Freakerz NEWSCAST 📮 16-10-2019

📮 16-10-2019

📈 MarketCap: $220 B

📊 24h Mcap %: -4.02%

⚠️ Bitcoin Dom: 65.5%

Active Coins: 2,491
24h Vol %: 18.02%
24h Vol: $51 B

1. Stefan Ingves, governor of the Riksbank, the central bank of Sweden, is optimistic about Facebook-led proposed stablecoin project, Libra. “It has been an incredibly important catalytic event to sort of shake the tree when Libra showed up out of the blue,” Ingves told. He added that Libra “forced us to think hard about what we do.” He further said: “Part of my job is to produce a good/service called the Swedish krona which is convenient to use for Swedish citizens, and if I’m good at that in a technical sense then I don’t have a problem.

2. $2 billion worth of Bitcoins were moved at a cost of around $170. As reported in a Twitter post by Rhythm, the first transfer involving a total of 107,848 Bitcoins valued at around $900 million costs about 0.02 BTC to complete. That’s about $166 in transaction fees. The second transfer was reported by Nejc Kodric on Twitter, totaling 112,027 BTC. This one cost even less in transaction fees despite the number of coins being more. It cost around $3.89 to move the coins valued at around $933 million.

3. Crypto exchange Coinfield is to make stocks such as Tesla and Apple tradable on the popular XRP ledger (XRPL), announced today. Stocks and ETFs from over 25 global stock exchanges and fiat-backed stablecoins will be available for trading on top of Ripple's XRP ledger from next year via a new platform "Sologenic," Coinfield’s CEO Bob Ras told. He further added "We offer our customers the ability to tokenize any asset on demand. Users can tokenize over 30,000 stocks and ETFs.”

4. United States Rep. Warren Davidson (R) has said that Facebook adding Bitcoin to its Calibra wallet would be a “way better idea” than creating its new currency, Libra. Davidson agreed that the Congressional hearings had nonetheless been an ideal vehicle through which observers — many of them hailing from the traditional financial sector — were able to come to a better understanding of Bitcoin through coming to realize the problems inherent to a centralized and private initiative such as Libra.

5. The world's second-largest stock exchange, Nasdaq, has listed the AI-powered CIX100 index created by crypto data provider CryptoCompare. CIX100 is a crypto market benchmark that analyzes uses a neural network algorithm to analyze data for the top 100 cryptocurrencies, taking into account over 200 factors. The data is derived from the nine largest cryptocurrency exchanges globally and factors in the results of millions of trades alongside news releases and social media data.

6. The United Arab Emirates’ (UAE) Securities and Commodities Authority (SCA) has published draft regulations for crypto assets. The SCA will be collecting public feedback on the draft regulations until Oct. 29 before providing the final drafted legislation regarding the industry. All parties involved in the crypto industry, including investors, brokers, financial analysts, researchers, media and others, are invited to provide their feedback on the document, adding that the proposals will be taken into consideration for the final regulation.

7. Digital asset management giant Grayscale registered over $254 million in total investment into its products in the third quarter of 2019. The third quarter of the year marked the highest demand for the company’s offerings since its establishment, resulting in $254.9 million of inflows. The figure shows a threefold quarter-on-quarter increase, from $84.8 million last quarter. Institutional investors were the major contributors to the company’s products both in Q3 and year-to-date, with 84% and 83% respectively.

8. Miami-based bitcoin technology startup Bitstop, announced it has installed Miami International Airport’s first bitcoin ATM. The third-busiest airport in the United States in terms of international passenger traffic, MIA is the largest gateway between the United States and Latin America and is one of the largest airline hubs in the United States. Customers can now conveniently buy or sell bitcoin for cash while traveling. The MIA location marks Bitstop’s 40th Bitcoin ATM installation over the last two months.

9. According to the official document, investment management firm Wilshire Phoenix and exchange NYSE Arca have filed an amendment to their Bitcoin ETF application to reflect new circumstances. Per the proposal, Coinbase Custody will act as a custodian of the trust’s Bitcoins. Wilshire draws the SEC's attention to the fact that when ETFs were approved for gold, the regulator focused on spot and futures markets. A similar approach, the document implies, should be taken in regard to Bitcoin ETFs.

10. The total value of ether locked into decentralized finance (DeFi) dApps has passed 3 million ETH ($552 million), according to data on DeFi Pulse. Of this total, more than half - 1.6 million ETH - is locked into the MakerDAO dApp, the top DeFi decentralized application on the Ethereum blockchain, and a core component of the Dai Stablecoin System, which allows users to leverage their Ethereum assets to generate dai tokens. Ether is, by far, the dominant cryptocurrency used in DeFi apps.

11. Justin Sun touts the success of Tron-based USDT. In his recent tweet, he predicts that the version of Tether issued on the Tron Blockchain will become the biggest stablecoin on the market. The total amount of USDT is inching closer to the $196 mln mark. Notably, it was $170 mln just five days ago, which just goes to show how fast the stablecoin's supply is growing. Further data shared by Sun shows that USTD's supply on Ethereum is about to overtake the USDT on Bitcoin's Omni layer.