Former employees of JPMorgan, Intel, and TrustToken launched a new US dollar-backed stablecoin, dubbed the USDD. The Global Currency Organization (GCO) is launching a new U.S. dollar-backed stablecoin, dubbed the USD Digital (USDD). In an Oct. 1 press release shared with Cointelegraph, the GCO announced the launch of the USDD, a new stablecoin pegged to […]
Continue Reading
Major cryptocurrency exchange Binance’s latest research supports the theory that the launch of institutional trading platform Bakkt partly caused Bitcoin to drop 20%. Major cryptocurrency exchange Binance’s newest research supports the theory that the launch of institutional trading platform Bakkt partly caused Bitcoin to drop 20%. In the latest edition of its markets overview, Binance […]
Continue Reading
What problems might blockchain face leading up to Libra’s launch and how can they be solved prior to Facebook’s entry into the crypto space? Many people have heard of blockchain technology, but few know what to make of it. Some people will tell you that it’s the next big thing, poised to disrupt almost every […]
Continue Reading
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 […]
Continue Reading
Public authorities across the globe continue to press Libra, central banks argue that the stablecoin will threaten sovereignty. Public authorities across the globe continue to press the developers of Libra, Facebook’s proposed stablecoin-like digital asset. On Sept. 16, Libra representatives met with the Committee on Payments and Market Infrastructure (CPMI), a part of the Bank […]
Continue Reading
A new investigation is focusing on thousands of illegal moves by the bank’s precious metals desk over an eight-year period. The United States’ largest bank faced fresh ridicule from Bitcoin (BTC) circles this week after prosecutors said traders had conducted more market fraud. As Bloomberg reported on Sept. 16, JPMorgan Chase is facing an inquiry […]
Continue Reading
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 […]
Continue Reading
Mike Kennedy, founder of digital payments network Zelle, joins Stellar-focused crypto development company Interstellar as its new CEO. Stellar-focused (XLM) crypto development company Interstellar appointed the founder of digital payments network Zelle Mike Kennedy as its new CEO. On Sept. 12, the company announced the appointment in a Medium blog post. Stellar as an international […]
Continue Reading
Experts in blockchain technology and crypto take on the question: What should happen to say that cryptocurrency mass adoption has started? Since its inception in January 2009, Bitcoin’s (BTC) popularity has been increasing, peaking in December 2017 when the leading cryptocurrency’s price hit record highs around $20,000 per coin and dropped back down. After 10 […]
Continue Reading
JPMorgan analysts say Libra could face gridlock in periods of network stress and that this could have “serious macroeconomic consequences.” The new breed of stablecoins led by Facebook’s Libra could be vulnerable to failure in periods of network stress. According to an analysis from JPMorgan released on Sept. 5, they lack the short-term liquidity of […]
Continue Reading