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Korea’s largest power provider KEPCO says it will use blockchain and other innovative energy solutions to develop its next-generation micro grid (MG). Korea’s largest power provider KEPCO says it will use blockchain and other innovative energy solutions to develop its next-generation micro grid (MG), according to an official press release Nov. 19. KEPCO is a $15.9 billion market cap corporation in which the South Korean government and state-controlled bank hold a majority stake; it has a “virtual monopoly” over power generation and distribution in the country, according to Asia-focused publication Nikkei. KEPCO’s new “Open MG” will reportedly harness blockchain and other technologies to improve energy infrastructure, particularly for the local hydrogen economy. To this end, it will focus on decentralization, decarbonization and digitalization, described in the press release as being the three key “trends” driving the future of the energy industry. As the press release outlines, earlie..
Crypto exchange operator OKCoin launches services in Argentina, trading national fiat peso in pairs with several major cryptocurrencies. OKCoin, the parent company for world’s largest cryptocurrency exchange OKEx, has launched fiat-crypto trading services in Argentina, the company revealed in a tweet Thursday, Nov. 15. According to the company’s blog post about the move, customers can already deposit Argentine pesos (ARS) in exchange for major cryptocurrencies, including Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC), Ripple (XRP), Cardano (ADA), Stellar (XLM), Zcash (ZEC), and 0x (ZRX) “and more.” OKCoin has also revealed its plans to extend its services all over Latin America, adding other local fiats to the list “in the coming months.” The company also revealed its plans to open an office in Buenos Aires in the near future, building up a team to support development in the region. As of press-time, OKEx, a global service based in Hong Kong..
XRP has been on fire for the last 48 hours. In fact, yesterday, the coin briefly took Ethereum’s place as the second largest cryptocurrency per market capitalization after it surged by 20%. While the cryptocurrency is currently correcting lower. This move is another evidence that it is indeed a worthy competitor and the effort by Ripple and the entire XRP community is reflecting on the coin. Why Did XRP Surge? There are two speculations regarding why the price of XRP surged. For starters, the leading cryptocurrency per market capitalization, Bitcoin was green against the USD. Everyone know this has a ripple effect on other coins. Secondly, XRP has had strong fundamentals for the past few months. Ripple Labs has been working tirelessly to promote mass adoption of its technology and the XRP token. XRP (XRP) Price Today – XRP / USD Name Price24H (%)$0.458824 -0.22% Ethereum, the long-time second largest cryptocurrency per market capitalization had fallen from $1,400 to $215 within this..
Ripple markets appear buoyed this week as the asset gains 18 percent in 24 hours to briefly overtake Ethereum as top altcoin. Ripple (XRP) overtook Ethereum (ETH) to become the largest altcoin by market capitalization again today, Nov. 6, after gaining 18 percent in 24 hours. Data from CoinMarketCap confirms the latest switcharound of the top two altcoin assets, repeating a pattern that has occurred several times this year. Market capitalization overview. Source: CoinMarketCap XRP shot higher over the weekend as markets reacted to a basket of factors, including fresh uptake of Ripple’s xRapid platform, but it remains unclear which specific factors fuelled the rally. xRapid, the payment network which uses XRP as its transfer medium, was responsible for a previous bull run in September, which again saw Ethereum relegated to the number two spot in market cap ratings. At press time, XRP/USD is trading around $0.536, while ETH/USD had gained a modest 1.7 percent in 24 hours to hit just ab..
The world’s largest diamond mining firm, Russia’s Alrosa, has joined the pilot of fellow industry giant De Beers’ diamond supply blockchain platform “Tracr.” The world’s largest diamond mining firm, Russia’s Alrosa, has joined the pilot of fellow industry giant De Beers’ diamond supply chain blockchain platform “Tracr,” mining industry news outlet Mining Weekly reports Oct. 29. Alrosa is reported to be the world’s largest producer of raw diamonds in carat terms; together with De Beers, the two firms produce around half of the world’s supply. In Q3 2018, the firm’s rough diamond sales rose 12 percent year-on-year to $949 million in value, even as sales in carats declined. Tracr, whose pilot was first announced in January, aims to improve transparency and consumer trust across the diamond value chain from mine to retail. The solution works by creating a digital certificate for each diamond that records key attributes and transactions. The data is stored immutably on the blockchain, allo..
