Coinbase (a popular crypto platform) has made public that it is exploring to support for eight new digital assets. They are namely: Algorand (ALGO), Cosmos (ATOM), Dash (DASH), Decred (DCR), Matic (MATIC), Harmony (ONE), Ontology (ONT) and Waves (WAVES). In its announcement: “Stablecoins are beneficial to anyone who trades crypto, but also have the potential to materially improve the lives of people in countries where inflation is eroding wealth.”
An announcement has been made by Coinbase Custody that it has been selected by one of the largest digital asset fund managers, Grayscale to store their digital assets. Coinbase Custody will act as the custodian for the Grayscale’s list of products such as Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Stellar Lumens (XLM), & XRP are inter alia.
FairX, a financial services company involved with banking and digital assets, has shut down its operations as it failed to gain funds to operate as licensed national bank from the Federal Deposit Insurance Corporation (FDIC). In its Tweet, “Only a bank (or trust, maybe), licensed to do the business of banking, can agree to a deposit agreement with an entity, with the guarantees of withdrawal and insurance therein. NO other business arrangement can create this setup…”
The platform has now entered into a joint venture with BitMart (a digital asset trading platform) has seen integration with Paxful (a p2p bitcoinmarketplace which had offered 300 payment methods). As a result of the partnership, BitMart users will be able to make payments using Paxful Technology without paying listing fees, while Paxful users will have the opportunity to convert their Bitcoin into other cryptocurrencies through the exchange.
The Archax has shared its plan in launching its own digital asset custody service in collaboration with Unbound Tech. The CEO of Unbound Tech, Yehuda Lindell explained, “Our Digital Asset Protection Platform provides an innovative approach to protecting digital assets by creating and using fragmented private keys without ever unifying them, delivering both security and speed for seamless customer experience.”
The Blockstream (a blockchain infra company) announcement reveals that atomic swaps will now be supported for any asset available on Liquid network such as L-BTC, tokenized fiat, crypto assets, & attested assets. Its CEO Adam Back pointed out, “Atomic is simpler than cross-chain atomic swap, because the Bitcoin UTXO model transaction rule inputs add up to outputs is extended to add up inputs of each type, and types/assets are natively understood.”
Kave Labs has recently announced the launching of Kava Blockchain, a PoS blockchain with the aim to develop a network to bring DeFi which will support digital assets like XRP. The blog post also shared, “Kava platform users can gain exposure on their crypto assets through margin trading and hedge using the USDX stablecoin as a stable store of value…”
A licensed supplier of asset tokenization software and digital asset trading technology, AlphaPoint has shared its plan of expanding its business in Zurich, Switzerland. The Swiss government is currently modelling out the suitable guidelines in approval of blockchain and emerging cryptocurrency trade and exchange industry in the country.
The Volentix (a new digital assets ecosystem) has brought out its state of the art flagship product VDEX, or Valentin Decentralized Exchange, its flagship product. The project describes VDEX as a next generation, extensible and customizable decentralized crypto exchange, with an emphasis on ensuring that the assets and data of every user remain individual and secure. In this platform the user remains in full control of their funds until transactions are completed.
The Ministry of Information Communications and Technology of Kenya along with various stakeholders in ICT arena has unveiled a digital economy blueprint which will help the nation to give leverage to its emerging market economy. Cabinet Secretary Joe Mucheru stated, “The digital economy will connect you to the world, your goods, services, and expertise will be accessible across borders, opening up markets and catapulting Kenya to join 1st world markets…”