On February 26, Substratum moved another 1,200 ETH to Kraken–most likely to liquidate into USD to cover operating expenses. ETH was worth ~$133 on the day of the transfer, which means Substratum’s 1,200 ETH liquidation was worth ~$159,600. Substratum made a similar transfer of 2,500 ETH (~287,000) earlier this year on January 25, 2019. My guess is Substratum liquidated 2,500 ETH in January in order to cover operating expenses for January and February, while the most recent 1,200 ETH liquidation will be used for expenses in March. These recent liquidations support the hypothesis that Substratum’s burn rate is ~$150,000, a figure which I first wrote about in August of last year after observing liquidation patterns in April and May.
Jeremy Wall, writing for Invest in Blockchain:
The latest development to come out of the crypto-friendly nation is from the East Japan Railway Company (JR East) who will soon enable Japanese commuters and tourists alike to pay for their journeys with a variety of cryptocurrencies and stablecoins.
If you’ve visited Japan, chances are you’ve found yourself on a train operated by one of the companies in the Japan Railways Group (JR Group). JR East is the largest company in the JR Group, and currently operates a number of regional and high-speed Shinkansen lines that together boast a ridership of over 6 billion passengers per year. In other words, JR East is a pretty big deal.