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Cryptocurrencies Finish Week Mostly Higher as Binance Launches Genesis Block for Decentralized Exchange

Apr 19, 2019

High Machine Learning Accuracy Rates for CryptocurrenciesHigh Machine Learning Accuracy Rates for Cryptocurrencies
High Machine Learning Accuracy Rates for CryptocurrenciesHigh Machine Learning Accuracy Rates for Cryptocurrencies

 

Top 5 Cryptocurrencies sorted by 7 Day Price Percent Change

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Name Ticker Price 1H %Chg 24H %Chg 7D %Chg Market Cap Volume
VeChain VET USD$0.01 -0.57% 0.06% 7.42% USD$404,342,942 USD$17,964,620
Bitcoin Cash BCH USD$297.45 -0.44% -2.83% 5.93% USD$5,275,877,496 USD$1,210,940,818
Ethereum ETH USD$172.79 0.01% 0.4% 4.8% USD$18,268,048,537 USD$6,686,968,185
Bitcoin BTC USD$5271.55 0.01% -0.0% 3.87% USD$93,064,576,099 USD$13,559,124,949
Litecoin LTC USD$81.69 0.09% 1.39% 3.08% USD$5,016,706,436 USD$2,638,100,332

Developments in Financial Services

  • 2030.io, a blockchain startup based in the United Kingdom, has raised USD$3.9mm in funding through Turquoise, a platform owned by the London Stock Exchange. According to a report by fintech news outlet Finextra, 2030.io secured a total of 3mm British pounds by selling tokenized shares on the equity trading platform Turquoise. 2030.io is one of 29 firms that has received regulatory approval from the UK’s Financial Conduct Authority to test fundraising on the new platform.  
  • Blockchain Exchange Alliance (BXA), the parent company of South Korean cryptocurrency exchange giant Bithumb, has received USD$200mm in funding from Japan’s ST Blockchain Fund, according to an official press release. The investment is part of a Series A funding round that BXA aims to use to expand the international presence of Bithumb. The new investment will also enable new trading pairs on Bithumb, which is South Korea’s largest crypto exchange.
  • Chainalysis, a major US-based blockchain intelligence firm, has raised an additional USD$6mm in funding from two major Japanese investors. In total, Chainalysis has secured USD$30mm in its Series B funding round that began in February. Chainalysis received notable investments from Japanese companies Mitsubishi UFJ Financial Group and venture capital firm Sozo Ventures. In the past, Chainalysis has hinted that it will target the Japanese market in its expansion through the integration of compliance technology in banks and other financial institutions.
  • Ernst & Young, a Big Four auditing firm, has officially launched a private beta version of Nightfall, a tool to analyze smart contracts on the public Ethereum (ETH) blockchain. According to a press release Tuesday, Ernst & Young aims for the tool to be used to test smart contract and associated tokens to asses security risks. The tool features a pre-loaded list of more than 250 standard tests that look for potential vulnerabilities such as malware and coding errors.  
  • eToro, a major global social trading platform, has launched a cryptocurrency exchange for pro traders through its blockchain division, according to an official press release. The new pro trading exchange, dubbed eToroX, is a fully regulated and secure platform that currently features 37 trading pairs. eToroX users are able to trade major cryptocurrencies Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Dash (DASH), Bitcoin Cash (BCH), and Litecoin (LTC). The eToroX platform also features 8 stablecoins backed by major international fiat currencies like the US dollar, Japanese yen, and UK pound sterling.  
  • Gemini, the cryptocurrency exchange captained by the Winklevoss twins, has announced native wallet support for Segregated Witness (SegWit) Bitcoin (BTC) addresses. SegWit is a scaling solution for BTC that was first launched in late 2017. As per an official press release, Gemini claims to be the first major cryptocurrency exchange to launch full, and not partial, support for SegWit.  
  • HDR Global Trading, the owner of major cryptocurrency derivatives exchange BitMEX, is partnering with US-based professional trading infrastructure firm Trading Technologies International to offer the latter’s products to crypto derivatives traders. As a part of the partnership, Trading Technologies users will be able to trade on BitMEX while BitMEX traders will be able to use Trading Technologies’ various tools and services.
  • Kraken, a major US-based cryptocurrency exchange, is the latest cryptocurrency exchange to announce intentions to delist Bitcoin SV (BSV). According to an official Kraken press release, the BSV team has, “engaged in behavior completely antithetical to everything we at Kraken and the wider crypto community stands for.” The decision by Kraken comes shortly after a community poll of more than 70,000 Twitter users, 71% of whom voted, “Yes, it’s toxic” when asked, “Should Kraken delist Bitcoin SV (BSV)?”
  • OKEx, one of the world’s largest cryptocurrency exchanges by daily trading volume, has announced that it will not delist Bitcoin SV (BSV). In a series of tweets published on Tuesday, OKEx explained, “As a neutral platform, OKEx respects the efforts of all dedicated teams in advancing the technology of Bitcoin and has no inclination to certain technical directions.” The news comes after Binance announced it will delist BSV next Monday.  
  • SSBI Holdings, the parent company of crypto exchange SBI Virtual Currencies, has announced intentions to delist major cryptocurrency Bitcoin Cash (BCH). The news from SBI Holdings comes as major cryptocurrency exchanges around the world are delisting Bitcoin SV (BSV), a coin that hard forked from BCH just a few months ago. In the past, SBI Holdings CEO and representative director Yoshitaka Kitao has criticized the BC hard fork -- the executive also allegedly has a relationship with Craig Wright, the biggest proponent of BSV.
  • The “Bitcoin Misery Index” (BMI), an index developed by Wall Street Strategist and Fundstrat Global Advisors co-founder Tom Lee, recently hit its highest level since June 2016. According to Tom Lee, the index reached a value of 89 on April 2nd and could be interpreted as either a good or bad sign. The BMI takes into account a coin’s volatility and price to determine how “miserable” coin holders are at a given time. The index is a measure of investor sentiment.

