Blockchain Market Update – March 12, 2019

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March 12, 2019 by
Blockchain Market Update – March 12, 2019

eToro – Announced on Monday (March 11) that its eToro Wallet mobile App is now allowing users to buy cryptocurrency with fiat. According to eToro, all cryptoassets available in the eToro Wallet (currently Bitcoin, Ethereum, Bitcoin Cash, Litecoin, and XRP) may now be purchased directly in the wallet App using a credit or debit card (Visa, including Visa Electron and Visa Plus, MasterCard, Maestro, and Cirrus). At present purchases can be made in euros or pounds sterling.

Trezor – Prague-based crypto wallet manufacturer has responded to а report about hardware vulnerabilities from its competitor Ledger on Tuesday, March 12. Trezor claims that none of the weaknesses revealed by Ledger in a detailed report on March 10, are critical for hardware wallets. As per Trezor, none of them can be exploited remotely, as the attacks described require “physical access to the device”.

Saudi Arabia – is currently testing blockchain technology, which could be used in tracking quality in oil and gas industry, Saudi Aramco’s Chief Technology Officer, Ahmad Khowaiter, told Sputnik on March 12. “There are a lot of challenges in identifying sources of production and also for tracking quality, in which we think there is an opportunity to utilize blockchain. We are interested in it, we are testing it in some applications,” Khowaiter said on the sidelines of the CERAWeek conference in Houston, Texas.

Bitcoin – On March 11, the 30-day historical volatility of the BTC/USD pair fell to its lowest level since November 14, data provided by cryptocurrency prime dealer SFOX shows. “Over the past months, we’ve generally observed tight range-bound trading with very short spikes in both volatility and price to both the upside and downside,” said Danny Kim, SFOX’s head of growth.

Finturi – Dutch blockchain startup, has secured 2 million euro ($2.2 million) to enable businesses to secure loans against invoices via blockchain tech, the company tweeted on March 12. Founded in September 2018, Finturi aims to help businesses finance invoices by linking them with financiers to borrow money against invoices, using blockchain and artificial intelligence (AI), according to a report by startup-focused publication on March 11.

Starbucks – As previously reported, Starbucks has received equity in Bakkt, and will in return install software on its stores this year to allow patrons to pay using BTC. Currently, the US sees cryptocurrencies as property, and every transaction has to be logged, whether it’s a large or a small one. This means that every transaction of BTC triggering a “taxable event”, which will lead to, as senior research fellow at the nonprofit research and advocacy group Coin Center James Foust put it, an “extremely burdensome” situation for tax purposes.

Shuttle – New York investment firm, will launch the beta version of a custody solution for digital assets built on IBM’s private cloud and encryption technologies. The companies won’t be storing cryptocurrencies and tokens themselves, but offering tools for others to do so. Potential users include banks, brokers, custodians, funds, family offices and high net worth investors who want to do self-custody, as well as exchanges, Brad Chun, Shuttle’s chief investment officer, told CoinDesk.

Binance – The crypto exchange’s official wallet, Trust Wallet, now lets users buy cryptos with credit cards. Trust Wallet users can now, therefore, purchase XRP, Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC) and Ether (ETH) with “major” credit and debit cards. The announcement did not specify which cards are supported or other details such as fees.

“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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