Cryptocurrency Daily News Bulletin: January 21, 2019

January 21, 2019 1:11 pm Published by

General News

Bitfury Group, the early bitcoin mining firm turned global blockchain company based out of London, has announced it will launch an entertainment division tasked with developing an open-source music platform that runs on blockchain technology. The open-source platform, labeled SurroundTM, will purportedly simplify the safe transferal of copyright assets and help artists manage their content more efficiently.

Crytpo Garage, an arm of Tokyo-listed internet group Digital Garage, is focusing on blockchain and crypto tech, announcing it has launched a new platform dubbed SettleNet that would allow app development on Blockstream’s inter-exchange settlement network Liquid, including the issuance of stablecoins. Crypto Garage said the JPY-pegged stablecoin will trade against Blockstream’s bitcoin-pegged token, Liquid Bitcoin (L-BTC). 

Go-Jek, a major Indonesian ride-sharing platform has announced a partnership with Coins.ph, a local crypto wallet and payments platform. The Filipino firm is currently in the process of rolling out beta access to users in the waiting list for Coins Pro, its in-development cryptocurrency exchange. Go-Jek has acquired the majority stake in the business of Coins.ph with the transaction costing $72 million — its largest to date. Since its launch in 2011, Go-Jek has been processing more than 6 million transactions on a monthly basis.

The Organization for Economic Cooperation and Development (OECD) released a new report discussing how thinks ICOs may become a useful financing tool for SMEs – but the space is not yet mature or regulated enough for the “mainstream” and some projects have “a higher potential of benefiting” than others.

The UN also just released a year-end report on the global economy, where they called cryptocurrency a “new frontier” in digital finance with the potential to create new and revolutionary business models that cut red tape and dramatically increase efficiency.

Overstock.com’s long-awaited tZERO security token trading platform will go live by the end of next week, CEO Patrick Byrne announced. The platform will allow trading of its native tZERO token at launch, but is also talking to about 60 different companies. Elio Motors, a company producing light three-wheeled cars, will probably issue the next token traded on the platform 

SETL, the blockchain payment and settlement’s startup, have announced the appointment of Christian Noyer, former governor of the Banque De France and a prominent French economist, as a member of the board of directors. The company has received backing from a number of major financial institutions, including Citi, Deloitte, Credit Agricole, Computershare and S2iEM.

UAE and Saudi Arabia have launched their pilot cryptocurrency. The Council announced the new cryptocurrency will be used for cross border payments between central and local banks to enable seamless transactions.

Cryptocurrencies 

Ethereum $117.54 USD (-2.86 percent) core developers have proposed activating Constantinople – a planned system-wide upgrade that was called off last week due to security issues – in late February. The hard fork is now estimated to go live some time between Feb. 26 and Feb. 28, with a block number to be determined at a future date.

Tron’s $0.025055 USD (4.82 percent) file sharing platform BitTorrent announced it’s first airdrop of the BitTorrent token (BTT) to Tron (TRX) holders will happen on February 11th. Meanwhile, Tron Foundation claims Brian Wong, CEO of Kiip, is planning a collaboration with Tron. Appearing at Tron’s Nitron Summit in San Francisco, Wong spoke about the blockchain revolution in advertising. Kiip is a mobile ad network that rewards consumers with tangible goods for a variety of apps, including gaming and fitness. Kiip has several high-profile clients including McDonald’s, Coca-Cola, General Mills, BMW, Johnson & Johnson, the New York Times, Kraft and Mastercard. Tron is one of the few coins in the green today due to the news of another high-profile partnership. 

Ripple $0.321638 USD (-0.69 percent) now has a total of 27 companies are now utilizing XRP, either as a way to accept payment or to power international remittances. Out of those 27, a total of 13 companies are adoptingRipple’s payment software xRapid, which utilises XRP. The latest addition is Euro Exim Bank, which plans to use the technology to power payments across 80 countries.

 WN.com, Jamie Saarloos



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