Crypto News Summary- September 20 🔹 General News: 💥 Crypto community jumps on EA Sports’ ‘Crypto’ tweet 📱 Verizon awarded patent for Blockchain-based virtual SIM cards 🚀 CME Group to launch options on Bitcoin Futures in Q1 2020 🇺🇸 US Congress schedules Sept. 24 hearing with SEC — Crypto on the Agenda 🇮🇷 Iran considers new system of annual registration for Crypto miners 🇸🇬 Singapore bank giant OCBC joins JPMorgan’s Blockchain network 🧬 Nebula Genomics launches Blockchain-based DNA sequencing 🔹 Exchanges: ➕ Coinbase to add support for Telegram and 16 other digital assets ↕️ Seed CX exchange cuts trading fees to gain market share 🔥 Binance will list Beam and open trading at 2019/09/21, 12:00 PM UTC 🔹 Misc: ⬆️ Bitcoin ATM installations up 500% since 2016 🇰🇬 Kyrgyzstan cuts off power to 45 Crypto miners for Overconsumption 💡 Did you know 🇺🇸 For a fourth straight day, the New York Federal Reserve Bank today will inject another 75 billions into US money markets, totaling more than $275 billion in four days. Bitcoin's total supply remained the same over the same period of time, and will never change. 🔹 Cool tech fact: Ubuntu is one of the more popular distributions of Linux. The word Ubuntu comes from an African word meaning “I am because of you”. 💬 Quote of the day: "Even if you fall on your face you’re still moving forward."— Victor Kiam 🔹 Brought to you by @GainsANN
Since 2016, crypto-exchanges in South Korea have been hacked 7 times, with hackers stealing $99 million. Learn more and discover other news of the crypto market in the analytical report of the Golden Island private club.
We present to you a report filed by our analysts for October 8–14. The main market events on October 8–14, 2018
IBM food trust blockchain platform has been launched. Tech giant IBM announced the start of a commercial use of the IBM Food Trust blockchain platform based on the Hyperledger Fabric protocol. The platform will monitor the supply chains in the food industry. The European retail giant Carrefour, which operates 12,000 stores in 33 countries, has already joined the network.
The blockchain research lab at the China Electronics Standardization Institute is developing three blockchain standards for smart contracts, privacy and deposits that could be used in international practice.
Bitfinex denied rumors of insolvency and published links to cold wallets, which hold nearly $1 billion in bitcoins, $400 million on the ether and $200 million in EOS.
Binance will now spend all listing fees on charity. The amount of donations is up to the project.
Since 2016, crypto-exchanges in South Korea have been hacked 7 times, with hackers stealing $99 million. From 2015 to 2018, personal crypto wallets were hacked 158 times, but only in six cases hackers were caught, according to South Korean police.
For the first time, the Swiss Financial Market Supervisory Authority issued a license for managing crypto assets, which effectively grants the company the status of a traditional bank. The license was issued to Crypto Finance Group.
By the end of this year, the European Securities and Markets Authority will prepare a report stating its position on the regulation of token sales. At the same time, the ICO activity dropped by 90%, according to Autonomous Research report. This September, token sales raised $300 million, and this January — $2.4 billion.
In the next 5 years, the Central Bank of Azerbaijan, together with IBM, will introduce the blockchain into the wired payment system of the country and create a digital identification system.
Roger Ver said he was looking for a partner to launch his own crypto-exchange. He may also purchase a ready-made platform. Bitcoin Cash will be the main currency on the new exchange.
Google believes that the main critics of Bitcoin — Warren Buffett, Jamie Dimon and Roger Ver — are the CEOs of Bitcoin. If you google “bitcoin ceo”, a search engine will show Bitcoin’s so-called CEOs — head of JPMorgan Chase Jamie Dimon, head of Berkshire Hathaway Warren Buffet and one of the main evangelists of Bitcoin Cash and Bitcoin.Com CEO Roger Vera.
