Digital assets platform Bakkt — created by the operator of the New York Stock Exchange (NYSE) — has announced the completion of its first funding round in a blog post today, Dec. 31.

The institutional investor-focused cryptocurrency platform from the Intercontinental Exchange (ICE) has officially raised $182.5 million from 12 partners and investors, according to the post.

The partners and investors reportedly include major names in both traditional finance and crypto-oriented investing, including ICE, Boston Consulting Group, Galaxy Digital, Goldfinch Partners, Alan Howard, Horizons Ventures, Microsoft’s venture capital arm and Pantera Capital.

Bakkt also noted in the announcement that the company is working with United States regulators — namely the  Commodity Futures Trading Commission (CFTC) — to obtain “regulatory approval for physically delivered and warehoused bitcoin,” adding:

“We have filed our applications and the timing for approval is now based on the regulatory review process.”

Also today, ICE separately announced in a notice that the firm “expects to provide an updated launch timeline in early 2019, for the trading, clearing and warehousing of the Bakkt Bitcoin (USD) Daily Futures Contract.” In late November, the long-awaited digital assets platform stated that it was targeting Jan. 24, 2019 as a launch date, pending CFTC approval.

ICE first announced plans to create a Microsoft cloud-powered “open and regulated, global ecosystem for digital assets” in August, as Cointelegraph reported at the time.

Multiple experts and commentators in the crypto and blockchain industry have pointed to Bakkt’s coming launch as a major factor that will help crypto markets rebound from this year’s ongoing bear market.

This post credited to cointelegraph Image source: Cointelegraph

Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, is likely to delay the launch of Bakkt, its bitcoin futures trading and custody platform, a second time, CoinDesk has learned.

The company last set Jan. 24 as the launch date. However, ICE has yet to receive the necessary approvals from the U.S. Commodity Futures Trading Commission (CFTC), and at the pace the agency has been moving, it is unlikely that approvals will be secured in time to hit that target.

To be clear: That does not mean the CFTC won’t ultimately approve the plan. A person familiar with the agency’s inner workings said even a Jan. 30 launch was still plausible, meaning the delay could be just a matter of days.

Specifically, the CFTC must grant an exemption for Bakkt’s plan to custody bitcoin on behalf of its clients in its own “warehouse,” according to sources familiar with regulatory discussions of the plan. CFTC regulations normally require that customer funds be held by a bank, trust company or futures commission merchant (FCM).

The agency’s staff has finished reviewing Bakkt’s exemption request and passed it to the commission on Friday, one source said. Now the commissioners have to vote on whether to put out the proposal for public comment. After the 30-day comment period, the commissioners would likely take at least a couple days to read the comments, and then vote on the proposal itself.

But here’s the deal: Monday and Tuesday are now federal employee holidays. So unless these government officials decide to work on their days off, the earliest the commissioners are likely to vote on a public comment period and thereby start the 30-day clock is Wednesday, Dec. 26, the day after Christmas.

That already would push any final vote past Bakkt’s Jan. 24 launch target, even without taking into account the time needed to read the public comments. The possibility of a U.S. government shutdown threatens to further delay the process.

The exchange is likely to issue an updated launch target date, but not until next week, another source said.

This would be the second postponement. ICE had originally aimed to launch Bakkt in December, but last month it said that the “volume of interest” in the company and the “work required to get all the pieces in place” necessitated a delay.

Unlike the bitcoin futures offered by CME Group and Cboe, Bakkt’s will be physically settled, meaning actual bitcoin will change hands rather than cash when the contracts expire.

Photo via Stan Higgins for CoinDesk. From left: Michael J. Casey, the chairman of CoinDesk’s advisory board, interviews Bakkt CEO Kelly Loeffler and ICE chief Jeffrey Sprecher at Consensus: Invest 2018.

From an explosive report on Bakkt to a new payments partnership at Ripple, here’s a look at some of the stories breaking in the world of crypto.

