Abra enables visa and MasterCard options to buy Bitcoin
Crypto wallet app Abra announced today that users can now buy Bitcoin with a VISA or Mastercard.
Up until now users were only able to purchase Bitcoin using methods such as wire transfer or sending other cryptocurrency.
Binance invests to build world’s first decentralized bank in Malta
Binance seeks to lay groundwork for a new bank whose owners will be crypto investors.
The company said the crypto-friendly island of Malta will be home of the future Founders Bank and that it has invested in a 5 percent stake alongside other anchor investors at a $155M pre-money valuation.
The bank would need a license from regulators in Malta, a member of the European Union and subject to its financial rules.
The project, based on blockchain systems, will seek to turn Founders Bank into the first decentralized and community-owned bank in the world, provided it gets the necessary permits.
Cartier plans to track diamonds with blockchain
Richemont, the Swiss luxury goods giant that owns Cartier, is turning to blockchain in a move aimed to bring transparency to its supply chain.
Jin Keyu, a renowned economist and an associate professor at the London School of Economics (LSE) who was appointed by Richemont as a board member last year, said during a speech at an event on Thursday that the luxury giant aims to use blockchain to control all the “parallel markets.”
“As Cartier’s parent company, we have recently decided to start utilizing blockchain to trace the origin of diamonds, rocks and gold back to the mines or recycling factories. For all the watches we sell, we also hope to (use blockchain) to track their sources to validate their authenticity,” she said.
Kraken Daily Market Report for 11.07.2018
KRAKEN DIGITAL ASSET EXCHANGE
$97.2M traded across all markets today