Hitachi Payments has partnered with the State Bank of India to establish a nationwide digital payments platform. Hitachi Payments has partnered with the State Bank of India (SBI) to establish a nationwide digital payments platform, according to a press release published by Hitachi Oct. 29. Under the aegis of the government’s “Digital India” campaign, Hitachi will provide SBI with solutions including its Internet-of-Things (IoT) platform "Lumada," which was implemented as the base platform for a major blockchain proof-of-concept (PoC) for supply chain management undertaken with Japan’s Mizuho Financial Group last year. Hitachi Payments is a wholly-owned subsidiary in India of multinational tech conglomerate Hitachi, which provides technology-led payment solutions for financial institutions. It reportedly has 55,000 ATMs and 850,000 point of sale (POS) devices (including mobile POS) under management in India. Indian government-owned SBI is the largest commercial bank in the country, wit..
Top crypto exchange OKEx will delist almost 60 trading pairs that reportedly have weak liquidity and trading volumes. Major Hong Kong-based cryptocurrency exchange OKEx will delist over 50 trading pairs with weak performance, according to an announcement published Oct. 25. As per the announcement, at 6:00 am Oct. 31, 2018 CET, the exchange will halt the trading of a swathe of pairs that they cite as having weak liquidity and trading volume. The exchange warned users that they should cancel their orders of the affected pairs from the platform. OKEx also made a point of noting that it will delist only the indicated trading pairs, but not the tokens themselves. Andy Cheung, Head of Operations at OKEx, called the move “housekeeping” in a tweet today, Oct. 27, saying about OKEx and other top exchanges: “As leaders, we are responsible for promoting a robust ecosystem [...] We need to take action on those underperforming tokens now.” In a tweet announcing the delisting yesterday, Cheung also..
[the_ad id="35962"] [the_ad id="35975"] Recently, Litecoin (LTC) was listed on Gemini, one of the most popular cryptocurrency exchanges in the world. The intriguing part about this exchange is that it isn’t just popular, it is also regulated. The fact that the exchange decided to list Litecoin shows that it has noticed long-term potential of the cryptocurrency. The listing didn’t do anything to the short-term price action of LTC. However, Litecoin set a record as the 3rd cryptocurrency in the world to be listed on all the major exchanges. Litecoin (LTC) Price Today – LTC / USD Name Price24H (%)$52.25 -0.35% Litecoin’s Charlie Lee tweeted that his first mission as the creator of Litecoin (LTC) was to make sure it gets listed on all the major cryptocurrency exchanges in the world. Litecoin, is taking third place only after Bitcoin and Ethereum. The reason why those two cryptocurrencies are the first two to be listed on major exchanges is that they are oldest and largest cryptocurrencie..
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The innovation wing of Vietnam’s largest telecoms operator Viettel aims to become the country’s leading blockchain provider in the next five years. The Viettel Enterprise Solutions Corporation has set a goal to become Vietnam’s leading blockchain technology provider in five years, local news outlet Viet Nam News reported Oct. 25. The Viettel Enterprise Solutions Corporation is a development and innovation wing of Vietnam’s largest telecommunications operator Viettel Group. The Viettel Enterprise Solutions Corporation was established earlier in October to focus on providing information and communication technology solutions to the governmental and commercial sectors, and to assist in building a digital government. Speaking at a workshop called “Blockchain at Viettel,” the company’s deputy general director Ngô Vĩnh Quý reportedly said that Viettel is eager to keep pace with development trends, including blockchain technology. Ngô assured that the corporation has the necessary resources,..