Crypto Dygest 07 Mar 2018
Top 5 News For Today - 07 Mar 2018
Summary:
Japanese banking giant SBI acquired 40% of Taiwanese crypto hard wallet company; South Korean travel site with 50000 hotels partnered with Bithumb and will accept 12 cryptocurrencies; Russia drafts law to criminalise the use of cryptocurrencies as money; Decentralised exchange IDEX.market hits $13mln daily trade; Lithuania will issue digital collector coin.
BONUS Thread of The Day
Twitter Banned Kraken
1. Japanese Banking Giant Invests in Hard Wallet Maker
Japanese banking giant SBI have invested in Taiwanese crypto hardware wallet maker. They purchased 40% of the company, but nobody know how much that is worth in USD or in BTC. Plans are to implement secure technologies in their forthcoming cryptocurrency exchange.
https://www.ccn.com/japanese-banking-giant-sbi-invests-cryptocurrency-hardware-wallet-maker/
2. South Korean Travel Site Accepts 12 Cryptocurrencies
A big South Korean travel site with 50000 hotels signed up agreement with Bithumb and will implement cryptocurrencies in their system. Bitcoin, Bitcoin Cash, Ripple, Ether, Ethereum Classic, EOS, qtum, monero, litecoin, zcash, bitcoin gold and dash will be accepted. Project will launch in the first half of 2018. So if all you have is crypto, you can live in South Korea or at least travel there.
https://news.bitcoin.com/south-korean-travel-site-hotels-accept-12-cryptocurrencies/
3. Russia Draft Law To Criminalise the Use of Crypto as Money
Russia has many laws drafting at the moment in an attempt to regulate crypto space. This time they want to forbid and in some cases officially sue the use of cryptocurrency as money. The only official money of Russia is Ruble. Apparently, those companies that accepted bitcoin as a method of payment, converted them to rubles straight away citing that rubles were received. This is what government is trying to stop.
https://news.bitcoin.com/russia-drafts-law-criminalize-use-cryptocurrencies-money/
4. Decentralised exchange IDEX hits $13mln day trade
Decentralised exchanges do not hold any funds on their system. These platform synchronise platform with owner wallet and allow to make trades directly with other participants. The new era of exchanges is only rising and competition is relatively low. Etherdelta with their December hack lost the leading position with their daily trades falling from $28.5mln to $1mln.
https://news.bitcoin.com/decentralized-exchange-idex-hits-13-million-a-day-while-etherdelta-falters/
5. Lithuania Issues World’s First Digital Collector Coin
Lithuania hopes to become European Blockchain Hub. To support their intents, Bank of Lithuania will issue collector digital coin. It will not circulate as an official mean of payment but will be redeemable in the bank for fiat for a nominal value. In may, Vilnius will host Hackathon, bringing together tech and IT companies from around the world. It is believed that the proposed Digital Collector Coin details will take shape during the event and official statements will come straight after the Hackathon
BONUS Thread of The Day
Twitter banks official Kraken support account for ‘no reason’.
https://www.trustnodes.com/2018/03/06/twitter-bans-kraken
This is it for today.
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