Bitcoin

A new Bitcoin futures product – which will settle in Bitcoin instead of cash – is reportedly about to get the green light.

According to the Wall Street Journal, Bakkt’s Bitcoin futures are “expected to soon get regulatory approval” from the Commodity Futures Trading Commission.

Bakkt, a scalable on-ramp for institutional, merchant and consumer participation in cryptocurrencies, is backed by the Intercontinental Exchange, the parent company of the New York Stock Exchange. In addition to Bitcoin futures, Bakkt plans to launch a cryptocurrency exchange and has partnered with Microsoft and Starbucks to allow people to buy, sell, store and spend cryptocurrencies on a global network.

Its approval would mark the first Bitcoin futures contracts to pay out in crypto instead of cash.

Ripple and XRP

One of the biggest banks in Turkey says it will use Ripple’s cross-border payments technology to power payments to and from the UK. Akbank says it will work with Santander UK to establish the new remittance corridor.

Akbank

@Akbank

Direkt Bankacılık Genel Müdür Yardımcımız Tolga Ulutaş: “Akbank’tan Santander UK’e Ripple üzerinden blockchain altyapısı ile GBP para transferleri başladı.”

126 people are talking about this

Meanwhile, the enterprise blockchain software company R3 is revealing more on how its new crypto payments app featuring XRP works behind-the-scenes.

The company just released an overview and a new video detailing how Corda Settler moves value across the XRP ledger.

LItecoin, Ethereum, Bitcoin Cash, Dash, Monero, Dogecoin, Zcash

New analysis from DataLight shows crypto ATM adoption spiked in 2018.

After Bitcoin, the most popular coin on crypto ATMs is Litecoin, followed by Ethereum, Bitcoin Cash, Dash, Monero, Dogecoin and Zcash.

Tron

TronCard is gearing up for launch. The crowdsourced Tron-based DApp accelerator Sesameseed just released a comprehensive overview of its key features.

The card is designed to work with Poppy, a payment processor on the Tron blockchain, and other popular Tron wallets to enable TRX payments at retail stores and peer-to-peer.

This post credited to Daily HODL Image source: Daily HODL

Bakkt CEO, Kelly Loeffler, and the Intercontinental Exchange chairman, Jeff Sprecher, recently spoke to MIT Media Lab’s Michael Casey at CoinDesk’s Consensus: Invest Conference. The chat was broadcast via the “Inside the ICE House” podcast earlier today.

The two CEO’s talked in depth about their plans for the much-anticipated Bakkt platform, including what makes it different to other products already out there today, and why it will only focus on Bitcoin to begin with.

Will Bakkt’s Federally Regulated Price Discovery be Good for Bitcoin?

The conversation between Loeffler, Sprecher, and Casey began with a simple enough question: Does price matter to you?

Loeffler responded first that it made little difference to the use of digital assets what they were priced at. The CEO went on to muse about the future of crypto more generally, particularly set within the context of the current bear market:

“When I think about what we’re doing at Bakkt what our peers in this space are doing, what all of you in this room are doing, I think about the headline’s today, ‘Will Digital Assets Survive?’ and I’d say the unequivocal answer is ‘yes’.”

This led smoothly on to perhaps the most oft-repeated topic of conversation during the presentation. Both Loeffler and Sprecher hold that the most important thing Bakkt would bring to digital currency was fully regulated price discovery for the first time ever. This, the pair agreed, was the primary focus of the platform. Sprecher stated:

“We develop systems where there can be transparent and competent price discovery.”

Loeffler added that institutions needed certainty before they would take the plunge into the world of cryptocurrency. One way of achieving such certainty was by being fully regulatory compliant at the Federal level – something that Bakkt is keen to achieve.

Another way to inspire confidence from the various institutions that the ICE networks with is by having a price discovery method that is free from manipulation. Since Bitcoin is the only digital asset currently recognised by the US government as a commodity, it is uniquely placed to be offered to institutions on such a regulatory compliant platform.

How is Bakkt Different From Other Products Around Today?

