Tether-based Stablecoin, new Nasdaq cryptocurrency index, Stellar airdrop and other news Tuesday, September 10

By September 10, 2019 22:25

China - Coinconomist

Tether launches RMB-based stablecoin

The crypto company Tether announced the launch of the CNHT stablecoin linked to the offshore renminbi yesterday, September 9.

The Tether report notes that, like the previous stable coins, USDT is backed by US dollars and EURT is backed by the euro, this asset will also work on the basis of the ERC-20 Ethereum blockchain.

Well, a good addition to the stablecoin family. I think this asset will be warmly accepted by the crypto community, given that participants from China occupy a large part of it. Hope to see CNHT soon on top crypto exchanges; its listing should slightly revive trading volumes.

Nasdaq Launches New Cryptocurrency Index

The main US stock exchange Nasdaq unveiled a cryptocurrency index called Defix, developed jointly with the brokerage company Exante.

The press release notes that the new index includes cryptocurrencies of projects such as Amoveo (VEO), decentralized exchange protocol 0x (ZRX), Augur (REP), as well as the management token of the decentralized autonomous organization DAI stablecoin and MakerDAO (MKR).

This index is already available on the Nasdaq Global Index Data Service (GIDS) platform, TradingView and Google. It will later be added to Yahoo Finance.

We also add that on the basis of this index, Exante plans to create a fund, the launch of which is scheduled for this fall.

Stellar Holds Airdrop 2 Billion XLM

It is reported that the Stellar Development Foundation plans to conduct airdrop 2 billion XLM tokens (approximately $ 118 million) among users of the Keybase messenger.

Coins will be allocated to participants in batches of 100 million XLM for the next 20 months. In order to participate in the distribution of coins, you only need to have an authenticated account on Keybase, XLM coins to which will be credited automatically.

So far, airdrop is guaranteed to last 3 months, after which Stellar will analyze the key success indicators. And if the result satisfies them, then airdrop will last until the above 20 months. In this case, this will be the largest distribution of coins in the entire history of the Stellar project.

ICE announced preliminary requirements for Bakkt Bitcoin (BTC) futures

According to a September 9 Intercontinental Exchange document, the initial hedge requirement for daily and monthly futures contracts is $ 3,900. The speculative initial requirement for both contracts is $ 4,290.

Monthly applications for monthly and daily futures contracts range from $ 400 to $ 1,000 for a hedge rate between $ 440 and $ 1,100 for a speculative bet.

These margin requirements are the latest developments around Bakkt’s long-awaited futures contracts. At the same time, Bakkt reported that the Bitcoins stored in its warehouse are protected by a $ 125 million insurance policy.

Recall that the deposit and removal of an asset from a warehouse began on September 6. And the official launch of Bakkt is scheduled for September 23, then the margin requirements will start to apply…

Casper Labs raised $ 14.5 million

As part of the A-series financing round (in which such companies as Arrington XRP Capital, Consensus Capital, Axiom Holdings Group, Digital Strategies, MW Partners, Blockchange Ventures, Hashkey Capital and Distributed Global.) Participated, led by blockchain investment company Acuitas Group Holdings startup Casper Labs managed to raise $ 14.5 million, according to Coindesk.

The funds received will be used to create a PoS blockchain based on the Casper solution, as well as to attract developers. In the coming months, the startup will allegedly present several “interesting” technical updates.

Gemini Launches Custody Service

The crypto exchange Gemini, the Winklevoss brothers, has launched its own custodial service Gemini Custody, which will allow you to trade assets stored offline. This feature is available thanks to instant loans …

Users of the service will have access to such currencies as Bitcoin, Ethereum, Litecoin, Bitcoin Cash, ZCash, 0x, Augur, BAT, BRD, Dai, Maker, MANA, Enjin, Flexacoin, Gemini Dollar, OmiseGo, Kyber Network and Loom Network; despite the fact that the exchange itself supports only the first 5 assets and Gemini Dollar.

Good exchange updates. However, do not forget that the new custody service from Gemini will have to compete with Coinbase Custody, BitGo, Fidelity Digital Assets and the custody solution from Bakkt, which clearly does not look in favor of Gemini. (Perhaps to attract users, to use this service, Gemini will offer some additional “bonuses” that its competitors will not have… It would be quite attractive.)

Netki has made operational changes to meet FATF standards

According to CoinDesk, in the TransactID service of the Netki digital identity service provider, 2 new functions have been added that provide:

  • the ability to break a user’s certificate of identity into smaller pieces of personal information (PII)
  • the right of senders and recipients of funds to ask PII from each other.

According to Netki CEO Justin Newton, the company upgraded TransactID in response to the crypto industry regulation recommendations issued by the FATF Financial Anti-Money Laundering Development Group (FATF) in June, according to which cryptocurrency service providers (VASPs) should exchange information about the parties to the transaction.

“There used to be one big atomic transaction in which the parties exchanged all the information. Now the protocol allows a kind of conversation that involves requesting and exchanging separate parts of the identification information with each other,” CoinDesk quoted as saying Newton.

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By September 10, 2019 22:25