cryptocurrency

Bitcoin Drifts Below $4,000; Mizuho to Launch Stablecoin


© Reuters.

Investing.com – Bitcoin prices remained below the $4,000 mark on Thursday with no clear driver, ignoring the rally in most other ‘risk assets’ on the back of reports of progress in resolving the trade spat between the U.S. and China.

News flow in the sector was thin, with Samsung (KS:)’s inclusion of a cryptocurrency wallet on its new smartphone filling the void.

slipped 0.08% to $3,943.80 as of 9:01 AM ET (14:01 GMT) on the Investing.com Index.

Cryptocurrencies overall fell slightly to $133 billion at the time of writing, compared to $135 billion on Wednesday.

fell 1.2% to $145.31. slumped 1.9% to $0.32111 while was at $49.041, down 3.6%.

“The Galaxy S10 is built with defense-grade Samsung Knox, as well as secure storage backed by hardware, which houses your private keys for blockchain-enabled mobile services,” according to the company’s press release.

The South Korean smartphone will be available online and in stores from March 8. Its Knox mobile security is meant to secure data like passwords and private keys to wallets.

The announcement follows HTC’s launch of its Exodus phone in October, capable of supporting multiple blockchains, while Sirin Labs launched Finney, a blockchain smartphone, in December.

In other news, Japan’s banking giant Mizuho Financial Group is to become the latest bank to launch a stablecoin for payments and remittance services on March 1, according to the Asian Review.

The “J-Coin” platform will link existing bank accounts with digital wallets and be managed by a mobile app called J-Coin Pay. The currency will be fixed a price of 1 yen per unit and users will not be required to undergo credit checks. It will also include a more flexible range of payments, such as splitting bills or transferring money to family members.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





READ SOURCE

Leave a Reply

This website uses cookies. By continuing to use this site, you accept our use of cookies.