Cryptocurrency Daily News Bulletin: April 25 2019

April 25, 2019 12:59 pm Published by

General News

Sumitomo Mitsui Banking Corporation (SMBC), Japan’s third-largest bank by AUM, will launch blockchain-based trade finance services for import-export companies in the second half of this year. SMBC will be using the Marco Polo network – built on R3’s Corda platform – which saw its first real-world transactions going live last month.

China’s State Administration of Foreign Exchange (SAFE) has developed a blockchain system aimed to address inefficiencies in cross-border trade finance. SAFE will now pilot the platform across China’s major cities, with many major banks involved in the scheme.

France’s Autorité des Marchés Financiers (AMF) have established new crypto law granting blockchain-related projects that opt to being regulated the right to a bank account. There’s also an optional “visa” for ICO projects and crypto services providers. France’s $2.5 trillion worth of insurance funds now have greater freedom to take on more exposure to crypto.

Cryptocurrencies

Bitcoin $5,486.00 USD (0.13 percent) is now accepted at more than 2,000 locations in 19 different states with supermarket kiosk chain Coinstar expanding their partnership with blockchain startup Coinme. They offer individuals the ability to convert cash into BTC, with machines now available at Albertsons, Safeway, Jewel, Shaw’s and Save Mart locations. This follows Coinstar reporting a 109 percent growth in the number of transactions. 

Brave $0.425811 USD (4.47 percent) users can finally gain rewards for web browsing – a promise made during their 2017 ICO. 70 percent of the money companies spend on ads will go to users and the rest is kept by Brave. Funds will be paid out to users’ wallets via Brave’s BAT. Brave Ads goes live today with notable ad inventory suppliers including Vice, Home Chef, ConsenSys, eToro, TAP Network, AirSwap, Uphold, amongst many others. TAP alone brings more than 250,000 partner merchants and brands to the new platform.

Ethereum $164.47 USD (-0.50 percent) Foundation is collaborating with Protocol Labs. They will work to build a Verifiable Delay Function (VDF), an emerging cryptographic algorithm that could help protect blockchains from manipulation strategies and attacks.

Ripple $0.300725 USD (-0.40 percent) has reported a 31 percent increase in sales of XRP in Q1 2019. They sold $169.42 million in XRP with direct institutional sales of XRP totalling $61.93 million – 54 percent more than the previous quarter. Programmatic sales grew 21 percent. However, total volume of XRP traded globally decreased by about 2 percent to reach $53.85 billion compared to $54.82 billion in Q4 of last year.

Stellar $0.103386 USD (-1.00 percent) are implementing a core protocol update that includes stability and performance improvements, and changes to network fees.

Tron’s $0.023882 USD (2.49 percent) technical director Marcus Zhao offered new details on the newly announced Sun Network. The layer-two scaling solution is expected to power a tokenized rewards system on BitTorrent – improving the number of transactions per second as well as the smart contract execution efficiency of the Tron network. Meanwhile, Justin Sun has hinted at a potential partnership with Liverpool F.C. in a tweet.

TrustToken $1.01 USD (0.42 percent) has just launched a new Australian dollar stablecoin, TrueAUD, adding to their TrueUSD and True GBP. They will also be launching TrueCAD and TrueHKD in Q2, along with TrueEuro in Q3. TrustToken is unique as they show real-time reserve balances, offering full transparency across their stablecoin offerings. 

– WN.com, Jamie Saarloos



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