Daily Cryptocurrency Bulletin For Wednesday, July 10, 2019

July 10, 2019 2:05 pm Published by

General News

Binance has launched Binance Singapore, a new fiat on-ramp, following Binance Uganda and Binance Jersey. The new exchange enables the trading of crypto in Singapore Dollars.

Coinbase is in talks to set up its own regulated insurance company with the help of insurance broker giant Aon. Aon has begun establishing captive companies in the Cayman Islands, working with a handful of cryptocurrency firms. They believe the captive structure can help crypto firms get access to additional coverage at more reasonable prices.

Diginex, the blockchain solutions and consultancy firm, may soon go public through a merger with Nasdaq-listed firm 8i Enterprises Acquisition Corp. The reverse IPO would see Hong Kong-based Diginex valued at around $276 million. 

Facebook blockchain lead David Marcus told U.S. lawmakers the Libra project will not enable access to personal financial information in a letter sent to the Senate Banking Committee and the House Financial Services Committee. Meanwhile, Facebook announced current regulatory restrictions mean it will not be launching in India.

Goldman Sachs is looking for an executive to join their team to develope “comprehensive road maps for DLT” that will “play an integral role in helping define both the scope and direction of the business”. The listing comes as CEO David Solomon announced his bank could “absolutely” follow JP Morgan Chase in launching a cryptocurrency.

LG have partnered with IT service provider SayIT to track food being served in Korean school cafeterias. They have also filed a trademark application for an electronic wallet.

tZERO has announced a partnership with film production and financing company Vision Tree to tokenize a movie. “Atari: Fistful of Quarters” will be the first motion picture to be securitized to raise as much as $40 million for a biopic of Atari founder Nolan Bushnell.

Uber has partnered with blockchain technology firm Solve.Care to transform how patients and healthcare professionals manage medical appointments. Uber Health, a technology solution for healthcare organizations to manage rides, will integrate with Solve.Care’s wallet.

Cryptocurrencies 

Ethereum $309.41 USD (-1.12 percent): Samsung is releasing a beta version of a new software development kit designed to help build Ethereum-based decentralized apps on its latest line of Galaxy smartphones. Meanwhile, a new trading platform for Ethereum security tokens has launched with backing from Singapore’s exchange and technical support from ConsenSys. The 1X platform has gone live with its first listing of an Ethereum token, purchasable with Singapore dollars. The token represents 7 percent of the shares of a Singapore fund manager called Aggregate Asset Management (AAM). 

MakerDAO $735.75 USD (-0.50 percent) has seen a huge uptick in loans in ETH growing with the bull market. The fifth-largest loan position in the MakerDAO system minted 1 million new DAI tokens. The transaction fee on the $996,216 loan was 73 cents.

Ripple $735.75 USD (-0.50 percent) has support from Bitpanda for XRP at the launch of its global exchange next month – paired against the Euro.

Tron TRX $0.033805 USD (-2.47 percent) and BitTorrent have been listed by London-based crypto exchange CEX.io following the official launch of BitTorrent Speed today.

– WN.com, Jamie Saarloos



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