Tether Struggles to Hold Peg After Becoming UnTethered
Although Tether mostly stabilized and nearly regained its $1 peg after becoming “untethered” on Oct 15 2018, it is still trading under $1. This has some notable implications.
News
Cryptocurrency news from around the world and beyond. We cover what happening with cryptocurrency today. We cover things like countries embracing or rejecting cryptos, price milestones for Bitcoin and Alts, new projects, upcoming forks, etc.
A Recap of October 2018 So Far
A lot has happened in crypto in October 2018 despite the price of Bitcoin staying rather stagnant. Let’s do a quick review of October 2018 so far.
ETCG Trading Below ETC Cost
A bit of milestone today, ETCG traded below the cost of ETC. For an asset that used to trade at over 2x of ETC’s value, that is a little mind blowing.
Bitcoin Trading in Tight Range With Lowest Volatility in Months
Bitcoin has been trading in an increasingly tight range, squeezed in a large triangle/wedge, between key EMAs, with bands tightening, with EMAs converging, resisting $6k over and over, and trading around mining costs. Meanwhile volatility is lowest its been in 15 months.
You Are Going to Need Ether for Coinbase Wallet
In order to use most crypto apps and access many cryptos, which you can do via Coinbase Wallet, you need Ether (ETH).
Monero Burning Bug Squashed But Embers Still Linger For Merchants and Exchanges
A bug in Monero’s code allowed hackers to essentially create free Monero that would only be usable once. The code is fixed, and the supply wasn’t effected, but some merchants and exchanges may still be vulnerable.
Goldman Sachs-backed Crypto Company Circle Launches Dollar Backed Stable Coin USDC
Goldman Sachs-backed crypto company Circle has launched their US dollar backed stable coin USDC.
Coinbase Plans to List Many More Crypto Assets
Coinbase has announced it has expanded its listing process and will be listing many more crypto assets. Thus, one can expect many additional altcoins to be listed at some point in the future.
ANON Wallet is Live
The BTC/ZCL fork ANON is live and the wallet is too. To claim your ANON if you had your BTC and/or ZCL private keys, you need an ANON wallet. Here is the link to the official ANON wallet on GitHub.
Google Ends Crypto Ad Ban Starting October
Google is following FaceBook in ending its ban on crypto ads. Moving forward advertisers from around the world will be able to run certain types of crypto ads in the US and Japan.