Big news for the Stellar network today. Tech giant IBM and a network of banks partner with Stellar to settle transactions using Stellar's cryptocurrency known as Lumens (XLM). The coin surged over 100% today.
Welcome to my Cryptocurrencies Market Overview for Monday, October 16, 2017.
24 Hour Change
7 Day Change
Month-to-Date Change
24 Hour Volume
Market Capitalization
Bitcoin Daily chart
An inside candle today...
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Latest Crypto News - October 16, 2017
Bitcoin Price Returns to $5,750 After Sunday’s Necessary Correction
Order has been restored in the world of cryptocurrency, as the Bitcoin price is back on track right now. Thanks to a solid 3.61% gain over the past few hours, we’re now once again looking at a Bitcoin price of US$5,750. It was to be expected that the Bitcoin price would mount a strong comeback today, as losses taken over the weekend are often recovered on the following Monday.
Read more: themerkle.com
IBM and Stellar Are Launching Blockchain Banking Across Multiple Countries
In a breakthrough for payments technology, IBM and a network of banks have begun using digital currency and blockchain software to move money across borders throughout the South Pacific.
Read more: fortune.com
More sources:
- IBM debuts blockchain network for cross-border payments
- IBM's Stellar Move: Tech Giant Uses Cryptocurrency in Cross-Border Payments
- IBM and Stellar Announce Blockchain Banking Project - Stellar’s Lumens Jumps 160%
Ethereum's Byzantium Hard Fork Is Running Smoothly, Developers Say
While it's still perhaps too early to deem ethereum's Byzantium upgrade a success, developers indicate the software update, executed just hours ago, is running smoothly so far.
Read more: coindesk.com
Other sources:
Support Drops, Uncertainty Around SegWit2X Thickens
The support for SegWit2X is lower than ever as November approaches. Once enthusiastically accepted, there are now second thoughts regarding the large-block version of Bitcoin.
Read more: cryptovest.com
WikiLeaks founder Assange claims he made 50,000% return on bitcoin thanks to the US government
WikiLeaks founder Julian Assange claims his organization has made a 50,000 percent return on bitcoin after investing in the cryptocurrency in 2010 — and it's all thanks to the U.S. government.
Read more: cnbc.com
15% of all Bitcoin transaction are now SegWit transactions
The CryptoRuble - Russia to Launch State-Issued Cryptocurrency
Russian Minister of Communications, Nikolay Nikiforov, has shared the President’s decision to launch a state-issued cryptocurrency in Russia, called the CryptoRuble.
Read more: cryptovest.com
Other sources:
Swift Startup Winner Demos Smart Contract Trade with 5 Financial Firms
Blockchain startup SmartContract is officially unveiling a new a proof-of-concept (PoC) built with assistance from five major financial institutions today at Swift's Sibos conference.
Read more: coindesk.com
CNBC Audience Predicts $10k Bitcoin Price as Dotcom Says ‘Hodl’
Bitcache and MegaUpload creator Kim Dotcom have urged Bitcoin holders not to sell, as even mainstream news consumers stay bullish on its future.
Read more: cointelegraph.com
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