💼 Invest In 10 Cryptocurrencies At A Time 💼
🚀 The Abra wallet provider has launched a new token, accessible to everyone and everywhere, based on a crypto assets portfolio.
⚙️ Bitwise 10 Crypto Index Token (Bit10) is based on a portfolio of TOP10 cryptocurrencies in terms of market capitalization. The structure of assets in the portfolio is rebalanced every month. The index was developed by Bitwise Asset Management last year.
💎 The press release notes that instead of investing in different assets separately, users can now buy Bit10 token to invest in a portfolio of assets, capitalization of which covers 85% of the market.
✔️ According to Abra CEO Bill Barhydt, the fund forming the basis of the Bit10 token invests in Bitcoin, Ethereum, XRP, Bitcoin Cash, EOS, Stellar, Litecoin, DASH, Monero and Zcash. Users can deposit fiat money or cryptocurrency on an Abra wallet, and then convert the funds into Bit10 tokens. At the same time, Barhydt emphasizes that the token itself is not a fund.
💬 "The Bit10 token is 100 percent bitcoin based. It is a single bitcoin collateralized multi-sig wallet. The amount of bitcoin the consumer is holding in the Bit10 token's wallet is automatically adjusted to reflect the USD value of the Bit10 index. Abra is the counterparty to the contract and hedges away counterparty risk on all of its contracts. This is exactly how all of the other synthetic assets in Abra function", -added Abra CEO.
🔧 The token is based on smart contracts linking the user's cryptocurrency or fiat to digital assets of the Bit10 index. The value of the index, in turn, depends on price movements of the underlying assets.
☝️ Abra representatives stressed that although the token is based on the Bitwise index fund, it is not an exchange traded fund (ETF), and therefore doesn't require approval by regulators.
⏳ At the same time, Bitwise itself still intends to launch a cryptocurrency-based ETF. Representatives of the company say that Bitwise is currently awaiting a decision on its application from the US Securities and Exchange Commission.
🚀 The Abra wallet provider has launched a new token, accessible to everyone and everywhere, based on a crypto assets portfolio.
⚙️ Bitwise 10 Crypto Index Token (Bit10) is based on a portfolio of TOP10 cryptocurrencies in terms of market capitalization. The structure of assets in the portfolio is rebalanced every month. The index was developed by Bitwise Asset Management last year.
💎 The press release notes that instead of investing in different assets separately, users can now buy Bit10 token to invest in a portfolio of assets, capitalization of which covers 85% of the market.
✔️ According to Abra CEO Bill Barhydt, the fund forming the basis of the Bit10 token invests in Bitcoin, Ethereum, XRP, Bitcoin Cash, EOS, Stellar, Litecoin, DASH, Monero and Zcash. Users can deposit fiat money or cryptocurrency on an Abra wallet, and then convert the funds into Bit10 tokens. At the same time, Barhydt emphasizes that the token itself is not a fund.
💬 "The Bit10 token is 100 percent bitcoin based. It is a single bitcoin collateralized multi-sig wallet. The amount of bitcoin the consumer is holding in the Bit10 token's wallet is automatically adjusted to reflect the USD value of the Bit10 index. Abra is the counterparty to the contract and hedges away counterparty risk on all of its contracts. This is exactly how all of the other synthetic assets in Abra function", -added Abra CEO.
🔧 The token is based on smart contracts linking the user's cryptocurrency or fiat to digital assets of the Bit10 index. The value of the index, in turn, depends on price movements of the underlying assets.
☝️ Abra representatives stressed that although the token is based on the Bitwise index fund, it is not an exchange traded fund (ETF), and therefore doesn't require approval by regulators.
⏳ At the same time, Bitwise itself still intends to launch a cryptocurrency-based ETF. Representatives of the company say that Bitwise is currently awaiting a decision on its application from the US Securities and Exchange Commission.
🌐 Bithumb International 🌐
🏦 Bithumb, one of the major South Korean Bitcoin exchanges, is going to launch its own globally oriented decentralized exchange.
🔜 The launch of the Bithumb DEX is expected later this month. The new trading platform will become the international division of the company.
🤝 Technical assistance in the establishment of the platform is carried out by a blockchain startup One Root Network, which already has its own decentralized exchange, and its native token is traded under the ticker RNT.
🎯 According to the Bithumb representatives, the new trading platform is a part of the Bithumb plan to take a leading position in the global cryptocurrency market amid problems with the business development in the domestic market and regulatory difficulties.
👨🏻⚖️ As a reminder, as a result of hacking, this summer, 35 billion South Korean won in cryptocurrency were stolen from Bithumb (about $31 million at that time). Since then, regulation of the cryptocurrency industry in South Korea has been gradually tightening. For example, last month it became known that Bithumb and Coinone exchanges would ban withdrawal of fiat for unverified traders.
