Wells Fargo to Launch USD-Pegged Stablecoin for Internal Settlements

US multinational megabank Wells Fargo & Co. (NYSE:WFC) has revealed plans to launch a US dollar-linked stablecoin that will run on the company’s first blockchain platform. The “Wells Fargo Digital Cash” The service, dubbed “Wells Fargo Digital Cash,” is a tokenized dollar that will be used in internal settlement across the firm’s business. The stablecoin will be piloted first and will debut next year. It’s initially targeting USD transfers, but there is a wider plan to accommodate transfers in other currencies within the company’s blockchain network. On Tuesday, the company…

Huobi Expands to Argentina, Plans to Launch Fiat-to-Crypto Gateway

Singapore-based crypto and blockchain company Huobi Group has rolled out an exchange in Argentina, planning to add support for a fiat-to-cryptocurrency gateway. Per a press release shared with Cointelegraph on Sept. 17, Huobi officially launched Huobi Argentina using Huobi Cloud, a service that allows users to build over-the-counter (OTC) and digital asset exchanges on top of Huobi’s existing platform. Fiat-to-crypto gateway For now, Huobi Argentina’s users can purchase digital currencies with Argentine Pesos (ARS) using Huobi’s OTC service, but the exchange is planning to set up a fiat gateway to…

Binance to Launch Lending for XMR, ZEC and DASH This Week

Binance exchange will feature three new coins within the fifth phase of its crypto lending product available for subscription starting from Sept. 20. Same interest rate for all 3 coins After initially launching its Binance Lending Service on Aug. 28, Binance will now allow users to lend assets and earn interest with three major altcoins, including privacy-focused coin Monero (XMR), Zcash (ZEC) and Dash (DASH). Fifth phase of Binance Lending Service. Source: Binance Similarly to the initial phase, lending products on the fifth phase on the platform will have a…

Galatasaray Is the Latest Big-Name Football Club to Launch a Fan Token

Turkish Football Club Galatasaray Spor Kulübü plans to launch Ethereum-based fan tokens in partnership with blockchain sports fan startup Socios based on sports tokenization platform Chiliz. Socios announces in a press release published on Sept. 16 that as a result of the partnership, The Lions (Aslanlar) — the only Turkish club to have won a major UEFA competition — will release its fan tokens on its platform. A blockchain sports platform Furthermore, the team will also be present on the firm’s blockchain-based, influence and rewards mobile app for football fans.…

Queensland’s Real Estate Institute to Launch Blockchain Tenancy Platform

The Real Estate Institute of Queensland (REIQ) teamed up with local tech startup Igloo to launch a blockchain-based tenancy agreement platform by the end of 2019. As news outlet ZDNet reported on Sept. 15, REIQ general manager Josh Callaghan stated that the new platform will use smart contracts to create “a simple and secure transaction for each tenancy agreement to leverage the benefits of the technology as an irrefutable source of truth,” adding: “All parties will have visibility over the contract at any time from the palm of their hand.…

Bitcoin Price Charts Aligning With Bakkt Launch Points to a Big Move

Bitcoin (BTC) price is stuck within the descending triangle formation for some time now and slowly moving towards the apex of it. Interesting enough, the apex of the triangle is around the actual launch of Bakkt on Sept. 23.  So is BTC price in a bearish pattern or is it just re-accumulation on a higher level? Let’s take a look at the charts. Bitcoin price performance A week ago the price dropped down from the resistance zone around $10,900 towards $10,200, after Bakkt tweeted their opening. However, the price dropped…

London-Based Hedge Fund Raises $50M to Launch New Crypto Investment Fund

Nickel Asset Management, a United Kingdom-based hedge fund manager, has raised $50 million for its newly launched crypto investment fund. According to a report from Finance Magnates on Sept. 9, the hedge fund has raised $50 million for its newly launched crypto investment fund, Nickel Arbitrage Fund, which aims to take advantage of arbitrage trading in digital assets. In arbitrage trading, traders buy an asset on one exchange and sell it on another at a higher price, thereby profiting from the price difference in separate markets. Alek Kloda, portfolio manager…

Stellar Development Foundation and Keybase Jointly Launch $120M Airdrop

The Stellar Development Foundation, a non-profit founded to support the development of the open-source Stellar network, is launching a $120 million airdrop in collaboration with encrypted messenger Keybase. According to a Sept. 9 blog post, Keybase will be giving 100 million Stellar (XLM) each month over the next 20 months to their users, which totals to 2 billion XLM, or almost $120 million. Keybase will distribute XLM among its more than 300,000 users. *Certain conditions may apply The foundation states that eligible participants in the airdrop must have had a…

Waves Platform and The Abyss to Jointly Launch Blockchain-Based Games Marketplace

Open source blockchain platform Waves and blockchain game distribution platform The Abyss will jointly launch a blockchain-based marketplace of digital goods and in-game items. In a blog post published on Sept. 5, The Abyss revealed its collaboration with the Waves Platform, aimed at the development of a blockchain-powered marketplace of tradable goods and in-game items. The marketplace will enable users to purchase items with Abyss Tokens and sell them to other users. Waves blockchain-integrated tokens The integration of Abyss Tokens with Waves blockchain will allow game developers to incorporate Abyss…