The top news in the last 24 hours are shown below:
Pantera Predicts Institutions to Invest in Crypto After Next Bull Trend is Established
Dan Morehead, the chief executive officer of Pantera Capital, recently discussed the cryptocurrency bear trend on an episode of the Unconfirmed podcast. Morehead argued that the crypto sector has much more robust fundamentals than it did during the previous bear trend, asserting that the industry has developed the infrastructure necessary to attract institutional investors. The company has also raised $130 million for a third venture fund.
Unusual Goods You Can Purchase on the Darknet With Cryptocurrency
Darknet marketplaces (DNMs) are a repository for the weird and the wonderful. Whatever your vice, your potion, or your whimsy, odds are there’s a darknet vendor who’s selling it in exchange for the cryptocurrency. Unlike the strictly regulated clearnet, the darknet remains a largely lawless frontier, where everything has its price, and anything can be acquired with few questions asked.
Indian Supreme Court Gives Government 4 Weeks to Produce Crypto Regulation
The Supreme Court of India has reportedly given the Indian government four weeks to come up with cryptocurrency regulations before making its ruling on pending crypto cases. The court was set to hear the petitions against the crypto banking ban by the central bank this week.
Hong Kong Crypto Exchange Coinsuper Shifts Focus to Institutional Investors
Hong Kong-based cryptocurrency exchange Coinsuper is reportedly shifting its focus from retail traders to institutional investors. This is the latest example of how regulations and trading volumes moving to OTC platforms are impacting the business strategies of crypto exchanges.
Bitfinex Recovers $106,000 of Stolen BTC With US Government Help
Bitfinex has recovered 27.7 bitcoin stolen by hackers in August 2016, the company said on Monday. The coins, worth around $106,000 at the time of writing, represent only a small fraction of the total BTC stolen. U.S. federal law enforcement agencies recovered the bitcoin and returned it to the cryptocurrency exchange.
Lightning Torch Relay: Fidelity Digital is Passed on the Bitcoin Lightning Torch
Fidelity Digital Assets Services LLC, the digital asset-focused subsidiary of Fidelity Investments Inc., becomes the first financial services institution to take on the bitcoin lightning torch, as it continues to lay the groundwork for welcoming institutional investors in the crypto space
Long-Awaited Protocol Upgrades: Ethereum and TRON
Happening on (or about) 28 February, the Ethereum and TRON blockchain will undergo hard forks. Ethereum will begin the Constantinople and St. Petersburg upgrades, and TRON will initiate its 3.5 hardfork.
World’s Biggest Tech Corporation Microsoft Ventures Into ICO
Microsoft Azure and Stratis have jointly developed the new ICO solution – an ICO platform that offers KYC solutions, custom branding and support for different currencies. Moreover, the Stratis ICO platform acts as the launching pad for new tokens and allows buyers to earn a proportion of the tokens by making contributions in either Bitcoin or STRAT, Stratis’ native token, as Stratis has also integrated Changelly into its application.
Petro-Like Crypto Allegedly to be Issued in Russia, New Crypto Regulation on the Way
According to Oleg Nikolaev, a member of the State Duma’s Economic Policy Committee, the process of implementing a cryptocurrency law is now in its final stage. If approved by the Committee, the law will allow Russia to continue its development in the crypto sphere. The former energy Minister in Russia, Igor Yusufov, proposed the creation of an oil-backed cryptocurrency to the State Duma.
French President Calls on Europe to Use Blockchain to Innovate the Agriculture Industry
French President Emmanuel Macron has advocated the use of blockchain to innovate supply chain management in the European agriculture industry. The president made his remarks during the 56th International Agriculture Fair in Paris on Saturday, Togolese agriculture news site Agridigitale reported on Feb. 23.
Ukraine Completes Pilot Scheme for E-Hryvnia National Digital Currency
Ukraine’s central bank has completed a pilot scheme for its national digital currency, the e-hryvnia, local press agency Interfax Ukraine reported on Feb. 22. The National Bank of Ukraine (NBU), which has been considering the concept for at least a year, began the pilot in December 2018, the head of its payment networks and innovative growth department Aleksandr Yablunivskiy revealed.
Huobi Global Absorbs Australian Unit Amid Bear Market, Reveals Recent Layoffs
Eight months after its launch, Huobi’s Australian subsidiary is to be subsumed under the Huobi Global canopy, according to an official tweet published on Feb. 24. In a Facebook post published today, Feb. 25, Huobi Australia cited the crypto market slump and fresh redundancies as the reason for the development.
Bahrain’s Central Bank Issues New Cryptocurrency Regulation
The Central Bank of Bahrain has issued new cryptocurrency regulation, English-language local media TradeArabia reports on Feb. 25. Before, in December last year, the central bank had issued draft proposals to regulate and license crypto asset services potentially. The new rules reportedly concern licensing, governance, risk management, Anti-Money Laundering and Counter-Terrorist Financing measures, business conduct, conflict of interest avoidance, reporting and cybersecurity. The regulation also establishes new supervision and enforcement standards.
Mercedes-Benz to Use Blockchain Tech for Sustainable Transaction Book, Supply Chains
German automobile brand Mercedes-Benz Car has developed a platform based on blockchain technology to increase transparency and sustainability in complex supply chains, according to a press release published on Feb. 25. Mercedes-Benz, a division of Daimler AG, a German multinational automotive corporation, has partnered with United States-based software company Icertis for cooperating in the development of blockchain tech for supply chain use.
Cryptopia Won’t Resume Trading Until Balances Are Secure, Discord Message Notes
The New Zealand police have returned the office building back to recently hacked crypto exchange Cryptopia and granted permission to resume trading. However, the exchange is not ready to renew its activity, according to a message purportedly sent by a Cryptopia staff member on the official Discord channel on Feb. 24.
Accenture Works With Mastercard, Amazon to Boost Circular Supply Chain Using DLT
Global professional services firm Accenture is working with major global firms including Mastercard to introduce a blockchain-based circular supply chain, according to a press release published on Feb. 25. An active user of blockchain and digital ledger technology, Accenture now intends to employ the tech as a critical component to boost the circular supply chain. The term circular supply chain encompasses all stages on the supply chain, from the beginning to the end, to eliminate waste and improve sustainability for the environment.
Solar Power Supplier Kyocera Teams up With Blockchain Firm to Improve Energy Distribution
Japan’s solar power supplier Kyocera has partnered with LO3 Energy to test blockchain-based virtual power plants (VPP) for improved energy distribution, according to a press release published on Feb. 25. Scheduled for Feb. 28, 2019, the test will allow the companies to evaluate the feasibility of VPPs that promote a low-carbon society without fuels or carbon emissions based on peer-to-peer (P2P) distributed consensus network.