Cryptocurrency Daily News Bulletin: February 26, 2019

February 26, 2019 12:44 pm Published by

General News

Accenture has announced a prototype blockchain-based supply chain app. The Circular Supply Chain app has been developed with Mastercard and Everledger – allowing consumers to track the provenance of goods they are buying and see if a producer has a certification for sustainable practices. Consumers can also send tips as a reward for responsible producers with tokens or a fiat transfer powered by Mastercard.

Fusion Foundation, the cryptocurrency non-profit, has partnered with the Automotive eXchange Platform (AXP) to bring their database of 10.5 million used automobiles and its insurance and financing to a blockchain. The project could be extended to state-based government agencies and the Department of Motor Vehicles (DMV). 

SoftBank is exploring blockchain to improve current ID and authentication services. They have partnered with blockchain startup TBCASoft and created a working group within an existing consortium of telecom carriers – the Carrier Blockchain Study Group (CBSG).

Australian Transaction Reports and Analysis Centre (AUSTRAC) has partnered with the Swinburne University of Technology to build a prototype examining how blockchain can help automate reporting of international funds transfer instructions (IFTIs) to the regulator.

Cryptocurrencies 

Bitcoin $3,853.49 USD (0.26 percent): The number of short bets placed against BTC on Bitfinex declined to their lowest total in 11 months on Sunday – showing the weekend plunge did not hold much substance and going back above $4K looks likely.

EOS $3.49 USD (-0.60 percent) is now going to be used by Effect.AI as they announced plans to switch from developing on the NEO blockchain to EOS to take advantage of the network’s scalability. The platform is working to develop a decentralized network for artificial intelligence and AI-related services on the blockchain.

Ethereum $137.55 USD (-1.32 percent): Local publications in South Korea have reported Samsung is expected to integrate a full ERC20 support into its crypto wallet. HTC have now made their blockchain phone, HTC EXODUS 1, available for purchase with U.S. dollars and other fiat currencies as they feel the pressure from competitors like Samsung.

Electroneum $0.007290 USD (-3.68 percent) has just launched an $80 Android smartphone that mines cryptocurrency. Its new M1 is a Google Mobile Services (GMS)-certified smartphone that comes with a cloud mining enabling users to earn ETN tokens through an app with a claimed monthly return of “up to $3.” Mining will only be enabled for ETN at launch. Launch will begin in South Africa due to high expected demand. 

Enjin Coin $0.090250 USD (97.06 percent) surged more than 150 percent despite Bitcoin leading the overall market to double-digit losses. This comes after Enjin Coin was announced to be one of the four cryptocurrencies listed on the native crypto wallet of the Samsung Galaxy S10 alongside Bitcoin, Ethereum, and Cosmee. The Samsung Mobile Business Development Summit also featured the Enjin logo as a partner.

Ripple’s $0.322471 USD (5.84 percent) price jumped 12 percent on the news XRP will finally be made available on Coinbase Pro after years of regulatory concerns being a hindrance on its listing. The exchange has been allowing deposits as of 10am PT this morning. Strong trading volume can be expected on XRP in the coming days. Meanwhile, Nasdaq will soon have Ripple Liquid Index (RLX) in addition to the Bitcoin and Ethereum Liquid Indices. 

– WN.com, Jamie Saarloos



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