Daily News Digest Featured News

Thursday February 15 2018, Daily News Digest

crypto volatility
Source: CoinDesk

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European Union

International

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Asia

MENA

South Africa

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News Summary

United States

Coinbase Releases Tool for Merchants to Accept Cryptocurrencies (Fortune), Rated: AAA

Digital-assets exchange Coinbase Inc. is releasing a service for merchants to accept Bitcoin, Bitcoin Cash, Ethereum and Litecoin payments, and deposit them into their own digital wallets, according to a blog post by the San Francisco-based company. The setup requires just an email address and a phone number.

The product, called Coinbase Commerce, can be directly integrated into a merchant’s checkout flow or added as a payment option on an e-commerce platform. Commerce platform Shopify, which was already accepting Bitcoin payments, is one of the first platforms to start using the service, Coinbase said.

Fork Confusion Propels Litecoin to 1-Month High Above $ 200 (CoinDesk), Rated: AAA

The cryptocurrency was last seen changing hands at $216, a one-month high, according to data service CoinMarketCap. Overall, LTC has appreciated by 33 percent in the last 24 hours, up over 100 percent from the Feb. 6 low of $106.94. Further, with the move, litecoin’s market capitalization has jumped above $10 billion for the first time since Jan. 29.

LTC appears to be edging higher due to news of an upcoming fork called “Litecoin Cash,” which is promising new tokens to existing holders at block 1,371,111. For every 1 LTC held at block 1,371,111, holders will receive 10 “LCC,” according to the official website.

Litecoin
Source: CoinDesk

The above chart (prices as per Coinbase) shows:

  • LTC has breached the falling trendline resistance on the back of a sharp rise in volumes. A high volume breakout indicates the rally is here to stay.
  • Short-term momentum studies indicate bullish setup: 5-day MA and 10-day MA are curled up in favor of the bulls.
  • The relative strength index (RSI) is above 50.00 (in the bullish territory) and on the rise, indicating scope for further gains in LTC.
  • Meanwhile, the 50-day MA is sloping downwards in favor of the bears.

Litecoin Rises Close To 40% As Markets Await Hard Fork (Forbes), Rated: A

The price of Litecoin surged close to 40% in the space of 24 hours, as the digital currency benefited from multiple factors including anticipation surrounding a hard fork that will reward those holding the altcoin.

The cryptocurrency climbed to as much as $218.23 earlier today, a more than 38% increase from the same time yesterday, according to CoinMarketCap.

Bitcoin Charity Donations Soared 10-Fold Last Year, Fidelity Says (Fortune), Rated: AAA

Donors contributed nearly $70 million in Bitcoin and other digital currencies to their favorite causes last year through Fidelity Charitable, according to a new report by the organization, an independent charitable arm of the Fidelity investment bank.

This amounts to a nearly ten-fold increase from the $7 million that people donated last year, says Fidelity Charitable, which helps support more than 255,000 non-profits. The report didn’t, however, break out individual recipients or specify how much of the $70 million was in Bitcoin versus other digital currencies like Ethereum.

GuildOne’s Royalty Ledger settles first royalty contract on R3’s Corda blockchain platform (GlobeNewswire), Rated: AAA

GuildOne Inc. (“GuildOne” or the “Company”) is pleased to announce the first execution of a royalty smart contract using the Company’s new Royalty Ledger application on R3’s Corda blockchain platform. The announcement was made at the Blockchain, IoT and Machine Learning in Oil and Gas Conference on February 14thin Calgary, Alberta.

Utilizing blockchain technology, Royalty Ledger successfully executed an oil royalty contract settlement and payment transaction.

Can the blockchain really disrupt the middleman freelance platform market? (Hackernoon), Rated: AAA

The freelance economy has taken the world by storm. There could be more freelancers than full-time workers in the US in just under ten years. Technology is driving much of this growth, with online middleman platforms like Upwork and Fiverr hosting billions of dollars worth of freelance gigs annually.

There are 57 million freelancers in the US alone, bringing in over $1.4 trillion dollars a year. A large Payoneer survey found that 70% of freelancers use online marketplaces to find work.

