Day: July 28, 2020

Ripple’s Japanese Partner SBI Sets Up Its Token Platform on Corda

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Ripple Labs’ Japanese partner SBI Holdings has set up its new S coin token platform. The platform works on the Corda blockchain. Japanese Bank SBI Holdings Inc. (TYO: 8473), which is a Ripple Labs partner, has introduced its new token platform. The bank made this known in a press release yesterday. The S Coin platform by SBI can issue tokens on the Corda Blockchain, owned by American company R3. The S token platform was currently issuing only digital tokens, but it may change, because it will have the ability to…

Ripple’s Japanese Partner SBI Sets Up Its Token Platform on Corda Blockchain

boss

Ripple Labs Japanese partner SBI Holdings has set up its new S coin token platform. The platform works on the Corda blockchain. Corda is an enterprise blockchain owned by U.S. company R3. Japanese Bank SBI Holdings Inc. (TYO: 8473), which is a Ripple Labs partner, has introduced its new token platform. The bank made this known in a press release yesterday. The S Coin platform can issue tokens on the Corda Blockchain, owned by American company R3. The S token platform was currently issuing only digital tokens, but it may…

Ethereum Futures Hit $1 Billion As Forecasts Show Positive Interest in the Decentralized Platform

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For the first time in the history of Ethereum, its future contract has generated unprecedented interest as it has eclipsed $1 billion. This is indicative that the biggest altcoin of the coin market enjoys greater adoption, sending signals that speculators are backing Ethereum for the future.  According to Skews, the market Analytics firm, this comes on the heels of the current price movement as the platform prepares for Ethereum 2.0. Futures contracts are based on speculations that the price of the altcoin would move in a certain direction in the…

Tether Exchange Inflow Reached 8-Month High as Bitcoin Rallied to $11K

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Tether (USDT) exchange inflow has recently spiked to its highest level in the last 8 months, according to data from on-chain data provider Glassnode. Exchange inflows for the stablecoin reached a 2020 high yesterday as Bitcoin (BTC) soared to $10,270, although BTC has since continued on its rally, currently sitting at $11,000. USDT Exchange inflows. Source: Glassnode While research firms have found that there is an inverse correlation between the USDT held on exchanges and the price of Bitcoin, the inflow can also be considered as a bullish sign for…

What Crypto Lender Celsius Isn’t Telling Its Depositors

In its terms of use, Celsius reserves the right to re-hypothecate customers’ assets, but it’s ambiguous whether the passage refers solely to depositors’ funds or to borrowers’ pledged collateral as well. “In consideration for the rewards earned on your Account and the use of our Services,” the document says, “you grant Celsius the right … to pledge, re-pledge, hypothecate, rehypothecate, sell, lend or otherwise transfer or use any amount of such Digital Assets … for any period of time.” Source

TASE Launches Blockchain Based Platform for Securities Lending

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With blockchain solutions gaining a global traction, Israel’s Tel Aviv Stock Exchange (TASE) has launched a blockchain platform that will enhance peer-to-peer Securities Lending. The Tel Aviv Stock Exchange (TASE) has announced an innovative financial technology solution with the launch of a Central Blockchain Securities Lending Platform, the first-ever in Israel. The exchange said it started testing the platform since March and is going to launch it in November. With the Central Blockchain Securities Lending Platform, TASE will be able to provide a single national market where Israeli institutions can…

Cardano’s Shelley Hard Fork is Happening Tomorrow, No Interruption Expected

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On July 29, Cardano (ADA) will migrate from the Byron to Shelley era with a planned hard fork. The team stated that no interruptions to the Blockchain’s normal operations are expected, elaborating that “this is the moment when Shelley ‘comes alive’ on mainnet, introducing features such as stake pools, delegation and rewards, opening up a new era of decentralization for Cardano.” Charles Hoskinson: thousands of DApps by 2021 Cardano founder Charles Hoskinson is extremely optimistic about the platform’s future, he expects to see thousands of decentralized applications and tons of…

Dorsey & Co Were Aware of Security Issues With Twitter Users Since 2015

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Numerous unnecessary employees at Twitter allegedly have the ability to reset users’ accounts and modify their security settings. This is a problem that Jack Dorsey, chief executive officer, and the company’s board were warned about all the way back in 2015.  According to Bloomberg, Twitter has over 1,500 workers with the abilities to reset accounts and review user breaches. This led to speculation that the hack on July 15 could have been prevented if timelier actions were taken. Security concerns addressed The report clarified that such credentials gave limited access…

Bitcoin’s Latest Rally May Have Staying Power, Exchange Flows Suggest

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Bitcoin is currently trading above $10,000, but is the latest move into five figures here to stay? Data suggests this rally might have legs. The leading cryptocurrency has failed a number of times during the last 12 months to keep gains above the $10,000 mark. But this time may be different. Consider the flow of bitcoins and stablecoins in and out of cryptocurrency exchanges observed on Monday, suggesting the latest price breakout may persist. The inflow of bitcoins into exchanges increased by 68,970 BTC to 130,039 BTC on Monday –…