💱 Sept 27, 2018: Top of the day: Kraken adds Cardano (ADA) and Qtum (QTUM), Baidu released White Paper referring to its blockchain platform, the new hybrid-crypto solution will replace SWIFT, and more

Image: source

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Update: Binance experienced technical issues this day, but now it's ok

The story:

We are having a network/server issue that affects withdrawals, our team is working to resolve it ASAP. Not a hack, just infrastructure (network/server) issue. Thank you for your patience!

— CZ Binance (@cz_binance) Sept 27, 2018 г.

The end:

Issue fixed now. Withdrawals resumed. Apologies for the interruption of service. Thank you for your understanding and support!

— CZ Binance (@cz_binance) Sept 27, 2018 г.

: )

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📌 Baidu is going to release its blockchain platform soon, Whitepaper (v.1) is already published

Baidu, the "Chinese Google" is ready to introduce the «Super Chain», which is designed to provide the large number of opportunities, including work with digital assets, arrears and other

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Baidu, known as the native Chinese search engine, as well as the first company from this country, included in the Nasdaq-100 list, now occupies no more than 2% of the search market but can expand its prospects. The reason for this is the creation of a new blockchain-platform, which will provide rather variable services.

The first steps in this direction have already been made. Baidu published its White Paper referring to "Super Chain", the independent blockchain network system, which will provide platform for operating with digital assets, certification of digital rights, settlements, debt repayment, supply chains, digital actives, and games.

То take a closer look, the global platform will include 6 subservices, each of which specializes in one of the mentioned directions (Totem, Degree Universe, Baidu Association, Treasure Chest, Encyclopedia Online and Hubert namely).

Experts also see the use of Baidu not only in the digital rights/assets field. There is also the potential for social networks, cloud services and the real sector (retail and supply). By the way, this is not the first project of the company, which is aimed to use blockchain across the industries. Earlier, the Chinese IT giant introduced the X-Chain, showing the 100.000 tx/sec compatibility with Bitcoin and Ethereum protocols.

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📌 U.S. Court recognized cryptocurrencies as commodities

Law practice: U.S. District Court decided to define cryptocurrency assets as commodities which fall within the CFTC jurisdiction as a result of the process against the My Big Coin Pay Inc scam-project

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Recently we reported the opening of "crypto" roundtable meeting, which took place in the US Congress. In many ways, the participants agreed that the legislative practice looks ambiguous in this matter. But as for US judicial realities, the U.S. District Court decided to take advantage of the fact that digital assets can also be recognized as commodities. This state of affairs refers us to being ready that tokens can be regulated by the CFTC in many cases (as for this one).

The Commodity Futures Trading Commission (CFTC) had to appeal against My Big Coin Pay Inc, the scam project which seems to be pretty generic, behind the fact that it influenced the judicial practice related to crypto. According to the regulator, the businessman leed the manipulative strategy by involving people to buy his coin (MBC) tokens through misleading statements. Among other things, the token issuer claimed that the MBC is "gold-backed" and being "actively traded" on various crypto-exchanges.

Why is it important? With the gradual increase in the volume of cases involving crypto-currencies (including fraud), the top regulators will (sooner or later) give a single-valued assessment of how to direct companies related to Bitcoin and other cryptos. While the SEC stuck in a fairly controversial relationship with Bitcoin, the CFTC seems to be dealing with these issues deeper.

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📌 Kraken lists Cardano (ADA) and Quantum (QTUM)

Listing updates on one of the popular American exchanges attracted attention to two already proven projects

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The exchange has already announced the listing of new tokens in the near future; this time, even 2 assets have been added, which have repeatedly received requests to expand the number of available trading platforms. ADA/QTUM trading will start tomorrow, on September 28 (check for the exact time for your region).

Trading pairs

• ADA: ADA/USD, ADA/EUR, ADA/CAD, ADA/XBT, ADA/ETH
• QTUM: QTUM/USD, QTUM/EUR, QTUM/CAD, QTUM/XBT, QTUM/ETH

Will the Coinbase add Cardano (ADA) on its platform? Recently, the platform reported on an open listing process, which also includes filing an application for participation in the listing. It is likely that most of the top currencies have a chance to be listed on the largest US exchange, including ADA, which with a volume of $ 88,290,385 USD in the last 24 hours, could potentially complete exchange's list.

Know more: CEO of Shapeshift presents CoinCap platform = an alternative to coinmarketcap?

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📌 Goldman Sachs-backed startup has raised a $25 million to replace SWIFT

The new Veem startup formed by Goldman Sachs works as the "transitional fossil" between the traditional SWIFT system and blockchain platforms, and it is likely to be implemented as a full replacement for existing solutions

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The blockchain startup Veem led by Goldman Sachs has completed its $25 million round of financing. Among the companies invested in this new GS's blockchain project, are: Google Ventures, Silicon Valley Bank, Kleiner Perkins and Pantera Capital, and probably other big players. So, what is Veem for, and why does it start with an impressive capitalization like this?

The release says:

"SWIFT, a 40-year-old technology, consistently slaps small businesses with fees, loses payments, and lacks the transparency necessary to ensure reliability and security."

Veem provides support for cross-platform payments, supporting both traditional transfers based on SWIFT, and blockchain transactions. The main advantage of the Veem's network is low-cost money transfers, which can be implemented by one of the possible options. Thus, we get a hybrid solution that does not force users to abandon the usual SWIFT transfers but also implements an alternative approach based on a distributed network.

Know more: Ex-UBS bankers raised 100M in Swiss francs to finance Seba Crypto AG startup - the first fully-regulated crypto bank.

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📌 More updates

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• Poloniex added USDC (Circle` new stablecoin). The 3 main pairs have become available today, BTC/USDC, ETH/USDC, and USDT/USDC.
• Update: BTC.com wallet now supports BIP-70 for Bitcoin and BitcoinCash payments. As a result of the implementation of this protocol, short addresses (example.com) will also be available for users.
• The cryptocurrency wallets always update from time to time. For example, Tron Wallet (TRX) now has a Touch and Face ID verification.
• Public IOTA Lab has been launched today, on September 27. By using Lab's instrument (Pubio) users can monetize the content on websites (and more).

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