Crypto News Round-Up December 7

ADOPTION
Australia’s First Fully Accredited Blockchain Courses

Australia now provides educational blockchain courses for professionals. The Advanced Diploma of Applied Blockchain (10747NAT), developed by Blockchain Collective and accredited by the Australian Skills Quality Authority (ASQA), is Australia’s first formal, nationally recognised, accredited blockchain course. It consists of eight modules, including six core modules and two electives.

BET
$1 Million Bet On Crypto Can Beat The S&P

Morgan Creek Digital, an institutional manager focused on cryptocurrencies and digital assets, has bet $1 million that these assets will outperform the S&P 500 during the next 10 years. The fund contains Bitcoin, Ethereum, Bitcoin Cash, EOS, Litecoin, Monero, Zcash, Dash, Iota and NEM.

FACEBOOK
Facebook Will Build ‘Most Used Product In Crypto’

And still on Morgan Creek, the company’s Anthony Pompliano has declared that, contrary to the expectations of skeptical voices in the blockchain space, Facebook will eventually build the “most used product in crypto”. The comment came in response to a tweet that “Facebook is hiring blockchain engineers without a clear role”.

CHASING
SWIFT Matches Ripple with New Cross-Border Payment System

The Society for Worldwide Interbank Financial Telecommunication (SWIFT) is piloting its new payment system to combat the increasing threat from fintech start-ups such as Ripple, TransferWise and Revolut. The system is based on an application programming interface without a distributed ledger, and aims to make international payment better, faster and cheaper.

REGULATION
Chilean Supreme Court Supports Bank’s Closure of Crypto Exchange Account

While other countries in South America are opening their arms to cryptocurrencies, Chile is taking a firm stance against it. The Third Chamber of the Chilean Supreme Court recently rejected an appeal from crypto exchange Orionix, meaning the account of the company with state-owned BancoEstado will remain closed. The court mentioned that the lack of clarity around cryptocurrency led to the bank finding it difficult to fulfil its duties which is why it ultimately decided to close the account.

MARKETS
The Top Four Reasons Crypto Volatility Went Through The Roof

Until November, crypto market volatility was trending down. CCN’s suggests there are four reasons volatility has gone crazy. 1. Uncertainty before the Bitcoin Cash fork. 2. The hash war after the fork. 3. The SEC clamping down on ICOs. 4. Institutional buy in late in November. Strap in because volatility looks here to stay.

REPORT
Monthly Exchange Review For November

Cryptocompare, the cryptocurrency market data aggregator, has published its monthly exchange review for November 2018. Trading on fiat-to-crypto exchanges constitutes a third of daily spot volumes. 90 percent of platforms charge trading fees, while two percent operate no fee models. Korean Won (KRW) dominates BTC to fiat spot volumes, representing half of all volumes. Bithumb beats Binance as the largest exchange by daily volumes and ZB comes to a third place.

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Originally published at nauticus.exchange on December 7, 2018.