Paypal Abandons Libra, May Indicate Larger Plans for the Payment Company

PayPal has announced that it will withdraw from the Libra Association, which is yet another blow to Facebook’s planned digital currency. Whereas it is no secret that politicians and financial regulators are highly skeptical of Libra, this move is the first indication of a rift among the platform’s partners. It also underscores the challenge legacy…

ByTrevor SmithOctober 29, 20190Comments

Technology

Switzerland’s Supervisory Authority Approves Licenses to SEBA Crypto and Sygnum

The Swiss Financial Market Supervisory Authority (FINMA) has certified two Blockchain institutions. This makes SEBA and Sygnum the first crypto banks to be licensed by the Swiss regulator. Thanks to the banking and securities trader approvals, the firms can now sell their services to both corporate and professional users. The news release dated 26th August 2019…

ByGrace MuthoniOctober 27, 20190Comments

Institutions Continue to Embrace Ripple Protocols But XRP Remains Flat

Ripple continues to grow and gain institutional clients, as the company behind the cryptocurrency clearly demonstrates that it has a firm goal for long-term success. Ripple Labs intends for its platform to become the standard for international currency transfers, and to that end it has added more banks and financial clients. Also, it has merged…

ByTrevor SmithOctober 25, 20190Comments

Altcoins Bitcoin

Cryptocurrency Promises Many New Use Cases for the Gaming Industry

Although businesses of all types are moving into the crypto space, the gaming industry has remained curiously behind on adoption. This fact may be perplexing, as gaming enthusiasts are highly likely to own cryptocurrency, and digital assets are a perfect fit for integration with video game technology. Now, this reticence to embrace crypto may be…

ByTrevor SmithOctober 23, 20190Comments

Altcoins

Booking.com Decides to Leave Facebook’s Libra Project before Launch

Despite its promising start, given the large number of companies that expressed interest in joining the project, Facebook’s Libra project is currently dealing with several challenges. This Monday, Facebook officially launched the cryptocurrency alliance, yet only 21 out of the 28 original backers participated. Backers no longer have Libra’s back According to recent reports, several backers have…

ByDaniel DobOctober 21, 20190Comments

Altcoins

Hyperledger Gaining Momentum, Poised for Major Move

Blockchain platforms designed for advanced processes, such as smart contracts and decentralized applications (dApps), are seeing a significant uptick in adoption, as a wide range of organizations recognize what the technology has to offer. Although Ethereum is considered the leader in this space, Hyperledger is now becoming a significant rival. This fact may be surprising…

ByTrevor SmithOctober 19, 20190Comments

Altcoins News

Germany is Considering the Advantages of Launching a Digital Euro

Over the last couple of years, numerous countries worldwide have issued statements concerning their plans for developing central bank-backed digital currencies (CBDCs). CBDCs are basically the direct response of governments to cryptocurrencies as we know them. After all, if the digital currency market is here to stay, countries want to preserve their national fiat currencies…

ByDaniel DobOctober 17, 20190Comments

Altcoins

Platform Partnerships with Institutions at All-Time High, Market Values Remain Flat

Evidence of blockchain technology’s move into the mainstream is emerging everywhere. A wide range of businesses are rapidly embracing it, and crypto use is growing, notably in the developing world. A clear sign of progress is the increasing number of partnerships that have been forged between development teams and a broad away of institutions. Many…

ByTrevor SmithOctober 15, 20190Comments

Ethereum Technology

Ikea Allows Use of Ethereum Blockchain for Invoice Payments

During the last couple of years, Ethereum use cases have increased exponentially in countries throughout the world. Recent reports indicate that a few days ago, IKEA Iceland was happy to use the Ethereum blockchain, in order to settle an invoice it had with a local retailer. To put things into perspective, the transfer was facilitated…

ByDaniel DobOctober 13, 20190Comments

Markets

Debate Is Heating up over Bitcoin Price Manipulation

Bitcoin’s decline in value late last month caught many by surprise, as the launch of Bakkt and other positive movements in the crypto space were expected to trigger substantial upward price movement. The fact that Bitcoin’s value is volatile and does not follow traditional wisdom is well known, and there has long been rumors of…

ByTrevor SmithOctober 11, 20190Comments