Cryptocurrency Daily Roundup – Jan.31

Here is a summary of some of the widely followed stories on cryptocurrency and blockchain during the past 24 hours.

Wikimedia Foundation partners BitPay to Accept crypto Donations

The Wikimedia Foundation, which owns and operates Wikipedia and other Wikimedia free knowledge projects, is partnering Bitcoin payment processor BitPay to enable receipt of donations in cryptocurrencies such as Bitcoin and Bitcoin Cash. The partnership will allow people to donate in Bitcoin and Bitcoin Cash to the Wikimedia Foundation from anywhere in the world cheaply and quickly

Hacker Reportedly Continues To Siphon Off Cryptopia Exchange

Crypto currency looting from the New Zealand-based crypto trading company Cryptopia continues unabated several days after it suffered a major hacking attack, according to data company Elementus. Cryptopia had announced on January 14 that it suffered a security breach that resulted in significant losses. The exchange has not disclosed the value of the losses, the tokens and currencies affected or any measures to refund users.

Fujitsu develops blockchain-based power exchange system

Japanese IT products and services giant Fujitsu said it developed a blockchain-based exchange system for commercial electricity consumers that aims to facilitate a more stable power supply at peak periods, and save energy. It will quickly calculate how much energy is available from sellers and match that with available buy orders in order to receive a faster response at peak times.

JPMorgan Says Blockchain Making Progress In Areas Outside Crypto

Blockchain, the underlying technology behind cryptocurrencies like bitcoin, is making progress in different areas other than crypto, according to JPMorgan Chase & Co. Noting the technology’s successful use cases, the banking major said blockchain needs to be separated from cryptocurrencies. In an interview with Bloomberg, Joyce Chang, JPMorgan’s chair of global research, said, “Blockchain isn’t going to reinvent the global payment system, but it will provide marginal improvements.”

Crypto Lender Genesis Capital Processed Over $1.1 Bln In 2018

Cryptocurrency lending company Genesis Capital, an affiliate of Genesis Trading, reported that it has processed $1.114 billion in borrows and lends in 2018. According to the recently released Digital Asset Lending Snapshot for fourth quarter, the company’s total loan originations were $500 million in the last quarter alone. The fourth-quarter loan originations increased more than 100 percent in the final three months of 2018 compared to the prior six-month period, it said.

Russian government introduces blockchain-powered diamond tracking

Russian Ministry of Education and Science (Minobrnauki) introduced a blockchain-powered platform in partnership with Russian blockchain startup Bitcarat.com, to track and guarantee the authenticity of natural diamonds according to a report by Russian news agency TASS. The platform is more relevant in a situation where there are natural, synthetic and fake stones at the same time.

Current Prices

As of this writing, Bitcoin is down 0.65 percent or $22.25 at $3413.11 on Coinbase. Ethereum is 1.97 percent or $2.13 lower at $105.58.

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