Cryptocurrency Daily News Bulletin: January 30, 2019

January 30, 2019 12:30 pm Published by

General News

AMD announced its “highest profitability in [seven] years” yesterday, but expects its revenue to drop next quarter due at least in part to falling demand from cryptocurrency miners.

Fidelity Investments’ new crypto custody service may officially launch in March, with bitcoin storage followed by ether custody, according to Bloomberg. The storage component of Fidelity Digital Asset Services LLC (FDAS) is already live, with some assets under management. FDAS is also looking at security tokens, as they wait for the space to develop.

Fujitsu has developed a blockchain-based system for electricity exchange between enterprise consumers that aims to facilitate a more stable energy supply at peak periods. After their trial period, they achieved a 40 percent improvement in efficiency and costs.

Moon has been selected by Alibaba Group as a top 36 global startup. The payment provider’s browser extension allows users to make payments to online retailers with crypto.

SWIFT announced at the Paris Fintech Forum they intend to integrate technology from R3. R3 launched the Corda Settler last December, an application aimed to facilitate global cryptocurrency payments within enterprise blockchains using Ripple’s XRP.  Meanwhile, R3 has also formed a joint venture with SBI Holdings to boost the adoption of their Corda platform in Japan and beyond. The new venture, SBI R3 Japan, launches with $4.57 million capital – SBI Holdings has a 60 percent stake and R3 has 40 percent.  

TokenSoft is rolling out the first cold-storage custody service designed specifically for security tokens. The Knox wallet allows enterprises to maintain a multi-signature, self-custody system for cryptocurrencies, as well as digital securities. The Knox wallet can hold any ERC-20, ERC-1404, DS-20 (Securitize), ST-20 (Polymath) or Harbor’s R tokens, along with bitcoin and ether, though the focus remains on digital securities.

Saudi Arabia’s Monetary Authority (SAMA) and the UAE’s Central Bank jointly announced their digital currency project which aims to facilitate blockchain-based financial settlements between the two countries. The Aber coin will provide excess liquidity for remittances. This comes as sanction-hit Iran is negotiating the use of its state-backed cryptocurrency with eight foreign countries: Switzerland, South Africa, France, England, Russia, Austria, Germany, and Bosnia – a lure to attract foreign investment.

Cryptocurrencies

IOTA $0.255959 USD (-0.16 percent) has released a walkthrough on how IOTA’s Tangle can transform international trade. The demo shows how IOTA can be utilized to track containers in the supply chain as they move across borders.

Litecoin $31.27 USD (1.03 percent) founder Charlie Lee announced they will be implementing the option for users to send private transactions this year.

NEO $6.97 USD (0.58 percent) announced their blockchain is back up and running and funds are safe, after reporting an unintentional fork.

Sirin Labs $0.028944 USD (2.14 percent) announced it will begin selling its blockchain-based Finney smartphones in Japan this year, as part of its goal to sell 100,000 units globally. Sirin Labs has already moved about 16,000 units in pre-sales.

Stellar $0.084030 USD (0.05 percent) has gained support from crypto exchange BitBay.

– WN.com, Jamie Saarloos



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