Archived Posts

Stellar, which is perceived as a major competitor to Ripple, has received Islamic finance certification. It is considered a major step forward on the road to the launch of sharia-compliant financial products. The Islamic finance sector cannot be discarded by any service providers. The strict rules make it difficult for many of the financial institutions   Read more...

Fed Chairman Jerome Powell is well known for his anti-crypto stance. He did not miss the opportunity to hit hard on the crypto sector while testifying before the US Congress regarding cryptocurrencies. Powell stated that cryptocurrencies don’t have any intrinsic value and the sector is not big enough to create financial instability. The Fed Chair   Read more...

Bitcoin rallied by more than 10% yesterday to reach $7,400 levels. The strong uptrend caught several short sellers off guard, resulting in liquidation of $180 million worth short positions in one hour . A series of good news, including the appointment of crypto friendly David Solomon as CEO of Goldman Sachs, is believed to be   Read more...

According to a filing published by the U.S. Patent and Trademark Office (USPTO) yesterday, San-Francisco-based Wells Fargo bank is seeking patent for a tokenization system that would secure data. The patent describes a system which enables locating any kind of information, database value, document, or graphic, protected using the process of tokenization. The patent explains   Read more...

Mastercard has obtained a patent from the U.S. Patent and Trademark Office (USPTO) on Tuesday for a technique to speed up cryptocurrency payments. The document opines that even though cryptocurrencies have “seen increased usage over traditional fiat currencies by consumers who value anonymity and security,” the huge difference in payment processing times between fiat and   Read more...

British Broadcasting Company, one of the popular news sources, has recently reported that a Kodak-branded “Bitcoin miner” has been identified to be a scam by cryptocurrency experts. According to the article published by BBC, an unaccounted Kodak ‘KashMiner’ was seen on Kodak’s official stand at the CES technology event conducted in Las Vegas. The mining   Read more...

Canada’s Large Credit Union Coalition (LCUC), an alliance that brings together the chief information officers (CIOs) of 16 largest credit unions in the country, has joined R3, the New York-based blockchain consortium. R3’s blockchain consortium currently consists of about 200 entities including financial institutions, tech firms, trade associations and other service providers. LCUC, which has   Read more...

Monero, a privacy focused cryptocurrency facilitating anonymous transactions, has announced the successful completion of an external technical audit for its ‘Bulletproofs’ protocol. It is an improved version of protocol related to zero-knowledge proof (ZK-Snarks), which Google’s cofounder Sergey Brin considers as “mind boggling”. Bulletproofs enables efficient functioning of blockchain network and ensures faster transactions. The   Read more...

Stronghold, a global payment and trading platform provider, announced the launch of a stable coin named “Stronghold USD.” The cryptocurrency, pegged to the US dollar on a 1:1 ratio, is built on Stellar Lumens’ (XLM) blockchain. The San Francisco based startup also disclosed a partnership with IBM to study possible business applications based on the   Read more...

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