Crypto News Digest April 20-26

Monday, April 20, 2020

Facebook is looking to hire “experts in fraud, compliance, workforce management, and customer care” to support the team at Calibra working on a digital wallet for Libra.

Arrano Capital’s bitcoin fund became the furst approved cryptocurrency fund in Hong Kong. The new fund will be aimed at instituitonal investors and is expected to reach $100 million assets under management within the first 12 months.

Fomer Barclays executive Brett Tejpaul will be taking control of Coinbase’s institutional coverage.

Bitcoin futures will become available on Bitnomial crypto exchange after Commodity Futures Trading Commission (CFTC) approval.

According to China’s National Development and Reform Commission (NDRC) the blockchain technology is set to become an integral part of China’s technology infrastructure.

A new type of initial coin offering (ICO) received approval by Germany’s Federal Financial Supervisory Authority (BaFin). The new design will be pioneered by the LUKSO blockchain project and will allow investors to reserve a certain amount of tokens in the initial phase and then buy these tokens gradually over the span of a second phase. If for any reason investors change their mind with regard to the project they may give up any outstanding reserved tokens and receive back their locked assets.

Tuesday, April 21, 2020

Ripple is suing YouTube for permitting fake XRP giveaways to run on the video platform leading to monetary damage for Ripple’s users as well as harming Ripple’s reputation.

Almost all of the funds, which were stolen from dForce, were returned to the platform.

The Dutch Central Bank (DNB) showed support for central bank digital currencies and pledged to be on the forefront given that the Eurosystem decides to experiment with the idea.

The Argentine Central Bank (BCRA) has set trials for a new clearing system based on blockchain which will be utilized by some of the largest financial institutions in the country.

Puerto Rico amended its tax code requesting now $5000 annually from cryptocurrency investors who want to take advantage of the country’s tax incentives.

Alibaba was granted a patent by the US Patent and Trademark Office for a blockchain-based system, which can identify songs in violation of existing copyrights based on the song’s tune, tempo, lyrics and beat.

Portugal is planning to create “Technological Free Zones” (ZLT) as part of a “Digital Transitional Action Plan”, which would offer a flexible regulatory framework to innovative technology companies such as blockchain companies.

Wednesday, April 22, 2020

Crypto exchange Gemini passed a SOC 1 Type 1 audit by Deloitte verifying the robustness and reliability of its financial reporting operations.

Trading platform Openfinance has found itself in financial distress and is threatening to suspend all security token trading as revenue streams cannot catch up with operational costs.

An Italian newswire is implementing a blockchain-based solution to certify original work and thus bring light to fake and copycat news articles.

A new WordPress plugin, developed backed by venture capitalist Tim Draper can add crypto trading capabilities to every WordPress site.

A group of miners has successfully executed a 51% attack on stablecoin network PegNet inflating a wallet by $6.7 million.

Thursday, April 23, 2020

A week after bitcoin startup announced that it will be closing down for good the startup reported that “established cryptocurrency companies” have shown interest in acquiring the startup.

A new security and privacy-oriented messenger application, powered by the Lightning Network, is now in beta testing.

Bakkt CEO Mike Blandina is reportedly jumping ship 4 months after taking the helm.

Data provider Nomics is releasing 7-day price predictions for the top 100 cryptocurrencies on its platform. The predictions are coming from artificial intelligence, which uses OHLCV data as input.

Ant Financial, Tencent, McDonald’s, Starbucks, Subway, and others will reportedly take part in China’s upcoming digital yuan pilot program.

Binance-backed crypto payments app Bundle is making its way in Africa’s largest economy.

Blockstack has revealed a new hybrid consensus mechanism called Proof-of-Transfer (PoX).

Crypto exchange dYdX reported triple-digit growth of the amount lent to margin traders in February and March passing $1 billion in loans given.

A new solution by Securitize would allow investors in private securities to trade securities without a middle man and without extra costs by simply sharing and clicking on a link.

Friday, April 24, 2020

Crypto exchange and derivative trading platform BitMEX has launched a new futures contract tracking the ETH price in USD. A unique feature of the new contract is that the margin and the delivery are in bitcoin.

Bitcoin mining hardware manufacturer Ebang International Holdings is looking to go public in the US, targeting $100 million at the initial public offering (IPO).

Dole Food Company is aiming to offer blockchain-based food tagging for tropical fruits, fresh vegetables as well as other products by 2025.

Coinbase is offering digitally signed price feeds for bitcoin and ether to make decentralized finance more secure.

The U.S. Securities and Exchange Commission (SEC) is accusing crypto startup Dropil of defrauding investors with $1.8 million by selling unregistered securities. The startup, furthermore, channeled $1.4 million into private accounts instead of investing them in its algorithmic trading strategy.

The US state of Kentucky will be exploring blockchain as means of safeguarding the “state’s critical infrastructure” such as “the electric utility grid, natural gas pipelines, drinking water supply and delivery, wastewater, telecommunications, and emergency services”.

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