Blockchain Market Update – January 24, 2019

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January 24, 2019 by
Blockchain Market Update – January 24, 2019

Nasdaq: Enterprise blockchain startup Symbiont closed $20 million Series-B funding round led by Nasdaq Ventures with participation from Galaxy Digital, Citi, Raptor Group and others. Nasdaq was planning to develop platform where companies can conduct sale of security tokens, and was in talks for some time with blockchain startup Symbiont for its institutional blockchain solutions that will be used to both issue and trade crypto security tokens—Project Development

VanEck: Proposal to list Bitcoin exchange-traded fund on the Cboe BZX Exchange was withdrawn and the ongoing shutdown of U.S. government appears to be to blame. Jan van Eck, CEO of VanEck, indicated that impact of U.S. government’s shutdown on Securities and Exchange Commission hampered process between regulators and those seeking the ETF’s approval, saying “…instead of trying to slip through, we had the application pulled and will re-file and re-engage in discussions when the SEC gets going again”—Financial Institution

ABN-AMRODutch bank trials bitcoin wallet where bank holds private keys, unveiling cryptocurrency storage facilities which will allow clients to deposit Bitcoin alongside fiat currency—Financial Institution

New Hamsphire: Pair of New Hampshire lawmakers filed bill this month that, if approved, would let state-level agencies accept cryptocurrencies as payment, including state’s tax office. Representatives Dennis Acton and Michael Yakubovich introduced House Bill 470, which seeks to require New Hampshire’s state agencies accept cryptocurrencies for taxes and other fees through third-party entity. If passed, bill would give state treasurer until Nov 1, 2019, to develop plan for agencies to begin integrating such payments—Other

Telegram: Plans to launch mainnet and token for blockchain-based Telegram Open Network (TON) platform as early as March 2019. Telegram, which reportedly counts 200+ million active users per month, raised almost $1.7 billion in two private ICO rounds last year for forthcoming platform—Project Development 

Anchor LabsLaunched custodial service for institutions that it claims is more secure than cold storage yet offers easier access to assets. Previously raised $17 million in series A round backed by Andreessen Horowitz, Max Levchin, Khosla Ventures, Blackrock’s Mark McCombe, and Naval Ravikant. Announced launch of Anchorage, a digital asset custodian, saying it can deliver “all the benefits of asset accessibility,” which include capturing yield from staking crypto, voting, confirming proof of existence and faster transactions—Project Development

Binance: Announced opening of OTC trading desk to provide additional liquidity for high-volume users. New service will be crypto-to-crypto and will allow Binance users to trade large amounts of numerous cryptocurrencies on exchange, with transactions being settled directly on their Binance accounts—Exchange

Bitfury: Released suite of business and development tools for Bitcoin’s lightning network. Bitfury announced comprehensive product list to support the tech, including an open-source lightning wallet and hardware and software tools for merchants and payment processors to accept payments. It also released developer tools and a public lightning network node called “The Peach” to let Bitcoin users open or create payment channels—Project Development

Bitdeer: Announces launch of its Russian site alongside partnership with largest crypto exchange in Russia and Eastern Europe, EXMO. New partnership enables BitDeer and EXMO to provide new users opportunity to participate in mining of cryptocurrency without need for technical acumen or investing into server infrastructure—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.

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