From a Bitcoin mutual fund breakthrough to the end of a legal battle for Ripple, here’s a look at some of the stories breaking in the world of crypto.
Bitcoin (BTC)
Canada has just approved the country’s first fully regulated Bitcoin (BTC) mutual fund.
Toronto-based NEO Connect just rolled out its First Block Capital Bitcoin Trust, which allows accredited investors to deposit their capital into retirement and tax savings accounts.
Investors will essentially be able to invest in BTC without actually needing to hold the asset. It’s one of the most talked about ways of driving big institutional money into crypto.
Canada's first #bitcoin fund now available on #NEOconnect!
Very pleased to welcome @1stBlockCapital to the family. Great to see innovators once again meeting on @Aequitas_NEO. https://t.co/yJEgN5l7Pe pic.twitter.com/0M4MngfMt4— NEO Exchange (@Aequitas_NEO) September 10, 2018
Ethereum (ETH)
Ethereum is approaching a new milestone of 2,000 decentralized apps on the network.
Since its explosive debut late last year, CryptoKitties has held strong and is now the third most popular DApp on Ethereum, according to State of the DApps.
Ripple and XRP
Ripple and R3 Consortium have settled their longstanding legal dispute.
R3 sued Ripple Labs in September of last year, accusing Ripple of violating a purchase agreement. The agreement allegedly allowed R3 to buy 5 billion XRP at a cost of $0.0085 per token before the end of 2019.
The disputed amount has skyrocketed with XRP trading around $.269, at time of writing.
The exact terms of the settlement are confidential.
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EOS
The EOS Jungle testnet is back online after being hit with a critical attack that triggered a shut down for at least 24 hours.
EOSGO reported that the attacker was able to create thousands of accounts and flood the testnet with billions of tokens.
Stellar (XLM)
The Stellar Development Foundation has revealed the winners of the 7th Stellar Build Challenge.
“A total of 1.62M lumens will be awarded across the SBC winners, finalists, semi-finalists, honorable mention and participation categories. In addition, 1.9M lumens will be awarded through the new support initiative – encouraging growth and development for projects and applications that are cornerstones of the ecosystem.”
The results of the 7th #StellarBuildChallenge are in! Over 100 submissions with amazing community feedback and collaboration.
You can check out the results here: https://t.co/FLtYhoznLV
Incredible work from the Stellar developer community…give them a round of applause! 👏👏
— Stellar (@StellarOrg) September 8, 2018
