🗞 Daily Crypto News, October, 28th 💰

in #bitcoin • 4 years ago (edited)

  • From Banking Giants to Tech Darlings, China Reveals Over 500 Enterprise Blockchain Projects ;
  • Tron Price Up 25% as China Reportedly ‘Bans’ Anti-Blockchain Sentiment ;
  • Huobi Japan Raises $4.6 million From Tokyo-Listed Financial Services Firm ;
  • Bitcoin Price Hits Five-Week High Above $10,000 ;
  • Crypto Capital Exec Indicted on Three Criminal Counts in NY Court ;
  • 🗞 Daily Crypto News, October, 28th 💰
  • STEEM Trading Update

Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!

🗞 From Banking Giants to Tech Darlings, China Reveals Over 500 Enterprise Blockchain Projects

The Takeaway:

More than 500 blockchain projects have been registered with the Chinese government since March.

The filings reveal some of the largest Chinese banks and tech companies working with the technology.

Several government offices, including courts and tax bureaus, are testing blockchain platforms to execute administrative tasks, the filings show.

Chinese president Xi Jinping announced his support for blockchain technology, while Congress passed a cryptography law one day after Xi’s comment.

🗞 Tron Price Up 25% as China Reportedly ‘Bans’ Anti-Blockchain Sentiment

China is rapidly adopting a pro-blockchain stance following news it would bring in a so-called “crypto law” in January next year.

China: Blockchain must be legitimate

In a sign of China’s abrupt official about-turn on blockchain, officials are deleting posts that claim the technology is a scam, Twitter-based crypto news resource cnLedger reported on Oct. 28.

Chinese officials and president Xi Jinping caused a stir late last week after the latter gave a speech condoning blockchain. China, he said, would become the world’s foremost proponent of the technology and would seek to implement it throughout the economy.

🗞 Huobi Japan Raises $4.6 million From Tokyo-Listed Financial Services Firm

Huobi Japan has received almost 500 million yen ($4.6 million) in investment from a Tokyo-listed company involved in leasing, real estate, insurance brokerage and mergers and acquisitions.

According to releases from the company and the investor, Financial Products Group (FPG) purchased 499,968,000 yen worth of shares from the Japanese subsidiary of Singapore-incorporated Huobi Asset Investments on Oct. 25.

FPG said it bought into the company because of its prospects, as Huobi Japan will be developing solutions related to virtual currencies and payments, and the two may plan to collaborate on projects related to tokenization of the securities market, given FPG’s expertise in finance and real estate.

The exact use of funds was not detailed, though the companies said the new capital will be deployed in financing Huobi Japan’s expansion in the country.

🗞 Bitcoin Price Hits Five-Week High Above $10,000

Bitcoin’s price was quoted in five digits across cryptocurrency exchanges earlier today, but the breakout into $10,000 was short-lived.

The number one cryptocurrency by market value jumped to $10,350 at 01:45 UTC – the highest level since Sept. 24 – according to Bitstamp data. Meanwhile, the global average price, as calculated by CoinDesk’s Bitcoin Price Index, clocked a high of $10,332.

Just 24 hours ago, the cryptocurrency was reeling under bearish pressures below $7,500 and prominent chart analysts were calling a deeper drop, courtesy of the so-called “death cross” – a bearish cross of long-term moving averages..

🗞 Crypto Capital Exec Indicted on Three Criminal Counts in NY Court

The United States Attorney for the Southern District of New York has indicted Crypto Capital executive Oz Yosef on three criminal counts.

An Oct. 23 court filing obtained by Cointelegraph confirmed that Oz Yosef has been indicted by U.S. authorities on conspiracy to commit bank fraud, bank fraud and conspiracy to operate an unlicensed money transmitting business.

Crypto Capital allegedly mislead Bitfinex

The filing would appear to confirm allegations from cryptocurrency exchange Bitfinex, which in a recent statement tried to establish itself as a victim of fraud regarding Crypto Capital — its former payments processor.

On April 25, the New York Attorney General’s office alleged that Bitfinex lost $850 million and subsequently used funds from Tether— its affiliated stablecoin operator — to cover the shortfall. Bitfinex claimed that Crypto Capital spread the firm’s funds across multiple bank accounts in several countries, making it difficult to access.

🗞 Daily Crypto News, October, 28th 💰

  • Bitcoin (BTC)

Bitcoin Futures Contract (BTCV19) settles on October 28, 2019.

  • Stellar (XLM)

Horizon v0.22.0 has been released, which supports Protocol 12. This gives everyone ample time to prepare for the Protocol 12 upgrade vote...

  • Celsius (CEL), General Event (CRYPTO), Grin (GRIN), Litecoin (LTC)

"...The Litecoin Summit offers two fun, jam-packed days with something for everyone."

  • Centrality (CENNZ)

Last week to join the Centrality reward program before it officially starts on 28 October.

  • Binance Coin (BNB), Bitcoin (BTC), Celer Network (CELR), Chainlink (LINK), General Event (CRYPTO), Ethereum (ETH), Ethereum Classic (ETC), KuCoin Shares (KCS), XRP (XRP), Stellar (XLM), VeChain (VET), Zcash (ZEC), Zcoin (XZC), Zilliqa (ZIL)

"SF Blockchain Week is where blockchain startups, enterprise companies, academics, developers, and investors from around the world come..."

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4 years ago in #bitcoin by
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