- Today’s main news: Coinbase downsizes over a dozen employees. Litecoin transaction fees drop 10-fold. Global crypto volumes hit 2018 low. Bitcoin to land on Ethereum blockchain. Alibaba Cloud launches global blockchain service.
- Today’s main analysis: How blockchain can improve manufacturing.
- Today’s thought-provoking articles: Bitcoin Cash, Litecoin, Ripple analysis. Is Bitcoin still in a bear market? Is Bitcoin price immune to expiring BTC futures contracts? Cryptocurrencies outperform equities.
- Coinbase downsizes. This is a very small downsizing. It’s unclear what the reason is, but it shouldn’t affect the exchange a great deal, nor the crypto market in general.
- LTC transaction fees drop 10-fold. It is likely this is an attempt to be more competitive. That’s always a good thing, but does lower fees spell doom and gloom for this Bitcoin spin-off?
- Analysis of Bitcoin Cash, Litecoin, and Ripple. None of them are looking good at this point.
- Bitcoin is still in the middle of a bear market. This is one man’s opinion.
- Apple orders Coinbase to remove crypto app.
- Bitcoin remains stable during sell-off.
- Bitcoin is one a ‘buy one, get two free’ sale.
- Are Bitcoin donations worth the political risk?
- XRP is compared to Bitcoin 2.0.
- Ripple hires Google developer.
- SharesPost Token Index tracks crypto trends.
- Fidelity won’t build its own exchange.
- Johnny Depp joins TaTaTu platform.
- Global crypto volumes hit 2018 low. A good time to buy, or will it go lower?
- How blockchain will improve manufacturing. This is an excellent read.
- Bitcoin to land on Ethereum in 2019.
- Has Bitcoin’s price become immune to expiring BTC futures contracts?
- Why Bitcoin community is attacking Blockstream’s Liquid Network.
- Monero fees drop to .0001 XMR on Binance, Bittrex.
- Crypterium allows anyone to send crypto to traditional accounts via bank transfers.
- How ICOs maximize ROI.
- Crypto consolidation continues.
- No major central bank will implement digital currency in near-term.
- Quorum blockchain opens new world of trading opportunities.
- Only a quarter of crypto investors had large losses last month.
- REMME on track to deliver password-less blockchain.
- Cyprus partners with VeChain, CREAM.
- Hyperledger Fabric supports Ethereum Virtual Machine.
- European cryptocurrencies you should know.
- Ethereum co-founder says crypto will not collapse.
- 3 factors affecting Ethereum’s price.
- Vitalik Buterin doesn’t call the shots on Ethereum development.
- EOS21 teleports tokens between Ethereum and EOS.
- How Ethereum grants work.
- Binance CEO asks Twitter followers to catch exchange impostor.
- Czech bank launches crypto-friendly services.
- Find and delete concealed crypto miner from your computer.
- Infineon, XAIN partner on research and development.
- Bitcoin trading volumes rising in Korea.
- Alibaba Cloud launches global blockchain service.
- Shenzhen Court says Bitcoin should be legally protected as property.
- SP Group launches blockchain-based solar energy marketplace.
- This millennial former equity trader plunged into crypto exchange head first.
- Thailand SEC warns investors about ICOs.
- United Kingdom: We still don’t know what Bitcoin is for. I chuckle every time I hear someone say this. What is money for?
- Australia: Cryptocurrencies outperform equities.
- Canada: Bitcoin prices hold steady after exchange shuts down.
- United Kingdom: Bad crypto regulation worse than no regulation at all, report says.
- Canada: Stocks clear and settle successfully in Bank of Canada blockchain trial.
