The rundown: Bitcoin and all major currencies were down in the morning; Digital Gold Exchange to create a cryptocurrency payment system for with South Korea’s medical group Regen; Ernst & Young plans to hire 2,000 employees in India to offer blockchain and other digital solution services; The COO of global crypto payment processor BitPay sees Bitcoin hitting $15,000 to $20,000; Swiss Federal Railway successfully tests a blockchain-powered identity management system; and Cryptocurrency exchange Bitex launches in the United Arab Emirates.
Here is what is happening in the cryptocurrency market on Friday.
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In the News
Digital Gold Exchange (DGE) has entered into partnership with South Korea’s medical group Regen to launch a cryptocurrency payment system for medical service. Using DGE’s TMTG coins, patients will be able to pay for Regen’s medical service. DGE will provide the technological basis for the payment system using their coin TMTG, while Regen will provide their medical service. Three coins will be accepted on the payment system: Bitcoin (BTC) and Ethereum (ETH), and DGE’s own TMTG.
Global private capital platform CapBridge Pte. Ltd. has received approval from the Monetary Authority of Singapore for its associated entity CapBridge Platform Pte. Ltd. to operate a securities exchange known as 1exchange as a recognized market operator in Singapore. CapBridge and global blockchain technology firm ConsenSys are building a fully-compliant private securities exchange built on the public Ethereum blockchain. The regulated and secure exchange will offer services that include the listing and trading of security tokens.
Ernst & Young says it will hire 2,000 employees in India to boost its digital solution services in blockchain, artificial intelligence, automation and tax technologies, reports Economic Times. Ram Sarvepalli, leader of advisory services India, and partner, emerging markets center at Ernst & Young, told the Times that the hiring would be a mix of lateral and fresher talent.
Sonny Singh, the COO of global crypto payment processor BitPay, believes that the price of Bitcoin (BTC) will hit $15,000 to $20,000 by the end of 2019. During an interview with Bloomberg News, Singh said that the world’s most popular cryptocurrency will get a boost in 2019 when mainstream financial sector giants such as Fidelity and Intercontinental Exchange will launch their crypto products.
Swiss Federal Railway (SBB) has completed a proof of concept of a self-sovereign blockchain-powered identity management system, Cointelegraph reports. The identity management system was developed by Switzerland-based firm Linum Labs using Ethereum-based identity management protocol uPort. It was SBB’s workers at the company’s construction sites.
Cryptocurrency exchange Bitex has started operations in the United Arab Emirates. Based in Dubai, the trading platform will support Bitcoin, Bitcoin Cash, Ethereum and Litecoin. In addition, the crypto exchange launched a cryptocurrency wallet to offer cash deposit service to its clients.
Cryptocurrency Prices Today (As of 8:11 AM EST)
Bitcoin (BTC) is down 3.48% over the past 24 hours, trading at $4,316.65.
Ethereum (ETH) is trading at $212 in the morning, down 4% over a 24-hour period.
Bitcoin Cash (BCH) is trading at $3.62, down 3.21% over the past 24 hours.
Ripple (XRP) is trading at $0.4104, down 5.94% over a 24-hour period.
Litecoin (LTC) is trading at $31.92, down 3.41% over a 24-hour period.
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