The rundown: Bitcoin and all major currencies – except XRP – were down in the morning; Pryvate Ltd. has launched the world’s first hybrid cryptocurrency exchange; Toyota is using blockchain technology to improve is ads campaigns; Realecoi is launching a tokenized real estate security using Securitize; COBINHOOD to launch an initial coin offering; the Internet and Mobile Association of India (IAMAI) is forming a committee to explore blockchain technology; and China’s bitcoin exchange BTCC is launching in South Korea.
Here is what is happening in the cryptocurrency market on Wednesday.
In the News
Privacy-focused security communications firm Pryvate Ltd. has launched the world’s first hybrid cryptocurrency exchange called the PryvateXchange or PryvateX. “We intend to deliver a fiat-currency & crypto-currency platform that combines the main advantages of both decentralised and centralised exchanges,” Head of Project Delivery Craig Ralton said in a statement.
Japanese automaker Toyota is using blockchain technology to better manage its ad campaigns. The automaker has partnered with blockchain advertising analytics firm Lucidity and agency Saatchi & Saatchi to use Lucidity’s blockchain-powered tools to eliminate fraud from its digital ad campaign buy and ensure the money isn’t going to waste.
Realecoin, the world’s first real estate fund built on the Ethereum blockchain, is launching a new digital security to offer 24/7 liquidity to a traditionally-illiquid investment vehicle. The fund is working on the offering in partnership with Securitize, the compliance platform for digitizing securities on the blockchain.
COBINHOOD, the next-generation cryptocurrency service platform and zero-fee exchange, has formed a partnership with e-commerce verification platform simplyBrand to launch the company’s initial coin offering (ICO). The ICO token, SBA will be used to reward crowdsource participants and enforcement agencies that aid in the manual verification and consensus decision process, the company said in a statement.
Marks Jewelers has become one of the first retailers to accept payments in cryptocurrency. The company has joined hands with e-commerce platform Shopping Cart Elite to accept cryptocurrencies, including Bitcoin Diamond (BCD), Bitcoin Cash (BCH), Bitcoin (BTC), Bitcoin Gold (BTG), Dash, Ethereum (ETH), Litecoin (LTC) and Zcoin (XZC).
The Internet and Mobile Association of India (IAMAI) is forming a committee to explore blockchain technology. The committee will include cryptocurrency players and officials from big companies, Indian newspaper Economic Times reported. Later confirming he report on Twitter, the IAMAI said that it plans to engage its Blockchain Committee to identify opportunities and challenges and work with government, industry and startups to develop a blockchain ecosystem.
China’s bitcoin exchange BTCC is preparing to launch its trading services in South Korea, Korean outlet The Investor reported. The report suggests that Hong Kong-based BTCC plans to offer beta services for trading in South Korea later this month and make its official debut in November.
Cryptocurrency Prices Today (As of 7:29 AM EST)
Bitcoin (BTC) is down 0.87% over the past 24 hours, trading at $6,520.00.
Ethereum (ETH) is trading at $206.55 in the morning, down 1.43% over a 24-hour period.
EOS is trading at $5.51, down 0.90% over the past 24 hours.
Ripple (XRP) is trading at $0.4680, up 0.82% over a 24-hour period.
Litecoin (LTC) is trading at $53.04, down 2.87% over a 24-hour period.
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