crypto

Wirex to Launch Stablecoin on Stellar Blockchain Network

Wirex to Launch Stablecoin on Stellar Blockchain Network

A payment platform Wirex will be launching 26 stablecoins on the stellar blockchain network. The announcement on launching the stablecoins was made on Thursday with the confirmation that the stablecoins will be backed by a variety of fiat currencies such as U.S. dollar, euro, the British pound, Hong Kong dollar and the Singapore dollar.

Italy Preparing Blockchain Security Legislation

Italy Preparing Blockchain Security Legislation

As an effort in solving the security-related issues in the blockchain technology, Italy has shared that they’re currently preparing to launch legislation on that particular area. The country has realized the potential on blockchain technology in enhancing various sector however admitting the blockchain technology industry still requires more time to mature and to be fully adopted.

Marsh Introduces Blockchain-based Platform

Marsh Introduces Blockchain-based Platform

A well-established insurance broker and risk adviser Marsh is set to launch a proof of insurance blockchain platform to the commercial clients in the US. The president of Marsh, Martin South explained, “By vastly simplifying the process of obtaining certificates, we will enable clients to spend more time focused on the things that matter such as growing their business.”

Mt. Gox Trustee Extends Deadline for Rehabilitation Plan Submission

Mt. Gox Trustee Extends Deadline for Rehabilitation Plan Submission

It is not possible at this moment to make appropriate provisions in a rehabilitation plan on modifications of the rights of the rehabilitation claims, repayment methods, and appropriate measures for the undetermined rehabilitation claims and therefore to submit a rehabilitation plan. Roughly 24,000 creditors were purportedly affected, the exchange’s Rehabilitation Trustee Nobuaki Kobayashi filed a motion in a bid to extend the submission deadline of a rehabilitation plan at the Tokyo District Court.

Algorithmic Crypto Trading Firm GSR Launches Crypto Hedging Product

Algorithmic Crypto Trading Firm GSR Launches Crypto Hedging Product

GSR variance swaps claim that the derivative is the easiest way to get exposure to the volatility of the underlying assets. The variance swaps will allow investors, traders, businesses and other crypto portfolio holders to hedge against crypto volatility. The company explains that ways to obtain a similar effect through the use of vanilla options exist, but they are much more labor intensive since they need to be actively managed and periodically rebalanced in order to hedge.

Malta’s Financial Regulator Issues Guides on Crypto Assets, Scams

Malta’s Financial Regulator Issues Guides on Crypto Assets, Scams

The Malta Financial Services Authority’s (MFSA) new guidance note intends to warn the public about cryptocurrency investments and related risks, and educate people on how to identify and avoid scams and fraudulent schemes. The guidance outlines the most common types of digital currency-associated scams, which include fake initial coin offerings (ICOs), crowdfunding ventures promising higher gains which are availed of once the coin becomes active, and fake exchange platforms and fake e-wallet apps.

CryptoKitties Parent Company Teases New Ethereum (ETH) Wallet

CryptoKitties Parent Company Teases New Ethereum (ETH) Wallet

Dapper Labs, the team behind the first major blockchain collectibles game, CryptoKitties, began accepting early access sign-ups for its next release, a new Ethereum (ETH) wallet called Dapper, which is built to support blockchain gaming assets. Dapper will support ERC-721 tokens and a range of ERC-20 tokens, including the major Ethereum-based projects like Basic Attention Token (BAT) and Maker (MKR).

Nike Requests Trademark for ‘Cryptokicks,’ A New Digital Currency

Nike Requests Trademark for ‘Cryptokicks,’ A New Digital Currency

The trademark application describes the project as a digital currency for an online community. Although the details for Cryptokicks have yet to be formally clarified by the company, the move is in line with Nike expanding the digital business sector. Some may discount the trademark filings by Nike as conjecture, but the company has no history of speculative filings.

Samsung Currently Developing New Blockchain

Samsung Currently Developing New Blockchain

Samsung has shared that they’re ready in launching its own blockchain mainnet which is powered by the Ethereum blockchain. The launching of the new blockchain ecosystem might indicate that they have possibilities in launching their own cryptocurrency. A source explained to CoinDesk “It could also be public blockchain in the future, but I think it will be hybrid—that is, a combination of public and private blockchains.”

Blockchain to be Implemented in Naturipe

Blockchain to be Implemented in Naturipe

A collaboration has been established between SAP Cloud Platform Blockchain service and Naturipe Farm with the aim of using blockchain technology in tracking Naturipe’s blueberries. The senior director of SAP Agribusiness, Eric Somitsch has explained, “Blockchain helps SAP customers track and trace goods across their entire supply chain by using SAP’s cloud platform blockchain services.”