Cryptocurrency Daily News Bulletin: December 13, 2018

December 13, 2018 12:56 pm Published by

General News

Allianz Global Investors CEO Andreas Utermann said cryptocurrencies should be banned by regulators during a panel discussion with Andrew Bailey, chief executive of U.K.’s FCA.

Amun Crypto’s Bitcoin ETP, the first global multi-crypto ETP, is hitting record trading volumes. The larger volumes are coinciding with price decreasing, showing that investors have key levels in mind to purchase the product.

Hyperledger is continuing its rapid expansion by adding 16 new members. Some notable additions include Alibaba Cloud, Citigroup, We.Trade and Deutsche Telekom.

Kraken is on a fundraising drive, offering “select” investors a chance to purchase stakes in the firm at a $4 billion valuation with a $100,000 minimum investment.

Germany’s second-largest stock exchange, Boerse Stuttgart Group, is set to launch a cryptocurrency trading platform in the first half of 2019 following a partnership with local fintech company SolarisBank. SolarisBank also announced yesterday their partnership with Bitwala to provide crypto banking services within Europe.

U.S. SEC has settled charges with former executives of AriseBank, which was hit with a token sale fraud lawsuit earlier this year. Former AriseBank CEO Jared Rice Sr. and former COO Stanley Ford will pay a combined $2.7 million in disgorgement and penalties, as well as agreeing to lifetime bans from serving as officers or directors of public companies.

Venezuela has reportedly begun converting pensioners’ monthly payments into its controversial cryptocurrency, the petro. The value of the petro relative to the bolivar has been unstable, rising from 9,000 to more than 15,000 over the course of a few weeks.

Cryptocurrencies

Bitcoin SV $85.96 USD (-5.57 percent) has gained support from Circle’s Invest app after resuming trading for Bitcoin Cash earlier this week.

Cardano $0.030300 USD (-1.26 percent) has just been launched its first cryptocurrency card in South Korea. Emurgo, Cardano’s commercial development branch, has partnered with Metaps to form Metaps Plus, the platform that powers the new card. The card will be accepted by over 33,000 retail Korean merchants.

Ethereum $89.39 USD (-1.91 percent) is being supported by Opera after they announced the public release of its “Web 3-ready” Android web browser, which notably sports a built-in cryptocurrency wallet. Opera for Android supports ETH and other ERC-20 standard tokens.

IOTA $0.226332 USD (-2.51 percent) Foundation is launching two new development teams called Alpha and Omega. Alpha will work on improving IOTA’s existing ecosystem, while Omega will focus on making sure IOTA’s long-term goals are accomplished.

Ripple $0.303092 USD (-1.71 percent) is the first cryptocurrency being considered by US brokerage giant TD Ameritrade to be made available for its 11 million retail investors.

Stellar $0.111253 USD (-3.42 percent) is about to be listed on Canada-based crypto exchange CoinField. It will be paired with XRP and available using several fiat currencies.

Tron’s $0.013351 USD (-1.11 percent) new decentralized exchange is now up and running. TRXMarket lets users trade TRC20 tokens through the TronLink browser extension. 

WN.com, Jamie Saarloos

 



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