Cryptocurrency Daily News Bulletin: February 4, 2019

February 4, 2019 1:01 pm Published by

General News

Bitfury Group and South Korean R&D firm Commons Foundation are jointly launching a network of bitcoin mining operations in Paraguay. Backed by the government of Paraguay, the project aims to be the world’s largest crypto mining centre – given the country’s ample supply of cheap and clean electricity.

Binance CEO Changpeng Zhao claims that Amazon “will have to issue a currency”.

Go-Ahead Group, a major United Kingdom public transport provider, is partnering with blockchain startup DOVU to introduce a tokenized rewards system for rail customers. ERC-20 token DOV will be used on Go-Ahead’s Thameslink and Southern Rail services.

QuadrigaCX, the Canadian crypto exchange that recently filed for bankruptcy, owes its customers $190 million and cannot access most of the funds.

VCTRADE, a new cryptocurrency exchange run by Japanese banking giant SBI Holdings, says it has now enabled Bitcoin, XRP and Ethereum withdrawals.

U.S. SEC is seeking from businesses a tool to provide a Big Data view across major blockchains in order to “monitor risk and improve compliance” related to cryptocurrencies.

Wyoming lawmakers have passed the “Digital Assets” bill – recognising cryptocurrencies as personal property, digital consumer assets, digital securities and virtual currencies.

Cryptocurrencies

Ethereum $107.42 USD (-0.91 percent) developers have postponed the decision to submit code that would stifle the advantage of high-powered ASIC miners competing for network rewards. The ProgPow upgrade decision is delayed in favour of conducting continued audits. These will look to verify implementing the algorithm will reduce ASIC efficiency and make them less competitive against GPUs – a cheaper and more consumer-friendly mining technology. This follows the delay of the much-anticipated Constantinople upgrade.

Cardano $0.038122 USD (-0.83 percent) has confirmed it is unaffected by an exploit recently discovered in more than 26 proof-of-stake cryptocurrencies. A group of students at the University of Illinois Decentralized Systems Lab say the bug could allow hackers to crash different networks with a small amount of staked coins. Meanwhile, Emurgo, the development arm of Cardano, announced staking will be introduced to their Yoroi wallet.

IOTA $0.249233 USD (-1.58 percent) has released a new update on its Trinity mobile wallet, which has about 20,000 beta users. “The addition of node quorum vastly improves the wallet’s security when interfacing with the Tangle, by requiring a consensus between multiple nodes before a response is considered valid. The mobile UI has also undergone a complete UI overhaul with updated modals, fancy animations, and refinements throughout.”

Ripple $0.301927 USD (-1.45 percent) is looking for a country manager to launch a new office in Shanghai as they seek to continue their expansion across Asia. Meanwhile, Euro Exim Bank, the first bank to officially adopt Ripple’s XRP-powered xRapid, revealed they are now “working closely with technical resources at Ripple, and have successfully implemented the xRapid system for customers requiring low value remittances in currencies and jurisdictions typically subject to large exchange costs, costly liquidity and delivery time and acceptance issues”. Lastly, CoinGate has added XRP to its payment options for merchants, which can be used as means of payment at more than 4,500 shops online.

– WN.com, Jamie Saarloos



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