Day: September 27, 2019

China’s Fintech Stocks Soar Over 50% in 2019 Amid CBDC Anticipation

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China Securities Index Co. (CSI) Fintech Theme Index has risen over 50% in 2019, outperforming the broader market. Some stocks skyrocketing 200% According to a Reuters report on Sept. 26, stocks of China’s fintech firms have seen a notable surge this year amid investors’ anticipation of China’s launch of its own digital currency as well as the demand it would generate for security and payment services. As such, the CSI fintech theme index — which is composed of A-Share stocks relating to fintech, including payment and settlement, capital raising, wealth…

Ripple’s Xpring Acquires Payment Platform Logos Network to Pursue DeFi

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Ripple, the San Francisco-based startup behind the third-largest asset on the crypto market, XRP, has acquired payments platform Logos Network to develop decentralized financial (DeFi) products. Per a Sept. 27 blog post, Ripple’s Xpring initiative, the company’s investment arm, has onboarded Logos Network. Logos Network is a distributed ledger-based payment platform that focuses on speed and scalability. Exploring DeFi and building relationships As part of Xpring, the team behind Logos will be exploring a DeFi system that is set to leverage XRP at its core. With the acquisition, Logos’s founder…

Venezuela’s Central Bank Indicates Plans to Stockpile Bitcoin

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Various reports reveal Venezuela’s central bank is allegedly contemplating hoarding a variety of cryptocurrencies like BTC within its internal reserves. The state-operated gas company Petroleos de Venezuela SA (PDVSA) has asked to send BTC and ETH payments to Banco Central de Venezuela’s (BCV) vaults to pay for oil and gas operations. Also read: Maduro’s Petro Becomes More Accessible, but Scrutinized by Venezuelans Venezuela’s Central Bank Plans to Hold Cryptocurrencies Within Internal Reserve System Sources reveal that Venezuela’s central bank plans to accumulate a stash of bitcoin and ethereum and the…

Venezuela’s Central Bank Indicates Plans to Stockpile Bitcoin

boss

Various reports reveal Venezuela’s central bank is allegedly contemplating hoarding a variety of cryptocurrencies like BTC within its internal reserves. The state-operated gas company Petroleos de Venezuela SA (PDVSA) has asked to send BTC and ETH payments to Banco Central de Venezuela’s (BCV) vaults to pay for oil and gas operations. Also read: Maduro’s Petro Becomes More Accessible, but Scrutinized by Venezuelans Venezuela’s Central Bank Plans to Hold Cryptocurrencies Within Internal Reserve System Sources reveal that Venezuela’s central bank plans to accumulate a stash of bitcoin and ethereum and the…

Libra Association Talks With EU Regulators Following Opposition

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The Libra Association is in talks with European Union regulators, according to its managing director, according to an interview with Reuters, Sept. 27. Bertrand Perez said that discussions were ongoing and there was still work to do, in one of his first public appearances on the job at a blockchain conference in Geneva, where the association is based. Facebook’s Libra faced a cold reception in France and Germany Since Facebook announced its intention to launch the Libra cryptocurrency, it has faced scrutiny from regulatory bodies across Europe and North America.…

Major Coins Trading Sideways, Bitcoin Hovers Around $8,000

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Friday, Sept. 27 — The top-20 digital currencies are reporting mixed signals today, experiencing moderate gains and losses throughout the past 24 hours following the nosedive they took on Tuesday, Sept. 24. Cryptocurrency market daily overview. Source: Coin360 The leading cryptocurrency, Bitcoin (BTC), is trading sideways, up by 1.18% over the last 24 hours to trade at around $7,970 at press time. Bitcoin has seen low volatility during the day, having dropped to as low as $7,752, while the intraday high reached $8,198. At the beginning of the day, Bitcoin…

Spanish Facebook Rival Taringa Is Sold to Smart Contract Dev RSK

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A subsidiary of Argentinian smart contract platform RSK has purchased Latin America’s social media giant Taringa, gaining exposure to 30 million users. RSK-powered rewards for content on Taringa IOVlabs, a startup dedicated to the development of the RSK smart contract network, is already building a crypto-powered incentivizing program for sharing content on the platform, as reported by Cointelegraph en Español on Sept. 27. Specifically, Taringa will purportedly reward users for active participation in its communities with IOVLabs’ RIF token (RIF), a crypto token operating on the RSK Smart Bitcoin platform.…

Aqilliz Rolls Out Blockchain Enterprise Product Lines for the Digital Marketing Industry

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Aqilliz, a blockchain solutions provider that looks to restore authentic value discovery to the digital marketing landscape and say they aim to create a meaningful value exchange between brands, platforms, and consumers and looks to provide blockchain-enabled solutions that enable greater trust, transparency, and cost-efficiency for its enterprise clients. advertisement Aqilliz CEO Gowthaman ‘G’Man’ Ragothaman said: “Today, numerous technologies continue to focus on siloed solutions that have led to a largely fragmented martech ecosystem, resulting in a very bloated administrative layer. These existing solutions have thus far only addressed some…

Slow Start Unlikely to Dampen Long-Term Prospects

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After more than a year spent ensuring full compliance with the United States authorities, Bakkt, the first federally regulated platform for Bitcoin (BTC) futures trading, launched on September 23.  Conceived by the global trading giant Intercontinental Exchange (ICE) and counting a solid portfolio of investors from Microsoft’s venture fund M12 to Starbucks as its backers, Bakkt offers institutional traders something brand new. The platform’s value proposition is physically-settled BTC futures contracts, combined with a sound custodial service approved by the Commodity Futures Trading Commission (CFTC). Assuming that it is digital assets’ volatility…

The University College London (UCL) Centre for Blockchain Technologies Announce Blockchain Hackathon

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About Richard Kastelein Founder and publisher of industry publication Blockchain News (EST 2015), a partner at ICO services collective Token.Agency ($750m+ and 90+ ICOs and STOs), director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of some two dozen Blockchain startups and has written over 1500 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat. Irish Tech News…