Cryptocurrency Daily Roundup – Nov. 8

A few of the widely followed stories on Cryptocurrency and Blockchain during the past 24 hours.

Hublot’s $25,000 Swiss Watch Can Be Bought Only With Bitcoins

LVMH-owned Swiss watchmaker Hublot has unveiled a limited-edition watch, which can be bought only online and with Bitcoins.  Celebrating the tenth anniversary of the major cryptocurrency, Hublot’s Big Bang Meca-10 P2P has been launched as a limited edition of 210 timepieces, reminding of the global Bitcoin mining limit of 21 million. The deliveries are expected to start in January.

Texas Issues Cease And Desist Order To 2 Cryptocurrency Mining Firms

Texas Securities Commissioner Travis J. Iles issued emergency cease and desist orders to Quebec, Canada-based EXY Crypto, and AWS Mining PTY Ltd., based in Sydney, Australia. Both entities describe themselves as cryptocurrency mining companies. The companies were found to be aggressively recruiting sales agents through LinkedIn, Facebook, and other online marketing channels.

Israel’s EToro To Use Blockchain To Reduce Global Wealth Inequality

Israeli social trading and investing platform eToro launched a blochchain-powered GoodDollar experiment with $1 million in funding to research how to reduce global wealth inequality. eToro is also calling for more “brains, ambassadors and funders” to join the experiment which will use new technologies powered by blockchain. The experiment uses the principles of universal basic income (UBI).

Current Prices

As of this writing, Bitcoin is trading down 0.14 percent or $9 at $6485.95. Ethereum is 0.63 percent or $1.36 lower at $215.23 on Coinbase.

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