A linkup of the banks’ respective blockchain-based platforms enabled a payment without an intermediary. The central banks of Singapore and Canada have successfully used their blockchain networks to send each other digital currency, a joint press release confirmed on May 2. As part of the distributed ledger technology (DLT) projects being pursued by both banks, […]
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Over the past three years, the Dutch central bank faced a number of issues in applying blockchain in payments. The Netherlands’ central bank will continue to experiment with blockchain, but its to-date findings are “not that positive,” according to the bank’s director of payments. Finance publication The Banker reported on the comments on May 1. […]
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Volatility in crypto prices have been regarded as a big hurdle for mainstream adoption. Stablecoins could be a way of eliminating such erratic fluctuations. Can stablecoins achieve true decentralization? Certain providers believe they have struck a compromise. Some stablecoin advocates are concerned that pegging a cryptocurrency directly to the U.S. dollar means that it must […]
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There has been a 47% rise in cross-border payments from U.S. crypto exchanges to offshore exchanges since early 2017. There has been a 47% increase in the number of cross-border payments from United States crypto exchanges to offshore exchanges since early 2017, posing an ostensible quandary for regulators. The data was reported in the latest […]
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JPM is planning to widen the use of its blockchain system. On April 21, it was revealed that JPMorgan Chase (JPM), the United States’ largest bank with over $2.62 trillion in assets, is planning to widen the use of its blockchain system. Specifically, JPM is adding new features to its Interbank Information Network (IIN), which […]
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Ripple sold $169.42 million worth of XRP in Q1 2019, up over 31% from the preceding quarter. Ripple sold $169.42 million worth of XRP in Q1 2019, up over 31% from the preceding quarter, the company’s latest quarterly XRP Markets Report revealed on April 24. While the $169.42 million figure represents a 31% increase in […]
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Blockchain solutions spending in Asia/Pacific excluding Japan (APEJ) is forecast to hit $2.4 billion by 2022. Blockchain solutions spending in Asia/Pacific excluding Japan (APEJ) is forecast to hit $2.4 billion by 2022, according to an April 23 report from United States-based market research firm International Data Corporation (IDC). IDC’s Worldwide Semiannual Blockchain Spending Guide provides […]
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Hbus, the operator of the United States-based crypto exchange Huobi.com, has today launched three trading pairs for XRP. Hbus, the operator of the United States-based version of major crypto exchange Huobi.com, has today launched three trading pairs for XRP. The news was announced in a press release shared with Cointelegraph on April 18. According to […]
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Major American cryptocurrency exchange and wallet provider Coinbase has expanded its crypto-to-crypto trading to more countries. Major American cryptocurrency exchange and wallet provider Coinbase has expanded its crypto-to-crypto trading to more countries, according to a blog post published on April 17. Coinbase and its professional trading platform Coinbase Pro have introduced crypto-to-crypto conversions and trading […]
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Coinbase’s professional service Coinbase Pro has announced support for EOS Augur, and Maker. Coinbase Pro, the professional offering of major American crypto exchange and wallet service Coinbase, has added support for EOS (EOS), Augur (REP) and Maker (MKR). The development was announced in a blog post on April 8. The post states that the platform […]
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