Cryptocurrency Daily News Bulletin: April 5, 2019

April 5, 2019 1:47 pm Published by

General News

Barclays, Royal Bank of Scotland (RBS), R3 and other participants have completed a blockchain trial reducing the real estate buying and selling process from more than three months to “less than three weeks.” R3-affiliated Instant Property Network (IPN) claims the tech can save the global property market $160 billion annually. They are now onboarding “dozens” more firms for the next phase of the project due to launch in September.

Coinsquare is launching a stablecoin pegged 1:1 to the Canadian dollar (CAD). The new “eCAD” token will be used in cross-border payments and remittance, peer-to-peer lending, merchant payment solutions, as well as trade settlements and forex conversions.

Gazprom, Russia’s state-owned gas giant, has developed a prototype model that will enable contracts on gas supply agreements to be made automatically using blockchain technology. CEO Alexey Miller has met with Russian prime minister Dmitry Medvedev to report on the development of applications powered by DLT, as he sees great prospects in the tech. 

Sila, a startup founded by the co-founder of Simple Bank, aims to provide early-stage fintech startups with traditional banking service functionality using Ethereum smart contracts connected to existing payment systems. They have unveiled an open beta using its API. 

Wien Energie, Austria’s largest energy provider, has developed a blockchain-driven fridge in partnership with tech giant Bosch. The project aims to increase the sustainable consumption of energy – allowing users to choose the source of energy (solar panel or a wind power). Each kilowatt used by the fridge can be traced and can be fully operated via smartphone.

Cryptocurrencies

Bitcoin $4,983.97 USD (-0.27 percent) whales are on the move. In the last 24 hours, whales moved $197 million in BTC across 22 separate transactions. The largest transaction of 9,473 BTC worth $46.8 million was sent from Bitfinex to an unknown wallet. The majority of the BTC is being moved out of crypto exchanges, which means those whales are most likely not planning to sell anytime soon. BTC is still hovering below the key $5K resistance.

MakerDAO $1.01 USD (1.45 percent), the issuer of Dai, announced a new program in South Korea to collaborate with government projects, including assisting local governments to switch from local currencies to cryptocurrencies. This new program follows MakerDAO’s initiative with VANTA, a decentralized network, to encourage the adoption of Dai. 

PundiX $0.000796 USD (20.77 percent) has seen strong gains today following a slew of news announcements. Firstly, they announced the world’s first limited edition of 10,000 Cao Jun designed iBank XPASS cards powered by Pundi X and IOST. Secondly, they have been listed on multiple services such as HuobiGlobal and one of the 16 default tokens to be added on Samsung GalaxyS10’s blockchain wallet. They also announced a partnership with South African digital asset exchange DoshEx to bring crypto’s to high street retailers and local consumers. Lastly, they have a new NPXS-KRW trading pair on Upbit.

Ripple’s $0.368009 USD (7.85 percent) latest onboarded client is UK-based RationalFX which will use xCurrent to power payments to and from Malaysia. Ripple CEO Brad Garlinghouse says the startup is signing financial institutions onto its network at a record pace, signing three production contracts per week in early 2019.

Stellar $0.124992 USD (2.63 percent) is now supported by HTC’s blockchain-based smartphone Exodus on its ZionVault crypto wallet. XLM joins BTC, ETH and LTC. 

– WN.com, Jamie Saarloos



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