Month: October 2018

Today, on October 31st, 2018 — a date that many decentralists have been clamoring for — Bitcoin, the world’s first internet-connected autonomous network, has officially reached the youthful age of 10. While Bitcoin has been lauded as a resounding success in recent years, initially, as covered in this series’ previous edition, “Bitcoin Turns 10: A Blast To The Past,” Satoshi had trouble jump starting his brainchild. However, as Bitcoin began to garner support from the fringes of the internet in 2010, Read more …

“It appears to be a replacement for the entire ACH system of banking.” Taariq Lewis, the founder of multiple blockchain startups and the SF Cryptocurrency Devs engineers meetup, sent that note with an attached white paper to CoinDesk in early August. “It’s really strange,” he said. “We received a copy of the white paper attached, anonymously. We’re not sure who wrote it, but it looks interesting.” The U.S.’s Automated Clearing House (ACH) network has been the in the cryptocurrency and Read more …

Twitter Facebook Much like an old house that comes to be inhabited by the spirit, who, though no longer living, nevertheless has unfinished business on earth, JPMorgan CEO Jamie Dimon is haunted. However, unlike the protagonists in the films that will inevitably trend on Netflix this evening, Dimon’s spectre is primarily technological, not paranormal, for the investment banking titan is haunted by bitcoin. Despite his frequent, often loud protestations that he does not care about bitcoin and does not indent Read more …

The evolution of key industries have been historically driven by groundbreaking technological innovations that leave an indelible mark on society. The printing press led to the scientific revolution, the discovery of electricity brought light to the world, radio waves changed the way information was delivered to the masses, and the internet completely overhauled the way we communicate and interact with information. In the same vein, over the short space of a decade, Bitcoin has had a similarly disruptive and innovative Read more …

The Daily In this edition of The Daily, we cover Nexo’s recent decision to pay interest on stablecoin holdings, as well as a project by two Swiss cryptocurrency companies to offer exchange and custodial solutions for financial institutions that handle digital assets. We also look at Bitfinex’s newly updated app for “on-the-go” traders.  Also read: Security Startup Raises $30M, Crypto Used to Fight Plastic Pollution Nexo Announces 6.5 PercentInterest Rate on Stablecoin Holdings Nexo, a cryptocurrency loans service, said this week Read more …

Twitter LinkedIn Facebook Ripple’s XRP was among the best performing cryptocurrencies in September. But the bullish sentiment hasn’t sustained well this month. The XRP-to-USD pair has recorded a 24 percent monthly loss as October heads to a close, falling from 0.5831-fiat to 0.4400-fiat. The coin got sold off to the tune of over $7 billion, despite being surrounded with strong fundamentals all month long. That includes the launch of the xRapid system, new partnerships with Viamericas, Moneytenint, and National Bank of Kuwait, and Read more …

The Hong Kong Stock Exchange (HKEX) has teamed up with distributed ledger startup Digital Asset to develop a blockchain platform for post-trade processing. The two firms are exploring the development of a blockchain-powered platform for HKEX’s Northbound Stock Connect program, a spokesperson for HKEX told CoinDesk. The news comes after HKEX revealed in March that it was looking to follow the Australian Securities Exchange (ASX) in putting settlement transactions on a blockchain-based platform. Notably, Digital Asset is also developing that platform as Read more …

“Big Four” auditor Ernst and Young has launched the prototype of a system that enables secure and private transactions to take place on the Ethereum (ETH) public network, according to a press release Oct. 30. The system, dubbed EY Ops Chain Public Edition (PE), uses zero-knowledge proof (ZKP) technology, an alternative algorithm for authenticating distributed ledger entries, in which transacting parties provide proof of validity, but all other information remains encrypted, including their identities. The prototype is aimed at enterprises Read more …

Major U.S. cryptocurrency exchange and wallet provider Coinbase will not perform an initial public offering (IPO) “any time soon,” the company’s President and COO Asiff Hirji told Bloomberg today, Oct. 31. Speaking to Bloomberg TV, Hirji, who himself was the first to hint about the potential for an IPO in 2017, said that while the company would go public “at some point,” it was “not even close to the top” of its list of priorities. He confirmed to reporters today: Read more …

An unlikely story of partnership between old and new is unfolding in Australia as Australia Post, the country’s 209-year-old “snail mail” delivery service is using digital identification technology to enable cryptocurrency exchanges to carry out KYC checks in a matter of minutes, thereby vastly simplifying the process of purchasing crypto in Australia. Using Australia Post’s ‘Digital iD‘ service, Australian crypto buyers no longer have to spend days waiting for exchanges to verify their uploaded identity documents and photos before permitting Read more …

Two major Brazilian banks have reopened the banking accounts of one of the local crypto exchanges experiencing banking issues recently, local crypto outlet Portal do Bitcoin reports Wednesday, Oct. 31. The preliminary decision to reopen accounts in major banks Banco do Brasil and Santander Brasil for local crypto exchange Bitcoin Max was granted by the Federal District Court. The  judge ruled that the mentioned banks failed to notify the exchange of account closure, which was treated as “abusive conduct” violating Read more …