Materials by tag Cryptocurrency

In an effort to enable effective transnational payments using the Bitcoin Blockchain, around 60 Latin American banking institutions where almost 20 million users are active customers of money management services, are now busy developing modern financial systems based on distributed ledger tech, and this will give the people of South American countries an option to make Bitcoin payments.

The original cryptocurrency Bitcoin is still hustling to become the world’s most used digital asset in payment services, however, its price has plummeted sharply by more than 10% over the past 7 days and global stocks are also falling.

As the entire cryptocurrency ecosystem eagerly awaits the world’s leading social networking service provider Facebook officially launching its own USD-backed token called Libra, a large number of anonymous fraudsters have already started their bad practices of creating Facebook pages pretending to sell real Libra.

Launched in January 2014, the cryptocurrency Dash was created to overcome certain confidentiality issues associated with Bitcoin. Together with Monero and Zcash, Dash is one of the top three privacy coins. As of July 31, the market cap of Dash exceeds $943M, according to Coincodex. The currency is accepted by a number of recognized merchants and even offers a contactless debit card to process ordinary payments at retailers in Dash.

The world’s most populous country, China, is now more than willing to launch its new state-backed cryptocurrency, according to an official statement from the People’s Bank of China (PBOC). With its population of over 1.4 billion people, if every Chinese decides to use this new stablecoin and may be one more token, the market for cryptocurrencies will see a major boost.

Giant technology entrepreneur Elon Reeve Musk recently shown his strong support for cryptocurrency and Blockchain-friendly United States (US) 2020 Democratic Presidential candidate Andrew Yang. The CEO of Tesla Inc. and SpaceX, has always expressed his endless support for disruptive technologies like distributed ledger tech and cryptoassets including Bitcoin, TRON, etc.  On Saturday last week, Elon tweeted his support for Andrew following the comment by political podcaster Dan Carlin on Andrew’s leadership abilities.

Following Coinbase’s roll out of Bitcoin Cash (BCH) back in December 2017, United States District Judge of San Francisco, California, Vince Chhabria, has made a final verdict and advised the users to go on with a “negligence suit” if they want to do so. The California based cryptocurrency giant could face negligence suit for illegally adding BCH, the world’s fourth cryptocurrency by market capitalization.

For any cryptocurrency trader, the ability to make trades on his own terms is the ultimate dream. The rise and fall of token and coin values is tapped through exchanges and a good exchange makes all the difference between profit and loss.

The path towards the realization of Smart City can be seen as a real innovation laboratory in which themes linked to the quality of services and life are merged with new responses for environmental sustainability, safety, mobility and quality of work. This path has experienced an exciting phase in which the cities experimented and adopted new forms of innovation including blockchain, artificial intelligence (AI), internet of things (IoT), etc.in many different areas.