exchange Report (CCN), Rated: A

Harry Zhou, former general counsel and compliance officer for Huobi US, spoke with CCN about the latest report from New York’s attorney general on cryptocurrency exchanges.

Speaking with CCN, he discussed the overall impact the report could have on exchanges across the U.S., including efforts some exchanges are making to gain federal approval. Gaining federal approval for a banking charter would ease the cumbersome process of obtaining licenses as money transmitter businesses in each state.

Tron Network to come up with a decentralized exchange (BCFocus), Rated: A

Tron, a relatively young platform, aims to ‘decentralize the web’. So, it doesn’t come as a surprise that they want to create a decentralized exchange for TRX tokens. Tron launched their mainnet in June 2018 and just recently launched its fully functional Tron Virtual Machine.

HOUSTON ROCKETS INKS SPONSORSHIP DEAL WITH BITCOIN MINING POOL ‘ANTPOOL’ (Bitcoinist), Rated: A

Popular National Basketball Association (NBA) team, Houston Rockets, recently entered into a sponsorship agreement with AntPool, one of the largest Bitcoin mining pools. The deal sees the Bitmain-owned AntPool sponsoring the Rockets for the upcoming 2018/2019 NBA season.

Decred (DCR) added to Atomic wallet (Token Tops), Rated: A

Multi-cryptocurrency wallet Atomic has recently announced it has added Decred (DCR) to its more than 300 supported cryptocurrencies and ERC-20 Tokens. The announcement was made via Atomic’s official Twitter account.

Why Own a Crypto Wallet with Today’s Economy (Digital Journal), Rated: A

Cryptocurrencies have gone from being an obscure fad in the digital underground pre-2010 to full-blown acceptance in the mainstream by 2018, and every time you turn around there’s a news story or social media article about them. The industry supporting Crypto has become so vast that the University of Notre Dame actually has a leading course on Cryptology!

Crypto Wallet Provider Blockchain.com Alleges Blockchain.io Has Intentionally Created Brand Confusion (CryptoGlobe), Rated: A

Blockchain.com, a cryptocurrency wallet provider and popular block explorer, has alleged in a complaint filed in US federal court that a company called blockchain.io is “confusing consumers into thinking they are Blockchain.” In a detailed blog post published on September 20th, Blockchain.com has accused blockchain.io of intentionally using a “similar domain name”, “similar logo” and “similar colors.”

Crypto-Advocacy Comes Of Age As Trade Groups And Think Tanks Move On Washington (Forbes), Rated: A

Meanwhile, political and regulatory pressure in the U.S. continues to mount as Congress and executive branch agencies further probe these new technologies and incumbents posture themselves to protect their turf.

Put it all together, and it’s not a stretch to say that the future of the nascent ‘crypto industry’ in the U.S. may be defined by what happens in Washington over the next one to two years.

Blockchain Tech to Power Death Notice Service (ThinkAdvisor), Rated: A

LIMRA is teaming up with RiskBlock Alliance to develop blockchain-technology-based services for life insurance and annuity issuers.

Beauty And The Blockchain: Perfect365 Is Taking Cryptos To The Beauty Market (Ethereum World News), Rated: A

The new exciting venture features Perfect365’s partnership with Kin. Kin is a cryptocurrency created by Kik. This new move is aimed at attracting more females to the crypto space. According to a survey carried out by Forbes, only about 5% of the female population actually wants anything to do with cryptocurrencies. In fact, another survey conducted by Perfect365 indicates that only 12% of them own cryptos.

Bitcoin Cash Fans Launch Bitcoincashtalk As An Alternative To Bitcointalk (Ethereum World News), Rated: B

Bitcoincashtalk was born as a new forum to promote the interaction among Bitcoin Cash fans; however its description is already a little controversial, as are many of the actions taken by the advocates of this popular altcoin:

“Bitcoin Cash Talk is a community forum for all discussion related to Bitcoin as a peer-to-peer electronic cash system for the world.”

Crypto investment platform CoinBundle appoints Senior Advisor (Institutional Asset Manager), Rated: B

Crypto investment platform CoinBundle has added Katherine Hensel, as a special adviser on the company’s advisory board.

International

Coinbase, EOS, and Stellar Pay Out $ 60k in Bug Bounties to White Hat Hackers This Week Alone (Live Bitcoin News), Rated: AAA

Coinbase, EOS, and Stellar recently rewarded the white hat hackers who were able to discover security flaws in their crypto platforms. EOS, in particular, has paid more than $500,000 of bounties for finding bugs in its platform.

