Day: August 28, 2019

US Air Force Partners With Blockchain Big Data Management Platform

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The United States Air Force (USAF) partnered with blockchain big data management startup Constellation. According to a Constellation press release published on Aug. 27, the startup signed a working contract with the USAF. The U.S. Air Force better explains the scope of the partnership in the following statement: “Air Force Research Laboratory and AFWERX have partnered to streamline the Small Business Innovation Research process in an attempt to speed up the experience, broaden the pool of potential applicants and decrease bureaucratic overhead.” “A big need within the defense apparatus” VP…

Transparent, Less Expensive, More Diverse

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Cryptocurrencies are upending the worlds of banking, retail and payments in countless ways, but there has been one area where this burgeoning industry has somewhat fallen behind: investments. While it can be easy to build portfolios that focus on stocks and shares or fiat currencies, diversifying into crypto funds has proven harder for consumers and professionals alike. This has been partially because of how many financial institutions have been reluctant to embrace digital assets so far. Another issue has been how portfolio managers in the crypto space have been struggling…

XRP Community Is Threatening a ‘Takeover’ if Ripple Execs Keep Dumping

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Anger about the negative market consequences of Ripple selling XRP to its clients is prompting token holders to conceive of ever-more ingenious means to fight back. In a tweet published on Aug. 26, Twitter user @CryptoBitlord quipped to his 102,000 followers about his latest scheme for a community effort, writing: “I’m thinking about forking $XRP so we don’t have to deal with the founders dumping. — This will be a community effort. Retweet if you’re in.” Crypto Bitlord’s anger has spilled over beyond witticisms; 3 weeks ago, he started a…

7 Major Businesses Will Initially Receive China’s State-Sponsored Cryptocurrency

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China is expected to launch its first state-backed cryptocurrency in few months. Now it has been reported that with the backing of the Central Bank of China, this digital currency will be first received by 7 different institutions. Former employee of China Construction Bank, Paul Schulte, has said that the Industrial and Commercial Bank of China, Bank of China, the Agricultural Bank of China, Alibaba, Tencent and Union Pay will be the first ones to receive the virtual currency. An anonymous source has added that there might be an 8th…

China’s Govt Crypto Readies Huge November Launch to Steal Libra’s Thunder – CCN Markets

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China is reportedly set to launch its state crypto on the country’s biggest shopping day. | Source: Shutterstock Facebook’s fears that the bottlenecks tech firms in the free world face in developing cryptocurrencies risks opening the door for more closed societies to take the lead have been confirmed. According to Forbes, China has already developed a state-backed cryptocurrency known as DC/EP (DC- Digital Currency, EP – Electronic Payments) that could be unveiled in November. Forbes further reports that the responsibility of distributing the cryptocurrency will fall on some of China’s…

First Ever Bitcoin PAC Launches Politicoin ICO to Support Candidates

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BitPAC, the first ever Bitcoin (BTC) political action committee (PAC), will expand its candidate supporting program with an initial coin offering (ICO), Coindesk reports on Aug. 28. Utility token, not a thing of value Dan Backer, who founded BitPAC back in 2014, revealed that the committee will issue a utility token dubbed Politicoin, which will be used to support the PAC and its candidates running for public office.  Backer emphasized that the upcoming Politicoin is a utility token, which will not function as a store of value, explaining that the…

Bitcoin Price Threatens $10K as 50% of CME Futures Almost Expire

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The upcoming CME futures expiration set for Friday is expected to have a significant effect on the next bitcoin price action as the biggest cryptocurrency threatens to plunge below the $10,000 mark. In the past nine weeks, the Bitcoin price rally has stalled. Analysts believe that the crypto may suffer a severe pullback if the $9,940 support is breached. Currently, BTC is still testing the $10,000 support. However, everyone now focuses on the upcoming CME futures expiration set for Friday. Commentators believe that this expiration will have a significant impact…

Santiago Stock Exchange Forms Latin America’s First Blockchain Alliance

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The Santiago Stock Exchange (STE), Central Securities Depository (DCV) and the Global Trade Directory (GTD) announced a new blockchain association. Latin America focused business intelligence firm BNamericas reports on Aug. 27 that STE, DCV and GTD have set up a consortium for blockchain financial application development, which is reportedly the first such initiative in Latin America. Blockchain-based stock trading coming to Latin America The agreement foresees the creation of a business blockchain network: infrastructure meant to connect stock market clients worldwide via nodes that will provide access to the different…

Switzerland’s First Licensed Crypto Bank is Eyeing Singapore Next

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Swiss and Singapore-based cryptocurrency firm Sygnum is in talks with local regulators to seal a banking license in Singapore. Business News Bloomberg reported on Aug. 28 that Syngum — which has only just recently been issued a conditional banking and securities dealer license in Switzerland — aims to become a fully regulated bank in Singapore as well. Becoming a full-fledged, regulated crypto bank Syngum co-founder and chief strategy officer Gerald Goh has clarified that once the firm becomes a full-fledged Swiss bank later this year, it will proceed with its…

Does Warren Buffett Know Something We Don’t? Is the Crisis Ahead?

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The vast cash hoard of Warren Buffett’s company, Berkshire Hathaway Inc., has been vaster only once before – just before the worst financial crisis since the Great Depression. Warren Buffett’s big pile of cash could act as a warning to other investors that stock market is becoming overvalued and that its crash is pretty near. Berkshire Hathaway, the “Oracle of Omaha’s” group was noted to hold a record $122 billion in cash at the end of June. This money could be very easily be used raising its holdings in company…