Blockchain Market Update – September 21, 2018

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September 21, 2018 by
Blockchain Market Update – September 21, 2018

SEC: Announced it has begun proceedings to decide whether to approve a proposed ETF by CBOE BZX Exchange. On the other hand, they have also delayed their decision on the Van Eck and SolidX ETF, asking for more feedback despite the 1,400 comments on the matter—Regulation

IBMAccording to documents made public on Sept. 20, IBM patented a system that applies Distributed Ledger Technology for drone fleet security. IBM first applied for the patent in March 2017, the latest in its growing library of prospective blockchain applications—Project Development

Line: The popular Japanese instant messenger plans to build a token-powered ecosystem by year’s end. This follows their move into the crypto space earlier this year. The announcement was made at CoinDesk’s Consensus: Singapore Event—Project Development

Russia: According to local sources, major Russian banks have expressed their strong interest in working with crypto and blockchain during a closed-door meeting held at the Moscow Exchange—Financial Institution

Switzerland: Swiss blockchain and fintech experts to work with Israeli officials to develop regulation and present it to the Israeli government by the end of this year. As per its discussion with the Israeli authorities, Switzerland will be sharing its blockchain regulatory experience—Regulation

Brazil SEC: Investment funds regulated by the Brazilian SEC are authorized to invest directly into cryptocurrencies. They can do so through acquisition of “shares, funds, derivatives and assets traded in third jurisdictions,” as long as the regulation in those markets allows for it, according to the regulator—Regulation

Paxos Standard: The recently announced stablecoin was found to have what is effectively a backdoor for freezing and seizing crypto. This adds to the growing list of companies using backdoors on their crypto products, much to the dismay of their users—Other

Zaif: The coins have moved from Zaif’s internal accounts to outside accounts with the receiving addresses hidden. The coins from the Japanese exchange were already distributed to thousands of accounts in an attempt to dissuade tracking of the lost properties—Other

OKCoin: Listed 5 cryptos on the exchange: ZRK, XRP, ADA, XLM, and ZEC. Furthermore, investors and traders can pair these virtual currencies against Bitcoin, Ethereum and USD—Exchange

Security Token Academy: The organization, which focuses on covering and facilitating the evolution of the security token industry, announces that Merrill Lynch, Securrency, Prime Trust and other top blockchain companies have signed on as Corporate Members of the Security Token Academy, and will be the sponsors of the upcoming Security Token Industry Launch Event in October—Other

Enigma: The startup that seeks to bring privacy to public blockchains is delaying launch of its mainnet as part of a wider reworking of its developmental roadmap. According to their blog post, their plans have changed in the interest of building out the Enigma ecosystem and continuing to work with the project’s stakeholders.

Cyber Threat Alliance: They reported a 459% increase in the rate of illegal cryptojacking, where hackers hijack computer processing power to mine crypto. The surge is attributed to the leak of EternalBlue, a tool used to exploit vulnerabilities in Windows-based systems. Windows and the NSA both have their share of the blame for the leak, which occurred in April 2017 when a group calling themselves the Shadow Brokers put a packet of stolen NSA tools on the market—Other

Circle Invest: Adds support for EOS, XLN, 0x (ZRX) and Qtum. The digital payment and crypto service company now supports 11 different crypto assets. They help users acquired a diversified crypto portfolio in a single tap on the app—Financial Institution

WEX: The BTC premium in the Russian exchange exceeds $1,800, currently marking BTC price as $8,225. For reference, BTC on Binance shows up as $6,432—Exchange

Charlie Lee: The creator of LTC defends the coin from the FUD spread by rumour mongers. Lee was responding to an explosive report from crypto hedge fund Multicoin Capital which, among other things, said that LTC was “significantly overvalued” and a “relic” from an earlier period of cryptocurrency development. Lee retorts with LTC being secure, because it uses the Scrypt mining algorithm; it is far from obsolete, with the Lightning Network supporting LTC for fast transactions—Other

Fidelity Investments: The finance behemoth will likely announce its projects before 2018 ends. According to their CEO, the company already has a dedicated team working on several crypto and blockchain products. They have already announced that they would provide their customers with access to BTC Exchange-Traded Notes offered by XBT Provider—Financial Institution

Binance: Also in a hiring spree, hiring 50 new employees for its headquarters in Malta. In total, they employed nearly 300 people across 39 countries and is targeting additional staff across operations, compliance, and customer service—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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