Top 5 crypto news of the week

Top 5 crypto news of the week

If you haven't been keeping up with the cryptocurrency news this week, this article will help you get a comprehensive overview of all the major events. Here is a short summary of the most interesting news:

BAT listing on Coinbase

Coinbase staff Pro recently announced the addition of Basic Attention Token (BAT) to their platform. The statement indicated that BAT is still not available on Coinbase.com or in mobile applications for iOS and Android. In case of changes, representatives will make a second statement.

The message also stated that the platform will accept deposits for at least 12 hours before the start of trading. Once the appropriate level of liquidity has been established, trading on the BAT/USDC pair will be available on the platform. Customers can convert their USD to USDC in just one click in Coinbase Pro. BAT trading will be available to users in most jurisdictions, but initially will not be available to New York State residents.


Can blockchain save Goldman Sachs?

Goldman Sachs is embroiled in the worst scandal in its history - a multi-billion dollar international fraud. Investigators link him to Malaysian Prime Minister Najib Razak, who spent the proceeds of the fraud on luxury goods and an extravagant lifestyle.

The guilty plea of ​​a former Goldman Sachs banker was made public by federal prosecutors on Thursday, with a second banker charged with bribery and money laundering. Also indicted was a Malaysian businessman who, according to prosecutors, embezzled a large sum of money, which he spent on gifts for celebrities such as actor Leonardo DiCaprio and model Miranda Kerr. 


Whiteblock has published information that EOS is not a blockchain

Whiteblock, a blockchain testing platform that helps development organizations test the performance and development of distributed ledger technology, has stated that EOS is not a blockchain. After performing an analysis, Whiteblock concluded that EOS is just a cloud computing service.

In addition, through comparative testing of EOS software, experts determined that EOS transaction throughput is much lower than advertised.


Bitmex launches fork monitoring website

Cryptocurrency BitMEXhas launched a new website to monitor forks. According to the official statement, the website can be used to monitor hard forks and soft forks. This will help identify unintentional consensus errors, and will also be used during the Bitcoin Cash hard fork, which is expected to happen on November 15, 2018.

According to BitMEX representatives, the site will be released as an open resource that will help monitor activity on different nodes. Therefore, any companies and individual users will be able to monitor the state of the network.


Morgan Stanley publishes a bullish report on Bitcoin

Multinational investment bank and financial services company Morgan Stanley published its latest report on Bitcoin on October 31. Despite the bearish forecasts of 2017, the latest report that examines the evolution of Bitcoin and change in its investment roleis bullish. Morgan Stanley analysts also report on the reaction of banks and investors to the recent trend of stablecoins. The report also points out the disadvantages of Bitcoin - volatility and lack of regulation.

According to the bank's analysts, financial markets will be widely accepted in the future. cryptocurrencies: “We believe that in the coming years the market may focus on cross-trading between cryptocurrencies, which will be carried out only through distributed ledgers, and not through the banking system."



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