Headlines for the world of Cryptocurrencies - March 03, 2019

in #blockchain5 years ago (edited)

Binance Now The 8th Largest Crypto By Market Capitalization

It has been reported that the native utility token of Binance, Binance Coin (BNB) have been outperforming most the other digital assets in the space.

So much so that it has gained over $40 million capitalization in the last 24 hours.

Pundits states that the positive movement is related to the company’s decentralized exchange initiatve that is currently undergoing beta testing with its CEO announcing a $100,000 BNB trading competition to support it.

BNB’s price has risen over 74% in the last two weeks showing great resilience despite the general bearish market condition that has shown little signs of recovering from its current crypto market slump.

Due to its tremendous performance for the last few weeks it was able to get the 8th top spot by total market capitalization usurping the position of Tron (TRX) then later on Stellar (XLM).

According to a crypto-focused investment firm Multicoin Capital Management, Binance’s discount token model is one of the best out there that has the potential to be a yield-generating asset once it migrated to Binance’s own blockchain and used in the decentralized exchange.

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PriceWaterhouseCoopers Lanches Blockhain-Base Credentials Platform

One of the Big Four auditing firms, PriceWaterhouseCoopers (PwC) has recently announced the launching of a new blockchain pilot that would allow users to be able to confirm the trustworthiness of employee credentials.

The Smart Credentials by PwC was revealed last February 13 which enable users to issue, store and safely share digital certificates related to professional qualifications of employees.

According to Steve Davies, the global blockchain leader at PwC the ability to prove your identity online is crucial in today’s digital world this holds true with ones qualifications as well.

He states that there is high demand for verified, trusted and irrefutable identities from different types of organization.

The pilot is being conducted in partnership with the institute of Chartered Accountants of Scotlands (ICAS), in which PwC employees who have successfully completed their chartered accountancy course in the last two years are being given digital certificates uploaded on the blockchain.

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Federal Reserve Prepared to Study Collapse of the Bitcoin Market

Since the financial collapse of monetary markets in 2008 the Federal Reserve has constantly monitored the space looking for signs that would signal that would lead to another economic meltdown.

In doing so the previous Administration together with Congress has passed the Dodd-Frank Act which made into law for the Federal Reserve to conduct stress tests to measure any risk in the U.S. financial markets.

These calls the Federal Reserve to study extraordinary events that might cause market panic to break out.

Interestingly enough these include a war with the hermit state of North Korea, Bitcoin market collapse or other events that is caused by misconduct of bad actor in the financial sector.

Since the initiative the Fed has studied several scenarios that would greatly affect the U.S. market such as the failure in the housing market and the corporate sector, contraction of major economy in Europe, sudden slowdown of China’s growth and sudden changes in world oil prices.

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JPMorgan Token May Spur Mass Crypto Adoption

The cryptocurrency research arm of one of the biggest crypto exchange in the world by transaction volume has recently released a new article about JPMorgan’s controversial blockchain token.

Despite pundits claiming the JPM coin not a real cryptocurrency Binance research argues that the project could be a spur real mass adoption.

It states that JPM Coin could expose large clients to a private blockchain structure increasing interest in the wider crypto industry, thus a stepping stone towards mass adoption.

According to the research group Stablecoins running on private block chains will contribute to increasing awareness of the rest of the blockchain and digital assets industry in the long run.

It also states that it would not likely disrupt the current market stablecoin for the simple reason that is run under a private blockchain which is design for a specific purpose and not available to retail investors.

This was confirmed by its website where it states that the bank has no existing intention to issue it to regular consumers.

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Macao Government Partners With WeBank For Smart City Initiative

It has been reported that the digital bank of China’s internet giant, Tencent has recently partnered with the Macao Science and Technology Development Fund (FDCT) to develop smart city projects aimed in areas of infrastructure, public services, government administration, and human resources.

The new initiative will see the two parties working together on fintech projects to promote forward looking urban development in Macao using blockchain, artificial intelligence (AI), big data, cloud computing and other technologies.

According to the President of the Administration Committee of FDCT, Ma Chi Ngai, this partnerships seeks to strengthen the technological innovation capabilities of Maco to benefit people’s livelihood through science and technology.

The vice president and CIO of WeBank, Henry Ma, reveals that the two parties will jointly explore new models of cooperation between the public and private sectors.

One of the first joint project will be based on WeIdentify, a blockchain-powered entity identity authentication and data exchange solution.

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Headlines for the world of Cryptocurrencies - March 02, 2019

Californian Bill To Legalize Cannabis-Related Businesses To Pay Taxes In Stablecoin / New York-Based Back Offers Banking Services To Crypto Startups In Bermuda / Proof-Of-Stake Will Make Ethereum More Decentralized According To Co-Founder / Card Companies Needs To Adopt Cryto To Stay Relevant / Malaysian State Launching A Blockchain Platform For Agricultural Products

Headlines for the world of Cryptocurrencies - March 01, 2019

Crypto Regulations Coming To Russia By July 2019 / Basic Attention Token Now Redeemable At Over 250,000 Brands / UK-Based Payment Processor Allows Cryto-To-Fiat Payments / Tron Ranks No.2 In Chinese Ranking Dethroning Ethereum / Facebook Talking With Exchanges For Their Crypto According To New York Times

Headlines for the world of Cryptocurrencies - February 28, 2019

Samsung Officially Announces Crypto Partnerships and Supported Crypto / Two Japanese Technology Giants Wants To Fight Fake Education Qualifications / Blockchain ID Management Introduced By Turkish Telecom Giant / A 125-Year-Old Swiss Financial Institution Enters Cryptocurrency Market / Bear Market Created Massive Value For Crypto According To Apple Co-Founder

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