The top news in the last 24 hours are shown below:
Onchain Stablecoin Transactions Remain Low Despite Surge in Trade Volume
Of the established stablecoins, DAI has recorded the largest number of on-chain transactions, despite comprising one of the smallest stablecoins by market capitalization, with $78.27 million. Over the five days sampled by Tradeblock, 10,079 onchain DAI transactions were conducted.
$10k Per Week! Twitter CEO Hints At His Bitcoin Habit
When you’re the CEO of one of the world’s major social networking platforms, your wallet packs some serious firepower. That’s good news for Jack Dorsey, CEO of Twitter and longtime bitcoin bull, who hinted during a podcast this week that he spends $10,000 per week on acquiring the original cryptocurrency.
CFTC Chairman Says Blockchain Technology Could Have Dramatically Improved Regulators’ Real-Time Response to 2008 Crash
The chairman of the United States Commodity Futures Trading Commission (CFTC) has recently made some waves with blockchain-related comments. Specifically, he praised blockchain technology’s adaptive and speedy characteristics, noting that blockchain technology could have helped deal with the 2008 global financial crash.
Opera Touch Browser Featuring Crypto Wallet to Arrive On iOS Platform
In December 2018, Opera launched its cryptocurrency-focused browser on the Android operating system. The browser features a built-in wallet supporting Ethereum-based decentralized application (DApps). Additionally, the Opera Touch browser also features several Web 3 functionalities. In a recent development, Opera has now announced to launch its Touch browser on Apple’s iOS platform. The official statement reads:
“iOS users around the globe will soon gain access to a beautifully-designed, full-featured browser with an integrated native Crypto Wallet and Web 3 browsing functionalities.”
SWIFT Teams Up with Deutsche Bank, HSBC, and Others to Test Blockchain-Based e-Voting
The world’s leading financial messaging network known as the Society for Worldwide Interbank Financial Telecommunication (SWIFT) has entered in a partnership with the Singapore Exchange (SGX) and many prominent banking institutions to hold a blockchain-based shareholder e-voting proof-of-concept (PoC).
Japanese Banking Giant Mizuho’s J-Coin Should Not Be Mistaken for a Cryptocurrency
Last week, the news broke out that Japan’s banking giant Mizuho is soon to launch its own cryptocurrency J-Coin. Considering Japan being the most crypto-friendly nation, it wasn’t much of a surprise. However, according to a report from Quartz, it turns out that J-Coin is not a cryptocurrency. Thus J-Coin has nothing to do with blockchain as well, functionality wise.
Litecoin Up 28 Percent, LTC Lightning Network Capacity Up 76 Percent, What Can Stop $70?
Litecoin prices surge, up 27.8 percent in last week. Lightning Network capacity up 76 percent. Participation levels up, averages increase from 954k in mid-Nov to 1.5 million by last week’s close. Pumping Litecoin is renewed interest and technical factors. Now that LTC prices are trading above $50 in a bull breakout pattern, Litecoin stands to rally with first targets at $70.
Turkish Real Estate Agency Sells 9 Houses for BTC
Turkish real estate agency Antalya Homes has sold nine properties to date using bitcoin core, mostly to foreign buyers. The houses cost a minimum of €30,000 each (~$33,900) said the agency, which also accepts bitcoin cash, ethereum, stellar, ripple, litecoin, and tether.
Canada Tax Agency Poses Probing Questions to Cryptocurrency Owners
The Canada Revenue Agency (CRA) has sent an extremely detailed questionnaire to citizens it believes to own cryptocurrency. Those suspected of failing to disclose the full extent of their holdings have been asked whether they use a cryptocurrency mixing service, and if so, why. They’ve also been asked to provide the full tracing history of any transactions that have passed through a bitcoin tumbler.
This New Hardware Wallet Fits Into a Smartphone SIM Tray
On March 5, a new hardware wallet was unveiled by U.S. tech startup Vaulttel that fits inside a mobile phone’s SIM tray. According to the manufacturer, the Intellichip SIM card uses state of the art encryption while also providing biometric authentication.
