Blockchain Market Update – March 6, 2019

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March 6, 2019 by
Blockchain Market Update – March 6, 2019

BlockfiLending startup BlockFi said that BlockFi Interest Account (BIA) is now live and offers customers an annual interest rate of 6 percent, paid on monthly basis in cryptocurrency. That monthly interest is then compounded to produce a 6.2 percent APY—Project Development

SIX Swiss ExchangeSwitzerland’s primary stock exchange launched trading of ETH-based exchange traded product (ETP). Backed by Swiss startup Amun AG, the new ETP will be trading under index AETH, with management fees of 2.5%—Financial Institution

CiscoFree electricity for students makes college campuses the 2nd largest crypto miners across the industry. Through Cisco’s security product Umbrella, they monitor clients’ network connections to screen malicious activity, including dubious crypto mining—Mining

BitgoOne of underwriters behind BitGo’s $100 million cryptocurrency insurance policy has accused custodian of exaggerating scope of its coverage by using “ambiguous language” in public statements. BitGo listed “third-party hacks” among risks covered by group of 10 Lloyd’s of London underwriters. Misleading since it implies policy covered hacks of “hot,” or online wallets. Policy strictly covers theft or loss of assets kept in “cold storage” only—Project Development

GSX GroupGibraltar Stock Exchange announced successful deployment of GSX Digital Stock Exchange prototype and demo bond issuance on Securities Trading Asset Classification Settlement (STACS) Network’s Global TestNet. The STACS Network, a hybrid ledger technology tailored for global digital assets, has been developed by Hashstacs, which is a joint venture between GSX Group, Chong Sing Fintech Holdings, and Primelink Technology—Project Development

IBMDeployed its sizable blockchain cybersecurity service, named X-Force Red, and will be aimed to make blockchain technology more secure and bring the industry up to par with security standards in the sector. X-Force Red’s blockchain testing service will conduct stress and penetration tests at all phases of blockchain design, implementation, and ongoing use—Project Development

TrustTokenCompany behind TUSD announces partnership with Armanino, San Francisco-based team, which will allow traders using TUSD to have rea-time view of TUSD in circulation and USD backing the token—Project Development

NEM VentureVenture capital and investment arm of private smart asset blockchain ecosystem NEM made its first portfolio investment in Vimba, a New Zealand-based crypto savings platform. Funding would be used to enable Vimba to expand into more regions in coming months—Project Development

RussiaParliament passed “Digital Financial Assets” Bill, aimed at enacting national cryptocurrency legislation in second reading. Said bill will provide regulatory framework for digital economy of Russia—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.

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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