Singapore Central Bank chief hopes blockchain is here to stay
The head of Singapore’s Central Bank thinks the cryptocurrency economy will eventually crash, yet he is keeping his fingers crossed that the blockchain technology would still exist, when this happens. This negative statement is much less damning than the official attitude of government officials of many countries around the world including Denmark, China, Russia and others.
Everything you need to know about Ripple
A complete guide to everything you need to know about Ripple. Here, we explore the history of Ripple, top wallets, how to buy and sell XRP, and much more. Ripple was mainly launched in an attempt to substitute the SWIFT based transfer system, with a decentralized, blockchain based, global system for monetary transfers.
Kraken upgrades with much needed new features
As Kraken became evidently unable to handle the large number of users trading on its platform, they successfully upgraded the platform to keep up with the increased number of traders using the exchange. This followed a downtime of around 48 hours that negatively affected thousands of traders on Kraken’s platform.
Ripple vs R3 – the rift deepens
Ripple has cancelled its partnership with R3, following the recent unprecedented surge of Ripple’s price. The partnership was expected to give Ripple access to R3’s Consortium of banks. The cancellation was justified by Ripple’s executive, Brad Garlinghouse, who stated that R3 knowingly deceived Ripple regarding the contract, as R3 knew that a number of banks that were important to Ripple were about to leave the R3 Consortium
DAO + ICO = DAICO – a new way to raise funds
ICOs have taken the financial industry by surprise as billions of dollars have been gathered through them. However, ICOs have their limitations. To solve these problems, Buterin has designed a new approach, which is a combination of Decentralized Autonomous Organization (DAO) and the Initial Coin Offering (ICO).
Despite rumors, crypto ban not in effect in South Korea — yet
Despite certain actions taken or planned, it is important to clarify that there is no outright South Korea cryptocurrency ban on exchange of bitcoin or any other coin — yet.
Michael Novogratz and Bradmer Pharmaceuticals to create crypto bank
Novogratz has recently stated that he’s willing to stake his entire cryptocurrency net worth of $400 million, and team up with Bradmer Pharmaceuticals, in order to establish a cryptocurrency retail bank, which was described by observers as the Goldman Sachs’ equivalent of the cryptocurrency economy.
Microsoft stops then starts using bitcoin again
Microsoft stopped accepting bitcoin payments a week ago. However, the ban on bitcoin lasted only a week, after which bitcoin payments were resumed. The company cited “instability” as the reason behind the short-lived ban.
Chinese government plans to end mining operations
The Chinese government has advised cryptocurrency miners in the country that they should plan on ceasing mining operations by January 10th. This comes after China’s blanket ban on cryptocurrencies in September, 2017.
Bitcoin is real money, says Goldman Sachs
Goldman Sachs recently acknowledged the value of bitcoin, following a long dispute over its utility in everyday life. Despite the encouraging acknowledgment, the report cautions investors against expecting the same growth that was experienced particularly by bitcoin in 2017.
