HomeCryptocurrencyDaily RecapDaily Crypto Roundup 1/16/2019

Daily Crypto Roundup 1/16/2019

Grin

Today, crypto brought news of Vontobel’s custodianship product, John Carvalho’s duel with Roger Ver, and Binance’s new exchange launch. Grin Coin’s launch also garnered significant interest and U.S. Representative Tom Emmer’s bill showed positivity toward crypto.

Additionally, Crypto Insider took a dive into decentralized content and bitcoin community ideology.

Take a look:

Vontobel Bank Announces Digital Asset Vault For Crypto Custody

Vontobel, a big player in the investment banking space, recently unveiled its new Digital Asset Vault. The product will equip “Swiss banks and asset managers to utilize the banking framework and support for their customers’ digital asset purchasing and storage desires,” Crypto Insider reported.

Digital asset involvement and interest have grown significantly, even after prices tumbled for most of 2018. Vontobel’s new product is another step toward mass public crypto availability.

Read on Crypto Insider

John Carvalho Challenges Roger Ver To A Fight For The Bitcoin.com Domain

Bitcoin Error Log, aka John Carvalho, has challenged bitcoin cash supporter Roger Ver to a duel. The fight’s winner will receive the Bitcoin.com domain name.

Bitcoin cash proponents largely have run Bitcoin.com until possibly now if Carvalho wins.

Crypto influencer Peter McCormack hosted both individuals on separate recent interview occasions. Terms of the battle reportedly will be revealed in the days ahead.

Read on Crypto Insider

Binance Targets EU, UK Traders With New Fiat-To-Crypto Exchange

One of the top dogs in the crypto exchange category, Binance, recently launched a new operation which touts a fiat currency gateway.

Headquartered on the British island of Jersey, the new platform looks to focus efforts on customers in the U.K. and Europe, hosting crypto assets paired with the euro and the British pound.

The Jersey-based Binance platform is independent of the current well-known crypto exchange powerhouse Binance.com. Although the new platform was developed under the same technological methods as Binance.com.

Read on CoinDesk

Grin Mining Launch Draws Interest From Deep-Pocketed Investors

A new mimblewimble-based, privacy-focused crypto asset named Grin launched yesterday. Surprisingly, investment firms showed a significant amount of interest in the new project, comprising a large sector of the project’s new initial miners for the launch.

Eric Meltzer explained some of the details in his Proof of Work article this week.

“There is (by our conservative estimates) 100 million dollars of mostly VC money invested into special-purpose investment vehicles to mine Grin. This does a lot of weird things: it turns a bunch of people who would have been buyers of grin into sellers of it, it changes the composition of the early holder roster, and it means the chain will launch with an extremely high degree of security via high PoW hashrate,” Meltzer mentioned.

Read on CoinDesk

US Lawmaker Reintroduces Bill Seeking ‘Safe Harbor’ For Some Crypto Startups

The regulatory hammer has come down hard over the past year in the crypto space. U.S. Representative Tom Emmer, however, proposed a bill to improve the current situation.

Basically, under the bill, companies would not need a license or registration unless said companies held customers’ crypto assets for them (aka custodianship).

Read on CoinDesk

Written by

BJ is a full time writer, editor, and trader in the cryptocurrency space. He has written many professional articles for numerous ICOs, news sites, and other interested parties in the crypto space. He is also a trader, staying up to date with the crypto markets constantly, and dabbling in traditional financial market trading occasionally.

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