- United States
- Coinbase Downsizes More Than a Dozen People (CCN), Rated: AAA
- Apple Orders Coinbase to Remove Crypto App (BlockTelegraph), Rated: A
- Litecoin (LTC) transaction fees are dropping 10 fold (Coin Rivet), Rated: AAA
- Bitcoin Cash, Litecoin and Ripple Daily Analysis – 28/10/18 (Yahoo! Finance), Rated: AAA
- One asset is shockingly stable during the market sell-off this week — bitcoin (CNBC), Rated: A
- Prominent Analyst: Bitcoin is Still in the Middle of a Bear Market (NewsBTC), Rated: AAA
- Bitcoin [BTC] is on a ‘buy one, get two for free’ sale right now (AMBCrypto), Rated: A
- ARE BITCOIN DONATIONS WORTH THE RISK FOR THE U.S. MIDTERMS? (Bitcoinist), Rated: A
- Ripple’s Cory Johnson compares XRP’s technology to Bitcoin 2.0 (AMBCrypto), Rated: A
- Google Expert Developer Joins Ripple to Lead Crypto-Powered Payments Network RippleNet (CoinTelegraph), Rated: B
- SharesPost Token Index Uses Market Analysis to Track Crypto Trends (BlockTelegraph), Rated: A
- FIDELITY WON’T BUILD ITS OWN EXCHANGE, FOCUSED ON BITCOIN CUSTODY (Bitcoinist), Rated: A
- Johnny Depp Throws Hat into the Crypto Ring, Joins TaTaTu Platform (CCN), Rated: B
- Global Crypto Volumes Hit 2018 Low as Bitcoin and Ethereum Prices Hold Firm (Hacked), Rated: AAA
- Bitcoin on the Ethereum Blockchain? Welcome to 2019 (CCN), Rated: AAA
- Has Bitcoin’s Price Become Immune to the Effect of Expiring BTC Futures Contracts? (Ethereum World News), Rated: AAA
- Here’s Why the Bitcoin Community is Viciously Attacking Blockstream’s Bank 2.0 Liquid Network (Ethereum World News), Rated: A
- Monero Fees Drop to 0.0001 XMR on Binance and Bittrex After Hard Fork (Ethereum World News), Rated: A
- Crypterium Allows Anyone to Send Crypto Directly via Bank Transfers to Traditional Accounts (Crowdfund Insider), Rated: A
- Forked Coins and Airdrops: Using ICOs to Maximize ROI (CCN), Rated: A
- Cryptocurrency Market Update: Crypto Consolidation Continues (NewsBTC), Rated: A
- IBM Survey: No Major Central Bank Will Implement CBDCs in the Near-Term (NewsBTC), Rated: A
- How Blockchain Can Improve Manufacturing In 2019 (Forbes), Rated: AAA
- JP Morgan’s Quorum blockchain opens new world of trading opportunities (Financial Review), Rated: A
- New Report Suggests only a Quarter of Crypto Investors made Large Losses Last Month (Crypto Coin Spy), Rated: A
- REMME Is on Track to Deliver a Password-less Future with Blockchain (BTCManager), Rated: A
- Cyprus Partners with VeChain Foundation and CREAM to Advance Blockchain (CoinJournal), Rated: B
- The Hyperledger Fabric Now Supports Ethereum’s (ETH) Virtual Machine (Ethereum World News), Rated: B
- European Union
- As Bitcoin Turns Ten, Which European Cryptocurrencies Should You Be Aware Of? (Forbes), Rated: AAA
- Ethereum Co-Founder On CNBC: Crypto Isn’t Going To Collapse, Fundamentals Booming (Ethereum World News), Rated: A
- 3 Factors Currently Affecting the Price of Ethereum (ETH) (Ethereum World News), Rated: A
- Ethereum [ETH]’s Vitalik does’t call the shots on developments, the ETH community does (AMBCrypto), Rated: A
- New EOS21 Protocol “Teleports” Tokens Between Ethereum and EOS (Ethereum World News), Rated: A
- Here’s How Ethereum Grants Work (CryptoDaily), Rated: A
- Binance CEO Changpeng Zhao Asks His Twitter Followers To Catch Exchange Impostor (Bitcoin Exchange Guide), Rated: B
- Czech Bank Launches Crypto-Friendly Services (CryptoNewsZ), Rated: A
- Find and Delete a Concealed Crypto Miner on the Computer (The Coin Shark), Rated: A
- Infineon and XAIN Announce a Joint Research & Development Initiative (NewsBTC), Rated: B
- United Kingdom
- 10 years later, we still don’t know what Bitcoin is for (The Telegraph), Rated: AAA
- New Report Warns Over ‘Bad’ Government Cryptocurrency Regulation (CoinTelegraph), Rated: A
- Alibaba Cloud Launches A Global Blockchain Service (Toshi Times), Rated: AAA
- Shenzhen Court Says Bitcoin Should Be Legally Protected as Property (BTCManager), Rated: A
- Why millennial former equity trader has plunged head first into cryptocurrency exchange (SCMP), Rated: A
- Bitcoin, Ethereum, and Ripple mixed as cryptocurrencies outperform equity markets (The Motley Fool), Rated: AAA
- Bitcoin Trading Volumes in Korea seen Rising as Bitcoin Maintains Stability (Coingape), Rated: AAA
- Major Utility Company Launches Blockchain-Based Solar Energy Marketplace (CoinTelegraph), Rated: A
- Thailand SEC Releases Warning Statement On ICOs (CryptoGlobe), Rated: B
- Bitcoin Prices Hold Steady After Sudden Canadian Exchange Shutdown (Forbes), Rated: AAA
- Stocks Cleared and Settled Successfully in Bank of Canada Blockchain Trial (CCN), Rated: A
Coinbase Downsizes More Than a Dozen People (CCN), Rated: AAA
According to Yahoo! Finance, Coinbase has eliminated more than 15 people from its customer support, compliance, and fraud departments.
