Blockchain 

BDeFi Invites Government Partnerships to Create a Singular and Global Stablecoin Platform with Integrated KYC

(November 30, 2019) – When it comes to onboarding new customers, whether by banks, financial institutions, or crypto exchanges, there is currently no one global KYC system or platform, leading to a very costly and chaotic situation. One venture, BDeFi, is working to revolutionize the global KYC system with a stablecoin-based blockchain platform. A recent global survey of crypto exchanges found that nearly 70% of these did not have a ‘complete and transparent’ KYC procedure, and only 26 percent could ensure high anti-AML procedures. The global KYC costs are around…

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Blockchain 

Ripple Upgrades Xpring Platform to Boost XRP Development

Ripple’s investment division, Xpring, has been revamped and condensed into a single site in order to further the development of its native XRP coin. The redesigned platform will now support payment integration into any mobile application. Xpring Advancing DeFi Development The new site, which can be found at Xpring.io, offers developers a wallet, new tools, technical documentation, and Xrping customer service. The upgrade was announced back in October, but Ripple needed two months to build the necessary features that will allow users to access the platform via an associated account.…

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Blockchain 

Binance Announces Tezos Support and Acquisition of Dapp Platform

Binance, the world’s second-largest crypto exchange by daily volume, has announced that it will begin supporting Tezos (XTZ) staking and also announced its acquisition of Beijing-based DappReview, which offers data-driven research and advertising services to blockchain-based decentralized applications (dapps). Beginning from tomorrow, December 4, Binance users will be able to trade with XTZ and will begin distributing XTZ staking rewards on January 20, and on the 20th of each month thereafter. The exchange said that it will not charge for the staking service, unlike rivals Coinbase and Gate.io, which charge…

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Blockchain 

Huobi to Freeze All US Accounts and Push Users to New Platform

Huobi, the popular Singapore-based crypto exchange, has announced that it will freeze all US accounts by November 13 due to the particularly stringent regulatory environment that has forced the exchange to prohibit US users. Huobi Pushes Users to New Independent Platform In a blog post from the exchange published over the weekend, Huobi has said that its user agreement expressly prohibits US-based crypto traders from using the platform in line with the laws and regulations of the US. The accounts of those users have been gradually disabled in order to…

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Blockchain 

Unveils Platform for Minting Enterprise

It goes without saying that the blockchain industry has come a long way over the last decade, and it is no wonder that an idea like that of blockchain tokens is finally taking concrete shape. In a new development that is going to cause waves in the crypto sphere, tech behemoth Microsoft announced that it is going to create a platform that is going to help create crypto tokens with ease. Microsoft has stated that creating crypto tokens is going to be made far easier through this platform, and it…

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Blockchain 

Ripple Launching XRP Third Party Developer Platform

Ripple has announced it is launching a new platform that will allow developers to integrate both fiat and cryptocurrency into any app. The platform is being developed by Ripple’s Xpring division, the investment branch of the company, and will provide developers access to a range of services such as an Xpring software development kit that allows for the integration of XRP apps in multiple programming languages. Xpring was launched in 2018 with the intention of enabling the Internet of Value, an online ecosystem allowing for the seamless movement of money.…

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Blockchain 

Binance Begins Dedicated Staking Platform to Earn Rewards

One of the most important factors behind the growth of the cryptocurrency space is the existence of mega crypto exchanges. It has made it possible for more and more people to get involved in space and the biggest one is Binance. Today, the company made another landmark announcement. The crypto exchange announced today that it has launched an exclusive staking platform and it will allow its users to earn exclusive rewards. Users will be able to store their digital coins on the staking platform, and in return, they will be…

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Blockchain 

LINE’s Crypto Platform Rolls Out for 80 Million Users in Japan

As far as the creation of a crypto platform is concerned, many of the world’s consumer-facing tech companies are looking at ways to create one. Hence, it is not a surprise that Japan’s messaging app behemoth LINE has now officially launched its own cryptocurrency exchange, Bitmax, and is all set to open up a new chapter in the country’s crypto history. Key Details Japan is a nation that has been highly encouraging towards crypto, and the regulators have helped build a strong ecosystem over the past few years. The establishment of…

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Cryptocurrency 

Deutsche Bank Joins JPMorgan’s Interbank Information Network Platform

Germany’s largest bank, Deutsche Bank, has joined 320 other banks in the JPMorgan blockchain network, the Interbank Information Network (IIN). The move aims to lower cost for Deutsche Bank, which handles a vaster amount of euro payments relative to any other bank globally. This will also enhance cross-border transactions and thus avoid the costly lag periods. IIN Platform to Enhance Cross-Border Transactions According to the bank’s head of cash management globally, Ole Matthiessen, the Interbank Information Network will allow the bank to provide customers with enhanced services. He added that…

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Blockchain 

Mastercard Teams Up with Blockchain Firm R3 for Cross Border Platform

Payment leader Mastercard (NYSE:MA) intends to expand a blockchain platform for cross-border settlements in collaboration with Ripple-backed fintech research company R3. Over the course of the past few years, the cryptocurrency space has grown at a remarkably fast rate and after the hibernation of sorts in 2018, most cryptos have been back with a vengeance this year. One thing that needs to be mentioned in this regard is the way in which some of the world’s biggest companies have now identified the true power of blockchain technology. In a new…

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