Reserve Bank of Australia Official ‘Not Convinced’ of Need for Digital Dollar

The Reserve Bank of Australia (RBA) assistant governor Michelle Bullock said that the bank has not been convinced of the need to create a digital Australian dollar, local business and finance news outlet The Australian Financial Review reported Oct. 24. Speaking at the Sibos 2018 banking and financial conference in Sydney, Bullock reportedly said that she is “interested to consider what frictions these technologies are designed to address [but] in many cases I just don’t see what the point is.” Among “touted” benefits digital currency could provide to central banks,…

North Korea Allegedly Backed Two Cryptocurrency Scams This Year

According to a new report from U.S.-based security firm Recorded Future published on Oct. 25, the North Korean government has sponsored at least two scam coins. In the report entitled “Shifting Patterns in Internet Use Reveal Adaptable and Innovative North Korean Ruling Elite,” Recorded Future’s research team Insikt Group mentions two alleged altcoin scams tied to North Korea. The first scam coin allegedly backed by North Korea is called Interstellar coin, and was found by Insikt Group in June 2018. The coin has reportedly been rebranded a number of times,…

Ripple Reports Double Revenue From XRP Token Sales in Third Quarter of 2018

American tech company Ripple reported that its revenue from XRP token sales doubled in the third quarter (Q3) compared to the second quarter (Q2) of 2018, according to the company’s quarterly report published Oct. 25. In the Q3 2018 XRP Markets Report, the company reveals that  it sold $163.33 million worth of XRP in the Q3, which is more than double the $73.53 million it sold in the previous quarter. The sales were distributed between Ripple and its subsidiary XRP II, LLC, which saw $65.27 million and $98.06 million sales…

European Crypto Mining Firm Bitfury Considers Going Public

Blockchain technology company Bitfury is considering a potential Initial Public Offering (IPO), which could reportedly become the first major public listing in the crypto industry in Europe, Bloomberg reported Oct. 25. People familiar with the matter reportedly told Bloomberg that Bitfury is examining a range of options including raising debt financing or selling a minority stake. Should Bitfury go public in the following two years, its value could reach from $3 billion to $5 billion. However, the numbers could change depending on the markets and the health of the industry,…

Vietnam’s Largest Telecoms Company Enters Blockchain Sphere, Aims to Be Industry Leader

The Viettel Enterprise Solutions Corporation has set a goal to become Vietnam’s leading blockchain technology provider in five years, local news outlet Viet Nam News reported Oct. 25. The Viettel Enterprise Solutions Corporation is a development and innovation wing of Vietnam’s largest telecommunications operator Viettel Group. The Viettel Enterprise Solutions Corporation was established earlier in October to focus on providing information and communication technology solutions to the governmental and commercial sectors, and to assist in building a digital government. Speaking at a workshop called “Blockchain at Viettel,” the company’s deputy…

Litecoin (LTC/USD) Price Analysis: LTC Steady above $50

Price wise, LTCUSD is stable and still ranging/accumulating along $50. Though strong fundamentals are missing to back our bullish outlook and recommendation of short term buys with stops at $50, technical and favorable candlestick formation advises our upbeat forecast. Latest Litecoin News Thing is, Charlie Lee, the social-media active founder of the world’s seventh largest cryptocurrency, should be counting his victories. It all goes back to Mt Gox and his objective of working closely and even liaising with major world exchanges to offer support for Litecoin. Ever since MtGox announced…

EOS Demand High as IOTUSD Reverse from 50 Cents

Today, odds are we might see higher highs after 10 days of horizontal and price inactivity. Therefore, following 90+ percent drops from 2017 highs, IOTUSD, EOSUSD, LTCUSD and TRXUSD could print higher by end of week. Let’s have a look at these charts: EOS/USD: EOS Price Analysis Even with “unacceptably” low trading volumes and thin order books, blockchain adoption is spreading. We can gauge this high level of adoption by the number of blockchain transactions of the top five crypto platforms. Most unexpectedly, this spike in market activity is printing…

HUOBI Group Sets up Shop in Africa, Middle East and South Asia

Huobi Group revealed at the World Blockchain Summit in Dubai that the company is looking to expand its operations to the Middle Eastern, African and South Asian markets in a bid to provide services to its unbanked or underbanked residents. Co-founder Mohit Davar commented, “As Dubai is leading the blockchain effort in the region, it made sense for us to set up our regional head office here.” Huobi’s Dubai office will cover these three new areas to potentially replicate its ecosystem model, which was first established earlier this year as…

Coinbase Lawsuit at a Standstill as Judge Grants Motion to Dismiss

The judge presiding over a class action lawsuit against Coinbase over allegations of insider trading has approved Coinbase’s motion to dismiss the suit. In March of 2018, Jeffrey Berk filed a class action lawsuit in the Northern District of California on behalf of himself and other investors against Coinbase. Specifically, the suit alleges that Coinbase had engaged in insider trading by alerting its own employees that Coinbase would fully support Bitcoin Cash at a later date, after publicly stating that they would not. The suit goes on to allege that…

The USDC Stablecoin is launching on Coinbase Pro – The Coinbase Blog

Click to convert large quantities of USD into USDC and back. Then trade BTC and ETH for USDC. As of 10.30am PT on Thursday, October 25, Coinbase Pro is launching support for the USDC stablecoin. Here’s what that means: Starting immediately, users can deposit normal US dollars (USD) and click to convert them to USDC with no fee Also starting immediately, users can send and receive USDC into and out of their Coinbase Pro accounts After a minimum of 12 hours, once sufficient liquidity is established, trading will begin on the…