🏦 Bithumb, one of the major South Korean Bitcoin exchanges, is going to launch its own globally oriented decentralized exchange.
🔜 The launch of the Bithumb DEX is expected later this month. The new trading platform will become the international division of the company.
🤝 Technical assistance in the establishment of the platform is carried out by a blockchain startup One Root Network, which already has its own decentralized exchange, and its native token is traded under the ticker RNT.
🎯 According to the Bithumb representatives, the new trading platform is a part of the Bithumb plan to take a leading position in the global cryptocurrency market amid problems with the business development in the domestic market and regulatory difficulties.
👨🏻⚖️ As a reminder, as a result of hacking, this summer, 35 billion South Korean won in cryptocurrency were stolen from Bithumb (about $31 million at that time). Since then, regulation of the cryptocurrency industry in South Korea has been gradually tightening. For example, last month it became known that Bithumb and Coinone exchanges would ban withdrawal of fiat for unverified traders.
🔆 Knowledge Is The Light 🔆
📚 At the Scaling Bitcoin conference in Tokyo, Warren Togami, VP Solutions at Blockstream, presented Reading Bitcoin - an educational resource on Bitcoin.
🤓 A stated aim of the tool is to translate materials on Bitcoin into different languages, fight against misinformation and train new members of the community.
🌏 Initially, the materials will be available in Japanese, Chinese and Korean, as, according to Togami, Bitcoin is very popular in these countries, but there is a lack of high-quality educational content.
🔓 All publications will be publicly available under the Common Creatives public license.
✳️ For your information, earlier an alternative information website about the first cryptocurrency has appeared - btcinformation.org.
📚 At the Scaling Bitcoin conference in Tokyo, Warren Togami, VP Solutions at Blockstream, presented Reading Bitcoin - an educational resource on Bitcoin.
🤓 A stated aim of the tool is to translate materials on Bitcoin into different languages, fight against misinformation and train new members of the community.
🌏 Initially, the materials will be available in Japanese, Chinese and Korean, as, according to Togami, Bitcoin is very popular in these countries, but there is a lack of high-quality educational content.
🔓 All publications will be publicly available under the Common Creatives public license.
✳️ For your information, earlier an alternative information website about the first cryptocurrency has appeared - btcinformation.org.
👛 BCH Badgerwallet 👛
🚀 Bitcoin Cash (BCH) developers has released a new BCH desktop wallet, Badgerwallet.cash. It has something in common with the Ethereum-light client Metamask. To date, the new beta version Chrome extension wallet can be tested in the browser’s developer mode and soon will be able to hold BCH-issued tokens.
🤝 The BCH-based Badgerwallet.cash client was produced by members of the organizations Spendbch, Bitbox, the Simple Ledger Protocol (SLP), and Bitcoin.com developers.
☝️ Gabriel Cardona, the creator of Bitbox, pointed out that token support isn't quite finished yet, but the team is making the wallet token agnostic.
🗣 "With token plugin architecture developers from any of the emerging token platform can plug their tokens into Badgerwallet", - Cardona explained.
⚙️ For now, the developer says the team will be adding support for SLP and Wormhole tokens. Badgerwallet testers can create a new account with mnemonic, add as many accounts as they need from a dropdown menu, and send and receive BCH as well.
💎 Overall, according to the available information, the wallet runs fairly smooth. When the team adds the SLP and Wormhole token abilities, the wallet will likely gain more interest, especially if the app is token agnostic. Cardona also told that the team has recently added the Wormhole endpoints to rest.bitcoin.com and the wallet is being QAed now and will be live by next week.
🚀 Bitcoin Cash (BCH) developers has released a new BCH desktop wallet, Badgerwallet.cash. It has something in common with the Ethereum-light client Metamask. To date, the new beta version Chrome extension wallet can be tested in the browser’s developer mode and soon will be able to hold BCH-issued tokens.
🤝 The BCH-based Badgerwallet.cash client was produced by members of the organizations Spendbch, Bitbox, the Simple Ledger Protocol (SLP), and Bitcoin.com developers.
☝️ Gabriel Cardona, the creator of Bitbox, pointed out that token support isn't quite finished yet, but the team is making the wallet token agnostic.
🗣 "With token plugin architecture developers from any of the emerging token platform can plug their tokens into Badgerwallet", - Cardona explained.
⚙️ For now, the developer says the team will be adding support for SLP and Wormhole tokens. Badgerwallet testers can create a new account with mnemonic, add as many accounts as they need from a dropdown menu, and send and receive BCH as well.
