Coinbase lists stablecoin USDC, Ethereum used for charity, blockchain smartphone news, and global regulation developments, all while the crypto market stays at a fraction of its former glory, just above $200 billion, according to real-time . Let’s check out today’s action!
Companies Coinbase And Circle Join Up To Promote Stablecoin Adoption
Coinbase announced today that it will host a stablecoin called USDC. Coinbase will also partner with Goldman-Sachs backed company Circle, to create CENTRE Consortium. Their goal is to help promote stablecoin growth and adoption.
Coinbase aims to comply with the regulation. USDC is the first stablecoin they have listed.
Stablecoins have been the topic of significant discussion recently, with prices seeing significant fluctuations. Many exchanges have also given significant attention to stablecoins, often multiple different stablecoin options.
Global Charity Oxfam Will Use Ethereum To Deliver Microinsurance
Oxfam is a non-profit organization looking to help in the area of worldwide poverty. They are now working with Etherisc, which uses the Ethereum network to offer microinsurance. (Microinsurance helps low-income individuals.)
Efforts are being focused on Sri Lanka. CoinDesk reports -“Etherisc’s blockchain solution is being applied to an existing weather index insurance product supported by Oxfam in Sri Lanka, said Michiel Berende, the startup’s inclusive insurance lead”.
Etherisc is able to cut some of the costs normally associated with insurance, due to its automated system on the blockchain.
New SEC Commissioner Briefed On bitcoin ETF In October
Elad Roisman, the Security and Exchange Commission’s (SEC) new commissioner (as of September), conversed with several companies on October 9 about their pending ETFs.
Agents from VanEck, SolidX, and the Cboe all met with Roisman “to discuss a rule change proposal the companies submitted as part of an effort to launch a , according to “, CoinDesk reported today.
A has been the subject of significant headlines in the latter half of this year.
Swiss Financial Association Publishes Anti-Money Laundering Standards For Digital Assets
With 2018 seemingly the year of regulation, it comes as no surprise to see almost daily regulatory .
The Capital Markets and Technology Association (CMTA) of Switzerland recently released updated rules for anti-money-laundering (AML) practices concerning cryptocurrencies.
CoinTelegraph reports on a statement that these standards are to “pav[e] the way for a compliant tokenization of financial assets” as explained by Fedor Poskriakov (general secretary for CMTA).
However, these standards are not official standards quite yet but show agreement from expert parties on the matter.
Electronics Giant HTC Announces Presale Of Its Blockchain Smartphone Exodus In BTC, ETH
HTC announced today that customers can buy the Exodus 1 blockchain smartphone early, but only if they pay in bitcoin or Ethereum.
At the time of writing, CoinTelegraph reports a price of 0.15 BTC or 4.78 ETH for the phone, which translated to roughly $960. Phones will be delivered sometime in December this year.
The phone will feature a built-in crypto wallet.
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