Binance Invests in Auditor, Cleans House
Binance Labs, the startup development division of Binance cryptocurrency exchange, has participated in funding a platform for auditing smart contracts and blockchains, CertiK. The next day, Binance reports the first major token delisting from the platform.
CertiK helps blockchain startups to ensure the security of solutions by providing a service for their official verification. The team is already working with existing projects and helping them to make sure that there are no errors in their code that could lead to loss of user funds and other undesirable consequences.
Today Binance Exchange announced the first major delisting of digital assets, under which the cryptocurrency Bytecoin, Iconomi, ChatCoin, and Triggers will be removed from the listing.
PwC Aims To Develop Stablecoin Technology
PwC, a London-based multinational services company, together with Cred, a blockchain lending platform, is to work together on developing stablecoin technology in order to bring more people and awareness to the crypto, in particular to stablecoins.
The PwC U.S. Blockchain and Cryptocurrency Leader, Grainne McNamara, said: “We are eager to leverage our proven industry experience to support a quickly developing asset class and its associated market infrastructure components. We believe this exploration of the blockchain infrastructure and associated operational frameworks can help the industry develop an increased level of comfort.”
Coinbase Smiles & Waves While Trade Volumes Drop
A report released by diar shows that the Coinbase’s trading volumes are at a year’s low.
The exchange’s trading volumes are the lowest they have been in a year despite a highly productive Q3. Some like the blockchain technologist Preston Byrne, believe that Coinbase is currently in a vulnerable position. With that in mind, read our recap what the U.S exchange has been recently up to.
EU Concerned Over Absence of ICO Regulations
The regulatory institution of the EU, the European Securities and Markets Authority (ESMA), is going through all initial coin offerings (ICOs) in order to establish in what way should they be regulated.
Steven Maijoor, chair of ESMA, is looking into how ICOs fit into existing regulatory laws, and what is their competitive role in the fundraising sector. Maijoor disclosed to the European Parliament’s economic affairs committee:
“Some of these ICOs are like a financial instrument. Once it is a financial instrument it comes under a whole regulatory framework. The subsequent question is what do we do with those ICOs that are outside the regulatory world. We will assess that as a board. We expect to report by the end of the year”.
What Else:
- Jack Ma, the chairman of Alibaba and Ant Financial, a Chinese financial conglomerate, has said that he pays special attention to bitcoin and blockchain technology to create a fully cashless society.
- Chinese e-commerce giant Alibaba has filed a patent application for a system that allows a third-party administrator to intervene in a smart-contract in case of illegal activities.
- Bitcoin Core developer Jimmy Song stated that it’s better to use credit cards as payment than Bitcoin. He believes that this approach is more rational and convenient than using multiple on chain transactions.
- Vitalik Buterin, the founder and CEO of Ethereum doesn’t have plans to leave the company in foreseeable future. In his response to a tweet of another user, Vitalik denied the rumors that he was leaving the company.
At 20:30 (GMT+1) total cryptocurrency market capitalization stands at $219.7 billion
Bitcoin (Bitcoin) $6638 (-0.33%)
Ethereum (ETH/USD) $228 (-0.76%)
XRP (XRP/USD) $0.47 (-2.76%)
Bitcoin Cash (Bitcoin.Cash) $517 (-2.11%)
EOS (EOS/USD) $5.93 (-0.42%)
Noah Coin (+15.28%) showed the best growth in the top-100
Market Dynamics
The trading volume of cryptocurrencies for 24 hours reached $11.1 (-1 billion per day)
Mining Profitability
BTC $2.2 for 10 TH/s ↗️
ETH $0.17 for 10 MH/s ⏸
BCH $0.22 for 1 TH/s ↘️
LTC $3.12 for 1 GH/s ↗️
DASH $0.09 for 1 GH/s ⏸
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