🗞 Daily Crypto News, March, 19th💰

Blockchain Startup Bison Trails Receives $5.25 Mln Investment Backed by Galaxy Digital;
New Report Warns 87 Percent of Cryptocurrency Exchange Volume Is Potentially Suspicious;
IBM Signs 6 Banks to Issue Stablecoins and Use Stellar’s XLM Cryptocurrency;
Citi Has Scrapped Its Plan for a JPM Coin-Like Bank-Backed Cryptocurrency ;
Largest Swiss Online Retailer Digitec Galaxus Now Accepts Cryptocurrencies ;
📑 Daily Crypto Calendar, March, 19th💰
STEEM Trading Update

Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!

🗞 Blockchain Startup Bison Trails Receives $5.25 Mln Investment Backed by Galaxy Digital

New blockchain startup Bison Trails has received an investment of $5.25 million in a seed round backed by Mike Novogratz’s crypto merchant bank Galaxy Digital. The firm announced the fundraising in a Medium post on March 15.
newLed by two early stage venture capital firms Initialized Capital and Accomplice, the series seed round was also backed by both Galaxy Digital and blockchain-focused asset management firm Distributed Global. Other investors included Notation Capital, Homebrew and Charge Ventures.

Bison Trails’ blockchain infrastructure is designed to offer a way to launch secure, available and geographically distributed nodes on a participatory blockchain network, the press release notes. The Bison Trails platform enables a number of blockchain tools including staking, validating, voting, transacting and securing blockchain protocols.

🗞 New Report Warns 87 Percent of Cryptocurrency Exchange Volume Is Potentially Suspicious

Almost 90 percent of cryptocurrency exchanges’ reported trade volumes may be incorrect, new research from trading analytics platform The Tie warned in a digest released on March 18.

Reporting on figures gathered from 97 exchanges, researchers found that the vast majority of the volume claimed to come from users may not in fact exist.

The revelations came as a result of calculations of lesser-known exchanges versus well-known businesses such as Binance and Kraken.

🗞 IBM Signs 6 Banks to Issue Stablecoins and Use Stellar’s XLM Cryptocurrency

IBM is taking its banking clients a step closer to cryptocurrency.
Announced Monday, six international banks have signed letters of intent to issue stablecoins, or tokens backed by fiat currency, on World Wire, an IBM payment network that uses the Stellar public blockchain. The network promises to let regulated institutions move value across borders – remittances or foreign exchange – more quickly and cheaply than the legacy correspondent banking system.

So far three of the banks have been identified – Philippines-based RCBC, Brazil’s Banco Bradesco, and Bank Busan of South Korea – the rest, which are soon to be named, will offer digital versions of euros and Indonesian rupiah, “pending regulatory approvals and other reviews,” IBM said.

🗞 Citi Has Scrapped Its Plan for a JPM Coin-Like Bank-Backed Cryptocurrency

In light of the splash JPMorgan made recently with its plan for a bank-backed cryptocurrency, it’s worth remembering another big institution first tested a token to connect global payments – back in 2015.
Codenamed “Citicoin,” the project out of Citigroup’s innovation lab in Dublin was never formally announced by the bank, even as a proof of concept. The idea was to streamline global payment processes. As such, there are obvious parallels with the much-vaunted JPM Coin.
However, having taken stock of the experiment (not to mention the scorn of the bitcoin community at that time) Citi concluded that, while the technology has the potential to live up to its promises, there were other more effective and efficient ways of making improvements in payments.

🗞 Largest Swiss Online Retailer Digitec Galaxus Now Accepts Cryptocurrencies

Leading Swiss online retailer Digitec Galaxus has announced that it will now accept cryptocurrencies, according to a press release published on March 19.

Per the announcement, the shop is now accepting Bitcoin (BTC), Bitcoin Cash (BCH), Bitcoin SV (BSV), Ethereum (ETH), Ripple (XRP), Binance Coin (BNB), Litecoin (LTC), Tron (TRX), NEO (NEO) and OmiseGO (OMG) for purchases worth over CHF 200 (about $200). The release further claims that the shop hosts around 2.7 million products, ranging from wheat beer to gaming PCs.

The new payment method was reportedly jointly developed as part of a pilot project with Swiss payment processor Datatrans and in collaboration with Danish crypto payments startup Coinify. The system opens 15-minute-time windows for customers, during which the crypto exchange rate doesn’t change in order to make the payment with a fee of 1.5 percent.

📑 Daily Crypto Calendar, March, 19th💰

Spendcoin (SPND)

"On March 19, we’re launching a US dollar (USD) market for Spendcoin (SPND). Eligible Bittrex accounts are auto enabled for USD trading."

Binance Coin (BNB)

Binance launchpad Celer BNB session starts at 11:00.

Fox Trading (FOXT)

"The Trading Pool will be opened on the 19th of March!"

WandX (WAND)

WandX DEX on NEO, Wanchain and AION is set to go live on Mainnet on March 19, 2019. Two new tokens also will be announced & airdropped.

Veros (VRS)

Veros releases Q2 roadmap update.

STEEM Trading Update by my friend @cryptopassion

Here is the chart of yesterday :

Here is the current chart :

Nothing really new on the STEEM. We are staying really next than our support/resistance level in blue on the chart and the market is waiting for a Break Out to know the future direction for the STEEM. It is a similar pattern on all other cryptos but also on the master, the BTC. Let's see which direction we will take in the coming days but at least, we had really a change of trend these last weeks but for sure we will have also some new corrections in a near future.

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