The conversation moved to addressing how the Bakkt platform would differ from other exchanges or financial products, such as the CBOE and CME futures contracts launched last December. Loeffler spoke first on the topic:

“At ICE, we’re the largest exchange operator in the world, we operate a dozen exchanges across US, Europe, Asia, Canada, clearing houses. So, we’re connected institutionally around the world to the largest traders of all asset classes.”

Sprecher added that the Bakkt exchange platform will also use its own clearing house. Since everything is going to be entirely pre-funded, there is expected to be far less leverage risk. This clearing house will has also have its rules set by a risk committee comprising of some of the US’s largest financial institutions. These are the same rules that will be taken for the approval of the US government. The hope is that the acceptance of the rule set from such prestigious names will encourage them to offer their approval. This in turn will inspire confidence in the Bakkt platform for investors.

The conversation then moved to Starbucks’s involvement in Bakkt. Loeffler stated that they were also highly interested in helping to put digital assets to use in the real-world. This is something Starbucks was interested in exploring too, so the partnership made a lot of sense. She added that other big names had expressed interest in working with Bakkt in a similar capacity too:

“Since that announcement we’ve heard from others that want to do that.”

This post credited to News BTC Image source: News BTC 

New York Stock Exchange chairman and CEO of Intercontinental Exchange (ICE) is enthusiastic about Bitcoin and cryptocurrency, despite the bear market.

At the Consensus Invest conference in New York, Jeffrey Sprecher responded to headlines like “Will digital assets survive?” As reported by Barrons, Sprecher said,

“I’d say the unequivocal answer is yes. We’re kind of agnostic to price.”

Cryptocurrency has become somewhat of a family business for Sprecher. He was joined on stage with his wife Kelly Loeffler, CEO of crypto-platform Bakkt.

Bakkt, backed by ICE, has been active in the crypto space as they aim to increase crypto adoption and merchant transactions. ICE plans to launch Bakkt on January 24, 2019, pending regulatory approval and after delaying its initial December launch date. Bakkt will offer physically-settled Bitcoin futures as well as allow investors to buy, sell, store and spend digital assets.

The company is also partnering with Microsoft and Starbucks to bring crypto-to-fiat conversions to the mainstream.

According to Loeffler, the price of BTC really isn’t a factor right now for Bakkt’s launch, adding, “The price is being expressed but there’s a lot of missing infrastructure and use cases.”

Sprecher also explained why Bakkt is mostly focusing on Bitcoin.

“Oftentimes in finance, it’s not about being the best. It turns out about being the broadest and the most commonly accepted. And for whatever reason, Bitcoin has sort of become that.”  

Loeffler says Bakkt’s delay will “give more people time to get on board.”

This post credited to Daily HODL Image source: Daily HODL

Mike Novogratz, ex-Goldman Sachs partner and founder of Galaxy Digital, has said that he expects cryptocurrency to “flip next year” in an interview publishedby Financial Times (FT) Nov. 23.

During the interview, Novogratz said that “this year has been challenging” for Galaxy Digital –  a company that he hopes will become “the Goldman Sachs of crypto” – adding that “it sucks to build a business in a bear market.”

According to FT, Novogratz predicted that financial institutions will transition from “investing in cryptocurrency funds to investing in cryptocurrencies proper in the first quarter of next year.”

As FT reports, Novogratz also predicted that cryptocurrencies will “flip next year” since “that’s when prices start moving again.”

FT also quoted Tim Swanson, founder of fintech advisory firm Post Oak Labs, saying that Novogratz was “trying to predict something that he has no influence over” whenever he says “something is going to happen with price.”

Swanson then added that many companies had tried to do what Galaxy Digital is doing currently without much success, concluding “welcome to four years ago!”

The article also quotes an anonymous founder of a blockchain company saying that “one of the biggest problems in crypto is the lack of credible merchant banking” and that Galaxy Digital is “well placed to be the first to take advantage of new markets.”

