The first day of October started off the month with an eventful day in the crypto space. Although Bitcoin price remained stagnant for yet another day, the headlines saw movement. Here’s the day’s action:
Ripple Event Reveal: 3 Companies Are Now Using XRP For Real Payments
Today it was announced at the Ripple Swell Conference, that Ripple product xRapid is now being utilized commercially by 3 companies. xRapid uses the XRP token as a means for worldwide payments, providing added speed and liquidity. The 3 companies include MercuryFX, Cuallix, and Catalyst Corporate Credit Union.
Bill Clinton: Over-Regulation Could Kill Blockchain’s ‘Golden Goose’
Bill Clinton spoke at the Ripple Swell conference today, making a point new technology could in fact be killed off by excessive regulation. Clinton also made interesting points in relation to cybersecurity difficulties for the U.S. government, as well as the importance of the fact that blockchain is borderless.
Report: Institutional Investors Largest Buyers Of Crypto Transactions Over $100K
Based on reports from Bloomberg, CoinTelegraph explains that institutional investors are now the main purchasers of cryptocurrencies, as far as $100,000 (and over) transactions go. This category formerly belonged to individuals of high net-worth.
This could show that interest is still brewing in the shadows, amidst a bear market (opinion).
China’s Oldest Tech Publication Begins Accepting Bitcoin Payments
Technology Life (a product of Beijing Science and Technology News) announced that they will welcome Bitcoin as compensation for subscription beginning in 2019. The move is aiming in part, to give publicity to crypto and blockchain tech, as well as achieve greater diversity.
Malta To UN: Cryptocurrency Is the ‘Inevitable Future Of Money’
Joseph Muscat (Prime Minister of Malta) made a bold statement on September 27, that crypto is “the inevitable future of money”. Muscat also makes additional statements as to how blockchain helps cryptocurrencies achieve transparency and additional significant potential. Malta has been dubbed ‘Blockchain Island’, with many crypto exchanges and projects residing within the jurisdiction of Malta, including the likes of Binance.