Apple Orders Coinbase to Remove Crypto App (BlockTelegraph), Rated: A
War Riders, which was a game included inside Coinbase, allowed players to drive around an “apocalyptic” world, where they could build up armies of vehicles. However, such vehicles were represented by non-fungible tokens called NFTs, however, critics argue that Apple’s terms and conditions do not specifically forbid NFTs and reasons for removal remain unclear.
Litecoin (LTC) transaction fees are dropping 10 fold (Coin Rivet), Rated: AAA
Transactions fees for Litecoin are set for a 10-fold reduction. This reduction in fees could act as a boost to help adoption grow under the ‘medium of exchange’ use case.
Last week Monero transactions dropped by almost 96% after the ‘bulletproof’ network upgrade that reduced its block size more than 90%.
Bitcoin Cash, Litecoin and Ripple Daily Analysis – 28/10/18 (Yahoo! Finance), Rated: AAA
Bitcoin Cash fell by 0.9% on Saturday, following on from a 0.2% decline on Friday, to end the day at $440.1.
A relatively range bound start to the day saw Bitcoin Cash ease from a start of a day intraday high $444.3 to $442.1 by the middle of the day before hitting reverse, with a bearish second half of the day seeing Bitcoin Cash fall through the first major support level at $439.73 to a late intraday low $436.3 before recovering to $440 levels by the day’s end.
At the time of writing, Bitcoin Cash was up 0.11% to $440.0, with moves through the early morning seeing Bitcoin Cash fall from a start of a day morning high $440.8 to a morning low $439.1, the range bound start to the day becoming customary across the broader market.
Litecoin Stuck in a Rut
Litecoin slipped by 0.12% on Saturday, following a 0.25% fall on Friday, to end the day at $51.54. It was a 5th day in a row that Litecoin ended the day at $51 levels and a 4thconsecutive day in the red.
Ripple Hits Reverse
Ripple’s XRP fell by 1.32% on Saturday, reversing a 0.54% gain on Friday, to end the day at $0.46041.
A bearish start to the day saw Ripple’s XRP slide through the first major support level at $0.4597 to an early morning intraday low $0.45655 before finding support. The second half of the day was not much better, with Ripple’s XRP pulling back to $0.45 levels to call on support at the first major support level to prevent heavier losses on the day.
Bitcoin is up 1 percent for the week as of Friday afternoon, according to data from CoinDesk, and remained in the $6,500 range without much fanfare.
Prominent Analyst: Bitcoin is Still in the Middle of a Bear Market (NewsBTC), Rated: AAA
Willi Woo, a prominent cryptocurrency market analyst, pitted the digital currency network value (or market cap) against the daily US Dollar volume transmitted through the blockchain. A proportion between the two equated into Bitcoin Network-to-Value (Bitcoin NV) Ratio, similar to P/E ratio used in equity markets. A high Bitcoin BV indicates that the net value is exceeding the sum that is getting transmitted to Bitcoin’s payment network. It alternatively means that investors get inside an unsustainable bubble.
Bitcoin [BTC] is on a ‘buy one, get two for free’ sale right now (AMBCrypto), Rated: A
The CEO went on to say that Bitcoin market is basically a buy one, get two sale because of the price drop right now, which was met with rapturous laughter. According to him, the investor sentiment is basically controlled by the FOMO devil which forces a lot of people to get into the industry when the prices are high.
ARE BITCOIN DONATIONS WORTH THE RISK FOR THE U.S. MIDTERMS? (Bitcoinist), Rated: A
The U.S Federal Election Commission ruled to allow Bitcoin (BTC) $6349.01 -0.95% and other cryptocurrency donations in 2014. In individual states, the rules can be very different. Eight states allow cryptocurrency contributions, while seven have banned them entirely according to Politico. Other states are undecided, leaving federal law to reign.
