Cryptocurrency Daily News Bulletin: April 17, 2019

April 17, 2019 12:53 pm Published by

General News

Arca, the digital asset manager, is seeking regulatory approval from the SEC to sell a new type of stablecoin to retail investors. The Arca U.S. Treasury Fund, whose shares would be tokenized as “Arca UST Coins” on the Ethereum blockchain, will hold 80 percent in U.S. Treasury securities, with the rest in debt issued by various public or private entities.

CoinMarketCap has launched its first Android app and revamped its Apple iOS product. The apps offer features not yet available on their website, including portfolio tracking, candlestick charts, side-by-side cryptocurrency comparisons, as well as price alerts and user accounts.

eToro has launched a crypto exchange regulated by the Gibraltar Financial Services Commission. Six crypto’s will be offered at launch: BTC, BCH, ETH, XRP, LTC and DASH. Notably, the firm is issuing eToro-branded tokens pegged to eight fiat currencies: eToro U.S. dollar (USDEX), eToro Yen (JPYX) and eToro Euro (EURX), with others available for pounds Sterling; Australian, Canadian and New Zealand dollars; and Swiss franc.

Gate.io, one of the oldest Chinese exchanges, has raised $64 million in seven days for its own exchange crypto. Orders have totalled $2.99 billion for the so-called Gate Points, which can be used to offset trading fees on the platform. Each Gate Point further entitles users to receive 2.5 Gate Tokens (GT), the native crypto of Gatechain, the exchange’s proprietary blockchain set for launch in Q4. Exchange tokens have jumped by 150 percent in Q1. 

IBM’s Food Trust has signed on Nestle and Carrefour, who are now letting consumers access product data via IBM’s platform. They will begin tracking the Mousline line of instant mashed potato from Nestle’s factory to Carrefour’s stores by scanning a QR code.

Mitsubishi UFJ Financial Group (MUFG), Japan’s largest bank, has backed an additional $6 million Series B round for crypto investigation startup Chainalysis. 

Cryptocurrencies

Bitcoin Cash $312.39 USD (-1.26 percent) is being delisted by Japanese financial services giant SBI Holdings from its virtual currency exchange in June 2019. The move comes amid controversy surrounding BSV with several exchanges delisting the hard fork.

Ethereum $166.70 USD (2.07 percent): Ernst and Young (EY) is rolling out free software designed to help corporate clients use the Ethereum blockchain. EY’s over 200 blockchain developers have been working on the protocol for over a year and will be published in May. Dubbed Nightfall, the protocol will streamline supply chains, food tracing, transactions and public finance. Surprisingly, EY’s software will run on top of the public Ethereum network, not a private variant and without any licensing. “We want to maximize adoption and community involvement,” EY’s global innovation leader for blockchain, Paul Brody, explained.

Ripple $0.324013 USD (0.72 percent) launched a new corridor from Saudi Arabia to India.

Tezos $1.23 USD (12.83 percent) has spiked over 10 percent after Bruno Le Maire, France’s Minister of Finance, projected Tezos’ blockchain as superior. This comes as French regulators are taking the lead in the European Union after announcing new legislation that officially recognizes crypto, whilst encouraging adoption. 

VeChain $0.006981 USD (1.74 percent) is partnering with a Norwegian food distributor, Norway-in-a-box, to allow customers to track and verify products. Norwegian seafood will be the first batch of products integrated into the shopping platform.

– WN.com, Jamie Saarloos



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