Day: February 14, 2019

XRP Arrows Up as Ripple Inc Fund Projects Promoting Coin’s Use Cases

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Ripple prices are stagnant along 30 cents Wietse Wind to receive funding from Xpring Transactional volumes likely to pick up as XRP prices recover It’s all about the ecosystem and Ripple—via Xpring, are actively building that. With their funding of Wietse Wind, his project, XRPL Labs will only generate more XRP use cases. In turn, XRP prices will pump and rally from 30 cents. Ripple Price Analysis Fundamentals There are several Ripple-news making headlines that could impact prices from a fundamental point of view. To begin with, Binance collaboration with…

HSBC Reports 25% Savings in Forex Trade Settlement Using Blockchain

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London-based banking giant HSBC has revealed its blockchain-powered platform cut costs for foreign exchange (forex) trade settlement by a quarter, Reuters reported on Feb. 14. According to Mark Williamson — chief operating officer of forex cash trading and risk management at HSBC — the bank processes anywhere between 3,500 and 5,000 trades a day using its proprietary blockchain solution “FX Everywhere.” These trades, worth $350 billion, demonstrate “[w]e’re going at a pace now […] this is not a one-off proof of concept or just one or two trades.” Williamson notably…

Tron’s Adoption Drive Not Paying Dividends? TRX Meltdown

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Tron prices bearish, on a downtrend, retesting main support BitTorrent partner with TronCard via Grid as they drive towards adoption Transaction volumes shrink 50 percent from averages of 16 million to 8 million It’s all about adoption, and as Tron Foundation strike partners, BitTorrent is partnering with TronCard. Users will carefully spend their TRX spurring demand especially if the application is seamless. It is the necessary building blocks needed for TRX to rally from 2.3 cents to 6 cents. Tron Price Analysis Fundamentals For cryptocurrencies and digital assets to make…

Bitcoin’s Social Contract Must Be Resilient to the Whims of Future Generations

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Over the last few years, infighting and different visions has led to significant divides within the Bitcoin community, weakening the network effects no matter which chain you support. With all the arguments about scaling, privacy, consensus changes and the various forks, it is amazing that these public networks are still thriving. Nevertheless, the people who maintain the various software protocols that communicate with Bitcoin and the network’s many participants have lives that are finite — which means we don’t know if future generations will change the social contract Satoshi Nakamoto created…

Bitcoin’s Social Contract Must Be Resilient to the Whims of Future Generations

boss

Over the last few years, infighting and different visions has led to significant divides within the Bitcoin community, weakening the network effects no matter which chain you support. With all the arguments about scaling, privacy, consensus changes and the various forks, it is amazing that these public networks are still thriving. Nevertheless, the people who maintain the various software protocols that communicate with Bitcoin and the network’s many participants have lives that are finite — which means we don’t know if future generations will change the social contract Satoshi Nakamoto created…

Enterprise-Focused Ethereum Standards Consortium EEA to Form ‘Token Task Force’

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The Enterprise Ethereum Alliance (EEA), global blockchain community with over 500 members, will launch a “token task force” in 2019, EEA confirmed to Cointelegraph in correspondence on Feb. 13. The executive director of the EEA, Ron Resnick, said that the task force is still at the design stage and is scheduled to launch in the first half of this year. “We are creating a token task force; we will do that first half of this year,” Resnick stated, adding: “It’s going to be focused on support for fungible ERC-20 and…

Ripple’s Fundraising Arm Xpring Invests in XRP Community Developer’s Lab

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Ripple’s fundraising arm Xpring has invested in XRPL Labs — a startup that develops applications for the XRP ledger, the company announced in a blog post on Feb. 13. Xpring’s director Vanessa Pestritto has announced that Wietse Wind — a long-time XRP community developer and one of the three XRPL Labs co-founders —  is a “proven entrepreneur” who “has successfully grown his companies organically.” According to Pestritto, the company’s decision to invest in the startup was motivated by Wind’s creative approach and ability to engage developers. Pestritto believes that the…

Nasdaq’s Bitcoin and Ethereum Indices Solve a Major Problem for Cryptocurrency Sector

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Nasdaq may have just removed one of the most significant barriers before a potential cryptocurrency adoption. The US stock market exchange on Monday announced two cryptocurrency indexes which provide real-time spot or reference rate for Bitcoin and Ethereum. Dubbed as the Bitcoin Liquid Index (BLX) and Ethereum Liquid Index (ELX), both the indexes extract price data from multiple exchanges to provide onlookers single price point for BTC and ETH. Nasdaq assured that independent auditors had verified their methodology of obtaining and unifying price data to present the best USD-equivalent value…

Nasdaq’s Bitcoin and Ethereum Indices Solve a Major Problem for Cryptocurrency Sector

boss

Nasdaq may have just removed one of the most significant barriers before a potential cryptocurrency adoption. The US stock market exchange on Monday announced two cryptocurrency indexes which provide real-time spot or reference rate for Bitcoin and Ethereum. Dubbed as the Bitcoin Liquid Index (BLX) and Ethereum Liquid Index (ELX), both the indexes extract price data from multiple exchanges to provide onlookers single price point for BTC and ETH. Nasdaq assured that independent auditors had verified their methodology of obtaining and unifying price data to present the best USD-equivalent value…

South Korea’s Largest Telecom Company to Develop Local Crypto: Report

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South Korea’s leading telecommunications company, KT Corporation, has been selected to develop a local cryptocurrency in the South Korean city of Gimpo, local media outlet ZDNet Korea reports on Feb. 14. The crypto — dubbed “K token” — will reportedly be introduced in April, after a pilot project is carried out next month, the report states. The city plans to issue 11 billion won (over $9.7 million) worth of the currency per year, which includes budgets for various social services and development projects. The blockchain-based currency will reportedly only be…