Blockchain Market Update – February 26, 2019

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February 26, 2019 by
Blockchain Market Update – February 26, 2019

Coinbase: To begin accepting inbound transfers of XRP to Coinbase Pro after 10am PT on February 25, 2019 for a minimum of 12 hours prior to enabling full trading. To start, XRP is not available on or via its mobile apps—Exchange

PanteraRaised $125 million in on-going third round of funding. $175 million funding round is expected to close in March—Other

BitfinexStolen funds were partially recovered and returned by U.S. law enforcement. Funds returned are reportedly 27.7 BTC, which were stolen on Aug. 2016 in hack that involved around 120,000 BTC—Exchange

Brazil: BTG Pactual to launch security token with initial offering expected to raise $15 million. Token called ReitBZ will be backed by Brazil’s distressed real estate assets. Following purchase, a bank-owned asset manager Enforce will provide investors with regular dividends from assets. Partnering with Gemini Trust Company to utilize Gemini dollar to receive capital and distribute dividends—Financial Institution

Eurex: Derivatives exchange operated by Germany’s Deutsche Börse to launch new futures contracts tied to bitcoin, ether, and XRP imminently—Financial Institution

Facebook: Mark Zuckerberg considering putting Facebook’s login process on a blockchain, although still hasn’t determined way to do it. He claimed blockchain-based identity verification would give users a better opportunity to govern their own data, especially when providing access to third-party apps. Such a “fully distributed” system would likely replace Facebook’s single sign-on application, Facebook Connect—Other

RussiaState Duma is reportedly planning to review and adopt cryptocurrency to facilitate creation of oil-backed cryptocurrency. Former Energy Minister, Igor Yusufov, states that one of the first notable crypto projects is one made by Energia Corporation to make an oil-backed crypto—Other

Samsung: Posted product listing page for Samsung Galaxy S10 that shows screenshot from phone’s “Samsung Blockchain Keystore” as well as one from Enjin cryptocurrency wallet. Also presented COSMEE, a blockchain-based beauty social media platform built on CosmoChain, as its first dApp partner—Project Development

Coinbin: Filed for bankruptcy and reported losses of more than $26 million. Firm’s most recent woes are tied to embezzled funds and rise in debt following employee’s embezzlement—Exchange

Thailand: National Legislative Assembly has reportedly approved an amendment to existing Securities and Exchange Act. According to amendment, rights and obligations which are associated with digital token, subject of the STO, will determine whether or not it will be regulated under Securities and Exchange Act and Royal Decree on Digital Assets, paving way for securities issuance and tokenised securities via blockchain technology—Regulation

IndiaSupreme Court of India has given Union of India 4 weeks as their last opportunity to come up with cryptocurrency regulations. These regulations made by Union of India will be evaluated by Indian gov’t and the court, following which mutual decisions will be made—Regulation

“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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