Daily Cryptocurrency Bulletin For Tuesday, June 18, 2019

June 18, 2019 1:01 pm Published by

General News

Facebook has announced its Libra white paper. It includes a new Facebook subsidiary, Calibra, and an independent consortium, Libra Association, with 28 founding members including Visa, Mastercard, PayPal, Uber, Lyft, Coinbase and others. “The central goal here really is financial inclusion.” Calibra will be building a digital wallet for Libra coin and is now working to acquire money transmitter licenses in U.S. states “that treat cryptocurrencies as the equivalent of money.” The Libra blockchain is expected to launch sometime next year.

R3 and Digital Asset (DA), two of the largest private platforms, are now collaborating to maximize their respective blockchain ecosystems. DA will be bringing its smart contract language DAML (Digital Asset Modelling Language) to R3’s Corda and Hyperledger Fabric. 

Samsung says the firm will seek to collaborate with platform companies on the development of blockchain, artificial intelligence and sixth-generation mobile networks.

Russia’s central bank head, Chairwoman Elvira Nabiullina, has said the institution could one day launch its own digital currency and are investigating its possibility. 

Wyoming’s Teton County is the first in the US to register land titles on a blockchain-based platform, according to an announcement from Overstock.com. The e-commerce retailer says its blockchain subsidiary Medici Land Governance (MLG) has recorded land records that include warranty deeds, mortgages, release of liens and other similar documents.

Cryptocurrencies

Bitcoin $9,224.16 USD (-0.29 percent) futures are now being offered by UK-based interdealer broker TP ICAP. TP ICAP also expects to add non-deliverable forwards tied to bitcoin and plans to open desks in Asia and the US. Bloomberg claims the company took the decision due to a decrease of its core business model that relied on bank trades. Meanwhile, JPMorgan Chase (JPM) thinks the Bitcoin (BTC) industry has changed considerably since 2017, citing an increase in institutional interest. 

Cardano’s $0.090325 USD (-2.94 percent) Input Output Hong Kong (IOHK) has signed a memorandum of understanding (MoU) with the government of Georgia to implement blockchain-enabled projects across business, education and government services.

Ethereum $0.090325 USD (-2.94 percent) blockchain is being used by Alior Bank, a bank based in Poland, to authenticate its clients’ documents.

Ripple $0.440009 USD (1.76 percent) has struck a deal to buy a stake in money transfer giant MoneyGram. Ripple will spend $30 million to buy shares at a price of $4.10 apiece – 3 times current market value –and in the next two years, MoneyGram has the option to sell an additional $20 million worth of shares to Ripple at the same price. Notably, the deal will see MoneyGram utilizing XRP as part of its day-to-day operations through Ripple’s xRapid. MoneyGram said it was piloting the token back in January 2018.

Zcash $106.12 USD (9.39 percent) Foundation has partnered with blockchain company Parity Technologies to release a new, open source software client for the cryptocurrency Zcash. Dubbed Zebra, the software exists to provide redundancy in the case of its first client — Zcashd — failing. Zcash hopes this will provide better security for its crypto network. 

– WN.com, Jamie Saarloos



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