Here’s a quick breakdown of the fees of the major platforms:

  • Upwork: 20% up to $500, 10% up to $10,000, 5% over $10,000 per client
  • Codeable: 15%
  • Fiverr: 20% ($1 for a $5 gig)
  • Freelancer.com: 13% (3% to employers, 10% to freelancers)
  • TopTal: Undisclosed. High hourly rates of $65–200

There are some smaller startups that accept cryptocurrency payments such as XBTFreelancer, a 100% Bitcoin-based freelancer platform. But these projects haven’t really taken off, with only a few projects posted a day in all categories.

How Can the Blockchain Disrupt this Marketplace?

There are three main ways that the blockchain promises to improve the current services for both freelancers and employers:

  1. Faster, more efficient payments with cryptocurrencies.
  2. The elimination of middleman fees.
  3. The use of tokens and smart contracts to give new incentives for a better overall experience.

Sixteen percent of freelancers want faster payments from their freelance work.

Openbazaar has 0% fees on all transactions on its Bitcoin online marketplace, and up-and-coming blockchain freelance platforms are already promising 0–1% fees on their platforms.

Blockchain engineers are in demand (TechCrunch), Rated: A

Demand is off the charts for blockchain talent, and the capital is waiting to back it up. More than $3.7 billion has been raised through ICOs in the United States alone. Blockchain-related jobs are the second-fastest growing in today’s labor market; there are now 14 job openings for every one blockchain developer. And as Nick Szabo, the developer who coined “smart contracts,” pointed out, there is an extreme “$/knowledge” ratio in the blockchain space, where capital by far outpaces talent.

Today, Toptal, a marketplace for on-demand tech talent, is publicly launching their blockchain engineering talent vertical out of private beta. In today’s software development landscape, Toptal represents about 50 percent of on-demand engineering labor by revenue.

CFTC Technology Advisory Committee Discusses Blockchain, Distributed Ledger Technology (ETHNews), Rated: A

On February 14, 2018, the CFTC’s Technology Advisory Committee (TAC) hosted a meeting focused on bleeding edge topics in the FinTech world. These included blockchain and distributed ledger technology (DLT), virtual currencies, artificial intelligence, advanced trading algorithms, and machine learning. The meeting was open to the public and available via a livestream on the CFTC website.

IBM Says Blockchain is Ready for Government Use (ComputerWorld), Rated: B

IBM blockchain

Next-Generation Crypto-Ledgers Take the Block Out of Blockchain (Bloomberg), Rated: A

Hashgraph, like Bitcoin blockchain, is a distributed ledger, a decentralized online record of transactions that can be accessed by multiple parties. Once it launches a public ledger version, promoters say, hashgraph should be a faster, cheaper alternative to the blockchain, but the very features that can make the older system slower and costlier are also the ones that attracted investors in the first place.

With hashgraph every user participates in confirming transactions, so the process is faster, and transactions are processed as they come in, meaning hundreds of thousands can go through in a second, versus seven for the Bitcoin blockchain. And where the blockchain can cost users $55 a transaction, hashgraph’s costs are nominal.

More than 20 credit unions will deploy the system by year-end, said John Best, interim chief technology officer of the credit-union effort, CULedger, which has been tinkering with the technology for a year and a half. The group includes Suncoast Credit Union and CUDirect, a big auto lender. Credit unions want to use the tool to package large loans through “smart contracts,” according to Best.

 

Forbes’ ‘Fintech 50 For 2018’ List Includes 11 Blockchain & Crypto Companies (CoinTelegraph), Rated: B

In Forbes’ third edition of the “Fintech 50”, a list of the top 50 financial technology companies globally of 2018, released on Feb. 13, eleven of the companies listed use Blockchain technology or are connected to the cryptocurrency industry.

The founders of three of the companies, The Bitfury GroupCoinbase, and Ripple that made the Fintech 50 also made Forbes’ list of the “Richest People in Cryptocurrency” released last week.

Crypto Investors in America are Reporting Their Investments to IRS (Coinspeaker), Rated: A

Internal Revenue Service (IRS), the revenue service and taxation body of the United States federal government, has finally started to receive submissions from crypto investors who are now reporting their crypto investments. Based on a transaction to the U.S tax authorities, a company named as Credit Karma has recently reported that less than 100 out of 250,000 individuals have already filed federal taxes this year.

