The rundown: all major currencies – except XRP, LTC and BCH – are down in the morning; EtainPower partners with DxChain to change the traditional renewable energy market; Smart Valor plans to create the first stablecoin backed by the Swiss Franc; Bittrex International to launch a digital trading platform featuring a streamlined token approval process; Sweden’s central bank is planning to issue a central bank digital currency; and more.
Here is what is happening in the cryptocurrency market on Tuesday.
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In the News
EtainPower, the world’s first artificial intelligence energy ecosystem powered by blockchain, has teamed up with DxChain to bring a new product to the traditional renewable energy market. EtainPower and DxChain plan to break the monopoly of the centralized trading and energy assets held by technology giants by using blockchain technology and the token economy. They will use blockchain and artificial intelligence to revolutionize the centralized operation of traditional power systems with a model called “Power Generation Mining.”
Smart Valor is launching a project to create the first stablecoin backed by the Swiss Franc. Smart Valor, a digital assets platform and compliant marketplace for crypto, says that the Swiss Franc stablecoin will be offered through partnerships with banks and e-money institutions.
Rivetz, which offers embedded, blockchain-based mobile security solutions, and Payger, the new coin agnostic payment platform for digital assets, formed a partnership to enable mobile hardware security for the Payger P2P (peer-to-peer) payment and messaging platform. Payger will integrate Rivetz’s Dual Roots of Trust technology into its platform to protect digital assets and online transactions by enabling private key self-governance along with simple and secure password recovery. Users will be able to store their private keys within the secure enclaves of their mobile phones, transforming every phone into a mobile hardware wallet.
Bittrex International plans to launch a digital trading platform that will feature a streamlined token approval process and provide more trading options for qualified international customers. The new international trading platform, previously branded Bittrex Malta, will begin a brief evaluation period during the next few weeks to ensure optimal operations for international customers, the company said in a statement.
Sweden’s central bank, the Riksbank, is preparing to issue a central bank digital currency (CBDC) called the e-krona. In the latest report, the central bank states that while it has provided the general public with money for 350 years, the use of cash continues to decline and, in the future, cash may be so marginalized that it becomes difficult to use as a means of payment. “An e‐krona, could ensure that the general public still has access to a state-guaranteed means of payment,” according to the report.
Israel-based blockchain startup StarkWare Industries has raised $30 million in an equity round led by Paradigm. Other new investors include Intel Capital, Sequoia, Atomico, DCVC, Wing, Consensys, Coinbase Ventures, Multicoin Capital, Collaborative Fund, Scalar Capital and Semantic Ventures. The startup has assembled a team of experts in zero-knowledge proof systems and engineering to fix two of the main challenges in the blockchain space: privacy and scalability.
Two largest diamond producing companies, Alrosa and De Beers Group, are now testing a blockchain-powered platform to track assets. Alrosa announced that it has joined the Tracr platform, the end-to-end diamond industry blockchain traceability platform being developed by De Beers in collaboration with industry stakeholders.
Cryptocurrency Prices Today (As of 9:14 AM EST)
Bitcoin (BTC) is down 0.13% over the past 24 hours, trading at $6,317.46.
Ethereum (ETH) is trading at $196.17 in the morning, down 0.26% over a 24-hour period.
EOS is trading at $5.16, down 0.19% over the past 24 hours.
Ripple (XRP) is trading at $0.4468, up 1.06% over a 24-hour period.
Litecoin (LTC) is trading at $49.09, up 0.78% over a 24-hour period.
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