According to FT, Novogratz said that “it’s easy to get sceptical but there’s something happening” after having pointed out cryptocurrency developments led by major figures in traditional finance.

Novogratz in particular cited the upcoming Bakkt, a digital assets platform created by the operator of the New York Stock Exchange (NYSE), and the digital assets management services for institutional investors recently announced by major investment firm Fidelity.

This week the Chief Commercial Officer (COO) of global crypto payment processor BitPay also stated that these two moves from the traditional financial sector will cause crypto’s next major prices action. The COO, Sonny Singh, ventured that Bitcoin (BTC) will hit $15,000 to $20,000 by the end of 2019.

Bitcoin is currently seeing new multi-month lows, down about 11 percent at press time to trade at $3,850.

This post credited to cointelegraph  Image source: Cointelegraph

As 2018 bids its last farewells, the crypto market has stuttered, with a majority of crypto assets establishing new year-to-date lows, leading many analysts to express their sentiment that capitulation is officially occurring. However, the peculiar performance of the market hasn’t fazed this industry’s leading constituents. Binance, for one, continued its investment spree, siphoning millions into a budding upstart.

Binance Throws $3 Million At OTC Crypto Desk, Foray Into China Expected

Binance, the crypto industry’s leading retail exchange, hasn’t seemingly remained unfazed amid the cryptocurrency market downturn, recently diverting $3 million of its venture arm’s war chest into Koi Trading, a U.S.-based over-the-counter (OTC) trading desk that specializes in non-retail crypto exchange.

Per previous reports from NewsBTC, Koi Trading also has hands in the jars of other industries, which include data science and analytics, quantitative research, and compliance. The San Francisco-based startup’s expansive portfolio presumably made it a logical investment for Binance itself, which has been ramping up its ventures throughout 2018’s dismal market.

Still, it was divulged by Ella Zhang, chief of Binance Labs, that her firm’s investment in the OTC desk was triggered by the alignment of Koi Trading’s and that of Binance. Zhang explained:

“Koi’s Trading mission is to bridge fiat and cryptocurrencies in a compliant manner. This aligns with our broader vision at Binance to build the infrastructure which provides the freedom of exchange globally.”

Although Binance’s investment in Koi seems cut and dried, some believe that the $3 million investment was made in a bid to capitalize on China’s tumultuous crypto scene, which has been beaten and battered by local regulators in recent months.

Per Hao Chen, CEO and founder of the startup, Koi has been bolstering its business relationships in “Greater China,” alluding to speculation that it may foray into that market in due time. It isn’t clear how the desk will skirt Beijing’s regulations, which have included a crackdown on OTC platforms and online discussion regarding cryptocurrencies, but many are hopeful that Koi’s entrance into China will catalyze another round of investment “FOMO” from the local clientele.

Bitcoin Commerce Payments Down 80% Since January, Scalability Blamed

Per data from Chainalysis, a leading crypto analytics startup, the U.S. dollar value of on-chain Bitcoin payment processor-based transactions has fallen drastically since early-2018’s all-time high. More specifically, the aforementioned statistic has taken an 80% hit since January, comparable to BTC’s 75% decline in the same time frame.

To attribute figures to this collapse, Reuters expressed that in late-December/early-January, over $427 million in BTC was transacted for retail payments. Now, just shy of a year later, this figure has fallen to a mere $96 million. While the latter figure isn’t something to sneeze at, the fact that such a collapse occurred, even though BTC found a semblance of stability in recent months, isn’t a promising sign for the short-term prospects of crypto.

Speaking on these statistics, London-based UBS strategist Joni Teves explained that scalability should catalyze the global adoption of Bitcoin in commerce. This sentiment echoes comments issued by Joey Krug, an Augur co-founder turned Pantera Capital executive, who told Bloomberg that the lack of efficiency on decentralized blockchain networks is directly hampering adoption.

