In the past few years, we are facing a new phenomenon that brings significant changes to the financial transaction system. If at first we make money transfers through bank services, we can now do it personally through our own hands. The world is now in the grip. To just make a transaction, we don’t need to move one step. The new system developed in this decade provides enormous convenience for conducting digital transactions. for payment instruments now using digital tokens or coins. this fact has become a very serious conversation throughout the world both in the private life of the community and in international forums. How not, this new system does not even require more fiat money as a means of payment……
Tag: cryptocurrency science
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………..
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………………….
The disastrous and seemingly unending hack which devastated New Zealand exchange Cryptopia was only the first in a series of bad news coming from various crypto exchanges the past week, with Canadian exchange QuadrigaCX ‘losing’ about $190 Million worth of crypto following the death of a founder and the subsequent loss of access to a private key, as well as the sudden and unexpected insolvency of Coinpulse……………
Yahoo co-founder Jerry Yang recently said that digital currencies and their underlying blockchain technology can only survive in the long-term if the crypto community builds a solid foundation of trust around them. Yang’s comments about cryptoassets and distributed ledger technology (DLT) came during a speech he delivered at the recent Nikkei Innovation Asia Forum, held in Singapore……..
United States Congressman, Darren Soto (D-Fla) has reportedly said that the issue of crypto regulation should be left to the jurisdiction of the U.S Commodity Futures Trading Commission, rather than the almighty Securities and Exchange Commission (SEC), reported Cheddar on January 10, 2019.While the SEC has been actively overseeing the U.S. cryptocurrency space, hunting down projects that go against its statutes, Representative Darren Michael Soto, an American attorney and congressman, has argued that the former should leave matters concerning cryptocurrencies to the CFTC and instead, focus solely on securities regulation.
Ripple’s chief market strategist Cory Johnson says retail giants like Amazon could benefit from Ripple’s suite of cross-border payment solutions. At Cornell’s Entrepreneurship Summit in New York City, Johnson talked about Ripple’s mission to dramatically improve the speed and lower the cost of cross-border payments. When asked where he sees Ripple in 10 years, Johnson said he can see the company’s technology playing a key role in helping some of the world’s biggest companies move money and pay their employees in a timely, efficient and low-cost manner.
Thousands of guides have popped up purporting to help beginners get started investing in cryptocurrency. While some are useful, it is clear that investing in cryptocurrency is not a straightforward endeavor. For one, cryptocurrencies as an asset class are riskier than what the average investor is comfortable with; and secondly, learning to buy and trade cryptocurrencies can be an ordeal in itself, with security issues and difficulties in working with multiple exchanges.As an asset class, cryptocurrencies are more volatile than traditional assets. However, the rise can be meteoric as well. Bitcoin, for example, traded at $1,320 on April 28 a year ago…………