Cryptocurrency Analysis and News Portal
American multinational investment bank and financial services company, Bank of America, has silently tested Ripple’s blockchain to incorporate distributed ledger technology (DLT) in its banking and other financial services.This might be the boldest step towards blockchain adoption as Bank of America is one of the largest and most distinguished banks
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When you read a Bitcoin maxi website which reads ‘move over Bitcoin, XRP is the new king’ you know XRP has made some serious waves during October. October has been a positive month for Ripple and XRP, Brad Garlinghouse interviews, changes to OTC sales and breaking new records on the XRPL. The
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American entrepreneur and staunch crypto advocate, John McAfee, has argued for the importance of stablecoins for decentralized exchange (DEX) adoption.McAfee made his argument in a tweet posted on Oct. 20.Stablecoins as an interim solutionMcAfee’s video begins by tackling the main obstacle to crypto-fiat currency conversions that use of a
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Chinese cryptocurrency hardware manufacturer Bitmain has opened what it claims is the “world’s largest” facility for Bitcoin (BTC) mining in Rockdale, Texas. In a news release published on Oct. 21, Bitmain revealed the project had been completed together with the Rockdale Municipal Development District and Canadian technology firm DMG Blockchain Solutions.Pledges
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Members of the Zcash (ZEC) community have discovered a suspicious and potentially malicious counterfeit version of Zcash Foundation’s native ZecWallet.According to a Twitter post published on Oct. 20 and retweeted by Zcash developer Electric Coin Company, the fake ZecWallet likely contains malware. The tweet reads:“PSA to all Zcash users!
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The cryptocurrency- and blockchain-friendly country of Japan has seen a number of significant developments for the industries this past week. A self-regulatory organization has introduced guidance for cryptocurrency custodians, while a subsidiary of major financial services firm SBI Holdings will conduct compliance policies using blockchain technology. Here is the past
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Sunday, Oct. 20 — Crypto markets are slowly turning green, with Bitcoin (BTC) showing signs of recovery as it finds its way back above the $8,200 price mark.Cryptocurrency market daily overview. Source: Coin360Bitcoin has been trading below the $8,000 price mark for the better part of the day but is
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Malayan Banking Bhd (Maybank) has signed a memorandum of understanding (MoU) with the National Bank of Cambodia (NBC) on cross-border payments and remittances.On Oct. 16, Malaysian business news outlet The Edge Markets reported that the largest bank in Malaysia, Maybank, will work together with the National Bank of Cambodia
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Facebook is reportedly open to the idea of using national currency-pegged stablecoins for its forthcoming Libra project.According to Reuters on Oct. 20, David Marcus, the head of the Libra project for Facebook and CEO of Facebook’s wallet service Calibra, said that Libra could use various fiat-based stablecoins, instead of
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Samsung SDS, the IT subsidiary of global tech giant Samsung, has announced a joint initiative to launch a new blockchain-based traceability product.To develop the new project, Samsung SDS partnered with American software firm Pega and Tech Mahindra, a subsidiary of major Indian multinational conglomerate holding company Mahindra Group, according
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