Ripple published the quarterly XRP Markets Report to provide transparency and regular updates of the XRP market. However, the report shows that Ripple Q3 2019 sales have drop-down drastically by 74%. The Q3 total sale amounts to $66.2 million. The price of XRP declined by 35.4% as declared in
Ripple Q3 2019 sales report. This may be one of the reasons for the drop in sales.
However, Ripple claims that uptick in FUD (fear, uncertainty, and doubt) and the spread of misinformation about XRP is the main reason for Sales drop. The team encouraged the crypto industry to think above this FUD as the company is taking steps to address this misinformation and FUD.
Facebook's dream of launching its stablecoin, Libra seems to be farfetched and unacceptable to the masses. From the time of the announcement, Libra is facing the brunt of Government and other financial institutions. JPMorgan CEO, Jamie Dimon said that Facebook’s not-yet-released Libra is “a neat idea that will never happen.” He addressed a speech at the Institute of International Finance conference on Friday, Oct 18. The CEO further compared Libra to their native coin JPMCoin, claiming that the Libra initiative had no uniqueness. He also revealed that JPMorgan is spending over $11 billion on technological developments this year.
Earlier this week, Libra association was officially found to take Libra developments forward. However, the team met a hunch when key partners started to withdraw their support.
UK-EU Brexit Agreement generates volatility. As the deal is still in talks and not finalized, volatility drops down. U.S. market is affected largely as per the Wall Street report. VIX dropped 33% as its volatility index was in the red region. Boeing shares dropped more than 6%. Of the 11 major sectors in the S&P 500, six were in the red.
Larry Kudlow the President head of the Economic Council conducted a meeting with President Trump. He also advised Trump regarding the US-China trade war and the upcoming recession alongwith the Brexit deal affects. The UK-EU Brexit deal is positive and certainly creates positive sentiment. However, in the end, it is not material for most investors, which will weaken the economy.
ACINQ, a Bitcoin Lightning developer, unveiled their 2nd generation Lightning Wallet, Phoenix on Oct 18. The company is in plans to make its payment system scalable and instantaneous. Phoenix allows making payments in less than 3 minutes. The features also include setting up the wallet, receive money, make on-chain and off-chain payments and do a full seed-based backup restore. A video along with the post explains more about these wallet functions, all accessed via a user-friendly interface.
Earlier this month, ACINQ had received $8 million from a French bank - Bpifrance bank. The company also plans to develop its native LN Wallet, Eclair.
Netflix, the American media-services provider, and production company earlier saw a rise in share prices as International Subscribers increased. However, as per the latest reports, the Netflix share price growth has become stagnant. The stocks closed at 2.4% on Thursday as compared to an 11% gain on Wednesday.
Netflix management blames the stock decrease on less domestic subscription. Though International subscriber count is increasing, the U.S. domestic subscription is not as expected. The stock further declined on Friday. The Management further accepted competition form AAPL and Disney+ and have started taking precautionary measures.
American Telephone & Telegraph Company (AT&T) share prices are rising as the company is in talks with Elliott Management for solving investment issues. The telecommunications giant shares have seen a 0.69% rise on Oct, 18 pre-market tradings. Elliot has reportedly funded $3.2 billion to AT&T. The estimation is that AT&T share prices will surge by about 65% by the end of 2021.
AT&T stocks have overall gained 32.5%. October 17 saw 0.05% and stocks closed at $37.81 However, analysts expect the price to increase the target price to $36.50. But based on the current scenario, the company’s net profit is estimated to fall by 1.5% by the year-end.
Ripple CEO is all in favor of supporting budding fintech companies. In a recent interview, Brad Garlinghouse claimed that Ripple signs more than 30 deals a week with financial institutions. This week, Ripple partnered with Finistra, fintech firm for blockchain payments. Further, he added that the company already has 200 financial institutions globally. Ripple currently owns around $15 billion worth of its native cryptocurrency XRP and is no need to raise funds for itself.
Garlinghouse also spoke about the Libra project. He said that the project would have been successful had Paypal led it inside of Facebook.
A day earlier, prices of Crude oil had seen a downtrend over China's GDP slowdown due to U.S.-China Trade. However, this claim was countered by bullish signals from both the Chinese and U.S. refining sectors. The Brent oil prices now increased by 1% or 35 cents to $60.26 a barrel. U.S. West Texas Intermediate (WTI) crude futures edged up by 66 cents, or 1.2%, to $54.57. Both crude oil is supposed to be at a steady price throughout the next week.
As U.S.-China Trade negotiators are working on nailing down a Phase 1 trade deal, the share prices are assumed to increase further.
The cybersecurity outfit, Avast shared its third-quarter results this Friday morning. The reports show that Avast share price is up by 6.2% than its earlier quarter. The cybersecurity firm reported "good" third-quarter growth with a net total of £170 million. Avast's adjusted revenue climbed 5.0%, or 6.6% excluding foreign exchange, to USD220.3 million.
Avast has a great increase in demand for VPN and privacy software. The increase in demand and sales have raised Avast share prices. Currently, shares in Avast are trading at 391.6p per share. Q3 fiscal year results up until Oct 18 seems impressive. Shareholders hope the share price to increase still by the end of 2019.
The UK government has announced Sh1.15 billion support for Kenyan fintech companies. Lord Mayor of the City of London, Alderman Peter Estlin confirmed around £11 million funding during a Nairobi visit this week. The funds will be channeled to Kenya via the Catalyst Fund. The Catalyst Fund supports business development and investor opportunities for early-stage fintech companies in emerging markets. With this fund, 30 or so Kenyan Fintech companies can connect with international investors and mentors.
The British High Commissioner to Kenya, Jane Marriott acknowledged the UK government's support. He further hoped to develop their fintech company further.
Every country now is thinking of a national digital currency along with Fiat currency. The latest addition to the list is the government of Wales. The currency termed as Celyn will coexist with the Pound sterling. The Welsh government wants to create an ecosystem for enterprises and firms.
As of now, the currency will be available only for small-size enterprises. With the advent of time, Celyn might replace the Great British Pound. Welsh Government is in talks with Circular Economy Wales to develop the currency. Wales is not alone; earlier, even Canada, Bhutan and China have introduced their digital currency.
Emaar, the Burj Khalifa and The Dubai Mall developer, is all set to launch a new blockchain-based referral and loyalty platform. The token is termed as EMR and will be released by the end of 2019. The platform will reward the customers with tokens for their loyalty and business referrals. These tokens can be redeemed in Emaar’s real estate, hotels, e-commerce operations, and malls. Also, the tokens can be traded with other users.
EMR tokens are accessible or can be redeemed using Emaar's dedicated mobile application on Android and iOS. It is said this is the first product of its kind being launched in the world.
U.S. China trade war is still having adverse effects on the World Economy. The worst affected is China itself. The third quarter saw China's economic growth slowing by 6%. The reason being termed is limited domestic demand and the downturn in global trade. Meanwhile, the dollar price was the weakest since the commencement of the Trade war.
Asian stocks got hit too. Japan’s Topix slid 0.2%, Shanghai Composite fell by 0.6%. The pound was at $1.2844, down by 0.4%. West Texas Intermediate crude fell 0.2% to $53.82. Analysts say that these Asian stock numbers are less than what was estimated. Investors look to a potential U.S. China trade war deal between President Donald Trump and Xi Jinping next month.
The IT giants Infosys, TCS, Wipro have declared their Q2 results for the fiscal year 2019-20. As per the reports, the collection has a mix response. Wipro saw a 35.1 percent rise in its net profit, while Tata Consultancy Services (TCS) saw a 1.8 percent year-on-year (YoY) rise. On the other hand, Infosys Q2 profit falls 2.2% YoY, however, it meets the Wall Street estimates.
Wipro posted a net profit at Rs 2,552 crore in Q2 results, TCS net profit is Rs 8,042 crore for Q2FY20 while Infosys posted a profit of Rs 4,110 crore. The IT giants declared these results on 11th October after the financial quarter ended in September 2019.
Earlier, we have reported about 18 millionth Bitcoin Mining. Today, October 18, 2019, will see the mining before the 15th hour of the day. To be precise, The 18 Millionth Bitcoin will be mined sometime before Midnight (IST). Only 3 million Bitcoin are left to be mined, which is estimated to happen in 2140.
APomp's tweet followed many comments. Most comments were related to 3 million bitcoin left. However, some were concerned about the transaction fees for further mining. The transaction fees are estimated to increase drastically. All-in-all, it will be interesting to see the Bitcoin price and how the mining will affect them.
Bitcoin Bull, John McAfee says "Stop HODLing, Start Spending Your Bitcoin" in his latest interview with Crypto Potato. This interview was to be held in June however, McAfee was not available back then. Even now, he gave an interview remotely from a location he terms as "Cage".
McAfee believes personal responsibility is very important in Bitcoin trading. "You’re responsible for your choices. I don’t think no central authority needs to get rid of anything". John McAfee is on the run for 5 months and manages all his activities from the Cage. He has also predicted Bitcoin’s price to reach $1 Million by 2020.
Galilieo Financial Technologies led by Clay Wilkes just now raised $77 million in venture funding. The round was led by Accel Partners. The company runs the backend integrations with financial institutions for some of the biggest names in financial technology. The Salt Lake City-based startup is planning to greatly expand its geographical reach beyond North America. The Company is in plans to open in Mexico.
Analysts say that the Galileo Foundation has been in profits for all its tenure as Galileo charges an amount on its every transaction. Galileo is also working on new products such as cash management and wealth management accounts.
Indiabulls Housing Finance share prices are experiencing an uptrend after Crisil confirmed the companies ratings. According to CRISIL report, IBHFL maintains strong liquidity with cash and cash equivalents at around 20% of total assets. Currently, the shares saw an 18% hike, however, shares had hit a 52-week low of Rs 165.95, falling 4 percent earlier this week. The CRISIL reaffirmation is a Boon to the company shares.
CRISIL is an agile and innovative, global analytics company driven by its mission of making markets function better. The company is India's leading rating agency.
Bitpanda exchange is growing and adding new cool features. The latest in the list is Bitpanda Pay. This service will allow users to send money to any IBAN in the European Union and pay bills directly from your Bitpanda account. As of now, the payment service supports EUR, USD accounts and BTC, ETH, BCH cryptos. The team seeks to add more currencies in the future.