Ripple’s Cory Johnson compares XRP’s technology to Bitcoin 2.0 (AMBCrypto), Rated: A
According to Cory Johnson:
“It is insane in this era of technology when I can send a text message to a friend in Rome with emojis and a GIF attached to it, or I can send an email to a friend in Cape Town, South Africa in three seconds with an Excel spreadsheet attached with all kinds of information. But I can’t send anything of value. I can’t send value or money when anything less than five or 600 basis points of costs and will take me three to five days. That’s crazy, and that doesn’t reflect the best of technology.”
Google Expert Developer Joins Ripple to Lead Crypto-Powered Payments Network RippleNet (CoinTelegraph), Rated: B
SharesPost Token Index Uses Market Analysis to Track Crypto Trends (BlockTelegraph), Rated: A
SharesPost, a top provider of liquidity solutions for the private growth asset class, has launched its own SharesPost Token Index.
The index concentrates on a set group of tokens that use the ERC-20 protocol, using factors like trading history and market capitalization to assign each token a unique weight based on supply in circulation and current price. Consequently, the token index can indicate the market’s maturity in real-time, simultaneously lowering transaction costs and liquidity risk. These qualities make the SharesPost Token Index the first of its kind in the industry.
FIDELITY WON’T BUILD ITS OWN EXCHANGE, FOCUSED ON BITCOIN CUSTODY (Bitcoinist), Rated: A
In the most recent episode of her Unconfirmed podcast, Laura Shin interviewed Fidelity president of Digital Asset Services Tom Jessop. The two had a cryptocurrency and blockchain focused discussion about the company’s plans to help develop the Bitcoin $6412.21 -0.93% and cryptocurrency market to a higher level of functionality and value.
When asked whether or not Fidelity would build its own cryptocurrency exchange, Jessop explained that he believed that the current exchanges do a fairly good job at this and Fidelity is more focused on providing custody services for institutions looking to become involved in cryptocurrency.
Announced today, Hollywood star Johnny Depp has signed a deal with a new cryptocurrency related platform called TaTaTu. The platform, like Depp himself, aims to provide social entertainment.
Global Crypto Volumes Hit 2018 Low as Bitcoin and Ethereum Prices Hold Firm (Hacked), Rated: AAA
Global volumes dipped to $8.5 billion on October 26th, and have remained at much the same levels through to Saturday. Bitcoin and the majority of major altcoins have remained stable in that time, in stark contrast to previous instances when global volumes dipped so low.
BTC opened trading seven days ago at a price of $6,472, and as of Saturday evening is still trading at $6,471 – a mere one dollar swing.
Quarterly numbers place BTC still some way below the three-month high of $8,230 – the last peak before the plunge of late July, early August.
Just like BTC, it has also been a tight range recently for ETH. The current price in the $204 range is the same price at which the coin opened the week; while the monthly high of $218 is just over 5% away.
Bitcoin on the Ethereum Blockchain? Welcome to 2019 (CCN), Rated: AAA
We all know what BTC, BCC, and ETH are. But new to the reader may be symbol WBTC – short for “wrapped Bitcoin,” which will essentially be a token on the Ethereum blockchain tied directly to the value of Bitcoin. A combined effort of Kyber Network, Republic Protocol and BitGo, the token will have two important effects on cryptocurrency.
Has Bitcoin’s Price Become Immune to the Effect of Expiring BTC Futures Contracts? (Ethereum World News), Rated: AAA
On the 26th of October, Ethereum World News notified its readers of the expiration of Bitcoin (BTC) Futures contracts offered by the CME Group. The BTC Futures contracts were expiring on the same day at 4pm London Time. Some traders have also put forth the idea that they usually expire at 4pm GMT. The difference between the two time zones is one hour but we can observe from this past Friday, that the price of BTC was not affected by the expiring contracts.
Here’s Why the Bitcoin Community is Viciously Attacking Blockstream’s Bank 2.0 Liquid Network (Ethereum World News), Rated: A
Today we begin with three questions: Is Blockstream building solutions such as Liquid which rely on the government for protection of the fulfillment of contracts?
Is Blockstream intentionally crippling the throughput on the base layer so that most traffic has to go through their second for profitability?
