Bank Frick, a leading European blockchain bank, has expanded its range of cryptocurrencies for which it offers trading and custodian services. Bank Frick now offers trading and secure custody of bitcoin cash (BCH) for professional market participants and wealthy private clients. Trading takes place within the fully regulated environment of the bank. Also Read: Liechtenstein Bank Creates Cryptocurrency Trading Platform for Institutional Investors Security With Cold Storage Solutions and Diversification As of today, professional market participants can invest in bitcoin cash (BCH) at Bank Frick. The cryptocurrency can be bought…
Day: January 30, 2020
Bitcoin Cash Sees no Blocks for 5 Hours, No Significant Backlog Due to Low Usage
The Bitcoin Cash (BCH) blockchain has seen no new block for five hours earlier today. However, due to low usage, the transaction backlog was cleared without difficulty and normal activity resumed. Data available on advanced blockchain explorer Blockchair show that BCH block number 620025 was mined at 2:14 on Jan. 30. The next block, number 620026, was found at 7:33 of the same day with 6,950 transactions in 2.33 megabytes, an unusually high number. The following block carried 1,590 transactions in 0.56 megabytes, after which another block has seen a…
Two Social Networks Announce Plans to Integrate YouNow’s Props Token
When YouNow launched the props token on ethereum last July, the company’s goal was always for other companies to use it. Now YouNow says two other peer-to-peer sites are integrating the crypto token: Camfrog and Listia. Camfrog is launching in a matter of weeks. Listia expects it to go live in March. The token, which was granted a Reg A+ qualification from the U.S. Securities and Exchange Commission (SEC), is used to reward content creators for driving revenue on YouNow’s video-streaming platform. “We have chosen to use the Props token,…
Two Social Networks Announce Plans to Integrate YouNow’s Props Token
When YouNow launched the props token on ethereum last July, the company’s goal was always for other companies to use it. Now YouNow says two other peer-to-peer sites are integrating the crypto token: Camfrog and Listia. Camfrog is launching in a matter of weeks. Listia expects it to go live in March. The token, which was granted a Reg A+ qualification from the U.S. Securities and Exchange Commission (SEC), is used to reward content creators for driving revenue on YouNow’s video-streaming platform. “We have chosen to use the Props token,…
Zap’s New Product Lets Merchants Take Dollars Over Lightning Network
“You get to talk to lightning nodes with dollars.” That’s how Zap CEO Jack Mallers described his lightning wallet’s new U.S. dollar clearing system in a phone interview with CoinDesk. Announced Thursday, the upgrade aims to address a number of hurdles faced by current cryptocurrency payment options. “You can download it, link your bank account, your debit card and you can scan any lightning payment you want,” Mallers said. “Then it will turn around and it will debit your account so that you’re using U.S. dollars to interact with the…
Coronavirus Controls in China Are Delaying Crypto Miner Deliveries, Firms Say
Two leading manufacturers of crypto mining hardware notified customers their shipments would be delayed at least a week because of the coronavirus quarantine in China. This week MicroBT, Bitmain and Canaan notified customers the application-specific integrated circuits (ASICs) they ordered would not be immediately sent, as the Chinese government extended New Year holiday hours due to the outbreak, according to Artem Eremin, product manager of the ASIC retailer 3Logic. MicroBT published a notice on WeChat referencing a decision made by the Guangdong provincial government to extend the Chinese New Year…
‘One Network, Many Chains’ – The Case for Blockchain Interoperability
The man who wrote Mastering Bitcoin, Andreas Antonopoulos, is anything but a bitcoin maximalist. At the Blockstack Summit in San Francisco in October, he spoke about a subject that’s already proving to be one of the most-watched topics going into 2020: inter-blockchain communication (IBC). “I find it astounding after all this time that people still try to follow this idea of ‘winner takes all.’ One coin to rule them all. One chain above all else. We’re coming for ya. The flippening,” Antonopoulos said. The “flippening” is the conviction that ethereum’s…
Mercedes Will Use Blockchain to Track Carbon Emissions in Cobalt Supply Chain
Major car manufacturer Mercedes Benz and blockchain startup Circulor are jointly rolling out a pilot aimed at the tracing carbon emissions in the cobalt supply chain. According to a Jan. 30 press release, the project by Mercedes and Circulor comes as part of the Startup Autobahn initiative, aimed at identifying next-generation automobiles. The companies will deploy blockchain to trace the emissions of climate-relevant gases and the amount of recycled materials along the complex supply chains of battery cell manufacturers. Mercedes eventually intends to use data collected during this pilot to…
Cambodia Readies a Blockchain-Based Digital Currency
The National Bank of Cambodia (NBC) is readying a central bank digital currency (CBDC) to be launched at some point during the current fiscal quarter. Chea Serey, NBC’s director-general, told the Phnom Penh Post this week the central bank was developing “the national payment gateway for Cambodia” as a blockchain-based, peer-to-peer platform with its own specially designed cryptocurrency. She did not give a definite date on when the CBDC would be launched. Known as “Project Bakong” and first trialed by NBC in July 2019, the CBDC will work on a…
Crypto News Roundup for Jan. 30, 2020
With bitcoin traders looking for a move to $10,000, Markets Daily is back with news of the day and clips of Democratic U.S. presidential hopeful Andrew Yang’s recent crypto comments. Disclosure Read More The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source