 

Better Research, Better Investments.Better Research, Better Investments.
Better Research, Better Investments.Better Research, Better Investments.

Regulatory Environment

  • American institutional-grade investment manager Arca Funds has filed for regulatory approval to offer digitized securities on a blockchain, according to documents released on April 12th. Arca Funds has filed with the US Securities and Exchange Commission (SEC) with a goal of issuing Arca UST Coins, which will serve as authenticated digitized shares in the form of ERC-20 tokens on the Ethereum (ETH) blockchain. According to filed documents, the investment objective for Arc’s potential Arca UST Coins is described as seeking, maximum total return consistent with preservation of capital.”

 

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General News

  • Accenture, a global consulting firm based in Ireland, has partnered with Generali Group, an Italian-based insurance company, to launch a blockchain platform for employee benefits. According to a joint press release on Tuesday, Generali Employee Benefits (GEP), the insurance unit of Generali Group, will offer the blockchain-based employee benefits solution. The solution will feature capabilities that facilitate data sharing for all parties involved in the reinsurance process.
  • Binance has officially announced that it will delist Bitcoin SV (BSV) from its exchange in a week. According to Binance, BSV and all BSV trading pairs will be removed from the Binance exchange platform. The delisting comes as part of Binance’s priority of regularly reviewing the assets listed on its platform, “to ensure that it continues to meet the high level of standards we expect.” The announcement by Binance comes shortly after a series of Twitter exchanges between CEO Changspeng Zhao and Craig Wright, the founder of BSV who has made multiple claims of being the Bitcoin (BTC) creator Satoshi Nakamoto. 
  • Binance, one of the world’s largest cryptocurrency exchange by daily trading volume, reportedly generated profit of USD$78mm in its fiscal first quarter, according to news outlet The Block. The Block extrapolated the financial data from Binance’s seventh quarterly Binance Coin (BNB) burn data – according to the report, Binance burned 830,000 BNB in its most recent quarter, which represents 20% of the company's net profit for the quarter. The USD$78mm profit generated in Binance’s fiscal first quarter represents y/y growth of 66%.
  • Nestle, a Switzerland-based food giant, Carrefour, a French-based supermarket chain, and IBM are partnering to use blockchain technology in tracking French convenience foods. Nestle and Carrefour are both members of IBM’s Food Trust blockchain platform, which will use its technology to track and record the supply chain of popular mashed potatoes brands Mousline. Once launched, the partnership will allow customers to scan the QR code of a Mousline box to find out the specific location the potatoes came from and their journey to the respective store.
  • PewDiePie, the most-subscribed-to YouTube channel in the world, started streaming on DLive, a blockchain video platform, on April 14th according to an official press release. DLive will be, “the exclusive livestreaming platform,” for PewDiePie. According to a DLive press release, the platform currently boasts 3 million monthly active users and 35,000 active streamers. PewDiePie’s YouTube channel currently maintains about 93mm subscribers and 21bn video views.

