Headlines for the world of Cryptocurrencies - October 06, 2018

in #cryptocurrency5 years ago (edited)

Binance Invests $2.5 Million in Blockchain-Based Travel Startup

Business Insider has confirmed reports that Binance has partnered with TravelbyBit, a Queensland-based blockchain startup to develop a point-of-sale (POS) payment system for airports around the world.

The partnership enables merchants at international airports to accept payments in Bitcoin and other digital assets.

Users will be able to use their digital assets to book travel plans.

The main aim of the initiative is to encourage travelers to adopt digital currencies.

According to Binance CEO, Chengpeng Zhao, with the new platform, it will enable travelers get better rates than those currently being offered by traditional forex cards or over-the-counter solutions from local exchanges.

Binance is leading the way to blockchain innovation with its back-to- back investments in promising starts ups.

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Holding 0.28 BTC Makes You Part Of The 1%

According to former Google Product Director Steve Lee, only 1% of the world’s population can own more than 0.28 BTC.

That is a modest investment of $1830 today.

It has been a known for fact that the scarcity of Bitcoin will increase as more investors and institutions continue to accumulate the cryptocurrency.

This is compounded by the fact that some experts believes that around 4-6 million BTC are estimated to have been lost either by lost wallets, private keys and dormant account of Bitcoin creator Satoshi Nakamoto which is believed not anymore accessible.

Kim Gauer the Senior Economist at Chainalysis which is a blockchain forensic company that monitors and investigates cryptocurrency transactions, said that the total lost supply of BTC is not taken into consideration by the market cap, which means that the actual price of BTC might be significantly higher.

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TD Ameritrade Sets Their Eyes On Cryptocurrency Market

TD Ameritrade which has around $38.627 Billion in assets held for their investment clients has started their foray into the crypto-space albeit not in the way other stock brokerage have opted to enter the space.

Instead of adding cryptocurrency options in their existing platforms, the TD Amerotrade have invested in a little-known new exchange called ErisX.

According to the head of futures and foreign exchange trading of the the firm, JB Makenzie, they have been looking for a platform that would be fully regulated and something that has the capital market feel and believes that ErisX has these attributes.

The said platform supports trading, deposits and withdrawals for bitcoin, bitcoin cash, Ethereum and Litecoin. Soon the platform will also offer Bitcoin futures pending approval from the CFTC.

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US Legislators Files Bill To Define Blockchain Technology Definition

Two U.S legislators namely, Rep. Doris Matsui and Rep Brett Guthrie have recently proposed a bill called the “Blockchain Promotional Act 2018” in congress.

This was revealed by Matsui’s website last Monday Oct. 1.

The bill addresses the issue of different definition of blockchain technology in different draft bills.

The draft bill proposes that the U.S. Department of Commerce to create a working group that consist of both federal offices and members of the blockchain industry to form a common definition of blockchain.

Aside from this task the working group will also consider recommendations from other government agencies such as the National Telecommunications and Information Administration (NTIA) and Federal Communications Commission (FCC) to study the potential impact of blockchain technology in policy making.

Matsui believes that blockchain technology could transform global digital economy and the government should actively participate in identifying opportunities to deploy blockchain technology for greater transparency, better efficiencies and a more robust security in whatever applications they are deemed applicable.

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Ripple Shaping Up To Be The Microsoft Of Crypto

The CEO of the Blackmore Group and Wealth Chain Group, Philip Nunn says Ripple XRP is well positioned to be the go-to digital currency for business: the Microsoft of crypto.

He also reveals that he has never been a supporter of Ripple but with recent serious moves coming from Ripple XRP they might as well become one.

He reveals that most other cryptocurrency stay focused in product development but XRP is focusing in adoption similar to the moves Microsoft during the advent of the internet.

The next wave of crypto is all about adoption, and XRP and Ripple are getting into all the banks and positioning themselves.

Ripple stands as the third largest cryptocurrency based on capitalization after leaders Bitcoin and Ethereum, with some rare moments taking the second place from Ethereum.

Nunn is not the only CEO with a good outlook for Ripple.

Nigel Green, founder and CEO of deVere Group said last week that the price of XRP might reach $1 by the end of the year.

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Headlines for the world of Cryptocurrencies - October 05, 2018

CFTC Chairman Says Crypto Is Here To Stay / Former Hong Kong Regulator Becomes Bitmex’s COO / Coke Vending Machine Accepts Bitcoin Using Lightning Network / Brazil Allows Investment Funds To Buy Bitcoin Indirectly / Bank Of America Sees Blockchain Major Boost To Amazon And Microsoft

Headlines for the world of Cryptocurrencies - October 04, 2018

Two Largest Enterprise Blockchain Consortiums Partners Together / Hong Kong Launches 24x7 Instant Payment System / DeVere CEO States Bitcoin On The Verge Of Global Breakout / Wyoming Drafting Legislations To Enable Blockchain-Friendly Bank / More Stringent Chrome Extension Rules

Headlines for the world of Cryptocurrencies - October 03, 2018

Malta Prime Minister States That Crypto Is Inevitable Future Of Money / Binance’s Decentralized Exchange / China’s Oldest Science and Tech Publication Now Accepting Crypto / Wyoming The Next Crypto Valley According To Caitlin Long / Former President Bill Clinton Sees Great Potential in Blockchain Technology

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