Cryptocurrency Daily News Bulletin: March 19, 2019

March 19, 2019 12:50 pm Published by

General News

Bithumb, South Korea’s largest exchange, plans to cut staffing levels by up to 50 percent.

Coinmarketcap has added a new metric from blockchain analytics startup Flipside Crypto. The Fundamental Crypto Asset Score (FCAS) evaluates developer activity and transactional data. The partnership aims to add further educational content to CoinMarketCap. 

Digitec Galaxus, a leading Swiss online retailer, has announced it will now accept crypto payments for its more than 2.7 million products. The shop is now accepting BTC, BCH, BSV, ETH, XRP, BNB, LTC, TRX, NEO and OMG for purchases worth more than CHF 200 (around $200). 

Overstock has put off plans to sell its flagship retail business, delaying a large cash infusion it was hoping to use for its portfolio of blockchain ventures. In their Q4 earnings call, CEO Patrick Byrne indicated it no longer had a firm timeline; delaying their full pivot to blockchain. 

Visa is searching for a new technical product manager for its Visa Crypto Team.

2gether, a Spanish banking startup, is launching a prepaid Visa debit card allowing users to pay with euros or seven crypto’s: BTC, ETH, XRP, BCH, EOS, XLM and LTC. Users can download the app ahead of the March 27th launch, which includes pre-sale of its 2GT token.

Japan is tightening their regulations for crypto margin trading from next year. The Japanese Cabinet has approved draft amendments capping crypto margin trading in line with the forex trading – two-to-four times the initial deposit. All crypto exchanges offering margin trading must also register with the government by April 2020 or face closure.

U.S. lawmakers in the state of Colorado have jointly filed bipartisan house bill 1247 proposing the commissioner of the Department of Agriculture assemble an advisory group to study the potential applications for blockchain technology in agricultural operations.

Cryptocurrencies

Ethereum $140.25 USD (0.74 percent): A new study from Provide Technologies shows 62% of enterprise blockchain projects are now being built on Ethereum. 

Ripple’s $0.318161 USD (0.69 percent) XRP is being integrated on Microsoft Outlook as an add-on, allowing users to send XRP via email even without an XRP address. Gmail functionality will be added thereafter according to Wietse Wind, head of XRPL Labs.

Stellar $0.114354 USD (5.15 percent) and IBM’s World Wire project is now live and has signed on six international banks with letters of intent to issue stablecoins on the network using Stellar’s blockchain. So far three of the banks have been identified – Philippines-based RCBC, Brazil’s Banco Bradesco, and Bank Busan of South Korea – with the others said to be offering digital versions of euros and Indonesian rupiah “pending regulatory approval”. Aside from issuing their own tokens, XLM can be used by enterprises as a “bridge currency” when it is hard to trade one type of fiat for another. One stablecoin already running on World Wire is a U.S. dollar-backed token created by Stronghold, a San Francisco-based startup. This follows the news of Coinbase’s added support for XLM trading.

ZCash $55.87 USD (3.02 percent): Bitmain has launched a new miner for ZCash. The new ASIC Antminer Z11 offers a hashing power of 135K sol/s, which is “three times more powerful” than its previous Equihash miner, the Antminer Z9. Bitmain further claims the Antminer Z11 can save 60 percent of electricity cost compared to the Z9.

 WN.com, Jamie Saarloos



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