In a blog post published on April 17, Tether announced that it has launched its stablecoin USDT on Tron’s Blockchain. Tether stated that this development meant that the stablecoin had upgraded from its previous OMNI based protocol, which was anchored to the US dollar on a 1:1 ratio.
Cryptocurrency Market Updates
Japan Introduces New Rules for Cold Storage Wallets
According to a mainstream media news report, Japan’s financial regulator, the Financial Services Agency, is going to impose new rules with regard to cold storage wallets at cryptocurrency exchanges.
ConsenSys is pretty confident that it can soon become a valuable firm. However, the company believes that this achievement can be obtained if and only if it can get through the next year. Official reports suggest that the firm is hell-bent at obtaining around $200 million in new investment.
Digital Asset, which is an enterprise company, is finally integrating its smart contract modelling language. The integration, in particular, is going to be with the Hyperledger Sawtooth framework. This integration will be deemed the first melding of code, one that will involve the DA’s DAML or Digital Asset Modelling Language and the 200-member Hyperledger consortium.
Samsung SDS has given its approval for partnering with Mahindra, which is an IT giant based in India. The partnership, in particular, is all about entering the massive overseas blockchain market. SDS is, by essence, Samsung’s systems integration arm.
Unfortunately for Coinbase, it is once again losing another executive by the name of Dan Romero. He currently works as VP for the company’s international business. The exodus was officially announced through a Medium post.
According to local news agency reports, Wei Kai, China Academy of Information and Communication Technology’s (CAICT) head of Blockchain research Wei Kai stated that the use of Blockchain technology in the financial industry still faced a lot of challenges.
Project Thor, a San Francisco-based Blockchain project, is closing down as the project was unable to get traction and find commercial success. The announcement was made by the CEO and co-founder of the startup, David Chin, on April 9.
In a press release issued today, April 10, the US-based crypto exchange Bittrex has responded to the denial of its application for a BitLicense by the NYDFS (New York Department of Financial Services).
Digital Asset, the DLT (distributed ledger technology) provider, has entered into a collaboration with the ISDA (International Swaps and Derivatives Association) for the development of a tool that will support the use of smart contracts in the trading of derivatives. The news was made public by the ISDA on April 9 via a press release.