December 1, 2020

Cryptheory

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Crypto News of the Day (22.1.) | Vodafone leaves Libra Association • SEC Brings Charges Against Another ICO • and other news

4 min read
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Here you can find an overview of the most important crypto events in the last 24 hours.

 

Markets

Markets tend to stagnate and wait, trading is rather horizontal today. Bitcoin is currently growing slightly, the price is above 8,600 USD. Bitcoin dominance declined slightly to 65.6% due to altcoin growth. The mood is still neutral, according to the Fear & Greed Index.

 

You can monitor the current cryptocurrency prices – here.

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Cryptocurrencies

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Regulations

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Crypto Exchanges / Banks

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Blockchain / Technology

 

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Vodafone leaves Libra Association and develops its own digital payment service

The British multinational telecommunications conglomerate Vodafone left the Libra Association. Both Vodafone and Libra have already confirmed this information. According to Vodafone, the company will use resources dedicated to Libra to develop its digital payment service, M-Pesa. M-Pesa allows customers to securely send, receive and deposit money using a basic smartphone. The service, which is mainly used in Africa, allows all businesses to collect payments, purchase supplies and pay salaries. It also helps governments collect taxes and make social security payments.

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AliPay partner integrated RippleNet for cross-border payments

Southeast Asian fintech company Tranglo integrates Ripple technology for payments. Tranglo started the implementation of RippleNet last November. The Malaysia-based company reports that its cross-border API money transfer manages payments in 18 countries, including China, India, Japan, Singapore and the Philippines. Earlier this month, the company announced a partnership with China’s AliPay, the world’s largest mobile payment platform with 1.2 billion users.

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SEC brings charges against another ICO

The US Securities and Exchange Commission (SEC) is tightening the loop around the ICO. In the next step, the Commission filed legal action against another allegedly fraudulent ICO of unregistered digital securities. SEC has filed charges against Opporty International, Inc. Opportunity defendants and its only owner, Sergei Grybniak, made a fraudulent and unregistered initial offer of digital securities following a complaint. The tokens were called OPP Tokens and Grybniak was able to raise approximately $ 600,000 from approximately 200 investors located in the US and abroad.

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Bitfinex now allows to manage up to 100 accounts from one master account

Bitfinex has added a new feature to its platform that allows institutional merchants to create up to 100 subaccounts per master account. The “subaccount” function was enabled due to increasing institutional demand, Bitfinex said, adding that it would allow users to deploy different business strategies simultaneously. Bitfinex is not the only cryptobourse that offers this feature. Binance offers up to 200 subaccounts from December 2018. Gemini also recently introduced this feature with an “unlimited” number of subaccounts.

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Huobi announced the launch of a new digital platform Huobi Brokerage

Yesterday, Huobi cryptoexchange launched a new digital asset trading platform called Huobi Brokerage, which is aimed at high-income institutions and individuals. Huobi says that Huobi Brokerage supports “bulk block trades across major cryptocurrencies and stable coins such as BTC, USDT, HUSD, PAX, TUSD and USDC” and that ETH, EOS, BCH, LTC, and XRP support will come later in the first quarter.

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OECD has set up an expert group on the promotion and adoption of DLT

The Organization for Economic Co-operation and Development (OECD) has set up an advisory committee with Blockchain experts (BEPAB) to facilitate governments and other stakeholders to reap the benefits of distributed book of accounts (DLT). According to the Ledger Insights report of January 21, 2020, BEPAB is made up of several blockchain experts, including representatives from companies such as IBM, R3 and ConsenSys.

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The Singapore government has formed an alliance with companies like Mitsubishi and Mastercard for adopting digital technologies

The Government of Singapore, the International Chamber of Commerce (ICC) and 16 other companies, including Mastercard, Mitsubishi Corporation, DBS Bank, Tokyo Marine and Marubeni Corporation, have joined in an alliance to accelerate the take-up of digital technologies in business.

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