HomeCryptocurrencyDaily RecapDaily Crypto Roundup 11/7/2018

Daily Crypto Roundup 11/7/2018

Crypto

Details of Blockstream support for Liquid network, crypto trading difficulties, unique Coinbase employee benefits, Bitcoin Cash hard fork exchange support, and more regulatory talks. Catch up on today in crypto.

Blockstream.info Is The New Star Of BTC Block Explorers

Blockstream has launched an updated Bitcoin block explorer to accommodate new aspects, including Bitcoin Liquid transactions.

Bitcoin’s Liquid Network is a solution from Blockstream, helping Bitcoin achieve more scalability. In short, a separate highway with significant room for many cars, traveling at low cost.

“Blockstream.info becomes the first BTC block explorer to also include Liquid network operations”, explained Crypto Insider.

Read on Crypto Insider

Crypto Trading: Notes From The Trenches Of 2018

2018, for the most part, has been a tough year. Today saw Crypto Insider discussing frustrations from this year.

Many problems have arisen from crypto exchange difficulties. Whether it’s hacks, exit scams, or banning of U.S. customers, exchanges have had their struggles.

Taxes are also an issue in the crypto space, as seen in the recent article by Crypto Insider, looking at the student who owed enormous taxes from crypto trading.

Additionally, Crypto volatility has been lacking the past few weeks, making profits harder to come by.

Read on Crypto Insider

Coinbase Offers $5k Egg-Freezing Benefit In Bid To Retain Talent

Coinbase has gotten creative in it employee incentive efforts. Starting this year back in March, Coinbase started giving employees the option to receive $5,000 yearly, paid toward procedures such as “egg-freezing”, which aids females in having kids when they are older.

Employees are seemingly appreciative, as one employee stated to CoinDesk, – “It’s definitely a luxury, which is why I feel fortunate that Coinbase and Carrot help make family planning more simple and affordable. It’s frankly a relief not to have to worry about family planning on a day-to-day basis”.

Coinbase offers these benefits through a business called Carrot.

Read on CoinDesk 

Blockchain.com Lists Stellar (XLM) and Does $125 million Airdrop

Blockchain explorer and crypto wallet has announced the addition of Stellar (XLM) support. In order to celebrate this milestone and spread the adoption of the coin, they are doing the biggest airdrop, worth $125 million.

Anyone who signs up with their e-mail address and downloads the Blockchain wallet can get $25 worth of XLM. However, the ownership is no longer anonymous and some users have expressed privacy concerns.

However, ahead of an expected bull run, these coins can be a good way to make some gains.

Read on Blockchain.com

Crypto Exchanges Line Up To Support Bitcoin Cash’s Hard Fork

The Bitcoin Cash (BCH) hard fork gets closer by the day. Six crypto exchanges have publicized their support for the November 15 fork.

There is some disagreement among the community on the fork however, with two potential outcomes. Bitcoin ABC and Bitcoin SV teams are competing for the fork.

So upon fork date, we could see BCH holders receiving Bitcoin ABC or Bitcoin SV (equal to the amount of BCH held), depending on what direction things head.

According to a report from CoinDesk, “a number of exchanges have now made clear their positions should a split occur, with OKEx, Binance, Bitforex and Huobi having all stated that they will ‘support the hard fork'”.  Poloniex gave a vague answer, saying it’s “prepared to support trading markets for both tokens”.

Coinbase also stated that customers will receive their forked currency if the situation arises. Coinbase mentioned – “In the unlikely event that multiple viable chains persist after the fork, Coinbase will ensure that customers have access to their funds on each chain”, reported CoinDesk.

Read on CoinDesk

Mauritius Financial Commission Releases Draft Regulation For Crypto Custodian Services

According to documentation, the Financial Services Commission (FSC) is working with the Republic of Mauritius on the custodianship for digital assets, and its underlying regulation.

Entities will be able to perform custody for digital assets, pending their appropriate service license holding.

“In order to acquire the license, the holder will be required to comply with anti-money-laundering (AML) and counter-terrorism-financing (CFT) laws, as well as the country’s Financial Intelligence and Anti-Money Laundering Act of 2002 (FIAMLA)”, reported CoinTelegraph.

Read on CoinTelegraph

 

 

 

Written by

BJ is a full time writer, editor, and trader in the cryptocurrency space. He has written many professional articles for numerous ICOs, news sites, and other interested parties in the crypto space. He is also a trader, staying up to date with the crypto markets constantly, and dabbling in traditional financial market trading occasionally.

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