Day: August 27, 2019

Startup Led by JPMorgan Veterans Brings Free BaaS Platform to Azure

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Hybrid blockchain solutions startup Kadena has updated its enterprise blockchain platform on the Microsoft Azure Marketplace. On Aug. 27, Kadena announced that its new product called Kadena Scalable Permissioned Blockchain is available on Azure Marketplace for free. Blockchain scalability ambitions Founded by former blockchain experts at United States banking giant JPMorgan, Kadena first released its permissioned blockchain on the Amazon Web Services Marketplace in January 2019.  At the time, company co-founder Stuart Popejoy said that existing versions of private blockchains were inadequate due to low scalability. Kadena also claimed that…

Eight Institutions to Get China’s Digital Currency First

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According to sources, the People’s Bank of China is giving its first round of central bank digital currency (CBDC) to online retail giant Alibaba, Internet giant Tencent, five banking organizations and one unknown entity. The first beneficiaries Forbes reported the news on Aug. 27. The sources named are Paul Schulte, who previously worked as head of the China Construction Bank, and an anonymous individual identified as part of China’s CBDC project. According to Schulte, the first beneficiaries of China’s CBDC are Alibaba, Tencent, China Construction Bank, the Industrial and Commercial…

US SEC Chairman Says the Rules Won’t Change for Cryptocurrencies

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United States Securities and Exchange Commission (SEC) Chairman Jay Clayton says he won’t make exceptions in securities law for cryptocurrencies, but he won’t stand in their way either. SEC rule changes ‘ain’t happening’ Bloomberg published an interview with Jay Clayton on Aug. 27. According to Clayton, he has no desire to change securities laws, either to include or exclude digital assets for regulation. In his own words: “I think a lot of people got excited that somehow we would change the rules to accommodate the technology and they invested their…

Brave Browser Announces Development of Crypto Wallet for ETH and BAT

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Blockchain-based web browser Brave has unveiled a cryptocurrency wallet for Ethereum tokens that is currently in development. Incompatible with Brave Rewards Brave discussed their work so far in a blog post on Aug. 27. According to the announcement, the in-browser wallet supports Brave’s native ERC-20 Basic Attention Token (BAT), alongside other Ethereum-based tokens and collectibles and Ether (ETH) itself. Additionally, the wallet supports interaction with decentralized applications — also known as DApps — which reportedly makes Brave a Web3 browser. However, the wallet cannot interact with Brave Rewards. This means…

Telegram’s 300 Million Users May Be Able to Trade Cryptocurrency

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Crypto bull runs often result in developments that often seem a bit farfetched, but at the end of the day, almost everyone wants to cash in on the phenomenon. It happened in 2017, and it is happening once against in 2019 as Bitcoin led the massive crypto surge in the first half of the year. Naturally, some of the world’s biggest tech companies are now getting an interest in Bitcoin as well as in the wider crypto ecosystem. It has now emerged that messaging platform Telegram, which is best known…

Telegram’s 300 Million Users May Be Able to Trade Cryptocurrency

boss

Crypto bull runs often result in developments that often seem a bit farfetched, but at the end of the day, almost everyone wants to cash in on the phenomenon. It happened in 2017, and it is happening once against in 2019 as Bitcoin led the massive crypto surge in the first half of the year. Naturally, some of the world’s biggest tech companies are now getting an interest in Bitcoin as well as in the wider crypto ecosystem. It has now emerged that messaging platform Telegram, which is best known…

Switzerland Approves Bitcoin Banks – But With Strict Conditions Attached

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One of the major problems for businesses in the cryptocurrency industry is finding a bank that agrees to work with them and connect them to the traditional fiat financial system. The financial regulator in Switzerland has just made this easier by licensing two companies to serve as tailored banks for the industry and further open up the market to institutional investors, albeit under very strict AML regulations. Also Read: Immortality, Cryogenics and UBI: How The Crypto Rich Influence Science Swiss Regulator Gives Green Light to Bitcoin Banks The Swiss Financial…

Blockchain.com Partners with Payment Processor BitPay

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Cryptocurrency wallet provider Blockchain.com has announced a partnership with a Bitcoin payment processor, BitPay. Through the partnership, Blockchain.com is expected to incorporate BitPay’s payment technology into its wallet service. Blockchain.com Users to Get Access to BitPay’s Network Blockchain.com is currently the world’s most popular Bitcoin wallet provider with over 30 million wallet users across 140 countries. The company, which was founded in 2011, mostly holds Bitcoin APIs in the wallets. BitPay has a global reach of more than 20,000 customers. BitPay’s collection of products enables users to send and receive…

Gemini Joins Silvergate Exchange Network for 24/7 Fiat Money Transfers

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Gemini, the cryptocurrency exchange founded by the Winklevoss twins, is joining crypto-friendly bank Silvergate’s Silvergate Exchange Network (SEN) to speed fiat transfers. Real-time fiat money transfers Gemini announced the move in an official blog post on Aug. 27. According to the announcement, the main benefit of the exchange’s partnership with Silvergate is that Gemini’s institutional investor clients can withdraw and deposit United States dollars from their accounts at any time. This is already the industry standard for cryptocurrencies, but not for fiat money, per the report. Additionally, the announcement states…

Facebook’s Libra | Coinbase’s Ex-Policy Head Will Lead Lobbying

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In July, tech giant Facebook (NASDAQ:FB) announced that it was going to launch its own cryptocurrency named Libra, and since then, it has lurched from one problem to the next. Policymakers from all across the world, including the head of the US Federal Reserve and US President Donald Trump, expressed their skepticism about Libra soon after. Hence, it is quite clear that Facebook is currently at a loss as to how to tackle the myriad of policy issues that are going to arise with the launch of Libra. However, it seems…