Microsoft Announces Crypto Token Platform for Businesses – November 5

📈 30 Second Cryptocurrency Price Summary

Current Bitcoin Price$9,311

Bitcoin attempted a bullish breakout today, briefly breaking the $9,500 mark. The bullish price action didn’t last long, however, with the rally being rejected back to the $9,300s.

Top-20 altcoins seemed relatively unfazed, with XRP and Ethereum barely moving in USD value. EOS and ADA saw some larger moves, each rallying 2.5%.

Top Stories for November 5, 2019 🔥

👉 Microsoft Announces Crypto Token Platform for Businesses

Microsoft have unveiled their Azure Blockchain Tokens platform, which will allow businesses to create their own tokens with ease.

They will be able to base these on a growing selection of token templates, which will fit the Token Taxonomy Initiate (TTI) standard.

The eventual goal is a cloud-based platform where users can integrate TTI tokens into applications for a wide range of uses.

👉 Canadian Crypto Exchange Shut Down by Authorities

Einstein Exchange, based in Vancouver, has been taken over by the BC Securities Commission (BCSC) “to protect customers”.

The BCSC had received various complaints from customers of the exchange, who claimed they could not retrieve their funds from the platform.

Concerns had also arisen about the exchange being involved in money-laundering activity.

👉 Stellar Lumens Burns Half Its Token Supply

55 billion XLM tokens have been burned by the Stellar Foundation, after a live announcement at the Stellar Meridian conference.

The price of the coin rallied following the announcement, jumping 14% in a single hour. The total XLM supply is now 50 billion.