The People’s Bank of China believes that the stablecoins tied to the US dollar have a bad effect on the currencies of other countries. The bank urges to issue stablecoins tied to the yuan :-D
MasterCard files a patent for a blockchain system designed to store different currencies on the same platform by generating blocks for an exclusive network. This network stores different types of data in different blocks.
The US government imposed additional sanctions on Venezuela because of its national cryptocurrency. The developers of El Petro consider this free advertising.
Coinbase aims to enter the Japanese market next year. The company is already negotiating the license matters with the Japan Financial Services Agency.
In November, South Korea might lift the ban on ICO. This will be discussed at a meeting of the country’s regulators, where they will review the results of the September ICO study and pass a decision.
The first ever phone call through the blockchain was made from the Pundi X startup device called XPhone. The phone runs on Android and allows the user to exchange calls, messages and files.
The Singapore-based BK Global Consortium, which provides services in the field of surgery, bought 38% of the Bithumb stock exchange for 400 billion won ($350 million), making it the largest shareholder of the stock exchange.
Starting from 2019, the UAE companies will be able to officially launch ICO to raise capital. The Securities and Commodity Board will now treat crowdsales as the issue of securities.
The international payment systems (MPS) will take more stringent measures against cryptocurrencies: MasterCard will ban them starting on Monday, Visa — in December.
The new Minister of Science and Technology of Japan promotes active introduction of blockchain technologies.
As part of the emCash cryptocurrency launch campaign in Dubai, the payment startup Pundi X has made an agreement with emCredit — the credit department of the Dubai Ministry of Economic Development. This was shared in the company’s blog.
Market analytics from experts of the club for October 8–14, 2018
The last week was controversial. On the one hand, everything went according to plan: the price of BTC was growing very slowly, the altcoins skyrocketed, on the other hand, it was clear to everybody this could not last for a long time. In the middle of the week, the expectations became reality — BTC lost about $300 in price within an hour. This time, the total cap failed to observe the periodicity — it dropped by $17 billion on Thursday and remained at this level until the end of the week. Thus, $219 billion on Monday turned into $202 billion by the end of the week. Trading volumes were not particularly surprising: $12 billion on Monday, $16 billion on Thursday and $9 billion on Sunday. BTC dominated the market at 52–53% and up to 57% in the days of decline, followed by a reversal. The price for 1 BTC, as already mentioned, fell from $6,600 to $6,270 in the middle of the week, and recovered a bit to $6,330 at the end of the week ($6332 at the time of the report). There were no critical news, no far-fetched correlations with stock markets, and no fundamental reasons for such a decline. Most traders were happy with the current situation — the “pumps” of coins occurred every day. Top 10 coins showed complete correlation with the BTC price. In addition, intra-team and intra-project relations in the crypto-societies have strained, which was followed by a number of break-ups and heated public debates. There is a high chance that tycoons and market makers are trying to impose a thought that cryptocurrencies have no future. The advice is simple — to keep and purchase more strong coins, get rid of the weak ones and keep calm. The big gains are right round the corner!
