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Cryptocurrencies see gains throughout the day as NY regulator issues state’s first cryptocurrency ATM license

Nov 01, 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$6378.97 0.03% 0.87% -1.52% USD$110,702,997,774 USD$3,743,139,986
Ethereum ETH USD$198.76 0.02% 0.75% -2.04% USD$20,460,341,818 USD$1,305,232,108
EOS EOS USD$5.25 -0.12% 0.73% -2.43% USD$4,758,970,477 USD$538,613,844
XRP XRP USD$0.45 0.28% 1.33% -1.02% USD$18,257,831,999 USD$358,563,400
Litecoin LTC USD$50.2 0.01% 1.13% -3.95% USD$2,960,601,283 USD$306,207,808

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
OmiseGO OMG USD$3.28 -0.07% 2.31% -1.69% USD$460,702,519 USD$20,520,856
Dash DASH USD$153.91 -0.06% 1.46% -0.98% USD$1,295,988,055 USD$179,349,014
Qtum QTUM USD$3.87 0.17% 1.34% -5.1% USD$344,219,188 USD$84,156,578
XRP XRP USD$0.45 0.28% 1.33% -1.02% USD$18,257,831,999 USD$358,563,400
NEO NEO USD$15.46 0.51% 1.22% -6.3% USD$1,005,198,353 USD$122,631,767

Crypto News

  • Bitmex, the issuer of the recently-controversial cryptocurrency stablecoin, Tether (USDT), has formed a new banking partnership with Bahamas-based Deltec Bank & Trust.  USDT underwent a slew of controversy in the last month as the stablecoin broke from its USD$1 peg amidst rumors of Bitmex’s insolvency. In announcing the new partnership with Deltec Bank & Trust, Bitmex stressed that USDT is backed by a full money supply of US dollars.  
  • BlackRock, the world’s largest asset management firm, will not offer a cryptocurrency exchange traded fund (ETF) until cryptocurrency markets are further established. According to a report by CNBC, Blackrock CEO Larry Fink replied to a question that asked about his openness towards entering cryptocurrency markets, saying, “I wouldn’t say never, when it’s legitimate, yes.” On November 5th, the SEC is set to announce its final decision on nine Bitcoin (BTC) ETF applications from three different companies.  
  • Ran NeuNer, prominent cryptocurrency analyst and host of CNBC’s CryptoTrader show, has retracted his prediction that Bitcoin (BTC) would reach USD$50,000 by the end of 2018. In a tweet on Thursday, NeuNew stated, “Given we are in a bear market and no good news is moving the market, I can’t see a $50k BTC this year.”  
  • Sia, a distributed storage blockchain network, has successfully completed a planned hardfork that changes its consensus rules to prevent some specialized mining hardware from dominating the network. Following the planned hardfork, however, part of the Sia community decided to continue mining the old Sia blockchain -- the group calls itself, “Sia Classic”. Despite Sia Classic, David Vorick, the founder and CEO of Nebulous, the company that owns Sia, still considers the hardfork a success, saying, “The hashrate is much more decentralized than before the fork,” and estimating that 87% of the Sia network’s computing power is accounted for on the newly forked blockchain.
  • The New York State Department of Financial Services has issued the state’s first virtual currency license, or “Bitlicense,” to Bitcoin ATM operator, Coinsource. This move by the New York state regulator represents a seal of approval for New Yorkers to use cash to buy and sell Bitcoin (BTC) through Coinsource’s Bitcoin Teller Machines. This is the first cryptocurrency ATM operator to receive regulatory approval from the state of New York. So far, Coinsource has already installed 40 Bitcoin Teller Machines across the state.  
  • While conducting a keynote presentation at Ethereum’s Devcon4 conference in Prague on October 31st, 2018, Ethereum co-founder, Vitalik Buterin unveiled a roadmap for Ethereum 2.0. Dubbed by Buterin as “Serenity”, the project culminates multiple projects that Ethereum developers have been working on since 2014. The features that will make up Serenity include an implementation of a proof-of-stake verification protocol known as Casper, a scalability enhancement known as sharding, and other various protocol upgrades.  

 

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

Sources:

https://cointelegraph.com/news/controversial-stablecoin-tether-confirms-new-banking-partner-deltec-after-weeks-of-rumors 
https://www.coindesk.com/tether-produces-letter-confirming-dollar-deposits-but-bank-hedges/ 
https://www.newsbtc.com/2018/11/01/blackrock-to-wait-until-crypto-market-is-legitimate-before-offering-etf/ 
https://cointelegraph.com/news/crypto-analyst-ran-neuner-retracts-his-claim-that-bitcoin-will-hit-50k-in-2018 
https://www.coindesk.com/another-stablecoin-just-launched-with-real-time-view-of-dollar-backing/ 
https://cointelegraph.com/news/bitcoin-atm-operator-coinsource-gets-new-york-regulators-green-light-with-bitlicense 
https://www.coindesk.com/new-york-awards-first-ever-bitlicense-to-bitcoin-atm-company/ 
https://www.ccn.com/coinsource-receives-first-bitlicense-to-operate-bitcoin-atms-in-new-york/ 
https://cointelegraph.com/news/ethereum-20-launch-really-not-so-far-away-says-vitalik-buterin-in-devcon4-keynote