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Paxtradings Crypto Minute: February 24, 2018

PAX Trading > Crypto Minute > Paxtradings Crypto Minute: February 24, 2018

Tezos Finally Able to Move Forward with Platform Development and Token Distribution

A month-long battle for control of USD 232 million raised in Tezos’s ICO has ended after the head of the nonprofit foundation, Johann Gevers, announced he would step down. According to the Wall Street Journal, this resignation finally allows Arthur and Kathleen Breitman, the husband-and-wife team who founded Tezos, to develop the Tezos project and distribute tokens to investors. The Tezos Foundation announced Ryan Jespersen will replace Johann Gevers.

Ledger Developing Native Apps for MacOS, Windows, Linux, Android, and iOS

Ledger, the French cryptocurrency hardware startup, announced it is developing native apps for all desktop and mobile platforms. According to TechCrunch.com, Ledger will first release desktop apps for macOS, Windows, and Linux — which will be native and independent from Chrome. The desktop apps will work with 23 cryptocurrencies in its day one release. After that, Ledger will focus on developing Android and iOS apps and increasing exchange functionality on the Ledger Nano S, including support for over 100 cryptocurrencies.

Robinhood Launches Zero-Fee Cryptocurrency Trading in U.S. Five States

Robinhood has rolled out limited access to its zero-fee cryptocurrency trading platform. According to Engadget.com, the new platform only support trading of Bitcoin and Ethereum and is only available to five states — California, Massachusetts, Missouri, Montana and New Hampshire — although there are plans to expand into other U.S. states. Residents of other states may still use Robinhood to monitor trading among the two currencies.

Turkey Considering Development of its Own Cryptocurrency, Turkcoin

Ahmet Kenan Tanrikulu, the deputy chair of Turkey’s Nationalist Movement Party, has drafted a proposal for a state-sponsored cryptocurrency called “Turkcoin.” According to CoinDesk, Tanrikulu claims that Turkcoin would tokenize asset-backed securities for the issuance, which would “yield lower risks than existing cryptocurrencies,” he claims. The proposed assets behind Turkcoin would include large public companies in the country’s wealth fund — such as Turkish Airlines, the Istanbul Stock Exchange, and Turk Telekom.


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