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Cryptocurrency End of Day Recap

May 15, 2018

  • South Korea’s largest cryptocurrency exchange UPbit has conducted an internal audit that disproves suspicions of fraud according to local South Korean media. Financial regulators visited the exchange with claims that it had faked balance sheets, nor published audit data. Cryptocurrencies sold off on this news late last week

  • IBM and Veridium will be joining forces to bring carbon credits onto blockchain with the goal of making it easier for companies to offset their environmental footprints. Veridium is looking to transform carbon credits into a time of fungible digital asset that can be redeemed and traded on the Stellar (XLM) network

  • Thomson Reuters (TRI) is launching a cryptocurrency real-time rates data feed. The firm will be providing an API interface giving users data from various cryptocurrency exchanges such as Bitflyer and Bitpoint. Thomson Reuters conducted a survey and found that cryptocurrency trading by financial firms is likely to increase this year

  • Epay is adding EOS to its platform, which will now be the fourth cryptocurrency on the online payment platform. Epay also provides Bitcoin (BTC), Ethereum (ETH) and Tether (USDT). The firm offers instant money transfers, electronic payments and e-currency exchanges

  • Crypto storage company ledger, is opening Ledger Vault, an enterprise-grade security solution for digital assets. The firm sold over 1mm Nano S hardware wallets and the Vault wallet will be for institutional investors who have stronger compliance requirements

  • The banking unit of Japan’s Mitsbuishi UFJ Financial Group (MUFG) plans to trial its own cryptocurrency as early as 2019 according to Cointelegraph. MUFG Coin will be released for customers to make payments at places like restaurants, and convenience stores as well as make peer to peer payments