Article taken from: finance.yahoo.com
The rundown: Bitcoin and all main currencies had been up within the morning; blockchain platform Phore Blockchain to checklist its digital asset phore on the Ternion Exchange; New York-based blockchain agency Blocktech is launching a blockchain lab in Saudi Arabia; Reliance Industries announcedit is has performed its first commerce finance transaction utilizing blockchain; Taiwan adjustments guidelines to raised regulate cryptocurrency transactions; and extra.
Here is what is going on within the cryptocurrency market on Monday.
SEE: Hong Kong’s Securities Regulator SFC Unveils Crypto Rules
SEE: Coinbase Custody Partners With Wilshire Phoenix To Launch A Dedicated Crypto Fund
In the News
Blockchain platform Phore Blockchain introduced that its digital asset phore (PHR) might be listed for buying and selling on the Ternion Exchange on Nov. 15. The PHR itemizing will go dwell on the trade with a PHR/Bitcoin pairing adopted by a PHR/USD fiat pairing in January 2019. Ternion is the second trade on the planet to be licensed by the European-based Financial Intelligence Unit.
New York-based blockchain firm Blocktech is launching a blockchain lab at Taibah University in Madinah, Saudi Arabia. Directed by synthetic intelligence skilled Professor Walaa Alharthi, the lab would be the kingdom’s first analysis and improvement lab devoted to blockchain applied sciences. The lab will function along side the Taibah University Faculties of Computer Science, Law and Business with the purpose of catalyzing blockchain adoption within the Middle East.
Malta-based digital asset trade OKEx has been acknowledged as Crypto Exchange of the Year on the first version of the Malta Blockchain Awards. The award was introduced within the ceremony held throughout Malta Blockchain Summit 2018 to acknowledge the businesses, consultants, and leaders who made excellent contribution to the blockchain expertise improvement in Malta. The Crypto Exchange of the Year award is judged by 32 trade leaders and executives with mixed expertise within the blockchain Industry. OKEx stood out from fellow finalists Binance and BitBay.
Oil and gasoline large Reliance Industries , owned by India’s richest man Mukesh Ambani , has performed its first commerce finance transaction utilizing blockchain expertise, CoinDesk reported citing a press assertion from HSBC India. The firm has executed the “live” blockchain-powered commerce finance transaction in collaboration with US-based mostly chemical distributor Tricon Energy. Hitendra Dave, HSBC India’s head for world banking and markets, mentioned within the assertion that “the use of blockchain is a significant step towards digitizing trade.”
Taiwan is introducing new guidelines as a part of its efforts to manage cryptocurrency transactions. At the top of the final week, the Taiwanese legislative physique Legislative Yuan handed amendments to current guidelines to permit the Financial Supervisory Commission the facility to “crack down on anonymous virtual currency transactions,” in keeping with a report by Focus Taiwan . The company will now have the authority to ask operators of digital forex platforms to “implement ‘real-name systems’ that require users to register their real names, according to the new provisions,” in keeping with the information report.
Cryptocurrency Prices Today (As of seven:15 AM EST)
Bitcoin (BTC) is up 0.85% over the previous 24 hours, buying and selling at $6,430.04.
Ethereum (ETH) is buying and selling at $208.85 within the morning, up 3.89% over a 24-hour interval.
EOS is buying and selling at $5.48, up 0.74% over the previous 24 hours.
Ripple (XRP) is buying and selling at $0.4650, up 2.40% over a 24-hour interval.
Litecoin (LTC) is buying and selling at $53.43, up 0.89% over a 24-hour interval.
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