Bitpanda Payments had earlier received EU Payment Service Provider License in April 2019. Bitpanda Pay is the exchange's first service based on license. Furthermore, the Bitpanda exchange is all set to roll out its iOS exchange in November 2019.
Binance, earlier in July had hinted towards allowing 20x leverage on Futures platform. Now, the Binance futures exchange increased the leverage to 125x with the launch of bitcoin (BTC)/tether (USDT) contracts. Users can adjust leverage between 1x or 125x.
Binance CEO Changpeng Zhao announced on Twitter on Friday, Oct 18, 2019. Additionally, Binance API is also available to trade with this adjusted leverage. Users can trade up on Binance to 125x leverage from their blog/website with the help of API. The crypto industry reacted differently.
The oil industry is facing the brunt of the crude stock. Thursday, Oct 17, 2019, recorded further slide in Oil prices as US inventory was prepared. Brent crude oil prices reduced by 39 cents while U.S. WTI crude oil was down by 43 cents.
The American Petroleum Institute (API) said crude inventories rose by 10.5 million barrels, now they are 432.5 million barrels. With oil stock in abundance and Oil demand lesser than usual, the Oil prices are seeing a downward trend. This situation may continue as the US-China Trade War is still not concluded. Hopes are set on the Brexit deal. Let’s see how the deal affects on Oil prices.
MasterCard is about to enter Southeast Asia's fintech community by collaborating with ASEAN Financial Innovation Network (AFIN). It will be the second corporate founding member of AFIN. The ASEAN platform will now be able to support more fintechs. MasterCard further plans to involve its START PATH program into AFIN’s API Exchange (APIX) ecosystem. Start Path is one of the best startup engagement programs.
AFIN is a not-for-profit membership organization created by MAS, IFC, and ABA to promote FinTech-Financial Institution collaboration and support financial inclusion. APIX platform is an online marketplace for financial institutions to collaborate with innovative fintech solutions
Netflix, an American media-services provider, and production company revealed its Q3 stock earnings. The company reported an 11% spike in their share prices in post-market trading as the international paid subscription has increased to 6.26 million. Wall Street analysts were expecting lesser subscription. Currently, Netflix shares amount to $314.50
Netflix shares are about 7% year-to-date as reported on Wednesday. However, Netflix estimates to get a total of 7.6 million subscriptions by the end of 2019 Q4. Analysts say the streaming company will face competition from Walt Disney Co’s Disney+ and Apple Inc.’s AAPL. Both Disney+ and AAPL have subscription plans lesser than Netflix
Stock market changes on the Go. It is hectic for users to check stock prices by searching via a browser or an app. What if your favorite stock prices are displayed on your home screen? MoneyControl's new feature, Stock Pin does the same thing.
With this feature, users can mark their favorite stocks. The app will then display stock changes in real-time. No need to open the app and search anymore. For now, the user can add up to four stocks/indices/futures. However, it will be increased in the future. StockPin alongwith MoneyControl Pro has paved a new trading way for users.
Bitcoin is depleting slowly. There are only 21 million Bitcoins that can be mined in total. Crypto influencer Anthony Pompliano tweeted that Friday, Oct 18 will see the 18th Million bitcoin mining. Only 3 million will be left to be mined before mining stops in the distant year 2140. Pomp further started a Hashtag "#3MillionLeft" to analyze market sentiment towards Bitcoin. The twitter comments say that Bitcoin prices will tend to increase. Currently, Bitcoin is trading at $7960.02.
Anthony "Pomp" Pompliano is a Co-founder & Partner at Morgan Creek Digital and also runs a column on crypto news for institutional investors.
Bank of America Corp, BAC saw a sudden rise in share prices. It rose by 1.8% in premarket trading. The market analysis had reported a steady fall in BAC share market prices. However, the fall was lesser than expected. Alternatively, revenue also increased. Total revenue rose to $22.81 billion from $22.72 billion. Currently, BAC is trading at $30.28
The reason behind this unexpected rise is being credited to Warren Buffett wanting to boost Berkshire Hathaway's stake by 10%. The stock has gained 2.6% in the last 3 months. There are several bullish claims that BAC prices will climb higher in the coming days.
As per Tuesday, Oct 15th report, Bank of Canada plans to launch its own Digital Currency. With this digital currency, Canadian Government aims to replace fiat currency. The report further explains that the coin will be globally available. It will initially coexist with paper money and other coins and will then replace them completely. The digital transaction will help the government to keep track of money spending.
Governor Stephen Poloz introduced this proposal in a presentation titled “Central Bank Money: The Next Generation” to The Logic. Canada is not alone, even China and Bhutan have introduced their digital currency earlier.
South Korea plans to bring Trade Finance on the Blockchain by 2021. According to an Oct 14 press release, South Korea’s Finance Minister, Hong Nam-ki announced the blockchain transition. A council will be organized for this. It will include banks, banking & trade associations, and the Korea Trade Network (KTNet). The trade finance related documents will be shared on Blockchain. The council will analyse the documents for transparency.
Nam-ki also plans to build a digital trading platform to streamline logistics-related trading activities. Furthermore, the Korean Government has initiated a digital trade foundation. This will reduce trade finance related costs by 90%.
On Tuesday, eToro has introduced a new tool, Crypto Twitter in partnership with TIE. This tool will help traders to analyse Bitcoin trends and invest efficiently using Tweets.
TheTIE-LongOnly CopyPortfolio, Crypto Twitter will analyse cryptocurrency-related tweets by scanning 850 million tweets every day. Joshua Frank, co-founder, and CEO of the TIE, said that Machine learning and natural processing technology will further aid the tool.
eToro does not have any additional charge to use Crypto Twitter. Though the analysis tool is a great leap towards understanding the crypto market, investors should still study the market in the initial days.
Swedish Fintech Klarna has announced a partnership with Samsung Electronics. It will give more flexibility to UK users while shopping on the Samsung website. The collaboration chalks out three payment options.
- Buy now, pay within 30 days
- Buy now, pay in three monthly installments
- Buy now, spread the cost up to four years
Samsung was in plans to make the payment system flexible to their customers. Nick White, Online Director at Samsung UK & Ireland said that Samsung met its partner in Klarna. The payment company shares Samsung's vision and it would also continue to support Samsung.com's upgrade programme.
In a dramatic turn of events, WeWork, real estate company is deduced to run out of money in Mid November 2019. WeWork had earlier seen the $12 billion investments and were in plans to launch an IPO to raise more funds. However, SEC found out serious shortcomings while WeWork IPO filing. The company has around $47 billion dollars in lease obligations.
WeWork has now two choices for the bailout. Selling a controlling stake to SoftBank for $10 billion or $5 billion financing package by J.P. Morgan. The reports say that, WeWork intends to choose J.P Morgan over SoftBank. Both the companies are outside partners of WeWork.
Singapore fintech startups are blooming and Investors are taking a keen interest in this industry. The report says that investment has hiked 69% from the year 2018. Although the year 2019 is still in its last quarter, analysis reports $735 million investments up until September 2019. These numbers exceeds the year of 2018 total investments which was $642 million.
However, the number of fintech deals fell from 2018 i.e 133 to 94. Investors are making larger deals in lesser startups. Additionally, Central Bank is planning to give five new digital bank licenses to non-banks. This analysis is based on data from CB Insights, Pitchbook & Tracxn.
The leading Cryptocurrency Exchange Binance announced to support the staking of ONE token on Binance, starting on 2019/10/16. Binance will distribute these rewards proportionately to users each month based on their daily average ONE holdings. As per the blog post, users must hold at least 175 ONE in order to qualify for staking rewards. The initial distribution of ONE staking rewards will be calculated through to the end of 2019/11/15, with the total amount distributed equally to the staking rewards accrued on holdings during the period. ONE rewards are calculated daily (hourly snapshots) and distributed monthly prior to the 20th of each month.
Crypto.com, the pioneering payments and cryptocurrency platform, announced today that it has added PAXG to Crypto Earn, allowing users to enjoy up to 8% p.a. on their deposits. Basically, PAX Gold is an asset-backed digital token where each token represents one fine troy ounce of London Good Delivery gold. Crypto Earn now supports 15 coins for holders to maximize their returns, including BTC, ETH, LTC, XRP, BNB, TUSD, PAX, USDC, MCO, BAT, LINK, CRO, MKR, DAI with the addition of PAXG. Interest is paid out weekly in the coin deposited with flexible, 1-month or 3-month terms available. Users earn more by staking at least 500 MCO.
BitGo has announced that it will support the Tronix TRX asset in its hot wallet and custody solutions in early November. This means that any exchange partners, prime brokers, and futures platforms that may want to custody TRX have a viable option to do so in a safe and compliant way through BitGo. This integration has come on the heels of increasing demand that BitGo has seen for TRX to be supported on the BitGo platform. BitGo’s support of TRON marks a milestone in enabling further institutional adoption for TRX. BitGo welcomes any inbound interest from financial services providers that may have interest in custodying TRX.
The Leading Coinbase exchange has received an e-money license from the Central Bank of Ireland. The license will enable Coinbase, which keeps its non-US headquarters in London, to process payments, issue e-money, and handle electronic money wallets. Coinbase says that the e-money license will not only strengthen the company’s operations in Ireland but throughout Europe as well.
Coinbase CEO Zeeshan Feroz, announced the news in a blog post on Friday, saying that the license will help the exchange expand its Irish operations, as well as allow it secure passports for customers across the European Union (EU) and the European Economic Area (EEA).
Cryptocurrency exchange Gate.io announced a Startup Discount Offer with wink token as the next project on October 16. Gate.io claims to provide more Startup token sales with discounts. The trading service will be enabled once the project fulfills its fundraising goal. However, to participate in Startup Sale, users will need to be a VIP. Participants will have a higher purchase limit with more GT holdings. To decrease volatility, the platform will apply the Call Auction Mechanism. Here, traders can place orders freely, but the orders will not be active immediately. When the auction is finished, users cannot place/cancel any orders. After the call auction data collection, the platform enables trading activities.
Telegram plans to postpone the launch of its cryptocurrency after SEC obtained restraining order to stop Token sale in the US. The SEC claims that the company sold unregistered securities. Telegram has responded to a recent court order by the SEC in a letter to investors in its token sale.
The platform told its token investors, they are surprised that the SEC chose to file the lawsuit. However, Telegram has tried to communicate with the regulator and solicit feedback over the past 18 months regarding its TON blockchain project. Telegram is telling its investors that it will Pause for some time to receive more clarity on the legal status of the TON project.
