Day: October 4, 2018

Japanese Financial Giant SBI and Ripple Launch Blockchain Payment App in Japan

boss

Ripple-powered payments app MoneyTap has now gone live, according to an official tweet October 3. The consumer-focused service was co-developed by Ripple and Japanese financial services giant SBI Holdings. According to the product’s website, MoneyTap will use Ripple’s blockchain solution xCurrent to enable domestic bank-to-bank transfers in “real time.” Account holders at three participating Japanese banks – SBI Sumishin Net Bank, Suruga Bank and Resona Bank – can send funds using the mobile app, which is compatible with both iOS and Android devices. After registration, users will reportedly need just…

Kzen Networks raises $4 million for a secure cryptocurrency wallet

boss

Kzen Networks, an Israeli startup company, has just secured funding worth $4 million to develop a new cryptocurrency wallet. This is surprising considering that the number of cryptocurrency wallets in the market is already huge. Moreover, the rate at which similar products are being launched into the market is also massive. Nevertheless, the company hopes to take a huge chunk of this market with its product differentiation strategy. In that regard, the company plans to launch a product that is unique and appealing to both current and future consumers of…

Bitcoin Price Must Clear $6,800 for Range Breakout

boss

With bitcoin (BTC) stuck in a narrow trading range for the 13th day in a row, the bulls need to force a move above $6,800 to confirm a breakout, according to the technical charts. BTC has been restricted to a narrow range of $6,800 to $6,500 since Sept. 22 and this lack of clear directional bias has pushed the volatility reading to a 21-month low. The daily volatility as represented by the Bollinger bandwidth – a technical analysis tool derived by dividing the gap between the Bollinger bands by price’s…

Singapore’s Biggest Shipper Partners IBM in Developing Blockchain for Crucial Trade Paperwork

boss

Tech giant IBM is partnering with one of Singapore’s biggest shipper, Pacific International Lines (PIL), in digitalizing one of the most important documents in shipping – Bill of Lading. The two firms will collaborate in designing and creating an electronic Bill of Lading (e-BL) which will exist on a blockchain. In international trade, the Bill of Lading not only serves as evidence of ownership of goods, receipt of shipment and contract of carriage but is also relied upon by banks and other financial institutions in the provision of trade financing.…

Namibia investigating use of Blockchain for money remittance, investments and cross-border trading

boss

The Global Ambassador of the Mile Unity Foundation, participated in a meeting with Hage Geingob, the president of Namibia, Minister of Investments and the Head of Presidents’ Administration. A fruitful discussion, about the ways MILE blockchain technology can be implemented in real economy. The central discussion on September 27, 2018 in New York City was strongly focused on Namibia’s development, invigorating traditions and financial institutions in the country and looking at potential for investment in Namibia’s energy and agriculture sectors. George Goognin has received a personal invitation from President’s Administration to visit…

Multicoin Leads $10 Million SAFT Sale for Ethereum Scaling Startup Skale

boss

Blockchain startup Skale Labs raised nearly $10 million in an effort to develop a blockchain scalability infrastructure for ethereum, the company announced Thursday. The startup says in a press statement that it raised $8.86 million in a Simple Agreement for Future Tokens (SAFT) sale led by Multicoin Capital, on top of $785,000 raised earlier this year. Galaxy Digital, Aspect Ventures, Blockchange Ventures, Boost.VC, Canaan Venture Partners, Floodgate Fund, Hack.VC, Neo Global Capital and Signia Venture Partners also participated in the sale. The company intends to launch an open-source permissionless blockchain…

EOS price moving within a triangle, could there be an upsurge?

boss

EOS price added 2.34% in the last 24 hours to trade at $5.67. Currently, the digital currency is changing hands around $5.65, after seeing a 10% increase in the last one week. As such, with all indications pointing to the same direction, we suspect there might be an upsurge in the near future. Price Analysis The bulls are attempting to hold the coin’s price above the 50-day SMA, which shows buying at lower levels. A break of this support may sink it to the next support at $5. The flat…

Israel’s Securities Regulator Upgrades Cybersecurity with Blockchain

boss

The Israel Securities Authority (ISA) has quietly integrated blockchain technology within its internal systems to securely deliver messages and information to regulated entities under its purview. The ISA, Israel’s national securities regulator, is carrying out the implementation after already embedding a platform dubbed “Yael”, used by the government agency to communicate and relay information to supervised institutions, The Times of Israel reported. The blockchain pivot will add another layer to ensure the credibility of data relayed to supervised entities, the ISA explained. The blockchain will notably verify the authenticity of…

Bitcoin Price Watch: Close Above $6,600 Could Lift Market Sentiment

boss

Key Points Bitcoin price found support near $6,400 and bounced back against the US Dollar. Yesterday’s highlighted key bearish trend line is acting as a hurdle near $6,580-6,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair needs to surpass the trend line and the $6,600 resistance to extend gains in the near term. Bitcoin price bounced back from the $6,400 support against the US Dollar. BTC/USD buyers need to gain strength above $6,600 for further upsides. Bitcoin Price Analysis Yesterday, we saw a bearish…

Mt. Gox Users, Mizuho Bank Seek Delay in Lawsuit to Await Compensation Outcome

boss

U.S. investors and Japan’s Mizuho Bank have jointly asked a federal court in California to stay a case in which the financial institution is being sued for creating transaction difficulties for users around the time of Mt Gox’s collapse. According to Reuters, lawyers for the plaintiffs led by Joseph Lack and the defendant are asking for a stay in the case until February 28, 2019. This is to allow both the plaintiffs and the defendant added time within which to get a clearer picture over whether they are going to…