Cryptocurrency Daily News Bulletin: January 23, 2019January 23, 2019 1:27 pm
ATOM Group, a Hong Kong-based fintech firm, has announced they will be using the London Stock Exchange’s (LSE) Millennium Exchange matching engine to power AAX, their new crypto exchange. AAX is scheduled to be launched in the first half of this year and will be the first crypto exchange to use the matching engine product.
Bakkt has launched a hiring campaign with eight new job posting published, including a director of finance, director of security engineering and director for blockchain engineering. This has fuelled speculation they will soon get approval from the CFTC to grant an exemption to allow custody of bitcoin on behalf of its clients.
Bithumb is looking to go public through a reverse merger with Blockchain Industries, a crypto investment firm traded on the U.S OTC markets, after signing a binding letter of intent agreement. The combined entity would be known as Blockchain Exchange Alliance (BXA), becoming the first U.S.-listed crypto exchange. They seek to complete the deal by March 1.
Cryptopia may have had as much as $16 million worth of ETH and ERC20 tokens stolen in the recent hack, according to new analysis from blockchain infrastructure firm Elementus.
Huobi has plans to launch its own stablecoin in the first half of this year.
ING Bank has inked a five-year licensing deal with blockchain consortium startup R3 for use of its Corda Enterprise platform. The deal will provide ING with an “unlimited” number of licenses for the Corda platform, allowing the bank to deploy its CorDapps across its international business operations. CorDapps cover various financial services activities, including trade finance, identity, insurance and capital markets.
Pennsylvania’s Department of Banking and Securities (DoBS) announced that crypto exchanges and service providers do not require a money transmission license to operate.
Bitcoin $3,612.21 USD (1.20 percent) has gained a suite tools released by Bitfury aimed at driving adoption of lightning network. The product bundle is designed to make using the lightning network “easier for vendors and consumers to use”, including an open-source lightning wallet and hardware and software tools for merchants and payment processors to accept payments. It also released developer tools and a public lightning network node called “The Peach” to let bitcoin users open or create payment channels.
Nebulas $0.563067 USD (1.49 percent) is the latest blockchain project to announce layoffs, going from a team of 80 people to just 30; a 60 percent reduction. The cuts come just seven months after the team raised $60 million in its token sale.
Ripple $0.319640 USD (0.97 percent) client Catalyst Corporate Federal Credit Union has laid out its plans for Ripple’s XRP-powered xRapid. CEO Kathy Garner says the firm, which serves more than 1,400 member and client credit unions throughout the US, plans to utilize the cross-border payment solution to boost payments to Mexico.
ReddCoin $0.001463 USD (18.89 percent) has seen large gains today following speculation about their Binance listing application getting approved. They have also made full launch of ReddID, a tool that makes social tipping simple and easy, available using Chrome browser extension.
– WN.com, Jamie Saarloos