$250M Tether Injection Positive Sign for Bitcoin Market
Tether Limited today introduced a new batch of Tether (USDT) worth USD 250 million into circulation, according to blockchain data, bringing the total USDT market cap up to USD 2.7 billion. Past research shows that there is a positive correlation between large quantities of USDT being issued and increases in Bitcoin’s price, so this could be […]
Jack Ma Challenges Banks with New Blockchain Cross-Border Payments
The South China Morning Post reports that Alibaba Group’s Ant Financial will use blockchain technology to lower the cost of overseas payments after failing a bid to buy over MoneyGram. Alibaba Group Holding Limited, the Chinese multinational e-commerce, retail, internet, AI, and technology conglomerate, says the move will benefit the Filipino expatriate population of Hong […]
Commerzbank AG: Why Use One Blockchain Platform When You Can Use Five?
Commerzbank AG, one of Germany’s largest financial institutions, is using blockchain for five different protocols in order to utilize the technology’s interconnectivity. Over the past few years, Commerzbank has joined five consortia, culminating in the announcement of its latest project with the Enterprise Ethereum Alliance (EEA) this week. Prior to Commerzbank’s latest move, the bank […]
UK Companies’ Crypto Security Improving but Government Needs to Do More
CryptoUK, a self-regulatory trade association for the UK cryptocurrency industry, has said that UK companies are improving at security to protect customers from cryptocurrency hacks, but that the government must be more decisive in creating sensible regulations. This view was expressed by Iqbal Gandham, chairman of CryptoUK, as reported by New Zealand news portal Stuff. […]
ArtChain Predicts End to Forgery with Blockchain Solution
Art platform ArtChain Global has been launched to offer safe trading for art collectors, seller and buyers using blockchain technology to prove provenance, writes The Financial Review. The Australian-based company founded by the former managing director of Citibank’s global funds business in Europe, Kay Sprague, and director of property development firm Pan Australia Investment, Cameron […]
New Colombia President Combats Corruption with Blockchain
The new president of Colombia, Ivan Duque, has announced that he is committed to using blockchain in the Latin American country in order to create more political transparency, writes Ethereum World News. Corruption was a key issue of the recent presidential election campaign and Duque has targeted this as his number one task, promising to […]
Ethereum Co-Founder: Tens of Trillions of Dollars Will Enter Crypto Markets
Ethereum co-founder Charles Hoskinson believes that tens of trillions of USD will be entering the cryptocurrency markets eventually. He says the media is repeating a cycle of negative news on Bitcoin and cryptocurrency, but does not take into account that Wall Street and institutional investors are waiting on the sidelines for proper regulation to be put […]
Customers Accuse Coinbase of Negligence in over 100 Pages of Complaints to SEC
Although Coinbase is considered one of the most reputable exchanges to trade Bitcoin, Litecoin, and Ethereum in the United States, there have been numerous problems, according to 134 pages of customer complaints filed with the Securities and Exchange Commission (SEC) and the California Department of Business Oversight. One customer reported sending USD 17,000 to a Coinbase […]
Global Mining Boom as Transaction Confirmations Continue to Soar
According to Blockchain.info analytics figures, cryptocurrency mining comprises 114 nations globally which offered the market a profitability of USD 4.1 billion by the end of 2017. Add to that, profits acquired from the sale of mining machines, which is approximated to reach some USD 3 to 4 billion, and mining appears to have all the makings of […]
Bank of England Set to Overhaul Resettlement System With DLT
The Bank of England (BoE) is rebuilding its Real Time Gross Settlement (RTGS) system to work with DLT, writes Cointelegraph. BoE governor Mark Carney’s announcement was made during a speech at the Mansion House on 21 June, commenting that private business and platforms need to be able to work with the bank’s own RTGS system. RTGS […]
