The Japanese Government granted self-regulatory status to the crypto market, Germany's Central Bank "successfully" tested blockchain technology, the demand for Blockchain engineers is up 400%, and more!
Market Cap: Top 10 Currencies
The top 10 currencies have remained fairly stable throughout the second half of October. Over the last three months, the total market cap of these currencies has seen significant losses. Currencies included in this analysis: ADA, BCH, BTC, EOS, ETH, LTC, USDT, XLM, XMR, XRP.
Total Market Share: ZEC
While much of the crypto market has remained stagnant this week, ZEC spiked, coming close to .34% of the total market cap of the top 10 currencies.
Japan has always been a pro-cryptocurrency state. It made Bitcoin legal tender when several other countries were still determining the legal status of digital assets. The Financial Services Agency (FSA) of Japan gave the crypto industry self-regulatory status on Wednesday. The industry will be monitored by the Japan Virtual Currency Exchange Association which has been given the powers to sanction the exchanges that violate the regulatory infrastructure of the agency. Read more.
The CEO of Dash Core Group, Ryan Taylor, told Cointelegraph in an interview Oct. 23 that central bank-issued cryptocurrencies are the “inevitable future,” but it will be people who “will decide what form of money they want to consume and use as part of their lives." Read more.
Under the ‘Insights’ tab – the San Francisco based blockchain tech startup Ripple posted its Q3 2018 report on its website. Based on the report, XRP sales have doubled from the second quarter of $73.53 mil to the present $163.33 mil worth of the virtual asset. Read more.
The cryptocurrency market is not regulated in India, and the Indian government does not consider crypto as a legal tender or investment. The Reserve Bank of India banned all banking channels to crypto entities in April this year. This forced several crypto exchanges to create P2P trading facilities in a panic. A few months after the ordeal, Unocoin, a homegrown crypto exchange tried to establish India s first cryptocurrency ATM in Bengaluru. Its co-founder Harish BV has now been arrested by the local police. Read more.
Deutsche Bundesbank, Germany's central bank, and Deutsche Börse, owner of the Frankfurt Stock Exchange, have completed a blockchain trial investigating the technology's potential in securities settlement.
The two announced in a joint press release on Thursday that two blockchain prototypes built to their specifications had "successfully" supported the settlement of securities transactions, payments (including interest) and bond repayments at maturity. Read more.
Far higher than the $135,000 average software engineer salary, the figure puts blockchain engineers in the same pay bracket as artificial intelligence (AI) specialists, as the pace of blockchain recruitment demand gathers pace. The figure is also notably higher than other specialized tech engineering roles; Read more.
It's been almost a year since bitcoin traded near $20,000, but that isn't stopping innovation in the market from reaching other kinds of all-time highs.
In fact, according to CoinMarketCap, the leading provider of cryptocurrency data, there's never been more cryptocurrencies in existence than now. Launched in 2013, CoinMarketCap listed its 2,000th crypto asset this month with the addition of Labh Coin (LABH). Read more.
Tether, the company behind the dollar-linked stablecoin of the same name, announced via Twitter that it had destroyed 500 million tether (USDT) tokens.
Previously, those tokens were held in an account known as the "Tether treasury." The past few weeks have seen massive influxes of USDT to the Treasury, particularly after the cryptocurrency lost parity with the U.S. dollar last week amid questions about Tether's access to banking services. Read more.
Data from the Bank of Canada and the Ontario Securities Commission has revealed that bitcoin adoption and general crypto awareness in Canada is growing steadily, with the percentage of Canadian poll respondents who own bitcoin rising from 2.9 percent in 2016 to 5 percent in 2017. Read more.