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USDX Wallet: Lightning-Fast, No-Fee, Crypto-Based Payment System

Advertisement This is a submitted sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. Stablecoins have been a hot topic in 2018, and many different companies are creating cryptocurrencies for P2P payments. The USDX Wallet payment system stands out from these overly complicated and undeveloped projects by delivering rapid and secure transactions with the ease of sending a text. Whether you are depositing money, organizing international money transfers, paying salaries, or making non-cash transactions, this digital payment system is a secure and reliable choice. As a blockchain-based wallet, USDX Wallet guarantees multi-level security for all transactions and instant transfers of assets via a phone number. The native blockchain used by USDX is based on BitShares, and it allows 100,000 transactions per second. For reference, that is the speed of Visa and Mastercard — combined. Many of th..

$16 Million Raised By Activision Alums For EOS-based Game Studio 

The EOS Blockchain is one of the few third generation blockchains that can compete with Ethereum. Because it is cheaper to use and more scalable that Ethereum, developers are beginning to build on it. A next generation gaming studio known as Mythical Games focused on online games that give players the power to own assets that they get while playing the game, has just decided to build on EOS. This is done through digital ownership that is powered by the blockchain. There will be no need for centralized servers like there are in other games not based on the blockchain. Centralized Vs Decentralized Games If a player acquires assets while playing a centralized game like Ultima Online, World of Warcraft or Runescape, they will have to hope that the company servers remain online for them to enjoy their assets. However, because of the decentralized nature of the blockchain, games built on it will remain in operation and the assets will retain their value for as long as the user wants. Transf..

Microsoft Releases Cloud-Based Azure Blockchain Development Kit

U.S.-based tech giant Microsoft has launched a serverless blockchain-powered development kit for consortium environments. American software corporation Microsoft has released a serverless blockchain-powered Azure development kit, according to an announcement published Nov. 15. The new product dubbed the “Azure Blockchain Development Kit” purportedly improves the capabilities of Microsoft’s Azure Blockchain Workbench. It contains features like off-chain identity and data, monitoring, and messaging application programming interfaces (API) in a format that can be used to develop blockchain-based apps. Per the blog post, the initial release will focus on three core objectives, such as “connecting interfaces, integrating data and systems, and deploying smart contracts and blockchain networks.” The product will purportedly enable individuals, organizations, and devices to connect to a blockchain via user interfaces. Microsoft says that the development kit includes SMS and voice interfaces, ..

Major Russian Art Gallery Tretyakov Launches Blockchain-Based Art Patronage Project

The prestigious State Tretyakov Gallery in Moscow is launching a blockchain-based art patronage scheme. The prestigious State Tretyakov Gallery in Moscow, Russia, is launching a blockchain-based art patronage scheme, Russian news agency TASS reports Nov. 15. The project, dubbed “My Tretyakov,” allows individuals or enterprises to make a private donation to contribute to the digitization of an item from the gallery’s collection, thereby become the artwork’s patron. The system, developed with business innovation collective RDI Digital, uses blockchain technology to assign and manage the patronage structure. According to a press statement from the gallery: "The donation amount is still under discussion. The system randomly selects which storage unit (electronic copy of an object of art) will be considered digitized using this cartridge, and links the name to the object. The connection of the name or company name to the digitized exhibit is fixed using blockchain technology[.]” A presenta..

$5 Trln FX Settlement Giant CLS to Launch Blockchain-Based Netting Service...

Forex exchange settlement giant CLS will launch its IBM blockchain-powered netting service within “a matter of days.” Forex exchange (FX) settlement giant CLS will launch its IBM blockchain-powered netting service within “a matter of days,” according to Chief Strategy Officer (CSO) Alan Manquard. The CSO made the announcement at the IBM Think Tank conference in London Nov. 14, as reported by tech news source Computer Business Review (CBR). CLS Group, which reportedly settles on average $5 trillion in payment instructions daily, is a U.S. FX settlement service supplier with high-profile members that include Goldman Sachs, JPMorgan, Barclays, and Citigroup. A netting service entails offsetting and determining the value of multiple positions or payments that are due to be exchanged between parties, accounting for factors such as the currency volatility caused by differences in time zones. In such cases, the service is used to fix the remuneration a given party is owed. Manquard reportedl..

Swiss Stock Exchange: Blockchain-Based Exchanges Will Replace Traditional Ones in 10...