💎 Overall, according to the available information, the wallet runs fairly smooth. When the team adds the SLP and Wormhole token abilities, the wallet will likely gain more interest, especially if the app is token agnostic. Cardona also told that the team has recently added the Wormhole endpoints to rest.bitcoin.com and the wallet is being QAed now and will be live by next week.
🕴🏻 Secret Partnership 🕴🏻
🤝 One of the leading cryptocurrency exchanges Bitfinex allegedly entered into a partnership with the British bank HSBC.
👀 Platform users are offered to make dollar deposits to a private account of Global Trading Solution, LLC. At the same time, the American division of HSBC Bank N.A is listed as the beneficiary bank.
✔️ It's noteworthy that deposits in Japanese yen (JYP), British pound (GBP) and euro (EUR) are currently suspended, however, according to the available information, Bitfinex intends to resolve the situation within a week.
🙅🏻♂️ Representatives of the exchange declined to comment on the alleged cooperation with HSBC.
"Bitfinex does not, and has never, commented on actual or potential business relationships and this is not subject to change now", - said Kasper Rasmussen, director of communications at Bitfinex.
❓ At the moment, the nature of the relationship between Bitfinex and HSBC remains uncertain.
😮 Note please, this week in the media appeared information on the financial problems of the Puerto Rican bank Noble Bank, presumably servicing Bitfinex and Tether Ltd. accounts.
📢 Bitfinex has responded promptly to rumors about the possible problems with the withdrawal of funds due to the situation around Noble Bank, stressing that the situation has no impact on the functioning of the exchange.
🤝 One of the leading cryptocurrency exchanges Bitfinex allegedly entered into a partnership with the British bank HSBC.
👀 Platform users are offered to make dollar deposits to a private account of Global Trading Solution, LLC. At the same time, the American division of HSBC Bank N.A is listed as the beneficiary bank.
✔️ It's noteworthy that deposits in Japanese yen (JYP), British pound (GBP) and euro (EUR) are currently suspended, however, according to the available information, Bitfinex intends to resolve the situation within a week.
🙅🏻♂️ Representatives of the exchange declined to comment on the alleged cooperation with HSBC.
"Bitfinex does not, and has never, commented on actual or potential business relationships and this is not subject to change now", - said Kasper Rasmussen, director of communications at Bitfinex.
❓ At the moment, the nature of the relationship between Bitfinex and HSBC remains uncertain.
😮 Note please, this week in the media appeared information on the financial problems of the Puerto Rican bank Noble Bank, presumably servicing Bitfinex and Tether Ltd. accounts.
📢 Bitfinex has responded promptly to rumors about the possible problems with the withdrawal of funds due to the situation around Noble Bank, stressing that the situation has no impact on the functioning of the exchange.
🇳🇴 New Crypto Rules In Norway 🇳🇴
📑 Finanstilsynet, the Financial Supervisory Authority of Norway (FSA) announced that the country’s Ministry of Finance has established new money laundering regulations which apply to "Norwegian providers of virtual currency exchange and storage services".
🔜 The new law will come into force on October 15 and will affect companies established in Norway including affiliates of foreign-based companies. Companies, in their turn, have until January 15 next year to comply.
📌 In addition to crypto storage services and providers offering exchange services, the law also applies to platforms that facilitate trading and exchanges by connecting buyers and sellers. What's important, exchanging between different types of virtual currencies isn't included.
📌 The regulator clarified that firms storing private keys on behalf of customers are considered to be involved in "the transfer, storage or purchase of virtual currency" and are therefore included in the new regulations, while storage solutions that don't store private crypto keys (non-custodial wallets) are not covered by the regulations.
📨 Thus, under the new rules, affected providers must register with Finanstilsynet and provide necessary documents:
"Consequently, customers must expect to identify and receive questions such as the purpose of a transaction or the origin of funds, etc.".
‼️ Note please, "individuals who buy or sell their own virtual currencies for private purposes" and those who occasionally "assist friends and acquaintances with the purchase and sale of virtual currencies" will not be subject to the reporting requirements under the new money laundering rule.
📑 Finanstilsynet, the Financial Supervisory Authority of Norway (FSA) announced that the country’s Ministry of Finance has established new money laundering regulations which apply to "Norwegian providers of virtual currency exchange and storage services".
🔜 The new law will come into force on October 15 and will affect companies established in Norway including affiliates of foreign-based companies. Companies, in their turn, have until January 15 next year to comply.
📌 In addition to crypto storage services and providers offering exchange services, the law also applies to platforms that facilitate trading and exchanges by connecting buyers and sellers. What's important, exchanging between different types of virtual currencies isn't included.
📌 The regulator clarified that firms storing private keys on behalf of customers are considered to be involved in "the transfer, storage or purchase of virtual currency" and are therefore included in the new regulations, while storage solutions that don't store private crypto keys (non-custodial wallets) are not covered by the regulations.
