IKEA settles supplier invoice on Ethereum blockchain – October 2

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $8,297

The cryptocurrency market is down half a percent today. Bitcoin is down exactly that much, while Ethereum is up one percent and XRP is up half a percent. In the top-20, the biggest mover is Chainlink, which is up 7% over the last 24 hours.

Top Stories for October 2, 2019 πŸ”₯

πŸ‘‰ IKEA settles supplier invoice on Ethereum blockchain

IKEA is a major Swedish furniture retailer that operates across the globe. Famed for its flatpack, home-assembly furniture and restaurant meatballs, the chain also has stores in Iceland.

An Iceland branch of IKEA has just settled a supplier’s invoice on the Ethereum blockchain. The invoice was paid using a tokenized form of Iceland’s local currency, the krona, thanks to a startup called Monerium.

πŸ‘‰ Hong Kong Bitcoin volume reaches ATM on LocalBitcoins

Hong Kong is a city-state in turmoil, what with residents protesting every few days. Naturally, with large-scale protests and social disruption, many individuals are turning to decentralized cash to protect themselves.

Bitcoin trading volume on LocalBitcoins, a service that allows you to find buyers and sellers of cryptocurrency, reached new highs for Hong Kong yesterday.

πŸ‘‰ BitMax accused of pump and dump schemes

BitMax is a global cryptocurrency exchange operating in the United Kingdom, United States, and various other countries. It offers in-house market making services for projects that choose to list on its platform.

BitMax has been accused of pump and dump schemes relating to projects listed on the exchange. Dissatisfied customers say the exchange’s market making service busy up large amounts of cryptocurrencies as they rally, leaving an overvalued token and a huge lack of liquidity to dump shortly thereafter.