Blockchain & Crypto Week In Review, Issue #3 (07.01.19)
Welcome to our Ferrum Network media digest. Here we will provide you with regular updates on developments from the blockchain & cryptocurrency sphere.
Here is a rundown of the last week:
Trending this week:
Retailer Overstock Says It Will Pay Ohio Using Bitcoin: Once upon a time, people used livestock or bushels of wheat to pay their taxes. Today, we use checks, credit cards, online money and — starting this year in Ohio — Bitcoin. On Thursday, the online retailer Overstock announced it would pay a part of its Ohio state business tax using the famous digital currency. The move comes after the state last fall unveiled a first-of-its-kind payment portal called OhioCrypto, which lets companies remit taxes using cryptocurrency. Read more.
Crypto Technicals Flashing ‘Buy’ as Digital Diehards Begin Anew: After a punishing year, cryptocurrency enthusiasts looking for a fresh start in 2019 are being greeted by some positive technical signals. The GTI Vera Convergence Divergence indicator is suggesting Bitcoin is in its longest buying streak in six months. Should buying pressure persist as it has over the past 13 days, Bitcoin could continue to see a rise in prices following last year’s 74 percent decline, the measure predicts. Read more.
Nasdaq-Powered Exchange to Launch EU-Regulated Tokenized Stock Trading: Estonian digital trading platform DX Exchange will begin offering tokenized stocks on the Ethereum blockchain next week, the company confirmed in a press release Jan. 3. DX, which will reportedly be the first exchange to offer such trading in a fully regulated environment in the European Union, will use Nasdaq’s Financial Information exchange (FIX) protocol to deliver the product. Read more.
Bitcoin ATM Producer Moves to Switzerland Due to Regulatory Difficulties: Bitcoin (BTC) automated teller machine manufacturer Lamassu has moved to Switzerland due to regulatory difficulties in other countries. Lamassu — now called Lamassu Industries AG — has moved to the Swiss canton of Lucerne, because the firm wants “to be in a place where rules are well defined and regulators are pro-innovation.” Read more.
Novogratz Buys Another 2.7% of His Galaxy Digital Crypto Fund for $5 Million: Michael Novogratz has invested nearly $5 million more in his cryptocurrency venture fund, Galaxy Digital Holdings, Ltd. The Galaxy CEO purchased 7.5 million ordinary shares of the company, or 2.7 percent of total shares outstanding, for 7.42 million Canadian dollars ($4.8 million), according to a press release Wednesday. The purchase increased his total stake to about 79.3 percent of Galaxy, which trades on the Toronto Stock Exchange’s TSX Venture Exchange. Read more.
