Trading Platform ‘eToro’ Launches New Cryptocurrency Wallet

The global social trading platform, eToro, recently launched its digital currency wallet which would initially support four virtual coins The New eToro Cryptocurrency Wallet According to Finextra, global social trading platform, eToro, launched its cryptocurrency wallet on Tuesday (Nov. 6th). The new wallet would currently support four virtual currencies, which include Bitcoin (BTC), and altcoins such as Ethereum (ETH), BitcoinCash (BCH), and Litecoin (LTC). The eToro wallet is a mobile app accessible on iOS and Google Play. One of its features includes multi-signature security that ensures the safety of users’…

Overstock Rwanada Launch Blockchain Land Rights Platform

Twitter Facebook LinkedIn Medici Ventures is a wholly owned subsidiary of Overstock, one of the most cryptocurrency friendly businesses in the world, whose CEO has frequently promoted the use of bitcoin and other cryptos. Medici is specifically geared toward blockchain businesses, development, and technology, and on Thursday it signed a second Memorandum of Understanding with the Rwandan Government (specifically the Land Management and Use Authority and Information Society) for the development of a blockchain-based land management and property rights platform. In a nutshell, the blockchain will be used to secure…

Hong Kong Exchange Prepares for Blockchain Trading Platform

Twitter Facebook LinkedIn Hong Kong Exchange and Clearing Limited (HKEX) has joined forces with Digital Asset to develop a blockchain platform for post-trade allocation and processing of trades. This alliance was created under the Stock Connect programme with China, based on a FinExtra report. HKEX had been working on a prototype system for Stock Connect using Digital Asset’s platform and smart contract modeling, as it attempts to speed up the post-trade process and reduce settlement risks among traders. This plan was made known by HKEX CEO Charles Li at a…

NYSE Parent Company Reveals Launch Date for Bitcoin Futures on Bakkt Platform

The parent company of the New York Stock Exchange (NYSE), Intercontinental Exchange (ICE), has announced the launch date for Bitcoin (BTC) futures on its platform Bakkt, according to a document released Oct. 22. Bakkt is a platform for trading, storing, and spending digital assets that was established earlier this year by global exchange operator ICE. Per the document, ICE will list Bakkt Bitcoin (USD) Daily Futures Contracts for trading on Dec. 12, 2018. The product will be physically-settled and cleared by ICE Clear U.S., Inc. The notice further explains: “Each…

Bakkt’s Futures Platform Slated to Begin Trading in December

Almost a year to the day after the CBOE and CME launched their own bitcoin futures products, the Intercontinental Exchange’s Bakkt platform is heralding the launch of its own futures on December 12, though the platform is still pending approval from the Commodity Futures Trade Commission. Originally slated for November, Bakkt was announced in August 2018 as “a scalable on-ramp for institutional, merchant and consumer participation in digital assets.” The platform is advertised as an all-encompassing, “open platform” for “digital assets across global markets and commerce,” and was, in part,…

Coinbase Adds First Ethereum Token to Professional Trading Platform

Crypto exchange startup Coinbase is adding the 0x protocol token to its professional trading platform, Coinbase Pro. Announced Thursday, the exchange said in a blog post that it had begun accepting deposits for ZRX, and would enable trading around 5:00 A.M. UTC, or after at least 12 hours after the initial announcement. The move represents the first time the platform has added support for an ERC-20 token that runs on the ethereum network. “Once sufficient liquidity is established, trading will begin on the ZRX/USD, ZRX/EUR and ZRX/BTC order books. ZRX…

Circle Poised to Acquire Equity Crowdfunding Platform SeedInvest

Cryptocurrency startup Circle is venturing deeper into crypto trading. The Boston-based company is now ready to buy equity crowdfunding firm SeedInvest. If approved by regulators, the move could allow Circle to help match investors with fledgling companies trying to raise money via initial coin offerings (ICOs). It could also allow Circle to offer its own customers a wider selection of coins to trade. Circle made the announcement today, October 5, 2018. Terms of the deal were not disclosed. “This acquisition will accelerate our strategy of delivering a token marketplace that…

Sierra Leone to Develop Blockchain-Based ID Platform With UN Partnership

Two United Nations divisions are teaming with the nation of Sierra Leone and a technology non-profit to launch a blockchain-based identification system. The U.N. Capital Development Fund (UNCDF), the U.N. Development Program (UNDP), along with Sierra Leone president Julius Maada Bio and non-profit Kiva announced a project to “modernize the credit bureau” on Thursday during the 73rd session of the U.N. General Assembly. According to Kiva, Sierra Leone was chosen as it only has one credit bureau that serves 2,000 people, or less than 1 percent of the country’s total…

a16z Puts $16 Million Behind Stablecoin Platform MakerDao

Stablecoins are becoming big business these days. In a $15 million deal, Andreessen Horowitz’s a16z crypto fund is buying 6 percent of the total MakerDAO maker (MKR) token supply. The investment will give a16z a financial and governance stake in the dai stablecoin. A16z made the announcement today, September 24, 2018. MakerDAO also received $12 million in a round led by Andreessen Horowitz and Polychain Capital in December 2017. A stablecoin is a token pegged to another asset, like the dollar. Stablecoins can provide a hedge in the volatile world…

Thailand’s Kasikornbank to Pilot Visa’s Blockchain Cross-Border Payments Platform

The biggest bank by market capitalization in Thailand, Kasikornbank, has become the first financial institution in the Southeast Asian country to get on board the Visa B2B Connect platform. Designed to enable fast and secure cross-border payments between businesses using blockchain technology, the platform relies on a permissioned private blockchain architecture which is operated by global financial services firm, Visa Inc. According to Visa Thailand’s country manager, Suripong Tantiyanon, the B2B Connect platform makes extensive use of the core capabilities of the global financial services company in governance, security and…