Cryptocurrency Daily News Bulletin: February 7, 2019

February 7, 2019 12:49 pm Published by

General News

Abra is adding a new feature to its blockchain-based app that will utilize the bitcoin blockchain and smart contracts technologies to support fractional investments in stocks and ETFs. The feature will be made available to investors in more than 155 countries, offering zero trading fees for the remainder of 2019. For the initial roll-out, 50 new investment assets offerings include stocks like Facebook, Apple, Amazon, Google, Netflix; commodities like SPDR Gold Trust; ETFs like Vanguard Growth and the S&P 500; and indexes.

Celsius, the Ethereum-based, P2P crypto lending platform has generated more than $630 million in crypto loans with more than $50 million deposits paying interest up to 7.1%. The company claims crypto investors continue to accumulate holdings despite the huge downturn.

Coinsquare is the latest crypto firm to announce large-scale layoffs with 40 employees made redundant, which equates to approximately a third of their staff.

Cryptopia is seeing “excellent progress” being made in recovering their stolen funds, according to the latest statement provided by New Zealand police department.

SIX, Switzerland’s top stock exchange, aims to roll out a blockchain platform to speed up trading later this year. SIX Digital Exchange (SDX) will initially operate alongside the existing SIX platform and will offer trading traditional asset classes such as stocks and bonds. ETFs and even tokenized physical assets such as art may be offered. SDX also aims to raise funds through their own security token offering.

United States-based Investment management firm AdvisorShares and investments advisory company Sabretooth Advisors will jointly launch an ETF that tracks tech companies – including those involved with blockchain and cloud computing.

Cryptocurrencies

Ethereum $105.21 USD (1.72 percent): Android users can now buy Ethereum directly from Opera’s browser-based wallet. Opera has partnered with regulated crypto brokerage Safello to provide the cash-to-crypto exchange. The feature allows payments with credit and debit cards, along with “trusted” payment networks including Swish in Sweden. At launch, ether purchasing is available only in Sweden, Norway and Denmark. Meanwhile, the Ethereum Foundation is weighing a $15 million venture centred around a technology called Verifiable Delay Functions (VDFs). VDFs generate secure computer-generated randomised numbers – which will be used under the “proof-of-stake” (PoS) system called Serenity Ethereum plans to migrate to in the next few years. If implemented in Serenity, the feature could be leveraged by all Ethereum dapps.

Ripple $0.292535 USD (0.32 percent) partner and payment platform TransferGo is the latest client to consider using XRP-powered xRapid after success using xCurrent. Meanwhile, Binance CEO Changpeng Zhao says the exchange will “definitely” partner with Ripple to boost its XRP-powered payment solution xRapid. Ripple has already partnered with crypto exchanges Bittrex, Bitso, Coins.ph and Bitstamp to boost liquidity for xRapid.

Stellar $0.075784 USD (1.53 percent) wallet and exchange Inter.Stellar just crossed 10,000 downloads on Android.

Upfiring $0.121502 USD (30.95 percent), the Ethereum-based torrenting platform, just launched seeing big gains. The file-sharing app is aimed to be Ethereum’s competitor to Tron’s BitTorrent and utilizes the UFR token to encourage people to use the platform.

– WN.com, Jamie Saarloos



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