Cryptocurrency news today 11 Oct


Cryptocurrency news today 11 Oct

Team presents to your attention our regular column – “the news of the cryptocurrency today”. Recall that in this column we publish news, which influence on the exchange rate of the cryptocurrency of the TOP 100 by market capitalization according to Coinmarketcap.

Last night on the stock market an unexpected collapse, and today, October 11, all of the top ten Coinmarketcap is trading in the red zone. Bitcoin fell by 4.5%, Monero 5.5%, LTC by 8.5%. Other top cryptocurrencies have lost a day not less than 10%.

One of the factors that could adversely affect the price dynamics on the stock market, could be the news about crypto currency exchange Bitfinex, which has suspended the acceptance of deposits in Fiat currencies. Earlier in cryptosuite actively discussed news that Noble Bank serving account Bitfinex is on the verge of bankruptcy, and the crypto currency exchange is actively looking for a new partner. Members of the Bitfinex hastened to assure users that the trading platform will continue as usual. A few days ago there appeared information that the crypto currency exchange may begin to cooperate with banking giant HSBC.

And Binance crypto currency exchange has launched trading in pairs PAX/USDT and TUSD/USDT. Paxos and TrueUSD are stablename, and Binance decided to keep these coins to give users an alternative to the Tether. On the first day trading course in both cryptocurrencies has grown relative to the Tether by about 4%, then the difference has decreased to 2% and remained at this level. This lack of demand for USDT can be explained by the fact that Tether, as Bitfinex, has problems with the banking service, and users fear that at some point the company simply can not provide crypto-currency with real assets.

Acne Buterin responded to the accusations of the American economist Nouriel Roubini, who a few days ago criticized the cryptocurrencies and stated that decentralization is a myth, and Buterin dictator. The founder of Ethereum responded that while some cryptocurrency is really a decentralised to a lesser extent than we would like, it is definitely not a dictator. In the ecosystem of the ether there is proper distribution of influence, and the opinion of most acne is not decisive, as it may seem at a superficial evaluation. Earlier in a statement Roubini said a lot of cryptoendoliths, who noted that the economist is very much simplifies the situation in the cryptocurrency industry, and exaggerates some points.

The head of the Internet giant Alibaba Jack MA in one of the last performances said that bitcoin is very valuable to companies, as behind him the technology of the blockchain. Of particular interest to AI is the possibility of cashless payments through the blockchain. Chapter Alibaba has always shown interest in innovation, and has long noted the importance and potential of the blockchain. However, previously he spoke quite skeptical about bitcoin that has puzzled many users, for which the blockchain and bitcoin are part of the same industry.

Service Onepay FX developed by Ripple, will now be used on the largest Bank of Spain Santander. In addition, the banking giant uses the service RippleNet and, being one of the largest investors, the company actively promotes its blockchain solutions for financial market. In Santander plan to use Onepay FX for international transfers to other European countries.

The project Pundi X, specializing in the launch of cryptocurrency payment terminal and have the cryptocurrency, reported on the successful holding of the first ever telephone call via the blockchain. The call was made at the conference XBlockchain Summit, it was used by the device XPhone. This phone does not require connection to third-party service provider, and works on the block chain Function X.

Stay tuned not to miss any important event from the world of cryptocurrency!

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