🗞 Daily Crypto News, October, 29th💰

vlemon (76)in #cryptocurrency • 6 years ago

Institutions Are Coming for Your Crypto ;
IT Firm Fujitsu Builds Blockchain Settlement Trial Infrastructure for Nine Japanese Banks ;
World’s Largest Crypto Exchange OKEx to Delist 50+ Trading Pairs Due to ‘Weak’ Performance ;
Japanese Regulator: Stablecoins Are Not Cryptocurrencies Under Current Law ;
Crypto Exchange Bitstamp Acquired by Belgian Investment Firm in ‘All Cash Deal’ ;
📑 Daily Crypto Calendar, October, 29th💰
STEEM Trading Update by @cryptopassion

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

🗞 Institutions Are Coming for Your Crypto

The term "institutional crypto" sounds like an oxymoron. There's something quite ironic about financial institutions adopting a renegade technology that was designed to do away with them.

Yet a string of developments this past month suggests that – to put it bluntly – the institutions are coming for your crypto.

Whether this is something to be alarmed, excited or bemused by, depends on what you want out of cryptocurrencies and blockchain technology. Do you want fully independent control over your assets, a more efficient and inclusive global economy, or just to get insanely rich?

🗞 IT Firm Fujitsu Builds Blockchain Settlement Trial Infrastructure for Nine Japanese Banks

Japanese multinational IT equipment and services company Fujitsu will build an interbank settlement platform using blockchain technology as part of a joint project with nine domestic banks, Cointelegraph Japan reported Monday, Oct. 29.

Aiming to “confirm the viability of blockchain technology,” the trial of the platform is being orchestrated by the Japanese Banks' Payment Clearing Network, also known as Zengin-Net,
a press release confirmed.

🗞 Zcash To Hard Fork Monday, Enabling Lighter Private Transactions

The Zcash blockchain is set to hard fork on October 29, 2018, upgrading the network to make shielded transactions less computationally heavy, thereby making its currency easier to use.

The Zcash blockchain and coin (ZEC) went live in October 2016 with a focus on privacy by using zero-knowledge proofs. Zcash was the first big application of zk-SNARKs, a variation of zero-knowledge proofs that allow them to be used in blockchains and reduce their size and the computational strain on the network.

🗞 Japanese Regulator: Stablecoins Are Not Cryptocurrencies Under Current Law

Japan’s top financial regulator, the Financial Services Agency, has exclusively explained to news.Bitcoin.com how stablecoins are treated under current Japanese law. In addition to emphasizing that they are not virtual currencies, the regulator clarified the registration requirements for their issuers and dealers.

🗞 Crypto Exchange Bitstamp Acquired by Belgian Investment Firm in ‘All Cash Deal’

Cryptocurrency exchange Bitstamp has been acquired by Belgium-based investment firm NXMH in an “all cash deal,” Reuters reports today, Oct. 29.

Nejc Kodrič, CEO of the Luxembourg-registered exchange, reportedly revealed the deal had been closed Oct. 25, but declined to share the full terms. The CEO told Reuters that in 2016 Bitstamp was valued at $60 million, up from $39 million in 2014.

📑 Daily Crypto Calendar, October, 29th💰

General Event (CRYPTO), Hdac (HDAC), IOTA (MIOTA)

Improve IoT edge, security, and privacy through decentralized networks.

Holo (HOT)

Holochain Week Pittsburgh at Carnegie Mellon University, Pittsburgh, Pennsylvania.

Cardano (ADA)

Cardano ADA support on Trezor hardware wallet planned to be released in late October.

Callisto Network (CLO)

Callisto Network will be hosting next AMA on October 29, 19:00 (UTC0) with Dexaran (Co-Founder and CRO).

Ontology (ONT)

ONT Airdrop and Trading Contest Up To $340,000 Worth Of ONT Tokens To Be Given Away,kicking off on October 29 2018 on Liquid.com.

Naviaddress (NAVI)

Premium Naviaddress is the first smart digital address on blockchain. Premium Naviaddresses available in Switzerland from 29th of October!

Hdac (HDAC)

A partnership announced between Hdac and a huge automobile manufacturer from a top 12 GDP nation.

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 :

Look how the technical analysis is so powerfull... we have touched my support line at 0.77$ very precisely and we had a bounce from it as expected, exactly what I predicted some days ago. We have now to see in the coming hours what will happen because the bounce doesn't look very powerfull and we are going already in the direction of this same line. So I think a second test will be done soon and this support line must hold us or we have a risk of an important drop again.

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6 years ago in #cryptocurrency by vlemon (76)

$15.39

STEEM 0.19

TRX 0.13

JST 0.030

BTC 63749.66

ETH 3419.02

USDT 1.00

SBD 2.48