US Securities and Exchange Commission (SEC) has filed a lawsuit against Telegram on 11th October 2019 to stop their token distribution. According to SEC, Telegram has acquired $1.7bn of GRAM tokens from one of it's Initial Coin Offering. The messaging app plans to distribute these GRAM tokens on the blockchain by October 30. However, SEC claims that Telegram has acquired these tokens by committing fraud and violating the law.
Telegram has raised the GRAM tokens with SAFT. SEC says that the ones who purchase the GRAM are about to sell it back to Americans. This is against the registration requirements of the Securities Act of 1933. SEC claims that the messaging app wants to flood the Crypto industry with GRAM Tokens.
UK tech firm Block Matrix has raised $2 million investment to develop a Bottle Pay app that lets you send bitcoins via social media. Users can send bitcoins to their connections even if they don’t have a bottle pay account via their social media accounts.
Founder of Block Matrix Pete Cheyne added that the bottle pay app will break the barriers that enable everyone to access the bitcoin. Moreover, the platform lets people authenticate into the app from an account they already have and trust. Further, the platform is looking forward to increase the number of active users before obtaining the next investment.
Australia's 120-year-old Perth Mint has announced backing a new digital token PMGT. The main aim is to allow investors to trade precious metals in real-time. On Friday, InfiniGold introduced the Perth Mint Gold Token (PMGT). Moreover, 1:1 by GoldPass certificate backs PMGT.
The Government of Western Australia 100% guarantees the PMGT.
PMGT allows users to have a legal right over government-guaranteed physical gold stored at Perth mint. Moreover, professional services firm Ernst and Young designed The gold-backed token. PMGT provides an alternative to traditional gold investment products like ETFs.
South Korean blockchain startup ICONLOOP received 10 billion won (~over $8 million) in a Series A funding round. Many Fintech such as Korea Technology Finance Corporation, T.S. Investment was a part of this investment. As per the financial statistics, this is an investment that is first from the ICONLOOP launch in 2016.
The startup has many plans. The platform intends to launch a new decentralized identity (DID) service called “my-ID”. It will be a digital authentication service. The startup intends to expand the ID to fintech and e-commerce industries.
Bloq Cloud platform has collaborated with ETC Labs to provide blockchain infrastructure services to ETC Network. The BloqCloud Connect, connect service of Bloq will offer blockchain connectivity to developers. They can start to build their applications on the blockchain easily.
Furthermore, ETC Labs has decided to provide these services free for developers for the first 2 years. ETC Labs and Bloq plan to launch service in Q1-2020. BloqCloud further plans to provide access to serverless computing resources (BloqCloud Compute).
A growing crypto industry demands a bigger Cryptocurrency payment market. Alchemy, a cryptocurrency payment service provider, hopes to provide PoS solutions to Asian retailers. The payment service provider allows customers to pay over 30 digital assets. Alchemy currently supports Singapore, Japan, and Hong Kong. Although, it plans to expand to countries like Thailand, Australia, New Zealand, etc. in the future.
Alchemy has partnered with payment company Qfpay for global recognition. Qfpay has more than 1.2 million merchants globally. This will further help in the worldwide acceptance of Alchemy. With this Alchemy aims to be recognized as "Paypal of Cryptocurrency".
Theta Labs and decentralized streaming platform DLive joined hands to allow users to relay video content. As per the latest announcement, DLive users can relay peer-to-peer videos from their mobile and desktop onto Theta Network. However, in return, users will be rewarded with tokens.
DLive platform has seen a great rise in popularity in 2019. The reason behind this is termed as partnering with the most popular Youtube Gaming channel, PewDiePie. Also, Wilson Wei, CEO, exclaimed that collaborating with Theta Labs will further reduce content delivery costs by 50%. The platform plans to include “content syndication” and cross-platform in the future.
Russian central bank federation does not see the need to launch a Russia national cryptocurrency. Speaking at the forum the head of the national bank, Elvira Nabiullina stated that the institution has been studying the topic of cryptocurrency and the launch of a national cryptocurrency is not obvious for us.
She further questioned the cryptocurrency use for technological reasons and their advantage on Nation's Economy. Giving an example, she says “For instance, in comparison with existing electronic non-cash payments. There are many risks, and the advantages may not be obvious enough.”
The Kingdom of Bhutan has nominated a national digital currency. Prizm. the digital currency will have the same rights as the national Fiat Currency - ngultrum. Bhutan Government will issue 100 Prizm to each citizen. Furthermore, the government will invest $50 million in cryptocurrency.
In addition to it, a Prizm e-wallet will be issued to every Bhutan resident. The wallet will allow residents to trade cryptocurrency. They can also access wallets using their smartphones, phones, and computers. Furthermore, salaries can be paid in Prizm if citizen wishes.
The crypto world is evolving. Earlier fiat to crypto trading was available. Now, you can trade gold against Bitcoin. Crypto Liquidity provider B2C2, has launched a new derivative product. Clients can trade an ounce of gold priced in bitcoin and settle it in bitcoin.
Max Boonen, founder, and CEO of B2C2 claims that this product is first of its kind. Clients can trade gold via the OTC trading unit, B2C2 OTC Ltd. Additionally, the product supports other tokens along with Bitcoin such as PAX Gold. The liquidity provider company intends to launch more such products.
Facebook's Libra project is always under scrutiny. Recently, Paypal revoked its support from the Libra project. The latest update is that Libra is being forked into a stablecoin "OpenLibra". Lucas Geiger, co-founder of Wireline said OpenLibra will be a permissionless fork of Libra. As per Lucas, OpenLibra will address the Libra's potential flaws. The core team includes personalities from projects such as Wireline, Radicle. Additionally, The team has released the first version of this stablecoin on GitHub.
In all these, Brad Garlinghouse, the Ripple CEO claims that Libra will not launch before 2023.
Crypto Industry is never silent. Wednesday, 9th October 2019 was such a day. Crypto influencer, A Pomp tweeted " Bitcoin is the most transparent currency ever created". The crypto industry was quick to comment on and express their views on the said transparency. Some were there to accept the claim outright, while others were skeptical about this. One tweet claimed that when the creator is unknown, how can the coin be transparent. This comment met with certain replies explaining the technicalities of Bitcoin.
Anthony "Pomp" Pompliano is a Co-founder & Partner at Morgan Creek Digital. He also runs a column on crypto news for institutional investors.
CU convenience store BGF Retail, one of the largest retail chains in South Korea is allowing its customers to pay using Cryptocurrency. The retail chain will use a mobile payment app - CHAI. It builds the mobile app on the Terra blockchain platform. Furthermore, customers can pay offline with a stable coin the Korean won only. However, as of now, the app supports no other currency.
CHAI will add its app support to CU by 2019 end. Han Chang-Joon, CEO of Chai Corporation, said, “We are pleased to provide simple difference payment service to BGF Retail, which has 13,500 stores nationwide. It will maximize consumer benefits. ”
BeatzCoin (BTZC), a native coin of VibraVid is all set to be listed on the top-tier cryptocurrency exchange HitBTC. HitBTC is the world’s 19th largest digital asset exchange by volume. Furthermore, it is constantly upping its game by adding new tokens to the list. VibraVid native token will be available to trade on HitBTC after BeatzCoin IEO's 2nd round.
This collaboration of BeatzCoin and HitBTC will further enhance the liquidity of the coin by providing exposure. This token will become the first TRON based token on the top-tier exchange. Additionally, VibraVid is holding 2nd round of IEO on ProBit.com Exchange from October 9, 2109.
Binance, a Global Cryptocurrency Exchange, had exited the Chinese market following the local crypto trading ban back in 2017. Binance is attempting to enter the Chinese market once again. In a bid to this, Binance launched P2P Trading for BTC, ETH, and USDT against CNY (Chinese Yuan).
Binance CEO Changpeng Zhao, tweeted 9th Oct morning letting the crypto-world know about this update. As of now, only Android users are able to use the trading functionality (Accounts registered for more than 30 days). iOS and web interface users will be able to use this service in the near future.
In an interview with French financial newspaper Les Echos, chief executive officer of tech giant Apple. Cook claimed that “I really think that a currency should stay in the hands of countries. I’m not comfortable with the idea of a private group setting up a competing currency,”
Recently, The company Pay vice president Jennifer Bailey said that the company is planning to launch a cryptocurrency. But Tim seems to have put this plan to the rest. Tim said that “ We elect our representatives to assume their governmental responsibilities. Companies aren’t elected and should not be going in this direction.”
Basically, a Tron wallet is a peer-to-peer cryptocurrency wallet and exchange for TRON (TRX). Today, TRON wallet announced that the new TRON Wallet Mobile will soon be available in store.
This new release will have the return of the multi token send with %. Also, it will have a wonderful Token list layout. There is also an improvised DEx which includes Order books and Candle charts. The new update is coming up fixing some bugs and crashes. The audience are also in support of this new release. Stay tuned for more updates on the TRON Wallet mobile.
Wells Fargo is a U.S. based financial giant, who is coming up with a U.S. dollar linked stablecoin running on the “Distributed Ledger Technology (DLT)”. Quite interestingly, Warren Buffet is one of the investors of Wells Fargo. Warren had once described Bitcoin as a “rat poison”. While he described Blockchain Technology or in this case the DLT as “important”.
Meanwhile, AnthonyPompliano, who is the partner and co-founder at Morgan Creek Digital commented that, “Warren Buffett owns almost 10% of Wells Fargo. Wells Fargo is creating a dollar-backed digital currency. So now Warren Buffett basically loves Bitcoin, right?”.
Cubans subjected to US sanctions have a means of escape, as the country can now use Bitcoin. The first Cuban cryptocurrency exchange boosts a user base of 1,300 customers. Along with cryptocurrency trading, this bespoke platform allows remittance platforms.
The founder of Fusyona, Adrian C. Leon spoke to the US News about the enhancement of cryptocurrencies. He also said that fear remains as there are chances that the government may impose restrictions on cryptocurrency services. As, they may also restrict and prohibit things and say that this is an illicit enrichment.
Binance users can now login to Binance JEX. Basically, on first login they will receive rewards with a random airdrop between 10-1,000 JEX tokens. Eventually, this offer is valid from 2019/09/11 6:00 AM (UTC) to 2019/09/18 6:00 AM (UTC).