However, according to a Credit Karma study, a credit score startup and research firm Qualtrics studied data of 2000 Americans of which nearly 57% people admitted that have realized some gains from their cryptocurrency investments. Almost the same percentage of people said that they have never reported their cryptocurrency gains to Internal Revenue Service while nearly 50% of the 2000 Americans said that they are aware of the fact that investing in cryptocurrencies affect their taxes.

It’s not just bitcoin — ‘this is the everything bubble,’ analyst Peter Boockvar warns (CNBC), Rated: A

“If bitcoin resumes its decline here, I think that equity investors should pay attention. It’s a sign that maybe risk aversion is creeping into the markets again,” the firm’s chief investment officer said Tuesday on CNBC’s “Futures Now.”

Bitzumi Launches First Cryptocurrency and Blockchain Related Reg A+ Investment Opportunity (PR Newswire), Rated: A

Bitzumi, Inc. (“Bitzumi” or the “Company”), a digital content and asset platform that plans to enable users to transact in the cryptocurrency and blockchain marketplace, today announced it will launch its Regulation A+ offering at 12 p.m. EST on www.bitzumicorp.com, allowing any investor the opportunity to own stock in the Company. With the goal of raising $10 million USD, Bitzumi is offering 4,000,000 shares at $2.50 USD per share. The Company has filed a listing application with the NASDAQ Stock Market to list its common stock.

The Hard Thing About Crypto Price Valuation (CoinDesk), Rated: AAA

The New York Times economist Paul Krugman keeps bashing bitcoin. Why would you trade such a volatile asset, he asks, if it lacks fundamentals?

A key term when it comes to assessing price data is the Sharpe ratio. This is a score of the asset’s return on investment over its volatility. The goal is to maximize this value. A good Sharpe ratio should be above 1.0, usually.

Because all of the cryptocurrencies have seen such massive returns, their Sharpe ratios will also be above 1.0, generally. However, some are more volatile than others. Using the Sharpe ratio as a tipping point, we can determine what the best blend of crypto assets is for a preferred level of volatility.

crypto volatility
Source: CoinDesk

Some current fundamentals being proposed for crypto assets are:

  • Network value-to-transaction ratio (NVT) – this measures the amount of traded volume as an indicator of how actively used it is
  • Daily active users (alternatively, daily active addresses, or DAA) – how many users use the crypto asset in transactions on a monthly basis?
  • Supply-demand economics applied to crypto assets via monetary theory

ShipChain Joins The Enterprise Ethereum Alliance (Influencive), Rated: A

ShipChain is proud to announce that we have been accepted into the Enterprise Ethereum Alliance.

ShipChain has a who’s who list of industry veterans involved from Roger Crook (former CEO at DHL), Kevin Harrington (Shark Tank), Al Pettenato (Vice President at XPO Logistics) and high-level partnerships with established brands.

 

Mosaic network will reward researchers with its own cryptocurrency (Reuters), Rated: A

A group of academics and technology experts will soon launch a blockchain-powered network that will reward quality research with its own cryptocurrency called Mosaic.

Should Congress Create a Crypto-Cop? (The New York Times), Rated: A

The mania has also gotten the attention of regulators at the Securities and Exchange Commission and the Commodity Futures Trading Commission. But both can only look on — perhaps in horror — at what is happening. Laws adopted decades ago give the two regulators little authority to engage in oversight of the burgeoning market in cryptocurrencies.

That may change if Congress can muster the political will to extend the oversight responsibilities of two agencies it has been rather hostile to in recent years. A better way may be to create a new agency — one that does not carry the baggage that the S.E.C. and C.F.T.C. do on Capitol Hill and that does not try to put the square peg of cryptocurrencies in the round holes of securities and commodities trading.

Aim Exploration Researches Blockchain To Make A Coal Commodity Based Cryptocurrency Coin For Global Markets (Newsfile), Rated: A

AIM Exploration (OTC Pink: AEXE) (the “Company”), an SEC reporting public company listed as OTC PINK: AEXE, informs of a correction from yesterday’s release that the price range of anthracite is $100 to $400, not $100 to $4000.

