JP Morgan is rolling out the first US bank-backed cryptocurrency to transform payments business

The first cryptocurrency created by a major U.S. bank is here — and it’s from J.P. Morgan Chase. The lender moves more than $6 trillion around the world every day for corporations in its massive wholesale payments business. In trials set to start in a few months, a tiny fraction …

Is Facebook Preparing Its Shopping List to Fuel Its Blockchain Dreams?

While it is in a well aware fact now that Facebook is building its war chest for blockchain, from open hiring to acquiring top talent from the street. But last week news of acquisition blockchain start-up Chainspace took a lot of people by surprise as the Social Media Giant was …

ConsenSys, AMD to Develop Ethereum-based Cloud Computing Infrastructure

Ethereum-related development firm ConsenSys has partnered with US-based multinational computer chip manufacturer AMD to develop a blockchain-based cloud computing infrastructure. Announced on Friday, the W3BCLOUD computing architecture will be developed through a collaborative effort involving ConsenSys, AMD, and United Arab Emirates-based investment company Halo Holdings. W3BCLOUD will be used to …

Regulatory Overreach is Crippling the U.S. Crypto Sector

A law professor has reached an unflattering conclusion regarding the regulatory climate of the crypto space in the United States — it’s confusing! According to Carol Goforth, who teaches at the University of Arkansas School of Law, “overlapping regulations produced by a multitude of distinct agencies with different missions and …

Paxos Standard (PAX) Is Now a Base Pair on Binance

Major cryptocurrency exchange Binance has added Paxos Standard (PAX) as a base currency on its platform, meaning the stablecoin can be coupled with other digital assets listed on the platform. The addition of PAX on Binance will offer traders an alternative to controversial stablecoin Tether (USDT), which, until now, was …

NYSE Operator’s Bakkt Confirms End of January 2019 Launch Date For Digital Assets Platform

The Bakkt digital assets platform, which was created by the operator of the New York Stock Exchange (NYSE), announced in a Medium post today, Nov. 24, that they are now “targeting” Jan. 24, 2019 as a launch date. The Intercontinental Exchange (ICE), operator of 23 leading global exchanges including the …

25% of ‘affluent’ millennials hold cryptocurrency

A full quarter of affluent American millennials are using or holding cryptocurrency. That’s among the findings in the Millennials with Money report from Edelman. The survey defines affluent millennials as aged 24-38, making $100,000 in individual or joint income, or having $50,000 in investable assets. An additional 31% are interested …

Ripple’s XRP Sales More than Doubled to $163 Million in 2018 Q3

Ripple (XRP), a fintech startup building a global blockchain payment network for financial institutions, released its third-quarter market report this week, revealing that it sold $163 million in XRP during the quarter. According to the report, Ripple sales accounted for 0.43% of global XRP volume. $65.27 million worth of XRP …

Paxos Standard (PAX) Stablecoin – Secure & USD Collateralized

Just over a month ago on September 10, 2018 the New York based blockchain company Paxos announced the release of a new stablecoin called Paxos Standard, with the ticker symbol PAX. This is a fully USD-collateralized stablecoin that is being released by Paxos Trust Company. It is also regulated and …