From Bitcoin’s moon cycle to Ripple’s tech alliance, here’s a look at some of the stories breaking in the world of crypto.
Binance CEO Changpeng Zhao says Bitcoin and crypto bull runs tend to happen from October to December, although he’s careful to point out he’s not in the game of predicting the next market turnaround.
“I think that any minute the bull market will return, and historically, October to December are the good months,” Zhao told Crypto Globe. “Before Christmas are usually the months when the markets go up very often, but I am not saying that it will this year, or that it will not. I don’t make predictions. I just react.”
Ethereum, 0x, Basic Attention Token, Augur
A Coinbase-backed platform called Compound is now officially online, giving users the ability to lend their coins in exchange for interest or collateral.
Alibaba was able to create the world's largest money market fund ($200bn+) in just 4 years
What will a trustless money fund available to anyone anywhere be able to achieve? pic.twitter.com/Gk3Fjqhhgi
— Sid Coelho-Prabhu | sidcoin.eth (@Sid_Coelho) September 27, 2018
The platform also allows users to short-sell its initial list of Ethereum-based cryptocurrencies, including Ethereum, 0x, Basic Attention Token and Augur.
Ripple and XRP
Ripple is reportedly leading the creation of a new lobbying group in Washington, DC to push for positive crypto and blockchain policies.
According to Business Standard, the group is called the Securing America’s Internet of Value Coalition (SAIV), and looks to ensure that the industry can continue to innovate without regulations that stifle growth and curb competition.
The group plans to lobby Congress, the SEC, the IRS and other agencies that have an impact on crypto.