As per the official announcement from Binance Exchange. “The JEX airdrop tokens will be distributed to the participant’s Binance JEX account. This is one day after the first-time login. After careful review, users who didn't meet First Login To Users Binance JEX Account Will Receive JEX Airdrop -the “first-time” login requirement will not receive JEX airdrop tokens.”
Hong Kong’s Stock exchange plans to acquire the London Stock Exchange Group PLC at $37 billion. As per the Hong Kong Exchanges and Clearing Ltd. this combination will create a global leader in capital flows and financial data. This offer also aims at thwarting a collaboration between LSE and Refinitiv. LSE would consider the HKEX proposal and will remain committed to acquiring Refinitiv.
HKEX Chief Executive Charles Li said on Wednesday that “We believe we have put forward a proposal that is ambitious, far-reaching, and could have a transformative effect on global financial markets”.
Facebook’s cryptocurrency project Libra is seeking payment system license from Switzerland’s financial regulator. The Libra Association announced on Wednesday that the license under the Swiss Financial Market Supervisory Authority (FINMA) can “empower billions of people”.
Libra’s head of policy and communications, Dante Disparte says, “We are engaging in constructive dialogue with FINMA and are encouraged to see a feasible pathway for an open-source blockchain network to become a regulated, low-friction, high-security payment system. This is an important step in Libra’s evolution, and we look forward to continuing our engagement with all stakeholders over the coming months.”
Binance exchange announced to support the upcoming Ethereum Classic (ETC) Atlantis hard fork. Deposits and withdrawals of ETC will be suspended at an ETC block height of 8,772,000. The platform claims that the trading of ETC will not be affected.
Ethereum Classic is going to Atlantis at block 8,772,000 on around September 17th, 2019. The Atlantis Fork includes a set of upgrades from the state-trie clearing, contract size limits, but ETC has some new opcodes in Atlantis too. The platform shall make an announcement after the hard fork and once the platform deems the network to be stable, to notify users when deposits and withdrawals for ETC will reopen.
In an interview on Sept 10, the Grammy award winning-music artist, Akon argued that, “Nothing backs the dollar. The U.S. doesn’t have natural resources that back the dollar. What they do have is the military”. He spoke in favor of decentralization and trustless blockchain-based mechanisms that underpin the value of cryptocurrencies.
Akon revealed that he is bullish on cryptocurrency because it’s the people and not the vested interests of national governments that wield control over their value. Akon comments so because his cryptocurrency project for pan-African digital currency will replace fiat currencies, dubbed Akoin, gathers space.
The Tether platform announced the addition of offshore Chinese yuan (CNH) to its list of supported currencies. On the other hand, the platform will launch a new stablecoin, CNHT that will be backed by offshore Chinese yuan (CNH). CNH represents a further expansion of Tether’s capabilities in facilitating the digital use of traditional currencies, such as US dollar (USDT) and euro (EURT). CNH₮ is pegged to CNH, and will initially be available only on the Ethereum blockchain as an ERC-20 token.
Crypto.com announced a new method for users to deposit into its fiat wallet, supporting 21 fiat currencies. Users now have the option to deposit up to $1,000,000 USD per day through bank transfer, avoiding currency exchange and credit card fees on their crypto purchase.
List of supported currencies: AUD, BGN, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HRK, HUF, ILS, JPY, NOK, NZD, PLN, RON, SEC, SGD, USD, ZAR. However, Crypto.com will not charge any fees, but correspondent banks may charge network fees.
Bitmex Exchange COO, Angelina Kwan, has resigned from the company as per the announcements from The Block. According to a spokesperson, “We can confirm that Angelina Kwan is leaving the company and is on gardening leave now. That’s all we can say on the matter at the moment, but we wish Angelina all the best.”
She entered the company in October 2018. In her initial days during an interview, she said that she would be “responsible for overseeing and driving the company’s growth" and will guide Bitmex on its mission to offer advanced, innovative financial products for the global cryptocurrency industry.”
Binance Exchange will launch the third phase of Binance Lending Products on 2019/09/11 6:00 AM (UTC). A 14-day fixed-term lending products will be available. The subscription format is the First-come-first-served basis.
The company claim that the Subscription Period will begin From 2019/09/11 6:00 AM (UTC) to 2019/09/12 0:00 AM. The Interest Calculation Period will begin 2019/09/11 6:00 AM (UTC) to 2019/09/25 6:00 AM. Also, the Interest Payout Time will be immediately after loan term matures.
According to the reports, South Korean electronics manufacturer LG Corporation has already completed the market research of blockchain companies and decentralized apps.
The source claimed, LG is likely to respond to Samsung's innovation initiative. Also, the company has been struggling to apply blockchain to smartphones without any dissimilarity. Recently, the rival company Samsung launched yet another blockchain-friendly smartphone, named “Klaytn Phone,” as a Galaxy Note 10 variant. The phone is available only in South Korea. It is named after Kakao’s blockchain subsidiary GroundX’s blockchain platform Klaytn and starts from over $1,000.
One of the leading messaging app Telegram finally released the code for its TON blockchain. The code was released on the test network portal on 6th September. Now community members and developers interested in the messaging app provider’s blockchain can start kicking the tires of a full node, a validator node, and the blockchain explorer. Source code for a full node that can access testnet, create and validate blocks has been released. Lite client was released several months ago. Also, TON Labs will release a Public Beta of its developer tools suite on Monday.
The Japan based messaging app Line will be able to offer its crypto exchange services in Japan. Here, it has 80 million monthly active users. According to the company, the new platform is BitBox. On the 6th, the FSA granted a license for virtual currency exchange to LVC. This is a virtual currency business at a LINE subsidiary. However, it is not clear what kind of service LVC will offer in Japan. According to the FSA data, the are five currencies available. Namely: BTC (Bitcoin), ETH (Etherium), BCH (Bitcoin Cash), LTC (Lightcoin), and XRP (Ripple).
Binance, the world’s largest cryptocurrency exchange by volume, has now listed Chiliz (CHZ) trading. The trading will start from 2019/09/06 4:00 AM (UTC). New trading pairs are added - CHZ/BNB, CHZ/BTC and CHZ/USDT. CHZ tokens can be deposited in the Binance wallet.
Users can trade BEP2 version of CHZ token directly through their Binance account. ERC20 CHZ tokens have to be deposited in ETH address. General 0.1% trading fee will be applicable on trading. Chiliz gives sports and esports fans the ability to crowd-manage their favourite teams, games, leagues and events.
Thai crypto exchange Bitcoin Co. decided to close down after running for five years. All trading on the exchange will stop from Sep 30, and all deposits will be halted after Sep 6. Bitcoin Co. Ltd, also known as Bx.in.th, will not seek a renewal of its Digital Asset Exchange license. Reason behind this sudden decision is unclear, but it seems the team will not change its mind.
“Bitcoin Co. Ltd. has decided to discontinue digital exchange and wallet services in order to focus on other business opportunities,” it said in a statement.
European Central Bank board member Yves Mersch has warned against Facebook's charming but treacherous promises on Monday, 2nd Sept. He said, "Libra currency may sabotage the ECB's ability to manage the economy and threaten the euro itself"
Further, he added, "Libra may lower the ECB's control over the euro, depending on Libra's level of acceptance and crediting the euro in its reserve basket. It will also impair the monetary policy transmission mechanism and affect the liquidity position of euro area banks". He hopes that Europeans will not be tempted with Facebook's siren call ignoring present safe and secure payment solutions.
Binance announced acquisition of cryptoasset derivatives trading platform JEX on Monday, 2nd Sept 2019. JEX now becomes Binance JEX with the acquisition. Binance will now handle JEX team as well as token. JEX token now will focus on delivering cryptocurrency derivatives to Binance users. Including, futures contracts, options, and other derivatives
Interestingly, Binance also introduced “Battle for Binance Futures” competition. Two testnet Futures platforms came into existence. The users testing both platforms, received a total of 10,000 BNB for a full month. Eventually, Binance gets closer to becoming a One-Stop-Shop for Cryptocurrency traders.
Monero is a private and untraceable currency system. It is well known for its privacy and anonymity features. Blockchain travel platform, Travala has now added Monero (XMR) as a payment option. Travala announced this trough a tweet on 30 August 2019. Users can now book tickets using Monero coins.
Travala is a Next-gen Online Travel Agency (NOTA). The travel booking platform already supports around 14 cryptocurrencies. Travala uses AVA, along with BTC, BCH, LTC, DASH, ETH, XRP, TRX, DAI, BNB, DGB, NANO, NEO and XMR as payment options.
Ethereum’s performance in the DApp space has decreased as users had issues with the platform. To boost the DApp, ETC Labs plans to integrate LLVM into the Ethereum system. This project will be called EVM-LLVM. It will offer users more programming languages with future-proof and long-term support of the LLVM library. Also, LLVM supports a variety of front-ends, including Objective C, Fortran, Java bytecode, Python, Ruby, and others. This will allow more developers to build DApps on Ethereum Classic.
However, the exact launch date is not revealed. Instead, the report says that the EVM-LLVM Alpha version will be ready for testing soon.
Ethereum DeFi project, Set Protocol, has announced the 50-day moving average strategy on August 30, 2019. It is termed as ETH50SMACO (ETH 50 Day Moving Average Crossover Set ). ETH50SMACO automatically rebalances when the price of ETH crosses the 50 Day Simple Moving Average (50 SMA). If price of Ethereum crosses but stays below 50 SMA, ETH50SMACO rebalances itself into Cash. If the price stays above 50 SMA, ETH50SMACO rebalances back to ETH. These scenario helps to show the downtrend or uptrend in a trend reversal. Set Protocol had previously launched TokenSet with the 20-day moving average.
Continental Parking collects data of free parking spaces and car parks to create a user-friendly parking experience for drivers. It will now use “Connected Parking” to demonstrate how the drivers will benefit from data collected by their vehicles in road traffic.
Continental and Hewlett Packard Enterprise (HPE) in partnership have developed “Earn as you ride” app. It is a blockchain-based data trading platform. Vehicle manufacturers can reward their customers with virtual currencies. Also, this app will collect data from Vehicle sensors and will pay the drivers when information is shared. Later, drivers can redeem the virtual coins collected for rewards.
A new scam related to Bitcoin ATM has come into our notice. Winnipeg authorities identified a fraudulent scheme that tricks gullible victims into sending Bitcoin to a different address.