📨 Thus, under the new rules, affected providers must register with Finanstilsynet and provide necessary documents:
"Consequently, customers must expect to identify and receive questions such as the purpose of a transaction or the origin of funds, etc.".
‼️ Note please, "individuals who buy or sell their own virtual currencies for private purposes" and those who occasionally "assist friends and acquaintances with the purchase and sale of virtual currencies" will not be subject to the reporting requirements under the new money laundering rule.
📰 Blitz News 📰
🚀 Yesterday, Justin Sun, Tron CEO, introduced an updated version of the network called Odyssey 3.1. According to him, Tron will be 200 times faster than Ethereum and 100 times cheaper than EOS. He added that after the upgrade, the Tron Committee and TVM functions will be available, and the "smart contract era" will come on the network.
🙌 Binance, the leading cryptocurrency exchange in terms of daily trading volume, announced that it will send all fees for new tokens' listing to charitable initiatives. At the same time, projects will be able to offer contribution themselves, and the exchange itself doesn't intend to establish acceptable minimums. Binance also promised full transparency while listing, and high standards in tokens' selection.
🇨🇳 At Free Trade Zone of Hainan, China, the so-called Blockchain Trial Zone has appeared. The goal of the new zone's establishment is supporting ambitious and revolutionary innovations based on blockchain, and cultivation of this new multibillion-dollar industry. It's also reported that Huobi intends to move from Beijing to the Free Trade Zone of Hainan.
🚀 Yesterday, Justin Sun, Tron CEO, introduced an updated version of the network called Odyssey 3.1. According to him, Tron will be 200 times faster than Ethereum and 100 times cheaper than EOS. He added that after the upgrade, the Tron Committee and TVM functions will be available, and the "smart contract era" will come on the network.
🙌 Binance, the leading cryptocurrency exchange in terms of daily trading volume, announced that it will send all fees for new tokens' listing to charitable initiatives. At the same time, projects will be able to offer contribution themselves, and the exchange itself doesn't intend to establish acceptable minimums. Binance also promised full transparency while listing, and high standards in tokens' selection.
🇨🇳 At Free Trade Zone of Hainan, China, the so-called Blockchain Trial Zone has appeared. The goal of the new zone's establishment is supporting ambitious and revolutionary innovations based on blockchain, and cultivation of this new multibillion-dollar industry. It's also reported that Huobi intends to move from Beijing to the Free Trade Zone of Hainan.
😤 Out Of Favor 😤
❌ Binance exchange announced the first major delist of digital assets, under which Bytecoin (BCN), Iconomi (ICN), ChatCoin (CHAT) and Triggers (TRIG) cryptocurrencies will be withdrawn from the auction.
🔜 Delisting of all trading pairs with BCN, CHAT, ICN and TRIG will be held on Friday, October 12. After that the possibility of these assets' withdrawal will remain available for a month more.
💭 "In order to protect our users, the Binance team conducts comprehensive and periodic reviews of each digital asset listed on our platform to ensure projects maintain a high standard of quality. In the event a coin or token falls below this quality standard, it will be subject to further review and potentially delisted", - said on the exchange's website.
Among the assessment criterias, Binance mentions:
🔸 Commitment of team to project;
🔸 Quality and level of development activity;
🔸 Network/smart contract stability;
🔸 Level of public communication and activity;
🔸 Responsiveness to our periodic due diligence;
🔸 Evidence of unethical/fraudulent conduct;
🔸 Contribution to a healthy and sustainable crypto ecosystem.
📉 What conditions were violated by the developers of the above mentioned projects, the exchange doesn't specify. Nevertheless, against the background of the announcement, all these cryptocurrencies significantly dropped in price.
✳️ For your information, until this announcement, Binance delisted cryptocurrency only once: ICO Centra token, the developers of which were accused of fraud.
❌ Binance exchange announced the first major delist of digital assets, under which Bytecoin (BCN), Iconomi (ICN), ChatCoin (CHAT) and Triggers (TRIG) cryptocurrencies will be withdrawn from the auction.
🔜 Delisting of all trading pairs with BCN, CHAT, ICN and TRIG will be held on Friday, October 12. After that the possibility of these assets' withdrawal will remain available for a month more.
💭 "In order to protect our users, the Binance team conducts comprehensive and periodic reviews of each digital asset listed on our platform to ensure projects maintain a high standard of quality. In the event a coin or token falls below this quality standard, it will be subject to further review and potentially delisted", - said on the exchange's website.
Among the assessment criterias, Binance mentions:
🔸 Commitment of team to project;
🔸 Quality and level of development activity;
🔸 Network/smart contract stability;
🔸 Level of public communication and activity;
🔸 Responsiveness to our periodic due diligence;
🔸 Evidence of unethical/fraudulent conduct;
🔸 Contribution to a healthy and sustainable crypto ecosystem.
