According to Japanese e-commerce giant Rakuten’s earnings report released on February 12, there have been major updates made to its mobile payment app Rakuten Pay. The new updates seem to indicate that in addition to fiat payments, the payment app will be able to support cryptocurrency payments too.
Cryptocurrency Market Updates
tZERO has finally gone live. But despite its launch, it is reportedly off to a slow start. According to the official report, the activity so far has been light, with daily volumes fluctuating between 7,000 and 23,000 units. And this is on the platform’s very own tZERO Preferred token called TZDROP. The latter is said to be the only listed asset for the time being.
Indonesia has instituted a new legislation according to which BTC (Bitcoin) will now be recognized as a trading commodity. Indonesia’s Bappebti (the country’s Commodity Futures Trading Regulatory Agency) had first signed a decree making cryptos a legally tradeable securities future in June last year.
Local media sources stated that a Canadian Justice Michael Wood had delayed the decision for QuadrigaCX’s customers getting legal representation. On February 14, the Canadian Supreme Court in Nova Scotia assembled more than a dozen lawyers representing the 115,000 customers who traded on QuadrigaCX’s crypto exchange.
According to the founder and Chief Executive Officer of Grayscale Investments and Digital Currency Group Barry Silbert, most of the digital tokens’ value will go down to zero in the long term.
According to an official announcement, Coinbase Wallet private keys which are encrypted can now be stored on Google Drive or iCloud. Coinbase says that with this new offering, users will be safeguarded against losing their private keys, which is a common problem today.
According to news reports, technology giant IBM’s Blockchain main net has been released out of the company’s data center in Melbourne in Australia. With this release, customers will be able to run their apps on IBM’s cloud.
Stox’s founder Moshe Hogeg, the Israeli entrepreneur, has denied allegations of misappropriating investors’ funds in a lawsuit filed against him and his company. Earlier in January, a Chinese investor by the name of Zhewen Hu filed a lawsuit against Stox and Hogeg for damages worth $4.6 million.
There is a newly-proposed law in New Hampshire and it is reportedly meant to allow residents to pay their taxes using digital currencies. Interestingly, it is seeing some significant changes. Called House Bill 470, the bill would give state-level-agencies the ability to accept cryptos as mode of payment if approved.
The OSC (Ontario Securities Commission) has initiated an investigation into QuadrigaCX, the major Canadian cryptocurrency exchange that recently filed for creditor protection due to a lack of funds.