Cryptocurrency Daily News Bulletin: April 23 2019

April 23, 2019 12:41 pm Published by

General News

Argo Blockchain, the crypto mining firm that listed on the London Stock Exchange (LSE) last summer, has revealed oil tycoon Frank Timis – twice convicted for possession of heroin with intent to supply – as their biggest shareholder. According to a Daily Mail report, Timis’ involvement with the firm was revealed after he moved behind the scenes to oust two board members at the firm following the firm’s value plummeting £15million since its IPO.

Bakkt’s proposal continues to hit stumbling blocks as CFTC Chairman Christopher Giancarlo reveals the problem is their plan to custody real bitcoin and clear trades through its parent company’s clearinghouse. ICE is not a state-regulated custodian so would require an exemption to the rules. Bakkt is now seeking licensing in New York for custodianship.

Binance’s decentralized exchange (DEX) has gone live ahead of its planned schedule. Users can now create wallets on Binance DEX with trading to follow this week.

Coinbase is shutting down its political action committee (PAC) without ever raising a cent.

Disney has been offered a controlling stake in NXC, the parent company of South Korea’s biggest video game developer Nexon. Notably, NXC owns two major cryptocurrency exchanges: Bitstamp and Korbit. NXC is also fielding bids from Tencent and Kakao.

JPMorgan Chase is expanding its blockchain-based Interbank Information Network (IIN), which allows its more than 220 banking members to address payments that contain errors. John Hunter, head of global clearing, said the IIN is fast developing and has a new feature that allows for real-time verification of a transaction being sent to a valid account. The settlement system will be live in by Q3 2019 and uses JPM Coin built on their Quorum platform.

Cryptocurrencies

Bitcoin’s $5,574.99 USD (4.70 percent) price extended its recent gains today, spiking above $5,500 for the first time in more than five months.

MONA $1.11 USD (2.02 percent): Japanese cryptocurrency exchange Zaif, which was hacked for about $60 million last year, have signed over its business to publicly listed Japanese investment firm Fisco. Registration of new members has been suspended since the hack, whilst tradingof the native MONA coin has been on hold since October 10, 2018. Those services have been reinstated today.

Moon $0.000013 USD (4.11 percent), the crypto payment processing startup,now enables Bitcoin users to use lightning network to shop at e-commerce sites like Amazon. Any lightning-enabled wallet can now also be used through Moon’s browser extension. Moon integrated with Visa and Mastercard networks, getting a commission on transactions.

Ripple $0.326267 USD (-0.08 percent): XRPL Labs announced plans to obtain a fiat-to-crypto license, a crypto custody license and a European banking license in a push to bridge the gap between cash and XRP. The licenses would allow the company to offer its line of products on a large scale and meet KYC and AML requirements. Meanwhile, Brazilian payments startup BeeTech Global says it’s using xCurrent to power remittances in the Euro Zone, and plans to expand its use to the US and Canada.

Tron $0.025202 USD (-0.48 percent) Foundation has released a new app for the Ledger Nano S and the Ledger Blue hardware wallets to support TRC20 tokens.

– WN.com, Jamie Saarloos



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