TOP-10 news of the cryptocurrencies in October 2018

TOP-10 news of the cryptocurrencies in October 2018

» » TOP-10 news of the cryptocurrencies in October 2018

TOP-10 news of the cryptocurrencies in October 2018


Every first Thursday of the month, we publish the 10 most important news of the cryptocurrency market, in our opinion. Here are the TOP10 crypto news of October 2018

1. BAKKT BITCOIN (USD) DAILY FUTURES CONTRACT TO BEGIN TRADING ON DECEMBER 12, 2018

ICE Futures U.S., Inc. will list the new Bakkt Bitcoin (USD) Daily Futures Contract for trading on Wednesday, December 12, 20181. The Bakkt Bitcoin (USD) Daily Futures Contract is a physically-settled daily futures contract for bitcoin held in Bakkt LLC, ICE’s Digital Asset Warehouse, and will be cleared by ICE Clear US, Inc.
Each futures contract calls for delivery of one bitcoin held in the Bakkt Digital Asset Warehouse, and will trade in U.S. dollar terms. One daily contract will be listed for trading each Exchange Business Day.

2. CHINESE COURT CONFIRMS BITCOIN PROTECTED BY LAW

Shenzhen Court of International Arbitration ruled a case involving cryptos. Inside the verdict: CN law does not forbid owning & transferring bitcoin, which should be protected by law bc its property nature and economic value.

3. FIDELITY LAUNCHES INSTITUTIONAL PLATFORM FOR BITCOIN AND ETHEREUM

Fidelity Investments is spinning off a stand-alone company dedicated to bringing cryptocurrencies to institutional investors. Called Fidelity Digital Assets, the limited liability corporation based in Boston will provide enterprise-grade custody solutions, a cryptocurrency trading execution platform and institutional advising services 24 hours a day, seven days a week, designed to align with blockchain’s always-on trading cycle.

4. COINBASE CUSTODY RECEIVES TRUST CHARTER FROM THE NEW YORK DEPARTMENT OF FINANCIAL SERVICES

Coinbase Custody has obtained a license under New York State Banking Law to operate as an independent Qualified Custodian. Coinbase Custody will operate as a Limited Purpose Trust Company chartered by the New York Department of Financial Services (NYDFS).
Coinbase Custody is an institutional-grade service optimized for storing large amounts of cryptocurrency in a highly secure way. For the customers, operating under a New York State Trust Company it is more than just a new license — it’s an important piece of regulatory clarity that will allow to compliantly store more assets and add new features like staking.

5. THE LAUNCH OF THE LIQUID NETWORK – THE WORLD’S FIRST PRODUCTION BITCOIN SIDECHAIN

The Liquid Network is an innovative sidechain built on the Bitcoin network, facilitating faster bitcoin transactions between businesses and individuals, while enabling extended functionality.
The Liquid Network provides fast, secure, and confidential transactions to address the needs of exchanges, brokers, market makers, and financial institutions around the world.

6. ENTERPRISE ETHEREUM ALLIANCE AND HYPERLEDGER TO ADVANCE THE GLOBAL BLOCKCHAIN BUSINESS ECOSYSTEM

The Enterprise Ethereum Alliance (EEA), the global standards organization driving the adoption of Enterprise Ethereum, and Hyperledger, The Linux Foundation open source collaborative effort advancing cross-industry blockchain technologies, today jointly announced they have become Associate Members, respectively, within each other’s organization. The open-source, standards-based, cross-platform collaboration between the two organizations will contribute to accelerating mass adoption of blockchain technologies for business.
With hundreds of member companies combined, the EEA and Hyperledger communities represent a wide variety of business sectors from every region of the world.

7. INTRODUCING WBTC: THE POWER OF BITCOIN WITH THE FLEXIBILITY OF ERC20

Today announcing Wrapped Bitcoin (WBTC), a collaborative effort with a community of partners to bring Bitcoin to the Ethereum network as an ERC20 token. The token will bring the stability and value of Bitcoin to Ethereum’s expansive ecosystem of decentralized applications.
BitGo will provide custody of the Bitcoin and tokenize it by minting WBTC together with approval from community members. It’s an exciting opportunity for us to build on our mission: making digital currencies usable for business.

8. THE BIT10 – INTRODUCING THE WORLD’S FIRST CRYPTOCURRENCY INDEX FOR RETAIL INVESTORS

As of today, anyone around the world can invest in the new Bitwise 10 Crypto Index Token (BIT10) through the Abra app. The new token tracks the professionally-managed Bitwise 10 Large Cap Crypto Index through a partnership with San Francisco-based Bitwise Asset Management, the leading provider of cryptocurrency indexes.
The BIT10 gives retail investors a simple way to benefit from the diversification and rebalancing of index investing. Now, by holding one asset, Abra users can gain exposure to 80% of the crypto market.
Each month, the set of 10 coins is rebalanced by Bitwise, adding, removing, or adjusting weights of coins to adjust to the constantly changing market.

9. STELLARX – DECENTRALIZED COMMISSION FREE TRADING PLATFORM BY STELLAR IS FULLY OPEN

“Using StellarX, costs you nothing. We take no fees and, even above that, we refund all network costs, something no other decentralized exchange can match. All the while, you have sole control over your assets, so whenever there’s interest, it’s yours. We’ve even written our own fee out of our agreements with deposit partners, who, we’ve found, often put in a percentage by default.”

10. TEZOS MAINNET IS LIVE

On June 30, the Tezos Foundation proposed a genesis block that became the seed of the Tezos network. For a time following the proposal, there was an expectation that, while fully operational, the network had a higher likelihood of experiencing unscheduled downtime along with maintenance and adjustments, and so we regarded the network as a betanet. Over the course of the last few months, we have been happy to see the network operating smoothly and efficiently. The community has been actively engaged, with more than 400 validators (“bakers”) scheduled for an upcoming cycle. In addition, the community has been developing an array of exciting technologies and other tools to increase community engagement, understanding of the network, and adoption.

 

Read the full review of the news at the new issue of our Rising Blockchain Magazine.