HomeCryptocurrencyDaily RecapDaily Crypto Roundup 12/5/2018

Daily Crypto Roundup 12/5/2018

Crypto

Today in the news, Bitfinex adds new stable coins, a hospital explores blockchain application, Binance releases a demo for its decentralized exchange, Roger Ver makes positive comments on the future of crypto, and Grayscale now has 1% of circulating Bitcoin supply. Read up on the details.

Popular Exchange Bitfinex Adds Multiple Stablecoins

Bitfinex and Ethfinex announced several stablecoin additions to their platforms yesterday.

USD Coin (USDC), Paxos (PAX), True USD (TUSD), and Gemini USD (GUSD) will be added.

The past several months have been filled with stablecoin news and Tether uncertainty. The U.S. Department of Justice (DOJ) also recently launched an examination of the Tether narrative and their possible role in market manipulation.

Read on Crypto Insider

A Top 5 US Hospital Is Exploring Blockchain For Patient Data

Blockchain application has started making its way into the medical field as Massachusetts General Hospital (MGH) will collaborate with MediBloc. MediBloc is a Korean based project utilizing blockchain to interact with patient information.

MGH is among the most notable of U.S. hospitals. The hospital is reportedly looking into blockchain application to make information/data more secure and accessible, as well as working with artificial intelligence.

Read on CoinDesk

Binance Releases Demo Of Planned Decentralized Crypto Exchange

Binance is a top player in the crypto exchange space. According to adjusted trading volume, Binance ranks the highest. Today they released video footage of their coming decentralized exchange in action.

The exchange plans to release the new Binance DEX next year. According to the video, this new project will incorporate a block “explorer for Binance’s native public blockchain, Binance Chain, which the firm says will be made available on a testnet soon”, reported CoinDesk today.

Binance DEX was created on the Binance Chain.

Read on CoinDesk

Roger Ver Sidelines Bitcoin Cash War To Present Crypto Bull Case

The dust appears to have settled from the Bitcoin Cash fork, at least for now. Notable BCH enthusiast Roger Ver came out yesterday with comments on the overall future for crypto markets.

In an interview with Bloomberg, Ver was asked his feelings regarding a price bottom for crypto. Ver responded, stating “I’m a fundamentals investor, so I’m investing on fundamentals. Long term, the future is brighter than ever. There’s more awareness, there’s more adoption, there’s more stuff happening all over the world, so of course I’m incredibly bullish on the entire crypto coin ecosystem, and Bitcoin Cash specifically”.

Read on CoinTelegraph

New Data Shows Grayscale Fund Quietly Buying Bitcoin – Now Controls 1% Of Supply

Recent murmurings lead people to believe institutions might be accumulating crypto at cheap prices.

The popular Grayscale Bitcoin Investment Trust (GBTC) reportedly has more than 200,000 Bitcoin in its treasury. That’s roughly 1% of Bitcoin’s current circulating supply of 17.4 million.

“The figure also puts Grayscale at the top of the institutional BTC investment arena”, reported Bitcoinist today.

Read on Bitcoinist

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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