Daily Cryptocurrency Bulletin For Thursday, August 1, 2019

August 1, 2019 3:07 pm Published by

General News

Dubai International Financial Centre (DIFC), Mashreq Bank and fintech firm Norbloc have formed a partnership to launch a blockchain-based KYC data-sharing consortium in 2020.

LedgerX has announced it has launched the first physically-settled Bitcoin futures contracts in the U.S, beating the Intercontinental Exchange’s Bakkt and TD Ameritrade-backed ErisX to the punch. The contracts, which pay traders out in Bitcoin rather than U.S. dollars, will be available to both institutional and retail investors. Customers can also deposit Bitcoin, rather than dollars, when buying a contract, accommodating “Bitcoin-in and Bitcoin-out” contracts.

LAB577, a startup led by a team of former Royal Bank of Scotland engineers, is bringing trading and settlement of digital assets to a private blockchain network for enterprise. The Digital Asset Shared Ledger (DASL) is built on the Corda Network and is already live with a few big banks, settling Ethereum and British pounds bilaterally in a closed environment.

The National Basketball Association (NBA) and Dapper Labs are teaming up to launch a digital platform for blockchain-based collectables, NBA Top Shot. Fans can acquire players, build rosters and trade digital collectables to be used for on-chain games or tournaments. Dapper Labs, creator of CryptoKitties, announced the game will go live early 2020. 

Seagate, the data storage giant, has extended its blockchain-based product tracking trial work with IBM to the pilot stage to assess the live platform after receiving approval.

S7 Airlines, a member of major global aviation alliance Oneworld and Russia’s largest domestic airline, processedover $1 million through its blockchain payment system for the month of July. S7 has seen significant growth in transactions on its blockchain-powered sales network developed in partnership with Russia’s largest private bank, Alfa-Bank.

Cryptocurrencies 

Alta, a new stablecoin project for the marijuana industry, has been accepted into Arizona’s Attorney Generals Office, the seventh startup to join to date. Current federal regulations prohibit bank involvement with the marijuana industry, leaving businesses searching for alternatives. State Representative Jeff Weninger, has welcomed Alta to the program, noting the “huge potential for stablecoin technology in cash-intensive businesses.”

Bitcoin $9,945.46 USD (1.87 percent): Online travel agency CheapAir.com and web portal Bitcoin.com are partneringto serve crypto travellers. More than four million Bitcoin.com Wallet users can now access CheapAir’s online booking engine from their mobile app, allowing them to pay for flights and hotels around the world in BTC and BCH. Meanwhile, Bitcoin has reached a new milestone with 85% of its supply in circulation, leaving just 3.15 million new coins for the next 120 years. May 2020 will see the next halving in miner payouts.

EOS $4.28 USD (0.60 percent) continues to lead China’s Center for Information and Industry Development (CCID) crypto ratings index, followed by Ethereum and Tron. This list highlight’s China’s continued hard line between blockchain and cryptocurrency, with pure currencies Bitcoin being placed at number 11, XRP at 30 and Litecoin at 33. 

Litecoin $96.39 USD (3.79 percent) continues to see gains with its halving event five days away now. The mining reward of 25 LTC per block will drop to 12.5 on Aug. 5.

Tezos $1.25 USD (1.44 percent) has gained support from Huobi’s wallet, which has added XTZ native tokens and baking – its Proof of Stake (PoS) staking counterpart. 

– WN.com, Jamie Saarloos



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