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Today's News Pickup [English]

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Coincheck Resumes the Deposit and Withdrawal of BTC, ETC, LTC and BCH

Coincheck released an announcement that the exchange will resume the following services: 1. New user registration; 2. Deposit and withdrawal of BTC, ETC, LTC and BCH; 3. Trading of ETC, LTC and BCH (BTC's trading has not been suspended). As reported by CoinNess.com, Coincheck has a deficit of 847 million yen (about $7.6 million).
https://corporate.coincheck.com/2018/10/30/60.html 

 

China's Payment Giant Alipay Taps Blockchain to Speed up Claims Process

JING Xiandong, CEO of Ant Financial, the financing arm of the multi-national giant Alibaba, announced the all-around upgrade of its "World Small-Micro Merchants Development Plan" at the first summit of the same theme.

JING attached significance in his speech to the roles that the small- and micro-scale of merchants play in China's digital economy. He went on to emphasize the application of blockchain tech in Alipay's claims process, which, according to him, has shortened the verification to within one second.
http://tech.caijing.com.cn/20181029/4530297.shtml 



CoinNess.com Market Surveillance October 30: BTC Fluctuates Near $6350

As of 03:00 (UTC) on October 30, BTC is trading sideways around $6,350, while the global average price of BTC is fluctuating near $6,337.

The broad market is in a downward trend, with only 9 out of Top 100 cryptocurrencies by market cap rising.

The global market cap marks $203.06 billion, while the 24-hour trading volume is $11.75 billion.

Major Coins

1. BTC quotes show $6,356.00 USDT on Binance, $6,354.90 on Bitfinex and $6,260.98 on Coinbase Pro;

2. CoinNess.com Market Index presents quotes for major cryptocurrencies besides BTC as following: ETH marks $197.02 (- 3.89%); BCH marks $417.61 (- 4.91%); ETC marks $9.07 (- 5.61%); LTC marks $48.95 (- 5.67%); XRP marks $0.444 (- 3.63%).

Top 3 Gainers and Losers

1. Top 3 gainers among Top 100 cryptocurrencies by market cap: NXT (+ 4.62%), DGD (+ 3.88%), WTC (+ 3.39%);

2. Top 3 losers among Top 100 cryptocurrencies by market cap: R (- 10.79%), VERI (- 10.16%), DCN (- 9.22%).

Top 3 Gainers and Losers in Categories

1. Top 3 gainers among 52 categories: Gold Chain (+ 4.73%), Credit Investigation (+ 3.25%), Decentralized Transaction (+ 2.97%);

2. Top 3 losers among 52 categories: Education (- 27.15%), Time and Sale (- 7.69%), Side Chain Concept (- 4.86%).

Coins/Exchanges Inflows and Outflows

1. Top 3 capital inflows within the last 24 hours: LTC (+ $248.50 mln), ETC (+ $64.13 mln), DASH (+ $50.77 mln);

2. Top 3 capital outflows within the last 24 hours: ETH (- $136.66 mln), EOS (- $27.99 mln), XRP (- $11.03 mln);

3. Net inflows/outflows of exchanges: Binance (- $1.77mln), Bitfinex (- $17.62 mln) and Coinbase Pro (+ $2.50 mln).


EOS NewYork Rolls out ECC to Cater to Windows Developers

According to an official announcement, EOS NewYork has created EOS Easy Contract (EEC) to make the life of the EOS Windows Smart Contract developer a little easier. EEC allows EOS developers to get started writing a smart contract using Visual Studio Code, in minutes without having to compile any software. Nor does it require knowledge of the complex EOS ecosystem used to build smart contracts.
https://medium.com/eos-new-york/supporting-the-windows-eos-developer-eoseasycontract-tutorial-dev-libraries-7aa304f4a3c6

 

Binance CEO: WEX Cold Wallets that Moved Funds Through Binance Have Been Frozen

A Twitter User questioned that WEX cold wallets are moving funds through Binance, which means that Binance is potentially help launder millions of dollars worth of stolen funds from WEX users.

