IBM is preparing for banks and other financial institutions to join the blockchain technology. Rather than using many intermediaries for international payments the new system launched by IBM aims to create a more efficient system than SWIF and that is possible using cryptocurrencies or stable coins. Ripple is in the race to build a similar product but seems that IBM and Stellar are a step ahead.
IBM Blockchain World Wire will enable banks and financial institutions to serve better and faster their clients by using the Stellar blockchain.
Utilizing the World Wire payment network on the Stellar Blockchain, World Wire … Read the rest “IBM Payment Network That Uses the Stellar Public Blockchain Preparing To Be Used By Banks”
The crypto market has been suffering a long bear market after December 2017 when bitcoin hit the ATH upon the CME and CBOE launch. The bearish market started after the launch of the futures which suppressed the price constantly in 2018 but seems that this price bearish action intensity slowed down in the Q1 of 2019.
Despite the bear market, the cryptocurrency has been suffering after hitting the $20 mark, crypto adoption has been growing steadily. Seems that bitcoin grabbed everybody’s attention because we see a massive interest from the Technology and the Financial sector in cryptocurrencies. Looking a the recent sentiment in … Read the rest “Alt Season is here! But Bitcoin Dominance Still Above 50 Percent”
Bitcoin Testing $4,000
Bitcoin is changing hands above $4,000 and it is driving the overall cryptomarket to the upside causing a surge in prices of almost all the Altcoins as usual. This level is viewed as an important resistance level for bitcoin price.
In the course of the last 3 months, Bitcoin has hit the lowest level at $3,217 as indicated by the CoinMarketCap below.
Now all the eyes are on the $4,000 mark. Considered an important resistance level a breakout of this level would add momentum to the price action adding to the fundamentals that are in … Read the rest “Bitcoin Crosses $4,000, Litecoin Crosses $61 and Western Union Testing Ripple”
During the past week, US investigators arrested the 4 Billion Dollar crypto pyramid scheme “OneCoin”, an investigator hired by the Canadian crypto exchange QuadrigaCX found that the cold storage wallets had been emptied since April 2018 leaving a mystery about the $150 million users money where might have gone!
Only weeks after JPM announced its own stablecoin, and Facebook announced the launch of FaceCoin, the Financial Times reported Saturday that the world’s greatest blockchain-centered ETF will start exchanging at the London Stock Exchange on Monday.
The fund will concentrate on organizations with operating in emerging technology. The fund … Read the rest “Invesco Will Launch a Blockchain ETF On London Stock Exchange”
In January 2019, in the Stanford class, Susan Athey, a professor of economics at the Ripple Board of Directors and a well-known professor at the Stanford University School of Business, gave a guest lecture entitled “Blockchain and the Future of Finance.”
Among the hundreds of students who listened carefully, there was an ordinary, seemingly inconspicuous student. He frowned and became more and more disappointed.
This is the story’s founder, Conner Brown. The story is simple but profound: Professor Susan Athey is wrong!
In Brown’s opinion, Professor Athey’s speech contained a number of misstatements about the basics of Bitcoin, with some … Read the rest “Stanford Professor Reported for Shilling Ripple “XRP is a better alternative to Bitcoin” She said”
According to reports, Facebook, Telegram and Signal are planning to build digital currency for their platform. But the central nature of these platforms means that, unlike Bitcoin, these coins are not designed to be resistant to censorship or decentralized and secure.
Image source: Forbes
Social media giants such as Facebook are now joining the trend of cryptocurrencies, and are planning to introduce a cryptocurrency to billions of users. According to technology reporters Nathaniel Popper and Mike Isaac on NyTimes,
… Read the rest “Facebook’s “FaceCoin” Will be more Similar to JPM coin than Bitcoin”
“The internet outfits, including Facebook, Telegram and Signal, are planning to roll out new cryptocurrencies over the next year that