Monthly Archives: May 2019

Hyperledger Rolls Out Suite of Blockchain Tools for Interoperability

Hyperledger has introduced a set of tools dubbed “Hyperledger Aries” aimed at interoperability of different types of blockchain-based data. Hyperledger has introduced a set of tools dubbed “Hyperledger Aries” aimed at interoperability of different types of blockchain-based data. The company announced the development in a blog post on May 14. Hyperledger Aries is a set of tools that purportedly enables the exchange of blockchain-based data, supports peer-to-peer (P2P) messaging and facilitates interactions between different blockchains and other distributed ledger technologies. Per the post, Hyperledger rolled out the […]

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BitGo Announces New Settlement System for Institutional Clients

Blockchain security company BitGo is launching a new service for institutional clients: a clearing and settlements system that operates off-chain. BitGo announced this new service in a press release on May 14, 2019, describing some of the features that this new system will have. Assets “never need to leave custody,” according to the announcement, and “counterparty risk is minimized” with BitGo acting as custodian for both sides of any deal. BitGo expects its in-house clearing and settlements service to make arranging such deals more convenient. For example, […]

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Cryptocurrency Exchanges Are Cleaning up Their Act

Ask a dozen crypto traders for the reason behind the recent rally and you’ll get a dozen different theories. Bakkt futures, Microsoft building on Bitcoin and Whole Foods accepting crypto have all been cited as fueling the bull market that’s broken out. While these factors have certainly helped, there’s a less documented reason why the crypto market has renewed confidence: exchanges have cleaned up their act, turning what was once a hostile battleground into an arena that’s fit for purpose. Also read: How to Send Bitcoin Cash […]

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Ripple Exec: Blockchain, Crypto Will Have a Role in US Tech Independence

Ripple’s Ryan Zagone said that digital currencies and blockchain are being recognized as a part of the United State’s tech independence. Technology needs to be a national issue for the United States, with digital currencies and blockchain to be recognized within that goal, according to Ripples’ Director of Regulatory Relations Ryan Zagone, at the Consensus 2019 conference on May 14. Zagone stated that technology needs to be a national security issue for the U.S. to ensure that the country is the leader and is not reliant on […]

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US SEC Delays Decision on Bitwise Bitcoin ETF, Seeks Public Comment

The U.S. SEC has again delayed its decision on crypto index fund provider Bitwise’s bitcoin ETF application, soliciting the public for comment. The United States Securities and Exchange Commission (SEC) has again delayed its decision on cryptocurrency index fund provider Bitwise Asset Management’s bitcoin (BTC) exchange traded fund (ETF). The development was revealed in a filing published by the SEC on May 14. In the recent filing, the SEC revealed that it has delayed its decision on whether to approve or disapprove Bitwise’s ETF, and also requested […]

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Bank of France is Closely Watching Stablecoin Developments, Says Governor

The Bank of France’s governor Francois Villeroy de Galhau says they are monitoring stablecoins “with great interest.” The Bank of France has taken an interest in stablecoins, as indicated by the bank’s governor Francois Villeroy de Galhau in a Bloomberg report on May 14 . Villeroy has said that the bank is “observing with great interest” growing networks that allow members to exchange stablecoins for tokenized securities, goods, and services. He makes a point to distinguish stablecoins from cryptocurrency tokens at large, however, saying that stablecoins “are […]

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Three French Banks Join R3 Corda Blockchain-Based Loans Platform

BNP Paribas, Natixis, and Societe Generale have joined Finastra’s syndicated lending platform Fusion LenderComm. British financial software firm Finastra has signed three global banks on its R3 Corda blockchain-based syndicated loans platform, the firm officially announced on May 14. France-based banking institutions BNP Paribas, Natixis, and Societe Generale have officially joined Finastra’s syndicated lending platform Fusion LenderComm, following previous pilots back in 2017. Based on blockchain consortium R3’s open source blockchain platform Corda Enterprise, Finastra’s Fusion LenderComm reportedly enables banks to instantly share credit agreements, accrual balances […]

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Our Value of Money Is Subjective But That Doesn’t Make It Meaningless

In my last op-ed, I discussed how the value we place on items and goods is subjective based on Carl Menger’s Subjective Theory of Value and how these concepts apply to people’s perception of value with things like fiat, gold, and bitcoin. The post outlined the idea that money cannot serve as a store of value, even though a lot of people and modern economists today still believe that it does. However, even though value cannot be stored in a sense, it doesn’t make the value we […]

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Some Major Coins Still Making Gains, Others Trade Sideways as Oil Reports Mixed Signals

Bitcoin continues to trade near $8,000, with other top 20 cryptocurrencies reporting mixed signals. Tuesday, May 14 —  Yesterday’s rally in cryptocurrency markets has slowed, with the top 20 coins by market capitalization reporting mixed signals, according to Coin360. Market visualization from Coin360 After breaking the $8,000 threshold yesterday, the leading cryptocurrency bitcoin (BTC) has been holding its ground, having gained 2.85% over the past 24 hours and is trading at $8,004 at press time. As reported earlier today, the bitcoin mining hashrate is becoming more distributed […]

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Floyd Mayweather and DJ Khaled Escape Lawsuit Brought by Defrauded ICO Investors

Floyd Mayweather and DJ Khaled had been involved in promoting Centra Tech’s fraudulent initial coin offering. High-profile boxer Floyd Mayweather and music producer DJ Khaled have been dismissed from a lawsuit brought by investors in a fraudulent initial coin offering (ICO,) according to a court document filed on May 13. The celebrities had been involved in promoting Centra Tech’s ICO — but a judge has ruled that the investors who brought the legal action failed to prove they bought tokens as a direct result of the pair’s actions. […]

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