Bytecoin (a privacy focused crypto) has developed a new protocol which can follow user manually to offer hardware wallet support to them. Jenny Goldberg, Bytecoin CMO explained: “Security is a central concern to both the developers and the community here at Bytecoin, so we are pleased that we have been able to enhance the security of our platform with the addition of early hardware wallet support.”
Button Wallet (a messenger-based crypto wallet platform) has announced that it will now accept US dollars (USD) to purchase coins. The platform at present integrated with Telegram has about 2k active users nad its new fiat-to-crypto plan is to increase the number significantly. COO of Button Wallet Rachael McCrary said, “For mass-market adoption of decentralized banking, you need more people, You need to make it easier for people to buy in.”
Ledger (a crypto hardware maker based in France) has disclosed that its Ledger Nano X wallet has reached its way to its official store and people can now just walk in to get a wallet. The new wallet is a Bluetooth enabled secure device, with excellent security protocols to ensure that private keys. The firm has tweeted: “We’re extremely excited and proud to announce that the Ledger Nano X has left its pre-order stage!”
Although price data on Bitcoin illustrates the public interest in overall demand for this cryptocurrency, it is a poor indicator of how often it is being exchanged for goods. United States think tank the Congressional Research Service (CRS) in its report suggests that Bitcoin (BTC) and cryptocurrencies are used as a speculative investment tool and not money. If further states: “…show that digital currencies are not being widely used and accepted as payment for goods and services,”
Binance (a crypto exchange) has partnered with decentralized Cred (a crypto lending platform based in USA) to bring its services to the Binance ecosystem. As part of the agreement, Cred will migrate some of its ERC-20 LBA tokens to Binance main net, Binance Chain, and become the official lending and borrowing platform for the decentralized financial ecosystem.
The Central Bank of Bahamas (CBOB) will sign an official agreement with transaction provider NZIA.io in order to build and implement Project Sand Dollar, the first digital currency in the Bahamas. CBOB will enter an official agreement for the development of a digital fiat currency system on May 30. The central bank said, “The Project Sand Dollar initiative will be an integrated, affordable electronic payment system for all businesses and residents,”
CipherTrace (a blockchain analytics company) has announced that it has partnered with Rakuten (an e-commerce major from Japan) to help its new crypto exchange to ensure compliance and implement strong AML procedures. Yoshinao Kiyama, head of the risk control department at Rakuten Wallet commented, “Regulatory compliance and anti-money laundering protections are of the utmost importance, CipherTrace will provide us the necessary tools needed to best support Rakuten Wallet.”
A crypto defense fund dubbed as Defend Crypto has been propelled by Kik (a public blockchain application) through crowdfunding source to fight the U.S. Securities and Exchanges Commission with a self adopted motto “on behalf of the future of crypto in the US.” Kik explained, “After months of trying to find a reasonable solution, Kin (its crypto) has been unable to reach a settlement that wouldn’t severely impact the Kin project and everyone in the space.”
South Korean government is worried that the cryptocurrency market could be overheating again. The meeting was led by Noh Hyeong-out, who is the Minister of the Office for Government Policy Coordination and the meeting’s participants included officials from the Ministry of Economy and Finance, the Justice Ministry and the Financial Services Commission. They’re also closely monitoring the crypto markets to ensure that South Korean investors are safe.
Jehan Chu predicts bitcoin will continue its bullish direction along with the rest of the crypto market in 2019 and reach $30,000 by the end of 2019. He gave 3 main factors: mass adoption by global giants (Facebook, JPMorgan, & Rakuten); crypto industry becoming a better tech story; and Bitcoin halving, a process of dividing the number of generated rewards per block in order to maintain the total supply of bitcoin.