Cryptocurrency Daily News Bulletin: February 15, 2019

February 15, 2019 2:24 pm Published by

General News

Grayscale Investments latest report shows investments from institutions is on the rise.

HSBC Chief Operating Officer of FX Cash Trading and Risk Management, Mark Williamson, claims the bank’s blockchain-based system has saved 25 percent in costs. Dubbed the HSBC FX Everywhere platform, it has already settled more than $250 billion in transactions.

Nvidia is the latest large-scale chipmaker to disclose a downturn in sales to crypto miners in a “disappointing” fourth quarter – with excess inventory the company struggled to sell.

Signature Bank CEO Joseph J. DePaolo has discussed JPMorgan’s JPM Coin and the similarities with what they are already doing with SEN. Signature Bank’s blockchain-based Signet system has on-boarded more than 100 clients who are using it to transfer millions of dollars a day, 24/7. He also mentioned that they are close to onboarding “a substantial cargo ecosystem and wholesale diamonds,” along with a large-scale title insurance company. 

Luxembourg lawmakers have passed bill 7363 into law, facilitating the use of blockchain technology for transactions in financial services. 

Cryptocurrencies 

Bitcoin $3,633.68 USD (0.51 percent) can now be used to buy Domino’s pizza through Lightning Network. Crypto payments startup Fold launched the web-based Domino’s portal illustrating “that lightning is at a point where it is mainstream-ready.” The Fold web app plans to integrate lightning for all its shopping options over the next six months, including Starbucks, Whole Foods, Dunkin Donuts, Target and Uber.

Bitcoin SV $62.97 USD (-0.75 percent) holders can finally access and withdraw their BSV from Coinbase, three months after the fork. Coinbase users who held BCH in their accounts at the time of the fork were given BSV coins at a 1:1 ratio. 

IOTA’s $0.274612 USD (3.42 percent) Tangle technology has a new Proof of Concept (PoC) for a smart power grid for electric vehicles developed by Dutch technology company ElaadNL. The PoC shows the ability of smart grids to not only consume power, but also generate it and autonomously redistribute it – using IOTA tokens as a reward mechanism. 

Ripple $0.302417 USD (0.01 percent) has announced the latest release of XRP Ledger. The open-source protocol is maintained by a network of P2P servers with XRP as its native “bridge” token. Version 1.2.0 of the ledger introduces several changes, including bolstering security and making the network more resistant to censorship – a bid to resolve concerns around centralisation. Meanwhile, Delphi Digital says JP Morgan’s new stablecoin is challenging the relevancy of Ripple as XRP is volatile. However, CEO Brad Garlinghouse has hit back mentioning that assets are only held in XRP for a matter of seconds and that JPM Coin cannot compete with an open network designed to unify different banks and financial institutions around the world, and that it “misses the point” of crypto.

Stellar $0.078916 USD (3.57 percent): Coinsquare has acquired decentralized exchange (DEX) StellarX in an undisclosed fee. The purchase follows its acquisition of stellar wallet BlockEQ last December. BlockEQ will be rebranded as the “anchor wallet” for the StellarX platform. StellarX offers trading in both crypto and fiat as Coinsquare seeks to license the DEX under Bermuda’s crypto-friendly regulatory regime. CEO Cole Diamond claims “Stellar is the fastest payment network in the world.” Meanwhile, Stellar just launched a new network upgrade. Version 10.2.0 features several stability and performance improvements.

– WN.comJamie Saarloos

 



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