The top news in the last 24 hours are shown below:
Huobi’s US Branch Forms New Team to Further Push Institutional Products Development
HBUS, the US branch of the world’s leading digital asset trading platform Huobi, is staking on institutional investors. To develop additional services for institutional customers, the company has created a group headed by Katelyn Mew, a former BlackRock VP and HBUS’ current VP of sales and marketing, and Oren Blonstein from fintech provider Tora Trading Services. Mew explained:
“Institutional clients are seeking sophisticated trading platforms and a trusted marketplace. Unfortunately, the current landscape is significantly behind the traditional financial services industry. As more and more institutions integrate digital assets into their portfolios, they’ll need trusted, secure and compliant partners, such as Huobi.com.”
Stellar Suffered an Inflation Bug in 2017 Creating 2B XLM, Messari Reports
An attacker exploited a concurrency bug and created 2.25 billion XLM. Despite there were no media reports on the matter, Stellar stated that they had mentioned the bug twice in their release notes where they made it clear that the bug was exploited.
First Stable Version of Blockchain-based Internxt X Cloud Storage Platform Goes Live
On Wednesday, March 27, the company launched its first stable version of its innovative cloud service, X Cloud. The X Cloud Storage platform leverages blockchain technology along with end-to-end encryption while offering its users secure file-sharing solutions.
One of World’s Most Prominent Asset Managers Fidelity May Soon Take Cryptoland by Storm
Fidelity may soon enter into the nascent cryptocurrency market in a move expected to turn the tides. The $2.46 trillion behemoth asset manager is taking its time. Recently, the company’s head of digital assets, Tom Jessop, told CNBC the Asset Manager remains bullish on the crypto space. He said:
“In terms of our pipeline, prices really haven’t had an impact. If anything, they are as encouraged now as they were when prices were higher.”
Coinbase to Give Away $100 Million Worth of Stellar Lumens
In a surprise move, Coinbase has announced that it’s going to be giving away more than $100 million worth of Stellar Lumens (XLM) to users who participate in its Earn program. A generous gift to the cryptocurrency community or a shrewd move to increase demand for the protocol, it’s hard to say.
Japan Approves 2 New Crypto Exchanges – 140 More Interested
Japan’s top financial regulator has shared with news.Bitcoin.com some stats on cryptocurrency exchange registrations. Out of 23 new applications the regulator has received, two have been approved so far. Besides, there are over 140 more companies interested in entering the market.
Swiss Regulator FINMA Concludes That Mining Firm Envion’s ICO Was Unlawful
The Swiss Financial Market Supervisory Authority (FINMA) has finished enforcement proceedings against crypto mining firm Envion AG, the authority announced on March 27. As a result of the investigation launched in July 2018, FINMA concluded that Envion’s initial coin offering (ICO), which closed in early January 2018, was unlawful.
CFTC Technology Advisory Committee Discusses Crypto Regulation and DLT Adoption
The Technology Advisory Committee of the United States Commodity Futures Trading Commission (CFTC) discussed crypto regulation and distributed ledger technology (DLT) adoption during a meeting on Wednesday, March 27. The committee discussed various reports on cryptocurrencies and DLT. The first was presented by Peter Van Valkenburgh, Director of Research at Coin Center, who spoke on different consensus mechanisms.
BitTorrent to Release P2P Social Media App BitTorrent Live in Q2 2019
Tron (TRX)-owned peer-to-peer (p2p) software company BitTorrent announced that it would release the public beta version of its decentralized social media app BitTorrent Live in Q2 2019 in a press release on March 27. Per the announcement, the company started offering early access to the BitTorrent Live streaming service today. The app, a video-based social media platform seemingly similar to Snapchat and TikTok, allows its users to create live content and connect with other people through mobile devices.
TechCrunch Founder’s Digital Asset Firm Acquires Crypto-Focused Private Fund
Digital asset management firm Arrington XRP Capital has merged with a cryptocurrency-focused private fund and research house ByteSize Capital, according to an official announcement published on March 27. With the merger, ByteSize Capital’s co-founders Ninor Mansor and Ninos Mansor have also joined Arrington XRP Capital as partners, along with founding partners Heather Harde and Michael Arrington.
Spain’s Securities Regulator Says It Has Not Authorized Any Entities to Operate ICOs
The Spanish National Securities Market Commission (CNMV) has affirmed that it has not authorized any entity to operate an initial coin offering (ICO) with the agency’s official sanction. Cointelegraph en Español reported the news on March 27.
Swiss President Says Regulation for Blockchain Firms Should be ‘Fast and Clear’
The president of the Swiss Confederation, Ueli Maurer, has stressed that establishing a regulation for the blockchain sector should be fast and precise. Maurer made his remarks at the CV Crypto Valley Summit in Zug on Wednesday, according to a report from local financial news agency FinNews on March 27.
Analysts Claim CoinBene Transactions, Recent Activity ‘Consistent’ With Exchange Hack
Data scientists at blockchain infrastructure firm Elementus have published details of recent transactions from crypto exchange CoinBene that they consider being suspect, beginning with $105 million in crypto swiftly being moved out of the exchange’s hot wallet. The findings, reportedly based on data sourced using the Elementus Query Engine, were published on March 27. Elementus also provides independently valid raw data that readers can download and compare against the Ethereum (ETH) blockchain.
Corda Blockchain Trade Finance Platform Marco Polo Sees First Transactions
Blockchain consortium R3’s trade finance platform Marco Polo has completed its first real transactions, a press release from Commerzbank, one of the participants, confirmed on March 28. Marco Polo, which is built on R3 enterprise blockchain platform Corda, successfully facilitated trade between Germany and China, involving two German firms.
Blockchain-Based Diamond Exchange Cedex to Start Trading Diamonds Worth $50 Million
Blockchain-enabled diamond exchange Cedex has secured more than 6,000 diamonds worth over $50 million that will be traded on its platform, Finance Magnates reported on March 27. Per the report, citing a press release from the firm, the supply is meant to ensure that traders have a sufficient variety of options from the launch of its diamond-backed Exchange Traded Fund (ETF), which the company is reportedly developing. The report claims that Cedex’s ETF would be the first of its kind and that it will be ‘generic’ in nature.
Tron Acquires Blockchain App Store CoinPlay
The Tron Foundation, the firm behind TRX, the 11th top crypto by market cap, has acquired blockchain app store CoinPlay, Tron’s CEO, Justin Sun, tweeted on March 28. With the new acquisition, Tron intends to contribute to the aggregation of a wide range of blockchain apps and decentralized applications (DApps) on one platform, eliminating the need to look up those apps at general app stores, according to the announcement on Tron’s blog.