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Digital Currency and Blockchain Weekly Round-Up – May 17th, 2019

Fri, 17 May 2019, 11:33 am UTC

ECB official sees more potential in stablecoins than bitcoin
An official of the European Central Bank (ECB) recently said that all cryptocurrencies are not created equally, Bloomberg reported. Speaking in Paris this week, Francois Villeroy de Galhau said that he sees a role for stablecoins – digital tokens pegged to fiat currencies – in the financial system.

ECB invites paper submissions on crypto, stablecoin, and DLT for payments conference
The European Central Bank and the National Bank of Belgium have issued a call for papers, including those focused on blockchain and cryptocurrencies, for a payments innovation conference to be held on 26 and 27 November 2019 in Brussels.

German state to set up European Blockchain Institute this year
The government of the German state North Rhine-Westphalia (NRW) has announced plans to establish a European Blockchain Institute. NRW Economics Minister Andreas Pinkwart said that the institute will begin its work in Dortmund this year at the Fraunhofer Institute for Material Flow and Logistics (IML).

US House of Representatives launches fintech and AI task forces
The US House of Representatives has announced the launch of two task forces – one focused on financial technology (fintech) and the other on artificial intelligence (AI). Congresswoman Maxine Waters, Chairwoman of the House Committee on Financial Services, said that with the emergence of new technologies and their implementation in the financial services industry, Congress must make sure that responsible innovation is encouraged.

HKMA, BoT enter fintech collaboration, hint at joint central bank digital currency project
The central banking authorities of Hong Kong and Thailand are teaming up to promote financial innovation and undertake joint research projects, including one focused on central bank digital currency (CBDC). On May 12, the Hong Kong Monetary Authority (HKMA) signed a Memorandum of Understanding (MoU) with the Bank of Thailand (BOT).

Belfast to launch city-wide digital currency this year
Belfast City Council has entered into a partnership with UK & Israel based tech startup Colu to launch a city-wide digital currency. Dubbed “Belfast Coin,” the digital currency will operate as a rewards platform, encouraging residents towards impactful behaviors to further improve the city. It is the UK’s first city-wide digital currency designed to encourage positive everyday activities.

Industry groups, fintech want Reserve Bank of India to consider including cryptocurrency in sandbox
Many technology industry lobby groups and fintech startups have urged the Reserve Bank of India (RBI) to include cryptocurrency and other related crypto-assets in the regulatory sandbox framework, the Economic Times reported.

Company News

  • UK blockchain startup Billon Group receives $2.1M grant
  • Silicon Valley-based staking startup InfStones secures $2M from DHVC, Plug and Play
  • Privacy-centric crypto startup Nym Technologies raises $2.5M
  • Blockchain startup Agoric raises $4M from Ripple’s Xpring, Outlier Ventures and others
  • Kakao-backed Dunamu pumped $46M in blockchain startups over the past year
  • Crypto payments startup UTRUST obtains Swiss regulatory approval
  • Hacked crypto exchange Cryptopia appoints liquidators
  • US Senators ask Mark Zuckerberg to share details on crypto project
  • Crypto exchange Coinbase in talks to acquire Xapo for $50M: Report
  • Crypto-focused Brave Browser seeks over $30M in funding round: Report
  • Banking giants to invest $50M in blockchain-based settlement project: Report


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Aug 22, 2019 (Thursday)
Indian Supreme Court grills RBI for cryptocurrency banking ban
Cryptopia customers did not have individual wallets; liquidator Grant Thornton to manually determine crypto ownership
Korean crypto exchange Prixbit shuts down over financial crisis
Crypto Technicals: BTC/USD below $10K, breach of 'Symmetric Triangle' could plummet prices further
Aug 21, 2019 (Wednesday)
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
European Commission looks into “potential anti-competitive behavior” of Facebook's Libra: Report
Thailand’s Siam Cement Group seeks to expand Corda-based ‘Procure to Pay’ solution to 2,400 suppliers by 2020
Crypto Technicals: BCH/USD rejected at cloud, violation at 200-DMA to open up downside
Blockchain settlement startup Fnality adds former UBS and IMF executives to management team
Austrian telecom giant A1 to offer cryptocurrency payment option
Japan's Amaten, Aelf to revolutionize gift card market using blockchain
Crypto Technicals: Monero (XMR) recovery falters at major trendline resistance, slips below cloud
Blockchain securities issuance platform iownit.us obtains approval from FINRA
Crypto Technicals: ETH/USD struggles to extend gains beyond $200 mark, bias bearish below 200-DMA
Square Crypto hires Blockstream co-founder Matt Corallo to boost bitcoin adoption
Commonwealth Bank of Australia develops blockchain-based marketplace and token to protect biodiversity
Crypto Technicals: Bitcoin fails to take out $11K mark, tumbles below 55-EMA support (10428)
EMURGO inks MOUs with South Korean trade associations to boost Cardano adoption
China may launch its central bank digital currency ahead of Facebook's cryptocurrency Libra
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