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Cryptocurrency and Blockchain News
The Australian Transaction Reports and Analysis Centre (Austrac) has now officially registered 246 cryptocurrency exchanges. Pro-regulation industry participants have described the move as a key step towards legitimizing crypto assets. The registration process includes performing background checks and other anti-money laundering procedures on the entities involved.
Independent Reserve, an Australian-based cryptocurrency exchange, has announced the addition of insurance coverage, which is aimed at protecting its clients. This makes it the first exchange of its kind to offer this coverage in Australia.
Citing unnamed sources, financial news outlet Cheddar reports that Facebook acquired Chainspace, a blockchain firm founded by University College London researchers. The Chainspace website describes its project as “a planetary scale smart contracts platform” that uses a “distributed web of blockchains for scalability, speed and privacy.”
February is just starting and predictions for the market are just starting to appear. During the first month of the year, Bitcoin (BTC) moved from $3,750 down to $3,400 falling almost 10 percent. However, at the beginning of January, Bitcoin surpassed $4,000 for a short period of time. At the time of writing, Bitcoin is being traded close to $3,500 but without any signs of moving to one side or the other.
2019 will be the year companies when work together towards deriving a deeper potential that blockchain has to offer across industry applications, according to technology leaders.
The Biotech Electronic Security Token (BEST) aims to fund drug development through increased liquidity while offering value to investors.