AtoZ Crypto weekly overview: Jaguar gives cryptos

4 May, 2019 | AtoZ Markets – Car manufacturer Jaguar gives cryptos to drivers, while Canada releases a new band on digital assets’ regulations. Craig Wright sues Roger Ver over libel claim and ESMA once again renews its restriction on CFDs.

These are the most prominent headlines the week has witnessed so far, welcome to another AtoZ Crypto market news tour.

Jaguar exchanges IOTA cryptos with driving data

We start by Jaguar, where the latter was said to have begun testing software that will give IOTA [MIOTA] crypto rewards to Jaguar cars’ drivers in exchange of their driving data.

The IOTA crypto rewards can be used to pay for travel, parking and charging electric vehicles. According to the press, the partnership will contribute to achieving the goal of “zero emissions, zero accidents, and congestion.”

IOTA is an open-source distributed ledger company with headquarters based in Berlin, Germany, and offers a transaction settlement and data transfer service based on a new distributed ledger technology.

NASDAQ adds Ripple’s XRP and Tesla to raise $2.3 billion

The second largest stock exchange, NASDAQ recently announced listing the Ripple’s XRP cryptocurrency in its index.

The step was made in partnership with Brave New Coin (BNC) – a renowned New Zealand blockchain data and research company that partnered with the exchange in February 2018.

The Ripple’s XRP cryptocurrency is the third largest digital asset in the coin market, and today has been branded as XRP Liquid Index (XRPLX), which will offer real-time data on XRP on Nasdaq’s global data platform.

On the other hand, Tesla announced of its intention to raise as much as $2.3 billion through bond and stock sale after the electric-car maker reported a steep quarterly loss last week that heightened concerns about its dwindling reserves of cash.

ESMA renews its restriction on CFDs

The European Securities Markets Authority (ESMA) once again extended its ban on promoting and marketing CFDs across the European Union, which started from May 1st.

The EU financial watchdog urged in its announcement as well the national regulators of the EU member countries to adopt permanent measures for protecting investors.

The restrictions ESMA imposed were on the European Forex or CFD market, including reduction of the maximum leverage to 1:30, which will be valid for the next 3 months.

The ban initially started in last August, and followed by extensions based on a three-month intervals following each other up until the present time, amid expectations of renewing the ban by the end of the newly-extended three-month period.

Canada releases new cryptocurrency mining regulations

The Quebec province financial regulator in Canada, Régie de l’énergie, issued a new band of regulations pertinent to cryptocurrency miners, as the Canadian electricity provider Hydro-Quebec announced on April 29.

Hydro-Quebec, the local power producer, and in response to the regulator’s request, will allocate 300 megawatts (MW) to the blockchain industry, explaining in the announcement it made that the “300 MW will be in addition to the 158 MW already granted to existing customers approved by Hydro-Quebec, and to the 210 MW granted to existing customers approved by municipal distributors,”

The new regulations’ band, as per Hydro-Quebec, give the organisation the ability to protect the low rates it offers to the customer.

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