Depository Trust & Clearing Corporation (DTCC), a giant of financial markets infrastructure, is studying whether distributed ledger technology (DLT) could accelerate its processing of securities.
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Marco Polo Blockchain Platform Adds BNY Mellon, Credit Agricole, and MUFG
The Marco Polo consortium welcomes the Bank of New York Mellon (BNY Mellon), Japan’s MUFG, and Credit Agricole in their blockchain-based trade finance platform according to a press release by Ledger Insights dated November 26. BNY Mellon Joins Marco Polo Trade Finance NetworkMarco Polo Network keeps growing as three leading financial institutions join the network. The Bank of New York Mellon (BNY Mellon), Japan’ MUFG, and France’s Credit Agricole are now part of Marco Polo, one of the largest and fastest-growing consortia that leverages Corda distributed ledger technology (DLT) to provide innovative solutions to increase global trade efficiency.BNY Mellon will be the second US bank to join the network after Bank of America, while Credit Agricole and MUFG will enhance Marco Polo’s presence in Europe, Asia, and the Middle East. Joon Kim, Global Head of Trade Finance at BNY Mellon, acknowledges that much can be done to improve trade finance processes especially when it comes to efficiency and security. The Manhattan-based financial company will leverage the Marco Polo platform the explore the potential benefits arising from a blockchain-based solution. Moreover, BNY…
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Bitcoin Price Pushes to Clear $7,750 as Key Weekly Close Approaches
Today Bitcoin (BTC) price briefly popped above $7,700, suggesting the reminder of the weekend, along with the weekly close will provide higher than normal levels of excitement. The move to $7,708 was short lived but nearly set a higher high above Thursday’s impressive surge to $7,742. At the time of writing, Bitcoin price is trading sideways between $7,500-$7,569 as traders attempt to press the price above $7,600. Altcoins also rallied higher as Bitcoin price squeezed up to $7,700 earlier today but at the moment top movers like Ether (ETH), Chainlink (LINK) and Tezos (XTZ) are dependent on Bitcoin’s price action in order to continue their uptrends. Crypto market daily performance. Source: Coin360As shown on the 4-hour chart, Bitcoin price is pinned below $7,600 and this level also lines up with the March 12 drop candle which initiated the steep drop to $3,765. We can also see above this is the tweezer top Bitcoin price formed at $7,980 on March 11-12. As discussed in previous analysis, this is just a hair away from the 61.8% Fibonacci retracement and today and on April 23 the…
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tap, the First One-Stop-Shop Crypto App Lists on Bittrex on 23rd Dec
Following the app release, an in-principle DLT approval by the Gibraltar Financial Services Commission and an acceptance onto the STP network, tap’s token (XTP) is to become available on the Bittrex platformtap is a one-stop-shop crypto app that includes an aggregated crypto exchange (spanning several exchanges to deliver optimum prices), safe crypto storage through insured custodianship, a payment card and all the normal alt-banking features that help tap fulfil its aim to be a truly unified crypto banking solution.The listing on Bittrex is part of a co-ordinated mass roll out of the Tap project. As part of this roll out, Tap released an MTO on the STP network on 19th December, the app was made available on Google Play on 20th December and iStore on 22nd December, will list on Bittrex on 23rd December and expects to complete the in-principle approval requirements and move for a full DLT authorisation by early 2020.With an estimated 42m crypto wallet users with a monthly increase of 735k users per month from Q2 to Q3 2019* the potential market for a unified and trusted…
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Bitcoin Magazine Read – The King of Blockchains, How Bitcoin Can Become the Foundation of Web 3.0
Click to download audio version “As the crypto industry makes progress toward Web 3.0, we’ll come to realize that it’s hard to beat the security and network effects of Bitcoin.” – Muneeb Ali Another great article from Bitcoin Magazine, this one by the founder of Blockstack, Muneeb Ali, on the superior security and foundation that Bitcoin can provide to Web 3.0. How its perceived “limitations,” may be what makes it the best foundation we could have. It also sparks a long Guy’s Rant on the value of on-chain vs off-chain contracts, the doubts on the “tokenization of everything,” & why smart contracts are only as good as the token they contract in (not the other way round).This isn’t to be missed. Check out the other great stuff at Bitcoin Magazine that I won’t be able to cover, plus the original article with links to dig further in at the link below:The King of Blockchains, Bitcoin Can Become the Foundation for Web 3.0Mentioned in the episode for further Rabbit Hole Research:Szabo’s “The Dawn of Trustworthy Computing” https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_113—The-Dawn-of-Trustworthy-Computing-Nick-Szabo-e2ndr3BitcoinHalving.com 21 Hour Live Stream:…
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Craig Wright Unveils the Origin Behind ‘His’ Satoshi Nakamoto Pseudonym
Serial forger, fantasist, and the world’s most famous Faketoshi, Craig Wright, has been at it again. This time ‘proving’ that he genuinely is Satoshi Nakamoto, by sharing a timestamped document, revealing the pseudonym’s origins… Or at least holding up a blurry printout with some writing on it, during a Skype interview with a sympathetic journalist. Rather than, you know, actually proving it beyond doubt by moving some of Satoshi’s coins or something.I’m Just Gonna Leave This Lying HereAfter a brief mention of the journalist supposedly being dragged into the ongoing Kleiman court case, the interview proper, starts with an enquiry as to how Wright is doing now. “Not too bad,” he replies, before casually dropping in:I’ve just been digging up old documents. Trying to figure out what the horrible, horrible start of bitcoin was.Smooth, subtle, and certainly not shoe-horned in at all. Classic Craig Wright! He goes on to drop a reference to (Scottish economist) Adam Smith, saying that Smith was lucky because all of his notes were burnt after his death, leaving only his published works to remember him by.We then get…
