Crypto News: Vechain, Stellar, Binance, Modum, Elastos, EtherDelta, SEC (5th – 11th of November)

SEC Targeting Crypto Exchanges

On 8th of November the U.S. Securities and Exchange Commission (SEC) has charged Zachary Coburn, the founder of crypto token trading platform EtherDelta, with operating an unregistered securities exchange..

Vechain Annoucements

Vechain had significant annoucement this week. The first one is where Invest Cyprus, the national Investment partner of the Republic of Cyprus, VeChain Foundation and CREAM, a USA registered legal entity with focus on blockchain project strategic advisory and investments signed a strategic collaboration.

The essence of this partnership is to establish a framework for the basis of cooperation in the field of blockchain technologies and related use cases. This collaboration signifies the change in the direction to a prosperous Cyprus in the next digital age.

Vechain has also annouced the Digital Carbon platform together with DNV GL, and other reputable enterprises, VeChain introduces. This platform prompts businesses and individuals to reduce carbon emissions in a sustainable and rewarding manner.

On top of that they have participated in the China International Import Expo announced by Chinese president where they showcased cold chain logistics solutions co-developed with DNV GL.

Stellar Lumens Airdrop

On 6th of November SDF also known as Stellar.org a non-stock nonprofit corporation bnehind Stellar Lumens has annouiced largest lumen distribution to date. Up-to-500 ($125M) million XLM will be distributed to users of digital asset wallet provider, Blockchain.com

The aim of this airdrop is to put the Stellar name and technology in front of Blockchain’s 30 million account holders, and bring many new users into the ecosystem. On top of that Stellar will be joining Ethereum, Bitcoin, and Bitcoin Cash as top-line options in one of the most popular digital wallets in the world.

It is estimated that people will recieve around $25 in XLM and the registration is currently available on the Blockchain.com website. While this is a publicity stunt it should bring more attention and more users to the project so overall an interesting approach.

Binance expanding

On 9th of November Binance has annouced that they are looking into attracting institutional investors via variety of improvements. Binance will try to compete for the institutional investors with the likes of Bakkt and seems to be a serious contender.

Amongst the recent improvements for insitituional investors Binance included:
upcoming fiat-to-crypto gateway in Singapore
tiered trading fee discount program for high volume traders
Greater support for Corporate Account holders
straightforward registration process for institutions
API system makes it easy for businesses to directly access the Binance platform

New upcoming features will include:
Up to 200 sub-accounts supported
Account and trading activity overview for sub-accounts: login history, open orders etc
No-fee transfers of funds between sub-accounts
Full control of sub-accounts, including resetting 2FA, removal of API keys/orders

Modum MODsense released

On 9th of November Modum (Zurich-based start-up providing a digital value chain monitoring solution for technology and pharmaceutical manufacturing) has announced the commercial availability of MODsense, its temperature-monitoring solution for the pharma supply chain developed under collaboration with Swiss Post and SAP.

MODsense offers several improvements over existing processes:
Ease-of-handling and integration
Immediately available data
Automatic validation of pre-configured quality conditions

With the release MODsense is now available and the evaluation kit allows the customers to test MODsense in their organization (mostly aimed at pharma distributors). Those kits should start shipping in December. All of that is making MOD token an interesting investkment option especially since the token is still outside of top 200 in terms of mcap.

Elastos product update

On 6th of November Elastos (basically fully decentralized, peer-to-peer internet) has provided an outline of the working ecosystem with several live products and a great deal more in development. The ecosystem include:

Elastos SPV Wallet – to enable users to develop unique wallets that connect to the blockchain
Elastos Blockchain Merged Mining – enables pre-existing bitcoin miners to update their clients to simultaneously mine Elastos without expending excess energy
Elastos DID Sidechain Service – allows for seamless interoperability between DApps and IDs of the devices
Elastos TV Box and Dittobox – TV Box that will be capable to work as IPFS nodes for supporting the distributed file storage network for the Elastos ecosystem. Dittobox allows users to use personal PCs as Elastos Carriers.

Not a financial advice.

Crypto News: Vechain, Stellar, Binance, Modum, Elastos, EtherDelta, SEC (5th – 11th of November)

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Kane Dane