Cryptocurrency Daily Roundup – Oct. 29


Here is a wrap of the main news from the cryptocurrency and blockchain space over the past 24 hours.

NXMH buys Cryptocurrency exchange Bitstamp

Belgium-based investment company NXMH, which owns South Korean cryptocurrency exchange Korbit acquired Bitstamp, one of Europe’s leading cryptocurrency exchanges. The terms of the deal were not disclosed. Bitstamp said the customers should not have any conerns about their accounts or changes to the way they operate.

US Marshals Service to auction off confiscated bitcoins

The US Marshals Service (USMS) announced that it is auctioning off more than 600 Bitcoins, which have been confiscated from a number of federal, civil, and administrative cases. It is estimated to be worth nearly $4 million. A six-hour auctioning starts at 8 a.m. EST on November 5. The cryptocurrencies were seized in various federal cases, including HSI-USCBP administrative forfeitures, DEA administrative forfeitures, and FBI administrative forfeitures. The biggest seizure was from one FBI administrative forfeiture of 45.9999756 bitcoins.

Crypto exchange MapleChange Shuts Down after theft of $6 mln of bitcoins

MapleChange, a minor cryptocurrency exchange in Canada, has been shut down after all of its funds of around 913 bitcoins worth $6 million were stolen in a hacking act. The incident occurred on Sunday morning. In a Twitter announcement, the company said that some people have managed to withdraw all the funds from the exchange due to a bug. It also announced a thorough investigation, but said it cannot refund anything until the investigation is over. The news did not make any particular impact on the price of bitcoin.

Crypto Exchange OKEx to Delist 58 Trading Pairs on Weak Performance

Hong Kong-based cryptocurrency exchange OKEx is planning to delist 58 trading pairs due to weak liquidity and trading volume of the pairs. The exchange will delist the trading pairs on October 31, 2018 from 06:00 Central European TIme.
The exchange, the world’s second largest crypto exchange by 24-hour trading volume, has directed users to cancel any pending orders of the affected pairs. All other trading pairs and tokens can be traded normally.

Singapore Utility unveils Blockchain-Based renewable Energy Marketplace

SP Group, a major electricity and gas utility in Singapore, announced the launch of blockchain-powered renewable energy certificate or REC marketplace. The marketplace innovation was unveiled at the ASEAN Energy Business Forum or AEBF. According to the company, the marketplace enables local and international organizations around the world, of any size, to trade in RECs. The blockchain technology will ensure the security, integrity and traceability of each REC transaction.

Current Prices

As of this writing, Bitcoin is down 2.17 percent or $139.20 at $6265.25 since yesterday, and Ethereum is trading down 3.65 percent or $7.37 at $194.68.

Read more at: RTT News

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