📉 What conditions were violated by the developers of the above mentioned projects, the exchange doesn't specify. Nevertheless, against the background of the announcement, all these cryptocurrencies significantly dropped in price.
✳️ For your information, until this announcement, Binance delisted cryptocurrency only once: ICO Centra token, the developers of which were accused of fraud.
📲 Poloniex New Mobile Apps 📲
🚀 The popular Bitcoin exchange Poloniex has introduced new versions of mobile applications for iOS and Android devices, which, as the exchange promises, will offer users a better experience in cryptocurrency trading. The information was published on the official blog of Circle, the parent company of the exchange.
🔥 "We launched new mobile apps to allow existing customers to trade with a few taps of their thumb and get the benefit of Poloniex anywhere, anytime and with a high-fidelity native app trading experience", - said on the Circle's blog.
🌐 New versions of Poloniex mobile applications are localized and available in nine languages. They also offer an improved identification, verification, and login process.
⏳ Recently, Poloniex announced that by the end of the year it will deprive US users of the abilities to trade using the leverage and provide loans to margin traders through the Lending function. According to the yesterday's announcement, the exchange believes that this step will allow it to keep abreast with the evolving regulatory environment.
🚀 The popular Bitcoin exchange Poloniex has introduced new versions of mobile applications for iOS and Android devices, which, as the exchange promises, will offer users a better experience in cryptocurrency trading. The information was published on the official blog of Circle, the parent company of the exchange.
🔥 "We launched new mobile apps to allow existing customers to trade with a few taps of their thumb and get the benefit of Poloniex anywhere, anytime and with a high-fidelity native app trading experience", - said on the Circle's blog.
🌐 New versions of Poloniex mobile applications are localized and available in nine languages. They also offer an improved identification, verification, and login process.
⏳ Recently, Poloniex announced that by the end of the year it will deprive US users of the abilities to trade using the leverage and provide loans to margin traders through the Lending function. According to the yesterday's announcement, the exchange believes that this step will allow it to keep abreast with the evolving regulatory environment.
🏆 First Swiss Crypto Asset Management Licence 🏆
🥇 The Swiss Financial Market Supervisory Authority (FINMA) has granted the country's first ever cryptocurrency asset management license. The licence-holder is Crypto Finance Group based in Zug.
🔖 With this license, the company can legally provide institutional customers with services related to digital currencies, and, in fact, has equal rights with traditional asset managers.
🔥 Earlier this year, Crypto Fund AG, a Crypto Finance division, received FINMA license to launch tools for qualified investors. The new license, however, will allow Crypto Finance to launch a wider range of collective investment products related to cryptocurrencies, including funds based in Switzerland.
⏳ According to the available information, some other Swiss companies are also waiting to be attributed a similar license from FINMA. SEBA Crypto may become one of them, as it recently applied for a full range of banking services with the use of cryptocurrencies.
✳️ For your information, since last summer, Bitcoin asset management services have also been offered by Falcon Private Bank based in Zurich. In addition, this August, the private bank Maerki Baumann began working with digital assets received by customers as payment for services or earned through mining.
🥇 The Swiss Financial Market Supervisory Authority (FINMA) has granted the country's first ever cryptocurrency asset management license. The licence-holder is Crypto Finance Group based in Zug.
🔖 With this license, the company can legally provide institutional customers with services related to digital currencies, and, in fact, has equal rights with traditional asset managers.
🔥 Earlier this year, Crypto Fund AG, a Crypto Finance division, received FINMA license to launch tools for qualified investors. The new license, however, will allow Crypto Finance to launch a wider range of collective investment products related to cryptocurrencies, including funds based in Switzerland.
⏳ According to the available information, some other Swiss companies are also waiting to be attributed a similar license from FINMA. SEBA Crypto may become one of them, as it recently applied for a full range of banking services with the use of cryptocurrencies.
✳️ For your information, since last summer, Bitcoin asset management services have also been offered by Falcon Private Bank based in Zurich. In addition, this August, the private bank Maerki Baumann began working with digital assets received by customers as payment for services or earned through mining.
⚖️ China Is Waiting For Stable Coins ⚖️
🇨🇳 China needs to intensify research on stable coins and consider the possibility of supporting national institutions to release assets pegged to the yuan, of the People's Bank of China researchers think.
💲 In the article titled "A Brief Analysis of Stablecoins", the bank's researchers give an overview of recent initiatives in the area of stable coins. Most of the reviewed coins are pegged to the US dollar (e.g. Gemini Dollar (GUSD) and Paxos Standard).
