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Brazil’s Central Bank Plans Blockchain Data Exchange for Regulators

Brazil could soon have a new blockchain platform to ensure the authenticity of information exchanged between the country’s financial authorities. Brazil’s central bank, Banco Central do Brasil (BCB), announced Tuesday that it has built the platform in order to allow secure data sharing between itself and other domestic financial regulators,…

Is It Time To Do Away With the Plentiful Ripple (XRP) Worth Predictions?

Crypto value predictions are the norm on this very younger industry of digital assets and blockchain. We’ve everybody predicting that such-and-such a coin might be a sure worth in 3 months and even 6 months. Some value predictions go far forward in time so far as 2022. For those who…

A UK Exchange Is Launching Litecoin Futures Trading

U.K.-based cryptocurrency futures trading platform Crypto Facilities is launching a litecoin (LTC) derivative product. According to an announcement on Wednesday, the new U.S. dollar-denominated service will go live on Friday, June 22, and will allow investors to long or short futures contracts that have litecoin as the underlying collateral, with weekly,…

Estonia Pushes Again Plans to Set up Personal Crypto

Estonia took a step again in its plan to arrange a nationwide crypto Estcoin after criticism from the President of the European Central Financial institution, Mario Draghi, and native banking overnment. The event was reported in Bloomberg. The managing director of the Estonian e-residency program, Kaspar Korjus, advisable the issuance…

Ripple speaks up on legacy banking systems, says “good enough is not enough”

In a recent blog by Ripple, they spoke about legacy banking systems and how to replace them. Ripple’s new innovative and disruptive financial solutions have gone mostly unnoticed in terms of visibility in the financial sector. The pervasiveness of legacy banking systems and non-bank financial institutions has led to a general…

China Prosecutes 98 Over Alleged $2 Billion OneCoin Pyramid Scheme

Prosecutors in China have charged four suspects said to be involved with operating an alleged $2 billion cryptocurrency pyramid scheme. According to a news release issued by the Supreme People’s Procuratorate issued Wednesday, a local prosecutor’s office in Hunan province has charged the four individuals as part of a wider crackdown…

Cryptocurrency market valuation to hit $1 trillion this year

Cryptocurrency market valuation to hit $1 trillion this year. The market cap of cryptocurrency seems to just increase. Even though some of the individual ones are falling but cumulatively, the market cap seems to increase year-on-year. According to the CEO of Kraken, Jesse Powell, in the rest of the months…

Ripple, a real-time gross settlement system

Ripple, a real-time gross settlement system, currency exchange, and remittance network, has announced the results of its first pilot for xRapid — the company’s business solution for payment providers and financial institutions looking to expand their reaches into new markets with increased scale, speed, and cost efficiency.  Promising Results In…

Smart contracts

People make agreements all the time. In general, these agreements tend to be either hopeful promises secured by a handshake and some goodwill, or they are the really intense kind of agreement that requires lawyers, contracts, and signatures. One method is friendly and based on good intentions, while the other…

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