Additionally the Company expands its business plan on research and development of a Cryptocurrency coin to be backed by the value of its coal reserves.

The company has retained LP Capital Group to assist in the research and development of a commodity based digital currency coin.

Five Phrases Every Startup Uses To Describe Their New Cryptocurrency (Forbes), Rated: B

Never use these buzzwords in your white papers promoting your company’s initial coin offering. They are as much a cliche as “it is what it is” and “avoid like the plague.”

Cryptocurrency mining is hampering the search for alien life (engadget), Rated: A

It turns out that high-end graphics cards are fantastic for mining non-bitcoin cryptocurrencies, which has led to a global shortage of GPUs. Gamers are livid at the lack of supply, especially as prices skyrocket on secondary markets. But they’re not the only ones with ruined dreams: The shortage has stalled plans to expand the search for alien life.

Search For Extraterrestrial Life (SETI) researchers want to build out their operations at two facilities, BBC reported, but they can’t find GPUs to buy.

Cryptocurrencies are making computers more expensive (The Week), Rated: B

Take a look at Amazon, or another retailer’s listed prices for GPUs — if you can find them. Many graphics cards are either temporarily out of stock or sold out entirely. Gaming site Polygon shares that the price of one graphics card, called the Nvidia GeForce GTX 1070, jumped from $380 to $700 in a year. Here’s another example: MSI’s GeForce GTX 1070 Gaming X is supposed to cost $459.99, but the actual price varies from $919.99 to $988.99. Some crypto miners aren’t shy about their conquests: They brag about emptying out store shelves, and show off their loot on Instagram. One miner proudly shared a photo of eight graphics cards they’d just bought, topping $7,000 in value.

United Kingdom

Divorcing couple fighting over $ 830K worth of Bitcoin (New York Post), Rated: A

It turns out that some crypto fans may soon ask for a particular type of regulation themselves, laws that protect their digital assets in case of a divorce. In the UK, a divorcing couple right now is quarreling over a stash of coins worth some $830,000. And there are no laws for it.

According to Business Insider, UK law firm Royds Withy King is currently advising no less than three divorce cases that involve cryptocurrency.

European Union

Swiss central bank has no plan for digital currency (Reuters), Rated: AAA

The Swiss National Bank is not planning to issue a digital currency, which would give holders a direct claim on the central bank, board member Fritz Zurbruegg said on Wednesday.

Kontrol Energy launches the bIOTAsphere, a Decentralized Ledger Technology accelerator & commercialization facility (Investor Intel), Rated: A

Kontrol Energy Corp. (“Kontrol”, or the “Company”) (CSE: KNR, FSE: 1K8) launches the bIOTAsphere, a Decentralized Ledger Technology (DLT) accelerator and commercialization facility serving academia, government, and business groups looking to bring solutions to market in the sectors of distributed energy, carbon reduction, smart buildings and the Internet of Things (IoT).

International

Bitcoin Mining Costs More Electricity Than Houses, But it’s a Non-Issue (CoinTelegraph), Rated: AAA

In December 2017, several analysts criticized the electricity consumption of Bitcoin and cryptocurrency mining centers, calling the mining process an “environmental disaster.” Earlier Cointelegraph reportedthat cryptocurrency mining will likely exceed electricity consumption of households in 2018.

In Venezuela, for instance, local residents are using Bitcointo order food, basic goods and medicine from outside of the country because the Venezuelan bolivar, the country’s national currency, has lost almost all of its value, and has become virtually worthless.

Speculation exists in any sector that is in the early stage of growth. In the beginning, investors are going to speculate on the value and price trend of cryptocurrencies and crypto-assets. However, as the industry matures and the market evolves, investors will inevitably move on from speculation to utilization of tokens for utility and fungibility.

electricity usage and bitcoin
Source: CoinTelegraph

Is electricity consumption a problem? Probably the one that market solves

Evidently, electricity costs contribute significantly to the operating costs of mining centers and facilities.

