Blockchain Market Update – January 31, 2019

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February 1, 2019 by
Blockchain Market Update – January 31, 2019

Wikipedia: Starts accepting donations via BitPay crypto payment system; now accepting BTC and BCH—Project Development

FidelityFinancial giant reportedly plans to launch BTC custody service for Institutional investors in March. Bloomberg cites three people with knowledge on matter who say custody for ETH will follow. Fidelity says already offered crypto custody to select group of customers ahead of official rollout—Financial Institution

SWIFTGlobal banking payments network intends to integrate technology from R3, DLT provider behind Corda platform, as announced by SWIFT CEO Gottfried Leibbrandt at Paris Fintech Forum. In December, R3 launched Corda Settler, an application aimed to facilitate global cryptocurrency payments within enterprise blockchains and which would use Ripple’s XRP to start—Financial Institution

RussiaMinistry of Education and Science introduced blockchain-enabled platform for tracking natural diamonds. Tracking technology claims to guarantee authenticity of diamond products across all supply chain, from extraction, polishing, and final owner—Project Development

Genesis CapitalCrypto loans firm says it processed more than $1.1B in lends and borrows in 2018. In last 3 months of 2018, they have more than doubled their loan originations compared to previous 6 months—Other

IranMohammad-Reza Modoudi, acting head of Iran’s Trade Promotion Organization, says Iran was negotiating use of cryptocurrency in its financial transactions with eight countries. Representatives from Switzerland, South Africa, France, England, Russia, Austria, Germany and Bosnia have visited Iran to hold related talks on matter. Modoudi expresses hope that Iran is capable of luring foreign investors—Other

NEO: Details of much-awaited 3.0 upgrade will be announced in Feb. during NEO DevCon in Seattle. Erik Zhang, co-founder and NEO’s original core developer, promises to reveal details about upgrade to smart economy platform, most notably for large-scale commercial use—Project Development

LINEJapanese messaging app partners with Japanese financial giant Nomura Holdings to form a blockchain alliance. Nomura, which provides investment, financing and related services to individual, institutional and government customers, LINE and LVC Corporation, which oversees Messenger’s digital asset and blockchain business units, will sign a formal contract by the end of March 2019—Project Development

BitcoinTokenized BTC launches on Ethereum, with 8 merchants accepting BTC to convert into WBTC, or wrapped Bitcoin. 8 merchants are AirSwap, Dharma, ETHfinex, GOPAX, Kyber Network, Prycto, Ren, and Set Protocol. WBTC is an ERC20 coin backed by 1 BTC, akin to a stablecoin—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)
Ethereum (ETH)
Bitcoin Cash (BCH)
Litecoin (LTC)
Cardano (ADA)
Dash (DASH)
Monero (XMR)
Stellar (XLM)
Bitcoin Gold (BTG)
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