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Oil Giant Saudi Aramco Buys Into Blockchain Trading Platform Vakt

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Oil Giant Saudi Aramco Buys Into Blockchain Trading Platform Vakt
Cointelegraph
 Published Few hours ago
Oil Giant Saudi Aramco Buys Into Blockchain Trading Platform Vakt 
Saudi Arabia’s state oil company, Saudi Aramco, has bought into the blockchain-based oil trading company Vakt. Saudi Aramco’s Energy Ventures branch has bought $5 million in new shares. The investment will be used to develop the platform, with a focus on expansion into the Asian market. In addition to investment, the oil conglomerate’s trading subsidiary Aramco Trading is set to use the Vakt platform. Aramco Trading will add its trading volumes to the blockchain-based platform. Read Full on Cointelegraph

blockchaincrypto
Cardano Foundation Partners with PwC to Commercialize Cardano
Decrypt
 Published Few hours ago
Cardano Foundation Partners with PwC to Commercialize Cardano 
Cardano (ADA) has just spiked 15% following the announcement of a partnership with multinational accounting and consultancy firm PricewaterhouseCoopers (PwC). Charles Hoskinson, CEO of IOHK revealed in a live stream that PwC will consolidate information from IOHK, the Cardano Foundation and Cardano's business arm, Emurgo, to build a commercial strategy for the blockchain project. PwC will be holding a multi-day workshop where the firm will unveil the strategy it will use to promote Cardano adoption to mainstream businesses. Read Full on Decrypt

cardanoblockchain
Twitter’s Jack Dorsey Is Making Bitcoin ‘As Common As Cash’
Forbes
 Published Few hours ago
Twitter’s Jack Dorsey Is Making Bitcoin ‘As Common As Cash’ 
Twitter's chief executive Jack Dorsey is convinced bitcoin is the future. Dorsey has vowed to help bitcoin development through his payments company, Square—which said it's "only a matter of time until instant, low-fee bitcoin payments are as common as cash used to be." Square Crypto, which was created last year by Dorsey to spearhead bitcoin and cryptocurrency development at the company, has said it is focusing on Lightning and building a development kit for bitcoin's Lightning network. Read Full on Forbes

squarebitcoincrypto
New Singapore law requires crypto firms to be licensed in the country
The Block
 Published Today
New Singapore law requires crypto firms to be licensed in the country 
Singapore’s new payments law has come into force today and it requires all crypto businesses operating in the country to be registered and licensed. The Payment Services Act was first passed in January 2019 and is now enacted, the Monetary Authority of Singapore (MAS) announced Tuesday. It gives the regulator formal supervisory authority over payments firms, including crypto. The Monetary Authority of Singapore said the new law will strengthen consumer protection and promote confidence in the use of electronic payments. Read Full on The Block

singaporebitcoincrypto
Litecoin's Lee: Bitcoin's Lightning Network usage will rise in coming days
AMBCrypto
 Published Today
Litecoin's Lee: Bitcoin's Lightning Network usage will rise in coming days 
The Bitcoin ecosystem has been looking at the Lightning Network as a solution to its scalability problem for a long time now; the layer 2 payment protocol is known to facilitate fast transactions. In a recent interview, Litecoin‘s founder Charlie Lee spoke about Lightning Network. He noted that the lightning network would indeed help solve Bitcoin’s scalability issue. He stated, “The lightning network saves a lot on fees and enables instant transactions. I think we’ll start to see a lot more lightning network usage on Bitcoin in the coming days." Read Full on AMBCrypto

bitcoincryptoblockchain
Ukraine Plans to Track Crypto Transactions Above $1,200
CoinDesk
 Published Today
Ukraine Plans to Track Crypto Transactions Above $1,200 
Ukraine’s financial watchdog intends to track crypto transactions exceeding $1,200. For the first time, Ukrainian anti-money laundering law includes crypto as an asset to be monitored. The threshold for triggering the scrutiny process is 30,000 Ur

kainian hryvnia (UAH), or US$1,200. Oksana Makarova, head of the country’s Ministry of Finance told “If exchanges, exchangers, banks or other companies make payments in cryptocurrencies worth more than UAH 30,000, they must verify such transaction and collect detailed customer information. Read Full on CoinDesk

Ukrainecryptoblockchain
Staking ecosystem surges to $8 billion valuation
bravenewcoin
 Published Today
Staking ecosystem surges to $8 billion valuation 
The total amount of staked cryptocurrency has spiked to an all-time-high over $8 billion. Holders of proof-of-stake cryptocurrencies are choosing to stake their coins to support the network in exchange for income. Leading the pack with the highest value of staked crypto assets is EOS, which represents almost a quarter of the total amount at $1.8 billion. This is closely followed by Tezos, and Cosmos, which launched in 2018. Read Full on bravenewcoin

tezoscardanoeos
Dash sees 562% increase in active wallet users in Venezuela
twitter
 Published Today
Dash sees 562% increase in active wallet users in Venezuela 
Dash is making serious inroads in Venezuela. Dash director of media and PR Mark Mason, noted there had been a 562% increase in active Andriod devices using the Dash wallet app in Venezuela. He also pointed out that this figure did not represent total installs, but actual devices that have been online at least once in the past 30 days. Moreover, growth for December 2019 was 29%. Speculation is with the current growth rate, it will take just 12 more months to crack the 1 million mark in Venezuela. Read Full on twitter

Venezueladashcrypto
Early Growth of Internet is Similar to The Current Crypto Adoption: Deutsche Bank
Decrypt
 Published Today
Early Growth of Internet is Similar to The Current Crypto Adoption: Deutsche Bank 
Deutsche Bank has published a new research paper on the future of payments, in which it compares the growth of crypto wallet users to the early-stage evolution of the Internet and predicts that crypto wallet users will reach 200 million by 2030. According to the research paper, titled Digital Currencies: the Ultimate Hard Power Tool, blockchain’s adoption rate mirrors that of the Internet in its early years - although its actual user numbers are an order of magnitude smaller. Read Full on Decrypt

bitcoinbtccrypto
Major Swiss Banking Firm Julius Baer Launches Services for Cryptocurrencies
Cointelegraph
 Published 1 Day ago
Major Swiss Banking Firm Julius Baer Launches Services for Cryptocurrencies 
Major Swiss private banking management group Julius Baer has launched a digital assets trading and custodial service via a partnership with regulated crypto-specialist Seba. Julius Baer will be offering its clients services such as secure digital asset custody, cryptocurrency transaction solutions, as well as consolidated portfolio overviews for both traditional and digital assets. The bank will support a select group of major cryptocurrencies ostensibly chosen on the grounds of their liquidity, security and technical robustness. Read Full on Cointelegraph

switzerlandcryptoblockchain
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