💪 Researchers are convinced that the development of USD-linked cryptocurrencies strengthens the role of the US dollar in the global monetary system, while also has a negative impact on other fiat currencies.
💭 "If the U.S. dollar-pegged stablecoins can eventually be widely recognized by the market and can prove their use in the real economy, we should double down on our research efforts and learn from relevant experience to support domestic institutions to issue yuan-pegged crypto stablecoins", - the article said.
🔮 At the same time, it's noted that there's still a long way to go before stablecoins can make a real impact on worldwide economies.
🗣 A similar point of view was expressed by the OKCoin founder Star Xu, writing a post on Weibo:
"Trend of issuing a Chinese yuan stablecoin is inevitable. And OKCoin USA will participate in rolling out a regulated stablecoin".
🇨🇳 China needs to intensify research on stable coins and consider the possibility of supporting national institutions to release assets pegged to the yuan, of the People's Bank of China researchers think.
💲 In the article titled "A Brief Analysis of Stablecoins", the bank's researchers give an overview of recent initiatives in the area of stable coins. Most of the reviewed coins are pegged to the US dollar (e.g. Gemini Dollar (GUSD) and Paxos Standard).
💪 Researchers are convinced that the development of USD-linked cryptocurrencies strengthens the role of the US dollar in the global monetary system, while also has a negative impact on other fiat currencies.
💭 "If the U.S. dollar-pegged stablecoins can eventually be widely recognized by the market and can prove their use in the real economy, we should double down on our research efforts and learn from relevant experience to support domestic institutions to issue yuan-pegged crypto stablecoins", - the article said.
🔮 At the same time, it's noted that there's still a long way to go before stablecoins can make a real impact on worldwide economies.
🗣 A similar point of view was expressed by the OKCoin founder Star Xu, writing a post on Weibo:
"Trend of issuing a Chinese yuan stablecoin is inevitable. And OKCoin USA will participate in rolling out a regulated stablecoin".
Hello from CDRX once again! We hope you had a chance to check out the pinned post here, which gives a quick summary of who we are and what we do.
Just a wee update here to let you know that the private sale is now open and the we will open the whitelabelling soon for our upcoming public sale, slated for sometime in November.
Also, our official Telegram channel, @cdrxchange, is busy with quizzes, including three daily chances to win free CDRX tokens. We are also running a community rewards program with more information at @cdrx_rewards.
So don’t miss out on any of the above. Further information on us can be found in the pinned post here. We shall see you all at @cdrxchange in the meantime!
Just a wee update here to let you know that the private sale is now open and the we will open the whitelabelling soon for our upcoming public sale, slated for sometime in November.
Also, our official Telegram channel, @cdrxchange, is busy with quizzes, including three daily chances to win free CDRX tokens. We are also running a community rewards program with more information at @cdrx_rewards.
So don’t miss out on any of the above. Further information on us can be found in the pinned post here. We shall see you all at @cdrxchange in the meantime!
🎢 Asian Movements 🎢
🇯🇵 The American company Coinbase will enter the Japanese market as early as next year, says Mike Lempres, chief policy officer at Coinbase.
🤝 Coinbase is currently negotiating with the Financial Services Agency of Japan (FSA) on obtaining a license. According to Mike Lempres, the negotiation process is "going well".
💬 "We are committed to getting it done. It will certainly be in 2019", - said Lempres.
👏 The FSA takes security in the crypto field seriously and keeps the market on point. Such situation, according to Lempres, only serves Coinbase.
💎 Lempres also added that there is a great demand in the country for a reliable cryptocurrency service provider, and Coinbase is ready to take this place.
🔙 As a reminder, Coinbase announced plans to enter the Japanese market in 2016. In June, the exchange opened a branch in the country.
🇸🇬 Meanwhile, Singapore authorities intend to establish a dialogue between banks and cryptocurrency startups. Ravi Menon, Monetary Authority of Singapore (MAS) Managing Director, said that his department is going to promote mutual understanding between banks that fear the digital currency industry and cryptocurrency companies.
🗣 "The nature of this business is a bit different, so banks may need to employ other ways", - said Menon.
⚠️ He also added that this doesn't mean at all that MAS will conduct a free regulatory policy in this area. Moreover, the agency has no plans to license the activity of cryptocurrency companies yet.
🇯🇵 The American company Coinbase will enter the Japanese market as early as next year, says Mike Lempres, chief policy officer at Coinbase.
🤝 Coinbase is currently negotiating with the Financial Services Agency of Japan (FSA) on obtaining a license. According to Mike Lempres, the negotiation process is "going well".
💬 "We are committed to getting it done. It will certainly be in 2019", - said Lempres.
👏 The FSA takes security in the crypto field seriously and keeps the market on point. Such situation, according to Lempres, only serves Coinbase.
