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Crypto Reporter

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Crypto news in brief (October 30, 2018): Blockchain in agriculture, Bitstamp, Lighting Network, Fidelity, Berkshire Hathaway

October 30, 2018 By Crypto Reporter

– The world’s four largest agriculture companies have partnered to standardize and digitize international grain trading using blockchain technology
– NXMH acquires a majority stake in Bitstamp
– Bitcoin developer Pierre Rochard to create Microsoft Excel plugin for Lighting Network payments
– Fidelity Digital Assets renounces the idea to launch crypto exchange, will offer custody service instead
– Berkshire Hathaway invests in fintech and blockchain startups

The world’s four largest agriculture companies, commonly known as ABCD, have partnered to standardize and digitize international grain trading using technologies such as blockchain and artificial intelligence.

Archer Daniels Midland Co, Bunge Ltd, Cargill Inc and Louis Dreyfus Co, known collectively as the ABCD of global grain trading, said the effort would make international commodities trades more efficient and transparent and reduce costs.

***

Belgian investment company NXMH has acquired a majority stake in Bitstamp, a European crypto exchange.

Bitstamp is the largest digital currency exchange in the European Union by volume, with turnover of $100 million per day.

NXMH, with assets under management of more than 2 billion euros, is the European subsidiary of South Korea-based NXC, which invests in digital technologies. NXC also owns South Korean cryptocurrency exchange Korbit.

***

Pierre Rochard, bitcoin developer and director of consulting firm Bitcoin Advisory, will introduce a Microsoft Excel plugin that allows to conduct Lightning Network payments from within the app. The plugin code will be published as open-source in the near future.

***

Fidelity Digital Assets has renounced the idea to launch crypto exchange. Instead, it will be offering a cold wallet solution to store large volumes of crypto assets for institutional investors.

***

Berkshire Hathaway, lead by bitcoin non-believer Warren Buffett, has broke away from its traditional course and invested in fintech and blockchain startups. In recent months the company has put in about $600 million in Brazilian payment service StoneCo Ltd. and Indian blockchain startup Paytm.

More news:

  • Coinbase, Crypto.com and Bitstamp secure regulatory approval in Italy
    Coinbase, Crypto.com and Bitstamp secure regulatory approval in Italy
    July 26, 2022
  • Fidelity to offer 401(k) investors to access bitcoin
    Fidelity to offer 401(k) investors to access bitcoin
    April 28, 2022
  • Twitter will integrate bitcoin into the social network
    Twitter will integrate bitcoin into the social network
    July 27, 2021
  • Bitcoin network surpasses PayPal in volume processed
    Bitcoin network surpasses PayPal in volume processed
    November 29, 2021
  • UAE is set to welcome crypto licensing 
    UAE is set to welcome crypto licensing 
    February 26, 2022
  • PayPal to launch its own crypto wallet 
    PayPal to launch its own crypto wallet 
    August 4, 2021

Filed Under: General News, News Tagged With: agriculture, Berkshire Hathaway, Bitstamp, cryptocurrency, Fidelity, Fidelity Digital Assets, Lighting Network, news, news in brief, NXMH

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