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Posted in: Sponsored Stories Published: December 4, 2019 2:59 PM UTC Blockchain Platform Terra Credit Introduces Groundbreaking Solutions to Emerging Markets When it comes to leveraging emerging technologies in the African continent, there are just a plethora of opportunities to bootstrap the blockchain to national economies; considering that many of the African nations reportedly have great numbers of unbanked and underbanked individuals. Terra Foundation’s decentralized payment… Author: Sponsored When it comes to leveraging emerging technologies in the African continent, there are just a plethora of opportunities to bootstrap the blockchain to national economies; considering that many of the African nations reportedly have great numbers of unbanked and underbanked individuals. Terra ..
Apollo, the all-in-one cryptocurrency that comprehensively meets every currency need ever imagined by users, has now made available its decentralized exchange (DEX) for public use. Launched in beta, the Apollo DEX now compliments the full-feature blockchain that offers an entire range of token generation services, while guaranteeing that transactions are 100% private. An Open Exchange for True Peace of Mind Taking a cue from the original concepts of cryptocurrency which revolved around the idea of independence, the Apollo Foundation introduces its beta DEX with a much-anticipated feature from the entire industry: atomic swaps. One of the shortcomings of DEXs in the past has been the fact that DEX platforms have been restricted to their blockchain platforms, with access only to tokens built on the same platform. But with atomic swaps, tokens and assets can be exchanged across different platforms, and without a centralized entity to govern it, this ensures assets remain fully in the o..
One of China’s big four banks has released the second version of its blockchain trading platform following transactions exceeding $50 billion. The China Construction Bank (CCB) officially released the second version of its blockchain trading platform, which reached 360 billion yuan ($50 billion) in cumulative transaction volume. CCB will actively promote blockchain platformOn Oct. 9, Xinhua news agency reported that CCB, one of the big four banks in the People's Republic of China, announced the release of “BCTrade 2.0,” a blockchain trade finance platform that digitizes trade and financial services between a reported 54 domestic and overseas CCB branches and 40 external organizations, including a number of state-owned and foreign banks. The platform conducts trade and financing activities, such as accounts receivable and trade financing, and aims to provide a regulatory system for trade finance to enable real-time monitoring of various financial activities. Deputy governor of the..
Ethereum-based stablecoins are declining as teams increasingly use other blockchains to facilitate price-stable currencies. Just a few years ago, it was hard to imagine that a stablecoin would come to represent a significant portion of the cryptocurrency industry. Market players tended to base their money-making strategies on a cryptocurrency’s volatility rather than its stability. There were only 11 stablecoins on the market in 2016, and another 10 were added in 2017. Nowadays, there are 66 stablecoins, and over 134 others still in development. The overwhelming majority of these stablecoins were running on Ethereum before 2018, without any indication suggesting that this might change. But the script has flipped, according to Blockchain.com’s “2019 State of Stablecoins” report: Only 50% of all stablecoins are now built on Ethereum, and the latest Blockdata report also highlights this decrease. The ground for the stablecoin market is shifting beneath our feet. Today’s marketWe have rec..
Theta Labs announces that its blockchain video infrastructure protocol Theta Network will soon be incorporated into decentralized streaming platform DLive. Theta Labs has announced that its blockchain video infrastructure protocol Theta Network will soon be incorporated into decentralized streaming platform DLive. According to a press release shared with Cointelegraph on Oct. 10, Theta’s partnership with DLive will enable peer-to-peer video relaying of all video content and token rewards for the latter’s users. Employing the biggest name in gamingAs Cointelegraph reported previously, PewDiePie, the personality behind the most-subscribed gaming channel on YouTube, began streaming exclusively on DLive on April 14. In just over a month after this partnership started, the platform saw a 67% increase in monthly active users, claiming that its audience had accounted for more than 5 million viewers and over 70,000 streamers at the time. Among other things, in their bid to “take on YouTube an..
