Cryptocurrency Daily News Bulletin: February 28, 2019

February 28, 2019 2:16 pm Published by

General News

Cryptopia will reopen for business on Monday next week following its major hacking.

Mizuho Financial Group, the Japanese financial giant, has announced J-Coin, will launch on March 1. Like J P Morgan’s USD-backed stablecoin, J-Coin will be pegged to the yen.

Square reported $166 million in annual Bitcoin revenue for 2018 in yesterday’s earning release – with growing quarter-on-quarter Bitcoin sales. This contrasts the forecasted slowdown for Square more generally, with shares falling following their profit warning.

Wirex has released a major platform update, Wirex 3.0, adding ten new fiat currencies. 

Russian President Vladimir Putin has ordered the government to enforce crypto-related regulation by July 1 according to a report on the official website of the President of Russia.

Singapore’s Government Investment Corporation (GIC) was one of the investors to have helped raise $300 million for Coinbase in 2018, according to a new Bloomberg report. The report also cites documents indicating Coinbase 2018 revenue figures at $1.3 billion – close to 50 percent of the total transaction pool across all crypto exchanges. 

Cryptocurrencies

Brave Browser $0.156868 USD (-2.04 percent), the open source website browser based on Chrome web browser, announced a partnership with TAP Network, a blockchain-based advertising and data platform. This allows users to redeem the Braves BAT token across 250,000+ brand partners in the TAP Network ecosystem. Users will be able to earn BAT by browsing the web using the Brave browser and then “pay for your hotel room, train ticket, or restaurant bill with the BAT acquired”. 

Ethereum’s $138.48 USD (-1.08 percent) Constantinople and St. Petersburg upgrades are finally due tomorrow with users asked to implement code change – with both upgrades implemented as “hard forks” taking place on the same block number – 7,280,000. 

ICONLOOP $0.282937 USD (2.94 percent), the firm developing blockchain project ICON, has denied claims it’s planning to hold an IPO. ICX has seen strong gains surrounding this speculation, along with ICONLOOP announcing it has achieved “advanced technology partner status” on the Amazon Web Services (AWS) Partner Network.

Litecoin $46.44 USD (1.18 percent) Foundation is ramping up its major focus on marketing LTC and creating more payment streams as they announce another partnership, this time with K-Pop concert production company C&U Entertainment Global.

Monero $49.68 USD (0.14 percent): Coinhive, the crypto mining service, is the latest miner to announce they are shutting down. Operations will cease on March 8 as developers cite the more than 50 percent drop in hash rate following the last Monero hard fork along with the value of XMR falling more than 85 percent within a year. 

Polymath $0.090373 USD (1.75 percent), thesecurity token platform, has teamed up with Loopring to trial P2P trading of security tokens on a decentralized exchange. Polymath said “successful” tests – which used smart contracts on Loopring’s DEX protocol – demonstrated only authorized trades of ST-20 security tokens were able to execute.

Ripple’s $0.313658 USD (-2.14 percent) head of XRP markets Miguel Vias has come out on record to dismissspeculation suggesting Ripple paid Coinbase to list XRP. 

– WN.com, Jamie Saarloos



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