💎 Lempres also added that there is a great demand in the country for a reliable cryptocurrency service provider, and Coinbase is ready to take this place.
🔙 As a reminder, Coinbase announced plans to enter the Japanese market in 2016. In June, the exchange opened a branch in the country.
🇸🇬 Meanwhile, Singapore authorities intend to establish a dialogue between banks and cryptocurrency startups. Ravi Menon, Monetary Authority of Singapore (MAS) Managing Director, said that his department is going to promote mutual understanding between banks that fear the digital currency industry and cryptocurrency companies.
🗣 "The nature of this business is a bit different, so banks may need to employ other ways", - said Menon.
⚠️ He also added that this doesn't mean at all that MAS will conduct a free regulatory policy in this area. Moreover, the agency has no plans to license the activity of cryptocurrency companies yet.
☎️ Blockchain Calls ☎️
📲 Startup Pundi X has presented XPhone blockchain smartphone. Using the device, you can make calls without resorting to the services of centralized telecom operators. This was announced by the company's CTO and Co-founder Pitt Huang on Medium.
🚀 For the first time, the Pundi X team showed the possibilities of the blockchain smartphone and made a call using it at the XBlockchain Summit in Bali.
💎 Pitt Huang said that the transmission of data runs on a complex exchange of public and private key data and encryption but it can guarantee communication without interception and gives users direct access to the data shared by others.
👍 XPhone operates on the Function X blockchain, developed by the startup team. The Function X operating system is based on Android 9.0, therefore it compatible with Android applications.
‼️ Each device in the Function X ecosystem will act as a node with its own address and private key. As Pitt Huang claims, Function X is able to resolve scalability issues and marks a new era of decentralization on the Internet.
💰 For your information, recently it was reported that Pundi X will take part in the launch of emCash cryptocurrency in Dubai.
📲 Startup Pundi X has presented XPhone blockchain smartphone. Using the device, you can make calls without resorting to the services of centralized telecom operators. This was announced by the company's CTO and Co-founder Pitt Huang on Medium.
🚀 For the first time, the Pundi X team showed the possibilities of the blockchain smartphone and made a call using it at the XBlockchain Summit in Bali.
💎 Pitt Huang said that the transmission of data runs on a complex exchange of public and private key data and encryption but it can guarantee communication without interception and gives users direct access to the data shared by others.
👍 XPhone operates on the Function X blockchain, developed by the startup team. The Function X operating system is based on Android 9.0, therefore it compatible with Android applications.
‼️ Each device in the Function X ecosystem will act as a node with its own address and private key. As Pitt Huang claims, Function X is able to resolve scalability issues and marks a new era of decentralization on the Internet.
💰 For your information, recently it was reported that Pundi X will take part in the launch of emCash cryptocurrency in Dubai.
🚀 ZRX Is On Coinbase Pro! 🚀
✅ Coinbase Pro cryptocurrency exchange announced yesterday support for the 0x token (ZRX).
🌐 Deposits are already available. Once sufficient liquidity is established, trading will begin on the ZRX/USD, ZRX/EUR and ZRX/BTC order books. As the exchange notes, residents of most jurisdictions will be able to trade ZRX. However at the initial stage the option will not be available to the New York state residents.
‼️ Note please, ZRX support doesn't extend to the coinbase.com wallet and Coinbase mobile applications. As soon as the support is added, the company will make a statement.
📈 Against the background of the ZRX addition to Coinbase Pro, which occupies the 16th place in the CoinMarketCap rating, the token showed a sharp increase.
🔊 As a reminder, Coinbase reported the possible support of ZRX in July. Other applicants for listing were Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM) and ZCash (ZEC).
💫 For your information, at the end of September, the 0xProject team announced the launch of version 2.0 of the open protocol of the decentralized cryptocurrency exchange 0x, which is a new smart contract system in the Ethereum network.
✅ Coinbase Pro cryptocurrency exchange announced yesterday support for the 0x token (ZRX).
🌐 Deposits are already available. Once sufficient liquidity is established, trading will begin on the ZRX/USD, ZRX/EUR and ZRX/BTC order books. As the exchange notes, residents of most jurisdictions will be able to trade ZRX. However at the initial stage the option will not be available to the New York state residents.
‼️ Note please, ZRX support doesn't extend to the coinbase.com wallet and Coinbase mobile applications. As soon as the support is added, the company will make a statement.
📈 Against the background of the ZRX addition to Coinbase Pro, which occupies the 16th place in the CoinMarketCap rating, the token showed a sharp increase.
🔊 As a reminder, Coinbase reported the possible support of ZRX in July. Other applicants for listing were Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM) and ZCash (ZEC).
