Top News Daily 11.09.2018

- Nasdaq Said to Be Building Tool to Predict Crypto Price Movements

Nasdaq might be on the cusp of giving institutional investors an analytical edge on trading hundreds of crypto assets. According to a person familiar with the company's plans, the U.S. stock exchange is preparing to add tools for predicting the price movements of crypto assets to its Analytics Hub. The hub, launched last year, draws on machine learning and natural language processing (NLP) capabilities to parse through social media and other alternative data sources to give investors a better way to assess

- In China, people found a way to bypass the ban on crypto trading with Tether and VPN

Recall that the Chinese government has imposed a ban on crypto trading and the conduct of ICOs. But even the ban didn't stop many ingenious cryptocurrency traders from buying/selling cryptocurrency. According to a study conducted by Shanghai Securities News, Chinese investors are actively using the capabilities of the Tether (USDT) platform, as well as virtual private networks (VPN).

- Ripple Labs and R3 Consortium came to an agreement on the XRP case

Ripple Labs Inc. has announced it has reached a settlement “of all outstanding litigation” between R3 HoldCo LLC, R3 LLC, and XRP II, LLC, according to a press release published September 10. Per the statement, the details of the settlement will remain confidential while “both sides look forward to putting these disputes behind them.”

- SEC suppressed the activity of the cryptocurrency hedge fund Crypto Asset Management LP (CAM)

The Securities and Exchange Commission (SEC) accused Crypto Asset Management LP (CAM) of illegally providing hedge fund services. According to the Commission, this company also misled users, claiming that it is "the first regulated cryptocurrency fund in the US".

- The founder of the crypto exchange OKEx, allegedly arrested on charges of cryptocurrency fraud in China

Star Xu, the founder of exchange services provider OKCoin and the world’s second-largest crypto exchange OKEx, has allegedly been detained in China in relation to suspected digital currency fraud, local news outlet Sina News reports September 11. According to the news outlet, Xu is currently being held in the Shanghai Weifang Xincun police station, and will be released within 24 hours if insufficient evidence is found of his participation in suspected fraud.