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Currencies Direct Successfully Completes xRapid Transaction

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[ad_1] The future is looking rather bright for Ripple and XRP. Dozens of financial institutions have taken a keen interest in this project and all of its technology. One firm, Currencies Direct, recently completed an international transaction over the xRapid platform. This is another validation of the XRP asset in the financial sector. xRapid Continues to Gain Recognition It is evident the financial sector has high hopes for blockchain technology and digital assets. Developing proper solutions in this regard is not all that easy. It seems a lot of corporations and banks are looking at Ripple’s xRapid solution. This particular project offers a new liquidity solution when it comes to international payments due to its competitive FX rates and nearly instant transactions. So far, xRapid has garnered a lot of attention in Asia. Even so, a lot of banks and financial institutions located elsewhere are paying attention to xRapid as well. The latest company to conduct a successful transac...
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UK’s FCA Actively Probing Two Dozen Cryptocurrency Firms

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[ad_1] Despite the growing interest in cryptocurrency, not all ventures should be trusted by default. In the United Kingdom, an active investigation into two dozen cryptocurrency firms has been launched by the Financial Conduct Authority. Although this doesn’t mean any of these firms have done something illegal, it will be interesting to see what the investigation turns up. The FCA is on the prowl The cryptocurrency industry is undergoing some big changes. For their part, the UK’s Financial Conduct Authority is looking for ways to crack down on illicit activity in the cryptocurrency industry. Cracking down on companies running illegitimate businesses is of the utmost importance. At present, the FCA is launching no less than two dozen investigations involving cryptocurrency firms. Additionally, seven whistle-blower reports were investigated in 2018. All of those reports pertain to Bitcoin and other cryptocurrencies, although the exact nature of...
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Sygnia Plans to Launch a Cryptocurrency Exchange in South Africa

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[ad_1] South Africa is quickly positioning itself as a go-to hub for cryptocurrency trading. To do so properly, new infrastructure will need to be launched. Sygnia , a well-known asset management company, is apparently looking to enter the cryptocurrency trading ecosystem. Its new venture is scheduled to launch in Q3 of this year. SygniaCoin is Worth Keeping an eye on Consumers all over the world are demanding exposure to cryptocurrencies. That is a lot easier in some regions compared to others. For instance, trading Bitcoin and altcoins is relatively easy in Asia, the US, and Europe. However, things are very different in places such as South Africa , where Bitcoin hasn’t made the biggest of impacts so far. That situation may come to change in the very near future. Bringing more cryptocurrency gateways to South Africa is one of the missions of asset management company Sygnia. As such, the company has announced its plan to launch SygniaCoin . Unlike w...
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Wall Street Exodus Continues as Cryptocurrency Industry Becomes More Attractive

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[ad_1] Wall Street has always been an exciting place for anyone with financial aspirations. A lot of major firms make up the Wall Street as we know it today, but things have been changing fairly rapidly. Growing interest in cryptocurrency is motivating a lot of people to quit the world’s financial hub in favor of completely different pastures. Wall Street is a Temporary Stop For as long as most people can remember, Wall Street has been considered the pinnacle of the financial sector. A lot of people have high expectations of any firm and individual active in this industry, although it seems things are quickly changing in this regard. That can only be considered a good thing, especially when considering that there are other innovative markets out there. Although Wall Street has made many people a lot of money over the past few years, it may be in danger of being supplanted. The cryptocurrency industry is attracting so much attention these days, virtually anythi...
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Bitcoin Price Watch: Currency Up to $7,500

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[ad_1] Bitcoin is now trading for roughly $200 more than where it stood yesterday, reaching the $7,500 mark in less than 24 hours. Prior, bitcoin had been trading for this amount during the late evening of Tuesday, May 29, only to fall to $7,400 and then $7,300 the following day. While it’s not worth breaking out the champagne just yet, investors are breathing a sigh of relief now that the market is showing small signs of recovery. Bitcoin has been under serious pressure over the last few days, with new resistance developed at the $7,600 level. One source predicted that the currency could have easily reached a low of approximately $7,040 before any bullish signs showed their heads, but now it appears those signs are emerging sooner than anticipated. One reason for the alleged spike could be the upcoming Russia World Cup . The event is slated to boost the bitcoin price back into the $8,000 range, or possibly even the $9,000 range due to specific financial restriction that may requ...
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First Alpha Release of Trinity for Ethereum Is Live

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[ad_1] Scalability remains one of the biggest problems in the world of cryptocurrency and blockchain technology . Overcoming it successfully will warrant a very unique approach. For Ethereum, a major development is on the horizon. The first alpha of the Trinity client for Ethereum heralds a new era for this ecosystem. Trinity can be a Game Changer A few months ago, the cryptocurrency and blockchain community was introduced to a concept known as Trinity . It is a project which provides additional scaling solutions to specific projects. At first, it was only supposed to support the NEO network, which was considered a rather interesting choice. Given the centralized nature of NEO, however, extra scaling is more than welcome for this project in its current form. A few weeks later, news broke that Trinity would support Ethereum and Zilliqa as well. Improving on-chain scaling for blockchains and cryptocurrency projects will not be easy by any means. Although the Ethereum d...
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The Blockchain Can Help Us Clean up Our Act

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[ad_1] If you think a lot of talk about blockchains is garbage, it’s only fitting to let you know that some of it is. Yet another use for blockchain technology has been revealed, and that’s to help us clean up our act. Literally. The superstar technology that’s putting food on the tables of the poorest households is also ensuring efficient waste disposal. Or at least, it soon could be. Every year, humans produce more than 2 billion tons of waste, and most of it ends up sitting around in landfills, or infiltrating the earth and polluting the oceans. Waste disposal is a serious problem, and it’s also an underexploited opportunity.   While most countries attempt to dispose of their waste by covering giant holes in the ground or burning off non-toxic materials, we’re damaging the environment and leaving money on the table at the same time. So, how can blockchains be put to good use? Monitoring the Garbage Lifecycle The blockchain’s ability to track...
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