Bitcoin and all major cryptocurrencies – except EOS – were down in the morning; Forbes has joined the blockchain journalism network; Mastercard (NYSE:MA) won a patent for a blockchain system to support multiple currencies; IBM (NYSE:IBM) will help the Central Bank of Azerbaijan (CBA) implement blockchain technology; Singapore’s central bank is ready to help crypto firm in setting up local bank account; Bitcoin.com plans to launch its own cryptocurrency exchange.
Here is what is happening in the cryptocurrency market on Wednesday.
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In the News
Blockchain finance company Clearmatics Technologies has raised more than $12 million in a Series A funding round led by Route 66 Ventures. Private equity firm TNF Capital and XTX Ventures, the venture capital arm of XTX Markets, participated in the funding round. Clearmatics is building financial market applications to streamline payments and clearing and settlement processes.
Forbes has joined the blockchain journalism network Civil to publish content on a decentralized network. Confirming the move on blogging portal Medium, Civil co-founder Matt Coolidge said that Forbes will integrate Civil’s application into its own content management system to allow journalists to upload their stories to the Civil network while posting them to the Forbes website at the same time.
Mastercard Inc won a patent for a blockchain system with different kinds of blockchains to support multiple currencies. The patent, titled Method and system for partitioned blockchains and enhanced privacy for permissioned blockchains, includes a modified version of a blockchain system that would be able to store multiple transaction types and formats.
IBM is reportedly working with the Central Bank of Azerbaijan (CBA) to use blockchain technology to transform the country’s economy. Trend News Agency reported that the announcement about the IBM-Azerbaijan blockchain partnership was made by Farid Osmanov, director of the information technology department of the CBA at the Azerbaijan-Germany Business Forum on Energy and ICT in Baku.
The head of Singapore’s central bank says that they are ready to help cryptocurrency companies in opening local bank accounts. Ravi Menon, managing director of Monetary Authority of Singapore, told Bloomberg that the financial regulator will make sure that cryptocurrency startups and companies get access to domestic banking services.
Bitcoin.com, which provides Bitcoin (BTC-USD) and Bitcoin Cash (BCH-USD) services, plans to launch its own cryptocurrency exchange. In an interview with Bloomberg, Bitcoin.com CEO Roger Ver said that they want to buy or set up their own crypto exchange that would be placed on Bitcoin.com. Roger believes that the crypto platform will receive “thousands or tens of thousands of new users every single day” through the website.
By working with the British embassy, the Thailand Ministry of Commerce is conducting a feasibility study to investigate how blockchain technology can be used to manage intellectual property and copyrights, according to a report from The Bangkok Post. During the first phase of the study, Thailand’s Trade Policy and Strategy Office will focus on “traceability, digital IDs, company and IP registration management, and trade financing”, according to the report.
Cryptocurrency Prices Today (As of 9:04 AM EST)
Bitcoin (BTC) is down 0.51% over the past 24 hours, trading at $6,556.81.
Ethereum (ETH) is trading at $225.25 in the morning, down 0.41% over a 24 hour period.
EOS is trading at $5.92, up 1.02% over the past 24 hours.
Ripple (XRP) is trading at $0.4688, down 0.78% over a 24-hour period.
Litecoin (LTC) is trading at $57.76, down 1.03% over a 24-hour period.
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