Blockchain Market Update – October 12, 2018

Home » Blockchain » Blockchain Market Update – October 12, 2018
October 12, 2018 by
Blockchain Market Update – October 12, 2018

Bithumb: One of the largest crypto exchanges in South Korea will sell 50% of its equity worth $352.17M to a Singapore-based financial group, BK Global. BK aims to develop a blockchain-based digital payment system with less commission fees and expand Bithumb’s crypto trading services by adding stable coins—Other

GMEX, Demand Derivatives: Will launch U.S.-regulated futures exchange: RealDemand Board of Trade (RealBOT), and a clearing house: RealDemand Clearing (RealClear). They are looking to open in 2019, subject to CFTC and SEC approval. GMEX will also take a minority equity stake in Demand Derivatives to further align both their interests—Financial Institution

U.S. SEC: Hundreds of startups are reportedly being secretly investigated by the SEC for their involvement in ICOs. Companies that participated in ICOs are now scrambling to clarify whether their token constituted a security, and whether it was properly registered with or exempted by the SEC. The agency has subpoenaed many companies, focusing on those that failed to properly ensure they sold their token exclusively to accredited investors—Regulation

Ripple/Earthport: Partnered with Belgium’s largest bank BNP Paribas through its subsidiary BNP Paribas Fortis. BNP Paribas’ partnership with Earthport would enable them to gain access to Earthport’s payments network which offers lower cost and transparent international payments—Financial Institution

Blockfolio: Completed a Series A financing round of $11.5M. The round was led by Pantera Capital and includes a group of premier investors like Bitmex and Huobi. Blockfolio is committed to connecting crypto investors, token projects, and exchanges through data and information—Project Development

Coinbase Index Fund: Is shutting down due to weak interest from investors since it launched earlier this year. As part of its institutional-focused products, Coinbase first launched its in-house index fund in June, opening its doors for accredited investors willing to allocate a minimum of $250 thousand to up to $20 million to this fund. The fund was open to investments from U.S. resident accredited investors only—Trading

U.S. FinCEN: The United States Financial Crimes Enforcement Network issued an advisory warning financial institution of attempts by Iran to disrupt the financial system. The statement outlines several ways in which Iran is abusing the financial system to avoid sanctions, including the use of cryptocurrencies—Other

Coinbase Pro: Now accepts deposits for ZRX. Once sufficient liquidity is established, trading will begin on the ZRX/USD, ZRX/EUR, and ZRX/BTC order books. ZRX trading will be accessible for users in most jurisdictions, but will not initially be available for residents of the state of New York. ZRX is not yet available through the coinbase.com website and in the Coinbase iOS and Android apps—Trading

Poloniex: The exchange welcomes the Decentraland and MANA token into their ecosystem—Exchange

Bitfinex: Wire deposits for USD, EUR, JPY, GBP has been temporarily suspended. They are expected to resume in a week—Exchange

“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.

Name Price
Bitcoin (BTC)
$5,425.85
Ethereum (ETH)
$162.71
Bitcoin Cash (BCH)
$270.76
XRP (XRP)
$0.298237
Litecoin (LTC)
$71.87
Cardano (ADA)
$0.069713
IOTA (MIOTA)
$0.283276
Dash (DASH)
$112.69
NEM (XEM)
$0.057725
Monero (XMR)
$65.16
Stellar (XLM)
$0.101756
EOS (EOS)
$4.66
TRON (TRX)
$0.023026
Bitcoin Gold (BTG)
$15.87
© Copyright 2018. HybridBlock News.