Cryptocurrency Daily News Bulletin: April 16, 2019

April 16, 2019 1:15 pm Published by

General News

BitGo conducted a survey involving 150 endowments. Results show endowments are one of the more active segments in crypto across all institutional investors, with 94 percent taking part in crypto-related investments in 2018 and 55 percent looking to increase their allocation.

LedgerX, the crypto derivatives provider, plans to become the first U.S. firm to offer physically settled bitcoin futures contracts. The company has filed for a designated contract market (DCM) license, as they race against Bakkt for approval. LedgerX can now target retail investors, offering BTC options and futures through a new platform, dubbed Omni.

London Stock Exchange Group (LSEG) has collaborated with blockchain startup 20|30 to raise £3 million in a sale of tokenized shares. The share offering involved real cash and was issued on the LSEG’s Turquoise equity trading platform. LSEG and the FCA are working with 20|30 and DLT startup Nivaura to demonstrate equity in U.K. companies can be tokenized and issued within a fully compliant custody, clearing and settlement system. 

The National Payments Corporation of India (NPCI) – a bank consortium for retail payments and settlements – plans to develop a “resilient, real time and highly scalable” blockchain solution for digital payments. The NPCI is supported by India’s central bank and promoted by 10 banks, including the State Bank of India (SBI), ICICI Bank and HSBC. However, regulatory uncertainty persists with Unocoin now firing half its staff. 

Cryptocurrencies

Bitcoin $5,084.23 USD (-1.60 percent) is now being accepted for payments by Corporate Traveller, the largest travel management firm in the United Kingdom.

Bitcoin SV $56.16 USD (-21.03 percent) is being delisted by Binance on April 22, just days after Binance CEO Changpeng Zhao threatened to do so if Craig Wright did not cease attacks on Twitter users who are claiming he is not Satoshi Nakamoto. ShapeShift has also dropped the crypto, with Kraken considering following suit.

Ethereum’s $162.92 USD (-2.32 percent) ConsenSys is seeking $200 million in new funding at a valuation of $1 billion. They are currently pitching Chinese investors claiming the company aims to earn $50 million in revenue this year, primarily from contracts with enterprise and government clients. This comes after laying off 13 percent of its staff following ETH’s major devaluation and the subsequent late-2018 re-organization dubbed “ConsenSys 2.0,” prioritising partnerships with traditional, external investors.

Litecoin’s $78.52 USD (-3.91 percent) hashrate has reached a new all-time high, doubling since the start of the year. This indicates the network and miners is growing.

Ripple’s $0.321231 USD (-1.98 percent) XRP is now live on Uquid, giving people in 150 countries a new way to pay for cell phone service. Users can now top off and recharge their mobile phone minutes with XRP instantly. They are also enabling XRP payments for mobile data plans and other payments. Meanwhile, Siam Commercial Bank (SCB) is expanding its use of Ripple’s cross-border payment solutions. After providing Thai migrant workers that live in Japan a way to send money home through 30,000 ATM machines, they are now looking at their presence in other regions such as Cambodia and Vietnam.

Sirin Labs $0.033336 USD (-2.79 percent) has laid off 25% of its staff amid poor sales of its recently launched Finney blockchain phone. This comes as several blockchain phones have hit the market, including HTC’s EXODUS 1 and Samsung’s Galaxy S10. 

– WN.com, Jamie Saarloos



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