JPMorgan Chase, the largest U.S. bank (and the world’s sixth largest), has created its own cryptocurrency, a stablecoin called “JPM Coin.” According to CNBC, J.P. Morgan “moves more than $6 trillion around the world every day for corporations in its massive wholesale payments business,” and in a few months, it will start trials for use of this new cryptocurrency for instant settlement of payments between its clients. The report says that J.P. Morgan is for a future blockchain-powered world, but before that happens………..
This, according to data from DAppRadar – which was pointed out by Twitter user Kevin Rooke on February 9th, 2019. As Rooks explains in his tweet, 86% of ETH-based dApps had zero users last Saturday, while 93% did not record any transactions. Although there are reportedly around 40 times more developers focused on creating software for Ethereum (when compared to its closest competitors such as EOS and Tron), ETH-based dApps don’t appear to have lived up to expectations. There are about 1,375 “live” dApps built on the Ethereum blockchain, however the number of active users have remained consistently low. According to data from DAppRadar…………….
Paraguay has reportedly recently paid for an Argentinian shipment worth little over $7,000 in bitcoin, the flagship cryptocurrency, in an apparent first for both countries. The deal was made as part of new program incentivizing small shipments. According to Cointelegraph en Español, Argentina sold Paraguay pesticides and fumigation products, and paid for the products in BTC, which was then converted to Argentina’s fiat currency, the peso, to pay the agricultural chemicals’ exporter.
The optimistic price movements of major crypto assets in the likes of Ethereum, EOS, Bitcoin Cash, and Binance Coin have come during a period in which the sentiment in the near-term performance of the crypto market has become noticeably gloomy. Full-Fledged Crypto Recovery a Possibility? On February 17, prior to the recent rally of the crypto market, a cryptocurrency trader with an online alias “Mayne” stated that investors cannot remain bear-biased solely based on the past performance of the market………
Source: Ethereum Surges 13% Overnight: is the Crypto Market En Route For a Strong Recovery?
Ripple, the global blockchain-based cross-border remittance company, has been continuously making new partnerships in their effort to establish themselves as a leader in the global financial markets.To date, Ripple has already secured at least 200 partnerships with banks and financial firms around the world, and they are now beginning to see these partnerships come to fruition…………….
Source: Finablr’s UAE Exchange and Unimoni Go Live on Ripple Net for Cross-Border Remittances
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Over the last three years, the number of cryptocurrency ATMs has increased by 700%. This is indicated by data from the DRIVE Markets exchange. According to the company’s research, on January 1, 2016, 501 automatic teller machines for digital coins were in operation, and in 2019, the figure has reached 4,128. Experts believe this trend is related to the growing popularity and confidence in the crypto industry and the simplicity and accessibility of the devices compared to digital assets exchanges…………….
Source: Why Need Real ATMs for “Unreal” Money?
Cryptocurrency is useless to anyone other than nefarious groups or individuals trying to move money without being noticed by the government. This is apparently the cutting-edge opinion of Harvard University cryptographer and technology researcher Bruce Schneier.Citing a series of regularly discredited and debunked talking points, Schneier believes that the aims of Bitcoin according to its original whitepaper have been defeated by the reality of its deployment………………….
Source: Cryptocurrency is ‘Honestly Useless’: Harvard Cryptographer
On February 8, the crypto market experienced a strong $10 billion recovery from $111 billion to $121 billion, breaking out of a three-week stalemate. With an overnight price movement, the crypto market nearly fully recovered to January levels at around $130 billion……..
Source: Bitcoin Bottom In? What Crypto Traders Can Expect After $10 Billion Surge Overnight
year ago, Joe Lubin seemed like one of the most prescient people on the planet. Cryptocurrencies like ether were in the midst of a hockey-stick ascent, and Lubin, a cofounder of the Ethereum blockchain and one of its most articulate pitchmen, was scheduled to speak at events from Davos to SXSW. At his firm’s “Ethereal Summits,” it was standing room only, with crowds hanging onto his every utterance, no matter how bizarre…………….
Source: Cryptopia In Crisis: Joe Lubin’s Ethereum Experiment Is A Mess. How Long Will He Prop It Up?