Daily Cryptocurrencies & Blockchain Update, October 1st, 10:00:00 CET
📬 Daily Cryptocurrencies & Blockchain Update, October 1st, 10:00:00 CET
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Bitcoin
🔼 Christine Lagarde, head of the IMF, warns central bankers that bitcoin is rising. She has told them not to discount digital currencies, because they are gaining more adoption and traction. Lagarde addressed this issue in a conference Friday in London. She said digital currencies might give existing currencies “a run for their money.” https://goo.gl/WjMCpu
🔽 Bitcoin and other cryptocurrencies are unlikely to weaken the Fed Reserve's influence on the U.S. economy. That's according to the president of the Federal Reserve Bank of Philadelphia, Patrick Harker, who issued the new remarks on the second day of a fintech event hosted by his organization, one of 12 regional institutions that today comprise the U.S. central banking system. https://goo.gl/JoFoke
🔼New Delhi: An LLB graduate, his girlfriend and two of his associates abducted a businessman and robbed him of Rs 36 lakh by luring him into a deal to buy Bitcoins through a website. https://goo.gl/BCVCFr
📶 Technical Analysis: https://goo.gl/F8Zac6
Ethereum
🔼 After noticing a marked increase in the number of initial coin offerings (ICOs) made in the country, Switzerland’s Financial Market Supervisory Authority (FINMA) has decided to take a closer look at this new, cryptocurrency-powered fundraising method. If you’re unfamiliar with ICOs, check out this explainer from Bitwage Founder Jonathon Chester before going any further. According to Coinschedule, over $2 billion has been raised via the ICO process in 2017 alone, with the vast majority of that money going towards tokens launched on the Ethereum network. https://goo.gl/9gPhX2
🔼 As the world’s second largest Ethereum exchange market, South Korea is evolving into an Ethereum powerhouse with a rapidly growing number of active developments, domestic projects and communities. In a move that wasn’t surprising, on Sep. 21 South Korea has passed China in total Bitcoin trading volume. https://goo.gl/FnshVj
📶 Technical Analysis: https://goo.gl/xVP5kn
ZCASH
🔼 "A myth," that's what one developer called it. At a meeting of the team behind the monero cryptocurrency last week, suspicion was high about a new item on the roadmap – so-called "zk-starks." Described as a "trustless" solution to a problem that's long prevented anonymous blockchains, to some of the developers assembled it sounded like fantasy. But while the blockchain industry is certainly no stranger to outlandish claims, the cryptographic technique is perhaps setting records in the levels of eyebrow-raising it has triggered. Heralded as a more secure version of zk-snarks, the creators of zk-starks claim their cryptography can remove the need for the contentious "trusted setup" necessary with the previous iteration of the idea. https://goo.gl/zRsrRw
📶 Technical Analysis: https://goo.gl/41XXeQ
Upcoming ICOs
🆕 Etherparty starts in 1 days https://etherparty.io/ico/
🆕 Dentacoin starts in 1 days https://www.dentacoin.com/
🆕 B2BX starts in 2 days https://www.b2bx.pro/
Blockchain News
🔼 Juniper Research has released the results of a survey indicating that International Business Machines (IBM) is the top provider of Blockchain among all other companies, with 43% of the vote. Instead of “International Business Machines,” IBM could very well stand for “International Blockchain Model” in the near future. On the same survey entitled, “Blockchain Enterprise Survey,” Microsoft came in second with 20% of the vote, followed by Accenture. Several factors were noted on the rise of IBM to the number one spot; however, most of them were credited to the use of Hyperledger and other research development efforts. https://goo.gl/iYmS1e
🔼 The top honors of the 4th Annual Central European Startup Awards (CESA) went to DECENT, the creators of an adaptable, purpose-based Blockchain system designed for seamless integration for companies and developers with a focus on purchasing and selling digital goods. https://goo.gl/1TCFuJ
🔼 Hashed Health has added Accenture as a member of the Hashed Health Blockchain Consortium, a group of leading health companies focused on accelerating innovation with Blockchain and distributed ledger technologies, as announced today at the Distributed: Health 2017 conference. https://goo.gl/PbEHLf
🚩 Avoid Iseiko.jp
🚩 Avoid Bostonltcminer.us
🚩 Avoid Mastercoinplus.com
Final Summary:
Volume QTUM and NEO have not stopped rising despite the absence of Chinese Exchanges? Total Market Cap looks poised to break $150BN next week. Ethereum is below $300 again while BTC has steadied off at $4300. XRP looks closely at a strong resistance of 0.200. Just 30 days until Bitcoin’s Birthday which crypto will break out first?
Key Events/Conferences Today:
Blockchain for Good HackathonDublin, Ireland
Enjoy your Day
Nextblock Team