Cryptocurrency Daily News Bulletin: January 25, 2019January 25, 2019 3:09 pm
Coinbase has teamed up with tax-filing software company Intuit Consumer Tax Group to launch TurboTax. Coinbase and Coinbase Pro clients can now upload their transactions, gains and losses directly to TurboTax Premier, simplifying the process.
Galaxy Digital is raising $250 million to build a credit fund. The fund will offer loans in U.S. dollars to struggling crypto firms, with demand for credit on the rise. Loans will be backed by collateral such as crypto tokens, crypto mining devices and property.
IBM is collaborating with major players in the healthcare space on a blockchain ecosystem to improve the way sensitive data is shared and to make health claims and transactions more efficient. Big Blue consortia includes Aetna, Anthem, Health Care Service Corporation and PNC Bank; with these providers accounting for 100 million in healthcare plans.
Robinhood Crypto and bitcoin ATM provider LibertyX have become the latest companies to be granted New York’s BitLicense.
Bermuda Premier David Burt announced during the World Economic Forum in Davos next week a bank will be set up that will start accepting crypto and blockchain companies.
Jamaica Stock Exchange (JSE) will soon list security tokens as tradeable assets. Their partner Blockstation announced the successful completion of a 60-day live pilot.
Augur $13.89 USD (-1.13 percent) is gaining further support from venture-backed startup Veil, which has acquired Predictions.Global, the leading site for exploring data on Augur prediction markets and dubbed “the CoinMarketCap for the Augur ecosystem.”
Bitcoin $3,576.24 USD (-0.44 percent): Images are circling showing the unreleased Samsung Galaxy S10 smartphone, equipped with a crypto wallet supporting BTC and ETH.
Binance $6.59 USD (1.44 percent) CEO Changpeng Zhao claims several “large” Ethereum-based ERC20 tokens are planning to leave the Ethereum network to join Binance Chain. These are tokens that do not require additional smart contract features looking to benefit from faster transaction times and cheaper fees.
Ethereum’s $116.93 USD (-0.05 percent) development studio ConsenSys is working with Harvard University, jeans giant Levi Strauss and U.S. think-tank New America after receiving a $800,000 grant from the U.S. department of state for a pilot project that will develop a blockchain-based system to track the working conditions of factory workers.
Ripple $0.315605 USD (-0.45 percent) is under fire from a new report released by crypto data startup Messari. They claim Ripple has not disclosed all its sales and distributions of XRP to third parties, with 19.2 billion of the 41.0 billion XRP currently listed as “in circulation” on CMC may be illiquid or subject to significant selling restrictions. They give a conservative estimate of 6 billion in XRP being overstated by Ripple. Ripple has since come back stating their assumptions are inaccurate, including their definition of market cap. Ripple also released its Q4 report yesterday showing the firm sold $88.88 million programmatically – an increase compared to its Q3 figure of $65.27 million – and $40.15 million in “institutional direct sales”, a decrease from Q3’s $98.06 million.
ZCash $52.62 USD (-1.21 percent) has been added to eToro’s trading platform.
– WN.com, Jamie Saarloos