Crypto FX Rates Update (28 September 2018)
Market Analysis Report 28 September 2018 Trades for Bitcoin and Ethereum
For Bitcoin price Today, FX Rates are $6,636.60 which dropped from $6,748 this Morning reducing the gain to 1.91% from 4.44% this morning over the past 24 Hours. Over $370 M worth of BTC were exchanged in the BTC/USD market representing a 24% share of the global daily volume. The BTC/JPY pair represents a 12% share.
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Ethereum Market Analysis Report 28 September 2018
The Ethereum price has droped to $223.84 over the past 24 hours representing a little drop of 2.74% from over 7.94% Increase this morning. So Far, $180 M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 18% market share of the daily trading volume.
Other Cryptocurrency News Trending
U.S. SEC Files Charges Against 1pool Ltd
Yesterday, the U.S. Securities and Exchange Commission (SEC) announced via a press release that it had filed charges against a Marshall Islands-registered securities dealer 1pool Ltd (also known as 1Broker) and CEO Patrick Brunner for “allegedly violating the federal securities laws in connection with security-based swaps funded with bitcoins”. The SEC’s complaint triggered a response from 1Broker’s on Twitter:
“Statement regarding the SEC allegation: All funds are currently secure and we will fully cooperate with the authorities. If approved by the SEC, we will enable withdrawals for US customers as soon as possible. A more detailed statement will follow.”
BitForex Says It Will Soon End Transaction Fee Mining
Yesterday, BitForex, the world’s largest crypto exchange by ‘reported’ trading volume, announced that it was soon going to end its highly controversial policy of supporting trade mining (also known as “transaction fee mining”). With transaction fee mining, the aforementioned business model is reversed in the sense that the exchange refunds the transaction fee back to the trader in the form of the exchange’s native token. BitForex stated:
“Also, BitForex will put 80% of trade-mining fees into BF token buy-back in platform income distribution mechanism.”
Austria to Use Ethereum Public Blockchain, BitTorrent ‘Project Atlas’ Integration With TRON Moving Forward & Other News
Austria’s government is set to use the Ethereum public blockchain to issue 1.15 billion euro ($1.35 billion) of government bonds in an auction next week.
TRON updates community on BitTorrent integration, plans hybrid content sharing ecosystem.
Global insurance brokerage and risk management firm Marsh announced it would extend its partnership with IBM as part of its proof-of-insurance blockchain solution.
The Chinese state-owned Bank of Communications has successfully issued $1.3 billion of residential mortgage-backed securities using blockchain technology.
South Korean government will not include digital assets sale and brokerage in venture business.