Monero Fees Drop to 0.0001 XMR on Binance and Bittrex After Hard Fork (Ethereum World News), Rated: A
The new Beryllium Bullet has a “bulletproof” feature that lowers the size of a transaction from 18kb to 3.5kb. With this, a 96% reduction in fees is achieved, making the cryptocurrency not only attractive for those who seek confidentiality but also for those who prefer higher profitability and lower costs.
Crypterium Allows Anyone to Send Crypto Directly via Bank Transfers to Traditional Accounts (Crowdfund Insider), Rated: A
Crypterium has announced that as of last week 400,000 users will be given the opportunity to test paying their loans directly via cryptocurrency. Crypterium is already allowing consumers in Australia to transfer crypto and deposit into bank accounts with a partnership with BPAY.
Led by former Visa UK CEO and Revolut advisor, Marc O’Brien, Crypterium reports it has integrated with IBAN’s banking system to allow direct mortgage payments via cryptocurrency following a successful integration with the banking system in Australia. Next on the list is SWIFT next.
Forked Coins and Airdrops: Using ICOs to Maximize ROI (CCN), Rated: A
Amongst those cryptos worst hit is Ether (ETH). The second-largest by means of market capitalization lost upwards of 85% of its value YTD and trades at $207.73 at the time of writing. A massive drop in comparison to its peak of $1,400 in January 2018.
Cryptocurrency Market Update: Crypto Consolidation Continues (NewsBTC), Rated: A
Still at the same level a touch below $6,500, Bitcoin is static. Ethereum is also immobile for another day trading at just below $205.
Yet again the altcoins are mixed and there really isn’t much to write about. Nothing is gaining more than a percent on the day in the top ten and Stellar has declined the most falling back over 2% to $0.228.
The top twenty shows equal torpor with more red than green. Iota and Nem have dropped just over 2% and Dash is not far behind.
The top performer in the top one hundred at the moment is Veritaseum climbing 8% on the day. Polymath and Metaverse ETP are both up just over 7% and Decentraland has made 6.5% at the time of writing.
IBM Survey: No Major Central Bank Will Implement CBDCs in the Near-Term (NewsBTC), Rated: A
A report on central bank digital currencies has found that 61% of institutions don’t think a blockchain is necessary due to low efficiency gains during trials.
Read the full report here.
How Blockchain Can Improve Manufacturing In 2019 (Forbes), Rated: AAA
Capgemini Research Institute’s recent study, Does blockchain hold the key to a new age of supply chain transparency and trust? provide valuable insights into how blockchain can improve supply chains and manufacturing. A copy of the study is available here (PDF, 32 pp., no opt-in). Capgemini surveyed 731 organizations globally regarding their existing and planned blockchain initiatives. Initial interviews yielded 447 organizations who are currently experimenting with or implementing blockchain.
- Typical product recalls cost $8M, and many could be averted with improved track-and-traceability enabled by blockchain. Capgemini found that there was 456 food recalls alone in the U.S. last year, costing nearly $3.5B.
- Gaining greater cost savings (89%), enhancing traceability (81%) and enhancing transparency (79%) are the top three drivers behind manufacturer’s blockchain investments today.Additional drivers include increasing revenues (57%), reducing risks (50%), creating new business opportunities (44%) and being more customer-centric (38%).
- Digital marketplaces, tracking critical supply chain parameters, tracking components quality, preventing counterfeit products, and tracking asset maintenance are the five areas Capgemini predicts blockchain will see the greatest adoption.
- Manufacturers have the most at-scale deployments of blockchain today, leading all industries included in the study. Blockchain adoption is still nascent across all industries included in the study, with 6% of manufacturers having at-scale implementations today. Customer products manufacturers lead in pilots, with 15% actively [purusing blockchain in limited scope today. And retailers trail all industries with 91% having only proofs of concept.
- Capgemini found that 13% of manufacturers are Pacesetters and are either implementing blockchain at scale or have pilots in at least one site. Over 60% of Pacesetters believe that blockchain is already transforming the way they collaborate with their partners.
See the full report here.
JP Morgan’s Quorum blockchain opens new world of trading opportunities (Financial Review), Rated: A
A blockchain platform built by global investment bank JP Morgan is being used to “tokenise” gold bars to allow sustainable miners to earn a premium on global markets, an indication of new trading opportunities the disruptive technology will create over the coming decade.
