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Major U.S. crypto exchange Coinbase says they plan to help countries with high inflation by adding USDC support in 85 jurisdictions. United States crypto exchange and wallet service Coinbase has expanded USD Coin (USDC) trading to customers in 85 countries, the firm announced in a blog post on May 14. Along with the USDC announcement, Coinbase also announced a major global expansion, adding 50 more jurisdictions to its coverage, including such countries as Brazil, South Africa and Taiwan, among others. Starting from today, Coinbase serves customers in 103 countries in total, the exchange wrote, adding that the move will help accelerate the global adoption of crypto trading. USD Coin is the first stablecoin listed for trading on Coinbase platform: the exchange first listed USDC back in October 2018 for customers in selected jurisdictions in the U.S.. By adding USDC coverage in 85 global jurisdictions, Coinbase aims to “improve the lives of people in countries where inflation is ero..
Subhankar Sinha will be the company’s new Head of Blockchain, a role for overseeing BNY Mellon’s blockchain ventures. New York-based global investments company, Bank of New York Mellon (BNY Mellon), has named Subhankar Sinha as the company’s Head of Blockchain, according to a May 13 press release. Sinha’s role in the corporation will be to work on creating and furthering partnerships with startups, accelerators and other businesses in the blockchain field. Sinha previously worked as a director for the London-based international accounting firm PwC, co-founding and co-leading the firm’s American blockchain consulting practice. After leaving PwC, he created a firm to advise startups on business models. BNY Mellon put out a job offer (now defunct) for the role of “Blockchain Senior Principal” on online business networking platform LinkedIn four months ago, noting that they were seeking a “subject matter expert for the Firm on blockchain/DLT technologies.” BNY Mellon — a bank with $34.5 t..
Amazon Web Services has made its Amazon Managed Blockchain generally available. Amazon Web Services (AWS), the cloud computing platform subsidiary of retail giant Amazon, has made its Amazon Managed Blockchain (AMB) generally available, according to an announcement on April 30. The product will purportedly allow customers to set up blockchain networks within their organizations, and uses the Ethereum and Hyperledger open source frameworks. Notably, Amazon states that AMB can scale to support thousands to millions of transactions. Amazon states that the blockchain-as-a-service (BaaS) will allow businesses to develop their own networks more quickly and at a lower cost, as it eliminates the need to “to provision hardware, install software, create and manage certificates for access control, and configure network settings.” Rahul Pathak, General Manager, Amazon Managed Blockchain at AWS said: “Amazon Managed Blockchain takes care of provisioning nodes, setting up the network, managing cert..
The world’s largest stock exchange announced that it has introduced a new XRP index to its global data service. The world’s largest stock exchange, Nasdaq, announced that it has introduced XRP Liquid Index (XRRLX), a new XRP index, to its global data service. The news was announced in a post on its website published on April 29. Per the announcement, the development is part of Nasdaq’s data dissemination partnership with cryptocurrency analytics company Brave New Coin. The company will reportedly send its real-time XRP index level information on the Nasdaq Global Index Data Service SM (GIDS). In a separate announcement, Brave New Coin noted: “The XRPLX sources data from only the most liquid exchanges by volume and order-book depth [...] Current constituent exchanges for the XRPLX include Bitfinex, Bitstamp, Poloniex and Kraken with Coinbase to be added in the next review. ” According to the dedicated website, GIDS is a service aiming to provide real-time values for its indexes and lis..
Members of the XRP rich list would do anything for a positive XRP news that would cause a spike in the price of the token. This is because, for many weeks now, the price of XRP has been stuck in a descending trendline moving below important supports against the USD and against the price of BTC. Even if there have been a number of positive XRP news, none of them have had a significant impact in the price of XRP and the XRP price prediction 2019 like the news about Nasdaq listing XRP index on its global data platform. Shortly after the announcement was made, the price of XRP went from red to green against the USD. Right now, it’s not clear how long the bullish pressure will last but it’s always good to celebrate the little wins. XRP Price Prediction 2019 – XRP Price Forecast – XRP News Today – XRP Price Surges As XRP Index Gets Added To Nasdaq Major stock exchange operator Nasdaq has decided to add XRP to its global index with the likes of BTC and ETH. This is according to the report on..
