Cryptocurrency News Roundup | May 31— June 8
Welcome to the PlayChip blog cryptocurrency news roundup, where you can keep up to date on all of the weeks important cryptocurrency and blockchain related news.
Fidelity Exchange Rumors
Asset management firm Fidelity is rumored to be building its own cryptocurrency exchange.
Business Insider reported Wednesday that the firm is circulating an internal job posting for a system engineer to “help engineer, create, and deploy a Digital Asset exchange to both a public and private cloud.”
Fidelity currently manages $2.4 trillion in assets, placing it as the worlds fifth largest asset management firm according to relbanks.com.
Abigail Johnson, CEO of Fidelity and granddaughter of the companies founder Edward Johnson II, is one of the worlds wealthiest women with an estimated fortune of $16.8 billion on Forbes billionaires list.
Johnson has previously expressed bullish sentiment on cryptocurrencies future. “I love this stuff — Bitcoin, Ethereum, blockchain technology — and what the future holds,” confirming that the company had already begun experimenting with cryptocurrency mining. “We set up a small Bitcoin and Ethereum mining operation…that miraculously now is actually making a lot of money,” Johnson announced to the audience at the 2017 Consensus blockchain technology conference in New York.
Binance Fiat Trading Pairs One Step Closer
Changpeng Zhao, CEO of Binance confirmed in an interview with Cointelegraph Thursday that the worlds largest cryptocurrency exchange is one step closer to offering customers direct fiat to cryptocurrency trading. Binance have successfully opened a bank account in Malta, an important step for the business as it hopes to operate fiat trading pairs in the country, with potential for expansion into the Asia region in the future.
Currently users are only able to trade between existing cryptocurrencies on the site, meaning traders must first acquire their tokens from another source before migrating them to the Binance platform.
Binance has been busy liaising with the Maltese authorities to secure the relevant licensing and regulatory approvals to allow customers to trade in and out of traditional fiat currencies (e.g. USD, Euro etc..) via the platform.
Brisbane Airport Becomes World’s First Cryptocurrency Airport Terminal
Alex Saunders from Nugget’s News Australia was on the ground at Brisbane Airport for the first opportunity to use cryptocurrency across all retailers operating out of the terminal.
Alex discussed the roll-out with Caleb Yeoh, CEO of TravelbyBit who are responsible for the technology which is enabling the retailers to implement cryptocurrency payments. Asked about the implementation Yeoh stated “blockchain technology has the ability to make transactions and global commerce a lot more efficient and a lot more transparent. The payments are close to instant and there’s no exchange rate fee’s, there’s no bank fee’s.”
Clint Harvey, Business Development Manager at Brisbane Airport expressed enthusiasm over the implementation stating that it is “important to provide passengers choice how they want to interact with an airport and start their journey, as well as helping our retailers maintain relevance and resilience against the threat of online shopping.”
Streamlabs Launches Cryptocurrency Donations
Streamlabs — the software behind those obnoxious donation alerts and other screen hogging interface features seen on many popular Twitch streams announced on the companies blog that they have integrated cryptocurrency donations into their existing service offering.
Tom Maneri, CEO of Streamlabs confirmed in the post that streamers will be able to receive donations in the form of Bitcoin (crypto:BTC), Ethereum (crypto:ETH), Litecoin (crypto:LTC) and Bitcoin Cash (crypto:BCH) with the possibility of additional coins being added in the future. Streamers will be required to connect their Coinbase account with Twitch to be eligible to receive cryptocurrency donations.
The idea was initially floated on Streamlabs Ideas in February with many community members submitting their own suggestions for which tokens should be included in the service. Streamlabs have done well to avoid the tribalism of the cryptocurrency community by initially offering tokens which already have some level of mainstream integration.
Microsoft have accepted payments via Bitcoin to their online store since 2014 — save for a short stint at the beginning of the year where the payments were temporarily disabled due to the instability of Bitcoins token value.
The worlds largest online gaming platform Steam, which in the past had disabled Bitcoin payments for similar reasons, opted instead to accept cryptocurrency payments in the form of Litecoin going forward.
Ethereum generated its own trust in the community after years of dedication from the development team, lead by crypto community darling Vitalik Buterin.
And that’s the cryptocurrency news roundup for 8th of June 2018. Be sure to stay tuned to the PlayChip ICO Medium page for the latest news on the PlayChip and the biggest stories in the cryptocurrency space.
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