Although the cryptosphere only recently began to walk on its own two legs, Krug explained that scaling blockchain networks, while difficult, is something that innovators within this industry can accomplish with a dab of elbow grease, grit, and determination. And when that happens, the Pantera executive added the crypto industry will undergo its next round of a Cambrian-level bout of growth, which Krug says will boost digital assets values by tenfold.

Bakkt Delays Bitcoin Futures Launch

After a multi-month hype cycle, Bakkt, an Intercontinental Exchange (ICE)-sponsored crypto-centric initiative, has divulged that it has fallen victim to an unfortunate road bump, a byproduct of the corporate world today.

Through a Medium post on the matter, Bakkt CEO Kelly Loeffler, formerly of the Intercontinental Exchange (ICE), revealed that her startup is now “targeting” January 24th, 2019 for the launch of its physically-backed Bitcoin futures contract, instead of December 12th. Loeffler, evidently aiming to calm players’ qualms regarding Bakkt, noted that “given the volume of interest in Bakkt and work required to get all our pieces in place,” a delay would be duly in order to ensure the program’s clients and business partners are poised for launch.

The 40-day delay aside, Bakkt has maintained that it is hell-bent on putting the pedal to the metal, as it were. Loeffler, wed to ICE CEO Jeff Sprecher, explained that the “level of collaboration at the exchange, customer, and regulatory levels are unprecedented in terms of engagement and effort,” indicating that crypto’s dismal market conditions haven’t fazed true “BUIDLers,” a moniker endowed upon this industry’s diehard believers.

Moreover, the startup chief added that Bakkt has secured cold storage insurance for its Bitcoin (BTC) holdings, a claim-to-fame that is likely to entice institutional investors into crypto.

Still, while the Medium update concluded on a high note, with Loeffler offering a fleeting glimpse of silver linings, the bottom line is that Bakkt’s futures instrument isn’t slated to go live yet. And the timing couldn’t have been much worse, to be frank. In fact, some pessimists have argued that Bakkt’s recent announcement imbued the cryptocurrency market with an influx of skepticism. But, considering the tumultuous market conditions, no one knows for sure.

Related Reading: Bakkt Focusing on Bitcoin Due to Its Liquidity and Classification as a Commodity

Crypto Tidbits

  • Edward Snowden Thinks Cryptocurrency Is Logical: World-renowned, libertarian-leaning whistleblower Edward Snowden recently sat down with Ben Wizner, his legal counsel, to have a candid conversation pertaining to blockchain technologies and cryptocurrencies. Interestingly, Snowden, who unveiled sensitive NSA documents in 2013, broke down the basic of blockchains, conferring on what makes this newfangled innovation tick and, more importantly, the value of this form of data management. The now-Russia-based former NSA contractor explained that blockchains, while currently inefficient, solve a key issue — the overabundance of trust. As made clear by 2008’s Great Recession, the presence of trust in financial ecosystems may be a detriment to consumers. Keeping this in mind, Snowden eulogized Bitcoin, Monero, and ZCash for their viability as scarce, uncensorable, trustless, and borderless mediums of value.
  • Coinbase Loses Mike Lempres To Andreessen Horowitz: While the crypto industry is lauded for its capability to catalyze Wall Street and Silicon Valley brain drains, Coinbase has divulged that Mike Lempres, the startup’s chief legal officer, decided to abdicate his position to foray into venture capital through Andreessen Horowitz (a16z). Interestingly, Menlo Park, California-based a16z, a forward-thinking firm itself, has close ties to Coinbase and the crypto industry, so Lempres’ sudden exit isn’t nonsensical. Taking his place will be Brian Brooks, formerly of mortgage giant Fannie Mae, who initially hopped onto the cryptocurrency gravy train in September. So make no mistake, Coinbase’s legal team is being left in good hands.

This post credited to News BTC Image source: News BTC 

With the close of 2018 in sight, Fundstrat founder and analyst Tom Lee has lowered his year-end prediction on the price of Bitcoin.

