The top news in the last 24 hours are shown below:
Chicago Mayor Suggests Cryptocurrency Will Save Countries from Financial Crises, Says Trend Lines Are Affirmative
A fresh report from Forbes has covered the recent speech by Chicago Mayor – and former Chief of Staff for US President Barack Obama – Rahm Emanuel. The subject of the speech was Chicago’s FinTech movement, and as such, Emanuel spent a fair share of time discussing cryptocurrency and blockchain technology.
Twitter CEO Hires New Fulltime Crypto Team To Work On Open Source Contributions To Bitcoin
Square, which is owned by Twitter CEO Jack Dorsey, is going to hire a new team of around five members to work fulltime on contributions to the crypto and bitcoin ecosystem. He announced he wants to hire 3 to 4 developers and one designer fulltime through his company financial services company Square, to work on opensource contributions to the bitcoin and crypto ecosystem.
Lightning Labs Releases Loop Feature to Improve Bitcoin Payments on Lightning
Lightning Labs has announced the alpha launch of a new feature that will improve the process of sending and receiving Bitcoin on the second layer of Lightning Network. Called ‘Lightning Loop’, the feature will enable users to receive Bitcoin in increasing quantities without having to close and reopen new payment channels.
Borderless From Block Collider Is a High-Speed DEX That Unites 5 Blockchains
Borderless isn’t like other decentralized exchanges (DEXs). For one thing, it comes with its own blockchain – or rather the Block Collider chain comes with its own DEX. Throw in the ability to perform cross-chain transfers, block times that are 3x faster than Ethereum and no limits on order size, and Borderless would appear to be markedly different from the competition. News.Bitcoin.com was given a walkthrough of the new DEX, which is due to go live in the next few weeks.
Indian Exchange Launches Lending Program for 5 Cryptocurrencies
An Indian crypto exchange, Coindcx, has launched a program that allows its users to earn interest on their cryptocurrencies held at the exchange. Coindcx announced Thursday that its crypto lending program called Dcxlend has come out of the beta testing phase and is now fully launched. Five cryptocurrencies are supported: BTC, USDT, ETH, XRP, and BNB.
Crypto Exchange Aggregator Caspian to Offer Crypto Options and Futures Trading
Institutional crypto trading, portfolio and risk management platform Caspian announced that it has integrated its platform with cryptocurrency futures and options trading exchange Deribit. The news was revealed in a press release from Caspian published on March 20. Per the announcement, Deribit has been added to Caspian’s ecosystem of over 30 cryptocurrency exchanges and liquidity providers. The company also claims that the move renders it the first institutional platform to offer both options and futures trading in the crypto asset class.
Nvidia Expects to Finish Selling Leftover Inventory From Crypto Bear Market by Q1 2019
Major global chip maker Nvidia expects to complete sales of remaining inventory built up in expectation of crypto mining demand, according to a Bloomberg report on March 19. The company is now working on selling the crypto-oriented inventory that remained unsold as the crypto bear market continues. The firm predicted that it would be able to sell the excess inventory by the end of the current quarter.
Sirin Labs Partners With MyEtherWallet to Enhance Outreach of Blockchain Smartphone
Swiss developer Sirin Labs will integrate popular cryptocurrency interface MyEtherWallet (MEW) in its Finney blockchain smartphone, the company confirmed on social media on March 21. Sirin, which released Finney late last year, will now allow MEW users to purchase the device through the latter’s mobile and web interface. In addition, MEW will feature as the go-to wallet interface for Finney users.
Texas: Crypto AriseBank CEO Pleads Guilty to Deceiving Investors in $4.2 Million Case
The former CEO of reported cryptocurrency scam AriseBank has pleaded guilty to defrauding victims of over $4.2 million, Texas-based daily news outlet Dallas News reported March 21. Jared Rice, whom the FBI arrested over securities and wire fraud in November last year, confessed to his activities, according to an announcement by the United States Attorney for the Northern District of Texas, Erin Nealy Cox. Rice had allegedly falsely claimed that AriseBank could offer customers “FDIC-insured accounts and traditional banking services, including Visa-brand credit and debit cards, in addition to cryptocurrency services.”