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On August 8, 2018, ShapeShiftAG, the parent company of ShapeShift.io, one of the world’s largest decentralized cryptocurrency exchanges, announced its acquisition of Bitfract, a blockchain software startup based in Austin, Texas.
Bitfract’s crypto trading tool allows users to swap bitcoin for a basket of cryptocurrencies within a single transaction.
Speaking to Bitcoin Magazine, ShapeShift founder and CEO Erik Voorhees revealed that this sort of multi-crypto trading solution has been a long-term target of ShapeShift’s internal engineering team. One thing that stood out about Bitfract for Voorhees was the “creativity and drive of the team.”
The Gabrotech company is developing a platform that will allow making different loyalty rewards a digital asset. Available either for conversion into cryptocurrencies or fiat currencies, or for exchanging with other reward points. The release of the platform is planned for December. For further improvement, the company is running an Initial Coin Offering (ICO) until Sept. 1, with a bonus of up to 20 percent.
Blockchain OTC trading platform ‘Xtock’ has announced the launch of its ‘teaser’ website. The company will be providing a blockchain based OTC token, which will be based on off-the-shelf, real-time financial and corporate data solutions.
Xtock stated that the database and evaluation platform will allow businesses, as well as users, to connect more effectively and efficiently. Xtock will provide liquidity, transparency and funding opportunities by tokenizing companies, evaluated by raw data analytics, and driven by artificial intelligence, government & national credit rating agencies. Xtock is a reverse TGE that is based on pre-existing fintech and digital lending services.
The slow trickle of traditional investment into the crypto market may turn into a flood if a new platform launched by blockchain services provider AxiomLevel Technologies makes its desired impact.
AxiomLevel’s investor onboarding platform serves as a finance industry solution that caters toward institutional players with investor registration, verification and management. It contains a comprehensive know your customer (KYC) module, anti-money laundering (AML) compliance modules, and accredited investor verification, as well as a global whitelisting solution for digital wallets.
New York Stock Exchange operator Intercontinental Exchange (ICE) has revealed it plans to launch a global digital asset platform in November as a “scalable on-ramp” for investors.
ICE To Build ‘Scalable On-Ramp’
“Bakkt is designed to serve as a scalable on-ramp for institutional, merchant and consumer participation in digital assets by promoting greater efficiency, security and utility,” Kelly Loeffler, CEO of Bakkt explained.
In-house blockchain technology solutions continued to permeate supply chains as Australia’s Commonwealth Banks has successfully conducted a high-profile shipping experiment.
‘Agile, Efficient and Transparent’
Australia’s Commonwealth Bank has successfully shipped and tracked seventeen tonnes of almonds in a blockchain-based collaboration with five domestic and international supply chain leaders. The platform used purportedly utilizes distributed ledger technology, smart contracts, and the internet of things (IoT).
Stated Chris Scougall, Managing Director of Industrials and Logistics in Client Coverage, CBA:
Amberdata, a provider of blockchain monitoring and analytics, has announced a partnership with Aion Network to provide real-time transparency and intelligence of Aion’s blockchain on Amberdata’s platform for the community. With support for both the Aion Kilimanjaro (Mainnet) and Aion Conquest (Testnet) blockchains, Amberdata will offer a full suite of tools for monitoring, searching and analysing Aion network’s multi-tier blockchain system.
Kryll.io, an automated strategies trading platform, has announced that its KRL token was listed on cryptocurrency exchange QRYPTOS on the 18th of July 2018 following a successful crowdsale in which the company raised over 3600 ETH. This news comes as the French start-up is gearing up its product for a release in August 2018.
QUOINE is a global fintech company that provides trading, exchange, and next generation financial services powered by blockchain technology. With offices in Singapore, Japan, and Vietnam, QUOINE aims to combine a network of local partners with over 250 years of combined team experience in fintech to deliver best in class financial services for its customers. QUOINE is officially licensed by the Japan Financial Services Agency.