Mt. Gox repayments won’t be as bad for Bitcoin as you think: Analysts

Switzerland-based crypto bank Seba Crypto AG has signed an agreement with Swiss mortgage bank Hypothekarbank Lenzburg AG to use its core banking system, Finstar, Cointelegraph auf Deutsch reports on Jan. 31.The partnership will allow for the implementation of Seba’s decentralized software into Finstar, as well as allowing Seba to use Finstar’s conventional services.  Additionally, Seba…

Bitcoin’s growing correlations with gold, S&P 500 and Nasdaq 100 indicate that investors see BTC as a “relative safe haven,” BofA strategists wrote. 404 Total views 6 Total shares Despite the ongoing cryptocurrency bear market, investors have been increasingly looking at Bitcoin (BTC) as a safe haven, a new study suggests.The rise in correlation between…

A new project in Russia aims to enable secure storage of inherited digital possessions like Bitcoin using a cloud-based service of state-owned Sberbank. 554 Total views 11 Total shares A group of Russian experts is working on a new blockchain-based service to allow users to bequeath their cryptocurrency holdings and digital rights to the next…

Argentina has recently settled an export deal with Paraguay in Bitcoin. Although the net value of the deal was only $7,100, it is a welcome step. Gradually, more countries will recognize the advantage of using cryptocurrencies for cross-border deals.Digital asset management fund Grayscale Investments said that its institutional clients are increasingly using the current low…

The Corona pandemic prompted many Asian countries to adopt blockchain technology to secure their data via the Internet against hackers and cyber thieves, according to a report from the Nikkei Asian Review.This increase in adoption comes as  The Business Research Company said the global blockchain market is expected to hit $15.88 billion in 2023.Tomohiro Maruyama,…

Precious metals streaming company Wheaton Precious Metals (WPM) will use blockchain technology to facilitate its metal accounting processes, mining.com reported on June 12.WPM has reportedly hired software company Blockhead Technologies to deploy its blockchain-based platform STAMP to streamline metal accounting processes. Specifically, the platform purportedly enables its users to track and source certification into mining…

A major Chinese e-commerce platform and a video sharing site have reportedly joined China’s CBDC project. 620 Total views 11 Total shares Development of China’s central bank digital currency, or CBDC, continues to show signs of progress. On July 8, a major domestic e-commerce platform and a video sharing site both joined the CBDC project,…

The DocuSign CEO estimates the cost of providing the firm’s e-signature and digital identity services are 13X higher using blockchain technology. 900 Total views 9 Total shares Daniel Springer, the chief executive officers at electronic signature technology company DocuSign, says the firm isn’t likely to incorporate additional blockchain technology anytime soon as current infrastructure is…

The Messari report noted that more than $30 billion was raised from 1199 funding rounds in the first half of 2022. 202 Total views 21 Total shares Despite the ongoing market slump, the crypto sector has already raised $30.3 billion in funds, outpacing an entire year of fundraising in 2021, a new report shows. In a…