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Bitcoin-Themed Manga Debuts in Japan Amid Anime Creation Crisis
A new Bitcoin-themed manga series is set to be published amid a growing interest in crypto.The series, titled “Genesis Code”, has already debuted in Japan. It is compiled by the Young Animal manga magazine and distributed by the Tokyo-based publisher, Hakusensha.The publisher released a promotional video on April 28 with the front cover of the first edition. The cover shows the manga’s hero holding a coin emblazoned with the Bitcoin (BTC) logo.The story that surrounds the manga seriesAccording to a synopsis published by the series’ official website, the story revolves around the mystery of Bitcoin’s creation. It is set in 2009; the year Bitcoin debuted.The plot centers on the story of Phantom Wolf, a hacker who recently suffered the death of his father, as he participates in a contest to solve the mystery of Bitcoin’s origin. The prize: 1 million BTC.According to the publisher, if Wolf fails in his quest to solve the mystery, there will be lethal consequences.Other participants in the adventure include a female internet live streamer, a mysterious smartphone app, and two-coworkers that will assist Wolf.Manga faces…
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HTC Says Its Exodus ‘Blockchain Smartphone’ Will Mine Monero (XMR)
Mobile phone manufacturer giant HTC will allow users to mine Monero (XMR) cryptocurrency through its blockchain phone, Exodus, according to an announcement made on April 10.The announcement said that thanks to the partnership with the ASIC chip design firm Midas Labs, the Taiwanese company would be able to mine Monero through an application called DeMiner, which will be available for download in Q2 2020.Saving costs in mining activityDue to growing concerns that cryptocurrency mining activity involves high energy consumption, and therefore high costs, HTC ensures that these levels can be reduced by transferring work to mobile devices.The application would be designed to automatically inactivate mining regardless of whether the mobile phone is in use or when the charger is not plugged.Phil Chen, decentralized chief officer at HTC, added:“Mining on mobile is an important research topic in understanding the development of secure crypto networks. The number of mobile phones in 2020 is approaching 3.5 Billion, which would further decentralize and distribute the hash rate and mining power of such crypto networks.”Crypto giant mining pools dominating the sceneThe HTC executive also claimed that…
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China Is Drafting Laws for the Circulation of National Digital Currency
Amid the coronavirus pandemic, China’s central bank has reportedly completed the basic development of the nation’s central bank digital currency. The central bank is now drafting legislation for its circulation, according to local media. A number of patents have revealed what the digital yuan will be like.Also read: 2x Bitcoin — Wanna Double Your BTC to the Moon? Forget About ItCoronavirus Pandemic Could Accelerate the Launch of China’s Sovereign Digital CurrencyChina’s central bank, the People’s Bank of China (PBOC), is reportedly closer to issuing its own digital currency, Chinese publication Global Times reported on Tuesday, citing an unnamed industry insider. The central bank, in collaboration with private companies, “has completed development of the sovereign digital currency’s basic function and is now drafting relevant laws to pave the way for its circulation,” the publication detailed. The insider elaborated:As more central banks around the world are cutting interest rates to zero or even entering negative territory to release liquidity into the market amid the coronavirus (covid-19) pandemic, China should accelerate the launch of its digital currency.The next step “involves digital currency legislation…
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Benefits of Tokenizing the European Real Estate Investment Segment |
According to an Urban Lands Institute report published in November, European property leaders have confidence in real estate as an in-demand and attractive asset class. This article looks into its dynamics in the European market and outlines a technology solution that decentralizes the power to invest and other key use cases.In an investment condition that is affected by artificially low-interest rates due to the European Central Bank’s (ECB) monetary policy, the risk of having to buy stocks, investing in potentially low-yield bonds and delicate geopolitical events, European real estate is thought to be a safe haven for one to diversify investments.Even in the wake of a possible rise in construction costs, uncertainty, and the Brexit effect, retail and institutional investors, have more faith and are bound to put their money in real estate projects into the new year.Real estate projects in Europe, and generally in all regions, demand a high capital outlay. Sources of these funds can range from commercial bonds, debentures, equity shares, and property presales. These types of funding can only be accessed by an investment firm that…
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Crypto Exchange Coinbase Pro Is Adding Support For Orchid Trading
Major American cryptocurrency exchange Coinbase is adding support for Orchid (OXT) on its professional trading platform Coinbase Pro.According to a blog post published by Coinbase on Dec. 12, Coinbase Pro will start accepting OXT deposits starting Friday, Dec. 13, “for at least 12 hours prior to enabling full trading.” The company also noted:“Once sufficient supply of OXT is established on the platform, trading on the OXT/USD order book will start in phases, beginning with post-only mode and proceeding to full trading should our metrics for a healthy market be met.”As the company has done in the past, Coinbase Pro will ramp up to full OXT trading in four steps: transfer-only, post-only, limit-only and finally full trading. Coinbase also notes that OXT is not yet available on Coinbase.com, or via its mobile apps, but pointed out that it will make a separate announcement if and when this functionality is added.Support for OXT not available everywhereThe crypto exchange also added that not everyone will be able to enjoy the new features. According to the announcement, OXT will be immediately available in Coinbase’s supported…
