Blockchain Market Update – February 1, 2019

Home » Blockchain » Blockchain Market Update – February 1, 2019
February 1, 2019 by
Blockchain Market Update – February 1, 2019

BinanceNow allows payment for crypto using Visa and MasterCard credit cards through their partnership with Israel-based payments processing firm Simplex. At launch, Binance supports credit card purchase for BTC, ETH, LTC, and XRP. These can then be traded against 151 other tokens offered in Binance—Exchange

South Korea: Financial Supervisory Service published result of recent ICO survey conducted between Sept-Nov 2018, targeting 24 ICO projects. Results conclude enterprises register in foreign countries, then market and develop from Korea due to ICO ban and information on company introductions, team members and financial reports are unclear, misleading, or overstated. Gov’t thus maintains it is necessary to ban ICOs to prevent excessive speculation—Regulation

NEM Foundation: Community-funded non-profit established to promote NEM blockchain is planning layoffs across its 150-person staff following severe budget cuts and ahead of imminent restructuring. Newly-elected president Alex Tinsman says NEM Foundation intends to submit a 2019 funding request to NEM community fund for 160M tokens that would be used to rescue organization from bankruptcy—Other

NasdaqUnveiled its onboarding process for BTC exchanges  looking to use its proprietary surveillance tools as part of efforts to combat wash trading and other forms of market manipulation. Nasdaq has team of 20 people conducting due-diligence checks on Bitcoin exchanges that want to start using company’s trading surveillance technology. So far, 7 crypto exchanges have passed Nasdaq’s test, though only 2 have been publicized (Gemini and SBI)—Financial Institution

CboeResubmitted joint proposal with VanEck and SolidX to SEC, which would allow Cboe BZX Exchange to list shares of Bitcoin ETF trust if approved—Regulation

New YorkNew York Department of Financial Services announced another Bitcoin ATM operator has received one of NY’s coveted BitLicences: Cottonwood Vending LLC was granted a virtual currency licence, joining a select group of less than 20 crypto companies to receive regulatory approval within NY—Regulation

Axel SpringerLargest digital publishing house in EU is launching pilot scheme to allow users to pay news outlets in crypto via SatoshiPay wallet. Move could help revive online journalism after month of mass layoffs and poor revenue streams at newsrooms—Project Development

IranGold-backed cryptocurrency named Peyman was launched by four partner banks and Ghoghnoos Company. Parsian Bank, Bank Pasargad, Bank Melli Iran, and Bank Mellat are the four partner banks. Iran Fara Bourse, an over-the-counter exchange, is also expected to host the Peyman—Project Development

Pantera: Leading a $4.5 million seed round in Staked, a startup that provides institutional investors with technical infrastructure for non-custodial staking services. Other participants in the round include Coinbase Ventures, Global Brain, Digital Currency Group, Winklevoss Capital, Fabric Ventures and Blocktree Capital—Project Development

BxB Inc.: Launches KRWb, a 1:1 Korean won-backed stablecoin aimed to provide greater liquidity to crypto exchanges and global accessibility of value transfers in and out of South Korea—Project Development

“B2B reporter – Content Manager – Contributor – Fintech – Blockchain – Cryptocurrency”

Simon Chou is a B2B reporter and content manager specializing in technology and finance. He has worked with many clients in the fintech and blockchain space. He holds investment positions in bitcoin and other large-cap cryptocurrencies, and has been reporting on cryptocurrency since 2017. Currently, Simon is the content manager for a major cryptocurrency exchange @HybridBlockHQ.

Name Price
Bitcoin (BTC)
$5,559.30
Ethereum (ETH)
$175.32
Bitcoin Cash (BCH)
$304.17
XRP (XRP)
$0.326840
Litecoin (LTC)
$78.63
Cardano (ADA)
$0.080044
IOTA (MIOTA)
$0.312151
Dash (DASH)
$123.77
NEM (XEM)
$0.064740
Monero (XMR)
$69.76
Stellar (XLM)
$0.114333
EOS (EOS)
$5.34
TRON (TRX)
$0.025289
Bitcoin Gold (BTG)
$17.26
© Copyright 2018. HybridBlock News.