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Can Facebook’s Latest Project Re-Invigorate the Crypto Space?

Can Facebook's Latest Project Re-Invigorate the Crypto Space_

With Facebook about to enter the cryptocurrency arena, the industry is awash with opinions about how exactly the arrival of the much-discussed coin will impact on all aspects of the digital currency market, and whether these impacts will be negative, positive or a mixture of both. Facebook’s original vision, created by a small group of enthusiastic students, was pretty profound. …


Research: Banks Holding Back on DLT Due to Collective Bitcoin Distrust Psyche

Research_ Banks Holding Back on DLT Due to Collective Bitcoin Distrust Psyche

Retail banking continues to tread with caution before adopting blockchain, and it is Bitcoin’s 2017 rise and fall scenario which drives the distrust according to a recent report. The potential of blockchain is being missed according to an earlier report which claims that Bitcoin lost its credibility with banks after its rise and fall in 2017. The possibility of using …


Europe’s First e-Money on Blockchain Will Be Icelandic Currency

Europe's First e-Money on Blockchain Will Be Icelandic Currency (1)

Europe will see the first compliant e-money transfers on blockchain as Icelandic firm Monerium has been approved by the Financial Supervisory Authority of Iceland (FME) as the first electronic money institution. The announcement, which became formal yesterday, means that the firm can now provide fiat payment services on blockchain throughout the European Economic Area (EEA). E-money is a regulatory framework …


Potential Facebook Stakeholders Line Up for Libra Amid Industry Concerns

Potential Facebook Stakeholders Line Up for Libra Amid Industry Concerns (1)

Despite Facebook declaring it has backing from over a dozen firms for the project “Libra,” reports suggest that the media giant is far from ready due to software unpreparedness, with one source suggesting early 2020 as the likely date for testing. Detractors claim that Facebook’s attempt to launch its own cryptocurrency is purely a way of creating its own super …


Rhode Island Issues Blockchain Government Proposal

Rhode Island Issues Blockchain Government Proposal

Forbes business journalist Andrea Tinianow has reported that the State of Rhode Island has now issued a proposal to implement blockchain technology in its state governance. According to her, the State of Rhode Island issued a Request for Proposals (RFP) on 31 May, asking for a proof of concept of blockchain implementation “to be more efficient, transparent, accurate, secure and business friendly” According …


UK Insurer Legal & General Picks Amazon for Blockchain Pensions

UK Insurer Legal & General Picks Amazon for Blockchain Pensions

Reuters reports that UK insurance firm Legal & General has settled on Amazon as its client to work on what it says will be the first corporate pension blockchain system. Amazon Web Services (AWS) will launch a managed blockchain system by Legal & General to manage bulk annuities. This involves the insurer assuming the control of the defined benefit or …


Coinbase Adds 6 More Countries to Debit Card Scheme

Coinbase Adds 6 More Countries to its Debit Card Scheme

Coinbase is extending its crypto debit card empire from the UK to six more European countries as of today. The new cards for Coinbase account holders will now be available from 12 June for users in France, Germany, Italy, Ireland, Spain, and the Netherlands. The Coinbase card is to simplify payments for all products to put the crypto on a par …


Retail Giant Target Hits Bullseye with New Blockchain Initiative

Retail Giant Target Hits Bullseye with New Blockchain Initiative

Minnesota-based retail giant Target has now locked into a blockchain project earlier used by one of its suppliers as it shows a greater willingness to come on board with the new technology. This now means that the international retailer, which remains the 8th largest in the US operating 1,851 stores across the country with 300,000 team members around the world, has officially …


Ripple Opens Brazil Office

Blockchain and cryptocurrency project Ripple has established itself in Latin America with the opening of its new office in Brazil, as reported by Cointelegraph Brazil today. The official announcement will actually be made tomorrow at a big fintech and banking event in the capital, CIAB Febraban. The former CEO of Brazil subsidiary of The Warranty Group, Luiz Antonio Sacco, has been named …


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