Tech firm Horizen Labs has raised $4 million in funding it will use to develop its sidechain-as-a-service products. Horizen Labs — a tech firm that helps businesses build distributed ledger platforms — has raised $4 million in funding, according to a blog post published on April 11. Horizen Labs initially aimed to raise $2 million in seed funding, but overshot its goal and received $4 million from Digital Currency Group — an institutional trading firm focused on cryptocurrencies, seed stage fund Liberty City Ventures, and other independent investors. The company intends to develop sidechain-as-a-service products. Sidechains can be deployed to handle commercial blockchain usage, performing various tasks distributed accordingly to increase productivity or efficiency. According to Barry Silbert, founder and CEO of Digital Currency Group, said that the sidechain product gives allows businesses “to incorporate customized digital ledger technology into their operations, removing a significa..
San Francisco-based cryptocurrency lending firm Dharma Labs announced that it has launched its service to the public. San Francisco-based cryptocurrency lending firm Dharma Labs announced that it has launched its service to the public in a Medium post published on April 8. As Cointelegraph reported in February, Dharma Labs has previously raised $7 million from big name investors, including Coinbase Ventures. Per the launch announcement, users can interact with the service with any wallet, and only Ethereum (ETH) and the decentralized stablecoin (DAI) are supported for the time being. The service is also reportedly non-custodial, and the users remain in control of the private keys granting access to the assets. The post explains that this has an advantage over custodial centralized crypto exchanges, which can sustain losses of customers funds in the case of a hack. The non-custodial implementation of lending and borrowing is purportedly made possible by the Dharma Key system. In the la..
Binance’s official digital currency wallet app Trust Wallet has added a staking feature for cryptocurrencies Binance’s official digital currency wallet app Trust Wallet has added staking for cryptocurrencies. The development was announced by Binance in a blog post published on April 3. The staking feature — which is scheduled to be launched by Binance by the end of the second quarter of 2019 — enables users to earn dividends or interest on their investment for validating transactions and allows them to vote on changes in the blockchain. Staking rewards are a byproduct of the proof-of-stake (PoS) consensus algorithm. Launching the staking feature will purportedly let Trust Wallet support proof-of-stake cryptocurrencies. Additionally, Trust wallet added support for Tezos (XTZ), and is planning to include support for staking in the Tezos on-chain governance mechanism. In late March, Coinbase Custody, which provides storage facilities for institutional investors, revealed that it is seeki..
Veerathai Santiprabhob, the Central bank governor of Thailand, reportedly defined the Ethereum-based remittance system as an important step. The governors of two central banks endorsed the Ethereum (ETH)-based remittance system developed by blockchain company Everex, the firm reported in a press release shared with Cointelegraph today, April 5. The service is set up to send payments between Thailand and Myanmar. The system was reportedly presented by the startup, along with its partners, state-owned Krungthai Bank of Thailand and Shwe Bank of Myanmar, at the Association of Southeast Asian Nations (ASEAN) central bank governors and finance ministers meeting on April 4. The Everex press release cites Veerathai Santiprabhob, the governor of Thailand’s Central Bank, as commenting on the project: “This project is an important step forward for the more than 3 million workers in Thailand who might have so far used not secured channels.” The governor of the central bank of Myanmar, U Kyaw Kya..
Viennese crypto and fintech firm Bitpanda has received a payment service provider license from Austria’s financial regulator in accordance with EU-wide rules. Viennese crypto and fintech firm Bitpanda has received a payment service provider license from Austria’s financial regulator. The development was reported by Cointelegraph auf Deutsch on April 4. The license has reportedly been issued to Bitpanda Payments GmbH by the Austrian financial market authority (FMA) in accordance with the European Union’s Payment Services Directive 2 (PSD2). In force since January 2018, PDS2 introduced revised rules for payments service providers — whether traditional banks or fintech firms — across the European Economic Area (EEA) and the EU. Bitpanda, which operates a retail crypto brokerage platform, has said in a press release on April 4 that the new license will allow it to widen its business model and offer new payment solutions to support its crypto offerings. The announcement emphasizes that pr..