Russian ruble on Binance / Bitmain's mining facility / GoCrypto to expand

Inside Bitcoin presented by Odoo.

Presented by Subscribe | View in browser Market Watch: Monday trading is proving positive for the market after spending last week in the red. Bitcoin is once again back over $8,000 and Bitcoin Cash has reclaimed fourth place ahead of Tether. Bitcoin: $8,266 (⬆️ 2.86%) // $148.8 billion market cap. Ethereum: $176 (⬆️ 1.41%) // $19 billion market cap. XRP: $0.293 (⬆️ 0.45%) // $12.6 billion market cap. Bitcoin Cash: $232 (⬆️ 5.94%) // $4.2 billion market cap. Top 100 Winner: Bitcoin SV: $105 (⬆️ 14.69%) // $1.8 billion market cap. Top 100 Loser: Aurora: $0.006 (⬇️ 12.32%) // $41 million market cap. Prices are as of 1:02 p.m. EDT.       1. The Russian ruble will be the first fiat-to-cryptocurrency trading option on Binance, according to the platform's CEO Changpeng "CZ" Zhao. Speaking at the Open Innovations 2019 conference in Moscow, Zhao stated that fiat options are on their way. He went on to say that in around two weeks Binance should have support for the Russian ruble as well. The announcement follows on from news that it was listing a new token on Binance pegged to Bitcoin Cash. The BCH-1FD token will be tradeable on Binance DEX, which, according to the platform, will provide more trading options for DEX users. –COIN DESK Why It's Important: This is a significate step for the platform as up until now it has only supported crypto-to-crypto trading.       2. Chinese crypto hardware manufacturer Bitmain has opened what it claims to be the "world's largest" Bitcoin mining facility in Texas. In a press release, the company said that it had fulfilled its commitment to build the initial 25MW mining farm in Rockdale. It will continue the construction of the 50MW farm, which can expand to 300MW facility, making it the biggest in the world, as per the announcement. Rockdale Mayor, John King, said that Bitmain will be the future for developing new industrial projects in the city. –YAHOO! FINANCE       A MESSAGE FROM ODOO New Conference: Odoo Connect 2019 [Business Software]   Business leaders, entrepreneurs, CEOs/Founders, IT professionals, and developers from around the world come together for 3 days of workshops, presentations, and business software demos to help businesses connect their teams and scale their growth. Inside subscribers are invited to get a free pass! Free Pass   3. GoCrypto, a crypto payment infrastructure provider, is now available in 530 stores across Croatia and Slovenia. Having succeeded Eligma's Elipay, GoCrypto is now setting its sights on other parts of Europe, namely Bulgaria, Serbia, Switzerland, Turkey, and the U.K. According to the company, payments are processed straight away while merchants can enjoy low transaction fees. GoCrypto has said that there are around four million potential customers in those countries and with the likes of Facebook and Walmart exploring stablecoins, the awareness of crypto among the public will grow. –COINTELEGRAPH       4. Three computer science students from the Malla Reddy Engineering College for Women have created a blockchain-based voting system that enables them to vote online. The idea behind the creation is to reduce voting challenges that many often face in urban areas such as long queues at polling stations. The system has been tested and, reportedly, showed a good level of security and resistance to tampering. –THE HINDU BUSINESS LINE       5. Mitsubishi Research Institute (MRI) and a railway company based in Osaka are issuing a local cryptocurrency in Japan's popular Mie Prefecture. According to the MRI, the currency, called the Kintetsu Shimakaze Coin, will be using the blockchain and will be available from November 11 to January 31. During the trial, only 15 establishments in the region of Ise-Shima will accept the coin. –MRI       6. Mayalan Banking Bhd (Maybank) has signed a memorandum of understanding (MoU) to use Cambodia's central bank's blockchain system for remittances. Maybank is to work with the National Bank of Cambodia (NBC). Maybank Malaysia, Maybank Cambodia, and NBC will look at how funds can be transferred between Cambodia and Malaysia using the NBC's blockchain-based system. Chea Seray, the assistant governor and the director-general of the central bank at@ NBC, said that this will boost payment systems at both national and international levels. –THE EDGE MARKETS       7. A California man is suing wireless service company AT&T for allegedly allowing the loss of $1.8 million, including crypto, in a SIM-swap. According to a lawsuit, employees of the firm permitted unauthorized access to the man's phone to hackers between May 16 and May 18. As a result, thieves were able to gain access to his personal and digital finance accounts and steal $1.8 million. They also reset his crypto account passwords for exchanges such as Bitfinex, Bittrex, Coinbase, and HitBTC. –COINTELEGRAPH       8. India's finance minister Nirmala Sitharaman has said that India is taking a "cautious" approach to Facebook's proposed Libra stablecoin. Speaking in Washington at the annual International Monetary Fund (IMF) and World Bank meeting, Sitharaman said that "countries were cautioning into rushing into [Libra]." His words come at a time when the stablecoin is facing negative backlash from global regulators and when the country's central bank, the Reserve Bank of India (RBI), has banned the use of cryptocurrencies. –THE NEW INDIAN EXPRESS       9. The Argentine Citrus Federation is the latest to use the blockchain to trace fresh fruits. The federation's president, José Carbonell, said that the decision "adds value to the product." Not only that, but the federation sees the blockchain helping Argentina to become a leader in the citrus industry. –FRESH FRUIT PORTAL       10. Tom Lee, managing partner and head of global research at Fundstrat, has said that "it's possible" the crypto market is slowing bleeding itself to death. On Twitter, the "unpopular opinion" that Bitcoin has had its glory day and the market is slowing drying up while exchanges, early adopters, and devs all made their money was stated. Replying to this, Lee simply said: "it's possible." –@york780       This newsletter was written and curated by Rebecca Campbell. She has been writing and reporting on various industries for the past 10 years, more specifically tech in the last three. Connect with her on Twitter. Editor: David Stegon (senior editor at Inside, whose reporting experience includes cryptocurrency and technology).       Ad Want to attend Odoo Connect? Visit the event page to get a free ticket at odoo.com/inside

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