Scammers post an Out of Order message on ATM. The message says that ATM software is under development. It further warns the user not to deposit Bitcoin through ATM. There is a QR code attached to the message. Users are urged to deposit Bitcoins to the account attached to it. The posters were found on two of the city’s twenty Bitcoin ATMs, but nobody has yet fallen victim to the scam.
Velas AG announced the launch of two new cryptocurrency wallets, enabled by the Velas blockchain. It is the world’s first blockchain to implement artificial intuition.
Velas Web Wallet enables the creation of wallets using mnemonics. Wallet restore using the mnemonics if credentials lose. Velas Desktop Wallet runs on Windows, macOS, and Linux. Users can store their wallet directly on their computers. Alongside wallets, Velas is also launching a node staking feature. The node staking feature helps to develop the Velas network and motivate more users to hold VLX tokens through the potential of earning rewards by staking.
INFT tokens are now available on the Bitmax platform for trading. Trading will start from 10:00 PM Singapore time (UTC+8) on August 30th. Bitmax has added two trading pairs - INFT/USDT and INFT/BTC. Both trading pairs are eligible for reverse mining. To promote INFT token usage, Bitmax.io will host 3 promotional events - Lucky Draw Trading Event, INFT Net-Buy Contest, and INFT BitTreasure.
INFT token serves as the main currency of payment on top of enabling staking, voting, rewards, etc. Users, DApps, and developers will have INFT tokens as incentives for their contribution to the Infinito ecosystem.
With months of research, the NIX and Flare Wallet teams have successfully accomplished the first automated privacy swap ever made. NIX and KMD tokens trade using NIX Network's Ghost protocol. Proof-of-concept privacy swaps also become reality with this protocol.
Decentralized Exchanges, allowing cross border access through open-sourced software, does not give users complete privacy. Malicious parties can track and monitor transactions. Basically, NIX’s automated Privacy Swap technology introduces an intermediary swap. This implements through the NIX network and allows users to break cross-chain address history linkage. Hence, allows users to freely trade and swap coins without tracking.
The Hyperledger blockchain has officially accepted Pantheon as its first public blockchain project. After the collaboration, Pantheon has been renamed to Hyperledger Besu (a base or foundation). The project can be run on the Ethereum public network or on test networks such as Rinkeby, Ropsten.
The development team behind Pantheon can access more resources and develop the solution for a more focused client-base. In addition, the team will be collaborating on the development of other Hyperledger projects like Hyperledger Fabric, Hyperledger Sawtooth, etc. As a part Hyperledger, the Pantheon code will be shifted from the Github repository to Hyperledger.
MixMarvel platform's Mix token is now available on Bitberry Wallet as reported in a Medium post. RootOnesoft developed the cryptocurrency wallet, Bitberry. Basically, it provides an integrated wallet/banking service to efficiently manage digital assets.
MIXMARVEL is a multiplayer online game community backed by blockchain technology. Players send or receive Mix tokens. It is now possible to trade Mix tokens between Bitberry Wallet users with no transfer fees. To promote Mix token usage, Bitberry is also listing MIX with Airdrop Event on Friday, August 30, from 5 pm to September 6, midnight. Eventually, the airdrop will benefit first 2000 users.
KuCoin announced on March 30 that it will launch the Pool-X PoS staking platform. Pool-X is a brand-new mining pool to trade staking tokens. The pool mechanism also offers liquidity trading market, node integration and operational solutions.
POL (Proof Of Liquidity) serves the role of credits for the mining Pool. Users receive “POL” token as rewards by locking up the PoS currency. The more and earlier users participate in the staking of mining nodes, the more POL users will get. With Pool-X staking, Users can get the benefits of traditional staking and Proof Of Liquidity allocations and can trade freely in the liquidity trading market.
Coinpedia had earlier reported about Samsung smartphones supporting Bitcoin Wallet. It seems, this South Korean tech giant has already added Bitcoin support to the Samsung Galaxy S10 smartphone.
As per the report, Ethereum and BTC services are added to S10 devices. You can also see a screenshot of the wallet in their official report. Users have also shared screenshots of their wallets. There are 32 types of cryptocurrencies supported by the Galaxy S10, including BTC, ETH, BAT, MKR, and NPXS. It means millions of Samsung smartphone users will eventually be able to use Bitcoin with apps via the Blockchain Wallet.
Berlin-based Bitwala enables customers in European countries to buy, sell, and store bitcoin via the Bitwala banking app. With Bitwala, bitcoins are booked directly via a multisignature wallet. The app claims that the account opening will take only 60 minutes. In addition to this, there is a Mastercard Debit card. Cash withdrawals from 40 million ATM's worldwide are also possible. The app also has a built-in Peer-to-Peer function to send amount quickly to family and friends globally via QR Code. The app has enabled video verification of the users. Bitwala app is available for both Android and iOS platforms.
Migros, Switzerland's largest retailer implements the TE-FOOD blockchain’s traceability system for its fresh fruits & vegetable supply chains. TE-FOOD's blockchain is a secure and scalable solution to store all data in a decentralized network.
Migros initially used GSI-based API(EPICS) to collect and store traceability data. This integration will transfer GSI EPCIS’ traceability data to Migros EPCIS. Other food chains used traceability for marketing purposes. However, this collaboration looks to add value to the overall supply chain through easier product tracking. With this move, Migros joins the likes of other retail giants, like Walmart, to transform supply chain processes using Blockchain Technology.
Tron (TRX) will be launched on the IDAX crypto exchange. Users of the company will be able to trade TRX tokens. It may help to make the token more mainstream and increase its long-term adoption. TRX can be traded on the IDAX platform against Bittorent Token (BTT) and WINk (WIN) as a base currency on August 30. Two trading pairs are BTT/TRX and WIN/TRX.
WINk will organize a WIN airdrop to induce investors. It will distribute almost 49,950,000 WIN tokens. To receive the WIN tokens, you should hold at least 100 TRX in the wallet.
Hedera hashgraph, the super-fast blockchain network, will open Mainnet Open Access from September 16th, 2019. Under this project, any developer can start building dApps on Hedera's platform. Developers can also run mirror nodes that provide access to all consensus decisions.
Hedera claims Open Access beta will allow up to 10,000 transactions each second. Bitcoin and Ethereum currently can only process 3-15 transactions each second. The launch will also offer 10 smart contracts and file transfers a second, and Hedera says it’ll increase speeds throughout the rest of the year.
Binance launched an initiative platform to help developers leverage Binance infrastructure for their ideas and projects. There are 3 themes of this program - Learn, Collaborate and Grow. Learn provides official third party resources for information. Collaborate provides tools and channels to develop the infrastructure. Grow refers to different Binance programs already designed.
Binance has announced BinanceX Fellowship Program to promote BinanceX. This program will support developers and researchers in creating free and open-source software. The program has attracted over 40 developers and projects, per the announcement. This BinanceX is similar to ETC Labs STUDIO program launched earlier.
Bitcoin developers have created a multi-signature (multisig) user interface for both hardware wallets and full nodes to enhance Bitcoin Wallet security. Wallets protected by multisig technology need more than one private key to access the wallet. Thus it is less likely to breach the security as no single party possesses all the information to access the wallet. Each separate signer device should confirm every transaction before broadcasting.
The project aims to support a new blockchain-based financial and identity ecosystem by lowering insecurity related to blockchain. The project is still in its Alpha stage.
Coinpedia had reported about Bakkt's Futures Launch. Intercontinental Exchange‘s (ICE’s) Bakkt platform has tweeted about Bakkt's Warehouse starting this Sept 6. Bakkt's Warehouse will offer secure storage of customer bitcoin to prepare Bakkt Bitcoin Daily & Monthly Futures launch on Sept 23. Moreover, the platform will enable the physical delivery of Bitcoin with end-to-end regulated markets and custody. Clients will be able to deposit their funds in the Bakkt Warehouse from Sept. 6.
Bakke CEO Kelly Loeffler explained about Warehouse. "The Bakkt Warehouse, which is part of Bakkt Trust Company, uses cyber and physical security protections."
Syrk released a cheat plan for Fortnite players. This was malware in disguise. Fortnite players were at a risk of their cryptocurrencies held as ransom. Additionally, if the players refused to pay the ransom, Syrk would delete system files after the set time completes.
Emsisoft, a leading antivirus company has developed a decryptor for this malware. The company announced the free tool through a blog post. The company claims that developers have created an efficient tool to easily retrieve all the files. Emsisoft also provides a step by step guide to identify the ransomware and clean the infected system.
PNC Treasury Management, the United States’ eighth-largest bank, is now offering RippleNet-based cross-border payment solutions to its commercial clients. RippleNet blockchain provides a frictionless experience to send money globally within a secured infrastructure.
However, PNC claims that this will help traders to receive payments from overseas buyers instantly. Also, it will transform the way they manage their global account receivables, allowing them to better manage their working capital. PNC had first revealed its plans to use RippleNet back in September 2018. After several brainstorming, the project has now shaped itself.
On 29 August 2019 Rapyd a global Fintech services platform announced the partnership with TNG FinTech Group.
Following the collaboration, Rapyd can now add TNG Wallet to its list of 500 payment methods and more than 10 GEA, an electronic payment platform. Rapyd's global customers can accept payments from the global e-wallet users even if they don't have a credit card or prepaid card. The partnership will also help Rapyd to enter the global market through the GEA platform which includes China, India, SriLanka, European Union, and many other countries.
Nestlé to enforce full transparency has announced to pilot new blockchain technology in collaboration with OpenSC. OpenSC is an innovative blockchain platform that allows consumers to track their food right back to the farm.
Initially, the program will trace milk from farms and producers in New Zealand to Nestlé factories and warehouses in the Middle East. Later, Nestlé will test the technology using palm oil sources in the Americas. Moreover, these pilots will allow Nestlé to analyze how scalable the system is. OpenSC has developed a platform to give anyone, anywhere access to independently verifiable supply chain data.
BC Card, the largest payments processor in South Korea, is now using KT's blockchain technology to settle rewards points. BC Card processes the ordering and exchanging of points paid out by affinity partners, VIP points and vouchers.
BC Card earlier handled the rewards manually but in the first half of 2019, it began to develop a blockchain application to do the work. The company reports a decrease in processing times as much as 50%, along with a decline in error count. The company plans to use the blockchain technology to additional tasks in the future.
BitTorrent Live(BLive) is launched on a TRON blockchain for testing purposes. BLive will enable users to create live video content, people can connect and earn BTT claims a blog post on August 27, 2019. BitTorrent Live has a gifting feature where people can tip with BTT and other cryptos, and broadcasters can earn cryptocurrency.
