Cryptocurrency Daily News Bulletin: February 20, 2019

February 20, 2019 1:16 pm Published by

General News

Binance has rolled out public testing for Binance DEX and Binance Chain. Users can now create their own wallets and interact with the trading platform’s interface.

BitGo is now facilitating insurance for digital assets by providing $100 million of cover against theft or loss of cryptographic keys via the Lloyd’s of London insurance market. BitGo’s Lost Key Cover is offered through Digital Asset Services, an insurance provider overseen by the U.K. FCA and is available as an annual subscription or when needed.

Banco Bilbao Vizcaya Argentaria (BBVA), has announced the launch of the first blockchain-backed platform for structured green bonds. BBVA has closed the deal with Spanish insurance house Mapfre, which has invested 35 million euros to finance sustainable products. To close this deal, BBVA has “issued the first structured green bond using blockchain technology to negotiate the terms and conditions”.

Elon Musk has gone public stating cryptocurrency’s structure “is quite brilliant.” “It bypasses currency controls. Paper money is going away and crypto is a far better way to transfer value than a piece of paper.” However, he argues “it’s very energy intensive to create bitcoin at this point,” so may not be suitable for Tesla – which aims to promote sustainable energy.  

Marubeni Corporation, the Japanese general trading company, has partnered with a New York-based blockchain startup to use the technology for its energy business.

OKEx has added four new crypto derivative pairs to its platform. The listing includes Bitcoin SV, QTUM, DASH and NEO against BTC or USDT on margin with a 3x leverage option.

TrueDigital has hired Thomas Kim away from Bridgewater Associates – the world’s largest hedge fund – to be its chief executive. Kim will supervise the upcoming launch of trueDigital’s exchange for bitcoin swaps, which is expected later this year.

U.S. SEC is now reviewing two Bitcoin ETF proposals. VanEck/SolidX proposal filed with Cboe BZX Exchange has now appeared in Wednesday’s edition of the Federal Register –kicking off the 45-day clock to an initial decision. It joins Bitwise Asset Management’s proposal with NYSE Arca, which was published in the register last week.

Cryptocurrencies 

Bicoin $3,981.78 USD (1.27 percent): Google’s iOS keyboard just added Bitcoin’s “B” symbol. This comes as BTC tests the $4,000 handle on significantly increased volume – 24h volume is at $30,608,070,084, more than double the previous months average. 

Ripple’s $0.331576 USD (-1.46 percent) XRP has been added to retail forex broker TradersWay platform – following a trend of traditional forex brokers jumping into crypto. The world’s second largest forex broker, FOREX.com, also offers XRP and BTC trading, along with SimpleFX and NordFX. Meanwhile, R3 is partnering with Instamatch Global, a digital network for institutional money market lending. Instamatch is testing R3’s Corda Settler and its ability to settle transactions with XRP in a pilot with 50 banks.

Tron $0.025173 USD (-1.36 percent) has gained wallets and custody support from BitGo.

VeChain $0.004327 USD (-1.33 percent) CEO Sunny Lu has clarified news Amazon Web Services (AWS) is supporting VeChain. Lu says AWS added the ability for developers to deploy the VeChainThor blockchain with the click of a mouse. 

– WN.com, Jamie Saarloos



Have your say:

Your email address will not be published. Required fields are marked *

*