A Return to Sound Money is the Major Threat to Bitcoin, Says Peter Schiff

During his most recent appearance on Kitco, Max Keiser suggested that if the Chinese national cryptocurrency should be backed by gold, then this would be a massive blow against the USD and very bullish for Bitcoin. The well-known gold supporter Peter Schiff on the contrary claims that if this were to happen, Bitcoin would be in real danger.  Bitcoin is a Superior Currency A lot of the details regarding China’s cryptocurrency have not been divulged yet, but according to well-known Bitcoin investor Max Keiser, the cryptocurrency that China’s rolling out…

SBI Major Push for XRP Mass Adoption With 61 Major Banks & Free XRP

In a new investor report from SBI Holdings, the group intends to expand usage and push for mass adoption with new platforms and giveaways. SBI Ripple Asia, a joint venture with Ripple and a consortium of 61 Asian Banks says it will use up to 50% of RippleNet once it gets going. Considering RippleNet has been breaking daily transaction records, mainly from MoneyGram’s Mexican corridor, you can see why this will be huge. In the report, which contains SBI’s performance and strategy, the group says it is going to be…

SBI’s Crypto-Focused Venture Capital Arm Sees Major Turnaround On Year

SBI Securities’ trading revenue surged 19.2% in 2019, largely due to the inclusion of the company’s crypto investment wing, which turned a $7.1 million loss into a $30 million profit over the year. Japanese financial services giant SBI Holdings released its new financial report on Oct. 30. The report analyzed results for the six-month period ended Sept. 30, 2019 and witnessed major growth of SBI’s crypto-heavy venture capital arm in 2019 amid a general decline in SBI’s revenue. SBI VC Trade profits grow over $30 million over a year According…

Major Latin American Development Bank Pilots Blockchain for Land Registry

The Inter-American Development Bank (IADB) is implementing three different blockchain pilot projects to test if blockchain technology is able to solve some of the problems of land titling and registries. On Oct. 28, blockchain startup ChromaWay reported that it is collaborating with IADB on a two-year project in Bolivia, Peru and Paraguay on an initiative called “Distributed Ledger Technology (Blockchain): The Future of Land Titling and Registry.” Chromaway, which has experience in tracking land titles in countries such as Sweden, Canada, India, and Australia, will run the pilots together with…

Altcoins React on BTC’s Sudden Surge, Some Major Coins Post Double-Digit Gains

Following Bitcoin’s (BTC) sudden jump earlier in the day, altcoin markets have also entered the green zone, with some of the major cryptocurrency markets registering solid growth. Cryptocurrency market daily overview. Source: Coin360 Bitcoin had been hovering around $7,500 during the day until it suddenly surged over $500 in just five minutes to the $8,391 price mark. At press time, the leading crypto is trading at around $8,541, up by nearly 15% on the day. Bitcoin 24-hour price chart. Source: Coin360 Top-20 coins are posting gains as well, with some…

Mastercard Joins Major Ripple Partner Bank for Payments on Delivery

Global credit card giant Mastercard has announced a major partnership with PNC Bank who is using and developing RippleNet software for their client’s needs. The new partners intend to develop Payment on Delivery, a trial system that allows businesses to pay suppliers in real-time for goods received. PNC has been at the forefront of real-time payments, and we are pleased to be able to extend request-for-payment capabilities across the real-time payment rails. Through this program, together we can bring speed and transparency to these critical business payments Chris Ward –…

XRP Is Top Performing Major Crypto Behind Bitcoin, But Criticisms Remain

XRP continues a solid performance throughout October. This comes off the back of weeks of sideways action from Bitcoin. And while it’s too soon to call a start to altseason, XRP is still up 13% since the beginning of October, hovering around the $0.29 mark. However, critcisms of the relationship between Ripple and XRP, as well as Ripple itself, will not go away. XRP Since it began, the divisive token has faced a barrage of fire from all angles. Recently, this has come from reports of Ripple dumping XRP, and…

Libra Gets First Major Political Backer in US Congress

Libra, the underfire planned cryptocurrency led by Facebook (NASDAQ:FB), has been dominating headlines in the world of crypto for all the wrong reasons. Regulators on both sides of the Atlantic have been staunchly opposed to the development of the coin, labeling it a threat to the economic and monetary sovereignty of nations. However, in a rare show of political support for Libra, Republican Senator for South Dakota Mike Rounds has written to Anchorage to endorse the project. Anchorage, a South Dakota-based trust fund, is one of the 21 founding chartered…

Ethereum (ETH) Rebound Faces Major Hurdle Near $180

Ethereum price is currently correcting higher, but it is facing a strong resistance near $180 against the US Dollar. Bitcoin price is up more than 1.5%, but it is also facing resistance $8,120 and $8,200. This week’s followed major bearish trend line was breached with resistance near $174 on the hourly chart of ETH/USD (data feed via Kraken). The pair is clearly facing a strong resistance near the $180 level and the 100 hourly SMA. Ethereum price is currently recovering higher versus the US Dollar, similar to bitcoin. However, ETH…

Major Singapore Bank Completes First DLT Trade Financing Transaction

A Singaporean banking branch of CIMB Group, one of the largest Asian investment banks, has completed its first blockchain-based trade financing transaction. The transaction was processed using blockchain and Internet of Things (IoT) platform developed by local trade financing firm iTrust Trading, Yahoo Singapore reports Oct. 17. By applying iTrust’s blockchain-based IoT, CIMB intends to minimize the risks associated with commodity trade financing and facilitate credit extension for its customers by gaining access to real-time monitoring of the cargo data in transit and in the warehouse.  The technology reportedly provides…