Lee now says he believes Bitcoin will hit $15,000 by December 31st, down from his long-standing prediction of $25,000. He is basing his revised forecast on the amount of profit that Bitcoin miners, who validate transactions on the network, can currently make.

As reported by CNBC,

“A key driver was Bitcoin’s ‘breakeven’ point, the level at which mining costs match the trading price. That level is down to $7,000 from an earlier estimate of $8,000 for the S9 mining machine by Bitmain, according to Fundstrat’s data science team. Based on that, Lee estimates that fair value for Bitcoin would be roughly 2.2 times the new $7,000 breakeven price.”

In a new note to clients, Lee compared the current bear market to the one that happened from 2013 through 2016, noting that the price “never sustained a low below breakeven.”

“While Bitcoin broke below that psychologically important $6,000, this has led to a renewed wave of pessimism. But we believe the negative swing in sentiment is much worse than the fundamental implications.”

Lee also points to institutional factors – like the coming launch of Bakkt and Fidelity entering the crypto market – as catalysts that will help boost the price of Bitcoin.

As for this week’s sudden plunge in the Bitcoin and crypto market, Lee points to the tumultuous Bitcoin Cash fork as a leading factor.

This post credited to Daily HODL Image source: Daily HODL

Throughout the past 24 hours, several publications and public figures have misreported that China has put an end to its blanket ban on bitcoin and the cryptocurrency exchange market.

On Nov. 9, one cryptocurrency-focused publication released a story entitled “China Lifts Bitcoin Ban; Individuals and Businesses Can Now Own Cryptocurrencies Legally.” The article instantly attracted many investors in the cryptocurrency market, who demonstrated optimism towards the supposed unbanning of Bitcoin.

However, the article itself was based on a court ruling of the Shenzhen Court of International Arbitration which was released on Oct. 25. The outdated and misrepresented story falsely led many investors in the market to manufacture hype around the asset class, in a period in which the cryptocurrency market is stagnant and struggling to initiate major upward price movements.

Overhyped News is Alluring But Not Beneficial to the Industry

In October, as CnLedger, a trusted news source in China reported, the Chinese court confirmed that Bitcoin is protected by law as property. As such, individuals, businesses, and merchants can technically utilize cryptocurrencies like Bitcoin and Ethereum as a payment method without conflicting with local regulations.

cnLedger@cnLedger

1/ Chinese court confirms Bitcoin protected by law. Shenzhen Court of International Arbitration ruled a case involving cryptos. Inside the verdict: CN law does not forbid owning & transferring bitcoin, which should be protected by law bc its property nature and economic value.

1,190 people are talking about this

China’s Crypto Market is Thriving: Ethereum Hotel, Exchanges, and OTC Trading
Related: China’s Crypto Market is Thriving: Ethereum Hotel, Exchanges, and OTC Trading

In the previous month, CryptoSlate reported that the cryptocurrency market of China has become more active as of late, due to the acceptance of digital assets by hotels and publications.

In late September, Ethereum Hotel, China’s first hotel that accepts Ethereum (ETH) as a payment method, reportedly opened their business in National Scenic Area of Four Girls Mountain (Sichuan Province).

On Oct. 1, China’s oldest technology publication Beijing Sci-Tech Report (BSTR) announced that it would accept Bitcoin as a payment method for its subscriptions beginning early 2019, to encourage the utilization of crypto in a “real-world setting for practical actions,”

The Ethereum Hotel and BSTR have been able to integrate cryptocurrencies into their payment systems because the two digital assets are recognized as properties under local laws.

But, the trading of Bitcoin and other cryptocurrencies remains strictly banned, and the areas of the cryptocurrency market that the government of China has banned remain prohibited.

While merchants are technically allowed to accept cryptocurrencies, trading, crypto events, ICOs, and any form of OTC investment in the asset class are still prohibited.

Exaggerated and overhyped reports could provide the cryptocurrency community with optimism in the short-term, but in the mid to long-term, they tend to have a negative impact. If the expectations of the community increase significantly due to misrepresented reports and the expectations are not met in the future, then it can have a worse effect on the market.

