After Mizuho Financial Group of Japan, now JP Morgan launches its own Cryptocurrency ‘JPM Coin’. “We have always believed in the potential of blockchain technology and we are supportive of cryptocurrencies as long as they are properly controlled and regulated.” – Umar Farooq, JP Morgan’s head of Digital Treasury Services...
New York-based research company Fundstrat Global Advisors released its 2019 cryptocurrency growth outlook on Friday, Feb. 8. The report conclusions were tweeted by Tom Lee, Fundstratâs co-founder and, pro-crypto Wall Street analyst. In his tweet he posted an introduction to the study and a summary of key evaluation factors. âWe...
U.S. state of Wyoming introduces a bill which permits corporations to tokenize company share
World Wildlife Fund – Australia (WWF) announced today the launching of a blockchain-based application that allows anyone to track the food origins. A growing number of consumers want to know more about where the ingredients for their food come from. By using the tool – OpenSC, consumers can know exactly...
China has introduced new regulations for blockchain firms that are operating in the country. According to the CAC (Cyberspace Administration of China), the guidelines will be implemented and come into effect on Feb. 15, Source: http://www.cac.gov.cn The regulations put into effect are to promote the healthy development of blockchain technology and safeguard national...
“Stable coin âJ-Coinâ to be launched by March 2019” Mizuho Financial Group plans to issue a digital currency called âJ-Coinâ, with other Japanese banks (60 regional banks on board) that can be used for shopping and remitted at no cost, starting March 2019. About Mizuho Financial Group:It holds assets in excess of...
Ethereum Classic got hacked using a 51% attack. More than $1 million worth of ETC stolen so far. The hack was first noticed by Coinbase and alerted the community about detecting “a deep chain reorganization of the Ethereum Classic blockchain“. According to most analysts, the hack could be as a result of the...
” The 4-second transactions settlement for cross-border payments by XRP has gained a lot of traction from the market.” More and more banks are considering what Ripple has to offer for them and some of them will certainly use the cryptos to make their cross-border transactions more efficient, cheaper and...
Last month, XRP solidified its place as the second most valuable cryptocurrency asset, overtaking Ethereum. This has been as a result of increased partnership efforts, community and enterprise confidence on the cryptocurrency future. XRP in News: PwC Official Affirms Rippleâs XRP is a Great Example of âCryptocurrency Maturity’. Ripple Enters...
ÂA recurring complaint from cryptocurrency participants is the idea of applying a 72-year-old securities law to digital currencies. The U.S. Securities and Exchange Commission uses whatâs known as the âHowey Test,â a test created by the Supreme Court in 1946 for determining whether certain transactions qualify as âinvestment contracts. Under...
