[ad_1] The Australia and New Zealand Banking Group Limited (ANZ) has thrown some serious shade at distributed ledger technology — commonly referred to as ‘the blockchain.’ According to the third-largest bank by market capitalization in Australia, legacy financial institutions aren’t exactly under immediate threat from the trustless transactions introduced by Bitcoin (BTC) and its creator, Satoshi Nakamoto. Maria Bellmas, ANZ Institutional’s associate director of trade and supply chain products, stated:
[ad_1] Introduction There’s more to Blockchain technology than Bitcoin and other cryptocurrencies. At its fundamental level, Blockchain technology engenders trusts in inherently trustless environments. Protocol blockchains such as Bitcoin, Ethereum, EOS, GoChain, Steem and xDai have provided a launchpad for developers to work on DApps. DApps are typically open source applications not owned by anyone, immune from downtimes; and that cannot be shut down by a government or its agencies.
[ad_1] On March 23, the Twitter handle @Bitcoin became mired in controversy after BTC supporters complained about the account and attempted to get the profile shut down. The operator of the Bitcoin Twitter profile has also accused the social media platform of manipulating matters by placing restrictions on the account and limiting its overall traffic. Also read: Bitcoin and the Agora: Every Transaction Outside the Nexus of State Control Is
[ad_1] As the Bitcoin price weekly candle draws towards a close for the week we take a look at what the performance over the week looks like going into the final week of March. Bitcoin price: 4-HOUR CHART Looking at the4-hour chart, we can see that the bitcoin price has spent the last few days oscillating around the weekly opening price of $3965, with the bears continually attacking this level.
[ad_1] Controversial stablecoin Tether is in the spotlight again after changes to the details of the way in which it backs up tokens in supply.As reported on March 14, various online users noted and posted disconcerting changes to the Tether website, which have seemingly altered the way that the company is providing surety for the tokens it issues.Tether is a stablecoin backed up by the United States dollar at a
[ad_1] Sunday, March 24 — most of the top 20 cryptocurrencies are reporting slight losses on the day by press time, according to data from CoinMarketCap.Bitcoin (BTC) is down just over a tenth of a percent on the day, trading at around $4,021, according to CoinMarketCap. Looking at its weekly chart, the current price is just over a quarter of a percent lower than $4,036, the price at which Bitcoin
[ad_1] Leading cryptocurrency exchange Binance announced major changes to the format of its Launchpad token sale in a post on its blog published on March 24.Per the announcement, the company “will use a new lottery format for the next project on Binance Launchpad.” Previously, the system functioned on a first come, first served basis, which left many users who joined high-demand sale queues without tokens. The post also outlines a
[ad_1] According to a recent report, BMW Group Asia, Intel and Nielsen are now official partners of the Tribe, a Singapore government-supported blockchain accelerator Tribe. Tribe Will Enjoy Support From Three Major Global Companies The accelerator made it known in a recent release that it will be sharing knowledge and subject expertise in respective fields with the three firms. This will do well to help with the building of an
[ad_1] Top Stories This WeekSix Global Banks Sign Up to Issue Stablecoins on IBM’s Now-Live Blockchain NetworkThis week, six international banks signed letters of intent to issue their own stablecoins — which will be backed by their national fiat currencies — on IBM’s now-live blockchain-powered payments network, “World Wire.” According to the joint announcement by IBM and Stellar, the World Wire has gone live with over 44 banks on its
[ad_1] BIS (Bank of International Settlements) General Manager, Agustin Carstens, has been at it again. This time arguing against Central Bank Digital Currencies at the Central Bank of Ireland’s Annual Whitaker Lecture. BIS: Vested Interest In Legacy Systems Agustin Carstens really doesn’t want anything to upset the status quo. You know, the one in which he’s the head of Bank for International Settlements – the central bank of central banks.