Day: July 13, 2020

Banking on Blockchain: FinTech and Digitalization Will Play a Significant Role for the Chinese Banking Industry

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China’s banking industry for small to medium-sized enterprises (SMEs) will rely on digitization and financial technology to build a “new infrastructure” for the entire industry.  Highly endorsed by the country’s president, Xi Jinping, blockchain technology has seen a surge in popularity in the past year. Xi pointed out that it is necessary to strengthen the fundamental research of blockchain and to enhance innovation, enabling China to take a leading position in the blockchain field. With the coronavirus pandemic wreaking havoc on the economy, Beijing is helping Chinese SMEs to recover…

Disney Stock Up 0.30%, Goldman Sachs Gives DIS Buy Rating

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With the questionable plan to reopen Disney World amidst coronavirus scare, Goldman Sachs has given DIS a bullish stock call. Goldman Sachs is bullish on Walt Disney Co (NYSE: DIS) whose stock rose by about 0.30% at the reporting time. Goldman Sachs initiated coverage of DIS stock with a buy rating and a $137 per share price target, which is more than 14% upside from the stock’s Friday close. The bullish call comes amidst plans by the company to reopen Disney World since it went on lockdown as the pandemic…

Bitcoin Big Dump 9400$ | क्या 10400$ को नही Break कर पायेगा

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Weekly Cryptocurrency Recap: Ethereum Outpaces Bitcoin in Terms of ROI

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Bitcoin enjoyed a bullish price action over the course of the past seven days providing investors a weekly return of 2.52%. Bitcoin Favors the Bulls as It Aims for Higher Highs Its price opened the week, July 6th, at a low of $9,072, but the bulls quickly stepped it allowing BTC to rise. Indeed, the flagship cryptocurrency entered an uptrend that saw it surge by 4.39% to hit a high of $9,470 two days later, on July 8th. Despite the increasing demand, the $9,470 resistance level was able to reject…

SEC and CFTC Fine Crypto Investment App for Offering Synthetic Assets

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The Securities and Exchange Commission and Commodity Futures Trading Commission issued a joint fine to Abra, a crypto portfolio app that let users get synthetic exposure to traditional markets. According to the SEC’s release, Abra effectively offered “security-based swaps” to retail investors without the proper registration, in addition to “failing to transact those swaps on a registered national exchange.” Abra offered a type of “centralized” synthetic asset, where users were able to get exposure to traditional securities like stocks by putting up Bitcoin (BTC) and Litecoin (LTC) as collateral. The…

Non Fungible Token (NFT) Fueled Emojibles Coming to Cryptocommunity – Blockchain News, Opinion, TV and Jobs

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With World Emoji Day fast approaching on July 17, 2020, the blockchain company Reality Gaming Group has announced an exclusive global license from JoyPixels to develop and publish groundbreaking tradable emoji icons and a companion game based on the amazing world of emojis. Emojibles will enable emoji fans to collect their favourite icons for the first time, before adventuring through a game, Emoji Clash, and battling their friends in real-time contests. UK publisher Reality Gaming Group acquires official license to create tradable emojis and a companion game based on the…

Project Ubin Ready for Commercial Launch in Singapore

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The Monetary Authority of Singapore stated that the Ubin project can be integrated with similar blockchain platforms enabling end-to-end digitization. Singapore’s regulator, the Monetary Authority of Singapore (MAS), has announced in a joint statement that it concluded tests on its blockchain payment platform known as Project Ubin. The statement released in conjunction with Temasek stated that the platform will facilitate international remittances at a faster rate. The report stated that the project has gone through a series of tests that culminated in passing its fifth developmental stage. According to the…

Dogecoin Is ‘Not a Joke,’ Says OKEx CEO Jay Hao

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Jay Hao — CEO of major crypto exchange OKEx — made positive remarks about meme cryptocurrency Dogecoin (DOGE). When answering Cointelegraph’s recent inquiry concerning new Dogecoin-related OKEx features, Hao made it clear that he has a rather positive view of the cryptocurrency. He said: “Despite showing the lighter side of cryptocurrency, it is not a joke and has shown healthy development and longevity.” Hao explained that Dogecoin, which was born of a Litecoin (LTC) fork in 2013, is one of the oldest cryptocurrencies. He also said the way DOGE is…

VeChain Surges to 2018 Levels, But These Metrics Hint the Run-Up Isn’t Over Yet

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VeChain has been on a tear over the last couple of weeks. Since the beginning of the month, VET entered a bull run that has seen its price appreciate more than 149%. The blockchain-based supply chain management token went from trading at a low of $0.0088 to hit a new yearly high of $0.022. This price level has not been seen since 2018. VeChain Is Up 120% Since the Beginning of the Month. (Source: TradingView.com) Despite the substantial gains already incurred, the VeChain Foundation continues to expand the utility of…

Matic Network Gives a Glimpse Into How Big DeFi Staking Will Be

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Crypto staking on the Matic mainnet went live just over two weeks ago. On launch, Matic co-founder and CEO, Sandeep Nailwa took to Twitter to boast of the incredible 150% annual yield available for early adopters. In few hours @maticnetwork community has staked around 6.68% of circulating supply of Matic. The current annual yield stands at around ~150%Happy staking guys !! pic.twitter.com/X9yErope3E — Sandeep Nailwal-Matic Network (@sandeepnailwal) June 29, 2020 Since then, as more token holders have come on board, the annual yield has dropped to 53%. This will drop…