Blockchain Market Update – October 31, 2018

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October 31, 2018 by
Blockchain Market Update – October 31, 2018

Microsoft, Nasdaq: Partnering on blockchain tech. Microsoft said its Azure blockchain services will integrate with Nasdaq’s Financial Framework, which offers software for traders, exchanges and clearinghouses to interact with each other. The partnership will create a blockchain system that helps different technologies work together for Nasdaq customers—Project Development

Coinbase: Raised $300M in a Series E funding led by New York-based Tiger Capital, will be used to accelerate global expansion and the offering of more cryptocurrencies—Project Development

Goldman Sachs: Has quietly begun signing up a limited number of clients to its yet-to-launch Bitcoin trading product. Onboarded a small number of clients to actively trade a non-deliverable forward, a cash-settled product that is comparable to a futures contract but does not trade on an exchange—Financial Institution

Binance: On Oct. 25, froze accounts that received more than 93K ETH (over $18M) from wallets indirectly linked to Russian exchange WEX. The action was taken in response to pleas from WEX users watching the location of a public wallet belonging to WEX, as they have been unable to withdraw their funds off the exchange—Exchange

USD Coin: According to Etherscan, close to 127.4M USD Coins have been issued and circulated following its Sept. debut. USDC is backed by companies such as Coinbase, Circle, Goldman Sachs and more—Other

Venezuela: Officially launched sale of Petro for fiat and crypto. It can be purchased directly from the country’s treasury via the coin’s official website or from the six crypto exchanges authorized by the government—Project Development

China: According to the China Academy of Information and Communications Technology, the Trustworthy Blockchain Promotion Plan will release the Self-Regulatory Proposal for the Blockchain Industry along with the Whitepaper of Blockchain and Supply-chain Financing on Oct 31—Regulation

Diar: According to market research group, crypto trading volume has hit a 1-year-low amid a prolonged period of low volatility and flat-to-negative price action. October’s average BTC trading volume was under $1B, a drop of 38% from last year—Other

Sirin Labs: To release a blockchain smart phone dubbed the Finny. Barcelona star Lionel Messi will be involved in the launch of the Finney phone in his role as brand ambassador for the Israeli startup. Named after the cryptocurrency pioneer Hal Finney, Sirin Labs’ device will come with price tag of $1,000—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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Ethereum (ETH)
Bitcoin Cash (BCH)
Litecoin (LTC)
Cardano (ADA)
Dash (DASH)
Monero (XMR)
Stellar (XLM)
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