New Report Suggests only a Quarter of Crypto Investors made Large Losses Last Month (Crypto Coin Spy), Rated: A
A recent report from cryptocurrency research firm OK Blockchain Capital indicates that as little as 25 percent of crypto investors lost significant capital in September this year. Despite the overall cryptocurrency market continuing a downward trajectory throughout most of September, it appears some traders are still breaking even, with a small percentage even reporting profits.
REMME Is on Track to Deliver a Password-less Future with Blockchain (BTCManager), Rated: A
Blockchain startup REMME aims towards resolving the issue by creating a unique authentication system that is devoid of any passwords. Based on cryptography and distributed ledger technology (DLT), the solution is designed obsolete, while retaining convenience for the average user.
Cyprus Partners with VeChain Foundation and CREAM to Advance Blockchain (CoinJournal), Rated: B
Invest Cyprus, the government’s dedicated partner responsible for attracting and facilitating foreign direct investment in key economic sectors, has signed a memorandum of understanding (MoU) with blockchain startups VeChain Foundation and CREAM to collaborate on the development and implementation of blockchain solutions.
The Hyperledger Fabric Now Supports Ethereum’s (ETH) Virtual Machine (Ethereum World News), Rated: B
It is with this background that the Enterprise Ethereum Alliance (EEA) and Hyperledger announced that they were joining each other’s organizations as Associate Members. In the announcement that was made in early October, the team at EEA had this to say about the new strategic partnership:
As Bitcoin Turns Ten, Which European Cryptocurrencies Should You Be Aware Of? (Forbes), Rated: AAA
Next week marks the tenth anniversary of Satoshi Nakamoto releasing the inaugural Bitcoin whitepaper. With transactions worth $2 billion now carried out every single day in the cryptocurrency, Nakamoto’s Bitcoin: A Peer-to-Peer Electronic Cash System can be seen to have entirely revolutionized the global financial system.
There is ₿16,858,762 of the cryptocurrency currently in circulation, worth an incredible $108,654,552,502 – more than the entire nominal GDP of Israel, Switzerland and Saudi Arabia. Up to 5.8 million people were also using a cryptocurrency wallet in 2017, according to research by the University of Cambridge, with the majority trading in Bitcoin.
However, Europe is rapidly catching up; ICO fundraising in Europe has reached $4.1 billion so far this year, compared to $2.6 billion in the United States and $2.3 billion in Asia.
Founded by Norwegian David Sønstebø and Italian blockchain-entrepreneur Dominik Schiener, MIOTA is a unique cryptocurrency designed for the Internet of Things.
Lisk — the Swiss-headquartered firm who launched the token — hit headlines after launching one of the most successful crowdfunding projects in history, raising over 14,000 Bitcoins worth of capital during its Initial Coin Offering.
Liechtenstein-headquartered firm Aeternity has been touted as a successor to blockchain giant Ethereum, with the firm aiming to avoid the scalability problems that have hit its rival.
The firm held its ICO in May this year, raising roughly $70 million which went towards developing its own unique blockchain network.
Ethereum Co-Founder On CNBC: Crypto Isn’t Going To Collapse, Fundamentals Booming (Ethereum World News), Rated: A
“Digital currencies (Crypto) aren’t on the edge of a collapse.” There were the controversial words conveyed by Joseph Lubin, an Ethereum (ETH) co-founder and Consensys founder, during a recent appearance on CNBC’s “First On CNBC” segment.
3 Factors Currently Affecting the Price of Ethereum (ETH) (Ethereum World News), Rated: A
To begin with, there is the ICO theory that many of the crowdfunded projects are liquidating the ETH raised in a bid to hedge against the current bear market.
Secondly, the Ethereum network is due for an upgrade that aims at solving the scalability issues on the network.
A third reason why the price of Ethereum has not improved, is the emergence of competing blockchain projects that have faster, cheaper and more efficient networsk. One of these projects is TRON and the platform can handle 2,000 transactions per second in comparison to Ethereum’s 25.
Ethereum [ETH]’s Vitalik does’t call the shots on developments, the ETH community does (AMBCrypto), Rated: A
In a recent panel discussion, Camila Russo, a financial news journalist, stated that it was important to understand that Vitalik Buterin, co-founder of Ethereum, was not responsible for all the decisions made by the Ethereum platform.
