Blockchain Market Update – October 17, 2018

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October 17, 2018 by
Blockchain Market Update – October 17, 2018

Tether: Now holding reserves at Bahaman-based Deltec Bank, according to several people familiar with the situation, with the banking relationship between the two struck in recent weeks. Previously, Tether was banking with Puerto Rico’s Noble Bank, but Noble Bank lost both Tether and Bitfinex as its clients—Project Development

Bitfinex: Shifted their banking business to Hong Kong-based Bank of Communications, through the private account “Prosperity Revenue Merchandising Limited”—Project Development

Huobi: The fifth-largest crypto exchange lists four new USD-backed stablecoins: Paxos Standard (PAX), TrueUSD (TUSD), USDCoin (USDC), and Gemini Dollar (GUSD). They are now available on Huobi Wallet, with the launch dates and other details to be announced at a later time, including the detailed release plans for their OTC trading of the stablecoins—Exchange

Monero: The community is preparing for a scheduled hard fork containing updates to range proofs and changes to the mining software, ensuring that ASIC resistance is kept up. The Monero hard fork is scheduled at block height 1685555, approximately on Oct. 18—Project Development

tZero: The blockchain company announced on October 16 that it has completed the issuance of preferred tZERO security tokens. Tokens were issued to investors who had fully funded signed agreements for future equity prior to the August 6, 2018 close of the company’s Security Token Offering (STO). tZERO has raised $134 million from over 1,000 global investors during its STO—Project Development

LINE: The Japanese messaging app provider announced that its LINK token (LN) is now tradeable on its native BITBOX crypto exchange, making it available for trade against BTC, ETH, and USDT—Project Development

Kind Heaven: The entertainment experience opening next year on the Las Vegas strip announced its selection of NEM as its blockchain partner. They will integrate blockchain tech using the NEM platform, with Asta as its official development partner—Project Development

Fabric Ventures: According to the report of the VC fund, Europe has surpassed U.S. and Asia in ICO fundraising, raising over $4.1B in 2018 alone. Asia so far has raised $2.3B and the U.S. raised $2.6B—Other

NEM Foundation: To open Melbourne blockchain hub, primarily to educate startups and enthusiasts about the myriad benefits of blockchain technology and digital currencies—Other

Civil Media: Their plans for blockchain-based journalism is set back due to their failing to reach their $8M crypto funding goal. The tokens sold through the sale were supposed to be used to create the foundation of an economy that would have powered the company’s model for journalism—Project Development

“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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