Cryptocurrency Daily News Bulletin: March 15, 2019

March 15, 2019 1:43 pm Published by

General News

Bolsa de Madrid (BME), Spain’s largest stock exchange, said it expects to go live by year-end with a blockchain-based system for certifying collateral pledges. Tests showed “a reduction in the total time of end-to-end processes exceeding 80 percent,” BME announced.

Bittrex just pulled the plug on its first-ever initial exchange offering (IEO). Bittrex says “last-minute” changes to its partnership with RAID caused the platform to cancel the offering. This followed CoinSpeaker’s report on RAID disputing the legitimacy of the crypto startup.

Cboe Futures Exchange (CFE) has announced it will not be adding a new bitcoin futures market for March, citing a need to review how it approaches the space – the last contracts listed, XBTM19, expire in June with no indication of when trading will resume thereafter.

Gatecoin, the Hong Kong-based crypto exchange, is shutting down and entering liquidation after failing to recover funds lost in a dispute with a former payment services provider.

IBM has struck a deal with France’s National Council of Clerks (NCC), with tests involving four court clerks and IT providers announced successful. Court clerks across France will be recording changes in companies’ legal status on IBM’s Hyperledger blockchain – due to go live by Q2 2019. Making an update to the registry took one day instead of several days. Meanwhile, IBM’s head of blockchain solutions Jesse Lund has hinted bank-targeted stablecoins is in development through their World Wire project with Stellar Lumen.

Mt. Gox former CEO Mark Karpeles has been found guilty by the Tokyo District Court of wrongfully making electronic records connected to Mt. Gox’s books, but innocent on charges of embezzlement and breach of trust – five years after Mt. Gox filed for liquidation.

Canada’s Securities Administrators (CSA) and the Investment Industry Regulatory Organization of Canada (IIROC) are seeking input from the fintech community on how to regulate crypto exchanges in the country following the recent QuadrigaCX saga. 

Cryptocurrencies

Bitcoin $3,942.45 USD (0.70 percent): Bitfury Group has partnered with business payments processor HadePay to bring lightning network-based BTC payments to merchants in the U.S., Canada and the EU. The platform will enable merchants to “immediately” convert BTC into another currency after the payment is made whilst “improving the efficiency and lowering the costs” of BTC transactions. US-based grocery giant Kroger recently expanded its ban on Visa credit cards due to high fees and is in talks with Morgan Creek Digital founder Anthony Pompliano about using BTC via the Lightning Network.

MakerDAO $0.995065 USD (-0.75 percent) holders are debating a fourth increase to the amount charged to users of its U.S. dollar-pegged stablecoin DAI. As a result of persistent imbalances in the token’s supply and demand since February, DAI has been trading below $1 – hitting lows of $0.96 on exchanges such as Coinbase.

Ripple $0.315586 USD (0.63 percent) will soon be gaining support from Binance’s new fiat-to-crypto exchange based in Jersey according to Justin Sun.

Stellar $0.106987 USD (-2.63 percent) Development Foundation has hired longtime Mozilla Chief Operating Officer Denelle Dixon as CEO of the nonprofit organization. She succeeds the project’s creator, Jed McCaleb, who has moved to the role of chief architect, where he will focus on protocol growth and adoption strategies. 

– WN.com, Jamie Saarloos



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