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The Problem with Fidelity’s Crypto Trading Platform

October 16, 2018

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General Market Outlook

General Market Outlook
The market is definitely not bouncing back, but it continues to move sideways, while some major coins do make strong surges. Zilliqa (ZIL) is up almost 20% in the past 24 hours, and WaltonChain (WTC) is up almost 10% in the past 24 hours. The big two: Bitcoin is essentially sideways right around $9,300 and Ethereum is doing just about the same - up 2% in the last 24 hours at $750. Developments continue to prove strong interest from institutional investors, but the government regulations will the ultimate factor to when that influx of investment can happen.
Major Headlines
Vitalik Buterin Makes Another Big Donation
The 23 year old behind Ethereum continues to push boundaries in tech and in philanthropy. His most recent donation totals $2.4 million worth of ETH toward age-related illnesses. The SNES Research Foundation focuses on all illnesses that come with age like heart disease, Alzheimer’s disease, and cancer. Although the 2.4 mil is probably a drop in the bucket compared to what the research will cost long term, Vitalk is trying to set a precedent for the blockchain/cryptocurrency space, his heart is in it to help the world. He has previously made a donation to Machine Intelligence Research Institute and another donation to help suffering refugees.
Goldman and Intercontinental Exchange Bring Bitcoin to Wall Street
The parent company of the New York Stock Exchange is ironing out the details for a virtual exchange that will allow investors to legally exchange Bitcoins. Interest continues to grow among institutional investors, forcing these companies to make radical changes to integrate the virtual currency spectrum. It was only a couple weeks ago that the CEO of Nasdaq said the exchange would consider cryptocurrencies if laws were accommodating. Bitcoin futures have been traded on American exchanges since January of this year, but nothing using direct ownership of the coins. The system will be a kind of “swap” contract, not a direct sale of USD for BTC. Of course, this is only if all goes well with SEC regulation.
Oracle Releases Blockchain Templates
Oracle is taking another stab at launching Blockchain as a service software to help businesses easily create blockchain applications. Taking the next step to blockchain services, decentralized applications and integrating all the data that will make the tech useful for things like real estate, supply chain management, tokenization and writing smart contracts to replace the complex business systems that are already in place is massive. Companies like Oracle, Microsoft, IBM and Amazon Web Services are all trying to help make this jump possible, and if all the hype holds true for possible benefits, there work won’t be nearly enough.
Top 5 Gainers
Blitzcash (BLITZ) +123.88% at $0.464314
PeepCoin (PCN) +90.55% at $0.000185
Aditus (ADI) +85.39% at $0.036391
Primecoin (XPM) +44.40% at $3.26
Pundi X (NPXS) +42.12% at $0.007303
Top 5 Losers
Arbitracoin (ATC) -29.82% at $0.051824
Aphelion (TICK) -26.39% at $0.488514
Super Bitcoin (SBTC) -24.31% at $20.56
Fargocoin (FRGC) -19.39% at $6.80
VeriME (VME) -18.27% at $0.70574
New Coins Listed
TenX (PAY) listed to Airswap
Oxycoin (OXY) listed to Cryptopia

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