“Institutions will now be able to trade on every single crypto market simultaneously thanks to GlobalX, an API platform launched on March 31 by San Francisco-based firm Apifiny.
The firm opens business accounts with as many exchanges as possible across the entire world, while presenting a unified interface to its clients. [This] allows institutional traders to make large orders without depressing the price on one specific exchange.
We’re not directly competing with exchanges, we see them as strategic partners. I think our role is that of a prime broker.
GlobalX could be considered as a sign that the crypto industry is maturing as an asset class. Its team stressed that connecting global liquidity could finally bring large institutional investors on board.“
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“This is the first hot-wallet insurance offering to date that offers $1 million in protection. The insurance is assigned automatically when a user registers for a Civic wallet.
The policy provides the same sort of comprehensive guarantee found with credit cards and bank accounts. It also offers better cover than many existing custodial solutions, such as BitGo or Gemini.
This is the first [example] where essentially an entire platform is guaranteeing the funds of their customers.”
“France’s central bank wants to experiment with integrating digital currencies. These projects will help France’s central bank understand the risks and mechanisms of CBDCs and also contribute to the eurozone’s digital cash conversation.
We as central banks must and want to take up this call for innovation at a time when private initiatives – especially payments between financial players – and technologies are accelerating, and public and political demand is increasing.”
“The data is the first strong signal, beyond scattered anecdotes, that U.S. citizens are now withdrawing more cash than usual from banks and ATMs amid concerns over the effects of the coronavirus pandemic.
The surge is the biggest since late 1999, when fear of a global digital systems crash caused by a rumored glitch in numerical dates – the so-called “Y2K bug” – sparked a frenzy of withdrawals and panic buying.”
“Binance is in the final stages of talks to acquire CoinMarketCap. The crypto exchange is looking to pay as much as $400 million, [according to] people familiar with the deal.
CoinMarketCap’s ability to drive a significant amount of traffic is one of the major reasons for the acquisition. CoinMarketCap’s traffic is 80% more than that of Binance’s.
The cash-and-stock deal is expected to be announced this week. When completed, that would make it one of the largest acquisitions in the crypto space.“
“That means they can access Unstoppable’s Ethereum smart contract-registered, InterPlanetary File System-stored (IPFS) websites without leaving the browser address bar.
IPFS’ reliance on distributed computers instead of a single corporate entity’s servers make .crypto websites censorship resistant.
When I view a website, the browser is looking up the Ethereum blockchain itself in order to find my website content, instead of looking it up on the DNS servers.”
“BMW Group plans to roll out its blockchain supply chain solution to 10 suppliers this year. PartChain is designed to ensure traceability and immediate data transparency for automobile components across complex supply chains that engage multiple international parties.
The project has led to the creation of the MOBI Vehicle Identity Standard, which aims to establish a blockchain-based database for Vehicle Identity Numbers.”
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“Chairman of the Russian State Duma Committee on Financial Markets, says that the country’s crypto law — the bill “On Digital Financial Assets” — is now finalized but won’t be adopted before the end of the spring 2020.
Aksakov added that Russia’s upcoming crypto law will provide a definition of cryptocurrencies and prohibit the use of crypto as payment. Additionally, the law will include the issuance and circulation of digital assets. Aksakov also emphasized that the new law won’t hinder operation of crypto exchanges.“
- “Least Authority Phase 0 audit complete
- Phase 0 Pre-Launch Bounty Program launched
- Unification of eth1+eth2 communications”
See Also: Bounty Program
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“Tokyo-based Hitachi announced it would work in collaboration with U.S.-based ConsenSys to provide PegaSys Plus to the Japanese market.
The global IT firm intends to use the platform built on Hyperledger Besu to streamline operations related to digital asset trading, electronic coupons, supply chain management, and certification.
We think Japan has the potential to be one of the fastest growing blockchain markets in the world over the coming years.”
“The BGA — a coalition of 90 game and blockchain companies advocating for blockchain technology within the gaming industry — will seek to strengthen blockchain adoption to expand player capabilities without any barriers.
I’m a strong believer in aligning the interests of players, creators, and game developers and will continue to encourage true ownership for game players and creators through the inclusion of the blockchain industry.”