Hong-Kong-based crypto exchange Bitfinex reportedly plans to issue its own cryptocurrency and to celebrate an IEO to attract $1B in Tether (USDT).

Bakkt Makes Another Important Acquisition Bitfinex Uses Tether Funds to Cover $850M Loss Bitfinex Wants To Raise $1B through its IEO Blockchain Wallet Adds Support for Paxos Standard Central Bank of Myanmar Warns Against Crypto Central Banks of Canada & Singapore Conduct Cross-Border Blockchain Payments CoinMarketCap Announces Transparency Alliance ErisX Publicly Launches Spot Market Facebook May Launch Crypto-based Payment Service FedEx CIO Believes Blockchain Will Play a Key Role in the Future Fidelity Sees Big Growth of Institutional Investors in Crypto Over the Next Five Years Finland Starts Crypto Regulation Galaxy Digital Lost $273 in 2018 Huobi DM Launches TRON Derivatives India Considers Ban on Cryptocurrencies Jaguar Land Rover Develops Smart Wallet that Rewards with IOTA JPMorgan Partners with Microsoft to Make Blockchain Easier KuCoin Presents Sub-Account Feature Liquid Expands into U.S. Major U.S. Crypto-focused digital ecosystem Bakkt has acquired Digital Asset Custody Company (DACC), a cryptocurrency custodian that develops various blockchains and operates cutting-edge consensus mechanisms. According to the New York Attorney General’s office, Hong Kong-based crypto exchange Bitfinex has reportedly used Tether funds to secretly cover $850M loss. Hong-Kong-based crypto exchange Bitfinex reportedly plans to issue its own cryptocurrency and to celebrate an IEO to attract $1B in Tether (USDT). Backed by Virgin, Google Ventures and many more, cryptocurrency wallet Blockchain has added support for paxos standard (PAX). The Central Bank of Myanmar has issued an official warning against the use and trade of cryptocurrencies, The Irrawaddy reports. The Bank of Canada and the Monetary Authority of Singapore (MAS) have successfully conducted an experiment on cross-border payments via central bank digital assets, the official press release reports. Popular analytical website for crypto-related data, CoinMarketCap (CMC), is celebrating its 6th Birthday and has announced it will launch Transparency Alliance in cooperation with over 10 Top bitcoin exchanges. Crypto-focused derivatives provider ErisX is publicly launching its spot market, the official press release states. Facebook is consulting with various fintech and e-commerce companies to support Facebook’s crypto payment service, CNBC reports. The distributed ledger technology will become an “inevitable and essential” tool in tracking goods and reducing fraud in the supply chain in a foreseeable future according to FedEx Corp.’s chief information officer, Rob Carter, The Wall Street Journal (WSJ) reports. American financial services company, Fidelity Investments, has published a research, according to which, many institutional investors are looking to invest more in digital assets “over the next five years.” According to the survey, about 22% of institutional investors already have some exposure to digital assets, with most investments having been made within the past three years. The Financial Supervisory Authority (FIN-FSA) has announced that the Act on virtual currency providers will come into force on 1 May.

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