Crypto News Roundup! A quick read of the important news from 10/1 to 10/8
I would like to look back on the week from October 1 to October 8. This week also saw many cryptocurrency news items emerge. For those who are busy and can’t check crypto news often, reading this article should help you understand what events took place.
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1. xRapid commercially utilized by three remittance companies
2. bitFlyer establishes “bitFlyer Holdings”
3. XEM records a 7% intraday rise
4. Implications for BTC and XRP from a SNS awareness survey
5. Binance invests about 3 hundred million yen in TravelbyBit
6. MoneyTap launches general service
7. Ubisoft joins the Blockchain Alliance
8. U.S. SEC sets October 26 for Bitcoin ETF comments
9. SkaleLabs raises about 1.1 billion yen
1. xRapid commercially utilized by three remittance companies
U.S. international remittance startup Ripple (Ripple) announced that the xRapid product is commercially available and that MercuryFX, Cuallix, and Catalyst Corporate Federal Credit Union are now transitioning to production.
2. bitFlyer establishes “bitFlyer Holdings”
On October 1, the cryptocurrency exchange bitFlyer established the holding company “bitFlyer Holdings.” The purpose is to separate operational functions from supervisory functions, clarify responsibilities and duties for each function, strengthen corporate governance, and reinforce compliance systems. Accordingly, the organizational structure is being rebuilt.
3. XEM records a 7% intraday rise
On October 1, NEM (XEM) rose the most among the top 20 cryptocurrencies by market capitalization, gaining 7% over the past 24 hours. As of 10:00 on the 2nd, 1 XEM was trading at 11.8 yen, market cap 106.2 billion yen, ranking 15th by market cap, with 24-hour volume of 1.879 billion yen.
4. Insights on BTC and XRP from SNS awareness survey
On the 2nd, Thomas Lee, founder of the U.S. independent research firm Fundstrat, conducted a survey on cryptocurrency market awareness via Twitter. The results showed that 45% of respondents think BTC has bottomed, and 43% believe XRP will be the best-performing cryptocurrency over the next 12 months. The survey consisted of six questions, each receiving between 5,000 and 6,800 votes.
5. Binance invests about 300 million yen in TravelbyBit
Binance invested AUD 3.5 million (about 300 million yen) in TravelbyBit, a blockchain payments provider supporting the travel industry. They aim to deploy a blockchain-enabled POS payment system at major airports worldwide.
6. MoneyTap launches general service
Today, SBI Ripple Asia, a subsidiary of SBI Holdings, announced the launch of its smartphone remittance app “MoneyTap,” developed in collaboration with partner banks.
7. Ubisoft joins the Blockchain Alliance
Ubisoft, which has developed many AAA games such as the Assassin’s Creed and Far Cry series, is moving closer to the blockchain industry.
8. U.S. SEC sets October 26 for Bitcoin ETF opinions
In a filing on the 4th, the U.S. Securities and Exchange Commission (SEC) issued amendments to several Bitcoin ETF applications. The amendments pertain to nine ETFs proposed by three asset management firms (ProShares, GraniteShares, Direxion), and the contents are similar across all.
9. SkaleLabs raises about 1.1 billion yen
Skale Labs, a startup developing Ethereum (ETH) scalability infrastructure, announced that it raised approximately $9.65 million (about 1.1 billion yen) in a funding round led by Multicoin Capital.
