Blockchain Market Update – October 3, 2018

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October 3, 2018 by
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Blockchain Market Update – October 3, 2018

Banco Santander: Will launch OnePay FX, a cross-border payments system powered by RippleNet, in more countries. For now, the mobile application is available in the U.K., Spain, Brazil, and Poland—Financial Institution

Korea Investment PartnersThe largest venture capital firm in South Korea is investing in blockchain startup Temco—Financial Institution

Accenture: A study conducted by the company indicates that blockchain tech adoption is most prevalent in the semiconductor industry. Among executives at firms with yearly revenues of at least US$0.5B, 88% of the executives in the semiconductor industry expect to have blockchain tech integrated into their organization’s systems in the next 36 months—Other

1Broker: The BTC futures firm will begin allowing users to access a read-only version of its platform, doing so after being hit with charges of violating federal law by allowing U.S. investors to trade on its platform—Financial Institution

Coinbase: In talks with Tiger Global and its existing shareholders for an investment of up to $500 million, according to people familiar with the matter. Some of that money is expected to buy out existing shareholders, though the exact figures have yet to been determined—Exchange

Brazil SEC: The CVM has authorized investment funds to indirectly put their money in the crypto ecosystem through acquisition of derivatives and foreign funds. Investment funds can now purchase shares in a foreign fund whose portfolio consists mainly of cryptos like BTC, ETH, and LTC—Regulation

Ukraine: During a speech in parliament, MP Yuriy Derevyanko urged the parliament to freeze crypto taxes until 2030, noting the need to regulate and legalize this industry, since it will become an engine for a new economy—Regulation

Petro: The controversial crypto of Venezuela to start sale starting November 5. President Nicolas Maduro pointed out that Petro will be available on six major exchanges starting October 1. Maduro did not specify which exchanges it will eventually trade in—Project Development

German ICOs: German business magazine WirtschaftsWoche compared the token issue prices of ICOs carried out by German startups with the prices of early September 2018 and found that some have lost up to 90% of their value—Other

BitMEX: Hires Angelina Kwan, former managing director and head of regulatory compliance for Hong Kong Exchange and Clearing, into the position of COO—Other

Elementus: According to the blockchain analytics firm, Singapore hosted more ICOs than the U.S. in August 2018. It appears that the increased regulatory scrutiny on ICOs in the U.S. is prompting projects to move towards more friendly environments—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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