UK Regulator: 3% of Consumers Surveyed Have Bought Cryptocurrency
The U.K.’s Financial Conduct Authority (FCA) published two reports on consumer attitudes and awareness to crypto assets in the country. The research includes qualitative interviews and a national survey of 2,132 British consumers.
Medici Portfolio Firm Partners with Caribbean Bank to Pilot Digital Currency
Bitt, a portfolio firm of Overstock’s blockchain firm Medici, has partnered with the Eastern Caribbean Central Bank (ECCB) to pilot central bank digital currency (CBDC). Overstock announced the news in a press release on March 6. Barbados-based Bitt initially signed a contract with ECCB to conduct a pilot of the blockchain-issued Digital Eastern Caribbean Dollar (DXCD) on Feb. 21.
France’s Main Trade Seaport Joins Blockchain Pilot for Freight Logistics: Report
The main trade seaport of France, Marseille Fos Port, will participate in a blockchain pilot for freight logistics in June 2019, local industry news outlet PortSEurope reports on March 6. The project aims to use blockchain technology for supply chain logistics and intermodal freight forwarding on the Mediterranean-Rhône-Saône axis (MeRS) transport corridor.
Ethereum Foundation Funds Columbia, Yale Researchers’ Work on Smart Contract Language
The Ethereum Foundation has awarded a grant to researchers at Columbia and Yale universities for the compilation of a new smart contract programming language into the Ethereum Virtual Machine (EVM). The development was announced in a press release shared with Cointelegraph on March 6. The beneficiary of the grant is a smart contract R&D project called DeepSea, spearheaded by Professor Ronghui Gu, an assistant professor of computer science at Columbia, in collaboration with researchers at Yale.
Blockchain Startup Enjin to Release Dev Kit for Game Engine Giant Unity
Ethereum (ETH)-based digital asset tokenization startup Enjin will launch a Software Development Kit (SDK) for leading game development engine Unity on March 14. The company announced the launch in a Medium post on March 4. The SDK will reportedly allow Unity developers to create, integrate and manage the distribution of ERC1155-compliant tokens on the Ethereum blockchain. The ERC-1155 token development standard is based on the ERC-20 and ERC-721 standards and was invented by Enjin’s chief technical officer, Witek Radomski.
Blockchain-Based Journalism Platform Civil Launches
Blockchain-based journalism network Civil has announced its launch in an official blog post on March 1. Civil is a platform for independent journalism that aims to develop an alternative model to support journalism. The project’s ecosystem has its native CVL token — the amount of which will be limited to 100 million — that purports to provide financial sustainability and improve trust in journalism.
Deutsche Boerse, Commerzbank Complete Blockchain PoC for Legally Binding Repo Transaction
German financial services company Commerzbank and securities marketplace Deutsche Boerse have completed a proof-of-concept (PoC) for a legally binding repo transaction using distributed ledger technology (DLT). Cointelegraph auf Deutsch reported the news on March 6. A repo transaction is commonly used for short-term borrowing, and allows dealers to sell securities to investors — often for as short a time as overnight — and repurchase them the following day, or as otherwise determined.
Russian Human Rights Commissioner Seeks UN Help to Extradite Alexander Vinnik
Russia’s Commissioner for Human Rights has asked the United Nations High Commissioner for Human Rights to help extradite the former operator of now-defunct crypto exchange BTC-e, Alexander Vinnik, from Greece to Russia. The news was reported by Russian news outlet TASS on March 5.
Research: Global Blockchain Spending to Reach $2.9 Billion in 2019
Global spending on blockchain solutions will reach $2.9 billion in 2019, according to a recent report from advisory services firm International Data Corporation (IDC) published in March. 4. The report dubbed “Worldwide Semiannual Blockchain Spending Guide” was prepared by market intelligence and advisory firm IDC. The report analyzes the emerging blockchain market evaluating spending data for ten technologies across 19 industries and 15 use cases in nine geographic regions.
