Top Trending Crypto News of the Week: Stellar, IBM, CBOE and Jack Dorsey Among Major Newsmakers


Cryptocurrency news
Cryptocurrency news

Top Trending Crypto News of the Week: Stellar, IBM, CBOE and Jack Dorsey Among Major Newsmakers

Key highlights

    • Jack Dorsey’s Square recruiting for open source contributions
    • Stellar and IBM launch global payments network
    • 4 Countries moving towards crypto regulations
    • CBOE brings Bitcoin Futures to hold
    • Patricia plans to get stablecoin to Africa

Jack Dorsey’s Square recruiting for open source contributions

Jack Dorsey again made major headlines this week as he continued progressing on its crypto projects and plans. According to the recent tweet, Jack announced that Square is forming a new vertical called Square Crypto which will be an “open source initiative independent of [their] business objectives.” To accomplish this new venture, Jack mentioned that they have been hiring three to four cryptocurrency engineers and one designer.

Stellar and IBM launch global payments network

Cryptocurrencies and payments took another leap when IBM announced the launch of its Blockchain World Wire, a service that uses the  Stellar protocol to smoothly facilitate cross border payments and point-to-point money transfers. IBM had originally announced the World Wire in October 2017and since then has been working on its development. With this announcement, the network is finally here and officially accessible in a handful of markets.

4 Countries moving towards crypto regulations

The market for cryptocurrency is just going to take a huge leap as 4 counties of the world are inching closer to regulating it. Canada and the emerging countries pack of Mexico, India, and Israel are all standing on the verge of regulating cryptocurrencies. While regulators in Canada are seeking input from the country’s crypto industry players regarding regulation, the government is soon to be presenting its set of rules in front of the apex court. Mexico and Israel are looking at various aspect before the give a legal nod.

CBOE brings Bitcoin Futures to hold

While the world is waiting for newer investment instruments for crypto, the existing one seems to be falling in danger. This week, the Chicago Board Options Exchange which launched Bitcoin Futures has put them on hold. The exchange purportedly stated that it is not going to list Bitcoin Futures in March this year, however, the previous Bitcoin Futures contracts listed on the exchange will remain listed till their expiry in June.

Patricia plans to get stablecoin to Africa

Africa to get its own stablecoin. Well, that’s true, PATRICIA Technologies, an e-commerce company, is planning to bring a stable for its African users. The company’s founder Hanu Agbodje was quoted saying “We intend to offer Africans something reliable, beneficial and that will boost the IGR of many African countries. Stable coins are important for exchange users, exchange operators, and for the cryptocurrency market as a whole”,

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Top Trending Crypto News of the Week: Stellar, IBM, CBOE and Jack Dorsey Among Major Newsmakers
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Top Trending Crypto News of the Week: Stellar, IBM, CBOE and Jack Dorsey Among Major Newsmakers
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Key highlights Jack Dorsey’s Square recruiting for open source contributions Stellar and IBM launch global payments network 4 Countries moving towards crypto regulations CBOE brings Bitcoin Futures to hold Patricia plans to get stablecoin to Africa
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Disclaimer The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Author: Abhinav Agarwal

A blockchain enthusiast, my expertise extends to marketing and advertising through which I was able to help a few notable startups in generating initial traction. Follow me on Twitter at @abhinavagrwl94 and reach out to me at abhinav[at]coingape.com

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Abhinav Agarwal 98 Articles

A blockchain enthusiast, my expertise extends to marketing and advertising through which I was able to help a few notable startups in generating initial traction. Follow me on Twitter at @abhinavagrwl94 and reach out to me at abhinav[at]coingape.com

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