Cryptocurrencies are in the green as Ripple’s MoneyTap debuts in Japan
Oct 04, 2018
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- According to Ethereum developer, Joey Zhou, the Venezuelan oil-backed cryptocurrency set to launch in November, the Petro, is a blatant copy of Dash. In explaining the reasoning, Zhou posted a picture on Twitter from the Petro’s white paper that is an exact clone of an image in Dash’s white paper where the developers explain the X11 Proof-of-Work mining algorithm used by Dash. The Venezuelan Petro will launch on November 5th.
- Circle Internet Financial Ltd. launched a new feature on its cryptocurrency investment application, Circle Invest, called “Collections”. The new Collections feature gives users the ability to invest in multiple cryptocurrency assets within a theme, including Platforms, Payments, and Privacy. Circle Invest rolled out a feature in May called, “Buy the Market”, which gives users a simplified way of entering the cryptocurrency market by investing in all of the cryptocurrencies Circle offers at once. Circle Internet Financial Ltd. is funded by notable investment bank, Goldman Sachs.
- Ethereum developers on Thursday announced a delay in the plans to launch a system-wide upgrade to the Ethereum network, Constantinople. Peter Szilagyi, team lead at the Ethereum Foundation, discussed in a tweet that the main reason for the delay is to offer more time for individuals and businesses running nodes on the Ethereum network to address vulnerabilities found in one of five Constantinople upgrades.
- Fundstrat conducted a six-part poll to gauge sentiment between retail investors and institutions and found that institutions are more bullish on Bitcoin than retail investors. Fundstrat’s Tom Lee conducted a poll on Twitter that received almost 5,500 participants and took the same poll to a private dinner held with institutional investors. Lee compiled the responses in a report published Thursday. According to the poll, 57% of institutional investors believe Bitcoin would end 2018 above USD$15,000, compared to 40% of retail investors that think the same.
- MoneyTap, the Ripple-powered payments application co-developed by Ripple and SBI Holdings, has officially gone live in Japan. MoneyTap will utilize Ripple’s xCurrent payments platform to enable domestic bank-to-bank transfers between three participating Japanese banks in Japan. The three participating banks are SBI Sumishin Net Bank, Suruga Bank, and Resona Bank. As per earlier announcements, 61 Japanese banks should eventually join MoneyTap, which represents over 80% of banking assets in Japan.
- South Korean cryptocurrency exchange giant, Bithumb, announced plans to launch a decentralized cryptocurrency exchange. Bithumb has partnered with One Root Network, a blockchain firm that has already developed an Ethereum-based decentralized token transaction protocol called, R1. One Root also already operates a decentralized cryptocurrency exchange. Bithumb is currently the world’s sixth largest cryptocurrency exchange by daily trading volume.
- The European Securities and Markets Authority (ESMA) detailed in their 2019 Annual Work Programme of a EUR 1 million budget to monitor cryptocurrencies and other fintech activities in 2019. The agency further explained that the budget is meant to protect the financial well-being of the economic bloc. The ESMA’s objective for the upcoming year is to, “Achieve a coordinated approach to the regulation and supervisory treatment of new or innovative financial activities and provide advice to present to the EU institutions, market participants, or consumers.”
- The Spanish city of Valencia announced the creation of a “smart port” that will leverage blockchain and big data technologies. The creator, Jose Garcia De La Guia, believes that ports using blockchain technology and big data will optimize global resources, reduce time wasted on maintenance, and cut costs. The “smart port” will be implemented in the Port Authority of Valencia, one of Spain’s busiest ports.
*Data in Price Return and Updated Real-Time (with a delay), Source: StockDio