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Crypto Reporter

Online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies


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Crypto news in brief (November 21, 2018): BitPay, Paxos Standard, Spencer Bogart, South Korea, bitcoin index, Bakkt

November 21, 2018 By Crypto Reporter

– 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 integrated Paxos 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).

***

Spencer Bogart, a partner at the investment firm Blockchain Capital, believes that cryptocurrencies have “gigantic opportunities” despite the current bear market.

***

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.

***

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.

***

ICE’s bitcoin futures trading platform Bakkt is delaying its launch till January 24, 2019.

More news:

  • Bakkt partners with Google to make crypto payments more accessible
    Bakkt partners with Google to make crypto payments more accessible
    October 11, 2021
  • British Standard Chartered bank to launch a trading platform for institutional investors 
    British Standard Chartered bank to launch a trading platform for institutional investors 
    June 7, 2021
  • Binance acquires Japanese crypto exchange Sakura Exchange BitCoin
    Binance acquires Japanese crypto exchange Sakura Exchange BitCoin
    December 5, 2022
  • The first U.S. bitcoin ETF begins trading
    The first U.S. bitcoin ETF begins trading
    October 20, 2021
  • Choosing the Best Bitcoin Wallet in 2021
    Choosing the Best Bitcoin Wallet in 2021
    June 24, 2021
  • 90% of total Bitcoin supply has been mined
    90% of total Bitcoin supply has been mined
    December 13, 2021

Filed Under: General News, News Tagged With: Bakkt, bitcoin, BitPay, BTC, cryptocurrency, news, news in brief, PAX, Paxos Standard Token, South Korea, Spencer Bogart

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