- Coinbase Expands Crypto-to-Crypto Services to 11 More Countries
Major American cryptocurrency exchange and wallet provider Coinbase has expanded its crypto-to-crypto trading to more countries, according to a blog post published on April 17. Coinbase and its professional trading platform Coinbase Pro have introduced crypto-to-crypto conversions and trading to 11 more countries in Latin America and Southeast Asia. The product is now also available to Argentina, Mexico, Peru, Colombia, Chile, India, Hong Kong, South Korea, Indonesia, the Philippines and New Zealand.
[Source: Cointelegraph] ✩✩✩✩✩
2. Binance’s Singapore Fiat-to-Bitcoin Exchange Is Launching Next Week
Cryptocurrency exchange giant Binance will launch its new fiat-to-crypto platform in Singapore next week, its chief financial officer said. CEO Changpeng “CZ” Zhao announced in early April that the Singapore fiat “on-ramp” would be coming sometime this month. But speaking to CoinDesk Wednesday from Paris, Binance CFO Wei Zhou gave a more precise time frame.
[Source: Coindesk] ✩✩✩✩
3. Tether Launches On TRON With $20M Giveaway
Tether (USDT), the largest USD-backed stable coin, has launched on TRON (TRX), a smart contract platform focused on monetizing digital content. According to a press release from the TRON Foundation, the new tokens will be issued through the new TRC20 protocol.
[Source: Cryptobriefing] ✩✩✩✩
4. Major Milestone for Cryptocurrency Cardano ADA With the Upgrade “Shelley”
Cardano (ADA) ranked the tenth most popular cryptocurrency with a market cap of $2.162 billion has just completed an upgrade dubbed ‘Shelley’ which will see the network advance towards its goal of full decentralization The Shelley era is about moving beyond the federated epoch and handing control of the ledger over to the community via stake pools.
[Source: CCN] ✩✩✩
5. Reuters: Japanese Regulators to Introduce New Rules Regarding Exchanges’ Cold Wallets
Japan’s Financial Services Agency (FSA) will reportedly introduce new rules regarding cold wallets for storing cryptocurrencies at crypto exchanges, Reuters reported on April 17. Citing a source familiar with the matter, Reuters reports that the country’s financial regulator will reportedly require cryptocurrency exchanges to strengthen internal supervision of cold wallets — devices for storing digital currency which are not connected to the Internet.
[Source: Cointelegraph] ✩✩✩
6. Pakistani Prime Minister Addresses Digitization of Gov’t Administration
The prime minister of Pakistan has conducted a meeting dedicated to the digitization of government administration, local Egnlish language news outlet The News reported on April 17. At the meeting, Pakistani Prime Minister Imran Khan reportedly addressed such issues as digitization of government processes and blockchain technology’s impact on ensuring efficiency and transparency in its operations.
[Source: Cointelegraph] ✩✩✩✩
7. 3 COUNTRIES TELL IMF THEY WANT TO ISSUE BITCOIN BONDS
The governments of at least three countries have formally acknowledged their interest in issuing a sovereign Bitcoin bond to raise capital. Asia Times originally reported the trend April 17 referencing recent statements at this week’s World Bank and International Monetary Fund (IMF) Spring Meetings held in Washington DC. Afghanistan, Tunisia and Uzbekistan are currently mulling the possibility of a Bitcoin bond, all three interested in the instrument’s potential to help out critical sectors of the economy.
[Source: Bitcoinist] ✩✩✩✩
8. Gate.io Raises $64 Million for Launch of New Exchange Cryptocurrency
Crypto exchange Gate.io has raised $64 million worth of crypto assets in seven days for its own exchange cryptocurrency that won’t be launched on a blockchain for at least six months. One of the oldest Chinese exchanges, Gate.io claimed on Monday that over the last week it was heavily oversubscribed with orders totaling $2.99 billion for the so-called Gate Points, which can be used for offsetting trading fees on the platform.
[Source: Coindesk] ✩✩✩
9. ARGENTINA CENTRAL BANK’S INABILITY TO STOP INFLATION IS FORCING PEOPLE TO BITCOIN
Argentina’s central bank already tightened monetary policy three times in the last month, and inflation is still accelerating at a rate of nearly 55 percent. The unstable economic environment is driving many traders and investors to focus on Bitcoin. Thus, the volumes of Bitcoin traded in Argentina are reaching all-time highs, the latest data from LocalBitcoins/coin.dance shows.
[Source: Bitcoinist] ✩✩✩✩
10. Afghanistan, Tunisia to Issue Sovereign Bonds in Bitcoin, Bright Future Ahead
Afghanistan and Tunisia are planning to issue sovereign bonds in bitcoin to fund infrastructural developments, reported Asia Times from IMF’s Springs Meetings summit. Khalil Sediq, the governor of the Central Bank of Afghanistan, confirmed that they were looking to utilize cryptocurrency and blockchain technology to raise around $5.8 billion. Sediq said they would pair bitcoin with a form of metal futures, such as lithium.
[Source: Newsbtc] ✩✩✩
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