Daily Cryptocurrency News – 7th November 2018

Welcome to the most important cryptocurrency news of November 7th, 2018:

Malta Blockchain Summit, A Success that Puts Malta On The Blockchain Radar

According to the a report presented by Forbes, Malta made its entrance to the blockchain community by having over 8,000 people attending to Malta Blockchain Summit. Among the most important things presented, there was the VFAA. Apparently, Malta welcomed VFAA and ITAS on 1st November – exactly in the first day of the summit. More details about VFAA can be found here. Long story short, Malta wants to become the world leader in regulating ICOs, FinTech businesses, Cryptocurrency exchanges, Artificial Intelligence (AI) and Distributed Ledger Technology (DLT). And they’ll probably do it.

On November 1st, the summit started with the announcement of the Hackaton winners – winning a prize of $50,000. The winners were judged by important figures in the cryptocurrency industry such as Charles Hoskinson, Ilya Smagin, Scott Stornetta and Lucas Park. DataArt gained the first prize, followed by T-Pass and Tensegrity.

Also, 35 companies participated into a battle for the best ICO pitch. There were four winners:

  • Rise & AEToken in Day 1
  • Tatau & GoMama in Day 2

Rise is a company which use “AI-investment trading technologies for institutional investors and high-net-worth persons”. According to Tittel, the company is already revenue-generating and the future ICO represents only a way to scale and bring this technology this to the masses. More details about Rise and other important things that happen at the Malta Summit can be found here.

Second Biggest Bank in Spain Loans $150 Million on Ethereum Blockchain 

The $35 billion market capitalization bank, BBVA, has recently approved a $150 million syndicated loan on the Ethereum blockchain. The syndicated loan is a loan too big for one party to lend. So, more parties contribute with a share so the borrower is able to take home a large amount of money, and the risk is divided among the lenders.

Just to be clear, the BBVA didn’t offered the loan in Ethereum – it just used Ethereum blockchain for its immutability properties and time-stamped the date and a signed contract on it. The lender is Red Electrica,”a corporation which operates Spain’s national electricity grid”.

The decision was explained by Ricardo Laiseca, Head of Global Finance at BBVA:  “Everything is automatically recorded by the system, in terms of back office and operational costs,” More details about it on Finance Magnates

MetaMask – Introducing the Privacy Mode 

If you’re a fan of dApps, you probably have Metamask installed. You probably have it even if you’re not a fan of dApps – but you just wanted a safe and reliable Ethereum wallet. But now, Metamask is doing even more. The latest MetaMask 5.0 update have a new feature : a setting that requires dapps to ask permission to view your account address. For more details how they’re doing this – you can read their Medium post.

MetaMask recently hit 1.3 Million downloads. They’re now aiming for even more adoption with their mobile client. As Joseph Young stated, let’s give them a round of applause for what they’re building now.

Cardano Available on Bitpanda & Daedalus 0.11.1 with Cardano 1.3.1 Linux Beta Announcement 

Bitpanda announced yesterday that Cardano (ADA) is now available to buy o sell on it. Good news like this & the slow growth of the cryptocurrency market cap increased the price of Cardano to a $0.081, a 15% increase from the start of the month.

IOHK_Laurie also announced that Daedalus for Linux will be live on the next Cardano major release ( 0.12.0 for Daedalus, 2.0.0 for Cardano). While this may take some time, the team also launched an updated beta release for Daedalus 0.11.1 and Cardano 1.3.1. Tutorial on configuring Daedalus for Linux cane be found on Cardano Forum.

And there are even more news related to Cardano. EMURGO just launched today the first Cardano React Native library. For enthusiasts, more details can be found on GitHub.

Other Important News: 

If you’ve missed yesterday’s news – You can check it here: Daily Cryptocurrency News – 6th November 2018

Image Source: MaltaDreamWedding

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