Cryptocurrency Daily News Bulletin: April 9, 2019

April 9, 2019 12:28 pm Published by

General News

Facebook is looking to raise as much as a billion dollars in venture funding for its crypto stablecoin project, according to Nathaniel Popper, a technology reporter at the NY Times. 

Kleinwort Hambros, a Societe Generale-owned private bank and wealth manager, has launched an actively managed exchange-traded note (ETN) targeting companies that could “profit most” from the development of blockchain technology. The ETN will initially have 20 stocks diversified across areas including tech, shipping, oil and gas, custody and industrials.

Mt. Gox Legal, the largest organized creditor group representing former users of failed bitcoin exchange Mt Gox, is losing their founder and coordinator Andy Pag. He is stepping down amid what he described as a protracted legal quagmire that more than two years to resolve, citing a single massive claim by startup incubator Coinlab as a big hurdle.

Mitsubishi UFJ Financial Group (MUFG), the fifth largest bank in the world, announced it is set to put its digital currency MUFG Coin into practical use later this year.

QuadrigaCX should transition into bankruptcy in the coming days, a judge ruled yesterday.

Western Union has teamed up with blockchain startup Coins.ph to enable residents of the Philippines to more easily receive cash remittances for their “over 5 million” users.

China’s National Development and Reform Commission (NDRC) is labelling bitcoin mining as an “undesirable” industry, recommending local governments eliminate the sector.

Cryptocurrencies

Bitcoin $5,200.37 USD (-0.19 percent) Core 0.18 upcoming release will finally allow users to connect bitcoin full nodes to hardware wallets – a big step for the security for users. Bitcoin full nodes allow users to verify transactions and hardware wallets are the most secure ways to store bitcoin. Thus, making it easier to join the two together is a big win for users who do not want full control of their bitcoin but with enhanced security.

EOS $5.54 USD (2.75 percent)Augur $20.41 USD (-4.94 percent) and MakerDAO $719.42 USD (-3.90 percent)have been added to Coinbase Pro. While EOS and REP both have dollar, euro and bitcoin trading pairs, MKR can only be bought using bitcoin or USDC. 

Ethereum $177.23 USD (-0.71 percent): Opera has officially launched the desktop version of its new browser with a built-in wallet support Ether and ERC-20 standard tokens. The browser, called “Reborn 3,” is now available for the Mac, Windows and Linux operating systems – allowing users to interact with the blockchain-based dApps of “Web 3” and lets users send transactions without requiring an extension such as Metamask.

Litecoin $87.83 USD (-1.29%): Grayscale Investments, the world’s largest crypto asset manager with more than $1.1 billion AUM, just released an update on the composition of its Digital Large Cap Fund (DLC). The fund increased its Litecoin investment by 83.33%, up from 1.8% last quarter to 3.3% at the close of Q1. The fund also increased its Bitcoin allocation from 66.8% to 68.3%, and Bitcoin Cash from 2.8% to 2.9%, whilst decreasing its XRP from 14.7% to 11.9%, and Ethereum from 13.9% to 13.6%.

Ripple’s $0.350165 USD (-1.48 percent) XRP-based cross-border payment solution xRapid has just been singled out as a potentially world-changing idea by Fast Company – giving the tech an honourable mention in its third annual World Changing Ideas Awards. 

 WN.com, Jamie Saarloos



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