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ADX Partners with Equichain to Provide Better Services Using Blockchain Technology

June 2, 2018 by Pratik Makadiya at Blockchain, Business, Finance, News, Tech

Abu Dhabi Securities Exchange (ADX), has signed a pact with Equichain, a UK-based financial technology company, to see how best to use blockchain technology to bring efficiency to operations of the capital markets. Slicing Intermediary Layers As reported on The National, the aim of introducing blockchain technology to its workflow...

Someone Sent $99 Million in Litecoin, Costing Just $0.40 in Fees

One Arrow, Two Kills: Litecoin Announces Two Major Developments on May 31

June 2, 2018 by contributor at Altcoins, Business, News, Tech

Litecoin was on a roll on May 31, 2018, as the project’s founder, Charlie Lee, ecstatically tweeted about two major developments for the digital currency; firstly, a major platform upgrade and secondly, TapJets’ adoption of litecoin payments. Litecoin v0.16.0 Launched Announced on its official blog, Litecoin released its much-awaited Litecoin...

What is GameCredits and Is It a Good Investment?

June 1, 2018 by Alex Lielacher at Altcoins, Bitcoin, Blockchain, Business, Cryptocyclopedia, Ethereum, News, Tech

The crypto asset investment universe has grown into a $330 billion asset class that is composed of a wide range of different digital currencies and tokens. The variety of digital assets is one of the most alluring factors of this new digital asset class. There is indeed something for everyone...

Rural Banks in the Philippines use ConsenSys Ethereum Blockchain System to Facilitate Real-time Transactions

Rural Banks in the Philippines to use ConsenSys’ Ethereum Blockchain System to Facilitate Real-time Transactions

June 1, 2018 by Ogwu Osaemezu Emmanuel at Blockchain, Business, Finance, News, Tech

On May 27, 2018, ConsenSyS announced the selection of five rural banks in the crypto-friendly Philippines to try out its blockchain-based real-time payments solution. Banking the Unbanked The Union Bank of the Philippines has joined forces with the ConsenSyS blockchain startup to change the faces of five rural banks in...

South Africa’s Sygnia Joins the Bitcoin Bandwagon, Set to Launch Own Cryptocurrency Exchange

May 31, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Business, Finance, News, Regulation

The African continent is not ready to occupy the back seat in the blockchain and cryptocurrency revolution, as several firms in the region are contributing their bit to the crypto movement. On May 25, 2018, Johannesburg-based Sygnia investment firm has hinted it's starting a blockchain-powered virtual currency exchange by the...

First Bank in Kuwait to Test Ripple Blockchain to Process Instant Global Payments

May 31, 2018 by Joseph Young at Altcoins, Blockchain, Business, Finance, News, Tech

Kuwait Finance House (KFH), the first commercial bank in the State of Kuwait established in 1977, announced on May 26, 2018, that it has begun testing Ripple’s blockchain protocol to settle instantaneous global payments and remittances in a decentralized manner. More Partners, More Momentum The deal between KFH and Ripple...

UNOPS Collaborates with IOTA to Adopt Blockchain’s Transparency Features

May 30, 2018 by contributor at Altcoins, Blockchain, News

The IOTA foundation announced a collaboration with the United Nations Office for Project Services (UNOPS) on May 24, 2018, to facilitate the latter’s push to implement blockchain technology in its administrative systems. UN’s Blockchain Push The UNOPS looks to increase the operational efficiency for United Nations (UN) offices across the...

Interview with Stephen Xu of QTUM and Co-Founder of DREP

May 26, 2018 by Kieran Smith at Altcoins, Blockchain, Business, Commentary, Interviews, News, Tech

After his recent departure from QTUM, Stephen Xu shared his thoughts with BTCManager on the challenges facing the blockchain space, the China ban and the future of cryptocurrency. A graduate of the University of Chinese Academy of Sciences, Stephen Xu is a veteran in the blockchain space, and also worked...

German Stock Exchange Ponders Offering Bitcoin Trading to Clients

May 26, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Business, Ethereum, Finance, News, Regulation

Even with the reign of the bear market, it seems more and more financial institutions are seriously looking to join the bitcoin train. On May 24, 2018, Frankfurt-based Deutsche Borse AG has hinted it's weighing the possibility of offering clients bitcoin and other crypto-related products. Fighting the Bitcoin Bug According...

Small Lenders Reap Big from Wall Street’s Decision to Shun Cryptocurrencies

May 26, 2018 by Priyeshu Garg at Altcoins, Bitcoin, Business, Finance, News

A considerable number of small banks are riding the cryptocurrency wave and getting more business from the industry. Specifically, business comes from trading exchanges that need to support fiat deposits and withdrawals for customers. New Opportunities Previously, the bank Silvergate focused on serving local businesses within San Diego, California. However,...

Major Natural Gas Company in the Czech Republic Adopts Bitcoin Payments

May 26, 2018 by Rahul Nambiampurath at Bitcoin, Business, Finance, News

The Czech Republic’s largest natural gas company Prazska Plynarenska announced that it would soon begin accepting payments in bitcoin. Clients will have the choice to pay their monthly dues in cryptocurrency as well as fiat currency. From local media reports, it seems as if the company is attempting to modernize...

Bank of China to use Blockchain Technology to Improve Poverty Reduction Efforts in Tibet

Bank of China to use Blockchain Tech to Improve Poverty Reduction Efforts in Tibet

May 25, 2018 by Cindy Huynh at Blockchain, Business, Finance, News, Tech

The Bank of China will use blockchain technology to alleviate poverty in the Tibet Autonomous Region, a province with a high poverty rate of 12.4 percent, in comparison to the national average in China of 3.1 percent. How the Blockchain Can Reduce Poverty According to China Money Network, the Bank...

Walmart Submits Patents for a Behavior-Monitoring Blockchain

Walmart Files Patent for Blockchain-Based Resale Marketplace

May 25, 2018 by Pratik Makadiya at Blockchain, Business, News, Tech

According to the patent filing published by the US Patent and Trademark Office (USPTO), mega-retailer Walmart Inc. has filed a patent for a blockchain-based resale marketplace that would allow consumers to sell previously purchased Walmart products on the resale platform. Walmart Leverages Blockchain Technology to Gain an Edge Over Rivals...

Overstock’s tZERO and BOX Digital Eye First Security Token Exchange

May 25, 2018 by Priyeshu Garg at Altcoins, Bitcoin, Blockchain, Business, Finance, News, Regulation

On May 22, 2018, Overstock subsidiary tZERO teamed up with BOX Digital Markets to launch the industry’s first security token exchange. The two have entered into a letter of Intent to form an exchange for the listing of publicly traded security tokens. BOX Digital and tZERO Joint Venture tZERO has...

OpenNode Brings Lightning Network to Everyday Bitcoin Transactions

May 25, 2018 by contributor at Bitcoin, Business, News, Tech

The only thing missing in the digital currency space was a payment processor that was powered by the acclaimed Lightning Network. To this effect, the introduction of OpenNode satisfies that need and being the first of it’s kind, and it indeed looks like a promising innovation. OpenNode’s Features A platform...

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