Big banks rush in to test ECB’s wholesale distributed ledger tech

Bitcoin (BTC) has been trading in a descending pattern since the strong $53,000 rejection that occurred on Sept. 7, and the $3.4 billion futures contracts liquidation along with China's ban on crypto trading appear to have severely impacted traders' morale. Adding to the negative sentiment, major crypto exchanges like Binance and Huobi halted some services in…

The Switzerland-based Capital Markets and Technology Association has published a common industry standard for the custody and management of digital assets. 666 Total views 7 Total shares The Switzerland-based Capital Markets and Technology Association (CMTA) has published a common industry standard for the custody and management of digital assets.Announced on April 30, CMTA’s “Digital Assets…

The paper also put forward CBDCs as solutions to high transaction fees and the energy use of mining cryptocurrencies like Bitcoin. 559 Total views 9 Total shares Cash usage has lost a ton of ground to digital payments as the pandemic has changed the way people transact worldwide. Some experts have recently argued that central…

Synthetix faces fierce competition on the DeFi-oriented layer 2. 

The price of Bitcoin surpassed $11,400 for the third time in three days, breaching a critical resistance level. Earlier today BTC price reached $11,444 but it quickly rejected back to the $11,250 range.Surprisingly, within the last hour the price has risen above the $11,400 mark again and some traders believe that repeated retests of the…

The simplified trading experience could help PancakeSwap attract a larger market share from centralized exchanges.

Electric Coin Company (ECC), the firm behind privacy-centric cryptocurrency Zcash (ZEC), reported financial losses in Q1 2019.According to the Q3 2019 report published on Aug. 29, the firm operated at an average monthly deficit of $186,000 during the first quarter of the year.Operating at a lossThe company reportedly was receiving 6,157 ZEC per month and…

A blockchain-based platform says it is the first that puts all users and ecosystem participants on an equal level, and has set out its vision for how its platform will develop in the coming months and years.Transcendence describes its blockchain as open source and decentralized, and says it offers full compatibility with existing systems such…