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Cryptocurrencies continue losing streak while Bakkt announces physical Bitcoin futures product

Sep 25, 2018

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Top 5 Cryptocurrencies sorted by 24 hour Volume

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Name Ticker Price 1H %Chg 24H %Chg 7D %Chg Market Cap Volume
Bitcoin BTC USD$6388.19 0.01% -3.75% 0.46% USD$110,439,605,529 USD$4,501,790,411
Ethereum ETH USD$211.09 0.73% -10.11% 0.42% USD$21,570,343,433 USD$2,027,856,362
XRP XRP USD$0.45 -0.38% -14.32% 39.65% USD$17,846,977,110 USD$1,197,115,409
EOS EOS USD$5.41 1.75% -5.87% 6.0% USD$4,903,496,288 USD$843,039,425
Bitcoin Cash BCH USD$430.71 0.23% -8.26% -1.27% USD$7,480,621,980 USD$398,732,614

Top 5 Cryptocurrencies sorted by 24 hour Price Percent Change

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Name Ticker Price 1H %Chg 24H %Chg 7D %Chg Market Cap Volume
IOTA MIOTA USD$0.56 4.35% -2.51% 4.4% USD$1,549,642,837 USD$29,226,741
Litecoin LTC USD$56.41 0.81% -3.73% 4.14% USD$3,297,168,602 USD$330,734,783
Bitcoin BTC USD$6388.19 0.01% -3.75% 0.46% USD$110,439,605,529 USD$4,501,790,411
Monero XMR USD$113.8 0.62% -3.92% 1.31% USD$1,870,560,130 USD$30,667,526
Ethereum Classic ETC USD$10.68 0.66% -4.43% 0.38% USD$1,119,613,496 USD$156,353,670

Crypto News

  • Bakkt, a cryptocurrency platform launched by Intercontinental Exchange (ICE), announced the platform’s first offering will be physical Bitcoin futures. These physically delivered Bitcoin futures contracts will be against three fiat currencies – the U.S. Dollar, British Pound Sterling, and the Euro. ICE also operates the New York Stock Exchange.  
  • Four early employees of Hong Kong cryptocurrency company, Block.one, have left in order to launch StrongBlock, a blockchain project that not much is known about. David Moss, Thomas Cox, Brian Abramson, and Corey J. Lederer were the second, third, fourth, and fifth employees of the notable blockchain company that created EOS.  
  • Google has announced that it will update its advertising policy to allow ads from cryptocurrency exchanges after it banned all crypto related ads in March. The ad policy change will take effect at the beginning of October. Google was careful to specify that ads related to initial coin offerings, crypto wallets, and crypto trading advice were still banned.  
  • Japan’s Financial Services Agency (FSA) issued a third business improvement order to Zaif, the Japanese crypto exchange that was hacked earlier this month. Prior to the exchange getting hacked for roughly 6.7 billion yen (USD$59.7 million) of crypto assets, Japan’s FSA issued two other business improvement orders to CEO, Tech Bureau, with the first coming in March 2018 and the second coming in June 2018.  
  • JP Morgan announced today that it has expanded its blockchain payment platform to include over 75 multinational banks. Societe Generale and Santander are among the major financial institutions to join JP Morgan’s Interbank Information Network, which has been in development since October 2017. The goal of the Interbank Information Network is for financial institutions to combine efforts in fighting off competition from outside the banking sector.  
  • Nobuaki Kobayashi, the trustee of defunct crypto exchange, Mt.Gox, released a statement today indicating that he liquidated close to 26 billion yen ($230 million) in Bitcoin and Bitcoin Cash in just four months. The selloff began around March 7, 2018 and Mr. Kobayashi sold his Bitcoin for an average of roughly USD$8,111 each and his Bitcoin Cash for about USD$1,195 each.  
  • Swap.Online announced the release of its decentralized program on the mainnet that will feature a built-in wallet and a service for atomic swap exchange between BTC, ETH, and ERC-20. The team also announced that it had successful performed the first atomic swap between EOS and Bitcoin blockchains on their testnet and mainnet. The team plans to roll out an ability to purchase cryptos with fiat currency in the near future.  
  • The Malaysian government is beginning to explore blockchain solutions in its three largest industries: renewable energy, palm oil, and Islamic finance. The Malaysian Industry-Government Group for High Technology (MIGHT) will spearhead the blockchain adoption with goals of increasing transparency, sustainability, and logistical efficiency. MIGHT is currently in the process of meeting with industry leaders to find out how blockchain solutions can best address each of the three industries.  

*Data in Price Return and Updated Real-Time (with a delay), Source: StockDio

Sources:

https://cointelegraph.com/news/ices-bakkt-reveals-first-crypto-product-as-physical-bitcoin-futures 
https://www.coindesk.com/early-execs-leave-block-one-the-peter-thiel-backed-crypto-startup-behind-eos/ 
https://cointelegraph.com/news/breaking-google-to-reverse-crypto-ad-ban-for-exchanges-advertising-in-us-japan 
https://www.ccn.com/google-unbans-crypto-ads-will-work-with-regulated-firms-in-us-and-japan/ 
https://cointelegraph.com/news/operator-of-hacked-crypto-exchange-zaif-gets-third-warning-from-japans-watchdog 
https://www.ccn.com/business-improvement-order-japan-slaps-crypto-exchange-operator-after-60-million-theft/ 
https://cointelegraph.com/news/jpmorgan-blockchain-platform-onboards-75-multinational-banks-to-keep-payments-in-house 
https://cointelegraph.com/news/mt-gox-trustee-publishes-final-bitcoin-sell-off-figures-totalling-230-million 
https://www.ccn.com/did-the-mt-gox-trustee-bitcoin-sell-off-cause-the-crypto-market-to-crash/ 
https://bitcoinist.com/swap-online-cross-chain-wallet-performs-atomic-swaps-with-numerous-cryptocurrencies-announces-the-platform-release-on-mainnet/ 
https://www.ccn.com/malaysia-is-directing-its-three-largest-industries-to-blockchain-technology/