Blockchain Market Update – October 4, 2018

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October 4, 2018 by
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Blockchain Market Update – October 4, 2018

TD Ameritrade: Invested in a brand new crypto exchange, ErisX. It will allow trading of BTC, BCH, ETH, LTC, BTC Futures, and certain crypto futures. The exchange, built by derivatives market provider Eris Exchange LLC, is also backed by DRW Holdings and Virtu Financial. The futures contracts traded by the exchange will be physically delivered, not cash-settled.—Exchange

Gemini: Obtained insurance coverage for the digital assets it holds in custody, making use of the service set up by global professional services firm Aon. Gemini’s digital insurance coverage will complement the already available FDIC-insured U.S. dollar deposits.—Exchange

BinanceInvested $2.5M in Australian start-up TravelbyBit, aiming to launch crypto payments across airports globally. TravelbyBit will use the new funds to introduce new point-of-sale payment systems powered by blockchain tech, to be installed at major airports around the world—Project Development

trueDigital: Will launch the first margined, physically-delivered BTC swap contract, enabling institutional investors to manage exposure to BTC similar to how they currently trade and hedge interest rates, foreign exchange and commodities. The derivatives contracts have been self-certified by affiliate trueEX’s CFTC-regulated swap execution facility (SEF), and will be listed on its exchange subject to SEF rules after a ten-day self-certification period—Financial Institution

Poloniex: The U.S. Based crypto exchange platform will remove margin and lending products for its customers in the U.S. by year’s end and will delist three digital assets on October 10: Synereo (AMP), Expanse (EXP), and Gnosis (GNO)—Exchange

Tel Aviv University: Moshe Hogeg, co-founder and CEO of blockchain company Sirin Labs, partners with Tel Aviv University to establish the first blockchain research institute—Other

Brazil: The country’s Administrative Council for Economic Defense (CADE) sent 10 crypto exchanges and an OTC trading desk a questionnaire they have to answer by Oct. 19, or face a fine that could reach up to $25K. The regulator asks exchanges to detail the measures they’ve adopted to prevent money laundering, terrorism financing, or organized crime. It also asks their know-your-customer checks and whether they’ve refused to serve clients before—Regulation

NEM: The asset management platform partners with OATH Protocol. OATH Protocol is a project focused on building a protocol that is decentralized, standard, and public chain-agnostic. It is aimed at protecting user’s rights and assets on the ecosystem—Project Development

Petro: Appears to be a “blatant” copy of DASH, seeing as it has the same mining algorithm, similar features, and part of its whitepaper appears to have been lifted from DASH itself. It even uses an image that is directly copied from DASH’s GitHub repository—Project Development

Bitfinex: To go under planned infrastructure maintenance on October 4, 2018 between 6:00 AM UTC and 6:00 PM UTC. The exact timing of the maintenance update will made public 30 minutes prior to the start of the update. Traders should expect a service interruption of roughly 2 hours while this maintenance is being performed—Exchange

Abra: The crypto wallet provider is launching a new token, the Bitwise 10 Crypto Index Token (Bit10). It tracks the top 10 crypto by market capitalization and, upon purchase, allows to invest in all 10 cryptos at once—Trading

Zaif: According to Japan’s Financial Services Agency, Zaif’s compensation has been delayed, three weeks after the initial hack. Zaif says that details on the matter are still being considered—Exchange

“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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