The top news in the last 24 hours are shown below:
Tron Dives into Social Networking, Announces New BitTorrent Live Streaming Service
New BitTorrent Live streaming service will let users create their live content and find other people with similar interests. Last year, BitTorrent was acquired by one of the largest blockchain-based operating systems in the world Tron. At that time Justin Sun, CEO of Tron, said that his team had a lot of grand plans on how to extend the p2p torrent platform that could boast over a hundred million global users per month.
Ledger and Legacy Trust Join Forces to Provide Institutional Custody of ERC-20 Tokens
Trust company Legacy Trust and hardware wallet maker Ledger will offer a new institutional-grade crypto custody solution called Ledger Vault. This recently baked bridge represents itself a new institutional-grade cryptocurrency custody solution.
Coinbase Custody Launches Staking Support for Tezos
San Francisco-based cryptocurrency exchange Coinbase announced Friday an expansion of its custody business to help its clients squeeze more yield out of the assets stored on its platform. Tezos was chosen as their first staking asset.
India’s Federal Bank Partners with Ripple to Use XRP for Cross-Border Payments
Federal Bank in India has entered into a partnership with Ripple Inc, a blockchain supported global remittance company, for cross-border remittance through its network. The announcement states that the new partnership will allow the Federal Bank to participate in cross border remittance via the Ripple network.
Indian Supreme Court Postpones Crypto Case at Government’s Request
India’s supreme court has postponed hearing the crypto case at the request of the government’s counsel. The court was expecting to hear about the country’s cryptocurrency regulation today before proceeding to address the banking ban by the central bank. However, the case has now been postponed.
Mempool ‘Spam’ and Rising Fees: The Consequences of Veriblock’s Mainnet Launch
Last month the Veriblock testnet represented more than 30 percent of BTC’s network transactions, but the project took a hiatus before launching the protocol’s mainnet. When the project stopped, the BTC network’s mempool dropped, transactions per day were cut in half, and fees slightly dipped. However, since the mainnet launch of the Veriblock blockchain, the mempool is once again getting ‘spammed’, and average transaction fees have increased over the last few days.
Digital Asset Company AlphaPoint Upgrades Security Token Services for Institutions
Digital asset services provider AlphaPoint has upgraded its security token solution designed for institutional clients, according to a press release obtained by Cointelegraph Thursday, March 28. The company that provides services to private equity, real estate, funds, and other institutional investors is now offering to issue asset-backed security tokens for its clients. AlphaPoint believes that tokenization will increase liquidity for high-value asset classes.
India to Use Blockchain to Improve Coffee Supply Chain
The Coffee Board of India has launched a pilot blockchain-based e-marketplace to integrate coffee farmers with markets. The development was announced by Indian Ministry of Commerce and Industry (MCI) on March 28. The Coffee Board — an organization backed by the MCI to promote coffee production in India — has rolled out an e-marketplace for coffee producers to reduce the number of intermediaries between coffee growers and buyers.
Study: Regulators License Only 14% of Major Crypto Exchanges
Only 14 percent of 216 global crypto exchanges were confirmed as being licensed by regulators, regulatory technology (regtech) startup Coinfirm found in its crypto exchange risk report released on March 27. Coinfirm, а London-based regulatory tech firm for digital currencies and blockchain, studied 216 global cryptocurrency exchanges to outline the key risks that can be associated with each platform, as well as to assist monitors in developing necessary regulatory frameworks. The analyzed exchanges reportedly represent more than 90 percent of the global crypto market activity.
IOHK Founder Charles Hoskinson Says Crypto Industry Needs More Interoperability
Charles Hoskinson, a founder of IOHK, the firm that developed cryptocurrency Cardano (ADA), said that the cryptocurrency industry needs a “WiFi or Bluetooth moment” in an interview with media outlet Cheddar on March 28. Speaking about the status of the cryptocurrency industry, Hoskinson said that it needs specific standards that will facilitate the development of more interoperability. Per Hoskinson, it will allow communication and information to be traded in an easier way among both a digital currency and traditional financial institutions. Hoskinson argued:
“What we are seeing is a collection of standards being created [that] will inevitably converge over the next three to five years to create a situation where you can move information and value between all these different systems ー not just Bitcoin to Litecoin to Ethereum to Cardano ー but also your regular bank account.”
New USStocks Token Lets Investors Access US Stock Market With Stablecoin Dai
Decentralized financial contracts platform UMA has partnered with Decentralized Autonomous Organization (DAO) MakerDAO to release a token tied to the United States stock market, UMA announced in a blog post on March 27. The ERC-20 token, dubbed USStocks, seeks to offer investors access to the U.S. stock market using cryptocurrency. Users can purchase the token using MakerDAO’s USD-backed stable coin, Dai (DAI).
Top US Energy Provider Ameren Eyes Blockchain Promise in Clean Energy Boost
Major the United States energy firm Ameren and Canadian software engineering and solutions company Opus One Solutions will explore the potential use of blockchain technology. The participants announced the news in a press release on March 28. Ameren, which currently services around 2.4 million electric and 900,000 gas consumers, will examine blockchain as one of a range of options in its clean energy initiative. As of May 2018, Ameren was listed among the top 20 U.S. gas and electric utility firms, based on market value.
Cybersecurity Firm WISeKey Launches Blockchain-Powered ID Solution for IoT Devices
Switzerland-based blockchain and cybersecurity firm WISeKey has launched a new blockchain-powered digital identity solution to protect the Internet of Things (IoT) devices and their data. The news was announced in a WISeKey press release on March 29. WISeKey focuses on secure authentication and identification solutions for people and smart objects by implementing a cryptographic tool called Root of Trust (RoT). WISeKey IoT claims to have an install base of over 1.5 billion secure microchips across “virtually all IoT sectors” — from connected carts and smart cities to drones and crypto tokens. RoT, the press release claims, is currently embedded in 4 billion devices globally.
Indian Street Protests for Cryptocurrency
The fourth and most significant of a series of blockchain supporter rallies are set for Bangalore on March 30 and is anticipated to have a substantial public impact because of the planned participation of numerous developers — the key to India’s blockchain growth. Previous rallies this month in Delhi, Mumbai, and Hyderabad saw thousands of crypto and blockchain enthusiasts and professional stakeholders take to the streets.