Month: June 2018

Philippine Bank Taps IBM for Japan Blockchain Remittance

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The Rizal Commercial Banking Corporation (RCBC), one of the Philippines’ top 10 banks by assets, has announced an upcoming remittance payments service from Japan using blockchain technology. Speaking to reporters on Thursday, RCBC first senior vice president Manny T. Narcisco revealed that the banking giant is developing the blockchain platform to enable cheaper and faster remittances for overseas Filipino workers (OFWs) in Japan. “For the OFWs in Japan, [this service] will make remittance faster and cheaper as we will collect less fees,” the senior bank official was quoted stating by…

St Louis Fed Now Tracks Crypto Prices on Its Research Database

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The St. Louis division of the U.S. Federal Reserve Bank is now tracking the prices of four cryptocurrencies in its research database. According to an announcement on Tuesday, Federal Reserve Economic Data (FRED), an extensive database maintained by the central bank’s St. Louis branch, is now offering data points for bitcoin, bitcoin cash, ethereum and litecoin. The price data for the well-known and widely cited economic research database is being provided by the U.S. exchange Coinbase and is updated on a daily basis, according to the announcement. Furthermore, the database makes…

Bitcoin Price Rebounds to $6,700, Market Adds $8 Billion in Recovery Bithumb Hack

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Yesterday, on June 20, more than $10 billion was erased from the cryptocurrency market after Bithumb, South Korea’s biggest cryptocurrency exchange was hacked. Today, the cryptocurrency market added $8 billion to its valuation following Bitcoin’s slight gain, recovering from the Bithumb hack within 24 hours. What’s Behind the Recovery? On June 20, major cryptocurrencies including Bitcoin, Ethereum, Ripple, and Bitcoin Cash fell by around 2 percent as the market fell slightly, led by the intensified downward movement of tokens and smaller cryptocurrencies. The minor correction was evidently triggered by the…

Bloomberg Terminal Adds Huobi’s Cryptocurrency Market Index

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Financial data firm Bloomberg is now providing the HB10 crypto market index launched by crypto exchange Huobi on its terminal service. The exchange said on Thursday that users of Bloomberg Terminal are now able to track the aggregated performance of the top-10 cryptocurrencies that are traded on Huobi Pro – now the third largest exchange in the world by trading volume, based on data from CoinMarketCap. Huobi launched HB10 index last month, which uses weighted samples to track a pool of top-10 crypto assets traded on its platform in real-time against…

Reality Shares Launches World’s First China Blockchain ETF

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In an effort to take advantage of China’s innovation in the cryptocurrency sphere, asset management firm Reality Shares launched the first ever blockchain ETF for the country. The company says their goal is to “democratize the world’s best investing ideas.” According to a news release on June 20th, the Reality Shares Nasdaq NexGen Economy China ETF (Nasdaq: BCNA), will focus on Chinese companies committed to “developing, researching, supporting, or utilizing blockchain.” Investors can either speak with a financial advisor about adding the ETF to an account or invest directly on…

Akon Launches Akoin | Another Celebrity Enters the Crypto Market

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Akon launches Akoin: To add to the list of celebrities that have been entering the cryptocurrency market, singer Akon has announced that he has launched his own cryptocurrency called Akoin. Akon Launches Akoin: Cannes Lions 2018 Akon announced his new coin Akoin at the Cannes Lions 2018 ‘Blockchain, Entrepreneurship and Empowering the Future’ panel on Saturday, June 18th. Leading up the event, Akon tweeted about his upcoming stint at on the panel. I’ll be speaking at @Cannes_Lions today on “Blockchain, Entrepreneurship and Empowering the Future…Come check it out at 3:30…

Bitcoin Cash Price Watch | BCH/USD Back On Bullish Run

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Bitcoin Cash Price Watch: Bitcoin Cash (BCH) returns to bull run. Key Highlights: Bitcoin Cash price bounced back from its decline this past weekend, now looking to break $900 once again. BCH/USD is back on a bullish run after establishing support at around $860. The $910 price level is considered a major resistance point. Bitcoin Cash Price Watch: BCH/USD Looking To Overtake $900 On Wednesday, Bitcoin Cash price continued to recover from its decline this past weekend, reaching a high of $909 before pulling back below $900. BCH/USD is now…

Brazil’s Central Bank Unveils Blockchain Data Exchange for Regulators

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Brazil’s central bank has unveiled details of a newly-developed blockchain platform that will be used to facilitate information exchange between the country’s financial regulators. Dubbed ‘Pier’, the blockchain was developed by the Banco Central do Brasil (BCB)’s own IT department and will be used to share data securely between the central bank and other domestic regulators, the BSB said in an announcement. Specifically, Pier will allow for data exchange between the BCB, the Securities and Exchange Commission of Brazil, the Superintendence of Private Insurance and the National Pension Funds Authority.…

Exchange Leftover Euros for Cryptocurrency at the Schipol Airport!

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We all know it can be a pain to exchange foreign currency, but Amsterdam’s Schipol Airport is trying to help people avoid that hassle. Travellers going through Schipol Airport will now be able to exchange any leftover euros for cryptocurrency! Specifically, people will be able to trade euros for Bitcoin (BTC) or Ethereum (ETH) at one of the several Bitcoin ATMs that have been set up at Schipol’s Arrival Hall 2 and its Departure Halls 1 and 2. According to the official press release reported on Wednesday, the ATMs are currently on…

Bitcoin Price Watch | BTC On Bullish Run, Testing Resistance At $6,800

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Bitcoin price watch: Bitcoin continued its bullish run on Wednesday morning, moving firmly past the $6,700 level and testing a major resistance at $6,800. Bitcoin has been on an upward trajectory recently, having recovered by more than 5% since the beginning of last week. Yesterday, the cryptocurrency received a further boost as Goldman Sachs CEO Lloyd Blankfein commented on the future of Bitcoin with an optimistic tone. During a talk at The Economic Club of New York, Blankfein, who has been relatively more upbeat about Bitcoin than some of his…