Tag: Platform

iTrustCapital Gains Investors Trust as Alternative Crypto and Gold IRA Platform, Registers Strong Growth

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As the post-pandemic financial markets stand on shaky ground, further worsened by the economic slowdown faced by almost all the nations has driven people to rethink their investment choices. As people look for more stable investments, non-traditional platforms like iTrustCapital have started to gain more attention. iTrustCapital, the leading alternative investment platform specializing in cryptocurrency and gold Individual Retirement Accounts (IRA) has reported a significant change in investment trends in 2020 as it achieved a milestone 10,000+ transactions. The platform attributes its latest achievement to investors switching their traditional securities…

Suspended ePayments platform will relaunch without crypto

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The ePayments online money transfer platform is restarting services following a seven month suspension – and notably absent this time around is support for cryptocurrencies. ePayments is a global money transfer service that boasts over 1 million accounts and has issued 75,000 debit cards. According to their regulator filings, the firm made profits of $US23.2 million in 2019. The company has announced that it is preparing to “start working again” but as cryptocurrency accounted for one fifth of its business, relaunching without it is notable. We are getting ready to…

Russia’s largest bank joins blockchain trade finance platform

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A subsidiary of Russia’s largest bank, Sberbank, has joined a blockchain-based platform for commodity trade finance. Sberbank Switzerland AG has signed an agreement with Swiss trade finance platform Komgo to apply its blockchain-powered trade finance service. Representatives from Sberbank Switzerland AG told Cointelegraph that the collaboration with Komgo addresses the growing digitization of trade finance. Evgeny Kravchenko, head of trade finance at Sberbank, outlined that commodity trade finance is a strategic business of Sberbank Switzerland AG. According to the executive, Russia and the Commonwealth of Independent States’ countries are the…

Binance CEO wants more Ethereum-based DeFi projects to join his platform

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Binance CEO Changpeng Zhao welcomed more Ethereum-based DeFi projects to join the Binance Smart Chain (BSC) platform.  In a tweet discussion with another user, Zhao explained that this step would reduce the load on the Ethereum network, which will, in turn, lead to a reduction in Ethereum’s gas fees.  Zhao later stressed that Binance Smart Chain is not a replacement or competitor to the Ethereum network and that it is compatible with it. Zhao added that Binance Smart Chain provides the smart contract creators with more options: “BSC never aimed…

Renault tests blockchain platform for parts compliance

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Luxury carmaker Groupe Renault tested its blockchain project aimed to ease compliance certification of vehicle components.  The project, Extended Compliance End-to-End Distributed, or better known as XCEED, grew out of Renault’s partnership with other companies to develop a blockchain supply-chain solution by sharing data. It’s built on the Hyperledger Fabric network and deployed in collaboration with IBM. XCEED tracks and certifies regulatory compliance of vehicle components.  Renault tested XCEED in its Douai plant and processed over a million documents with 500 transactions processed per second.  XCEED shares compliance Information between…

A Gov official in South Korea proposed the nation’s first blockchain voting platform

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On September 11, the head of the Seocho regional government proposed a blockchain-powered voting platform for residents, and praised the recent influx of crypto-related developments across the country. According to UpDown Korea, Cho Eun-hee, who is the local government leader of one of Seoul’s most affluent districts, believes that it is the “right time” to start using blockchain technology, “so any citizen can easily propose their opinions.” The official from Seocho called on the country to take on a greater role in our “rapidly changing modern society” in the wake…

Hodlers Can Earn Attractive Interests by Investing into Hodlnaut Crypto Loans Platform

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The cryptocurrency industry has been constantly evolving since Bitcoin made its first appearance over a decade ago. What started as a simple, decentralized, peer-to-peer method for value exchange has now given birth to Decentralized Finance (DeFi) movement. By leveraging the benefits of cryptocurrency’s underlying blockchain technology, DeFi offers a range of alternative financial services that are close to, if not on par with many of its counterparts in the traditional financial sector. Over time, the adoption of cryptocurrencies has increased among people. Many opt for cryptocurrencies as part of their…

Mastercard Launches Central Bank Digital Currencies (CBDCs) Testing Platform – Blockchain News, Opinion, TV and Jobs

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Today, Mastercard announced a proprietary virtual testing environment for central banks to evaluate Central Bank Digital Currencies (CBDC) use cases. The platform enables the simulation of issuance, distribution and exchange of CBDCs between banks, financial service providers and consumers. Central banks, commercial banks, and tech and advisory firms are invited to partner with Mastercard to assess CBDC tech designs, validate use cases and evaluate interoperability with existing payment rails available for consumers and businesses today. Konstantin Richter, CEO of Blockdaemon noted: “The development of Mastercard’s testing platform presents a significant…

Binance crypto exchange delists its own token on Uganda platform

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The world’s largest exchange, Binance, is delisting its own token for trading against the Uganda shilling (UGX). According to a Sept. 9 announcement, the Binance Uganda platform decided to delist and cease trading on all trading pairs for Binance’s native token, Binance Coin (BNB). The BNB/UGX trading pair will be officially removed from Binance on Sept. 17, while BNB deposits will be terminated on Sept. 10, the exchange said. BNB withdrawals will be still available on Binance Uganda till Nov. 6, Binance noted. Binance provided little information about the reasons…

Binance brings out platform for farming new assets

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The world’s largest crypto exchange Binance unveiled the Launchpool platform on Sept. 6. According to Binance, the new platform will allow users to have securely farm new assets as well as users will get new token rewards in return for staking BNB, BUSD, and other tokens. The first project in Launchpool is the Bella protocol, where users will be able to stake their BNB, BUSD, or ARPA tokens into three separate pools to farm BEL tokens over 30 days, starting from 2020/09/09 00:00 AM ( UTC). In addition, Binance will…