According to reports, Block.one has paid bounties totaling more than $60,000 over the past week. The company announced a reward of $10,000 for each of the bounties, of which six were marked as ‘critical threats’.

Even Coinbase paid out six such bounties, each one worth $4200. In addition, Augur, a decentralized betting platform running on the Ethereum blockchain, also followed the same trend, paying $500 per bounty.

Siacoin Leading Monday Momentum (NewsBTC), Rated: AAA

Cryptocurrencies are green this Monday morning on the Asian markets. The weekend recovery has held firm and the majority of cryptos are still rising. Market capitalization has remained above $225 billion and is still heading upwards at the time of writing.

Altcoins are recovering well, largely at the expense of Bitcoin for a change. According to Coinmarketcap the top ten is all in the green aside from XRP which has pulled back a little from its huge pump over the past few days. The top performer in this section at the moment is Stellar which has made 8% on the day to $0.279. Cardano has also made a little back with 5.5% on the day but ADA is still very low.

siacoin
Source: NewsBTC

Today’s top performer in the top one hundred is Siacoin jumping 21% in 24 hours. Over the past month SC has made a solid 30%. Other altcoins performing well at the moment include ReddCoin, 0x and Bytecoin all trading over 8% higher right now along with Stellar.

A Snapshot of Cryptocurrency Forks Shows the Biggest Winners and Losers (Bitcoin.com), Rated: AAA

Who can forget Zclassic, this year’s worst performing altcoin, which would now require a 70x for ATH buyers to break even? That wouldn’t be a problem if the forked coin ZCL holders were receiving had performed relatively well, but Bitcoin Private has also proven disastrous. It’s currently trading shy of $3, from a peak of $77, making it 2018’s second worst performing coin.

Bitcoin Private
Source: Bitcoin.com

It is no coincidence that three of the 10 worst performing coins this year are all Bitcoin forks: Bitcoin Gold, Bitcoin Diamond, and Bitcoin Private are all down by over 90%.

worst performing coins
Source: Bitccoin.com

“There are 96 Bitcoin fork projects in total. Of those, 69 are considered active projects relevant to holders of Bitcoin (BTC). The remaining 27 are considered historic and are no longer relevant. Additionally, there are 21 altcoin fork projects which have some similarity to Bitcoin fork projects, but have their heritage from a major altcoin.”

The Place of Cryptocurrencies in the System of the Entire World’s Wealth (Coin Idol), Rated: AAA

Apple, is worth $888B more than bitcoin ($1T vs. $112B). Cryptocurrencies are even tinier compared to the world’s stock markets at just 0.30% ($67.5T vs. $202B). Cryptocurrencies are the equivalent of only 0.23% of all the money in the world, broadly defined ($86.5T vs. $202B). Given all these comparisons, it is clear that cryptos are only at the beginning of its route and there is a lot of unpredictable twists ahead.

cryptocurrencies
Source: Coin Idol

The overall market cap of Bitcoin has more than doubled from $41B to $112B over the past year.

Momentum Is Building to Block Big Miners from Ethereum’s Blockchain (CoinDesk), Rated: A

Underway since April, the controversy surrounding application-specific integrated circuits (or ASICs) on ethereum rose after news broke last Thursday of a new line of specialized mining hardware that claims to generate more than six times as much profit as that of the product of its main competitor, mining giant Bitmain.

Following the news – and citing concerns regarding the lack of action taken by developers to stop the growing use of ASICs on the network, which many believe would effectively price out smaller miners – some proponents called for an all-out “strike” by GPU miners.

First Smart Contract on IOTA Goes Live (Token Tops), Rated: A

A smart contract on IOTA’s core protocol has finally been launched, thanks to a clever idea that uses special system of four layers to overcome IOTA’s native incompatibility with enforced decentralized digital contracts. The smart contract is called Microhash, and it was structured in a way that uses quorum consensus framework Qubic Lite and a qApp build on said framework named TOQEN.

Blockhain Technology Already Disrupting the $ 100 Trillion Global Payments Industry (CryptoGlobe), Rated: A

According to Kulkarni’s research, $140 billion has been invested in developing more advance mobile networks and improving distributed ledger technology (DLT). He predicts:

fears about customer data and privacy and regulatory changes may impact the industry in unprecedented ways.

SharesPost Research

Cryptocurrencies With Fastest Transaction Time (Coin Newspress), Rated: A

Nano, previously known as Raiblocks was launched in 2017 and it is one of the fastest trading cryptocurrencies and it also scales to a very high degree. Nano cryptocurrency takes between 5-10 seconds to complete a transaction.

NEO cryptocurrency is another quick and high speed transaction platform. NEO crypto can process up to a speed of 1000tx/sec and it only takes 15 seconds to complete a transaction between traders.

