One Stop Cryptocurrency NewsCast For Today ?

📮 21-11-2019

1.  LocalBitcoins CEO recently revealed that the company is growing at a huge rate, stating that the platform still receives over 135,000 new users per month. The interest in crypto trading, particularly P2P trading, is also growing, according to LocalBitcoins’ CEO, Sebastian Sonntag. During the talk, he admitted that the company is expanding and that its user base is gaining 4,000 to 5,000 users per day. Sonntag stated that the company is going through a transitional period. The firm is growing rapidly.

2.  Ethereum Foundation has released the official hard fork announcement, detailing instructions for all interested parties. with a comprehensive to-do guide, real-time data, and required software. Hudson Jameson, Community Leader of the Ethereum Foundation, has officially confirmed that the Istanbul Hard Fork will be released on Saturday, December 7th, 2019. The Istanbul Hard Fork is the last of Ethereum 1.0, as this will open a direct road to Serenity, the next status of settlement in the Ethereum network.

3.  Chinese companies submitted around 7,600 blockchain patent applications between 2009 and 2018, about three times as many as U.S.-based companies. The U.S., China, Japan, South Korea, and Germany together submitted around 12,000 blockchain-related patent applications through 2018, with China accounting for over 60% of the five-country total. With 512 applications, Chinese retail giant Alibaba Group Holding took the lead amongst the ranking of corporate applicants.

4.  Sonnenshein — managing director at Grayscale Investments — made his remarks during an interview “84% of inflows were from non-crypto hedge funds that want digital asset exposure.” Grayscale Investment, the absolute leader in the realm of cryptocurrency asset management, has also recently filed a Form 10 with the US Securities and Exchange Commission (SEC). "If approved, this would not only allow Grayscale to tap into institutional investors, but it could pave the way for a Bitcoin ETF."

5.  According to a blog post Thursday by Binance, India-based users will be able to purchase and sell crypto using Indian Rupees (INR) on Binance Fiat Gateway, the fiat-to-crypto portal of the firm’s flagship exchange, Binance.com, starting the 25th of November. Binance today announced the acquisition of major Indian crypto exchange WazirX and plans to launch fiat-to-crypto services in India within days.

6.  LG’s IT solutions affiliate LG CNS and Kakao’s blockchain subsidiary Ground X joined hands with a view to expanding the use of blockchain and applying it to diverse business areas, the firms said Thursday. The two companies agreed to a strategic partnership to build a mutually compatible infrastructure. Ha Tae-Seok, the leader of LG CNS’ future strategic business division, and Kakao Ground X CEO Han Jae-seon attended a signing ceremony at the LG CNS headquarters within LG Science Park in Magok, Seoul.

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