Cryptocurrency Daily News Bulletin: April 2, 2019

April 2, 2019 12:26 pm Published by

General News

Binance just announced its fourth token sale coming to Binance Launchpad on April 24th. 1.9 billion tokens for the blockchain scalability platform Matic Network (MATIC) will be sold, with users able to claim up to a maximum of five lottery tickets based on how much BNB they hold in their portfolio. The last three Binance token sales have sold out immediately. 

Bitfarms, the Israeli cryptocurrency mining firm, will be delisted from the Tel Aviv Stock Exchange due to the losses caused by last year’s crypto bear market. 

San Juan Mercantile Bank & Trust International (SJMBT), a new Puerto Rico-based bank catering crypto traders, has opened. SJMBT is a unit of Mercantile Global Holdings (MGH) – also owner of San Juan Mercantile Exchange (SJMX) – a digital asset exchange.

Pakistan is introducing crypto regulations following recommendations from the Financial Action Task Force (FATF). Companies will have to meet capital requirements, receive licensing, take measure to protect users’ funds and carry out customer due diligence. Pakistan central bank claims the move is to “promote financial inclusion” in the nation.

The U.S. SEC is seeking to hire yet another “crypto specialist”, with the new legal expert tasked to help develop a “comprehensive plan” to address crypto and digital asset securities.

Cryptocurrencies 

Augur’s $16.76 USD (8.47 percent) prediction market platform has a “design flaw” according to a new report released by Binance Research. The report outlines how cheaters can game the system by creating invalid bets on purpose.

Bitcoin $4,754.63 USD (15.01 percent) shot up 17 percent within 30 minutes this morning to reach its highest level in four months and breaking above the 200DMA for the first time in over a year. This is the first sign of a breakout from prolonged bear market. Meanwhile, Coincheck has launched an OTC Bitcoin trading service aimed at institutional clients.

Ripple’s $0.334207 USD (7.22 percent) XRP now has an exchange-traded product (ETP) tracking its price after launching on Switzerland’s primary stock exchange SIX. Amun AG, the maker of the product, announced the ETP, AXRP, is now the 4th crypto ETP to go live on SIX – joining AETH, ABTC and HODL (a crypto basket index ETP). Meanwhile, Coinbase is now offering users a “fast and free” payment service to send money to any user with a Coinbase account around the world using XRP or USDC. “By using crypto’s that are optimized for cross-border transmission, you can send/receive money virtually instantly by sending those crypto’s and having the recipient convert them into local currency.” Lastly, Ripple has become a founding member of the International Association for Trusted Blockchain Applications (INATBA) – a forum for organizations with interests in DLT to interact with policy makers and regulators. They join Ethereum’s ConsenSys, Cardano and IOTA – with the official launch of INATBA taking place in Brussels on April 3rd.  


Stellar
 $0.118043 USD (8.73 percent) is gaining support from Coinbase on Coinbase Wallet. XLM will be rolled out to users on iOS and Android over the next week.

Tron $0.026269 USD (11.29 percent) has pushed to remove gambling DApps in the Japanese market to comply with local regulations. Developers working with gambling apps are recommended to block users with Japanese IP addresses. Tron will further collaborate with the Japanese government and provide them with all necessary data in case of violations.

– WN.com, Jamie Saarloos



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