BLive Alpha version is also released for testing. The team will include Livestream, payment system and invite a group of users to test it. Beta version is planned to launch till 2019 end. Eventually, if all goes well, Team plans to launch the full version by March 2020.
Binance had introduced a new Tiered Trading Fee Discount Program on 21 July 2019. It has adjusted the tiered trading fee discount program at 8:00 (UTC) on Aug 28. This will provide a better service for the user's claims Binance.
As per the announcement, the required BTC trading volume threshold for VIP1 is set to ≥50 BTC (from ≥100 BTC previously). VIP0 will enjoy Maker/Taker charges as low as 0.06% instead of 0.10%. For more details, refer Binance official announcement. Also, Binance may change the discount rates based on market conditions.
Tether, Inc. has moved coins to the Ethereum network. The Ethereum network clogged. The USDT smart contract is presently taking up 31.55% of all Ethereum gas. EthGasStation team concluded reason as More Gold Token, an airdrop that took over the network in the past two months was a potential scam.
MGC is an unknown and unlisted digital asset, the airdrop was a form of drawing in wallet owners. The users had to share the wallet's private keys to activate the wallet. It was a direct invitation to steal the assets. MGC has also targeted the Asian market as of now.
Cryptix AG is a Blockchain service provider. It has completed the acquisition of Blocktrade, a Liechtenstein digital asset platform on Tuesday, 27 August 2019. After the acquisition, the team of Cryptix AG will remain with Blocktrade for future development. The acquisition won't affect customers says the announcement.
Luka Gubo, CEO of Blocktrade says "The additional funding will allow us to not only drive the development of our platform but also complete the licensing process". Cryptix and its partner can full use the trading services offered by Blocktrade. This is without having to apply for a separate license.
US-China Trade war is affecting Global Stock Market adversely. Last Friday, stocks had tumbled as China said to levy a 5 to 10% tariff on US goods. The recent update is that Asian Stock prices had a mixed outcome on Wednesday, August 28.
Hong Kong's Hang Seng Index (HSI) swayed back and forth between small gains and losses. China's Shanghai Composite Index (SHCOMP) fell by 0.3%. South Korea's Kospi (KOSPI) and Japan's Nikkei (N225) moved up 0.8% and 0.2%, respectively. Analysts say uncertainties are bound to remain on global markets as long as the US-Trade war continues.
Farmarket, A pharmaceutical franchise in Venezuela has partnered with Xpay. This partnership promotes the use of DASH coins as a means of payment in the country. Venezuelans can also use DASH to purchase pharmaceuticals, personal care products, and more through the XpayCash payment terminal.
The payment process is at a few selected stores in the Caracas area for trial purposes. However, full rollout to all 22 locations nationwide is the aim by the year’s end. General Manager of Farmarket, Cinthya Sagues is optimistic that the latest development would contribute positively to the DASH economy in Venezuela.
The United States Air Force (USAF) signed a deal with blockchain startup Constellation Network to secure defense data on Tuesday. Basically, the contract is part of the USAF SBIR (Small Business Innovation Research) Phase I program. The technology will also help securely unlock traditionally siloed and non-accessible data and data sources.
USAF Multidomain data is disbursed, disconnected and complicated. The data is not fully accessible, it needs manpower to handle data forensics, planning, and collection. Constellation networks is a scalable and secure approach to Big Data processing. Eventually, constellation provides decentralized security to Air Force data pipelines.
CoinMall, the virtual product marketplace, announced in a tweet that it will be delisting zCash and Bitcoin Cash from the platform. The company says the main reasons for delisting are Confusion among traders and low usage. The CEO of CoinMall said that only 1% of Bcash was traded. Whereas 0% of zCash trades happened since platform launch. The traders get confused during the payment process.
CoinMall announced some other updates too. It has added a 2% fee for all cryptocurrency payments. But they have excluded Stripe and Paypal payments from this fee. The private messaging system is made more efficient.
On August 28th, an innovative trading platform, Bithumb Global announced to support Binance chain. As per the blog post, Bithumb Global will support projects running on the Binance Chain. Basically, to meet user demand for quality projects.
Basically, Binance Chain is a community-driven blockchain software system with developers and contributors from around the world. Binance Chain is a high performance blockchain with one-second block confirmation finality.
Additionally, on the request of Pledgecamp (PLG), Bithumb Exchange will officially delist the PLG/BTC trading pair at 12:00 (UTC+8) on August 28, 2019. These orders will be automatically withdrawn.
Facebook's Libra blockchain is under constant regulations. Government claims project may pose a potential threat to the global financial system. The Libra Association has launched a Bug Bounty Program along with HackerOne on August 27, 2019, for public testing.
Michael Engle, Head of Developer at the Libra Association said that the program wants developers worldwide to identify bugs and flaws in the Libra blockchain. He also said that Libra will launch only after sorting out regulatory concerns and approvals. Libra association is offering up to $10,000 for security experts who find flaws in code in projects.
According to market analysis, Algorand price changed by -5.33%. To encourage traders, OKEx, a Malta-based cryptocurrency exchange, announced on Tuesday its support towards Algorand(ALGO) monthly staking reward program. OKEx Exchange will reward ALGO holders on a monthly basis.
Snapshot of users’ ALGO holding in spot and savings accounts will be taken every day at 18:00 (CEST, UTC+2). Based on these snapshot, rewards confirm. Users that hold less than 1 ALGO will not be included. The reward will distributes on a monthly basis at around 15th of every month.
Chinese AI firm Megvii Technology Ltd has filed for Initial Public Offering(IPO) in Hong Kong. The company plans to raise between $500 million and $1 billion during this IPO. The IPO will make Megvii China's first publicly-listed A.I. firm, beating competitors like SenseTime and CloudWalk. The date of IPO is not yet released.
Other companies have postponed their IPOs in Hong Kong due to the recent anti-government protests. Megvii plans to hold the IPO as it doesnot do business in HongKong. Megvii is backed by e-commerce giant Alibaba and state-owned enterprises such as Bank of China Group Investment.
In a bid to bring crypto to the masses, Button Wallet has launched a free crypto service for Telegram Open Network (TON). 300 million users can trade cryptocurrencies through Telegram application. The Wallet has today unveiled the first free testing application on the TON. In a bid to encourage traders, this Wallet will giveaway 6.6 testnet gram TON tokens. This helps users to activate its wallet. The company claims that it is completely prone to issues like attack on the exchange-stored funds.
Similar to Button Wallet, earlier this year, Zulu Republic launched services to receive and send crypto over WhatsApp.
Earlier this week, US lawmaker Maxine Waters had visited Swiss officials of Libra association. She had raised a few concerns regarding the complexity and magnitude of Facebook’s plans. Also, regarding how they will manage Money Laundering, in case of future occurrence.
Swiss National Bank has taken matters under their wings. Also, it is in constant touch with Libra authorities said Fritz Zurbruegg VC on Tuesday. “At the moment, it’s difficult to perform a full analysis (of the project) because the available documents are vague and details are still missing,” Zurbruegg said. They will submit a report based on analysis soon.
Coinpedia had earlier reported regarding WINk listing on WazirX. There is an update regarding this. WIN/USDT trading is now live on WazirX. You can buy, sell and trade WIN tokens on WazirX Exchange in the USDT market. WIN is hosting WIN airdrop on 28th August 2019 where TRX holders will receive WIN token airdrops every month. The airdrop plans for 3 consecutive months. The amount of WIN airdropped each month would be around 10,989,000,000 WIN. The only criteria is TRX balances under 100 TRX will not be eligible for the airdrop.
One of the leading cryptocurrency exchange, Bitfinex announced the launch of three new stablecoin pairs on the Bitfinex platform! The stable coin pairs include USDc/USDt, PAX/USDt, and TUSD/USDt.
However, as per the blog post, Trading for USD Coin to Tether (USDc/USDt), Paxos Standard to Tether (PAX/USDt) and TrueUSD to Tether (TUSD/USDt) began 08/27/19 at 8:00 AM (UTC). Trading on these three pairs is available only in certain jurisdictions and is exclusive to verified users.
Facebook aims to use blockchain-like technology to build a new payment network from scratch with its own currency, Libra. However, global lawmakers have raised concerns regarding the privacy and security of this project.
Facebook has now hired a Washington Based lobbying firm, FS Vector which will influence US lawmakers and overcome the negative responses sparked after the Libra announcement. FS Vector specializes in regulatory compliance, public policy, and business strategy for the fintech, cryptocurrency, blockchain and financial services sectors. Earlier, Facebook had hired Susan Zook of Mason Street Consulting. There are now at least seven lobbyists for Libra.
Norway’s $1-trillion fund is the world’s biggest sovereign wealth fund. The fund intends to expand the investment market from oil and gas. The Bank’s Deputy Governor, Egil Matsen, will present a report on Tuesday to the city's Finance Minister stating where this wealth fund would be invested. The news claims that wealth may be shifted to the USA.
This fund is over weighted in Norway, and they speculate that the US may receive it. This will increase the USA's stock market value. A similar process started in 2012, has benefited Norway's fund value. Shifting the funds to Asia is also being considered.
LATOKEN is a rapidly growing crypto exchange focusing on the exchange of new tokens. Already 320+ crypto pairs available for trading. On 26th August 2019, LATOKEN announced to list CryptoForecast and CoinShare
CoinShare is a social shopping platform. It allows buyers to receive a CashBack in Cryptocurrency for each purchase made. CryptoForecast aims to be a data provider providing real-time trading data, information about Crypto and Exchange. This would, in turn, help users with the knowledge and easy accessibility to the Crypto market.
Funding crunch is one of the major reasons for Startups to shut shop in the initial stages. FInD (Fintech Investments and Deals), a Maharashtra Government initiative invites applications from different fintech startups. This will help Fintech Startups to gain access to investors for fundraising and create corporate relationships with them.
PwC and MEDICI will review Fintech Startups' business plans, look for the right investor and recommend the business plans to them. Once Investors find the proposal interesting, they will reach out to the startup through the platform. Applications close on 31st August 2019.
Commonwealth Bank of Australia (CBA) has developed a blockchain prototype to support sustainable development. Users can trade government biodiversity credits.At present, it is in collaboration with BioDiversity Solutions Australia (BDS), a privately-owned regional business based in Port Macquarie, New South Wales (NSW).