BitPesa, SBI Remit Partner for Blockchain Payments Between Japan And Africa (CCN), Rated: A

BitPesa, a digital treasury management solution that leverages blockchain settlement to lower the cost and improve the speed of payments to and from frontier markets, has teamed with SBI Remit, Japan’s largest remittance service provider, to make it easier for Africans to buy Japanese products.

CHINA, RUSSIA, USA IN RACE TO USE BLOCKCHAIN FOR MILITARY OPERATIONS (Bitcoinist), Rated: A

NATO has been looking into blockchain’s use cases in regards to military logistics and procurement, and are also studying how it could mesh together with other cutting-edge concepts like the IoT.

Recently, the U.S. Naval Air Systems Command said they were looking into blockchain to help keep tabs on aviation parts, which could help lower the costs of operating and maintaining military aircraft.

Russian news sources in June wrote about the creation of a military research lab inside of the country dedicated to studying how blockchain can be used to detect and possibly counter cyber attacks.

One, published in 2016, advocated for blockchain to be used by Chinese defense and security officials for a variety of tasks, including for the storage of weapons lifecycle information and for general logistical improvements.

Zeex Expands Through Multiple New Partnerships (Global Coin Report), Rated: B

Zeex has inked a series of new deals with crypto wallet providers as a central element in the company’s move to revolutionize the wallet marketplace with its new proprietary gift card liquidity mechanism. Zeex has now signed deals with Bancor, Hooxi, Coinwall, Ginco, Sirin, and BreadWallet (BRD). 

European Union

Ethereum (ETH) Reclaims The Number 2 Spot After XRP’s Recent Surge In The Markets (Ethereum World News), Rated: AAA

What then followed is that XRP surged from levels of around $0.27 on the 18th of September, to its most recent peak of $0.80 on the 21st of September. This was a 196% increment in three days and only considering the new peak value. In the process, XRP managedto edge out Ethereum (ETH) from the number 2 spot as reported on coinmarketcap.com.

XRP Ethereum
Source: Ethereum World News

Soon after XRP peaked at $0.80, the digital asset went through a correction that has the digital asset currently valued at $0.583. Ethereum on the other hand, is now valued at $245 and up $17 since XRP’s surge in the markets. This has allowed ETH to reclaim the number 2 spot with a $1.224 Billion lead over XRP in terms of market capitalization.

Ethereum Classic (ETC) Gaining Ground with Good News as Ethereum (ETH) Falters (Crypto Globalist), Rated: A

Now that Ethereum is about to fully implement proof of stake, miners are headed to Ethereum Classic. This will increase its adoption with a system that is now compatible with many IoT systems. The defining of the coins products is a sure fire that will act as its catalysts to its growth. As a daily day to day utility coin, Ethereum is set to change many businesses and lives toward the 4th industrial revolution via the new technology.

Binance Moves To Fix BNB Circulating Supply Discrepancies Reported On CMC (XBT Network), Rated: AAA

Cryptocurrency monitor CoinMarketCap reports that Binance Coin (BNB) currently has a circulating supply of $112.4 million while the official Binance website displays a circulating supply of 144.44 million.

Notified of the difference of about $32 million, Zhao announced that Binance Coin would be unlocked from the addresses of creators in order to balance out the values displayed by CoinMarketCap.

Switzerland Eases Crypto Regulations to Prevent Market Withdrawal (Unhashed), Rated: A

Switzerland has long been interested in the cryptocurrency market. However, despite regulators’ efforts, banks have been resistant in working with crypto-based projects. Because of this strict stance, crypto startups stemming from Switzerland are threatening to move to more friendly locations. This migration could prove fatal for the Swiss-crypto market, as the country is home to over 500 blockchain startups residing in its “Crypto Valley.”

Opera Launches Special ‘Labs’ Version of Built-In Crypto Wallet for Desktop Browser (CoinTelegraph), Rated: A

Opera is launching today a “Labs” special edition of its desktop web browser with built-in crypto wallet functionality, according to an exclusive blog post shared with Cointelegraph Monday, September 24.

According to the blog post, the new edition will enable users to authenticate Web 3.0 and decentralized application (DApp) transactions made on their computer using their Android phone. “Labs” is therefore fully interoperable with the mobile crypto wallet that Opera first launched as part of its beta Opera for Android in July earlier this year.

UNICEF now accepting donations in cryptocurrencies (Coin Newspress), Rated: A

UNICEF France will now accept cryptocurrency from donors across the globe.

