Blockchain Market Update – September 28, 2018

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September 28, 2018 by
Blockchain Market Update – September 28, 2018

Goldman Sachs: According to several sources, most notably ICO Journal, Goldman Sachs has been exploring the creation of a client offering based on Ethereum futures in the way of a ‘non-deliverable forward’, much like the NDF Bitcoin product they are offering clients at the moment—Financial Institution

U.S.: An effort by U.S. Congress to launch a task force investigating cryptos is gaining traction. House Resolution 5036, a bill hoping to establish the “Independent Financial Technology Task Force to Combat Terrorism and Illicit Financing,” was referred to the House of Representatives for consideration—Regulation

Swiss Crypto Bank: SEBA Crypto AG, a Switzerland-based startup company run by ex-UBS bankers, said it raised $103 million as it seeks to become one of the world’s first regulated banks where consumers can easily swap dollars and euros into cryptocurrencies.

SEC: On Sept. 27, the SEC filed charges against an international securities dealer for allegedly violating the federal securities laws. According to the SEC’s complaint, CEO Patrick Brunner solicited investors from the United States and around the world to buy and sell security-based swaps. Investors could open accounts by simply providing an email address and a user name and could only fund their account using BTC —Regulation

Italy: Will enter the European Blockchain Partnership, as confirmed by a local Prime Minister—Regulation

BANKEX: The blockchain-based cryptocurrency storage solution with no minimum deposit limit is now available to all users. Along with BTC, BCH, ETH, and LTC, BANKEX Custody Service will accept BKX and other ERC-20 tokens—Project Development

ChinaReport concludes that 10% of China’s middle class has invested in crypto, coinciding with the growing popularity of cryptocurrency in China despite the government’s ban. Although there is interest in crypto among the middle class, it is currently the least popular investment when compared to private equity, cash savings, precious metals, and funds—Other

Coinbase: Launches three new pages: Coinbase Bundle, Informational Asset Pages, and Coinbase Learn. Coinbase Bundle is a market-weighted selection of the five cryptos available to buy and sell on Coinbase. Informational Asset Page shows top 50 crypto by market cap,  including many that are not currently available to buy or sell on Coinbase. Coinbase Learn is a new section of the Coinbase website to educate people who are new to cryptocurrency, answering some of their basic questions.

SingularityNET, UNESCO: Joins forces to teach children about the developments and scope of emerging technologies, including the blockchain and machine learning, among others. The two entities will now work in unison as a part of the fourth United Nations Sustainable Development Goal—Other

Bitnovo: The debit card issuer launched support for BCH starting September 27. Users of Bitcard and N26 Account can now replenish their cards or accounts with BCH—Project Development

Weiss Ratings: Among the huge losses sustained by the crypto market, only three cryptocurrencies managed to keep their buy (B) rating, namely XRP, EOS, and ADA—Trading

Greenpages.cash: The community-maintained BCH merchant directory that launched last week has added over 250 merchants to its listing—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.

Name Price
Bitcoin (BTC)
$3,668.08
Ethereum (ETH)
$123.26
Bitcoin Cash (BCH)
$129.99
XRP (XRP)
$0.328371
Litecoin (LTC)
$31.74
Cardano (ADA)
$0.044757
IOTA (MIOTA)
$0.315839
Dash (DASH)
$72.44
NEM (XEM)
$0.057354
Monero (XMR)
$45.56
Stellar (XLM)
$0.108501
EOS (EOS)
$2.50
TRON (TRX)
$0.025119
Bitcoin Gold (BTG)
$11.84
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