In regions like northeastern China, Peru and Chile, the supply of electricity generated from renewable sources is so abundant that electricity is distributed for free. Chile for instance, in 2016, produced so much solar energy that it had given away most of it for free. Since then, the government of Chile has constructed more solar plants and focused on building infrastructures to generate enough clean electricity to power the entire country without additional costs.

In Iceland, almost 100 percent of energy and electricity are generated from renewable sources. Hydroelectric power and geothermal energy account for 99.8 percent of Iceland’s electricity. In Norway, another popular country for cryptocurrency miners, hydropower accounts for a staggering 95 percent of electricity generated by the country. In both countries, electricity used by households and facilities are almost entirely generated by clean and renewable energy.

ETICKET4 SUCCESSFULLY COMPLETED PRE-ICO, SELLING 800,000 ET4 TOKENS FOR ALMOST $ 700,000 (Bitcoinist), Rated: A

Eticket4 held a private sale on 30 and 31 January, and on 1 February began pre ICO. For two weeks, the company sold 799,540 tokens ET4 (excluding bonuses). It was planned that the pre-ICO would continue until February 21, but the hard cap – 800,000 tokens – was reached earlier.

How to Protect Your Cryptocurrency (Business2Community), Rated: A

To avoid this type of attack you can contact your cellphone provider and ramp up your security to the highest level. Add complex passwords and authentication questions only you would know the answers to.

You can also create an email account you only use for your cryptocurrency transactions for your business.

Difficult and complex passwords should also be used for your business computers. Use antivirus software and be wary of phishing schemes and phony websites or emails.

Use Multiple Cryptocurrency Exchanges

Don’t buy, sell, or exchange cryptocurrency using only one website or business. Instead, diversify among several and store your digital money in more than one place. This will help you to protect your cryptocurrency.

Consider using a storage device not connected to the internet to keep your digital currency safe. Then, lock the device up in a secure location such as a safety deposit box.

Qtum (QTUM) Still Proving Skeptics Wrong (Stocks Gazette), Rated: A

QTUM simplified– a layered, decentralized blockchain that runs both the EVM and Bitcoin’s Unspent Transaction Output (UTXO).

The cryptocurrency then uses the Account Abstraction Layer to merge the Ethereum virtual Machine and UTXO. The result is that QTUM is able to host smart contracts from different platforms.

Let me say it once again: the cryptocurrency has become the first Blockchain to have a node in space.

Qtum announced that it was partnering 360 Finance, Qihoo 360’s subsidiary. Qtum is also partnering with New Bitcoin Foundation (BTN) on this project. The partnership will work to build Blockchain Technology Lab, the first one in China.

Blockchain to give global LGBT community a louder economic voice (ComputerWeekly), Rated: A

A global lesbian, gay, bisexual and transgender (LGBT) community organisation is using blockchain to create a global platform and digital currency to connect businesses and consumers in the trillion dollar Pink economy.

 

Denaro Platform: Bringing Liquidity to the Crypto Market (The Merkle), Rated: B

Denaro, a new crypto-fiat wallet and worldwide crypto-debit card is aiming to make things easier and straightforward for coin holders around the world. Its pre-sale has already reached the target and the main Token Generation Event is going to make place in the near future. Denaro is simply a multi-currency wallet and debit card with a global application.

Australia

How blockchain is helping Webjet improve efficiency, cut costs for hotel bookings (PhocusWire), Rated: AAA

When Microsoft announced in November 2016 that it was working with Australia-based online travel agency Webjet to build a blockchain proof-of-concept solution, the term “blockchain” was still relatively unknown.

For Webjet, the company has focused its blockchain work on the B2B side of its business, WebBeds, which offers more than 250,000 hotels in Europe, the Middle East, Africa, North and South America and Asia through its brands Lots of Hotels, Sunhotels, FIT Ruums and JacTravel.

Tell us about the solution you’ve created.

What we are trying to do is to provide a marketplace that a buyer and seller can come into, they can subscribe onto the blockchain solution, and then they can choose who they are doing business with and basically map, this is what my reservation file looks like, this is what your reservation file looks like, this is how we’ll agree to do business.

Your blockchain system has been in operation for about a year now. Have you been able to track any cost savings?

