Crypto News: JP Morgan, Coinmama, Binance, OmiseGo, Ambrosus, Kyber, MEW (beginning of February)

JP Morgan is rolling out the first US bank-backed cryptocurrency

On 14th of February JP Morgan has annouced that they are rolling out the first US bank-backed cryptocurrency to transform payments business. J.P. Morgan Chase moves more than $6 trillion around the world every day for corporations in its massive wholesale payments business.

In trials set to start in a few months, a tiny fraction of that will happen over something called “JPM Coin,” the digital token created by engineers at the New York-based bank to instantly settle payments between clients.

Coinmama security breach

On 15th of February Israel-based crypto brokerage Coinmama — which allows users to purchase Bitcoin (BTC) and Ethereum (ETH) using a credit card — has suffered a major data breach affecting 450,000 of its users.

Coinmama informed that there was a list of emails and hashed passwords that were posted on a dark web registry. They also said that their security team is investigating, and based on the information at hand. No cryptocurrencies such as Bitcoin, Ethereum and Ripple were stolen from user wallets.

Binance delisting

On 14th of February Binance has annouced that it will be delisting 5 cryptocurrencies: private cryptocurrency CloakCoin, supply chain coin Modum (MOD), blockchain based evaluation platform WINGS, loan platform SALT and open source decentralised internet platform Substratum (SUB)

Binance is not new to delisting and few months ago delisted few assets including Bytecoin. The delistings on Binance are always very painful with all cryptos (with exception of SALT) losing around 40-50% of value. The delisting were especially painful for Modum and Substratum since those are not listed on any bigger exchanges.

Binance constantly reviews each digital asset on its exchange. Those that do not meet a set list of criteria are delisted. The criteria include things like team commitment, development activity, public communication, evidence of fraud etc.

OmiseGo and Ethereum plasma implementation

On 15th of February OmiseGO’s has posted an update on the alpha release. The alpha release, which isnicknamed Ari, concludes the current stage in the Omisego development cycle.

The team said that they are in a good place with their builds, deployments, and smart contract development and they are ready to start using their Plasma MoreVP implementation on a public Ethereum network with users.

To test the integration of third-party apps with their Plasma MoreVP network. Hoard will be using the test network Ari at ETHDenver! Hoad helps the game developers to easily integrate blockchain technology into their games. EthDenver is an Ethereum oriented event that is taking place currently. Plasma Dog was created by Hoard and is the first dapp that is live on Ethereum network that is using (MoreVP – More Viable Plasma implementation)

Ambrosus project update

On 18th of February Amrosus has published their project update to keep the supporters up to date. First of all they have annouced that they are testing a newly designed and pre-prototyped ‘Low-Cost Serialization Tag’ (LCS Tag)

The tag is projected to cost 1 cent (estimated to be 5 to 10 times cheaper than similar tags on the market)! and can contain up to 64 bits of information allowing for the generation of 18 quintillion unique IDs for different products. The tag only possesses an antenna — in which a unique ID is encoded. With such a design, all electronics are eliminated (i.e. no chip).

The team also highlighted developments happening with Ambrosus Explorer, Dashboard, Wallets, and Bridge; Front-End tasks including B2B and B2C Applications, Interface Design, and Client Solutions. AMB is barely in the top 300 in terms of mcap which considering the potential and development could mean good investment

Kyber and MEW

MyEtherWallet (MEW), the well-known Ethereum wallet platform, has annouced on 11th of February launching their brand new user interface. The release will include Kyber’s token swap functionality which will be key feature that is natively integrated into the platform.

With more than 4 million web visits on average each month, MEW is among the most popular Ethereum wallets in the world. MEW integrated Kyber’s liquidity protocol on April 2018, allowing millions of users to access and convert tokens directly and easily on their platform without going to third-party sites. Previously, users were only able to swap from ETH to ERC20 tokens and vice versa however.

With the update to MEW’s interface, users will now be able to perform arbitrary ERC20 to ERC20 token swaps with over 70 different tokens which is great news for MEW users as well as Kyber token holders.

Crypto News: JP Morgan, Coinmama, Binance, OmiseGo, Ambrosus, Kyber, MEW (beginning of February)

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Kane Dane