🗞 Daily Crypto News, October, 19th 💰
- With 18 Million Bitcoins Mined, How Hard Is That 21 Million Limit? ;
- Circle to Spin Out Poloniex Less Than 2 Years After $400 Million Takeover ;
- Fidelity Investments Fully Rolls Out Crypto Custody Service, Exec Says ;
- HTC’s Latest Blockchain Phone Can Run a Full Bitcoin Node ;
- Blockchain-Shy Bank of America Quietly Pilots Ripple Technology ;
- 🗞 Daily Crypto News, October, 19th 💰
- STEEM Trading Update
Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!
🗞 With 18 Million Bitcoins Mined, How Hard Is That 21 Million Limit?
In a matter of hours, the 18 millionth bitcoin will have been mined and the world’s first cryptocurrency will draw one step closer to its hard-coded cap of 21 million coins.
“The pie is shrinking. This [milestone] gives people some simple math to raise awareness about where we’re at in the [bitcoin mining] process,” said Alex Adelman, CEO of bitcoin rewards platform Lolli, adding:
“It’s good for people to see the progress of bitcoin, to look back on everything that has been done and will be done for the next 3 million. … You should pay attention to the next 3 million.”
🗞 Circle to Spin Out Poloniex Less Than 2 Years After $400 Million Takeover
Crypto exchange Poloniex is spinning out from its parent firm Circle, the companies announced Friday.
According to a pair of blog posts, Poloniex will now become Polo Digital Assets, Ltd., an “independent international company” backed by an unnamed Asian investment firm. The trading platform will not serve U.S. customers after this year.
U.S. residents have until Dec. 15, 2019 to withdraw their assets, with all trades being suspended on Nov. 1, 2019, the blog post said.
Poloniex said the company has “a multiyear plan to spend more than $100 [million] to develop and expand” its platform. As part of its offers, it will reduce trading fees to zero percent between Oct. 21 and Dec. 31, 2019.
🗞 Fidelity Investments Fully Rolls Out Crypto Custody Service, Exec Says
American financial services company Fidelity Investments has fully launched its cryptocurrency custody service.
Abigail Johnson, CEO of Fidelity Investments, revealed the development in an interview with the Financial Times published on Oct. 18. Johnson said that the company is ready to roll out its crypto custody business following a year-long preparation and accumulation of clients.
A nascent, but promising business
Last fall, Fidelity specifically indicated that it would provide an enterprise-grade crypto custody service to hedge funds, family offices and financial advisors. Johnson called that kind of service nascent and not developed, but noted its potential, saying:
“There are people out there with significant amounts of wealth in cryptocurrencies, probably Bitcoin, and they’re looking for somebody to hold those coins for them because in the event of their passing — which is going to happen at some point or another — you’ve got to have a plan to be able to get those coins to somebody else.”
🗞 HTC’s Latest Blockchain Phone Can Run a Full Bitcoin Node
Taiwanese electronics manufacturer HTC has launched its latest blockchain phone, the Exodus 1s, which enables users to support the bitcoin network.
Unveiling the device Saturday at the Lightning Conference in Berlin, the company claimed the new product is the first smartphone to be able to run a full bitcoin node, allowing it to propagate transactions and blocks anywhere.
“Full nodes are the most important ingredient in the resilience of the Bitcoin network and we have lowered the barrier to entry for any person to run a node,” Phil Chen, chief decentralized officer at HTC, said in a statement.
🗞 Blockchain-Shy Bank of America Quietly Pilots Ripple Technology
Bank of America, the second-largest bank in the U.S., has quietly tested out Ripple’s distributed ledger technology – and may be planning to do more with it.
Ripple went so far as to identify B of A as a “customer” in a presentation given at a seminar held by the International Monetary Fund (IMF) late last year.
When asked about this, a Ripple spokesperson would neither confirm nor deny whether B of A was a customer – but said the companies had conducted a pilot together.
“Bank of America has been part of Ripple’s Global Payment Steering Group since 2016 and we did a pilot with them,” she told CoinDesk.
🗞 Daily Crypto News, October, 19th 💰
- Chainlink (LINK), Cosmos (ATOM), General Event (CRYPTO), Enigma (ENG), Fetch (FET), FOAM (FOAM), IOTA (MIOTA), Ocean Protocol (OCEAN), RightMesh (RMESH)
Diffusion 2019 from October 19 - 20 at Factory, Berlin.
- DeepBrain Chain (DBC)
"Deploy Main Chain," during the third week of October.
- General Event (CRYPTO), Ravencoin (RVN)
"This “unconference” style event brings together some of the top financial tech innovators, researchers, company leaders, and other..."
- PCHAIN (PI)
"Main chain: Epoch 5, 82 nodes, 164,023,802 $PI, 7 Candidates, voting will start on Oct. 19th."
- Nash Exchange (NEX)
Nash will present their work from the third quarter of 2019. Team members will be present and to answer your questions in person.
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