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US Banks Can Now Hold Reserves for Stablecoins

September 22, 2020 Business, News, Regulation, Regulations, Stablecoins Eddy 0

The crypto community saw a glimmer of hope for mass adoption when the Office of the Comptroller of the Currency (OCC) announced through a public letter saying that US banks are legally allowed to assume the role of crypto custodians for its customers back in July. Now, the OCC has released a second public letter […]

Creator of CryptoKitties Partners with Circle on Flow Blockchain & Dapps

September 21, 2020 Blockchain Tech, Blockchain Technology, Business, News, Partnership Eddy 0

Dapper Labs, the creative minds behind the popular CryptoKitties launched back in 2017, has partnered with global fintech firm Circle to facilitate improved payments for digital collectibles purchases online by providing debit and credit card payment options. As digital collectibles such as CryptoKitties, for example, can only be paid for via cryptocurrency which requires users […]

The Uniswap Effect: UNI Listed on Major Exchanges Within 24 Hours of Launch

September 18, 2020 Blockchain Tech, Business, Cryptocurrency Exchange, DeFi, News Eddy 0

UNI tokens were launched yesterday on September 17, and the world’s largest cryptocurrency exchange platform Binance snapped the token up immediately on the same day, announcing both the UNI token listing and also UNI/USDT perpetual contracts on the Binance Futures platform. Other major exchanges have been quick to jump on the bandwagon as well for […]

WarnerMedia Steps into World of Blockchain Gaming with New Platform

September 17, 2020 Blockchain Tech, Business, News Eddy 0

Film, media and entertainment juggernaut WarnerMedia is making its foray into the world of blockchain gaming with its subsidiary company Turner Sports, which oversees several major sports broadcasting channels such as TNT, TruTV and TBS, and also major online media platforms for basketball and golf. It is launching Blockete Games, a blockchain-based platform where users […]

Sushiswap Community Votes on New Protocol Changes; Uniswap Catches Up

September 14, 2020 Blockchain Tech, Blockchain Technology, Business, DeFi, Fintech News, News Eddy 0

Sushiswap took the crypto world by storm two weeks ago with its market capitalization surging to a high of more than $1.4 billion, usurping the market’s largest decentralized exchange Uniswap then in the span of a few days. It rode on the immense success Uniswap achieved, then added its own twist by offering larger pools […]

LINK & BCH Lose Their Spots on Ranking List; BNB & DOT Take Over!

September 14, 2020 Altcoins, Business, Investment News, News Eddy 0

It was not too long ago when top DeFi token by market capitalization, Chainlink (LINK), overtook not only Cardano (ADA) and Bitcoin Cash (BCH) in sixth and fifth positions respectively to place fifth on the Top 100 cryptocurrency tokens list. LINK has experienced consistent growth throughout the year and remained unfazed even through last week’s […]

Band Protocol Partners Velo Labs, Focusing on Digital Credit Issuance and Cross-border Payment in Asia-Pacific

September 13, 2020 Blockchain Tech, Business, News Eddy 0

Band Protocol (BAND), the blockchain data oracles protocol has announced the partnership with Velo Labs, the Stellar-based financial protocol, to build borderless and trustless federated credit exchange. Using BAND’s oracles will ensure the security and trustworthiness of price feeds for real-time international settlements. “Velo Labs is building a low-cost and instantaneous financial solution to bring […]

50,000 USDT Transactions Per Second Now Possible on Solana Blockchain

September 11, 2020 Blockchain Tech, Business, News Eddy 0

Tether (USDT), the largest stablecoin in the crypto market by far in terms of market capitalization, has just launched on the Solana blockchain. According to a press release, USDT transactions can be processed at higher speeds but with a fraction of typical transaction costs. Solana works on an unique Proof of History mechanism which allows […]

Bitmain Introduces Smaller 5NM Chip with New Mining Rigs; Miners Are Not Convinced

September 10, 2020 Business, Mining, News Eddy 0

Major Bitcoin mining chip and equipment manufacturer based in Beijing, Bitmain, revealed that it will be using 5nm chips in the newest generation of mining rigs, instead of 7nm, 8nm or 12nm larger chip sizes. The announcement has elicited some criticism from Bitcoin miners who are concerned about a decrease in mining capacity and efficiency […]

Banks Can Now Test CBDCs with Mastercard’s Newly Launched Virtual Platform

September 10, 2020 Blockchain Tech, Business, CBDC, Fintech News, News Eddy 0

According to a press release, Mastercard has launched a Central Bank Digital Currencies (CBDCs) Testing Platform, facilitating banks’ pilot programs by allowing them to first assess the usability of the CBDC design or strategy in a simulated CBDC ecosystem. Rolling out this platform is opportune as a majority of banks across the globe have started […]

Tag: Business