Daily Cryptocurrencies & Blockchain Update, October 5th, 09:55:00 CET
📬 Daily Cryptocurrencies & Blockchain Update, October 5th, 09:55:00 CET
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Bitcoin
🔽 The president of Japan’s largest bank and financial group (MUFG) has claimed that the bank’s own digital currency, MUFG Coin, will do one better than bitcoin. The Bank of Tokyo-Mitsubishi (MUFG), Japan’s largest bank, revealed plans toward developing its own digital currency in early 2016. Dubbed “MUFG Coin”, the digital currency – based on a blockchain – is set at a fixed conversion rate of one coin equal to one Japanese yen. MUFG retail customers will be able to withdraw money from their bank accounts through an app on a smartphone which will then be converted to the digital currency. As reported by CCN in mid-2016, MUFG is also launching two-way ATM machines in spring 2018 where users will be able to withdraw the digital currency onto their smartphones or change MUFG coins into yen. https://goo.gl/VvNs9z
🔼 The chairman of Swiss banking giant UBS doesn't believe that bitcoin meets the full definition of a currency, according to new statements. Axel Weber, who previously served as head of the Bundesbank, Germany's central bank, made the remarks during an event in Zürich earlier today, according to Reuters. After noting that his skepticism toward the cryptocurrency "probably comes from my background as a central banker," Weber argued that in spite of arguments to the contrary, bitcoin only partially satisfies the common definition of a currency. https://goo.gl/9S4iRm
📶 Technical Analysis: https://goo.gl/BtCuY5
Ethereum
🔼Omise, the Ethereum-based payment gateway infrastructure provider, has entered into a strategic partnership with McDonald’s Thailand to implement its exclusive payments gateway onto www.mcdonalds.co.th and the McDelivery Thailand mobile app.
Since 2013, Omise has been collaborating with local financial institutions, banks, and fintech service providers in Thailand and Japan to create a cross-bank and cross-network blockchain-based financial platform. After launching Alipay Thailand and its payment gateway, the Omise development team secured $25 million in the ICO of OmiseGo, to power its payment gateway platform https://goo.gl/tS4MJg
🔽A form of digital token based on Ethereum known as Monaco gained as much as 695% in value since 17 May, when its issuing company tweeted that it would offer a Visa Inc.-branded payment card. Monaco didn’t have a deal with Visa https://goo.gl/kRMppG
📶 Technical Analysis: https://goo.gl/XRNrwo
Monero
🔼 When it comes to earning money with cryptocurrency, there are a few ways to go about things right now. Coinlink is a new project which lets people generate a “hidden” URL and earn Monero every time someone clicks on their link. It’s an interesting take on things, even though it may not be commonly used in the future. https://goo.gl/MKZTFf
📶 Technical Analysis: https://goo.gl/rq3jZc
Upcoming ICOs
🆕 Qvolta starts in 4 days https://qvolta.com
🆕 Modex starts in 2 days https://www.modex.tech
🆕 Red Pulse starts in 3 days http://coin.red-pulse.com
Blockchain News
🔼 A group of banks are teaming up with IBM to build a new global system for trade finance using blockchain technology that is designed to track goods and automatically release payments as they move around the world by plane, ship or truck. Bank of Montreal, Caixabank, Erste Bank and Commerzbank are joining the project called Batavia, which was launched by UBS and IBM last year and aims to start testing the technology using real transactions by early next year. https://goo.gl/sDfQ14
🔼The government of Malta is advancing a project to test the feasibility of using Blockchain technology for the recording of academic certificates. The government has partnered with Learning Machine Technologies to advance the project. Under the agreement, learners and workers in Malta can safely store their educational records and other credentials in one place, prove ownership of the records and credentials, and share them with anyone around the world for free. https://goo.gl/2s53kZ
🔼 Auctus, a startup company that’s aiming to build a platform for blockchain-powered pension funds, is launching the presale for its initial coin offering Oct. 3. It comes at a time when some of the largest retirement service companies are trying to tap blockchain technology because of its potential to increase efficiency in record keeping, document sharing, transaction settlements, contract execution, and business collaboration. https://goo.gl/BhHYtv
🚩 Avoid Claimbtcgpu.org
🚩 Avoid 100-3x.com
🚩 Avoid Bit-grove.com
Final Summary:
.As yesterday it seemed support may have been found. Decline continues, there is not one definitive reason but as we know China may be re-entering the market with “regulated exchanges” this could change a lot in regards of trading, volume and price are concerned. ETH is below $300 and BTC is approaching 4100. The total market cap sits at $141BN coinmarketcap.com/charts
Key Events/Conferences Today:
Enjoy your Day
Nextblock Team