Tradeable digital tokens (BioTokens) can be built through this prototype. Also, you can further trade these tokens within an efficient and transparent digital marketplace powered by blockchain. However, the primary objective is to protect flora and fauna from developmental impacts. Rod Barnaby, MD, BDS, is seeking potential partners to take the project forward and commercialize the platform.
Blockchain.com, a blockchain explorer provider wallet integrated Bitpay into their existing service.
This agreement would help users to pay for products and services directly without ever giving up control of their private keys. Moreover, users can just scan the invoice and complete the payment using Blockchain.com's wallet.
BitPay is one of the crypto payment processors of the world. It has processed over $1billion transactions last year.
Crypto Oracle is using "Oracle" in its domain name and other promotions without proper consent. Oracle has the right for keyword “Oracle”. So it has filed a lawsuit in a federal court against CryptoOracle for trademark infringement and cybersquatting.
Oracle had earlier sent cease and desist letters to CryptoOracle to stop using Oracle in its name, but the request remains unheard. Oracle claims that the blockchain-focused VC startup will get the goodwill that Oracle has built from its own famous brand. Other than the name, Oracle has no issues with its namesake company.
Terra is a price- stable coin. It aims to become a widely used stable coin as a payment method in a blockchain payment solution. Recently, Terra has received an undisclosed sum of funding from Hash key Capital.
HashKey Capital is an affiliate of the HashKey Group, a Hong Kong-based fintech company.
However, the two firms intend to bring blockchain-based payment solutions to eCommerce throughout Asia. Terra has also partnered with e-commerce firms such as South Korea’s Ticket Monster (TMON), Singapore’s Carousell, and Vietnam’s Tiki.
Mark Carney, the Governor of the Bank of England delivered a speech in U.S. Federal Reserve’s annual symposium in Jackson Hole, Wyoming claimed that USD is replaceable with a digital currency similar to Facebook’s Libra.
Carney says “it’s far too expensive to send money cross-border, and there are huge financial inclusion issues related to that and costs related to that". A cryptocurrency may resolve these issues as per him. Carney also believes that Libra has to be virtually perfect. It is at least from a financial security standpoint before releasing in the market.
Telx Technologies, a telecommunication company, has introduced the world’s first SIM card to send cryptocurrency via text message. Instead of using a wallet addresses, the agenda is to use a phone number to identify the people involved in a transaction.
Telx will provide its service to more than 180 countries. The SIM card will support trades in Bitcoin, Litecoin, Dash, Zcash, and Bitcoin Cash. Telx may use a third party wallet Bitgo and add a negligible transaction fee (0.10%). The only concern is Telx is new to the industry and its security is debatable.
Binance, a cryptocurrency exchange, encountered a KYC Leak in August 2019 which had affected around 60000 accounts. Security and investigation team has announced on 23rd August 2019 that hacked accounts will be provided VIP status i.e. preferential trading fees, support, and more services.
The company has asked affected users to apply for new identification (KYC) documents in their respective regions. Binance exchange claims that the data is being leaked from a third party database. The exact source of the data leak is still being investigated. We will keep you posted about the investigation.
SERO, the world's first privacy coin Protocol supporting smart contract, got delisted from KuCoin on request. The reason for this delisting is still unknown. KuCoin has immediately suspended deposits for SERO. Withdrawal service will remain open.
Related follow-ups will be announced separately as soon as possible. CEO will announce the reason in Telegram(https://t.me/SeroOfficial) as per the last update. SERO was live on KuCoin on July 15, 2019. This news has shocked the SERO clients.
Coincheck, Japanese cryptocurrency exchange, revealed on Thursday, its intention to launch an initial exchange offering (IEO) platform. This is basically to raise funds through utility tokens. Coincheck suffered a $530 million hack in January 2018. Also, the Japanese online brokerage Monex Group acquired it for $33.5 million in April of that year.
IEO is gaining attention and ensures more reliability as a method of securing funds. Already 12 cryptocurrency exchanges, including OKEx, Huobi, and Bittrex, have announced their IEO platforms this year, and 39 projects have already participated in an IEO.
Access to dApps extends to all browsers instead of the native dApp browser as announced on Aug 22. Coinbase Exchange has introduced a Wallet link service, which serves as a bridge between the app and the customer's desktop browser.
The exchange has already tested the Wallet link with Chrome, Mozilla Firefox, and Opera. Coinbase Wallet users to access and administer their funds using this feature. It also avoids installing browser extensions and copying private keys across different browsers. Here, the user scans a QR code which acts as a link between the Wallet and browser. This enhances security.
AWS Tokyo services faced a temporary outage due to the overheating of part of chassis in the machine room on Friday. The recovery of AWS services in Tokyo is already in progress but not fully resolved yet. This had caused a price instability at some cryptocurrency exchanges in many of the Asian countries.
Correspondingly, Binance, a cryptocurrency exchange, has suspended the withdrawals and deposits on their platform. It is because it was causing 500 error messages and affecting some withdrawal process. Binance CEO Changpeng “CZ” Zhao states that the trading function is not affected. KuCoin also has stopped its services temporarily.
Bitpay donated $100,000 to the Amazon rainforest charity but it got rejected as it didn’t pass BitPay’s internal checks. Amazon Watch, an organization supporting the Amazon rainforest’s ecology and indigenous peoples, had tweeted regarding this in an attempt to reach out to this person and resolve this issue.
Investigating this rejection, it was noticed that Amazon Watch’s maximum payment limit was set at below $100,000. Bitpay asked the staff to increase the limit but it was not possible on an immediate basis. Some tweet replies advise Amazon Watch to search for an Open source alternative instead.
Bitmain Technologies, one of the Cryptocurrency mining giant announced that it has placed a new order to buy 600,000 mining machines. As per the reports, part of the machines includes the latest 7nm model, with a hashrate of 50TH/s. Based on the hashrate, Bitmain's total hash power is expected to jump by about 50% after six months.
The new mining machines are expected to bring $1.2 billion profits to the platform, also market valuation of about $12 billion. The mining giant is also planning for initial public offering (IPO), aiming to raise $300-$500 million.
Binance, a global cryptocurrency exchange, has decided to add MVL Token(MVL) on the exchange platform as per an announcement. The MVL/BNB trading will be opened at 2019/08/23 9:00 AM (UTC) on Binance desktop as well as mobile platforms. If you have ERC-20 version of MVL, you can swap to BEP-2 via this link.
MVL is an incentive-based blockchain mobility ecosystem. Kay Woo, CEO/Founder of MVL submitted the proposal to add MVL onto the Binance exchange platform on 4th July 2019.
Recently it was reported that there was a technical problem affecting withdrawals. But the Cryptocurrency Exchange Binance has confirmed user funds are not at risk. Changpeng Zhao, CEO of Binance exchange, claimed that the situation was being resolved on Aug. 23, while funds security was not compromised.
CZ explained that the issues was centered on centered on Amazon Web Services (AWS). Problems with caching were producing error messages for a portion of Binance traders, with withdrawals also impacted. Further he added : “It's causing some 500 error messages on APIs and affecting some withdrawal processing.”
ETC Labs on Thursday announced the addition of North Block Capital, a London-based investment group for digital token capital markets that deliver advisory, capital markets, and asset management services as a part of ETC Labs Incubator program, Studio.
North Block Capital has made more than thirty investments since 2016. It has hosted investor events in London, San Francisco, Singapore, and Hong Kong. North Block Capital and ETC labs plan to create a universal token sale for its partners and clients. Studio program will provide the technical as well as marketing expertise to manage and promote token sales.
Binance has decided to add MTL/USDT (Metal to Tether) exchange on the exchange platform as per an announcement. The trading will be opened at 2019/08/23 10:00 AM (UTC) on Binance desktop as well as mobile platforms. 1 Metal (MTL)= 0.396558 Tether (USDT)
Binance is a global cryptocurrency exchange providing a platform for trading more than 100 cryptocurrencies and will be constantly adding new trading pairs. Since early 2018, Binance is considered as the biggest cryptocurrency exchange in the world in terms of the trading volume.
Unlike Bitcoin currency hacking, Bitcoin ATM robbery used to be uncommon. A certain incidence has come to our notice. Two masked thieves stole a Bitcoin ATM from a mall in Washington on Aug 3. The surveillance camera has caught them while carrying out the ATM machine in a van.
Violent raids targeting Bitcoin businesses and traders are becoming more common. In July, a gang of masked men has raided a Bitcoin exchange in the English city of Birmingham. More than 5,000 Bitcoin ATMs around the world have reportedly been stolen as per June 2019 statistics.
Paradigm, a messaging service, integrated with Deribit, a Bitcoin and Ethereum futures and token exchange platform on Thursday, August 22, 2019. Initially, the Telegram app is useful to negotiate crypto trading. Block trade functionality is an essential step to attract institutional traders to the world of crypto.
As per the announcement, trading is possible on the Paradigm system as well as directly through Deribit's API. Companies such as Singapore-based QCP Capital and cryptocurrency merchant bank Galaxy Digital have already started using the platform. QCP Capital conducted the first test trade.
MouseBelt‘s Blockchain Accelerator, a VC-backed blockchain firm, was live on Wednesday at UC Davis, UC Los Angeles , and UC Santa Barabara, the 3 California universities, focusing on the educational importance in US Schools. The program splits into two divisions. The first funding is for the research department while the other is for the Engineering department.
Backed by over $40 million in funding, MouseBelt aids 65 student blockchain community groups at 14 universities worldwide. Basically, the program aims to fill a knowledge gap in the university level system. As most of the institutions do not focus on Blockchain knowledge.
One of the leading cryptocurrency exchange, Binance has enabled OCO order types (One Cancels the Other) to the web trading interface. PC and App clients will have the OCO order type enabled at a later date.
Basically, OCO is a pair of orders combining a stop-limit order and a limit maker order on the same side. This is basically with the same quantity. When either of the orders execute (the stop price triggers for stop limit order), the other one is automatically cancels. And when canceling either of the orders, the entire OCO pair cancels.
Harmony(ONE), a new public blockchain is in addition to KuCOIN. The supported trading pairs are ONE/BTC and ONE/USDT. Basically, ONE token is equivalent to 0.00000113 BTC (0.011499 USD). Deposits have started as we write. Trading and Withdrawal will take place at 18:00 and 20:00 on August 22, 2019 (UTC+8) respectively. To celebrate Harmony ONE’s listing on KuCoin, there will also be a Giveaway contest. In this contest $100 worth of ONE tokens are given to 10 community members.
