JP Morgan Chase plans to introduce a cryptographic currency “JPM Coin” similar to the stable currency for real-time transaction settlement between business customers for wholesale payments (inter-bank payments or inter-country payments). Tom Shaughnessy, head of cryptocurrency research firm Delphi Digital, said JPM Coin for cross-border payments directly threatened Ripple and its digital currency XRP. XRP is also used to promote faster, lower-cost international payments, and is the third-largest cryptocurrency market with a total market capitalization of approximately $12.6 billion.
JP Morgan Chase, the largest financial services institution in the United States, will launch the cryptocurrency “JPM Coin” for real-time transaction settlement between business customers for wholesale payments (inter-bank payments or inter-country payments). JPM Coin is conceptually similar to the so-called mortgage stabilization currency, which is 1:1 exchanged with the US dollar.
Globally, JPMorgan Chase has transferred more than $6 trillion in funds to businesses in the wholesale payment business every day. The trial will begin in the coming months, and a small number of trials will use the digital token JPM Coin created by JPMorgan engineers to enable instant … Read the rest
Recently, Canadian cryptocurrency QuadrigaCX said that due to the sudden death of its CEO Gerald Cotten during his trip to India, it was unable to repay at least $250 million to customers, because Cotten was the only person to hold the private keys.
Born in Canada in 1989, Gerald Cotten studied computer and network technology since he was a child. In 2010, he received an undergraduate degree in business administration from the Sukrik School of Business at York University in Toronto, but he did not choose to go to tradition after graduating from business school.
Because, since he first went … Read the rest
Yesterday everybody was surprised by the big move in bitcoin price. On Friday, the Bitcoin price really exploded, with BTC moving near the $3,800 without precedent in a long time. As usually, altcoins followed, with Litecoin (LTC) registering gains above the 30 %, as other important coins registered around 8% gains on average.
This aggressive move, which was not seen in a while in crypto markets, drove the overall crypto market Cap to $121 billion adding more approximately $10 billion to the overall crypto market Cap in one day.
What caused the boom in Bitcoin price?
Some have contended this … Read the rest
Although the current market environment is in such a situation, Mark Jeffrey, author of the book “Bitcoin Explained Simply” published in 2013, is still optimistic about the future of Bitcoin. He compares the current stage to a dynamic Internet boom and bust cycle, predicting that Bitcoin will reach $250,000 in the future.
The Cryptocurrency war
We may now be experiencing a cryptocurrency winter, and everyone is warming up, but Mark Jeffery thinks this is not surprising. The early Bitcoin pioneer said on the “The Next Billion Seconds” podcast:
… Read the rest
“I think this is very much like the dot com boom and
Vitecoin prepares for the launch after a successful private Beta in Mauritius
Vitecoin (VT) prepares for the launch after a successful private Beta in Mauritius, with more than 1000 early adopters. The successful figure of a thousand people was part of the acid test for Vite. Moving safely and affordable is a constant need among citizens, but public transport is fundamentally slow and inefficient and can no longer keep up with demand. The centralization of industrial jobs together with the limited space in cities requires rapid and scalable transportation services. Cities have ostensibly grown more than services and staff.
Therefore, … Read the rest