Tag: adoption

A warning statement from the International Monetary Fund (IMF) ascertains the “rapid growth” of Bitcoin and other cryptocurrencies could create “new vulnerabilities” in the globe’s financial markets, as published in the IMF’s World Economic Outlook report on October 9, 2018. IMF Warns Investors The paper pointed out cryptocurrencies, such as bitcoin, XRP, ether, litecoin, and EOS, are being “examined” by…

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Ground X, the blockchain development arm of South Korean mobile platform Kakao, announced October 8, 2018, the debut of their blockchain platform “Klaytn.” Ground X Releases Platform Alongside the actual platform, Klatyn has also released tutorials and toolkits to allow blockchain developers to leverage its tech, as well as a wallet, blockchain explorer, and BLASQ, their take on an incentivized…

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A Chinese government-owned organization is developing three “blockchain standards” to govern privacy, deposits, and smart contracts made possible through the technology. The move is said to “better guide” the burgeoning local industry, reported China Money Network on October 8, 2018. Augmenting the Local Industry Li Ming, official and director of the state-owned China Electronics Standardization Institute (CESI), told local reporters…

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Eris Exchange LLC., a Chicago-based derivatives market, is opening a cryptocurrency market backed by DRW Holdings Inc. The new platform will let investors trade bitcoin, ether, bitcoin cash, and litecoin, as well as futures contracts on cryptocurrencies, the company announced in an October 3, 2018 press release. New Exchange for Digital Asset Investors and Traders ErisX, a U.S. futures exchange…

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South Korea has maintained a reasonably negative stance on cryptocurrencies and initial coin offerings (ICOs) since their blanket ban in September 2017. According to Business Korea’s article released on October 4, 2018, however, the National Assembly is looking to convince the government to remove the ICO ban as it may undermine South Korea’s future competitiveness. Ban Forces Startups to Move…

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In a bid to ensure secure information transmission, verify the authenticity of messages, and prevent fraud in the capital market, the Israel Securities Authority (ISA) has integrated blockchain technology into its systems, reported The Times of Israel on October 3, 2018. ISA Joins the DLT Bandwagon Per sources close to the matter, the ISA has announced it has successfully integrated…

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Banco Santander announced the launch of its new international payments service using blockchain-based technology on April 4, 2018. Known as “Santander One Pay FX,” it is the first Ripple-enabled mobile app for conducting payments across borders. It leverages xCurrent, the recently launched Ripple payment solution. Santander’s One Pay FX app The bank’s Head of Innovation Ed Metzger began his session…

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The Bank for International Settlements (BIS) recently released their report about the effect of regulation on the cryptocurrency market capitalization. This report reveals that in spite of their borderless nature, regulatory activities and the media cycles from which they spawn have a massive impact on cryptocurrency markets, both in the positive and the negative. Grounds for Regulation Since cryptocurrencies have…

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The price of bitcoin traded between the $6,800 to $6,400 range throughout the week, suggesting that this year’s bottom may have finally been found and that the $6,000 mark should remain a strong resistance line. Bitcoin closed the week effectively unchanged. Major market-moving news was scarce this week, but bitcoin adoption-positive headlines were made in the past seven days. Coinbase…

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While China continues to clamp down on cryptocurrencies, the nation’s oldest science and technology publication, Beijing Sci-Tech Report (BSTR), is accepting bitcoin for its 2019 subscription. According to an Asia Times article published on October 1, 2018, the BSTR began accepting cryptocurrencies because it wanted to promote blockchain technology and the use of cryptocurrencies in a practical way. First Media…

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