🗞 Daily Crypto News, October, 19th💰

• World's Largest Crypto Exchange Binance Looks to Add New Stablecoins ;
• Trump Tariffs to Impact Chinese Mining Hardware Manufacturers ;
• Major banks target $1.5tn coverage gap with trade finance platform ;
• Tether ‘Didn’t Do a Great Job on Transparency,’ Claims Investor Mike Novogratz ;
• Bitcoin Hedge Fund and CEO Slapped With $2.5 Million Penalty for Ponzi Scheme ;
• 📑 Daily Crypto Calendar, October, 19th💰
• STEEM Trading Update by @cryptopassion

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

🗞 World's Largest Crypto Exchange Binance Looks to Add New Stablecoins

Binance, the world's largest cryptocurrency exchange by adjusted volume, is actively looking to list more stablecoins in addition to the three it already supports, which include the recently beleaguered tether (USDT).

"We hope to be able to list a few more stablecoins on our platform," chief financial officer Wei Zhou told CoinDesk Thursday.

But that does not mean the Hong Kong-based exchange is souring on USDT, which lost its parity with the U.S. dollar on Monday and has yet to fully recover, trading at $0.976 on Thursday.

🗞 Trump Tariffs to Impact Chinese Mining Hardware Manufacturers

The escalating U.S. – China trade war threatens to have an adverse impact on the operations of Chinese mining equipment manufacturers, with imports of mining hardware now facing stateside tariffs of more than 25 percent.

In June, the Office of the United States Trade Representative reclassified Bitmain’s Antminer S9 as an “electrical machinery apparatus,” rather than a “data processing machine,” subjecting it to a 2.6 percent tariff. But in late August, the administration of U.S. President Donald Trump followed up on that decision by imposing an additional 25 percent tariff on Chinese mining hardware, bringing total tariffs on the Antminer S9 to 27.6 percent.

🗞 Major banks target $1.5tn coverage gap with trade finance platform

• The FT reports that several of the world’s largest banks plan to build a digital platform, named the "Trade Information Network", that aims to open up an at present unaddressed $1.5bn part of the global market for trade finance.

• The project will launch by the end of the year.

• The banks include ANZ, Santander, BNP, Citi, Deutsche Bank, HSBC and Standard Chartered.

• The project hopes to lower the risk of trade finance, particularly of providing trade finance to smaller companies who remain under-served by the large banks.

🗞 Tether ‘Didn’t Do a Great Job on Transparency,’ Claims Investor Mike Novogratz

Stablecoin Tether (USDT) should create more “transparency” about its operations, cryptocurrency investor and entrepreneur Michael Novogratz told Bloomberg Oct. 18.

Speaking in an interview, Novogratz, whose Galaxy Digital investment company is active in the cryptocurrency space, said he favored alternative stablecoins pegged to the U.S. dollar with known U.S. banking connections.

“I think Tether didn’t do a great job in terms of creating transparency," he told the publication discussing Tether’s offshore activities.

🗞 Bitcoin Hedge Fund and CEO Slapped With $2.5 Million Penalty for Ponzi Scheme

A New York federal court has ordered cryptocurrency hedge fund Gelfman Blueprint, Inc. (GBI) and its CEO Nicholas Gelfman to pay over $2.5 million for operating a fraudulent Ponzi scheme, according to an official announcement published Oct. 18.

GBI is a New York-based corporation and denominated Bitcoin (BTC) hedge fund incorporated in 2014. As stated on the company’s website, by 2015 it had 85 customers and 2,367 BTC under management.

📑 Daily Crypto Calendar, October, 19th💰

• Power Ledger (POWR)

Update: The final round of the @ExTechChallenge (XTC) will now take place on October 19, 2018 on Richard Branson's Necker Island.

• Vexanium (VEX)

Vexanium listed on Coinone Indonesia (VEX/IDR). There will be a cashback program with a total worth of 2,000,000 VEX.

• Monero (XMR)

"Approximately the 18th of October there will be a scheduled network upgrade on the Monero network."

• Hdac (HDAC)

"Hdac source code will be updated so that the block reward reduction according to the vote result will be applied on Thursday, October 18th"

• Vexanium listed on Coinone Indonesia (VEX/IDR). There will be a cashback program with a total worth of 2,000,000 VEX.

Community Meetup

• NEM (XEM), XRP (XRP)

COBINHOOD Listing

Sources: Coincalendar.info, Cryptocalendar.pro, Coinscalendar.com, CoinMarketCal

STEEM Trading Update by my friend @cryptopassion

Here is the chart of yesterday :

Here is the current chart :

As I was explaining you yesterday, a little correction was expected and is in progressed. That doesn't invalidate the UP trend till now as we stay quiet far from the MMA50. What we need to see soon is a new start of the UP trend which will validate that the current correction is just technical and that we stay bullish on the STEEM.

Last Updates

• 🗞 Daily Crypto News, October, 18th 💰
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