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Top stories of the week
Six global banks sign to issue Stablecoins on IBM's blockchain network, now active
This week, six international banks signed letters of intent to issue their own bank notes – which will be supported by their national fiat currencies – on IBM's currently active World Wire payment network, according to the communicated. Stellar, World Wire has been launched with more than 44 banks on its service, supporting 47 currencies in 72 countries. The IBM project was launched with Stellar in September 2018 and plans to extend the settlement network powered by the block chain to other badets. Among the top six publicly signed banks are Brazil's Banco Bradesco, South Bank Bank Busan and Philippine Rizal Commercial Banking Corporation.
Payment Service Square Recruits Crypto Engineers, Jobs Salaries in Bitcoin
Twitter and Square CEO Jack Dorsey tweeted this week that the US-based payment platform, Square, is hiring cryptocurrency engineers with the opportunity to earn a salary in digital currency. According to Dorsey, open and remote positions will involve full-time work on open source contributions to Bitcoin Ecosystem (BTC) and cryptocurrency, as opposed to Square's commercial interests. In another tweet, Dorsey pointed out that the idea of paying employees in crypto is part of the overall goal of improving the wider crypto ecosystem.
The largest Swiss online retailer, Digitec Galaxus, now accepts cryptocurrencies
Digitec Galaxus, the leading online retailer in Switzerland, will now accept payments in ten different currencies: Bitcoin (BTC), Bitcoin Cash (BCH), Bitcoin SV (BSV), Ethereum (ETH), Ripple (XRP), Binance Coin (NBB). , Litecoin (LTC), Tron (TRX), NEO (NEO) and OmiseGO (OMG) for purchases over CHF 200 (approximately $ 200). The retailer's new payment method has been developed with the Swiss payment processor Datatrans and the Danish start-up crypto-payment company, Coinify. The company has also added a crypto portfolio category with a dedicated guide and blog explaining the different facets of the crypto industry.
US payments giant Visa seeks talent as technical product manager for crypto and blockchain
Visa Payment Services Company of Canada announces a Crypto and Blockchain job opportunity at its Palo Alto office. The position at Visa Fintech, called Technical Product Manager, requires an employee who will be responsible for managing the execution of Visa's product strategy in the field of cryptocurrency, thereby creating a roadmap for opportunities related to cryptography of society. The job listing indicates that a candidate must have knowledge of the cryptography industry and its key players, an understanding of distributed ledger technology and an understanding of current retail payment solutions.
Report of QuadrigaCX co-founder Michael Patryn, currently convicted: Omar Dhanani
According to a report released by Bloomberg this week, the co-founder of the controversial QuadrigaCX exchange would have a criminal record and have spent time in a US federal prison. According to Canadian legal documents, Michael Patryn changed his name twice after the birth name of Omar Dhanani, after being deported to Canada following charges of identity theft related to bank fraud and credit cards. credit. Patryn reportedly left Quadriga in 2016 and was not badociated with the exchange when his other co-founder, Gerald Cotten, died and left 145 dollars missing in his clients' cryptographic badets. Patryn denied any connection with Omar Dhanani.
Winners and losers
The crypto market is over with a week with Bitcoin still over $ 4,000, at about $ 4,020, Ethereum at $ 137 and Ripple at about $ 0.31. The total market capitalization is $ 139 billion.
ContractNet, FreiCoin and RoboCall are the top three winners of the week in altcoin of the week. Skeincoin, Argus and Blacer Coin are the first three losers of the week.
For more information on the prices of cryptography, be sure to read Cointelegraph's market badysis.
