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Cryptocurrencies continue to trade higher as a monthly report declares Binance as the top global cryptocurrency exchange

Nov 07, 2018

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$6526.35 -0.06% 1.39% 3.15% USD$113,325,890,823 USD$5,065,868,698
Ethereum ETH USD$218.59 -0.73% 2.11% 10.72% USD$22,526,939,914 USD$2,023,979,807
Bitcoin Cash BCH USD$619.53 -2.59% 3.06% 47.85% USD$10,807,789,040 USD$1,001,338,792
XRP XRP USD$0.53 -1.14% -0.21% 19.42% USD$21,310,579,446 USD$769,771,243
EOS EOS USD$5.66 -0.67% -0.08% 9.67% USD$5,126,021,974 USD$744,598,997

 

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
Qtum QTUM USD$4.12 -1.04% 4.12% 9.4% USD$366,450,066 USD$199,114,920
Bitcoin Cash BCH USD$619.53 -2.59% 3.06% 47.85% USD$10,807,789,040 USD$1,001,338,792
OmiseGO OMG USD$3.5 0.41% 2.43% 9.86% USD$490,526,734 USD$33,635,626
Ethereum ETH USD$218.59 -0.73% 2.11% 10.72% USD$22,526,939,914 USD$2,023,979,807
NEM XEM USD$0.1 -0.2% 1.51% 7.87% USD$870,006,469 USD$8,009,710

 

Crypto News

  • A research study and report conducted by the Bank of Israel recommends against the creation of a state-backed cryptocurrency, dubbed the Digital Shekel. The Bank of Israel launched its research study towards the end of 2017 and finds that a Digital Shekel would be unsuitable to fit the needs of a large number of Israelis in multiple locations across the country. The study did not rule out the issuance of a Digital Shekel indefinitely, however, it does discard the possibility of a Digital Shekel in the immediate future.  
  • A joint study conducted by Hesse and Saxony, two German states, of over 1,000 citizens finds that young Germans are more receptive to cryptocurrencies than older Germans. The study finds that 28% of people surveyed between the ages of 18 and 29 believe that purchasing cryptocurrency is “conceivable”. More than 50% of people surveyed between the ages of 30 and 39 consider cryptocurrencies to be a “dangerous” investment.  
  • Bithumb, the largest cryptocurrency exchange in South Korea, is partnering with Qoo10, an Asian e-commerce giant, to offer cryptocurrency payment services. The partnership will see Bithumb’s cash payment services expand as a global payment method while employing Bithumb Cache, a password settlement services that allows Bithumb users to convert funds for payment using only their password. The new partnership will enable users to purchase products from Qoo10 using Bithumb Cache. Earlier this summer, eBay acquired Qoo10 for USD$573 million.  
  • Salesforce, a global software giant, has been awarded a patent for the use of a blockchain-based platform to prevent spam and other unwanted emails from arriving in people’s inboxes. According to the patent application published by the US Patent and Trademark Office on Tuesday, a blockchain platform can be used to filter emails after they are sent through a custom matching system -- Salesforce claims that the blockchain-based system is more efficient than currently existing protocols. The blockchain-based system can also, “help ensure that messages and attachments to those messages have not been modified during transit over a network,” according to the application.  
  • Spanish banking giant BBVA has successfully completed a test that involved placing a USD$150 million syndicated loan on a blockchain. The syndicated loan is for Red Electrica, Spain’s national electric grid operator. Other co-lenders participating in the syndicated loan include Mitsubishi UFJ Financial Group and BNB Paribas. BBVA intends to test other blockchain pilots for syndicated loans in the future.  
  • The Blockchain Transparency Institute has published its November 2018 Exchange Rankings Report that highlights Binance as the top cryptocurrency exchange in the world. After controversy developed around the way Coinmarketcap.com collects exchange volume data last week, the Blockchain Transparency Institute employed a new exchange ranking methodology that draws on different metrics to provide a more accurate representation of true exchange volumes. The Blockchain Transparency Institute also emphasized Bitstamp, Coinbase, and Kraken as cryptocurrency exchanges to make the biggest moves towards the top of their list.  
  • The Texas State Securities Board issued an emergency cease-and-desist on Tuesday against Automated Web Services Mining (AWS Mining), a cloud mining company based in Australia that allegedly was selling unregistered securities. According to the cease-and-desist, AWS Mining allegedly promised investors a return of 200% on any purchases of its mining power contracts. AWS Mining has 31 days to request a hearing on its charges.  
  • US law enforcement is considering “SIM swapping” as one of its “highest priorities” in its battle to fight cryptocurrency fraud, according to a post by KrebsonSecurity. In an interview with KrebsonSecurity, Samy Tarazi, a police sergeant in Santa Barbara and supervisor of the REACT Task Force (a unit dedicated to combatting cybercrime), said that SIM swapping occurrences has increased dramatically as of late. SIM swapping involves an individual remote hijacking the SIM card of another person’s mobile phone, giving the hijacker full control over the device. One type of data that has been prominently targeted by SIM swappers is cryptocurrency login details and crypto wallet passwords.

 

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

Sources:

https://www.ccn.com/more-than-a-quarter-of-young-germans-are-interested-in-crypto-investing/ 
https://www.ccn.com/new-bank-of-israel-report-recommends-against-creating-digital-shekel/ 
https://cointelegraph.com/news/israels-central-bank-not-recommended-to-issue-own-digital-currency 
https://cointelegraph.com/news/south-korean-crypto-exchange-bithumb-lanches-payment-service-with-asian-amazon-qoo10 
https://www.coindesk.com/salesforce-wins-patent-tackling-email-spam-with-blockchain/ 
https://www.coindesk.com/bbva-puts-150-million-syndicated-loan-on-ethereum-blockchain/ 
https://www.ft.com/content/2b12d338-e1d1-11e8-a6e5-792428919cee 
https://bitcoinist.com/binance-tops-blockchain-transparency-institute-exchange-rankings/ 
https://www.blockchaintransparency.org/november-2018-report/ 
https://www.coindesk.com/texas-securities-regulators-enter-emergency-stop-against-crypto-mining-firm/ 
https://cointelegraph.com/news/california-cybercrime-police-focus-on-cryptocurrency-sim-swapping-as-highest-priority 
https://krebsonsecurity.com/2018/11/busting-sim-swappers-and-sim-swap-myths/