Swiss stock exchange SIX, which is set to launch a blockchain-powered platform in mid-2019, believes digital exchanges will replace traditional ones in a decade. Digital exchanges based on blockchain technology will completely replace traditional ones in ten years, Thomas Zeeb of Swiss leading stock exchange SIX told Reuters Wednesday, Nov. 14. “The existing system could be completely replaced by the digital exchange in about 10 years,” said Zeeb, who is leading the securities and exchanges department at SIX. “The moment that brokers, banks, insurance companies and big asset managers really see the cost advantages [of blockchain], they’ll move relatively quickly,” he further added. Zeeb talked to Reuters in the wake of the launch of SIX’s own digital exchange (SDX), scheduled to start working in mid-2019. As soon as the legal issues with the Swiss government and the country’s financial market regulator (FINMA) are clarified, the company is going to offer trading in selected stocks, fo..

Huobi’s US-Based Strategic Partner HBUS Hires Former Exec of VC Firm...

Crypto exchange Huobi’s U.S.-based strategic partner HBUS has hired former VC director of Draper Athena as VP of Corporate Development. HBUS, the strategic partner of top crypto exchange Huobi, has hired a former executive of venture capital (VC) firm Draper Athena, according to a press release shared with Cointelegraph Nov. 13. The HBUS trading platform, which currently employs around 40 people in their headquarters in San Francisco, has officially announced the appointment of Jay Ryu, formerly of Draper Athena, as Vice President of Corporate Development. As the press release states, Ryu previously worked with prominent figures in the VC industry, such as Draper Athena chairman Tim Draper, well-known for his pro-crypto stance. According to the report, with seven years of experience as Venture Capital Director at Draper Athena, Ryu led technology investments across Silicon Valley, Asia, and the Middle East. Apart of Draper Athena, the VC expert is also a founder of investment consulti..

Australia’s Biggest Bank Trials Blockchain-Based ‘Smart Money’ for Disability Insurance

The Commonwealth Bank of Australia and a government-run digital innovation center have successfully trialled a blockchain-powered “smart money” system for disability insurance. The Commonwealth Bank of Australia (CBA) and government-run digital innovation center Data61 have released the results of their trial for a blockchain-powered “smart money” system for Australia’s National Disability Insurance Scheme (NDIS). The development was reported by local financial and business news platform Business Insider Australia today, Nov. 13. Data61 is a digital innovation hub that forms part of the Commonwealth Scientific and Industrial Research Organisation (CSIRO) — an Australian government corporate entity that undertakes scientific research to advance diverse local industries. The $93.5 billion market cap CBA is the country’s largest bank, as well as the 71st largest public company in the world. Together with CBA, Data61 has developed what it dubs “smart” — or programmable — money, a blockcha..

Japan’s Banking Giant MUFG Signs MoU to Develop Ripple-Based Remittances to...

Japan and Brazil are the target of a new cryptocurrency-based remittance service based on Ripple. Japanese bank holding and financial services company Mitsubishi UFJ Financial Group, Inc. (MUFG) said it will use Ripple (XRP) to create a new cross-border payments service to Brazil in a press release Nov. 9. MUFG, which has demonstrated an increasing interest in cryptocurrency products, will partner with Brazil’s Banco Bradesco to create the platform through its local subsidiary Banco MUFG Brasil. Confirming the two parties had signed a Memorandum of Understanding (MoU), MUFG reiterated its faith in Ripple’s technology, after joining its global payments steering group in March last year. “The new payment system [...] will assist the banks as they work toward commercializing a high-speed, transparent and traceable cross-border payments solution between Japan and Brazil,” the press release states. MUFG and Bradesco had previously worked together on initiatives dating back to the 1970s, th..

IBM and Seagate Launch Blockchain-Based System to Fight Counterfeit Hard Drives

IBM and data storage firm Seagate have announced a joint initiative to fight counterfeit hard drives using blockchain technology. IBM and data storage firm Seagate have announced a joint initiative to fight counterfeit hard drives using blockchain technology, according to a press release shared with Cointelegraph Nov. 8. The project will reportedly use IBM’s Blockchain Platform to help manufacturers, integrators, and business partners better authenticate the provenance of hard disk drives. IBM and Seagate’s solution will work by updating the IBM Blockchain Platform on the IBM Cloud with product authentication data based on Seagate’s security solution Seagate Secure Electronic ID (eID), the latter of which creates a unique identifier at the point of manufacture that can later be used to verify the identity of a given hard drive at any point during its life cycle. Aside from eID, Seagate will also provide a solution dubbed “Certified Erase,” which: “Employs cryptographic erasure technol..
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