Crypto Market

RAKBank Partners with Ripple Blockchains

RAKBank Partners with Ripple Blockchains

The United Arab Emirates’ (UAE) largest retail and business bank, RAKBank, selected Ripple’s blockchain to provide cross-border payments from here on out. Ripple provides distributed ledger payments products for financial institutions. Announced Sunday, the partnership will now allow UAE locals to transfer money between accounts at the two institutions within a day. RippleNet’s blockchain technology …

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Crypto Rally Comes in Hot After Bitcoin Meets $10,000 Mark

Crypto Rally Comes in Hot After Bitcoin Meets $10,000 Mark

The upcoming Bitcoin (BTC) halving is on its way, pushing the top cryptocurrency through $10,000 on Friday morning. It was the first time it happened since February. The top cryptocurrency traded around $9,900 later on, but it was still a 6.4% rise against the day before. This raised the crypto market’s entire market cap to …

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Square Saw a 711% Surge in Bitcoin Revenue Year

Square Saw a 711% Surge in Bitcoin Revenue Year-over-Year

Payments firm Square reported a revenue surge in its Cash App revenue for the second quarter. In its $875 million revenue and 600% increase year-over-year, the app helped generate $17 million with Bitcoin (BTC) gross profit. The app saw a 711% increase in yearly BTC revenue and gross profit from an increase in traders and …

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Ethereum Could Launch its Second Version in July

Ethereum Could Launch its Second Version in July

If the highly-anticipated Ethereum (ETH) upgrade won’t go through blockades of further delays, it could launch as soon as July 2020. The developer firm, BitMEX, the research could push the crypto up from proof-of-work to proof-of-stake consensus. This means that instead of solving puzzles to complete a block, miners will instead rely on a deterministic …

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ANSA Filters Out Fraudulent Articles with Blockchain

ANSA Filters Out Fraudulent Articles with Blockchain

In early April, Italy’s Agenzia Nazionale Stamps Associate (ANSA) newswire caught fraudsters publishing fake COVID-19 articles posing as its chief, Stefano de Alessandri. To retaliate, ANSA launched a blockchain registration system called “ANSAcheck.” This network stamps legitimate articles with traceable proof that an article was published by an official distributor. It uses the Ethereum blockchain …

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RBoC Welcomes Blockchain into China’s Tech Infrastructure

RBoC Welcomes Blockchain into China’s Tech Infrastructure

As part of the Republic Bank of China’s efforts to boost progress for the digital yuan, blockchain will now be a part of the country’s data and technology infrastructure. The National Development and Reform Commission (NDRC) said it will join other emerging technologies to manage the flow of information in China. Examples of these systems …

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