– BitPay has integrated Paxos Standard Token (PAX) into its services
– Spencer Bogartbelieves that cryptocurrencies have “gigantic opportunities”
– South Korean government will use blockchain technology to track beef through the supply chain
– MV Index Solutions (MIVS), a subsidiary of VanEck, has launched a new bitcoin index
– ICE’s bitcoin futures trading platform Bakkt is delaying its launch till January 24, 2019
BitPay has integratedPaxos Standard Token (PAX) into its services, allowing merchants to utilize the stablecoin in settling their transactions.
Earlier, BitPay allowed merchants to use Gemini Dollars (GUSD) or Circle’s Dollar Coin (USDC) stablecoins in addition to bitcoin (BTC) and bitocin cash (BCH).
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Spencer Bogart, a partner at the investment firm Blockchain Capital, believes that cryptocurrencies have “gigantic opportunities” despite the current bear market.
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The South Korean government will use blockchain technology to track beef through the supply chain to provide consumers with information about the source of their food. The program will be launched jointly by the Ministry of Science and ICT and the Ministry of Agriculture, Food and Rural Affairs.
The program testing phase is scheduled for December and the official system launch is scheduled for January 2019.
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MV Index Solutions (MIVS), a subsidiary of New York-based investment management firm VanEck, has launched a new bitcoin index MVIS Bitcoin US OTC Spot Index.
The index shows the spot price of bitcoin by tracking its performance based on three of the leading providers in OTC liquidity, including Circle Trade, Cumberland and Genesis Trading.
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ICE’s bitcoin futures trading platform Bakkt is delaying its launch till January 24, 2019.
