TL;DR: Welcome to In Case You Missed It (ICYMI), a daily crypto news update. A “satoshi” is now in the Oxford English Dictionary. eToro launches Twitter sentiment-based investment portfolio. Facebook Coin Libra will “move forward.” DGLD digital gold coin launched by CoinShares. Trade finance to happen with blockchain help in South Korea, and Cryptophyl airdropping USDH to DROP holders.
A “satoshi” Enters the Oxford English Dictionary
A satoshi, the smallest unit of bitcoin available, is being added to the Oxford English Dictionary as part of their latest quarterly update. According to their definition, a satoshi is “the smallest monetary unit in the Bitcoin digital payment system, equal to one hundred millionth of a bitcoin, named after Satoshi Nakamoto, the—probably pseudonymous—developer(s) of Bitcoin.”
eToro Launches Twitter Sentiment-Based Portfolio
eToro, the online social investing platform, partnered with cryptocurrency research firm THE TIE to launch a portfolio offer with a different approach: a Twitter sentiment-based allocation tool. It will use AI to scan the Twitter social network for cryptocurrency-based comments and assign them a sentiment score. Then the portfolio is redirected automatically to allocate funds to the cryptocurrencies with a better sentiment score once per month, giving social media pivotal importance.
David Marcus Says Libra Will “Move Forward”
David Marcus, head of Calibra and the executive in charge of the Facebook cryptocurrency project, declared Libra will move forward despite having a significant number of important members pulling out of the platform. “I totally respect the fact that those businesses and those leaders have a responsibility to their shareholders,” Marcus insisted, but made very clear the project will continue. “We are going to move forward. We are going to add more members.”
DGLD Digital Gold Coin Launched by CoinShares
CoinShares, a crypto asset manager, rolled a digital gold coin called DGLD, in collaboration with two other firms, Blockchain and MKS. Each coin is the equivalent of 1/10th of a troy ounce of gold and is vaulted in Switzerland. The objective of this coin is to eliminate the troubles physical gold presents investors, along with custody issues. DGLD will use the Bitcoin blockchain as a security measure, and will only be available on Blockchain’s exchange THE PIT, excluding countries such as the US and Canada.
Trade Finance Going Blockchain in Korea
Trade finance in Korea is headed to the blockchain according to government sources. The transition could be completed by 2021, while foreign-exchange transactions are set to be conducted using the technology within months. https://t.co/xsJzBxEJhn
— CoinDesk (@coindesk) October 15, 2019
Blockchain will be a pivotal instrument for trade finance in Korea, according to the Development Plan for Digital Trade presented by Finance Minister Hong Nam-ki recently. “We will build a digital trading platform that can be easily and conveniently used in all stages of export,” Hong said. Shared documents will be on the blockchain so financial institutions and other interested third parties can check them. The technology is expected to start being adopted in months, with a planned goal of a total implementation for 2021.
Cryptophyl Airdropping USDH Tokens to Drop Holders
1500 USDH aidrop for holder's of Cryptophyl's native SLP-based exchange token Drop tomorrow:
Snapshot at 10:30 UTC
Drop at 11:30 UTC
This airdrop will use the dividends model, allowing Drop holders to receive USDH both on and off chain ✅
— Cryptophyl (@cryptophyl) October 15, 2019
Cryptophyl, the first SLP token cryptocurrency exchange, will proceed with their announced USDH airdrop as a part of their continuous airdrop philosophy. Holders of the exchange’s native token, called Drop, will receive a part of 1,500 USDH corresponding to shares of DROP holdings. Cryptophyl is continuously adding tokens, and for every token added a new airdrop is held to receive it on the exchange. The exchange will use SLP tech that allows for DROP holders out of the exchange to also receive their share of the airdrop.
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