Exclusive Content From Blockchain Fest, Istanbul, Picks of the Day
- We unpack problems” - that's the motto of the first day. Pınar Emirdağ from State Street: “When I started being interested in blockchain, there were just people interested in bitcoin. For the last years it was changing ... then again and vice versa. But the diversity cases, the property right, they were there regardless of time. We unpack problems nowadays”. One thing inspires another, as the sphere is relatively new. So, should we chase the tech or just get rich of bitcoin?
- We spoke exclusively with the Head of International Markets at Binance, Ted Lin during Blockchain Fest in Istanbul.
Binance testing exchange in Singapore? - “There will be fiat to crypto pairs but not crypto to crypto pairs, introduced alongside the Singapore dollar.”What about stable coin exchange in Malta? - “So, we are very much aware and very careful about the securities laws in different countries. But with the advent of a partnership with the Maltese Stock Exchange, we will be able to create a crypto exchange and host the security tokens exchange pairs.”
- “You regulate because you see the need, we felt the need” - Ian Gucci of GTG Advocates talking about Malta.
Tezos Mainnet Up And Running
The Tezos Foundation have issued a press release announcing the official launch of their mainnet. After the bumpy ride that the foundation went through, it is good to see that their efforts were not in vain and that the mainnet has been successfully launched.
WHY IS IT IMPORTANT?
- Tezos is currently the 17th largest crypto, as according to CoinMarketCap.com. Interestingly enough, the mainnet launch itself has not made the price go up like the announcement of the mainnet did. The XTZ costs $1.45, at the time of publication, with a market cap of about $879,5 million.
- The Tezos community has long been waiting for this transition, and now that it has occurred, we can expect to see the XTZ popping up in numerous crypto exchanges.
Bitfinex Releases Ethfinex Trustless Exchange
One of the largest cryptocurrency exchanges, the Hong Kong-based Bitfinex has announced the launch of a decentralized trading platform called Ethfinex Trustless. Users will now be able to buy and sell and trade between 57 ethereum based tokens without having to register or verify their ID.
WHY IS IT IMPORTANT?
- The blog adds that Ethfinex Trustless will not suffer from the same issues that affect the centralized exchanges, like delays on transactions, long queues to reach support and the risk of losing assets in case of a cyber attack.
- The ability to connect to the platform through a hardware wallet will spare the need to withdraw or deposit digital assets. Also, liquidity issues are not a threat since the platform is directly linked to Bitfinex and Ethfinex order books.
Bank of China warns investors of ICOs
The People's Bank of China (PBoC) issued a statement urging investors not to take risks trading cryptocurrencies and participating in ICO. The statement was published by the Shanghai branch of the bank. The document calls on investors not to participate in a token sale of foreign startups and "to avoid the speculative trade with cryptocurrencies".
WHY IS IT IMPORTANT?
- A year ago China banned ICOs. The report says that during this time the share of internal transactions with cryptocurrencies fell from 90% to 5% "effectively avoiding the cryptocurrency bubble caused by a sharp increase of digital assets in the second half of 2017".
- In August, the authorities reported that they found 124 sites using foreign IPs and promised to block them. A few days ago it became known that already banned crypto exchanges are still working with Chinese citizens.
Bittrex Adds Fiat Pairs to Litecoin and TRON
Trading pairs with the US dollar to the cryptocurrencies Litecoin and TRON have been added by the American crypto exchange Bittrex. They became available to users on September 17. In order to start working with fiat money, the company's customers need to fill out a special application on the official website.
WHY IS IT IMPORTANT?
- This news has had a positive impact on the value of cryptocurrencies. Now the average market value of Litecoin is $53.49. The cost of TRON is $0.019264.
- Note that recently Bittrex has been very active on the crypto market. Earlier, the crypto exchange has announced the opening of an international unit that will develop the platform outside the US. In addition, representatives of the company reported launching an exchange in Malta.
At 17:00 (GMT+1) total cryptocurrency market capitalization stands at $199,4 billion
- Bitcoin (Bitcoin) $6373 (+0,71%)
- Ethereum (ETH/USD) $210 (+0,35%)
- XRP (XRP/USD) $0,32 (+16,72%)
- Bitcoin Cash (Bitcoin.Cash) $439 (+3,05%)
- EOS (EOS/USD) $5,08 (+0,49%)
XRP (+16,72%) showed the best growth in the top-100
Market Dynamics
The trading volume of cryptocurrencies for 24 hours reached $13,2 (+1,4 billion per day)
Mining Profitability
- BTC $2,4 for 10 TH/s
- ETH $0,16 for 10 MH/s
- BCH $0,23 for 1 TH/s
- LTC $3,09 for 1 GH/s
- DASH $0,09 for 1 GH/s
Ongoing ICOs:
Expected ICOs:
- 26 September Cryptyk
- 1 October Open Packaging Network
- 1 October Tiberius
- 2 October CryptoCasher