There is the labor costs to address disputes. We’ve pulled out various disputed bookings, and we’ve looked at what it has taken us to resolve some of those issues, to measure the inefficiencies caused by having to dale with those disputes. We came to an average of 15 minutes for mismatched booking in the back office.

We saw around 70% of those bookings have a hard loss, out-of-pocket funds. And about 90% of those could have been avoided if we dealt with them further up the chain rather than waiting for them to hit the back office with an invoice you don’t recognize. So those are the kind of metrics we were looking at – the labor cost and the expense.

Despite bitcoin crash, initial coin offerings attract Aussies to make money online (ABC.net.au), Rated: A

Warren Stokes knew nothing about bitcoin until his son began receiving yellow postal bags filled with $50 notes in the mail.

The cash was from cryptocurrency trading when his son was still in high school — about seven years ago.

Mr Stokes, 58, is now a casual “crypto” investor himself. At a recent cryptocurrency meet-up in Sydney, he was there to learn about the latest craze: initial coin offerings (ICOs).

Asia

How Blockchain Could Help End Modern Day Slavery In Asia’s Exploitative Seafood Industry (Forbes), Rated: AAA

According to a recent Global Slavery Index report, seafood companies are failing to prevent forced labor and outright slavery in their supply chains.

There are some 300,000 forced-laborers in the Thai fishing industry alone. Many of these people are migrant workers, mostly from Cambodia, Laos and Myanmar.

Provenance is an early adopter of blockchain technology in seafood supply chains. The London-based NGO has pioneered a system that traces pole and line-caught skipjack and yellowfin tuna in Indonesia, all the way from “catch-to-consumer.”

Starting in the so-called “first-mile,” after catching a fish and attaching an RFID tag, local fishermen use handheld devices to scan and upload the digital information to the cloud. This data then lodges itself in Provenance’s blockchain ledger, creating a permanent record as the fish passes through each stage of the supply chain, from traders and suppliers to processors and canners, all the way to end consumers.

Bitcoin is Heading to $ 10,000 as South Korea Considers NY-Style Bitcoin License for Exchanges (Coinspeaker), Rated: AAA

South Korea is considering the adoption of Bitcoin Licenses, or simply BitLicenses for short. The national exchanges may soon start working in accordance with the New York State Department of Financial Services’ model.

North Korea Embraces Cryptocurrency to Counter Global Financial Isolation (Recorded Future), Rated: A

In his 2018 New Year’s address, North Korean leader Kim Jong Un admitted that international sanctions had been negatively impacting his country.

North Korean leaders appear to be looking toward a new tool to increase independence and ease some of the economic burden — cryptocurrency.

Japanese Crypto Investors Flee Capital Gains Taxation of up to 55% (Bitcoin.com), Rated: A

The heavy taxes faced by large-scale bitcoin traders has prompted a number of Japanese cryptocurrency traders to explore relocating to jurisdictions offering more lenient taxation on earnings derived through virtual currencies.

According to Bloomberg, the chief executive of Shiodome Partners Tax Corp, Kengo Maekawa, indicated that “a handful of cryptocurrency-rich investors have already left Japan.” Mr. Maekawa stated that his firm has recently experienced a surge in clients in their 30s and 40s seeking tax advice on income derived from cryptocurrencies.

MENA

People are already flipping the Telegram ICO for millions, even though it’s not on sale yet (Quartz), Rated: AAA

The world of initial coin offerings (ICOs) is attracting so much interest that some investors are able to double their money—on paper—before an offering has even begun. This is the case with the chat app Telegram, which is targeting a blockbuster $1.2 billion ICO.

The offering is due to open to the general public in March, but investors who got in on an earlier, private investment round, are already flipping their GRAM cryptotokens for twice the price they paid, according to sale documents seen by Quartz.

Initial Coin Offerings Are Coming To Iran (International Business Times), Rated: AAA

Most Iranian blockchain fans prefer bitcoin, for both international transactions and storing their savings. But Ethereum is also gaining mainstream recognition, thanks in part to the initial coin offeringtrend. Business Insider reported ICOs raised $5.6 billion in 2017. Iranians, who have long been cut off from international investors and crowdfunding sources, are looking to join the ranks of global token sellers.

