Crypto Today - China takes the reins to lead a pro blockchain world
|Here's what you need to know today:
Markets:
- Ethereum chains three days of profit against Bitcoin with a total increase of 5.25%.
- EOS has accumulated gains of more than 45% against the US Dollar since October 23. The leading members of the Altcoin club are providing fantastic returns in the short term.
- The loser of the day is yesterday's winner – CHZ/USD falls by 17.30% in one day and confirms the usual Altcoin minor pattern – Pump & Bump.
Chart of the day:
Industry:
- Microsoft launches a token creation platform on Ethereum. Any user of the Azure platform would be able to create their crypto project over the Ethereum blockchain, with multiple utilities - smart contracts, bonuses, traceability, licenses or payments for use.
- Ripple CEO Brad Garlinghouse states that 99% of all cryptos will be worth zero in the medium term. Only those focused on solving real problems will survive, according to the outspoken executive.
Regulation:
- Hong Kong's financial regulator, the Securities and Futures Commission (SFC), will publish a new user regulation for cryptosphere. The text details how aspects such as asset custody, user profiling compliance or anti-money laundering rules will be regulated.
- In an unexpected move, China withdraws its ban on Bitcoin mining. The Asian giant made a U-turn in its stance on Blockchain and the crypto ecosystem.
Quote of the day:
"The World Has Gone Mad, and the System is Broken" explains some of the crazy things that are happening, why they are happening, and why I believe that they are unsustainable. I'd be interested in knowing what you think about them.
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