Cryptocurrency Daily News Bulletin: April 4, 2019

April 4, 2019 2:47 pm Published by

General News

Atomic Capital, an asset tokenization startup, is entering the crypto-backed lending field, offering U.S. dollar loans up to 85 percent of the value of BTC or ETH pledged as collateral –the most generous loan-to-value (LTV) rate available on the market so far.

Binance is launching a new fiat-to-crypto exchange in Singapore later this month. Binance DEX mainnet launch is also expected to take place this month. This follows a host of developments announced by CEO Zhao, including Binance’s official crypto wallet, Trust Wallet, introducing a new staking feature by the end of the second quarter.

The Jamaica Stock Exchange (JSE) will soon trial Bitcoin and Ether trades with help from Canadian fintech firm Blockstation after entering into an agreement to enable live trading of digital assets, including security tokens in a “regulated and secured” environment.

Okta Ventures Fund, a new $50 million VC fund set up by the Nasdaq-listed company, announced their first investment – blockchain-based identity startup Trusted Key.

SWIFT, IBM, Ripple and around 100 other firms and organizations have joined a new blockchain association, dubbed the International Association of Trusted Blockchain Applications (INATBA), to promote adoption of the technology across the EU.

The U.S. SEC has released its long-awaited crypto token guidance. The framework outlines how token issuers must consider expectations of profit, whether a single or at least central group of entities are responsible for specific tasks within the network, whether a group is creating or supporting a market for a digital asset, amongst several other considerations. 

Cryptocurrencies

Ethereum $160.92 USD (-3.68 percent): More than 40 central banks worldwide are experimenting with blockchain technology, according to a new report from the World Economic Forum. Examples include the National Bank of Cambodia, which plans to incorporate blockchain technology for its national payments system by the end of this year. Another notable example came from the Bank of France, which has already been using Ethereum smart contracts in a private implementation. The bank has replaced its process for provisioning and sharing Single Euro Payments Area Credit Identifiers (SCIs) with the blockchain-based system, which has been operational since the end of 2017.

Litecoin $85.59 USD (4.43 percent): Exchange-traded products (ETPs) for LTC and XRP have gone live on the Nordic Growth Market, a subsidiary of the Borse Stuttgart exchange. The four ETPs (two for LTC, two for XRP) are available to investors based in the European Union through XBT Provider, the firm behind the products.

Ripple $0.339340 USD (-3.73 percent) partner Santander announced a major expansion of its global Ripple-powered cross-border payments app One Pay FX, which is now powering more than half of Santander Group’s FX payments. The bank announced it will soon launch a new standalone version of the platform called Pago FX – aimed at the unbanked and will allow anyone to send money around the world instantly, even non-Santander customers.

VeChain $0.007311 USD (1.35 percent) has partnered with Chinese consumer electronics giant Haier and risk management company DNV GL to improve transparency in the supply chain. Haier, the world’s largest home appliances manufacturer, will utilise VeChain’s traceability application, My Story, to help verify products, prevent fraud, track carbon footprints and more. 

– WN.com, Jamie Saarloos



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