Paidar’s startup plans to launch an ICO this summer for the Iranian market, aiming to raise the equivalent of $1 million. This platform’s service would be extremely similar to Ripple in Silicon Valley, a fintech giant that can’t work directly with Iranian clients because of political tensions. In addition to the fintech focus, Paidar’s blockchain tools can also help register and transfer intellectual property.

Saudi central bank provides sandbox for banks to try out Ripple tech (Finextra), Rated: A

Ripple has signed an agreement with the Saudi Arabian Monetary Authority (SAMA) to create a pilot programme in support of KSA banks who choose to use xCurrent to instantly settle cross-border payments.

South Africa

Africa’s first bitcoin exchange targets 1 billion users (CNN), Rated: AAA

Luno, founded in South Africa in 2013, has plans to become one of the leading cryptocurrency traders in the world.

CEO and founder Marcus Swanepoel has a goal that would leave many bigger companies in the shade: 1 billion customers by 2025.

Canada

Canadian Securities Exchange Reveals Plans For Ethereum-Based Fundraising Platform (ETHNews), Rated: AAA

In a February 13 press release, the Canadian Securities Exchange (CSE), a stock exchange located in Toronto, revealed plans to introduce an Ethereum-based“securities clearing and settlement platform” through which approved companies can conduct “security token offerings“, or “STOs.”

According to the exchange, these STOs differ from ICOs in that “an issuer seeking to raise capital with an STO must meet the requirements of both provincial regulators as well as the CSE,” and will face ongoing oversight by the exchange and regulators.

Cryptocurrencies Are Creating Billion-Dollar Industries. The Next? Mining As A Service (Inc.), Rated: AAA

But according to Dan Reitzik, CEO of DMG Blockchain Solutions, the process of mining is far more complicated than people think.

DMG, a diversified blockchain company which recently went public under the symbol DMGI ~ TSX on the Toronto stock exchange, has recently “struck gold” in what is appearing to be the next big business to emerge from the rise of cryptocurrencies and the blockchain. With mainstream financial applications like Robinhood opening their doors for cryptocurrency trading, to markets for Bitcoin futures contracts being being created for investors, one thing is clear: whether you agree that Bitcoin and cryptocurrencies should be part of our economy is irrelevant to the fact that they’re clearly establishing themselves. And that means the technological demand for mining, which both builds and sustains the network these cryptocurrencies exist on, will only continue to increase.

While DMG has its hands in the four major monetization categories surrounding crypto–blockchain solutions, software, hardware, and mining–it’s clear the latter is quickly proving to be the most lucrative. And with a strong partnership already in place with Japan’s Bitmasters program of 40,000 cryptocurrency loyalists, the demand is through the roof for mining as a service (MAAS).

What is U.CASH and Why Did It Surge Thousands of Percent In Days? (CryptoSlate), Rated: A

Rising star U.CASH has recently made an explosive entrance into the cryptocurrency market, recording gains of thousands of percent just days from launch. U.CASH has now achieved a market cap of over $500 million and has settled into a strong position in the top 30 cryptocurrencies by market cap, promising financial freedom for the unbanked.

The U.CASH project began life as “SecuraCoin”, a Canadian startup focused on integrating digital currency payment methods and trading with brick-and-mortar retail businesses. The U.CASH project now aims to deliver financial freedom for the unbanked by allowing retailers to seamlessly exchange fiat currency for cryptocurrency through a planned “retail converter network”.

Toronto law firm to take cryptocurrency payments (The Lawyer’s Daily), Rated: B

Geoff Cher, a partner at Wildeboer Dellelce LLP, a Toronto-based business transactional law firm, said the firm has clients of both sides of the fintech equation. It assists startups get their business houses in order and it works with private capital and hedge fund investors with their capital pool formation. And since many of these clients have an interest in cryptocurrency and distributed ledger (blockchain) technology, Wildeboer Dellelce felt a need to support their efforts.

Authors:

George Popescu
George Popescu
Allen Taylor
Allen Taylor

About the author

Allen Taylor

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