Similar to Bakkt, ETF

This week, Jake Chervinsky, a government enforcement defense and securities litigation attorney at Kobre & Kim stated that Bakkt could have an actual impact on the price of Bitcoin because of its physical delivery of digital assets to investors, and if institutional investors invest in Bitcoin through the Bakkt Bitcoin futures market, it could lead to an increase in the price of BTC.

However, there still exists many variables and conditions to the long-term success of Bakkt and especially given that the majority of the community believes Bakkt will act as a catalyst for the next bull run of crypto, Chervinsky emphasized the need to approach the progress of Bakkt with caution.

Chervinsky said:

“In the minds of many, Bakkt’s launch has become a full-fledged narrative for when & how the bear market will end. It plays the same role as bitcoin ETFs as a trusted vehicle to bring that sweet institutional money into the space, but without all the trouble of SEC approval.”

And added:

“Hype aside, some people have lingering concerns about Bakkt. The big question is if Bakkt will try to financialize bitcoin in a harmful way, such as through the use of hidden leverage.”

As with Bakkt, ETF, and recent reports about China, it is of the importance of for investors to approach developments in the space with caution and a neutral stance.

This post credited to cryptoslate  Image source: Unsplash

Bakkt and Bitcoin

In a new interview with CNBC’s Crypto Trader, billionaire Bitcoin bull Tim Draper says he expects the launch of Bakkt to boost the price of Bitcoin.

Formed by Intercontinental Exchange, the parent company of the New York Stock Exchange, Bakkt is set to launch its daily futures contract for Bitcoin on December 12th, pending regulatory approval.

The overall goal of Bakkt is to create a fully regulated operation that will “enable consumers and institutions to buy, sell, store and spend digital assets on a seamless global network” and will include warehousing along with merchant and consumer applications.

But how does Bakkt really work, and does it stay true to the original vision of Bitcoin’s anonymous creator? Early this month, YouTube channel Ready Set Crypto published a comprehensive video analyzing how Bakkt really operates behind the scenes.

Ethereum

The latest ConsenSys-sponsored Week in Ethereum blog post is out.

This week’s edition covers new protocol updates, developer interview, and news on a number of Ethereum-based platforms including Golem, Mysterium and Status.

Ripple and XRP

A new member of RippleNet has emerged.

According to the Czech media outlet Lupa.cz, the fintech startup Amore Finance just joined Ripple’s network of financial institutions and payment providers. Amore Finance is “focused on providing banking services and, through its participation in RippleNet, wants its clients to offer fast and cheap international payments.”

Meanwhile, the India-based peer-to-peer crypto exchange Coindcx says it has added XRP to its list of more than 40 cryptocurrencies.

CoinDCX: Crypto Exchange@coindcx

Announcement: ⚡ /INR and /INR now live for trade! 😍 https://blog.coindcx.com/announcement-xrp-and-eth-are-now-live-for-trade-in-the-inr-market/ 

Announcement: $XRP and $ETH are now live for trade in the INR market!

Now buy $XRP and $ETH against INR on CoinDCX, India’s favorite exchange. We are happy to announce the addition of 2 new tokens to our orderbook.

blog.coindcx.com

Stellar

Adam Ludwin, the co-founder of Stellar’s new initiative called Interstellar, is sharing his vision of how all kinds of assets can be tokenized. Ludwin spoke at the recent Money20/20 conference in Las Vegas.

Interstellar’s primary focus is helping companies build infrastructure on top of the Stellar network.

Tron

TronWatch Market just released a demo of its upcoming decentralized exchange (DEX) that will allow users to trade from any TRON token (TRX10, TRX20) to TRX.

You can check out the demo here.

Litecoin

The Litecoin Foundation has released a new recap of its first annual Litecoin Summit in San Francisco.

Organizers say they’re already planning for next year’s event.

This post credited to Daily HODL  Image source: Daily HODL