A Newly Launched Stablecoin You’ve Never Heard of Is Coming to Ledger

“We suck at marketing,” Eiland Glover, CEO and founder of Kowala, admitted in good humor. “Our PR probably doesn’t want to hear me say that, but it’s true.” Glover’s brutally honest statement is by no means a reflection on the company’s work ethic or even its progress — quite the opposite. The milestones the project has surpassed this summer have been an unintentionally well-kept secret, which makes its most recent announcement pretty surprising: Kowala, an under-the-radar stablecoin based in Nashville, Tennessee, is being integrated into Ledger’s hardware wallets. An integration…

Crypto Daily News | Blockchain Tests and Robinhood Candlestick Charts

In today’s edition of Crypto Daily News, we’ll cover the details of the Chinese Central Bank launching its blockchain platform and Robinhood launching candlestick charts on its app. Crypto Daily News: September 4th, 2018 Cryptocurrency News: Chinese Central Bank The People’s Bank of China (PBoC) has officially launched the beta testing phase of its blockchain trade finance platform, says local news outlet Shanghai Securities News. The Shanghai News source states the Shenzhen Central Sub-branch of the PBoC has entered its trial phase of the platform earlier than expected. This finance…

Scottish PRS Market Finds a Use Case in Blockchain

A Scottish property firm is teaming up with a local blockchain startup to create probably the world’s first Private Rented Sector (PRS) database. Property letting portal Citylets has announced that they and their new tech partner Wallet.Services will be creating a ledger that would tackle rising rents in Scotland’s residential sector. The company believes that their solution will become a useful tool for local councils applying to the Scottish ministers to have their area designated as a ‘rent pressure zone,’ for it will provide the relevant information procured from the letting agents. The…

Crypto Exchange ShapeShift Is Moving Away From Its No-Account Model

Cryptocurrency exchange ShapeShift has launched a new membership program that will eventually become mandatory for its users. Positioned as a loyalty program, the initiative will see the startup offer a range of benefits while also moving to start collecting some personal information from its users, essentially forming a pivot away from its “exchange without accounts” model. In the blog post, CEO Erik Voorhees wrote that “that last detail sucks” in reference to the plan to make the membership program mandatory, which will take place sometime later this year. Nothing that…

Bitcoin Dark Mysteriously Surges 277% in Suspected Pump and Dump Scheme

Bitcoin Dark (BTCD), a cryptocurrency that planned to compete with Bitcoin and has been around since 2014, has recently seen its price surge from about $20 to a $100 peak in a matter of hours, before correcting to $80 at press time. This means the cryptocurrency is currently up by over 277% in the last 24-hour period. Historical data shows its trading volume has also surged, form an average of about $100,000-$200,000 a day to nearly $1 million. The cryptocurrency, according to CoinMarketCap data, is currently traded on Poloniex and…

Chinese Central Bank Launches Testing Phase of Trade Finance Blockchain Platform

The People’s Bank of China (PBoC) has officially launched the testing phase of a blockchain trade finance platform, local news outlet Shanghai Securities News reported September 4. The Shenzhen Central Sub-branch of the People’s Bank of China, the central bank of the People’s Republic of China, has entered the trial phase of the so-called “Bay Area Trade Finance Blockchain Platform” earlier than scheduled. The platform is aimed at conducting trade and financing activities, such as accounts receivable and trade financing. At the same time, the platform provides a regulatory system…

Bittrex to Delist Bitcoin Gold by Mid-September, Following $18 Million Hack of BTG in May

Crypto exchange Bittrex will delist Bitcoin Gold (BTG), a hard fork of Bitcoin (BTC), by September 14 following an $18 million hack of the BTG network in May, The Next Web reported September 3. Founded in 2007, the hard fork cryptocurrency Bitcoin Gold has suffered a “double-spending” hacking attack that reportedly allowed the unknown hijackers to take control of more than 51 percent of the BTG hashrate. The attack, which reportedly started on May 18, 2018, has managed to amass more than $18 million in Bitcoin Gold from various exchanges,…

South Korea Internet and Security Agency to Double Blockchain Project Budget in 2019

The Korea Internet and Security Agency (KISA), a sub-organization of the South Korean Ministry of Science and ICT, has announced plans to expand public blockchain pilot projects to revitalize the domestic blockchain market, ZDNet Korea reports September 4. The South Korean government plans to spend about $9 million to spread blockchain projects throughout public and private sectors. This year, the government has spent around $3.8 million on the blockchain projects. The goal is to find efficient cases in the public sector and to identify the best options, bringing them to…

Bitstamp: An Overview of the Industry’s Oldest Active Exchange

In this guide, we explore Bitstamp and its journey from humble beginnings seven years ago to becoming one of the most popular cryptocurrency exchanges in the world. We’ll also look at the various features of its platform, chiefly trading and acquiring cryptocurrency. Snapshot Operating since: August 2011 Location: London, Luxembourg, Slovenia, U.S. Fiat pairs supported: USD, EUR Notable cryptocurrencies supported: BTC, ETH, LTC, BCH, XRP Countries served: Worldwide Account verification: Proof of identity and address Funding options: SEPA bank transfer, cryptocurrency, debit/credit card, international bank transfer, AstroPay Withdrawal options: SEPA…

IBM Debuts Stellar-Powered ‘Blockchain World Wire’ Payments System

IBM is taking its long-in-the-works blockchain-based payment system out of beta, with the launch of a new product called Blockchain World Wire. Aimed at institutions and harnessing the stellar blockchain network, Big Blue says its new financial rail “can simultaneously clear and settle cross-border payments in near real-time.” Similar to other blockchain-based payment networks such as Ripple, World Wire attempts to do away with banking intermediaries that add complexity and cost to the traditional international payments systems. According to a document provided by IBM, the product works by substituting the banking intermediaries…