Cryptocurrency news today 2 October

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Cryptocurrency news today 2 October

Team Cryptocoins.group 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.

On Tuesday 2 October, the stock market continues to decline, however the loss of most of the top crypto-currencies is insignificant. In the first ten Coinmarketcap stronger than all fell cryptocurrency XRP (-4%), 2.5% of lost Stellar. -2% from Cardano, to 1.5% in litecoin, the loss of the other coins within 1%. Bitcoin Cash even gained 0.5 percent.

Financial expert Christopher Inton of Morningstar Research Services believes that bitcoin is not a competitor to gold. In 2013, Morningstar Research Services conducted a major study of the potential of cryptocurrencies, and the results showed that bitcoin may not be an effective store of value. Besides, if bitcoin does indeed have a chance to become something of a digital gold, is a long time to hit gold is real, says Inton. Now more than 40% of the total world gold supply is used for investment purposes, and transition of a significant group of investors from gold to bitcoin would have collapsed rate of the precious metal.

Team Siacoin plans to hold hardwork network, to exclude the possibility of mining cryptocurrencies on Azekah. It was originally planned to allow for the possibility of Siacoin mining with ASIC devices, but then the plans team leader David Viorica has changed. The rejection of mining equipment from Bitmain is due to the fact that the parent company develops its own Siacoin equipment Obelisk. After hard forks, a large proportion of Hasrat will be controlled by its own mining equipment Viorica. Hardwork is planned for October 31.

Payment platform xRapid from Ripple started as a commercial product. Company MercuryFX, Cuallix and Catalyst Corporate Federal Credit Union are already using xRapid for commercial purposes. The platform allows companies to make payments through the blockchain using cryptocurrency XRP for fast and cheap transactions.

One of the most active teams ON the air, Parity, integrated code update Casper blockchain platform Substrate. In addition to the Casper, Parity update contains the technology of sharding. New software called Shasper, and the developers have already posted source code on GitHub. Thus Parity is tested in the real conditions of updates that will soon be integrated into the main chain of the ether to solve the problems of speed and scale.

October 1 network Verge was renewed. The network has been upgraded to version v.0.17, the update touched ON for the PC and iOS. The main focus in network optimization was made to increase the level of confidentiality of the transactions. Against this background, in recent days, the cryptocurrency rose by 18%, but then a few setbacks.

The crypto currency exchange CEX.io has announced the addition of the listing of litecoin. Cryptocurrency LTC were traded at the exchange before, but in February of this year couple with the litecoin have been removed from the trading floor because of the low, in the opinion of management CEX.io activity. Litecoin will be traded in pairs and bitcoin and the dollar, and in the initial phase of the Commission will be zero.

Bloomberg talked with a number of cryptoexpert and people close to institutional investors, and received interesting comments. The data show that the big players are already present on the cryptocurrency market, and in considerable quantity. They invest in bitcoin and other digital assets through the OTC platform. In particular, one of the leaders of the Cumberland Bobby Cho noted that the volume of transactions of institutional investors have long replaced the private as the volume of trade in OTC markets are growing every month. According to Cho, this situation makes the cryptocurrency market stable and predictable, which creates a favorable atmosphere for the arrival of other investors.

The HONGKOU court in Switzerland ruled that bitcoin, ether and other cryptocurrencies are the property of and protected by property law. This means that in the case of an erroneous transfer of money to the account of another user, the recipient is obliged to return the cryptocurrency at the request of the sender, otherwise it will be considered that he misappropriated someone else’s property. While cryptocurrency is still not considered as monetary asset.

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

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