Daily Crypto Roundup 10/29/2018
Bitcoin finally shows some movement, at a current Blockmodo real-time price of about $6,270 (at the time of writing). Today also saw a talk of institutional crypto interest, stablecoin talk, and the sale of the Bitstamp exchange. Let's take a further look!
Charles Hoskinson On Tezos, Bitcoin Sidechains, And Smart Contract Platforms
CryptoInsider got the chance to interview the Cardano (ADA) founder Charles Hoskinson to gain some important insight. This article the second part of a two-part article series on the interview.
CryptoInsider reports on Mr. Hoskinson makings some interesting statements. Included is the point that Tezos and Cardano are like "apples to oranges", concerning the problems over at the Tezos foundation in 2017.
Mr. Hoskinson also reportedly "accused Tezos founders Arthur and Kathleen Breitman of attempting to use the Tezos Foundation as a means to escape U.S. regulations though he also relayed that he thinks the Tezos project is fascinating and that he enjoys a competitive relationship with the Breitmans", as reported by CryptoInsider.
Institutions Are Coming For Your Crypto
The big players are finally coming to the crypto space - or so states an article by CoinDesk.
According to the article, there have been recent happenings over the past few weeks pointing to institutional involvement.
Among these developments are - Fidelity Digital Asset Services announcing crypto custody and trading for big players, the Intercontinental Exchange (ICE) launching the Bakkt crypto trading platform, and Security Token Offerings (STOs).
The Race to Replace Tether (In 3 Charts)
Stablecoins have made headlines left and right lately. Tether (UDST) has been the main stablecoin until recently. The public fears that Tether may not be solvent (having enough USD to account for each USDT).
In addition, Tether's price has fluctuated significantly as of late.
Newer stablecoins jockeying for attention include USD Coin (USDC), Paxos Standard Token (PAX), and Gemini Dollar (GUSD).
TruUSD (TUSD) and Maker Dai (DAI) also compete for attention.
Image Courtesy: CoinDesk Stablecoin Chart (from https://www.coindesk.com/race-replace-tether-crypto-stablecoin-charts/)
Crypto Markets See Stirrings Of Volatility As Major Coins Tip Into Red
After days of little price movement in crypto, Bitcoin finally makes a notable move down to $6352 at the time of CoinTelegraph's article today. This is down from yesterday's price of almost $6,500, according to Coinmarketcap.com
Many altcoins followed Bitcoin's downward action, still showing signs of prices coupled with Bitcoin's movement.
CoinTelegraph reports - "Earlier this month, Bitcoin had achieved a 17-month low volatility rate, recording its highest level of stability since mid-2017: the trend had continued over recent weeks, excepting one short-lived spike on Oct. 15".
Crypto Exchange Bitstamp Acquired By Belgian Investment Firm In 'All Cash Deal'
Big news today as NXMH (a Belgian investment firm) buys the Bitstamp crypto exchange.
According to a report by Reuters, Bitstamp CEO Nejc Kodric "declined to disclose terms of the deal, which was signed on Oct. 25. In 2016, Bitstamp was valued at $60 million, up from a 2014 valuation of $39 million, according to Kodrič".
The deal was "an all-cash deal", stated Reuters.
CoinTelegraph reports that the selling of Bitstamp was not planned, but rather the result of buyer interest.
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Originally posted on Crypto Insider : https://cryptoinsider.com/daily-crypto-roundup-10-29-2018/