From a big push for VanEck’s Bitcoin ETF to the adoption of XRP, here’s a look at some of the stories breaking in the world of crypto.
Bitcoin
In a new interview with Fox Business, VanEck’s digital asset strategies director Gabor Gurbacs says the firm’s Bitcoin ETF proposal meets every requirement the SEC needs for approval.
“We are waiting for the sign of approval for this ETF because it meets every requirement that a commodity type of fund would need…
We have proper custody solutions out there. We have proper pricing. Futures contracts are trading.
Institutions like VanEck, who have built the first gold fund in the United States, the first international stock mutual fund in the world, are in this game and trying to bring something to markets. We have the right institutions and we have the right market structure, so it’s time to give America what it wants: A Bitcoin ETF.”
SBI Holdings CEO Yoshitaka Kitao says the blockchain consortium R3 is discussing plans to create a new project that utilizes XRP.
“We have already begun discussions to create a project to use XRP for R3. By using R3, XRP is used more extensively,” Kitao said.
SBI????????
?????R3?XRP????????????????????????????????R3???????????????XRP????????
?????ripple?XRP???…?????(^^) pic.twitter.com/9vsDTKI5Si
— BLUE COIN (@bluecoinxrp) October 31, 2018
SBI is a longtime partner of Ripple, and owns 10.5% of the company.
VeChain
VeChain is partnering with two of China’s leading energy and gas companies to create a blockchain-based liquid natural gas management solution.
The companies will design a test pilot that “handles the quality assurance process including classification standards, weighing practices, and transportation process for the different types of natural gas. All information is certified by a third-party authority and uploaded to the VeChainThor Blockchain to establish credible industry standards per government mandates.”
Tron
Tron founder Justin Sun just burned millions of old TRX ERC20 tokens still in existence. The tokens are no longer necessary, now that Tron has created its own blockchain.
I just burned 800 million USD worth $TRX ERC20 tokens. $TRX ERC20 tokens will soon become historical artifacts? Don't forget to keep one as a souvenir. ?#TRON
— Justin Sun (@justinsuntron) November 1, 2018
NEO
The general manager of NEO global development says gaming is likely to be one of the key areas for the development of killer decentralized apps.
In a new interview with CryptoPotato, Zhao Chen says,
“We believe that in the future digital assets will cover so many areas we can’t even imagine. But from today’s point of view, the lowest hanging fruit within the space are native digital assets, and games are already in a digital form on your laptop or your phone. These are areas that are quite easy for game developers and game players to adopt.”
Enjin
‘Enjineers’ will now make your made-to-order blockchain assets, from collectibles to rewards to gift certificates. Blockchain gaming platform Enjin has launched “Mintshop,” a new blockchain item creation service.
“Mintshop allows users to create both fungible (identical) and non-fungible (unique) token items powered by a robust suite of smart contracts – all by simply submitting a name, description, image and placing an order. Mintshop customers can mint up to 10,000 custom-branded ERC-1155 tokens for as little as $0.03 per token within minutes.”
CoinGecko just released its 2018 Q3 Cryptocurrency Report, highlighting the latest trends in crypto.
The report breaks down the year-on-year returns of Bitcoin, Ethereum, XRP, Bitcoin Cash and EOS. With the exception of Ethereum, which is down 22%, the top five coins have made a positive return.
