Ripple’s settlement system that uses a combination of blockchain and cryptocurrency technologies may be going live within the next month or so, according to a statement from a company executive. The product, which utilizes XRP to complete real-time cross border settlements, has already struck some high-profile partnerships, and many investors see it as the main…
The recent reports regarding the crypto situation in the UK indicate that the country’s government has yet to make a formal assessment of potential consequences of the changes in the value of numerous cryptocurrencies. The Consequences of Crypto Price Swings Have yet to Be Determined As cryptocurrencies continue to expand and conquer the world of…
The European Central Bank (ECB) is not issuing a digital currency any time soon, according to President Mario Draghi. He’s argued that the blockchain technology is not mature enough for such a level of responsibility and physical cash remains widely used within the monetary union. ECB Studies Potential Issuance of Central Bank Digital Currency In…
The creator of Brave Browser, Firefox, and the JavaScript programming language Brendan Each recently invited crypto research firm the London Letter to Brave Software’s downtown San Francisco headquarters for an interview. In the candid interview, Eich discusses a number of topics, including the Brave Browser, its native cryptocurrency token Basic Attention Token (BAT), how smart…
A gambling application that is based on the EOS blockchain has had a flaw in its smart contract system exploited. Hackers were able to make off with $200,000 worth of EOS due to the vulnerability. EOSBet Taken Offline Following Security Breach Those behind today’s attack exploited a weakness in one of the EOSBet platform’s smart…
Goldman 'puts brakes on crypto trading desk' (high impact) The greatest shadow cast over the market this week was from the hulk of investment banking, Goldman Sachs, which had announced months ago that it would be opening a trading desk for bitcoin futures - even appointing a head trader - only to put it on the backburner,…
The payments network Ripple could be about to pick up a large share of the Japanese currency transfer market. The firm is looking to launch the MoneyTap application with support from the SBI Ripple Asia Japanese Bank Consortium later this year. MoneyTap App Looks to Reduce Fees Associated with Traditional Money Transfer Services Although the…
Decred (DCR) was founded in 2016 by a group of former Bitcoin developers. The project is designed is designed to correct some of the inefficient governance and mining practices of PoW blockchains, and put structure and power into the hands of the Decred network’s token holding community. DCR currently trades at ~$37.50, down ~71% from…
Between Harvey, Irma, Maria, and now Florence, the United States has seen an unprecedented amount of disastrous natural disasters that have devastated communities and have left billions of dollars’ worth of damages in their wake. Ethereum’s blockchain is now potentially being used to solved many of the resulting problems. The sheer number of insurance requests…