Blockchain Market Update – February 28, 2019

Home » Blockchain » Blockchain Market Update – February 28, 2019
February 28, 2019 by
Blockchain Market Update – February 28, 2019

RussiaPresident Vladimir Putin issued deadline for gov’t to adopt regulations for digital assets industry by July 1 according to instructions for the Federal Assembly in the form of document published on official website of the President of Russia, Kremlin.ru. Council of the Federation of Russia and Federal Assembly of Russia are required to adopt the regulation during spring session of 2019—Regulation

Pangea Blockchain FundLaunches after closing $22M seed round. Pangea’s aim is to focus on commercial and industrial applications of blockchain technology, with no plans to invest in cryptocurrency. Notable investors include Roger Ver and Copernicus Asset Management, a Swiss firm regulated by Switzerland’s FINMA. Copernicus is also acting as investment manager for the fund—Project Development

NivauraCapital market blockchain startup raises $20M after closing its second seed extension round led by London Stock Exchange Group. Nivaura hopes to use public blockchains to automate entire life cycle of issuance of financial instruments like bonds, equities, and derivatives, so corporations can do a self-service issuance—Project Development

CoinomiUser revealed what he claims is vulnerability in crypto wallet Coinomi that has seen more than 500,000 downloads, stating “when you restore the seed (password that “unlocks” your private key), this seed is sent to Google in plaintext.” Coinomi refuted story, saying this only affected restoring seeds on desktops, not mobile. Even then, the request to Google API was encrypted and was actually a bad request, never processed by Google at all—Other

Mizuho Financial GroupWill launch digital currency service March 1, leveraging direct links to users’ bank accounts to fight off outside players in market for cashless payments. Teaming up with 60 fellow financial institutions spanning most of country, which together host a combined 56 million user accounts which serve directly as digital wallets on the J-Coin Pay platform. Convenience store FamilyMart is considering signing on, as are electronics retailer Bic Camera and East Japan Railway—Financial Institution

Coin MetricsBlockchain data startup closed a $1.9M seed round with Fidelity Investments, Highland Capital Partners  and Dragonfly Capital. Coin Metrics also released its first suite of commercial products for institutions seeking customized research reports—Project Development

PolymathTeamed with Loopring to trial peer-to-peer trading of security tokens on decentralized exchange. Polymath said that successful tests which used smart contracts on Loopring’s DEX protocol demonstrated that only authorized trades of ST-20 security tokens were able to execute, while unauthorized trades could not. ST-20 security token standard created by Polymath introduces ability to restrict transfers of blockchain tokens and can only be held and traded if certain criteria are met. Demonstrates that security tokens can be traded in a compliant manner, even on decentralized exchanges—Project Development

Terra: Announced strategic investment from Kakao Venture, an early-stage VC and independent subsidiary of South Korea’s internet giant, Kakao. Kakao Ventures will help accelerate development and mainstream usage of Terra’s blockchain payment solution—Project Development

Defi Pulse: Shows close to $320M ETH is currently locked in various smart contracts that provide numerous functions like collateralized crypto lending, decentralized betting, or more scalable crypto payment systems. $288M in ETH is currently locked in Maker alone—Other

IconloopFirm developing blockchain project ICON has denied claims it’s planning to hold initial public offering. A report from local media outlet Pulse News cited “an investment banking industry source” as saying that ICONLOOP is planning to list on Korea Exchange by early next year and that it has selected brokerage firm Mirae Asset Daewoo Co. as lead manager. ICONLOOP CEO Jonghyup Kim claimed that news is “not true at all”—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)
$9,775.10
Ethereum (ETH)
$215.34
Bitcoin Cash (BCH)
$300.45
XRP (XRP)
$0.317945
Litecoin (LTC)
$91.57
Cardano (ADA)
$0.057434
IOTA (MIOTA)
$0.290389
Dash (DASH)
$106.88
NEM (XEM)
$0.065131
Monero (XMR)
$78.87
Stellar (XLM)
$0.083068
EOS (EOS)
$3.98
TRON (TRX)
$0.023499
Bitcoin Gold (BTG)
$27.38
© Copyright 2018. HybridBlock News.