Harmony aims to build a high-performance consensus platform that will enable scalable decentralized economies for everyone.
Blocko, a Korean based Samsung SDS backed infrastructure provider, raised $7.5 million (KRW9 billion) in a Series B+ funding round. Shinhan Bank, KEB, Hana Bank, Investment Dadam including major domestic financial institutions participated and invested in the startup.
Blocko came into existence in December 2014 and has received series A, Series A + and Series B investments. This is from Samsung Venture Investment, Daesung Entrepreneur Investment, and POSCO Technology Investment. Samsung SDS has also invested in Blocko to boost future business competitiveness through startup investments.
Binance, a Cryptocurrency Exchange, has now added Stellar Lumens(XLM) Bitcoin Cash ABC (BCHABC) to its trade margin. New Margin Pairs are BCHABC/BTC, BCHABC/USDT, XLM/BTC, XLM/USDT. To avoid transaction delays, Binance has updated its list which has excited the Crypto market.
Trading will be open from 22/8/2019 on the Binance desktop as well as mobile platforms. Binance Exchange claims it to be much-awaited margin trading as it will make even more money due to this feature. Hopefully, traders will receive profits as well.
Zaif, a Japanese cryptocurrency exchange, switched operator from Tech Bureau to FISCO virtual currency exchange from Aug 22, 2019. Zaif was hacked for about $60 million last year in September, so the management changed.
The firm will refund BTC and BCH holders in their original cryptocurrency, but, due to liquidity issues, MONA holders will receive about 60 percent in the crypto and the remainder in Japanese yen. The report says that users can transfer their accounts to FISCO between September 2 and November 30. Tech Bureau will be signing the transfer agreement to FISCO on October 10, 2019.
Colodax, an Indian broker to peer digital asset exchange, has now included Ripple’s XRP in its trading list against RBI restrictions. Users will be able to trade XRP/INR, deposit/withdraw INR and wait for it to match with other brokers. The platform also offers 10 trading pairs. Basically, this includes Bitcoin, Ethereum, Ripple, Stellar, Litecoin, Bitcoin Cash, Pundi X, 0x and the Tron cryptocurrency.
COLODAX is a service provided by Ganyt Solutions LLC. At present, there is no API. But the Crypdates app useful to view and compare prices across multiple exchanges.
Gemini, a US based cryptocurrency exchange, founded in 2014 by Winklevoss Twins of Facebook fame, has opened its services to Australia on Wednesday. Gemini Exchange already supports trading in Canada, South Korea, Hong Kong, Singapore, and the UK. Australian Crypto users can now trade in bitcoin, bitcoin cash, ether, zcash, and litecoin through Gemini's desktop and mobile platform.
Gemini CEO Tyler Winklevoss said that they aim to build a trustworthy cryptocurrency experience for Crypto users globally. The exchange has also brought David Damato, a cybersecurity expert, as a Chief Security Officer.
Zhao Dong further said that his digital asset management platform RenrenBit will open the transaction and recharge the cash in the first time. Basically, Tether is the company that launched the stable USDT, is part of iFinex, which is also the parent company of Bitfinex.
Dong claimed that his management platform RenrenBit will be the first one to invest in the upcoming stablecoin.
Apple officially launched its Apple Card payments service to US customers. Also, introduced its Daily Cash rewards program and other benefits.
As per the announcement, iPhone users can easily apply for the Apple Card through the phone’s wallet app. Hence, start using it right away in stores, apps, and websites accepting Apple Pay.
The Apple Card provides three basic features of transparency, simplicity, and privacy. Besides, the Apple Card has no fees, but if customers fail to pay the full balance by the due date, they can attract the interest of 12.99% to 23.99% based on their creditworthiness.
One of the leading Cryptocurrency exchange Binance announced to adjust the daily interest rate for borrowing USDT to 0.0275% from previous rate 0.0225%, starting from 2019/08/22 0:00 AM (UTC).
The platform also mentioned that after the above time, all existing borrowed USDT balances will have the daily interest rate automatically updated.
Previously, on August 20th, Binance announced to support an additional 200 Million ALGO Staking Rewards Program. Starting from September 1st, 2019, Binance will participate in this 200 Million ALGO program and distribute any proportional rewards received from this program.
Blockstream, one of the Blockchain development company announced the release of version 0.7.2 of its scalability software c-lightning. Christian Decker, a blockchain researcher at Blockstream, announced on August 20 the release of new version via twitter.
According to the tweet, the updated version of c-lightning supports dynamic plugin management as well as “the upcoming signet.” This version is "Nakamoto's Pre-approval by US Congress,” and is available via GitHub.
Basically, C-lightning is one of the implementations of Lightning Network. This is an additional layer on the Bitcoin blockchain. It allows users to build temporary channels to complete transactions.
New York Supreme Court Judge Joel M. Cohen had passed a judgement on 19th Aug that Bitfinex and Tether must provide all documents to the New York Attorney General (NYAG) about an alleged $850 million cover up case within 90 days. Bitfinex has finally taken a stance and appealed against the judgement.
As per the appeal, Attorneys for the companies filed a motion to dismiss the NYAG’s case entirely and claimed that NYAG did not have any jurisdictional authority over the companies thus successfully getting a Stay Order for the investigation until further judgement.
The People’s Bank of China (PBoC) set to launch it’s government-backed digital currency, CDBC. It is after 5 years of research says a China Daily report on 20th Aug. Experts also claim that Libra launch has triggered the launch.
Pilot testing has already started and many state-owned companies are tying up with banks to test cross-border scenarios using the CBDC. With smooth proceedings, the PBoC expects to launch the currency sooner than Libra. CBDC’s organizational structure is similar to that of Libra’s. Also, Binance is launching a blockchain project Venus, which is a competitor to Libra.
Crypto vs RBI case resumed hearing today, 20/8/2019 in Supreme Court, Court No. 5. Ashim Sood, counsel for the Internet and Mobile Association of India (IAMAI), questioned RBI’ ban on Cryptocurrency stating FATF guidelines suppress the illicit side of Crypto assets and earlier docs of RBI shows no study took place.
Mr. Nakul Dewan, Ld. Senior Advocate is briefing the court about RBI concerns regarding Virtual Currency. Ashim Sood effectively counters each concerns of RBI. The court adjourns for Lunch as we write. Read More.
Tron, in a recent Tweet, revealed new features of its open source, P2P crypto wallet, TronWallet. The Getty.io’s team of 20+ people based in Canada, Brazil and Chile are working towards making a better Wallet.
The recent feature additions are that blockchain contacts can be saved on the wallet, while the token filter is back on demand. Some other performance and bugs were fixed in the latest update. Additionally, the app versions iOS v2.1.20 and Android v2.1.19 are available for download.
Rizex is a competitive gaming platform on TRON blockchain. It is allowing gamers to host or join tournaments with RIZEX (RZX) & TRX tokens. With the exponential growth of global Esports industry, there is no common platform for Gamers and Developers to monetize their games. Rizex wants to revolutionize the industry.
To develop the project, Rizex is carrying out an Initial Coin Offering (ICO) on 20/8/2019. Hard cap is 15,000,000 TRX while soft cap will be 2 million TRX. Participants must have a Tronscan supported wallet like TronLink or Ledger. The token sale is on Tronscan.
The Binance iOS App (V1.7.1) is back on Apple Store, being inaccessible for Apple users for about a month. Binance CEO Changpeng ‘CZ’ Zhao announced the news on Twitter on 19th Aug. He states that “listing the exchange’s app on Apple Store” was a difficult process.
Binance App was delisted from App store from May 2019 and was going through an App Store review since August 6. Zhao joked that listing on the Apple Store was actually harder than having a token being listed on Binance. It’s also available on Google Play and Binance’s official website for download.
Bitmex, a Seychelles-based exchange issued a statement on Monday stating that the access will be revoked from Seychelles, Hong Kong, and Bermuda, where it’s headquarters are located. BitMEX’s service is also unavailable to the citizens of eleven regions. These include the US, the province of Québec in Canada, Cud Sevastopol, Iran, Syria, North Korea, and Sudan.
Bitmex states that this move is to achieve and ensure “Continued Compliance”, renowned economist Nouriel Roubini claims otherwise. As per a debate with BitMEX CEO Arthur Hayes, Roubini has raised a few concerns regarding the credibility of their trading services.
Rakuten Wallet has now introduced spot trading services for virtual assets. Using these services, the customers can conduct spot trading on their crypto assets directly from their “dedicated smartphone app”.
As per the official post, this exchange will also include few security methods to ensure that the user’s crypto assets are safe.
Only Bitcoin, Ethereum, and Bitcoin Cash were listed for spot trading. Also, there was no fee for registering and managing an independent account.
PundiX: Binance DEX listed Pundi X NEM (NPXSXEM) and trading is open for an NPXSXEM/BNB trading pair at 2019/08/20 2:00 AM (UTC).To further trade on Binance DEX in the near future, you will be required to swap NPXSXEM from Mosaic tokens to BEP2 tokens.
Paycent: Binance DEX has listed Paycent (PYN) and trading is open for PYN/BNB trading pair. Before trading the PYN coins, you need to swap from PYN ERC-20 tokens to PYN BEP2 tokens. This can be done in Paycent App.
MultiVAC: MultiVAC also will be listed on Binance DEX trading is open for MTV/BNB trading pair at 2019/08/20.
As per DNA article on 19th August, the Maharashtra government has approved Sandbox plan of implementing Blockchain Technology in agriculture marketing, supply chain, registration of vehicles and document management system.
A regulatory sandbox, will be a common framework for adopting blockchain technology, will be prepared in the next five to six months.'' explains Srinivas.
The adoption of Blockchain technology shall simplify and speed up authentication of important documents like proof of birth, and other rights of ownership once they are recorded. Govt has already designated 10Cr, out of this 4Cr is approved by the Project Committee for implementation.
Coinone, a Korean based company announced to close CGEX services on September 18th, 2019, 02:00 (UTC).
After termination, users won’t be able to login to their wallets, make deposits, withdraw the money. Also, their data will be permanently deleted after Sep 18. The company has urged users to withdraw all the money before this date to avoid personal losses.
The new CGEX is touted to be introduced somewhere in 2019 end. Coinone has taken several steps to improve security, this termination being one of those decisions.