CRYPTO WORLD

Bitcoin loses a quarter of its value in March

The turmoil that rocked financial markets in March also wreaked havoc on the value of Bitcoin, delivering one of the cryptocurrency’s worst months on record.

Investors rushed out of riskier assets amid the coronavirus pandemic that is casting a shadow on global growth prospects, with Bitcoin losing about 25 per cent in March to trade below $6,500 (Dh23,874).

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You can now buy Bitcoin with Apple Pay through Opera in the US

You can use Apple Pay to buy Ethereum or Bitcoin through the browser in the US and Scandinavia.

Opera has just announced that users can now buy Bitcoin and Ethereum through its browser using Apple Pay.

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Google Pay adds support for Coinbase’s Bitcoin card

Coinbase Card owners can now add a virtual version of the card to their Google Pay wallet, making it easier for them to spend their Bitcoin in shops. Support for Google Pay covers more than a dozen European countries.

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Standard Chartered joins TradeLens

Standard Chartered has become the first financial institution to join the TradeLens blockchain-enabled container logisitics platform developed by IBM and Maersk.

Standard Chartered will be the first financial intitution to join an ecosystem consisting of more than 150 members, including 100+ ports and terminals, 20+ ocean carriers and intermodal providers, and 10+ government authorities.

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BitMEX’s downtime on 13 March prompted by DDoS attack, not ‘hardware issues’

BitMEX’s Chief Technology Officer [CTO], Samuel Reed, had provided a gist of the attack that hit the exchange platform on 13 March. Now, BitMEX’s Chief Executive Officer [CEO], Arthur Hayes, has come out to update the community with more info, stating that the BitMEX team will be addressing the issue soon.

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MoneyGram Got Another $11M From Ripple to Use Its Cross-Border Payments Tech

Payments firm Ripple has given MoneyGram, a remittance firm, over $11 million in the past half year, according to regulatory filings with the Securities and Exchange Commission (SEC).

The funds are broken up between two quarters, $2.4 million in Q3 and an additional $8.9 million in Q4, for a total of $11.3 million.

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Startup Tokenizes $2.2B in Commercial Real Estate Through Polymath

Commercial real estate marketplace Red Swan has tokenized $2.2 billion in real estate through security token platform Polymath.

According to Red Swan CEO Ed Nwokedi, $780 million of that is available to investors in pre-sale, while the company has another $4 billion in real estate in its tokenization pipeline.

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Dusk Network Plans to Tokenize Equity for Thousands of Dutch Companies

Security token platform Dusk Network says it will tokenize shares for thousands of small and medium-sized enterprises (SMEs) in the Netherlands and the broader Benelux region.

The Amsterdam-based company announced Thursday it has partnered with Firm24, one of the region’s largest shareholder registries, and will use blockchain for an automated infrastructure that could introduce market efficiencies and transform how shares, that are not publicly listed, are traded.

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5G router that can run bitcoin node

Electronics giant HTC has announced a new privacy-focused portable 5G blockchain router that enables users to run a full Bitcoin node.

Due to arrive by mid-year, the Exodus 5G Hub follows on from the success of the Tawainese manufacturer’s Exodus 1 phones, which also have the ability to run nodes.

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13,000 South Korean ATMs to enable Litecoin withdrawals

Litecoin (LTC), the cryptocurrency created by Charlie Lee to be the “silver to Bitcoin’s gold” back in 2011, may be about to see more real-world use as more than 13,000 ATMs in South Korea enable LTC withdrawals directly to Korean won (KRW).

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OKEx and Bitfinex Suffer a DDoS Attack

In what’s turning into a series of crypto exchanges with issues this month, Bitfinex and OKEx have both reported a distributed denial-of-service (DDoS) attack.

Just this morning (UTC time), Bitfinex took to Twitter to notify the user that they are investigating what seems to be a DDoS, sharing a status page for further updates on the matter.

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Samsung adds ETH and BTC support on the upcoming smartphone

This feature will be available to Samsung users in the US, Canada, South Korea, UK and Germany, among other countries. In 2019, Samsung had released Blockchain Keystore and effectively turned their phones into a cryptocurrency hardware wallet.

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Cardano (ADA) makes major changes to its node with crucial update

Blockchain platform Cardano have announced the release of a major update to its architecture. The update is made up of the Cardano Node and also includes Cardano Explorer Backend with Web API.

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Avril Group to use blockchain to track eggs

French agribusiness Avril Group became the latest to team up with IBM Blockchain to apply blockchain technology to trace its “Matines Eggs” range from the farms to the consumers.

The tracking will be done through Cloud network IBM Food Trust solution, which is based on Blockchain Hyperledger technology.

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Bitcoin (BTC) surpasses 500,000,000 transactions

According to data provided by on-chain research firm Glassnode, Bitcoin (BTC) has just reached a major milestone by recording more than 500 mln transactions.

The fact that Bitcoin has added more than 100 mln transactions since April 2019 flies in the face of crypto critics who keep parroting that no one uses it.

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Coinbase exchange is set to surpass 1 million Bitcoin (BTC) held in cold storage

Unlike the trading volume that is an easy-to-fake metrics, as the widely circulated Bitwise report from last year found that 95% of reported volume on unregulated exchanges is “fake,” cold storage data provides a better picture.

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It’s never been harder to mine Bitcoin

The mean hash rate of the Bitcoin (BTC) network has hit new all-time highs to mark the cryptocurrency’s latest technical achievement, fresh data suggests.

Compiled by monitoring resource Glassnode, a new analysis of Bitcoin’s historical hash rate shows that on Jan.

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BitFury partners with UN

Blockchain development firm Bitfury is set to partner with the United Nations Development Programme (UNDP) on a project to conserve and increase Kazakhstan’s forestland.

As the Astana Times reported on Jan.

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Nike to Tokenize Footwear on Ethereum Blockchain Network

Nike intends to use the Ethereum blockchain network to generate a unique digital asset for limited edition shoes. It got a patent to tokenize footwear on the Ethereum blockchain network.

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CCB Launches A Blockchain-Based Small Business Financing Platform

One of China’s largest financial institutions, China’s Construction Bank (CCB) launched its blockchain based re-factoring platform. The announcement, released on December 10th by local news outlet, Sina Finance App, further points out the bank aims to boost efficiency and reduce risks pinned to the factoring business.

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