Blockchain Market Update – October 16, 2018

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October 16, 2018 by
Blockchain Market Update – October 16, 2018

Steve Wozniak: The Apple co-founder has been announced as a co-founder of recently launched blockchain-focused venture capital fund EQUI Global—Other

Fidelity: According to CNBC, Fidelity Investments has launched a new company for its institutional clients that will trade and store digital assets such as BTC—Financial Institution

Tether: Dropped by as much as 15% as traders sold Tether and pushed the price of BTC 4.57% higher, trading BTC at a 10% premium on Bitfinex. Tether’s price change is significant for a stablecoin, which aims to stick to a $1 price point. The rush to sell Tether came after Bitfinex said it was having processing issues that caused the company to temporarily pause fiat deposits. On most exchanges, the price of USDT fell below 90 cents. Still, Tether reiterated that despite the fluctuations in price, all USDT in circulation are sufficiently backed by USD—Trading

Bithumb: Released their own decentralized exchange on Oct. 15, launched by Hong Kong-based fintech BGEX Ltd and working with blockchain service innovator OneRoot Network—Exchange

KB Financial Group: Awarded a patent for a blockchain-based fintech app security solution. KB Financial is reported to have over $342 billion in assets under management and presides over multiple overseas and domestic subsidiaries, among them KB Kookmin Bank, the country’s largest bank and also the 60th largest bank globally as of 2017—Project Development

KuCoin: Will list TrueUSD (TUSD). Deposits for TUSD are now available. Will open the TUSD market with three trading pairs: BTC/TUSD, ETH/TUSD, and USDT/TUSD. The market opened on Oct. 15; withdrawals will be enabled on Oct. 17—Exchange

Tron, Baiduv: Their partnership details have been released: TRON gets to build, operate and test blockchain products based on Baidu Cloud while ensuring compatibility and delivering an optimized development experience. Baidu’s focal point in this collaboration lies not in blockchain, but in the purchase and usage of their cloud computing resources—Project Development

Check Point: Researchers detected a near 400% increase in crypto-mining malware attacks against iPhones. The surge was seen in the last two weeks of September, when attacks against users of the Safari browser also rose significantly—Mining

PeckShield (Correction): According to the security firm, EOSBet lost 140k EOS worth nearly $800k today due to transfer hack. The EOS were sent to various exchanges: 72,150 EOS went into Bitfinex and 65,100 into Poloniex. Bitfinex has locked the stolen funds—Other

Ethereum: A bug that chain-split Ethereum’s Ropsten testnet has been identified and fixed within hours. As it was guessed, it had something to do with a new Ethereum Improvement Proposal (EIP) that adds efficiency gains to gas calculations with only Parity seemingly affected—Mining

Bakkt: Will be joined by Adam White in Nov. as its Chief Operating Officer. Adam White is the former vice-president of Coinbase—Other

Meetup.com, Longhash: According to their data, as of Oct. 14, there were 5,568 Bitcoin meetups held worldwide with approximately 1.65M members registered. They are most abundant in tech-centric areas like Palo Alto and Mountain View. Interestingly, no European city makes an appearance, while Indian I.T. hub Bangalore is the only Asian city on the top-ten list with 6,400 members—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)
$10,571.82
Ethereum (ETH)
$224.20
Bitcoin Cash (BCH)
$311.65
XRP (XRP)
$0.323972
Litecoin (LTC)
$99.78
Cardano (ADA)
$0.058723
IOTA (MIOTA)
$0.306109
Dash (DASH)
$111.29
NEM (XEM)
$0.068293
Monero (XMR)
$84.13
Stellar (XLM)
$0.088485
EOS (EOS)
$4.12
TRON (TRX)
$0.025766
Bitcoin Gold (BTG)
$27.00
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