Trending Crypto News Roundup September 2019. Over the course of the month, we’ve come across news stories that created waves in the crypto field. NvestWeekly brings you the latest and most interesting hot news across the cryptocurrency and blockchain industry.
Here’s a brief overview of what happened on our watch list: World’s ‘First’ Blockchain Smartphone “FINNEY”
The Swiss-based smartphone from Sirin Lab, known as FINNEY, is going to be one of the safest and most expensive smartphones to both store and use cryptocurrency in a mobile environment. However, the phones designed and manufactured by Foxconn Technology Group, a Chinese electronics giant. Also, for honoring bitcoin pioneer Hal Finney, the smartphone is named “FINNEY.” Binance.US to Launch in Coming Weeks
Trending Crypto News Roundup September 2019. Crypto Global Exchange
Binance.US said that it would launch in the coming weeks. The crypto exchange said that Know Your Customer (KYC) process will start a few days before launch, where customers can, however, have ample time before live trading to verify account and deposit funds.
The exchange claims that it is a fast, compliant, and secure digital asset marketplace. Also, it aims to provide best-in-class technology, speed, and execution of Binance to everyday users in the United States. Stellar Development Foundation to Airdrop $120 Million XLM Crypto Tokens
The Stellar Development Foundation (SDF) has announced that it is launching a $120 million XML airdrop in collaboration with Keybase, an encrypted messenger. Likewise, it is the highest in the five-year history of Stellar, worth about $120 million. Bakkt Warehouse Bitcoins Have Insurance Policy Worth $125 Million
Bakkt, ICE-backed exchange, has announced that the Bitcoin (BTC) deposited at the Bakkt Warehouse is protected by a $125 million insurance policy.
Insurance policy news covering customer deposits erases another concern that Bakkt hopes to lure for institutional investors. Gemini Launches Regulated Custody Services
Gemini, owned by Winklevoss twins, has announced the custody service for 18 cryptocurrencies.
Although, the company has been providing custodial services since its launch on October 2015, they have considerably extended their range of products.
Currently, the company supports 18 cryptos for custody:
Bitcoin, Bitcoin Cash, Ether, Litecoin, Zcash, and the following ERC-20 tokens: 0x (ZRX), Augur (REP), Basic Attention (BAT), Bread (BRD), Dai (DAI), Decentraland (MANA), Enjin (ENJ), Flexacoin (FXC), Gemini dollar (GUSD), Kyber Network (KNC), Loom Network (LOOM), Maker (MKR), and OmiseGo (OMG). Coinbase Announces USDC Bootstrap Fund For DeFi Protocols
Coinbase announced that it is investing $2 million in the USDC Bootstrap Fund to expand the Decentralized Finance (DeFi) ecosystem.
DeFi or Decentralized Finance is the latest trend in blockchain space. However, DeFi projects are traditional financial products that you would expect from a conventional bank. Also, it is built on top of a blockchain, such as loan protocols and derivatives. Binance.US to Start Customer Registration Next Week
Binance announced that it would begin registration and start accepting deposits from next week on 18 September 2019.
The firm will provide updates on when trading is live for particular pairs shortly after registration opens. Also, the company is operated by BAM Trading Services and is based on Binance’s cutting edge matching engine and wallet services. Mastercard, R3 to Work on Blockchain-Based Payment Solutions
Mastercard and R3, a leading provider of blockchain software, have announced a partnership to develop a new blockchain-enabled cross-border payment solution.
However, the initial objective is to focus on connecting the world’s faster payment infrastructures, schemes, and banks supported by Mastercard’s clearing and settlement network. Domino’s Pizza Offers €100,000 Bitcoin Through Contest in France
Attention Pizza and Bitcoin lovers! Now, having pizza can make you own bitcoins worth €100,000. However, Domino’s France amazed their fans with an exciting offer by launching an ordering contest with a Bitcoin (BTC) or cash reward of $100,000 for the winner Kakao’s Klay Cryptocurrency Debuts on Upbit
South Korean giant, Kakao’s “Klay” token, a native cryptocurrency, launched on Klaytn blockchain, is making its first official trade listing on Upbit platform.
Upbit is the South Korean fintech company Dunamu’s cryptocurrency global exchange
. The crypto exchange supports more than 150 crypto assets. Bitcoin ATM Network Coinme Secures Funding from Ripple’s Xpring
Coinme, the largest Bitcoin ATM network, announced that it had secured funding from the Ripple’s Xpring company for $1.5 million in a Series -A funding.
The funding indicates that Ripples XRP will quickly be accessible on the more than 2,600 ATM kiosks network of Coinme. BlockFi Removes Minimums and Fees on BlockFi Interest Accounts (BIA)
BlockFi, a cryptocurrency company announced that it had dropped all the minimums and fees for its BlockFi Interest Account (BIA).
Additionally, BlockFi has also removed the early withdrawal penalty from the account and now offers all customers one free withdrawal per month.
That’s it for this week. For more exciting news, watch this space. Seed CX Subsidiary Launches Crypto Derivatives Transaction
Seed CX subsidiary Zero Hash has announced the launch of bilateral crypto derivatives transactions.
As of now, the company will support all back-office settlement functions for forwards and have plans to expand soon. Also, this will attract financial institutions to settle derivatives on its platform.
That’s all for this week. We’re going to keep you updated with more interesting news to move forward.
Jaxx Wallet Review. Jaxx is a popular multi-currency wallet with a huge amount of coins, developed by Decentral, a well-known ATM manufacturer. At the moment, there is great debate about the use of this wallet. Someone likes it and they are pleased with the many features provided, others complain about the slow work and problems with exchanges and transferring funds. Now the bitcoin ATM resides at the BTCChina’s Shanghai office. The machine was produced by an Iceland-based bitcoin ATM manufacturer, Lamassu, and it was installed at a Shanghai cafe in 2014 which attracted a tech-savvy crowd to get their first taste of digital currency. BTCChina staff went to conduct regular maintenance on the machines ... Bitcoin ATM manufacturer, BitAccess, announced today that their customers can buy bitcoins at 6,000 stores across Canada, using Flexepin paper vouchers.. The private and convenient vouchers come ... ATM manufacturer Genmega and LibertyX have partnered to offer Bitcoin buying functionality on regular ATMs. 100,000 regular ATMs can now become Bitcoin ATMs with a simple upgrade. It is likely that large amounts of Genmega ATM owners will do this upgrade since it provides extra revenue and extra attention without any upfront cost or new hardware. 8 Sep 2016 Deloitte brings Bitcoin ATM to Toronto's Financial financial advisor venture capital District by Ottawa-based Bitaccess and enables users to buy or sell bitcoins using cash. buy btc toronto 8 Sep 2016 Deloitte brings Bitcoin ATM to Toronto's Financial District by Ottawa-based Bitaccess and enables users to buy or sell bitcoins using cash. Get Binance Coin price chart (BNB/BTC) and ... GENERAL BYTES, a leading bitcoin, blockchain, and cryptocurrency ATM manufacturer, today announced the release of the latest addition to its popular range of BATMThree series bitcoin ATMs. The new BATMThree XXXL is a two-way (buy/sell) ATM model that features a cash-recycler with a 1200 bill input + 2×60 bill recycled/output capacity, expandable dispenser with 1000 banknote capacity (2×500 ... There is also healthy competition between Bitcoin ATM companies around the world with General Bytes now ahead of Genesis Coin as the top operator. Interestingly, the Bitcoin-only ATM approach is not the only model that is becoming attractive for investments as other models are also being pursued by companies. Kiosk manufacturer and operator Constar has claimed to bring crypto-compatibility to ...
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