Day: April 10, 2019

Ripple (XRP) Partner Secures a Digital Remittance License, Price Bounce off 34 Cents

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Ripple (XRP) prices back to green, stable above 34 cents MoneyMatch, a Ripple partner, based in Malaysia now has a remittance license Malaysia’s MoneyMatch is about to graduate from the country’s regulator sandbox and now have a digital remittance license. As a Ripple partner, this is bullish. Building and partnership will eventually form the base and jolting Ripple (XRP) from current stagnation to above 40 cents. Ripple Price Analysis Fundamentals Ripple Inc has acres of space to cover before it effectively competes with SWIFT. And that is not to say…

South Korea State Defense Arm DAPA to Build Blockchain Platform for Military Acquisition

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South Korea’s Defense Acquisition Program Administration (DAPA) plans to improve the reliability of data in the arms industry by using blockchain, the agency announced in a press release on April 10. The state arms procurement agency says it is seeking to use a blockchain platform to enable the secure sharing of data about military acquisition projects between relevant governmental organizations and to eliminate data forgery. According to the press release, the new initiative will involve such organizations as the Agency for Defense Development and the Defense Agency for Technology and…

Tron to Let Swarm Issue TRX-Based Security Tokens After Promising Tron-Ethereum Collaboration Later in 2019

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Tron announces that the Swarm startup will soon enable its customers to issue Tron-based security tokens Tron seems to be expanding at a fast pace. Last year this was mainly getting various exchanges to list TRX. Now the expansion is mainly about partnerships with other companies and attracting dapps makers from other blockchains. Also, now more and more companies are showinginterest in launching their tokens on the Tron network. Swarm partners with Tron As reported by the Tron blog on Medium, one of the most recent collaborations set up by…

New US ‘Digital Taxonomy’ Bill to Allocate $25 Million Annually to Prevent Crypto Crime

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The so-called Digital Taxonomy Act of 2019, which United States legislators introduced yesterday, April 9, offers to allocate the Federal Trade Commission (FTC) $25 million annually to prevent crypto-related crime. The document was introduced to the U.S. House of Representatives by Rep. Darren Soto (D), who is known for his pro-crypto stance. The act is dedicated to the FTC’s role in preventing “unfair or deceptive acts or practices in transactions relating to digital tokens.” It also requires a report to congress on the FTC’s actions related to digital tokens. According…

Bitcoin Approaches $5,300 as US Stocks See Growth

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Wednesday, April 10 — most of the top 20 cryptocurrencies are reporting slight to moderate gains on the day by press time, as Bitcoin (BTC) approaches the $5,300 mark. Market visualization courtesy of Coin360 Bitcoin’s price is up just over one percent on the day, trading at around $5,272 by press time, according to CoinMarketCap. Looking at its weekly chart, the current price is about 4% higher than $5,038, the price at which Bitcoin started the week. Bitcoin 7-day price chart. Source: CoinMarketCap As Cointelegraph reported earlier today, the Japanese…

Liberland’s Merit Token Built on Bitcoin Cash Captures $1M Market Cap

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The sovereign microstate known as Liberland has recently minted a new token called merit (LLM) and the coin has been added to the Altilly exchange. Merit is a token built on top of the Bitcoin Cash chain and was issued using the Simple Ledger Protocol (SLP) on March 11. Since the Altilly listing, the token has gathered a market valuation of $1.1 and each LLM is swapping for more than $1 at press time. Also Read: Installing a Subdermal Bitcoin Wallet Is Only for the Brave Liberland’s Mints Merit Tokens…

Bitcoin Celebrates 400 Millionth Transaction, Adoption at All Time High

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Despite the consolidation in price over the last week, Bitcoin is getting strong indicators that the most recent rally will be different from the exponential price jumps experienced in 2017. While current traders may be turning bullish towards the top cryptocurrency by market capitalization, long-time investors and industry followers remember a similar shift in sentiment occurring two years ago. The price of Bitcoin skyrocketed from just above $1000 to an all time high of $20,000 during the course of 2017, with the majority of the price increase coming from an…

Bitcoin’s Meteoric Surge Exposes Bitter Irony of Russia’s Crypto Skeptics

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Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. For anyone thinking of promoting bitcoin as an investment, Russia might not be the ideal place to set up shop. According to the Russian Public Opinion Research Center (VTsIOM), around…

Bitcoin Price and Stocks Do Not Correlate, Indicates Latest FRED Data

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Cryptocurrency and stock price movements do not correlate with each other, indicated the latest Federal Reserve Economic Data (FRED). The data pitted S&P 500 index performance against the cryptocurrency index managed by US-based Coinbase crypto exchange platform. The results were some interesting shaky lines – often going in the same but mostly in the opposite directions. FRED merely indicated how those two trended between a specified period – beginning in October 2018 and ending in April 2019. But the organization backing the database didn’t clarify anything further. Rise in Correlation…

EU Blockchain Observatory Releases Report on Tokenization, AI and IoT

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The European Union Blockchain Observatory and Forum released a report entitled “Tokenization of physical assets and the impact of IoT and AI” on April 10. The report, authored by Dr. Tim Weingärtner, a professor at Lucerne University of Applied Sciences & Arts – School for Information Technology, features the “digital twin” concept, which refers to a digital replica of the physical world. This mirror world would be consist of Internet of Things (IoT) devices, big data, tokens representing physical objects, blockchain as a trusted ledger and Artificial Intelligence (AI). The…