Cryptocurrency Daily News Bulletin: February 5, 2019

February 5, 2019 12:48 pm Published by

General News

Deloitte has completed a joint pilot for digitizing the supply chain on multiple blockchain networks – a collaboration was with Hong-Kong companies Kerry Logistics and CargoSmart.

Facebook has acquired blockchain startup Chainspace,  hiring 5 new staffers from their team. According to Cheddar, the purchase was an “acqui-hire,” suggesting Facebook was more interested in Chainspace’s research team than its technology.

Gibraltar Blockchain Exchange (GBX), a regulated, institutional-grade crypto trading platform, has listed XRP, EOS, Tron and Stellar.

Kraken has officially acquired UK-based FCA regulated futures trading startup Crypto Facilities in an undisclosed deal valued at least $100 million. The acquisition will enable Kraken customers to trade spot and future crypto markets, all through a unified trading interface – becoming the first regulated offering in Europe.

Medici Land Governance, a subsidiary of Overstock’s venture arm Medici Ventures, has signed an MoU with a local government in Mexico to create a digital land records system.

Saudi Arabia and the UAE’s joint digital currency project has signed on six more commercial banks – as they seek to use crypto to finance transactions between the nations.

Switzerland-based crypto bank Seba Crypto AG has signed an agreement with Swiss mortgage bank Hypothekarbank Lenzburg AG to use its core banking system.

Venezuela’s Ministry of Popular Power for Communication and Information (MIPPCI) published a new regulatory framework that means businesses working with crypto assets will now have to register with Sunacrip, the country’s superintendency of crypto-related activities. This comes at a time where bitcoin volumes are soaring, and economic crisis intensifies.

Cryptocurrencies

Bitcoin’s $3,469.14 USD (0.51 percent) price may have taken a hit from Mt.Gox sales. Leaked bank documents suggest 34.3 billion yen ($312.5 million) may have been sold on the open market through Japan’s BitPoint exchange, according to Goxdox – a site dedicated to supporting the creditors of Mt. Gox.

BitTorrent Token $0.001221 USD (69.15 percent) is closing in on six times the price of its ICO just one week after launching – up 807%.

Ethereum $107.89 USD (0.42 percent) blockchain infrastructure developer Parity Technologies experienced a security compromise that required nodes to perform an urgent update. The firm received notification of a loophole which would allow an attacker to shut down nodes running its client, and thus asked all Ethereum nodes to update.

Litecoin $34.24 USD (1.09 percent) founder Charlie Lee announces exploration of MimbleWimble to implement confidential transactions. This protocol allows the user to encrypt all data associated with any transaction of cryptocurrency using blinding factors, thereby adding an extra layer of security to all transactions.

Ripple $0.298770 USD (-0.94 percent) has made Forbes’ annual list of the 50 most innovative fintech companies of 2019. Crypto exchanges Coinbase, Circle and Gemini also feature, along with Bitfury and enterprise blockchain company Axoni – which plans to use smart contracts to power some of the largest derivatives markets globally.

– WN.com, Jamie Saarloos



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