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European Insurance Firms ahead of their U.S. Counterparts in Blockchain Adoption

August 24, 2018 by Aisshwarya Tiwari at Adoption, Blockchain, Business, News, Regulation

According to research from S&P Global Market Intelligence released on August 23, 2018, European insurance firms trump their U.S. counterparts when it comes to the business attitude towards blockchain technology. The market research agency highlighted in its report that while major financial institutions have been reluctant to imbibe cryptocurrencies in...

Kenyan Financial Institutions Looking to Integrate Blockchain Technology

August 24, 2018 by Ogwu Osaemezu Emmanuel at Adoption, Altcoins, Bitcoin, Blockchain, Finance, News, Regulation

Several banks have adopted distributed ledger technology (DLT) across the world due to its ability to help them minimize costs and maximize profit. According to a Bloomberg report on August 22, 2018, Kenyan banks are now seeking approval from the nation’s regulators to adopt the innovation, in a bid to...

The Pundi X phone at a rocking night club

Pundi X Partners with Ultra Taiwan 2018 to Offer Crypto Payments Platform

August 24, 2018 by Cindy Huynh at Adoption, Altcoins, Business, Finance, News

Ultra Taiwan 2018, one of Asia’s hottest electronic music festivals, will be the world’s first to use blockchain technology for onsite transactions according to the press release on August 20, 2018. Pundi X to Test Real-World Use of Blockchain Technology Pundi X and Ultra Taiwan 2018 have entered into an...

Blockchain Startup TimiHealth Partners with First Vitals for State of Hawaii

August 23, 2018 by Nigel Dollentas at Altcoins, Blockchain, Business, News

The blockchain-based company Timicoin announced its partnership with First Vitals as of August 17, 2018. In a world where demands from our health care providers have increased, many are turning to blockchain technology to maintain their edge. TimiHealth Chosen for Closely Aligned Values First Vitals will be using the blockchain...

Decentralized Apps Struggle to Maintain a User Base

August 22, 2018 by Eric Czuleger at Adoption, Altcoins, Blockchain, Development, Ethereum, News

Decentralized apps (Dapps) are seen as the next constellation of utility on the blockchain, but currently, many of them are having problems keeping a user base. The lion share of decentralized apps is focused on platforms for cryptocurrency speculators. It appears the users of Dapps has dropped off after its...

Monex’s Matsumoto Believes in a Japanese Future of Cryptocurrencies

August 21, 2018 by Pratik Makadiya at Altcoins, Business, Finance, Investment, News

On August 19, 2018, Oki Matsumoto, chief executive of Monex group of Japan, voiced his opinion on cryptocurrencies being the future for the finance industry. Matsumoto’s Is a Visionary With a Futuristic Approach Tokyo-based Monex marked its foray into the cryptocurrency industry via the acquisition of Coincheck, the exchange that...

Coinbase Files Patent to Boost Security For Cryptocurrency Wallets

August 21, 2018 by Cindy Huynh at Business, Finance, News, wallet

Coinbase has filed a patent concerning a new technology designed to increase the security of cryptocurrency wallets. Coinbase’s patent was filed on August 14, 2018, and has been submitted to the United States Patent and Trademark Office (USPTO). The goal is to ensure that users can make direct payments from...

Blockchain Benefits Remains Unclear For Commodity Traders

August 19, 2018 by Cindy Huynh at Blockchain, Finance, Investment, News, Regulation

The Boston Consulting Group (BCG) released a report on August 16, 2018, which outlined the complexities of implementing blockchain technology in enterprise and corporate systems. The group urged senior executives to reconsider the benefits of the innovation and assess the potential drawbacks before proceeding with the nascent technology. Blockchain’s Potential...

Wyre Ties up with MakerDAO to Offer Dai-Based Fiat-Crypto Trading Pairs

August 18, 2018 by Priyeshu Garg at Altcoins, Bitcoin, Blockchain, Business, Ethereum, Exchange, Finance, News

Wyre, the blockchain-based payment transfer company from San Francisco, has entered a new agreement with the developer of Dai to add the barely one-year-old stablecoin into its portfolio on August 14, 2018. Dependence on Speculative Cryptocurrencies Per the deal with MakerDAO, the firm that developed Dai, Wyre will roll out...

Ripple Targets China for its Blockchain Platform

August 17, 2018 by Priyeshu Garg at Adoption, Altcoins, Blockchain, Business, Finance, News

Ripple is targeting China to advance its blockchain-based payments system according to commentary from Jeremy Light, VP of European Union strategic accounts at Ripple, confirmed with CNBC on August 15, 2018. China Is a Definite Target This move is highly unlikely to promote XRP but will undoubtedly help the exploration...

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