💫 For your information, at the end of September, the 0xProject team announced the launch of version 2.0 of the open protocol of the decentralized cryptocurrency exchange 0x, which is a new smart contract system in the Ethereum network.
📊"Analysis"📊
📈Crypto markets are seeing solid growth, with virtually all of the major cryptocurrencies seeing green as of press time. An outlier in the space is "stablecoin" Tether (USDT), which has today lost its U.S. dollar peg and is trading well below its historical trading range as of press time.
📉Tether is currently trading at around $0.96, down about 3.05 percent on the day, according to CoinMarketCap.
📈The unusual situation with Tether has had a pronounced effect on Bitcoin (BTC) prices on Bitfinex, which are currently at a premium. As of press time, Bitcoin is trading at $6,934 on the exchange.
📈Ethereum (ETH) is also up a strong six percent and is trading at around $213 at press time.
📈Ripple (XRP) is up close to eight percent at press time to trade at $0.45.
📈The remaining top ten coins on CoinMarketCap are all seeing growth. Stellar (XLM) is up around 5.4 percent to trade at $0.23, EOS is up around five percent and trading around $5.50, and Litecoin (LTC) is up three percent at about $54.93. Read more 👀
📈Crypto markets are seeing solid growth, with virtually all of the major cryptocurrencies seeing green as of press time. An outlier in the space is "stablecoin" Tether (USDT), which has today lost its U.S. dollar peg and is trading well below its historical trading range as of press time.
📉Tether is currently trading at around $0.96, down about 3.05 percent on the day, according to CoinMarketCap.
📈The unusual situation with Tether has had a pronounced effect on Bitcoin (BTC) prices on Bitfinex, which are currently at a premium. As of press time, Bitcoin is trading at $6,934 on the exchange.
📈Ethereum (ETH) is also up a strong six percent and is trading at around $213 at press time.
📈Ripple (XRP) is up close to eight percent at press time to trade at $0.45.
📈The remaining top ten coins on CoinMarketCap are all seeing growth. Stellar (XLM) is up around 5.4 percent to trade at $0.23, EOS is up around five percent and trading around $5.50, and Litecoin (LTC) is up three percent at about $54.93. Read more 👀
🇯🇵Japanese conglomerate Sony has developed blockchain-based software for controlling and dealing with intellectual property rights in a bid to resolve authentication problems in this field. The new system currently focuses on written works, but its broader applications target all related sectors, including films, music, and e-books, the company said on Monday. Read more 👀
Telegraph
Sony Turns to Blockchain for Copyright Management
Japanese electronics giant Sony has developed a new blockchain-based digital rights management system that may see commercial rollout. According to a press release from the firm Monday, the system will help manage copyright-related information for digital…
🔈Telegram to Test TON Platform "This Autumn"🔈
💡Encrypted messenger service Telegram will release a test version of its blockchain-based TON platform "this autumn", Russian media outlet Vedomosti reports Tuesday, Oct. 16.
🤔CEO Pavel Durov declined to comment when asked by Vedomosti to confirm the TON release timeframe.
💡Encrypted messenger service Telegram will release a test version of its blockchain-based TON platform "this autumn", Russian media outlet Vedomosti reports Tuesday, Oct. 16.
🤔CEO Pavel Durov declined to comment when asked by Vedomosti to confirm the TON release timeframe.
🇰🇷Chinese Crypto Exchange BTCC is Heading to South Korea🇰🇷
💬The exchange will first launch its beta services this month, with the official debut set for November.
📪BTCC, China’s first cryptocurrency exchange, has set its sights on South Korea, reportedly announcing on Tuesday that it is launching its services in the country on October 31, 2018.
💬The exchange will first launch its beta services this month, with the official debut set for November.
📪BTCC, China’s first cryptocurrency exchange, has set its sights on South Korea, reportedly announcing on Tuesday that it is launching its services in the country on October 31, 2018.
🤔Bitcoin Technical Analysis: Where next for BTC/USD?🤔
💡Bitcoin price was seen down over 1.2% through the mid point of the session on Wednesday.
⚡️Recent price stabilization and behavior suggests of another breakout may be coming.
🔔The average price prediction from 9 cryptocurrency experts, was seen at $7340 for 1 November.
📪BTC/USD price has slipped below the 50MA on the 60-minute chart view.
🔺Tight price action being observed within a range-block, just over $100 range.
💡Bitcoin price was seen down over 1.2% through the mid point of the session on Wednesday.
⚡️Recent price stabilization and behavior suggests of another breakout may be coming.
🔔The average price prediction from 9 cryptocurrency experts, was seen at $7340 for 1 November.
📪BTC/USD price has slipped below the 50MA on the 60-minute chart view.
🔺Tight price action being observed within a range-block, just over $100 range.
