News Roundup for October 18th

Thursday, October 18th 2018

Good afternoon, everyone! This week we're highlighting Bitcoin price predictions and established companies getting on board the blockchain. Enjoy!

In the News

Bitcoin Futures Trading Gains Momentum

Bitcoin Futures Trading Gains Momentum

According to futures marketplace CME Group, trading volumes have steadily increased each quarter in 2018, and the amount of new money flowing into the market has increased 19% since last quarter. The first Bitcoin futures offerings coincided with the run-up of Bitcoin’s value in December and is thought to be the main factor in its subsequent drop. Read more...


Untethered: The History of Stablecoin Tether and How It Has Lost Its $1 Peg

Untethered: The History of Stablecoin Tether and How It Has Lost Its $1 Peg

Stablecoins serve as a convenience for frequent traders who want a place to maintain their gains between fluctuations in other currencies. The legitimacy of Tether, the most popular of stablecoins currently, has been called into question over the past year and CoinTelegraph gives an overview of what has occurred. Read more...


Over 1,500 Bitcoin ATMs to Be Deployed in Argentina in Response to Rampant Inflation

Over 1,500 Bitcoin ATMs to Be Deployed in Argentina in Response to Rampant Inflation

Mass inflation in Argentina have struggling citizens looking for an alternative. In 2018 alone, the Argentine peso has lost 50% of it's value compared to the US dollar. In response, CATM providers are serving the country and expecting to have 1500 Coin ATMs operational by the end of 2019. Despite Bitcoin's volatility, it is becoming a viable option and still seen as safer than the national currency by many. Read more...


UAE Securities Regulator to Introduce ICOs for Capital Markets in 2019

UAE Securities Regulator to Introduce ICOs for Capital Markets in 2019

The United Arab Emirates' national securities regulator plans to introduce Initial Coin Offerings for capital markets in 2019. A combination of "weak" equity markets and low oil prices has been adversley affecting Initial Public Offerings in the country, prompting the UAE to look at alternative funding methods for capital markets. Read more...


Pantera Capital Exec: Cryptocurrency Market Prices Could Increase Tenfold by 2020

Pantera Capital Exec: Cryptocurrency Market Prices Could Increase Tenfold by 2020

Pantera Capitol’s co-CIO Joey Krug believes Bitcoin’s improved scalability will lead to a potential 10x growth from it’s current value. Previously, the CEO of the company, Dan Morehead, discussed last December how he believed Bitcoin could drop 50% before growing to new heights. Read more...


Crypto M&A is on a tear as deal-makers see opportunity in bitcoin's price slump

Crypto M&A is on a tear as deal-makers see opportunity in bitcoin's price slump

In whats being called a "deal frenzy", crypto and blockchain-related merger and acquisition (M&A) activity has surged by over 200 percent in 2018. Data compiled by JMP Securities for PitchBook reportedly reveals that the total number of M&A deals in the sector is set to hit 145 by the end of this year, with 115 already closed as of Oct. 15. Read more...



Market Movement

Bitcoin

Bitcoin Market Update 2018-10-19

Ethereum

Ethereum Market Update 2018-10-19

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Imagery provided by Patrick Baum, quotecatalog.com, Rafael Guimarães, Cytonn Photography, rawpixel.com, all modified with blue tint. No copyright infringement is intended. Graph data provided by Blockchain.info and Etherscan.

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