Italian Postal Service Joins Hyperledger Blockchain Community

The Italian postal service provider, Poste Italiane, has joined the Hyperledger blockchain community, Cointelegraph Italia reported on Jan. 29. Hyperledger is a collaborative project led by the Linux Foundation which aims to create open-source standards for blockchain and Distributed Ledger Technology (DLT). It includes several industry leaders, including American Express, Cisco, Intel , JPMorgan, Deloitte and Huawei. Poste Italiane stated in a press release that joining Hyperledger is consistent with the service’s Deliver 2022 Business Plan. Part of the plan involves the acquisition and acceleration of new technology in the…

Ethereum-Based ‘Wrapped’ Token Backed by Bitcoin Launches

Wrapped Bitcoin (WBTC), an Ethereum (ETH)-based token backed by Bitcoin (BTC), has launched today, Jan. 31, according to a press release on the network’s website. The currency is a joint initiative by blockchain security firm BitGo, Kyber Network liquidity protocol and others. BitGo announced the development of the coin backed 1:1 with Bitcoin in October 2018. A statement by the firm then said that Wrapped Bitcoin will provide users with a “wide variety of new decentralized use cases including on decentralized exchanges (DEXs), as collateral for stablecoins or lending, for…

Ethereum Price Analysis: ETH Bullish In Short Term Above $106

ETH price recovered recently and broke the $105, $106 and $109 resistance levels against the US Dollar. Yesterday’s highlighted important bearish trend line was breached with resistance near $106 on the hourly chart of ETH/USD (data feed via Kraken). The pair is now placed nicely above the $106 level and it could recover towards the $113 or $114 level. Ethereum price started a short term correction against the US Dollar and bitcoin. ETH/USD remains supported for a recovery towards the key $114 resistance level in the near term. Ethereum Price…

Startup Offers “New Generation” Coin

A startup named Pyrex says it has created the “next generation cryptocurrency,” which enables untraceable payments and unlinkable transactions. Its ecosystem includes three separate but interchangeable blockchain payment methods, together with its own crypto bank, cloud mining platform and multi-currency exchange. Secure and private The first blockchain payment method is PyrexCoin (PYX), operated by a decentralized peer-to-peer (p2p) exchange network with no management or major issuer to rule it. The company assures that this cryptocurrency is untraceable, secure, anonymous and borderless. A p2p network makes all the users’ transactions on…

Alipay and WeChat Pay Require Huobi to Remove Payment Methods from OTC Desk

Alipay and WeChat Pay reportedly requested that crypto exchange Huobi remove their payment services from its over-the-counter (OTC) trading desk, local media agency Sina reported on Jan. 25. Major Chinese digital payments providers, Alibaba’s Alipay and Tencent’s WeChat Pay, have reportedly sent legal letters to Huobi, claiming that using both their services and logos on the exchange’s OTC market is unauthorized. According to information acquired by Sina, both Alipay and WeChat Pay have not provided Huobi with its payment services, nor given it permission to use their respective trademarks. However,…

South Korean Fintech Firm Launches ‘First’ Won-Backed Stablecoin

South Korea-based fintech firm BxB Inc. has launched the first supposed stablecoin backed by the Korean won, according to a press release shared with Cointelegraph on Jan 29. There was an initial beta soft launch of the coin on Airswap, a decentralized exchange platform, before the tokens were released on the global and Korean exchange, according to a Medium blog post by the co-Founder of BxB Inc, Alex Friedberg, earlier this month. The coin, KRWb, is reportedly the first stablecoin produced in South Korea to be backed by the national…

Nearly 80 Percent of Crypto Event Attendees Are Male

79 percent of attendees at crypto events are male, according to a report by events-oriented software firm Bizzabo on Jan. 28. After analyzing the registration information of 100 different cryptocurrency-related events in 15 countries, Bizzabo found that the overwhelming majority of attendees were male. In the course of the survey, Bizzabo took data from the United States, the United Kingdom, Belgium, Canada, Israel, Hong Kong, China and Australia, with the U.S. leading other countries in the number of registrants and attendees at crypto events. 57 percent of attendees were employed…

ConsenSys Developer Joins Ethereum Classic Cooperative as Executive Director

Bob Summerwill, a developer at blockchain tech company ConsenSys, has joined the Ethereum Classic Cooperative as its executive director, according to an official announcement on Jan. 29. The Ethereum Classic Cooperative manages the development and growth of the Ethereum Classic (ETC) cryptocurrency’s protocol. Ethereum Classic is the result of a hard fork in 2016, arising out of differences into how to respond to the high-profile DAO hack of the Ethereum (ETH) blockchain. Per the announcement, Summerwill will develop relationships that help the mission of the organization and grow ETC’s development…

Fidelity’s Bitcoin Custody Service Could Launch This March

Fidelity Investments, one of the world’s largest asset managers, is breaking into bitcoin custody. According to a recent report from Bloomberg, three people “with knowledge on the matter” from firms in contact with Fidelity have said that the company is tentatively planning to launch a custody service for bitcoin in March. This move would fall in line with the company’s recent pushes toward the crypto space. Last October, Fidelity announced the creation of a platform for institutional traders to invest in cryptocurrencies, using over-the-counter trading and cold storage to ensure…

Genesis Capital | Crypto Lending Weathers a Bearish Market

Crypto lending firm Genesis Capital processed $1.1 billion in loans last year. This is according to the company’s recently released ‘Lending Snapshot’ for Q4 2018. Genesis Capital The figure shows the massive growth in processed loans as Bitcoin price fell over 44% in 2018. The first Digital Asset Lending Snapshot was released at the end of Q3 2018. This reported that Genesis processed $553 million in loans from the period starting March 2018. Therefore the most up-to-date figures show that “Q4 loan originations increased more than 100% in the final three months of 2018…