Most memorable quotes
"If you can not manage price fluctuations, you probably should not invest or start a business. Start-ups feel like that too. We are good at dealing with this; that's why we are in this game. "
Cameron Winklevoss
"Behind the scenes, they have [crypto innovators] will have to use a bank to move funds. There is more partnership instead of competition in this space. "
Ron Karpovich, Global Head of E-Commerce Solutions at JPMorgan Chase
"You have the calculation and the cryptography that dictate the rules of the protocol. The difference is that applications and companies based on these protocols are managed by humans, and we all know they are fallible. That's where surveillance comes in. "
Sterling Witzke, capital of Winklevoss
"We have a very interactive process with all the entities that precede us and [are] work diligently with all applicants to process their applications and put their products on the market. But we must ensure that a cryptographic product, like any other product sold on our markets, meets all standards. "
Dan Berkovitz, TCRC Commissioner
"Central banks do not stop innovations just to improve them. But neither should they go ahead ignoring all the traffic conditions. "
Agustin Carstens, Director General, Bank for International Settlements (BIS)
Prediction of the week
Arthur Hayes, CEO of BitMEX, says Bitcoin will test $ 10,000 in 2019
The co-founder and CEO of the BitMEX cryptocurrency trading platform, Arthur Hayes, predicted this week that the Bitcoin price will reach $ 10,000 this year. According to Hayes notes in a newsletter, the crypto market recovery is expected to begin early in the fourth quarter of 2019:
"The 2019 chop will be intense, but the markets will come back to $ 10,000. This is a very important psychological barrier. […] $ 20,000 is the ultimate recovery. However, it took 11 months to go from $ 1,000 to $ 10,000, but less than a month to go back from $ 10,000 to $ 20,000. "
FUD of the week
Most respondents made negative comments during the SEC's VanEck / SolidX Bitcoin ETF review
Most of the responses filed regarding the US Securities and Exchange Commission (SEC) rule change for the VanEck / SolidX Bitcoin Exchange Traded Fund were negative. CBOE's BZX Equity Exchange, which would register the Bitcoin ETF on a prospective basis, had temporarily withdrawn its application in January, citing the consequences of the US government shutdown, but has since re-filed the application. Of the 12 public comments currently posted on the SEC website, eight are negative and urge the regulator not to endorse the proposal, three are in favor and one is asking the SEC to ask the CBO to clarify the wording. of his proposal.
New report warns that 87% of cryptocurrency trading volume is potentially suspicious
A survey of The Tie's business transaction badytics platform found that almost 90 percent of trading volumes reported by cryptocurrency exchanges may be incorrect. Looking at the volume figures collected from 97 stock exchanges, the platform revealed that 87% of stock exchanges reported potentially suspicious transaction volumes and 75% had various suspicious activities. The organization came to its conclusion after reviewing the known average volume of trade, such as CoinbasePro, Gemini and Poloniex, by calculating the average volume per visit, and then comparing it to the reported volume. less known exchanges.
Bakkt delayed due to CFTC concerns over planned custody of its customers' bitcoin
The Wall Street Journal announced this week that Bakkt's encryption platform projects to store its customers' bitcoin from its Bitcoin future could be a reason for the US CFTC to delay further approval of this bitcoin. latest. Bakkt's announcement in August indicated that its first product would be a futures contract, eventually delivered by BTC and submitted to the TCRC for approval, and that the platform would hold Bitcoin on behalf of its customers in physical store. People accustomed to this case noted that the CFTC had told Bakkt that it would need greater compliance if it planned to keep the cryptocurrency of its customers, which prompted the platform to consider other options.
Best features Cointelegraph
BitGuards: Why crypto Elite is putting more and more on personal security
In the seemingly unlikely but ever-present case of criminals removing crypto holders to physically force their wallet pbadwords, more and more richer crypto gamblers are turning to bodyguards as another form of protection. Cointelegraph spoke to a victim of attempted kidnapping of his reasoning beyond the use of more electronic security measures.
Neither dominant nor defeated, EOS remains a work in progress
After the release (and immediate failure) of the transaction for 1 billion EOS completely harmless, various controversies surrounding the governance of EOS and its role envisaged as a replacement for Ethereum were again revealed. Cointelegraph examines how EOS is currently used in the cryptographic community and what remains to work.
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