Key Facts Of The Day 25.10.2018

Coinbase Still Preparing for IPO?

Coinbase, the largest cryptocurrency company in the United States, is preparing for an initial public offering (IPO). CNBC presenter Ran Neuner provided this information in his tweet. He also attached statistical information about the company to the message. According to this data, so far 25 million accounts have been registered on Coinbase, 7 million of them have a non-zero balance, and 600,000 are used to trade monthly.

Ran Neuner promised to reveal the details of the Coinbase IPO tomorrow in the Cryptotrader material. In the meantime, we remind that the company is in the final stages of negotiations on a new round of financing amounting up to $500 million, which will increase its investment valuation to $8 billion.

SEC Talks to Industry, Is Bitcoin-ETF a Go?

Representatives of an investment firm VanEck, blockchain-company SolidX and CBOE exchangemet with the U.S. Securities and Exchange Commission’s (SEC) Elad Roisman and his counsels, to discuss the future of their application for Bitcoin-ETF, which is currently under consideration by the commission.

The Memorandum of the meeting, which took place on October 9, came to light only now. The VanEck SolidX ETF application was placed in August, and since then both companies have been waiting for its approval. VanEck during the discussion with the regulator has even prepared the presentation that according to them proves the feasibility of approving the application.

In the Flames of Redemption: 500M Tethers Burned

On October 24, Tether, which produces the stablecoin under the same name, announced on Twitter that it had destroyed 500 million USDT tokens.

Tokens were stored in an account known as the Tether’s treasury. Over the past few weeks, there has been a massive influx of tokens into it, especially after last week the cryptocurrency lost parity with the U.S. dollar.

What Else:

Bakkt’s platform for cryptocurrency trading intends to obtain permission from the U.S. Commodity Futures Trading Commission (CFTC) to launch deliverable physical bitcoin futures as early as next week.

According to the recent report of local media Nikkei Asian Review, Japan's Financial Services Agency (FSA) is considering limiting the amounts that crypto margin traders can borrow to two to four times of their deposits.

News Reporter According to the data and report of trusted cybersecurity firm Group-IB, the number of accidents with 51 percent attacks on cryptocurrency projects grows exponentially.

According to the press release of Sony Computer Science Labs, international tech giant had created a contactless cryptocurrency hardware wallet. The company hasn’t named its new product yet.

According to the report of music industry Magazine Vents, one of the biggest rap groups Wu-Tang Clan announced the launch of their own cryptocurrency called ODB.

At 19:00 (GMT+1) total cryptocurrency market capitalization stands at $209.2 billion

Veritaseum (+15.80%) showed the best growth in the top-100

Market Dynamics

The trading volume of cryptocurrencies for 24 hours reached $9.45 billion (-0.21 billion per day)

Mining Profitability

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