Blockchain Market Update – October 15, 2018

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October 15, 2018 by
Blockchain Market Update – October 15, 2018

Nasdaq: The giant U.S. exchange operator is plotting a new platform dedicated to tokenized securities. The move would enable projects to offer Security Token Offerings (STOs) in a regulated environment while compliant to U.S. law. It is believed that Nasdaq is in talks with blockchain firm Symbiont to create its own platform that would enable tokenized securities to be listed and traded—Financial Institution

Ethereum: Lack of miners in the newly released Constantinople upgrade on the Ropsten test network caused a standstill in the network. Release manager Afri Schoedon notes that although Constantinople was released to Ropsten, miners failed to upgrade their software, and the entire network couldn’t move past block 4,299,999—Mining

SV Pool: The mining operation mined its first BCH block on Oct. 10, just over a month left until the BCH network upgrade is scheduled. There is still disagreement between Bitcoin ABC developers and the team behind Bitcoin SV, who wants to upgrade the block size limit to 128 MB this Nov. and continue increasing the limit over time—Mining

Maker Dai: The stablecoin becomes the first cross-chain ERC-20 token after entering beta testing on Wanchain. The Dai token uses Wanchain’s cross-chain functionality to allow for BTC to be exchanged for Dai in a fully decentralized manner. This functionality could allow Bitcoin to be added as a form of collateral for the Dai stablecoin—Project Development

Hong Kong: The Securities and Futures Commission (SFC) is exploring ways to regulate the various crypto trading platforms already operating in the city and tighten investor protection. But the SFC is technically restricted by its legal regulatory reach of securities only. “We do not think imposing a total ban on these platforms is necessarily the right approach, and it will not work in today’s internet world when trading can cross national boundaries,” said outgoing chairman Carlson Tong Ka-shing—Regulation

Barclays: Halted work on their cryptocurrency trading project, according to two people familiar with the situation. Barclays declined to comment on this statement—Project Development

Spring Labs: Gary Cohn, former chief economic advisor to U.S. President Trump, joins the blockchain startup, whose aims is to develop a blockchain network for sharing financial data. Cohn is joining Spring Labs as part of its Board of Advisors—Project Development

Christie’s: The auction house announces a pilot scheme to use blockchain for auction data. Its partnership with blockchain art startup Artory reveals that Christie’s will use the technology to provide details and certificates of purchases to buyers—Project Development

Tron: (Unconfirmed) Claims to have partnered with China’s IT giant Baidu, which will be officially revealed by Baidu Cloud next week—Project Development

World Bank Group: The president of the group, Jim Yong Kim, stated that distributed ledger technology (DLT) has “huge potential” and that the bank should keep pace with innovative technologies, noting that “there are innovations in the technological world that can help us leapfrog generations of bad practice, generations that would take forever in terms of reducing corruption.”—Other

U.K.: Crypto regulations could take 2 years, according to Jeff Kaufmann, Legal Director at British law firm Reynolds Porter Chamberlain (RPC). He also notes that past precedents show that even minor changes to the current regulatory regime can take years—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.

Name Price
Bitcoin (BTC)
Ethereum (ETH)
Bitcoin Cash (BCH)
Litecoin (LTC)
Cardano (ADA)
Dash (DASH)
Monero (XMR)
Stellar (XLM)
Bitcoin Gold (BTG)
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