Day: June 17, 2019

Polish Bank Verifies Documents With Ethereum Blockchain

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Alior Bank, a bank based in Warsaw, Poland, is using the public Ethereum blockchain to authenticate its clients’ documents, according to a report by Forbes on June 17. According to the report, when a client at Alior receives a document, they can now verify its authenticity by following a website link to its spot on the public blockchain. This means that customers can verify that the document in question was in fact issued, in the exact wording provided, when the bank claims. The blockchain technology lead at Alior, Piotr Adamczyk,…

Canadian Pharmacy to Track Cannabis via Blockchain in New Pilot Program

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Canadian pharmacy chain Shoppers Drug Mart has partnered with blockchain company TruTrace Technologies Inc. to launch a pilot program for cannabis supply chain tracking via blockchain, according to a report by Bloomberg on June 17. According to the report, this blockchain tracking system will be used to identify and track medical cannabis, with data included such as the strain’s source and genetics. This data will purportedly allow doctors to issue more effective prescriptions, as well as provide robust information for medical marijuana clinical trials. Shoppers Drug Mart executive Ken Weisbrod…

Ripple Announces Game-Changing Partnership With MoneyGram

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Published: 17/06/2019 18:35 EST. Journalist: By CCN Markets: Ripple announced a partnership with money transfer giant MoneyGram today. Ripple CEO Brad Garlinghouse tweeted the development. | Source: Twitter Two Year Exclusive Agreement, Ripple and MoneyGram According to Ripple Labs, a two-year partnership has been struck with MoneyGram which makes Ripple its exclusive digital assets partner. The purview of Ripple’s use case here might be more limited than expected. It depends on how many of the transactions are sent and received using Ripple’s technology and how much they’re worth. Whatever the…

Bank of America: Facebook’s Libra Could Act as an Endorsement of Crypto; Here’s What Analysts Think

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The crypto and finance worlds are both patiently awaiting further news about Facebook’s highly anticipated cryptocurrency project, Libra, which is expected to be officially discussed in detail tomorrow. Prior to this announcement, multiple major analysts at global banks have shared their thoughts on what Libra could mean for both the company itself and for the aggregated crypto markets in general, and the consensus is rather bullish. When Facebook Calls, You Pick Up: Libra Garners Major Partners Ahead of Official Launch Although Libra’s massively centralized nature runs counter to the credo…

Ripple to Invest Up to $50M in MoneyGram Following New Partnership

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Major money transmission network MoneyGram has entered into a strategic partnership with blockchain-based payments firm Ripple, according to a press release on June 17. As part of the two-year agreement, the two firms will become partners in cross-border payments and foreign exchange settlements with digital assets. As part of the agreement, MoneyGram will be able to draw up to $50 million dollars from Ripple in exchange for equity. MoneyGram will purportedly use Ripple’s xRapid liquidity product, which allows money to be sent in one currency and instantly settled in the…

Bitcoin (BTC) Trading at 2% Premium in Hong Kong Amid Unrest

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Bitcoin Sees Seeming Uptick in Adoption in Hong Kong Throughout its short history, Bitcoin (BTC) has been seen as anything but centralized, sovereign, and censorable. The crypto asset was created by a pseudonymous individual, is secured by a global group of miners, and is backed by no government, traditional finance system, or common entity. And as a result, many have looked to Bitcoin and its brethren — other digital assets — as a much-needed escape hatch from fiat and government overreach. Indeed, the cryptocurrency was released in the wake (and seemingly as a result)…

Bitcoin Leaves Other Asset Classes in Dust as Market Stars Align

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Published: 17/06/2019 16:40 EST By CCN Markets: Investors who are not generating returns in 2019 are clearly looking in the wrong place. Considering bitcoin claimed a fresh 2019 high to nearly $9,400 over the weekend, other asset classes have a hard act to follow. Gains across the stock market and commodities including oil and precious metals such as gold pale in comparison to bitcoin’s, and investors must be kicking themselves for not recognizing the opportunity in crypto. There’s no shortage of explanations as to what is fueling bitcoin’s rise, ranging…

Santander Loses Appeal Against Brazilian Crypto Exchange, Fine Upheld

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Major Spanish bank Santander has been denied an appeal regarding a decision by the Court of Justice of the State of São Paulo in a case against crypto exchange Mercado Bitcoin, Cointelegraph Brazil reports on June 17. Santander was sued by the Brazilian exchange Mercado Bitcoin in 2018, after the bank purportedly closed the exchange’s account at its sole discretion. The bank, which has branches in Latin America, cited concerns over the origin of the account’s fund due to the nature of the crypto exchange’s activities. Over 1 million reals (around…

Zcash Rolls Out New Software Client to Bolster Network Health

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Nonprofit organization The Zcash Foundation has partnered with blockchain company Parity Technologies to release a new, open source software client for the cryptocurrency Zcash, according to a press release on June 17. The new software client, Zebra, purportedly exists to provide redundancy in the case of its first client — Zcashd — failing. Zcash hopes this will provide better security for its crypto network as a whole. Additionally, the client is designed to improve Zcash performance in other ways, such as having a means to “detect implementation-specific bugs” and avert…

Bitcoin Cash Development Fund Receives Massive Support

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The Bitcoin Cash community has greatly advanced its efforts to support the sustainability of the cryptocurrency with a fundraiser whose contributions are donated to developers. The campaign has already reached the 95% milestone out of an initial goal of raising 800 BCH for the development fund by Aug. 1, 2019. Also Read: Crypto Cards in Weekly Video Update From Bitcoin.com Bitcoin Cash Community Strongly Backs Developers A number of big donations to the Bitcoin Cash Development Fund have just brought the total community contribution made to the campaign very close…