Day: July 31, 2020

Bank of Japan Appoints Top Economist to Head Up CBDC Research Team

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The Bank of Japan has appointed its top economist to lead a team tasked with accelerating its research into central bank digital currencies (CBDC). According to a July 31 Reuters report, Kazushige Kamiyama’s appointment may mark a shift away from the bank’s previously cautious nature on digital currencies. Kamiyama had previously led the bank’s efforts to use big data for conducting econometric analysis in real time. According to Reuters, this proved helpful when the Japanese economy was hit by the coronavirus epidemic earlier this year.  Stepping up the pace of…

As Private Seed Funds Dry Up, European Blockchain Firms Seek Public Backing

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A Slovak blockchain startup serves as the chief example of pandemic venture capital developments in central and eastern Europe (CEE), in a new report from Reuters on July 31. In the former Eastern bloc — where venture funding hit close to $1.6 billion in 2019 —  uncertainty during the COVID-19 crisis has hit the start-up sector hard, particularly when it comes to early-stage deals. Alftins, a Slovak startup that is developing an online platform to trade digital assets, has recently secured funding from publicly-funded venture firm Crowdberry. The latter had…

Digitex Futures Zero-Fee Bitcoin Futures Exchange Now Open to the Public

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Digitex Futures, the Seychelles-based cryptocurrency startup has announced the much-anticipated public launch of its Bitcoin Futures exchange on July 31 following months of extensive testing. Since the launch of its mainnet, Digitex Futures has been gradually adding more traders enabling them to experience the platform and also provide any feedback that can be used for further improvement. Now, with the public launch, anyone can create an account on Digitex Futures and start trading at zero fees. The number of markets available on the platform is currently confined to just one…

Blockchain Is Part of Australia’s Cyber Security Solution, Say Experts

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A cyber security and blockchain forum with leading Australian experts and government officials has identified blockchain technology as a direct response to an increase in cyber attacks targeting the integrity of systems through manipulating data. Recently appointed Blockchain Australia CEO Steve Vallas held a panel discussion on July 30 regarding blockchain’s use-case in cyber security with experts from various fields being part of the 300+ attendees.  The panel consisted of National Blockchain Lead Chloe White from the Department of Industry and Liberal Senator Andrew Bragg, CEO of cyber security firm…

AAPL Stock Rises Over 6% after Apple Reveals Its Q3 Earnings Report

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According to the Q3 earnings report, Apple now has $193.817 billion cash on hand. AAPL stock is up after hours. American multinational technology giant Apple Inc (NASDAQ: AAPL) announced on Thursday its fiscal Q3 earnings blowing past Wall Street’s expectations, reporting revenue of $59.69 billion. Apple Q3 earnings per diluted share stood at $2.58, up 18 percent. International sales accounted for 60 percent of the quarter’s revenue. iPhone revenue stood at $26.4 billion for the quarter, an increase from the year-ago quarter. After the Q3 earnings report was revealed, Apple…

Aggregators Now Drive 20% of Ethereum DEX Volume

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Crypto market data firm Messari estimates that 20% of all decentralized exchange (DEX) volume on Ethereum is routed via DEX aggregators. In a newsletter, Messari writes that “the 21st century is dominated by aggregators,” adding, “Amazon aggregates consumers and merchants. Uber aggregates riders and drivers. Netflix aggregates viewers and content. The list goes on.” With “the first attempts at aggregation in DeFi” beginning to take shape, Messari states that many of the sector’s aggregators “are seeing early product-market-fit” and will be able to capture significant value as the DeFi ecosystem…

This Simple Bullish Pattern Suggest Ripple (XRP) Could Surge Above $0.25

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Ripple is up over 2% and it is showing positive signs above the $0.2400 resistance zone against the US Dollar. XRP price is likely to accelerate gains if it clears the $0.2500 resistance. Ripple price started consolidating gains after it rallied towards the $0.2500 level against the US dollar. The price is currently trading nicely above the $0.2400 and $0.2380 support levels. There is a key rising channel forming with support near $0.2410 on the 4-hours chart of the XRP/USD pair (data source from Kraken). The pair remains well supported…

Fidelity Digital Assets Quotes Bitcoin Creator Satoshi Nakamoto in Latest Investment Thesis

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Fidelity Digital Assets (FDA) quotes Satoshi Nakamoto in its latest investment thesis report. The thesis is part of a series of reports examining the perspectives driving interest and investment in bitcoin. FDA is affiliated with Fidelity through parent company Fidelity Management & Research (FMR). One of the largest financial services corporations in the world, Fidelity has an estimated $7 trillion worth of assets under management (AUM). Commenting on its findings, FDA says it has learned that investors view bitcoin as an aspirational store of value while also noting the limited…

Panxora Backs Clintex To Raise $7 Million USD And Provide Faster Access To Medicines – Blockchain News, Opinion, TV and Jobs

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Digital asset treasury management service Panxora says it will support ClinTex, a pharmaceuticals industry solutions provider, in raising and managing $7 million USD for a blockchain-powered clinical trials solution to accelerate access to medicines for patients. Panxora will provide a management framework, determining when capital raised is released into the project, which will enable ClinTex to strategically grow its business. Brendan Mannion, ClinTex’s co-founder, said: “Our main priority has always been to meet patients’ needs. Recent circumstances have exposed the pharmaceutical industry’s flaws and reluctance to share data. However, with…

Government-Backed Tokenized Gold With ‘Killer Features’

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The Universal Protocol Alliance — a consortium of crypto firms comprising Bittrex Global, Ledger, CertiK, and Uphold —  has launched a token backed by the Western Australian government-owned Perth Mint. The tokens, dubbed ‘Universal Gold’ or UPXAU, can be purchased on Uphold and spent using the firm’s debit card. Investors can purchase UPXAU from $1 with no investment limits. Unlike mainstream gold products which often have 0.4% monthly custody fees, the token is free to hold. In a July 30 announcement, JP Thieriot, Uphold’s chief executive, said the token had…