Ripple, the major blockchain payments firm behind XRP, the third biggest altcoin by market cap, has raised $200 million in Series C led by Tetragon. Ripple, the blockchain payments firm behind XRP, the third biggest altcoin by market cap, has raised $200 million in a new funding round. Led by closed-ended investment company Tetragon, the […]
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Within the decentralized nature of blockchain technology lies a chance to avoid the financial collapse rooted in the concepts of center and power. A central bank’s role is to manage a nation’s currency, money supply and interest rates. The United States did not have a central bank until 1913, when Woodrow Wilson signed the Federal […]
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Ripple CEO Brad Garlinghouse predicts that 99% of all crypto will likely go to zero as they are not focused on real problems. As many as 99% of all cryptocurrencies will likely go to zero, according to a new prediction by Ripple CEO Brad Garlinghouse. There are too many crypto projects, says Garlinghouse In an […]
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The head of Calibra — the wallet for Facebook’s Libra stablecoin — said that the network will have better money laundering standards than most other payment networks. Calibra CEO David Marcus recently claimed that the Anti-Money Laundering (AML) standards of Libra — Facebook’s proposed stablecoin project — will be better than other payments networks. Citing […]
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The potential loss of Libra could be Bitcoin’s gain as the Facebook-led crypto project faces increasing regulatory challenges. Facebook’s dream of being a cryptocurrency giant is seemingly becoming more distant by the day, as increasing regulatory uncertainty continues to jeopardize the company’s Libra project. While Libra has been surrounded by anything but good news even […]
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Coinbase CEO Brian Armstrong says the U.S. Senate’s action to pressure Libra participants is “very un-American.” Coinbase CEO has criticized United States’ senators for asking Stripe, Mastercard and Visa to leave Facebook’s crypto project Libra. “Something feels very un-American about this” After U.S. Senators Brian Schatz and Sherrod Brown apparently pressured the payment giants to […]
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More than 200 academics and developers gathered to discuss Ripple’s developer platform and global payment network. On Oct. 3 and 4, Ripple hosted a gathering of 200 developers, researchers and graduate students at the University of California, Berkeley campus for its first annual University Blockchain Research Initiative conference. Known as UBRI Connect 2019, this is […]
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Policymakers and central banks should respond to challenges that Libra wants to solve, an ECB official says. Facebook’s Libra has pushed central banks to consider two major issues in global payment systems, an exec at the European Central Bank (ECB) said. Benoit Coeure provided his remarks at a hearing at the Committee on the Digital […]
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OCBC has become the first Singapore-based bank to join JPMorgan Chase’s interbank blockchain network. OCBC has become the first Singapore-based bank to join JPMorgan Chase’s interbank blockchain network. According to a Business Times Singapore report on Sept. 20, a total of 134 banks from the Asia-Pacific region are now participants in JPMorgan’s blockchain-powered interbank information network […]
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Germany’s largest bank, Deutsche Bank, has joined JPMorgan’s blockchain-based network, the Interbank Information Network. Germany’s largest bank, Deutsche Bank, has joined JPMorgan’s blockchain-based network, the Interbank Information Network (IIN). Two years in operation Launched as a pilot in 2017, the JPMorgan-led blockchain initiative now has a network of 320 banks that have entered the platform […]
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