According to the statement released by French Media, the NGO said the donations will be in 9 cryptocurrencies, namely, bitcoin cash (BCH), bitcoin core (BTC), ethereum (ETH), litecoin (LTC), ripple (XRP), eos (EOS), monero (XMR), dash (DASH), and stellar (XLM).

Trezor Could Be Adding Tezos (XTZ) Support Soon! (Token Tops), Rated: A

Apparently, Trezor has been “baking” some exciting news for the Tezos community, as it has been noted by a Reddit user that the XTZ has been added into the master branch of Trezor’s core. “So I noticed that Tezos support has been merged into the master branch of trezor-core. Does this mean that Tezos support will launch soon? I’ve been holding off on baking until there is hardware wallet support. I’m excited!”

Dogecoin (DOGE) Defies Red Market, Posts Slight Gain (Ethereum World News), Rated: A

After a staggering rebound on Friday, the cryptocurrency market cooled heading into Saturday, as prices plateaued and saw a slight pullback from their weekly highs. Bitcoin, for one, moved back down to $6,680 from $6,780, while altcoins like Stellar Lumens, Cardano, Tron, and Neo saw 4% declines.

Dogecoin has had a stellar month, rising by over 130% in fiat value ($0.0025 to ~$0.006) over the past three weeks, as covered by Ethereum World News on multiple occasions.

dogecoin
Source: Ethereum World News

Vranova and Zucco Announce Creation of Bitcoin “B Foundation” (Crowdfund Insider), Rated: A

Bitcoin entrepreneurs Alena Vranova and Giacomo Zucco announced today that they are creating a foundation to help Bitcoin, an automated, autonomous payment network invented in 2009, compete with centralized cryptocurrency ventures.

China

Taiwan Politician Receives Cryptocurrency Donation In First-Ever (Ethereum World News), Rated: AAA

Per several unnamed sources, relayed by Taiwanese media, Hsiao Hsin-Chen, a Taipei-based politician, has just “made history” by becoming the first individual to accept a donation via cryptocurrency while running for a governmental position. According to the local news outlet, Taiwan News, Hsin-Chen is currently running for Taipei city council and opened up his campaign to donations from anyone and everyone.

As aforementioned, the politician has reportedly received 10,000 New Taiwan Dollars ($325 USD) worth of Bitcoin, which is apparently the stipulated limit for non-cash donations, like cryptocurrency, stock, etc, to any political-related campaign, as imposed by local rules and regulations.

Australia

Bitcoin and Ripple edge lower, but Stellar rockets on Circle   (Fool.com.au), Rated: AAA

The Bitcoin (BTC) price is down 0.4% to US$6,682.93, reducing its market capitalisation to US$115.5 billion. The Bitcoin price has zoomed over 7% higher since Thursday despite the U.S. SEC delaying its decision on the ETF backed by investment firm VanEck and financial services company SolidX. The lack of an outright rejection may have given traders reason to be optimistic.

The Ethereum (ETH) price is up 0.4% to US$241.84, lifting its market capitalisation to US$24.7 billion.

The Ripple (XRP) price has edged 0.1% lower to 56.3 U.S. cents, reducing the alt coin’s market capitalisation to US$22.4 billion.

The Stellar (XLM) price has zoomed 15% higher, Litecoin(LTC) is up 0.3%, and Cardano (ADA) has jumped 7%. Whereas Tether (USDT) is down 0.1% and Monero(XMR) is off 0.7%.

XRP briefly dethrones Ether as second highest cap cryptocurrency (Finder), Rated: AAA

A lively weekend on the cryptocurrency markets saw continued rises, with the total cryptocurrency market cap now being up about US$20 billion from Thursday. XRP has continued to be the talk of the town, rising enough to briefly disrupt the long-held status quo and take second place by market cap, momentarily toppling Ether.

The position was short-lived though, as traders took advantage of the move to cash out, restoring the now-familiar hierarchy of the top three; bitcoin, Ether and XRP in that order. The last time this pattern changed was the very end of last year, on 29 December, as XRP prices briefly skyrocketed above US$3.

ETH XRP
Source: BitInfoCharts and Finder
Asia

Binance CEO Changpeng Zhao Mobbed During a Singapore Conference (Blokt), Rated: AAA

Changpeng Zhao had just finished his address on stage. As soon as he was leaving the stage, several people mobbed him, and the organizers had to call for security. The news was shared on Twitter by Coindesk Managing Director for Europe and Asia, Wong Joon Ian. He was later quoted by Changpeng Zhao, who wrote on Twitter:

“Today has to be the highest number of selfies I have taken in a single day. Thank you for your support guys!”