Economic Historian Niall Ferguson: Crypto ‘Won’t Turn Out to Be a Complete Delusion’
British economic and financial historian Niall Ferguson says that cryptocurrencies will not turn out to have been a complete delusion, as he had once assumed. The historian — who authored a book on the history of currencies, “The Ascent of Money” — made his remarks at a private event during the Australian Financial Review (AFR) Business Summit earlier this week, the AFR reported on March 6.
Alibaba Exec: E-Commerce Giant Considering Blockchain Use in Complex Supply Chains
Liu Song, vice president of Chinese e-commerce giant Alibaba Group, has said in an interview that the company is considering blockchain tech implementation for cross-border supply chains. Song’s remarks were noted in an article published by China’s largest state-owned newspaper, People’s Daily, on Wednesday, March 6.
Chinese IT Giant Tencent and University of Hong Kong Collaborate on Fintech
Tencent Financial Academy, a subsidiary of Chinese IT giant Tencent — signed a memorandum of cooperation with the University of Hong Kong on March 6 for joint research and development projects related to financial technology. Chinese media outlet QQ reported about the deal on March 7.
Malaysia: Domestic Finance Watchdog Seeks Public Feedback on ICO Regulatory Framework
The Securities Commission Malaysia (SC) has issued two consultation papers seeking public feedback on the regulatory frameworks for initial coin offerings (ICOs) and property crowdfunding. The request was noted in a press release published on the SC’s website Wednesday, March 6. The Malaysian SC, a statutory body responsible for the regulating and systematic developing of the capital markets in Malaysia, has invited the public to leave comments on the consultation papers by March 29, 2019.
“The SC is seeking public feedback on the proposed regulatory framework which will, among others, set the eligibility requirements of first-time homebuyers, criteria of properties which can be listed on the platform, obligations of platform operators and financing limits.”
US State of Colorado to Examine Blockchain Implementation in Water Rights Management
The United States state of Colorado is examining the possibility of implementing blockchain in water rights management. The corresponding bill was published on Colorado’s General Assembly website on Wednesday, Mar. 6. Senator Jack Tate (R), together with representatives Jeni James Arndt (D) and Marc Catlin (R), have filed a bill that tasks the Colorado Water Institute at Colorado State University with studying the potential implementation of the technology to manage a database of water rights.
Credit Agricole-Backed Blockchain Startup Setl Files for Insolvency in the UK
Setl, a Credit Agricole-backed blockchain startup based out of the United Kingdom, has filed for insolvency. The insolvency notice was filed on March 7 with U.K. authorities. Credit Agricole is reportedly the world’s largest cooperative financial institution, headquartered in France.
Russia: Financial Markets Committee Considers Requiring Identification From Crypto Users
Russia’s Duma Committee on Financial Markets is considering the adoption of a mandatory identification process for users of digital assets, local news service Izvestia reports on March 7. The committee chairman, Anatoly Aksakov, revealed that the authority is planning to amend Russia’s crypto regulation, aiming to establish a particular identification process for users of digital financial assets, including cryptocurrencies.
US: Denver to Use Mobile Voting Blockchain Platform Aimed at Overseas Voters in Elections
The capital and most populous city in the United States state of Colorado, Denver, will use a smartphone app based on blockchain technology for casting municipal election this May, PR Newswire reports Thursday, March 7.
“Eligible voters will be able to participate in the upcoming election by opting in to vote electronically on their smartphones. Voters will fill out an absentee ballot request, complete their authentication with the […] application, and submit their ballot for the election.”
Leading Social Investing Platform EToro Launches Crypto Services in 31 US States
Exchange and social network for investors and traders eToro has launched its cryptocurrency trading services in the United States, according to a press release shared by the company with Cointelegraph on March 7. The exchange, which — per the release — has over 10 million registered users, will start facilitating the trade of 13 unspecified crypto assets and release a cryptocurrency multi-signature wallet to customers in 31 U.S. states and territories.