Blockchain Market Update – October 1, 2018

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October 1, 2018 by
Blockchain Market Update – October 1, 2018

Bank of Communication: The Chinese bank has issued residential mortgage-backed securities (RMBS) worth 1.3 billion USD, as reported by China Money Network—Financial Institution

Zebpay: India-based crypto exchange Zebpay announced that it is currently shutting down. According to their latest blog posted on Medium, the recent past has been extremely difficult for the exchange as the curb on bank accounts has crippled their and their customers’ ability to transact business meaningfully. At this point, they are unable to find a reasonable way to conduct the cryptocurrency exchange business and have to stop their trading services—Exchange

Analyst Willy Woo: The crypto researcher and analyst tweeted that 35% of on-chain outputs is traffic to and from exchanges. It means that one-third of BTC trading involves exchanges. He says that this is because BTC is purely a speculative tool and dominates trading capacity; BTC is becoming a store of value—Other

XRP Capital: Michael Arrington announced that his venture capital firm has decided to move out of the US and relocate to Asia after the SEC sent two subpoenas to XRP Capital—Regulation

Huobi: Denies involvement in alleged EOS voting manipulation and collusion that emerged last week. The allegation of collusion among EOS block producers (BPs) comes firmly on the heels of news that four senior executives recently resigned from—Other

GPU Mining: Because of U.S. ongoing trade war with China, GPUs are hit with additional tariffs. It is expected that GPU mining costs are to go up while ASIC mining are expected to remain unaffected—Mining

Chainalysis: Revealed 36% of BTC in circulation is lost, likely lost, or unmined. The percentage of BTC held by speculators is 22%, while investors accounted for a steady 30%.—Other

South Korea: Seeing a boom in local authority-issued digital fiats, with 65 municipalities in the country planning to launch tokens in the near future—Project Development

MaltaFew weeks away from hosting a landmark event for the blockchain and cryptocurrency industry: the Malta Blockchain Summit 2018, which is scheduled for November 1-2—Other

Li Xiaoli: The BitFund founder and widely recognized Chinese billionaire BTC investor states he will personally move away from the blockchain and ICO space. He has not disclosed his reasons, but it is assumed that China’s crackdown on ICOs and the increase of scams in the blockchain market fueled his Li’s decision—Other Along with other partners, announces a $1B investment into EOS Venture Capital. The funds will go to the hands of developers and the community to bolster the EOS ecosystem—Project Development

BitTorrent: To offer TRX as inventive for seeders. This follows the acquisition of BitTorrent by Tron—Other

“B2B reporter – Content Manager – Contributor – Fintech – Blockchain – Cryptocurrency”

Simon Chou is a B2B reporter and content manager specializing in technology and finance. He has worked with many clients in the fintech and blockchain space. He holds investment positions in bitcoin and other large-cap cryptocurrencies, and has been reporting on cryptocurrency since 2017. Currently, Simon is the content manager for a major cryptocurrency exchange @HybridBlockHQ.

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