Top stories in The Crypto Roundup today:

• Ripple Progress Report: 300 RippleNet Customers, 24 Using XRP-Powered xRapid
• Tassat Moves Closer to Crypto Derivatives Offering With CFTC Approval
• Mining Rig Manufacturer Canaan Registers $13 Million in Profit for Q3 2019

At the time of writing, bitcoin (BTC) is trading at $9,101 (-1.71%) with a daily trusted volume of $1.09 bn. As for ether (ETH), it is trading at $184.22 (-2.02%) with a daily trusted volume of $270.07 mn. The MVIS CryptoCompare Digital Assets 10 Index is currently tracking at 3,129.83 (-1.55%).

Ripple Progress Report: 300 RippleNet Customers, 24 Using XRP-Powered xRapid

Ripple has issued a progress report in which it reveals that there are now over 300 RippleNet customers (across 45 countries); two dozen of these are using xRapid, Ripple's on-demand liquidity (ODL) solution, which uses the digital asset XRP as a bridge currency for cross-border, cross-currency fund transfers.

The initial payment corridors served by xRapid were U.S. to Mexico and U.S. to the Philippines, with xRapid's use now expanded to Australia (and soon to Brazil). Ripple says that there are plans for "additional corridors across APAC, EMEA and LATAM are in progress for 2020."

Tassat Moves Closer to Crypto Derivatives Offering With CFTC Approval

Tassat Derivatives has acquired a swap execution facility (SEF) registration after obtaining regulatory approval. 

The U.S. Commodity Futures Trading Commission (CFTC) announced on Thursday the approval of the transfer of a SEF registration from trueEX LLC to Tassat on November 6, four months after the two companies agreed “in principle”  to the arrangement. Formerly known as trueDigital Holdings, Tassat made clear its intentions over the summer that it was seeking to launch a fully regulated crypto derivatives exchange in the US, offering physically-settled bitcoin swaps among other products.

Mining Rig Manufacturer Canaan Registers $13 Million in Profit for Q3 2019

Crypto mining rig manufacturer Canaan Creative posted a net profit of $13 million for Q3 2019, as the mining industry seems to continue its resurgence after a difficult period in 2018 and 2019. 

According to a report by Finance Magnates, Canaan registered 94 million yuan ($13 million) in net profit during the third quarter of this year. The numbers were released on Nov. 6 as part of an update to the firm’s filing in the U.S. for its initial public offering (IPO). Canaan also reported 670 million yuan ($97 million) in quarterly revenue, up 40% over the same period from the year before.

Meet Pepo: The first crypto-powered app approved by Apple

Pepo, the first decentralized platform approved to sell crypto in-app by the Apple App Store, launches at San Francisco Blockchain Week. The app lets crypto enthusiasts connect and share content on a network designed by and for members of the community. Pepo offers a blazing fast and gorgeous user experience, demonstrating that the cryptocurrency experience can be so much better than what we are used to.

Pepo’s approval from the Apple App Store is a major validation from a company with famously high standards, especially around privacy, performance, and user experience. A beta version of the Pepo app debuted at DevCon 5 in Osaka, with over 1,000 users signing up and performing over 30,000 transactions.

For years, cryptocurrency enthusiasts have been using Twitter and Reddit as their main social networks. These older services have provided a space for the crypto community to come together and help move blockchain forward. But it is time to establish our own platform that fully reflects the community’s values.

That time is now. Meet Pepo.

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