Cryptocurrency Market Updates
According to research done by the technology news website TNW (The Next Web), the Australian computer scientist Chris Wright reportedly applied for Blockchain related patents 114 times since 2017.
Karen Andrews, the Minister for Industry, Science and Technology, and Simon Birmingham, the Minister for Trade, Tourism and Investment made a joint announcement on March 18 that a new national Blockchain strategy as well as roadmap was being laid out in order to help the country’s Blockchain industry develop into a global leader.
The Chinese Insurance giant called Ping An has reportedly partnered with SingularityNET. The latter basically an Ethereum-based decentralized artificial intelligence company. The startup revealed the alliance via a press release.
According to a press release issued on March 6, the Insurance giant AXA XL, in partnership with the insurance tech startup Assurely, has launched a new insurance product. This new product will offer insurance cover for equity crowdfunding as well as STOs (security token offerings).
Tendermind, a Blockchain based consensus algorithm and P2P (peer-to-peer) networking protocol, published in its blog post on March 14 that it had succeeded in raising $9 million via a Series A investment round.
US-based cryptocurrency exchange Coinbase announced that it would now support XLM (Stellar Lumens) on its Pro platform. The announcement was made via a blog post on March 13.
According to the latest report by Bloomberg, there are key price indicators that point to the fact that Bitcoin’s price may be on a downward trajectory once again. The mainstream media giant stated that technical indicators are signaling that the long-term demand for Bitcoin is going down.
According to a March 11 press release, Medici Ventures, the Blockchain subsidiary of the retail giant Overstock.com, has bought a stake in Bankorus, a Blockchain based banking platform.
In a tweet he posted on March 9, the Chief Executive Officer of Binance Changpeng Zhao indicated that his exchange could be creating a fiat-to-cryptocurrency exchange in Argentina.