Investor giant Vanguard is testing a blockchain-powered platform that allows asset managers to trade currencies while avoiding the big investment banks. The Vanguard Group is testing a blockchain-powered platform that will allow asset managers to trade currencies while avoiding the big investment banks. On Oct. 3, Bloomberg reported that the United States-registered investment advisor group, Vanguard, is going after a piece of the global currency market that handles $6 trillion each day and is dominated by firms such as JPMorgan Chase and Deutsche Bank AG. A source familiar with the matter said that the newly tested blockchain platform has been operational for over two months while handling several trades already. By entering the global currency market, Vanguard could unsettle some of the major investment banks that have ruled the sector for decades. Campbell Adams, a former senior currency trader at Deutsche Bank, believes this could happen if enough users join Vanguard’s platform...
Hacker bounties: Who are the biggest spenders, why companies need them, and are they really needed? Crypto companies often find out the hard way that hackers know their security systems better than they do. As hacks in the crypto world can and often do result in hundreds of millions of dollars worth of tokens being stolen, the fate of a company’s future can often ride on its security measures. In an effort to batten down the hatches, companies offer bug bounties. These bounties are essentially competitions in which hackers are encouraged to try to compromise software. The hackers then submit a vulnerability report to the respective companies so that they are able to patch the bugs before they are exploited. As a reward, successful hackers are paid a bounty. Most companies offer bounties on a staggered scale, with the reward price corresponding to the severity of the bug. Bounties start from around $50 to $100 for low-level fixes and are usually capped at around $10,000 for critical ..
Major cryptocurrency exchange Binance has partnered with crypto analytics startup Coinfirm to improve its anti-money laundering compliance. Major cryptocurrency exchange Binance has partnered with crypto analytics startup Coinfirm to improve its anti-money laundering (AML) compliance. New platform for FATF complianceThe integration of Coinfirm’s blockchain-agnostic AML Platform will purportedly streamline Binance’s compliance with the AML rules issued by the Financial Action Task Force (FATF), according to a press release published on Oct. 3. The new measures set up by the FATF require that cryptocurrency operators establish the identity behind crypto funds senders and recipients, conduct proper due diligence to ensure they are not engaging in illicit activity, and develop risk-based programs, among others. Binance will deploy Coinfirm’s products to assess and analyze AML risk in regards to more than 1,200 digital currencies, tokens and diverse blockchain offered on its trading platfo..
The credit rating arm of financial services firm Morningstar is developing a blockchain platform for debt securities. The credit rating arm of financial services giant Morningstar is developing a blockchain platform for the $117 trillion debt securities industry. Morningstar Credit Ratings is building an evaluation system for debt securities issued as tokens on a blockchain, Forbes reports on Oct. 2. Michael Brawer, COO at Morningstar Credit Ratings, stated that the firm is working with a number of blockchain-oriented firms who are seeking to issue debt instruments on a blockchain. According to Forbes, Morningstar rates a wide range of assets based on their past returns to investors on a scale of one to five. The company reportedly started working with blockchain technology in June 2018, when Morningstar published a report on how firms like Bank of America, Apple and Walmart are using blockchain tech, and how it might affect credit ratings agencies’ coverage. Two major blockchain eff..
Web monetization platform Coil now supports XRP payments in real-time thanks to a partnership with payment gateway and XRP Ledger wallet provider GateHub. Web monetization platform Coil now supports XRP payments in real-time thanks to a partnership with payment gateway and XRP Ledger wallet provider GateHub. An official press release published on Oct. 1 noted that Coil users can now use GateHub to receive funds in XRP and convert them into EUR, USD, Bitcoin (BTC) and Ethereum (ETH). Real-time micropayments for content creatorsCoil is a platform that provides an alternative method for creators to monetize their content online. As subscribing fans consume content, the platform uses an open API called Web Monetization to stream micropayments to creators in real time. The API is built on the Interledger Protocol, co-created by Stefan Thomas, Coil CEO and former Ripple CTO. As Cointelegraph reported on Aug. 15, Ripple’s investment arm, Xpring, also participated in Coil’s $4 million seed ..