 

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

Sources:

http://www.carrefour.com/current-news/carrefour-nestle-blockchain-technology-for-food-transparency-with-mousline 
https://blog.chainalysis.com/reports/investment-for-apac-expansion 
https://blog.kraken.com/post/2274/kraken-is-delisting-bsv/
https://cafe.bithumb.com/view/board-contents/1640037 
https://coin360.io/  
https://coinmarketcap.com/  
https://cointelegraph.com/news/accenture-generali-launch-blockchain-solution-for-employee-benefits 
https://cointelegraph.com/news/arca-funds-files-with-sec-to-issue-stablecoin-like-digitized-shares-on-eth-blockchain 
https://cointelegraph.com/news/binance-to-delist-bitcoin-sv-as-it-no-longer-meets-the-exchanges-standards   
https://cointelegraph.com/news/bitmex-owner-partners-with-trading-technologies-to-expand-crypto-trading-base-and-tools 
https://cointelegraph.com/news/chainalysis-caps-series-b-funding-with-6-million-from-two-japanese-heavyweights 
https://cointelegraph.com/news/cryptocurrency-exchange-okex-decides-not-to-delist-bitcoin-satoshi-vision 
https://cointelegraph.com/news/crypto-exchange-gemini-rolls-out-native-wallet-support-for-segwit-bitcoin-addresses 
https://cointelegraph.com/news/etoro-blockchain-division-launches-crypto-exchange-for-pro-traders-issues-8-stablecoins 
https://cointelegraph.com/news/ey-launches-beta-test-version-of-smart-contract-analyzer-for-ethereum-blockchain 
https://cointelegraph.com/news/following-community-poll-kraken-delists-bitcoin-sv 
https://cointelegraph.com/news/london-based-blockchain-startup-raises-39m-with-equity-tokens-on-lses-turquoise 
https://cointelegraph.com/news/nestle-carrefour-work-with-ibm-to-track-mashed-potato-brand-with-blockchain 
https://cointelegraph.com/news/research-cryptocurrency-exchange-binance-registered-66-profit-increase-in-q1-2019 
https://cointelegraph.com/news/sbi-delists-bch-and-keeps-bsv-amid-major-crypto-exchanges-delisting-bsv 
https://cointelegraph.com/news/south-korea-bithumb-exchange-operator-gains-200-million-from-japanese-investment-fund 
https://cointelegraph.com/news/tom-lees-bitcoin-misery-index-hits-highest-value-since-2016-in-possible-bull-signal 
https://cointelegraph.com/news/top-subscribed-youtuber-pewdiepie-partners-with-blockchain-livestreaming-platform 
https://cointelegraph.com/tags/twitter 
https://jp.cointelegraph.com/news/japanese-blockchain-fund-invested-200-million-dollar-in-the-parent-company-of-bithumb 
https://medium.com/gemini/gemini-upgrades-wallet-with-full-support-of-segwit-5bb8e4bc851b 
https://support.binance.com/hc/en-us/articles/360026666152?fbclid=IwAR3ysVzVLT5um_x3Wgq4X3UEPhdi7UdIN4PrzzQO5jduUQoeQ6z_FSpHUf4 
https://twitter.com/eTorox/status/1118130082399379456 
https://twitter.com/fundstrat/status/1116449855159906306  
https://twitter.com/OKEx/status/1118012507703185408 
https://www.apnews.com/Business%20Wire/3210f4c1700d4d6f94c80c0ca2b52351 
https://www.coindesk.com/binance-delists-bitcoin-sv-ceo-calls-craig-wright-a-fraud 
https://www.coindesk.com/etoro-launches-full-crypto-exchange-and-8-custom-stablecoins 
https://www.coindesk.com/ey-nightfall-ethereum-enterprise-public-blockchain 
https://www.coindesk.com/startup-arca-seeks-sec-approval-for-us-treasury-bond-backed-stablecoin 
https://www.coindesk.com/startup-raises-3-9-million-in-tokenized-equity-on-london-stock-exchange-platform 
https://www.ey.com/en_gl/news/2019/04/ey-launches-smart-contract-testing-service-for-blockchain-clients 
https://www.finextra.com/newsarticle/33692/2030-raises-3m-in-tokenized-equity-on-lses-turquoise/blockchain 
https://www.prnewswire.com/news-releases/pewdiepie-forges-first-exclusive-livestreaming-partnership-with-dlive-300827823.html
https://www.sec.gov/Archives/edgar/data/1758583/000121465919002696/r411190n2a2.htm 
https://www.theblockcrypto.com/tiny/binance-brought-in-78-million-in-profits-in-q1-up-66-quarter-on-quarter/
https://www.tradingtechnologies.com/news-releases/trading-technologies-launches-direct-market-access-to-leading-bitcoin-based-trading-venue-bitmex-through-the-tt-trading-platform/
 
Crypto Model PortfoliosCRYPTO INVESTING MADE SIMPLE
Crypto Model PortfoliosCRYPTO INVESTING MADE SIMPLE