Daily Cryptocurrencies & Blockchain Update, September 30th, 10:30:00 CET

📬 Daily Cryptocurrencies & Blockchain Update, September 30th, 10:30:00 CET

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Bitcoin

🔼 Japan’s Finacial Services Agency (FSA) announced last Friday that they are endorsing 11 different cryptocurrency exchanges. This sets Japan on a path to becoming the headquarters for everything Bitcoin, especially since China recently crippled their crypto market by banning exchanges. This means Japan now represents one of the most cryptocurrency-friendly countries in Asia. https://goo.gl/NFD6Vw

🔽 Fees for sending money over the distributed-ledger network have risen nearly 19-fold, from 13 cents per average transaction in the second quarter of 2016 to $2.40 in the same quarter of this year, according to researcher CoinDesk. While they’ve moderated somewhat since, the fees still undermine the San Francisco-based company’s business model, which is built around writers receiving small payments from readers of their posts. https://goo.gl/u8ethm

🔼The acting comptroller of the currency for the U.S. Treasury Department has said he is open to the idea that a new breed of banks might one day conduct business in bitcoin and other cryptocurrencies. Speaking at an event hosted by the Federal Reserve Bank of Philadelphia Thursday, Keith Noreika, the newly named director of the agency tasked with supervising all national banks, went so far as to state publicly that he foresees a future in which bitcoin companies might be granted "fintech charters" – proposed licenses designed to simplify the way startups do businesses across state borders. https://goo.gl/cUXhWK

📶 Technical Analysis: https://goo.gl/nDPWDQ

Ethereum

🔼 The crypto startup ETH888 has created an Asian-style online casino on the Ethereum blockchain where participants can play without registering. According to the organization, based on 2016 stats, the online gambling industry’s value is standing near $45 billion. With the rapid growth of the internet community and the infrastructure expanding, online casinos have gained a quite large market share with the Asian market contributing a large portion. However, the industry faces two major issues: fairness and privacy. As many of the online casinos do not provide full transparency for their clients, the lack of transparency forms a barrier between the service providers and the players. Furthermore, “traditional style” online casinos require the players to register an account and verify their identities in order to play, and to use either their credit cards, bank accounts or other payment services to facilitate transactions in fiat currencies. https://goo.gl/YT82k5

🔼 The Financial Market Supervisory Authority (FINMA) of Switzerland is mandated to oversee financial legality within Swiss markets. Today, a post on the FINMA website revealed that for the second time in as many weeks, FINMA has approached cryptocurrency regulation. This comes on the heels of several counterpart institutions from other nations also taking positions on the token offering craze. Moreover, this latest action from the Swiss regulator may have been influenced by the recent visit of Johann Schneider-Ammann, Swiss federal councilor and head of the Federal Department of Economic Affairs, to Zug valley, which is an international blockchain and cryptocurrency development hub. https://goo.gl/nCsBoE

📶 Technical Analysis: https://goo.gl/r3bxCf

NEO

🔼 On October 9th, NEO will be hosting the “New Blockchain Landmark” event at INNOSPACE in Shanghai. The topic of the event will be “NEO Global Developer Community Building”. https://goo.gl/FW4MQm

📶 Technical Analysis:https://goo.gl/Mr3f4g

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

🔼 A joint venture between Swiss-based blockchain content distribution platform DECENT and Venaco Group, an independent "best-in-class" SAP advisory, innovation and implementation services firm, has revealed the formation of a blockchain platform and marketplace for “businesses of all sizes,” called SophiaTX. The business behind the venture plans to launch an initial coin offering (ICO) in the next few months. https://goo.gl/qbcm18

🔼 Customer loyalty and engagement are among the most important metrics for measuring modern retail company’s success. To woo potential customers and reward the long-standing ones for their patronage, almost every successful business nowadays employs loyalty programs of some sort. https://goo.gl/z4dpvG

🔼 A blockchain working group within the US State Department is hosting an event in Washington, DC, next month. The Blockchain@State initiative has organized a one-day workshop, bringing together representatives from the various offices within the State Department (plus other parts of the US government) as well as those from the private sector. The goal of the event, according to the group, is to "explore both the policy implications and potential applications" of the tech within the context of US diplomatic efforts. https://goo.gl/bMPJh1

🚩 Avoid Zcash-wallet.org
🚩 Avoid Bittrading.cc
🚩 Avoid

Final Summary:

With majority of the cryptos in the green. Is the bull run back on? It looks like the South Korea news was already priced into the market as most cryptocurrencies shake off the losses from the news. As major resistances have now been re broken expect high volumes over the weekend.

Key Events/Conferences Today:

Blockchain for Good HackathonDublin, Ireland

Enjoy your Day
Nextblock Team