Blockchain 

US Regulator Launches Investigation into Client Trades

The month of July has not been a particularly good one for cryptocurrencies, and if recent reports regarding BitMEX are to be believed, then the upcoming weekend might not be a great one either. Report Details In a sensational report from Bloomberg, it has been revealed that popular crypto exchange BitMEX is apparently being investigated by the Commodity Futures Trading Commission for allegedly allowing US residents to trade on the platform. Although US residents can trade in cryptocurrencies, the situation with BitMEX is a bit different. US residents are categorically…

Read More
Blockchain 

Walmart China Launches Blockchain Platform to Aid with Food Safety Scandals

As with cryptocurrencies, several companies are moving into the blockchain space. The latest, however, is Walmart China, which is the Chinese branch of the US supermarket chain. Here’s what we know. Walmart China Blockchain Platform: What We Know On June 25, Walmart China said it’s launched a blockchain platform that will address food safety concerns. According to the press release, the company will be working with PwC, VeChain, and other blockchain players on the ‘Walmart China Blockchain Traceability Platform.’ While the announcement came out today, the Walmart China blockchain platform…

Read More
Blockchain 

OPACITY LAUNCHES CRYPTO FILE STORAGE

HomePress ReleaseOPACITY LAUNCHES CRYPTO FILE STORAGE Opacity focuses on privacy, security, and a familiar user experience. SAN FRANCISCO, CA, June 5, 2019 — Opacity Storage, a cryptographic file storage company, today announced the release of Opacity v1.0. The new product provides anonymous online file storage utilizing a crypto token payment system and a user friendly interface. No personal data such as email, name, or payment information is ever required or stored. The new Opacity 128GB storage plan accepts payment in OPQ tokens for 1 year of storage service with unlimited…

Read More
Blockchain 

Even if Facebook Launches GlobalCoin, It’s Going to Struggle: This is Why

While not official, it looks like we’re going to see Facebook’s GlobalCoin sometime soon. And yet, if this rollout does happen, new research has indicated that the Facebook cryptocurrency will struggle to gain traction. Here’s why. Facebook’s GlobalCoin Hits Roadblock The most recent piece of news about Facebook’s GlobalCoin came out last week, on May 24. It was at this time that BBC, a UK broadcasting company, said social media giant Facebook plans to launch its cryptocurrency GlobalCoin next year, even going as far as saying the company plans to conduct…

Read More
Blockchain 

Ripple Startup Launches XRPayments App

It’s no secret Ripple has been looking for more mainstream adoption. And, based on XRPL Labs’ recent announcement, it appears XRP is on its way to achieving just that. News surfaced this week that XRPL Labs, a Ripple-backed startup, has rolled out a new payments app called XRPayments. Here’s why the app is important. XRPayments App Available on iOS and Android The launch of the app makes considerable sense. Not just because Ripple itself is trying to bring more attention to XRP, though. XRPL Labs has also been trying for…

Read More
Blockchain 

Rakuten Launches Cryptocurrency Exchange for Customers

Rakuten has begun accepting applications for accounts for its anticipated cryptocurrency exchange called “Rakuten Wallet.” The company announced that pre-registration is available for customers with Rakuten Bank, but further details as to whether the service will be available for everyone has not yet been revealed. The company previously stated that the crypto exchange will commence business in June 2019 and it will come with a mobile app that allows trading of crypto assets. New Crypto Exchange for Customers Rakuten had a revenue of $9 billion in 2018, and the decision…

Read More
Blockchain 

JPM Coin Launches | JPMorgan Launches First US Bank Cryptocurrency

The first digital currency created by a major US bank is finally here! This morning, CNBC was first to report that JPMorgan Chase has officially launched its own cryptocurrency. The first JPM Coin trial is set to launch in just a few months. JPM Coin Makes Trial Debut JPMorgan Chase moves more than $6 trillion around the world a day and soon the company will test its new JPM coin. The bank’s new digital currency will be tested to settle payments between its clients. JPMorgan’s trial will start small but it’s…

Read More
Cryptocurrency 

Philippines Union Bank Launches Crypto ATMs

One of the Philippines largest banks, Union Bank, is set to launch the first two-way crypto ATMs in the country. Union Bank Crypto ATMs Customers will be able to buy and sell cryptocurrencies for cash through the ATM. The idea is to provide an easy and accessible means for crypto to fiat conversion and vice versa. The move may help to spur on adoption for the digital asset. Union Bank said the following on the crypto ATMs: “In the bank’s continued quest to cater to the evolving needs and tastes…

Read More
Blockchain 

Blockchain Trade Finance Platform | eTrade Connect Officially Launches

A new Hong Kong-based blockchain trade finance platform has just launched this week that was developed by twelve major global banks, Reuters reported this Wednesday. The platform was developed by Canadian-based HSBC, France-based BNP Paribas, Great Britain-based Standard Chartered, and nine other major banks. Blockchain Trade Finance Platform The new platform is called eTrade Connect, and on Wednesday, HSBC said it reduced the time it takes to approve trade loan applications. Usually, these loans would take a day and a half to process, but thanks to eTrade, it has been reduced…

Read More
Cryptocurrency 

Crypto Project Carbon Launches Stablecoin CarbonUSD

Crypto project Carbon is launching its own stablecoin called CarbonUSD. According to its website: “Carbon is a price-stable cryptocurrency that is creating a more efficient and inclusive global economy.” The coin will be based on the Ethereum network and is said to be backed one-for-one by the US dollar. Its arrival comes a week after the release of two competitor stablecoins, the Gemini dollar and Paxos Standard. What’s all the fuss about stablecoins? Stablecoins Stablecoins have become a more popular crypto release of recent months. Designed to bring stability to such a volatile market, the idea behind them…

Read More