HIVE Blockchain Technologies Ltd (HIVE, a crypto-mining companies operates in Scandinavian region), and Argo Blockchain has formed a strategic partnership with the aim in establishing the largest purpose-built business-to-business mining service provider in the world. This newly-established partnership will enable the miners to take advantage of the combination of the two groups existing mining capacity.
The Intercontinental Exchange (ICE) which has been pitching hard for its bitcoin futures contracts platform: Bakkt, now waiting for approval from the United States Commodity Futures Trading Commission (CFTC). Adam White, COO of Bakkt explained, “DACC shares our security-first mindset and brings extensive experience offering secure, scalable custody solutions to institutional clients. The team’s experience integrating multiple blockchains and operating cutting-edge consensus mechanisms is a valuable addition to our team and future product line.”
The DENmart marketplace will enable users to create an online store in the e-commerce sector has introduced DENcoin a brand-new digital payment system. It is a utility token that links buyers, sellers and investors in the Denmart marketplace. The token is based on the ERC-20 algorithm, built to be a stable form of payment on the DEN (Diamond Empire Network) platform and subsequently in the global market.
Arthur Hayes, CEO of BitMEX, has just announced that the leading cryptocurrency derivative trading platform saw a record volume of over $10Bn. Because the exchange does not actually spot trade Bitcoin (BTC), it is generally excluded from volume calculations on the entire market, however, most cryptocurrency traders who margin trade frequent the platform. BitMEX, has been no exception to this explosive rise, because many cryptocurrency traders in 2018 were complaining traders were ‘over-shorting’.
The Motley Fool wrote that Facebook’s much speculated, upcoming cryptocurrency project dubbed the Facebook Coin, will likely interest traditional credit card companies such as Mastercard and Visa. The article also believes that a unified Facebook cryptocurrency would present a strong challenge to other fitness involved in the payment sector or which has payment platforms like PayPal, Google Pay, Amazon Pay, and Apple Pay.
Binance CEO Changpeng Zhao has announced that the crypto exchange plans to resume deposits and withdrawal services. Binance announced the breach last week, saying that unnamed hackers made off with 7k BTC from the exchange. They have made some significant overhauls to our system, with a large number of advanced security features added and/or completely re-architected. They will share details on some of the changes later. They aim to fully resume deposits and withdrawals on Tuesday.
Crypto community should focus on the products coming out of blockchain developments as opposed to purely on market speculation and price. The technology will yet prove useful, but the crypto community has a lot of work to do before that happens not the least in re-focusing on the product, rather than price. The fact that has the likes of New Zealand Post working with Alibaba and Fonterra to use blockchain for tracking is enormous too. Sylo and Trackback looking to reduce forged New Zealand’s products being sold primarily in China.
Childy has announced launch of Dove Wallet, it distributes daily bonuses according to the user total balance and trading volume. One of the interesting parts is that this is risk-free, passive income because Dove Wallet is not making money from loans or investing, but service fees. Dove Wallet will make strides to open more various services surrounding payments, sending tips, fiat currencies, and web APIs.
Reserve (a stable cryptocurrency) has shared during Huobi event held during the NYC Blockchain Week that they’re launching its Reserve Rights token listing via Huobi Prime. The co-founder of the Reserve Project, Nevin Freeman then explained, “The world needs a stable, global, digital currency that gives people and businesses autonomy and control of their money.”
One of the largest publicly traded crypto mining firm of Canada, Hut 8 in its annual report uncovered that it has suffered a loss of $136 million for 2018. Its COO Andrew Kiguel said, Throughout 2018, Hut 8’s average cost per bitcoin was consistently below the market price of bitcoin. As we move into 2019, we are poised to improve margins should the price of bitcoin continues to rise, given our cost cutting initiatives undertaken in late 2018.”