Business news

The giant U.S. bank, JPMorgan, declared plans to roll out JPM Coin on February 14 and has shown love for cryptocurrency on Valentine’s Day, notwithstanding Jamie Dimon having criticized Bitcoin (BTC) as being a fraud some time ago. It will be employed to conduct payments between customers and the lender will then labor to transfer international payment on to the distributed ledger technology (DLT), which could make a potential impact on the fintech sector.

JPMorgan will start providing the first U.S bank-banked crypto, named “JPM Coin”, in order to push its massive universal transactions as part of its extensive wholesale payments business.

XMR developers, and the whole team at large, are ready and in high gear to fork their network on Saturday, March 9th 2019 in order to lower the effectiveness of ASICs (application-specific integrated circuits). The hard fork might cause a change to the Monero proof-of-work (PoW) algorithm and also lower the hash rate competences of ASIC miners by a significant factor of over 2.5.

In pursuit of new ways to ensure high-yielding opportunities for today's cryptocurrency traders, the CODEX exchange has embarked upon a rather promising solution, called Trade Mining.

Italy, the world’s number 4 as far as the use of blockchain technology is concerned, still needs more blockchain implementation. The epoch of energy, innovation and digitalization is contributing a fundamental transformation.

11/02/2019 Singapore: LaLa World, a Singapore based FinTech organization, launched its multi- cryptocurrency wallet today. The wallet, christened ARAX, supports multiple Blockchains, coins,  and tokens natively. Arax Wallet will address the absence of utility of cryptocurrencies which has impeded global adoption of these digital assets.

Estonian company MinexSystems has commenced the full start of operation of its two primary products, MinexPay and Minex Web Wallet, which in conjunction create one of the most completed cryptocurrency card ecosystems on the market. Minex Web Wallet is a secure web wallet system which offers storage and control over several digital assets, as well as activation and control of the cards purchased via MinexPay. MinexPay offers a card program, which can be used both for crypto online and offline payments and ATM withdrawals, with very attractive limitations.

As the crypto market lives through a bloody bearish movement, which has been continuing for approximately 12 months, the number of fintech enthusiasts has significantly decreased. While the top cryptos, including Bitcoin, Ripple, and Ethereum are 80% down from all-time highs, leading blockchain experts noted that it might not be the prime time for the technology.

Innovative startups are growing in number – there are now more than 10,000, and they employ over 54,000 people. Minister Luigi Di Maio is optimistic that in 2019 more momentum will be added in startup venture capital markets in order to compete successfully with other main competitors in Europe, as StartupItalia reports.