Singapore’s iSTOX to Launch a Regulated Digitized Securities Platform in 2020

Capital markets platform iSTOX has joined Singapore’s regulatory sandbox to launch digitized securities trading in late 2019, the firm announced in a tweet on May 24. Following its addition to the Monetary Authority of Singapore (MAS)’s FinTech Regulatory Sandbox on May 1, the Singapore-based company will start providing service for the trading of digitized securities starting from Q4 2019, according to an iSTOX official press release. Operated by ICHX Tech, a blockchain infrastructure firm incubated by major Singapore investment firm ICH Group, iSTOX expects to graduate from the sandbox and…

Facebook Aims to Launch Payments-Focused Cryptocurrency in 2020

Social media giant Facebook plans to launch its own payments-focused cryptocurrency “Globalcoin” in 2020, according to a BBC news report published on May 24. The BBC reports that tests for the forthcoming digital currency are planned to take place by the end of 2019. While Globalcoin is ostensibly the coin’s current name within the company, it has not been confirmed that it will retain the same name once development of the project is completed. According to the BBC, Facebook founder Mark Zuckerberg met Bank of England governor Mark Carney last…

Crypto Exchanges Bitfinex and Ethfinex Jointly Launch Initial Exchange Offering Platform

Major cryptocurrency exchange Bitfinex and its spin-off Ethfinex have launched a new initial exchange offering (IEO) platform dubbed Tokinex. The news was revealed in a press release shared with Cointelegraph on May 21. As reported, IEOs have recently emerged as an alternative model of token offering wherein a centralized crypto exchange acts as a form of underwriter. The exchange, besides operating the sales, ostensibly vets both the projects themselves and prospective investors. Tokinex will reportedly use Know Your Customer (KYC) checks powered by the Blockpass mobile app for each sale…

Austrian Fiber Producer Lenzing to Launch Blockchain-Enabled Tracking in 2020

Major global fiber producer Lenzing will implement blockchain tech to bring more transparency to its fiber supply chain, the firm announced on May 17. Headquartered in Lenzing, Austria, the fiber manufacturer partnered with Hong Kong–based blockchain firm TextileGenesis to incorporate the technology in its fiber business TENCEL. According to the press release, Lenzing expects to launch its supply chain traceability platform in 2020, while in the near future, the company will test the technology along with all the involved chain participants. Lenzing decided to deploy distributed ledger technology (DLT) following…

Coinbase CEO Teases Launch of Debit Card in the U.S.

Coinbase CEO Brian Armstrong has announced that the company is working on introducing its debit card to customers in the U.S. Armstrong’s announcement came in a live AMA session on YouTube on May 16, 2019, during which he fielded questions and touched on various topics such as community trust ratings for altcoins and fraud prevention. While he did confirm that the debit card is coming to U.S. customers, he didn’t divulge a specific release date. Last month, Coinbase launched the Coinbase Card, a Visa-based debit card which, according to the…

Fed’s Endless Printing Press Will Launch Bitcoin to $100,000

By CCN: U.S. financial news and opinion broadcaster Max Keiser is a textbook hodler. For the host of the Keiser Report on RT to dispose of the bitcoin he has been accumulating since 2011, his price target of $100,000 will have to be achieved first. The Fed Triggered This Bitcoin Rally Speaking to Kitco News, Keiser said that since acquiring his first bitcoin eight years ago, he had not sold any of it. According to the broadcaster, this is “because my price target is $100,000 and beyond.” This is not…

Australian Advisory Firm to Launch $250 Mln Digital Securities Offering for Mining Sector

Major Australian capital advisory firm PCF Capital Group has chosen permissioned blockchain ecosystem KoreConX for a $250 million digital securities offering. The news was revealed in a press release shared with Cointelegraph on May 14. PCF Capital is a corporate advisory firm with a focus on serving clients within the mining and resource sector, and has executed 120 mine divestment and project financing mandates for over $2 billion, according to the press release. KoreConX is reportedly a permissioned blockchain ecosystem for fully-compliant digital securities. It comprises a network of broker-dealers,…

Charles Hoskinson to Launch Security Token Blockchain With Polymath

Security token platform Polymath will build a separate blockchain for regulation-compliant tokens with an Ethereum (ETH) co-founder, the company confirmed in a blog post on May 13. Polymath, which has already contributed to the launch of over 100 security tokens, will now work with Charles Hoskinson on a new project dubbed Polymesh. Hoskinson, who after Ethereum became known for his subsequent cryptocurrency projects Cardano (ADA) and IOHK, will leverage his expertise to inform the development of the new platform. The partners confirmed the plans at the ongoing Consensus 2019 conference…

Coinbase-Backed Stablecoin Startup Reserve to Launch ‘Venmo Style App’ in Venezuela

Stablecoin project Reserve announced that it will launch a crypto-fiat payments app in Venezuela and Angola in a press release shared with Cointelegraph on May 12. In the same announcement, the firm revealed that it is listing its separate utility token, Reserve Rights (RSR), on major exchange Huobi Global’s token sale platform, Houbi Prime. Per the press release, the project’s stablecoin app — to be launched for Android users via Google Play “in the coming weeks” — will enable people and businesses to switch back and forth from their local…

HTC to Launch EXODUS 1s, Smartphone With Full Node Capacity

Electronics company HTC has announced that it is launching a smartphone to bring crypto and blockchain technology to a wider audience in Q3 2019. According to a press release shared with Bitcoin Magazine, “The EXODUS 1s will be the first smartphone ever to have full node capabilities” containing the full Bitcoin blockchain. “With the EXODUS 1, we gave people the power to own their own keys, now we’re giving people the power to run their own node,” Phil Chen, decentralized chief officer at HTC, told Bitcoin Magazine. “It’s about building…