New EOS21 Protocol “Teleports” Tokens Between Ethereum and EOS (Ethereum World News), Rated: A
shEOS, a Spanish company specialized in software development, has successfully created a protocol that serves as a communication tool between Ethereum and EOS blockchain. The EOS21 protocol serves as a bridge between the two blockchains, making it possible to “teleport” Ethereum ERC 20 tokens to EOS without losing functionality.
Here’s How Ethereum Grants Work (CryptoDaily), Rated: A
According to the Ethereum Foundation, here are some of the main points to consider when thinking about the grants:
- “Open source.”
- “Funding is only for future work.”
- “Avoid playing favorites. We try not to advantage one team over others.”
- “Avoid grants at the application layer, though we do believe that projects and teams working at the application layer should apply when they are building open source tools applicable to the wider ecosystem.”
- “Avoid giving an Ethereum Foundation stamp of approval. EF Grants are not intended to be an endorsement of a particular project over others.”
Binance CEO Lauds Fidelity Investments Move into Crypto Market (Coin Central), Rated: A
Binance CEO “CZ” Changpeng Zhao has lauded Fidelity Investments’ move into the crypto market. A multi-national financial services provider, Fidelity recently announced its cryptocurrency custodial services offering, specifically targeting institutional investors.
In regard to this news, Binance’s CEO, CZ, asked followers on Twitter about the prospect of having just 5 percent of Fidelity’s portfolio invested in the crypto market. He asked, “What happens when a fund like Fidelity allocates a mere 5% of their portfolio to crypto? Have you calculated how much that is?”
Binance CEO Changpeng Zhao Asks His Twitter Followers To Catch Exchange Impostor (Bitcoin Exchange Guide), Rated: B
Changpeng Zhao, the CEO of one of the biggest crypto exchanges, Binance, asked his Twitter followers to identify an imposter who pretends to be the CEO of the Korean wing of Binance.
Czech Bank Launches Crypto-Friendly Services (CryptoNewsZ), Rated: A
The Czech Republic is taking steps towards making their businesses and banks more affiliated with cryptocurrency and provide the same services to the public. One of the commercial banks called Expobank CZ is launching cryptocurrency-friendly services online which will be available for their customers alongside the traditional financial features.
Find and Delete a Concealed Crypto Miner on the Computer (The Coin Shark), Rated: A
A mining-bot on a computer is software that functions in a concealed way and conducts mining of digital coins. A bot uses computing power for mining, and all the earned coins are being allocated to its creator. Obviously, one computer can make peanuts, but if the number of infected equipment amounts to tens or even hundreds of thousands, then the earning of intruders become fairly impressive.
So how to detect them? If you noticed that your computer started to work quite incorrectly, then it makes sense to check it for the presence of this kind of software. For this purpose, it is necessary to:
- measure CPU with a low load (office applications, simple programs, etc.);
- measure CPU with a heavy load (video rendering, 3D graphics, games, etc.);
- download the AIDA64 application and check the GPU and CPU work;
- analyze the obtained data.
Infineon and XAIN Announce a Joint Research & Development Initiative (NewsBTC), Rated: B
Infineon Technologies and XAIN will work together on the implementation of blockchain technology for the automotive sector. The Munich-based semiconductor manufacturer and the Berlin start-up signed a Memorandum of Understanding at the first Infineon Automotive Cybersecurity Forum in Munich, thus moving closer to integrate XAIN technology directly into Infineon microcontrollers.
10 years later, we still don’t know what Bitcoin is for (The Telegraph), Rated: AAA
The first mention of Bitcoin appeared online a decade ago this week, admittedly without much fanfare. A technical paper describing a new “electronic cash system” was sent around an obscure internet mailing list for cryptography nerds.
Its author, who went by the name Satoshi Nakamoto, detailed how the system would mean online payments being sent directly between people, without having to rely on a bank. It was unveiled without much bombast, and seemed like more of an experiment than a revolution.
A few months later, the Bitcoin network went online. Embedded in the code was a newspaper article about Alistair Darling, then the chancellor, preparing a new bank bailout (one of several reasons some…
New Report Warns Over ‘Bad’ Government Cryptocurrency Regulation (CoinTelegraph), Rated: A
Now, a joint report from the British Business Federation Authority (BBFA), venture capital fund Novum Insights, and cryptocurrency exchange TodaQ has urged caution about overly far-reaching regulation.
According to the document seen by the Telegraph, “bad regulation is worse than no regulation at all,” with the implication of knock-on effects for the wider U.K. fintech scene.
