There are various back to back news relating cryptocurrencies and blockchain. The news starts right from the banking license to new launches to crypto trading platform to protocol integration. Let’s start with hot news one after the other:
Wanchain Fuses Dai Stablecoin
The technology finally showing some fruition is cross-chain token transfers. Wanchain is focusing to offer a majority of blockchain between Bitcoin and Ethereum. Recently, the platform adds another integration of Dai token from MakerDAO.
This is a stablecoin that algorithmically stores the value of the token at $1. It shares the same goal such as PAX, USDT, USDC, TUSD, etc. However, it works in a slightly distinct way.
Boerse Stuttgart Group To Launch Crypto Trading Platform
Boerse Stuttgart Group is the second-largest stock exchange at Germany. This company is preparing to launch a cryptocurrency trading platform by the first quarter of 2019. Moreover, they recently partners with solarisBank, a local Fintech company for developing an engineering infrastructure.
The firm is also looking for a regulatory approval for providing the multilateral trading facility (MTF) within its crypto trading marketplace. Currently, Bitcoin and Ethereum trading will be available on the platform. Once the underdevelopment platform goes live, they will add the support for other tokens and initial coin offering (ICO).
Robinhood Announces Checking And Savings Accounts
Crypto trading app Robinhood announces its savings and checking accounts only for the US customers. The startup ensures that they will pay 3 percent interest for an individual deposit made in checking and savings accounts as well. The announcement was made via official blog saying the new “Checking & Savings” earns you 3% interest, along with,
- Highest rate at present offers in the market,
- Features no fees,
- Access around 75,000 free ATMs,
- 24/7 customer support,
- A personalize debit card
- All In One Place
Binance Exploring Its Crypto Incubator Within 5 New Cities
Binance crypto exchange is ready to cast a wider net for locating the next unicorn startup. By next March 2019, Binance Labs decides to launch its new incubator programs within 5 cities namely,
- Buenos Aires,
- Hong Kong
The exchange announces this global expansion, providing 10-week onsite programs relating to early-stage blockchain projects. By next year, every Binance Labs incubation programs will round up along with a 3-week trip to Singapore. Moreover, Singapore holds its parent company with a collective demo day.
“Some of our enterprise solutions will have Binance adopt them as clients,” Zhang said, adding projects that boost mainstream adoption could attract new users to Binance. “Also, we’ll push the hardware [SafePal] product to our community and users.”
Revolut Wins European Banking License
The European Central Bank (ECB) grants Revolut a European banking license. This is a Fintech unicorn company at London offering a digital alternative to traditional banking services. Moreover, this license allows them to offer Europeans a plethora of digital banking services.
The platform offers clients a quick and easy access to cryptocurrencies, starting between 8,000 and 10,000 accounts per day. This move will let the firm to explore their services entering key markets such as Germany, France, the U.K., Poland, in 2019.