Blockchain Market Update – February 22, 2019

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February 22, 2019 by
Blockchain Market Update – February 22, 2019

Hong KongWill issue virtual banking licence to 6 operators in coming weeks, including Tencent’s payment platform Tenpay, Ant Financial, Xiaomi, Standard Chartered, Hong Kong Telecom, Zhong An, and China CITIC Bank—Regulation

Bity, MEWCrypto finance platform and Ethereum wallet provider reveal plans for crypto-to-fiat withdrawal platform that doesn’t require users to pass KYC checks. Both claim that despite lack of KYC, platform is fully compliant to regulation. Instead of providing personal information, users will undergo process to verify proof of wallet ownership—Project Development

Brian ArmstrongCoinbase CEO notes that storing large amount of crypto in hot wallet is dangerous, as users will have to rely on security measures of hot wallet provider. These can introduce factors that are beyond users’ control, because operating environments can be compromised—Other

Banco BTG PactualBrazilian investment bank is planning to raise $15M through STO. Blockchain-based tokens will be backed with distressed Brazilian real estate assets. After sale, plans are in place to establish a secondary market to provide liquidity to the tokens—Financial Institution

CommerzbankBanking and financial services company, in partnership with technology companies Continental and Siemens, have jointly conducted money market security transaction pilot using blockchain technology—Project Development

ExmoCrypto trading platform in Eastern Europe has recently registered a subsidiary in Turkey, and is currently setting up an office in Istanbul, the financial capital of the country—Exchange

EurexDerivatives exchange operated by Germany’s Deutsche Börse is in works to launch new futures contracts tied to Bitcoin, Ether, and XRP. This follows moves of number of U.S.-based exchange operators, including CME and Cboe Global Markets, who have launched their own Bitcoin futures markets—Project Development

CertiKTechnology pioneer in blockchain security and auditing has joined the Universal Protocol Alliance, a coalition of leading blockchain organizations that aims to set a reserve standard to help add number of users to cryptocurrency. CertiK’s addition to the alliance would see them lend expertise in auditing a host of tokens to be launched on the Universal Protocol Platform—Other

“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.

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