Blockchain and crypto world is full of innovations, assumptions and sometimes wildly wrong predictions. If you’ve missed the top stories of this week, this post provides a comprehensive look at the top crypto news that made headlines. A lot has happened in the cryptocurrency and blockchain world. Here is a quick round-up of this week’s related stories you may have missed:
Coinbase Pro Lists Basic Attention Token(BAT)
Coinbase Pro has announced that it has listed Basic Attention Token (BAT) onto its platform. The company declared that it would be blending assistance for Basic Attention Token (BAT), an ERC-20 token that is devised to operate with the privacy-focused Brave Browser, on CoinbasePro.
The announcement further explained that BAT is not still available at Coinbase.com or in iOS and Android apps. The exchange platform will make a separate declaration when that transpires. The announcement further said that the exchange platform will take deposits for at least 12 hours prior to allow trading. Once adequate liquidity is settled, trading on the BAT/USDC order book will begin. Clients may transform their USD to USDC with one click within the Pro interface. BAT trading will be available for users in most jurisdictions, but will not originally be available for citizens of the state of New York.
Could Blockchain Have Saved Goldman Sachs’ Face?
Goldman Sachs is embroiled in the worst scandal in their long history, a multibillion-dollar international fraud that investigators are pinning on Malaysian Prime Minister Najib Razak, who used proceeds from the scandal to purchase luxury items and fund an extravagant lifestyle.
A guilty plea from a former Goldman Sachs banker was unveiled by federal prosecutors on Thursday while announcing bribery and money laundering charges against a second banker. Charges were also filed against a Malaysian business who the prosecutors believe stole a part of the loot: Jho Low, who spent millions of dollars gifting celebrities like the actor Leonardo DiCaprio and the model Miranda Kerr.
Whiteblock Says EOS is Not a Blockchain
Whiteblock, a blockchain testing platform that assists development organizations to verify performance and expand distributed ledger technologies has said that EOS is not a blockchain. After performing an analysis, Whiteblock concluded that the EOS token is just a cloud service for computation.
According to Whiteblock researchers Brent Xu, Dhruv Luthra, Zak Cole, and Nate Blakely, the EOS token is formed on a comprehensive centralized axiom. This was the initial benchmark testing of the EOS software. The results show very lower transaction throughput than earlier displayed when benchmarked under pragmatic network circumstances.
BitMEX Launches A Fork Monitoring Website
BitMEX, a cryptocurrency exchange platform has launched a new BTC/BCH fork monitoring website. According to an official announcement, the website will be utilized to observe hardforks and softforks upgrades. This will assist in identifying the haphazard consensus flawscand it will be applied to watch developments during the BitcoinCash hardfork.
This website has been launched due to an upcoming hardfork for Bitcoin Cash, which is assumed to release on November 15, 2018. The website is essentially harnessed towards Bitcoin Cash. It is covering 8 Bitcoin Cash nodes compared to 5 Bitcoin nodes. The reason for this is the expected Bitcoin Cash hardfork, where various different nodes issue originated to follow various chains.
Malta Blockchain Summit 2018- Event Review
Malta Blockchain Summit was advertised to be one of the blockchain events of the year, and it did not disappoint. From the 1st to the 2nd of November 2018, almost 8500 blockchain and crypto enthusiasts descended upon the island of Malta for the first inaugural Malta Blockchain Summit. The conference kicked off with a speech from Maltese Prime Minister Joseph Muscat declaring, “The seed of blockchain has landed on a very fertile soil. We are doing everything necessary for the seed to grow.” Additionally, there were some big names on the docket for speakers in this conference including John McAfee, Sophia the Robot, and Hartej Sawhney from Hosho.
The conference was comprised of four main parts: 1) Regulatory & Governance, 2) Marketing & Investment, 3) Devs & Technology, and 4) Tokenomics & Cryptos. In addition, there were ICO pitches, a hackathon, an Exhibition Hall, and many networking events!
Morgan Stanley Publishes Bullish Report on Bitcoin
Morgan Stanley, the multinational investment bank and financial services company, published their latest report on Bitcoin on October 31. The report, which contains an overview of Bitcoin’s evolution and how its investment purpose has changed throughout its existence, comes off as bullish compared to the 2017 outlook. Morgan Stanley analysts also report about the recent stable coin trend and the reaction of banks and investors towards Bitcoin. The report also talks about the drawbacks of Bitcoin, including energy and lack of regulations.
Morgan Stanley was reported comparing Bitcoin to Nasdaq to clients, albeit moving “15x” faster. The bank also predicted that financial markets would increasingly adopt crypto in the future: “Over the coming years, we think that the market focus could turn increasingly toward cross trades between cryptocurrencies/tokens, which would transact via distributed ledgers only and not via the banking system.”
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