Tron’s price has been subject to volatile swings due to a constant stream of bullish announcements from the Tron team. Additionally, the recent positive developments surrounding the platform have propelled the coin’s price to new heights and more gains are expected to follow in the coming weeks. Just recently, Tron was made accessible to more than 2.2 million businesses and users as a payment method through the CoinPayments platform. Justin Sun made this announcement a few hours ago via Twitter. CoinPayments through their blog, stated that TRX is widely accepted in…
Day: August 24, 2018
World Bank Endorses The Digital Ledger Technology By Launching Its First-Ever Blockchain Bond
The World Bank has launched the first-ever blockchain bond. In a press release, the Bank announced that it had hired the Commonwealth Bank of Australia (CBA) to manage the bond. The statement detailed that the new debt instrument will be “created, allocated, transferred and managed through its life cycle using distributed ledger technology.” According to the details of the press release, the deal is worth A$100 million. The exercise is designed to test how the distributed ledger technology might be leveraged to improve the currently antiquated bond sales process. Per…
Crypto Exchange Coinbase Lists ‘Core Principles’ for Institutional Services
Coinbase has unveiled a set of guiding principles designed to facilitate the adoption and growth of its new range of products and services aimed at institutional investors. In a blogpost signed by Coinbase Vice President and General Manager Adam White, the company stated that these ‘North Star’ principles will create a framework for the market participant experience on Coinbase to ensure fairness, security, transparency, access to all participants, high-quality infrastructure and processes, protection from malicious activity and provision of all necessary information. Instituting Fairness, Security and Transparency According to White,…
The Canadian Government Seeks More Transparency In Its Operations As It Adopts An Ethereum Based Explorer
The government of Canada is not done yet with blockchain technology. Apart from providing an enabling environment for blockchain to thrive, the government is keen to incorporate it in its operations. According to reports, the National Research Council (NRC) announced that it has built an Ethereum-based explorer. The NRC is a government body that is tasked with managing research programs funded by the Canadian government. Dubbed the Industrial Research Assistance Program (IRAP), the initiative is the central player in this drive. The program will play host to the Ethereum blockchain…
Singapore Central Bank Partners With Deloitte, Nasdaq on Blockchain Asset Settlement
The de facto central bank of Singapore announced it had signed a deal with multiple big name entities to ease digital asset settlements in a press release Friday, August 24. Part of its ongoing Project Ubin blockchain integration scheme, the Monetary Authority of Singapore (MAS) partnered with Singapore Exchange (SGX), along with Anquan, Deloitte and Nasdaq to deliver the enhancements. Together, the parties will create “Delivery versus Payment (DvP)… capabilities for settlement of tokenized assets across different blockchain platforms,” with the latter three acting as technical partners. “This initiative will…
WinMiner Wants You To Make Money Mining Crypto
While most crypto enthusiasts make money through crypto trading, WinMiner wants people to be able to earn through mining, too. In an interview with CryptoGlobe, the WinMiner team stated that they are interested in opening up “the complicated world of cryptocurrency mining to the masses.” Through their platform, the firm hopes to address the increasing centralization of crypto mining. According to comments made during the interview, the company wants to make sure the dream of blockchain remains on course. They say that they want to “prevent the once-idealistic world of…
Crypto Market Rises to $210 Billion, Tokens Like ICON See Large Gains
The Bitcoin price has increased to $6,550 over the past 24 hours, as the crypto market recorded a solid recovery. Tokens like ICON demonstrated 10 to 30 percent gains. Theta Token, Gas, CyberMiles, Nano, Lisk, PIVX, and ICON are the best performers of August 24, with Theta Token recording a massive 44 percent increase in value against both the US dollar and Bitcoin. Corrective Rally and Stability Almost immediately after the US Securities and Exchange Commission (SEC) disapproved eight Bitcoin exchange-traded funds (ETFs) on August 23, the Bitcoin price decreased…
Bitcoin’s Price Builds Bottom As Upward Pressure Grows
The probability of a bullish move in bitcoin (BTC) has gone up in the last 24 hours. To start with, the leading cryptocurrency has remained well above the key support of $6,230 (Aug. 20 low) despite the ETF rejection, adding credence to our assessment that the cryptomarkets had already priced in the bad news. Further, the decision by the US Securities and Exchange Commission (SEC) to review the rejection of the nine bitcoin-based exchange-traded funds (ETF) could demoralize the bears and trigger an unwinding of the short positions. It is worth…
US SEC Reviews Rejection of Bitcoin ETF
The Bitcoin ETFs rejections in review There will be a review of the nine Bitcoin ETF exchange-traded funds rejections by the U.S. Securities and Exchange Commission (SEC) as reported on August 23. On Wednesday, there was a decision from the SEC to disapprove the three Bitcoin ETFs because there was no compliance with “Exchange Act Section 6(b)(5), in particular, the requirement that a national securities exchange’s rules be designed to prevent fraudulent and manipulative acts and practices.” After a few hours, the SEC decided to release information that they will…
Canada’s Biggest Crypto Exchange Moves to Europe, With Ripple-to-Fiat Support
Coinsquare, a little-known Canadian crypto exchange, is entering the European market to help businesses in the flowering industry with fiat pairs, including Ripple-to-fiat. Europe Meets Coinsquare To be frank, the cryptocurrency market hasn’t had the best start to 2018, with the collective value of all crypto assets declining by a staggering 75%. However, this downtrend has not perturbed Coinsquare, one of Canada’s most popular exchanges, as the startup still intends to move forward with its plan to expand into new regions. On Thursday, Coinsquare issued a press release, which revealed that…