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Cryptocurrencies see flush of green as Circle launches dollar-backed stablecoin and Bitmain officially applies for IPO

Sep 26, 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$6519.72 0.05% 1.81% 2.08% USD$112,726,415,865 USD$4,470,053,025
XRP XRP USD$0.54 -0.1% 17.21% 64.83% USD$21,352,654,490 USD$2,153,035,815
Ethereum ETH USD$219.38 0.65% 2.72% 4.64% USD$22,421,402,497 USD$1,806,006,685
Bitcoin Cash BCH USD$521.7 1.65% 20.08% 21.67% USD$9,062,037,876 USD$746,471,345
EOS EOS USD$5.63 0.45% 4.62% 8.57% USD$5,100,368,274 USD$691,303,486

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
Bitcoin Cash BCH USD$521.7 1.65% 20.08% 21.67% USD$9,062,037,876 USD$746,471,345
XRP XRP USD$0.54 -0.1% 17.21% 64.83% USD$21,352,654,490 USD$2,153,035,815
EOS EOS USD$5.63 0.45% 4.62% 8.57% USD$5,100,368,274 USD$691,303,486
Cardano ADA USD$0.08 0.7% 4.01% 13.85% USD$2,113,855,575 USD$72,040,463
Qtum QTUM USD$3.7 0.37% 3.76% 12.07% USD$328,659,836 USD$131,004,066

Crypto News

 

  • Chinese crypto mining company, Bitmain, has officially filed for its shares to be listed on the Hong Kong Stock Exchange (HKEX). This is the first step in Bitmain launching an initial public offering (IPO). In its application, Bitmain emphasized that it has generated 328% annual revenue growth with USD$2,517,719,000 of revenue in 2017. The firm also detailed that it is one of the few companies that offer mining tools for a large variety of cryptocurrencies, including Bitcoin, Bitcoin Cash, Litecoin, Dash, Ethereum, and Zcash.  
  • Circle Internet Financial Ltd. has officially launched its USD-backed digital stablecoin, called USD Coin. USD Coin began trading Wednesday and is reportedly trading on Circle’s Poloniex exchange, Huobi, OKCoin, KUCoin, and Coinbase. Centre will serve as the regulator for USD Coin issuers while ensuring that issuers possess relevant state licenses to handle electronic money and uphold anti-money laundering standards.  
  • FedEx has become one of 14 of the newest members to join the Hyperledger consortium. The global shipping giant announced this today as they hope to help build a massive blockchain platform and applications for large enterprises. Also included in the consortium are Honeywell International and a number of crypto startups.  
  • In a tweeted statement, commission-free trading application, Robinhood, announced it will launch crypto trading services for residents in Alaska. Alaskan residents will now be able to trade Bitcoin, Bitcoin Cash, Dogecoin, Ethereum, Ethereum classic, and Litecoin on Robinhood’s crypto trading platform.  
  • Lamassu, a company known for producing cryptocurrency ATMs, has announced a new line of crypto ATMs, dubbed Sintra. The new line of crypto ATMs will include a sleek, futuristic look and functionality that makes buying and selling cryptos as painless as possible. In order for these ATMs to breakeven, each machine needs to generate between roughly USD$800 and USD$1,000. Currently, Lamassu has 3,750 crypto ATMs installed worldwide.  
  • Porsche AG, the large German automobile manufacturer, is increasing its investment in startups with a focus in blockchain technology and artificial intelligence by USD$176 million over the next five years, according to a company press release. The investments will target early and growth stage businesses with the need for investment being prompted by Porsche’s desire to, “gain access to trends, new technologies, and business models.” 
  • The National Bank of Ukraine (NBU) is considering launching a state-owned digital currency based on a blockchain ledger. Reported by local news outlet Vesti Ukraine, the NBU stressed that the state-owned digital currency would be both centralized and under government control. In January, the NBU revealed plans to launch a digital state-backed currency that was not based on blockchain technology.  
  • The United States Securities and Exchange Commission (SEC) is seeking to levy sanctions against the individuals behind PlexCoin, an alleged fraudulent initial coin offering. The SEC has been in ongoing court battles with the owners of PlexCorps, Dominic Lacroix and Sabrina Paradis-Royer, since December 2017. The PlexCorps initial coin offering in question raised USD$15 million from investors with promises of a 1,354% return in just 29 days.  
  • The Dairy Farmers of America (DFA) announced Tuesday that it is beginning to work on a blockchain platform to track milk products in order to, “increase supply chain transparency.” The DFA does not have plans on how exactly to implement a blockchain solution but has a simple goal in mind to help consumers understand where their food comes from.  

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

Sources:

https://cointelegraph.com/news/bitmain-files-draft-application-for-listing-on-hong-kong-stock-exchange 
https://www.ccn.com/bitcoin-giant-bitmain-finally-files-ipo-in-hong-kong-emphasizes-328-yearly-revenue-growth/ 
https://www.coindesk.com/bitcoin-mining-giant-bitmain-files-ipo-prospectus-in-hong-kong/ 
https://cointelegraph.com/news/breaking-circle-internet-financial-launches-stablecoin-usd-coin 
https://www.coindesk.com/usd-coin-arrives-circles-crypto-stablecoin-is-now-trading/ 
https://www.ccn.com/newsflash-bitcoin-unicorn-circle-launches-usd-pegged-cryptocurrency/ 
https://www.coindesk.com/fedex-joins-hyperledger-in-blockchain-consortiums-latest-expansion/ 
https://www.ccn.com/the-last-frontier-robinhoods-commission-free-crypto-trading-goes-to-alaska/ 
https://bitcoinist.com/lamassu-new-line-crypto-bitcoin-atms/ 
https://cointelegraph.com/news/porsche-increases-investments-in-new-technologies-with-focus-on-blockchain-and-ai-startups 
https://cointelegraph.com/news/ukrainian-national-bank-considering-launching-state-digital-currency-tied-to-local-fiat 
https://cointelegraph.com/news/us-sec-seeks-sanctions-against-individuals-behind-alleged-crypto-scam-plexcoin 
https://www.coindesk.com/sec-seeks-court-sanction-against-plexcoin-ico-founders/ 
https://www.coindesk.com/us-dairy-farmers-to-trial-blockchain-in-bid-to-track-milk-products/