ICON Releases Mainnet 3.0 And 2nd Yellow Paper (Invest in Blockchain), Rated: A

With the release of its mainnet 3.0 on September 17, ICON can finally count itself amongst the ranks of smart contract platform cryptocurrencies, along with Ethereum, NEO, EOS, and many others.

Indian Authorities Round up on Bitcoin Scammer’s Properties Worth $ 60 Million (CCN), Rated: A

The Directorate of Enforcement (ED) attached $60 million worth of assets in connection with its probe against Amit Bhardwaj in the alleged Bitcoin Ponzi fraud of $5.26 billion.

The Indian law enforcement agency has attached immovable properties of the owner of GainBitcoin.com, including six offices in Dubai and the residential apartments and bank balances of two of his associates Hemant Bhope and Pankaj Adlakha, under the provision of Anti Money Laundering (AML) act.

Qtum Unveils 0.16 Update on First Birthday, Targets 50,000 Tx/S (Cryptoslate), Rated: A

Qtum celebrated its first birthday with a bang, doubling down on the ambitions of its 2019 roadmap and releasing its “game-changer” 0.16 update, designed to scale the network to 50,000 transactions per second through lightning networks.

Cryptocurrency theft shows need for effective regulations (The Asahi Shimbun), Rated: A

Tech Bureau Corp., a cryptocurrency exchange operator, said a website it manages has been hacked, resulting in an illicit withdrawal of Bitcoins and other digital currencies worth 7 billion yen ($62 million), including 4.5 billion yen in customer assets.

South Korea’s winding regulatory path (Asian Review), Rated: A

In recent years the South Korean government’s reaction to the new cryptoeconomy has been the opposite of that of its citizens. While South Korea is one of the hottest investing and trading markets for cryptocurrencies — an estimated 1 in 3 salaried South Korean workers have invested in tokens or coins — the government’s reactions have been, until recently, anything but ecstatic.

Cryptocurrencies boost local economy (Philstar Global), Rated: B

Our financial landscape is changing. Take the case of international money transfers, which overseas Filipino workers (OFWs) use to send money to loved ones back home. Western Union charges $1.25 for money orders amounting up to $500. This means $1.65 for money orders up to $1,000.

A company named Pundi X, based out of Indonesia, is changing this. It has created blockchain-based, point-of-sale systems that can accept cryptocurrencies like Bitcoin, Ethereum and NPXS, either through fiat money, a mobile wallet, or the Pundi X PASS card. This technology is already in use today: Pundi X just rolled out the Pundi X POS at FAMA Group restaurants in Hong Kong.

Eurasia

Russian Banks Would Be Willing To Work With Cryptocurrencies (Crypto Crimson), Rated: AAA

Russia is still a country to follow when it comes to cryptos and blockchain technologies. Yesterday the news was leaked that a group of major national banks would be ready to start working with cryptocurrencies, but this possibility is still challenging to materialize because of the country’s restrictive legal framework.

MENA

Co-Founder of Gulf Blockchain Foundation Doesn’t See Strong Future for Crypto in Qatar (NewsBTC), Rated: AAA

The co-founder of the Gulf Blockchain Foundation has said Qatar’s supply chains can benefit from the use of the blockchain, but doesn’t see a strong future for crypto in the region at the moment.

Nordics

Iceland’s Industry to Shift From Crypto Mining to ‘Pure Blockchain Business,’ Insiders Say (CoinTelegraph), Rated: AAA

Iceland’s crypto industry is expected to move away from crypto mining and shift to “pure blockchain businesses.” This is according to forecasts made by a number of local industry insiders who talked to the news site Red Herring September 23.

Latin America

IN ARGENTINA, INVESTORS FLOCK TO SAFE-HAVEN BITCOIN (Bitcoinist), Rated: AAA

The economic crisis in Argentina is driving investors to buy Bitcoin in order to protect their wealth, pushing the cryptocurrency’s price higher in-turn. In parallel, to satisfy the increasing demand, the first of 12 Bitcoin ATMs has already begun to operate in a Buenos Aires mall. The number of stores accepting Bitcoin also continues to rise.

Grupo XP – Brazil’s Biggest Independent Broker – Is Launching a Digital Currency Exchange (Smartereum), Rated: A

The parent firm of the largest independent broker in Brazil is planning to launch a digital currency trading platform in the country – according to Bloomberg. Grupo XP – which owns brokerage company XP Investimentos – is setting up a digital currency trading platform which would be launched in the coming months. According to the news source, the new exchange will support trading in Bitcoin (BTC) and Ethereum (ETH).

Authors:

George Popescu
George Popescu
Allen Taylor
Allen Taylor

About the author

Allen Taylor

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