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Fidelity Investments is keen on a March launch for its Bitcoin Custody Service. The mutual-fund giant had leaped into cryptocurrency industry in October 2018 with the launch of Fidelity Digital Asset Services, to handle cryptocurrency custody and trade execution for institutional investors. In an official statement, the company said “We are currently serving a select […]
The transport and logistics (T&L) industry has been very slow to adopt blockchain. This may be because the industry feels that the new technology might be more harmful, disruptive than beneficial. According to a new report by the Boston Consulting Group (BCG), the world’s leading adviser on business strategy, the industry participants must collaborate to […]
The Republic of the Marshall Islands is ready to launch the world’s first national cryptocurrency, Sovereign (SOV), with smart card wallet maker, Tangem. SOV is expected to be out in the form of paper banknotes. Presently, Marshal Islands official legal tender is the US dollar. According to the press release SOV is based on blockchain. […]
The production cost, mining, of Bitcoin is higher than its actual value which is $4,060. Presently, the cryptocurrency is traded below $3,600 and its a $400 loss. Bitcoin value dropped significantly in November 2018, a 14 per cent fall, that had the world’s biggest cryptocurrency price below $5,000 for the first time in 13 months. […]
The United Kingdom through its Financial Conduct Authority (FCA) is consulting on ‘Guidance’ for cryptoassets to provide regulatory clarity. The FCA acknowledges cryptoasset market and the quickly developing distributed ledger technology (DLT), and it wants to support consumers to understand the cryptoasset market. It said the final ‘Guidance’ will help market participants understand whether the […]
eToro has added ZCash (ZEC) to its rapidly expanding cryptocurrency portfolio. With a market valuation of over $300 million, ZEC is the 14th digital currency on the multi-asset investment platform. ZCash is a decentralized and open-source digital currency which was launched in 2016. Exchanges highly regard it for its protection and specific straightforwardness. Zooko Wilcox, the […]
Japanese solar energy provider, Sharing Energy has signed a deal with Australian energy trading platform, Power Ledger to track renewable energy consumption from 100 customers across Chubu, Kansai and Kyushu regions. Sharing Energy is a leading provider in installation and provision of solar energy. Emiko Koga, the president of Sharing Energy, said they want to […]
ING, the Dutch banking giant, now has access to unlimited Corda Enterprise licenses after signing a five year deal with R3, blockchain technology provider. The deal also allows ING to use Corda Enterprise throughout its various operations worldwide. According to a press release by R3, the Dutch bank will be able to adopt CorDapps across […]
EOS has upgraded itself into the new year with a higher transaction speed. The latest version EOSIO V1.6.0 has brought about a 35 per cent boost. In an official blog, the company said it will improve the efficiency of the peer-to-peer networking layer besides real-time transactions to ultimately boost the overall speed. “Our own internal […]
Saudi Arabia and the United Arab Emirates have unveiled the first of its kind pilot cryptocurrency cross border initiative. This new project is part of the Saudi-Emirati Coordination Council. And there is no doubt that this will also boost investor confidence in cryptocurrencies. The official statement says that the pilot cryptocurrency project focuses on cross […]
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