The US Securities and Exchange Commission (SEC) has rejected 9 Bitcoin based Exchange Traded Fund (ETF) proposals that were submitted by GraniteShares, ProShares and Direxion.
Cryptocurrency Market Updates
WeChat, the Chinese social media platform developed by Tencent that boast 1 billion users, has reportedly blocked several Blockchain as well as cryptocurrency related accounts.
According to a review of payments obtained by the world’s 17 largest crypto exchanges, Bitcoin Cash (BCH) has decreased after its usage commerce has decreased. A group of analysts from Chainanalysis found out that BCH payments significantly dropped to $3.7 million in May from $10.5 million in March.
Chinese police from various cities were able to arrest three individuals responsible for stealing Bitcoins and other digital assets, all of which are worth $87 million. The three were reportedly busted in the provinces of Hunan and Changchun, as well as in the city of Beijing.
Tube8, which is an adult video service and Pornhub’s very own subsidiary, is looking to reward viewers for using its services. This has been made possible thanks to its partnership with the Vice Industry Token or VIT. The partnership, in particular, is meant to fully tokenize the site’s platform.
The US bank holding corporation Capital One has filed a patent application to implement a Blockchain based user authentication system. According to the filing published by the USPTO (US Patent and Trademark Office), this application is actually a continuation of one that the company had submitted in June 2017.
According to a press release published on August 16, Ripple has joined hands with 3 cryptocurrency exchanges for its international payments settlement platform. The three crypto exchanges are Bittrex based in the US, Bitso based in Mexico and Coins.Ph in the Philippines
In a telephonic interview, Ripple’s vice president of European Union strategic accounts, Jeremy Light stated that the company was looking at entering the Chinese market in an effort to speed up cross-border transactions with its distributed ledger. He said that Ripple was definitely looking at China as a region of interest.
According to its press release, the Jamaica Stock Exchange (JSE) is introducing cryptocurrency and token trading on its platform with the help of Canadian fintech startup Blockstation. The fintech firm is launching a project which, when implemented, will allow JSE to provide trading, execution, quotes as well as settlement services for cryptos.
After days of steady declines, the capitalization in the cryptocurrency market has dropped below $200 billion, the lowest for 2018. Data from Coinmarketcap shows that the lowest the market sank to on Tuesday’s trading so far is $189 billion.