Changes in the cost and capitalization of the TOP-10 cryptocurrencies in the period of October 8–14, 2018
TOP-3 growing coins from the long-term portfolio for October 8–14, 2018 (including portfolio updates) The fastest-growing coins during the last week are WaBi coins + 42% (a number of articles and ensuing pumps), IOTEX IOTX + 35% (partnerships), QuarkChain QRC + 20% (meetups and events in social networks)
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It’s worth recalling that JPMorgan Chase’s CEO Jamie Dimon is a fervent opponent of Bitcoin. Commonly referred to as “Crypto-hater of the year” in 2017, he has often called the cryptocurrency a “fraud”, a “bubble that will blow up” and goes as far as to threaten to fire any employees caught trading on Bitcoin for being “stupid”. JP Morgan once again caused a bit of an upheaval within cryptocurrency circles last week – this time with the publication of their peer-to-peer (P2P) payments network patent application based on distributed ledger technology, like blockchain. Some crypto enthusiasts branded the move as “hypocrisy to the extreme.” The criticism is not unfounded but perhaps not accurate. JP Morgan outlines a system that would use blockchain to keep track of payments sent between financial institutions. The International Business Times reports that JP Morgan’s long-rumored bitcoin clone, informally dubbed “web cash,” has once again been denied a U.S. patent.The system, described as a “method and system for processing internet payments using the electronic funds transfer network,” was originally submitted for patent consideration in August of last year. JP Morgan’s filing for a patent based on DLT does not mean they are now Bitcoin supporters. JP Morgan once again caused a bit of an upheaval within cryptocurrency circles last week - this time with the publication of their peer-to-peer (P2P) payments network patent application based on distributed ledger technology, like blockchain.. Some crypto enthusiasts branded the move as “hypocrisy ... U.S. Patent and Trademark Office revealed this week JP Morgan Chase applied for a patent related to blockchain back in October of last year. It’s quite the turnaround for the bank, which has been on record as one of bitcoin’s and cryptocurrency’s biggest critics. Velcroman1 writes "Banking giant JPMorgan Chase has filed a patent application for an electronic commerce system that sounds remarkably like Bitcoin — but never mentions the controversial, Internet-only currency.The patent application was filed in early August but made publicly available only at the end of November; it describes a 'method and system for processing Internet payments using the ... JPMorgan has an entire division within the company that focusses on wholesale car financing, which filed a patent for an application described as a distributed ledger that enables the company to keep track of the line of credit that allows car dealers to borrow against retail inventory. Craig Wright to go against JP Morgan in a patent conflict. Bitcoin SV (BSV) lead developer, Craig Wright has come out claiming that he had already patented what JP Morgan intends to do with the ... Join the cryptocurrency future and trade your favorite coins on Binance! This year alone, several major companies applied for Blockchain-related patents. Like any other patent, a blockchain patent is a strict form of legal protection over an invention and the intellectual base of that invention. It’s a legal means for inventors to prevent others from making use of their invention. According ...
KryptoSeoul News EP10: JPM adds crypto customer, Klaytn x Celo Alliance, Binance invest in Indonesia
They don't want you to know what goes on behind the scenes. Let's get into it. If you'd like to skip the education on Bitcoin's value and go right to the good part skip to 3:21. Follow us on ... KryptoSeoul News EP10: JPM adds crypto customer, Klaytn x Celo Alliance, Binance invest in Indonesia TOPIC #1 : JP Morgan Bank 1. JPMorgan Extends Banking Services to Bitcoin Exchanges My Second Channel: https://www.youtube.com/channel/UCvXjP6h0_4CSBPVgHqfO-UA ----- Supp... http://bitcoin-informant.de/2019/07/12/660-binance-bitcoin-margin-tradingtrump-kein-fan-von-bitcoin-jp-morgan-drogenschmuggel-schiff Hey Krypto Fans, willkom... ! Remember to subscribe and hit the bell "" icon, so you don't miss your daily cryptocurrency news! Become A Patron! ⭐ On Patreon - https://goo.gl/vpX5sW ⭐ On YouTube - https://bit.ly/2I4omX2 ... Bitcoin (BTC) Update! Blick auf die Charts und die News des Tages! 💰 $90 Bonus bei ByBit sichern: https://www.bybit.com/app/register?affiliate_id=1873&langua... This video is unavailable. Watch Queue JPMorgan's turbulent relationship with bitcoin appears to be rapidly softening after the bank added its first crypto exchange customers and Dimon reportedly ... But, Binance has overtly claimed that this might not be the case. But first, here’s a ditty about JP Morgan’s first notable crypto-centric product. Per comments from Umar Farooq, the Wall ... NEW CHANNEL: https://www.youtube.com/channel/UCH9HlTrjyLmLRS0iE1P4rrg ----- Amazon Affiliate Link - (If You Buy Somethin...