ZHAO Changpeng (cz_binance), CEO of Binance, replied to the query and said that the identified accounts had been frozen, and users should report to law enforcement and have a case number.

He added, "We will work with LE. This is part of centralization they hate too, dealing with other exchange's mess (we don't even know the details). But we will do what we can."
https://twitter.com/cz_binance/status/1057080119385157632 

 

Blockstream's Liquid Network Launches with Xapo, BitMEX, Bitfinex and Korbit as Members

The popular blockchain and crypto-related firm Blockstream has recently announced the launching of the Liquid Network. The company explained that it has already 23 different recognized members in the cryptocurrency community. Some of them are Xapo, Korbit, Coinone and OKCoin, among others.
https://bitcoinexchangeguide.com/blockstream-liquid-network-launches-with-xapo-bitmex-bitfinex-and-korbit-companies-as-members/



Binance and Chainalysis Intend on Improving Anti-Money Laundering Systems

The Binance cryptocurrency exchange has outlined its intentions to eradicate money laundering activities from its platform. Earlier this week, Binance teamed up with Chainalysis to improve their AML systems and further legitimize the cryptocurrency industry. Please click 'Read More' for details.
https://bitcoinexchangeguide.com/binance-and-chainalysis-intend-on-removing-all-anti-money-laundering/

 

EOS Welcomes Its First Charity BP ECAC

The EOS Core Arbitration Community (ECAC) is the first public node serving the general welfare and prosperity of the greater EOS community. ECAC is also the genesis of a new species in the greater EOS ecosystem. ECAC, as a node of the EOS, by the EOS, and for the EOS, aims to use the fund raised from the general public of EOS to serve the general public. Equipped with transparent auditing, the greater EOS community is encouraged to vote for and donate to ECAC.
https://www.ecac.io/



PRL Briefed on Trading Abnormality: Original Founder/Chief Architect Is Ringleader

Oyster Protocol released a update briefing on the abnormal PRL trading activities on the KuCoin exchange.

It is discovered that the "transferDirector" function was utilized on the Oyster Protocol token contract, which allowed the new director to re-open the ICO for PRL and re-issue new tokens (1 ETH = 5000 PRL / .04 per PRL). The individual in question then sent these tokens (upwards from 3 million PRL) to KuCoin where the tokens were market sold. They were able to extract around $300,000 in funds prior to the team being able to shut down trading and withdrawals on KuCoin.

After the initial review, the team is inclined to believe that these were solely the actions of Bruno Block, the original founder and chief architect of the project, and that he did this now to avoid detection from KuCoin KYC procedures (that will be implemented on November 1st).

CoinNess.com Market Index: PRL, $0.0746, -63.48%.
https://www.coinness.com/news/141538

 

 

China Gov't-Backed Blockchain Initiative to Release Self-Regulatory Proposal on Oct 31

According to an official press release by the China Academy of Information and Communications Technology (CAICT), the Trustworthy Blockchain Promotion Plan, under the guidance of the Ministry of Industry and Information Technology, will release the Self-Regulatory Proposal for the Blockchain Industry, along with the Whitepaper of Blockchain and Supply-chain Financing, on Oct 31st in Beijing.

In addition, the organization will equip a regulatory study and research group on trustworthy blockchain tech.
http://www.caict.ac.cn/xwdt/ynxw/201810/t20181030_187759.htm 



UK Government Says It Will Update Crypto Tax Guidance By Early Next Year

UK officials have outlined a range of regulatory steps around cryptoassets and distributed ledger technology (DLT) in a new report. The UK government's "Cryptoasset Taskforce," first announced this past March, published its final report on Monday, finding that the technology that makes up cryptocurrencies can be used to benefit the financial services sector, as well as other industries. As such, the HM Treasury, Financial Conduct Authority and the Bank of England – the three groups that constitute the task force will "encourage responsible development of legitimate DLT and cryptoasset-related activity in the UK."
https://www.coindesk.com/uk-government-says-it-will-update-crypto-tax-guidance-by-early-next-year/


CoinNess provided.



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