Cryptocurrency Daily News Bulletin: February 21, 2019

February 21, 2019 1:33 pm Published by

General News

BitPoint, the Japanese crypto exchange, is continuing its expansion across Asia after receiving regulatory approval to launch a crypto exchange in Thailand. The exchange will initially support Bitcoin, Ethereum, XRP, Litecoin and Bitcoin Cash.

Samsung have officially unveiled the Galaxy S10 yesterday and confirmed that it will include a dedicated secure storage function designed for cryptocurrency private keys.

Facebook CEO Mark Zuckerberg is evaluating blockchain to allow users to log in to various services via one set of credentials: “you take your information, you store it on a decentralized system and have the choice to log into places without going through an intermediary.”

LA Kings, the U.S. ice hockey team, have launched a blockchain-based tool for tracking the authenticity of merchandise through a partnership with AR startup Pro Exp Media. 

Mjunction services, India’s largest e-commerce firm, has entered into a strategic partnership with blockchain shipping firm Shipnext to boost efficiency across mjunction’s supply chain and bring value-added services to its clients. 

New World Development and the Hong Kong Applied Science and Technology Research Institute (ASTRI) are jointly launching a blockchain platform for home buyers with the Bank of China being the first bank user. The platform aims to replace paperwork operations.

Bahrain’s central bank is launching a regulatory sandbox to allow blockchain and crypto companies to work in the country and test their solutions. 

Ohio state has formed a working group to determine the benefits blockchain can bring to property transactions. The County Auditors’ Association of Ohio (CAAO) has partnered with SafeChain – a Ohio-based startup that puts real-estate transactions on a blockchain.

Cryptocurrencies 

Bitcoin’s $3,949.66 USD (-0.90 percent) Lightning Network (LN) has been growing at a much faster rate. The total capacity of the LN has increased to an all-time high of 703 BTC – worth $2.75 million. The number of channels for the LN has increased by 35.2% over the last month and the number of nodes has increased by 15.32% and is currently at 6,400 nodes. This comes as the CME group posted record numbers on futures contracts traded for BTC. 

Bitcoin Cash $142.05 USD (-3.35 percent) has just been added to Coinbase custodial wallet app. 

Ethereum’s $145.48 USD (-1.35 percent) outlook has been more positive of late as it overtakes Ripple to become the second largest coin once again. Trading volumes have increased and ETH/BTC has broken above the 200DMA. The Constantinople hard fork finally looks set to activate on Feb. 27th after multiple delays. Further, ErisX has enquired with the CFTC to bring ETH futures to US markets.  

Stellar $0.089082 USD (-1.64 percent): IBM’s vice president of blockchain and digital currencies Jesse Lund says the tech giant will reveal a major announcement about its Stellar-powered IBM World Wire next month. World Wire is a financial network that allows banks and financial institutions to send and settle cross-border payments in near real-time. He also mentioned that they have “letters of intent with several banks around the world to support and issue digital currencies, stablecoins and other currencies.” 

– WN.com, Jamie Saarloos



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