Alibaba Cloud Launches A Global Blockchain Service (Toshi Times), Rated: AAA
Shenzhen Court Says Bitcoin Should Be Legally Protected as Property (BTCManager), Rated: A
The Shenzhen Court of International Arbitration published a case analysis on October 25, 2018, via WeChat, clarifying its ruling on an economic dispute that involved a business contract relating to possession and transfer of crypto assets.
Why millennial former equity trader has plunged head first into cryptocurrency exchange (SCMP), Rated: A
There are a lot of Andrew Wongs in the world, but there is only one “Wongy” in the world of cryptocurrencies in Hong Kong.
So, he left the bank to become the youngest managing partner at International Digital Currency Markets (IDCM), a Hong Kong a cryptocurrency exchange platform and financial services company working in areas including media, social, mining, digital asset management, markets and research.
Today IDCM – now ranked by CoinMarketCap.com, the cryptocurrency market tracking website, among the 25 biggest global exchanges by volume – has four million users and a daily turnover of US$82 million.
Bitcoin, Ethereum, and Ripple mixed as cryptocurrencies outperform equity markets (The Motley Fool), Rated: AAA
The Bitcoin (BTC) price is down 0.1% to US$6,466.32, reducing its market capitalisation to just under US$112.2 billion.
The Ethereum (ETH) price has climbed 0.1% to US$204.27. This has lifted the ETH market capitalisation to US$21 billion.
The Ripple (XRP) price is up 0.1% to 45.77 U.S. cents. This has improved the XRP market capitalisation to US$18.4 billion.
The Bitcoin Cash (BCH) price has pushed 0.1% higher to US$437.38, lifting the Bitcoin spin off’s market capitalisation to US$7.6 billion.
The EOS (EOS) price has risen 0.3% to US$5.41. This gain gives EOS a market capitalisation of US$4.9 billion.
Outside the top five things weren’t quite as positive. Although Stellar (XLM) rose 0.2% and Tether (USDT) increased 0.35%, Litecoin (LTC) fell 0.5%, Cardano(ADA) dropped 0.2%, and Monero (XMR) tumbled 0.6% lower.
Bitcoin Trading Volumes in Korea seen Rising as Bitcoin Maintains Stability (Coingape), Rated: AAA
The volumes of Bitcoin in BTC/KRW have been on a high for Bitcoin compared to any other fiat crypto pair. Also, Korean exchanges such as Bithumb and Coinbit are clocking strong and market leading volumes. It’s already been a couple of times in recent months, the premium has been observed in Korean exchanges but it hasn’t yet sustained like 2017.
This graph from cryptocompare.com shows how volumes in Korean Won (blue) have been rather silent since the beginning of the year but have actually opened wide over the last few weeks.
Major Utility Company Launches Blockchain-Based Solar Energy Marketplace (CoinTelegraph), Rated: A
SP Group, a major corporation providing electricity and gas transmission in Singapore, has launched a blockchain-powered renewable energy certificate (REC) marketplace, the company reveals in a press release Monday, Oct. 29.
Thailand SEC Releases Warning Statement On ICOs (CryptoGlobe), Rated: B
Thailand’s Securities and Exchange Commission (SEC) has released a warning to the public about investing in initial coin offerings (ICOs). The report explains that some of the coins being offered did not receive SEC approval, which means that investing in them could carry serious risk.
The report identified nine digital tokens and ICOs that were not authorized by the SEC, including: Every Coin, Orientum Coin (ORT Coin), OneCoin and OFC Coin, Tripxchain Coin (TXC Coin), TUC Coin, G2S Expert ICO, Singhcom Enterprise ICO, Adventure hostel Bangkok ICO and Kidstocurrency ICO.
Bitcoin Prices Hold Steady After Sudden Canadian Exchange Shutdown (Forbes), Rated: AAA
Bitcoin prices, along with the wider cryptocurrency market, have held steady following the sudden shut down of a relatively minor cryptocurrency exchange in Canada yesterday.
MapleChange revealed via Twitter that a software “bug” had allowed all of the 913 bitcoin (worth some $6 million at current exchange rates) it was holding to be stolen.
In the trial, the Bank of Canada in partnership with payments system organization Payments Canada, stock exchange operator TMX Group, global consulting firm Accenture and blockchain firm R3demonstrated the feasibility of an integrated DLT-based securities and payment settlement platform.