Crypto News: 16th – 22nd of July (Coinbase, Samsung, Stellar, Vechain, Genesis, bounty0x, Ethos)
Securities on Coinbase?
On 16th of July Bloomberg has informed that Coinbase informed that it got the green light to move forward with a trio of acquisitions that would allow it to become one of the first federally regulated venues for trading digital coins deemed to be securities.
Coinbase provided an update on its ongoing talks with regulators, showing it still has some work to do before its customers can trade security tokens but they seem to be on the right track.
Ability to provide trading for security tokens is a significant step to crypto adoption especially in USA.
Samsung tests cryptocurrency
On 20th of July it was reported that Samsung has accepting cryptocurrency payments in three Baltic States using crypto payment platform CopPay.
Customers in Estonia, Latvia, and Lithuania will be able to purchase Samsung smartphones, tablets, laptops, TV sets, and more with cryptocurrency. Initially it’s only in offline shops in few biggest cities (Tallinn, Riga, Vilnius, and Kaunas) but it was annouced via press release that cryptocurrency will also soon bcome an accepted method of payment on Samsung’s online stores.
While this announcement is not really that significant considering its only offline shops in few cities in small counties the overall sign is very bullish especially since Samsung already showed some bullish sings by entering crypto mining chips industry and usage of blockchain.
Stellar did incredibly well this week with several major updates.
IBM confirmed the increased adoption of Stellar by confirming that a couple of the largest banks” are adopting Stellar. The Stellar protocol also facilitates financial settlements at cross border level which serves as a valid instance of practical case
To help with the adoption IBM is exploring cryptocurrency pegged to the U.S. dollar. BM will also begin testing a so-called stablecoin, or “crypto dollar,” that runs on the Stellar blockchain network. The stablecoin is called Stronghold USD, after the fintech startup Stronghold that is behind the project.
On top of that Stellar has just received a certificate of Sharia compliance, one which will allow the coin to be used by Muslim population
Vechain has published more information about the VeChainThor Wallet and VET Token Swap including more information about the X-Nodes. If you are planning to run X-node make sure you register your node as soon as possible. All of the information is available on their Twitter and blog.
The popular exchange will swap the tokens automatically but if you store your Vechain tokens on Ledger or MEW you will have to do it yourself. The x-node registering has caused some price fluctuations since people try to dump tokens after registering and buying back lower meaning Vechain seems like a promising option right now.
Vechain has also annouced Cahrenheit an auto service related ecosystem powered by the VeChainThor Blockchain. It will add renheit new markets, information channels, user experiences and services creating the world’s first blockchain-based ecosystem for the automotive aftermarket economy.
Genesis Vision partnership with LMAX
On 16th of July Genesis Vision has annouced partnership with LMAX Digital. Genesis Vision is that a platform that combines traders, exchanges, investors, and brokers
LMAX Exchange was founded in 2010 as a trading platform with the support of multiple assets, since then LMAX Exchange has processed over $10 trillion dollars worth of transactions and has institutional clients in over 100 countries worldwide.
They trade BTC, ETH, LTC, BCH and XRP. It also offers crypto-fiat pairs for trading. It is an institutional exchange but the volume is impressive and the partnership is aiming to add fiat-crypto deposits and withdrawals for Genesis vision clients. It is actually bigger deal than it appears to be.
bounty0x (BNTY) and Ethos (ETHOS) updates
On 18th of July Bounty0x has annouced that their beta version of the platform is live .
Along many bug fixes and minor improvements, the Bounty0x Beta introduces the highly anticipated Bounty Sheriff staking functionality. From now on, users will be able to stake their BNTY to review submissions. The next step for the project is beta 2.0 with plenty of new functionalities.
On 15th of July Ethos announced their partnership with Payroc. Ethos is trying to build a bridge between the blockchain and existing financial institutions and systems all in one universal app.
Payroc a US-based merchant services and payment processing organization. They have 30k merchants throughout North America so that should help in achieving that goal.
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Not a financial advice.